March 2023 Work Progress Report: Calculator for ASIC, Multiple Node Updates
March 31, 2023
The new version of the 2CryptoCalc was released with ASIC devices support, and multiple cryptocurrency node updates.
ASIC Profitability Calculation
2CryptoCalc.com has established itself as a fast and user-friendly mining profitability calculator for graphics cards. This March, it received a significant update. We added support for ASIC miners. From now on, you can simply select the number of ASIC devices you have, and the calculator will provide you with a rewards prediction.
By estimating profitability, miners can determine if their investment in ASIC mining hardware will yield a positive return. Please remember that 2CryptoCalc doesn’t take into account your electricity costs. Calculating profitability allows miners to gauge their competitiveness and adapt their strategies accordingly, whether by upgrading hardware or relocating to areas with lower energy costs. Profitability calculations also help miners decide which cryptocurrency to mine based on the current market conditions, including factors like network difficulty and coin value. Unfortunately, ASIC machines are not as flexible as GPUs and usually, there is not a big choice of coins to choose from.
The new Most profitable ASICs page provides you with the complete list of the ASIC devices presented on the calculator. You could sort the machines by daily mining profit and estimate the payback.
Mining Pool Updates
Keeping cryptocurrency nodes updated in a mining pool is crucial for several reasons. Firstly, it ensures the security and stability of the network, as updates often include patches and improvements in protection against potential attacks. Secondly, it enhances mining efficiency and performance by incorporating optimizations and adjustments in the software. Finally, staying up-to-date with updates allows miners to adapt to changes in consensus protocols and algorithms, ensuring compatibility and avoiding potential revenue losses.
This month we updated the nodes for many mining pools including Aeternity, Zcash, Horizen, Firo, and Flux. We also installed the Kaspa nodes on our servers as we plan to release the mining pool for this coin very soon.
AE v6.8.1-a42c1b1 fixes a bug in the microblock creation.
ZEC 5.4.2 fixes memory exhaustion vulnerabilities inherited from Bitcoin Core.
ZEN v3.3.1 supports the future update to ZEN v4 that will allow to further ensure the stability and safety of the code.
FIRO v0.14.12.1-gc7e3ef0e6 includes an emergency fix to resolve the zero-day vulnerabilities that affect many projects that derive code from the Bitcoin base. The vulnerability allowed an attacker to send specially crafted p2p messages to crash individual nodes.
FLUX 6.1.0-782daee includes RPC optimizations, performance improvements, snapshot creation and RPC calls, multiple processing optimizations, and various bug fixes.
Kaspad v0.12.13 is the latest version of the KAS node software. We installed it in order to deploy the mining pool for this coin.
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 Set Up Antminer E9 Pro to Mine ETC, ETHW or CLO
March 13, 2023
Bitmain recently released its most powerful Ethash/Etchash ASIC mining device – Antminer E9 Pro. 2Miners developers have already tested it and adjusted the pool firmware to support this miner.
Antminer E9 Pro Hashrate
Antminer E9 Pro has a hashrate of 3 680 MH/s on Ethash and Etchash algorithms and consumes 2200 W. This is the most powerful and most efficient Bitmain Ethereum miner so far.
The hashrate of this single ASIC is as high as 30 top-range Nvidia 3080Ti graphics cards. The information on the released quantities of this beast was not disclosed by the manufacturer so it is hard to predict if these machines could affect the Ethash/Etchash algorithm mining profitability.
What to Mine on Antminer E9 Pro
It is not possible to mine Ethereum since the “Merge” the so-called switch to Proof-of-Stake. However, there are other coins on the Ethereum algorithm Ethash that are still mined such as Ethereum PoW (ETHW) or Callisto (CLO). There is also a possibility to mine Ethereum Classic which uses the slightly different mining algorithm Etchash.
Let’s enter the ASIC hashrate (3680) into Etchash and Ethash fields on the 2CryptoCalc.com mining calculator. The calc will show the profitability prediction.
Ethereum PoW is now the most profitable coin for this miner. You could get $10.25/day not taking into account the consumed electricity costs. Ethereum Classic and Callisto’s profitability is slightly lower. However, we highly recommend you check the profitability from time to time as it could change depending on the cryptocurrency prices and hashing power participating in the mining of each of the coins.
