Posts Tagged ‘Ravencoin

A few days have already passed since the fork of Ravencoin (RVN) on October 1st that included a change in the PoW algorithm used for mining – from X16R to X16Rv2. As you can see from the network hashrate graph above from Ravencoin Statistics it is still lower than prior he spike from end of Agust/beginning of September. This means that the fork has effectively affected the usage of what seems to be ASIC miners that went operational at the end of August that resulted in more than doubling the hahsrate in just a few days of time. Another sign that there are no more ASIC miners mining and dumping coins is the fairly stable price of RVN after the fork with no selling pressure on exchanges from such miners trying to get rid go the mined coins. As a result RVN is among the most profitable coins to mine for Nvidia GPUs at the moment after the fork, even if the profit is nothing to brag about, pretty much all the rest of the altcoins are doing worse…

Tomorrow Ravencoin (RVN) will be forking at 16:00:00 UTC and the fork comes with a change from the current X16R to the new X16RV2 algorithm and you need to make sure you are ready for the switch. First off you need to make sure that you have the latest Raven Core wallet installed (if you do use a local wallet). Mining pools should be updated already or should make sure they are also ready for the switch of the algorithm before the fork occurs, so nothing to worry about that, just make sure that the mining ports and URLs will remain the same after the fork. You would of course also need to update your mining software, depending on the hardware you use, in order to be able to continue mining wit the next X16Rv2 algorithm after the fork occurs. There are already a couple of software miners that announced support for the X16Rv2, though not all of the ones with X16R support are ready for the new algorithm, below are listed the ones that already support X16Rv2 mining on AMD, Nvidia and CPUs.

Nvidia GPU miners with X16Rv2 support:
z-enemy 2.2 Nvidia GPU miner (1% dev fee)
T-Rex 0.14.4 Nvidia GPU miner (1% dev fee)

AMD GPU miners with X16Rv2 support:
teamredminer v0.5.9 AMD GPU miner (2.5% dev fee)

CPU miners with X16Rv2 support:
cpuminer-opt 3.9.8 CPU miner (free and opensource)

While Ravencoin (RVN) is still yet to fork to the new X16Rv2 algorithm on October 1st we now have a project that already switched to the new algo. Originally the Pexa Coin (PEXA) had to fork on the same date as RVN, but the coin has successfully forked to the new X16Rv2 algorithm earlier then initially planned. Originally the project relied on the X16R algorithm that may not yet have ASIC miners for sure, but there are FPGAs available for it. You might want to check out the PEXA project if you are not familiar with it… it just caught our attention because of the X16Rv2 fork.

Even though the X16Rv2 is already here as used by PEXA and very soon to be used by the much more popular project Ravencoin there do not seem to be much choice for miners with support for the new algorithm. PEXA has posted an unofficial T-Rex 0.14.2 (BETA) builds with support for the X16Rv2 algorithm, you can find the software following the link below, with other popular mining software such as Z-Enemy miner expected to have updates with support in the upcoming days before the RVN fork.

For more details on the Pexa Coin (PEXA) X16Rv2 fork, pools and a compatible miner…


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