Pyrin – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 31 Mar 2025 17:04:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Pyrin – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 December 2024 Work Progress Report: New Payout Options, Pyrin Delisting, Node Updates https://earlybirdsinvest.com/december-2024-work-progress-report-new-payout-options-pyrin-delisting-node-updates/ https://earlybirdsinvest.com/december-2024-work-progress-report-new-payout-options-pyrin-delisting-node-updates/#respond Mon, 31 Mar 2025 17:04:15 +0000 https://earlybirdsinvest.com/december-2024-work-progress-report-new-payout-options-pyrin-delisting-node-updates/

December Work Progress Report

Node Updates

Horizen (ZEN) 5.0.5

The Zend v5.0.5 update is now live. All nodes on the Mainnet must have been updated before December 12, 2024, as Zend v5.0.4 was deprecated at block #1679880. Zend v5.0.5 will remain active until its deprecation at block #1730680, expected on March 11, 2025. This update included bug fixes and minor changes, ensuring the network remains secure and reliable.

Cortex (CTXC) 1.10.61

Cortex released version 1.10.61, featuring multiple stability improvements and performance enhancements:

  • Enhanced database snapshots for better state management.
  • Bug fixes addressing flaky tests and state destruction issues.
  • Optimized chain events and header management for efficient synchronization.
  • New features like the DeleteRange functionality and support for prestateTracer configuration options.

Cortex mining

Ergo (ERG) 5.0.24

The Ergo update 5.0.24 includes critical fixes and optimizations:

  • Refactoring of Autolykos-related code for better efficiency.
  • Resolved issues with API crashes and transaction mempool management.
  • Enhanced support for upcoming Ergoscript changes post-6.0 activation.

Bitcoin Cash (BCH) v28.0.0

Bitcoin Cash Node v28.0.0 has been released in preparation for the May 15, 2025, network upgrade. Key highlights:

  • Introduction of CHIP-2021-05 for virtual machine limits and CHIP-2024-07 for high-precision arithmetic.
  • Improved p2p protocol with enhanced timestamp handling and port mapping support.
  • Expanded Script VM capabilities, including support for 80,000-bit integers.

Note: 32-bit architecture support has been dropped due to increasing resource demands.

Pyrin (PYI) Delisting

We regret to announce the delisting of Pyrin (PYI) from the 2Miners pool. As of December 20, 2024, at 07:00 UTC, PYI PPLNS and PYI SOLO operations have ceased. This decision was made after the developers abandoned the project, deleting all resources and leaving the community without support. We encourage PYI miners to use 2CryptoCalc to find alternative profitable coins to mine.

Nervos (CKB) Pool API Update

Nervos CKB miners can now enjoy enhanced pool features! We updated the API and statistics pages, enabling detailed hashrate and share statistics. You can also adjust the payout threshold directly in the CKB pool. If the changes don’t appear, clear your browser cache with Shift+Ctrl+R (or Shift+Command+R on macOS).

Bitcoin and Toncoin Payouts for Multiple Coins

Great news for Bitcoin Gold (BTG) miners! Bitcoin and Toncoin payouts are now available. Simply set your BTC or TON wallet address in your mining software, and the pool will handle the rest. Note that payouts may take up to 3 days due to BTG deposit rules on crypto exchanges.

Toncoin payouts have also been added for the following pools:

Block Reward Reductions

December saw major block reward reductions for these coins:

  • Horizen (ZEN): Block reward halved from 3.75 ZEN to 1.875 ZEN.
  • Kaspa (KAS): Block reward reduced from 77.78 KAS to 73.41 KAS.

These reductions are part of their respective tokenomics and emission schedules. Use 2CryptoCalc to estimate your mining rewards effectively.

2024 Wrap-Up and Best Wishes for 2025

As 2024 ends, we celebrate a historic milestone: Bitcoin reached $100,000 on December 5, 2024, marking a new era for cryptocurrency. The crypto market is growing, and mining remains profitable. A regular GPU is still enough to earn Bitcoins, and 2025 promises even more opportunities.

We plan to introduce new coins to the 2Miners pool, supporting emerging projects and fostering innovation in the mining community. Stay tuned for more updates!

Happy New Year! Let’s make 2025 another remarkable year for cryptocurrency and mining. Ho! Ho! Ho! Happy Mining! 🎅

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How to Mine Pyrin: PYI Coin Details, Mining Setup and Profitability https://earlybirdsinvest.com/how-to-mine-pyrin-pyi-coin-details-mining-setup-and-profitability/ https://earlybirdsinvest.com/how-to-mine-pyrin-pyi-coin-details-mining-setup-and-profitability/#respond Mon, 17 Feb 2025 00:31:28 +0000 https://earlybirdsinvest.com/how-to-mine-pyrin-pyi-coin-details-mining-setup-and-profitability/

pyrin_mining

What is the Pyrin PYI Cryptocurrency

As noted by the project developers on its website, Pyrin is a next-generation decentralized network for transactions with smart contract support. Its key feature is the innovative GhostDAG consensus protocol, created based on the popular DAG structure, that is, a directed acyclic graph.

