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GINcoin is a currency that aims to be a turnkey solution for people who want to install the masternodes. The idea of this coin is that there are a lot of cryptocurrency investors who would like to install the masternodes, but lack the technical skills to be able to install them and lose opportunities. Gincoin wants to change this by allowing a user to set up any coins masternode using a simple GUI software.
I noticed that at the moment they only have software that works with the setting up of their GINcoin masternode, but in the future they say it will work with all blockchains.
Now that we know the details of GINcoin, let's move on to GIN mining!
Some General Mining Tips
So, before starting this tutorial, I have two tips for making the most of your mining experience. First make sure you have the latest drivers for your GPUs. Secondly, most mining software will be flagged as virus by virus scanners. For this reason, if you perform mining operations on your normal gaming or everyday computer with an antivirus installed, it is advisable to exclude the mining software from the antivirus. What I like to do is create a folder and then insert all my mining software into subfolders. Then I exclude the top-level folder from the antivirus and this excludes all the data mining software.
Mining Pools
The first thing we need is a mining pool. You can mine mine, but the payments could take months, depending on how powerful your mining rig is, and the mineral pools usually require a very small fee (1% or less). Using a pool will allow you to receive consistent payments, several times a day.
For this tutorial we will use https://arcpool.com/. I chose this pool because the pool has low rates (0.5%)
As for their features, there is a medium-sized pool, with many different coins to be mined.
Now that we have a pool, let's start the extraction!
CPU Mining
We will not focus on CPU mining because it is not profitable, compared to the GPU extraction.
Mining GPU – Nvidia
For GPU mining there are many programs for Nvidia, but what I found to be the best is CCminer. The miner does not have a Dev commission. This data mining software is compatible with Windows and Linux, however only precompiled binaries for Windows are available.
You can find the official page and the download link at the address https://github.com/tpruvot/ccminer/releases
Once downloaded, it's really easy to use.
Just create a new batch file (or script file if you are using linux) inside the folder where the miner is located and paste it into the batch file
ccminer-x64.exe - an algorithm [19659020] -o stratum + tcp: // mining_pool: port -u wallet_public_key -pc = coin_symbol
Replace "algorithm" with the algorithm you want to use. In this case we have to use "lyra2z"
Replace "mining_pool" with eu1.arcpool.com
Replace "port" with 1739
Replace "wallet_public_key" with the address of your wallet.
Replace "coin_symbol" With GIN
For example, my configuration is: ccminer-x64.exe -a lyra2z -o stratum + tcp: //eu1.arcpool.com: 1739 -u GJLMv61DNavSxA2FUvFAKxQxj9Bx6Jurxf -pc = GIN [19659004] Double-click the batch file to run the miner and you should see something similar
The red arrow indicates the GPUs detected in your system.
The green arrow shows the total speed for your GPUs.
The blue arrow indicates the clock speed of the GPU, hash per watt, total power consumption, temperature and fan speed.
Mining GPU – AMD
For GPU mining there are many programs for AMD, but what I found to be the best is a fork sgminer that includes the lyra2z mining algorithm. Data mining software has no development costs. This data mining software is compatible with Windows and Linux, however only precompiled binaries for Windows are available.
You can find the official page and the download link at the address https://github.com/djm34/sgminer-msvc2015/releases Once downloaded, it is very simple to use.
Just create a new batch file (or script file if you use Linux) inside the folder where the miner is located and paste it into the batch file
setx GPU_FORCE_64BIT_PTR 1 setx GPU_MAX_HEAP_SIZE 100 setx GPU_USE_SYNC_OBJECTS 1 setx GPU_MAX_ALLOC_PERCENT 100 setx GPU_SINGLE_ALLOC_PERCENT 100 sgminer -k algorithm -o stratum + tcp: // mining_pool: port -u wallet_public_key -pc = coin_symbol
Replace "algorithm" with the # 39; algorithm that you want to use. In this case we have to use "lyra2Z"
Replace "mining_pool" with eu1.arcpool.com
Replace "port" with 1739
Replace "wallet_public_key" with the address of your wallet.
