How to Mine Ravencoin (RVN) with GPU and CPU

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Ravencoin (RVN) was created to address the increasing centralization of cryptocurrency mining caused by the dominance of specialized ASIC hardware. Launched in January 2018, it utilizes a unique ASIC-resistant algorithm called X16R, designed to favor CPU and GPU mining. This guide explains how you can start mining Ravencoin effectively.

What Is Ravencoin and Why Is It ASIC-Resistant?

Ravencoin is a decentralized blockchain platform built to enable instant payments and asset transfers. Its key innovation is the X16R mining algorithm, a modified version of the X15 algorithm used by Dash. Unlike traditional algorithms, X16R uses a randomized sequence of 16 different hashing functions. The order of these functions changes based on the hash of the previous block, making it extremely difficult for ASIC miners to optimize for performance.

This design ensures that mining remains accessible to individuals using consumer-grade hardware like GPUs and CPUs, promoting a more decentralized network.

Essential Hardware for Ravencoin Mining

Building an efficient Ravencoin mining setup requires careful hardware selection. Here’s a recommended configuration:

Graphics Processing Unit (GPU)

Central Processing Unit (CPU)

Other Components

👉 Explore recommended mining hardware

Creating a Ravencoin Wallet

Before you start mining, you need a wallet to store your RVN coins. You have several options:

  1. Software Wallet: Download the official Ravencoin wallet from GitHub. Run the application and allow it to sync completely with the blockchain. Generate a new receiving address through the interface.
  2. Exchange Wallet: Create an account on a supported cryptocurrency exchange that offers RVN storage. This option is convenient if you plan to trade your coins.

Always ensure you securely backup your wallet and private keys.

Mining Ravencoin with GPU

GPU mining typically offers higher performance compared to CPU mining. Here’s how to set it up for both major brands.

Mining with NVIDIA GPUs

For NVIDIA graphics cards, you will need mining software compatible with the X16R algorithm.

  1. Download and install the latest NVIDIA drivers.
  2. Obtain a suitable miner, such as a modified version of sgminer or ccminer configured for X16R.

  3. Create a batch file (.bat) to configure the miner. You will need to input:

    • The pool's stratum address
    • Your wallet address
    • A worker name (optional)
  4. Run the batch file to start mining.

Example NVIDIA Hashrates:

Optimize your card’s performance by adjusting core clock, memory clock, and power limit settings in software like MSI Afterburner.

Mining with AMD GPUs

The process for AMD cards is similar but requires AMD-specific software and drivers.

  1. Install the latest AMD GPU drivers.
  2. Download an X16R-compatible miner that works with AMD cards.
  3. Configure your miner with the pool details and your wallet address.
  4. Launch the miner and begin earning RVN.

👉 Get advanced GPU optimization methods

Mining Ravencoin with CPU

While less profitable than GPU mining, CPU mining is still possible and can be a way to contribute to the network with existing hardware.

  1. Download a CPU miner compatible with the X16R algorithm, such as cpuminer.
  2. Configure the miner with your pool's information and your wallet address.
  3. Run the miner. Adjust the number of threads used based on your CPU's capabilities.

Example CPU Hashrate: An Intel i7-4790K can achieve approximately 140 kH/s.

Joining a Mining Pool

Solo mining is not recommended due to the high difficulty of finding blocks alone. Instead, join a mining pool where participants combine their hashing power to find blocks more consistently and share the rewards.

  1. Choose a reputable Ravencoin mining pool (e.g., Ravenminer, Flypool, 2miners).
  2. Create an account on the pool’s website.
  3. Use your wallet address as your login or payout address.
  4. Configure your mining software to connect to the pool’s server.

Frequently Asked Questions

Is Ravencoin profitable to mine?
Profitability depends on several factors, including the cost of your electricity, the efficiency of your hardware, and the current market price of RVN. Use an online mining calculator to estimate potential earnings before you start.

What is the best GPU for mining Ravencoin?
GPUs with good performance per watt are ideal. Mid-range cards like the NVIDIA GTX 1060, 1070, and 1080 Ti have historically been popular choices for their balance of hash rate and power consumption.

Can I mine Ravencoin and another coin at the same time?
No, a single GPU can only mine one algorithm at a time. However, you can mine Ravencoin on some GPUs in a rig and a different coin on others if they are properly configured.

How often will I get paid from a mining pool?
Payout policies vary by pool. Most pools have a minimum payout threshold and will send rewards to your wallet once you've mined enough to meet it. Some pools may also have scheduled payout times.

Do I need a special operating system to mine?
While you can mine on Windows, many serious miners use lightweight Linux-based operating systems like Hive OS or Rave OS because they offer better stability and lower overhead for mining rigs.

What happens if my computer turns off?
Your mining software will stop, and you will stop earning rewards until you restart it. Your earnings up to the point of shutdown are typically safe if your pool has registered your submitted shares.

Conclusion

Ravencoin offers a compelling opportunity for miners seeking a decentralized network that resists ASIC domination. By leveraging standard GPU and CPU hardware, you can participate in securing the blockchain and earn RVN rewards. Start by choosing the right hardware, setting up a secure wallet, selecting a reliable pool, and optimizing your mining software for the best results. Remember to always consider electricity costs and market conditions to ensure your mining operation remains profitable.