Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay

Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay

News, Tech
Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.The collaboration is backed by the government of Paraguay, whose goal is to make the South American country a cryptocurrency mining hub.The new center, which is a part of Commons Foundation’s “Golden Goose” project, will help to facilitate the innovation of blockchain technology and cryptocurrencies across Spanish-speaking countries. Bitfury will provide product and technical support for the project.The facilities used for the implementation of the mining center will sit on about 200,000 square meters of real estate, and it will be powered by two hydroelectric power plants — Itaipu, one of the largest power plants in South America, and the Yacyreta power plant. Paraguay is…
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AMD Radeon VII (gfx906) Delivers ~90 MHS Ethash Out of the Box

AMD Radeon VII (gfx906) Delivers ~90 MHS Ethash Out of the Box

Ethereum, News
The new AMD Radeon VII (gfx906) GPUs are about to start hitting the market any moment now with a recommended end user price of $699 USD in USA or 739 EURO in EU. We just got a tip that these new 7nm GPUs from AMD with 16GB HBM2 video memory are able to deliver about 90 MHS for Ehereum’s Ethash algorithm out of the box without any overclock. This is possible with the latest Claymore Dual GPU Miner v12.0, so really out of the box performance very close to the 90 MHS mark for Ethereum. So the new HBM2 memory with 4096-bit memory bus and 1000 MHz (effective 2000 MHz memory clock) seem to be doing quite well for memory intensive crypto algorithms. We are of course still about to…
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How to Mine Beam With Nvidia and AMD GPU

How to Mine Beam With Nvidia and AMD GPU

Guides and Tutorials
How to Mine Beam An Introduction to the Scalable Confidential Cryptocurrency Note: This is NOT a sponsored post. As always, I only recommend you to mine cryptocurrencies that have the potential to become something big. Pumping and dumping is no longer a viable strategy for GPU miners in 2019. Nowadays, it’s all about investing your hashing power in a good project that has future and stick to it long enough to reap the benefits. Beam is one of those coins that might have a bright future, and hence might be good to mine. Let’s take a look at it. What is Beam? To receive the latest updates follow me on social media! facebooktwitterFollowgoogleyoutube Beam is a new crypto that aims to combine scalability and anonymity by implementing innovative solutions and…
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Bminer 14.2.0 With Experimental Cuckatoo31 GRIN Support for GTX 1080 Ti

Bminer 14.2.0 With Experimental Cuckatoo31 GRIN Support for GTX 1080 Ti

Ethereum, News, Tech
The latest Bminer 14.2.0 has just been released with experimental support for Cuckatoo31 (C31) algorithm being used by GRIN for Nvidia GeForce GTX 1080 Ti GPUs with claimed performance of up to about 0.90 G/s on GTX 1080 Ti with stock settings. This seems pretty good, however we are currently unable to make the miner work properly under Windows 10 as we are getting an error about insufficient memory available on device and it seems other people are reporting the same issue (it is experimental support). Do note that GRIN mining support on NiceHash is not yet available for Bminer and that goes for both Cuckaroo29 and Cuckatoo31 algorithms, so you can instead use the latest GMiner for NiceHash. We remind you that that Bminer is a closed source Nvidia…
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Germany: Suspects Arrested for Stealing Electricity in Crypto Mining Operation

Germany: Suspects Arrested for Stealing Electricity in Crypto Mining Operation

News, Tech
German police have reportedly arrested five men and one woman for allegedly stealing electricity for a crypto mining farm. In the German city of Klingenthal, Saxony, police have arrested a group of suspects for stealing electricity to operate a cryptocurrency mining farm, Cointelegraph auf Deutsch reports Feb. 6.Police officers reportedly tracked down a system of 49 computers operating in the premises of former electrical services company PGH Elektro. Since at least 2017, the mining farm has reportedly consumed as much electricity as 30 households, with the damage for the affected electricity supplier estimated to around 220,000 euros ($250,053).Per local news site FreiePresse, 30 of the 49 computers were equipped with special cryptocurrency mining hardware, with a total of 80 graphics processing units (GPUs) installed. During the raid, the police reportedly…
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GMiner CUDA Equihash Miner v1.31 With a Support for Grin’s Cuckatoo31 Algorithm