In practice, the combination of innovations leads to almost instant transaction confirmations and the elimination of incomplete orphan blocks. Blockchain users, in turn, can enjoy high throughput and scalability, creating conditions for the popularization of digital assets in everyday life.

pyi1

So, here are the main advantages of the Pyrin project, launched in November 2023:

  • High speed: the average transaction time is 1.2 seconds, while their finality, i.e., final implementation into the blockchain, takes less than ten seconds.
  • Decentralization: network security is guaranteed by thousands of nodes, while the fair distribution of cryptocurrency at the initial stage of the project’s life by blocking ASIC miners is ensured by the BLAKE3 hash function.
  • Low fees: the cost of a transaction is $0.000025, making interactions with smart contracts more comfortable.
  • Scalability: blocks in the Pyrin network are created and confirmed in parallel, thus guaranteeing high throughput.
  • Security: the GhostDAG consensus protocol is based on the traditional Proof-of-Work (PoW) system, which has proven its reliability.

Pyrin PYI Exchange Rate and Cryptocurrency Tokenomics

The PYI cryptocurrency was launched without so-called premine and pre-sales to investors. Therefore, the Pyrin developers call its launch as fair as possible, while the project itself is considered “fully decentralized, open-source, and community-driven.” Such a combination is usually valued in the crypto world.

The maximum supply of PYI is 1 billion coins, with the new coin issuance schedule implying a gradual decrease in the release rate with a coefficient of (1/2)^(1/12), which will occur every month.

The initial emission rate is 17 PYI per block, but on May 21, 2024, the rate will drop to 14 PYI. The release curve of the cryptocurrency looks like this on the chart.

Pyrin Emission Curve

As of May 15, the PYI exchange rate is 4 cents. The project’s market capitalization is $10.43 million, placing it at 3042 in the overall CoinMarketCap platform ranking.

Pyrin Market Cap

The highest PYI price was recorded on March 21, 2024 — it was 28.9 cents. Accordingly, the current rate is 85 percent behind the record.

And although this is not the best indicator, the project is still very young. Therefore, making any predictions for a new bull run based on such data is simply too early, and the behavior of PYI will be determined by the activity of users of this network.

The Best Wallets for Pyrin Cryptocurrency

There are three types of wallets for interacting with PYI — a web wallet, a desktop wallet, and an Android smartphone app.

The web wallet is available at this link and is very simple to use. When you follow the link, it will generate a 24-word seed phrase or offer to import an already used combination.

Pyrin Seed Phrase

After recording the seed, the site will verify three random words from the combination to ensure you wrote it down correctly. Then create a password for access and get access to the wallet interface.

Pyrin Wallet

This is what the PYI sending window looks like. If you have previously conducted transactions with cryptocurrencies, there will be no problems here.

Pyrin Wallet 2

To download the desktop version, follow this link. You can also study the application’s source code if you have the appropriate knowledge.

Pyrin Desktop Github

Here is the link to the Android app. A wallet for iOS devices is not mentioned on the site, so it does not exist.

Pyrin Mobile Wallet

You can also interact with PYI using exchanges. Although this method implies dependence on the corresponding project’s team and lack of decentralization, it can still be successfully used for accumulating coins.

Where to Buy and Sell Pyrin Cryptocurrency

PYI is supported on MEXC platforms, CoinEx, XeggeX, XT-com, TradeOgre, and Nonkyc-io. Trading with the cryptocurrency occurs in a pair with USDT, but transactions are also conducted in a pair with Bitcoin on the XeggeX exchange.

Pyrin Markets

Pyrin Cryptocurrency Mining Profitability

Initially, Pyrin PYI mining was launched on processors, then it moved to graphics cards. As noted by the developers, this way the project began its decentralized path.

The Pyrin network uses the PyrinHash algorithm, which is similar to KHeavyHash in Kaspa, and blocks are created here every second. You can track them and transactions on the blockchain explorer page.

Pyrin Blockchain Explorer

Today, Pyrin PYI is one of the most profitable cryptocurrencies for mining. In the list from the 2CryptoCalc calculator, which in this case shows the profitability of 300 Nvidia GeForce RTX 3070 graphics cards, PYI ranks second.

Pyrin Profitability

Note that 2CryptoCalc does not take into account the cost of electricity, the rate of which varies for each miner. Therefore, to get the full profitability, it is necessary to consider electricity costs.

Here is detailed information on the state of the Pyrin network.

