How to mine Denarius (DNR)
Mining cryptocoins early is crucial to maximise your earning potential. Read all about how you can mine the hottest new PoW altcoin Denarius with your AMD or Nvidia graphics card(s).
What is Denarius?
If you would like to learn more about what Denarius is and why it is so interesting, please click here to see my previous post that covers this in more detail.
How to get started mining Denarius coins
Denarius coin is new and its price is increasing rapidly. With its limited and reasonable supply (relative to many other coins) and early interest in mining, it may very well have a lot of growth in the coin value yet. Therefore, mining it with the long-term vision in mind, may very well turn out to be lucrative and the best option.
1. Get a Denarius [DNR] Wallet
To get Denarius coins (DNR) you need to first have a wallet, which is the digital place for where you store your Denarius coins (DNR). I recommend to use the downloadable wallet (select either macOS or Windows depending on your operating system). It is very easy to use and also highly intuitive. To receive tokens, open the client (the wallet that you downloaded), then click “Receive Coins” from the top menu. Right click where you see your address and copy it (you will need this in a moment for when you to set up your mining software – don’t worry, it is easy!).
- Web Wallet: None yet – but you can store your coins and mine them directly to an exchange site if you prefer.
- Windows-QT Wallet Download: https://github.com/carsenk/denarius/releases/download/188.8.131.52/Denarius-QT.zip
- macOS-QT Wallet Download: https://github.com/carsenk/denarius/releases/download/184.108.40.206/Denarius-OSX-v1000.dmg
2. Install your GPU Drivers
First go ahead and make sure you have identified whether you have an AMD or Nvidia Graphics Card. You can do so by right-clicking the windows icon in the bottom left corner of your PC, then selecting Devices and from there Graphical Ouput (Windows 10).
You can find the direct links for driver downloads here:
3. Select and download a Denarius (Tribus algorithm) miner
Depending on whether you have a GPU made by AMD or Nvidia, you will need a different miner. The CCminer is made specifically for Nvidia GPUs, while the SGminer is intended for AMD graphics cards. Choose the miner that corresponds to your graphics card.
Download CCminer for Nvidia GPUs Windows (designed for the “Tribus” algorithm of Denarius): http://ccminer.org/preview/ccminer-2.2-skunk.7z
Download SGminer for AMD GPUs on Windows (designed for the “Tribus” algorithm of Denarius):
4. Select a Denarius “Tribus” Mining Pool
There are currently six different mining pools available for Denarius. They more or less have the same mining fee (varies from 1-2%) and therefore I will be recommending you the mining pool and website that I find the most intuitive to use with the best features to keep track of your progress.
I highly recommend you to use http://hashbag.cc/ – this is by far one of the easiest mining pools to use. It provides a highly intuitive website portal, where you can easily track your mining progress real-time. Not only that, but you also pay 0% mining fee for the first month – thereafter just 0.5% per month – half of what all other miningpool sites charge.
All available mining pools
5. Setup your miner software – create your .bat file
You will need to follow this step by step guide. The bat file is a file that executes and runs your mining software for you with some predefined settings. This directs you towards the mining pool that you will be part of, as well as what wallet the coins you mine will be sent to.
- Find the location on your HardDrive where you have extracted your Mining software to. Go ahead and right click inside that folder (anywhere with white space) and then click on Text Document, name this “DenariusCCminer” for now.
- Open this document, and insert the code here below, depending on whether you are using the CCminer or SGminer software (CCMiner remember is for Nvidia while SGminer is meant for AMD). Go ahead and replace YOUR_WALLET_ADDRESS with the address you found and copied from the Denarius wallet earlier (See step 1 for how to find your Denarius wallet address). For now you can ignore -p x. The mining software requires it to be there, but simply leave it as it is (for some pools you need to login using a username and password, but for the pool selected all you need is the -u setting, which in this case is your Denarius wallet address).
