Altcoin Mining Pool for GPU and ASIC - 2Miners

Vertcoin Mining AMA

What is Vertcoin?

Vertcoin was created in 2014. It is a direct hedge against long term mining consensus centralization on the Bitcoin mining network. Vertcoin achieves its mining consensus solely through Graphics Cards as they are the most abundant / widely available consensus devices that produce a reasonable amount of hashrate. This is done using a mining algorithm that deliberately geared against devices like ASICs, FPGAs and CPUs (due to botnets) making them extremely inefficient. Consensus distribution over time is the most important aspect of a blockchain and should not be taken lightly. It is critical that you understand what blockchain specifications mean/do to fully understand Vertcoin.

Mining Vertcoin

When users of our network send each other Vertcoin, their transactions are secured by a process called mining. Miners will compose a so-called block out of the pending transactions, and need to perform a large number of computations called hashes in order to produce the Proof-of-Work. With this Proof-of-Work, the block is accepted by the network and the transactions in it become confirmed.
Mining is essentially a race. Whoever finds a valid Proof-of-Work and gets the block propagated over more than half of the Vertcoin network first, wins this race and is allowed to reward themselves with the block reward. The block reward is how new Vertcoin come in circulation. This block reward started at 50 VTC when Vertcoin was launched, and halves every four years. The current block reward is 25 VTC.
Vertcoin's One Click Miner: https://github.com/vertcoin-project/One-Click-Minereleases
Learn more about mining here: https://vertcoin.org/mine/
Specification List:
· Launch date: Jan 11, 2014
· Proof-Of-Work (Consensus Mechanism)
· Total Supply: 84,000,000 Vertcoin
· Preferred Consensus Device: GPU
· Mining Algorithm: Lyra2REv3 (Made by Vertcoin)
· Blocktime: 2.5 minutes
· SegWit: Activated
· Difficulty Adjustment Algorithm: Kimoto Gravity Well (Every Block)
· Block Halving: 4 year interval
· Initial Block Reward: 50 coins
· Current Block Reward: 25 coin
More spec information can be found here: https://vertcoin.org/specs-explained/

Why Does Vertcoin Use GPUs Then?

ASIC’s (Manufactuer Monopoly)
If mining were just a spade sure, use the most powerful equipment which would be an ASIC. The problem is ASICs are not widely available, and just happen to be controlled by a monopoly in China.
So, you want the most widely available tool that produces a fair amount of hashrate, which currently manifests itself as a Graphics Card.
CPUs would be great too but unfortunately there are viruses that take over hundreds of thousands of computers called Botnets (they’re almost as bad as ASICs).

Mining In Pools

Because mining is a race, it’s difficult for an individual miner to acquire enough computational power to win this race solo. Therefore there’s a concept called pool-mining. With pool-mining, miners cooperate in finding the correct Proof-of-Work for the block, and share the block reward based on the work contributed. The amount of work contributed is measured in so-called shares. Finding the Proof-of-Work for a share is much easier than finding it for a block, and when the cooperating miners find the Proof-of-Work for the block, they distribute the reward based on the number of shares each miner found. Vertcoin always recommends using P2Pool to keep mining as decentralized as possible.
How Do I Get Started?
If you want to get started mining, check out the Mine Vertcoin page.

Vertcoin just forked to Lyra2REv3 and we are currently working on Verthash

Verthash is and was under development before we decided to hard fork to Lyra2REv3. While Verthash would’ve resulted in the same effect for ASICs (making them useless for mining Vertcoin), the timeline was incompatible with the desire to get rid of ASICs quickly. Verthash is still under development and tries to address the outsourcability problem.
Verthash is an I/O bound algorithm that uses the blockchain data as input to the hashing algorithm. It therefore requires miners to have all the blockchain data available to them, which is currently about 4 GB of data. By making this mining data mandatory, it will become harder for auto profit switching miners — like the ones that rent out their GPU to Nicehash — because they will need to keep a full node running while mining other algorithms for the moment Verthash becomes more profitable — the data needs to be available immediately since updating it can take a while.
Over the past month, we have successfully developed a first implementation of Verthash in the Vertcoin Core code base. Within the development team we have run a few nodes on Testnet to test the functionality — and everything seems to work properly. The next step is to build out the GPU miners for AMD and Nvidia. This is a NOETA at the moment, since we’re waiting on GPU developers which are in high demand. Once the miners are ready, we’ll be releasing the Vertcoin 0.15 beta that hardforks the testnet together with the miners for the community to have a testrun. Given the structural difference between Lyra2RE and Verthash, we’ll have to run the testnet for a longer period than we did with the Lyra2REv3 hard fork. We’ll have to make sure the system is reliable before hardforking our mainnet. So the timeline will be longer than with the Lyra2REv3 hard fork.
Some people in the community have voiced concerns about the fact that Verthash development is not being done “out in the open”, i.e.: the code commits are not visible on Github. The main two reasons for us to keep our cards to our chest at this stage are: (1) only when the entire system including miners has been coded up can we be sure the system works, we don’t want to release preliminary stuff that doesn’t work or isn’t secure. Also (2) we don’t want to give hardware manufacturers or mining outsourcing platforms a head start on trying to defeat the mechanisms we’ve put in place.

