How to mine Digibyte

in #digibyte7 years ago

In light of the recent Bitcoin cash fork, the market has shown a sign of relief and green 24 hour changes is everywhere today. So I thought I would share how to mine some Digibyte on your PC!

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First of most common question has already been answered over at the Digibyte sub-reddit, if you have any difficulties check out older mining post there.

If you wondering how your card should perform, check out the spreadsheet here.
This basically is a lot of awesome information from the Digibyte mining community to help others.

This guide is intended for people with a PC with a powerful GPU(s). Therefore, people with integrated graphic should not expect any profitable results, and the links and recommendations is targeted people on Windows. If you are running Linux or Mac be sure search elsewhere or request a guide for your OS!

If you want to mine some crypto coins, but don't have 6, 10 or 100 graphics cards, don't worry this guide is for you. In this guide you will learn to pick a mining pool and setup your mining software!

How to mine Digibyte


Before we actually begin mining, let's start with picking out a mining pool. A mining pool is people mining together to increase the chances of finding a block and make mining rewards more predictable. When it comes to mining a lot of it depends on luck and hashrate. If you solo mined with a single GPU, the chances of you finding a block is very slim. Therefor joining a mining pool will make your rewards more consistent.
Furthermore Digibyte is a very unique currencies, because all the block are split between 5 algorithms. This means you need to pick a algorithm to mine. The profitable algorithm to mine, with GPU's is myriad-groestl and Skein. The most profitable algorithm changes all the time, but myriad-groestl is the most profitable to me as of writing this.
To calculate the algo's profitability you can use the Skein calculatorand myriad-groestl calculator when you have your respective hashrates.
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When it comes to picking a mining pool there are a few things to consider:

  • Pool fee - a percentages of your mining rewards the pool keeps
  • Mining pool reward type - Pools calculate the amount of Digibyte you earned differently. Most pools uses a proportional system, but to be sure and learn more about the different types you can check out the mining Pool Reward Types
  • Pools hashrate - the pools hashrate does not affect your earning over a long period, but pools with low hashrate will take longer to find a block, and thus making mining more unpredictable.
  • Location - Mining on a mining pool close to you might give you better results. Location does not matter that much, but it's worth considering.

Picking a mining pool is not final, you can always test out a pool to see if you have better results on a specific one. Furthermore, some mining pools have fancy dashboard with monitoring tools that can be very helpful. Some pools offer services that let's you know if one of your mining rigs is not mining.

Two of my personal recommendations is

These both offers multiple mining algorithms and both myriad-groestl and Skein for Digibyte. Feel free to do your own research and find the mining pool that is best suited for you!

When you found a suitable mining pool, you might have to register to the pool and setup a worker, the worker name will be important for later! Also be sure to read the specific setup information on your respective mining pool. This guide is meant for general mining!

In this example I have registered at The Block Factory.
To add your worker, hover over my account and click my workers.
Next add in a name and password(this does not matter that much) and click add worker.
Remember the worker name for later!
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We are almost ready to start mining but before we start mining we need a wallet to hold our coins once we decide to collect our mining reward from the pool. When it comes to wallets you have a few options.
As you might already know a lot of different apps, desktop programs gives you the option to store multiple coins in one nice program. BUT these types of app/programs is not always secure.
The best way of storing Digibyte securely is the Digibyte Core. Here you can find one for your OS as well as some other options. If you prefer to have your coins in and app the Coinomi app is an "okay" option.

If you downloaded the Digibyte Core, the wallet will start downloading the blockchain. This might take several hours, but you might be able to speed the process up by disabling your windows firewall while the blockchain is downloading. (I don't recommend disabling your firewall completly, be sure to add the Digibyte core wallet to exceptions in the firewall first)

Once your wallet is setup, you can make a receive address, you can make your address in files, and receiving addresses.
Now copy the address and navigate back to your mining pool. In your account options/details you should be able to find "Payment Address", paste your address in here and click save/update.

