how to mine ckb?best ckb asic miner

What is CKB

Nervos Network(CKB) is a blockchain platform which consists of multiple blockchain layers that are designed for different functions. The foundational layer is known as the Common Knowledge Base, whilst the native cryptocurrency of this layer is called CKB. This foundational layer uses a proof-of-work consensus model. Smart contracts and decentralized applications can be deployed on any layer.

Creator

Nervos Network(CKB) was founded in 2018 by Jan Xie, Terry Tai, Kevin Wang, Daniel Lv, and Cipher Wang.

Issue Date, Issue Quantity and Issue Price

The first issuance of CKB Coin took place in November 2019, when a total of 2.1 billion CKB Coins were issued. During the birth of this digital currency, there were many institutional and individual investors who participated and contributed significantly to the development and promotion of CKB Coin.

The initial issue price of CKB Coin was $0.01, which is relatively low, but is actually a market price. In the early stage of CKB Coin’s issuance, the price is relatively low due to the lack of market transactions.

Over time, the price of CKB Coin has gradually increased, and its price is not only related to market demand, but also to the promotion and development of the project. As Nervos Network has been continuously improving and developing, the price of CKB Coin has been steadily increasing, and has become a popular and highly valued type in the digital currency market.

Overall, CKB Coin was issued at a low price, but its actual value is the result of the market’s own pricing. As time goes by, the price of CKB coins is getting more and more attention from the market and is becoming a highly sought after variety in the digital currency market.

CKB ASIC Miner Leaderboard

ModelReleaseHashratePowerEfficiency
bitmain-icon  Bitmain Antminer K7Jan 202363.5Th/s3080W0.049j/Gh
ibelink-icon  IBeLink BM-N3Dec 202225Th/s3300W0.132j/Gh
goldshell-icon  Goldshell CK6Dec 202119.3Th/s3300W0.171j/Gh
goldshell-icon  Goldshell CK-BOX 2Dec 20222.1Th/s400W0.19j/Gh
goldshell-icon  Goldshell CK LiteMar 20226.3Th/s1200W0.19j/Gh
goldshell-icon  Goldshell CK6-SEDec 202217Th/s3300W0.194j/Gh
goldshell-icon  Goldshell CK5Mar 202112Th/s2400W0.2j/Gh
goldshell-icon  Goldshell CK-BOXJul 20211.05Th/s215W0.205j/Gh
bitmain-icon  Bitmain Antminer K5Apr 20201.13Th/s1580W1.398j/Gh

How to Mine CKB

Step 1- Planning

If noise and space constraints don’t concern you, high capacity machines such as Bitmain Antminer K7, iBeLink BM-N3, Goldshell CK6 should suffice.

But for quieter mining experiences try Goldshell CK-BOX 2 or Goldshell CK LITE models instead – each offers plenty of mining potential without taking over too much room in terms of noise generation and consumption.

Once you’ve selected your model, check whether electricity costs in your region are competitive.

Free tools such as Mining Calculator may help you understand costs while calculating returns and payback periods more accurately.

Step 2- Establish Your Wallet Once

CKB have been mined and sent from mining to you, they are delivered directly into a Nervos address specified. Creating this address involves installing wallet software and giving an address a specific name.

  1. Nervos Foundation offers desktop wallets which act as full nodes – downloading all the Nervos blockchain automatically in the background for security, though full node wallets take up considerable disk space and take 72 hours or longer for initial sync up.
  2. There are numerous other wallet options available, with Nervos Community Maintainer having one of the more comprehensive solutions (https://linktr.ee/thirdpartywallets).
Step 3- Selecting a Mining Pool

Selecting a mining pool is one of the most crucial parts of mining; not only is it important for profitability and the health of decentralized blockchains (which could become vulnerable to 51% attacks when too much arithmetic concentration occurs in one pool), but selecting various mining pools also aids decentralization efforts by decentralizedizing more of your arithmetic processing power across them all. When choosing one or two more “decentralized” mining pools as they will assist with dispersal efforts throughout their operations.

Large mining pools tend to receive rewards faster, prompting miners to spend faster; however, their spending amounts will tend to be smaller as you refer to some portion of the pool at any one time. Smaller mining pools, on the other hand, spend at a slower pace each time with larger payments each time; theoretically speaking, their rewards should roughly equalize over time.

Considerations when Selecting a Pool

Mining pool fees usuaIts Pool Fees:

lly range between 1-3%. In addition to percentage-wise fees, payment systems also need to be considered when making this selection.

Transparency:

Most pools provide metrics and charts that allow users to easily evaluate how well the pool is doing, making dishonest pools less likely to claim they offer low fees yet still take an unfair share of mining rewards. Transparent pools tend to reduce this possibility.

Security: Any pool worth its salt must boast an established track record and the capacity for successful payouts, especially since you entrust their earnings with them and poor security could see some or all of it evaporate from their account.

Proximity:

Pools that are closer to your location often tend to offer better payouts due to PoW being inherently about finding answers quickly; closer proximity leads to faster communication between participants which in turn could yield slightly increased payouts.

An integral component of mining is safeguarding network integrity. Any successful 51% attack would likely reduce profitability for all miners; that is why we strongly suggest performing your due diligence when choosing a pool and supporting smaller pools to promote decentralization and maintain decentralized networks.

Steps and settings required for creating a pool account will depend upon which pool you join; details regarding their offerings will be made available directly by them.

Here are a few additional helpful resources that may provide more details regarding hashrate, fees and features available from some pools that support Nervos:

  • https://miningpoolstats.stream/nervos
  • https://minerstat.com/coin/ckb/pools
  • https://wheretomine.io/coins/nervos

Set Up and Configure Your CKB Miner

Once you’ve assembled your miner, wallet address and pool account you are ready to begin mining. However if this is your first experience installing one there are a few things that need to be checked beforehand if this is your first go at setting one up.

Carefully examine your miner for damage before shipping overseas, since equipment can easily become damaged during transport.

Verify the area for loose items like paper and plastic bags that could lead to overheating that results in decreased performance or hardware damage. Most miners use powerful fans which may become blocked easily, leading to overheating that leads to poor performance or even permanent hardware damage.

Once your miner is operating, take note of its temperature as well as that of any nearby power cables on a regular basis. While miners tend to become warmer over time, hot miner or cable temperatures could signal ventilation issues which could eventually cause fire damage.

All miners offer different user interfaces and procedures for setup and configuration; most will follow these general steps:

  1. Connect network and power cables.
  2. Locate IP Address.
  3. Access admin Panel from Web Browser.
  4. Check updates to firmware version on miner
  5. Reconfigure Your Miner for Pool Settings. Once these steps have been taken, your miner should be running; sometimes this may take several minutes; within 10-15 minutes however its activity should become visible within your pool dashboard.

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