Here’s a quick step-by-step guide for newbies on how to mine Electroneum on Nanopool
To mine Electroneum you need is a PC/Mining RIG with a GPU (Nvidia/AMD) minimum of 3GB memory. You'll also need a miner and an Electroneum address to receive your mining reward. Check the list below and make sure your hardware/software meets the requirements:
|PC/Mining Rig with at least 3GB of GPU memory each
||Electroneum mining requires minimum 3GB of GPU memory
|Installed Windows/Linux OS
||Make sure your Windows version is at least 7 and the OS, whether it's Windows or Linux is 64 bit
|Minimum 4GB of system RAM
||You don't need much of system RAM, however you should have 4GB minimum
|Stable internet connection
||Your internet speed doesn't need to be super fast, but it's crucial that the internet connection is constant (get off Wi-Fi if possible)
|Valid email address
||It's not necessary to use your email, however, if you want to receive alerts form the pool when your miner goes offline, you'll need one
|Mining software (Miner)
||We will be using our own miner called Nanominer
|Electroneum wallet address
||To receive your rewards from the pool you'll need to obtain an Electroneum address.
Since Electroneum is ASIC supported, and its difficulty is pretty high, you have to have a powerful mining RIG (PC with a number of GPUs) to make some profit. Otherwise, it wouldn't worth the effort and you'd need to pay for your electricity bill more than you make. If you have an ASIC, see how to connect it to the pool HERE.
Unfortunately, we don't give any recommendations on what hardware to buy or which one is more profitable (search the mining forums to choose a hardware), therefore we’re going to assume you’re already running Windows/Linux on your RIG and the hardware you have meets the requirements.
Step 1: Get Your GPU Drivers Installed
Double check the drivers are installed in advance or if you installed them previously you can skip this step.
- For Nvidia drivers, click here and enter your GPU info then click “Start Search”. Download the current driver version from the results.
- For AMD GPUs, go here and choose "Support & Drivers". Enter your GPU info and click "Display results" then click the download button for your current driver.
Once downloaded, install the drivers like you normally would (next, next, OK, etc.) and reboot your RIG. You see your GPU’s are recognized correctly if you go into Device Manager (search in Windows search bar) and if you don’t see any warning marks on your GPU’s you're good to go to the next step.
Step 2: Obtain an Electroneum Wallet Address
There's a number of exchanges you can get an Electroneum address at, however some exchanges don't allow deposits from pools or don't allow very small deposits, so double check with the site before mining directly to an exchange address. There's also official Electroneum web-wallet you can get an address at.
Bear in mind, storing your funds at exchanges is always associated with a risk
Whether you got your Electroneum address at an exchange or at a web-wallet, be very carful when copying it and don't mistype any of its symbols, don't even change its case as Electroneum addresses are case-sensitive and you will not receive your reward to the address if you accidentally missed a symbol or changed its case.
Step 3: Apply some Tweaks to Windows before mining
First of you don't want your miner to be interrupt while mining if your RIG goes to sleep. You don't want to your RIG to be automatically rebutted either, which may occur if Windows updates.
Go to your Windows Power Settings and set it to Never sleep
Head to Control Panel/Administrative Tools/ Services. Scroll down to Windows Update and turn it off
If you're running Windows Defender/Antivirus make sure to add an exception to it so that it doesn't flag your miner as a virus (not necessary for Nanominer)
Step 4: Download and Set up a Miner
Depending on the OS you have, download Nanominer for Windows or Linux (both Nvidia&AMD supported)
Extract the miner to any folder you like and navigate to it
- Locate and edit "config.ini" file with any notepad app
Once opened, copy the content below and paste it into the file. Set your ETN address next to "wallet line", a name for your RIG beside "rigName" line and your email address in "email" line to receive alerts from the pool when your RIG goes offline, otherwise, set a passphrase to access the account settings.
[CryptoNight] wallet = rigName = email =
Configuration example without payment ID:
[CryptoNight] wallet = etnk8f8ixuh2PnBtR5C9HhV3zE9MRwHNY8vdTqq5fxwWdtK3Bz7PtspTovnrspRhwNYHAahxaykiJFy7SqxCZwpy9Gth59Gth5 rigName = MyRIG email = [email protected]
IMPORTANT: If you obtained Electroneum address at an exchange and your address is 98 symbols length, you most likely have to use a payment ID too (look it up in your exchange account). Found it? Then your address has to look as follows: Address.PaymentID (address is 98 symbols and payment ID is 64 symbols) which have to be separated by a dot ".". If your exchange doesn't require any Payment ID or your address is 109 symbols length, then don't bother with it. But if your Electroneum address goes with a payment ID, you'll need to add "paymentId =" line under the wallet and set your payment ID next to it.