Links and Resources

· Twitter: https://twitter.com/Vertcoin
· Donations: vertcoin.org/donate
· Join our Discord: https://discord.gg/vertcoin
· Reddit: https://www.reddit.com/vertcoin/
· Official Website: https://vertcoin.org/
· Facebook: https://www.facebook.com/vertcoin
· Vertcoin Talk: https://soundcloud.com/vertcoin-talk
· Youtube: https://www.youtube.com/vertcoin
submitted by Canen01 to gpumining [link] [comments]

ANN - RENESIS - LTME (Long Term Mining Evolution)

ANN - RENESIS - LTME (Long Term Mining Evolution)
https://preview.redd.it/wulcw7lgbhb11.png?width=500&format=png&auto=webp&s=c3aca3a98e0b699d88e99acee4a5dc236c8b39e0
LTME ( Long Term Mining Evolution) With ASIC Resistance Promise hav0k, The Renesis Core

Renesis Specifications:

Algorithm: Renesis Ticker: RESS Whitepaper v1: https://github.com/renesisgroup/whitepapeblob/masteRENESIS-paper.pdf Block Time: 2 minutes Block Reward: Variable. Refer to whitepaper for reward structure. Halving: Yes Doubling: Yes Mined Confirmations PoW/PoS : 60 TX Confirmations: 10 Minimum RX confirmations to forward: 1 Total Coin Supply: 350M for Proof of Work PoS Cap: No PoS Stake Reward: 10% per year Pre-mine: Yes ( First 100 Blocks mined on low difficulty with CPUMiner) Bounties Available: Yes - From Premine Rewards Available for Community Developers: Yes, from Premine CPUMiner Available: Yes - Windows binary & source. NVIDIA GPUMiner Available: Yes ( Reward for fair release of GPUMiner is paid! 50,000 RESS ) AMD GPUMiner Available: No ( Reward for fair release of GPUMiner is > 12,000 RESS ) Renesis New Logo Design Competition: Yes ( Reward of 2000 RESS ) Renesis QT Wallet Theming Competition: Yes ( Reward of 5000 RESS ) Renesis V2 Static Website Design Competition: Yes ( Reward of 7000 RESS ) Renesis public Pool addition reward: Yes (10000 RESS) - First 3 Pools. Renesis Node Hosting: Yes ( Reward of 1000 RESS offered for 1 month of hosting ) Translation Bounties: Yes ( Reward of 500 RESS per translation posted ) Social Media Bounties: Yes ( Connect with us on our channels for information ) ICO: No - Bitcoin Talk ANN for everyone to mine starting 101 block Masternodes: Planned MainNet P2P port: 9775 MainNet RPC port: 9774 TestNet P2P port: 19775 TestNet RPC port: 19774
Renesis Development Team : hav0k - 2 developers Group : The Renesis Group ( Visit www.renesis.io for profiles ) - 7 members Web Site: http://www.renesis.io Block Explorers: http://tx.renesis.io - https://protopool.net/exploreRESS Reddit: https://www.reddit.com/Renesis/ Connections: Discord, Telegram, Slack ( Visit www.renesis.io to connect ) Will have web wallet: No - We believe coins should be safe in your wallets not online. Pools: To be announced after announcement. Exchanges: To be announced.

Pools:

https://cryptopool.party 10000 RESS Reward TX : http://tx.renesis.io/address/RVMNvHD3DFH1CZ9JVijFxiZgKcPLBpteYh
https://protopool.net 10000 RESS Reward TX: http://tx.renesis.io/address/RATQNUpMH7puoByrkBBUWiBVJowno6bGPz
http://www.tera.tn/ 10000 RESS Reward TX: http://tx.renesis.io/address/RFUkDC5dyRQZhH3GkrAhnAUNNQ2tZbTt7w

Nodes:

addnode node1.renesis.io addnode node2.renesis.io addnode node3.renesis.io addnode node4.renesis.io addnode node5.renesis.io ( Node by CryptoHobo. 1K RESS every month . TXID : 1e7a332788bceb23438b783dac172c853804d51443f43a1d68b378447981059f - 22 July 2018 addnode i.crashed.online addnode he.crashed.online addnode it.crashed.online addnode she.crashed.online addnode renesisckko455xx.onion add ( Tor Node )
Terms & Conditions for GPUMiner Releases : Developers must release the mining software + source after brief testing to Renesis Group to claim their reward. The group will immediately upload the GPUMiner with sources on github after mining 2 test blocks and will provide proof to community. If GPUMiner software is released directly to the community then it would fair but there will be no reward for software developers.

