• GPU cryptocurrency miners (graphics cards) – with dedicated Hiveos software, our global partner, industry leader. We have been working together fruitfully for three years. Guarantee of receiving the most advanced settings and even the most exotic currency pairs.
  There is a primary and secondary market available.
• Cryptocurrency miners CPU (processor) – the smallest machines, commonly called starters. Computings are performed on the CPU. You can expand the machines with graphics cards. Very good for starting your adventure with digital mining.
• ASIC cryptocurrency miners (Jasminer) – specialized machines in the ETHash algorithm. Even though they are an ASIC type of device, they are quiet and can be used to mine at home/office.
• ASIC (BTC) cryptocurrency miners – premiere of the new generation Antminer S21, traditionally a lot of watts, noisy, but with the ability to mine the king of cryptocurrencies – Bitcoin (BTC).
• Cryptocurrency miners (various) – KASPA, LTC – everything that currently provides good results.
• Construction of industrial cryptocurrency mines – individual projects, dozens of kWh of energy consumption, dedicated software, which is what miners like the most!
• Mining Pool – what would cryptocurrency miners be without a well-performed mining pool? That’s why we provide both solutions for our miners, so they can achieve the best results.
• Energy recovery – do you want to use the electricity used while mining cryptocurrencies to your advantage? Heat your house/garage/office space? That’s right, kill two birds with one stone.
• Currency exchange / crypto currency exchange – Do you want to buy / sell crypto, or maybe you mine a niche coin and don’t know how to exchange it for FAIT currency? We will help in each of these cases..
• Machine configuration – comprehensive from A to Z. From one machine to a large fleet of machines.
• Running cryptocurrency farms – we will professionally manage your machinery, ensuring software updates and selecting the most interesting coins to mine. Optionally – we will cash your earnings and you will receive cash. We will take care of everything. You don’t have to waste your time, leave it to us.
• Ai servers – totally NEW (!), we build machines for Ai computings. The future is here.
• Are you active in the cryptocurrency market and want to scale up? Contact us.
  
  
  There is quite a long list of our specialties, and it cannot be denied that after almost 10 years of operation on the market, the scope of our activities has expanded significantly. However, everything is based on “The power of experience, only proven designs”.
  
  

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post 2024 ROADMAP first appeared on ŻET Technologies.

• Top model RTX 3070 Asus Strix – uncompromising for demanding customers;
  
  

• Due to the premiere of the new generation of graphics cards – RTX 3xxx and Rx 6xxx, they have become very, very unexpensive – therefore the entry level is very attractive; you will receive proven insurance equipment!
  
• We focus on perspective mining – only fresh coins such as RADIANT, DYNEX, NEXA are some of the more interesting options;
  
  
• To obtain maximum results, we add DUAL MINING – 2in1.

Interested?

We invite you!

Autumn crypto will not last forever.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post October at work first appeared on ŻET Technologies.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post Busy August first appeared on ŻET Technologies.

Well-known compact models:

– RX 5700xt
– RX 6700xt
– RTX 3060Ti
– RTX 3070

Why such a selection:

– Very good performance
– High flexibility in the selection of coins
– High “value retention” factor over time; these models are the most popular in the secondary market

For whom:

– For new investors who want to start crypto mining
– For energy producers with energy surpluses – this problem will be solved thanks to the mining farm
– For people looking for diversification in locating assets

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post Busy July first appeared on ŻET Technologies.

Not with us – a new investor decided to become a crypto miner and thus start mining cryptocurrencies.

After the previous realization for over 100 top graphics cards, this time the investment consists of over 50 pieces of graphics cards.

The models used include:
– RTX 3080
– RX 6800 16GB
– RX 6900XT and RX 6950XT

We will be mining based on a mix of DUAL + TRIPLE MINING:
– ETC / ETHW / OCTA + ZIL
– IRON + ZIL
– ETC / ETHW / OCTA / + ZIL + IRON / ERGO / RADIANT

There are still a few alternative configurations, which traditionally our specialists will determine with the investor whether and when to launch. Cooperation is the basis and the key to success.

Interested? Join one of the oldest companies in the cryptocurrency and blockchain industry and the largest community of miners in Central Europe.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post New Mining Farm first appeared on ŻET Technologies.

