Cryptonote Market Cap: $4,748,699,511 24h Volume: $229,292,805 Exchanges: 72 Coins: 100 (50 tradable) Bitcoin BTC $40,082 Monero XMR $246

Cryptunit News

Find out what's happening in community

Wownero - No more pool mining!

Sunday, July 4, 2021 | Wownero

On July 4th, Wownero will perform a new hardfork. With this hardfork, public pool mining will no longer be possible.

This release includes Bulletproofs+, Miner Block Header Signing, Vote by Block, many upstream commits from Monero (up to 8a67724), and updated checkpoints.

A mandatory software update ("hard fork") is scheduled for 4th July 2021 at block height 331,170 to activate Miner Block Header Signing, reset difficulty to 100 million, revert back to Monero's difficulty algorithm, and remove dynamic coinbase unlock times (fixed to 288 blocks, around 1 day).

This update will likely kill off public pool mining and make Wownero solo mineable only.

This extreme move is being taken to better promote mining decentralization. Although, private pool mining and botnets are still possible, the hope is they will only make up a fraction of the network. If botnets do become a problem, we will consider taking action in a future release, such as bumping up RandomWOW parameters or tinker with block header signing code.

To solo mine after the fork, all you need to do is run a full node with the following command:

./wownerod --start-mining YOUR-ADDRESS --spendkey SECRET-SPENDKEY --mining-threads NUMBER

You can read more information about mining here: How to Solo Mine

You can find the developer's release note here.

 

CRYPTUNIT service is provided for free. Site contains opinion for informational purposes only and does not constitute investment advice.

We do not sell coins! If you want to buy some coins you can do it here. You're looking for more hashing power or You want just to try mining? You can do it here.

Calculate how profitable it is to mine all other coins on various mining algos on WhatToMine.com

Always do your own research! Try to analyse the exchanges data, and possibility that you can actually sell mined coins. Some coins might be very high in the ranks, but with zero buy orders and very small trading volume.