Hello everyone, This is my first blog on steemit.
As most of you may know PIVX is a POS (Proof Of Stake) Coin what that means is that it cannot be mined directly however through a multipool such as http://pivx.cryptopool.io you can mine using 3 various algorithms, You will automatically mine the most profitable coin and it will automatically be converted into PIVX and sent to your PIVX wallet address :)
So here is my tutorial:
Firstly these are the things you will need:
1.) Mining software such as CGminer and the required hardware such as a GPU or Antminer Or alternatively rented hash from companies such as nicehash.com
2.) A PIVX wallet such as PIVX-Qt which you can get from https://pivx.org/wallet/
3.) A PIVX address which you will use as the user in the mining configuration
Once you have all of that make your way to http://pivx.cryptopool.io which is the official link to our PIVX mining pool, In the page you should see all our various mining method configurations.
So copy and all the pool information into your rented mining website or if you are using CGminer like myself you will need to do the following procedure:
1.) Assuming you are on Windows Open up CMD . Enter the command CD and paste the directory of where your miner is, for example "CD C:\Users\jeffrey\Desktop\miner" and press enter
2.) cgminer.exe -o stratum+tcp://url -u workername -p password is the command you should use , you must amend it with the algorithm that you prefer such as my command here: " cgminer.exe -o stratum+tcp://pivx.cryptopool.io:4445 -u DNvVYrivLgxFJ7rWk8Lk9f7VYfoZYn1xYr -p x "
3.)Press enter and the mining should begin and should look something like this:
You should be successfully mining right now, you can track your payouts on http://pivx.cryptopool.io/miner/YOURPIVXADDRESS
NOTES:
Your username will be your PIVX address
Password can just be set as X
The pool will update and show mining updates every 10 seconds
If you have had any problems mining your PIVX or if you have any questions please ask them in the comments below, I am always eager to assist.
If you enjoyed my blog and find my tutorials useful and would like to give back:
PIVX: DBT3PdoJgXgY5T1oLUnqXv6TrnWrKk4zBD
BTC : 14zZr1UzZcatst8vhr2XgFieAwxK1pfZHG
Thanks for this, great gains to be had for Pivians.Upvoted and Resteemed via the pre-official PIVX steemit account.
Awesome! appreciate the read. PIVX is headed to some amazing places :)
Hi @pivx!
great Vid, Tip Holla send
Thank you very much :) let me know how it goes with the mining
did u check Atomic coin? look very interesting
Tell me more about it :)
the POSWallet is brilliant, u better have a look, there are some good coins to stak POS just in case u never know, POSW is actually a good one to have is like kind of PIVX, u win obviously with the rise in price but also staks too and very well, im in love with PIVX POSW and other coins that u can sell there, so u may open an account and look around, im 100% sure that u will love it! poswallet exchange, is such of great project.
I have looked into POSwallet and i love what they are doing. But i am always paranoid about safety :) If they had a way for users to keep their private keys etc would be great. however i will try it
Thank you for the tip
Anytime :)
Good post. Thanks for bringing this to my attention. I'm not sure if coins are that high risk. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. An interesting website I found: https://www.coincheckup.com Complete Coin analysis about the team, product, communication transparency, advisors and investment statistics.