Hi,
Just wanted to share info about this technology called
Proof of Proof mining / POP Mining. First things first, some links:
https://veriblock.org/labs/btcsq/BTCSQ Uses VeriBlock’s Decentralized, Trustless, Transparent, and Permissionless (“DTTP®”) Proof-of-Proof® (“PoP®”) Mining Protocol
BTCSQ is Secured Against 51% Attacks Using Bitcoin’s Full Mining Power.Some wikipedia info. Some old info, haven't been fully updated yet. BTCSQ went to Mainnet Last Friday after extensive beta phase period.
https://wiki.veriblock.org/index.php/BTCSQOriginal Bitcointalk Bitcoin Squared -thread:https://bitcointalk.org/index.php?topic=5376079.0Best thing about POP-mining is that it doesn't need much CPU or GPU power, you can still use your computer for other tasks or CPU / GPU -mining.
Join us on Discord:https://discord.gg/wJZEjryHere is a quick guide how to start POP-mining.
1.Download Package:https://mirror.veriblock.org/BTCSQ-master-734a3a0-win64.ziphttps://mirror.veriblock.org/BTCSQ-master-734a3a0-linux-x64.zip2. Extract zip
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NODECORE.3. Go to nodecore-0.4.13-rc.8.dev.1 -folder.
4. Run download_mainnet_bootstrap.bat . Downloading takes 1-3 hours depending on your bandwidth.
5. When the download is complete, Go to nodecore-0.4.13-rc.8.dev.1\bin and run nodecore.bat
6. Let Nodecore sync. When it's synced you should have local block number the same as network block number.
7. let Nodecore run on the background background
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BTCSQ -wallet
8. Go to \BTCSQ-master-734a3a0-win64\BTCSQ-master-734a3a0 -folder
9. run start-btcsq-qt.bat
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POP-MINER
10. go to BTCSQ-master-734a3a0-win64\altchain-pop-miner-0.4.13-rc.8.dev.1\bin
11. edit application.conf
- feePerByte: 1000 *Higher the value the better chance you have to do successful POP-minin. Total transaction fee is calculated following way = 256 x fee per byte, In example 256 x 1000= 0.00256 vbk.
- autoMineRounds: [4] Default setting only mines round 4, which is every 20th block. I use [1,2,3,4]
See
https://wiki.veriblock.org/index.php/HowTo_run_PoP_Miner - for more setup info.
round4 = every 20th block, i.e. keystone (highest reward)
round1 = 1,4,7,10,13,16,19
round2 = 2,5,8,11,14,17
round3 = 3,6,9,12,15,18
payoutAddress: "INSERT PAYOUT ADDRESS" .* Get your payout address from BTCSQ wallet.*
id: 252980111103 *Leave this as it is. *
12. Run altchain-pop-miner.bat. You will see VBK-address displayed on the screen. Same address can also be found in mainnet.vbkwallet -file which you can open in Notepad after the first run.
13. Fund VBK address, minimum is 10vbk. Go to
www.bittrex.com and buy VBK. Another option is to OTC trade. You can also GPU mine VBK to fund your POP-mining.
One decent GPU gives you enough VBK-for POPing.
Mining pools for VBK:
https://miningpoolstats.stream/veriblockSupported miners: T-rex, Wildrig. Algo Progpow-veriblock.
14. That's it, you are now POP-mining!