Jump to content
Cyber Phantom

All You Need to Know about Mining

Recommended Posts

Cyber Phantom

Ok folks so CP has implemented a browser miner and i am here to provide with you with a guide how to use it.

I know most of the people know about how browser miner but still there maybe some who need this gude so lets begin.

1. What is Cryptocurrency?

A Digital Currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

2. How does mining take place?

People are sending bitcoins to each other over the bitcoin network all the time, but unless someone keeps a record of all these transactions, no-one would be able to keep track of who had paid what. The bitcoin network deals with this by collecting all of the transactions made during a set period into a list, called a block. It’s the miners’ job to confirm those transactions, and write them into a general ledger.

3.  What Miners do?

They verify the previous Bitcoin transactions(known as blocks). And convert it into a hash(64-digit hexadecimal number).  What they're actually doing is trying to be the first miner to come up with a 64-digit hexadecimal number (or Hash)  that is less than or equal to the target hash(transaction hash/block).

                       For mining miners need a lot of computing power in order to get there first. To mine successfully, they need to have a high "hash rate," which is measured in terms of hashes per second (H/s).

Spoiler

 No advanced math or computation is involved. You may have heard that miners are solving difficult mathematical problems--that's not true at all. 

Source Investopedia

 

 4. How to use CP browser miner?

Ok lets get with the part for which i started this this post.

First of all mining is usaually done be GPU's beacause they are way to faster than CPU's but browser miners use CPU's.(i dont know why but i think beacause of their limitation)

mining.PNG.2c08c00a8bba79bb0d0fa91e93895779.PNG

Now u see a few settings here and u be like wtf do these mean. What settings are best for me

Hashes/s means at what rate your CPU is generating hashes to come up with a hash that is equal to the target hash(or block).

Threads refer to your logical cores/threads that processes the input data. If you have 8 thread CPU and you set the number of threads to 8. All the eight threads will be used to mine. Its optimal to use less threads than the number of threads your CPU has so that it you have enough processing power to use other programs.

5. Should i Mine from my smartphone/Tablet?

Yes, you can mine using your tablet or smartphone but it is not advisable. First of all the CPU's of such devices are not powerful enough so Hashes/sec will be low and prolonged mining will generate a lot of heat which can damage your battery.

6. Does mining give us Donator rank?

Yes, when a user reaches 200M accepted shares he/she will be promoted to Donator.

 

That's all for this topic. Hope this helped you out.

 

 

Edited by Cyber Phantom
Added Info about promotion
  • Like 5
  • Thanks 2
  • Upvote 8

Share this post


Link to post
Share on other sites
NORO

Nice lets mine

1892751-1-eng-GB_underground-mining.jpg

  • Like 4
  • Haha 7

Share this post


Link to post
Share on other sites
-PUNISHΞR-

Note : If you want to mine but you can't do this :

Disable the adblock (Usually all adblocks block the mining scripts)

Add Authedmine.com in Antivirus Exclusion list. (MalwareBytes & Others) (Just to point out the disabling adblock will not going to work unless you add that url as exclusion in Malwarebytes or others)

P.S : Please turn off this snow effect :\

  • Like 1
  • Haha 1

Share this post


Link to post
Share on other sites
Herbert Slaith

Some currencies are actually OK to mine with a CPU btw, they makes enough monies.

Share this post


Link to post
Share on other sites
Erika Asuna
1 hour ago, Herbert Slaith said:

Some currencies are actually OK to mine with a CPU btw, they makes enough monies.

You can even get free servers to mine nowadays, so yes.

GPU mining gives way better results, but comes at a cost too :80_smile_cat:

Share this post


Link to post
Share on other sites
Mewise
5 hours ago, Herbert Slaith said:

Some currencies are actually OK to mine with a CPU btw, they makes enough monies.

Which ones?

Share this post


Link to post
Share on other sites
maxo3000

Finally made it to the top 10 ! I hope I can do more to keep Corepack always up and running (my PC is not that good but it is all I can do )

 

top10.jpg

Edited by maxo3000
  • Like 1
  • Upvote 1

Share this post


Link to post
Share on other sites
maxo3000

P.S: I am not competing or bragging here - just showing how much I like Corepack

  • Like 1

Share this post


Link to post
Share on other sites
Gamer1720

wow lets do mine Cp family

Share this post


Link to post
Share on other sites
WΛLIĐ

W09yzpL.thumb.jpg.10c6f7a35d52f3765f150ff84d90d3bc.jpg

  • Haha 4

Share this post


Link to post
Share on other sites
Outfield303
Spoiler
1 hour ago, walid bensenouci said:

W09yzpL.thumb.jpg.10c6f7a35d52f3765f150ff84d90d3bc.jpg

 

I feel bad about that GPU

Edited by Andrew247
  • Haha 1

Share this post


Link to post
Share on other sites
Drownedwalk1622

Do I have to do something for starting that mining or just have to press the 'START' button??

Share this post


Link to post
Share on other sites
Jansons

If I have 4cores and 4 threads and the auto thread option picks 8 is that correct? Shouldn't it be at 4? (new to this :) )

Share this post


Link to post
Share on other sites
dotMiracle
10 hours ago, Jansons said:

If I have 4cores and 4 threads and the auto thread option picks 8 is that correct? Shouldn't it be at 4? (new to this :) )

If I'm not mistaken, every core acts like 2 threads.

But if what you are saying is true, let it at 4 threads.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...