12-20-2017, 12:07 PM
@xdude Well if you have time to read some then,
This is mining with CPU, you can also mine with GPU if you want,
How it works is pretty easy, there are alot of altcoins (altcoins = bitcoin alternatives) which you can mine with cpu not just this (xrc), but this is what i'm currently mining so to start mining you need a program which supports cryptonight something like xmr-stak for linux (which allows cpu and gpu mining) or is a program called "CryptoNight" which is for windows mining, (it uses 'minerd') but just has a GUI to make it easy.
The pool will pay you for hashes which you solve, example till now i've mine 9106075761 hashes and i've got paid 12576 XRC worth 288$
So the pool is totally automated it will automatically send you payments for the work which you will do, you may will not be able to see your profit in first 4-5 hours if your hash rate is around 100-300H/s but after 3-5 hours you will get paid for hashes which you have mine. After first payment if you keep mining you will be able to see your profit after each block which we get there is no delay anymore. Also i must say that you will be able to see profit only if we keep getting blocks. if we can't get a block there is no payment not just for you but for all workers mining on that pool. Because when we mine a block that blocks will gave us a reward and that reward is ex 22 XRC (each block) and with that reward pool will pay workes.
Block reward goes low and low with time. Also from pool page you can see "Difficulty" if that's low your profit will be high because with a low power you will be able to mine more. But if Difficulty goes high your profit will go low. if it goes high and high you will not be able to mine that coin with cpu anymore!
Low Difficulty - high bandwidth will be used by pool and miner.
High Difficulty - low bandwidth will be used by pool and miner (because cpu will not have the required power to be able to solve alot of hashes)
As the coin which i'm mining can be mined with cpu i've set a low difficulty (you can see it https://raw.cryptoman.al/#getting_started DIFF. 100) there are pools which have a limited bandwidth and have put a high start difficulty for miners. and for you will be hard to mine on that pool if you have a small power!
CryptoNight algorithm Does not require a monster CPU like Intel i7-7700K (4+Ghz) but CryptoNight will use 2MB L1 or L2 or L3 cache for each core which your cpu have. so just with i7-7700K you will be able to get just around 200H/s but if i7-7700K have around 15+MB cache your hash rate can go +500H/s !
There is something else which you should know. example i7-7700K have 4 physical cores and 8 threads. Never use all threads to mine because hash rate will be low. always use just physical cores. Programs which are for mining have a option to choose how much cores you want to put in mining so if your CPU model is i7-7700K you should use just 4. if your cpu model is Xeon E5-2667v3 (which has 20MB Cache and 8 cores) you may can use around 10 core on mining because that cpu has 20MB cache.
So as you are mining you will start to get profit and you now need a shop where you can sell them. (you can always handle if you want to wait because price of those coins can go high or low who knows) so you can see price and market of each coin here
https://coinmarketcap.com/currencies/rawcoin2/
https://coinmarketcap.com/currencies/rawcoin2/#markets
As you can see from that link, market who supports that is livecoin.net so you can go creating one account and selling them.
At livecoin https://i.imgur.com/fxDg9fr.png you can set by yourself the price which you wants to sell your coins. example ppl come and wants to buy xrc and they put a price https://i.imgur.com/gdYaxoP.png (0.00000120 BTC x each XRC) means 0.02$ for each XRC.
but you can also do this https://i.imgur.com/UZiFJ2r.png (0.00000150 BTC x each XRC) but if you put that price you will need to wait till coin price rise and after they get sold you get your BTCs.
Just to remind all what i said is from my experience so may i can be wrong in somethings!
Another way is trading. Example you buy a coin when its price is low and you sell when it goes high..
But that's a case about luck xd.
This is mining with CPU, you can also mine with GPU if you want,
How it works is pretty easy, there are alot of altcoins (altcoins = bitcoin alternatives) which you can mine with cpu not just this (xrc), but this is what i'm currently mining so to start mining you need a program which supports cryptonight something like xmr-stak for linux (which allows cpu and gpu mining) or is a program called "CryptoNight" which is for windows mining, (it uses 'minerd') but just has a GUI to make it easy.
The pool will pay you for hashes which you solve, example till now i've mine 9106075761 hashes and i've got paid 12576 XRC worth 288$
So the pool is totally automated it will automatically send you payments for the work which you will do, you may will not be able to see your profit in first 4-5 hours if your hash rate is around 100-300H/s but after 3-5 hours you will get paid for hashes which you have mine. After first payment if you keep mining you will be able to see your profit after each block which we get there is no delay anymore. Also i must say that you will be able to see profit only if we keep getting blocks. if we can't get a block there is no payment not just for you but for all workers mining on that pool. Because when we mine a block that blocks will gave us a reward and that reward is ex 22 XRC (each block) and with that reward pool will pay workes.
Block reward goes low and low with time. Also from pool page you can see "Difficulty" if that's low your profit will be high because with a low power you will be able to mine more. But if Difficulty goes high your profit will go low. if it goes high and high you will not be able to mine that coin with cpu anymore!
Low Difficulty - high bandwidth will be used by pool and miner.
High Difficulty - low bandwidth will be used by pool and miner (because cpu will not have the required power to be able to solve alot of hashes)
As the coin which i'm mining can be mined with cpu i've set a low difficulty (you can see it https://raw.cryptoman.al/#getting_started DIFF. 100) there are pools which have a limited bandwidth and have put a high start difficulty for miners. and for you will be hard to mine on that pool if you have a small power!
CryptoNight algorithm Does not require a monster CPU like Intel i7-7700K (4+Ghz) but CryptoNight will use 2MB L1 or L2 or L3 cache for each core which your cpu have. so just with i7-7700K you will be able to get just around 200H/s but if i7-7700K have around 15+MB cache your hash rate can go +500H/s !
There is something else which you should know. example i7-7700K have 4 physical cores and 8 threads. Never use all threads to mine because hash rate will be low. always use just physical cores. Programs which are for mining have a option to choose how much cores you want to put in mining so if your CPU model is i7-7700K you should use just 4. if your cpu model is Xeon E5-2667v3 (which has 20MB Cache and 8 cores) you may can use around 10 core on mining because that cpu has 20MB cache.
So as you are mining you will start to get profit and you now need a shop where you can sell them. (you can always handle if you want to wait because price of those coins can go high or low who knows) so you can see price and market of each coin here
https://coinmarketcap.com/currencies/rawcoin2/
https://coinmarketcap.com/currencies/rawcoin2/#markets
As you can see from that link, market who supports that is livecoin.net so you can go creating one account and selling them.
At livecoin https://i.imgur.com/fxDg9fr.png you can set by yourself the price which you wants to sell your coins. example ppl come and wants to buy xrc and they put a price https://i.imgur.com/gdYaxoP.png (0.00000120 BTC x each XRC) means 0.02$ for each XRC.
but you can also do this https://i.imgur.com/UZiFJ2r.png (0.00000150 BTC x each XRC) but if you put that price you will need to wait till coin price rise and after they get sold you get your BTCs.
Just to remind all what i said is from my experience so may i can be wrong in somethings!
Another way is trading. Example you buy a coin when its price is low and you sell when it goes high..
But that's a case about luck xd.