How To Set Up Decred DCR Mining

How To Set Up Decred DCR Mining Rating: 8,9/10 3716reviews

Decred is a new currency that has been developed by the same people that brought you Bitcoin. Find out how to start mining today! Dec 03, 2016 Best Mining Pool. Discussion in 'PoW. Pretty much all the DCR pools have a 1% fee right now. It is trivial to set up a pool and scam people. Help setting up decred and eth. Question Is DCR solo mining is so stupid for. I wish there was a tutorial/best practise guide about how to set up solo PoS mining.

How To Set Up Decred DCR Mining

More How To Set Up Decred DCR Mining videos. Best Mining Pool. Discussion in 'PoW. Pretty much all the DCR pools have a 1% fee right now. It is trivial to set up a pool and scam people.

Welcome to r/ Decred Decred (Decentralized Credit) is an autonomous cryptocurrency with a system of community governance integrated into its blockchain. If you are new to Decred, be sure to read an or a if you want to dig deeper. Decred Community Resources • & • • • • • • & • • • Downloads (v1.1.2) Core Software: • • GUI Wallets (bundled with dcrd/dcrwallet): • - For Windows, macOS and Linux. 3rd Party Wallets: • - For Windows, macOS and Linux Officially Supported Miners: • - CUDA/OpenCL miner for AMD/NVIDIA GPUs.

Other Miners: • - CUDA miner for NVIDIA GPUs. • • - OpenCL miner for AMD GPUs. Exchanges You can buy or sell DCR at: • • • (no account needed) • (can buy with fiat; higher fees) • • (can buy for EUR) • (decentralized exchange) AMA (Ask Me Anything) Events: • see for an overview. Related Subreddits: • • • • •. Just fyi, PoS just requires a running wallet to vote. Running a public node is a separate choice and does not earn you anything but respect.

Infact for security you should NOT use a PoS wallet as a public node. That being said, I encourage you if you have the desire and can spare the hardware and bandwidth go for running a public node. I run a full public node from my home network. Uses upwards of 50GB of data per month.

Then I run a second private double firewall / nat secured instance of the dcrd node daemon and dcrwallet daemon for my PoS voting. Post sdiff upgrade, the difference payout-wise is miniscule between using a stakepool and solo staking. It'd be great if everyone ran their own solo staking node, but you need to be very certain it's online 24/7 and well-connected. It's inherently a specialized task, as even a Dockerized version would require deploying and keeping up with server monitoring and node upgrades. And once more stakepools go zero fee, there will be even less of a reason to run your own node.

IMO more stakepools need to go zero fee and upsell services. I suspect we will see precisely this when dcrstats.com launches their own prediction market token; an additional UI would need to be built out for it. A similar thing would need to happen if we launched Ethereum as an embedded ledger on top of Decred. • • • • • • •.

Decred isn't like dash or other coins, we don't have masternodes. Our Proof of Stake system, you lock coins to obtain lottery tickets for voting on blocks. When your lottery ticket is drawn your wallet (or pos pool) votes and you are given a small 1.4 coin reward for voting and then your locked coins are released so that you can choose to spend them or relock to get another ticket. Profit is pretty simple to calculate. Current 'cost' (go see for up to the minute values) of a ticket is 67.88 DCR, the reward is currently 1.4307 DCR.

Reward / cost * 100 = profit percentage 1.4307 / 67.88 * 100 = 2.11% • • • • • •.

A quick reminder that in a few hours the official launch of, a new interesting PoW/PoS altcoin is happening. Decred is currently running on testnet with the official launch of the mainnet planned on 12:00 PM CST February 8th, 2016 – you can watch. Here crypto currency uses Blake256 14-rounds algorithm for mining and there is a cgminer fork () already available, though currently only getwork is supported and not stratum.

The cgminer for Decred GPU mining is available below, compiled for 64-bit Windows, ready for mining solo or on some of the mining pools for DCR. This cgminer works on both AMD and Nvidia GPUs as the currently available ccMiner forks from tpruvot and sp do not yet have support for Decred even though they do have support for Blake256 14-rounds algorithm. List of mining pools for Decred (DCR): – – – – – – – – List of exchanges to trade Decred (DCR): – – – – If you manage to catch the official launch it is better to start by solo mining with a local wallet as this might be more profitable at the start and then switch to some of the available Decred (DCR) mining pools. Browser Based HTMLCOIN HTML Mining on this page. This might be a bit of a challenge however as there is no yet a GUI wallet for the coin, so you will need to use the console version of the wallet to make things work before you are able to start mining solo. There are already binaries available for the wallet, but they are password protected and the password will be posted at the coin’s launch. So you have a few hours to get everything downloaded and ready for the official launch, you can even test on the testnet before the launch of the main network to make sure everything is working properly.

Is a new open, progressive, and self-funding crypto currency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013. Decred development started in April, 2014 with a single developer and expanded to include developers from btcsuite shortly thereafter. Decred is currently running on testnet preparing for the launch of the mainnet on 12:00 PM CST February 8th, 2016. There crypto currency uses Blake256 14-rounds algorithm for mining and there is a cgminer fork () already available for testing, though currently only getwork is supported and not stratum. The cgminer for Decred GPU mining is available below compiled for 64-bit Windows ready for testing on some of the few currently available mining pools that also run on the testnet (will be switching to mainnet after the official launch).

The cgminer works on both AMD and Nvidia GPUs as the currently available ccMiner forks from tpruvot and sp do not currently work with Decred even though they do have support for Blake256 14-rounds mining. Trying out the cgminer for Decred (DRC) on an Nvidia GeForce GTX 970 has shown an average hashrate of about 1.3 GHS and trying the miner on an AMD Radeon R9 280X has shown a hashrate of about 1.3 GHs as well with both runningn at stock frequencies. There is already quite a lot of interest and a large community forming around the Decred crypto currency even before the official launch, so this is something that is worth checking out if you still have not heard about it. Also make sure you get ready for the official launch of the coin on Monday.

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