April 2023 Work Progress Report: New Coin – Kaspa, Ergo Block Reward Reduction
Kaspa on 2Miners
We are pleased to announce that 2Miners pool has expanded its mining offerings to include Kaspa (KAS), an innovative cryptocurrency with a focus on scalability, security, and decentralized governance. Recognizing the growing interest in Kaspa mining among our community, we have made it easy for both GPU and ASIC miners to join our pool and benefit from its features.
Kaspa mining on 2Miners is available for both SOLO and PPLNS mining options. We have set up dedicated ports for ASIC miners, with port 3434 for the SOLO pool and port 2222 for the PPLNS pool. These ports have been thoroughly tested and optimized to minimize the number of invalid shares for ASIC devices, ensuring a smooth mining experience. How to Mine Kaspa with ASIC and GPU: Settings, Extra Rewards, Dual Mining
2Miners is known for its commitment to fairness and transparency, and we continue to uphold these values with our Kaspa mining offerings. We are the only pool that pays out the full block reward, including the extra 233 KAS in case of retroactive block rewards. This means that miners receive the maximum possible payout for their mining efforts.
In less than a month more than 2000 miners joined our KAS pools with a total hashrate of almost 80 TH/s making 2Miners the Top-10 pool for Kaspa mining. We plan to add the BTC payouts option to our Kaspa pools in the nearest time. You could already get paid for ETC, ERGO, RVN, ZEC mining in BTC if you mine on 2Miners.
Ergo Block Reward Reduction
Ergo, a Proof of Work blockchain, follows a predetermined emission schedule for its native ERG tokens. In April, the block rewards decreased from 42 ERG to 39 ERG, in line with the planned schedule. To ensure the long-term sustainability of the mining protocol, the Ergo Foundation proposed EIP27, an amendment to the emission schedule.
EIP27, which received over 90% approval from the mining community, extends the emission schedule by approximately 17.38 years. This extension provides Ergo with more time to establish the necessary crypto-economic security for its blockchain, promoting continued growth and development.
We have recently made improvements to our Monero mining pools, focusing on optimizing server performance. One of the key changes we implemented was increasing the share difficulty from 120K to 480K. This adjustment was made to enhance the efficiency of our servers, allowing them to better handle the growing number of miners. What is Share and the Share Difficulty When You Are Mining at the Pool?
It is important to note that the change in share difficulty does not impact the rewards received by miners. Share difficulty is a parameter that affects the amount of work required from miners to submit a valid share. By increasing the share difficulty, we reduce the number of submitted shares, which in turn reduces the load on our servers, leading to improved stability and performance for the mining pool.
Our goal with these updates is to provide a better mining experience for our users, ensuring that our mining pools are reliable and efficient.
Mining Pool Updates
Maintaining up-to-date cryptocurrency nodes in a mining pool is essential for various reasons. First and foremost, it guarantees the network’s security and stability, as updates frequently contain fixes and enhancements for safeguarding against potential threats. Second, it improves mining effectiveness and performance by integrating optimizations and modifications into the software. Lastly, keeping current with updates enables miners to adjust to shifts in consensus protocols and algorithms, ensuring compatibility and preventing potential income losses.
This month we updated the nodes for Monero and Cortex mining pools.
Monero v0.18.2.0-release Fluorine Fermi, Major Point Release 2. This is the v0.18.2.0 release of Monero software, which brings various bug fixes and improvements, particularly in block propagation time. Key highlights of this release include an added cache for a significant increase in block propagation speed, fixing ping issues to discover healthy peers for connection, updating OpenSSL to 1.1.1t, and many more minor bug fixes and improvements.
Cortex 1.10.41-stable-51b6aae2 includes the protocol upgrade & potential bugs fix. And at top of that, we installed the 1.10.42 version with a hotfix.
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