How to use KCV Mining Pool
What is KCV Mining Pool?
Individual miners can pool their funds together and mine CityCoins as a team.
There are two main options for mining pools:
— Custodial: an administrator for the pool will manage funds, make contract calls, and issue payouts to pool members
— Non-custodial: powered by smart contracts, miners can participate simply by sending a transaction and the contract manages the mining and payouts
Community-run mining pools like KCV DAO’s have proven popular with CityCoins miners, and provide fully democratized access to CityCoins mining across many blocks, helping significantly reduce individual miners’ risk.
Important: You need to use Hiro wallet and access the KCV Pool to start your mining journey.
- Install Hiro wallet using the Chrome extension. You must use the Chrome extension to participate. Please DO NOT use the Desktop wallet or any other browser.
- Install from https://www.hiro.so/wallet
- Set up your wallet, which just involves saving your passphrase and creating a password.
- The minimum participants in KCV POOL is 100STX, and less than 100STX cannot participate. A small transaction fee will be charged in HIRO wallet.
To Join KCV POOL
Step 1: Open KCV POOL and Connect HIRO wallet
Step 2 : You can enter the number of STX that you want to participate in. The minimum amount to participate is 100STX. It is not possible to participate in a mining cycle with any STX below 100 STX.
Step 3 : After you enter the number of STX, confirm the Smart Contract that you agree with mining through the ‘ Join ’ button on the right side of it.
Step 4 : When the contract is completed, you can check the number of STX you participated in and your share ratio on ‘ MY POOL ’ page.
To Check My Wallet
Step 1 : Enter your wallet address that you used to mine here
Step 2 : After entering your wallet address, click ‘ SEARCH ’ button
Step 3 : Check your wallet address on the wallet list below
KCV MINING POOL
For users’ convenience, we will list vocabs that are used on the website. Get more detailed information and avoid any confusion.
Stacks Block : Current STX Block
Stacking Start : Next Stacking Starting Block
Pooled STX : The amount of STX gathered in the current pool
Target STX : The target amount of STX
MINING STATUS
Upper
Pool : Current Pool number
Stacks Spent : Total number of STX used during the current pool
Wining Blocks : Total number of blocks won during the current pool
Total Mined $NYC : Number of NYC coins mined during the current pool
Under
Current Pool : Current mining round number (ex: 1–1, 1–2)
Remaining Blocks : Number of remaining blocks in the ongoing mining round
Winning Blocks : Number of blocks won during the current mining round
Current Mined $NYC : Number of NYC coins mined during the ongoing mining round
MY POOL
Pool : The pool that you are currently participating in
Total Participated : The amount of entered STX
My ratio : Your share ratio of STX in the pool
Current Reward : Number of CityCoins you earned during the cycle ( Total mined $(CityCoin)*My ratio)
