How To SOLO Mine NIMIQ [NIM]
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Preamble:
Pool Mining is like a Group Lottery, each Share is a ticket and you will be rewarded proportional to the amount of Tickets you had.
But if you had a Huge number of Tickets — why would you share your potential rewards? This is why you might want to start SOLO-Mining.
SOLO Mining is like mining on your own private Pool.
You receive all rewards (minus poolfees) from the Blocks you found, but you will not receive any Blockrewards of others.
As the name Implies, you are actually Mining on your own, without the help of others so this is only recommended with really Big Hashrate!
Make sure your Miner has the abillity to set a Stratum Password as this was not possible in some older Versions, here are some known working Miners:
What mode to Mine should you choose?
This is a common Question, it boils down to the following:
DPPLNS Pool Mining:
Miners with a small Hashrate who want to earn a steady income
SOLO Mining:
Miners with a considerable Amount of Hashpower to ensure you find enough Blocks. This is usually best for Farms or Nicehash Miners.
- Set the Password in your Batchfile by adding (or editing) -pm=solo
(You need to do this for all workers which should Mine Solo, If you got 3 Rigs and all should be Solo, replace the passwords on all of them) - When you connect to the Pool using the password m=solo you will get most of the rewards if you find a Block, but only if your ticket finds the Block 😉 (See FAQ Section on fees)
- You can Doublecheck if your Miners are in Solo Mode by checking the Workers Page of your Wallet. The Miners should be listed as “[SOLO]”
Switching back to Pool mining
To switch back to pool mining simply choose another password and start mining again!
- Setting any other Password than m=solo will get you back into DPPLNS Pool Mining
You will see Rewards on your Wallet Page Listed with a blue “SOLO” in the Status section YAY!
Q: What are the fees?
A: Fees will begin at 2% SOLO 1.25% DPPLNS (unchanged) and will be adjusted periodically to ensure no more then 40% of the pool is using solo. As some farms move to SOLO, the overall number of blocks found will not change, and will be no impact on profits to PPLNS miners. This is because each PPLNS block will be worth more.
Q: Will I earn less as miners move to SOLO?
A: No, as some miners move to SOLO, it will mean larger but less often percentages for PPLNS miners. This will balance out. We will also adjust fees aggressively to maintain a healthy split.
Q: Why did the Pool find Blocks but I didn’t receive a reward?
A: Most likely the Block found was found in another Mining Mode.
So if you were DPPLNS Pool mining it’s likely it was a SOLO or PARTY Block where you don’t receive Rewards.
You can imagine it like multiple pools in one, where you only receive the rewards of your “Pool” (of your Mode/Party)
Q: Why didn’t I receive a reward in a long time?
A: If your Miner is showing up in the GUI and has no Errors it’s quite likely it’s the same reason as above. Your Mode probably just didn’t find any Blocks in this time.
A Work in Progress Guide by MrT with many thanks to InfiniteImp and the whole Icemining Comunity for the constructive Feedback!
Happy ⛏️ Everyone =)
NIMIQ
The Browser-first Blockchain
You are using the Nimiq Testnet. Testnet Mining does not create permanent Nimiq.
The Testnet and your Testnet Nimiq balance may be reset at any time.
Note that mining on mobile devices drains your battery.
See complete Disclaimer.
Join a mining pool to get more consistent payouts.
Connecting to the mining pool failed, currently solo mining .
You are using the Nimiq Testnet. Testnet Mining does not create permanent NIM.
The Testnet and your Testnet NIM balance may be reset at any time.
Always backup your Recovery Words, Password and Login Files. Please note that safe.nimiq.com, wallet.nimiq.com, hub.nimiq.com, keyguard.nimiq.com & miner.nimiq.com are not «hosted wallets». You do not create a hosted account or give Nimiq your funds to hold onto. You hold your keys that control the funds at your account addresses on your device. Nimiq only makes it easy for you, through a browser, to create, save, and access your information and interact with the blockchain.
Nimiq is not responsible for any loss. Nimiq, safe.nimiq.com, wallet.nimiq.com, hub.nimiq.com, keyguard.nimiq.com & miner.nimiq.com, and some of the underlying libraries are under active development. While Nimiq tests thoroughly, there is always the possibility something unexpected happens that causes your funds to be lost. Please do not place more than you are willing to lose, and please be careful.
Nimiq is not responsible for any and all risks associated with joining a mining pool. Mining pools are independently operated and we highly recommend you research the specific terms and conditions as well as trustworthiness and integrity of each pool and it’s operators. The information about each mining pool was provided by the mining pool operators. We do not guarantee its correctness.
Expected mining rewards constitute an estimate, no guarantee for a mining reward.
Note that mining on mobile devices drains your battery.
MIT License — Copyright © 2017 — 2020 Nimiq Foundation
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the «Software»), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED «AS IS», WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
How to Mine Nimiq (NIM): Complete Beginner’s Guide

