In this quick guide, we show you how simple it can be to mine the Flux cryptocurrency on a Windows computer equipped with NVIDIA graphics. This project has recently gained a lot of attention because of a technology on the Flux network called parallel assets, which are basically flux tokens that exist on multiple blockchain networks at the same time.
What is flux?
Flux is the self-proclaimed provider of a critical, high availability infrastructure for the New Internet. A comprehensive suite of decentralized computing services and blockchain-as-a-service solutions.
The Flux ecosystem consists of: Fluxnodes’ decentralized infrastructure, FluxOS cloud operating system, Zelcore self-custody multi-asset wallet and blockchain app suite, and finally the Flux blockchain for on-chain governance, economics, and parallel assets to provide interoperability with other blockchains and DeFi access.
Why mine Flux over Ethereum?
Parallel assets makes mining Flux more profitable over other tokens because for every block reward you receive from mining, you will also get an additional 10% of each of these parallel assets. There are currently 5 Flux parallel assets with another 5 to come which means Flux mining block rewards will increase even further in the future.
Is mining Flux profitable?
At time of writing, a single GTX1080 is capable of earning a little over 1 Flux token per day. Due to recent price increases, Flux is currently trading around $1.88 with a fully diluted market cap of $822,336,576. If Flux was to enter the Top 100, its price could trade around $7.00 with a total crypto cap of $2.7 Trillion.
After considering the cost of electricity and wear and tear on hardware, it can be profitable for someone who already owns a powerful GPU or mining rig. Those looking to buy new hardware now will be hard pressed to turn a profit within their first year considering most new graphic cards are selling for well over $1,500 a piece.
For the purposes of this guide, we are using a single NVIDIA GTX1080Ti graphics card running on a Windows 10 PC. Flux can be mined with AMD GPU’s as well. Its recommended you have at least a GTX 1050 or AMD equivalent.
Step 1. Create Your Flux Wallet
Depending on your strategy, you will want to create a wallet either through a trusted exchange or by downloading the official Zelcore wallet. Miners with low volume looking to immediately dump their earnings can use an exchange, while high volume earners and long term holders will want to use the official wallet. Be careful when using an exchange wallet as your address could change!
Step 2. Download Gminer
Step 3. Connect to Mining Pool
In this example we are mining with fluxpools.net. After downloading and extracting the Gminer software, simply create a new text file using the fluxpool configuration tool to generate a configuration file similar to the one shown below.
miner.exe --user [YOUR_WALLET].RIG1 --server us-flux.fluxpools.net --port 2001 --pass x --algo 125_4 --pers ZelProof
Save the textfile as “mine_flux.bat” in the same directory as your “miner.exe” file and close your text editor. You should now be able to double-click the file to start mining Flux.
If everything is configured correctly, you should be able to visit your mining dashboard at fluxpools.net and monitor your rig in real time. Your mining window should be accepting shares.
Step 4. Tune GPU
The final step is to get your GPU running as efficient as possible. During our trials, we were able to achieve 50 Sol/s at around 200W of power. You will need to experiment with GPU tuning software such as MSI AfterBurner, to determine the best hash rate per watt ratio.
Now just monitor your mining progress over the next few days using the dashboard. Depending on your hardware, you should start receiving Flux rewards within 24 hours.