We definitely like such challenges

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post Current work first appeared on ŻET Technologies.

After The Merge, the entire firmament of interesting projects gains importance, the bear market will not last forever, so we are starting with this the topic.

The assumptions are simple:
– we focus only on currencies that can be mined via POW (Proof Of Work)
– we focus only on projects that are in the initial phase of development, with low market capitalization and are unknown to the wider public
– all projects have been verified and well researched
– we provide ready-made flight sheets; wallet + mining pool + miner
– as part of the support, we discuss and analyze available solutions on an ongoing basis

If you are interested and want to focus on finding niche projects or you just don’t have time for your own research – let us know!

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post Mining alternative cryptocurrencies first appeared on ŻET Technologies.

Namely, our mining pool Zetpool won a double for the first time – we won the first place in the most prestigious ranking of Ethereum mining pools in the world, winning in most categories, including the most desirable and opinion-forming category “90 days” (long scale) with an ADVANTAGE OF UP TO 5% over another mining pool (Ethermine)

Success applies to both mining pools: Ethereum and Ethereum Classic.

Years of hard work, hundreds of tests and improvements were not in vain.
We managed to build a very effective environment for mining cryptocurrencies, which today has a considerable 700 Gh/s of power

By the way, it was possible to prove that thanks to consistency you can leave behind the largest mining pools in the industry, which have several times larger budgets Passion, specialization and looking for improvements can move mountains.

First of all, we would like to thank our Miners who put their trust in us and all those who supported us. We hope that the coins obtained on our servers will be the best reward.

At the same time, we announce that we are officially starting work on a mining pool for Ethereum 2.0, which will work based on the Proof of Stake algorithm.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post Great achievement first appeared on ŻET Technologies.

Transaction fees

Depending on the scalability of a given cryptocurrency blockchain, it may have different bandwidth, which translates into the ability to effectively add new transactions to blocks. Typically, when network traffic is moderate, transactions are added on an ongoing basis and the level of fees is relatively low. When the traffic in the network is increased, the network becomes jammed, as a result, users should increase the transaction fee in order to ensure a quick addition of transactions. Only transactions with higher commission will be handled by miners first. In the history of cryptocurrencies, we have had periods of increased activity several times. And so in the Bitcoin network it was a fever related to the record valuation at the turn of 2017/2018. At peak times, the cost of adding a transaction to the network could be as high as $ 50. The loudest boom in the Ethereum network was related to CryptoKitty, which overloaded the network for weeks.

The situation in the Etherum network

Currently, the level of fees in the Ethereum network is very high, the base block value is 2 ethers, currently salaries are in the range of 2.3-2.6 ETH. For a miner, this means an average income of 15-30% higher than the norm. The Ethereum development team noticed this phenomenon and started working on making the charging system more flexible. This is the essence of the motivation behind EIP1559. The point is that the transaction fee system in Ethereum is not optimal and promotes overpaying, and a way to improve this system would be to introduce a mechanism that would match the basic network fee to the network demand. As a result, the efficiency of the network fee level would increase and the degree of complexity of the part of the software present in Ethereum clients (wallets) responsible for estimating the correct level of network fees would decrease.

In the current system, a newly submitted transaction has to wait until it is included in the next block generated by the miner. Currently, the easiest way to guarantee a place in the next block is to increase the “gasPrice” parameter above the network average by this waiting transaction. A miner always tries to fill new blocks with transactions that will increase his remuneration, and a transaction with a high “gasPrice” meets this condition 100%.

The problem with such a system is that, at times of high demand, the level of network charges can quickly reach unreasonably high levels. When the blocks are almost full, users start bidding on “who will give more” and artificially inflate the value of the network fee just to secure a place in the next block. In order to minimize the impact of this phenomenon, miners have the option of increasing the number of transactions that can fit in the next block. However, this mechanism is not able to change very quickly. There is also a second fact. From the miner’s point of view, it is more profitable to settle for a small but full block than to increase the “gas limit” due to the increased risk of the appearance of “Uncle” (i.e. mining up an incomplete block). In particular, if the wallet prioritizes the inclusion of a block in the network within a short period of time, there may be times when you have to pay a network fee of several times the value of the transaction being sent.