Choosing the Mining Pool for Antminer E9 Pro
There are not many pools that support Antminer E9 Pro. Currently, only 2Miners supports this ASIC from the top Ethereum Classic pools. 2Miners developers have re-writed and adjusted the pool software in order to support Antminer E9 Pro and successfully tested this machine on Ethereum Classic pool. In terms of hashrate 2Miners is at the top of the ETC mining pools in the World so the pool finds a lot of blocks daily and the miners get consistant rewards.
Another awesome feature available only on 2Miners ETC pool is the possibility to get payouts in Bitcoin. There are no complicated settings. All you need to do is specify your Bitcoin and not Ethereum Classic address in the Antminer settings. The pool will automatically detect you want to receive the payouts in BTC. Currently more than 1 000 miners are using the Bitcoin payouts in the Ethereum Classic pool.
2Miners developers have successfully tested the Antminer E9 Pro in other Ethash pools presented on 2Miners.com: CLO and ETHW. These coins have absolutely no other reliable options to mine but 2Miners. Check the hashrate distribution below.
Antminer E9 Pro Profitability
Let’s check the profit we could generate with this device using the 2CryptoCalc mining calculator. Choose the number of devices you have on the main page of the calc or just go to the special page of E9 Pro.
Currently, you could get $10.83/day mining Ethereum Classic and slightly less on Ethereum PoW ($10.52/day) and Callisto ($10.44/day). However, we recommend you check the calculator regularly as these values could differ. The Most profitable ASICs page could help you compare the E9 Pro profitability with other ASIC miners.
Antminer E9 Pro Settings
Go to the settings tab. You don’t need to change the mining algorithm, no matter if you mine Etchash or Ethash. The correct settings could be always found on the help page of each mining pool: ETC, ETHW, CLO.
Save the settings and ASIC would start. Please wait patiently as it could take up to 30 minutes for Antminer E9 Pro to generate the DAG file and start mining.
How to Setup Antminer E9 Pro for Ethereum Classic Mining
The settings are quite straightforward. You have 3 fields to specify the mining pool and 3 fields to specify the wallet address. We recommend you use the same pool and the same wallet address for all three rows. Check the screenshot above. There are 3 locations available for the ETC pool: Europe, Asia, and the US. Always use the Europe connection by default.
Please find below the basic connection parameters. Remember that you could use not only ETC wallet address but the BTC wallet address as well.
Pool1: etc.2miners.com:1010 Miner Name: ETC_wallet_address Password: x
How to Setup Antminer E9 Pro for Ethereum PoW Mining
Sometimes Ethereum PoW is more profitable than Ethereum Classic and you want to mine ETHW instead of ETC. ETHW settings are similar to ETC. There are no complicated modifications. Specify the pool and the wallet address. Please remember that only ETHW address works. BTC payouts are not supported for this coin. For those miners who want to mine to the local/mobile wallet, we highly recommend Metamask. By default, ETHW is not supported but you could add the Ethereum PoW network manually. Check the detailed guide on how to do that. A lot of exchanges support ETHW deposits as well. For example ByBit, OKX, or Kraken.
Here is the basic setup for ETHW mining.
Pool1: ethw.2miners.com:2020 Miner Name: ETHW_wallet_address Password: x
How to Setup Antminer E9 Pro for Callisto Mining
CLO is the smallest Ethash coin available in terms of hashing rate involved. Callisto settings are presented below. Use only the CLO wallet address.
Pool1: clo.2miners.com:3030 Miner Name: CLO_wallet_address Password: x
As soon as mining starts you see the shares accepted by the pool.
Remember to follow us on Twitter to get all the news as soon as possible.
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.
February 2023 Work Progress Report: CKB, ZEC, ERGO, FLUX Node Updates.
March 1, 2023
Firo wallet problem resolved, Flux reward halving, multiple node updates.
FIRO Wallet Problem Resolved
Last month we experienced a problem with the FIRO wallet. In some cases, this caused the payment delay. Thanks to the FIRO developers the problem has been resolved successfully. The payouts are now being processed without any issues. All pending payouts have been processed as well.
The block reward for miners was reduced from 37.5 FLUX to 18.75 FLUX. More info on GitHub.
That means all the miners get now two times fewer rewards than they get early. Please pay attention! 2CryptoCalc calculator was updated.
Cryptocurrency Node Updates
We updated some of the cryptocurrency nodes in February. It is always very important to have the latest node firmware to provide our miners with the best mining experience.
