Posts Tagged ‘X16RT

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 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…

The latest T-Rex Nvidia GPU miner version 0.14.4 has also introduced support for the new X16Rv2 algorithm, just like the z-enemy 2.2 miner did (the algo that Ravencoin is forking to starting next month). Although the z-enemy miner was technically first with an official release, there was unofficial beta of t-rex 0.14.2 made available by the PEXA project a few days earlier with X16Rv2 support. Do note that you can already test X16Rv2 mining with PEXA Coin on mainnet and not only on pools that have implemented RVN testnet mining with the new X16Rv2 algorightm.

Performance wise it does seem that the T-Rex 0.14.4 miner offers similar or slightly faster hashrate compared to Z-Enemy 2.2 in most algorithm combinations on GTX 1080 Ti after a quick test, though it is best that you compare on your own mining hardware. Also T-Rex has implemented a new command line parameter that enables the miner to automatically switch to a new algorithm at user set fork time (example for RVN: --fork-at x16rv2=2019-10-01T16:00:00). Do note that the T-Rex is a closed source miner software with 1% development fee built-in. Also make sure you have a recent video driver installed (the latest for CUDA 10+ support) as the binaries for both Linux and Windows are available in versions compiled for CUDA 9.1/9.2/10.0.

For more information and to download and try the latest version of the T-Rex miner…


top