July 2024 Work Progress Report: Kaspa and Bitcoin Cash Updates
August 1, 2024
This July, 2Miners has implemented key updates to our Kaspa and Bitcoin Cash nodes and adjusted the payout values due to significant price changes. Here’s a detailed rundown of all the developments.
Kaspa Minimum Payout Value Update
The recent impressive growth in Kaspa’s market price, which has increased five times over the past year, has forced us to reduce the minimum payout values in our KASPA pool. This change aims to facilitate more frequent and accessible payouts for our miners, aligning with Kaspa’s increased liquidity and market activity.
For KASPA (KAS) payouts: 50 KAS
For Bitcoin (BTC) payouts: 50 KAS equivalent
For Toncoin (TON) payouts: 100 KAS equivalent
Bitcoin Cash Node Update
We’ve updated our Bitcoin Cash Node to version 27.1.0, which includes several enhancements aimed at improving performance and security. This update removes the BIP70 payment protocol from the node wallet, aligning with our commitment to full node security requirements. Users needing BIP70 can continue using other popular BCH wallets like Electron-Cash and Bitcoin.com.
This release also includes performance improvements and minor modifications to some configuration and command line arguments, ensuring our network remains robust and efficient.
Block Reward Reductions
Pyrin (PYI) Reward Reduction
In line with the PYRIN EMISSION SCHEDULE, the block reward for Pyrin has been reduced from 13.21 PYI to 12.47 PYI. This adjustment reflects the ongoing tokenomics strategy to ensure the long-term viability of the Pyrin network.
Karlsen (KLS) Reward Reduction
Following the Karlsen coin Tokenomics and EMISSION SCHEDULE, the block reward for Karlsen has decreased from 42.78 KLS to 41.60 KLS. These changes are crucial for maintaining economic balance within the network.
KASPA (KAS) Reward Reduction
The KASPA EMISSION SCHEDULE mandated a reduction in the block reward from 103.82 KAS to 97.99 KAS. This update is part of scheduled adjustments to control inflation and encourage healthy network growth.
All reward changes have been updated in our mining calculator at 2CryptoCalc to assist miners in recalibrating their mining strategies accordingly.
Stay connected with us through X and join our Telegram miner community for the latest updates and support.
Your success in mining is important to us, and we’re here to support you every step of the way.
The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others.
In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.
June 2024 Work Progress Report: Node Updates, Monero Delisting
July 1, 2024
This June, 2Miners has continued to innovate and improve our services. We’ve updated several of our cryptocurrency nodes to enhance performance and security, and have made a significant change to our mining pool offerings. Here’s a detailed rundown of all the developments.
Node Updates
Regular updates to our nodes are essential to maintain security, improve efficiency, and incorporate the latest improvements from each cryptocurrency’s development team. These updates help ensure that our mining operations run smoothly and that our miners enjoy the best possible performance and reliability.
Zcash ZEC 5.9.1
This version of Zcash introduces significant security and usability enhancements. The addition of the z_converttex RPC method allows users to convert transparent p2pkh addresses to the ZIP 320 (TEX) format, streamlining transactions and enhancing privacy. Additionally, this update improves network security protocols by automatically disconnecting from peers that send malformed version messages and rejecting duplicate verack messages. These changes are part of ongoing efforts to enhance the robustness of the Zcash network against potential network-level attacks.
FIRO v0.14.13.3
The latest Firo release marks a critical step forward in wallet technology and transaction handling. With enhanced support for light wallets, this update facilitates better mobile interactions by allowing light wallet servers to effectively query the node for Spark state. This means that transactions are recognized more quickly, and balances are more accurately reported, improving the overall user experience. Additionally, the increase in the maximum transaction relay size from 100 kB to 250 kB is a response to community needs for higher transaction throughput, particularly for UTXO consolidation and Spark minting operations.
KAS Rusty Kaspa v0.14.1
The transition to Rusty Kaspa represents a major evolution in the Kaspa network’s infrastructure, aiming for improved performance and scalability. This release marks the first stable version of the Rust-based node, significantly enhancing transaction processing speed and network stability. The shift from Go to Rust also means that node maintainers will benefit from reduced disk usage due to efficient pruning of headers and transactions, faster sync times thanks to optimized data processing, and a more robust RPC software stack for enhanced interaction with the network.
Zephyr v1.2.0
Zephyr’s latest update introduces tools designed to streamline development workflows, such as the new west grep command. This feature allows developers to use git grep, ripgrep, or standard grep to search through their repositories in the west workspace, enhancing code management and bug tracking capabilities. Additionally, the update improves the manifest file format by including a description field, increasing the utility and readability of project metadata.
Monero Delisting
As of June 10th, we have officially delisted Monero (XMR) from the 2Miners pool.
For miners interested in leveraging their CPUs for profitable mining, we recommend transitioning to Zephyr (ZEPH), which utilizes the same RandomX algorithm as Monero.
We encourage miners to visit 2CryptoCalc for the latest calculations and to adjust their setups accordingly. It has been successfully updated and it represents the current mining profitability for your hardware.
KASPA (KAS) Reward Reduction
The block reward for KASPA has been reduced from 110.00 KAS to 103.82 KAS in accordance with the emission schedule.
