Weekly News Digest (19.11-26.11)

New week news is coming for you! Check our fresh digest and don’t forget Minerall.io — your guide to the world of crypto news. And this is what happened in the world last week:

More millions for BHEX

The BHEX project has attracted more than $ 15,000,000 and will be launched in the coming days. Open source and large market players in the form of participants offer hope for success. Read more

39% up for Factom

Factom rises against the backdrop of the collapse of the cryptocurrency market immediately after the listing on Coincheck. Read more (Russian source)

Hello, Crypto-Ohio!

Ohio ahead of all States: taxes for bitcoin. Read more

New level down for BTC

Bitcoin broke the bottom, although it was predictable: -36% and the lowest cost since 2013. Read more

Panic at the miner’s disco

The hashrate at minus 600,000 from mid-November and the global shutdown of miners. How and why — read more.

That’s all, folks! See you next week at the Minerall.io!

Evolution of Mining — Part 2: The Age of Video Cards

We started a tour for the past of mining last week and this week Minerall.io will continue flashback story about — the dawn of crypto mining.

The summer of 2010 was a revelation for the market, and mining BTC began to generate income: for 1 bitcoin they gave ridiculous 10 cents (about $5 per block). And once in the industry began to appear those who earn from it, then the technology began to chase his consumers, miners.

Industrial mining was born on July 18, when the miner under the nickname ArtForz launched a farm running on a GPU and extracted the first block using the parallel computing driver OpenCL.

Bitcoin pool: the beginning

At the same time, in September 2010, Bitcoin.cz (aka Slush’s pool), the first cryptocurrency pool, was launched. Marek Palatinus, the creator of the pool, is still actively involved in the life of it. By January 2011, the pool gave 10 Gh/s of capacity. Such a speed is now seen as ridiculous, but then the difficulty of Bitcoin mining slightly exceeded 10,000 Hr/s (5,000,000 times less than now).

By February 9, the BTC rate came on a dollar, and by the summer it was already worth $20. During the day, mining brought up to $150,000, and the unit gave $1000.

Rush around mining spurred sales of video cards. By June, the difficulty exceeded 1 THr/s. It would seem that the general fever will not stop. However, the breaking of the MtGox exchange hurt the reputation of cryptocurrency and until the autumn it was all quiet in the mining.

In October (October 7th, 2011), the first fork of the BTC called LiteCoin launched — it was chosen by those who still mine on the CPU. Three years of the video card were on Olympus Mining. Ahead loomed a new jump, the complexity of the extraction of blocks was equal to 3 THr/s by the beginning of 2013.

But we will tell you about this in the next article. See you next week with a Minerall.io retrospective!

Actual hashrate of Minerall.io

Our users often ask a question on the relevance of the pool’s hashrate. Sure, they are interested in its growth. After all, this indicator determines the attractiveness of the mining pool.

That’s why we asked our CTO Valeriy Marshalin this question.

— Why information about Minerall’s hashrate on different resources may differ?

Well, mostly such issue may occur on pool aggregators on a particular coin’s page, you may see different current hashrate on Minerall.io. But it is important to understand that the comparison through aggregators and directly on the site is not objective. On the site of our pool, actual current hashrate is displayed, information is displayed in the last 15 minutes and is updated every 5 minutes. The hash rate of any pool is not stable. We may have some jumps when new miners come to the pool. There are also recessions in case of malfunctions of miners’ hardware.

— Why does this temporary difference exist?

The difference is due to the fact that the aggregators receive information by API, we update the data every 5 minutes. Aggregators are requesting information by API with different frequency. It may be less than 5 minutes or much more. That’s why they get different data to display.

In any case, the actual hashrate comparison should take place in an objective framework. For this — go to Minerall.io more often, you will not go wrong.

How to test pools

This question is important for the main part of miners. Valeriy Marshalin, Minerall.io CTO tells how to not get into a puddle with testing pools.

— How to conduct tests to get a real result?

