How to Mine Pyrin: PYI Coin Details, Mining Setup and Profitability

pyrin_mining


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.

pyi1

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.

Pyrin Emission Curve

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.

Pyrin Market Cap

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.

Pyrin Seed Phrase

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.

Pyrin Wallet

This
is
what
the
PYI
sending
window
looks
like.
If
you
have
previously
conducted
transactions
with
cryptocurrencies,
there
will
be
no
problems
here.

Pyrin Wallet 2

To
download
the
desktop
version,
follow

this
link
.
You
can
also
study
the
application’s
source
code
if
you
have
the
appropriate
knowledge.

Pyrin Desktop Github


Here
is
the
link

to
the
Android
app.
A
wallet
for
iOS
devices
is
not
mentioned
on
the
site,
so
it
does
not
exist.

Pyrin Mobile Wallet

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 Markets


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
.

Pyrin Blockchain Explorer

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.

Pyrin Profitability


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 2CryptoCalc


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.

2Miners Main Page

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.

Pyrin on 2CryptoCalc

In
this
situation,
the
hashrate
is
enough
to
mine
approximately
148
blocks
per
day.
And
this
is
more
than
enough
for
solo
mining.

Pyrin SOLO

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

Pyrin Mining Pool

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.



Follow
our
Twitter
(X)
account
@POOL2MINERS

Comments are closed.