Elicoin - CPU mining friendly new coin (step-by step guide to begin mining!)

jonrhythmic (52)in #elicoin • 7 years ago (edited)

I just recently found a new coin that's launching these days based around something called Elysium Network.

Elysium Network is a framework that powers the world's first 3D web. It allows creation of 3D properties(websites) that are built on blockchain by default. No hosting, no server-side programming, just a powerful framework that opens up the internet. The power of this webspace lies in the ability of users to interact with objects within the property(website). For instance, a person shopping for shoes in an online store can actually see the shoes as if in real life and learn a whole lot more.

Start by downloading a Elicoin wallet from the official Github source. Install the wallet on your harddrive and let the wallet finish synchronizing. Then press the Receive-tab and create an addresse by filling in the optional Label, Amount and Message and press Request payment.

To download the miner choose either the GUI miner version or console version, download and install the program to any folder you like. Be aware that you might have to deactivate your firewall and turn your antivirus off while downloading the miner to avoid the virus warnings or getting the miner program removed automatically.

Elicoin GUI miner

If you downloaded the GUI version; copy the addresse you created earlier into the wallet-field and press Start mining.

Elicoin GUI miner

Elicoin console miner

To set up a console miner navigate to the folder where you installed the program and create a textfile. Add the following line of code into the textfile:

cpuminer-sse2.exe -a yescryptr16 -o stratum+tcp://pool.elicoin.net:3333 -u [YOUR WALLET ADDRESS]

Rememeber to replace [YOUR WALLET ADDRESS] with the address you created in you personal wallet and save the textfile as .bat- or .cmd-file, leaving you with an executable program to start the console miner in the folder.

You can also edit the pool setting by changing the any one of the supported list of pools which can be found here.

To begin mining simply click the newly created program and wait for the program to connect to the mining pool.