SAFEX cash mining

Mining
#1

Will SAFEX cash mining be available for CPU? Or GPU only?

#2

Cryptonight can be CPU mined, as far as I know.

1 Like
#3

I haven’t looked. I want to set my rig up as soon as they release the mining. Don’t have a gpu yet. Was just wondering if I bought a pair if they needed to be AMD or NVIDIA

1 Like
#4

From Dan’s Q&A (SafexNews):

Q1 – Do you have any technical details about the new mining algorithm?

A1 – The mining algorithm we will be using is CryptoNight, similar to Monero. It will be CPU and GPU friendly and has 1 minute blocks.

3 Likes
#5

Thanks for that. I will download that setup when I get home.

#6

And just go ahead and trade all my XRP for SAFEX

#7

Best video card to purchase for Cryptonight mining setup?

#8

Cryptonight asic miners are coming, i don’t like this :sob:

#9

Will there be a premining period before the full launch of the new blockchain?

#10

No, the launch will be well publicized and will begin with a genesis block

There will be no prerelease mining taking place

#11

Gotcha. Thanks for the info

1 Like
#12

Is an AntMiner X3 the right “thing” for mining Safex Cash?

#13

I think they are trying go make the blockchain asic resistant

#14

AMD Vega cards are the absolute best for cryptonite algo.

1 Like
#15

depends if this is cryptonite or cryptonite v7

#16

Actually we will modify the hashing algorithm due to high potential for ASICs. The target is GPU and CPU devices.

3 Likes
#17

Consider making it modural so you can always slightly tweak the algo to make ASICs obsolete.

#18

Hi, Can you put me in the right direction on getting a rig or making a rig which mines Safex coins?
Thanks

#19

@fbitopdog You may want to have a look at this invitation from Safex News:

https://pool.safexnews.net/

2 Likes
#20

Guys, do you have any plans about Merged mining like project emercoin.com?
It would be great to mine 2 coins on the same algo, I think it’s a good idea.