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You will hear from us soon. So you’re a believer in Quark and want to start mining? Mining crypto currencies while not difficult can be frustrating for those who have little technical expertise. Below is a simple guide to understand mining and how to get started mining Quark. If you’re new to crypto currencies, mining is the process by which Quark coins are released or minted into existence. To mine Quarkcoin, special software is used by your computer to solve complex algorithms or blocks.
To reward your PC for solving these problems, the Quarkcoin network rewards miners coins. Because miners verify transactions, their job is critical to keeping the network stable, safe, and secure. Quarkcoin is different from Bitcion and many other alt-coins because there is no cap on the total supply of coins issued. After the issuance of 247 million coins, 1 million coins will continue to be released every year through mining. This will guarantee and ensure the Quark infrastructure continues to function. There are 2 ways you can mine, solo or part of a pool. When mining alone, it takes a bit of luck to ‘find’ Quark coins, but when you do solve block, all of the coins related to that block are yours to keep.
While this is enticing for the beginner, you are better off mining in a pool. Pool mining is where computers work together to solve each problem. Because there are more computers working, you will find coins much quicker. However, the coins are divided up amongst the whole pool giving each individual the percent of workload their computer performed. In summary, solo mining yields large, infrequent coins while pooled mining gives small, frequent payouts. To mine solo, there is nothing you need to compile or have to write any fancy code.
You first need to download the Quark Wallet. You will need to wait for the blockchain to download if this is your first time using the wallet. Be patient it can take awhile. So go watch your favorite TV series and come on back. Once the blockchain is fully download you will need to create a simple config file. When creating the file, make sure you save it quarkchain.