CKB 0.108.0-rc2 fixes some minor bugs, resolves the error of block filter hash calculation, and fixes transaction rebroadcast.
ZEC 5.4.1 includes some hotfixes.
ERGO 5.0.7 adds the support of additional indexes, fixes the mempool inconsistency and includes other updates.
Zelcash version v6.1.0-782daee was a mandatory release. It includes Flux rename adjustments, RPC optimizations, performance improvements, snapshot creation, and RPC calls updates, multiple processing optimizations, and various bug fixes.
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.
January 2023 Work Progress Report: New API for CTXC, FIRO Wallet Problem
February 1, 2023
New API and statistics pages for Cortex, Ergo block reward reduction, Firo wallet problem, Beam delisting from Binance.
Cortex New API
We updated the Cortex (CTXC) mining pool. Now it uses the latest API version. That makes the work of our services and third-party applications faster. Moreover, this means that the new statistics pages are available for Cortex.
Now each miner has detailed hashrate statistics and share statistics. You are also able to change the payout threshold in the CTXC pool.
You may need to clear your browser cache with Shift+Ctrl+R to see the update.
You could find the detailed information on ERGO emission on the official ERGO post.
FIRO Wallet Problem
We experienced a problem with the FIRO wallet. For some reason, the wallet doesn’t allow us to spend the mined coins and we are not able to process the payments. FIRO developers are aware of this bug and they are helping us to solve the issues asap.
We are able to submit some payments from our own funds at a slow pace, so you might see some Firo payments going.
We’ve changed the wallet to a new type and right now we are waiting for the solution from FIRO developers that unblocks the funds on the old wallet. When the FIRO issue is resolved, we process all the pending payments immediately.
BEAM Delisting from Binance
Binance delisted BEAM coin on January, 26. BEAM deposits are not credited to Binance anymore. We are not able to recover your funds or transfer the unpaid balance from one wallet address to another one (see FAQ).
If you still mine to a Binance BEAM wallet, please change it immediately!
If you mine BEAM the best way is to use the official BEAM desktop or mobile wallet software so you always hold the private keys from your wallet and control your funds.
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.
December 2022 Work Progress Report: Year-end Results
December 31, 2022
ZEC, ERGO, CORTEX node updates, work in progress, the year 2022 results.
Cryptocurrency Node Updates
The new node software was installed to keep all the mining pools up-to-date.
Ergo Protocol Reference Client 5.0.4 has multiple code optimizations. The release details are available on GitHub.
Zcash v5.3.2 and previously v5.3.1 solved some minor issues and improved memory usage. The release details are available on GitHub.
Cortex 1.10.36 release called by the name of Lionel Messi. The release details are available on GitHub.
Mining in 2022. Year-end Results
This was a tough year for the cryptocurrency industry and particularly crypto miners.
First, TerraUSD/LUNA, Three Arrows Capital, Celsius, and FTX collapses in 2022 led to a tremendous crypto market drop.
Second, but no less important, the Ethereum coin switched to POS from POW. The end of the ETH mining era was the most painful event ever for the graphics card mining community. Approximately 95% of all GPU miners were mining ETH. The end of Ethereum mining resulted in a huge hashing power release. All other GPU-mined coins and algorithms immediately gained many miners and as a result, the profitability fell respectively. The newly emerged coins such as EthereumPoW didn’t help that much.
Hopefully, the mining community is strong enough and we still have more than 50K miners online. This year we removed not only ETH, which is not mined anymore, but also Expanse (EXP), Metaverse (ETP), and MimbleWimbleCoin (MWC). We have 17 coins available in 2Miners now and our developers work hard to bring you the new ones. Currently, we are working on Kaspa (KAS).
Bitcoin payout was a great success last year as BTC payments are very convenient for the major part of the miners. This year we spread the BTC payments feature to other coins. You can now get paid in Bitcoin if you mine Ravencoin, Ergo, Ethereum Classic, and Zcash. The BTC payments for Horizen are almost ready as well. We would love to make this feature available for all the coins we have but sometimes it is just impossible to find a trustworthy crypto-exchange with the required trading pairs and trading volumes, and reliable API as well.
No matter if you trust in the upcoming crypto bull run or not, cryptocurrency mining stays and we always do our best to provide you with the best mining experience possible.
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.
