One of the interesting altcoins with privacy and anonymity enabled features is Zcoin (XZC) or alternatively Zerocoin.  The main technology behind Zcoin’s privacy protocols is the so called zero-knowledge proof. If you choose to mine this cryptocurrency, you will be pleased that unlike many others, there is a solid developers team behind this project.

Just like bitcoin, the number of XZC ever released will be 21 million. Presently, there is about 3.4 million XZC in circulation. New block is mined every 10 minutes, with 50 Zcoins released to the miners. Currently ranked 72, with market cap of $180 million, this is a respectable position with a lot of room to grow.

Currently you can mine Zcoin with the lyra2z algo with your GPU, which we will describe down below. In the future, both CPU and GPU mining will be supported, which will favor much better decentralization. This will be enabled by a unique proof of work called Merkle Tree Proof, or MTP. This algorithm was developed entirely from scratch following an academic paper. Considered by some an ideal proof of work for a cryptocurrency, you can check the basic idea of this algorithm here.

This switch from lyra2z to MTP that will occur soon. If you are into GPU mining, this is something you would definitely want to follow closely.

GPU Mining

I was attracted to Zcoin when I was checking the available altcoin alternatives for NVidia GTX 1080 Ti GPU. Zcoin can be mined with Nvidia and AMD graphic cards. If you have a decent GPU, the profit can be OK, although a lot depends on the current network hashrate, difficulty, and ultimately how large your electricity bill is.

You can check what the estimated profitability for your graphic card is if you visit whattomine.com or crypto-coinz.net. Put your hashrate in the lyra2z field, or simply select your graphic card. For my Nvidia model the hashrate is between 3 and 3,3 MH/s.

So, Zcoin is among the coins that are currently very profitable. However, most people would have to join a pool, as their hashing power won’t be enough to find a block in a reasonable amount of time on their own.

As stated on the official blog pages, the best way to mine Zcoin is:

How to Mine ZCoin with Nvidia

This guide is for you if you have an Nvidia GPU. As already mentioned, you can use sgminer if you have AMD based graphic cards.

  1. In order to mine XZC, first thing you have to do is to get their wallet. For Windows and other operating systems, you can get the Zcoin official wallet from here. We recommend installing the electrum ZCoin wallet. Once you download the wallet, just select the installation directory and when the installation is over you can run the “electrum-xzc-version-number.exe”). It may ask for network permissions, and then you can create your new default_wallet.
  2. Choose a Standard wallet and create a New Seed. Memorize the seed, or write it down on a piece of paper. Choose a password to encrypt the wallet if you wish, which is a wise move in any case. Click on Receive, like in the image below and record your Receiving address. You would use this address to set up your miner and collect the coins you have mined.
  3. Now, it’s time to download the Nvidia ccminer. You can download it from here.
  4. Next, you have to create a simple text file with the extension BAT in the same directory as ccminer. You can give it a name, for example, “my-XZC-miner.bat”. There should be one line of code in this file. For example like this:ccminer.exe -a lyra2z -o stratum+tcp://us-east.lyra2z-hub.miningpoolhub.com:20581 -u USERNAME.WORKERNAME -p x Here, you would have to go to miningpoolhub.com and register first with your username, and if you wish create a new worker (but you don’t have to). Then enter your username before running the bat file.
  5. The part -a lyra2z means that you want your ccminer to mine using the lyra2z algorithm. The part -o stratum+tcp://... indicates the mining pool, which in this case means you will use the MPH mining pool. You are free to choose any other pool from the list of pools below. The URL and port number will change from pool to pool. Each mining pool usually provides detailed instructions how to connect and join the pool of miners. For MPH you would have to register first and then enter your user name in the -u field. The password field is not required.
  6. You can now connect to the stratum and mine. Don’t forget to enter you wallet address (as Receiving Address) in the corresponding field in your account settings on the MPH website.

List of ZCoin Pools

Currently we’ve found three ZCoin pools you may start mining with:

suprnova.cc

f2pool.com

miningpoolhub.com

What Graphic to Use?

Lyra2z coins like ZCoin do good with the Nvidia Graphic Cards of the latest generation. If you currently don’t own a GPU and if you are looking for a good model, our recommendation is GTX 1080 Ti.

Exchanges

Once you have enough ZCoins in your wallet, you may decide to keep them or exchange them. Currently XZC is supported on the following exchanges:

Binance

Bittrex

Upbit

BX Thailand

Bitcoin Indonesia

TDAX

AEX

Cryptopia

LiteBit.eu

CryptoBridge

CoinExchange

Trade Satoshi

Where to Learn More about Zcoin?

Zcoin Blog

Zcoin Telegram

Zcoin Twitter

Zcoin Github

If this post was useful to you, consider buying me some pizza, XZC address: aHHS6ZVbMEtdhmKdfMx2RNGTduhKLDNtT5

Happy mining!

