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Thanks to the massive implementation of ASICS, cryptocurrency mining is getting more centralized by the day. Today, only few popular algos remain free from ASIC miners with Equihash being one of them.
This issue is discussed a lot and eventually a team of programmers have decided to create an algo that would be easier to mine with a CPU/GPU than with an ASIC. This is how Ravencoin was born and launched January 3rd 2018.
It relies on its innovative anti-ASIC X16R algo, its active community and an open-source code that makes it possible for the community to contribute to the project.
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What Makes Ravencoin ASIC-Resistant?
Ravencoin is basically an enhanced version of Dash. It uses a modified version of the X15 algo that allows it to be ASIC-resistant.
Back in the day, it was thought that Dash was immune to ASIC mining too. The X11 algo is in fact an intricate chain of hashing algorithms (such as cubehash, shabal, echo, blake, sha512, etc), making it impossible for a traditional ASIC to mine X11. That being said, some dudes in China have managed to create a multi-algo system that was tailored to mine X11, thus creating the first Dash ASIC.
Ravencoin developers have studied the case of Dash and have managed to find the weak spot of the X11 algo, which is in the fixed order of the hashing algorithms. This led them to develop the X16R that features a randomized chain of hashing algos. Because of that, the X16R is now easier to mine with a GPU/CPU than with an ASIC:
The hashing algorithms are the same proven algorithms used in X15 + SHA512, but the ordering is changed based on the hash of the previous block. This reordering does not make an ASIC impossible to build, but it does require that the ASIC adapts to additional input, which is more easily accomplished by a CPU or GPU.RavencoinYou can read the whitepaper to have a better understanding on how exactly that works.
Best Mining Hardware for Ravencoin
- GPU: GTX 1060 6GB (6.5 Mh/s) , GTX 1070 (9-10 Mh/s), GTX 1080Ti (16-20 Mh/s)
- Motherboard: ASRock H81 PRO BTC R2.0
- CPU: Intel Celeron G1840 Processor
- RAM: Kingston HyperX Fury 4GB 1333MHz DDR3
- PSU: for GTX 1060 2x Corsair 650W, for GTX 1070 2x Corsair 750W, for GTX 1080 Ti 2x EVGA 1000w GQ
- SSD: Silicon Power 120GB SSD
- Dual PSU Adapter: ADD2PSU Multiple Power Supply Adapter
- USB Risers: VER 008S, 6-Pack
- Frame: http://1stminingrig.com/product/aluminum-mining-rig-open-air-frame/
- ready made mining rigs: http://1stminingrig.com/product/1stminingrig-g6-power-mining-rig-nvidia-gtx-series/
How to Mine Ravencoin (RVN) with GPU / CPU
The team tries to be as transparent as possible, which is why they’ve decided to avoid launching an ICO. The coin can be mined either solo or in pools, though solo mining is no longer recommended. In brief, anyone can start mining the coin anytime they want. Let me show you how to get started:
How to create a Ravencoin (RVN) wallet
- Exchange wallet, good to have if for trading/selling etc.., create an account here: CryptoBridge
- Download latest wallet for windows, mac or linux https://github.com/RavenProject/Ravencoin/releases/
- Extract archive contents and run “raven-qt.exe” and wait for full sync
- Once synced go to “File” -> “Receiving Addresses“, if there is no address then click “New” and create one
- Copy the address, we will use it later
Here are the results of my tests with AMD and NVidia GPUs:
Before to continue further, please share this thanks!
