Posts Tagged ‘Nicehash

The X16R crypto algorithm introduced by RavenCoin (RVN) is getting more widely supported now that NiceHash has added support for users to sell and purchase X16R mining hashrate. Alogng with the support on the website for X16R the Excavator Nvidia GPU miner software developed by the service and also a part of their NiceHash Miner software also got support for the X16R algorithm. Apart for the new support of the X16R crypto algorithm, the Excavator miner also supports the following algorithms on more recent Nvidia GPUs: equihash, pascal, decred, sia, lbry, blake2s, daggerhashimoto, lyra2rev2, keccak, neoscrypt, cryptonightV7 and lyra2z as well as three dual mining modes: daggerhashimoto_decred, daggerhashimoto_sia and daggerhashimoto_pascal. Do note that the Excavator miner is a closed source miner available as a binary for Windows and Linux…

To download and try the latest version of the Excavator Nvidia GPU miner software…

NiceHash has just announced the support and availability of the CryptoNightHeavy and Lyra2z algorithms on their platform. The new algorithms are showing that there is high interest in term of hashrate for crypto coins such as Sumokoin (SUMO), Haven (XHV) and Loki (LOKI) that use the CryptoNightHeavy mining algorithm as well as Zcoin (XZC) and GINcoin (GIN) that rely on Lyra2z, though there are other coins that use these two algorithms as well. So for users that need more hashrate to mine any of these coins or others that use the two newly added algorithms the marketplace is now open, the same goes for people that just want to sell their hashrate and get paid directly in Bitcoin (BTC) that can also take advantage from the new NiceHash support for CryptoNightHeavy and Lyra2z. On a side note, new crypto coin launches using either of these algorithms may now also be hammered with huge hashrates right from their launch if there are users renting big amounts of CryptoNightHeavy or Lyra2z hashpower, so have that in mind as well if you are always on the lookout for new coin launches.

The controversy surrounding the release of a number of CryptoNight ASIC miners from various manufacturers and the upcoming fork of Monero (XMR) and some other crypto coins to a new ASIC-proof CryptoNightV7 algorithm continues. NiceHash has recently announced that they will continue to support both the old CryptoNight as well as the new CryptoNightV7 algorithms. The service should add support for the new V7 algorithm by the end of the month, probably before the Monero fork planned to happen later this month. Furthermore a new NiceHash Miner that will bring support for the CryptoNightV7 algorithm should also be available soon, so while the updated POW algorithm will be ASIC-proof you would still be able to rent a lot of GPU hashpower apparently.

Other crypto coins that are using the same cryptoNight proof of work mining algorithm are expected to follow suit and also fork to the new ASIC-proof version of CryptoNight, though it would most likely take them some extra time. There are some coins that have already announced their plans to do a hard fork and follow in the footsteps of Monero (XMR), others are still considering and of course there will be some for sure that will remain on the old algorithm that can be mined using the upcoming wave of CryptoNight ASIc miners. Still going for a CryptoNight ASIC miner at the moment is considered very risky and will most likely cost you much more that you would be able to mine back, though there are no guarantees.

To keep track of the time left until Monero (XMR) hard forks to the new CryptoNightV7…


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