How to Mine Infinex Coin – Mining Guides

Introduction to Infinex Coin

Infinex Coin is an innovative digital cryptocurrency programme. Our main goal is to create a decentralized network to run applications which do not rely on any central body control.  By having a distributed system, thousands of users will be responsible for maintaining the application and data so that there is no single point of failure.  Our vision is to develop social networking over Infinex and enable live streaming and classic multiplayer gaming over Infinex.  

We will also be collaborating with other project owners who share the same vision and can add value to the chain.  Infinex starts off as a hybrid of PoW (proof of work) and Masternode system and will gradually move towards a fully Masternode network.  Miners and Masternodes will be rewarded to safe-keep the network and so it is in the interest of Infinex to ensure a stable return on investments for miners and Masternodes holders.

 

How to Mine Infinex Coin

 

Step #1: Infinex Coin Wallet

 

First, you need a wallet where you can store your Infinex Coin. The wallet is available for all platforms like Windows, MAC, Ubuntu.

Compatible with Windows 7, Windows 8, Windows 8.1 & Windows 10

32 bit & 64 bit supported

Compatible with El Capitan (OS X 10.11), Sierra (macOS 10.12) & High Sierra (macOS 10.13)

32 bit & 64 bit supported

Compatible with Ubuntu 16.04

Step #2: You need a Mining tool

 

There are different tools are available for GPU, AMD, CPU MINING.

Here is all the link

Nvidia GPU Mining Tool https://github.com/tpruvot/ccminer/releases   – ccminer
AMD GPU Mining Tool https://github.com/djm34/sgminer-msvc2015/releases      – sgminer  
Intel / AMD CPU Mining Tool https://github.com/JayDDee/cpuminer-opt/releases     – cpuminer  

 

Step #3: You need a Mining Pool

 

You can solo mine, but the payouts could take months depending on how powerful your mining rig is, and the mining pools usually charge a very small fee (1% or less). Using a pool will allow you to receive consistent payouts, multiple times per day.

There are different mining pool available, I will prefer you to use BSOD mining pool. Pool fee is very low – 0.5% Pool Fee. 

infinex coin

 

Step #4: Now Config it

 

In mining tool file (ie. ccminer,sgminer,…) create a start.bat file and copy this command.

ccminer-x64 -a lyra2z -o stratum+tcp://eu.bsod.pw:2142 -u Your Wallet Address

Open your infinex wallet then click on receiving address, then copy that wallet address in above command in the place of “Your Wallet Address”.

Run the file, and your mining will stat.

 

Infinex coin Information

Proof of Work (PoW) & Masternode

PoW algorithm: Lyra2Z.

High efficiency, low power usage, ASIC resistant.

Difficulty readjustment every block through “InfiniLoop”.

Chain Protection through “InfiniGuard”

Customised Infinex “TextSpork” Technology

Maximum coins: 26,280,000 (over 10 years).

Block time: 90 seconds.

 

How to set up a Masternode

 

This is a complete guide to setting up a Masternode for Infinex Coin.  The method employed is to use a cold Windows wallet together with a hot Ubuntu Linux VPS.  The reason is so that your coin will be safe in your Windows wallet and the VPS side will not contain any coins.

What you will need (recommended)

1.  Download the latest windows Infinex wallet from here.

2.  Get 1000 IFX coins (you can get 1 more coin to cover transaction fee)

3.  Download Putty (https://the.earth.li/~sgtatham/putty/latest/w32/putty-0.70-installer.msi)

 


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