Proof-of-Stake (PoS) is another protocol by which a cryptocurrency blockchain network aims to achieve distributed consensus. PoS uses a participant’s coin balance instead of computational power as the key driver for validating transactions. Using a pool will allow you to receive consistent payouts, multiple times per day. So before we start this tutorial, 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 mining software will get flagged as a virus from virus scanners.
Our Trezarcoin mining calculator can provide an estimate of the profit you can expect to make, based on up-to-date data. Use it to determine whether investing in Trezarcoin mining equipment is right for you. To start mining with your consumer grade GPU you’ll need a miner program first. The grey penrose triangle icon on the bottom right of your wallet is your staking status. The time before this happens is related to your configuration file (the minimum is 24 hours). Make sure to type in your public key into the mining pool’s dashboard, to keep track of your statistics.
You want to look at the Profit column, since this is the value after paying for your electricity usage. By just focusing on this number, 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 half the payout tomorrow.
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If you alter/consume the inputs (e.g., send a payment), any input included in the transaction will have its time reset to 0. So it may be beneficial for you to have a regular wallet and a PoS wallet. You can follow the Local Wallet + PoS Headless Wallet on VPS guide as an example for setting up such a wallet. We will use altminer.net as example mining pool in this guide but feel free to use any pool you’re comfortable with. ASIC miners are devices specifically designed for cryptocurrency mining. In this image, we can quickly see how many coins and USD value we will make in certain time frames.
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The time before your inputs start to stake is related to yourconfiguration file (the minimum is 24 hours). Once an input reaches this “age”, your wallet will begin to use it forstaking. The more time that passes, the more your inputs weigh; increasing your staking chances. As usual to get started with mining you’ll need 3 things. A wallet address which we hope you’ve one, A Miner program and a pool to join.
Miner setup
What I like to do, is I make one folder and then put all of my mining software in sub folders. I then exclude the top level folder from the antivirus and that excludes all the mining software. This will allow you to see errors if it quits instead of having the command window immediately disappear.
Still with high end CPU you cannot match the GPU speed so you will always end up paying for your electricity bills mining nothing. 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 trezarcoin mining pool I look for.
- At the bottom right corner of your wallet you’ll see an icon next to network that turns from grey to orange which means your wallet is staking.
- The grey penrose triangle icon on the bottom right of your wallet is your staking status.
- Trezarcoin core wallet is available for Windows, Mac as well as Linux and the download link can be found on their website.
- If shares are refused and/or your hashrate is lower than expected, you should check your software configuration and your CPU/GPU settings and temperatures.
- There are several mining pools available for Trezarcoin however for this guide we’ll use unimining.net as an example.
Most of the values are already correctly entered, and you only need to edit a few values. If you see a lot of stale shares, you may want to try a server that is closer to you. If you see a lot of rejected shares, try to lower the intensity of the miner if available. We will not focus on CPU mining since it is not profitable, compared to GPU mining.