Mining KOIN

11 days ago
(edited)
2 Min Read
428 Words

Well I decided to join in with @cadawg and mine some KOIN.


I stole this picture from @edicted, but he gave me permission so its cool

The screenshot is from the GUI miner. I didn't go that route. I went with the CLI miner route because I didn't want to run it on my computer but instead on a server. For this, I'm using a Hetzner dedicated server with a AMD Ryzen 5 3600 6-Core Processor. 4 of those cores are on the VM dedicated to mining.

First thing I had to do was import setup the server.

Update it:

sudo apt-get update
sudo apt-get upgrade

Install nodejs and npm

sudo apt-get install npm

Update nodejs to latest

sudo npm i -g n
sudo n latest

Restart my connection to use latest version of nodejs.

Install git
sudo apt-get install git

Clone the project
git clone https://github.com/open-orchard/koinos-miner

Move into the project folder
cd koinos-miner

Install dependencies:
sudo apt-get install git cmake build-essential libssl-dev
npm i

Import in the key:

npm start -- -a ETHPUBKEY --import

Follow the steps and save it to a file named key.key. You'll need to provide the private key to a wallet that you have funded with ETH in order to pay the fees.

Open a screen
screen -S SCREENNAMEHERE

Start it up:
npm start -- -a YOURETHPUBKEYTORECIEVEAT -e wss://main-rpc.linkpool.io/ws -p 604800 -t 0 -k key.key

The number 604800 is about how often you want to get a proof in seconds. Since eth has a fee to broadcast(I read someone had to pay about $5 to broadcast a proof) I wanted to make it do it once a week. You'll gain about the same amount sAince you'll just be getting harder proofs to solve. The 0 is the dev tip. If you don't want to tip them, leave it at 0.

Follow the steps to encrypt it and then boom. You've done it, you are mining KOINs.

Screen Shot 20201013 at 2.42.13 PM.png

Theres other things going on in this server so the hashrate is lower than it can be. 100% of CPU usage isn't being used because some cores are dedicated towards my hive witness.

Then you'll see a screen with your hashrates. You can disconnect from the screen with Control + A + D and it'll still mine in the background.

I don't know how much these will be worth but hopefully they'll be worth a nice amount. I haven't mined in a long time and this is interesting to do so in a long time.

Posted Using LeoFinance Beta