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This guide will show you how to get started mining PPCoin, PPC with your GPU in a few simple steps. PPCoin is very similar to Bitcoin but can’t be merge mined due to some differences. Now, not all graphic cards support mining but if you purchased a medium range or better card in the last 1-4 years you should be able to mine. If you have an ATI/AMD card you’ll also need the AMD-APP-SDK which you can download it here. After downloading, open the file and install it.

Posts about peercoin mining hardware written by peercoinminingcalculator. Peercoin Mining Calculator to estimate. PPC Mining Calculator Leave a comment. Using WhatToMine you can check, how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin.

There’s nothing special in the setup, pressing next and finish where needed will suffice. If you are looking for the most efficient card to mine with then you’ll want to get the AMD Radeon 7950. If you look at the hash to watt ratio this is the most efficient card. You might want to download the PPCoin client also, the client will allow you to store coins locally on your computer. However, you don’t really need the client.

I have many of my coins stored online across various exchanges and hardly ever use the local clients. If you do use the client make sure to encrypt your wallet trough Settings->Encrypt wallet. Without a password any trojan or hacker can easily take your coins when they steal your wallet. You can find the PPCoin client here, get the proper client for your OS (probably the one ending with win32-setup.exe), the Linux client can also be found there. Download it and install it. The first time you run the client it will have to synchronize with the network, this can take some time. If you want to send coins to your client you will have to use the right address, you can find this under “Receive coins”, if wish to do so you can make as many addresses as you want.

Step 2: Setting up the mining pool. Now you’ll need guiminer to utilize your gpu for mining which you can download here. Once its downloaded, open the file, and extract it to a location which you can remember. Now go to the extract location and start guiminer.exe After the application launches you should see the following To start mining you have to configure it like you see in the screenshot below. To get the best performance possible out of them miner you should have a look at the Mining hardware comparison, most devices are listed there with their optimal settings. The specified settings can be filled in under ”Extra flags” Don’t forget to replace my username and password with your own. Common errors.

When Bitcoin was conceptualized, one could mine efficiently with the use of a consumer grade CPU. Eventually, as more and more people kept joining the mining process, the network difficulty rose up as a natural reaction. This led some developers to utilize the GPU for solving the Proof of Work hashes required to write transactional data on the Blockchain. While this was considered the go-to way for quite some time, the days for GPU mining are passed as well. This led some developers to utilize the GPU for solving the Proof of Work hashes required to write transactional data on the Blockchain.

While this was considered the go-to way for quite some time, the days for GPU mining are passed as well. The next step, although utilized by a small number of people for a short time before getting to modern standards were FPGA integrated circuits. These Field Programmable Gate Arrays were utilized a short period between mid-2011 and 2012 before the focus was shifted on the more effective and powerful ASIC-based Mining solutions. Application Specific Integrated Circuit (ASIC) Today, the vast majority of Bitcoin mining is done through ASIC-based technology. This acronym stands for Application Specific Integrated Circuit, which represents technology that is intended for specialized usage. In the case of Bitcoin, the ASIC-based miners are highly efficient at calculating SHA256 hashes, which is the cryptographic algorithm that’s used to produce POW hashes.

These chips represent the standard for today’s entry in the business of Bitcoin mining. We wouldn’t consider even attempting to mine Bitcoin with anything less than the best hardware out there, which provides owners with 70% return on earnings. Comparison of ASIC Bitcoin Miners ASIC Bitcoin Miners are the chips themselves, and they are usually packaged in hardware that holds utilizes many chips at once. This is how they achieve a high amount of hash power. Following this link will lead you to an external site, where you can find an exhaustive list of all available ASIC Bitcoin Miner chips on the market today. There are two major manufacturers of ASIC 16nm chips, which are undoubtfully the most efficient Bitcoin Mining chips on the market right now. Bitmain Founded in 2003, Bitmain has successfully climbed to the top of the board and they have produced the best Bitcoin Miners so far, in terms of efficient power usage and hashing power.

