ASICs have long been widely opposed in the crypto community due to the fact that it goes against the very core fundamental of crypto sphere i.e. Decentralization. Crypto currencies like Bitcoin, Litecoin etc. may have achieved that very goal but the way they are mined has in a way centralized the hash power to a few people with only one major manufacturing base that is China. This in turn has led the crypto community to resort to more ASIC resistant altcoins. These coins use algorithms that are ASIC proof and their numbers are growing by the day. Some are outright scam and some are shady but in these muddy waters one project that stands out is the RAVEN Coin. So, in this post we will give a brief overview of
- Why RAVEN coin stands out?
- Most profitable way to mine Raven coin
RAVEN Coin : A Brief History
Ravencoin (RVN) is the brainchild of Bruce Fenton, organizer of the Satoshi Roundtable, board member of Medici Ventures and the Bitcoin Foundation. Announced in October, 2017 at MIT, Ravencoin is the first coin to use the ASIC resistant X16R algorithm and is a completely Proof of Work(PoW) coin. As the name suggests, Ravencoin’s name pays homage to the Ravens of the fictional world of Westeros and similar to them Ravencoin is a use case specific blockchain designed to carry statements of truth about who owns what assets.
Why Ravencoin stands out?
ASICs may have concentrated the hash power but the answer to them isn’t gullible either. The influx of shady ASIC resistant altcoins didn’t help the situation but this is the very place where Ravencoin differs. Ravencoin has taken some crucial decisions in interest of fair distribution and hence has made a name that will stay in the long future. So let’s list up what differentiates Ravencoin from its competitor altcoins:
1. Old School Transparency
The biggest selling point about Ravencoin is the way it has been presented. Very similar to the mother Bitcoin, Ravencoin had no Pre-mine, no ICO and is as transparent as possible. Every scam shitcoin today usually has pre-mine, staking or masternodes and that is the very things that Ravencoin ignored. This step made the trust in them viable and gave it a strong community support.
2. X16R Algorithm
The x16r algorithm is a very improved and good algorithm specifically designed keeping in mind the ASIC resistance. The 16 in the name stands for 16 separate algos all rolled into 1 and then randomized by last 16 characters of the previous chain. In simple words, the Coin keeps altering between 16 separate algorithms and hence is super ASIC resistant.
3. Extremely difficult to program ASIC
Because of the changing algorithm, it is clearly very difficult for someone to program an ASIC for Ravencoin but if in case someone does then also the x16r is pretty capable of resisting itself from ASIC. It is very easy for the developer to change the order of algorithms that is to change a particular algorithm with another. This unique algorithm is one of the main reasons Raven coin has grown in popularity.
4. Fair Distribution
Every step by Ravencoin be it the algorithm they chose to no premine or no ICO decision to transparency has been in the interest of fair distribution. This helps a great deal for decentralization framework, the core fundamental of crypto currency.
So now that we know that Ravencoin can be fairly trusted and is here to stay, Let’s find out the Best way to mine Ravencoin.
Raven coin Mining – 1080Ti/Windows 10
Everything that you need for mining along with other resources can be found on Bitcointalk.org. But we have provided only the necessary information and links down below. So let’s start with some info about Raven Coin down below:
Mining Pool: JKCPool
Total Coin Supply: 21 Billion
Block Reward: 5000 RVN
Mining Performance: ~22 Mh/s for 1080 ti
Mining Profitability: $2-$3/day/1080 ti
Note: Before starting to mine, make sure to update the latest GPU drivers for your Nvidia Graphic Cards.
How to mine Ravencoin on windows : RVN Mining?
1. Download RVN Wallet
This is the place where you will receive all your mined coins. Download the latest version and add nodes in the wallet.conf file if the wallet doesn’t sync on its own.
- Go to Github/Raven Wallet
- Download the Windows qt Wallet executable File
- Install and Open the Wallet
- Copy your RVN Wallet receiving address which we will use later.
2. Download Best RVN Miner (zealot/enemy-1.08)
As of today this is the best Raven miner available especially for Nvidia. This version of the enemy miner can easily give you a hashrate of around 22 MH/s/1080Ti.
Note: Make exceptions for your Miner in the antivirus program or Windows defender because most of the antivirus programs will surely flag the miner as a Trojan or malware.
- Download Raven Miner – zealot/enemy-1.08
- Open the .ZIP File
- Inside the folder Create a .TXT File
- Change the extension from .TXT to .BAT
- Edit the batch file and run it.
- Now Edit the .BAT file
z-enemy -a x16r -o stratum+tcp://jkcpool.com:3636 -u RNtJxcGXP5q6LU1hG1Jc2DTbLair7UPYG9 -p
Don’t forget to edit wallet address in the batch file. The wallet address is what you copied in the above step. You can also use any other pool of your choice.
- Run the .BAT File
- Your Mining starts!
3. Overclock Settings
Tdp : 100
Core : = +50
Memory : 0
The X16R Algorithm may stress your GPU and PSU more than mining any other coin due to the ever changing algorithm but its a very normal thing. Although with the new Raven Miner no such issues exist.
I write about Crypto mining, trading, referral programs. I have been in the cryptocurrency industry for the last 4 years.