Cryptocurrency mining explained in plain words: mining software and hardware reviews
including ASIC and GPU. Expert opinion on cryptocurrency market and future crypto mining
outlook.
On October 1, Ravencoin was forked. The network got rid of ASICs and greatly improved its mining profitability. As a result, the number of miners on the 2Miners pool has become at least 3.5 times bigger. T-Rex allows you to mine this and other coins with Nvidia GPUs. Let’s get into it.
For the last couple of weeks, Ethereum has been under fire. While the project developers are trying to find ways to lessen the network load, Ethereum has to deal with the excessive volume of transactions. It leads to an increase in mining fees and elevated transaction costs. Vitalik has come up with the solution, but it doesn’t work yet. Nervos Network has set up an ambitious goal to fix Ethereum and Bitcoin blockchains. Let’s get into it.
Ravencoin was created by Game of Thrones fans. They named their project after ravens which in the fictional world of the show serve as messengers of truth. The show ended, but the blockchain project goes on. Moreover, it is forked often in order to stop ASICs from dominating the network. X16Rv2 is not used anymore. The latest RVN algorithm is called KawPoW.
Ethereum Classic appeared in 2016 as a result of Ethereum hardfork. After the DAO attack worth $50 million the community split into two groups. The first group decided not to interfere with the blockchain operation to “cancel the attack” and kept using the old chain, thus creating Ethereum Classic (ETC). Now ETC developers are going to perform a hardfork. Let’s get into it.
Beam has become one of the main discoveries of 2019. The mainnet was launched on January 15. After just one week the Litecoin creator admitted its potential even compared to Bitcoin. Today it keeps working and bringing great profits to miners. This week Beam has joined the 2Miners pool, so let’s get into it.
Cryptocurrency mining is a profitable business. If you want to join the private club of crypto millionaires, you’d better get started right now. Today we will talk about mining on PhoenixMiner.