How to Mine Ravencoin with AMD GPU
Drivers (latest): https://support.amd.com/en-us/download/desktop?os=Windows%2010%20-%2064
First of all you will have to download sgminer for x16r algo, below you can find precompiled and default versions
- 1stMiningRig’s precompiled sgminer x16r: https://mega.nz/#!F8gXXB7Z!-Heul7HgKjsZTwpOtucrLX6FEzrHpdZ0eEbhOTIq1yo
- Source release: https://github.com/aceneun/sgminer-gm-x16r/
- Download Visual C++ Redistributable for Visual Studio 2017 x86 and x64 versions: https://support.microsoft.com/en-us/help/2977003/the-latest-supported-visual-c-downloads
 VERY IMPORTANT: Do note that my AMD tests was made using blockchain cumpute drivers and modded bios, i have seen slightly better performances with default BIOS and clocks using the same settings.Â
AMD
RX 470 4GB- Hashrate: 5.7 Mh/s
- Clocks stock
- full review: Sapphire RX 470 Nitro+ OC 4GB
- Hashrate: 6.2 Mh/s
- Clocks stock
- full review: Sapphire Nitro+ RX 570 4GB
- Hashrate: 5.7 Mh/s
- Clocks stock
- full review: Sapphire Nitro+ RX 580 4GB
- Hashrate: 6.8 Mh/s
- Clocks stock
- full review: Sapphire Nitro+ RX 580 8GB
Nvidia
How to Mine Ravencoin with Nvidia GPU
Again you will have to download sgminer for x16r algo, below you can find precompiled and default versions
- 1stMiningRig’s precompiled nevermore/0.1: https://mega.nz/#!QtgWTLLa!UrDNvQpOU0_5BlKK-Ps2zxXVnKwrekTaM-FrNlcKaZw
- 1stMiningRig’s precompiled ccminer/enemy-1.03: https://mega.nz/#!khBCHA4Q!hlhkl-9gN4MN_evTuYczsM5TB9pD99ApJ3cmKDm6VTU
- Download Visual C++ Redistributable for Visual Studio 2017 x86 and x64 versions: https://support.microsoft.com/en-us/help/2977003/the-latest-supported-visual-c-downloads
Tests say that nevermore/0.1 performs with 20% better, i recommend to try them both My benchmarks are made with ccminer/enemy-1.03 only. Don’t forget to play with intesity.. try with 19,20 and 21.
I will update the hashrates very often.
GTX 1050 Ti 4GB
- Hashrate: 5 Mh/s
- Clocks +150/-502
- Power Limit 75
- full review: MSI GTX 1050 Ti 4GB
- Hashrate: 7 Mh/s
- Clocks +150/-502
- Power Limit 75
- full review: MSI GTX 1060 3GB OC
- Hashrate: 6.7 Mh/s
- Clocks +100/-502
- Power Limit 75
- full review: Gigabyte GTX 1060 6GB
- Hashrate: 10 Mh/s
- Clocks +150/-502
- Power Limit 65
- full review: Gigabyte GTX 1070 8GB
- Hashrate: 11 Mh/s
- Clocks +150/-502
- Power Limit 65
- full review: Gigabyte GTX 1070 Ti 8GB
- Hashrate: 20 Mh/s
- Clocks +150/-502
- Power Limit 65
- full review: MSI GTX 1080 Ti 11GB
- Hashrate: 18.5 Mh/s
- Clocks +150/-502
- Power Limit 65
- full review: ASUS Strix GTX 1080 Ti 11GB
GTX P104-100
- Hashrate: 10.5 Mh/s
- Clocks +150/-502
- Power Limit 65
- full review: Gigabyte GTX P104-100 4GB
Before to continue further, please share this thanks!
CPU
- Windows: 1stMiningRig’s precompiled cpuminer-multi-rel1.3.3-x64: https://mega.nz/#F!RgRnnALA!ILdMJ3w1yKQ19-IattyvCQ
Intel i7 4790K
- Hashrate: 140 Kh/s
- Threads 6
Follow the project here:
- Discord: https://discord.gg/5vcgqrZ
- Twitter: https://twitter.com/ravencoin
- Bitcointalk: https://bitcointalk.org/index.php?topic=2752467.0
- Timeline: https://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1NKsWx5sSG90GjbbwZaOav6D_bAOdnlBjPBAjJtZzXr4
- Network Progress: https://www.rvnstats.info/
Let me know your hashrate results, join my Discord server https://discord.gg/kCqTmAB and send me a message
In Conclusion
Ravencoin seems quite an interesting mining option. I wouldn’t configure all of my rigs to mining it, though I’m definitely dedicating some hashing power to it. I hope you’ve found this guide useful.
Buy Ravencoin Mining Rig!
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Thank you for reading. As always, your comments, suggestions and questions are welcome.
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NEED HELP WITH YOUR RIG? CLICK HERE!The post How to Mine Ravencoin (RVN) with AMD / Nvidia GPU and CPU appeared first on 1st Mining Rig.
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