MINING CRYPTONOTE/CRYPTONITE COINSSo the Van Kush Family, our Cryptocurrency Network and Off-Chain Community that we have Built over Years and Years, is going to Create a CryptoNote at some Point soon. We will also be Creating an ETH Clone. And to do both of these Things, we Feel that we will need Mining Pools.
So First off, I just want Everyone to know that Monero is maybe the most Popular example of these Types of Currencies, and People have been using XMRig to Mine using Chromebook and Android, so XMRig (a Monero Mining software someone invented) seems to be pretty useful and Could be Clone for use with Our Own CryptoNote maybe:
https://www.reddit.com/r/MoneroMining/comments/obsise/mining_on_a_chromebook/https://xmrig.com/Now, in Case anyone is Confused, I am going to Explain what CryptoNote/CryptoNite is...
This Type of Blockchain First Started not with Monero, but with Bytecoin which is not Functioning anymore, but instead they continued forward with a Project Called ForkNote. So this Type of Blockchain is it's very Own TYPE of Blockchain, for example Bitcoin is SHA, there are Other SHA Blockchains that Copied Bitcoin, many are just Clones of Bitcoin with a Different Name. DOGE and LTC (Litecoin) are both SCRYPT, so BTC is SHA, LTC is SCRYPT, Monero is CryptoNote/CryptoNite.
The Reason CryptoNite Algorithm exists is because when Bitcoin was $5 You could actually get a Laptop and set it up, and You could Mine Bitcoin and Mine what now-a-days would maybe even be Thousands of Dollars a Day in Bitcoin (in Modern 2024 Prices, but this was 2010-ish), with just a Laptop. Then more and more People were Setting up Laptops, so there became a Competition, and the Bitcoin Community actually Found that Graphics Cards used for Video Game Computers were actually Better for Mining (this is now not useful information, unless You are Mining a Newer less Competitive Coin) but the Laptops were Taken Over by the Graphics Cards. So the CPU was Taken over by the GPU Mining. Then the GPU was actually Taken Over by the ASIC. So there was Litecoin made, because Bitcoin became too hard and Everyone on their Laptops weren't Making Money anymore, that is why Litecoin exists. And at First Bitcoiners HATED Litecoin because it was a Threat. Then they started making Memes where LTC and BTC were Shaking Hands, and Everyone decided that LTC could exist without being a Threat to BTC. And then LTC became too Hard to Mine, and FeatherCoin was Invented.
ALL OF THIS LED TO CRYPTONITE.
CryptoNite is exactly like the Pun it sounds like,CryptoNite Algorithm, is meant to be like Cryptonite to Superman. Superman is a SUPER-Man, and we can compare SUPER-Man, to the ASIC Miner, and so the Cryptonite to SUPER-Man, means that the ASICs don't Work on this Blockchain. You can't use an ASIC on this Blockchain, it is like CryptoNite, the Superman ASIC Technology does not Work on CryptoNite. So Everyone can Mine with their Laptops.
That is the main Point of CryptoNite, Everyone can Mine on their Laptop. And the 2nd most Noticeable Feature is Probably that no one can see the Transactions. With Bitcoin, Every Transaction is Transparent, Everyone can see who sent what where. With CryptoNite/CryptoNote Algorithm Currencies, this Transparency does not exist. Instead there is Privacy Built in, it is all Secret.
Now, we are going to be Creating a CryptoNote/CryptoNite Mining Pool where Everyone can use their Laptops and Everything to Mine, we may be Mining Monero, but we will Decide. The Purpose of this Mining Pool is going to be to Eventually List our Own Coin to be Mined, and anyone else who is in our Community who wants to. We can all Start making CryptoNote/CryptoNite Currencies, and Immediately have People Mining them once they are made.
https://github.com/dvandal/cryptonote-nodejs-poolAnd I want Everyone to have the ForkNote Information because this is how You Create a CryptoNote/CryptoNite Coin and Blockchain, this is how it Works. And I have done it before, so I know that there Methods Work. Below is a Link to their Website, and below that is a Link to Information about us going Through Everything.
https://forknote.net/The Van Kush Family Previously Posted information about Creating these kinds of Tokens, Here on Bitcointalk:
https://bitcointalksearch.org/topic/creating-your-own-cryptocurrency-an-actual-guide-not-an-easter-egg-hunt-2622444We Posted most of the Documentation on the ByteCoin Forum, which since has Stopped Operating, so the Bulk of Our Posting about the Actual Process of Creating the Currency when we Tested it, is Gone, but that Thread there from Bitcointalk does have Information that will be useful to anyone Creating one of these Blockchains.
But we are in the Middle of Launching some Tokens, doing Things on Polygon Blockchain and HIVE Blockchain (HIVE-Engine), then we will Start getting to making Blockchains once we have a few Operational Tokens. But before the Blockchains, we will need, and will make, Mining Pools.