Karlsen (KLS) Reward Reduction
Following the Karlsen coin emission schedule, the block reward for Karlsen has decreased from 44 KLS to 42.78 KLS.
Pyrin (PYI) Reward Reduction
The reward reduction for Pyrin has brought the block reward down from 14 PYI to 13.21 PYI.
The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others.
In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.
May 2024 Work Progress Report: Ton Payouts, New Coin – Zephyr
June 1, 2024
This month we continued to innovate and expand our services to meet and exceed the expectations of our community. We introduced the new TON payout option for many coins and implemented the new cryptocurrency – ZEPH.
New Payment Options
We’re thrilled to announce the addition of Bitcoin payment support for EthereumPOW (ETHW) and Neurai (XNA). Miners can now receive their rewards in Bitcoin by simply entering their Bitcoin wallet address. This simplifies the process and enhances flexibility in how you receive your mining rewards.
We are pleased to announce the introduction of Toncoin (TON) payouts at 2Miners. This new payment option is available for various cryptocurrencies including Ergo (ERG), Clore.ai (CLORE), Ravencoin (RVN), Ethereum Classic (ETC), Kaspa (KAS), EthereumPOW (ETHW), and Neurai (XNA). Miners can now easily receive their rewards in TON by providing a TON wallet address, simplifying the payout process and offering more flexibility in how rewards are received.
Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a dynamic and evolving blockchain platform that continues to thrive with a rich ecosystem of applications, even after the original development team transitioned the project. Opting for TON payouts allows miners to engage directly with this vibrant network, potentially enhancing the value of their mining efforts as the TON ecosystem grows.
Significant changes have occurred with block rewards for several cryptocurrencies this month:
Ethereum Classic (ETC): The block reward has been reduced from 2.56 ETC to 2.048 ETC.
Pyrin (PYI): The block reward has decreased from 17 PYI to 14 PYI.
KASPA (KAS): The block reward has decreased from 116.54 KAS to 110.00 KAS.
Karlsen (KLS): The block reward has decreased from 50 KLS to 44 KLS.
We have updated our mining calculator at 2CryptoCalc.com to reflect these changes. Miners should note these new rewards and adjust their mining strategies accordingly.
As always, we are committed to keeping our technology at the forefront of blockchain advancements. Follow us on X (Twitter) and join our Telegram miner community for the latest updates and support.
Your success in mining is important to us, and we’re here to support you every step of the way.
The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others.
In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.
Three Best Wallets for Toncoin (TON) and How to Earn TON on 2Miners Pool
May 22, 2024
In April 2024, the popular cryptocurrency Cardano ADA dropped out of the top ten largest projects by market capitalization. It was replaced by Toncoin (TON), the native asset of the PoS network The Open Network, or simply TON. This project supports smart contracts and has the ambitious goal of uniting popular blockchains to create a next-generation global network. Today, we will get acquainted with TON itself and wallets for Toncoin.
What is the TON Cryptocurrency
TON (Telegram Open Network) is a blockchain developed by the creators of Telegram that supports smart contracts. The network is highly scalable, with corresponding speed and low fees, making it an attractive choice in the current environment of less efficient chains. Just a month ago, the average cost of a single Bitcoin transaction reached a historical high of $127.
Initially, TON was developed directly by the Telegram messenger team, who also conducted token sale rounds for the project in early 2018. Eventually, the Securities and Exchange Commission (SEC) intervened, calling the project's token sales transactions with unregistered securities.
At that time, the token was planned to be named Gram, and US citizens participated in the deals. This displeased the SEC, which opposed the pre-sales of tokens amounting to $1.7 billion. As a result, the Telegram team stepped back from the project, paid a fine of $18.5 million, and returned the raised investments. The development of TON on a decentralized basis was then taken over by the community.
The creators of Telegram Open Network emphasize the poor connection between modern blockchains such as Bitcoin, Ethereum, and BNB Chain. Although these networks offer good security and user privacy, their speed often leaves much to be desired.
Therefore, the open-source community is working on creating a next-generation network in the form of TON, which was developed as a blockchain for blockchains. This means that Telegram Open Network can scale to increasingly attract new users, conduct transactions, and unite various individual blockchains.
Through TON, a smart contract in one network will be able to exchange data with applications in other blockchains, as well as access files and websites. Project representatives call this approach the unification of the blockchain world with the internet.
Here is a corresponding video describing the features of The Open Network. In general, the project ecosystem consists of the TON blockchain, its virtual machine, payment platform, TON DNS, storage, and TON sites.
At the core of this is the native cryptocurrency Toncoin (TON). As noted on the project’s website, Toncoin will become the future of the currency world and is used for conducting operations in The Open Network, interacting with games and NFTs based on this blockchain, and other platforms, a full list of which is available here.
The Exchange Rate of TON Cryptocurrency
Today, 3.474 billion TON are in circulation, while the maximum supply of the cryptocurrency is 5.106 billion coins. The annual inflation rate is 0.6 percent, which is relatively low compared to other popular cryptocurrencies.
The TON exchange rate is $6.65, and the cryptocurrency’s market capitalization is $22.9 billion. This places Toncoin in the tenth position in the overall cryptocurrency market capitalization ranking.
