Skip to content

Mining FAQ

emansell7 edited this page Aug 29, 2019 · 9 revisions

For general information about Marconi mining please refer to the Mining Overview

What are the mining rewards?

See https://github.com/MarconiProtocol/wiki/wiki/Mining-Overview#block-rewards.

What Payout system do you use?

Marconi Pool charges zero fees and uses proportional payouts. When block is found, the reward is distributed among all workers proportionally to how many shares were submitted.

What Proof-of-Work does Marconi use?

Marconi uses CryptoNight variant 4, sometimes also referred to as CryptoNightR.

What card/rig/setup will be best for mining Marconi?

Because Marconi uses the CryptoNight hash function, any hardware which does well with other CryptoNight-based currencies (such as Monero) will also do well with Marconi.

Will CPUs be competitive?

Yes.

Why no Proof-of-Stake?

Proof of stake isn’t nearly as mature as proof of work, both in terms of design and in terms of testing in the wild. We chose to use proof of work for its simplicity. It’s a no-nonsense, tried-and-true consensus mechanism.

Why are you using go-ethereum?

Go-ethereum is a high quality open source implementation of the Ethereum protocol, and its popularity means that it’s been thoroughly battle tested in the wild. High quality implementations have more readable and more modular code, which makes it much easier for developers to understand, debug, and extend the system. The language choice (Golang) lends itself to performant, maintainable, cross-platform deployments, and Ethereum’s uncle concept allows shorter block times than for example Bitcoin or Monero. Therefore reusing the go-ethereum implementation provides many advantages. One significant piece we’ve changed is the proof-of-work hash function. Instead of Ethash, we use CryptoNight variant 4. This improves ASIC resistance and puts CPU mining on more equal footing with GPU mining.

Do I have to mine via a pool?

Yes, the rationale is explained in greater detail in a previous blog post.

How do I start my own pool?

Host your own Mining Pool.

How do I track my miners, block rewards and payouts?

  1. Check Progress

    Visit https://pool1.marconi.org and search for your account address

  2. Check Payouts

    Payouts occur multiple times every day. Visit https://pool1.marconi.org or https://explorer.marconi.org and search for your account address to view payouts.

Will you set a difficulty Bomb for mining?

No.

Can the tokens we gain be held and sold?

The tokens must be held until they are listed on an exchange. An exchange listing is planned for after the mainnet launch, but no date has been finalized yet.

Does this algorithm support the ASIC miner?

The CryptoNight hash function is designed to be ASIC resistant.

Can the tokens be stored in 3rd party wallets like IMToken?

The Marconi Protocol uses its own blockchain and has not been integrated with any 3rd party wallets at this time. Any marcos stored in an unsupported 3rd party wallet may be lost forever.

When will Windows support be released?

It's been released! Check out the Mining Overview page for details

What kind of interface will you provide?

Right now all network and account access is through the the Marconi CLI. Stay tuned for future updates.

Where is the source code for the miner?

marconi-stak repo

Troubleshooting

How do I configure the miner to work with my firewall?

Depending on your firewall settings you may need to open the ports which are used by the Marconi Miner:

3333
5555
7777
9999

Even if your firewall does not explicitly block these ports, security tools such as SNORT may subsequently block these ports once it notices new mining activity.

Why am I seeing "Result rejected by the pool" in my logs after successfully submitting shares?

If your high hash power mining hardware is being directed at a low difficulty pool then eventually the share submissions will be rejected because you are submitting too quickly. Update your config files to mine on a higher difficulty pool to avoid this.

Where can I ask additional questions or offer suggestions?

Telegram or support@marconi.org

To submit feedback or report technical issues, please email support@marconi.org

Clone this wiki locally