— Parallel testing (AB test) for two control groups — there is all you need. There are few strict rules to do it. Pools must be:

1. on the same equipment;
2. in the same volumes;
3. at the same time — in parallel (due to a possible change in profitability associated with a change in the complexity of the network over time);
3. The optimal test time depends on the method of payments on pools: (consider the two most popular) PPS and PPLNS from 2 weeks — to smooth out the unstable indicator of varnish on pools.

In addition, it is necessary to understand that PPS pools can easily manipulate data, such as adding coins. So, according to their plan, pools protect themselves from hoppers. We haven’t explored the direction of PPS and PPS +, therefore we don’t consider such a test.

— What is the difference between PPS + and PPS?

— Each pool makes its own calculus and puts its own concepts. And therefore, PPS+ at different pools can be really different: it can be “pay per share” and something else plus. And this is something that may differ on different pools. All consider the method of payment in their own way (their rules for each pool).

— Can we compare PPS and PPLNS?

— When you test AB, you can’t stop one of the tests. But to compare an ungrateful business, how can you influence, for example, if the owner of the pool gives a coefficient plus a percentage, how to influence? The longer the gap you take, the greater the likelihood that the pool will cease to donate.

The whole PPS campaign is designed to simplify the life of a miner in terms of planning. He sees how much he gets for today. The approximate amount, it changes during the day. In PPS it is protected, but the nominal margin is fixed.

In the PPLNS concept, the miner doesn’t know how much he will receive — maybe 80 and 140. Why our pool is advantageously used against other pools, this is because everyone who uses the accrual system to the standard value, they use the forecast tied to the average over the network generally. Our platform is not a network average, so the result is higher. All PPS pools try to fit. For the user, this is a guaranteed income and there is no transparent accrual and can attract donate. The system of fines may allow defending against pool hoppers. If we were a pool hopper counting on short rounds. Only for the share they sent.

— What popular delusions exist?

— The main delusion is that miner can compare every pool to another. You can compare the profitability of two pools on the same method by calculating the average size of the block that pool do for a certain period of time. It is important how much money you have on your balance sheet and how much money really came. This is the only way to compare. We can find 1 block instead of 1 THr/s, if we compare then we find 100 blocks with an average of 3 or all 100 blocks are uncle, they also find one of 100 blocks with an indicator of 5. Which pool do you choose?

There is one and only indicator — how many coins on the wallet. Everything else is nonsense. The computing systems are always different. All other comparison methods are not valid!

RavenCoin at the Minerall.io

Another currency appeared in the mining pool Minerall.io — RavenСoin. We chose it from among of others for several reasons:

  • Powerful potential;
  • Low block difficulty;
  • Interesting story.

The RavenCoin project aims to create a secure and convenient cryptocurrency for mass use and fast transactions. New digital currency is essentially a fork of Bitcoin.

The main development priority is the formation of a proprietary X16R hashing algorithm. The founders of RavenCoin strive to make it resistant to ASIC devices and to preserve the availability of mining cryptocurrency on the central processor and video cards.

Compared to Bitcoin, a number of changes have also been made to the technical parameters of the cryptocurrency:

  • block formation speed — 1 minute, which to a certain extent increases the speed of data processing and transactions;
  • the mining reward is 5,000 RVN, the amount is quite large, but acceptable against the background of total emissions;
  • the maximum supply volume is 21 billion — a similar value provides the potential for large transactions, but the user reduces the demand for the cryptocurrency.

RavenCoin developers pay special attention to the publicity of the source data. Due to this, it is emphasized that anyone can take part in the development — all resources and codes are publicly available and can be used to improve the functionality of RVN.

At the user level, we should pay attention to the usability of the created RavenCoin wallet, as well as to the speed of transactions. Based on these factors, the developers are planning to make their cryptocurrency with a demanded mass consumption as a means of payment.

Work also continues on platform tools and the integration of new capabilities based on modern digital developments. On their basis, the founders of RavenCoin strive to make this money not only adaptable to the needs of users but also relevant for use in various fields of activity.

