Upgrade to Pro — share decks privately, control downloads, hide ads and more …

CPU Mining Course Module

CPU Mining Course Module

This is our CPU Mining Course which explains mining and guides the student on how to setup a miner on their laptop in a few easy steps.

Join the Whive Community on Telegram at https://t.me/whiveio
And Discord at http://discord.whive.io

#MelaninAcademy

September 29, 2022
Tweet

More Decks by #MelaninAcademy

Other Decks in Education

Transcript

  1. ACADEMY
    How to Mine with CPUS
    Twitter: @BitHubAfrica
    Telegram: t.me/BitHubAfrica
    Website: www.melanin.academy

    View Slide

  2. WHAT IS MINING?
    • Primary Method of Securing a Blockchain
    Network using Proof-Of-Work consensus
    algorithm like SHA 256 for Bitcoin and
    Yespower for Whive.
    • Use of computing power to solve a puzzle
    built into the protocol.
    • Miners get rewarded for each puzzle
    solved and block mined.
    • Rewards consist of transaction fees
    generated within the network.
    • Involves costly “Work” that uses
    Electricity/Energy!
    • Practical Mining Exercise on Slide 14

    View Slide

  3. TYPES OF MINING
    q
    CPU Mining involves the use of Central Processing Unit
    power that is available on Laptops, Personal
    Computers, Mobile phones and other Small
    computing devices. CPU Mining is supported by
    consensus algorithms such as Yespower which is use
    in the Whive Protocol http://whive.io
    q
    GPU Mining involves the use of Graphics Processing
    Units power that is commonly used for Gaming
    rendering but is now used to mine crypto-currencies
    such as Ethereum Classic.
    q
    ASIC Mining involves the use of specialized computers
    known as Application-Specific Integrated Circuits to
    mine Crypto-currencies such as Bitcoin

    View Slide

  4. $WHIVE CPU MINER

    View Slide

  5. GPU MINERS

    View Slide

  6. SINGLE ASIC MINER

    View Slide

  7. TYPES OF PoW MINING
    qSolo Mining: Mining directly on the
    network with your hashpower which
    is difficult if there are more miners
    on the network.
    qPool mining: Coming together with
    other miners to combine
    hashpower and increase your
    chances to mine block; rewards
    are shared.

    View Slide

  8. MINING POOL
    • A mining pool is a joint group of
    cryptocurrency miners who
    combine their computational
    resources over a network to
    strengthen the probability of finding
    a block or otherwise successfully
    mining for cryptocurrency.
    • For purposes of this module we
    shall be interacting with Whive
    Protocol Mining Pool

    View Slide

  9. HOW A MINING POOL WORKS
    • Individually, participants in a mining pool
    contribute their processing power toward the
    effort of finding a block. If the pool is
    successful in these efforts, they receive a
    reward, typically in the form of the associated
    cryptocurrency.
    • Rewards are usually divided between the
    individuals who contributed, according to the
    proportion of each individual's processing
    power or work relative to the whole group. In
    some cases, individual miners must show proof
    of work in order to receive their rewards.
    http://whivepool.cointest.com

    View Slide

  10. INTRODUCING THE WHIVE PROTOCOL
    q
    Whive, is an open source & peer-
    to-peer (P2P) blockchain protocol
    that is incentivizing the building of
    sustainable distributed solar energy
    solutions through Trustless Rewards.
    q
    The Whive protocol’s mining uses
    the Yespower consensus algorithm
    and is biased towards smaller
    mobile computing CPU devices
    built on the ARM processor
    architecture

    View Slide

  11. YESPOWER PoW SCHEME
    Yespower is a proof-of-work (PoW) focused fork of yescrypt,
    which in turn builds upon scrypt. While yescrypt is a password-
    based key derivation function (KDF) and password hashing
    scheme, and thus is meant for processing passwords, yespower
    is meant for processing trial inputs such as block headers
    (including nonces) in PoW-based blockchains.
    Why Yespower?
    Different proof-of-work schemes in existence vary in many
    aspects, including in friendliness to different types of hardware.
    There's demand for all sorts of hardware (un)friendliness in those
    - for different use cases and by different communities.
    yespower in particular is designed to be CPU-friendly and GPU-
    unfriendly. In other words, it's meant to be relatively efficient to
    compute on current CPUs and relatively inefficient on current
    GPUs.

    View Slide

  12. WHIVE PROTOCOL FEATURES
    • Efficient ARM Focused CPU Mining: The
    Whive protocol’s mining is biased
    towards smaller mobile computing
    devices built on the ARM architecture to
    encourage fast & sustainable growth of
    the solar energy sector
    • 140+ Year PoW Mining Schedule: Mining
    of 100M Whive Rewards ends in the year
    2040 ensuring maximum distribution of
    solar micro-grid ecosystems across the
    World

    View Slide

  13. WHIVE NETWORK STATS
    q Launched 02/02/2020
    q No Premine or ICO
    q MAX Supply – 100,000,000 (5x Bitcoin)
    q Block Reward – 200
    q Mined across 25+ countries globally
    q Mining ends sometime around 2150
    http://whiveexplorer.cointest.com

    View Slide

  14. LET’S START MINING
    1.
    Download for Mac OS, Windows Os or
    Linux OS – http://downloads.whive.io
    2.
    Extract/Unzip folder
    3.
    Open ReadMe and follow instructions to
    Setup Wallet, Synch Blockchain, Backup
    Wallet, and Start Whive_Pool_Miner
    4.
    Example Setup Video for Windows:
    https://www.loom.com/share/627c0ac4f
    5a94e5b9ad8086416546df3
    5.
    Calculate your Mining Returns here:
    http://whivecalculator.cointest.com

    View Slide

  15. ONLINE QUIZ
    EARN UP-TO 6,000 $WHIVE
    Answering questions on Bitcoin,
    Ethereum, Whive, NFTs &
    Sustainable Energy
    play.nyukia.com

    View Slide

  16. THANK YOU
    www.melanin.academy
    Contact Us Below
    [email protected]

    View Slide