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Cryptonight Algorithm And How To Mine Cryptocurrency Monero, Bytecoin Etc.

Cryptonight Algorithm And How To Mine Cryptocurrency Monero, Bytecoin Etc.

1. You need a program for mining. Go to the link to the website Minergate . 2. Register on the website clicking "Sign up" 3. In the Downloads tab choose one of three options GUI miners, Console miners, Admin edition and download the program for mining. I recommend GUI miners tab for the beginners . 4. Install the program on your computer according to your operating system, run the program and enter your login and password. 5. Go to the "Miner" tab and choose the currency you want to mine. In "PU cores" choose the number of processor cores that will work for mining. I dont recommend to load up all the cores, because the computer will work very slow. You can also connect a video card to help the processor. My video card mines Ethereum, so I use only 2 cores of the CPU. In the "Dashboard" tab on the website you will be able to see the indices of your mining. You can withdraw your coins using the "Dashboard tab on the website or using the program in the "Wallet" tab. You will also receive fun rewards. Notifications can be disabled in the "Achievments" tab. In the "Calculator" tab on the website you will be able to calculate the approximate number of coins that you mined on your hashrate. I have a i5 3570K processor. It produces hashrate of about 60-100 H/s on 2 cores. The amount of mined coins is small, but I have only one computer. If you have several of them, then using all your computers for mining you can get a substantial hashrate and a lot of coins. You can also earn something from an affiliate program on this website. In the "Affiliate program" tab you will get a link, which you can share with your friends, partners, acquaintances. You can trade coins on the exchange (Poloniex or Hitbtc). That's all I wanted to tell you about the CryptoNight algorithm and mining the Continue reading >>

Cryptonight - Crypto Mining Blog

Cryptonight - Crypto Mining Blog

All About BTC, LTC, ETH, ZEC mining as well as other alternative crypto currencies BXB-Miner is a New Cryptonight AMD GPU and CPU Miner There is a new miner on the block called BXB-Miner that supports many different variants of the CryptoNight algorithm intended for AMG GPU miners, though it also supports CPU mining, that comes with a graphical user interface (kind of) as you still need to the the setup in a config file. It is a closed source miner, available only for Windows for the moment, though surprisingly there is no developer fee as we are used to see with most non-opensource miners. Performance wise the miner does seem to do pretty well compared to other alternatives, though do note that the BXB-Miner is still in early beta, so there is a more work needed to make it more user friendly. Still you might be interested in giving it a try. XMR-AEON-STAK 2.4.6 With CryptoNight Support for CPU, AMD and Nvidia GPUs If you are looking for a CryptoNight miner that supports all kinds of variations of the algorithm as well as one that works on CPU and GPUs, then the XMR-AEON-STAK miner (forked from XMR-Stak) might be your solution. The latest version of the mienr comes with support for all kinfs of CryptoNight coins such as Aeon, Bbscoin, Bitcoal, Croat, Dero, Dinastycoin, Edollar, Electroneum, Fonero, Graft, Haven, Intense, Interplanetary Broadcast Coin, Italocoin, Iridium, Karbo, Leviarcoin, Masari, Monero, Stellite, Sumokoin, Superioir, Turtlecoin, Ultranote and more. The miner supports Cryptonight, Cryptonight V7, Cryptonight Heavy, Cryptonight Lite V7 and Cryptonight IPBC V3 and you can mine with it on your CPU, AMD GPU (OpenCL 2.0) or Nvidia GPU (CUDA 9) all in one package. The XMR-AEON-STAK 2.4.6 miner is currently available only with a Windows binary release that c Continue reading >>

Cryptonight - Bitcoin Wiki

Cryptonight - Bitcoin Wiki

CryptoNight is a proof-of-work algorithm.It is designed to be suitable for ordinary PC CPUs, but currently no special purpose devices for mining are available.Therefore, CryptoNight can only be CPU-mined for the time being.CryptoNight was originally implemented in the CryptoNote codebase. CryptoNight relies on random access to the slow memory and emphasizes latency dependence. Each new block depends on all the previous blocks (unlike, for example, scrypt ). The algorithm requires about 2 Mb per instance: It fits in the L3 cache (per core) of modern processors. A megabyte of internal memory is almost unacceptable for the modern ASICs. GPUs may run hundreds of concurrent instances, but they are limited in other ways. GDDR5 memory is slower than the CPU L3 cache and remarkable for its bandwidth, not random access speed. Significant expansion of the scratchpad would require an increase in iterations, which in turn implies an overall time increase. "Heavy" calls in a trustless p2p network may lead to serious vulnerabilities, because nodes are obliged to check every new block's proof-of-work. If a node spends a considerable amount of time on each hash evaluation, it can be easily DDoSed by a flood of fake objects with arbitrary work data (nonce values). Continue reading >>

