How to mine 0x Token
How to mine the 0xBitcoin Ethereum Token
0:00 / 0:00
Quality:
Sharing buttons:
hi everyone this is infernal toast I'm
gonna be showing you all how to mine
this you know our c20 token it's the
very first my novel here's 20 token and
so it's actually decentralized which
means that there's now you know one
owner of it it's called Xerox Bitcoin
you can download the token miner
software right there start mining it
proof-of-work
or you know you can click hold on here
you see some stats and click on this
address so there's been quite a few
transactions 85,000 on the smart
contract so far it's launched about
maybe February early February this year
here all the transactions coming in
let's look at this one right here so
this one looks like a mint
so somebody try to mint some tokens out
of the smart contract and it worked they
spent in that nonce there's a lot of
zeros that starts with so they must have
done quite a bit of of mining to find
that solution so looks like this is
about 100 you get hash hash power on at
the smart contract my niece tokens out
mine difficulties about 15 million 1.7
million tokens mine so far out of 21
million cool so it's um you know it's
kind of like it's gonna like Bitcoin for
aetherium it's kind of like a clone of
Bitcoin I guess to take Bitcoin write it
in solidity and put it on a theorem it's
basically what it is so here's a here's
a mining pool this is called token
mining pool com see the hash right here
has been been increasing over the last
month or so you can see you can download
the same exact token mining software
right there pointing me at the pool or
you can mine solo but that mining in a
pool has advantages of course this is
you can also see you know everyone's
account shares here so here are all the
miners mining to the pool got a couple
of uh of mining rigs to pick a hash to
get hash and then some solo video card
miners all down here looks like almost
one hundred miners Navy right now so
quite a few tokens earned and some of
those but yeah that's the pool let's
actually go and see how we might
download this software so here is the
github page for the the mining software
token miner
here's the package release this is what
you want click on right here so we're
gonna click on that and we're gonna see
there's a CUDA and video minor and a and
E minor and both open source is also the
legacy CPU minor but this solves proof
of work to mine supported GRC 20 tokens
so pretty cool we're gonna we're gonna
just really quickly
click on the download the CUDA GPU minor
so this is from someone in Israel yeah
we're gonna go to point 9.0 pre-release
- that's the best version that's working
on Windows 10 right now some other
versions are kind of experimental we've
had the best success with this one you
know right now as of I guess March 24th
2018 all right so here are the files
that downloaded it looks like I've got 0
XP q c minor win 2 point 9.0 pre -
that's if I'm gonna extract that ok and
then I've got this folder here so let's
see here I've got this executable file
it's application that's actually the
miner and there's three other like.net
finals these are required for the node J
s and I for like the Shah hath your
hashing algorithm codes gonna be in here
and just this is needed for hashing so
alright so here's the 0 X Bitcoin miner
stick we're in version two point nine
point zero three two on Windows 10 so
I'm gonna just type help oculus of
commands and it looks like we have the
ability to make an account this dollar
counts so I'm gonna count they get a
pool mine okay so I'm just gonna type a
count list to see what's in here have it
past her to encrypt
okay so password create a new keystore
file huh okay so accounts there are none
all right so I'm going to type tool list
it looks like we have token money pool
calm if f-86 elected okay but if we
wanted to select a pin pool we would
just type cool select and the URL for
the pool so in this case would be HTTP
so
cool come in have a six and then we'll
do cool list again make sure yeah of
course all right so there's our pool
we've selected we had don't have an
account so i'm gonna type account select
and i'm gonna paste in you know any old
aetherium public address so here's one
that I have lying around whenever we
mind tokens are going to be deposited in
distress by the pool so enter okay and
now we go to account list there we go
and it doesn't have a private key but
that's fine you don't need a private key
to pool mine so we're just gonna go pool
mine kuda which means pool mine will CPU
mine
boo mine CUDA will mine with you know a
CUDA video card like Nvidia and then
pull mine open CLL mine was an AMD video
card that's using open CL so I have
nvidia card sony is cool mine CUDA press
enter and we'll see that we are it's
working so its difficulty set 205 we're
getting some hashes here we have an
estimated hash rate and it's just
submitting a bunch of solutions to the
pool so that's about it or buying some
tokens now alright so here we go we're
at the pool I've copied my address
already so I'm gonna go to view account
shares we're gonna see all of the miners
show up here I'm gonna do this new
control app do a search and search for
my address oh and there it is okay so
I'm miner 71 I'm getting some hashes
here I've accumulated some shares and my
VAR def is 205 but it seems like it's
gonna be increasing I'd imagine so
here's my shares I've submitted
I wanted to see invalid shares they'd be
here and my payments and transfers would
be down here
so all right looks like we're reminding
I'm just gonna let it run a little bit
and just you know pull the difficulty up
obviously the difficulty will come up as
remaining more
the pool will automatically adjust your
difficulty so that you're submitting a
solution about every minute or so that
way you're spending more time actually
hashing in less time trying to
communicate with with the pool that will
maximize the amount of tokens we get and
you're not too worried about that that
will happen automatically so so that's
about it if you wanted to see some of
the solutions the pool is submitting
again you can you can look here
so whenever a pool submits a solution to
the smart contract it'll get so conceal
this purse the token so everybody based
on the number of shares they have and
then is the transfers you can see these
are the payouts the pool makes everybody
with the etherion block hash I'm sorry a
theory and block number all right here
so yeah have fun let's do some token
mining
