How to Mine Nimiq - Tutorial

By GameWatch21 | CryptoVerse21 | 14 Aug 2020


Yo, as the latest Post i will be giving tutorial from some sources i have read, it is pretty easy and you can choose to mine at Browser or using your Desktop Miner, if you use Browser you can mine at any device, for Desktop Miner it is Recommended to have Windows 10 for faster mining

Now what you need to do is Searching a suitable Mining pool such as sushipool (i choose this pool as tutorial, you can choose other pool aswell) it is also have 0% fee for mining (it may change)

So it is better to install the Official Miner app at https://nimiq.com/#downloads we call it software miner also it is pretty cool and you didnt need to face any glitch or bug instead installing app on the mining pool provide so it is better to install this one also it is available both Windows and Linux

So when you already install the app it is usually appear at Appdata/local then you should be able to find %LOCALAPPDATA% and open it

And then use this config file, and you edit it whenever you want

{

dumb: "yes",

type: "full",

network: "main",

statistics: 20,

miner: {

enabled: "yes",

},

poolMining: {

enabled: true,

host: 'insert your pool host',

port: insert the port here,

},

wallet: {

address: "insert your nimiq adress",

},

}

 

Use that config code, and insert it, you need to insert the corresponding syntax so the miner will not give you an error, and if you already setup it correctly, it will take up 12 hours to downloading the blockchain (yes boring moment, but some users doesnt need to wait 12 hours for this, but it could be more than 12 hours) then it should starting to mine when it is fully loaded

Now for the Web Mining

It is the easiest way to mine, really fast, you only need to login to your account at Nimiq then you go to https://miner.nimiq.com/ and click the "Choose Account" and choose your logged account there

If you finish the step, you can choose the Pool now, there is many mining pool you can choose just click "Join", then wait for the Network to initialize and then off to go, you already joining to the mining security

 

If you want to calculate your mining profit you can see it at https://calc.nimiqx.com/ it is quite cool since you can calculate it really detail

Hash rate: Enter your total speed (in kilohashes per second) for all of your mining computers. This would be the “total speed” value in your mining software. Make sure to add up all of the computers your using for Nimiq mining.

Power: Enter the total amount of power (in watts) that your mining rig is using. Some mining software will measure this for you. You can also measure total power consumption for your computer using special software, or a kilowatt meter. I prefer using a kilowatt meter, because I find it to be the most accurate. Make sure to add up all of the computers your using for Nimiq mining.

Cost: Enter the cost per kilowatt hour that you pay to your electricity company. I was able to find this info in my monthly bill, as well as on their website.

Pool fee (Under advanced options): Enter the pool fee + the miner software dev fee. For our example you would enter 0

Hardware cost: Enter in the total cost of all of your hardware.

 

Alright, hopefully the tutorial is helpfull and can help you to mine nimiq, this tutorial is reference of https://blockonomi.com/how-to-mine-nimiq/ you can read their blog to see detail information, also thank you to you for reading my post

If you have any question about how to mine nim, you can ask it at comment and i will try to answer and help you with it (i only mine using web browser so i got assisted with someone who mine at desktop)

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GameWatch21
GameWatch21

Writer for Crypto, Games, Arts and Many more, DM at Discord @GameWatch21#2925 if you want to post your project at my Blog New post Every 7.00 AM GMT+7


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