Embarking on the journey of cryptocurrency mining? A beginner-friendly, highly efficient software you may want to consider is lolMiner. This guide is your roadmap to understanding what lolMiner is and how to set it up to mine various cryptocurrencies.
Introduction to lolMiner
Developed by Lolliedieb, lolMiner is a multi-coin mining software that supports a range of cryptocurrencies, such as Beam, Grin, and Zelcash. Unlike graphical mining software, lolMiner operates through a command-line interface. Whether you’re using a Windows Command Prompt or a Linux console, this software can easily be launched and managed.
Supported Algorithms, DevFees, and Corresponding Coins
Autolykos V2
- DevFee: 1.5%
- Coin: Ergo
BeamHash Series (I, II, III)
- DevFee: 1.0%
- Coin: Beam
Cuckoo & Cuckaroo Series
- DevFee: 2.0%
- Coins: Grin (Cuckaroo29, CuckarooD29, CuckarooM29), Cortex (Cuckaroo30 CTXC)
- DevFee for Cuckaroo 30 CTXC: 2.5%
Cuckatoo 31 & 32
- DevFee: 2.0%
- Coin: Grin
Cuckaroo 29-32, Cuckaroo 29-40
- DevFee: 1.0%
- Coin: Grin
Equihash Series
- DevFee: 1.0%
- Coins: ZCash (Equihash 144/5), YCash (Equihash 192/7), Aion (Equihash 210/9)
Etchash & Ethash
- DevFee: 0.7%
- Coins: Ethereum Classic (Etchash), Ethereum (Ethash)
ZelHash
- DevFee: 1.0%
- Coin: Flux
UBQHASH
- DevFee: 0.7%
- Coin: Ubiq
Downloading lolMiner
First off, you need to download the software. Make sure you choose the version compatible with your operating system. For Linux, you’ll need the .tar.gz
file. If you’re on a Windows system, go for the .zip
version.
Setting Up Your Mine
Once the software is downloaded and installed, you’ll want to configure it for mining. It’s worth mentioning that lolMiner charges a minimal fee for its service: 2% for Grin mining and 1% for other cryptocurrencies. These fees are a small price to pay for a user-friendly, effective mining solution.
How To Mine With LOLMiner
Steps to configure the How-to Schema widget:
- --coin: Type the name of the cryptocurrency you wish to mine.
- --pool: Add the address of your chosen mining pool.
- --port: Insert the port number for the mining pool.
- --user: Put in your wallet address and the name of your mining rig, separated by a dot.
- --pass: This is the password for the mining pool, which is usually set to 'x' by default.
Key Command-Line Parameters You Should Know
Although lolMiner comes with an extensive list of command-line options to tailor your mining operation, there are some essential commands you cannot skip:
--coin
: This specifies the type of coin you wish to mine. For example, for Beam, you’d input--coin Beam
.--pool
: This is where you enter the address of the mining pool you want to join.--port
: Indicate the port number of your selected mining pool.--user
: Here, you’ll input both your wallet address and your worker’s name, separated by a dot, like so:--user wallet.RIG01
.--pass
: Finally, this is your mining pool password. The default value is usuallyx
.
Dual-Mining: An Exciting Option
One of the advantages of using lolMiner is the ability to dual-mine. This means you can mine two different coins simultaneously, thus maximizing your earnings. To set up dual-mining, you’ll need to add a second --coin
and associated parameters for the second coin you want to mine. Check the lolMiner documentation for specific instructions tailored to your chosen cryptocurrencies.
Conclusion
Setting up lolMiner might seem complex, but once you get the hang of it, you’ll find it’s a user-friendly way to get into crypto mining. With the added benefit of dual-mining, you could diversify your income streams even further. Don’t miss out on this opportunity to not only be a part of the crypto revolution but also to secure an additional safety net in today’s uncertain economy.
2 Comments
This guide is super helpful, but I’m still a bit confused about setting up the command-line. Are there any user-friendly interfaces or tutorials available that can simplify the process for beginners?
residentialminer.com
Hi there! We’re glad you found our lolMiner guide helpful. We understand command-line interfaces can be a challenge, so let’s explore some user-friendly alternatives to get you mining with lolMiner!
Graphical User Interface (GUI) Tools:
lolMiner GUI Tools: Third-party developers offer GUIs that translate command-line options into user-friendly menus. Here are some popular options (**disclaimer:** residentialminer.com is not affiliated with these developers):
SimpleMiningOS: This free, lightweight operating system specifically designed for mining includes a built-in lolMiner GUI, simplifying the entire setup process.
EasyMiner: This GUI works with lolMiner and other mining software, offering a user-friendly interface for configuring your mining pool, wallet address, and other settings.
NBminer GUI: While not specifically for lolMiner, NBminer GUI is a powerful option that supports various mining software, including lolMiner. It provides a user-friendly interface for configuration and real-time monitoring.
Alternative Mining Software with GUIs:
NiceHash: This popular option offers a beginner-friendly interface and features like automatic switching to the most profitable algorithm. While convenient, NiceHash takes a commission on your earnings.
Cudo Miner: This software boasts an intuitive interface and supports various algorithms, including those used by lolMiner. It also offers features like overclocking and power management.
Learning Resources:
Video Tutorial: This excellent video by CryptoJar walks you through setting up lolMiner on Windows 10 using a GUI (specifically editing a text file): https://www.youtube.com/watch?v=o3Ud2qj82ZU&t=1s
lolMiner Documentation: While technical, the official documentation provides detailed information on command-line arguments, helpful for understanding advanced configurations in the future: https://github.com/Lolliedieb/lolMiner-releases/blob/master/README.md
Additional Resources:
Our Beginner’s Guide to Mining Pools: Choosing the right mining pool is crucial! This guide can help you understand mining pools and select one that suits your needs: [link to your beginner’s guide to mining pools on residentialminer.com, if available]
We hope these expanded options and resources make getting started with lolMiner a smooth experience! Don’t hesitate to ask if you have any further questions. Happy mining!