Stipend is a relatively new decentralized platform for hiring people online based on blockchain technology. Their cryptocurrency is Stipend coin (SPD), which can be mined, and if you have a good GPU, the profit can be quite OK. This coin drew my attention as I was looking for a profitable coin for my NVidia GTX 1080 Ti graphic card.

Stipend uses instant payments, low payout fees, staking capabilities of their wallet, master nodes, and other goodies.

My internal mining calculator gave me an approximate estimate which fitted well in what I would expect for a daily return in BTC, so I decided to give it a try.

At this moment, if you go to whattomine.com and crypto-coinz.net you won’t find SPD listed there, simply because it uses an algo called C11. I wasn’t able to find any C11 algorithms over there. But NVidia graphic cards are capable of working very well with this algo, meaning it can be profitable.

So, Stipend is certainly among the coins that are currently very profitable, especially if you are searching for C11 coins to mine.

We all know that these days solo mining is not feasible. You have to mine in a pool unless your hashing power is huge. There are some really good mining pools you can plug your GPU card into and earn come coins almost immediately.

Now if you own an AMD Gpu you would like to choose sgminer, for Nvidia, the best choice is ccminer. C11 resistant to both ASIC and Nicehash, well, at least currently.

Other coins include CHAINCOIN, INTERZONE, FLAXSCRIPT, DIXICOIN, BITHOLD and others.

Read about the other properties of Stipend on their website. According to their roadmap, the team members will reveal their identities Q3, 2018. Before mining, check also bitcointalk. That’s always a great source of information.

How to Mine Stipend

This guide will be for Nvidia GPU’s. You can probably do something similar with AMD cards and sgminer.

  1. If you want to mine SPD, first thing is to get the official Stipend wallet. For Windows Users you would have to get this wallet from here. Choose the right wallet for the OS you have from their official website. Once the wallet is downloaded, you just run the file called “stipend-qt.exe”). It may ask for some network permissions, and after you allow them, it should start up and connect to the network. In case you have problems connecting the wallet with its nodes on the internet (just like I had) then try this wallet no sync guide.
  2. Let the Stipend wallet load. Then go to Receive in the menu on the left, and make note of your address. That’s all you need need from your wallet at a present time. You would use your address in the steps below to set up your miner. You will also receive the coins you have mined on that address.
  3. Now you have to download the Nvidia miner. For Nvidia GPUs, one of the best miners is ccminer. You can get it from here: Alexis78 build.
  4. Next you need to create a bat file in the same directory where ccminer is located. This is a simple document. You can name it, for example, “my-stipend-start.bat”. Now write a single line of code into this file. The following is a template: ccminer.exe -a c11 -o pool-url:port -u username -p password For example, here I will use as an example the protopool mining pool, and the file should look like this: ccminer.exe -a c11 -o stratum+tcp://eu1.protopool.net:3583 -u SkaiH76hiXTCWuXAA9CftGke3AHU1niEDy -p c=SPDThe part -a c11 tells the software that you intend to mind the C11 algorithm. The part -o pool-url:port is about the mining pool you are going to use and the port number to connect. The port number will be different from pool to pool. Here I selected protopool.net:3583, I mined there something like less than one day. Feel free to choose any of the SPD pools listed below. They should all give you the same results over time. Select larger pools for greater consistency in payouts. Check the detailed instructions for each pool separately. For example, protopool doesn’t have a login and password. In the password field you are supposed to give the currency you will mine: -p c=SPD. Don’t forget to change the above username to the wallet address you copied in step 2.
  5. Once you have put all important switches in the bat file, save it. You are now ready to start your job. Just double click it and the miner will connect to the pool stratum and start mining.

List of Stipend pools

Here is a list of Stipend pools you may find convenient to start mining. There are many more, but this is enough to get you started:

hashfaster.com – 1% fee

protopool.net – 1% fee

bsod.pw – 0.9% fee

lycheebit.com – 1% fee

What Graphic Card Should You Use?

C11 coins like Stipend are good for the newest Nvidia Graphic Cards. As for the AMD, you should check the profitability rates, I haven’t tried that myself. In any case, be aware that profitability varies from day to day, even from one hour to the next.

If you currently don’t have a GPU, our recommendation is this GTX 1080 Ti, Nvidia Graphic card.

Exchanges

Once you have your coins in your wallet, you will have to make a decision, whether you are going to stack them or go to an exchange with them. Currently SPD is supported on the following exchanges.

CryptoBridge

Masternodes.online

If this post was useful to you, consider tipping some SPD coins to my address, SkaiH76hiXTCWuXAA9CftGke3AHU1niEDy  Happy mining!