Over the past year, the price of Toncoin has increased by 251 percent. This is better than the respective results of Bitcoin and Ethereum, at 162 and 103 percent, but less than Solana’s 801 percent jump for the year.
The argument for further growth of the cryptocurrency is that the current market growth phase will be the first full-fledged bull run for Toncoin, and investors usually respond positively to new serious projects.
Moreover, The Open Network represents a first-level blockchain at the core of an entire ecosystem of working applications, making it a specific project that has already found application in the real world.
Where to Buy Toncoin (TON)
Toncoin (TON) is available on popular platforms such as OKX, Bybit, Gate.io, and KuCoin. Here is the corresponding ranking of platforms based on trading results over the past 24 hours.
The cryptocurrency is not traded on leading market platforms like Binance. Therefore, the listing factor remains for a positive reaction to Toncoin in the future.
Best Wallets for Toncoin (TON)
There are many wallets available for interacting with Toncoin, each with its own features. Some are centralized and focused on convenience and ease of use, while others provide full control over the cryptocurrency.
A complete list of options is available on this page. We have selected and tested three applications designed for different categories of users: a basic option, a more advanced wallet, and a solution for long-term storage of digital assets.
Basic Option — TON Wallet in Telegram
Toncoin can be used directly in the Telegram messenger. To do this, simply search for @wallet and activate the wallet using the “Start” button. The wallet interface will open directly in the application.
The wallet allows you to send and receive coins, exchange tokens, and even conduct operations on P2P platforms, buying and selling crypto for fiat.
The basic Wallet in Telegram is a centralized solution. This is indicated by the fact that this wallet does not show the seed phrase for managing crypto assets with another program. Essentially, it is an exchange that allows you to conduct operations upon request and provides access to coins for the relevant profile in the messenger.
For additional convenience, access to the wallet can be secured with a password and Face ID. In case of a forgotten password, it can be recovered via email.
You can send cryptocurrency to both a Telegram user and any external wallet within the blockchain. It is important to note that the recipient of the transfer in the messenger does not need to activate the wallet for this. They can do this and gain access to the coins later at any time. We discovered an archived transaction from December 2023 only in May.
The cost of withdrawing Toncoin to an external wallet is quite high and amounted to 0.05 TON or 32 cents. It takes several minutes to confirm the transaction.
Overall, the situation is similar to what happens on any centralized exchange.
Tonkeeper is a non-custodial wallet, meaning the user controls what happens with the coins. This is indicated by the option to import an address when the program is first launched.
To start using Tonkeeper, simply create a password that will be used to confirm transactions. You can import a seed phrase later, which will also require the password.
The application allows you to stake TON either as a full validator with 10,000 Toncoin or as a small investor with just one coin. In practice, you need at least 2.2 TON in your balance to stake.
The last tab in Tonkeeper contains available applications. For example, there is Tokenstore for purchasing game cards with TON and TonMobile, which allows you to buy an eSIM with the same digital asset.
For convenience, transactions can be confirmed using Face ID. The interface is generally clear and clean, and the interaction logic is similar to other modern wallets like Phantom, where the right tab is also intended for Web3 applications.
The Most Secure Option — MyTonWallet with Ledger hardware wallet
For reliable long-term storage of coins, familiar hardware wallets exist. In the case of Ledger devices, they feature a separate security chip that is isolated from the internet and signs each transaction offline.
This means it cannot be influenced by the internet. Since Ledger hardware wallets’ screens are also not connected to the internet, users will see the real amounts and addresses of the wallets where crypto will be sent before transactions are made. If a smartphone or PC is affected by a virus and tries to stealthily replace the recipient’s address, the hardware wallet will still show the real data. The user can then notice the substitution and prevent the loss of funds.
TON can also be stored using Ledger devices. This is done without native cryptocurrency support, so it is not possible to create a corresponding wallet in Ledger Live. Instead, we use a combination of the TON application on the hardware wallet and the MyTonWallet program.
For variety, we used MyTonWallet as a browser extension for Chrome. However, this is not the only option for interacting with hardware wallets and TON. For example, the previous wallet, Tonkeeper, also supports Ledger devices both as an application and as a separate web program.
Connecting a Ledger device can be done when MyTonWallet is first launched. The corresponding button is located at the bottom right.
The wallet allows receiving and sending coins, as well as staking TON in large amounts.
The program also allows interacting with various Web3 applications but does not support NFTs when using a hardware wallet.
As we have noted, hardware wallets are a reliable option for storing coins, as they require physical confirmation of each transaction using buttons. However, this does not mean that owners of such devices cannot fall victim to hackers.
First of all, the danger lies in social engineering, where users are tricked into performing an action — for example, approving interaction with a malicious contract or even just sending crypto to the address specified by a fraudster — or disclosing confidential information.
Additionally, money can be lost if the application with which the user previously interacted and to which permissions were granted is compromised.
Therefore, experts recommend storing large reserves of crypto on hardware wallets as full cold storage. This means that such wallets are used exclusively for sending and receiving coins, but not for interacting with smart contracts. Thus, the compromise of the latter will not affect the security of coins on the hardware wallet, essentially making the latter invulnerable.