Cryptonight Asic Mining Pool Minergate

Cryptonight Asic Mining Pool Minergate

Nicehash compatible pool. Buy hashing power through Nicehash and mine on MinerGate Pro. I mine Monero exclusively, Minergate is one of the best, good size pool, always up for me. I highly recommend. They seem to have many cryptonight algorithms but I did see they offer Eth, Zcash and BTG so if those are your coins then you should check this place out. Low fees, great community, easy to mine for new people or experienced miners, always available I have not had any down time, I am running a 6 GPU rig I am mining Monero everything is great. Best pool to mine xmr for me. Cant say much about their software since I use claymore, but profit I make is good. lso love the new troll box but the support person could be there more often, moderators cant always answer to some of the questions MinerGate PRO #1 professional mining pool, providing high-end merged mining service More than 20,000 miners use merged mining feature at this moment Most of Monero forks products turned out to have no real value, however, one project managed to remain relevant and interesting for users - Monero-Classic (XMC). At the moment, XMC is more or less the only Monero's fork with actual roadmap, strong developers' team behind it and promising future directions. Our development team was the first to implement the merged mining feature, i.e. the simultaneous mining of two coins based on the same CryptoNote algorithm. This feature allows to mine two currencies simultaneously without losing the hashrate for the main coin, thus significantly increasing the profit. Continue reading >>

Cryptonight & Cryptonote Explained

Cryptonight & Cryptonote Explained

CryptoNight is a proof-of-work hashing algorithm originally designed by the Bytecoin and CryptoNote developer teams. It was originally designed to accommodate CPU and GPU mining whilst at the same time being resistant to Application-Specific Integrated Circuits, or better known as, ASICs. CryptoNight as an algorithm can be thought of as something similar to SHA-256 , the mining algorithm used for Bitcoin , or Scrypt , the algorithm used within the Litecoin protocol. CryptoNight was envisaged as an egalitarian hashing algorithm because it can be computed by CPUs and GPUs, but is impractical for use by ASICs. The CryptoNight algorithm does this by: Requiring access to memory Traditional ASICs are suited to hashing algorithms such as SHA-256 because it does not require the device to access memory in order to submit a result. Instead, the ASIC is limited simply by the number of calculations that it can perform per second. This is to the disadvantage of CPUs and GPUs which do have memory functions built in, therefore, inherently limiting the number of computations that they can perform. Furthermore, each time memory is accessed, the CryptoNight requires 2 MB of memory. This is problematic for some ASICs as they do not have memory functions built into them, therefore, CryptoNight is said to be memory-hard . Latency dependence Latency refers to the length of time it takes for a calculation to be issued and for the result to be returned. For example, if a calculation of 2+2 were to be issued, and it takes 3 seconds for the result of 4 to be returned, then the latency is 3 seconds. Furthermore, dependence refers to the notion that a second calculation cannot be performed until the result of the first has be returned, i.e. there is a dependence on the first calculation in order Continue reading >>

Cryptonote Vs Cryptonight .. What's The Difference??? : Monero

Cryptonote Vs Cryptonight .. What's The Difference??? : Monero

Monero can't be hacked to steal your funds, due to the power of distributed consensus. This means that you are responsible for your own money, and don't have to trust any entity to keep it safe for you. The power of the blockchain usually increases security at the cost of privacy, but with Monero's sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs. By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to any particular user. Because of its on-by-default privacy technologies, Monero is fungible, which means that one Monero will always be equal to another. This ensures that there will be no discrimination over the origin or history of your coins, lessening the worry of potential blacklisting by exchanges or vendors. Breaking the guidelines may result in a deleted post and possible ban. Discussion of using Monero to break the law is disallowed. Follow redditquette and the rules of reddit. Continue reading >>

Cryptunit - Hi. What Are You Mining Today?

Cryptunit - Hi. What Are You Mining Today?

