Frequently Asked Questions (FAQ)
How do I start mining on Grinmint?
For instructions on how to connect see the
help section. See also our guide on BlockCypher blog.
How can I request payouts?
For instructions on how to request payout see our guide on BlockCypher blog.
Can I send payouts directly to an exchange?
Yes, you can. See the following instructions depending on which exchange you want to send grins to:
You can follow BitForex
guide or simply follow these 3 steps:
- Login on BitForex and copy your BitForex UID.
- On your Grinmint dashboard, click the "Settings" tab, paste the
https://grinproxy.bitforex.com/UID
(where UID is the previous value) in the "wallet url", enter your password and click the update settings button. - Finally, go to the "Payouts" tab and click the "Withdraw/Finalize" button. Go to the HTTP tab, enter your password and click the "Withdraw" button.
The easiest way is to request HTTPS payouts directly to your Poloniex account.
You can follow Poloniex
guide or simply follow these 5 steps:
- On your Poloniex account, go to "Deposits & Withdrawals".
- Search for GRIN and click on the "Deposit" button.
- Click "View Deposit Address" and copy the URL (it should be something like
https://poloniex.com/public?currency=GRIN&command=createDeposit&id=xxxx
) - On your Grinmint dashboard, click the "Settings" tab, paste the previous URL in the "wallet url", enter your password and click the update settings button.
- Finally, go to the "Payouts" tab and click the "Withdraw/Finalize" button. Go to the HTTP tab, enter your password and click the "Withdraw" button.
Can I mine with a CPU?
Yes, you can mine with a CPU. However, it might take several hours to find
a single share.
Can I mine with a GPU?
Yes, GPU mining is currently the most profitable way to mine Grin.
How much is the Grin block reward?
The block reward is 60 grins.
What is the Grin block time?
The Grin block time is set to one minute.
How can I receive my grins using HTTP payouts?
In order to receive grins directly in your wallet with HTTP payouts, you
have to set a valid wallet IP or domain in your dashboard settings.
Why can't I receive grins with HTTP payouts
Make sure your wallet is reachable from the outside. In your
grin-wallet.toml
,
you must have set the following value
api_listen_interface = "0.0.0.0"
.
I just received a file by email just after I clicked the "Request Email Payout" button. What do I do with it?
In order to receive grins in your wallet you need to do two things.
First, you have to "receive" the transaction in your wallet with the 'grin
wallet receive' command.
Finally, upload the transaction in your dashboard by clicking the "Finalize
Transaction" button. That's it!
How long does it take for my payouts to be mature?
Grin requires at least 24 hours (1440 blocks) before the coinbase is
transferable.
Where can I learn more about Grin?
You can learn more about Grin in the
Grin Wiki.
Why
do you recommend that I put +randomvalue
in my email? Do I
need to create such email? Will I still receive email on my mailbox?
By using a
+randomvalue
after your email, it is harder for
someone to know your account. You don't need to create such specific email
account. By default email sent, for example, on satoshi+1234@nakamoto.com
lend on satoshi@nakamoto.com
.
I cannot request HTTP payouts or update my settings. Its say my account is "Limited". What is happening?
Your account was created without password. You can only request email
payout. If you wish to create a regular account with the same email, simply
add a wildcard in your email e.g.
satoshi+randomvalue@nakamoto.com
and don't forget to specify a password in Stratum!
I don't see anything on my dashboard.
Make sure you miner is submitting share. It can take a few minutes before your miner appears on your
dashboard.
My hashrate is lower than the hashrate reported by my miners.
We compute your hashrate based on the number of shares you submitted in the
last 10 minutes. If you want to check your effective hashrate (hashrate
based on the number of valid shares submitted) on Grinmint, you can do the
following:
Take
Compute the following:
Finally, most of the mining software are overestimating your hashrate.
N
, the number of shares submitted in the last hour.GPS = D*42*N/3600
, D
is the pool
difficulty. Currently 4.My payout is stuck on requested.
We pay the payouts on a first come first serve basis. Please be patient
your payout will arrive.
What is PPLNG and how do you calculate the payouts?
PPLNG stands for Pay Per Last N Graphs. Everytime we find a block we:
Look at the shares submitted in the last hour.
Each share is assigned a share value based on its graph weight (C33 is worth more than C32)
We make a sum of this weights and we divide the block reward (including transaction fee) by
it.
This give us a base reward per share regardless of the graph weight.
We pay each user by multiplying this base reward per share with the number of shares of a
type
per block and
the
share value of this type of share.