November 2022 Work Progress Report: ZEC and ERGO Node Updates
December 1, 2022
ZEC and ERGO node updates, mining rewards fluctuation due to the market instability, BTG delisting from Binance.
Cryptocurrency Node Updates
We updated some of the cryptocurrency nodes in November. It is always very important to have the latest node firmware to provide our miners with the best mining experience.
Zcash (ZEC) 5.3.0 includes performance improvements and reduces concurrent memory utilization during scanning among other memory and performance-related optimizations in the Zcash node.
Ergo Protocol Reference Client 5.0.3 contains different node upgrades including slicing in /scan/unspent boxes by inclusion height and more. The full list of features could be found on GitHub.
Mining Rewards Fluctuations
One of the biggest crypto exchange platforms FTX crashed in November. The problems tumbled into the open on November 2nd when CoinDesk published a report questioning the financial health of both FTX and Alameda Research, controlled by FTX. It was indicated that much of Alameda’s balance sheet was made of FTX native tokens FTT.
The FTX collapse led to a drop in the cryptocurrency market including the GPU/ASIC-mined coins. This resulted in the rewards decrease for the miners. Some of the miners switched off their equipment as mining is not more profitable for them anymore. Even Bitcoin hashrate dropped in November by more than 10%.
At the end of the month the market a little bit stabilized. The prices of many coins went up. So did the mining rewards. We recommend using 2CryptoCalc.com to find the most profitable coins for your hardware. It is very easy to use as you could just enter the number and the models of the graphics cards you have. Of course, you could also enter the hashrate values straight away if you know them.
BTG Delisting from Binance
Attention Bitcoin Gold (BTG) miners! Binance cryptocurrency exchange delisted BTG on 2022-10-24. Our support team is still receiving messages from the miners who missed this news. If you mine Bitcoin Gold and you use the wallet generated on the Binance crypto exchange, please change your wallet address immediately. Our pool is anonymous and we are not able to transfer the mined coins from one wallet address to another wallet address.
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.
October 2022 Work Progress Report: Extra ETHW Rewards, Server Infrastructure Updates, ERGO Reward Reduction
November 1, 2022
Big blocks on EthereumPoW blockchain; planned ERGO block reward reduction; multiple node updates, new servers deployed.
Ethereum PoW (ETHW) Big Blocks
From time to time Ethereum network in past provided extra rewards for miners when it was overloaded. The mechanism was always quite simple. A high network load caused the ETH gas price growth which led to more expensive transactions for ETH users and higher rewards for ETH miners.
We noted the same situation happening in the EthereumPoW network this October.
A standard ETHW reward is usually 2 ETHW per block. However, on October 16th we saw x50 and even x75 rewards for a single block. Block #15 743 034 was the most successful one, bringing more than 152 ETHW to the miners.
ERGO Block Reward Reduction
Please pay attention that the block reward dropped from 48 ERG to 45 ERG at block 849 600 on October 10th. 2CryptoCalc calculator was updated.
ERGO block rewards are reduced every three months by 3 ERG/block.
That means we expect the next block reduction in January 2023.
New Servers and Cryptocurrency Node Updates
We always keep our servers in the best possible shape to provide our users with the best mining experience. We always update the servers to the most modern hardware when possible. This October we did a lot of work upgrading both our servers’ hardware and software. Some of the pools seamlessly moved from old servers to new ones.
We also updated some cryptocurrency nodes. This is the list of the most important node updates of October.
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.
September 2022 Work Progress Report: Ethereum Switch to POS, New Coins NEOX and ETHW
October 3, 2022
Ethereum switch to POS; new pools: Neoxa and EthereumPoW; Expanse, Metaverse, and MimbleWimbleCoin delisting; BTC payouts for Ergo and Ravencoin; node updates.
Ethereum (ETH) Switch to POS
The main event of the cryptocurrency mining industry happened on September 15th. After many years of talks and preparation, Ethereum mining stopped. Nearly all the cryptocurrency miners began to panic as GPU mining profitability dropped several times. This happened because the hashing power engaged with the ETH mining was set free and many hardware switched to mine other cryptocurrencies.
Ethereum is #2 cryptocurrency in the World. It was the main coin mined by the graphics cards. Read more in our post “End of the Ethereum Mining” available in English, Spanish, Russian, and Farsi.
One day after the ETH switch to POS we processed the last payout to all the Ethereum pool users. We paid out all the unpaid balances that are over the minimum Ethereum pool payout threshold.
