It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
The Zano (ZANO) crypto project is relatively new, launched last year, as a hybrid PoW/PoS coin aimed at e-commerce related applications according to the developers with 1 ZANO block reward. The project executed a 1:1 Boolberry (BRR) coin swap, but what seems to be most interesting about it is the fact that it is the first coin to use a ProgPoWZ as a mining algorithm (based on ProgPoW) and as far as we know it is still the only one to use it. Even though it is one of the early ProgPoW-based projects out there it still does not seem to have attracted that much interest from users or have a very large user base. What attracted our attention is the fact that ZANO has just been added to Whattomine and you can track mining profitability easily there, though currently not in the first few in terms of profit.
ZANO can be CPU mined (pointless at the moment) or mined using AMD OpenCL or Nvidia CUDA GPUs and it is also available on MiningRigRentals where you can rent mining rigs offering ZANO hashrate or lease your own hashrate for others to mining ZANO. There is a Progminer fork (source) with support for ProgPowZ as well as official precompiled binaries for CPU, AMD GPUs and Nvidia GPUs and ProgPoWZ has also been supported for a while now by TT-Miner – a closed source miner for Nvidia GPUs with 1% developer fee. Performance wise TT-Miner does seem a bit faster compared to the Nvidia CUDA progminer, 23 MHS (TT-Miner) vs 21.5 MHS (progminer) on GTX 1080 Ti.
ZANO currently hovers a bit below the 500th place according to CoinMarketCap and is being traded on a few smaller exchanges with 4.4 Million USD market cap and almost 1% of that as daily volume at the moment. ZANO is available for mining on two mining pools with almost 95% of the hashrate focused on Lukypool and the remaining hashrate on Fairpool. If you are familiar with ProgPoW mining then mining ZANO should not be much different with its ProgPoWZ algorithm, and even though the two algorithms are not entirely the same you can expecte to get pretty much the same performance as hashrate on both algorithms with your mining GPUs. Just like with ProgPoW here there is also a fairer performance balance between AMD and Nvidia GPUs based on the level of the GPU you have available – lower-end video cards will be slower for both the red and the green camp, while higher-end will be faster – no unfair advantage due to different video memory specifics as the algorithm is actually more GPU intensive compared to Ethash for instance. The following to crypto exchanges offer support for ZANO trading at the moment: Stex, qTrade and Trade Ogre.
ProgPoW or Programmatic Proof-of-Work can be seen as the successor of the Ethash algorithm with enhanced ASIC resistance and while it has been available for a while there hasn’t been that much going around the new algorithm up until recently. The fact that Ethereum (ETH) is considering the switch from Ethash to ProgPoW in the near future has sparkled interest in the algorithm and we may soon start seeing more coins and miners talking about the use of that particular algo. Some of you might remember that Bitcoin Interest (BCI) was the first crypto coin to switch to the ProgPoW a couple of months ago. And while BCI hasn’t been doing that well actually, before or even after the fork to ProgPoW, it is still interesting to note that it was the first to use it and it also provided pre-compiled binaries of the initial miner for ProgPow.
Meanwhile there hasn’t been that much alternative miners up until recently that had support for ProgPow, probably due to the fact that further significant optimizations in terms of performance might not be possible for the available mining hardware. One of the more recent and not very popular yet miners available with ProgPoW support is TT-Miner, a closed source miner with 1% developer fee available only for Windows and working only on more recent Nvidia GPUs. TT-Miner (TradeTec Miner) also supports Ethash, UBQhash and MTP aside from ProgPoW and in our limited experience it has performed pretty good on a variety of Nvidia GPUs.
Another really fresh ProgPow miner that was just made available and that apparently needs more work is Progminer. It is forked from Ethminer and the source is available along with compiled binaries for Windows and Linux, do note that there are separate pre-compiled binaries available for AMD and for Nvidia GPUs, so make sure you download the correct one. This is probably the best miner to go for at the moment for ProgPoW specs wise, unless you have some trouble making it work on your particular hardware as we have encountered some issues already… Feel free to report your issues (if you have) and what performance running any of these ProgPoW miners in the comments below.