How to mine CryptoNote currencies? Cryptonote algorithm based cryptocurrencies, it relies on Ring Signatures in order to provide a certain degree of privacy when making a transaction. CryptoNote is a Proof of Work cryptocurrency that can be miner with computational power from a CPU or GPU. There are currently no ASICs for Monero, which means that anyone with a computer can mine it! The first thing you need to think about is if you are going to mine solo or on a pool. Mining on a pool usually comes with a fee but also has it's advantages. Users that don't have enough computational power may have to wait long periods of time before getting a reward, in a pool users pull their efforts together in order to reduce variance and have a steady flow of income. XMRigCC Enhanced version of XMRig that adds remote control, mass config edit, threadbased multihash mode, monitoring and TLS. GitHub Simple Miner Simple Miner is the easiest way to mine cryptonight coins with your CPU. Software is made for begginners and advanced miners to comfortable and efficient mining. Download XMR-Stak XMR-Stak is a universal Stratum pool miner. This miner supports CPUs, AMD and NVIDIA gpus and can be used to mine the crypto currency Monero and Aeon. GitHub XMrig AMD (OpenCL) miner XMRig is high performance Monero (XMR) OpenCL miner, with the official full Windows support. GPU mining part based on Wolf9466 and psychocrypt code. GitHub XMrig NVIDIA GPU miner XMRig is high performance Monero (XMR) NVIDIA miner, with the official full Windows support. GPU mining part based on psychocrypt code used in xmr-stak-nvidia. GitHub XMrig CPU Miner XMRig is a high performance Monero (XMR) CPU miner, with official support for Windows. Originally based on cpuminer-multi with heavy optimizations/rewrites and removi Continue reading >>

Cryptonite - Home

Cryptonite - Home

Cryptonite is the first implementation of the light weight mini-blockchain scheme . Nodes will never again spend days synchronizing with the network and the average user will not have to fear becoming a full node. This is possible because of our decentralized balance sheet approach . Cryptonite combines many great ideas developed by the altcoin community and also includes several novel features not seen in another cryptocurrency until now. Two innovative features which help improve security and trust are unmalleable transactions and withdrawal limits . Cryptonite achieves smart coin distribution by adjusting the difficulty and the block reward every block, adapting quickly to changes and providing smoother transitions. The dynamic max block size mechanism ensures that the transaction capacity of the network naturally grows over time. Cryptonite has an unparalleled potential for scalability and transaction capacity. The total coin supply has a full 64 bits of granularity , the nonce and timestamp have also been increased to 64 bits. The M7 PoW algorithm uses multiple cryptographically secure hashing algorithms. Cryptonite has superior support for micro-transactions because we don't have to worry about keeping any so called "dust" in the blockchain forever. Since blockchain bloat is not a problem, blocks can be larger and we can encourage the use of custom transaction messages . Cryptonite has full native support for multi-signature transactions , which require multiple parties to sign a transaction with different keys before it is considered valid. Multi-sig transactions are useful in many real world situations, especially for consumer protection and escrow schemes. IMPORTANT: Cryptonite is highly experimental software and the concepts underpinning it lack extensive tes Continue reading >>

Cryptunit - Hi. What Are You Mining Today?

Cryptunit - Hi. What Are You Mining Today?

Bitcedi (BXC) Read More Website Announcement Explorer Dinastycoin (DCY) Everyone who joins Dinasty of Freedom can freely open his/her shop on the Community Ownership Platform and see products and services with the request of accepting at least a 10% of the cost of his product in Dinastycoin. The platform has been developed tailor-made for the Community of Dinasty of Freedom by a team of programmers participating in the project and continuing to improve it by adding new features. It is possible to manage both B2C and B2B as well as C2C. From stores selling to the consumer, sharing products with other retailers, directly to your basket. Read More Website Announcement Explorer LeviarCoin (XLC) In a few words, LeviarCoin, by its nature, is not only a software protection tool, but also a currency. Goals of XLC: Create a currency that can be easily traded or used as in-app/software currency. Build a protection library to inhibit fraud in online applications and games. Embrace open-source philosophy by releasing all source code of software, libraries and by contributing with patches. Read More Website Announcement Explorer Sumokoin (SUMO) Sumokoin successfully forked at block height 116520! Sumokoin now use new algorithm named Cryptonight-Heavy. According to the SUMO devs, "Cryptonight Heavy is not a minor tweak on cryptonight, its an effort to create a modified asic resistant cryptonight pow without having to fork periodically." SUMOKOIN is created with a high level of privacy in mind, setting Ring Confidential Transactions (RingCT) with minimum ringsize (mixin) of 12 to conceal sources/amounts transferred and make it high resistance to blockchain analysis. SUMOKOIN is untraceable; sending and receiving addresses are encrypted, transacted amounts are obfuscated by default. T Continue reading >>

