Lately we are seeing lots of new mineable Layer 1 crypto projects that are interesting and promising, as well as some that are not as usual, but after Ethereum’s switch to PoS crypto miners with GPUs are eagerly looking for interesting new and profitable projects to point their hashrate at. NEXA is yet another one of those promising new crypto projects that can be mined with GPUs that we want to point your attention to, it has been launched a couple of months ago, but until recently was largely running under the radar. NEXA could initially be mined only with CPU, but GPU mining was just recently launched and that is what spiked the growing interest in the project significantly. NEXA uses a custom mining algorithm that is also GPU-intensive, meaning that more powerful video cards will have higher hashrate and memory can be downlocked for lower power consumption. It is interesting to note that the project has a very high total coin emission of 21 Trillion, yes, that is a LOT of zeroes with a block time of 2 minutes and 10 Million NEXA coins block reward… apart from that concern definetly worth checking it out and mining some coins.
Up until yesterday NEXA had to be mined on the official Pool137 with the official nxminer (available only for Linux), but now there is also the WildRig Multi 0.35.0 beta miner with support for the nexapow algorithm available (with a 5% dev fee though) for both Windows and Linux GPU miners (Nvidia GPUs for now only, AMD support coming soon). You can also mine NEXA on the Rplant pool, however have in mind that the pool currently has a requirement set for 5000 block confirmations for mined blocks and that means you can wait up to a week to have your mined coins available. Trading of NEXA coins is also already possible on an exchange with currently only Exbitron supporting the coin and with multiple trading pairs for NEXA available – NEXA/EXTO, NEXA/BCH and NEXA/USDT. At the moment the mining profitability is insane with the current price of NEXA, however the catch is that the coins you mine now will be released from the pool for trading in about 5 days!
Update: New WildRig Multi 0.35.1 beta 2 miner is now available with AMD GPU mining support and up to 20% improved hashrate for Nvidia GPUs, so if you are mining NEXA or plan to do so you should get the updated miner.
Update 2: WildRig Multi 0.35.3 beta miner is out now with improved NEXAPOW up to 40% depending on GPU!
– Visit the official NEXA website for more details about the project…