Development prospects

The developers of RavenCoin did not conduct marketing campaigns, did not attract investments through ICO, and at the same time launched a strong cryptocurrency. These aspects are perceived by analysts as extremely positive — users received an almost finished product and the opportunity to participate in its development and support it from the very beginning.

RavenCoin focused on an allowance for blockchain participants to mine in SOLO for the first two months to earn substantial amounts of this cryptocurrency. Later, several pools were formed, which complicated the single extraction of digital money data, making it dependent on electricity prices and the exchange rate.

The future plans of the project developers include not only the optimization and refinement of the technical side of RavenCoin but also the popularization of the project. Despite the lack of marketing campaigns, information on the development is provided in full on specialized resources, ensuring a gradual growth of the user base and, accordingly, the exchange rate of this cryptocurrency.

According to these factors, analysts positively assess the possibilities of long-term and short-term investments in the project. The developers of RavenCoin have proven the seriousness of the approach being implemented and the potential for development, striving to make this cryptocurrency convenient and reliable for decentralized and confidential use.

Weekly News Digest (12.11-19.11)

Minerall.io is on the air with the new release of news from the world of cryptocurrency. This time the news will be incredible — we guarantee.

Bitcoin is falling down

The world of cryptocurrency shakes and Bitcoin for the first time in 13 months broke the minimum. Read more

BTW: interesting point of view about falling of the Bitcoin.

Bitcoin Cash for hard fork 

If you miss it, we remind you: 15 Nov was a hard fork for Bitcoin Cash. What does it mean? Read more

Crypto-ETP from the Alps

Switzerland will launch the world’s first crypto-ETP without any holes and cheezy smells. Read more

Chrome for safety right now!

Google Chrome now has a browser extension for secure transaction. Thank God! Read more

South Korea’s eco-blockchain

 News from Korea: Titan from the energy segment use blockchain for a next-generation micro grid. Read More, if you want to be in the trend of eco-friendly tech.

Hard Fork of  Constantinople is near!

Great news from developers of the Ethereum’s Constantinople: hard fork well postponed next few months. Read more

Stain in tune with Minerall.io! See you next week in a new digest!

How to mine RavenCoin (RVN)

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Please note, that RavenCoin uses the ASIC-resistant algo, so it can be mined only on GPUs.

1. Choose mining hardware

Before getting started, you will need to:

  • Buy mining hardware: graphics cards (GPU) AMD or Nvidia with at least 4+GB RAM. To check the profitability of your hardware, please visit WhatToMine;
  • Connect your GPUs to Windows or Linux compatible PC using PCI slots;
  • Install the latest GPU drivers.

2. Create RVN wallet

To get rewards from mining, you need to have your personal RVN wallet. Here are some popular wallets:

  • Exchange wallet at Binance;
  • Download the latest version for Windows, Linux, or Mac https://github.com/RavenProject/Ravencoin/releases/;
  • Extract the archive and run the «raven-qt.exe» file, wait for full synchronization;
  • Once synchronized, go to File -> Receiving Addresses, and if you don’t have an address, click «New» and create one.

3. Connect miner to the pool

To start mining in the pool, you need to configure your miner. Here are Minerall.io pool settings:

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1530021465731-536da848-ec42″][vc_column_text]URL: pool.minerall.io
Port: 4201
UserName: your username on Minerall.io
WorkerName: name of your worker, optional[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1530021465775-cc87edad-86f8″][vc_column_text]URL: pool.minerall.io
Port: 4201
Wallet: your personal RVN wallet
WorkerName: name of your worker, optional[/vc_column_text][/vc_tta_section][/vc_tta_tabs][vc_tta_accordion][vc_tta_section title=»CCMiner for Windows» tab_id=»1528301420976-2b8bc276-2109″][vc_column_text]

  1. Download latest version from GitHub.
  2. Extract zip files to a folder.
  3. Create a new batch file inside the folder with the miner.
  4. Use settings as follows:

Example for registered
ccminer-x64 -o stratum+tcp://pool.minerall.io:4201 -a x16r -u darthvader.blackminer -p x

Example for anonymous
ccminer-x64 -o stratum+tcp://pool.minerall.io:4201 -a x16r -u 0x09ab1303d3CcAF5f018CD511146b07A240c70294.whiteminer -p x [/vc_column_text][/vc_tta_section][vc_tta_section title=»HiveOS (Linux)» tab_id=»1528301421013-6539c24d-a518″][vc_column_text]Settings for HiveOS:

To start mining RVN do the following:

  1. Sing into your HiveOS account.
  2. Go to the Wallets section and add RVN wallet:
    Coin — RVN.
    Address — RVN wallet or your username at Minerall.io.
    Name — worker name.
  3. Go to the Flight Sheets section. In drop-down menus set the following:
    Coin — RVN.
    Wallet — the wallet you’ve added in the point 2.
    Pool — choose Configure in miner.
    Miner — CCMiner with the following configuration:

[/vc_column_text][/vc_tta_section][vc_tta_section title=»Nicehash» tab_id=»1528301860390-0bd1bf89-ef03″][vc_column_text]Algorithm: x16r
Stratum Server: pool.minerall.io
Stratum port: 4201
User: your RVN Wallet or username on Minerall.io
Password: x[/vc_column_text][/vc_tta_section][/vc_tta_accordion][vc_column_text]

4. Track your stats

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1530021241711-7a15bfb7-3e17″][vc_column_text]Log in to your account and then go to the Dashboard section.[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1530021241750-ed338b63-3d53″][vc_column_text]Go to the Miner Stats page and enter your RVN address to the search box.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][vc_column_text]

5. Get rewards

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1530021324004-06824307-3a96″][vc_column_text]You will mine on the pool’s common RVN wallet and then withdraw rewards to your personal wallet from Minerall account.[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1530021324090-5118a5c5-649c»][vc_column_text]You will receive auto payouts to your personal RVN wallet once per day.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][/vc_row]

How to mine Ethereum Classic (ETC)

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1. Choose mining hardware

Before getting started, you will need to:

  • Buy mining hardware: graphics cards (GPU) AMD or Nvidia with at least 4+GB RAM. To check the profitability of your hardware, please visit WhatToMine;
  • Connect your GPUs to Windows or Linux compatible PC using PCI slots;
  • Install the latest GPU drivers.

2. Create ETC wallet

To get rewards from mining, you need to have your personal ETC wallet. Here are some popular wallets:

Check the full list of supported wallets at https://ethereumclassic.github.io/

3. Connect miner to the pool

To start mining in the pool, you need to configure your miner. Here are Minerall.io pool settings:

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1530021465731-536da848-ec42″][vc_column_text]URL: pool.minerall.io
Port: 3404
UserName: your username on Minerall.io
WorkerName: name of your worker, optional[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1530021465775-cc87edad-86f8″][vc_column_text]URL: pool.minerall.io
Port: 3404
Wallet: your personal ETC wallet
WorkerName: name of your worker, optional[/vc_column_text][/vc_tta_section][/vc_tta_tabs][vc_tta_accordion][vc_tta_section title=»Claymore ZCash AMD GPU Miner v12.6 (Windows)» tab_id=»1528301420976-2b8bc276-2109″][vc_column_text]

  1. Download latest version from the BitcoinTalk thread.
  2. Extract zip files to a folder.
  3. Open the folder you’ve just extracted and find start.bat file.
  4. Click edit and replace default parameters with minerall.io ones.
  5. Save the file and start
  • epool: pool.minerall.io:3404
  • ewal: UserName.WorkerName (for registered users) or Wallet.WorkerName (for anonymous users)

Example for registered
EthDcrMiner64.exe -epool pool.minerall.io:3404 -ewal darthvader.blackminer epsw x -esm 3 -allpools 1 -allcoins -1

Example for anonymous
EthDcrMiner64.exe -epool pool.minerall.io:3404 -ewal 0x09ab1303d3CcAF5f018CD511146b07A240c70294.whiteminer -epsw x -esm 3 -allpools 1 -allcoins -1[/vc_column_text][/vc_tta_section][vc_tta_section title=»HiveOS (Linux)» tab_id=»1528301421013-6539c24d-a518″][vc_column_text]Settings for HiveOS:

No specific settings needed, as Minerall.io is already integrated into the HiveOS pool’s list.