Currently, there is no better miner than their Antminer S9, which provides you with 11-14 TeraHashes per second (depending on batch). If you’re lucky to find their online store in stock, you can get the best price on these miners directly from them. BitFury Founded in 2011, by Valery Vavilov with its headquarters in San Francisco. Today, BitFury is a global presence with offices all around the world.

They are the first ones to develop the highly efficient 16nm ASIC chips. They are open for partnerships, and they want to sell their chips, as well as completely portable Petahash strong Bitcoin Mining solutions. BURST Mining Estimate on this page. You can learn more about them on their website. Mining Profitability Calculator This link leads to a Google Search Results page since there are many different calculators which offer varying amounts of functionality when calculating profitability. Whether you’re thinking about picking up mining, whether home or at a business location, you should strongly consider using one of these calculators to generate statistical information and learn more about individual factors that will influence your profitability. 5 Cryptocurrencies that can be mined on Home Computers. Bitcoin is the most renowned cryptocurrency and owing to its popularity it is getting hard to mine day by day.

There are plenty of professional miners known as cryptographers mine Bitcoins with dedicated hardware; however there are cryptocurrencies that can be mined on average home computer. They do not require Nvidia graphic cards or other expensive mining hardware in order to mine Bitcoin. Here is a blog post that discusses five cryptocurrencies that can be easily mined on home computers. 1. Dash (P2P Cryptocurrency) Dash is a privacy-Centric cryptocurrency that provides instant transactions and secures your transactions without any delay. However, nowadays, dash cloud mining is also an ideal option to earn profits. Www.peercoin.net Forum – Twitter – Facebook – Reddit – Wallets – Whitepaper – Release Thread • What is Peercoin? • The Problem With Proof-of-Work Based Digital currencies • Why Proof of Stake Makes Peercoin a Superior Alternative • Microtransactions & Off-Chain Networks • Learn More • Community • Project Development • Wallets & Exchanges • Minting & Mining • Resources Peercoin (PPC) is a peer-to-peer, decentralized, digital cryptocurrency.

It is a payment network without a single point of control or issuing authority (like the US Federal Reserve). Peercoin relies on cryptography and peer-to-peer networking to validate balances and transactions. It is also the first cryptocurrency to use proof-of-stake technology, an energy efficient solution to securing its network, which was invented by Peercoin’s architect, Sunny King. Bitcoin relies on Mining (Proof-of-Work) to secure its network and validate transactions.

Users who mine are rewarded with Bitcoins, thus providing them with an incentive to secure the network. The inherent problem with proof-of-work mining is that it creates a “computational arms race” for more and more powerful hardware dedicated to mining to gain an advantage over others and increase the chances of receiving a reward. As seen with Bitcoin, this competition shuts out most people from the mining process and pushes control of the network into the hands of those who can afford it. Thus, proof-of work mining has turned Bitcoin from a decentralized network where anyone can participate, into a network that has centralized control into the hands of the few. This is a long term problem for Bitcoin because it increases the risk of a person or entity gaining control of 51% of the mining power, allowing them to attack the network by reversing transactions, blocking confirmations, performing double spends and other attacks which could destroy confidence in Bitcoin.

Centralized cryptocurrencies also make easier targets for governments to shut down. Peercoin was designed by developer and architect Sunny King. Peercoin uses Proof-of-Work solely as a way to distribute coins more fairly, as opposed to an IPO (Initial Public Offering). To maintain the security of the network, Sunny King invented a new mechanism called Proof-of-Stake, which allows people to secure the network using the Peercoins they already hold.

While not transacting with your Peercoins, you can hold them in your wallet and engage in a process called “minting,” which secures the network and offers you a 1% annual reward. This encourages saving. Proof-of-stake minting is an energy efficient solution to securing the network, meaning that the entire network can be sustained on low-powered hardware, allowing even basic computers to participate. Equal participation is important because it allows Peercoin to remain as decentralized as possible.