Bulwark is a privacy oriented cryptocurrency that utilizes a combination of proof of work (PoW) and proof of stake (PoS). If you are like me trying to find new, potentially profitable coins to mine, then you know about sites like whattomine.com and crypto-coinz.net. Bulwark is certainly one of the coins that will appear on those sites as the most profitable ones, especially if you are searching for NIST5 coins.

Of course, when you mine these days, you almost always mine in a pool, as solo mining is not so feasible, that is, unless you have tremendous hashing power. So, you would have to plug you hardware into a mining pool to see rewards pretty immediately.

NIST5 is a crypto algorithm, and Bulwark is one of the nist5 algorithm coins. Other coins include ELECTRA, DENARIUS, FALCON, NAMECOIN and others. This algo tries to be better than the other mining algorithms out there by its low power consumption and low temperature of the graphic card. It also provides good security and performance.

In addition to mining, if you decide to be a coin holder, you may choose to operate a Masternode. It is not easy to do that, but if you manage to run a masternode, you will get a combination of PoW and PoS block rewards. Bulwark is projected to have about 14 million coins by the end of its first year of operation. Block time is 90 seconds and miners are rewarded with 50 coins per block for the first quarter of year one. A total of roughly 3.5 percent of the PoW generated coins were premined to pay for development, marketing and exchange listing.

Read about the other features of this coin on the corresponding website. Make sure to check the team, whitepaper, and github.

How to Mine Bulwark

This is a guide for Nvidia based graphic cards.

  1. If you decide to mine this coin, first thing you would have to do is to download the official Bulwark wallet. Depending on your operating systems you would have to choose different wallets. For example, if you have a Windows 64-bit operating system you would have to download this wallet. You can even find a paper wallet, which is the most secure, but somewhat trickier to work with. Choose the right type of wallet for your OS from the official website. Once downloaded, extract the wallet and run it (on my computer I had to run the file called “bulwark-qt.exe”). It may ask for network permission, which you should normally allow.
  2. Let the wallet load and then go to “File–>Receiving Addresses”, and copy your address. That’s more or less all you need to get from the wallet. You would have to use it later when you set your miner up. After the mining you will also receive your coins on that address.
  3. Now download your miner. For Nvidia GPUs, I have found that one of the best mining option is to use ccminer. That being said, there are many ccminer versions, not all of them suitable for mining NIST5 coins. You could choose any newer ccminer version. One of the best would be the tpruvot ccminer in the Alexis78 build.
  4. Next you should create your start file in the directory where ccminer is. It is a simple text document with the extension “bat”, for example “mystartfile.bat”. All you should do is write a line of code into it, like this: ccminer.exe -a nist5 -o pool-url:port -u username -p password For example, if I were to use bsod.pw mining pool, the file would look like this: ccminer.exe -a nist5 -o stratum+tcp://pool.bsod.pw:3833 -u bbghHkBZrWAgDGz1RRCq5PjDCdYPpbhvau -p c=BWK
    The part –a nist5 tells the miner what algo you are going to mine. The part -o pool-url:port tells the miner about the mining pool you have chosen. Here I selected bsod.pw for no particular reason. Feel free to choose any of the BWK pools indicated below. They should all give you more or less the same results in the long run. If the pool is larger in terms of hashing power, you will see more consistency in the payouts. Make sure you check the fine details too. For example, this particular pool doesn’t have a password, instead you can choose your currency in the password field, like in the example above: -p c=BWK. Don’t forget to change the username to your wallet address, -u wallet-address as well.
  5. Once you have put in all relevant info in this bat file, save it, and you are ready for mining. Just double click this file and ccminer will connect to the pool and start mining.

List of Bulwark pools

Here is a list of pools  you may choose to start your mining adventure along with their current fee structure. There are many more, but this list should be enough to get you started

bsod.pw – 0.9% fee
bulwarkpool.com – 0.5% fee
hashrefinery.com – 1.25% fee
yiimp.masterhash.us – 1% fee
yiimp.poolofd32th.club  – 0.5% fee
umine.org – 0.5% fee

What Graphic Card Should I Use?

NIST5 coins like Bulwark are supposed to be very good for the Nvidia 9xx series. As for the AMD graphic cards, they should give way less hashing power with cards of corresponding price, but I haven’t checked this personally. You should go to whattomine.com enter your graphic card and check the NIST5 Hash rate in Mh/s. Then you may check your profitability with that hash rate for mining Bulwark here. Please note that profitability is a variable that depends on the current difficulty for mining, exchange rate, and other factors. It may change rapidly throughout the day.

If you want currently the best of the best Nvidia mining cards, our suggestion is EVGA GeForce GTX 1080 Ti, K|NGP|N edition.