Configuration Example with Payment ID:
[CryptoNight] wallet = etnk8f8ixuh2PnBtR5C9HhV3zE9MRwHNY8vdTqq5fxwWdtK3Bz7PtspTovnrspRhwNYHAahxaykiJFy7SqxCZwpy9Gth59Gth5 paymentId = 4d4144f20a4d4144f20a4d4144f20a4d4144f20a4d4144f20a4d4144f20a4d41 rigName = MyRIG email = [email protected]
If you don't want to receive alerts form the pool when your RIG goes offline, you can just use a passphrase instead of email address to access the account settings.
NOTE: Nanominer will connect to the pool's default server, and It might be not the best choice for you as there's latency and you want the server you connect to to be as closer to your location as possible. Therefore, by adding the "sortPools=true" parameter at the bottom of your Nanominer's config.ini file you can be sure that Nanominer will pick the server that has the lowest ping time from your location and your network latency will not affect your mining as the pool and the miner will communicate at the highest speed possible.
"sortPools=true" this will enable automatic pool's servers sorting based on their ping speed
Full Configuration Example with an Exchange Address that Goes with Payment ID:
wallet=etnk8f8ixuh2PnBtR5C9HhV3zE9MRwHNY8vdTqq5fxwWdtK3Bz7PtspTovnrspRhwNYHAahxaykiJFy7SqxCZwpy9Gth59Gth5 paymentId=4d4144f20a4d4144f20a4d4144f20a4d4144f20a4d4144f20a4d4144f20a4d41 algorithm=Cryptonight coin=ETN rigName=WORKER [email protected] sortPools=true
Full Configuration Example with a Wallet Address without Payment ID:
wallet=etnk8f8ixuh2PnBtR5C9HhV3zE9MRwHNY8vdTqq5fxwWdtK3Bz7PtspTovnrspRhwNYHAahxaykiJFy7SqxCZwpy9Gth59Gth5 algorithm=Cryptonight coin=ETN rigName=Morty [email protected] sortPools=true
Once done, save the file and jump down to the next step.
Step 5: Start the Miner
Start the miner by running the nanominer.exe file. The miner will start, run the commands to set those environment variables and start hashing away. After a while, you'll be able to find your account on the pool.
Step 6: Find your Account on Nanopool
Remember there's no registration on the pool. You just need to start mining and your account will automatically show up. However, allow some time as our system needs about 30 minutes to add your account to the pool's database since your miner submitted it's first share. So please, be patient and come back to Nanopool in a while, there's Address filed on the right top in which you need to fill your Electroneum address in. Once filled, hit enter, you'll be redirected to your Nanopool account page.
Congrats! You have joined Nanopool. Spend some time to familiarize yourself with the pool and its features; you'll like the interface.
Step 7: Make sure Your Mining goes Smoothly
Let your RIG to mine for at least 6 hours (or even 12) then come back to check your account statistic on the pool. You just need to compare your 6-hour Average hashrate (Nanopool estimates avg hashrate by shares sent from you rigs) with the Last Reported hashrate (it's what your miner tells to the pool your hashrate is) and the values need to be close (the closer the better), however, allow 10% discrepancy. And if your 6-hour Average hashrate is lower by more than 10% than the Reported one, then there must be an issue and you should contact our team to figure it out.
Step 8: Predict your Profitability
There's a number of major factors your income depends on and the most obvious, easily identifiable and broad numbers that affect your mining profit are:
|1. Difficulty increase
|| The more users join the network to mine Electroneum, the harder it's to find a block.
|2. Pool luck factor
||Cryptocurrency mining is extremely luck based in its nature and when the pool finds fewer blocks than it should with its hashrate on average, it's unlucky, but when it finds more blocks, the pool is lucky. And since our pool's payout scheme is PPLNS (you get paid after the pool finds a block), your estimated reward may decrease in both cases, if the difficulty increases and the pool gets unlucky.
|3. Hashrate constancy
||Your reward is also affected by your hashrate constancy. The more your hashrate fluctuates (network/hardware issues) the less your reward may be.
Keep in mind, none of mining calculators are able to properly forecast the future, as they don't simply take into account all possible variables, as a result this is almost near impossible to accurately predict uncertain inputs.