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Simplebank is a coin based on Dash, with many unique features and Masternodes. Simplebank wants to be a digital cryptocurrency bank platform, in which it will make it easier for merchants and consumers to buy cryptography and use cryptography. It will also allow you to exchange fiat in encryption with any participating merchant. Simplebank uses the NeoScrypt algorithm, which is ASIC resistant.
Now that we know the details of Simplebank, let's move on to the mining of some SPLBs!
Some General Mining Tips
So before we start this tutorial, I have two tips to make 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 mining software.
NeoScrypt Mining Temperature
One thing I would like to highlight before starting this tutorial is the fact that the NeoScrypt algorithm is running much hotter than most mining algorithms. For example, if you take a look at my tutorial on the extraction of Bitcoin Private (an equihash currency) on https://blockonomi.com/how-to-mine-bitcoin-private/ You can see that in the picture of AMD mining my temperature reads about 47 degrees Celsius (after working for hours it usually reaches its maximum at 52 degrees Celsius). For this tutorial, I ran the miner for 10 minutes and the temperature was around 70 degrees Celsius (it became even hotter after working for a few hours)
The temperature differences will obviously be different for everyone, even with the same software and hardware configuration I have. I just wanted to point it out.
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%) and seems to be a well-known NeoScrypt mining pool.
As for their characteristics, there is a medium-sized pool, with many different coins to extract.
Now that we have a pool, let's start mining
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 better 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 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 [19659022] -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 must use "neoscrypt"
Replace "mining_pool" with eu1.arcpool.com
Replace "port" with 1128
Replace "wallet_public_key" with the address of your wallet.
Replace "coin_symbol" With SPLB
For example my setup is:
ccminer-x64.exe -a neoscrypt -o stratum + tcp: //eu1.arcpool.com: 1128 -u ScLBihVT9aN9Yr3AHN6yBWZ94VEgDYvvny -pc = SPLB
Double-click the batch file to run the miner and you should see something similar
Note this picture was taken from my coin Vivo Coin VIVO: Complete Beginner's Guide
red arrow indicates the GPU
The blue arrow indicates the total speed for the GPUs.
The green arrow indicates the clock speed of the GPU, hash per watt, total power consumption, temperature and fan speed.
Mining GPU – AMD
There are many AMD programs for GPU mining, but what I found to be the best is Claymore's NeoScrypt AMD GPU Miner. The miner has a development fee of 2%. This data mining software is compatible only with Windows.
You can find the official page and download link at the address https://bitcointalk.org/index.php?topic=3012600.0
Once downloaded, it is very easy 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 NeoScryptMiner.exe -pool mining_pool: port -wal wallet_public_key -psw coin_symbol
If you are using Linux, remove all setx commands.
Replace "mining_pool" with eu1.arcpool.com
Replace "port" with 1128
Replace "wallet_public_key" with the address of your wallet. [19659008] Replace "coin_symbol" with SPLB
For example my setup is:
NeoScryptMiner.exe -pool eu1.arcpool.com:1128 -wal ScLBihVT9aN9Yr3AHN6yBWZ94VEgDYvvny -psw c = SPLB
If you are using GPU of large (1 GB) of memory or more per GPU, go to the last part under the problems section, even if the mining software seems to work)
Double-click on the batch file to run the miner, and you should see something like this
The first picture shows that the miner should collect all the GPUs in your system (The 3 Vega GPUs in my example)
Note that these two images have been taken from my Coin Vivo Coin VIVO: Complete Guide for Beginners
The red arrow indicates the speed of the GPU and total speed.
The blue arrow indicates the GPU temperatures and the fan speed.
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 many refused shares, try reducing the miner's intensity, if available.
How much SPLB 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 SPLB calculator is located at https://whattomine.com/coins/252-splb-neoscrypt. 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 are already entered correctly and you only have to change some values.
hash speed : 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 the SPLB extraction.
Power: Enter the total amount of energy (in watts) that your drilling rig uses. 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 the SPLB extraction.
Cost: Enter the cost per kilowatt hour you pay to 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, if you are mining on Nvidia, enter 0.5 + 0 = 0.5 If you are mining on AMD, enter 0.5 + 2 = 2.5
Hardware cost: Enter the total cost of all of your hardware.
Using my AMD Vega system for an example, I'll show you how to read the data. In the image above there are really 3 things I'm looking for.
# 1 Watch 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 Watch 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 USD value we will make in certain periods of time. 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 limited-funded currency could be really profitable one day, so it could have half the payment tomorrow.
Here it is. Now you should do Simplebank mining! Be sure to type your public key in the mining pool control panel to keep track of your statistics.
