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Primecoin is a CPU mined cryptocurrency. The algorithm used as proof-of-work depends on the generation of special strings of prime numbers, called Cunningham chains and bi-twin chains. This means that currently unlike Bitcoin or most other cryptocurrencies, the proof-of-work cannot be accelerated using video cards or special mining hardware.
Web servers, made for generating as much pages per second as possible, are often very good for these types of calculations. This guide will show you to set-up a virtualized cloud web server step by step and use it for Primecoin mining. First we have to register an account with a cloud server provider. One of the best providers for cryptocurrency mining is Digital Ocean. Click here to set-up an account. Enter your email adress and a password in the form like the one below.
The next step is to charge your account with 10 dollars using your credit card or PayPal account. Click the green "Get Started" button under Update Billing. Fill in either a credit card or your PayPal information. Digital Ocean is a great place to mine, but they may close your account if you only use free credit for mining. Once you are a paying customer they won't touch your account.
See the sidebar for current promos. B Fill in a server name, in this case: We will go with the cheapest option. Choose the latest Ubuntu Linux.
If you have an earlier droplet set-up for mining Primecoin you can shut down the droplet, make an image from it, and set-up a new server using this image. D Click on the blue "Create Droplet" button. You'll receive an email with the username and password to login in your newly created server! A Access the server by selecting your droplet, clicking the newly created server and clicking access. The blue button allows you to access the console from the web.
The blue box displays the snapshot possibility that allows you to clone the server after it is set-up properly. B Type in root as user and copy and paste or type in the password you have received in your email. You will be greeted with a command line like this after a successful login:. Copy and paste over this command and press enter:.
D Now install the requirements for the mining software and then download and install the mining software. Copy over this line and press enter:. E The command above will take serveral minutes to complete. When the command line shows the " " symbol again you can continue. The next step is to setup and start your miner. We'll use the Beeeeer. Replace the "your xpm address here" in the command with your real address and copy the command to the server and press enter.
Adjust the -genproclimit flag with the number of 's you ordered. You don't need to change the password field. F Congratulations, you are now mining!
You can close the browser and the server will continue mining. The screen output should look like the picture below. The mining speed is accented in the red box. G When reconnecting with the server, type this to see the mining output again. The pool will automatically pay-out to the used address if you reach 3.
You can run multiple miners on the same address to speed up the mining process. Check your current balance on the pool by filling in your address in this url. Join the forums and ask your question you might have. The community of Primecoin will help you out.
Cloud Mining in 5 Minutes. Introduction Primecoin is a CPU mined cryptocurrency. Get an account First we have to register an account with a cloud server provider. Setting-up a server A Click on the blue "Create Droplet" button. Set-up the miner A Access the server by selecting your droplet, clicking the newly created server and clicking access.
You will be greeted with a command line like this after a successful login: Copy and paste over this command and press enter: Copy over this line and press enter: