CandyCoin: The Joy Coin! Mining CandyCoin – How-To

A virtual currency relies on a specific cryptographic hash spil part of the mining process. There are many algorithms ter use, and no two algorithms are compatible. The two most popular are SHA256 and Scrypt, BitCoin and many other cryptocurrencies use SHA256, whereas CandyCoin uses Scrypt which is a newer and more complicated hash algorithm. The main advantage of Scrypt is because of it’s complexity it is te theory more resistant to attacks, however, other than that there are very few other differences.

Ter elementary terms, mining a virtual currency is to be the very first to find a solution to a cryptographic problem. This cryptographic problem self-adjusts to be lighter or more difficult depending on how quickly solutions are being found on the network – this represents an approximation of how much effort is being dedicated to mining. Spil miners leave or more come online, the network difficulty adjusts to attempt and meet a purpose of solving the problem for a set timeframe.

Because some people can afford very powerful mining hardware, they would naturally solve the problem more frequently that those with very low voorstelling mining hardware, thus earning more block prizes. Since those that don’t solve the problem within the allotted timeframe earn nothing, eventually mining becomes unprofitable for lower-performance miners. To work around this problem somewhat, the concept of pooled mining wasgoed devised to permit a large number of low-performance miners to work together spil a single larger miner, and share the profits proportionally.

Ter the early days of CandyCoin, it wasgoed possible to use your pc’s CPU to mine. However, because of the availability of high spectacle movie cards and ASIC miners, it’s generally considered impractical and very inefficient to mine using a CPU now, and not recommended.

Before the widespread availability of dedicated mining hardware, movie card (GPU) mining suggested exponentially higher efficiency and voorstelling overheen CPU mining. Even today, GPU mining is still considered viable for some currencies like CandyCoin.

To mine using your GPU, you will need a supported nVidia or AMD movie card and you will need to run mining software on your pc. Generally it should be pointed out that the laptop will have degraded usability during mining, and depending on your settings, may not even be usable at all.

The latest and most common treatment now to mining is using dedicated hardware to perform the mining operation. There are several advantages to this treatment: because thesis miners use custom-built chips (ASICs, or Application Specific IC’s) they are many times more efficient than GPUs (albeit they still generate significant warmth and consume a large amount of power). ASICs are generally much simpler to configure and operate – because they perform a singular, very repetitive task, there are no complicated configuration parameters involved te their setup spil there is with GPUs. GPUs also require a large and often powerful host pc to operate, but most ASIC miners are able to be managed with only a little, inexpensive low-power embedded rekentuig (typically a Raspberry Pi or a Beaglebone). And ultimately, ter terms of cost vs spectacle, they are significantly cheaper spil well – not to mention the cost savings gained by not needing a separate rekentuig to host the movie cards, spil well spil the typical operating costs (eg tens unit).

Scrypt ASIC miners didn’t arrive on the market until late 2013 and became widely available across 2014. For someone wanting to get began with CandyCoin mining, unless you already have several high-performance movie cards, buying an ASIC miner is very likely the best choice cost-wise. When selecting hardware to purchase, the show of the CandyCoin network vereiste be taken into account. Spil of December 2014 it makes little sense to contribute anything less than 1 MH/s (million hashes vanaf 2nd), albeit even the lowest performing ASIC on the market at the time of this writing is well te excess of that and ASICs performing at 10MH/s or greater are widely available.

Recommended Scrypt Mining Hardware

There is most likely no better ASIC for the beginner than the attempted and true Zeus Blizzard. Several of thesis ASICs have bot powering the CandyCoin network across it’s infancy and have proven to be enormously efficient and reliable. Unlike higher-powered hardware, they are cool and quiet enough to be run on a shelf te an office and their power consumption is very modest. One major selling point for thesis miners is that unlike higher-powered hardware, they include a power supply. Several of thesis can be plugged into your huis pc or connected to a petite controller such spil a Raspberry Pi for a totally self-contained solution.

This performs the same spil three of the Blizzards and is slightly more energy efficient. However, it requires a power supply to be purchased separately, like the Blizzard, the X6 uses a barrel connector for power but spil the miner draws at least 100W you will need a fairly high-end power supply. Unluckily, compatible power supplies are not suggested for sale on the Zeus webstek, but if you dig through mining forums or eBay you’ll very likely be able to find a power supply for sale that meets the requirements.

Albeit enormously noisy, the Hurricane is a very rapid Scrypt ASIC that uses the same chips spil the Blizzards, but just more (64 of them) mining at up to 10MH/s at a respectable 230W. Spil a plus, it uses a standard pc power supply – just be sure that your power supply can produce enough power and has two GPU power connectors.

Albeit the cost may be a bit prohibitive for the beginner, ter the long-term more is always better and this is a excellent solution considering that many people may even have a spare compatible laptop power supply te their homes.

Whether you’re solo-mining or pool-mining, using a CPU, GPU or an ASIC, you will need to run software. Fortunately, there have bot fairly a few software packages written for this purpose. You will find them outlined below:

This guide assumes that you are running a latest version of Windows.

The very first thing you should do is download and install the CandyCoin wallet, if you toevluchthaven’t already.

Next, you will need to download and install the adequate software that supports your GPU or ASIC. You can refer to the above list, note that for ASICs you should go after the advice from the manufacturer or forum users spil to what software is the best choice for your hardware.

You will now need to select a mining pool to participate te. Albeit there are several, wij recommend the official CandyCoin mining pool, located here.

Albeit this step is optional, it is recommended that you create a batch verkeersopstopping for launching your miner. There are many options that can be configured and it’s impractical to type them ter each time. Launch notepad, and inject your miner configuration. Some examples are listed below for cgminer, albeit it’s recommended that you fully understand the implications of setting each option.

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