Starcoin is a layered smart contract and decentralized financial network.
It is mined via Proof of Work under the Cryptonight algorithm, with a block time of 5 - 60 seconds with a current block reward dynamicly adjusted with uncle block rewards.
1. Obtain suitable hardware
✅ Starcoin can be efficiently mined with ASIC devices.
❌ Starcoin cannot be efficiently mined with CPU and GPU devices.
View our Miners page to discover the most profitable ASIC machines for Starcoin mining.
And don’t forget to check our Mining Hardware Tools page to download the necessary software for setting up your device.
2. Sign up for an f2pool account
3. Configure your mining device
Your miner must be connected to the f2pool server listed below for your hashrate and revenue to be recorded and monitored.
You’ll need to enter the following information in your mining device:
Password: Your choice
miningAccountUsername is in your Account Settings.
workerName is optional, but we recommend labeling each of your mining devices with a separate
workerName for more efficient monitoring.
4. Add payout address
You’ll need to register a payout address to collect your mining revenue. You can add or change your payout address in your Payout Settings. f2pool distributes mining revenues on a daily basis to every user who reaches the payout threshold, which is 100 STC, the payout scheme is PPS 3%. Details about our payout method and fees can be found here.
If you do not yet have a Starcoin address, you’ll need to get one. We recommend Bixin Wallet. You can also choose an exchange, such as CoinEx. Note: You should always do your own due diligence when choosing a wallet provider or exchange.
5. Start mining!
To stay updated with the latest PoW news and developments, follow us on Twitter!