Beginner’s Guide to Mining Raven Coin (RVN) from Scratch

Raven Coin is a new coin that uses the x16R algorithm This cryptocurrency was engineered to resist a particular mining dilemma. ASIC Unlike GPUs, ASICs are custom-built hardware tailored to a specific algorithm, making them blisteringly quick and highly efficient in mining tasks. Critics argue that ASICs contribute to a more centralized and uneven playing field due to their higher costs and limited availability, concentrating mining power among fewer people. centralized mining The standout feature of the x16R algorithm is its use of 16 varied algorithms, shuffled randomly based on the hash of the latest block. This randomness thwarts the construction of an ASIC, contributing to the growing popularity of Raven coin. hash power In the illustrious realm of Westeros, ravens are the trusted bearers of truth, and similarly, Ravencoin is designed to authenticate ownership and asset truths through its specialized blockchain framework.

With a grasp on Ravencoin’s essentials, let's embark on mining some RVN now!

Before we kick off the tutorial, here are two crucial pointers: Ensure your GPU drivers are up-to-date, and be aware that most mining programs trigger false positives on antivirus software. For those using their everyday PC, this means excluding mining software via antivirus settings. My advice? Create a main folder for all mining software and exclude this entire directory from antivirus scans for peace of mind.

Before anything else, join a mining pool. While solo mining is possible, it might take months for payouts based on your rig’s power. Pools charge nominal fees, typically around 1%, but they provide steady, frequent payouts daily.

Some General Mining Tips

I'm opting for hash4life pool because of its modest fees and robust features. It’s a smaller pool with fair chances of discovering a block every few days, and it offers a user-friendly GUI to help formulate your mining command strings.

Mining Pools

Now that we're set up with a pool, it’s time to get mining!

For this tutorial we will use https://hash4.life Focusing exclusively on GPU mining as it's distinctly more profitable than CPU endeavors. https://hash4.life/tutorial .

For owners of Nvidia GPUs, one standout program is CCminer. Completely free of Dev fees, it’s available for both Windows and Linux, though precompiled binaries are Windows-only.

CPU Mining

For detailed guidance, visit the official page where download links await.

GPU Mining – Nvidia

Once downloaded, using the software is straightforward.

Set up a new batch file (or script on Linux) in the miner’s folder and input this command: https://github.com/tpruvot/ccminer/releases

ccminer-x64.exe -a algorithm -o stratum+tcp://mining_pool:port -u wallet_public_key-p c=coin_symbol

Ensure \"algorithm\" is replaced with your chosen mining algorithm. For our example, it’s \"x16r\".

Don’t forget to switch out \"wallet_public_key\" with your actual wallet address.

Example command: ccminer-x64.exe -a x16r -o stratum+tcp://hash4.life:3636 -u RAmR4ewFUKhc8Vtu1khN6kzjUSqneZCKVs -p c=RVN

Replace “mining_pool” with hash4.life

Replace “port” with 3636

Executing the batch file starts the miner, and you’ll see something akin to this:

Replace “coin_symbol” with RVN

For example my setup is:

Notice how the red arrow delineates the GPU detection and its overall speed.

Meanwhile, the blue arrow highlights the GPU clock speed, power efficiency per hash, total power consumption, temperature, and fan speed stats.

Switching gears to AMD GPUs, sgminer-gm-x16r comes highly recommended. Known for its no Dev fee policy, it supports Windows and Linux, though Windows is the primary source of precompiled binaries.
Command format: sgminer -k algorithm-o stratum+tcp://mining_pool:port -u wallet_public_key-p c=coin_symbol

GPU Mining – AMD

Example command for AMD: sgminer -k x16r -o stratum+tcp://hash4.life:3636 -u RAmR4ewFUKhc8Vtu1khN6kzjUSqneZCKVs -p c=RVN

Set up a new batch file (or script on Linux) in the miner’s folder and input this command: https://github.com/aceneun/sgminer-gm-x16r/releases

ccminer-x64.exe -a algorithm -o stratum+tcp://mining_pool:port -u wallet_public_key-p c=coin_symbol

Ensure \"algorithm\" is replaced with your chosen mining algorithm. For our example, it’s \"x16r\".

Pay attention as the red box summarizes the total output speed of all GPUs involved.

Example command: ccminer-x64.exe -a x16r -o stratum+tcp://hash4.life:3636 -u RAmR4ewFUKhc8Vtu1khN6kzjUSqneZCKVs -p c=RVN

Replace “mining_pool” with hash4.life

Replace “port” with 3636

Executing the batch file starts the miner, and you’ll see something akin to this:

Replace “coin_symbol” with RVN

For example my setup is:

Each individual GPU’s performance metrics, including temperature, fan speed, and speed, appear in the blue box.

Meanwhile, the blue arrow highlights the GPU clock speed, power efficiency per hash, total power consumption, temperature, and fan speed stats.

If issues arise, such as insufficient virtual memory, consider boosting it to around 16GB (or more for specific GPUs) through the Control Panel settings.
Monitor rejected or stale shares closely. An unusual number of stale shares hints you might benefit from a nearer server, while rejections suggest reducing miner intensity.

Use a mining calculator to visualize your returns, noting it's a ballpark figure. Currently, the RVN calculator is still in testing but available.

General Troubleshooting

Input tweaks primarily involve fine-tuning a few parameters as most data is pre-filled.

How much RVN will I earn per day?

To figure this out, you would go to http://whattomine.com Hash rate: Insert the aggregate computing speed across all devices in Megahashes per second. This is indicated as 'total speed'. Sum up all miners dedicated to Raven coin mining. https://whattomine.com/coins/234-rvn-x16r

Power: Key in the holistic power consumption in watts for your rig. Certain programs appraise this, or alternatively, employ a kilowatt meter for precision. Aggregate all rig totals for accuracy.

Cost: Reference your electric power rate noted on bills or the company’s site.

Pool fee: Pool fees typically pair with miner software Dev fees; typically, you input figures like 1+0=1.

Hardware cost: Aggregate hardware costs come here.

The calculator skips data like 24-hour volume and market cap; I've grabbed this from other resources.

Using my AMD Vega setup, I'll illuminate on how to interpret relevant data. The first image highlights critical areas.

Difficulty 24h vs. Difficulty 7 days should remain stable; any sharp variability can skew profit calculations unless prices shift dramatically. Raven coin page on coinmarketcap .

Volume 24h and Market Cap serve as stability metrics; higher numbers translate to more predictable price behavior, minimizing volatility.

• Create 1 BTC in and Break even in metrics offer insight into both potential Bitcoin yields and the time until rig costs are recovered, helping plan investments.
• Images reveal future coin earnings in both quantity and USD values. Focus on 'Profit' post electricity deductions to quickly gauge the most lucrative coin for your setup. Remember to balance daily returns with market cap nuance.
• And there you are! Your RVN mining journey kicks off with your public key dashboarded for thorough tracking.

I'm a developer who crafts websites, games, and software, with a strong footing in cybersecurity. Deeply embedded in the cryptocurrency realm since 2013, my mining, trading, and writing ventures date back to 2016. Reach me at [email protected]

The Trump brothers team up with Hut 8 to establish a new American Bitcoin mining venture, with aspirations of public trading.