Posts Tagged ‘Ravencoin fork’

Ravencoin Classic (RVC) is a Fork Off the Ravencoin (RVN) Blockchain

25, May 2020

It seems that there is a Ravencoin Classic (RVC) fork off the Ravencoin (RVN) blockchain that has happened along the last RVN hardfork when the new KAWPOW algorithm has been adopted by Ravencoin. The thing that differentiates RVC from RVN is the fact that the Ravencoin Classic retains the original X16R mining algorithm that has been introduced with the launch of RVN. The idea to fork from X16R to X16Rv2 and then to the KOWPOW algorithm for Ravencoin is to keep RVN GPU mining friendly and to drive away secret FPGA/ASIC miners as such apparently exist for X16R and X16v2 already. Yet the Ravencoin Classic (RVC) fork that retains the original X16R algorithm and is being described by F2pool (the largest pool to support RVC mining at the moment) with things such as “RVC can be efficiently mined with GPU cards” and “RVC cannot be efficiently mined with CPU or ASIC mining machines”. Surprisingly or not the mining profitability with GPUs of RVC with X16R is currently lower for the same hardware RVN with KAWPOW. If you want to learn more about blockchain technology, check out this Youtube Channel.

Now, regardless if you support the Ravencoin Classic (RVC) or not, as with other forks if you had Ravencoin (RVN) in a local wallet, then you will be able to claim your RVC coins at 1:1 ratio to do whatever you want with them. You just need to copy the wallet data file to a new installation of the RVC wallet, make sure you use the datadir command line parameter to use a custom folder for the Ravencoin Classic blockchain data as otherwise it will try to overwrite the RVN data you have available. The RVC wallet should have replay protection already, though it is always wise to first move your RVN coins to a new address before doing anything with RVC, just to be on the safe side! Ravencoin Classic (RVC) is currently being traded only on the Longbit crypt exchange which is an Asian one (switch to English language in the upper right corer of the screen), though it accepts international registrations. It however requires you to go through an identity verification process before you can deposit and trade coins, so have in mind that you need to pass that as well.

– To visit the official Ravencoin Classic (RVC) fork website for more details…

Ravencoin (RVN) Has Successfully Hardforked and Switched to KAWPOW

6, May 2020

Ravencoin (RVN) has officially hardforked and has switched the PoW mining algorithm from X16Rv2 to KAWPOW. If you are running a local Ravencoin wallet you need to make sure that you have the latest Ravencoin v4.1.0 release installed. Most mining pools and services supporting RVN have already updated and support the fork, though as usual you should be careful moving coins for a while after the fork just to be on the safe side.

The Mining Rig Rentals service for leasing and renting mining rigs has recently added support for KAWPOW rigs, and so just did the NiceHash hashrate selling/buying service right in time for the fork. It will be interesting to see what will happen and if NiceHash could end up being more profitable than directly mining for Ravencoin with the user attention that the fork is generating already. And although the fork should drive away ASIC miners from the Ravencoin network the NiceHaash support could bring a lot of mining hashrate from GPU users that are not interested in RVN itself, but are in it just for the sake of better profit. AMD GPU miners can mine RVN with the new KAWPOW algorithm only using NBMiner for now at least. Nvidia GPU miners have much more choice for mining software such as kawpowminer, TT-Miner, GMiner, T-Rex, Z-enemy and Bminer. The latest kawpowminer and TT-Miner do not have dev fees, others do have 1% or 2% fee, so while performance is very similar with all of them the difference in terms of development fee can influence the decision you make.

Are You Ready for the Ravencoin (RVN) Fork to KAWPOW Algo

5, May 2020

With just 1 day left until the hard fork of Ravencoin (RVN) to the new KAWPOW algorithm everyone that is planning to mine the cryptocurrency once more should be well prepared. There are already a number of miners supporting the new algorithm available, as well as some test pools where you can test and setup your GPU mining rigs for optimal performance. The Mining Rig Rentals service for leasing and renting mining rigs has just added support for KAWPOW rigs, but NiceHash has not yet added support for the new algorithm, so no massive hash going on and off on the RVN network after the fork. The KAWPOW algorithm is a variation of ProgPow and the available miners are offering very close performance, so the deciding factor in choosing should be what you are more familiar with and what works better for you (has less fee, or no dev fee at all, is open source or not etc.). Users with Nvidia GTX 1080 Ti might benefit the most from the new algorithm to be used by RVN, AMD owners with one of the most popular Radeon RX 480/580 GPUs might not be too happy whit the hashrate they will be getting (about half of the GTX 1080 Ti). KAWPOW is more GPU intensive and not affected by the video memory that much, so the more powerful the GPU, the higher the hashrate.

AMD Radeon users are significantly limited in their choice of mining software for the KAWPOW algorithm at the moment as there is essentially just one option available – the closed source NBMiner with 2% dev fee for KAWPOW that also supports Nvidia GPUs. The only opensource miner with no dev fee is the official kawpowminer that only works with Nvidia GPUs for the moment, though AMD support will hopefully be also added. The other KAWPOW miners are all closed source and work only on Nvidia GPUs for the moment, these are GMiner with 2% dev fee, T-Rex with 1% dev fee and TT-Miner with 1% dev fee. Our preferred choice out of these miners at the moment is T-Rex for Nvidia GPUs, though we are still waiting to also see an updated release of the z-enemy miner, so our preference may change in the future. We are also hopefully soon going to start seeing some additional optimizations to help differentiate performance from different miners at least a bit more…


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