How to start Toncoin Mining along with Ethreum

How to start Crypto Mining Toncoin Network

In times of greater volatility, such as the current one mining profitability fluctuates drastically. Ethereum mining is usually the most profitable of these however, occasionally this trend halts. Such is the case with Toncoin mining this less-known cryptocurrency is currently more profitable with many of Nvidia’s LHR (light hashrate) models along with Ethereum Mining.

An Introduction to Toncoin and the Open Network

Before we can get deep into the details of mining Toncoin it is essential to grasp the fundamentals about the functions of this cryptocurrency.

Toncoin is the native currency of The Open Network, a blockchain with a self-proclaimed mission that’s not all that uncommon: “To unite all blockchains and the existing Internet.”https://1db1ae172fcfbfbec7e72feee2586148.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Although their goals isn’t atypical however, they’ve done a decent job at getting there. As of now, they’ve got the T-BSC and the TON-Ethereum bridge that is currently in use, with cross-chain compatibility is in the in the works. This could be the reason the market cap of their company is staggering 2.7 billion dollars.

What’s most intriguing about TON it’s the way it works to establish consensus. In contrast to nearly every other coin that is GPU-mineable the blockchain of Toncoin is proof-of-stake. GPU mining is, therefore, accessible only for a short duration; a specific portion of the Toncoin supply has been assigned to smart contracts, referred to “Givers,” and once they are exhausted, there will be no further mining.

There are ten givers contracts each of which has a limitless amount of Toncoin left to pay. It is possible to view the estimated days to deplete for each given giver on the mining page of TON. The picture below is from the 25th of January, 2022 and at that time, there were between 146 and 207 days to depletion, based on the donor.

Be aware that these are only unreliable estimates based upon the current difficulty. If the networks hashrate doubled, the “Days until depletion” measurement should roughly be halved.

If you’re planning to mine Toncoin it is important to understand the limitations in time of this undertaking. Mining is likely to be feasible until July or August in 2022. There is a possibility of closing earlier.

What is the best way to pool mine Toncoin?

In this article, we’ll go over the entire process of getting setup to start Toncoin mining. We’ve decided to focus on pool mining because mining on your own would not bring in profit for the most miners.

Setup and Add a the TON Add and Setup TON to your Wallet

The first thing you’ll need is a wallet for any Toncoin that you mine. TON offers native wallets for almost every OS including a web-based bank, Chrome plug-in, Windows, MacOS, Linux, Android, and iOS wallets. All of them on the official TON app page within the “Wallets” section.

Pick the one that’s right for you. In this instance, we’ll use the Google wallet. After the extension has been installed, you can select the Create Wallet and click continue. You’ll receive a secret key that is comprised of 24 characters; write the key down and keep it in a secure location. If you lose this key, your wallet will not be accessible and all money will be lost.

After that, you’ll be asked to enter an account password. Once you’ve done this, you’ll be inside your TON wallet.

Find your TON address

To enable any mining software, a TNO address is needed. To find the address you have been assigned, choose the Receive option and then click on the sequence of letters and numbers to copy it onto your clipboard. It should look like this:

EQ3igUlzYLrpNUjAnAj9gvO94fp2DRo37DWuGiN1bb2iMMaV

Sign up for TON Pool on Telegram

The mining pools at TON are different from the rest because they utilize Telegram instead of web-based applications to display the balance of their mined accounts, verify the hashrate, or withdraw funds. TON Whales is no different and you’ll have to download Telegram onto your smartphone or computer.

Find @tonpool on Telegram and begin the bot. Copy the TON’s address and paste it and send your address into the robot. It will then activate your account and let you mine into the pool.

Download Mining Software for Toncoin

In this article, we’ll utilize in this article the TON Whales mining pool. It’s the biggest TON pool in terms of hashrate, and has a zero cost for the pool. LolMiner is compatible with Toncoin mining and we’ll be using the software because a lot of miners use it.

If you don’t yet have the LolMiner software or your install isn’t up-to-date that has TON support Download the program to your particular OS by clicking here. Download the .zip file to the desired location.

Configure and run the Toncoin Batch File

Start in the process by opening the text file with the name mine_ton.bat in Notepad or an alternative text editor. LolMiner allows you to make the .bat configuration process extremely easy as the editable portion for users is clearly identified and is the only section you’ll need to modify.

The POOL parameter should be set by default to https://ton-pool.com. If not, you can change your password to the following. The only other change you’ll need to make is to your wallet’s address. Switch this address from default to your personal. You may leave this field empty. EXTRAPARAMETERS Value empty. Final product (within the editable by users) will look something like this:


Rem #################################
Rem ## Begin of user-editable part ##
Rem #################################

set "POOL=https://ton-pool.com"
set "WALLET=EQ3igUlzYLrpNUjAnAj9gvO94fp2DRo37DWuGiN1bb2iMMaV"										

set "EXTRAPARAMETERS="

Rem #################################
Rem ##  End of user-editable part  ##
Rem #################################

Save the file, then double-click to launch. The file will open in a window that resembles the picture below:

You’ve now started mining. To stop mining, simply close the application and to restart, you can run the batch file once more.

How To Withdraw Toncoin Check Statistics, Etc.

If you’re looking to withdraw your funds or simply want to monitor your earnings you’ve earned, your TON Whales bot you set up previously can be used for this purpose. Here are the most commonly used commands:

  • /stats It provides you with an URL to display your mining statistics. You can also view these statistics by visiting tonwhales.com/mining/stats/
  • /withdraw Starts the process of withdrawing.
  • /balance Shows your current Toncoin balance.
  • Recent withdrawals shows the past 30 withdrawals.

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