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A Step-by-Step Guide to Altcoin Mining
Learn how to mine Ravencoin, a popular cryptocurrency
Ravencoin (RVN) is a forked version of Bitcoin that was created to help facilitate transactions. It uses the KAWPOW algorithm, which makes it ASIC-resistant and helps protect it from centralization. Many people are switching to mining Ravencoin for its high profitability. Ravencoin often appears high on the list of profitable coins. It’s also fully open source with no IOC.
Requirements for This Tutorial
- An Nvidia GPU with at least 3GB of memory (learn more below)
- A Linux or Windows operating system
- Install the required drivers (learn more below)
- A Ravencoin wallet
Recommendation: Use WhatToMine to calculate profitability. You should also learn how to overclock to maximize profitability while minimizing electricity before mining.
Why Nvidia?
For this tutorial, we are using T-Rex as the mining software, which only allows Nvidia GPUs. If you want to use an AMD GPU (or both), I recommend these mining softwares: Nanominer and NBminer.
Mining pool
A mining pool is a group of miners working together to mine a cryptocurrency. Each mining pool has benefits and disadvantages, such as low minimum payment, high fees, low hashrates. Choose the one that you feel most comfortable with. Here are some I recommend: 2Miners, Nanopool, and Supernova.
How to install Nvidia drivers (Linux and Windows)
Linux (Ubuntu):
- Click the nine dots.
- Search for “Software and Updates.”
- Click “Additional Drivers.”
- You should see the recommended drivers. Click the one that suits you (recommendation: click the top one).
5. Click “Apply Changes.”
Windows:
- Go to the Official Nvidia driver…
