Posts Tagged ‘Monero fork’

Coinevo (EVO) Cryptocurency Using RandomEVO Algorithm

15, Apr 2020

Coinevo (EVO) is another crypto project forked from Monero that is based on the RandomX algorithm, though using its own variation called RandomEVO that you might be interested in checking out if you have some spare CPU power to throw at mining something relatively new. Do note that although EVO is a PoW coin it apparently also supports Masternodes and about 2/3 of the block reward goes to the nodes and 1/3 to the miner. You need to use a dedicated fork of XMRig (XMRig-EVO) in order to mine Coinevo as the specific algorithm is not widely supported as some of the other variants of RandomX.

There is an official EVO mining pool as well as another alternative EVO mining pool with more hashrate available, though the majority of the hashrate seems to be from solo mining apparently (in general not a lot of hashrate). There is an exchange called EREX, a very low volume crypto exchange not much EVO trading going on. Performance wise the RandomEVO algorithm is doing better on AMD Ryzen than on Intel CPUs, here is a comparison of what hashrate you can expect to see: about 2850 H/s on Intel Core i7 6850K (6C-12T) and about 9800 H/s on AMD Ryzen 3900X (12C-24T).

– For more information about the Coinevo (EVO) crypto project using the RandomEVO algo…

Monero (XMR) Has Successfully Switched to RandomX CPU Mining

1, Dec 2019

The expected hard fork of Monero (XMR) happened without issues and now the mining part is being done with CPUs (mostly) using the RandomX mining algorithm as opposed to CryptoNight R that was mostly GPU mined prior the fork. Currently the hashrate of the Monero network is around 500 MH/s with XMR drawing a lot of CPU mining resources from other crypto projects that were already unprofitable to mine anyway, so as a direct consequence some of these might become interesting for mining again with the focus on Monero. The big question at the moment is where all the GPU mining power that was focused on Monero will go now as these were mostly AMD mining GPUs, so most likely other CryptoNight-based projects will have to deal with the extra computing power. After checking a few of the more popular CryptoNight-based projects we don’t yet see big jumps in terms of hashrate after the fork of Monero, and that could easily mean that XMR already had a lot of “free” CPU mining going on even on the old CryptoNight R algorithm.

With the current network hashrate of about 500 MH/s the estimated daily coins you can mine with a single AMD Ryzen 5 3600 CPU that has about 6 KH/s of hashrate on stock settings is around 0.019 XMR at the moment or a bit over $1 USD if you exchange it for fiat at the current rate. This is better than we could get with the same CPU mining other RandomX coins yesterday. It is about double than mining LOKI yesterday, which was the most profitable one using the RandomXL algorithm, today however things also look different for LOKI as the mined equivalent is actually more profitable than Monero at $1.28 USD with the current difficulty after the outflow of hashrate to XMR. ArQmA (ARQ) is also up almost double in terms of mined equivalent in USD, and WoWnero doesn’t seem to be much affected in any way, remaining the least attractive of the RandomX crypto pack.

One Day Left Until Monero (XMR) Hardfork to RandomX

29, Nov 2019

Monero (XMR) will be hardforking tomorrow, November 30th, at block number 1978433. The fork will change the current CryptoNight R algorithm for mining to the new Random X PoW algorithm, essentially moving the mining of the coin to CPU. There are already a few RandomX miners out there that you can use, links below, and although some f them also support AMD or Nvidia GPUs, you would probably want to stick to CPU mining with RandomX as the algorithm is optimized for processors and GPU mining performance is far to low currently to be considered. Also as already noted AMD’s Ryzen 3000 series of processors is doing great for Random X and performance wise it is much better than recent Intel alternatives.

Another important thing to note regarding the upcoming for is if you are mining directly to an exchange using a paymentID. Since after the fork support for PaymentIDs will be discontinued, in order to continue successfully mining after the network update you need to also update your mining address. Alternatively you can just update to the latest v0.15.0.1 wallet and use a local wallet address for mining after the fork. For an up to date pools for mining XMR you can check the list at MiningPoolStats, they should all be ready for the fork by now.

Mining software with RandomX support:
– XMRig 5.0.0
– SRBMiner-MULTI 0.1.7
– XMR-STAK-RX 1.0.0


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