Such coins like Cortex (CTXC), Grin (GRIN), and Bitcoin Gold (BTG) surprisingly are almost always presented at the top of the mining calculator results. Last year Grin, for example, was mined only with ASIC devices such as iPollo G1. Now GPU mining is back for this coin.
New Coin: Neoxa
Neoxa (NEOX) mining pools are Online from September 6th.
A year ago we released a unique feature of Bitcoin payouts for the Ethereum mining pool. Now we are spreading this option to the mining pools of other coins. Currently, three coins support Bitcoin payouts: Ethereum Classic (ETC), Ergo (ERG), and Ravencoin (RVN).
No complicated settings are required to be applied to receive the payouts in Bitcoin. All you need to do is to use the BTC wallet address in your mining software settings (bat file).
We delisted Expanse (EXP), Metaverse (ETP), MimbleWimbleCoin (MWC) mining pools from 2Miners on September 30th.
These cryptocurrencies are not developing anymore. Unfortunately, the EXP, ETP, and MWC mining is not profitable anymore for both miners and the mining pool.
We always keep our cryptocurrency nodes up to date to provide our users with the best mining experience. This is the list of the most important node updates of September.
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 Neoxa: Specs, Mining Settings, NEOX Mining Profitability
September 26, 2022
The major event in the mining industry in 2022 is Ethereum’s shift to the PoS consensus algorithm that has put an end to ETH mining on GPUs. Computing equipment owners have to figure out what coins would be the most profitable for mining as an alternative to ETH. One such alternative is Neoxa, targeted at the gaming industry. Let’s get to know this cryptocurrency better and learn how to mine it.
By the way, NEOX is not the only recent addition to the 2Miners pool. After Ethereum's upgrade, third-party developers launched the blockchain fork on the Proof-of-Work consensus algorithm, and you can already mine this network's coin called ETHW in the pool.
As of today, over 18,000 people are mining ETHW. Meanwhile, Neoxa is also growing in popularity, so let's get into it.
What Is Neoxa NEOX? Cryptocurrency Specs
According to the main page of the project’s website, Neoxa is a secure decentralized blockchain for gamers, developers, and miners. Neoxa launched in the second quarter of 2022.
The focus on gamers is intentional. Neoxa claims to be revolutionizing the gaming industry using decentralized blockchain technology. The goal of the project is to ensure that users get rewarded for playing and developing games.
Let’s look at the vision of the developing team. They say that the Neoxa Ecosystem depends on various aspects. To keep the blockchain functioning Neoxa relies on miners. 5% of the block reward structure goes to marketing and developer funding for current and future gaming developers listed in the NEOX Marketplace.
The main thing that makes Neoxa different is that you can earn the cryptocurrency not only by mining, but also by playing games. It is possible thanks to the combination of the popular Proof-of-Work consensus algorithm with the newly implemented Proof-of-Game (PoG). Simply put, a part of the block reward will be redirected to gamers.
The developers say that miners and gamers used to be separate communities, which among other things resulted in a graphics card shortage. Now, these worlds can unite and get their share.
How much of a share? The official website says that during the first year, 85% of the block fee will go to miners and 10% – to gamers. During the second year, it will be 75% and 20%, and during the third year – 55% and 40%, respectively.
During the fourth year, gamers will get 60% of the block fee, while miners will get 35%. Developers and marketing will get 5% of the block fee during the whole four-year period.
Neoxa’s developers say that this is the first project to use such a reward distribution mechanism.
Today you can earn NEOX by playing two games: Rust and Minecraft, and you will get coins only if you are active on specific servers.
Also, to become part of the so-called NeoxaCraft (Neoxa’s Minecraft server), you need to create an account and indicate your wallet address. You can find more details about getting paid for playing games here.
If you want to learn more about the project, follow this link to read Neoxa's white paper.
Neoxa NEOX Exchange Rate
NEOX coin is the cornerstone of the Neoxa ecosystem that allows miners and gamers to earn money. The cryptocurrency was also launched in the second quarter, and you can use it just like any other coin.
Miners and gamers can sell it to fix the profit, while traders can speculate on NEOX exchange rate.
Today NEOX is traded at $0.00378640 and ranks #1267 in the CoinGecko chart. The max supply is 21 billion NEOX, and the circulating supply is 926 million NEOX.
