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You now have the Ergo address to receive your mining reward. Other than setting up a wallet to obtain Ergo address some miners use exchange deposit address. If you are mining directly to exchange address then first make sure the particular exchange allows small deposits or deposits from pools. Even if they allow we do not recommend this. Mining ERGO to an exchange address causes dust to build up which can break the exchange wallet.
It could mess up their systems. The only benefit of mining directly to exchange is to avoid fees. Transaction fees on Ergo network is low. Currently there are four mining softwares that are capable of mining Ergo Autolykos v2 algorithm.
Closed source miner with 2. Compatible with Windows and Linux. Available for both Windows and Linux. AMD Only. The miner is made by Chinese developers and is targeted at Chinese markets. This software is stable and provides a higher hash rate. Nano miner is developed by same people who operate Nanopool.
Both Nanominer and NBMiner are close enough in terms of performance and they are tested thoroughly. With Nano Miner you can merge mine Ergo and Zilliqa. Choose any miner of your choice depending on your hardware. Below you can find the miner configuration for all four miners. Note: While downloading the miner your browser might block the file download.
Add exception to the file and continue with the download. Do I need to mine to a pool? In order to further decentralize mining the original Autolykos v1 algorithm did not support pool mining, forcing only solo miners to participate. But the thing is only miners who owned huge mining farms were able to profitably mine Ergo.
Since this did not work out well in practice the developers later turned on pool mining support with their Autolykos v2 algorithm. This increased the participation among small miners. Mining pools are designed to allow group of miners to contribute their hashing power so that they can increase the chances of finding a block. If you are a hobby miner and if you do not have enough hashing power then find a mining pool. This is bad.
To avoid mining centralization we recommend the 2 nd top pool or select one of the smaller pools. The pool fee of Hero Miners is 0. Choose the server that is close to your location. For example if you are located in Canada then choose ca.
Whether you are on Windows or Linux the procedure is same. After unzipping the miner file if you do not find the. Either disable the Antivirus or add exception to the miner. Also on all the above config make sure to replace the wallet address with your ERG address. If you are currently mining on Hive OS then you know how to setup. Once everything is configured start the miner.
Go to the pool website where you are mining Ergo. Enter your ERG address and click lookup. The pool will display your mining stats, estimated mining profits and the rewards earned. You can track this stats anytime. It feels like this mining algorithm has been developed exclusively based on these GPU. Especially the 4GB RX cards does well on this algo. For best results use the same overclock settings you use for ETH.
If this did not work then rolling back the driver should fix this error. Another common error is: login error timeout. Try disabling your Windows firewall. Also make sure your time and date on windows is correct. In order to cash out your mining profits you need to find an exchange. Ergo is currently not available on Binance or Coinbase. It is only available on few small exchanges.
On CoinMarketCap you can find the list of exchanges where you can trade Ergo. To cash out transfer the Ergo from your wallet to exchange. Convert it to BTC or stable coins. Then transfer it to your desired exchange and cash out the profits.
We hope this tutorial helped you with mining Ergo. If you run into any issues or if your mining is not stable then seek community help. Your email address will not be published. Notify me of follow-up comments by email. Checking Ergo mining profitability Depending on your mining rig hardware and electricity costs the profitability will vary. If you are wondering here are the GPUs that seem to work best. Show More. We regularly publish content about Bitcoin, Ethereum, Altcoins, wallet guides, mining tutorials and trading tips.
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Without getting into the specifics on the inner workings of Autolykos check out the revised whitepaper by Ergo if you are curious , you can count on a few benefits:. What does this all mean? Thankfully, we have a robust community of miners in our Premium Discord channels. In particular, a professional miner by the name of Jason Seibert was kind enough to let us use his professional rig for this tutorial! The hardware on this rack which is exposed for the most efficient airflow is as follows:.
As we said, Autolykos does make mining more friendly to smaller GPUs. However, depending on your electrical bill and general computer hardware, profitability will vary. From here, you can add in your GPU s in the boxes at the top. The reason is likely to cause profitability decreases along with hash-rate or popularity.