Mining:

At the time of announcement, you can mine solo until pools become available. Download the CPUMiner binary or source from github with a wallet https://github.com/renesisgroup/cpuminer-release. Place the renesis.conf in your wallet data directory and (re) start wallet. Run start.bat file inside CPUMiner bin folder to mine Renesis. You can edit the start.bat file to edit the number of threads for mining. If you wish to mine on a pool then use the poolmine.bat file.
Note: Please be advised that the cpuminer.exe can show up as a virus on Windows just like almost all mining software. You can be assured it is not and is labelled as coin miner, CpuMiner (PUA) or malware. Refer to virustotal report here https://www.virustotal.com/#/file/1c90ca293dc016f0d8663f7bab55b5def8f484c21b3dac3dae6f81d0166cc99e/detection . You can safely verify your Claymore and EWBF CUDA miners at virustotal and they will give similar results. If you feel that it has a virus then please do not mine. Virustotal scan for Windows wallet is : https://www.virustotal.com/#/file/4cc5d6977566fc7e254744626d0783b1fc2d1aab15d72a5137c99ef0e91eee46/detection .For questions related to GPUMiner releases, please ask fellow miners or their respective developers when their releases become available for download.
UPDATE: CCMINER Download : https://github.com/renesisgroup/ccminer-renesis Reward of 50000 RESS paid to user A1 on Discord : http://tx.renesis.io/address/RVmFpemzMtbjhG16bjQTGEWv3sTgRVuzWm
Special thanks to mrM4D for his guidelines on CPUMiner build. Cheers to ocminer, mrM4D and Epsylon3 Greets to: SCRIV, RavenCoin for their game changing innovations and ASIC resistance commitments.

Roadmap:

Phase 1
Renesis Release Development - done CPUMiner Development - done Generate the premine - done Announcement - Underway Community Developers - 3 required and backed by funding from premine. Update: 1st Dev joined the dev team GPUMiners for AMD - Awaited and backed by rewards for fair release by developers. Masternodes Solution - TBA by developers and community consensus and backed by rewards from premine. ASIC Survey - Planned Rensis Hash Enhancement - Planned. TBA under phase 2 or after ASIC Survey Renesis Holdings Fund - Planned
Phase 2 - Next
Good things coming here =) Real use case 1 - Planned Real use case 2 - Planned To be announced after completion of Phase 1
Phase 3 - Planned
Online Gaming - Planned
Phase 4 - Planned
To be announced after completion of Phase 3
submitted by dev_hav0k to Renesis [link] [comments]

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You really want to run the bitcoin full stack :) I am not exactly sure, but you should find on the google titorials about connection those asic miners with your full node. You have a bitcoind an a raspbian/debian linux in the local network .. sound not to exotic. Would appriciate if you share the results of your experiment. Bitcoin Solo Mining Faq - Invertir En Bitcoin Canada. Bitcoin solo mining faq - Invertir en bitcoin canada Have enough hash power to do without a pool. What is Solo Mining How it Works for the miners in the bitcoin. 1 Goto Start> All Programs> Speedcoin Wallet and open Speedcoin Config File. Bitcoin solo mining faq. How to Mine Bitcoin on a Mac ... Low fee Ethereum Classic SOLO mining pool for GPU, ASIC and Nicehash. Fast payments, reliable servers, new block monitoring. Solo mining bitcoin asic. 5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs) How to set up a bitcoin ASIC miner Get Started Bitcoin.com; Welcome to solo.ckpool.org! 6 Best Bitcoin Mining Hardware ASICs Comparison In 2017; 3 Best Bitcoin Mining Hardware ASICs For ... ASIC Bitcoin Mining Software; Bitcoin Cloud Mining Software; Examples of the best Bitcoin mining software for Windows, Mining software for solo or pooled mining. What is the best possible hardware you can use to mine Bitcoins? In this post we cover the top miners on the market for mining Bitcoin. We also conduct live I’ve searched all over bitcointalk for an answer to this question and I ... As a side project I decided to buy a secondhand Bitcoin ASIC, an Antminer S5, and give a shot at solo mining on testnet so that I could generate some coins. Unlike on mainnet, which has so much mining competition that youll probably never find a block, the difficulty on testnet is low enough that solo mining is worthwhile. The following instructions should work for any ASIC that uses cgminer ...

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Solo Mining (PIRL) : 1 week experiment Complete Part 3

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