Note that NEOX isn't the only new addition to the 2Miners mining pool lately. Shortly after updating the Etherium network, third-party developers launched a blockchain fork based on the Proof-of-Work consensus algorithm, and it is this network's coin, called ETHW, that can now be mined on the pool.

As of today, more than 10,000 people are mining ETHW. At the same time, Neoxa is gaining popularity, and that's what we'll talk about today.


The most popular cryptocurrencies at 2Miners mining pool

What is Neoxa NEOX. Features of the cryptocurrency

According to the project’s homepage, Neoxa is a secure decentralised blockchain for gamers, developers and miners. Neoxa launched in the second quarter of 2022.

Neoxa homepage

The emphasis on gamers here is not coincidental. As stated further, Neoxa is enabling a revolution in the gaming industry through the use of blockchain technology. The goal of the project is to provide decent rewards to members of the gaming industry for the process of playing and developing games.

Neoxa project description on the website

Let’s now take a look at the vision of the development team. They specify that Neoxa ecosystem depends on different components, but its functionality is ensured by miners in one way or another. 5 percent of blockchain creation fees are allocated for marketing and development, as well as the launch of new projects as part of the future NEOX Marketplace trading platform.


The main difference with Neoxa is the ability to earn cryptocurrency through both mining and gaming. The latter is possible thanks to a combination of the popular Proof-of-Work consensus algorithm and an innovation called Proof-of-Game (PoG). In essence, it is about redistributing some of the revenue for blockchain creation to the players.

As the developers point out, before, the communities of miners and gamers were separated from each other, and this resulted in a shortage of graphics cards, among other things. Now representatives of both worlds can unite and get their share of the pie.


What kind of share are we talking about? According to the website of the project, during the first year of the project miners will get 85 percent of income from block creation, while gamers will get 10 percent. During the second year, the ratio will be 75 and 20 percent, while during the third year the ratio will be 55 and 40 percent respectively.

Changing the block reward model in Neoxa

In the fourth year of the project’s existence, however, the balance will shift in favor of gamers: they will receive 60 percent of block reward, while miners will receive 35 percent. The aforementioned 5 per cent marketing and development fee will remain steady for the duration.

Neoxa developer targets for the second quarter

According to the developers, Neoxa is the first project with such a reward distribution mechanism.

Two games, Rust and Minecraft, are now available to play and earn NEOX. And the coins will only be awarded for activity on certain servers.

Neoxa game servers

Also, to participate in NeoxaCraft – so called Minecraft-server from Neoxa – you need to create an account and provide your own wallet address, which is quite logical. If so, detailed conditions for playing for money are given here.

Project description NeoxaCraft


If you want to get acquainted with the details of the project in all the details, we recommend to read the Neoxa whitepaper. It is available here.


Neoxa NEOX exchange rate

NEOX coin is the backbone of the Neoxa ecosystem, which allows miners and gamers to earn money. The cryptocurrency was also launched in the second quarter, and can be interacted with in the same way as other coins.

This means that miners and gamers can sell coins to lock in their earnings, while traders will be able to speculate on NEOX's exchange rate.

Today, NEOX is trading at $0.00471265 and is ranked 1221 on CoinGecko’s rankings. The maximum number of coins is limited to 21 billion units, with 995 million NEOX currently in circulation.

Neoxa NEOX price today


This means that the current supply represents only 4.7 percent of the cryptocurrency's maximum quantity. Accordingly, the volume of the coin will increase markedly further, which could, in theory, create seller pressure on the value of the asset. However, this should primarily be of interest to long-term investors.


A chart of the cryptocurrency has been available since August 24. It looks like this.

Neoxa NEOX cryptocurrency chart in 2022

And some more statistics. NEOX is 82 percent behind its high, while the cryptocurrency is 245 percent above its low.

NEOX cryptocurrency price performance

Where to buy Neoxa NEOX cryptocurrency

NEOX is traded on three platforms – Txbit, XT-com and TradeOgre. Txbit accounts for the majority of the transaction volume in the form of 88 percent, although CoinGecko has a lower confidence level in this exchange compared to the other platforms.

Neoxa NEOX backed exchanges

Trading is predominantly paired with USDT. A Litecoin LTC option is also available on TradeOgre.

Transaction volumes are $686 thousand per day, which is quite low. Liquidity on the mentioned platforms is also low, which can be assessed by the two right-hand columns.

