We’ll start with the main features of the update.
- When is the RVN fork due? On May 6, at 18:00 UTC.
- What is the main feature of the update? Ravencoin will switch to the new KawPoW mining algorithm.
- What is the reason for the update? It will protect the network against ASICs.
- What should wallet users do? They should upgrade to the latest Ravencoin 4.1.0 version by clicking on this link.
- What should miners do? They should download this archive for the new configured miner version. The archive password is 2miners.
Users must upgrade software in order to remain in the right chain after the hard fork. If they don’t do that, they may have problems with coin transfer and general issues when dealing with the cryptocurrency. It is mandatory to update the mining software for all the miners!
KawPoW is the third Ravencoin algorithm preceded by X16R and X16Rv2. Don’t get it wrong, the developers aren’t obsessed with constant updates. They perform forks and change algorithms to protect the network against ASICs. They don’t want ASIC owners to control it.
According to the official Ravencoin 4.1.0 release page, a new hashing algorithm is added to give power back to GPU miners. And it is truly so. The hard fork will make it possible to mine RVN using older GPU models with 2 GB of RAM. The network hashrate will not be distributed among ten ASICs and one GPU. Instead, the cryptocurrency operation will be ensured by a hundred different GPUs and zero ASICs.
Ravencoin Mining Settings on KawPoW
After the hard fork the following mining software will be available for Nvidia GPU’s:
We recommend Gminer. You can find the review here. The miner supports multiple algorithms and shows great results.
Make sure to read our post How to Mine Ravencoin RVN KAWPOW Fork: Definitive Guide.
The latest mining software version is in this archive. The password is 2miners. Below you will find Ravencoin RVN mining settings on Gminer after the hard fork.
Here are PPLNS settings to mine RVN together with other GPU owners.
miner.exe --algo kawpow --server rvn.2miners.com:6060 --user YOUR_ADDRESS.RIG_ID
Here are SOLO settings to find blocks individually.
miner.exe --algo kawpow --server solo-rvn.2miners.com:7070 --user YOUR_ADDRESS.RIG_ID
Please remember to change YOUR_ADDRESS with your RVN wallet address. There are multiple wallets available for RVN that will support KawPoW network right after the fork. The most recommended is of course the official full node wallet. Light wallets that support RVN KAWPOW are:Trustwallet, Edge, Guarda, Flare. There are also paper wallets available.
Don’t forget that the mining settings provided will be operative only after the Ravencoin hardfork and the switch to KawPoW. It will be performed on Wednesday, May 6, at 18:00 UTC.
T-Rex miner supports autoswitch. You could set it up and go to sleep 🙂
Here are the settings for T-Rex:
t-rex -a x16r -o stratum+tcp://rvn.2miners.com:6060 -u YOUR_ADDRESS.RIG_ID -p x --fork-at kawpow=2020-05-06T18:00:00
After the hardfork we expect a drastic decrease in hash rate – the overall computing power of the Ravencoin network. If the developers can really keep ASICs away from the network, RVN mining will be quite profitable for GPU owners. Even the weakest graphics cards with 2 GB of RAM that stopped mining Ethereum long ago will be able to mine RVN after the switch to KawPoW. It is a real chance to make money. We are waiting for you in the 2Miners mining pool.