The only way for a person or entity to attack the Peercoin network is for them to acquire 51% of the coins that are minting. In practice, attempting to purchase the amount of coins necessary to carry out an attack would drive the price up to astronomical levels, making it counter-productive for an attacker because they would be forced to put their entire investment at risk. One other major benefit in a proof-of-stake system is that the owners of the network assets (peercoin holders) are also the ones who control the network, as opposed to Bitcoin where there is a disassociation between those who control the network (miners) and those who own its assets (bitcoin holders). In Peercoin these interests are aligned. Peercoin holders are the ones who control the network. The main strengths of Peercoin are sustainability, increased security (particularly against the “51% attack”), and its economic properties, which allow it to function as a long-term store of value, or “backbone” currency. In technical terms, Peercoin can be expressed as: • Proof-of-Stake, a sustainable coin generation model where a 1% annual reward is generated on coins held.

• Absence of hard limit on total coins in existence, modeling the supply of natural resources such as gold. • Presence of 0. Becoming A Dash DASH Miner here. 01 PPC/kb network transaction fee that is destroyed rather than paid to miners, in order to offset inflation caused by the minting of new coins. • Transaction fee also limits casual, micro-sized transactions, making Peercoin’s blockchain small and lean, even after almost three years.

As mentioned above, one of the purposes of Peercoin’s 0.01 PPC/kb network transaction fee is to eliminate blockchain bloat caused by microtransactions. As a result of microtransactions, Bitcoin’s blockchain has grown massively in size, takes days to download and consumes high amounts of hard drive space. By comparison, Peercoin’s blockchain remains tiny even after almost three years, the download time is quick and the entire blockchain is small enough to fit on mobile devices. This makes Peercoin more manageable than Bitcoin. Even though the transaction fee has been a positive for Peercoin so far, many people are concerned with the fee heading into the future because it would seemingly prevent Peercoin from being used as a transactional currency. A major part of the story is missing here though.

In an interview dated 10/24/13, Sunny explained Peercoin’s design and how it improved upon Bitcoin. Notice the bolded sentence in the quote below. “Both PPC and XPM are designed to last.

PPC is designed with energy efficiency, XPM is designed with energy multiuse. Bitcoin has a long term uncertainty as to whether transaction fees can sustain good enough level of security. Before that the main concern is how to balance transaction volume and transaction fee levels. Currently I get the feeling that bitcoin developers favor very low transaction fees and very high transaction volume, to be competitive against centralized systems (paypal, visa, mastercard etc) in terms of transaction volume, to the point of sacrificing decentralization.

This also brings major uncertainties to bitcoin’s future. From my point of view, I think the cryptocurrency movement needs at least one ‘backbone’ currency, or more, that maintains high degree of decentralization, maintains high level of security, but not necessarily providing high volume of transactions.

Thinking of savings accounts and gold coins, you don’t transact them at high velocity but they form the backbone of the monetary systems. Pure proof-of-work systems such as bitcoin is not 100% suitable for this task. This is because transaction fee is not a reliable incentive to sustain network security. If the mining generation amount is kept constant (there have been several such attempts in altcoins) it would work better security-wise but then it would also significantly weaken the scarcity property of the currency. XPM’s inflation model is designed in such a way that it could serve as backbone currency better than bitcoin if needed, because it could maintain high security reliably for longer, with reasonably good scarcity property as well. Of course that’s only from architect’s point of view, whether or not it would be chosen by the market is a whole different matter.

PPC is designed to serve even better as a backbone currency. The proof-of-stake technology in PPC is not only energy efficient; it also maintains high level of security without relying on transaction fee. Thus PPC could be safely designed with strong scarcity property yet serving well as backbone currency. Both PPC and XPM use protocol enforced transaction fees, which reflects my preference that high transaction volume is discouraged in favor of serving as backbone currencies. Right now if we are talking about micropayments in the US$1 range, both PPC and XPM still handle them with much lower overhead than credit card network. In the long term micropayments should be provided by centralized providers, or a less decentralized network optimized for high capacity transaction processing. On the other hand there is no promise that minimum transaction fee wouldn’t be adjusted.