To start mining ETC do the following:

  1. Sing into your HiveOS account.
  2. Go to the Wallets section and add ETC wallet:
    Coin — ETC.
    Address — ETC wallet or your username at Minerall.io.
    Name — worker name.
  3. Go to the Flight Sheets section. In drop-down menus set the following:
    Coin — ETC.
    Wallet — the wallet you’ve added in the point 2.
    Pool — choose Configure in miner.
    Miner — Claymore Dual with the following configuration: POOL:  pool.minerall.io:3404, WALLET: Your Wallet, PSW: x

[/vc_column_text][/vc_tta_section][vc_tta_section title=»Nicehash» tab_id=»1528301860390-0bd1bf89-ef03″][vc_column_text]Algorithm: DAGGER-HASHIMOTO(S)
Stratum Server: pool.minerall.io
Stratum port: 3404
User: your ETC Wallet or username on Minerall.io
Password: x[/vc_column_text][/vc_tta_section][/vc_tta_accordion][vc_column_text]

Track your stats

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1530021241711-7a15bfb7-3e17″][vc_column_text]Log in to your account and then go to the Dashboard section.[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1530021241750-ed338b63-3d53″][vc_column_text]Go to the Miner Stats page and enter your ETC address to the search box.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][vc_column_text]

5. Get rewards

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1530021324004-06824307-3a96″][vc_column_text]You will mine on the pool’s common ETC wallet and then withdraw rewards to your personal wallet from minerall.io account.[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1530021324090-5118a5c5-649c»][vc_column_text]You will receive auto payouts to your personal ETC wallet once per day.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][/vc_row]

The Maltese Summit has come to the end, but we will be back!

The Blockchain Summit, which took place 1-2 November on the wonderful island of Malta, ended solemnly. Igor Stadnyk brought a carriage of impressions. Minerall.io thanks all the speakers and participants with whom we were able to communicate! Thank you for the wonderful time and invaluable experience — you are real experts and gurus of the blockchain!

BTW: if you didn’t have the opportunity to talk with us at the summit — contact us at support@minerall.io. We are happy to answer any questions you may have.

Weekly News Digest (29.10-5.11)

No news — it’s a good news, but certainly not in the world of cryptocurrency! We have prepared for you a digest of the main news of the last week and we are ready to share it with you!

The son of the head of Google mine Ethereum on Home PC

In an interview that Google CEO Sundar Pichai gave to the Business Insider, shared that his son understands cryptocurrency better than Sundar himself. Read more

Blockchain surpassed cryptocurrency in popularity of queries on Google

The Next Web reports: search engine users are 10 times more interested in technology than Bitcoin and Ethereum. Read more

Ethereum Energy Project Now Powers 700 Households

Project Lition helps German households with a decentralized energy market. Read more

China’s Central Bank Extends Its Regulatory Scrutiny to Crypto ‘Airdrops’

The Chinese authorities are increasingly restricting the blockchain’s decentralization. Read more

The authorities of Taiwan began the fight against cryptocurrency transactions

Such an initiative, according to the government, will contribute to the fight against terrorism. Read more

Bancor announced the start of cross-platform of Ethereum and EOS

Cointelegraph reports that the BancorX project has been successfully launched. Read more

November Is Here – Will Bitcoin Repeat Its 2015 Behavior?

Will there be a new hysteria in the cryptocurrency market in the next 60 days? Read more