Posts Tagged ‘RandomX crypto’

Dynastycoin (DCY) is Another RandomX Crypto Project

10, May 2020

Dynastycoin (DCY) is another crypto project that has forked to RandomX, initially started a couple of years ago and targeted towards Italian crypto users. Originally a CryptoNight coin when project was conceived, Dynastycoin (DCY) has apparently forked to RandomX near the end of last year around the time Monero has switched to the new algorithm as well. The fact that the project has been targeted towards a specific user base has resulted in limited popularity among non-Italian users. One of the reasons that we have discovered the project just recently as well, so if you are looking for alternative RandomX-based crypto coins you might want to check the coin out. The project hovers around the 1000th place on CoinMarketCap, however the daily volume seems really low as the coin is listed on just a few some smaller crypto exchanges and apparently trading users that are into DCY are now very active.

We remind you that mining RandomX is done mainly on CPUs, there are GPU miners available, but performance is very low compared to CPU mining as the algorithm is designed to be CPU friendly. Owners of AMD’s latest generation Ryzen processors have performance advantage over Intel CPUs as far as RandomX is concerned. Other than that the more CPU cores you have, the better performance you should expect to get with RandomX mining.

– For more information about the Dynastycoin (DCY) RandomX crypto project…

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

Monero (XMR) to Hardfork to the RandomX Algorithm on November 30th

27, Sep 2019

Monero (XMR) will be once more changing its PoW algorithm for mining in an effort to attract regular miners CPU/GPU miners and drive away FPGA/ASIC miners. Testing on the private RandomX testnet has concluded successfully and RandomX PoW mining will move to public testing on the XMR testnet later today. There is quite some time left before the fork happens though, it is scheduled for block 1978433 that should hit sometime on November 30th, so there is time for you to get familiar with the new RandomX algorithm by then. If you are interested in checking out the performance of your CPUs, then you might want to check the official RandomX Benchmark app (link for download below). There is also a not so optimized OpenCL miner available that works on both AMD and Nvidia GPUs available as well, though performance might be disappointing compared to that of higher-end CPUs at this point.

It is interesting to note that the RandomX algorithm apparently favors CPU mining due to its design even GPUs might not do so well initially with it, though we are probably going to see better optimized GPUs miners soon enough. All in all this might make CPU mining attractive to miners around the fork date, though there are other factors to take into account as well, so we will have to wait and see. AMD’s Ryzen CPUs are doing particularly good in the initial benchmarks of the RandomX algorithm as it is already being used by the new project Epic Cash (EPIC). You can see that the AMD Ryzen 9 3900X is doing particularly good in terms of performance with its big number of cores and low power consumption, though it is also an expensive and still hard to find product.

– To download the RandomX Benchmark CPU app (Windows and Linux)…
– To download the XMRig CPU miner with RandomX support (Windows and Linux)…
– To download the RandomX OpenCL GPU miner (Windows only)…


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