SmartCash guide for CPU mining
Hello fellow smarties and steemians. In these post I would like answer the following question about SmartCash CPU mining;
- It possible to mine SmartCash o CPU?
- What would I need to mine with CPU?
- Is it profitable to mine SmartCash with CPU?
"It possible to mine SmartCash o CPU?"
The answer is YES, you can mine SmartCash on you're CPU.
"What would I need to mine with CPU?"
All you need to do is to have a working computer with good CPU and download multi cpuminer by tpruvot for keccak algo. You can find it here: https://github.com/tpruvot/cpuminer-multi/releases/download/v1.3-multi/cpuminer-multi-rel1.3.zip10
or
https://mega.nz/#!Y2Iy1AaJ!DeZlj_1iYGQm1E82YXzxd7YSGulGfAnGPTIVfi4fPQ4
And add the following config file "cpuminer-x64 -a keccak -o stratum+tcp://pool-us.smartcash.cc:3333 -u username.worker -p pass"
Change "pool-us.smartcash.cc:3333" into your pool address, "username" into your pool username and "worker" into your pool worker name.
"Is it profitable to mine SmartCash with CPU"
NO, unlike GPU, CPU is too slow to find any share. I tried and test it with my intel core i5 using only 2 threads. See diagram below.
Therefore, if you really want to mine SmartCash, buy some good GPU, start mining and come...
...or better to buy at least 1000 SMART and hodl to receive SmartRewards
Where to buy SmartCash?
Website:
https://smartcash.cc/
Official Wallet :
https://smartcash.cc/wallets/
SmartRewards Guide :
https://forum.smartcash.cc/t/smartrewards-guide/125
Exchange :
Currently on: stocks.exchange, Cryptopia HitBTC & CoinExchange.io
Mining Pool :
http://pool.smartcash.cc/
Mining Guide :
https://steemit.com/smartcash/@hockleyj/smartcash-mining-on-pool-a-visual-guide-on-how-to-set-it-up
Slack Channel:
https://smartcashinvite.herokuapp.com/
Slack Sign in:
https://smartcash.slack.com/
@smartbot tip @cloudspyder 50
Σ$$$ Tipped @cloudspyder
Σ50 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.061 USDperSMART. Current value of the tip is$3.05 USD. To find out more about SmartCash, please visit https://smartcash.cc.@smartbot withdraw SQJ7ohnxyCAMCSKFjxkghakKVib1rWUWDK
@cloudspyder:
Σ49.99 SMARThas been withdrawn from your account toSQJ7ohnxyCAMCSKFjxkghakKVib1rWUWDK. You have been chargedΣ0.01 SMARTwithdrawal fee. Transaction5b19e2879e09cd3ee6e14c25291444d08f0b72683df36fc3a35e46fd6d85ea3fis now completed. To monitor the transaction status click HERE.I tried doing mining on one laptop and it worked.. i did the same process for a desktop PC also with GTX gpu, but it failed.. keep getting the error "Most Likely you have input the wrong URL, forgotten to add a port, or have not setup worker......."
I did the same steps as the laptop.. just dont know why worked for one, and failed the other.
the laptop mined around 1.7 SmartCash so far
Nice post man ;)
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Frustrated with your results. I was hoping it would be like cryptonight where cpu is still somewhat useful. I have no access to gpus but trying to save enough so that I can mine smartcash.
You can mine Bytecoin or Karbowanec to buy SmartCash. Difficulty is low and cryptonight algo.
I am doing that on minergate. Currently 20 BCN a day. With all the fees from minergate and hitbtc, it takes about 4 days to earn 1 smartcash. But I can't trade until I earn enough to buy 100 smartcash. That would take more than a year to do at the current rate. Not to mention I got a bigger electricity bill coming in this month :( I will look into Karbowanec. It just seems not ideal to mine smartcash at all.
You might as well write a post about SMART here on Steemit and somebody will tip you SMART with the @smartbot
yes I have done a couple. That is what got me interested in it in the first place. I wanted to do a mining article but after hearing how others do it on their discord channel I feel ashamed to even post about mining. Thanks.
Yeah mining is becoming increasingly harder to do and also increasingly terrible for the environment, so I'm hoping that people switch to Proof of Stake soon like STEEM and lots of other great cryptos.
I though Steem still needed people to run their computers to create the blockchain. Authoring and curating posts, no? But yes they would use less electricity than proof of work. Yet there is resources in this world for crypto and I think both stake and work can combine together to generate more interesting in mining crypto. The stage is set for crypto to rise, and if in fact one is better than the other process so be it. I have no quam with either of them. Personally I would do both at the same time if I could because that way I could earn more. I think many feel the same way ;)
Steem is Delegated Proof of Stake and is kinda of a mix between POS and POW. Not the best explanation but the way it seems to me is that the average user is allowed to Stake (Steem POWER) and then people can, if they want to, be a witness and essentailly MINE with their computers and servers. You can be a Steemian and a Witness but it's a lot harder to be a witness.
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This post was promoted with @monitorcap traffic bot & STEEM promotion service.
Send MIN. $1 SBD to @monitorcap bot with your link in MEMO field
and recieve upvotes & resteems for your posts. @monitorcap - where 'seen' matters !