Jan 12, 2022
Mining Rubix Tokens — What You Need To Know
To mine Rubix Tokens, you must first download the blockchain software and run it on your computer or in the cloud VM. You’ll need to provide a createDID.png image during Decentralized Identity (DID) setup, this will create a public address where you’d like to receive your tokens.
The next step is to check the Rubix folder created in the applications folder or program files based on your OS. Keeping your node alive will start the mining process and you should see the miner’s output appearing in your terminal window when a transaction is being validated by your node.
The node can take a while before you can mine your first token; The good news is that once it finishes syncing, you can leave your computer running and mining away — you can have your terminal window running 24/7 in the background.
Mining is based on the credits you earn for validating transactions in the network. You earn credits for every transaction you validate. Credits are awarded for validating, and cannot be purchased or transferable. All transactions made using Rubix tokens are recorded on the blockchain and are publicly available.
The first step to mining Rubix tokens is to determine the level at which they are being mined. The network has been segmented into multiple levels. Each level requires a different amount of credits to mine a single token. Refer whitepaper for more info.
When a validator calls /mine endpoint in the node, node communicates with one of the oracle (advisory service which keeps info of other nodes, level, credits required to mine a token for the current level, token number etc)
Mining Rubix Tokens (RBT) is one of the most promising investment opportunities of the year. Potential for mining is high given the rates at which apps are being built on top of network. The mining process and calculations may seem very difficult, but it’s easier than you think. If you have a decent computer, you can start mining Rubix Tokens right away!
Here’s what you need to know:
Mining is CPU based and does not require high end GPU devices.
Minimum requirement is 4gb ram computer with SSD.
The faster your internet connection, the more tokens you can mine.
Very low setup cost had proven to help experienced validators to setup clusters of nodes instead of individual nodes, in turn helping the network.
