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Monero Hard Fork and RandomX: Make CPU Mining Great Again https://minergate.com/blog/monero-hard-fork-and-randomx-make-cpu-mining-great-again/
https://minergate.com/blog/?p=3011
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<span class=”post-date”>February, 15, 2020</span> </p>
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<p><span>Monero (XMR) has successfully hardforked on November 30th, at block number 1978433. The fork has changed the CryptoNightR mining algorithm to the new RandomX Proof-of-Work algorithm. </span><span>&nbsp;</span></p> <p><span>Although the main aim of the upgrade was keeping Monero completely resistant to ASIC mining, thus maintaining the coin decentralized, RandomX has</span><span> essentially moved XMR mining to CPU, which is no less important.</span></p> <h2><span>What is the hard fork about?</span></h2> <p><span>Being one of the top cryptocurrencies by market capitalization, Monero for sure is one of the most popular coins at the moment, not least because of high level of privacy protection and technological advancement. The team behind Monero has continuously put their best effort into keeping XMR mining decentralized.</span></p> <p><span>The previous mining algorithm, CryptoNightR, served the purpose well until the </span><span>first Bitmain ASIC miners for the CryptoNightR were developed. This lead to Monero team developing and implementing the new RandomX algorithm which replaced the CryptoNightR, </span><span>i</span><span>mproving Monero network with special emphasis on its decentralization and operation.</span></p> <p><span>The key pillars of RandomX are the following:</span></p> <ul> <li><span>ASIC miners are removed from the XMR network, along with the issues of botnets and Monero mining malware.</span></li> <li><span>Long Payment IDs are phased out&nbsp;</span>Monero <a href=”https://twitter.com/monero/status/1199053193885495296″ rel=”noopener nofollow noreferrer” target=”_blank”><span>tweeted</span></a><span>:&nbsp; “In addition, we will be phasing out long payment IDs during this scheduled network upgrade.” As a fact, Monero is becoming more privacy-protective, improving its privacy and usability for users.</span></li> </ul> <ul> <li><span>Ten blocks lock time, which is approximately 20 minutes, is enforced for the incoming transactions, increasing privacy for the whole network.</span></li> </ul> <ul> <li><span>Transactions require at least two outputs to improve data protection.</span></li> </ul> <h2><span>Why is it particularly important for CPU miners?</span></h2> <p><span>As the name suggests, RandomX features random code execution as well as memory-hard techniques to discourage ASIC mining. However, ASIC miners are not the only ones affected by the hard fork: the new algorithm is specially optimized for CPU mining.</span></p> <p><span>With the focus on CPUs, Monero developers believe that “the network will become more decentralized and egalitarian in the distribution of block rewards.”</span></p> <p><span>These recent changes are of particular importance for all laptop miners, that have been experiencing reduced efficiency of their mining hardware: for them, RandomX might be a real game-changer.</span></p> <p><span>The RandomX CPU &amp; GPU benchmarks are provided for reference only and may vary depending on variety of factors:</span></p> <p><span><a href=”https://blog.minergate.com/wp-content/uploads/2020/02/cpu.png”><img class=”aligncenter size-large wp-image-3013″ src=”https://blog.minergate.com/wp-content/uploads/2020/02/cpu-1024×281.png” alt width=”600″ height=”165″ srcset=”https://blog.minergate.com/wp-content/uploads/2020/02/cpu-1024×281.png 1024w, https://blog.minergate.com/wp-content/uploads/2020/02/cpu-300×82.png 300w, https://blog.minergate.com/wp-content/uploads/2020/02/cpu-768×211.png 768w, https://blog.minergate.com/wp-content/uploads/2020/02/cpu.png 1159w” sizes=”(max-width: 600px) 100vw, 600px”></a></span></p> <h6><a href=”https://blog.minergate.com/wp-content/uploads/2020/02/gpu.png”><img class=”aligncenter size-large wp-image-3012″ src=”https://blog.minergate.com/wp-content/uploads/2020/02/gpu-1024×404.png” alt width=”600″ height=”237″ srcset=”https://blog.minergate.com/wp-content/uploads/2020/02/gpu-1024×404.png 1024w, https://blog.minergate.com/wp-content/uploads/2020/02/gpu-300×118.png 300w, https://blog.minergate.com/wp-content/uploads/2020/02/gpu-768×303.png 768w, https://blog.minergate.com/wp-content/uploads/2020/02/gpu.png 1158w” sizes=”(max-width: 600px) 100vw, 600px”></a> <span>Source: </span><a href=”https://monerobenchmarks.info/” rel=”noopener nofollow noreferrer” target=”_blank”><span>https://monerobenchmarks.info/</span></a></h6> <p><span>To sum up, RandomX has resulted in significant efficiency gains for CPU miners while drastically reducing the benefits of GPU mining. This is great news for both experienced miners that are not fond of the idea of spending a fortune on specialized hardware and newcomers that are in the very start of their mining career.&nbsp;</span></p>
