Posts Tagged ‘X16R mining’

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…

Placeholders (PHL) – A New X16R Crypto for Decentralized Marketplace for Distributed Computing Resources

18, Dec 2018

There is a relatively new ambitious project called Placeholders (PHL) that is aiming to create a Decentralized Marketplace for Distributed Computing Resources to serve as an alternative to Google Cloud and Amazon Web Services. Placeholders’ blockchain utilizes the so called “artifacts” as placeholders, which is custom data stored in the blockchain to enable complex computing operations. These complex computing operations will be provided by Placeholders wallet users who rent their local computing resources (CPU/Hard-drive/RAM) to buyers who are willing to pay in PHL for the resources to be utilized as a virtual private server (VPS) in the cloud. Do note that as usual with new projects that do not yet have a full working platform for what they are promising to be delivered there is a risk involved!

Placeholders is a work in progress that seems to be forked from Ravencoin (RVN) using the same algorithm for mining the PHL coins that will be used by the project’s decentralized marketplace for payment for the distributed computing resources, though it seems that a different algorithm was used for a while before forking to X16R. The project has just recently been started, so the full functionality for the platform is far from ready, though it does seem promising if the team manages to implement their plans in reality. The block reward for mining is 5 PHL, decreasing emission over time to limit inflation, halving after first 90 days and then the emissions will be reduced every 90 days at decreasing rate throughout the future of the blockchain. The maximum supply for the Placeholders is 10,500,000 PHL with no pre-mine, dev-fee or something like that and the coin is already listed on an exchange for people not interested in following the project development over time, but just want to be mining and selling the coins. If you are looking or an exchange for trading PHL coins, then you can try Crex and qTrade.

– For more information about the Placeholders (PHL) project check the Bitcoitalk announcement…


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