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[How to] Mine Any Cryptocurrency Using the Same Pool - With MultiPool Functionality

Discussion in 'CryptoCurrency' started by Shadexpwn, Jun 20, 2015.

  1. Shadexpwn

    Shadexpwn Elite Member

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    So since I figured this section has some buzz due to my recent threads and others spurring up I figured it would be time to start a thread on how you can mine any cryptocurrency big or small due to the constant media sensation going viral.

    You may think Bitcoin is the only one around, but there are dozens, if not a couple of bakers dozens circulating that can have some potential.

    Why potential???

    Say for example Potcoin, a currency used and created strictly for the cannabis industry and making headlines across the world.

    It is simply a coin with potential due to its abundance and for a simple reason such as USD no longer being accepted in dispensaries or having to export a couple pounds to another state or country within European Union or the Asian Peninsula without going through too much regulation or foreign exchange.

    If the 3,000 + dispensaries go boom and no longer accept 1 currency it will become a high valued commodity and an asset to your portfolio.

    A proven example o this theory are video game subscription and cash shop cards... Why buy them when there are credit cards and Paypal?

    They have a simpler user interface for those without access to abundant supply and age restrictions don't apply as drastically.

    There has never been a better time to invest time and resources in this ever-growing niche market because some cryptocurrencies don't even have a limit on production!!!

    What happens when you missed out on the next Bitcoin craze and a coin you looked at, but never bothered to gather rose to 30 dollars a coin and you can never mine it as easily resulting on a regret for the rest of your life.

    That's enough summarizing, let's get to the straight to the method.

    First off, head over to CoinKing.io and register for their multipooling service.

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    Once signed up and verified you simply have to navigate to the workers page to move onto the next step.

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    After that, click on generate config and setup your desired choice in computing.

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    After choosing what coin you would prefer to mine move onto the next option:

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    Once this part is all set head over and download a preferred provider for a miner, it should be universal each setting above is a different category of cryptoccurrency.

    Head over to the Get Started area and click on the mining software option so you can get a miner catered to your desired needs and preserve your most valuable resources.

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    Next off, mix the mining configuration software to your mining software folder and double click on it.

    After awhile it should look like this:

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    Once you get some results the coins will start piling up as seen below:

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  2. financeguy

    financeguy Registered Member

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    Thanks Shadexpwn for this overview of mining several cryptocoins at the same time. I've had a slight interest in this for some time, but never took any action on it. It looks like this has a greater over all benefit if one is going to mine coins.
     
  3. the_demon

    the_demon Jr. Executive VIP

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  4. Shadexpwn

    Shadexpwn Elite Member

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    Multipools are the best options as they tend to have very low fees if you find the right one and to be honest the smaller coins sometimes have better rates than collecting any wildly popular cryptocurrency.