How to Mine Worktips [WTIP]

guidedcrypto (44)in #worktips • 6 years ago

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Updated Guide for CryptoNightLite V1

Supply & Emission

coin name : worktips
ticker : WTIP
algorithm : CryptoNightLite V1
coin Type : POW
max. supply : 184,467,440,735.0
difficulty target : 120
RPC port : 18238
P2P port : 17239
genesis : March, 2018

What is Worktips

Worktips is an ASIC resistant cryptocurrency designed for tipping. Fast transactions, privacy, high supply & high block reward make this coin well suited for mining and perfect for rewarding your workers, co-workers, and colleagues.

anonymous payments
Implemented ring signature technology allows the signing of a message on behalf of a group.
This proves the message was created by the group where all the possible signers are indistinguishable.

unlinkable transactions
A variation of the Diffie-Hellman exchange protocol gives the receiver multiple unique one-time addresses
derived from his single public key. Funds are only redeemed by the receiver and impossible to cross-link.

egalitarian POW
CryptoNote technology brings the voting equality through egalitarian proof of work that utilizes the built-in
CPU instructions and which makes it perfectly suited for coin mining using an every day ordinary home computer.

adaptive parameters
CryptoNote has no hard-coded constants; magic numbers in the code are designed to be re-calculated
based on the previous state of the network, thus adaptive and dynamic.

double-spending proof
Every signature contains a fingerprint key image of the secret key. This implies that given only the key
image it is impossible to restore the corresponding secret key.

blockchain analysis resistance
Non-repeating one-time addresses and mixed keys in ring signatures make the whole blockchain resistant to analysis.
Obstacles for analysts grow with transactions.

How to Mine Worktips

Step 1

Download the Worktips Windows Miner We'll use XMR-STAK for both easy CPU and GPU mining.
https://github.com/fireice-uk/xmr-stak/releases

Step 2

Download your lite wallet
https://github.com/worktips/worktips-lite-wallet/releases/download/v1.0.2/worktips-lite-v1.0.2-1-windows.zip

Step 3

Run Wallet & Write down your mnemonic seed and take note of your wallets address you'll need it later.

Step 4

Pick your mining pool.
we'll use: http://wtippool.worktips.info/ currently has about 98% of network's hashrate. You can pick a pool with a higher or lower hashrate if you like.

More info about server ports and which one you should pick can be found here
http://wtippool.worktips.info/#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.

Press the number 0 and hit enter

XMR-STAK will tell you to Please enter the currency that you want to mine
Type cryptonight_lite_v7 and hit enter

Next it will ask you for your Pool URL input:
199.247.21.36:3333 (or whatever port for your hardware) and hit enter

Next it will ask you for Your Wallet address:
WtippKLmiec7oqm5Ekh6jcZp1NkdojUnQ7q6H5PEoJGAcwGuMbSi6FgBwBjpSVUVq3emRqKPVjrmgdbVYgRAiv3j8MhrLVmvhR

Example Donation Mining Wallet above Input Your wallet address and hit enter double check it!! Input Your wallet address.

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

Rig identifier
Leave empty 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://wtippool.worktips.info/#
You can also estimate mining rewards based on your hashrate.

Our donation addresses thank you for your donations!

WTIP
WtippKLmiec7oqm5Ekh6jcZp1NkdojUnQ7q6H5PEoJGAcwGuMbSi6FgBwBjpSVUVq3emRqKPVjrmgdbVYgRAiv3j8MhrLVmvhR

XMR
47bdtvbXDR6CYAXekyKVpcJhcNPHjcXk8J1jHX8XnA1oEJkMm7bdvfyGdvkRouaBEmTzfFUuuwHmUJAPLEd76iRJH9cPAUo

BTC Address
3LYfwz8TVfsSSH4CwrxryfzqEdnh2W4Hw4

LTC Address
LQ8uXEeRR38T2YTFgNrcqB8SxdB8a5y1iQ

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#wtip #mining #guidedcrypto #howto

6 years ago in #worktips by guidedcrypto (44)

Sort:

mrosenquist (69) 6 years ago

Been mining for a couple of days. The return has been pretty good so far. It is a new coin, so there are significant risks.

$0.06

2 votes

[-]

guidedcrypto (44) 6 years ago

Great coin to mine , if the volume stayed really high that would be amazing

$0.00

[-]

ultimus (58) 6 years ago

It is crazy how many coins are being mined, although the value is just a fraction of a cent.
Looks like it is getting some attention from miners, with the network hash rate climbing. Luck.

$0.00

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