Exchanges

Once you have your coins mined, you might want to exchange them, so the question is where to go. Currently there are four exchanges supporting it. The number will certainly increase in the future.

CryptoBridge

Cryptopia

Stocks.Exchange

Coinsmarkets

If you found this guide useful, you may consider donating some BWK coins to my address, bbghHkBZrWAgDGz1RRCq5PjDCdYPpbhvau Happy mining!

When I was considering what would be a good cryptocurrency for my NVIDIA Pascal-based card, LUX popped out as one good possibility. In this post I am going to give you a short step-by-step guide into mining Luxcoin (LUX).

Luxcoin (LUX) is a promising new cryptocurrency with interesting features and from what I can tell a good team of developers. This is usually a good indication for me to step into it and try to mine it. Among the other features, LUX offers decentralization, Parallel Masternodes, and a “Static” model for staking (PoS).  Their PoS is referred to as “Proof of Stake 2”, which means that it allows rewards for staking no matter how many coins you have.

The algo is PHI1612 (combined PoW and PoS). This algorithm is arguably one of the most effective GPU algos for mining. It means that the GPU hash rates are high enough without too much power consumption. So your electricity bills won’t be too high. Moreover, PHI1612 is ASIC resistant.

LuxcoreThe Parallel Masternodes are built on SAM Protocol and i2pd Technology. This means that Lux’s security is substantially improved.

Luxcore also aims at releasing future updates with Segwit, LuxGate, and  smart contracts implemented.

Luxcoin Mining Guide For Nvidia GPUs

Let’s get right to it:

          1. Go download the wallet. This is the current release, 4.2.0. This will certainly change in the future, so check their website for a newer release. There are also Linux, and Mac wallets, as well as source code that you can compile yourself. Next, you should install the wallet and open it. Go to “File->Receiving Address”. A window like this will show up:Copy the address, you will have to paste it in your mining program configuration file. If the wallet wouldn’t connect to the network, you should update the wallet configuration file with active nodes you can find online.
          2. Now go and download a mining program. I’am using the ccminer-phi-anxmod release, which gives me a decent hashrate. You can also use ccminer 2.2.2 with PHI support, as people also suggest this is a fast mining software. Download ccminer and extract it into a directory of your choice.
          3. Edit the configuration file like this: 
            ccminer.exe -a phi -o stratum+tcp://eu2.bsod.pw:6667 -u LRzWdmsJ67sbXHeU1Shi64Pmk8ygFrRZqF -i 22 -p c=LUX -d 0 --cpu-priority=3
            pause
          4. Change “LRzWdmsJ67sbXHeU1Shi64Pmk8ygFrRZqF” into YOUR own receiving address that you copied in step 2.
          5. Change -i 22 into whatever intensity for your GPU you would like to have. More means faster, but at certain point your Graphic card will stop functioning. Leave it at auto if you are not sure.
          6. If you have several GUPs, the “-d” switch will help you choose what is the GPU you would like to use for LUX mining. Otherwise, if you have only one, you shouldn’t use this option.
          7. You can test whether or not “–cpu-priority=3” will give you more hashrate. If not, delete it from the configuration file.
          8. From the above you can see that I am using the bsod.pw mining pool. You can choose from several other mining pools (make sure to change the URL accordingly):
            https://www.unimining.net/
            https://pool.coin-miners.info/
            http://antminepool.com/
            https://altminer.net/
          9. If you are doing everything right you should see something like this: 
          10. Now, go to the mining pool website  and enter your wallet address to follow the statistics of what you earn. Happy mining!

 

What is the Roadmap of LUXcoin?

It remains to be see what the future of LUX is. At the moment, we can check the LUXCoin Github, to follow their progress in updates and development. If you check on Cryptomiso website, they are currently holding place number 69, with over 500 commits, which is promising. As for their roadmap, here it is:

LUXCoin Trading

LUXCoin didn’t do any ICO. Rather they did premining where they pre-mined 5% of the total supply. At the moment the only exchange LUXCoin is listed on is Cryptopia. This is good to know if you decide to trade your mined coins rather than HODL-ling them.

The Bottom Line

Before you spend time mining this coin, check out this coin calculator. Enter your hash rate and see, at least an estimate of what you are going to earn. The estimate is not very accurate, but you will get a good sense of what you can or can’t expect.

LUXCoin appears to be an ambitious project. Decide for yourself if it pays out for you to enter with your hardware power and support it and in the process earn some coins.

Additional info you can find in their whitepaper or you can learn more on their website, sub-Reddit, Github, Explorer, or Discord channel.

Disclaimer

Butka.me authors may or may not have a vested interest in any of the businesses and projects reviewed on this website. None of the posts and content on Butka.me is investment advice. No information given on Butka.me should be considered a replacement for advice from a certified financial planner.