Posts Tagged ‘Ravencoin

The Ravencoin Dev team has now confirmed the upcoming algorithm changes to the new X16Rv2 algorithm planned to happen on Tuesday October 1st 2019 at 16:00:00 UTC. The new X16Rv2 will have the algorithm Tiger into three separate parts of the current X16R algo with the Tiger hash performed before the algorithms Luffa512, Keccak512, and SHA512. A new build should be made available this week or at the beginning of the next (version 2.5.0) that will have the algorithm switch in it. The new build will also be fixing some bugs, and adding some improvements into the Ravencoin Core Client. It is recommended that all users/nodes update to 2.5.0 as soon as it becomes available even though there is more than a month before the algorithm switch. Meanwhile GPU miners interested in continuing to mine RVN with the new X16Rv2 algorithm should monitor heir favorite mining software as support for the new algo is being announced in upcoming updates…

As it was recently announced Ravencoin (RVN) has released a whitepaper and a roadmap regarding the future of the project, something that a lot of users were eagerly anticipating. The whitepaper titled Ravencoin: A Peer to Peer Electronic System for the Creation and Transfer of Assets gives a bit more details as to what the project is intended to be used for, namely as a platform for transfer of assets or tokens. The Ravencoin Roadmap on the other hand gives a bit more technical details about the upcoming features as well as a bit of information when to expect them such as “The expected release of asset capabilities will be approximately seven months after the release of RVN. Raven will be extended to allow issuing, reissuing, and transfer of assets.” Both documents are still a bit short on details and information, but they cover the base things as RVN is still a work in progress project. So if you have been following the RVN project and were interested in it, then you might want to take a look at the latest updates.

To keep a track of the discussion about Ravencoin (RVN) latest updates on Bitcointalk…

RavenCoin (RVN) seems to have appeared out of nowhere for many people and there are still quite a lot of miners that are not aware of this potentially interesting crypto coin. Ravencoin is being described as “a use case specific blockchain designed to carry statements of truth about who owns what asset” and there is still a low unknown about the project. The interest in RVN however keeps growing and more people are getting interested in it and are starting to mine it and as a result the network is growing. You can keep track of how things move on on the useful Ravencoin Statistics website and how the network is progressing over time. The recent announcement that the Ravencoin roadmap and accompanying paper will be published on April 3 have further helped to increase the interest as currently there is just a short White Paper regarding the new X16r algorithm used by the coin.

Up until recently Ravencoin (RVN) was not traded on any exchange and was moved only as OTC sales and that is one of the reasons why the coin remained widely unknown for a while after its initial launch. Recently the decentralized exchange Crypto Bridge has added trading of RVN and that has helped move things further and help miners get more interest as they could easily sell coins. If you are interested in the profitability and are interested in just short term profit there is a useful RVN mining calculator that can give you an idea on how may coins you can mine and what profit you can expect. It can be useful for long term mining and holding as well as you can get an idea with what GPU mining hardware how many coins you can expect to mine, even though short term profitability does seem to be pretty good at the moment.

There is always a risk with new coins, especially when they tend to be more cryptic and not fully transparent at the beginning regarding what they are about and what their future plans are. So there is risk with Ravencoin (RVN) as well at this point as there are still a lot of unknowns, but higher risks do seem to pay out well if things tend to turn out for the better.

For the AMD X16r sgminer fork for Raven (RVN) Mining…
For the Nvidia X16r ccMiner Enemy 1.03 fork for Raven (RVN) Mining…


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