The circulating supply is just 4.4% of the max cryptocurrency supply. So the circulating supply will be gradually growing, which in theory could result in sellers putting the asset price under pressure. However, this should mostly concern long-term investors.
The cryptocurrency chart is available starting from August 24 – see below.
And some more stats. Today NEOX is 84% behind its all-time high price and 190% ahead of its all-time low price.
Where to Buy Neoxa NEOX
There are three exchanges that trade NEOX: Txbit, XT-com, and TradeOgre. Txbit accounts for 88% of all transactions, even though its trust score on CoinGecko is lower than that of the other platforms.
NEOX is usually traded in pair with USDT. TradeOgre also allows you to trade it in pair with Litecoin LTC.
The 24-hour trading volume is $686 thousand, which is rather low. Liquidity on the above-mentioned exchanges is also low, as you can see in the two rightmost columns.
It means that for the NEOX exchange rate to grow on XT-com, it would be sufficient to buy $133 worth of the cryptocurrency. So the coin holders must be ready for sharp spikes in the price.
Cryptocurrency Wallet for Neoxa NEOX
Today NEOX official wallet is available on Windows, as well as on Linux in two versions – you can find them by following this link. ARM Wallet is going to be released later.
You can also hold the coin on the above-mentioned exchanges.
How to Mine Neoxa NEOX
Neoxa network uses the KawPoW mining algorithm, just like the more popular Ravencoin. The average block find time is 60 seconds, and the block reward is 4,250 NEOX, or $16.
For mining, you will need specific programs. If you use Nvidia GPUs, we recommend Gminer or T-Rex, and if you use AMD – NBMiner or TeamRedMiner. All these programs are available in our universal archive with the password ‘2miners’ – without any capital letters, dots or other symbols.
In the 2Miners pool, you don't pay anything for NEOX reward payouts – the fees are covered by the pool. It will make you save money and maximize profits.
In the archive, you will also find bat files needed to start mining. Remember to replace YOUR_WALLET_ADDRESS in the bat file with your wallet address so that the reward ends up in the right wallet.
Overall, here is what bat files for NEOX mining look like. This one is for Gminer.
t-rex.exe -a kawpow -o stratum+tcp://neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
pause
This one is for Team Red Miner.
teamredminer.exe -a kawpow -o stratum+tcp://neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
pause
There is also a bat file for Xmrig.
xmrig.exe -a kawpow -o neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
pause
And the last one is for NBMiner.
nbminer.exe -a kawpow -o stratum+tcp://neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID
pause
If you want, you can also replace the rig name RIG_ID with another name. You can only use up to 32 symbols, Latin letters, numbers from 0 to 9, and symbols ‘_’ and “-“.
Neoxa NEOX Mining with Miningrigrentals and NiceHash
Name: 2Miners NEOX Type: KawPOW (RVN) Pool Host: neox.2miners.com:4040 Workername (-u): YOUR_WALLET_ADDRESS Password (-p): x
These are the settings for NiceHash.
Custom pool name: 2Miners NEOX Algorithm: KAWPOW Stratum hostname or IP: neox.2miners.com Port: 4141 Username: YOUR_WALLET_ADDRESS Password: x
Neoxa NEOX Mining Profitability
After Ethereum’s recent switch to PoS, there is a surplus of computing power in the cryptocurrency mining industry. In part, it has switched to mining other coins, which has a significant impact on mining profitability.
It's worth noting that the cryptocurrency industry is in a bear market now – most coins fall behind their all-time high values by 70–90%. When the situation in the industry gets better, there will be more opportunities for mining and for making a profit from it.
Let’s estimate NEOX mining profitability using 2CryptoCalc. Below you can see the result of mining with eight Nvidia GeForce GTX 1080 Ti graphics cards – the equivalent of $1.88/day.
Keep in mind that the results are not adjusted for electricity costs.
Mining on eight high-end Nvidia RTX 3080 Ti graphics cards would bring $4.44/day.
Conclusion. Should You Mine NEOX?
The concept of blockchain games used to be one of the most popular before a bear market began at the end of 2021. So in the future, Neoxa might attract a lot of investors, especially if it manages to make gamers interested in the crypto world.
For now, we can only follow the activity of Neoxa’s developers. By the end of the year, they are planning to launch the Neoxa App trading platform for independent developers, which could be a good publicity opportunity.
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.
