How to Mine Pyrin: PYI Coin Details, Mining Setup and Profitability
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.
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.
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.
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.
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.
This
is
what
the
PYI
sending
window
looks
like.
If
you
have
previously
conducted
transactions
with
cryptocurrencies,
there
will
be
no
problems
here.
To
download
the
desktop
version,
follow
this
link.
You
can
also
study
the
application’s
source
code
if
you
have
the
appropriate
knowledge.
Here
is
the
link
to
the
Android
app.
A
wallet
for
iOS
devices
is
not
mentioned
on
the
site,
so
it
does
not
exist.
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
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.
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.
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
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.
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.
In
this
situation,
the
hashrate
is
enough
to
mine
approximately
148
blocks
per
day.
And
this
is
more
than
enough
for
solo
mining.
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
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.
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