To begin mining, make sure that you have downloaded a wallet. You will need a unique t-address for mining. Download Here
Infinity Nodes (INs) are CRYP’s adaptation of ‘Masternodes’. They add stability
and security to the blockchain and create a passive income for the IN owners.
INs have additional benefits and security for their owners. Upon announcement,
an Owner and Operator are specified. The Operator generally refers to the IN
host wallet, whereas the Owner can be a wallet stored elsewhere such as a local
desktop wallet. This means that the collateral can be sent to an owner’s local
wallet where is it locked away whilst the IN remains active and not stored
possibly outside of their hands.
Rewards can be divided between Operator and Owner wallets if required. The
rewards (2.5859 CRYP per block) are cycled through the active INs, so not each
block will pay you a reward but over a day the predicted amount is earned.
CRYP rewards are not transferable immediately, they must pass through the
shielding protocol (check your wallet for information)
Infinity Node facts:
* A voting pool of 32 active INs is needed for dPoS to be active (current total
exceeds this, dPoS is live!)
*1,000,000 collateral required to announce an IN (+ announcement fee – burned
on creation of IN)
* 576 blocks per day
* Block reward 50% mining 50% Infinity Nodes
* 47664 CRYP distributed amongst Infinity Nodes per day
3 main methods of hosting an Infinity Node:-
Subscribe to a bespoke hosting site
Check out coinhost.io/cryp.html
Subscribe to a VPS with suitable specs and run a docker
container for the node.
Subscribe to a VPS with suitable specs and run the
crypticcoin node software without docker
Always on Server
4Gb RAM (minimum)
Dual core CPU
Below is a list of some key community run CRYP pools. Please check out the hash rate of each and try to balance the hash rate to keep the blockchain secure.
What is Mining?
Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. Each time a cryptocurrency transaction is made, a cryptocurrency miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction. The mining process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions that are associated with a block containing the transaction data.
The first cryptocurrency miner to crack the code is rewarded by being able to authorize the transaction, and in return for the service provided, cryptominers earn small amounts of cryptocurrency of their own. In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.
Source webopedia By Forrest Stroud