To combat this, EIP 1559 introduces the concept of a “basic grid charge” which is to dynamically adjust in such a way that the total consumption of “gas” is to be set at 10 million. In addition, instead of ending up in the miners’ pockets, the “basic network charge” will be burned, which will destroy these coins irretrievably. However, it will be possible for the person sending the transaction to include a “tip” in it, which will go to the miner who concludes such a transaction in the block.

Alternative solutions for Etherum

Due to possible problems with the implementation of EIP 1559 for the current Ethereum wallets, which will therefore have to undergo significant changes, the developers have made a counter-proposal to EIP 1559. Dan Finley proposed an alternative solution called “Escalator”, which although it is very similar however, there are some important changes to the EIP.

The user, instead of ordering a transaction with a fixed fee value, creates an “escalating order” and specifies the maximum amount that he is able to pay for concluding a transaction in the next block. All orders are put into a queue of pending transactions, which in a predictable way increases the value of the fee at the same rate as other wallets / payment processors. Thanks to this, miners can still select the highest values from the queue of pending transactions. The main advantage of this solution is that the value of fees is determined in an efficient and predictable manner, and thus protects users from paying too high transaction fees.

High transaction fees and miners’ salaries

From the miner’s perspective, the state of increased transaction fees constitutes additional income and is welcome. After all, for the same work done, the miner will receive a higher salary. It is very important, if we want to take full advantage of favorable circumstances, it is worth checking whether the selected mining platform pays the miners commission from transaction fees or only the base remuneration for the creation of a new block. It is also worth checking what policy is applied in relation to prioritization in selecting transactions with an increased fee, it is appreciated that the pool tries to choose those with the highest fees. The only Polish Ethereum mining platform follows such a policy, consistently stating that both the base block reward and all transaction fees added to the block are 100% owned by miners working on the mining platform. There is a lot to focus on if the average value of the fees is the aforementioned 15-30% of the remuneration. Sometimes there are blocks of much greater value and such “gems” are most desired by miners today.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company                                                                                  designing and manufacturing advanced crytpo miners.                                                                          ŻET Technologies provides computing power for blockchain                                                                  networks, creates technology for 21st century business.

The post Why high transaction costs in Ethereum are good for miners? first appeared on ŻET Technologies.

The genesis of ProgPow

In May 2018, at one of the cyclically convened meetings by DevTeam (the team of developers responsible for the development of ETH), EIP 1075 was submitted, proposing to change the algorithm used to extract blocks in Ethereum. EIP (Ethereum Improvement Proposal) is a document that describes the proposed new features and processes. The new algorithm is intended to serve as a mechanism to block the dominance of ASIC machines in the network and allow miners with graphics cards to decentralize the network again.

To better understand the context, it must be remembered that Ethereum was created as a cryptocurrency based on the Proof of Work consensus, and the Ethash hash algorithm was to be a bastion of thousands of miners scattered around the world, basing their machine parks on the computing power of graphics cards. This has been the case for a long time due to Ethash’s high built-in memory requirements.

In practice, the construction of an ASIC-type computing system seemed impossible, but the need is the mother of the invention and such specialized devices began to appear on the market. Initially, Asic offered similar performance to graphics card-based miners, but over time their advantage began to grow to reach the current, 2-3x faster level. In this way, the original miners began to contest this state of affairs more and more often, demanding a solution to the problem.

Cryptocurrency mining rig equipped with graphics cards. ProgPow is intended to restore this type of device to the mining game.

The translation of these expectations into reality is EIP 1075 – the new proposal has been tentatively named ProgPoW (Programmatic Proof of Work). The goal was to design an algorithm that would use the full computing power, but at the same time in a balanced way all subsystems available in modern GPU graphics cards. This means that if the manufacturer of ASIC mining rigs wanted to create an efficient machine, its solutions would have to be competitive with the current graphics card manufacturers, i.e. AMD and NVIDIA. This would increase the design effort, reduce the performance imbalance between ASIC and GPU miners, and thus take ASICs away from their current dominant position. In other words, ProgPow is a proposal to permanently introduce the status quo in digital mining.

