What is Denarius and what GPU Hashrate can I expect?
What is Denarius (DNR)?
Denarius (DNR) was launched on June 14th 2017 with a completely new algorithm that has been named Tribus – based on a combination of hashing algorithms (if you are a beginner, ignore this, but they are; JH, Keccak and Echo). Denarius is a hybrid PoW and PoS, which allow miners access to mining the coin for the first 3 years after its launch. After which it will transition into a PoS coin. The creator of the coin focuses on speed of transaction – in fact users report being able to confirm transactions in as little as 10 seconds.
“wow! DNR confirmations are super fast.
i had 3 confirms in less than 10 secs.”
With the limited 3 year PoW period, the coin will be minable up until the 14th June 2020, which allows you plenty of time to still get started mining this new altcoin. Depending on rate of adoption and how many miners come on board for the 3 year PoW period, it is plausible that there may be fewer than 10 million coins in circulation by the end of that period. This undoubtedly will increase the long-term value of the coin if so.
At the time of writing (2nd July 2017) the coin is trading at a value of $0.27 having increased from $0.17 since being listed on coinmarketcap in just one day.
How many Coins are Premined?
1 million coins (or 10%) have been premined, which are intended to cover bounties (to spread awareness and create hype) and to cover further development and maintenance costs.
What are Denarius’ benefits (core features)?
Besides fast transaction and being the first Tribus algorithm in existence, the developer also focuses on delivering encrypted messaging (already implemented) and stealth addresses that are hidden from the blockchain for increased privacy.
Highlighted Core Features
- ASIC Resistant.
- Fast Transaction Speed.
- New algorithm Tribus.
- Encrypted Messaging.
- Stealth Addresses.
- Can only be mined with CPUs and GPUs.
- Limited coin supply of a maximum of 10 million Denarius.
Who is the team behind?
It is currently a one-man operation, created, developed and maintained by the 25-year old designer and programmer Carsen Klock, from Idaho, United States of America. While there is limited information regarding who he is and what his background is on the official coin website, he is transparent about who he is on the official coin’s bitcointalk forum post and even provides a direct link to his own Twitter account, where he also lists a link to his own personal website (http://www.carsencustoms.com/about-me/). Doing a bit more search online one is able to find his entire CV on Linkedin. He has worked for various smaller companies in the past, but over the past one year and nine months he has been employed in Account Security at Apple. While he has a formal education in Graphic Design, it doesn’t appear that he has any formal education in programming. However, as we already know, the best programmers don’t necessarily have that either. The best ones are often and typically are, selftaught. Considering that he has worked his way up from Customer Support to where he is now, he appears to be a highly goal-oriented and motivated individual, especially taking his young age into account.
He also appears to have experience in developing other coins before, as he highlights during a Bitcointalk debate that he was paid by a friend to develop the newly launched Torcoin back in April 2017.
- Personal Twitter Page: https://twitter.com/carsenjk
- Official Linkedin Page: https://www.linkedin.com/in/carsenk/
- His personal website: http://www.carsencustoms.com/about-me/
Denarius GPU Hashrates
You can mine Denarius (DNR) with both GPU and CPU, although taking the increase in difficulty into consideration, I would highly recommend you only to consider GPU mining. I will be writing a separate post and link through to it from here, when finalised, on how to mine Denarius with a GPU from AMD and Nvidia. As more GPU hashrates are published online, I will be added these to the lists below. Should you wish to add any to this list, please go ahead and email me at email@example.com
|GPU||Performance (MH/s)||Last Updated||Buy on Amazon||£ per 1 Hashrate|
|GTX 1080ti||65 – 70||4th July 2017||$769.99 / £699.24||£10.62 – £9.86|
|GTX 1080 8gb||47 – 60||2nd July 2017||$499.99 / £499.99||£10.76 – £8.42|
|GTX 1070 8gb||36 – 40.6||5th July 2017||$429.00 / £404.99||£11.11|
|GTX 1060 6gb||29 – 30||5th July 2017||$325.99 / £289.99||£9.50|
|GTX 1060 3gb||22||5th July 2017||$238.38 / £189.99||N/A|
|GTX 1050 ti||12 – 13||5th July 2017||N/A||N/A|
|GTX 970||6.4||2nd July 2017||£248.15 /||N/A|
|GTX 980ti||N/A||2nd July 2017||$689.99 / £595.99||N/A|
|GTX 960 2gb||N/A||2nd July 2017||£116.10 /||N/A|
Gigabyte G1 GTX1070 appear to be the best performing 1070 model around 40.6 Mh/s. MSI Armor gets around 39.6 Mh/s
|GPU||Performance (MH/s)||Last Updated||Buy on Amazon||£ per 1 Hashrate|
|Rx 480 8gb||28 – 35||2nd July 2017||£267.98 / $714.99||£12.18 – 8.94|
|Rx 480 4gb||29 – 31||6th July 2017||£179.99 /||£5.99 – £5.81|
|Rx 580 8gb||31||6th July 2017||£267.98 /||N/A|
|Rx 580 4gb||N/A||2nd July 2017||£209.99 /||N/A|
|Rx 570 4gb||17 – 20||3rd July 2017||N/A||N/A|
|R9 Fury X||N/A||2nd July 2017||£582.85 /||N/A|
|R9 295×2||N/A||2nd July 2017||N/A||N/A|
|Rx 470 4gb||N/A||2nd July 2017||£177.99 /||N/A|
|R9 380||9 – 10||6th July 2017||N/A||N/A|
|R9 270 2gb||N/A||2nd July 2017||£89.87 /||N/A|
|R9 280||9.69||2nd July 2017||$288.99||$29.82|
|HD7790||22 – 30||2nd July 2017||N/A||N/A|
|Asus HD6850||5.1||6th July 2017||N/A||N/A|
Dinarius is despite of its very young age already listed on three exchange sites. The developer appears keen and active on Bitcointalk to keep adding the coin to more exchange sites, which increases its exposure and broader awareness. The more exchange sites it is on, the better for the long term adaptability and pricing of the coin.
The coin is now already listed on the following, with more being confirmed in the near future, at the rate the developer is pushing for the coin to get more mass market appeal.
Price Development over time (3rd July to 7th July)
523% increase in price in 4 days. Most importantly it is not spiking anywhere, but rather showing signs of rapid interest from investors.
Get your first Denarius [DNR] for free
In order to get Denarius (DNR) you need to first have a wallet, which is the digital place of where you store your Denarius coins (DNR). I recommend to use the wallet you download (select either macOS or Windows depending on your operating system). it is super easy to use and very intuitive. To receive tokens you then need to go into the client, click “receive” at the top. Then right click where your address is and copy it (you will need this in a moment to get your free Denarius coins).
- Web Wallet: https://cryptodao.com/site/register
- Windows-QT Wallet Download: https://github.com/carsenk/denarius/releases/download/22.214.171.124/Denarius-QT.zip
- macOS-QT Wallet Download: https://github.com/carsenk/denarius/releases/download/126.96.36.199/Denarius-OSX-v1000.dmg
Every hour you can claim free Denarius coins. It is a great way to test out the speed of transaction as well as to get started if you are completely new to crypto. You can claim free Denarius coins on both links below every hour;
Chat with the Developer and the Community
If you are interesting in speaking directly with the developer, or engage with the community you can join the Gitter chat by clicking here.
- BitcoinTalk.org Listing: https://bitcointalk.org/index.php?topic=1967207.0
- Official Website: https://denarius.io
- Denarius Official Website: https://denarius.io/