Here’s a quick step-by-step guide for newbies on how to mine Flux on Nanopool
Getting started with Flux mining is now easier than ever. All you need is a PC with a GPU (Nvidia/AMD) of 3GB minimum as Flux heavily relies on memory usage while the core processor sits idle. You'll also need a miner and an Flux 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
|
The GPU should have at least 3GB of RAM or it won’t be able to properly mine Flux. The DAG file size is 2.9 GB and is not expandable.
|
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 3GB of system RAM
|
3GB is fine as long as you don't forget to increase the virtual memory (aka swap file) to at least 16GB
|
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)
|
There are a lot of miners for mining Flux but this guide is dedicated for a particular one called Lolminer
|
Flux wallet address
|
To receive your rewards from the pool you'll need to obtain an address.
|
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 GPU 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.
- To get the latest Nvidia GeForce 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 Flux Wallet Address
There's a number of ways you can get an Flux address through, for example, on the exchange. If you already have an Flux address, just jump down to the next step. Remember, 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, whereas setting up a local wallet requires to wait a while for the blockchain to download.
Bear in mind, storing your funds at an exchange/web-wallet is always associated with a risk
If you don't want to use a local wallet as it would require you to wait while the full Flux blockchain downloads (it also takes a lot of disc space on your PC). Feel free to register at an exchange/web-wallet to obtain an address, however you also can use a local Flux wallets.
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. And we also have to increase your Virtual Memory (aka swap file) to 16 GB that is required for Flux mining.
-
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
-
Go to Control Panel/System and Security/System/Advanced System Setting and set your Virtual Memory to 16384 MB (this is 16GB)
Step 4: Download and Set up a Miner
You're encouraged to use Lolminer, it runs on both Windows & Linux OS and supports Nvidia as well as AMD GPUs.
1. Download Lolminer
Head over to GitHub and download the miner for Windows or Linux. Then unzip the archive to any folder.
2. Configure The Miner
Locate and edit "mine_flux.bat" file. Copy the content below and paste it into the file.
set "POOL=flux-eu1.picopool.org:33333"
set "WALLET=YOUR_WALLET.WORKER_NAME/YOUR_EMAIL"
Where:
- YOUR_WALLET - your valid Flux address.
- YOUR_WORKER_NAME - simple short worker name (like worker01). Optional.
- YOUR_EMAIL - your email address for notifications. Optional.
Then fill your Flux address, a name for your RIG and your email address to receive alerts from the pool, otherwise, use a passphrase to access the account settings.
Step 5: Start the Miner
Start the miner by running the "mine_flux.bat" file. Lolminer will start, run the commands to set those environment variables, initialize each of your GPU’s, build the DAG file on each of your GPU’s 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 its 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 Flux 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 Flux, 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.