December 14, 2018, 03:15:43 pm

Author Topic: Mining Guide  (Read 17776 times)

0 Members and 1 Guest are viewing this topic.

Offline Stouse49

  • Gold Engineer
  • DevTeam
  • *****
  • Posts: 712
  • Karma: +66/-0
    • View Profile
Mining Guide
« on: August 19, 2013, 11:44:29 pm »
This mining guide will take you through the various ways of mining starting with the easiest methods.

Mining Hardware
1.  CPU
2.  Graphics Card(s) - These are faster than CPU's.  A mining computer can have more than one.  AMD Graphics cards are much faster than their nVidia counterparts.

Hardware that will not work includes any device that is made specifically for SHA-256 mining.  This include ASIC USB Block Eruptors and the offerings of Butterfly Labs and Avalon.

Mining Pools
Mining pools allow you to join your miner on your computer with other miners which allows for smaller, but more consistent payouts.  A list of mining pools is here:  https://www.gldtalk.org/index.php?topic=246.0.

Some methods require an account a mining that is configured with a worker.  Register at a GoldCoin Pool found at http://www.gldcoin.com/pools-and-nodes/.  Add a new worker under your new account at if there are not any workers setup.  The server and ports that are needed in later sections are typically found on a Getting Started page of the pool website.

Mining Methods:
1.  Wallet Mining (solo) - The easiest way to mine
2.  Wallet Mining (pool) - NOT RECOMMENDED
3.  CPU Mining (solo)
4.  CPU Mining (pool)
5.  GPU Mining (solo)
6.  GPU Mining (pool) - The most profitable way to mine
7.  CPU and GPU Mining (solo)
8.  CPU and GPU Mining (pool)

Wallet Mining (solo) - The easiest way to mine
Open your GoldCoin Wallet and click in the Mining tab.  Ensure that the Type is set to Solo Mining.  Press the Start Mining button.  This method is the slowest method and will be able to mine about 45 coins every 26 days based on the current size of the network.

Wallet Mining (pool) - NOT RECOMMENDED
This method is not guaranteed to work.  It requires that a required file is replaced with a newer version.  Use this method at your own risk.  The GoldCoin Wallet could crash at any time.  It may cause problems with uninstalling or upgrading the GoldCoin Client.

Download the latest version of cpuminer (https://bitcointalk.org/index.php?topic=55038.0) and extract the files to "C:\Program Files (x86)\GoldCoin (GLD)".  When asked about replacing pthreadGC2.dll, choose replace.  Open your GoldCoin Wallet and click in the Mining tab.  Ensure that the Type is set to Pool Mining.  In the GoldCoin Wallet, enter the server, port, your worker name and password.  The port should be one that is for GetWork or LongPoll (LP).  This method does not support stratum.  Press the Start Mining button.


CPU Mining (solo)
In this case, the GoldCoin wallet will need to be open and follow the instructions in this post:  https://www.gldtalk.org/index.php?topic=397.0.  Given the size of the GoldCoin network, it may take up to 2 days to mine 45 coins.

CPU Mining (pool)
See this topic on how to use ScryptMiner:  https://www.gldtalk.org/index.php?topic=361.0

GPU Mining (solo)
If you have an AMD video card, then see this topic:  https://www.gldtalk.org/index.php?topic=256.0 (mining with CGMiner).  This topic will work for nVidia cards also, but the cudaminer is faster than cgminer.

GPU Mining (pool)
You will need an account with a mining pool.  If you have an AMD video card, then see this topic:  https://www.gldtalk.org/index.php?topic=256.0 (mining with CGMiner).  This topic will work for nVidia cards also, but the cudaminer is faster than cgminer.

CPU and GPU Mining (solo)
The above cases can be combined to mine with both the CPU and GPU of your computer.

CPU and GPU Mining (pool)
The above cases can be combined to mine with both the CPU and GPU of your computer.  In that case you can keep track of how each mines separately on a pool by creating more than one worker.
« Last Edit: July 07, 2016, 03:12:16 am by Stouse49 »
GLD: E1A6WogjpqU3KjjoRUD63f7kofrFozmyfg

Offline MicroGuy

  • @realMicroGuy
  • Administrator
  • *****
  • Posts: 3443
  • Karma: +47/-0
  • "Shoot for the Stars!"
    • View Profile
    • MicroGuy.com
Re: Mining Guide
« Reply #1 on: August 20, 2013, 02:00:55 am »
This is very handy and useful guide. Thanks for taking the time to put this together.  ;D
"The heart of any cryptocurrency can be found in the spirit of its community."

Offline intljs

  • Newbie
  • *
  • Posts: 4
  • Karma: +0/-0
    • View Profile
Re: Mining Guide
« Reply #2 on: August 29, 2013, 01:33:38 pm »
Who's in charge of developing the wallet miner?
It really need HTTP proxy support :)
Thanks,

Offline goldhoard

  • Newbie
  • *
  • Posts: 8
  • Karma: +0/-0
    • View Profile
Re: Mining Guide
« Reply #3 on: December 04, 2013, 06:44:49 pm »
Hi,

To get the 45 coins, how many hours will it going to be each day for 26 days in doing solo mining?

Offline numismatic

  • Newbie
  • *
  • Posts: 2
  • Karma: +4/-0
    • View Profile
Re: Mining Guide
« Reply #4 on: July 06, 2016, 08:23:25 pm »
Thanks for the summary of solo mining using the GLD wallet. It seems that solo mining using the wallet would be ineffective at best. I am wondering why include it in the GUI? Not to sound sarcastic, but is there some reason other than that a year or two ago it would have been feasible to generate coins that way? Including a mining option in the wallet is common for several other alt-coins as well, so replies here would be useful to me.

GLD: EAqDC7GN4skhJCu8MCNEHaqJ7ovMBF7djq

Offline Stouse49

  • Gold Engineer
  • DevTeam
  • *****
  • Posts: 712
  • Karma: +66/-0
    • View Profile
Re: Mining Guide
« Reply #5 on: July 06, 2016, 09:10:23 pm »
Thanks for the summary of solo mining using the GLD wallet. It seems that solo mining using the wallet would be ineffective at best. I am wondering why include it in the GUI? Not to sound sarcastic, but is there some reason other than that a year or two ago it would have been feasible to generate coins that way? Including a mining option in the wallet is common for several other alt-coins as well, so replies here would be useful to me.

GLD: EAqDC7GN4skhJCu8MCNEHaqJ7ovMBF7djq
Solo Mining is a legacy feature at this point.  I started to mine GoldCoin on a CPU using the GUI client, but that quickly became ineffective.    It remains because the developers didn't disable or hide that feature.
GLD: E1A6WogjpqU3KjjoRUD63f7kofrFozmyfg