For those looking to get started with mining, this is a good place to check GPU profitability against a specific algorithm like Autolykos before making a purchase. TIP : if you do plan to purchase a GPU, just know that they are extremely limited and usually unavailable right now. Until manufacturing catches up with current demand and supply shortages, it may be cheaper to buy a pre-built PC with a GPU already installed. This is useful for quick comparisons between algorithm and GPU types.
The good news? More on that later. Since we only selected Autolykos, we will only see that result. Not bad! The great thing is that this profit is only if you plan to convert to USD on each payout immediately. You can, however, HODL your mining rewards if you expect the price-per-coin to appreciate in the future as many do. Another great tool besides WTM is the official Ergo calculator. The estimated USD payout is different in these two screenshots mainly because we wrote this tutorial during a market dip.
We use HiveOS because it is the most simple and streamlined way to manage your mining operation. With HiveOS, you can do several things like partition out rigs as workers, rent hardware to other users, get real-time analytics, set rules for your computer i.
The benefit of using a service like this is that you can set-it-and-forget-it. If you want more, HiveOS adds more useful features and security that allow you to operate a true mining farm that is profitable. We have an extra one, called The Crypto Drip , since our community member gave us full access to his mining rig for this tutorial. This is pretty cool to see, actually, and shows the power of HiveOS as a mining operation platform.
You can do this directly if you have a dedicated rig, but many people only want to part-time mine i. There are a few out there, such as:. From the dashboard, select your farm. If you want to create a new one, choose the plus icon at the top:. Once your farm is created, navigate to it by clicking on it. You can add a new one by clicking "Add Worker" in the top menu dropdown:.
Some quick and easy links:. These are the same values we got above from our Worker dashboard when we first created it. Type "Y" for Yes and "n" for no, and press Enter. Finally, we are ready to start mining! With our rig booted up with HiveOS, and accounts synced, we can begin mining. There are two steps to this section:. Go to the homepage , click Download, and choose your browser:. Go through the creation process. The recovery phrase is for restoring your wallet if you ever remove it from your computer.
The spending password is for security. Click the Receive button in the top right, like this:. Now that you have your wallet address, go to your HiveOS Dashboard. Select your farm, then select Wallets. Enter your details, pasting in the Wallet address that we copied from the Yoroi extension.
The only required fields are the Coin type ERG , and the address. The only thing left at this point is to tell HiveOS what you want to mine and which rig to use! Thankfully, HiveOS makes choosing a miner super simple. Mining pools allow groups of individuals to contribute hashing power to a single-solving algorithm, thereby increasing the chances of finding a solution.
Originally Autolykos did not support pool mining, hoping that it would support further decentralization by forcing solo mining.
There are two steps to this section:. Go to the homepage , click Download, and choose your browser:. Go through the creation process. The recovery phrase is for restoring your wallet if you ever remove it from your computer. The spending password is for security.
Click the Receive button in the top right, like this:. Now that you have your wallet address, go to your HiveOS Dashboard. Select your farm, then select Wallets. Enter your details, pasting in the Wallet address that we copied from the Yoroi extension. The only required fields are the Coin type ERG , and the address. The only thing left at this point is to tell HiveOS what you want to mine and which rig to use! Thankfully, HiveOS makes choosing a miner super simple.
Mining pools allow groups of individuals to contribute hashing power to a single-solving algorithm, thereby increasing the chances of finding a solution. Originally Autolykos did not support pool mining, hoping that it would support further decentralization by forcing solo mining. Unfortunately, this worked well in theory but not in practice. To increase incentive, Autolykos V2 turned on pool mining support, and has since found increased participation among smaller miners.
Some additional pools exist that you can participate in. A word of warning concerning nanopool, however: they have a very high hash-rate contribution to Ergo. In order to help decentralize the network, we suggest HeroMiners as a first option, woolypooly as a second option, and nanopool as a last resort. Miners are more like software applications that run the blockchain algorithms. They are made specifically for different GPU types, and some are more stable than others.
