Mining

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Last Post 03 April 2018

george posted this 21 November 2017 - Last edited 06 May 2018

At this point, SFX is a normal script coin (like LTC). Mining with CPU is not effective !!! Recommendation - mining with ASIC.

How mining with your miner (Alpha):

1/ Download windows wallet

2/ Download windows miner

3/ start wallet and synchronize (copy address)

4/ in the folder with miner create start.bat

minerd.exe -o stratum+tcp://pool.soferox.com032 -u yourcopyaddressformwallet -p password

pause

5/ start start.bat

How solo mining (Alpha):

1/ Download windows wallet

2/ Download windows miner

3/ start wallet and synchronize

4/ in wallet - Help - Console -

setgenerate true -1

enter

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Admin

Soferox posted this 22 November 2017

We plan to support all platforms, as far as block time and what not that is something we are trying to prepare for right now. We are doing major network enhancements and are creating a fast environment.

That is our goal.

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george posted this 22 November 2017

OK. We wait.

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george posted this 22 November 2017

You have tested. Does the CPU seem particularly important in the number of cores? How important is the memory of 8GB or better RAM (16GB). SSD? I'll buy something under the tree. :-)

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Admin

Soferox posted this 22 November 2017

The number of cores is important, as in, we do parallel programming, so we are able to access all cores dynamically and not as needed. So performance is based on a mix of speed and available cores. More isn't always better ya know

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george posted this 22 November 2017

and RAM ? You recomended 8 or 16 or 32 GB?

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Admin

Soferox posted this 22 November 2017

Ram isn't relevant. The program is crazy light-weight. Can run on a 2GB system. Processor is the only real thing that is important.

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Mello posted this 23 November 2017

The program is crazy light-weight. Can run on a 2GB system. Processor is the only real thing that is important.

So uptime is important or is it processor heavy, are we talking staking here? - yeah still looking for more, keep the info flowing.

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george posted this 23 November 2017

If the program does not need memory then it will be easily converted to GPU and ASIC :-( :-( :-(

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george posted this 23 November 2017

Any of the tests? What was the worst CPU you tested. And how many times was the best better. (i7 or E5 10 core :-))

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Soferox posted this 24 November 2017

If the program does not need memory then it will be easily converted to GPU and ASIC :-( :-( :-(

This is not true. What makes a program ASIC resistance is the algorithm used. Ideally bringing on GPU mining would be best for everyone, but we are trying to achieve a small entry level cost to mining in the beginning as we want to give everyone a chance to experience and see just what mining crypto can be like. Also give them a chance to gather coins to allow them to upgrade rigs later on down the road for better mining results.

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Cryptoboss posted this 25 November 2017

Wow, I'm loving it already. And hope hope investors will get the first chance at mining before the whale miners start to jump in. I guess mining software should be released to we members only.

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Soferox posted this 25 November 2017

The private alpha and beta are for investors only yes. So you will get the first chance to download the mining software.

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george posted this 25 November 2017 - Last edited 25 November 2017

Thanks, I think the GPU is good.

Membership mining - Yes, it should be as it is written in the Roadmap. I've been investing more to be in Private Alpha.

If promises apply. Private alpha, next Private beta, then everyone.

So you expect to start mining for 2-3 months with an offline wallet. (Source Telegram)

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Admin

Soferox posted this 25 November 2017

That is our hope yes we are actually meeting tomorrow, and are going to look at the timeline and revise/edit/improve with more detail to give people an understanding of what exactly we are doing. After talking with community we have learned you guys are more ok with things taking longer, if they are better, so we may take you guys up on that, and extend some dates to release this with a more feature rich environment. But that is not decided yet.

Thanks,

Soferox

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george posted this 25 November 2017

Yes. Quality is better than faster. IOTA have problem, ETH have problem ...

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cwick posted this 25 November 2017

guys even though it is taking a wee-bit of time, I really couldn't be more pleased with the team, the transparency, and the potential price of the masternode(s).

you guys really seem to have us, the users, best interest at heart. certainly can't say that about certain others, lol... ;-)

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Soferox posted this 25 November 2017

We hope you are ok with the time. We want to build a great blockchain that really changes things up, but to do that we will need some time Appreciate the patience and kind words @cwick

Thanks,

The Soferox Team

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george posted this 27 November 2017

It's an original system. interested me:

Users can only reserve 1 block per CPU at a time.
So if you have 10 CPU based systems you could have 10 blocks reserved at any one given time.

but

The more blocks they submit the more trust they develop and eventually once enough trust is established they will begin to see a priority and get transaction more frequently.

Who gets the trust? (user)

Can the user exchange several CPUs without losing confidence? (probably yes)

User is who? (wallet number)

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Admin

Soferox posted this 27 November 2017

George,

This was our original concept for mining. We are still tinkering with it, but it is looking like a V2 for mining for this. I think to create a stable and good working environment we will use traditional hashing methods, but basically this is in essence staking. Something we really like as it gives the community options and a voice as to who is mining, rather then letting the person with tons of money and can build massive mining environments be the top miner. But to answer

Who gets the trust? (user)

Yes the user

Can the user exchange several CPUs without losing confidence? (probably yes)

Yes they can. It is based more on the miner ID or wallet address rather.

User is who? (wallet number)

Yes their wallet number. If we implement staking they'd probably have an ID along with their wallet address.