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Posts Tagged ‘VEIL’

Veil to Fork and Change Their Mining Reward Distribution

8, Nov 2019

The VEIL project, a privacy-oriented cryptocurrency, has announced their plans for an upcoming fork to change the way PoW mining works in an upcoming fork. The project launched earlier this year has started with X16RT as a PoW algorithm for mining making 50% of the total block reward and the other 50% is for users staking coins in their wallet. The 50% reward for miners will continue, however it will be split in three different parts in the future with 3 different algorithms in play. Veil miners will have the option to chose to mine using ProgPoW (Programmatic Proof-of-Work) for GPUs that will account for 35% of those 50%, RandomX for CPU mining will represent 10% and the remaining 5% for miners will go to SHA-256D ASIC miners. It is interesting change as prior to announcing these plans the project was anti-ASIC, but now it seems that it is planning to attract all kinds of miners – GPU, CPU and ASICs. Also an interesting fact is that they have chosen to go for multiple algorithms including the much talked about ProgPow to be soon used by Ethereum and RandomX to be soon used by Monero. The fork date is not yet announced and it may take a while before these plans get applied to the mainnet of Veil, so for now the project remains on X16RT as far as mining is concerned.

– For more details about the future plans of the VEIL project regarding PoW changes…

The Latest CryptoDredge v0.22.0 Nvidia GPU Miner With Support for X16Rv2 As Well

2, Oct 2019

The RavenCoin (RVN) fork has been successfully executed and mining with GPUs is back once more with mining profitability of RVN the highest at the moment among GPU-mineable altcoins thanks to no significant change in the price. The hashrate is now about 5 times lower than before the fork, so most likely the presence of FPGAs and even maybe ASIC miners for the X16R algorithm is really significant. Anyway, apart from z-enemy and T-Rex miners for Nvidia there is a third option available now with X16Rv2 support. The new entry is the just released CryptoDredge v0.22.0 that now supports the X16Rv2 algorithm, like with other closed source Nvidia GPU miners, CryptoDredge also comes with a 1% dev fee for the X16RV2 algorithm. Our quick tests have shown that on GTX 1080 Ti the performance of CryptoDredge miner with X16Rv2 is not as high as on the current hashrate leader T-Rex… it is more like similar to that of z-enemy.

– To download and try the latest CryptoDredge v0.22.0 Nvidia GPU Miner…

CryptoDredge 0.20.1 Nvidia Miner With More Improvements and Fixes

3, Jun 2019

Here comes CryptoDredge 0.20.1 and it brings along support for a new algorithm – Argon2d (NIM) algorithm (Dumb mode only), as well as number of fixes and additional performance improvements for MTP and Argon2d. The major version 0.20.0 did not get an official binary release, apparently due to some issues that were addressed in the 0.20.1 that was just made available for both Linux and Windows. The Linux version now also includes a watchdog feature…

Do note that the CryptoDredge miner supports only Nvidia GPUs and is a closed source software that comes with 1% built-in developer fee for all supported algorithms, however the dev fee is 2% currently only for MTP mining (Zcoin), there are binaries available for both Windows and Linux (CUDA 9.1/9.2/10.0).

– To download and try the latest release of the CryptoDredge 0.20.1 Nvidia GPU miner…


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