Now to secure your wallet you should "encrypt" your wallet with a very secure password only you control!
Next up you should backup your wallet. Backing up your wallet let you save a .dat file, I recommend to save it on a USB stick so in case of your computer/hard-drive dies you can access your wallet anyway.

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Now let's get up and running. But first we need some mining software!
Before you download any kind of miner, you need to identify your GPU. Depending on your GPU you will either want CCminer for Nvidia GPU's or SGminer for AMD GPU's

Nvidia

For Nvidia graphics cards you want CCminer, which has a few different mods. Personal I use SP-hash version which you can find and download here once you have download the miner and extracted the files, you need to setup a .bat file that tells the program what to mine and where.

A bat file looks something like this:

ccminer.exe --algo=myr-gr -o stratum+tcp://stratum.dgb-groestl.theblocksfactory.com:9003 -u username.worker -p x
Let's break it down so you can write your own!

  • ccminer.exe is referring to the miner, it's the bat file way of starting the program
  • --algo=myr-gr this weird looking thing is basically telling the miner that the algorithm to use is Myriad-Groestl.
  • ** -o stratum+tcp://stratum.dgb-groestl.theblocksfactory.com:9003** The o is where the miner should get work from, in this case from the mining pool.
  • -u username.worker is your username on the pools website and the worker we created earlier name.
  • -p x is the password, but often time it does not have to be correct.

To give an example let's say I want to mine on the previously mentioned pool and my username is potato, and I made a worker called timberland my bat file would look something like this:

ccminer.exe --algo=myr-gr -o stratum+tcp://stratum.dgb-groestl.theblocksfactory.com:9003 -u potato.timberland -p x

the "." is important between the username and worker name.

Now we need to make the bat file and save it in the same folder as our miner we extracted earlier. To do this, open notepad and paste the content inside.

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Now go to files, save as and navigate to the folder with the mining software inside.
then give it a name with ".bat" afterwards e.g. start.bat or startmining.bat
before saving, select the "all files" tap underneath the naming bar and change the file type from text document to all file types.
This will allow your bat file to be saved as a bat file.

Unavngivet2.jpg

AMD

For AMD GPU's the process is pretty much the same, but we will need to use a different miner. for AMD we will need sgminer, you can download the lastest version here.
Once you have extracted the miner, we need to make the bat file. But this time it is a bit different.

sgminer.exe -k myriadcoin-groestl -o stratum.dgb-groestl.theblocksfactory.com:9003 -u Username.worker -p xXx -I 20

as you can see at the start the bat file is obviously starting the sgminer, but this time the algorithm is chosen by -k
Once you have copied the content in notepad and modified it to your liking, save it just as before. First navigate to the folder you extracted the miner, next name it something .bat e.g. start.bat, next select file type and select all files and save the file.

Now all you have to do is start the miner with your bat file.
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hopefully your miner will start, and you will have a window like this. This is the mining terminal where the miners outputs information, when you close the window the miner will stop. Once the mining program has been running for 5 minutes or so you should be able to see your mining on the mining pool!

if your terminal window closes immediately it's a sign of something is wrong in your bat file. You can always edit your files by right clicking on it and select edit. If you can't see to find the error, try starting all over, this might help sometimes when you can't spot the little error.

I hope you found this guide helpful, if so be sure to leave an upvote and/or resteem!
Thanks for reading, if you found this interesting be sure to follow me @wessel

If you feel the need to donate you can send me a Digibyte!
Digibyte: DE7SfGCQfYaY8pd2Nw9FaA2ohrCwhpjhMX

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Nice article. Interesting to see I'm not the only one that is thinking about this. The biggest group of uneducated investors in mankind has to define the trustworthyness and price of a crypto. It's an interesting world we live in. An interesting website I found: https://www.coincheckup.com. For a complete crypto analysis on every single tradable crypto out there.

Amazing post @wessel have a happy journey here
i just upvoted your post and following you.i hope you will follow me back

nice post! i upvoted you!

for all steemians on this post......... follow me and i follow you bros! :D
Follow Me : https://steemit.com/@cryptonews24

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