Pyrin 2CryptoCalc

Pyrin PYI Mining Setup

Preparing to mine Pyrin PUI is not difficult. Nvidia GPU owners should use the Rigel miner, while AMD GPU users should opt for lolMiner.

2Miners Main Page

Both programs are available in this archive, and the password to run is 2miners — without capital letters and spaces.

Here are the settings for mining PYI with Rigel:

rigel.exe -a pyrinhash -o stratum+tcp://pyi.2miners.com:2121 -u YOUR_WALLET_ADDRESS -w RIG_ID
pause

And here are the settings for lolMiner:

lolMiner.exe --algo PYRIN --pool pyi.2miners.com:2121 --user YOUR_WALLET_ADDRESS.RIG_ID
pause

If you have any questions, we traditionally recommend using the help page.

Bitcoin Wallet for Mining Pyrin PYI

Mining Pyrin PYI on the 2Miners mining pool also allows you to receive rewards in Bitcoin. That is, the reward in PYI is automatically converted into BTC, which is then sent to the corresponding wallets.

More details: Get Paid in Bitcoin for Altcoin Mining.

Thus, Pyrin miners can not only accumulate the main cryptocurrency with the best liquidity on the market but also use more convenient wallets, which are significantly more in the case of BTC.

To receive payouts in Bitcoin, you need to specify your BTC address instead of “YOUR_WALLET_ADDRESS” in the bat file. The 2Miners pool supports payouts to any address type, including SegWit (for example, bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc), Compatibility (for example, 3GRdnTq18LyNveWa1gQJcgp8qEnzijv5vR), and Legacy (for example, 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa).

Solo Mining Pyrin

Mining PYI solo is recommended for miners who have the appropriate mining experience and can find at least 2-3 blocks per day.

To calculate this indicator, go to this page, enter the hashrate of your equipment, and click the green “Can I mine SOLO” button.

Pyrin on 2CryptoCalc

In this situation, the hashrate is enough to mine approximately 148 blocks per day. And this is more than enough for solo mining.

Pyrin SOLO

For SOLO mining, the server solo-pyi.2miners.com:3131 is dedicated. All settings are available here if needed.

Setting Up Pyrin PYI Mining on Miningrigrentals and Nicehash

Miningrigrentals Miningrigrentals and NiceHash users can also mine Pyrin PYI.

Here are the relevant settings for Miningrigrentals in POOL mode.

  • Name: 2Miners PYI
  • Type: PyrinHash
  • Pool Host: pyi.2miners.com:2121
  • Workername (-u): YOUR_WALLET_ADDRESS
  • Password: x

Here are the settings for Miningrigrentals in SOLO mode.

  • Name: 2Miners SOLO PYI
  • Type: PyrinHash
  • Pool Host: solo-pyi.2miners.com:3131
  • Workername (-u): YOUR_WALLET_ADDRESS
  • Password: x

Pyrin Mining Pool

Here are the settings for mining PYI on NiceHash in POOL mode.

  • Custom pool name: 2Miners PYI
  • Algorithm: PyrinHash
  • Stratum hostname or IP: pyi.2miners.com
  • Port: 2121
  • Username: YOUR_WALLET_ADDRESS
  • Password: x

And we end with the settings for mining Pyrin on NiceHash in SOLO mode.

  • Custom pool name: 2Miners SOLO PYI
  • Algorithm: PyrinHash
  • Stratum hostname or IP: solo-pyi.2miners.com
  • Port: 3131
  • Username: YOUR_WALLET_ADDRESS
  • Password: x

Join our mining community on Telegram. There we discuss mining cryptocurrencies and nothing else.

Follow our Twitter (X) account @POOL2MINERS

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September 2024 Work Progress Report: FIRO Delisting, Kaspa, Pyrin, Karlsen Updates https://earlybirdsinvest.com/september-2024-work-progress-report-firo-delisting-kaspa-pyrin-karlsen-updates/ https://earlybirdsinvest.com/september-2024-work-progress-report-firo-delisting-kaspa-pyrin-karlsen-updates/#respond Sun, 09 Feb 2025 13:06:13 +0000 https://earlybirdsinvest.com/september-2024-work-progress-report-firo-delisting-kaspa-pyrin-karlsen-updates/

September 2Miners

FIRO Delisting

As of September 13, 2024, at 10:00 UTC, FIRO was officially delisted from our mining pool. This decision followed the FIRO project’s announcement to significantly reduce mining rewards by five times at block 958655, which occurred around September 16, 2024. The new reward distribution heavily favored Masternodes and markedly decreased miners’ shares, which did not align with our values of supporting the miner community. Consequently, we discontinued support for FIRO.

