Launched just last month, Grin is currently one of the hottest and most profitable cryptocurrencies to mine on a GPU. So we’ve worked as quickly as possible to integrate Grin mining into Cudo Miner, and are pleased to announce its available to mine today!
What’s so great about Grin?
Grin is the community-led implementation of the cutting-edge Mimblewimble blockchain, a brand new cryptocurrency that boasts both privacy and scalability. It’s getting some big names behind it – for instance, one of the founders of BitcoinTalk has started accepted payment in Grin – only the second cryptocurrency after Bitcoin.
As a bonus to GPU miners, for the time-being it’s resistant to ASIC mining, which makes it perfect for GPU rigs.
Unlike most cryptocurrencies, Grin has constant inflation built in – this means that one new grin is emitted every second (on average). So there’s added incentive for miners to get in early and enjoy the double benefit of low supply and relatively low hash-rate.
What do I need to mine it?
Grin has two Proof of Work (PoW) algorithms: Cuckaroo29 (C29) and Cuckatoo31 (C31). Without going into the details of the algorithms, the important difference between the two is that C31 needs a graphics card with at least 11 GB of RAM and C29 requires slightly lower specs.
But don’t worry, Cudo Miner will automatically benchmark your mining rig and let you know which Grin PoW algorithms you can use to mine.
If you want more information about the details, check out this great introduction to GrinGoldminer on Windows from IMineBlocks.
How do I get going?
Currently Grin mining is only supported on NVIDIA graphics cards but AMD mining is coming soon. The Grin C29 algorithm needs a high specification card, so you’ll need a GTX 1070Ti or higher with at least 5.6Gb of VRAM. C31 needs an even higher spec graphic card – at least 11Gb VRAM on Windows or 8Gb VRAM on Linux.
This is the first Cudo Miner release to support Grin mining, so you have to manually select it from the coin selection drop-down in the dashboard. This is because, by default all coins mined by Cudo Miner are auto-exchanged into your chosen pay-out currency – e.g. BTC – but Grin doesn’t have this feature yet. This is because we wanted to get the Grin functionality out to our community as soon as possible so you can start mining and accumulating this exciting cryptocurrency. We’ll add the ability to auto-exchange or transfer Grin to another wallet very soon in a future release.
Being Cudo Miner, you can still easily switch to any of our currently supported coins, or switch to automatic mode. At the moment we support Bitcoin Gold, Ethereum, Ethereum Classic, Monero and Ravencoin – as well as Grin – with more coming soon.