Crypto mining has turned out to be one of the best ways of making profits from cryptocurrencies, besides investing and trading them. If the lucrative world of mining has attracted you as well and if you are planning to mine some cryptocurrencies this year, this guide about mining the titan coin (TTN) will certainly be of help to you.
Like any other standard cryptocurrency mining process, the mining of titan coins involves solving complex mathematical equations in order to verify transactions and creating new blocks to add to the chain in order to get rewarded. The difference is that the titan coin blockchain uses the X21s algorithm for mining, which is a more efficient, faster, and low-cost mining technique.
As many potential and existing miners have been asking questions related to TTN mining, we decided to prepare this guide explaining the entire process along with related things you need to know before starting with titan coin mining.
This article covers -
What is Titan Coin?
How to mine Titan Coin
What is the X21s algorithm?
Conclusion
What is Titan Coin?
Titan Coin or TTN is a payment-centric cryptocurrency that allows fast (nearly instant) and highly secure, peer-to-peer payments to anyone in the world. Basically, you can send the titan coin to anyone with a crypto wallet address. The transfer fee is minimal and the process takes just about a few seconds. However, the best part is, of course, the blockchain technology that allows payments to be processed in a peer-to-peer (middleman-free) and discreet/private manner without requiring the permission of any centralized authorities like a bank.
Titan coin as the native coin of the TitanProjects ecosystem will power all the existing and future apps of the platform.
How to mine Titan Coin
The process to mine the Titan coin is quite simple, which you can do even with your consumer-grade hardware or GPU. The titan coin mining uses the new revolutionary X21s mining technology, which makes the process more efficient and affordable by reducing energy consumption. Here’s how the mining of TTN works.
1. Select from the mining pools to start mining titan coin (https://poolexplorer.com/coin/7835)
2. You can make your selection based on the pool activity, no. of workers, block rate, hash rate, mining history, etc.
3. Register with the pool you like.
4. Go to the titan coin mining page and start mining.
As I said, the mining of titan coins works more or less like any other cryptocurrency. So, if you have already mined a cryptocurrency before, you should not face any problem here.
What is the X21s algorithm?
When mining the titan coin, it will help to know about the X21s algorithm and how it works.
X21s is an anti-ASIC algorithm that allows mining of cryptocurrencies like TTN with GPU. The algorithm was created by combining the functions from X16s and X22i algorithms, which make it more efficient, secure, and cost-effective. The algorithm enables crypto mining with less electricity consumption. Also, the heat generation is relatively less, which further boosts the profitability of miners. The lyra2 function prevents the parallelization of transactions.
The X21s mining algorithm of TTN also ensures fair rate distribution, thus allowing miners to get rewarded fairly for their efforts.
Conclusion
Titan coin mining is comparatively easier and much more profitable than most other cryptocurrencies out there. Since the traffic and competition are low now, you can start with a limited investment. The block reward for each new titan block is 30 TTN.