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Speedcoin Mining

Speedcoin Mining Guide


Speedcoin mining is the process of using your computer’s resources in order to help run the Speedcoin network. Like most cryptocurrencies, Speedcoin is distributed through block rewards, where miner’s get a certain number of Speedcoins by solving a certain amount of cryptographic work.
See Video Bitcoin Mining   (Speedcoin Mining have similar process)



Instruction -
There are two ways to mine Speedcoins - solo mining or pool mining .



1. Solo Mining -

1.1 Goto Start -> All Programs -> Speedcoin Wallet and open Speedcoin Config File -

Speedcoin.conf  file location on your computer:
Go to Start -> Run (or press WinKey+R) and run this:     explorer %APPDATA%\Speedcoin

If you don't have this speedcoin.conf file, download new config file and save it in %APPDATA%\Speedcoin directory

1.2 Uncomment a lines with text below in a configuration file (speedcoin.conf) by removing the # at the start of the line OR simple add this lines in end of file -

			rpcuser=userEJGU1b
			rpcpassword=Q0klF3JP58m64tlMeuTi2e9FBOOsPRbzORIlhp83
			rpcallowip=127.0.0.1
			rpcport=24776
			addnode=198.50.147.52
			addnode=37.187.180.225
			addnode=92.222.14.80
			server=1
			daemon=1
			listen=1
			gen=0
		

1.3 Start Speedcoin Wallet (or restart it if already running)

1.4 And Last Step for Solo Mining -

  1. ATI Mining For ATI GPUs, download
    Vertcoin GPU miner for Windows,   Linux x64 or build from source

    Run command (WIN+R) on computer (SOLO MINING):
    vertminer.exe -o http://127.0.0.1:24776 -u userEJGU1b -p Q0klF3JP58m64tlMeuTi2e9FBOOsPRbzORIlhp83 --scrypt-vert
    P.S. Ignore message: "No suitable long-poll found for http://127.0.0.1:24776"


  2. Nvidia Mining For nVidia GPUs, download
    CUDAMiner for Windows,   Mac OS X or build from source
    (note that the --algo=scrypt:2048 switch is needed to mine SPD with CUDAMiner)

    Run command (WIN+R) on computer (SOLO MINING):
    cudaminer.exe -o http://127.0.0.1:24776 -u userEJGU1b -p Q0klF3JP58m64tlMeuTi2e9FBOOsPRbzORIlhp83 --algo=scrypt:2048


  3. CPU Mining For CPU mining (slower), download
    CPUMiner for Windows or build from source

    Run command (WIN+R) on computer (SOLO MINING):
    minerd.exe -a scrypt -o http://127.0.0.1:24776 -u userEJGU1b -p Q0klF3JP58m64tlMeuTi2e9FBOOsPRbzORIlhp83 --threads 3

Solo Mining Done !





2. Pool Mining (temporarily unavailable) -
Simple download archive with miner below and run ONE command only.
By default, in commands below we use anonymous fast mining pool
(no registration required, 1% fee, autopayouts at 1 coin) -
  1. ATI Mining For ATI GPUs, download
    Vertcoin GPU miner for Windows,   Linux x64 or build from source

    Run command (WIN+R) on computer (POOL MINING):
    vertminer.exe -o stratum+tcp://93.187.121.198:4444 -u WALLET -p x
    --scrypt-vert

    parameter: WALLET - your speedcoin wallet address


  2. Nvidia Mining For nVidia GPUs, download
    CUDAMiner for Windows,   Mac OS X or build from source
    (note that the --algo=scrypt:2048 switch is needed to mine SPD with CUDAMiner)

    Run command (WIN+R) on computer (POOL MINING):
    cudaminer.exe -o stratum+tcp://93.187.121.198:4444 -u WALLET -p x
    --algo=scrypt:2048

    parameter: WALLET - your speedcoin wallet address


  3. CPU Mining For CPU mining (slower), download
    CPUMiner for Windows or build from source

    Run command (WIN+R) on computer (POOL MINING):
    minerd.exe -a scrypt -o stratum+tcp://93.187.121.198:4444 -u WALLET -p x
    --threads 3

    parameter: WALLET - your speedcoin wallet address

Pool Mining Done !





Vertminer command line example -
vertminer.exe -o stratum+tcp://xxx.xxx.xxx.xxx:PORT -u WALLET -p PASSWORD
parameters -
    xxx.xxx.xxx.xxx - change on ip/website address of mining pool
    PORT - mining pool port (see above)
    WALLET - your speedcoin wallet address
    PASSWORD - your password on website/mining pool



New speedcoins are generated by a network node each time it finds the solution to a certain mathematical problem (i.e. creates a new block, usually every one minute), which is difficult to perform and can demonstrate a proof of work. The reward for solving a block is 25 SPD.



DAILY REPORT
~1,440 New Blocks have been created and Speedcoin Network has paid those 1,440 Blocks (25 SPD per Block = 36,000 SPD) as Rewards to Speedcoin Miners