How To Set Up A Electra ECA Miner
More How To Set Up A Electra ECA Miner videos. Topic: [ANN][ECA] Electra ⚡ POW/POS NIST5 Super. Money and time mining for some moron's ego. It is obvious that this has been set up by a. “There are still a lot of things we need to set up on surface for them to be able to support them in mining.” To prepare the surface, Newmont hired contractors to construct support facilities. The site will include a cement mixing batch plant, metal screening plant, long- and short-term storage areas, a shop and warehouse, and a changing facility.
More detail: Electra is a digital currency with the purpose of creating a demand surge by drastically changing block rewards. Electra has a 'Super Rewards Bonanza' stage between blocks 0, where 95% of the proof-of-work segment will be mined in 24 hours.
The decentralization aims to create a “gold rush” effect where swarms of miners will seek to mine Electra during a very short window of opportunity through increasing participation. The initial low reward blocks will enable miners to fine-tune their equipment, setup pools, spread the word, experiment with transactions and deal with issues which come across in preparation for the Super Rewards Bonanza stage. With the aim of encouraging the saving and purchasing Electra after the Super Rewards Bonanza stage, there will be a%50 POS reward rate for one year.
To be available for rewards from the Super Rewards Bonanza, all you need to do is mine Electra during these blocks. Electra utilizes NIST5 as its hashing algorithm which is a combination of the finalists and winner of the US National Institute of Standards and Technology hash function competition.
Also this is handy: A simple guide to get your wallet synced and ready to stake! Section 1: Getting your wallet installed and synced 1). Close your wallet if it is open and skip step 2 - 3 2). Download the wallet here: If your on Windows download Windows, if you're on Mac download Apple 3).
Install the wallet! I recommend the default location on the C: drive.
Download this updated.config by drag and dropping it in this directory: C: Program Files (x86) Electracoin Electracoin wallet 5). Now open your wallet and wait around 5 minutes for you to start syncing to the server. Section 2: Encrypting your wallet and backing it up 1). On your wallet go to Settings >Encrypt Wallet You will have to make a password! This can also take some time to encrypt!
Once your wallet is encrypted get a USB flash drive and plug it into your PC. On your wallet go to File >Backup Wallet Now save it on your USB flash drive! Now Eject your USB through the system tray and then physically remove the USB from your PC. Now go put it in a safe location! Section 3: Setting up to stake 1).
On your wallet go to Settings >Unlock Wallet A prompt will come up, make sure there is a tick that is checked saying (Only unlock for staking). Now click 'OK' after entering your password~ • Now you are connected to the network to stake! • It takes proximally 24 Hours for your coins to mature! • Once your coins mature you will start gaining weight which means you will be gaining more ECA per payout • • • • • •. When you say copy, do you mean backup? The backup is there that holds keys and the data.
Just making sure you only have 1 wallet correct? No, no maintenance is required. Although the new wallet will be coming out q1 which is much better designed and easier to use.
When that gets released you should be able to use your backup to restore your new updated wallet, or you can send your coins to the new wallet address. If the wallet crashes your coins should still be there. You can close and open your wallet as you go. Just make sure you remember your password and encrypt the wallet as mentioned. Literally follow the guide above and you can’t go wrong:) • • • • • • •.
Thank you for this response, this is so helpful to new guys like me who haven’t really invested in a coin before. So you’re not actually making a copy of the wallet file - you’re just using the backup function within the wallet to save the keys?
For some reason I thought you could copy/paste the actual wallet file onto a usb and you’d essentially have 2 copies. I’m sorry, very new to this. As a final question, for the most safety would you recommended keeping half your eca shares on coinsmarkets and half in the wallet, or on a paper wallet? Are paper wallets safe too?
You’re the best! Thank you so much for the information sir. • • • • • • •.