What is GRIN and how to start its mining

What you will see in this article:

• What is this cryptocurrency
• What you need to start mining GRIN
• Features of the currency
• How to mine Grin
• Choosing a wallet for mining
• Pools (pool) for mining
• Algorithm for launching Grin Miner on f2pool
• Profit calculation and how to calculate monthly profitability

What is this cryptocurrency

The king is dead, long live the king! Says an old French proverb. It can be translated into the miner way as follows: “Ethereum mining is in the past, we are launching GRIN mining!”

Popular algorithms have flooded ASIK, it does not matter there will be new mines inaccessible for industrial production. The Grin cryptocurrency is a good example of this statement. Altcoin uses the MimbleWimble blockchain protocol and the new Cuckoo (POW) algorithm.

What you need to start mining GRIN

Everyone is happy with the new coin, both in profit and in the presence of exchanges, but there is one serious drawback. Mining GRIN is possible on GPUs with at least 6GB of video memory, these are the features of the “cuckoo” protocol. There is software for mining on a CPU, but mining Grin on a central processor, like any other cryptocurrency, is unprofitable today.

Devices on integrated circuits are still in the development stage. So, it’s time for the owners of rigs on top-end video cards to start mining grincoin. The competition is not so high, not all prospectors equip mining farms with eight-gig cards. And it is clear why the difference in hashrate is minimal, why pay more?

But alas, in mining Grin on AMD, it is not profitable, but at any time a new program may be released, follow the news, Nvidia GTX can at least 6GB graphics accelerators. True, according to unverified data, it will soon be possible to mine Grin on four-gigabyte cards.

Features of the currency

Grin coin is the most anonymous cryptocurrency. In fact, the “spell of inarticulateness”, as the name of the MimbleWimble protocol is translated in the Harry Potter books, was created for bitcoin. But due to some problems, they decided to test it on the Cuckoo algorithm.

Miners who mine Grin on AMD or NVidia GTX do not pay tribute to the developer, the coin is funded through donations made directly on the site or by purchasing goods from a special online store. By the way, they accept discounted cryptocoins.

How to mine Grin

It is more convenient to get Grin if you have Linux OC installed on your computer. The grin-forum.org site has a lot of information on how to mine GRIN coins on linux. There you can download the Linux assembly EthMonitoringOSv0.3_amd, which is maximally adapted for mining GRIN.

On Windows, green cards are perfectly digging. Grin mining on AMD on Windows OS does not start.

Choosing a wallet for mining

The local Grin wallet only exists for Linux. To download, go to the official website grin-tech.org, click Get started and go to the GitHub service where the Grin wallet and detailed installation instructions are available for download.

There is no local Grin wallet for Windows yet, use the GRIN deposit from the cryptocurrency exchange.

GRIN coin trades 15 stock exchanges, the largest:

• Hotbit — the daily volume of half a million coins, 25% of the total Grin turnover;
• Bkex – there is only one GRIN / USDT pair;
• Bitforex is the third largest trading volume, you can exchange GRIN for BTC and USDT.

Simple registration and verification of your account on the Hotbit exchange will take you about 10 minutes. Since the coin is new and little-known, most users register their wallet on the exchange and immediately sell the coins, fixing the price in BTC.

1. Enter your mail mail and a strong password to protect your account from being hacked. You will need to confirm the mail, an SMS with the code will be sent to the address you specified in the “E-mail address” line. After all the settings, click “Register”.
2. Log in to your account using your details and follow the next step.
3. After registering, go through Google Authenticator. Without additional security, the exchange does not open access to wallets.

Pools (pool) for mining

Servis miningpoolstats will help you choose a mine to generate GRIN coins. Find the Grin (Cuckoo) algorithm and get a complete list of servers.

Where is the best place to mine a grin? Of course, on the most powerful pools. Leading in the list are Chinese services, f2pool and sparkpool. On every GRIN mining pool, registration is required.

To register, you will need mail and a mobile phone to confirm that you are not a robot.

Mining software

Official software Grin miner, also works only on Linux and Mac OS X. Suitable for mining GRIN on AMD and Nvidia GTX.

The new Bminer issue works with the Grin coin. The utility is closed source and has a 2% commission. Also, the latest release of NBMiner is used as a Grin miner.

For Windows, download Bminer Equihash / Ethash / CuckooCycle miner for AMD / NVIDIA GPUs 14.0.0 (Do not download the program from third-party sites).

The GrinPro Miner is already available for download. The development team announces their intention to solve the problem with the launch of GPUs with 4GB memory, but in the 1.1 version of the software, the result was not achieved.

Algorithm for launching Grin Miner on f2pool

• Download and unzip Bminer.
• Download and install NET Core 2.2 Runtime & Hosting Bundle for Windows (v2.2.1), without it the Grin miner will not start.
• Unpack the miner and modify the “mine_grin” file. When you change the file, you will need to change the worker name (login on the pool) and the farm name (you can do anything)
• If the setting is done correctly, the miner will work in normal mode and find “Accepter share”

Profit calculation and how to calculate monthly profitability

Grin mining profitability will help to calculate coincalculators.io. We find a coin in the Coins section, enter the hashrate of the video card and the cost of electricity in your region into the calculator.

The Grin cryptocurrency is a very peculiar virtual asset. Many revolutionary ideas have been implemented in this project, and if the coin withstands the competition, it will be the beginning of a new era in the market of means of payment. In the meantime, this is an interesting and profitable altcoin for mining professionals. Unlike many scams, which are easy to get, but hang in orders for months, GRIN trading is brisk.

So whether Grin will become a new pillar of the cryptoindustry or will sink into oblivion is not so important for a miner. Do not believe in a bright future for GRIN coins, so sell it on the exchange, who want to buy more than enough. A linear emission coin that helps solve scaling problems and hide transaction amounts is a very interesting innovation. What will happen to her next? Wait and see.