How to Mine Expanse
Even the biggest concepts start small. Let us show you how, by pinpointing the most profitable ways to mine Expanse (EXP). Your best option are GPU cards and ASIC machines. Stick with us and find out all about the bits and bobs there are to become a prosperous Expanse miner: …more
- Suitable Hardware Equipment
- Configurations of Software and Hardware
- Expanse Mining Pools
For those not keen on hardware configurations and high electricity bills, there is the option of cloud mining. We go in details about this too, further on in this article.
Why You Should Mine Expanse
ts open blockchain technology allows practically anyone to use decentralized applications. It is flexible and quite adaptable. Interesting feature of Expanse is the possibility for the users to create their own operations. This gives you freedom of actions and safety at the same time. In addition to the well-known Bitcoin technologies, EXP has numerous innovations and modifications. Other interesting aspects of this coin are its inside products. Here are some of them:
- VoteLock – voting platform, based on blockchain, where results are verified swiftly and precisely.
- TokenLab – ICO (initial coin offering) contracts are smartly designed and are using time-programed mechanisms, which prevent unplanned distribution of funds. In other words, this product is a breath of fresh air for investors, because it protects their funds from getting dumped unannounced in the market.
Best Way to Mine Expanse
So far, so good. Now, let us go over the best practices when we talk about mining Expanse. We’ve done all the necessary research, to help you with summarized information, and without missing out on critical factors. For Expanse, it’s best if you mine in a pool, using GPUs (AMD) or ASIC miners based on Ethash algorithm (Antminer E3). You can download GPU mining software based on the same algorithm and still successfully mine EXP. Note the importance of a proper configuration, in order to mine as much as possible and stay profitable. If you are eager to get fast results in a safely manner, jump in a mining pool.
When talking about different ways of mining Expanse, we should mention all of them, even if they are not as efficient. Here we’re talking about solo mining. No matter if you are into hardware (ASICs and GPUs) configurations, and have all the time in the world, competing with the powerful EXP mining pools is simply a waste of time and money.
What You Need to Start Mining Expanse
Here is a list of the essentials for Expanse mining, explained as follows:
- Competitive Mining Hardware (Antminer E3 or AMD Vega)
- Reliable Internet Connection with 1MB/s Bandwidth
- Enough Power Grid Capacity for your Hardware
- An Expanse Wallet to receive your Coins
The wallets are a necessity. There are plenty of options to choose from ranging from online, hardware, mobile to desktop version. Don’t worry, we are here to help you, so visit our wallet webpage for detailed information and practical suggestions.
What Else You Need to Consider?
Mining Expanse requires a lot of electricity to charge the hardware, which automatically increases your bills. While working, the gadgets produce excessive heat and noise, so think carefully where to place them, in order to avoid all that. Many people install boxes and self-made fan constructions. Handling the high temperature is vital. Helpful troubleshooting info and advices you can find in our detailed article with suggestions and tips to help you with the heat and noise.
Let’s talk a bit more about your internet connection, as we want to explain the reason behind our recommendation. When we consider the quality of a connection, we are looking for low latency and unlimited traffic as they will help you to not miss out on potential rewards. Low latency guarantees that the reward of a block will be yours. What do we mean by that? Imagine two miners find a block at the same time and both of them send the result simultaneously. The one with lower latency will get faster response from the mining pool, which is acknowledging that they found it first. The unlimited traffic requires 500mb/per device/per day.
Which Hardware to buy to Mine Expanse
The hardware needs to be compatible with the algorithm of the coin you are planning to mine. There are numerous combinations but, in our case, EXP uses modified Dagger Hashimoto (you can find it as Ethash as well) algorithm. It reacts better at workloads with memory-intensive character. When looking for GPU, focus on cards of 3GB and more.
Recently the manufacturer Bitmain developed a new ASIC miner for Ethash algorithm and the device produces 180MH/s with a power consumption of 800Watts. It’s not a big concern because its efficiency is equal to an average GPU mining rig.
