Testnet Only Guide: How I Got My Daemon, Wallet, And Miner Running & Also Started Solo Stake Mining

Discussion in 'Proof-of-work Mining' started by sambiohazard, Jan 28, 2016.

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  1. 2017/12/15 - Decred v1.1.2 released! → Release Notes  → Downloads
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  1. sambiohazard

    sambiohazard Sr. Member

    Jan 21, 2016
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    #261 sambiohazard, Feb 8, 2016
    Its not necessary but recommended.
     
  2. pedro1975

    pedro1975 New Member

    Jan 28, 2016
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    #262 pedro1975, Feb 8, 2016
    pease some of us need a video tutorial , i already bought dcr and i want to stake or mine it , i dont have a clue how to start ,,,
     
  3. jcreasy9256

    jcreasy9256 New Member

    Feb 8, 2016
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    #263 jcreasy9256, Feb 8, 2016
    You, sir, are brilliant. Thanks so very much for your help. Completely new to mining, although I've been trading for quite some time, and your guide was gold.

    Cheers!

    J
     
    sambiohazard likes this.
  4. oslak

    oslak New Member

    Apr 6, 2016
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    #264 oslak, Apr 9, 2016
    I vaguely understand the instruction on solo mining. So the only way to specify an exchange wallet is to mine on a pool?
     
  5. sambiohazard

    sambiohazard Sr. Member

    Jan 21, 2016
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    #265 sambiohazard, Apr 9, 2016
    First of all this guide is for testnet. Mainnet guide is linked at very top in the first post.
    Now, I am not sure if address should belong to local wallet or not, but i think you can use the address from exchange with the flag --miningaddr. I hope someone can clarify this. @davecgh.

    Free advice: I would suggest against mining directly to an exchange address, most exchanges don't like that.
     
  6. oslak

    oslak New Member

    Apr 6, 2016
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    #266 oslak, Apr 9, 2016
    @sambiohazard Thanks for your reply. So it is possible to send mined decred to an exchange directly on solo mining instead of creating a local wallet? That's a good option though. At this diif level solo mining or pool is more profitable? above 10gh/s is my hashrate at full.
     
  7. sambiohazard

    sambiohazard Sr. Member

    Jan 21, 2016
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    #267 sambiohazard, Apr 9, 2016
    Solo mining depends a lot on luck, i am not sure what % of n/w hashrate would make it profitable for you to go solo. there were some good discussions and formulas discussed in cgminer thread about this. Try searching or asking there. I prefer pool mining as it gives you more stable income/less variance. Again, I am not sure about using exchange address with --miningaddr flag, you should wait until someone else confirms that.
     
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