NBMiner, for example, is made by Chinese developers and mainly targeted at the Chinese market. Stability can be a profitable choice since an overheated or inefficient miner can crash your rig and require a reboot, wasting time. This will send the command to your Worker which is connected to your mining rig , and it will start mining! Go ahead and click on your Worker now to view its details. You should begin to see something like this:.
You can control your Worker completely from here! Furthermore, you can monitor settings, hash-rates, GPU temperature, and overall hash-rate. You can see at the top that we are running Autolykos V2 for our mining algorithm at a hash-rate of Pretty awesome. Payouts on HeroMiner are pretty quick. Here you can see your current balance and how close you are to a payout the calculated hash-rate here is higher because our community member has multiple farms running the algorithm on the same pool.
There are many ways to mine, but hopefully, this tutorial has helped you. If you need more help or run into issues, our Discord channel for premium members is full of helpful people including the person who donated the rig in this tutorial. Founder of The Crypto Drip. Software engineer. Christian, dad, and husband. Twitter: CryptosCalvin. Wednesday Deep-Dives Guides. Without getting into the specifics on the inner workings of Autolykos check out the revised whitepaper by Ergo if you are curious , you can count on a few benefits: Memory-hard computations that deter ASIC hardware.
More efficient mining. Autolykos V2 updated their solving algorithm to be much more efficient, essentially enabling the algorithm to be friendly to any GPU. Now that we have an account, we need to create a bootable HiveOS drive. If you want to create a new one, choose the plus icon at the top: And set your settings: Once your farm is created, navigate to it by clicking on it.
Sound good? Once finished, you should get a success message if you entered your ID and Password correctly: Wallet and Mining Setup Finally, we are ready to start mining! Go to the homepage , click Download, and choose your browser: Once installed, click on your new extension. Select copy to save your wallet address: Now that you have your wallet address, go to your HiveOS Dashboard. Next, select "Add Wallet": Enter your details, pasting in the Wallet address that we copied from the Yoroi extension.
Click "Create": You should see your wallet show up now, like this: 2. Click "Create Flight Sheet". Read more posts by this author. It holds a special view on miners and ensures that cryptocurrency mining will always be stable. As you can see on the official website , Ergo positions itself as smart money. According to the website, Ergo builds advanced cryptographic features and radically new DeFi functionality on the rock-solid foundations laid by a decade of blockchain theory and development.
The developers outline six main components that make the project stand out against others in the crypto niche. They are vision, consensus, light clients, survivability, economy, and applicability. According to the website, Ergo was created in response to stagnation in the blockchain area. As a result, the developers implemented various technical and economic ready-to-use ideas that add value but do not reduce the known advantages of blockchain systems.
Unlike the traditional financial system, no bailouts, blacklists or other forms of discrimination should be possible on the core level of Ergo protocol. Ergo also has storage rent to reclaim lost and forgotten coins. The developers are making an example of Bitcoin Core full chain wallet: it takes a few weeks to sync and load all the data.
This is highly frustrating, so Ergo enables light clients i. Thus, a regular user with any device can join the network and start using Ergo. Ergo is prepared for the changes that might be expected in the future.
For example, miners can vote to increase or decrease maximum block size, storage fee factor, etc. For more fundamental changes Ergo is going to follow a soft-forkability approach. If an overwhelming majority of the network accepts a new feature, it is activated. Old nodes which vote against the new feature continue to operate normally.
Thus hard forks should not be required in Ergo. This is the most curious part of the project. What makes Ergo special is the storage fee for outdated coins. If a cryptocurrency remains in the state for 4 years without being moved, a miner may charge a small fee for every byte kept in the state.
It is similar to cloud storage services when users pay to store their documents, music, and other files outside their devices. It gives Ergo several advantages. First of all, ERG mining will always be stable. In this case, Ergo miners will have an additional source of income.
Secondly, state size growth becomes controllable and predictable reducing hardware requirements for Ergo miners. And lastly, by collecting storage fees from outdated boxes, miners return lost coins to circulation. It helps prevent a drastic decrease of circulating supply due to lost keys.