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monero

Created lørdag 17 december 2016


Monero is a crypto currency, that we are still able to mine with our limping hardware^
Mine the monero currency and change them into BitCoin - That is the plan.


Installation

# Can be found in the AUR
$ yaourt -S bitmonero-git


Syncing the blockchain

# You need to import and sync the blockchain.
$ monerod


# It'll take some time^
# Once updated, leave the daemon running.
# Good for the community and your wallet needs fully synced chain anyways (when running).


Creating your wallet

# When creating a new wallet, you will be put through a configuration wizard for a password etc.
$ mkdir ~/.monero_wallet
$ cd ~/.monero_wallet
$ monero-wallet-cli


# The monero wallet will start to refresh
# If it fails on its way, make sure the monerod (daemon) is running
# and enter refresh to start refreshing again.


# Once your wallet i refreshed, save it
$ save


Using your wallet

# Start the monero daemon (needs to run in order for the wallet to work)
$ monerod


# and navigate to your wallet folder to run it
$ cd ~/.monero_wallet
$ monero-wallet-cli


# This will prompt your first to enter the name of your wallet (chosen in the conf-wizard)
# Then your password. Once succeeded, your wallet will be displayed.


# To view your public address
$ address


# To view your balance
$ balance


# To send money
$ transfer <address> <amount>


Mining

# To mine monero coins you'll have to mine with a pool.
# To first monero mining pools seems to have a 100% donation rate, which is nice.
# They take a little higher fee though (1.9%), but it goes to a good cause I guess.
# This pool can be found at https://moneropool.com


# You will also need a mining software
# (THIS IS A CPU MINER. There is also GPU miners)
$ yaourt -S cpuminer-multi


# To start mining
$ cpuminer -a cryptonight -o stratum+tcp://mine.moneropool.com:3333 -u <YOUR_WALLET_ADDRESS> -p x