Cryptonight Is Poison Tim Olson Medium

Cryptonight Is Poison Tim Olson Medium

Complex proofs-of-work (PoW) give unfair advantages to those who can untangle these Gordian knots. Our team at altASIC got 5x better performance than the Bitmain X3 only because the CryptoNight PoW is complicated and we found new optimizations that were missed by the largest miner manufacturer in the world. Open source hardware implementation of classic CryptoNight - altASIC/Open-CryptoNight-ASICgithub.com CryptoNight has a long history of obfuscation and optimization. The original pseudonymous author secretly designed CryptoNight to be efficiently mined on a CPU, but the public code that was released was extremely slow and purposefully inefficient. Because CryptoNight was so complex, it took some time and a computer scientist to untangle it. David Andersen figured out efficient code and privately mined on AWS until his code was leaked to Bitcointalk. His story is a great read: I woke up on May 28th, 2014, on vacation with my family in the middle of the desert, to find a copy of my privateda-data.blogspot.com David Andersen really knows his stuff, and Im glad he got some cash, but we see how a complex proof-of-work serves only to aggregate coins to the elite miner writers. For a long time after Andersens miner, CryptoNight was presumed to be ASIC-resistant, since it had been designed to optimize CPU utilization. However, any proof-of-work that a CPU can do well, an ASIC can do smaller and faster with less power, and in 2017 it became clear from the growing Monero hashrate that one or more manufacturers had indeed developed an ASIC for CryptoNight. Building such an ASIC is not easy, and again we saw coins accumulate to only the best in the business. Now in 2018, our open-source release raises the bar again, by another 500%. We did this by overlapping some compute code i Continue reading >>

Cryptonote Technology

Cryptonote Technology

CryptoNote is the technology that allows the creation of completely anonymous egalitarian cryptocurrencies. A number of our community members have been focused on research and development for more than a decade. We aim to promote the derived principles to influence the contemporary economic paradigm. The current power distribution on our planet is the legacy of the world where the economy is controlled by the few. The status quo was shaped throughout centuries, making human beings engage in rat races, detrimental rivalry, and bloodshed. In spite of humanity's hope to overcome local crises through education and internationalization, we still fail to have full control over our lives. However, state-of-the-art advancements in technology, mathematics, and cryptography may become the key to subvert this paradigm. The advent of cryptocurrencies is the first sign that the new world is coming. It is marked with a hope that the economy will interlace with the technology, that communities will set new transparent principles, and impartial cryptographic algorithms will control its implementation. It is in our philosophy to encourage enlightenment through breakthrough innovations. Emancipation begins with laymen getting access to financial resources that will give the oppressed the hope for quality education, drinking water, and a better life. CryptoNote is not about creating yet another digital currency. It is the mindset and concepts that represent the first small step to regain the power over ourselves in order to live peacefully and prosper. The ordinary digital signature (e.g. (EC)DSA, Schnorr, etc...) verification process involves the public key of the signer. It is a necessary condition, because the signature actually proves that the author possesses the corresponding secre Continue reading >>

How Does The Cryptonight Algorithm Work?

How Does The Cryptonight Algorithm Work?

Answered 27w ago Author has 88 answers and 50.4k answer views There is plenty of info out there, so I'll assume that's out of your reach to grasp for this answer. Cryptonight takes a 2mb scratchpad and pulls an initial value, blends with a constant, and then checks against the desired hash result. If there is a match, great, otherwise the incorrect value becomes the basis for the next value as pulled from the scratchpad. The algorithm runs in a semi random fashion, and a very expensive fpga can optimize the algorithm very well, even though the memory requirements are significant. After 500,000 iterations (if my memory serves me correctly) the hash of the scratchpad is checked for a block match to the blockchain. The catch with fpga optimization is that when you rewrite the hashing process to generate similar results, your method will be different enough that your suggested blockchain direction will be significantly different from the majority of miners, so you will have to make sure to submit more than 50% of all hashes. I took a look at this earlier this spring, and it looked like I could manage to support around 16% of monero, but the chances of a reject block would be stupidly high, potentially as much as 2/3s of the time. Knut Andre , studied Business & International Economics Answered 8w ago Author has 507 answers and 442.3k answer views CryptoNight is a memory-hard hash function. It is designed to be inefficiently computable on GPU, FPGA and ASIC architectures. The CryptoNight algorithm's first step is initializing large scratchpad with pseudo-random data. The next step is numerous read/write operations at pseudo-random addresses contained in the scratchpad. The final step is hashing the entire scratchpad to produce the hash function: an efficiently computable fu Continue reading >>