For those who wish to use blockchain applications, it is better to create a separate hot wallet and keep small amounts on it. In case this address is hacked, it will not affect the safety of the main crypto reserves.
Here is the Ledger Nano X hardware wallet with the TON application running.
And here the device asks to confirm the transaction for sending all TON from the address.
If you have large reserves of coins and want to hold them long-term, it is definitely worth considering purchasing a hardware wallet. Additionally, it is advisable to use it as cold storage, meaning not approving interaction with any smart contracts.
Multicurrency Wallets
Many multicurrency wallets support TON coin nowadays. We highly recommend you the non-custodial options when only you have the access to the private keys. Always remember the gold rule of crypto “not your keys, not your coins”. You can use the Atomic Wallet which is available on both desktop and mobile, making it a versatile solution, allowing you to have your TON Wallet with you anywhere you are.
All you need to do to start using Atomic Wallet is to create a wallet. You will be given your 12-word phrase which you can use to restore or import your funds into any other wallet. Then you set up a password that you can use to access your wallet and to confirm transactions.
How to Mine TON in 2024
Anyone with a graphics card can earn Toncoin (TON). This is facilitated by a new system of automatic conversion of rewards to TON on the 2Miners pool.
The logic is as follows: you set up mining of cryptocurrencies Ergo (ERG), Clore.ai (CLORE), Ravencoin (RVN), Ethereum Classic (ETC), Kaspa (KAS), EthereumPOW (ETHW), or Neurai (XNA), specifying a TON network address in the reward address field. The accumulated reward is then automatically converted to Toncoin and sent to the specified wallet.
Let’s say you have an Nvidia graphics card and want to accumulate TON in anticipation of further growth in the coin market. To do this, choose one of the listed coins — for example, Ravencoin — and go to the corresponding help page of the 2Miners pool.
For Nvidia graphics cards, it is recommended to use Gminer or T-Rex miners, which are available in this archive with the password “2miners”.
Download the application and check the basic settings of the bat file. For Gminer, they look like this.
Thus, to receive TON, simply specify the corresponding format address, such as UQDBrSEOIq5X78ghOTQIn6QzjXYrcqPvxpqavMIYC6j_rqBl, in place of the wallet address.
After starting mining, all that remains is to wait for the payouts. Additionally, you can check the 2CryptoCalc calculator page, which will help you choose more profitable coins from the list for your equipment.
Join our mining community on Telegram. There we discuss cryptocurrency mining, not staking and other topics.
Miner since 2017, the 2Miners pool co-founder. Became interested in cryptocurrencies at the dawn of the latest bull run and bought his first graphics cards. After having built and set up a few mining rigs, he realized that existing mining pools didn’t satisfy him – that’s how the idea of creating the 2Miners pool was born.
John published a series of articles about the basics of cryptocurrency mining. He gave valuable tips on how to buy ASICs and GPUs from abroad and then shared their mining performance. On the website, you can find early articles about cryptocurrency mining, blockchain in general and mining pool operation principles. The readers gave positive feedback on John’s practical guides, such as building an Ethereum mining rig and Nvidia 1080ti overclocking.
How to Mine Zephyr ZEPH: Settings and Profitability of Mining a Privacy-Focused Cryptocurrency
May 16, 2024
In February, the cryptocurrency exchange Binance delisted the Monero XMR cryptocurrency. The news was not pleasant, but given the trading platform’s issues with the U.S. Department of Justice and the prison sentence for Changpeng Zhao, this was expected. Fortunately, there are plenty of new projects focused on privacy, and some of them use technologies from Monero. One of these projects is Zephyr (ZEPH).
What is Zephyr ZEPH Cryptocurrency
As noted on the official website, Zephyr is an overcollateralized stablecoin project that is also untraceable. According to the developers, it is the first confidential stablecoin system with appropriate reserves to guarantee the stability of the corresponding token’s rate.
The project's foundation is a combination of the Djed stablecoin protocol from developers Emurgo, IOHK, and Ergo Foundation, and privacy features from the Monero network. These include hiding the recipient's address and transaction amount. As noted by the developers, this makes the evolution towards true "digital cash" much more tangible.
The aforementioned Djed stablecoin protocol uses three tokens — base coins, stablecoins, and reserve coins. Here is their detailed description:
Zephyr (ZEPH) — the cryptocurrency at the core of the Zephyr protocol, functioning as the base coin and reserve asset of the decentralized protocol based on Djed;
Zephyr Stable Dollar (ZSD) — an overcollateralized confidential stablecoin of the Zephyr protocol. Its rate is pegged to the dollar, while the stability of its value is ensured by ZEPH reserves;
Zephyr Reserve Share (ZRS) — a share in the protocol’s reserves, representing a stake in the financial health and future success of the entire project.
Reserve providers contribute their ZEPH to the project’s reserves and receive ZRS in return, reflecting the corresponding share in the overall capital. The emission of the ZSD stablecoin occurs when users contribute an equivalent amount of ZEPH to the reserves while maintaining a minimum reserve ratio, usually at 400 percent.
In practice, this ratio often exceeds 700 percent. This means that the stablecoin should maintain its stability and dollar peg even under conditions of extreme market volatility and trader sales.
