Hello Miners!!! If you are wondering how to mine Alloy (XAO) you have come to the right page. First let’s start with, What is Alloy?
Alloy is a cryptonight ultra-heavy algorithm cryptocurrency that is a privacy-based coin like all cryptonight currencies. Why ultra-heavy? The devs chose to make it ultra-heavy to add a larger barrier to ASIC miners and rental miners in order to give the smaller home based miners a better chunk of the earnings.
So how do I mine Alloy?
To get started mining Alloy first you will need a wallet address. There are a couple of ways to get his done. First, is you can use Alloy’s official Paper wallet found at https://alloywebwallet.com/ or you can download the Windows GUI wallets from their official github account found here at https://github.com/alloyproject/alloy-gui/releases and for the CLI wallet here https://github.com/alloyproject/alloy/releases. Once you choose and get your wallet address you can really get started.
Ok, I got my wallet address now what?
Next, you will need some mining software. Because Alloy uses a unique algorithm most mining programs might not work. To be sure that your miner will work we recommend using one of the official mining apps for Alloy
- MultiMiner can get you mining Alloy in just a few clicks and can be found here https://multiminer.us/downloads
- XMR-STAK Alloy found here https://github.com/alloyproject/xmr-stak-alloy/releases
- or XMRIG Alloy for NVIDIA cards found here https://github.com/alloyproject/xmrig-nvidia/releases
- SRB Miner found here https://bitcointalk.org/index.php?topic=3167363.0
Now that you have mining software you will need a pool. Choosing a pool will mean deciding a few things. Which pools are trustworthy, which pools best fit my needs? Should I choose a large pool or small pool? We, of course, recommend our pool here at https://alloy.arhash.xyz but an official list can be found at https://alloyexplorer.com/#/pools
I started mining Alloy but it is mining slower than other CN coins.
Because Alloy uses an ultra-heavy algorithm you may experience slower hashing speeds than you do on other algorithms. On each of our AMD RX 580 8GB cards we are getting 450-500 H/s when on CN Heavy we normally get 1050 H/s and 1100+ on normal CN. But because there are no ASICs nor rented miners on the network you can find blocks solo mining at 1000H/s or less. at the time we are writing this the network hash rate for Alloy is only …