Liquidity of Neoxa-backed cryptocurrency exchanges

They mean that you only need to buy the cryptocurrency for the equivalent of $133 to boost NEOX on XT-com. So coin owners need to be prepared for dramatic changes in the value of the asset.

Neoxa NEOX cryptocurrency wallet

At the moment, you can interact with NEOX using the official wallet on Windows and its two versions for the Linux platform, available at the link. The ARM Wallet will be released later.

Neoxa wallets

You can also hold the coin on the exchanges already mentioned.

How to mine Neoxa cryptocurrency NEOX

The Neoxa network uses the KawPoW mining algorithm, which is the same as the more popular Ravencoin. Each block in the network is created in an average of 60 seconds, the reward for it is 4,250 NEOX, which is the equivalent of $20.

Features of the Neoxa network

In order to mine, you need to download the appropriate software. In case of Nvidia video cards we recommend Gminer or T-Rex, in case of AMD – NBMiner or TeamRedMiner. All of the above programs are available in the universal archive with the password “2miners”. Capital letters, dots and other symbols are not needed.


The payment of rewards in NEOX at the 2Miners mining pool is free, i.e. the commission is covered by the pool. And this will save you unnecessary costs and maximize your income.


2Miners pays a reward fee to Neoxa miners

In the archive we also find the bat-files that are needed to start mining. The main thing before you start mining is to change the address in the bat-file instead of the combination “YOUR_WALLET_ADDRESS”, so that the reward payment goes to the right wallet.

In general, bat-files for NEOX mining for different miners are as follows. Here is the combination for Gminer.


miner.exe --algo kawpow --server neox.2miners.com:4040 --user YOUR_WALLET_ADDRESS.RIG_ID
pause


Settings for T-Rex.


t-rex.exe -a kawpow -o stratum+tcp://neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
pause


Here are the settings for Team Red Miner.


teamredminer.exe -a kawpow -o stratum+tcp://neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
pause


There is also an option for Xmrig.


xmrig.exe -a kawpow -o neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
pause


Last on the list is NBMiner.


nbminer.exe -a kawpow -o stratum+tcp://neox.2miners.com:4040 -u YOUR_WALLET_ADDRESS.RIG_ID
pause


Cryptominer

You can change the name of the farm from RIG_ID to another word, if you wish. You can use up to 32 characters in the name, only letters of the Latin alphabet, numbers from 0 to 9 as well as “_” and “-” characters.

Mining Neoxa NEOX using Miningrigrentals and NiceHash

Neoxa mining is supported by the Miningrigrentals and NiceHash platforms.

Here are the settings for Miningrigrentals.


Name: 2Miners NEOX
Type: KawPOW (RVN)
Pool Host: neox.2miners.com:4040
Workername (-u): YOUR_WALLET_ADDRESS
Password (-p):



x

And for NiceHash.


Custom pool name: 2Miners NEOX
Algorithm: KAWPOW
Stratum hostname or IP: neox.2miners.com
Port: 4141
Username: YOUR_WALLET_ADDRESS
Password:




x

Cryptocurrency Miner

Neoxa NEOX mining profitability

After the recent transition of Etherium to PoS, the cryptocurrency mining industry has seen a surplus of processing power. Some of it has been diverted to other coins, which has had a significant impact on the profitability of mining.


It is important to consider that the cryptocurrency market is now in a bearish trend, meaning that many coins are 70-90 per cent behind their price highs. This means that when the situation in the niche improves, there will be more room for mining - as well as profits.


To illustrate, let’s show the profit margins of NEOX mining, using the 2CryptoCalc calculator to do so. Here is the result of mining on eight units of Nvidia GeForce GTX 1080 Ti: we are talking about the equivalent of $1.89 per day.

Return on NEOX mining on eight Nvidia GTX 1080 Ti

This result does not take into account electricity costs, i.e. the figures are suitable for the so-called zero outlet.

In the case of eight units of the top-end Nvidia RTX 3080 Ti, the revenue would be $4.44 per day.

Returns of NEOX mining on eight Nvidia RTX 3080 Ti

Conclusion. Is it worth mining NEOX?

The concept of blockchain gaming was one of the most popular before the bearish trend in late 2021. Accordingly, a similar combination in the form of the Neoxa project could attract quite a few investors in the future – and especially if the team gets gamers interested and introduces them to the world of crypto.

In the meantime, users have to watch the developers’ activity. By the end of the year they plan to launch a Neoxa App marketplace for independent developers, which could be a good news story.

Join our community of miners on Telegram. We’ll talk about other topics there as well.