Kopalnie Krypto Team - Friday 24 November 2023
Harvey miners - the place where PoST and PoW live in harmony
In one of our previous articles, we discussed the issue of Chia forks. We then focused on projects based on the code developed by Chia Network. Our considerations aimed to make you aware that on properly configured equipment, it is possible to mine over several dozen different cryptocurrencies. The thing is, these were solely projects based on the Proof of Space and Time mechanism. But what if we added other consensus algorithms to this mix?
The Zephyr project
Our team continuously observes the market, trying to find promising cryptocurrency projects. This time, Zephyr caught our attention. This project primarily focuses on the issue of stablecoins, which, as you can read in one of our articles, strive to maintain a value close to one US dollar (USD). In the Zephyr ecosystem, there are three types of assets. The first is ZephUSD, which acts as the stablecoin here. The next is the ZephRSV coin, the so-called reserve currency. Its value is determined by an equation and adjusts to the current level of adoption of the Zephyr ecosystem. Holders of ZephRSV coins can therefore benefit when the third asset on the Zephyr blockchain gains in value. This refers to the project's native cryptocurrency, ZEPH. The detailed operating principle of the project is quite complex, so we will stop at the above description. However, we know that Zephyr is a promising initiative, as it is constantly gaining in value. So much for the theory – let's not forget that we are here to make money. Thus, the question arises: “How to mine all this ZEPH?”
Proof of Work not so bad
After reviewing the documentation of the Zephyr project, we learn that it uses a consensus mechanism called Proof of Work (PoW). Wait a minute. Isn't PoW the very evil that consumes vast amounts of electrical energy? After all, Bitcoin, which is not renowned for being an eco-friendly cryptocurrency, is based on this very mechanism. Moreover, the Ethereum project eventually abandoned this mining method in favor of Proof of Stake. Then miners were left out in the cold with a lot of power-hungry graphics cards, which soon began to flood the market.
Until now, our service has mainly promoted projects based on the Proof of Space and Time (PoST) mechanism. All this because of their relatively low demand for electrical energy. Isn't promoting a project based on PoW hypocritical on our part?
It would be if it weren't for the fact that the bad reputation of Proof of Work miners was caused by the use of graphics processors (GPU). They were responsible for the enormous electricity consumption. The creators of the Zephyr project opted for processors of a different type, namely general-purpose ones, or simply CPUs. Unlike graphics cards, "ordinary" processors will consume much less electrical energy during calculations. In terms of power consumption, the Zephyr project is therefore closer to Chia than Bitcoin. This is an excellent example of a brilliant implementation of the Proof of Work mechanism.
Now that we know how the mining of ZEPH cryptocurrency works, we install the Zephyr software on a laptop or desktop computer and can start counting profits, right? Well, not quite. While we can mine ZEPH on any device equipped with a processor, profits are a different story. Processors are not equal, so weaker units have less chance of making significant income, while top processors will certainly fatten our wallets. So, is it enough to buy the fastest consumer processor, build a computer around it, and we can bask in luxuries? It's also not that simple. Especially if, in addition to ZEPH, we want to mine other cryptocurrencies (for example, Chia along with its forks).
Harvey miners the source of the greatest profits
Mining cryptocurrencies is primarily about calculations. A lot of calculations. That's why the best idea would be to equip yourself with processors dedicated to solving cryptographic puzzles. The best source of these is the business hardware sector. We are talking here about specialized servers or workstations that can accommodate many processors with dozens of cores, which is particularly important for mining the ZEPH cryptocurrency. Moreover, these units house absurd amounts of RAM from the perspective of the average user and allow for the installation of a huge number of hard drives. This, in turn, is important if we plan to mine cryptocurrencies from the PoST algorithm (e.g., Chia along with its forks). Gathering equipment is one thing, but what about its configuration and software? This issue requires considerable experience, as optimally setting up the hardware and synchronizing all blockchains is not a trivial matter. Especially since we are talking about a mix of dozens of PoST algorithm cryptocurrencies along with a project based on the PoW mechanism.
For this very reason, our team, inspired by a desire to help and equipped with several years of experience in the industry, decided to create the Harvey brand. It is nothing else but a line of carefully selected and configured equipment possessing all the features mentioned above. Harvey miners enable simultaneous farming of Chia along with dozens of its forks. In addition, our technicians have implemented improvements that allow these constructions to support the Zephyr project. Remember, we are talking about a cryptocurrency favoring processors, and Harvey miners provide a significant advantage over other miners in this regard.
Thanks to Harvey computational servers, the user does not have to worry about the tedious selection and configuration of equipment. After determining the details, our team will tailor the equipment to the individual needs of the buyer, also providing post-purchase support. The device only needs to be set up in a place with suitable conditions, fed with electricity from the socket, and a fast internet connection. Then all that remains is to wait for the first income.
Summary
We learned today that Proof of Work is not as scary as we remembered. We also found out that choosing a project based on one consensus method does not rule out all others. Therefore, it is possible to mix PoW and PoST, mining various cryptocurrencies with one piece of equipment. However, it cannot be a miner hastily slapped together, but a properly constructed and configured piece of equipment. A good example here are the Harvey miners, which offer above-average performance in managing multiple blockchain projects. The Harvey line represents a combination of enterprise-class equipment and years of experience cultivated by our team.