GMiner CUDA Equihash Miner v1.31 With a Support for Grin’s Cuckatoo31 Algorithm

News, Tech
The latest GMiner version 1.31 brings an important update for everyone interested in Grin mining, namely support for Grin’s Cuckatoo31 algorithm to Windows miners as previously the C31 algo was only available with the official Grin miner for Linux and Mac OS X. Do note that Cuckatoo31 support (Grin31)requires 7.4 GB VRam, will work on 8GB cards under Linux and Windows 7, but will not work under Windows 10. Video cards such as GTX 1080 Ti do work under Windows 10 and should be able to provide about 0.6-0.7 G/s hashrate for C31. The latest update should now work fine with both C29 and C31 for Grin in NiceHash as well as there were some issues with the last few versions and NiceHash in the last days due to changes…
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NiceHash Now With Support for Grin and Lyra2REv3 (VTC)

NiceHash Now With Support for Grin and Lyra2REv3 (VTC)

News
After the recent addition of BEAM (Equihash 150,5) support on NiceHash the service for selling and buying mining hashrate has become more active and has just added two (three) more new algorithms – CuckARoo29 and CuckAToo31 used by GRIN and Lyra2REv3 used by VTC. NiceHash support for GRIN on the software side is still somewhat lacking, with the latest GMiner 1.28 pretty much currently the only available miner for Grin (CuckARoo29) available for Nvidia GPUs under Windows, no AMD Grin miners with proper NiceHash support for now it seems. Lyra2REv3 on the other hand is more widely supported and available already on multiple software miners for both AMD and Nvidia as it was an anticipated fork for VTC, so developers had the time to get ready. An example for a…
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GMiner CUDA Equihash Miner v1.27 With a Fix for NiceHash BEAM Support

GMiner CUDA Equihash Miner v1.27 With a Fix for NiceHash BEAM Support

News, Tech
GMiner has been updated a lot recently with fixes and improvements and the latest version 1.26 is not an exception as it apparently tires to fix the BEAM mining support on NiceHash that has recently been introduced. Initially when NiceHash announced support for BEAM on their platform both GMiner and Bminer seemed to work just fine, however earlier today both miners started having issues with the platform. The problem seems to affect both miners for BEAM only on NiceHash, it does seem to work fine with other mining pools, but on NiceHash you are getting a lot of rejected shares with Bminer and pretty much all rejected n GMiner. The just released Gminer v1.26 apparently tries to fix that and seems to succeed to some point, however after a while…
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New ccminer 2.3.1 from Tpruvot with Lyra2REv3 Support and More

New ccminer 2.3.1 from Tpruvot with Lyra2REv3 Support and More

News, Tech
It has been a quite a while since the last update of tpruvot’s ccminer fork (source), but there it is a new version 2.3.1 available now that comes with support for Lyra2REv3, sha256q, exosis and Blake2b standard algorithms. The official binary is 64-bit Windows only built with CUDA 10 for SM3+ devices, SM 7.5 architecture is also supported, but doesn’t seem to bring any advantage, for others variants you can build from the source code as the miner is opensource. Do note that CUDA 10 support requires an Nvidia video driver version 410.48 or newer. The most notable thing abut the new release is the support for Lyra2REv3 that will soon be used by the Vertcoin (VTC) after the upcoming hardfork expected to happen in less than two days. The…
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Latest Bminer 14.1.0 and NBMiner 14.0 With Massive BTM Improvement on Nvidia RTX GPUs

Latest Bminer 14.1.0 and NBMiner 14.0 With Massive BTM Improvement on Nvidia RTX GPUs

Ethereum, News, Tech
The latest releases of Bminer 14.1.0 and NBMiner 14.0 have announced pretty impressive performance increases regarding Bytom (BTM) mining hashrate on the new Nvidia RTX series of GPUs with up to about 200% boost, so a significant improvement indeed. This essentially makes the RTX series of GPUs the best choice for BTM mining with two to tree times faster hashrates compared to what their older GTX counterparts are able to deliver at the moment. Another new improvement that goes for both miners is the additional performance improvement in the range of about 30% for GRIN mining with hashrates very close for the two miners. Bminer also brings similar performance improvement for Aethernity like for Grin. So make sure you do try them both to see what may work better on…
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