If processing capacity of personal computers continues to advance at the current pace, both max block size and minimum transaction fee could very well be adjusted at some point. However I do take a very cautious approach to adjusting transaction fees, as opposed to bitcoin devs. The impact to the fitness of the currency as a backbone currency is of great concerns to me.” A decentralized, censorship resistant blockchain is suitable for safe and secure storage of value, while a centralized or less decentralized off-chain solution is better for transactions due to high performance and low fees. Sunny thus designed Peercoin knowing that such off-chain networks would become important in the future.

One example of an off-chain network is Open Transactions, or OT for short. When implemented, OT will allow any size amount of Peercoin to be transacted instantaneously, enabling Peercoin to retain its ability to be used as a transactional currency, even with the 0.01 PPC/kb fee still in place. Another advantage is that Peercoin will handle its connection to an off-chain network like OT much better than Bitcoin. Bitcoin miners won’t receive the fees from transactions happening within the OT network, which could become problematic for Bitcoin in the future once the block reward lowers. Peercoin on the other hand is perfectly set to handle this potential future due to the low cost of minting.

Peercoin and off-chain networks like OT are perfect for each other. Peercoin provides a decentralized and secure currency while OT provides fast and inexpensive tools to manipulate and exchange Peercoins in everyday life. And Open Transactions is only one example.

Peercoin will be able to connect to other high speed off-chain networks as they are developed and released. As you can see, Peercoin has been carefully designed with the long-term in mind.

It was built to last. If you would like to get involved, then please join our community forum at PeercoinTalk.org. There are many projects being worked on. Together, we are working to build the world’s most decentralized and energy efficient cryptocurrency. Come and be a part of something truly revolutionary!

• peercoin.net – The official Peercoin website. • peercointalk.org – The official Peercoin forum. • peercoin.chat – The official chat room for Peercoin. • Twitter – Follow Peercoin’s Twitter feed for the latest news. • Facebook – Get the latest news on Peercoin’s Facebook page. • Reddit – The official Reddit community for Peercoin. • Google+ – Peercoin’s Google Plus page.

• YouTube – Watch helpful videos and tutorials about Peercoin. • Telegram – Peercoin chat service on Telegram. • IRC Chat – Peercoin chat on Freenode.

• Video Tutorials – Introductory videos about Peercoin and tutorials. • Peercoin Wisdom – A resource for technical information and peer review.

• Development – Core development and community projects. • Media – A collection of articles and interviews about Peercoin. • Whitepaper – Peercoin whitepaper by Sunny King.

• Myths – Counter-arguments for common Peercoin myths. • FAQ – Frequently asked questions about Peercoin. • Wiki – Peercoin’s dedicated wiki on GitHub. • PeerAssets – Protocol for issuing and transacting with assets, including features like voting and dividends. • PeerKeeper – A thin wallet for minting in browser and mobile phones, with built-in PeerAssets support. • Peerbox – Platform for secure minting and running Peercoin nodes.

• PARS Network – A subnet of the Peercoin network that can mint non-standard transactions without forking the Peercoin. • PeerScript Labs – A testing grounds for developers to experiment with scripts and smart contracts on Peercoin. • P2TH – Tagging a txn using a publicly known address allows for rapid parsing of the blockchain. • Peerunity (Community Client) – GitHub Page – Community developed wallet with added features. • Peerunity Tutorial – A video showing basic functionality of an older version of Peerunity. • Peercoin-QT (Reference Client) – GitHub Page – Basic reference client maintained by Sunny King. • Android Wallet – A Peercoin wallet for Android phones.

• Paper Wallets – Peercoin paper wallet generator. • Exchange List – Buy Peercoin at one of the following exchanges. • Intro to Minting – Introductory information on Peercoin minting. • Minting Guide – A complete guide on how to mint with Peercoin.

• Earn 10 Peercoins! – Earn 10 PPC by setting up a Peercoin full node. • Mining Pools – Choose from a list of various mining pools. • Peer4commit.com – Create, fund projects & earn PPC. • CryptoID Explorer – Peercoin block explorer. • peercoin.mintr.org – Peercoin block explorer.

• PoS Calculator – Minting profitability calculator. • FindstakeJS – A tool to predict stakes.