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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Sat, 15 Feb 2020 09:35:42 +0000 MinerGate Mining Pool
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https://minergate.com/blog/monero-hard-fork-and-randomx-make-cpu-mining-great-again/
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MinerGate coin list updates https://minergate.com/blog/minergate-coin-list-updates/
https://minergate.com/blog/?p=3008
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<span class=”post-date”>January, 31, 2020</span> </p>
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<p>MinerGate has always been excited to keep its finger on the pulse of the market. We strive to support the most popular coins and to refrain from those that are less demanded by our miners. After thorough analysis, we have decided to stop XMC and BCN pools on February 4, 2020. The mined balance will remain available for withdrawing.</p> <p>We are grateful to both ByteCoin and Monero-Classic teams that have been with us on this exciting journey. The updated information on supported coins is available on MinerGate Service Monitor page.</p>
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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Fri, 31 Jan 2020 21:49:12 +0000 MinerGate Mining Pool
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https://minergate.com/blog/minergate-coin-list-updates/
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MinerGate Exclusive: Interview with the chat moderator https://minergate.com/blog/minergate-exclusive-interview-with-the-chat-moderator/
https://minergate.com/blog/?p=2996
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<span>by</span>
<a href=”https://minergate.com/blog/author/minergate-mining/” title=”Posts by MinerGate Mining Pool” rel=”author”>MinerGate Mining Pool</a>
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<span class=”post-date”>June, 26, 2019</span> </p>
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<img width=”600″ height=”180″ src=”https://blog.minergate.com/wp-content/uploads/2019/06/Blog-Post-107-600×180.png” class=”attachment-post-thumbnail size-post-thumbnail wp-post-image” alt srcset=”https://blog.minergate.com/wp-content/uploads/2019/06/Blog-Post-107-600×180.png 600w, https://blog.minergate.com/wp-content/uploads/2019/06/Blog-Post-107-300×90.png 300w, https://blog.minergate.com/wp-content/uploads/2019/06/Blog-Post-107-768×230.png 768w, https://blog.minergate.com/wp-content/uploads/2019/06/Blog-Post-107-1024×307.png 1024w, https://blog.minergate.com/wp-content/uploads/2019/06/Blog-Post-107.png 1200w” sizes=”(max-width: 600px) 100vw, 600px”>
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<p><span>Recently, we released our very own loyalty token – the <span><a href=”https://minergate.com/minergate-token”>MinerGate Token</a></span>.&nbsp;</span></p> <p><span>It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life.&nbsp;</span></p> <p><span>A few tokens have already been delivered to the most active users as gratitude for their contribution. As well, there have been a lot of questions regarding ‘How can one obtain more/additional tokens?’. Of course more is coming, but currently, there are two ways:</span></p> <ul> <li><span>Trade and exchange them on <span><a href=”https://hitbtc.com/exchange/MG-to-BTC” rel=”noopener nofollow noreferrer” target=”_blank”>HitBTC</a></span>, <span><a href=”https://eosdaq.com/exchange/MG_EOS” rel=”noopener nofollow noreferrer” target=”_blank”>EOSDAQ</a></span>, <span><a href=”https://btex.org/#/trade/155837280176216526″ rel=”noopener nofollow noreferrer” target=”_blank”>BTEX</a></span>, and <span><a href=”https://dexeos.io/trade/?market=eos&amp;code=minergatemgt&amp;symbol=MG” rel=”noopener nofollow noreferrer” target=”_blank”>DEXEOS</a></span>;&nbsp;</span></li> <li><span>Become a voice of MinerGate, e.g., become a contributor.