- For CCminer you need to insert this code into your created bat file:
- ccminer-x64 -a tribus -o stratum+tcp://hashbag.cc:8688 -u YOUR_WALLET_ADDRESS -p x
- For SGminer you need to insert this code into your created bat file:
- sgminer -a tribus -o stratum+tcp://hashbag.cc:8688 -u YOUR_WALLET_ADDRESS -p x
- For CCminer you need to insert this code into your created bat file:
- Proceed to click File and Save As…and change the “Save as type” to “All Files”
- Name the file DenariusCCminerPool.bat and save the file.
Let me explain in detail the bat file commands you just added:
CCminer-x64 / sgminer calls the file that it need to open. This is the software itself.
-a tribus: This ensures that the miner is set up for the right mining algorithm – if not the mining software may be acting up and be confused.
-o stratum+tcp://hashbag.cc:8688: This calls the mining pool that the mining software will be connecting to.
-u YOUR_WALLET_ADDRESS: This sets the wallet address that it will be mining to. In SOME cases you may need a username in here instead, BUT if you followed my guide 100% and you selected HASHBAG as the mining pool, this will be correct. This then needs to be your wallet address. So make it easy on yourself, make sure you selected Hashbag mining pool!
-p x: This sets the password – but for hashbag mining pool this isn’t necessary – you just need to leave it as “x” being the value.
-I : this is an extra value you might need to set. I had to do that in SGminer for my AMD cards, it simply would not mine otherwise. I set that to 19 for my Rx 480 8gbs and it worked perfectly. Typically somewhere 10-25 should work, play around with it and see what gives you the best result. This you simply insert at the end of your bat file that you created.
6. Congratulations you are now ready to mine!
You are now fully ready to start mining. Simply double click the bat file DenariusCCminerPool.bat you just created and you should start to see the fruit of your labour. It may take a few minutes before you see the miner starting to accept shares, so give it a bit of time to find and accept them.
7. Check your temperature
Anyone who has been mining before know that the graphics card can get a bit hot – so one thing to keep an eye on is the temperature of your graphics card(s) (GPU) and the fan speed). Your fan speed can reach as high as 100% and your GPU temperature should ideally be somewhere around 55-85 (It is hot where I live so sometimes it reaches as high as 82C if we have bad days).
I control my fan speeds for my AMD and Nvidia cards through Afterburner software, which you can download here: Download 4.3.0 Stable/Final.
The ONLY item here you ever need to touch will be “Fan Speed”, I set mine to 92% as it is very hot where I live. But you can set that as high as you want. The rest of the settings are quite advanced and getting any of them wrong can ruin your card, so leave them for now.
8. Optimise your GPU Hashrate performance for Denarius
There are options available for you to be able to reduce the power consumption and increase your hashrate slightly for Denarius mining, I will cover this at a later stage in a different post, so follow me on Twitter and be notified when the post is up online.
Hey, wait a minute! How do I see how many coins I have mined?
Simple! If you are using the pool I recommended earlier (http://hashbag.cc/) just click Wallet at the top menu of the website and insert your Darius Wallet Address.
Where can I sell or trade my Denarius coins?
Now that you have started mining, it is always good to know where you can keep track of the value of the coin as well as knowing where you can trade it in. Below are the exchange sites where Denarius is current available for trading:
You can also easily follow Denarius coin’s performance across all exchange sites in one quick overview here.
Where can I check the difficulty level of Denarius [DNR]?
The difficulty level of mining changes over time, this is entirely dependent upon the number of miners on the system – the difficulty level may therefore increase or decrease, which means you may mine more or fewer Denarius coins at different times.
Get your first Denarius Coins for free!
Every hour you can claim free Denarius coins completely free. This is an excellent way to test the speed of transaction as well as to get started if you are completely new to crypto. You can claim free Denarius coins on both links below every hour, by inserting your wallet address;
- http://leakyfaucet.info (Can be claimed every 60 minutes)
- http://denarius.win/ (can be claimed every 30 minutes)