NiceHash Has Added Support for the MTP Algorithm Used by ZCoin

NiceHash Has Added Support for the MTP Algorithm Used by ZCoin

News
Another new addition of algorithm by the NiceHash platform for selling and buying hashrate for various crypto algorithms with ZCoin’s MTP algorithm now supported by the service. Unfortunately sellng your hashrate for MTP on NiceHash is only possible on Nvidia with their latest NiceHash Miner Legacy 1.9.0.15 or you can just download the bin_1_9_0_15.zip and extract just the ccminer_mtp folder and use the ccminer fork from djm34’s MTP miner with NiceHash support (the original version from djm34 does not support NiceHash). Unfortunately no other miner currently supports the MTP algorithm on NiceHash for the moment, that covers both the latest WildRig Multi for AMD that has MTP support temporary removed, though it should be back, not the sgminer Fork With MTP Support From djm34. The latest CryptoDredge 0.17.0 miner that…
Read More
Mining Zcoin (XZC) with the New MTP Algorithm on AMD and Nvidia

Mining Zcoin (XZC) with the New MTP Algorithm on AMD and Nvidia

News, Tech
Zcoin (XZC) has recently switched to a new algorithm called MTP as a means to be ASIC-resistant, it is a new algorithm and mining software is still being developed, but there are already miners available for CPUs (not that useful anymore) and GPUs – for both AMD and Nvidia. If you are interested in trying out to mine Zcoin you should be aware that the algorithm needs more memory, both on the GPU (4 GB VRAM on the video cards as minimum) as well as on the mining rig where 8 GB plus is a must have preferably 16GB for 6-8 GPUs. Also you should note that miners are still being optimized, so performance and stability can be further improved and you can expect to have some issues at this…
Read More
Bitcoin Mining causes as much CO2 per year as 1 million transatlantic flights

Bitcoin Mining causes as much CO2 per year as 1 million transatlantic flights

Bitcoin, News, Tech
Thanks to the proof-of-work algorithm, Bitcoin is extremely energy-intensive. The mining of the cryptocurrency consumes about as much energy a year as the whole of Austria. Bitcoin is also extremely ineffective compared to other payment methods such as Visa. In the proof-of-work algorithm, the miners have to solve a mathematical problem. This is so heavy that all miners only find a solution together about every 10 minutes, which then mimics a new block in Bitcoin. This block then writes all transactions that have passed since the last block. The block is then appended to the blockchain and is therefore no longer changeable. Miners are currently getting 12.5 bitcoins per block to mine. In addition, they receive the transaction fees of all transactions written to the block. While the transaction fees…
Read More
NiceHash and Excavator Now With Support for the X16R Algorithm

NiceHash and Excavator Now With Support for the X16R Algorithm

News
The X16R crypto algorithm introduced by RavenCoin (RVN) is getting more widely supported now that NiceHash has added support for users to sell and purchase X16R mining hashrate. Alogng with the support on the website for X16R the Excavator Nvidia GPU miner software developed by the service and also a part of their NiceHash Miner software also got support for the X16R algorithm. Apart for the new support of the X16R crypto algorithm, the Excavator miner also supports the following algorithms on more recent Nvidia GPUs: equihash, pascal, decred, sia, lbry, blake2s, daggerhashimoto, lyra2rev2, keccak, neoscrypt, cryptonightV7 and lyra2z as well as three dual mining modes: daggerhashimoto_decred, daggerhashimoto_sia and daggerhashimoto_pascal. Do note that the Excavator miner is a closed source miner available as a binary for Windows and Linux… –…
Read More