Firo Delisting

Kaspa Stable Mainnet Release & WASM SDK v0.15.1

Last month, Kaspa released a stable mainnet update focusing on enhancing mempool functionalities critical for adapting to fee market conditions. Significant features introduced included:

  • Replace-By-Fee (RBF) to allow transaction replacement in the mempool.
  • A fee estimation API based on real-time mempool states for more accurate fee predictions.
  • An updated mempool eviction policy that prioritizes transactions based on fee rate.

Additional improvements included major enhancements in the block template transaction selection algorithm and header processing performance. These upgrades made mining on Kaspa more efficient under various network conditions. Upgrading to this version was recommended to ensure stability and optimal network support.

Pyrin Network Hard Fork

Pyrin underwent a scheduled hard fork at block 27,037,930, introducing a new mining algorithm, PyrinHashV2. This change required miners to update their mining software to continue mining PYI effectively. Details on the countdown to the hard fork were available in the Pyrin Explorer.

Karlsen Update and Hard Fork

Karlsen also underwent a hard fork with the introduction of a new mining algorithm, KarlsenHashV2, aimed at enhancing network security and efficiency. Following the update, several issues were addressed, including a critical bug fix for transaction rejections that affected pool operators. The latest version included several important fixes improving transaction handling and wallet functionalities, making it crucial for miners to update their software to the latest version to avoid potential issues.

Updated Mining Software

We updated our Quick Start Archive (password — 2miners) to include the latest mining software versions to support the new algorithms and enhancements introduced in Pyrin and Karlsen:

  • Gminer 3.44
  • lolMiner 1.90
  • Rigel 1.19.0
  • T-Rex 0.26.8
  • TeamRedMiner 0.10.21
  • XMRig 6.22.0

Crypto coins on tribune

The updated mining software was essential for maintaining compatibility with the new algorithms and ensuring optimal mining performance. Downloads are always available from our GitHub repository.

As always, we supported your mining journey every step of the way. Stay tuned to our X and join our Telegram miner community for the latest updates and support.

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October 2024 Work Progress Report: CKB and ZEPH Updates, Pyrin Problems https://earlybirdsinvest.com/october-2024-work-progress-report-ckb-and-zeph-updates-pyrin-problems/ https://earlybirdsinvest.com/october-2024-work-progress-report-ckb-and-zeph-updates-pyrin-problems/#respond Sat, 08 Feb 2025 06:29:22 +0000 https://earlybirdsinvest.com/october-2024-work-progress-report-ckb-and-zeph-updates-pyrin-problems/

October

Nervos CKB Update

The latest release from Nervos CKB, version 0.119.0, was introduced on October 25, 2024. This update is pivotal as it rolls out a new preview chain, which provides a test environment for the upcoming hard fork on the Nervos network. Here are the key highlights:

  • New Chain for Preview: Allows developers and users to engage with the hard fork changes ahead of official deployment, enhancing transparency and readiness.
  • Testnet Activation: The hard fork has been activated on the testnet, requiring nodes to update to this latest version to participate and test the changes effectively.
  • Compatibility: Ensures compatibility across different network stages, including developments scheduled for future epochs.

nervos-mining

Notable improvements and bug fixes in this release address multi-threading issues, script optimizations, and transaction conflict resolutions, contributing to the overall robustness of the network.

Zephyr Protocol v2.0.0 – ZSD Yield Release

Zephyr’s major update to version 2.0.0, known as the ZSD Yield Release, was rolled out to support the new ZSD Yield Mechanism. Here are the significant changes and enhancements:

  • ZSD Yield Mechanism: Users can now stake ZSD and receive Zephyr Yield Shares (ZYS), a new asset that represents a stake in the ZSD Yield Reserve.
  • Block Reward Restructuring: To support the new yield system, block rewards have been reallocated, significantly altering the distribution to favor reserve accumulation while removing the governance reward.

This update marks a substantial shift in Zephyr’s approach to value storage and distribution, aiming to enhance stability and growth within the ecosystem.

Pyrin Network Uncertainty

October brought unforeseen challenges with the Pyrin project. The developers have abruptly left the project and shut down all associated online platforms, casting significant doubt on the future of the Pyrin network. As a result:

  • The official Pyrin website and social media channels have been deactivated, eliminating direct sources of information and updates.
  • Mining continues, however, the stability and viability of PYI are now in question, and no new deposits are being accepted on exchanges.
  • Bitcoin payouts for PYI mining have been halted, reflecting the uncertainty surrounding the project’s continuation.

We advise miners to proceed with caution and consider mining other cryptocurrencies. Use 2CryptoCalc.com to assess the profitability of available options.

As always, we are here to support your mining endeavors and will keep you updated through our X (Twitter) and Telegram miner community on any developments. Your success in mining is important to us, and we’re committed to navigating these challenges together.

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