China vs the rest of the world

Centralization of ASIC manufacturing technology in China and unfair business practices applied by local companies pose a serious threat to network security, and thus the continued success of the project and the value of the ETH coin are at stake. As a rule, any manifestation of monopolization is harmful, in the case of cryptocurrencies, decentralization and dispersion are particularly important.

As the level of ASIC technology in China is ahead of the rest of the world by several years, eventually any currency with an ASIC-friendly algorithm becomes very dependent on centralized Chinese solutions over time. As a result, manufacturers of such devices, reaping the benefits of their privileged position, resort to various solutions.

There are often accusations that ASIC manufacturers release a new generation only when advanced work on the next generation of computing chips is achieved, or ASIC manufacturers do not allow customers to buy them until they develop much faster solutions for themselves. Only then do “new” devices go for open sale, allowing the rest of the world to buy their old equipment, which is doomed to be unprofitable right from the start. Another common practice is the cyclical release of updated versions of ASIC, usually enriching the name of ASIC with additional type designations: Pro, Super, Eco, +. These are actually the same computing chips, skillfully dosed and spread over time. In this way, every few months, hot premieres with more and more efficiency come to the market.

This technological race proposed by Chinese producers carries a very high risk. With the launch of the new generation, older models immediately lose their value, and rational planning of investments in digital mining becomes very difficult. The release schedule is one of the most closely guarded secrets of Chinese manufacturers.

The proposed changes under ProgPow are to equalize the computing power for all computational systems

In the search for a way to prevent the production of cheap and fast ASIC miners, cryptography experts have been looking for the optimal solution for a long time. One of the first ways was to use a memory-intensive algorithm. The logical conclusion was that since high-speed memory chips are expensive, ASIC miners equipped with large amounts of high-speed memory should be expensive, complex, and difficult to manufacture. The first practical implementation of such an idea was “Scrypt” used in Litecoin and Dodgecoin. The new algorithm provided resilience in the early stages of these currencies, but over time, Bitmain (the Chinese leader in asic chips) developed ASIC devices to mine Litecoin. The story was similar with other algorithms focusing on the strong use of one resource, which were assumed to be resistant to ASIC excavators. However, over time, mining of coins based on these algorithms was dominated by ASIC miners.

What does ProgPow offer?

This is where ProgPow comes into play, proposing 5 significant changes to the algorithm used by Ethereum:

1. Change from keccak_f1600 (62 bit) to keccak_f800 (32 bit)
2. Increasing the mixing state
3. Adding a random math sequence to the main loop
4. Force read from cache
5. Increasing the size of the read memory from 128 to 256 bytes

These changes take advantage of the strengths of graphics cards, forcing ASIC manufacturers to create multi-tasking graphics cards instead of cheap chips. Changing the keccak to 32 bits fits the word size used in current graphics cards, while the need to perform advanced mathematical calculations prevents the use of ASICs. Memory readings require I / O capability, and doubling the amount of memory required means more memory costs.

According to the simulations carried out, such ASIC would be only 20% faster than the equivalents in the form of graphics cards, at the same time more expensive, which would make the design and production of ASIC systems meaningless. ASIC’s natural advantages would be permanently eliminated and the market situation would normalize. This is the real importance of introducing ProgPow. Many commentators admit that such a solution would be optimal; on the one hand, high openness to various computational systems, on the other hand, a progressive algorithm involving many areas of computational units, which does not allow a particular type of system to obtain a significant advantage.

ProgPow – current status

The EIP 1057 proposal was conditionally accepted in April 2020 during the developer meeting number 81. As a result, we can expect the ProgPoW algorithm to be adopted in future updates, but we still do not know the exact date when it will happen. At the moment, a similar move has been decided by RavenCoin (RVN), which paves the way for the practical application of solutions used under ProgPow, and its original KawPow algorithm has been passing the test so far and evenly positions the streams of computing power flowing from various types of computing systems.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company                                                                                  designing and manufacturing advanced crytpo miners.                                                                          ŻET Technologies provides computing power for blockchain                                                                  networks, creates technology for 21st century business.

The post ProgPow – the perfect algorithm? first appeared on ŻET Technologies.