A Beginner’s Guide to Ravencoin (RVN) Mining: Profits, Pools, and Setup

Ravencoin (RVN) has emerged as a popular Proof-of-Work (PoW) cryptocurrency, especially for GPU miners post-Ethereum’s transition to PoS. This guide covers everything from wallet setup to profitability calculations, ensuring you’re ready to start mining RVN efficiently.

Getting Started with Ravencoin Mining

Prerequisites

Before diving in, ensure you have:

A Ravencoin-compatible wallet (e.g., OKEx, Binance).
Access to a mining pool (we recommend 2Miners).
Mining software (e.g., T-Rex for KAWPOW algorithm).

1. Wallet Setup

Ravencoin is traded on exchanges like OKEx and Binance. Follow these steps:

OKEx: Navigate to Assets > Deposit to generate an RVN deposit address.
Binance: Similarly, create an RVN wallet under Spot Wallet.

👉 Compare wallets for RVN mining

Pro Tip: Use exchanges to convert RVN to other cryptocurrencies for easy fiat withdrawals.

2. Choosing a Mining Pool

2Miners is a top choice (ranked #1 by Mining Pool Stats) due to its:

Low 10 RVN payout threshold.
Reliable Stratum servers (e.g., stratum+tcp://asia-rvn.2miners.com:6060).

Alternatives:

Flypool
MinerMore

3. Mining Software Setup

Downloading T-Rex

Get the latest T-Rex Miner from GitHub.
Extract the ZIP file and place it in a dedicated folder.

Configuring the BAT File

Edit/create a .bat file with this template:

t-rex.exe -a kawpow -o stratum+tcp://asia-rvn.2miners.com:6060 -u YOUR_WALLET_ADDRESS.WORKER_NAME -p x
pause

Replace:

YOUR_WALLET_ADDRESS with your RVN wallet.
WORKER_NAME with a unique identifier (e.g., “Rig1”).

👉 Optimize T-Rex settings for higher profits

4. Monitoring Your Mining Rig

Track performance via:

2Miners Dashboard: Input your wallet address here.
T-Rex Terminal: Real-time hash rate and shares.

Key Metrics:

Hash Rate: Aim for ~22 MH/s (RTX 3060).
Power Efficiency: ~186 kH/W.

Profitability Analysis

Test Setup

GPU: NVIDIA RTX 3060
Overclock Settings:
- Core Clock: +100 MHz
- Memory Clock: +1000 MHz
- Power Limit: 70%

Earnings Breakdown

Metric	Value
Daily Revenue	~239 JPY
Power Cost (240W)	~138 JPY
Net Profit	~101 JPY/day

Assumptions:

Electricity cost: 24 JPY/kWh.
Hash rate: 22 MH/s.

FAQs

Q1: Is RVN mining still profitable in 2024?

A: Yes, especially with efficient GPUs like the RTX 3060. Profits depend on RVN’s market price and electricity costs.

Q2: What’s the best mining pool for RVN?

A: 2Miners offers low fees and reliable payouts. Alternatives include Flypool.

Q3: Can I mine RVN with NiceHash?

A: Yes, but payouts are in Bitcoin, not RVN. Direct mining is recommended for RVN holders.

Conclusion

Ravencoin mining remains viable for GPU miners, offering modest profits with minimal setup. Optimize your rig with OC settings and join a high-reward pool like 2Miners for the best results.

Next Steps:

Explore Conflux (CFX) mining for diversification.
Monitor RVN’s price trends for optimal mining windows.

Final Notes:

Remove hyperlinks except for the OKX anchor text.