Replace "coin_symbol" With GIN
For example, my configuration is: sgminer -k lyra2Z -or stratum + tcp: //eu1.arcpool.com: 1739 -u GJLMv61DNavSxA2FUvFAKxQxj9Bx6Jurxf -pc = GIN
Double-off click on the batch file to run the miner, and you should see something similar
The picture above was taken from my Come Raven Coin (RVN): Complete Beginner & # 39; s Guide [19659004] Red box indicates total speed for all GPU combination.
The blue box indicates the temperature, fan speed and total speed of each GPU.
If there are problems, you may not have enough virtual memory. You may need 16 GB of virtual memory (for Vega GPUs you need more than 16 GB per GPU) to change it go to Control Panel -> System and Security -> System and click on Advanced System Settings on the left. From there, click Settings on the Advanced tab. After clicking edit, then on the third screen, deselect the automatic management, choose the custom size and type the size (in MB) for both text boxes. Then press the Set button, then the OK button.
General troubleshooting
One thing to monitor is stale or rejected shares. If you see a lot of expired shares, you may want to try a server closer to you. If you see a lot of rejected actions, try to reduce the miner's intensity, if available.
How much GIN will I earn per day?
To figure it out, you would go to http: // whattomine. com and use their calculator. The calculator provides a rough estimate, so you may receive a sum higher or lower than the one actually indicated by the calculator. In this case, the GIN calculator is located at https://whattomine.com/coins/250-gin-lyra2z. The calculator gives an approximate estimate, so you may receive a sum higher or lower than the one actually indicated by the calculator.
Most of the values have already been entered correctly and you only have to change some values.
Hash Rate : Enter your total speed (in Kilohashes per second) for all your mining computers. This would be the value of "total speed" in your data mining software. Make sure you add all the computers you use for GIN mining.
Power: Enter the total amount of energy (in watts) your mining rig is using. Some mining software will measure it for you. You can also measure the total energy consumption for your computer using special software or a kilowatt meter. I prefer to use a kilowatt meter, because I find it to be the most accurate. Be sure to add all the computers you use for GIN mining.
Cost: Enter the cost per kilowatt hour you pay for your electricity company. I was able to find this information on my monthly bill, as well as on their website.
Pool Rate: Enter the pool rate + the mining software development fee. For our example you will enter 0.5 + 0 = 0.5
Hardware cost: Enter the total cost of all your hardware.
Using my AMD Vega system for an example, I will show you how to read the data. In the image above there are really 3 things I'm looking for.
# 1 See Difficulty 24h and Difficulty 7 days . We want them to be all the same, what they are. This tells us that the calculations that we will see in the second image below, will be precise for the days to come, provided the price is not volatile.
# 2 See the EX. volume 24h and Market Cap . Generally, the bigger these are, the less the price will be volatile. We want the price to be non-volatile, so our calculations will be accurate for the days to come. In this example, market capitalization is minimal, so the price may change a lot day by day.
# 3 Watch Create 1 BTC in and Break even in . It is always interesting to see how long it will take your rig to create 1 BTC. The break even in, will show you a rough estimate of how long it would take to pay for your mining rig, extracting this particular coin. This is great to use before building your mining rig, to see how long it will take until you see the profits.
In this image, we can quickly see how many coins and value in USD we will make at certain time intervals. You want to see the Profit column, as this is the value after paying for your electricity consumption. I usually focus only on the daily payment in USD. By focusing only on this number, you can run the calculator for a few different currencies and quickly see which currency is most profitable for setting up the mining platform. Keep in mind that you also want to weigh the daily payment with the market capitalization. A low capitalization coin could be really profitable one day, so it could have half the payment tomorrow.
Here it is. Now you should extract GINcoin! Be sure to type your public key in the mining pool control panel to keep track of your statistics.