Cryptonight. All About Cryptocurrency - Bitcoin Wiki

Cryptonight. All About Cryptocurrency - Bitcoin Wiki

Karbowanec (KRB) and a number of other currencies. AMD GPUs work with CryptoNight better than Nvidia, especially the latest AMD Radeon RX Vega GPUs. The software supplied with them is not devoid of shortcomings and can cause a headache when setting up mining , but the GPUs themselves give a really good performance if you use the CryptoNight algorithm. CryptoNight relies on random access to the slow memory and emphasizes latency dependence. Each new block depends on all the previous blocks (unlike, for example, scrypt). The algorithm requires about 2 Mb per instance: It fits in the L3 cache (per core) of modern processors. A megabyte of internal memory is almost unacceptable for the modern ASICs . GPUs may run hundreds of concurrent instances, but they are limited in other ways. GDDR5 memory is slower than the CPU L3 cache and remarkable for its bandwidth, not random access speed. Significant expansion of the scratchpad would require an increase in iterations, which in turn implies an overall time increase. "Heavy" calls in a trustless p2p network may lead to serious vulnerabilities, because nodes are obliged to check every new block's proof-of-work. If a node spends a considerable amount of time on each hash evaluation, it can be easily DDoSed by a flood of fake objects with arbitrary work data ( nonce values). The CryptoNote Protocol is the highest level of anonymity . The most important parameter for electronic currencies is confidentiality. The redistribution of payments without the exchange of data with third parties this is the difference between the crypto operations from the Bank. According to the criteria described by Okamoto and Ohta, secure electronic cash must necessarily be anonymous. The details of monetary transactions between the customer and the seller Continue reading >>

Cryptonight Algorithm Mining Software Overview And Comparison

Cryptonight Algorithm Mining Software Overview And Comparison

Cryptonight is a Proof-of-Work algorithm which is used by a number of privacy coins such as Monero, Electroneum and Bytecoin and can mined using computer CPUs and GPUs. In this article, we will examine most of the Cryptonight mining software, so readers will have a better understanding of each of the software, and can make a more educated decision on which one they want to use. This article is not trying to figure out which software is the best, since that needs to be determined by each individual miner, based on the features they want in a mining software. This article is more of a case study, overview of most of the Cryptonight mining software, as well as a how to, to be able to test them out for yourself. Any opinions or speed benchmarks presented in this article are just opinions, and rough estimations. They are not facts. Most likely, everyones mining setup will give different speed benchmarks, even if you have the same hardware and software setup that I am using. For the test setup, I will be using Windows 10, with 3 Vega64 GPUs. As for the drivers, I am using the Blockchain drivers at I will be mining Electroneum during this test and using as my mining pool. Currently I am using XMR-Stak, because I felt this mining software had the features I was looking for. I was curious though to see how well it performed against other mining software, and I wanted to also do more research on the features of the other mining software. Features I was looking for in the mining software Personally, my main priority was to find the fastest mining software. I also wanted the ability to remotely monitor if the miner was still running, and what speed it was running at. I do like the idea of open source software, but I mainly wanted the fastest miner. I also did not really care about Continue reading >>

Buy Universal Cryptonight Miner Pro - Microsoft Store

Buy Universal Cryptonight Miner Pro - Microsoft Store

AdFree Edition.A simple and smart app for mining various Cryptonight | Cryptonight-Lite | Cryptonight-Fast coins (Electroneum | Monero | Bytecoin | IntenseCoin | Graft | Sumokoin | Turtlecoin | DERO | Aeon | Ultranote | Masari | Stellite) with your PC.Cryptonight Algo Coins can easily mined with CPU power.Earn Cryptocurrency while sleeping... during working hours... during away from PC!Be aware: this is an INTENSIVE app which use CPU heavily.You can select the total threads for mining.With 1 thread the CPU is used at (around) 20%.You can set up to max threads, but we advise to NOT set more than the total cores of your CPU (which may turn your PC unresponsive).Of course to use the miner, you must be constantly connected to Internet (calculated hashes should be verified by an Mining Pool). AdFree Edition.A simple and smart app for mining various Cryptonight | Cryptonight-Lite | Cryptonight-Fast coins (Electroneum | Monero | Bytecoin | IntenseCoin | Graft | Sumokoin | Turtlecoin | DERO | Aeon | Ultranote | Masari | Stellite) with your PC.Cryptonight Algo Coins can easily mined with CPU power.Earn Cryptocurrency while sleeping... during working hours... during away from PC!Be aware: this is an INTENSIVE app which use CPU heavily.You can select the total threads for mining.With 1 thread the CPU is used at (around) 20%.You can set up to max threads, but we advise to NOT set more than the total cores of your CPU (which may turn your PC unresponsive).Of course to use the miner, you must be constantly connected to Internet (calculated hashes should be verified by an Mining Pool). Continue reading >>

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