Electroneum: How to make a wallet and how to mine it.

in #electroneum7 years ago (edited)

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Introduction

Electroneum is relatively new, and I have mined 48 Electroneum so far. I did that in a few hours of mining. With the latest Bitcoin the price of Electroneum soared. I will hold it until it is worth even more, but you could do the same!

Electroneum is based on Cryptonote, so that means you do not have to compete against ASICs or multiple GPU setups, so mining is actually profitable! And here is how you can start mining.

Wallet

First I am going to assume you have no wallet, you can make one here. It is the official Electroneum website, just select the browser version(on the right of the page) and follow the instructions(crystal clear). You should now have a downloaded pdf with your paper wallet in it. The "Public Wallet" is the wallet address you want people to send funds too, or use as wallet address in a miner.

Miner

Next you will need a miner, I would recommend the XMR CPU miner. This miner is easy to configure. Just open the config.txt and edit the following lines:

"pool_address" : "best.pool:3333",
"wallet_address" : "wallet adress here",
"pool_password" : "password here",

Most of the pools will either have no password or an 'x'. It will say so on there website.

Here is a list of pool:
Hashparty,EUpool,Ucrypto,Electroneumcharts,ETNhash,Easyhash,uax,Dark-mine.

All pools have an option to show current hashrate and what you are earning + payout minimum. A little note: the sites can be a little off about your real speed, you can check the hashspeed in the miner by pressing 'h'.

This miner can be used for all cryptonote coins, as listed here.

Optional advanced miner setting

You can increase the effectiveness of you miner by replacing the

"cpu_threads_conf" :
[
{ "low_power_mode" : false, "no_prefetch" : true, "affine_to_cpu" : false },
{ "low_power_mode" : false, "no_prefetch" : true, "affine_to_cpu" : false },
{ "low_power_mode" : false, "no_prefetch" : true, "affine_to_cpu" : false },
{ "low_power_mode" : false, "no_prefetch" : true, "affine_to_cpu" : false },
],

in your config.txt with

"cpu_threads_conf" :
null,

and start the miner. It will now show the recommend setup(bear in mind this is not the optional, you can tinker a bit with these theads).

Happy mining!

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Some of the listed pools seem to be either offline or misconfigured.

You are completely right! I didn't check all the pools whether they connected. It also seems some pools went offline since I made my personal pool list. I removed the non resolving and the pools that had no miners connected. Cheers.