Here are the statistics for ZEPH coins in reserves and ZSD and ZRS tokens in circulation.
Zephyr ZEPH Exchange Rate
Today, ZEPH is valued at $7.24, with a project market capitalization of $28 million.
The peak value of the asset at $52.31 was reached on November 23, 2023. Accordingly, compared to that mark, the current rate is 86 percent behind.
However, again, the project is relatively new and has not yet gone through a full bull run. Therefore, making assumptions about the further behavior of ZEPH is simply too early.
Where to Buy Zephyr ZEPH Cryptocurrency
Zephyr ZEPH is traded on several popular cryptocurrency exchanges. These are our familiar MEXC, XT-com, CoinEx, Xeggex, TradeOgre, and Nonkyc. Here is the distribution of platforms by trading volume.
Note that some trading platforms have not only low volumes but also poor market depth. The latter indicates the size of the deal that will change the base asset's price by 2 percent in either direction.
For example, buying ZEPH for 11 USDT on the XT-com platform will increase the coin's rate on the exchange by 2 percent, while a similar decrease on Nonkyc will occur after selling cryptocurrency for $23. Considering this, it is better to conduct transactions with your coins — whether it is buying crypto as a long-term investment or selling mining rewards — on platforms with strong liquidity. In this case, it is the MEXC exchange, which will allow you to conduct transactions on better terms and without sharp rate changes.
The project’s website shows various indicators of its health. As can be seen, over the past three months, the number of ZEPH in reserves has been regularly increasing.
This means that the stability of the ZSD stablecoin is also improving.
The Best Wallets for Zephyr Cryptocurrency
The Zephyr developers suggest using the web wallet at this link. To set it up, you need to create a wallet name, enter a password, and save the wallet file.
Then, write down the seed phrase and confirm it in full. After completing these steps, the wallet interface will open — it is simple and easy to use.
You can also use the official wallet at this link on Github.
Traditionally, for accumulating ZEPH and receiving mining rewards, cryptocurrency exchanges are suitable. However, on lesser-known platforms, it is better not to store large amounts for additional security.
Profitability of ZEPH Cryptocurrency Mining
The Zephyr network uses the RandomX mining algorithm, which is also used in Monero. Moreover, the Zephyr hashrate is quite comparable to that of Monero. This means that although ZEPH is a relatively unknown cryptocurrency, it is mined on par with XMR, which remains one of the pioneers in the digital asset industry.
You can mine ZEPH using processors and graphics cards, and you can track the situation with blocks and transactions on the blockchain explorer.
ZEPH is in the second half of the profitability of cryptocurrencies presented in the 2CryptoCalc calculator. For example, here is the situation with eight Nvidia GeForce RTX 4070 graphics cards.
This is logical since Zephyr is primarily intended for CPU mining. So to calculate the current profitability, enter your hashrate on this page.
Do not forget that the 2CryptoCalc calculator does not take into account electricity costs, the rates for which are different for everyone. Therefore, when calculating profitability, this must be considered.
Setting Up Zephyr ZEPH Mining
To mine Zephyr ZEPH on CPUs and GPUs, you should use the XMRig miner. It is available for download in this archive, and the password to run it — 2miners — with no spaces, capital letters, or periods.
Here are the settings for mining ZEPH.
xmrig.exe --coin=ZEPH -o zeph.2miners.com:2222 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
pause
If you have any questions, answers are available on this help page.
Solo Mining Zephyr ZEPH
Mining Zephyr ZEPH solo is suitable for experienced miners whose equipment allows them to mine at least 2-3 blocks per day.
How to check this? Go to this page of the 2CryptoCalc calculator, enter your hashrate, and click the green “Can I mine SOLO” button.
The specified hashrate is enough to mine 28 blocks a day, meaning this equipment is suitable for solo mining.
Setting Up Zephyr ZEPH Mining on Miningrigrentals and Nicehash
The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others.
In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.
How to Mine Pyrin: PYI Coin Details, Mining Setup and Profitability
May 15, 2024
Cryptocurrencies based on the Proof-of-Work consensus mechanism are usually associated with poor scalability. The best example of this is Bitcoin, which still handles 6-7 transactions per second and recently set a record low with an average fee of $127. Fortunately, technology does not stand still, and developers are looking for ways to improve the efficiency of PoW blockchains. One of the innovations in this area is Pyrin, where transactions are processed in seconds, and fees are measured in thousandths of a cent. We tell you more about the project and mining PYI.
What is the Pyrin PYI Cryptocurrency
As noted by the project developers on its website, Pyrin is a next-generation decentralized network for transactions with smart contract support. Its key feature is the innovative GhostDAG consensus protocol, created based on the popular DAG structure, that is, a directed acyclic graph.
In practice, the combination of innovations leads to almost instant transaction confirmations and the elimination of incomplete orphan blocks. Blockchain users, in turn, can enjoy high throughput and scalability, creating conditions for the popularization of digital assets in everyday life.
So, here are the main advantages of the Pyrin project, launched in November 2023:
High speed: the average transaction time is 1.2 seconds, while their finality, i.e., final implementation into the blockchain, takes less than ten seconds.