• Vanity Addresses – Personalize your Peercoin address. • Peercointalk Escrow – Peercointalk escrow service. • Donate to Peercointalk – Help keep PeercoinTalk running by donating.

• Logo Package – Add Peercoin’s logo to your app or website. Why should I mine?? THE HARDWARE Part 1/x. Mining is not everyone’s decision. First you have to decide what you should mine.

Is the first source of comparision about mining gains. • You have to decide how much you want to invest in hardware. Professional miners like Bitmain or Baikal are excellent but quite expensive.

• Technical skilled people can construct their own mining RIG and mine everything they want (See algo below). • And last but not least there is also the possibility to buy mining power by some mining companies. Every coin has it’s own Algorythm (algo) therefor I want to write some examples here: SHA256 – Bitcoin, Peercoin, Digibyte SHA256 X11 – Dash, Smartcoin, Influx, Scrypt – Litecoin, Gamecredits, Verge-Scrypt Ethash – Ethereum, Ethereum Classic, Musicoin Equihash – Zcash, Zclassic, Cryptonight – Monero Groestl – Groestlcoin Qubit – Digibyte-Qubit, Geocoin Sia – Siacoin Neoscrypt – Feathercoin and others • Mining hardware like Baikal (they mine X11 coins) or Bitmain ( SHA256 or Scrypt), or other exotical hardware is made for special algo’s and work only for this. Latest SHA256 miner form Bitmain – the S9 – mines with 13.5 TH/s, which is quite fast, nevertheless a short look at shows that at the moment the best coin to mine is Digibyte-SHA, as it brings 189% more gain than 100% Bitcoin. There you can also see how much you can mine per day with your speed. In this example you can see that with 1 Bitmain S9 Miner you can mine 0.0080 Bitcoins per day, corresponding to almost 10 US$, including power consumption of the device.

In my next example I like to screenshot the latest Scrypt miner also from Bitmain, the L3+ mining with 500 MH/s coparing to the S9 from before: The mining of DGC scrypt brings actually 653% more than Bitcoin a profit of 42.88 US$ per day, revenue of 0.0275 BTC per day! Baikal Miner: Antminer from Bitmain The actual problem here is that this devices are out of stock and only end of September deliverable. You can compare all kind of Algo’s on this site. I can tell from my own experience, that the Antminer (Bitmain) and also the A4 Dominator (Scrypt) from Inosillicon are extremly loud ( you need extra room), produce a lot of heat (problem in the summer) and consume a lot of energy (ca. 1300W/h non stop, means ca.

180 – 230 US$ per month for electricity ). Let’s come to Nr.2 – The RIG: Rig’s are self made devices mining with GPU (Graphic Processor Unit). Selfmade because all components must be bought separately and assembled on a chassis. Here is’t quite important what GPU you buy.

The minimum nowadays are GPU’s with 4 GB RAM or better 8GB RAM, as the minimum size of the Eteherum DAG (the file needed to mine ) is 2.4 GB. There are special mainboards which can handle up to 8 GPU’s parallel. Mostly you get about 70-120 MH/s (for ETH mining) and ca. 1700h/s with Equihash Algo with a single 6-8 GPU RIG.

The power consumption is ca. 1000-1200W per RIG. Here you can see a comparison between Ethash and Equihash (ETH/ETC and Zcash) mining: Whereby Zcash brings more profit than ETH mining. In the next session I will come to Nr.3 about mining on mining provider, and will also explain how much you have to invest to get some profit.

Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate.

Time Frame PPC Coins BTC (PPC/BTC at 0.00042279) USD (BTC at $8,925.20) Power Cost (in USD) Pool Fees (in USD) Profit (in USD) Hourly 0.07976563 0.00003372 $0.30 $0.26 $0.00 $0.04 Daily 1.91437506 0.00080938 $7.22 $6.24 $0.00 $0.98 Weekly 3 0.00566565 $50.57 $43.68 $0.00 $6.89 Monthly 57.4313 0.0243 $216.72 $187.20 $0.00 $29.52 Annually 698.7469 0.2954 $2,636.71 $2,277.60 $0.00 $359.11.