A Step by Step Guide to Pool Mining Cardano ADA Coins in 2021 with a CPU!
Sometimes mining can seem to be too complex for the average computer user, so I thought about putting together a quick guide to get you excited about mining cryptocurrency and Cardano ADA in particular.
Anyone can start mining Cardano with any computer in under 5 minutes with this guide, regardless of your technical skill level you will be able to increase your crypto knowledge and start mining ADA with your CPU today!!
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.
What I like about Cardano and maybe you will too, is the fact that transactions are around $0.4 USD. This is considerably cheaper than other blockchains like Ethereum.
You can also easily Stake your mined ADA so you get a reward at an excellent annual return percentage thus increasing your ADA daily!!
Please take a moment to learn more about Cardano in the official site: Cardano
Okay, let’s get you started!
STEP 1: Get yourself a Wallet.
For Cardano Wallets you have options like Daedalus Wallet or the Yoroi Light Wallet for Cardano. These two are my favorites, other options might include Exodus or Atomic wallet.
Once you get your wallet, copy your public Cardano Address to be used in the next step.
Download XMRig from the official site or the Github repository.
Xmrig Github Releases
Once you download the .zip file, extract it into any location on your computer.
Inside the XMRig folder, locate a file usually called “pool_mine_example.bat” and edit it’s contents.
After editing it should look something similar to this:
xmrig.exe -o rx.unmineable.com:3333 -u
ADA:addr1qy42ygwlj6ucm4ytq797tj0wq58umquvgnkwga403wf5ufpskt9grwjm26j7ucsu8tldt8yk33yjvkhrth3e6mfxhu8qurassa.wkid01#e4xd-wmzl -p x
In the second line after the -o you can see the Pool URL, in this case all you have to do depending on your location is to use one of the following URLs (select the one closer to your location).
Then, the third line is where you will enter your wallet’s public address (copied in STEP 1), place it after the ADA: and before the first dot “.” .
The general structure of the address needs to be:
[COIN]:[Wallet address].[workerID]#[Code to lower mining fee]
The workerID is any name you want to give to each computer where you are running the miner so it can easily be identified later on under the pool stats.
The code after the # is important because mining with that code will drop the Mining Fee from 1% to 0.75% (it makes a difference). You can start mining using that code e4xd-wmzl
Run the file as an administrator.
At this point you are already mining Cardano!!
STEP3: Let’s check your mining Stats in Unmineable
Unmineable.com is a mining Pool which allows you to mine with your CPU using RandomX and pay you in any coin you select.
Remember when you set up the address inside the XMRig config file ?
Well, there you just let Unmineable know the coin you want to be paid in, in this example ADA and then the address where they will transfer the mined coins.
In order to check your balance, log into Unmineable and then select the coin you want to mine. In this example, ADA.
Then you can select the Tab that reads RandomX and enter your address in the box that reads “Enter your address to check your stats:”.
After doing this you will see the balance on your account and you will even be able to request a payment.
Congrats, you are a miner now!