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Webchain is a new type of cryptonight coin, which aims to be anti ASIC and allows for smart contracts with ERC20 and EC223 standards along with D-apps. It also is a cryptonight coin, so it has all the privacy features that Monero has like ringCT, stealth addresses etc. It uses a modified version of the Cryptonight V7 algorithm.
Is the block of time is 10 seconds. 1-4 minute cryptonight variant to get the most mining for webchain.
Now that we know the details about Webchain, let's get to mining some WEB!
Some General Mining Tips
I know this before, I have two tips for making the most out of your mining experience. First make sure you have the latest drivers for your GPU's. Secondly, most software will get flagged as a virus from virus scanners. Because of this, if you are mining on your normal everyday use or gaming computer that has an antivirus installed, you will want to exclude the software from the antivirus. What I like to do, is I make one folder and then I put my software into sub folders. I then exclude the top-level folder from the anti-virus software.
Webchain Mining Optimizations
One thing I noticed when I lost this money 10 seconds apart that my computer is supposed to be that.
Usually the retarget time on pools are about 30 seconds unless manually changed which is fine for other 1+ minute coins. You would like to get the most out of the webchain that you do not have, or you choose the lowest difficulty port to mine on.
This will allow you to send shares faster, depending on how much hashing power you have. Since this is not the case that you need to be too fast to where you send it to your connection, since normally the computers will not generate much bandwidth compared to downloading files etc.
Everyone's bandwidth and hashing power is different, I know how to spend a good time. In my case I would have been able to get the ratio to the one that happens when the 1 or 2 minute cryptonight coin.
Mining Pools
The first thing we need is a mining pool. You can only mine, but the payouts can be used on your powerful rig, and the mining pools usually charge a very small fee (1% or less). Using a pool will allow you to receive consistent payouts, multiple times per day.
For this tutorial we will use https://webcn.loudmining.com/#/. They have a low fee (0.5%) and lots of features for the software. Webchain is mostly a CPU mineable coin, since it has a modified algorithm and none of the more mainstream mining software have implemented the changes yet to add the special algorithm. This pool offers mining software for AMD, and Nvidia that has the changes applied.
They also have a wide variety of ports to choose from
Now that we have a pool, lets start mining!
CPU Mining
Download the official CPU miner from https://github.com/webchain-network/webchain-miner/releases. This is a xmrig fork, I know it behaves like xmrig. You can download it for Windows, Linux and Android. Unzip the folder and then run this command from a terminal or command prompt
webchain-miner -o mining_pool:Ports -u wallet_public_key -p x -worker-id worker --donate-level = 1 --cpu-priority = 0
Replace "mining_pool" with webcn.loudmining.com
Replace "port" with a port. I would use 2222 if your CPU is a quad core or more, otherwise use 1111
Replace "wallet_public_key" with your wallet address
"Worker" is optional. Use this if you have multiple mining computers. For example I could do officecomputer for one computer and then gamingcomputer for another computer. This way you can keep track of them on the pools dashboard.
You can also change the donation level and change the CPU priority.
You should then see this screen
GPU Mining – Nvidia
For GPU we will be using the software from the mining pool. These are just modified versions of xmrig-amd and xmrig-Nvidia.
You can download them from https://webcn.loudmining.com/#/downloads
Once it is really simple to use.
xmrig includes a unique website where you can auto generate a config file for you at https://config.xmrig.com/
You'll probably want to configure it and test it to get the best settings.
You will also want to change the pool and put your public address into the address spot. You might also want to change the donation level.
Double click the file to run the miner, and you should see something like this
GPU Mining – AMD
For GPU we will be using the software from the mining pool. These are just modified versions of xmrig-amd and xmrig-Nvidia.
You can download them from https://webcn.loudmining.com/#/downloads
Once it is really simple to use.
xmrig includes a unique website where you can auto generate a config file for you at https://config.xmrig.com/
You'll probably want to configure it and test it to get the best settings.
You will also want to change the pool and put your public address into the address spot. You might also want to change the donation level.
Double click the file to run the miner, and you should see something like this
If there are problems, you can try a few things.
You may not have enough virtual memory. You may need 16GB of virtual memory (for Vega GPUs) you need more like 16GB for GPUs to change this to Control Panel -> System and Security -> System and the click Advanced system settings on the left. From there, click settings under the advanced tab. Next click change, and then on the third screen, uncheck automatically manage, choose custom size, and type in the size (in MB) for both text boxes. Then press the set button, then the ok button.
General Troubleshooting
One thing to monitor for is stale or rejected shares. If you see a server that is closer to you. If you see a lot of rejected shares.
How much WEB will I earn per day?
To figure this out, you would go to https://www.coincalculators.io/coin.aspx?crypto=webchain-mining-calculator and use their calculator. The calculator does provide a rough estimate, so you can get paid higher or lower amount than what the calculator actually says.
Most of the values are already entered correctly, and you only need to edit a few values.
Hash rateEnter your total speed for all your computers. This would be the "total speed" value in your software mining. Make sure to add up your computer for Webchain mining.
Power: Enter the total amount of power (in watts) that your mining rig is using. Some software will measure this for you. You can also measure total power consumption for your computer using special software, or a kilowatt meter. I prefer using a kilowatt meter, because I find it to be the most accurate. Make sure to add up your computer for Webchain mining.
cost: Enter the cost per kilowatt hour that you pay to your electricity company. I was able to find this info in my monthly bill, as well as on their website.
Pool fee: Enter the pool fee + the miner software dev fee. For our example you would enter 0.5 + 1 = 1.5
Hardware cost: Enter in the total cost of all of your hardware.
Using my AMD Vega system for an example, I will show you how to read the data. In the above image there is really 3 things that I look for.
# 1 Look at the Difficulty 24h and the Difficulty 7 days. We want these to be around the same, which they are. This tells us that we will look into the second image below, as long as the price is not volatile.
# 2 Look at the FORMER. volume 24h and the Market Cap. Generally, the bigger these are, the less volatile the price will be. We want to be volatile so our calculations will be accurate for days to come. In this example, the market cap is small, the price could change a little day to day.
# 3 Look at the Create 1 BTC in and the Break even in. It is always interesting to you. The break even, would you like to take off your mining rig? Will be before you will see profits.
In this image, we can make it in certain time frames. You want to look at the Profit column, since this is the value after paying for your electricity usage. I usually just focus on the daily payout in USD. For example, you can run the calculator for a few different coins, and quickly see which coin is most profitable for your mining rig setup. Keep in mind you also want to weigh the daily payout with the market cap. A low market cap coin may be really profitable one day, and then could have been half the payout tomorrow.
That's it. You should now be mining Webchain! Into the public pool into the mining pool, to keep track of your statistics.
