SmartCash SMART Mining Solo Vs Pool

In previous Cryptocurrency Mining for Dummies lessons, I have explained how you can use two websites, Whattomine.com and Crypto-coinz.net to research which coins will be the most profitable to mine. Ubiq UBQ Usb Mining. Today's lesson will illustrate one way this information can give falsely inflated profit expectations. The focus of this lesson is the coin Smartcash. Antminer Gulden NLG Calculator. I noticed a few days ago that the price of Smartcash was starting to climb. I went to Whattomine and opened up the Smartcash coin calculator page and entered the hash rate for my GTX 1050 Ti when mining the Keccak algorithm. It showed an estimated reward of approximately 21 coins with a revenue of about $2.50 per day.

The Fastest Public Keccak ccMiner for Nvidia Mining. Demand and profitability for Keccak lately it is apparently SmartCash (SMART). Solo Mining Proxy Now. You are now solo mining, after a while 1-3 hours at the time of writing you will find and process your first block. Which is 250 SMART. The following is what the miner looks like once you have mined more then one block. Every block you mine will appear in your wallet as an immature balance until confirmed by the network. Today I am going to show you how to setup and configure mining for SmartCash. I will try to keep the. SmartCash (Smart) is very similar to bitcoin in terms of use and function. Please note that this is not permanent and you can change your mining pool or setup another mining pool if need be. In this tutorial I. I'm new to mining ether, so i apologize if this question sounds dumb Is there a big advantage (in term of speed) in using mining pools vs solo mining?

This looked REALLY good! So I started mining Smartcash. The next day I looked at my earnings report for the mining pool, but was disappointed to see that I had only mined about 10 coins. Back to Whattomine I went to check if the estimated rewards had dropped over night. The Smartcash coin calculator still showed an estimated payout of approximately 21 coins and revenue of almost $3.00 per day. So I kept the miner running and started planning what I was going to do with all this soon to be new found wealth.

The next day, I checked my earnings report and again saw I had only mined about 10 coins. And that's when I noticed I checked the difficulty reported on Whattomine vs. The pool and saw a difference of about 38%. The lagging network was causing Whattomine to significantly over estimate my reward payout. Silver Lining Even though I was not mining the number of Smartcash coins I expected, there is some good news.

As shown in the 7 day chart below, the price of Smartcash has continued to climb and so I still was able to make a nice profit on the coins I mined. The Lesson Learned When dealing with mining profit estimating sites, never blindly accept the information given as 100% factual. There are a lot of issues that can cause the estimates to be off.

As we saw above, network issues can cause the difficulty to be incorrect. Inaccurate coin prices from exchanges can also drastically affect estimated prices.

A little extra effort verifying the information given can prevent you from wasting your valuable mining power. Until next time.

Smartcash, its going to be big, its community though small, is great and helpful, so with that being said, let get you onboard with mining this new coin, on Windows, using an AMD GPU, its the same process for Nvidia just use the appropriate miner for Nvida, all other steps are the same. First up, as this is a new coin, its a solo mining only space at the moment, this means you are mining via your wallet, which means you need to the Smartcash wallet, and SGminer, a slight tweak to the Smartcash.conf file, to link the 2 and then you are on your way. Step one, download the Wallet run the wallet to get it synced and updated to current block. Step two, download the SGminer variant need to mine this coin at the time of this post current version is SGminer GM 5.5.5 simply extract the zip, then goto the folder You can now edit the 'start.bat' file to provide the right credentials that get the miner working properly. Your start.bat file should have only one line in it looking like this, change the -u parameter to a username of your choice and the then do the same for -P parameter as this is your password that you choose, do not share these details with anyone.

Once you are done save and exit. Step three, time to join the miner with the wallet and make it work, go to the following path on your computer C: Users yourusername AppData Roaming smartcash change yourusername to your computer user name.

Even if you cannot see the AppData path as it is defaul hiddden in Windows 10, you can goto the path by typing it in. Once you have gotten to the smartcash path, we need to creat a.conf file, which will have the setting we need to make the wallet work with the gpu miner as a server. The easiest way is to copy a.conf file from the SGminer directory, then edit it and rename, then you do not need to worry about trying to make one using notepad. So to do this we went to our SGminer path were our GPU miner is and copied the sgminer-xmr.conf file now we past this file into our C: Users yourusername AppData Roaming smartcash path, and edit the file by choosing open with and selecting notepad, make sure the tickbox is unselected we do not want this file associated with notepad. Once the file is open for edit we want to delete everything in it, and then add the following lines in only.

Server=1 daemon=1 rpcuser=yourusername rpcpassword=yourpassword rpcallowip=127.0.0.1 rpcport=9679 keypool=10000 make sure to change the rpuser= to your username that you used in the SGminer setup and do the same for rpcpassword to the same password as used in the sgminer setup from above. Once the file is looking like the above, click save and exit. Now select the file and rename it to smartcash it will now be smartcash.conf ok we are nearly there, one last step, and i am not sure why it is required, but i followed the instructions from the smartcash community and it works for me. Step 4 download curl and extract the files. Step 5 bringing it all together, exit the Smartcash wallet, for the moment.

As we are going to begin the start up sequence to begin mining. Lunch the Smartcash wallet (wait for it to sync) go to the curl directory and run the curl application Now launch sgminer by running the 'Start.bat' we edited before, this will launch sgminer. After a few seconds maybe a minute it will look similar to this: you are now solo mining, after a while 1-3 hours at the time of writing you will find and process your first block. Which is 250 SMART. The following is what the miner looks like once you have mined more then one block. Every block you mine will appear in your wallet as an immature balance until confirmed by the network You are now done, setting up and running the miner.

I follow the startup sequence anytime i want to run the miner and it has worked every day for me so far. I would suggest for those that want an easier way, then wait until pool mining is available. Please also join the community over at and if you like this guide and want to support it with Smartcash, send a tip to: SSsnhMAdw9sbGmtEuH51kxkqFfLCj6tnoe if you want to make some quick smartcash, then there is a twitter campaign giving you 20 SMART for each tweet twice every 24hours, follow the link for the details.