Decentralization: network security is guaranteed by thousands of nodes, while the fair distribution of cryptocurrency at the initial stage of the project’s life by blocking ASIC miners is ensured by the BLAKE3 hash function.
Low fees: the cost of a transaction is $0.000025, making interactions with smart contracts more comfortable.
Scalability: blocks in the Pyrin network are created and confirmed in parallel, thus guaranteeing high throughput.
Security: the GhostDAG consensus protocol is based on the traditional Proof-of-Work (PoW) system, which has proven its reliability.
Pyrin PYI Exchange Rate and Cryptocurrency Tokenomics
The PYI cryptocurrency was launched without so-called premine and pre-sales to investors. Therefore, the Pyrin developers call its launch as fair as possible, while the project itself is considered “fully decentralized, open-source, and community-driven.” Such a combination is usually valued in the crypto world.
The maximum supply of PYI is 1 billion coins, with the new coin issuance schedule implying a gradual decrease in the release rate with a coefficient of (1/2)^(1/12), which will occur every month.
The initial emission rate is 17 PYI per block, but on May 21, 2024, the rate will drop to 14 PYI. The release curve of the cryptocurrency looks like this on the chart.
As of May 15, the PYI exchange rate is 4 cents. The project’s market capitalization is $10.43 million, placing it at 3042 in the overall CoinMarketCap platform ranking.
The highest PYI price was recorded on March 21, 2024 — it was 28.9 cents. Accordingly, the current rate is 85 percent behind the record.
And although this is not the best indicator, the project is still very young. Therefore, making any predictions for a new bull run based on such data is simply too early, and the behavior of PYI will be determined by the activity of users of this network.
The Best Wallets for Pyrin Cryptocurrency
There are three types of wallets for interacting with PYI — a web wallet, a desktop wallet, and an Android smartphone app.
The web wallet is available at this link and is very simple to use. When you follow the link, it will generate a 24-word seed phrase or offer to import an already used combination.
After recording the seed, the site will verify three random words from the combination to ensure you wrote it down correctly. Then create a password for access and get access to the wallet interface.
This is what the PYI sending window looks like. If you have previously conducted transactions with cryptocurrencies, there will be no problems here.
To download the desktop version, follow this link. You can also study the application’s source code if you have the appropriate knowledge.
Here is the link to the Android app. A wallet for iOS devices is not mentioned on the site, so it does not exist.
You can also interact with PYI using exchanges. Although this method implies dependence on the corresponding project’s team and lack of decentralization, it can still be successfully used for accumulating coins.
Where to Buy and Sell Pyrin Cryptocurrency
PYI is supported on MEXC platforms, CoinEx, XeggeX, XT-com, TradeOgre, and Nonkyc-io. Trading with the cryptocurrency occurs in a pair with USDT, but transactions are also conducted in a pair with Bitcoin on the XeggeX exchange.
Pyrin Cryptocurrency Mining Profitability
Initially, Pyrin PYI mining was launched on processors, then it moved to graphics cards. As noted by the developers, this way the project began its decentralized path.
The Pyrin network uses the PyrinHash algorithm, which is similar to KHeavyHash in Kaspa, and blocks are created here every second. You can track them and transactions on the blockchain explorer page.
Today, Pyrin PYI is one of the most profitable cryptocurrencies for mining. In the list from the 2CryptoCalc calculator, which in this case shows the profitability of 300 Nvidia GeForce RTX 3070 graphics cards, PYI ranks second.
Note that 2CryptoCalc does not take into account the cost of electricity, the rate of which varies for each miner. Therefore, to get the full profitability, it is necessary to consider electricity costs.
Here is detailed information on the state of the Pyrin network.
Pyrin PYI Mining Setup
Preparing to mine Pyrin PUI is not difficult. Nvidia GPU owners should use the Rigel miner, while AMD GPU users should opt for lolMiner.
Both programs are available in this archive, and the password to run is 2miners — without capital letters and spaces.
Here are the settings for mining PYI with Rigel:
rigel.exe -a pyrinhash -o stratum+tcp://pyi.2miners.com:2121 -u YOUR_WALLET_ADDRESS -w RIG_ID
pause
If you have any questions, we traditionally recommend using the help page.
Bitcoin Wallet for Mining Pyrin PYI
Mining Pyrin PYI on the 2Miners mining pool also allows you to receive rewards in Bitcoin. That is, the reward in PYI is automatically converted into BTC, which is then sent to the corresponding wallets.
Thus, Pyrin miners can not only accumulate the main cryptocurrency with the best liquidity on the market but also use more convenient wallets, which are significantly more in the case of BTC.
To receive payouts in Bitcoin, you need to specify your BTC address instead of “YOUR_WALLET_ADDRESS” in the bat file. The 2Miners pool supports payouts to any address type, including SegWit (for example, bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc), Compatibility (for example, 3GRdnTq18LyNveWa1gQJcgp8qEnzijv5vR), and Legacy (for example, 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa).
Solo Mining Pyrin
Mining PYI solo is recommended for miners who have the appropriate mining experience and can find at least 2-3 blocks per day.
To calculate this indicator, go to this page, enter the hashrate of your equipment, and click the green “Can I mine SOLO” button.
