HOW TO MINE PROTOSHARES
Introduction
Introduction
Over the last few months there has been a lot of talk about Protoshares. Protoshares is a CPU-mined coin, which uses a new Proof-Of-Work (POW) algorithm called Momentum , designed to resist GPU and ASIC implementation. This is to keep mining power in the hands of small miners, securing the network against majority attacks. It’s currently traded on exchanges as Bter, Cryptsy and Btc38.
Not just a coin itself, the coin is used as a start-off point for new coins that are developed by Invictus Innovations, for example the new Memory Coin 2.0 (MMS). If you own PTS, then your stake gets mapped on the launch of the new coin. As it’s a CPU coin, you can mine them on powerful servers. This guide tells you how to do this on Digital Ocean cloud servers.
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B: Enter credit card details or charge the account $10 dollars using PayPal.
C: Fire up a 2 CPU/2GB droplet, choose a location, and pick the latest Ubuntu Linux.
Login with the user “root” and the provided password in your email.
Now copy or type over the following commands:
A. Shut down the droplet you want to clone.
B. Select the droplet in the digital ocean management panel.
C. Click on snapshots.
D. Enter a name and click on snapshot!
E. If you fire up a new droplet, pick the same location, go to images and select your snapshot.
F. Don’t forget to fire up the miners with the command above!
You can mine with multiple machines on one address.
See your earnings online here:
Not just a coin itself, the coin is used as a start-off point for new coins that are developed by Invictus Innovations, for example the new Memory Coin 2.0 (MMS). If you own PTS, then your stake gets mapped on the launch of the new coin. As it’s a CPU coin, you can mine them on powerful servers. This guide tells you how to do this on Digital Ocean cloud servers.
Step #1: Sign Up for Digital Ocean
A: Use one of the following codes to start off with $10 free!thechangelog10, divein10, holidayssd
B: Enter credit card details or charge the account $10 dollars using PayPal.
C: Fire up a 2 CPU/2GB droplet, choose a location, and pick the latest Ubuntu Linux.
Step #2: Setup a PTS wallet
Download the Protoshares-QT wallet if you did not do this already. Install, let it sync, and secure the wallet with a good password.Step #3: Setup the Server
You now receive an email with an IP address and a password. Install Putty or use SSH and connect with your brand new virtual server. Accept the SSH key if Putty asks.Login with the user “root” and the provided password in your email.
Now copy or type over the following commands:
apt-get update && apt-get install yasm -y git make g++ build-essential libminiupnpc-devThat set up the tools needed. Next up, compile the miner:
apt-get install -y libboost-all-dev libdb++-dev libgmp-dev libssl-dev dos2unix
cd ~ && git clone https://github.com/thbaumbach/ptsminer && cd ~/ptsminer/srcNow let’s fire up the miner!
make -f makefile.unix && cd ~
screen -S ptcWhen you reconnect to the server type:
cd ~/ptsminer/src && ./ptsminer <enter here your PTS address from the wallet> <enter here your number of CPUs>
screen -dand you will see your miner process running.
screen -r
Step #4: Copy your Droplet
Digital Ocean supports cloning of droplets with snapshots.A. Shut down the droplet you want to clone.
B. Select the droplet in the digital ocean management panel.
C. Click on snapshots.
D. Enter a name and click on snapshot!
E. If you fire up a new droplet, pick the same location, go to images and select your snapshot.
F. Don’t forget to fire up the miners with the command above!
How to Find out Your Earnings
The mining pool will automatically pay out at 0.2 PTS. This will appear in your wallet.You can mine with multiple machines on one address.
See your earnings online here:
http://ptsweb.beeeeer.org/user/ <your PTS address>Happy mining!