Here are few suggestions for mining hardware:
Recommend Expanse Hardware
Bitmain – E3 ASIC
- 180 MH/s , 800W
- 399.5mm(L) x 130mm(W) x 328.15mm(H)
Software and Hardware Configuration
The configuration depends on the hardware you are going to use. In our case we will provide you the latest guide on GPU mining configuration for this algorithm since it’s most popular among the miners.
Every piece of hardware needs electricity. Start by assembling your hardware and connect it to the electricity and internet. After that, continue with the pool and wallet configuration.
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01. For Ethash Algorithm, Ahere are few Suitable Programs. One of the Most Popular is Claymore’s Dual Ethereum AMD+NVIDIA GPU Miner
Here we will show you how to download and configure the software. Download the latest version from GitHub.
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02. Extract the Downloaded ZIP File, to a Directory/Folder you Prefer
During this process, your antivirus software may flag you or even block the EXP miner. Don’t worry, it is perfectly fine to allow access or just add an exclusion to the executable on your antivirus software.
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03. Editing the Startup Parameters of the Expanse Miner
Find the file called “start.bat”. Then right click and edit it. It should open in Notepad:
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04. Pool and Wallet Configuration of the EXP Mining Software
The “start.bat” file allows you to use mining pool and wallet of choice.
You need to delete the text inside and paste the following:
EthDcrMiner64.exe -epool stratum+tcp://pool.expanse.tech:8008 -ewal 0x711c8eb6f4da3d62c47d29d204adcb60ef4fc8ca -epsw x -eworker rig1 -allcoins 1
You need to change the following parameters:
stratum+tcp://pool.expanse.tech:8008 – your mining pool URL address
0x711c8eb6f4da3d62c47d29d204adcb60ef4fc8ca – your wallet address
rig1 – your workers name
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05. Run the File and Wait for it to Load the Miner Software. On the Screen You Should see a Similar Window.
You can always check if things are configurated correctly by going to the pool’s website and check for your miner. You can check your statistics by entering your wallet address in the pool dashboard:
Useful feature of this pool is the history of your search. The cookies help saving your searches, so it will be easier and faster for you next time. After hitting the Lookup button, you will see your status, earnings, hashrate and many more.
To make it a bit easier for you, we have listed top 3 Expanse (EXP) mining pools. In our opinion, EXP is one of best reacting to GPU mining coins. More profitable for you will be joining a pool. Here are the top mining pools suggestions:
Dwarfpool
.Server locations:
..Reward system: HBPPSAverage fee: 1%Our choiceMiningPoolHub
Server locations:
...Reward system: PPLNSAverage fee: 0.9%expmine.pro
.Server locations:
Reward system: PPLNSAverage fee: 0%Other option, which is not so profitable, is the solo mining, but we recommend joining a pool, as it has its benefits. After all, they consist of numerous computer systems that are mining together, which is increasing your chance to find a block, thus making your payouts way more frequent.
We suggest you do a thorough research of the mining pools, so you can join the best one. Do not hesitate to visit our mining pools web page here if you need some help with choosing one.
Expanse Cloud Mining
When you want to step into the Expanse mining world, but you are not a hardware savvy, cloud mining is just the thing for you. All you have to do is pick a provider and sign a contract. The third party will do all the hard work for you. No gigantic electricity bills, unpleasant noise and excessive heat. Here we have summarized the benefits cloud mining’s offering:
- 01. You just need to provide a wallet and wait for your incomes
- 02. No set up and configuration puzzles
- 03. You can get paid in all cryptocurrencies
- 04. A fee is in order, after all, the third party is doing all the work
- 05. Be careful when signing cloud mining contracts
- 06. For more information visit our webpage dedicated to cloud mining.
Expanse Calculator
Even if mining Expanse is not so difficult, calculating your earnings might puzzle you. Take a deep breath and know that there are helpful calculators in situations like this. Their only purpose is to give you the information you need, and it takes just a few simple steps. You need to enter your hash power, electricity consumption and pool fee. The output will give you detailed information about your daily, weekly, monthly or yearly income.