In this situation, the hashrate is enough to mine approximately 148 blocks per day. And this is more than enough for solo mining.
For SOLO mining, the server solo-pyi.2miners.com:3131 is dedicated. All settings are available here if needed.
Setting Up Pyrin PYI Mining on Miningrigrentals and Nicehash
Miner since 2017, the 2Miners pool co-founder. Became interested in cryptocurrencies at the dawn of the latest bull run and bought his first graphics cards. After having built and set up a few mining rigs, he realized that existing mining pools didn’t satisfy him – that’s how the idea of creating the 2Miners pool was born.
John published a series of articles about the basics of cryptocurrency mining. He gave valuable tips on how to buy ASICs and GPUs from abroad and then shared their mining performance. On the website, you can find early articles about cryptocurrency mining, blockchain in general and mining pool operation principles. The readers gave positive feedback on John’s practical guides, such as building an Ethereum mining rig and Nvidia 1080ti overclocking.
April 2024 Work Progress Report: Multiple Node Updates
May 1, 2024
This month, we’ve focused on enhancing user experience by transitioning to a more reliable ETHW block explorer and addressing the halving of several major cryptocurrencies. We’ve also implemented multiple node updates to improve network functionality and efficiency.
Transition to a New ETHW Block Explorer
In our continuous effort to provide reliable and efficient tools for our users, we have switched to a new ETHW block explorer hosted by Oklink. The previous block explorer was not performing up to our standards, affecting users’ ability to track transactions accurately. This change ensures that users can reliably monitor their payouts from the pool, enhancing transparency and trust in our mining operations.
Significant Halvings Impact Major Cryptocurrencies
This April has been a landmark month for cryptocurrency mining at 2Miners as Bitcoin Gold (BTG) and Bitcoin Cash (BCH) underwent their scheduled halving events, reducing the block reward to 3.125 coins from the previous 6.25. Similar to these, ERG and KASPA have also seen reductions in their block rewards following their respective emission schedules, with ERG decreasing to 27 ERG from 30 and KASPA to 116.54 KAS from 123.47. These changes are crucial for miners to consider, and our calculator at 2CryptoCalc.com has been updated to help our community recalibrate their mining strategies accordingly.
Comprehensive Node Updates
To maintain the highest standards of service and ensure optimal mining conditions, we have implemented updates across several cryptocurrency nodes. Each update is designed to enhance network stability, increase efficiency, and ensure continued compliance with the latest blockchain protocols.
Aeternity Node Update – v7.0.0 Ceres Release
The Aeternity network has introduced significant protocol changes in its latest update, aimed at improving the blockchain’s functionality and user interaction. Scheduled protocol upgrades for both testnet and mainnet are set to enhance the network’s performance and introduce new features like GAAttachTx modifications and AENS auction mechanism adjustments.
ZCash Node Update – zcashd 5.9.0
ZCash continues to improve with the zcashd 5.9.0 maintenance release, focusing on dependency updates and ensuring service continuity with a new end-of-service height. This update is critical for all users to maintain network compatibility and security.
Horizen Node Update – zend v5.0.2
Horizen has released zend v5.0.2, which addresses several minor changes and bug fixes to enhance the network’s stability. It’s important for users to update to this latest version before the older versions are deprecated to avoid any disruptions in service.
These updates are part of our commitment to providing the best mining experience by keeping our technology at the forefront of blockchain advancements. Stay updated by following us on Twitter and joining our Telegram miner community. Your success in mining is important to us, and we’re here to support you every step of the way.
The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others.
In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.
March 2024 Work Progress Report: Bitcoin Payouts for Pyrin and Karlsen, Server Updates
April 1, 2024
March 2024 has been a month of significant achievements and updates at 2Miners. We’ve introduced new server enhancements to accommodate the growing demand for Pyrin (PYI) mining and rolled out Bitcoin payouts for Pyrin and Karlsen mining. Additionally, we’ve implemented multiple node updates across a range of cryptocurrencies to ensure our miners have the most efficient and effective mining experience possible.
New Server for Pyrin
In response to the increasing interest and demand for Pyrin (PYI) mining, we’ve upgraded our infrastructure by expanding our servers for both PPLNS & SOLO pools. This enhancement is aimed at providing a smoother and more reliable mining experience for our community.
Furthermore, we’re thrilled to announce that Bitcoin payouts are now available for PYI mining! Setting up is straightforward; miners simply need to use a BTC wallet address in their mining software in place of the Pyrin address to receive payouts in Bitcoin.
Pyrin currently stands as the most profitable coin on 2CryptoCalc.com, making it an attractive option for miners seeking optimal returns.
Bitcoin Payouts for Karlsen Mining
Expanding our payout options, Bitcoin payouts have also been introduced for Karlsen mining. This feature is designed to offer greater flexibility and convenience for our miners.
To take advantage of BTC payouts for Karlsen mining, users should set a BTC wallet address in their mining software where the Karlsen address would typically be entered.
