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Topic: help to mine this coin (Read 327 times)

member
Activity: 560
Merit: 28
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February 04, 2020, 09:12:47 AM
#7
hi i wish to mine this ciptocurrency https://bitcoinvault.global/, i wish to do solomining with cpu it is possible?
Sorry friend you can't mine this coin because of its algorithm which is the same with bitcoin (sha256), you will need a mining rig like Asic miner to be able to get some coins in your wallet in no time but if CPU is all you got then go for other coins like XMR (Monero)
legendary
Activity: 1470
Merit: 1114
February 03, 2020, 12:50:29 AM
#6
Just to expand on the other good advice.

There is solo mining using the wallet's built in miner (wallet mining) which is CPU only
(usually un-optimized).Then there is solo mining using an external miner which could
be a CPU (often optimized), GPU (more optimized), or FPGA or ASIC miner (extremely optimized).

Wallet mining is a waste of time and electricity with any coin.

Solo mining is very dependent on the algo and mining device.
Algos like sha256d, scrypt, X11, and many others require an ASIC for viable
mining. Some other algos can do well with a GPU when an ASIC or FPGA isn't available,
while others are better with a CPU.

Solo mining requires much more hashpower than pool mining because pool mining combines all
the hash of the individual miners, and divides the rewards.

If you want to solo mine with a CPU you need to find the right coin. There are several threads
discussing which coins are CPU minable.
jr. member
Activity: 236
Merit: 1
February 02, 2020, 07:14:48 AM
#5
If you are thinking about mining a coin with CPU then consider mining RandomX coins such as monero with xmr-stak-rx(free miner).
legendary
Activity: 2058
Merit: 1030
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January 07, 2020, 12:46:25 PM
#4
How did you find this coin?

The link or website that you shared above looks like just created last month.

How about the algo of this coin?

I thought it's a BitcoinV but it's not. I can't even find any details about this coin related to algo or any details that will tell us that this is a coin. I tried to search and check their explorer no unconfirmed transactions it seems that this coin is pretty new and under develop not release yet.

If the algo of this coin is not sha256 you can mine this coin with CPU but I can't find any details that you can mine this coin.
member
Activity: 140
Merit: 10
January 06, 2020, 05:11:26 PM
#3
no it is not possible
the coin uses sha256 just like btc which is long gone from the hands of general purpose hardware
asic is the way to go

it is possible, just it not make any sense...
full member
Activity: 585
Merit: 110
January 05, 2020, 08:02:15 AM
#2
no it is not possible
the coin uses sha256 just like btc which is long gone from the hands of general purpose hardware
asic is the way to go
newbie
Activity: 5
Merit: 0
January 04, 2020, 10:02:37 PM
#1
hi i wish to mine this ciptocurrency https://bitcoinvault.global/, i wish to do solomining with cpu it is possible?
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