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Ravencoin Starting Guide
In this start mining guide, you will learn about Ravencoin and how to mine this cryptocurrency on Cruxpool.
Table of contents
- What is Ravencoin?
- Open a Ravencoin wallet
- How to mine Ravencoin on Cruxpool?
- How to mine mining Ravencoin with NiceHash
What is Ravencoin?
Ravencoinis an open-source project which has been built on a fork of the Bitcoin code. This cryptocurrency has specialized in asset transfer. So, this cryptocurrency uses theUTXO systemfrom Bitcoin. In this model, which meansUnspent Transaction Output, each transaction has its origin an output of an old transaction and generates new outputs. It also uses aProof-of-Worksystem and theKawpowalgorithm.
LikeBitcoin,RVNcryptocurrency has a limited number of coins which is 21 000 000 coins. The project can be glad to have launched their project without premine or ICO.
For more information about the project, you canread the white-paper.
Open a Ravencoin Wallet
Developers have worked on an official wallet. This wallet allows us to store, send, receive all your RVN, but you can also use a third party multi-coin wallet likeTrust WalletandExodus Wallet.
Please note: Ravencoin crypto wallet addresses are case sensitive.
To learn more about Ravencoin addresses: https://learnmeabitcoin.com/technical/address.
Create a wallet
After downloading and installing the software. Launch it and Generate a recovery phrase and enter a recovery passphrase. This has to be kept in a safe place to prevent any securities issues. Once you made it, your Ravencoin wallet must be synchronized with the Raven network. After that, you can send, receive and use your wallet.
Create a Ravencoin reception address
To receive RVNtransactions, you have to click onReceive. First, you may need to fill the form. You have three inputs to fill, a label, the amount you want and a simple message. This form is optional, but it can be useful when you ask a transaction or if you’re going to remind yourself what address is for what. For your mining activity, we suggest you write Cruxpool in the label section. Thanks to that, you will know that this address is for yourCruxpoolmining. After that, click onAsk a payment, and the software will generate a wallet address. You can copy this wallet address thanks to a click to copy button or with the Q.R code. You will see your address in the table on the Receive section or click onFolder, thenReceiving address.
How to mine Ravencoin on Cruxpool
Before we give you the instruction to connect on our pool, it is essential to share with us basic knowledge about miningRavencoin.
To secure the network,RVNusesProof-of-Worksystem, and it is, of course, miners who supported the blockchain. The Raven cryptocurrency uses aKawpowmining algorithm and itismining isASIC-resistant.
You will be able to mine this cryptocurrency only if you have a minimum3Gb VRAM graphic card.
Cruxpoolprovides aRavencoinmining pool. We use a1% PPSscheme, andtransactionsrun every3 hours.The minimum threshold is 50RVN and the maximum is 10.000, but by default, we have set the threshold to 50RVN.
To connect your workers to ourmining pool, you have to put your address on your Ravencoin mining software.
There are several mining softwares for Ravencoin mining. Here is a list ofsoftwaresthat you can use for mining this cryptocurrency.
Mine RVN with Miner
Mine RVN with Teamredminer
You can also use Kawpowminer as your Ravencoin mining software.
Kawpowminer is a Ravencoin mining software. This mining software which is an Ethminer derivative for KAWPOW algorithm used by Ravencoin.
Kawpowminer is a command-line program. This means you launch it either from a Windows command prompt or Linux console or create shortcuts to predefined command lines using a Linux Bash script or Windows batch file.
First, you have to download the software through this link. Make sure you choose the right file for your OS. If you are on Linux, take the file in .tar.gz, if you are on Windows, take the file in .zip.
After the download, be sure you have all the files necessary to use the mining software, like vcruntime140_1.dll and download the last driver version for your card and the last CUDA version if you have an NVIDIA GPU.
Once you made that, you have to create the script file that will launch your mining. To do that, create a text file which will receive the command line useful for your Ravencoin mining. After that, save as a bash file – .sh – if you are on Linux or a batch file – .bat – if you are on Windows.
You can generate a personalized mining command-line thanks to our command-line generator that is available on our homepage. Click on the button below to access it.
Command line generator
After that, save the file and launch it. Your RVN mining on Cruxpool will be starting.
How to mine Ravencoin on NiceHash
After registering or logging into your NiceHash account, click on Hashrate Power Marketplace and then on My Pools. Once on the page, click on Add new pool. To set up Cruxpool mining pool on NiceHash, you must fill the following fields in the New pooldisplay.
Custom pool name: Cruxpool Ravencoin
Algorithm: KAWPOW
Stratum Hostname or IP: rvn.cruxpool.com
Port: 29999
Username: Your wallet address or your username
Password: x