Maintaining our commitment to providing a top-tier mining platform, we’ve conducted several updates across different cryptocurrency nodes. Here’s a summary of the key updates:
Ergo Protocol Reference Client 5.0.20
The latest Ergo Protocol has seen significant enhancements with the release of the 5.0.20 client. This update addresses critical aspects such as binary auto-publishing, ergo-core module documentation, and concurrency bugs. Additionally, improvements have been made to the chainSlice API method, demonstrating Ergo’s commitment to providing a stable and efficient mining environment.
Neurai (XNA) 1.0.4
Neurai’s network stability and security take a leap forward with version 1.0.4. This update introduces crucial checkpoints, updates to testnet configurations, and optimizations aimed at bolstering the network’s performance. Such changes are essential for maintaining the integrity and smooth operation of the Neurai ecosystem.
Neoxa – v5.1.1.4 – Smartnode Payouts
Neoxa’s latest version mandates an update crucial for supporting smartnode payouts, enhancing network reliability. This update underscores Neoxa’s dedication to ensuring a seamless experience for node operators and miners, reinforcing the network’s overall stability and performance.
Nervos CKB 0.114.0
The Nervos network sees a significant upgrade with version 0.114.0, introducing package enhancements, critical bug fixes, and performance tuning. These improvements, particularly in transaction handling and network security, exemplify Nervos’ commitment to fostering an efficient and secure blockchain environment.
Aeternity – v6.12.0
Aeternity’s update brings exciting new features and essential bug fixes to the forefront. From introducing the lazy leader concept to enhancing the /status response and optimizing core schema, this version is set to significantly improve network functionality and user experience.
Cortex – v1.10.54 Hercules
Cortex’s Hercules update focuses on refining the mining process with stability improvements and important bug fixes. Adjustments to miner gas price settings and port mapping loops, along with updates to Go modules, contribute to a more robust and efficient mining experience.
Monero 0.18.3.2 ‘Fluorine Fermi’
Monero’s Fluorine Fermi update is tailored to enhance the overall functionality of the network. By introducing RISC-V support and addressing multiple ZMQ bugs, along with wallet and daemon optimizations, this version ensures a secure and user-friendly Monero mining and transaction environment.
By keeping our nodes up-to-date with these critical updates, 2Miners ensures that our mining community benefits from the most advanced and secure blockchain technologies available. Stay connected with us on Twitter and our Telegram miner community for the latest updates and discussions.
The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others.
In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.
February 2024 Work Progress Report: New Coin Pyrin, iBeLink Kaspa Miner
March 2, 2024
Welcome to our monthly update at 2Miners! February has been bustling with new additions and significant updates, all aimed at enhancing your mining experience. Let’s dive into the details.
New Coin on 2Miners: Pyrin
We’re excited to introduce a new cryptocurrency to our mining pool – Pyrin (PYI). Pyrin uses Pyrinhash algorithm, which draws inspiration from KHeavyHash used in Kaspa mining, promising a unique mining experience.
Pool for Pyrin is now live at pyi.2miners.com, with Solo mining available at solo-pyi.2miners.com. Currently, we are offering payouts exclusively in PYI, with no BTC payouts available for the time being.
For those looking for a secure place to store their PYI rewards, the official web wallet is accessible at wallet.pyrin.network. Pyrin has also been added to our mining calculator tool, 2CryptoCalc, to help you estimate the profitability of mining PYI.
Kaspa Pool Updates
Mine Kaspa with iBeLink BM-KS Max
In our continuous efforts to support the latest mining technology, we’re thrilled to announce the support of the new iBeLink BM-KS Max 10.5 TH/s KASPA Miner. Miners using this device should connect to the high difficulty port 2323 for optimal performance, available across Europe, USA, and Asia servers. The detailed settings could always be found on the Help page.
The iBeLink BM-KS Max represents a significant advancement in the mining industry. Delivering a formidable hash rate of 10.5Th/s and a power consumption of 3400W, this ASIC miner sets a new standard for efficiency and power. According to the 2CryptoCalc mining calculator, this device can generate $120 daily. It has a potential ROI (Return on Investment) period as short as 5 months, not accounting for electricity costs.
The 2Miners Kaspa pool stands out as the premier choice for mining with the iBeLink device, offering unmatched efficiency and support. Unique to 2Miners, miners have the exclusive option to receive their payouts in BTC, adding flexibility and convenience to their mining operations.
Kaspa Rewards Reduction
A recent adjustment in the KASPA EMISSION SCHEDULE has resulted in a reduction of the block reward from 138.59 KAS to 130.81 KAS. We encourage miners to keep this change in mind and utilize our 2CryptoCalc for updated profitability calculations.
Quick Start Archive Update
Our Quick Start Archive, your go-to resource for mining software, has been updated with new bat files for Pyrin compatible with both AMD and Nvidia GPUs.
The archive now includes the latest versions of popular mining software:
gminer 3.43
t-rex 0.26.8
lolminer 1.84
teamredminer 0.10.18
rigel 1.14.2
xmrig 6.21.0
To access these updates, visit our GitHub and use the archive password “2miners”.
February has been an eventful month, and we’re committed to continuing our support for the mining community with the latest tools and resources. Stay updated with our progress by following us on Twitter and joining our Telegram miner community. Whether you’re interested in mining Pyrin, Kaspa, or exploring other opportunities, 2Miners is here to support your journey. Happy mining!
The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others.
In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.
