*Further down we will analyse the upcoming ETC Hardfork (approx 5th March).
But to begin with, you need to understand what a fork is and how it works.
If you remember how the blockchain works (Analysed on a previous post - see the post here), there can be only 1 valid chain of blocks. These blocks represent and keep a record of every event that happened on the blockchain up to that specific moment in time. So "Forking" a blockchain is literary taking a snapshot of the complete set and running it parallel to the original, thus having a separate and autonomous blockchain formed that can run independent from the master chain.
Let's talk crypto-mining! Most crypto out there can be "mined" with hardware. That is the process of offering your hardware's processing power and get paid for it in crypto.
So how does it work:
NOTE: If you are not into the details of how it works and just want to read ways to do it, scroll down after the dividing line (This is going to be a long post).
The most common question i received so far is: "How do I build a mining rig?, please help me"
*Experienced techies, skip below the second dividing line.
Without wanting to sound arrogant or in any way insulting, if you are asking that question, then you may not be up for it. If you were capable of building and, more importantantly optimising, maintaning and troubleshooting a mining rig, your questions would be on a completely different level.
So you got your mining rig setup, this guide will get you through the basics of "Dual Mining with Claymore".
Firstly, always keep your mining software up to date with the latest release. We use Claymore for dual mining ETH + DCR/SIA or other supported coins. Claymore does not need installation, rather just download the files in a folder and start the miner (See configuration further).
Ok, so on my previous post, we analysed why mining is more profitable than purchasing cryptocurrency, and we focus predominantly on Bitcoin and Ethereum. Rightfully so as Bitcoin is the established main cryptocurrency while Ethereum is the highest rival followed only by a handful of distant competitors.
These 2 cryptocurrencies tend to "buddy up", literally, and I'll explain why.