Posts Tagged ‘RVN X16Rv2

Back in October Ravencoin (RVN) forked to X16Rv2 as a means to drive away the ASIC miners for the X16R algorithm it previously used. The new algorithm X16Rv2 has helped lower the hashrate and make RVN mining prfotable for mining with GPUs for a bit, but now it seems we are getting back on the road to ASIC miners in the near future for the new algo. The X16Rv2 is apparently getting bitstreams for FPGA miners like the BittWare CVP-13 FPGA with 240 MH/s cited hashrate for the initial release… this is faster than 6x GTX 1080 Ti GPU mining rig with a third of the power usage. The only catch is that the CVP-13 FPGA Cryptocurrency Mining Board is pretty expensive, but unlike ASICs it can be used for a number of algorithms and with future bitstream updates can be much more futureproof. Of course the next step is new ASIC miners coming in the near future for the new X16Rv2 algorithm with Ravencoin getting quite a lot of attention from users.

For more information about the BittWare CVP-13 FPGA Cryptocurrency Mining Board…

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)