Mining Ravencoin 2022. Miner setup, RVN wallet, profitability. HiveOS.
Miner setup, RVN wallet, profitability. HiveOS. Guide. Ravencoin mining.
In this article we will talk about mining Ravencoin, in detail, we will take apart how to set up the miner, how to create a wallet, on what video cards it is better to mine, as well as dilute the guide some interesting features of the coin RVN and its blockchain. What is Ravencoin. The Ravencoin (Ravencoin) blockchain was launched on Bitcoin’s ninth anniversary as its fork on January 3, 2018. Its program code is open, there are no masterminds, and no ICO fundraising was used for the launch. That already hints at the honesty of the developers. Blockchain Ravencoin serves to confirm the fact of ownership of certain assets. The developers purposely used the word “Raven” in the name of the coin, which has a reference to the “Game of Thrones” series, where the raven is a messenger of truth. For example, Baelish would not have been able to sow enmity between the Houses of Stark and Lannister with Catelyn’s letter in the first episode. It is possible that blockchain could have saved Ned’s life. The official website of the project is https://ravencoin.org
Features of Ravencoin.
The blockchain of this coin is very similar in operation to the Bitcoin blockchain. The main differences from Bitcoin: The size of the reward for the found block of information is 5000 RVN; Time to find a block is 1 minute;
The number of coins is limited to 21 billion; Works on the KawPoW mining algorithm. Unique characteristics and advantages of Ravencoin. The software code in the decentralized network has protection from ASIC-mainers, which removes the possibility of the threat of centralization. There was no divorce with the extortion of funds from users at the start of the project, no pre-mining or ICO action was used. The developers do not take a percentage of the issue from the miners and do not hold a coin fund. RVN can be mined on any even weak AMD or NVIDIA video card. The main requirement for a video card is at least 4 GB of RAM. Ravencoin exchange rate. Get more accurate information about Ravencoin cryptocurrency rate, as well as view the schedule and the number of trades you can on the largest exchange Binance. Ravencoin Wallet. There are many cryptocurrency wallets for RVN, there are for mobile devices, for Windows, MacOS and Linux, even paper wallets that can be printed out. For RVN mining, it is best to use an exchange wallet, so that it is more convenient to exchange coins to the same fiat immediately for withdrawal, or transfer to the same Bitcoin and Ether to invest in them at the best rate. To create a Ravencoin wallet, you need to register on the Binance exchange (the largest crypto exchange, by the way), get verified and go to the “Fiat and Spot” section of the wallet, find RVN in the list and click on “enter”. There is absolutely no need to use cold or hot wallets if you do not want to use transfers. The only wallet program I use on my PC is Electrum, where I keep some amount of Bitcoins for the manipulations I need. The only thing that can be really useful is installing the RVN wallet APP application, where you can put some coins and keep them there, if Bitcoin blockchain will be overloaded and lag, you can send some RVN to your friend and thus get out of situation. Ravencoin mining. In May 2020, RVN switched to the new KawPow mining algorithm, eliminating Asics. What is Ravencoin being mined on now? Mining involves those video cards that are no longer capable of mining Ethereum due to a lack of video memory, even though they were bought for that very purpose. As a rule it’s better to build rigs (farms) from the same video chips, or at least from the same brand, i.e. only AMD or only Nvidia. But many of them may have mixed farms, and it is easy to set up RVN mining on them. A list of miners for Ravencoin under the KawPow algorithm: Gminer; kawpowminer; TeamRedMiner; T-Rex; TT-miner; NBMiner. Which pool is the best for mining RVN. The best pool to mine Ravencoin is 2Miners. Moreover, the pool has recently become free for any number of farms running the Linux-based operating system for mining – RaveOS. There is no withdrawal fee, and you don’t have to pay for additional regs. Personally I use this operating system on my office computers, just running mining at the end of the day, but I’ll talk about that a little further in the article. Pool Servers: Europe/Russia: rvn.2miners.com:6060 US: us-rvn.2miners.com:6060 Asia: asia-rvn.2miners.com:6060 HiveON has launched their pool for Ravencoin mining. Advantages: Zero pool commission, Up to four vorkers free on HiveOS. Three simple steps to get free access to Hive OS: Create a HiveOS account, Choose HiveON RVN pool, set up rigs. HiveON RVN pool server: rvn.hiveon.com Ports: 8888, 9999, ssl 7777. Total Ravencoin network (RVN) hash rate. You can see a graph of RVN coin network complexity changes at 2miners.com. At the moment the total hashrate of the network is 4.49 TH/s. Setting up Ravencoin mining. After registering the wallet, you will need to write the config in the BAT file of the miner. In our case, the NBMiner config file for 2Miners pool will look like this: Instead of YOUR_ADDRESS we write the address of the RVN wallet, After the dot, instead of RIG_ID, we’ll write the name of the voter (rig). Use other mining programs except NBMiner for mining RVN, I personally do not see any sense. Here you have a stable hash rate, and a variety of settings, and most importantly support for different types of video cards, both AMD and Nvidia. Naturally, NBMiner unlocks LHR mining limiter for Nvidia RTX video cards better than anyone else.