How to mine Alloy [XAO Coin] [ CPU and GPU mineable coin]

in #crypto6 years ago (edited)

Screenshot (3).png

Alloy links : https://alloy.cash
https://bitcointalk.org/index.php?topic=2676887.0
Mining profitability calculator: https://www.cryptunit.com/

What is Alloy?

A private, fast and efficient Cryptocurrency based on CryptoNote.

Secure
Each transaction is secured with robust cryptography and distributed through a global peer-to-peer consensus network.

Private
Alloy utilizes a cryptographic system to transfer funds without exposing any information of any user on the blockchain.

Untraceable
Alloy uses ring signatures to make transactions untraceable, meaning it is very difficult for blockchain analysis to determine if funds have been spent.

Limited Supply
No more than, 84 million Alloy will ever exist.

Fast syncing
Alloy's block time is over x3 faster than Bitcoin, and uses the CryptoNight mining algorithm.

ASIC Resistant
Alloy uses the CryptoNight algorithm which is ASIC resistant and, is minable on CPU and GPU hardware.

Low Fees
Alloy allows anyone to transfer money with nearly zero fees...


Step 1
Download the Alloy Windows Miner We'll use XMR-STAK for both easy CPU and GPU mining.

Windows Binaries : https://github.com/fireice-uk/xmr-stak/releases

Step 2
Download your wallet.
https://github.com/alloy-project/alloy/releases (command line only currently)

Step 3
Write down your restore seed + password and take note of your wallets address you'll need it later.

Step 4
Pick your mining pool.
Complete pool list: http://alloyexplorer.com/#pools
we'll use: http://alloy.cryptonight.me/ currently has about 10% of network's hash rate. You can pick a higher hash pool if you like.
More info about server ports and which one you should pick can be found here:
http://alloy.cryptonight.me/#getting_started
select the port that matches your hardware.

Step 5
Now that you have your miner software , your wallets address and you have picked your mining pool & port. Lets put it all together and setup your miner.

Unzip XMR-STAK and then run as admin (right click select run as admin) xmr-stak.exe.

XMR-STAK will ask if monero or aeon
Type monero and hit enter

Next it will ask you for your Pool URL input:
us.alloy.cryptonight.me:3333 (or whatever pool you picked and port for your hardware) and hit enter

Next it will ask you for you Wallet address:
Input your wallet address and hit enter double check it!!

it will ask you for a password some pools allow worker ID's you can put one here:
example: MYRIG and hit enter

everything else it ask just type "N" for no and hit enter.

Step 6
Your miner should configure itself and start running.
You can check your mining stats by inputting your wallets address on the main page of your pool: http://alloy.cryptonight.me/
You can also estimate mining rewards based on your hash.

Pool Fee : 0.5%
Pools Minimum payout
1.0 XAO
Default minimum payout (wallet)
1.0 XAO
Default minimum payout (payment id)
1.0 XAO

Be sure to give me a follow. I will be doing more mining guides soon thank you .
donations (Alloy) address
A5tBTtbcaivjPzsv8TxxV7enBQVF6RnZWijTSphQMFXEGAmN2i2rwDmfnYAoefjVCDTYovshJwsSQM1aNZkTSrGP9ZXfmHP

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