&nbsp;</span></li> </ul> <p><span>The value added by each</span> <span>user is significant, whether it is feedback on social platforms or engagement of new users. But what is appreciated the most is the contribution to consistently making our services better, more prominent, and more welcoming.&nbsp;&nbsp;</span></p> <p><span>To set an example, we reached out to one of our contributors: a moderator of a chat room on our website – @NMR, who implemented an informative bot in our chat rooms, and asked him to share his experience and provide some inspiration for those who would like to engage more in the MinerGate ecosystem. Below is the interview with our faithful moderator:</span></p> <p><b>Q</b><span>: </span><i><span>How long have you been using MinerGate? What do you like most about it?</span></i></p> <p><b>A</b><span>: I started mining with MinerGate a long time ago when cryptocurrencies weren’t so widespread. What I like most about MinerGate is how easy it is to start mining: everything is simple and clear.</span></p> <p><b>Q</b><span>: </span><i><span>What, in your opinion, should be changed or developed in MinerGate?</span></i></p> <p><b>A</b><span>: To make MinerGate more convenient, I would introduce account statistics. These statistics would show such info as how many workers are online and how many are offline at the moment, and how many coins are earned per day.&nbsp;</span></p> <p><b>Q</b><span>: </span><i><span>How did you become a moderator in the MinerGate community? What are your responsibilities and privileges?</span></i></p> <p><b>A</b><span>: I became a moderator because I was an active user and helped other people from the community solve their problems and answered their questions. Being a moderator does not give me any privileges, but it helps me resolve conflicts and inadequate situations.</span></p> <p><b>Q</b><span>: </span><i><span>How did you come up with the idea of introducing a chatbot? What is the main advantage of using a chatbot?&nbsp;</span></i></p> <p><b>A</b><span>: When I analyzed new MinerGate users’ questions, I realized that they are all pretty much the same. So in advance, I prepared answers to these questions that will help in such situations. That is how I came up with this idea. The main advantage of a chatbot is that it can help a user at any time of the day. It would never replace live communication between real people, but it can be an excellent assistant to moderators.</span></p> <p><b>Q</b><span>: </span><i><span>What is the main feature of the MinerGate community? As a moderator, how you can influence the community and MinerGate itself?</span></i></p> <p><b>A:</b><span> For me, it was essential to find not just a pool where I can mine a coin I like, but also a reliable and stable service. If it happens that there’s an issue with MinerGate, the team is always ready to solve it quickly. The other thing I like in MinerGate is the web chat because it improves user coordination on the website.&nbsp;</span></p> <p><b>Q</b><span>: </span><i><span>Recently, you received MG tokens for launching a chatbot as a thank-you for your contribution. Do you already have any plans about how you are going to use them?&nbsp;</span></i></p> <p><b>A</b><span>: MG tokens have only existed for a short time, so all I’m going to do is hold.</span></p> <p><b>Q</b><span>: </span><i><span>What do you enjoy besides mining? What is your hobby?</span></i></p> <p><b>A</b><span>: In my free time, I study new technologies and enhance my programming skills.</span></p> <p><b>Q</b><span>: </span><i><span>What advice would you give to other miners?</span></i></p> <p><b>A:</b><span> A lot of miners don’t want to get into the details of mining because they think it’s complicated. Thus, they lose their interest. I believe that before starting to mine, it’s better to understand the mining process. Then, you will be ready for all the risks and will be able to make profits.&nbsp;</span></p> <p><span>Once more, we’d like to thank @NMR for taking time to be interviewed and for being such a fantastic part of the MinerGate community.&nbsp;</span></p> <p><span>In conclusion, you can always visit our <span><a href=”https://chat.minergate.com/channels/en” rel=”noopener nofollow noreferrer” target=”_blank”>chat room</a></span> if you have questions or are curious about things related to mining and the software itself. There, you’ll find like-minded people ready to help and friendly support.&nbsp;</span></p>
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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Wed, 26 Jun 2019 14:04:10 +0000 MinerGate Mining Pool
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