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SUQA is a new currency that aims to bring mass adoption to the blockchain by rewarding users for the possession of the currency, with a percentage of APR. Use your X22i algorithm. which is similar to the x16R algorithm. It uses 22 algorithms instead of 16 and has less fluctuations in energy consumption. The coin was designed to be an ASIC-resistant cryptocurrency. ASICs are specialized hardware that can extract a specific algorithm faster than the GPU extraction and are also much more efficient. The main argument against ASIC is that it creates a decentralized mining experience, since ASICs are more expensive and more difficult to obtain than a GPU or CPU.
Now that we know the details of SUQA, let's start digging some SUQA!
Some general tips for mining
So, before starting this tutorial, I have two suggestions 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.
Mineral 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 http://yiimp.eu/. They cost 2%
Now that we have a pool, let's start the extraction!
CPU extraction
We will not focus on CPU mining as it is not profitable, compared to GPU extraction.
GPU Mining: Nvidia
For nvidia we can use T-REX min https://github.com/trexminer/T-Rex/releases
The miner T-REX has a development fee of 1%
Once downloaded, it's really simple to use.
Just create a new batch file (or a script file if you use Linux) inside the folder where the miner is located and paste it into the batch file
t-rex -a x22i -o stratum + tcp: //mining_pool: port -u wallet_public_key -p SUQA
Replace "mining_pool" with yiimp.eu
Replace "port" with 3223
Replace "wallet_public_key" with the address of your wallet.
For example I'm using:
t-rex -a x22i -o layer + tcp: //yiimp.eu: 3223 -u SSzh3h5y53jYREMP5curgaXVAJ6owF5bMX -p SUQA
Double-click on the batch file to run the miner and you should see something similar
The console will show you the GPU you use (in yellow) as well as the blocks to which your miner is contributing (in blue)
GPU Mining – AMD
For AMD we can use https://github.com/zjazz/zjazz_amd_miner/releases
Zjazz has a 2% development fee
Once downloaded, it's really simple to use.
Just create a new batch file (or a script file if you use Linux) inside the folder where the miner is located and paste it into the batch file
zjazz_amd.exe -a x22i -o stratum + tcp: //mining_pool: port -u wallet_public_key -p c = SUQA
Replace "mining_pool" with yiimp.eu
Replace "port" with 3223
Replace "wallet_public_key" with the address of your wallet.
For example I'm using
zjazz_amd.exe -a x22i -o stratum + tcp: //yiimp.eu:3223 -u SSzh3h5y53jYREMP5curgaXVAJ6owF5bMX -p SUQA
Double-click on the batch file to run the miner and you should see something similar
The console will then display the GPUs and their speed (in white) and the number of shares you have sent (in green)
If there are problems it 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.
Solving general problems
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 will I earn SUQA a day?
To understand this, go to https://whattomine.com/coins/277-suqa-x22i and use the calculator. The calculator provides a rough 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 rateEnter your total speed (in megascosto per second) for all your mining computers. This would be the value of "total speed" in your data mining software. Be sure to add all the computers you use for SUQA mining.
Power: Enter the total amount of power (in watts) used by your rig. 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 SUQA mining.
Cost of electricity: Enter the cost per kilowatt hour you pay to the power 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.
Hardware cost: Enter the total cost of all 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 Look at the Difficulty 24 hours and the 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 Look at the FORMER. 24 hours volume and the 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, the market capitalization is small, so the price may change a little from day to day.
# 3 Look at the Create 1 BTC in and the 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 before you see the profits.
In this image, we can quickly see how many coins and value in USD 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 low capitalization coin could be really profitable one day, so it could have half the payment tomorrow.
That's all. Now you should extract SUQA! Be sure to type your public key in the mining pool control panel to keep track of your statistics.
