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I switched from Ethereum to Ravencoin mining

By Mchoeti | Mchoeti | 23 Jan 2021


Mining Ethereum with 4GB cards ends Dec 2020

Well it was late in December 24 since Ethereum reached the predicted block size. This means it is no longer possible to mine Ethereum with 4GB cards. It was a really nice income over the laste years but it is over now..  But wait is it really over ? Well i switched to a different coin. And this coin is Ravencoin. It is more or less a fork of Bitcoin and the best thing it the coin is at the moment at -75 at it`s all time high

What Ravencoin really is: 

This quote is from the Ravencoin homepage: https://ravencoin.org/ 

Ravencoin is a protocol based on a fork of the Bitcoin code which adds features specifically focused on allowing tokens to be issued on the Ravencoin block chain. These tokens can have whatever properties the issue of the token decides - so they can be limited in quantity, named and be issued as securities or as collectibles. 

Ravencoin Mining Pool:

Mining Ravencoin is really easy. As i mentioned before i am using my old Ethereum mining hardware, Some AMD RX 570 und RX580 cards to mine some Raven. It is fair to say, that Ravencoin was designed for ASIC resistance. The use now the KAWPOW algorithm.  

Here is the pool which i am using: https://ravencoin.flypool.org/start  They have a really clean and simple interface and you can start very quickly. Please see here my miner with 3 cards , all with 4GB cards. And of course they payout at my predefined limit. I think minimum is  at the moment 50RVN but i set the payout limit to 400 to save some fees.  Here is a screenshot of the last payouts

473d404df92d2ee0a8a5b16a36eb0c2b6bed5e7f81d5d415d35a56454fe8898a.png

I am Using the mining software from Team Redminer. Here is the Github release link: https://github.com/todxx/teamredminer/releases  And here is a screenshot of one of my miners after 5 days uptime.

45f5fd844001483e40368378d1bce4c63ac15be1664068ec0328cd6b947fff06.png

How to sell:

I send my Ravencoins to my wallet and then i transfer it to Bincance. At the moment they have 4 paris. 
RVN/BTC ;  RVN/BUSD ; RVN/USDT ; RVN/BNB  (This is a screenshot from 23.01.2021)

2e5bab55bdcda0a15dac499a234953f31352a0270c8d5a76e8f0bdf566f19c81.png

When you are not a Binance user, please use my affiliate link to same some trading fees. It will also help me to reduce mine. Her it is;

BINANCE Link: https://accounts.binance.com/en/register?ref=BW3WRFHC

All the best, stay save and have a nice evening. 

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Mchoeti
Mchoeti

I am from Europe and i am just crazy about the combination of the IT and history. Based in Austria i am searching for the perfect solution to combine History and IT.


Mchoeti
Mchoeti

Hi everybody, welcome to my blog. I will try to write about new investment possibilities. And sometimes for my german speaking friends, they are written in German. All the best and stay healthy

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