Disclaimer: Keep in mind the fluctuating nature of the crypto currencies. There are no constant values. Things like network difficulty and coin price can go in any direction at any time, which will affect your expected profitability.
FAQ
How long does it take to mine 1 EXP?
Depends on your GPU card. Let’s say you are using an AMD Vega64, it will take you about one day to mine 1 EXP coin.
How many EXP I can mine in one day?
Taking the example from the previous question, you can mine about 1.2 coins per day.
There is another trick though. Each mining pool has a page, where you can see all miners. Look for the ones with hashrate matching yours or close to it. Now the easy part, go through their statistics and see the average amount of EXP per hour, half day, day, week and month. There you can see it as well.
Is it worth it?
Yes, it is. To clear your doubts, use our Expanse mining calculator.
How much is the total supply of Expanse?
It has a total supply of 16,91 million coins.
How can I calculate if it’s profitable?
Check out the link for the Expanse mining calculator.
Is it legal?
Usually yes. However, there are countries, that think otherwise. Check our Expanse Regulations section for more information.
Can I mine for free?
For starters, you need to have the hardware and free electricity. Then you need to do a research and find a mining pool with no fee (0%). After those are dealt with, you can mine for free.
Can I mine via my phone?
No, you can’t do it on your phone. Even if it was possible we strongly recommend not doing it because you risk overheating your device.
Is it safe mining it?
Depends on the security and the privacy of the coin – for Expanse, we might say it’s safe.
Which are the best countries to mine?
The ones with low charge for electricity usage, like Japan and Australia.
Why actually mine Expanse?
In order to gain some money every day.
How to make my own pool?
Full information in the ReadMe.md file at https://github.com/UNOMP/unified-node-open-mining-portal
How to create a bat file?
The structure of this file varies. It basically provides the mining software with essential information – rig ID, mining pool address and your wallet address.
About Expanse
Known as the first stable Ethereum fork, Expanse is an innovative creation in the blockchain world. The coin started with no ICO (Initial Coin Offering). To keep it decentralized, they acknowledge a self-funded design. The idea is to keep the community fully involved. With such strategy, Expanse’s evolution is a natural consequence.
It is not as complicated as Bitcoin, so it is in a way not as bad for solo mining. It’s an option, thanks to its low network hashrate and rather average block rewards. Many say, that minimum mined blocks per day, when solo mining EXP, is at least one.
Expanse Team
Its creator is one of the first crypto businessmen Christopher Franko. As with many new coins, the team of EXP was very small at the beginning. They continuously enlarge their scope of ideas and views. Steadily growing, the team have established administrative, community, design, development, marketing and accounting departments.
The two founding “fathers” are James Clayton and Dan Conway, where Mr. Clayton is the creator of CCC (Cryptocurrency Collectors Club). This is the most active crypto group on Facebook. What better advertisement, right?
Expanse Hashing Algorithm
Being an Ethereum fork, Expanse uses Ethash algorithm. Its Proof-of-work is working great towards making Expanse ASIC resistant. However, we can confirm that Ethereum ASICs are available on the market, but they are just as powerful as one regular GPU mining rig! It has memory-hardness and was created to be difficult and expensive for ASIC chips implementation. Ethash uses 2GB+ dataset (DAG) and 16MB cache. The process of using it follows a pattern, involving creation of mix-hashes, using pieces of the DAG.
Expanse Regulations
The mining of EXP is legal. If you had determined, that this coin is the one for you, go for it! Can you mine it in every country? We have listed some exceptions for you. In Algeria, Bolivia, Nepal, Ecuador, Bangladesh and Macedonia cryptocurrency is banned in general. You cannot mine, buy, trade or do anything with it there. Other countries in which trading crypto is legal but using it as a payment tool is absolutely prohibited are Indonesia, Thailand and Vietnam. The rest are introducing some regulations, with the idea to stimulate and profit the future digitalization of currencies.
Sources
https://bitcointalk.org/index.php?topic=1173722.0
https://www.discord.me/expanse
https://github.com/expanse-org/go-expanse/releases/tag/v1.7.2