Beginner’s Handbook: Navigating the Musicoin Mining Process via a Mining Pool

Musicoin While intriguing in concept, this blockchain represents a pioneering move tailored specifically for the music sector, easing the complexities around licensing and consumption. This initiative empowers artists to distribute and license their tracks while ensuring rapid payments, which can be seamlessly split among band members, producers, or songwriters. view the full whitepaper here Explore further for an in-depth technical understanding of the operation.

Mining this digital currency kicked off in March, with MUSIC ($music) initially climbing to roughly $0.004 and currently holding steady at $0.018211. Music currently trades on Bittrex and Cryptopia .

Should you perceive this venture as promising and are eager to mine it with your personal computer, this entry-level guide offers a comprehensive walkthrough. It covers creating a wallet, joining a mining pool, and setting up your mining software efficiently.

Musicoin Wallet

To embark on Musicoin mining, your initial task is setting up a wallet to manage your assets. The simplest route, if you're already on an exchange like Bittrex, is to create a wallet there. Mine the coins directly to this wallet, capturing the address for eventual mining software configuration.

You can also create a web-based wallet To securely store your coins, register with your email and press 'request code.' You'll receive a code by email to finalize your account setup. Once logged in, navigate to your profile to locate your wallet address.

Alternatively, consider downloading wallet software directly to your machine. Available for download in Windows, Mac, or Linux formats here, If pursuing this option, ensure you backup your wallet securely keep this data, possibly on a thumb drive or similar storage.

Given that Musicoin exists as an Ethereum token, crafting an Ethereum wallet is also viable. The simplest tactic involves MyEtherWallet .

Mining Software

With your mining address ready, proceed to install relevant mining software on your computer. Your choice of software hinges on the graphic card type utilized. Testing mining a pool on my GTX 1080, I amassed about 60 Musicoins within 24 hours. use the calculator located here .

Here lies a roundup of the mining software available for Musicoin. Choose, download, and install according to your graphic card needs.

Claymore’s Dual Ethereum AMD+NVIDIA GPU Miner v8.0
https://bitcointalk.org/index.php?topic=1433925.0

AMD Radeon Software Crimson Edition drivers release build 15.12
http://www.guru3d.com/files-details/amd-radeon-software-crimson-15-12-driver-download.html

AMD Radeon Software Crimson Edition version, driver 16.11.3
http://www.guru3d.com/files-details/amd-radeon-software-crimson-16-11-3-driver-download.html

MSI afterburner
https://www.msi.com/page/afterburner

Sapphire TRIXXX
http://www.sapphiretech.com/catapage_tech.asp?cataid=291&lang=eng

Post installation of mining software on your device, a critical next step is creating a .bat file for software launching and linking to your preferred mining pool. Open notepad and save your file under the mining software directory, ensuring the .bat extension by changing 'save as type' to 'All files.'"); "Solo-mining Musicoin is an option; consider

Mining Pools

this guide if solo-mining is your preference, though mining pool joining often ensures steadier returns. Below is a summary of potential Musicoin mining pools. the guide located here After choosing a mining pool, locate the 'Help' or 'Getting Started' sections for the necessary .bat file input details. In Nom Nom, for instance, these are on the homepage for Claymore Miner:

• https://musicoin.miningpoolhub.com/
• http://213.154.202.174:3330/
• http://musicoin.miningclub.info/
• http://musicoin.trustfarm.io/#/
• https://gmc.epool.io/
• https://music.2miners.com/

Enter the line: EthDcrMiner64.exe -epool musicoin.nomnom.technology:9999 -ewal <Your_Ethereum_Address>.<RigName> -epsw x -ethi 8 -allcoins 1 -esm 0 -allpools 1

setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
Input that snippet into your .bat file, remembering to replace <Your_Ethereum_Address>.<RigName> with your Musicoin address and your rig name if preferred. For instance, my configuration looks like:

EthDcrMiner64.exe -epool musicoin.nomnom.technology:9999 -ewal 0x344253ce2313e0f9680d19a557781baed83a578d -epsw x -allpools 1 -allcoins 1

Initiate your .bat file to link your PC to the pool and commence mining. You'll observe green highlights upon discovering a share, alongside data like hash rate, fan velocity, and card temperature.

To monitor real-time stats, enter your Musicoin address into the relevant box on Nom Nom’s homepage to view hash rate, coin count, payments, and the like.

By adhering to our complete tutorial, you can promptly get underway with Musicoin mining. Don’t hesitate to ask questions in the comments.

Conclusion

Founding Editor of Blockonomi and creator of Kooc Media, a UK-based online media entity. Advocate for Open-Source Software, Blockchain Technology, and a universally accessible, equitable Internet.

Useful Links

• Official Musicoin Website
• Bitcointalk Announcement
• Github
• Coinmarketcap