Nimiq is a browser based blockchain. It was written in Javascript ES6 and because of this, the complete blockchain runs in the browser. The main goal of Nimiq is to solve the payment solution, and to provide a browser based payment solution of sending money. They also have nearly instant transactions as well. Nimiq is a CPU only mineable coin, since it uses the Aragon2D algorithm.

Now that we know the details about Nimiq, let’s get to mining some Nimiq!
Some General Mining Tips
So before we start this tutorial, most mining software will get flagged as a virus from virus scanners. Because of this, if your mining on your normal everyday use or gaming computer that has an antivirus installed, you will want to exclude the mining software from the antivirus. What I like to do, is I make one folder and then put all of my mining software in sub folders. I then exclude the top level folder from the antivirus and that excludes all the mining software.

Creating an Account
We first need to create a wallet. To do this click here. You will want to create a new account. First you have to pick an avatar.

Make sure to write that address down, because that is your public key.Then you can create the seed words.

Make sure you write down your seeds words because this is your private key (how you spend your funds). You can now login to this account by restoring the wallet using your seed words. By logging in you can then send funds using the web browser. Make sure you use https://safe.nimiq.com/#/_account/ to login.
Mining Pool
I chose sushipool for mining. They seem to have the most features and a 0% fee as of right now.

CPU Mining
There are two different ways you can mine using your CPU. You can download the miner onto your computer. I tried to download sushi miner for windows and it did not work. I also tried downloading the official windows miner from nimiq.io, but it requires you to download the full blockchain. This also was kind of glitchy, so I am not sure what exactly was going on. If I was mining this coin I would probably try the software, but if you have problems with it, or don’t want to download the whole blockchain, then the web mining is probably the best way to go. I feel this is the easier way to mine and had some unique features compared to the software mining.
You can also mine using the web browser.
We will cover the official miner first.
Software Mining
Download the official miner at https://nimiq.com/#downloads It is available for Windows and Linux. Once you download it and install it, you need to open the config file. The config is located in Appdata/local. You should be able to open the folder by typing %LOCALAPPDATA% in your search bar on the windows start tab.

For the config file I am using this config
Replace the host and port with whatever mining pool and port they use, and replace address with your address.
Then run the miner. It should be in the all programs folder in the start bar under Nimiq folder. If it gives an error and closes, that means your config file is setup incorrectly, syntax wise. If setup correctly, it will start downloading the blockchain. It took 12 hours for me so it could take a while. It should start mining after this.
Web Mining
First go to https://safe.nimiq.com/#/_account/ to login. Then click the + button by your accounts, and import your recovery words.

Once logged in go to https://miner.nimiq.com/ and then connect to the network. You will want to connect to a mining pool once you start mining. By default you are solo mining. This means when you find a block you get all of the block reward, but it could take a long time to find one. I noticed on the bottom, it said for me it was estimating 6 months for me to find a block solo mining. Once connected you need to login to a pool, so select a pool from the list by clicking on the mining pool box.

You can also go to your mining pools website directly and connect to the CPU miner, but I found this to be easier, and you can quickly switch between pools if one drops the connection, since this did happen to me while mining.

How much Nimiq will I earn per day?
To figure this out, you would go to https://calc.nimiqx.com/ and use their calculator. The calculator does provide a rough estimate, so you may get paid a higher or lower amount than what the calculator actually says.
Most of the values are already correctly entered, and you only need to edit a few values.
Hash rate: Enter your total speed (in kilohashes per second) for all of your mining computers. This would be the “total speed” value in your mining software. Make sure to add up all of the computers your using for Nimiq mining.
Power: Enter the total amount of power (in watts) that your mining rig is using. Some mining software will measure this for you. You can also measure total power consumption for your computer using special software, or a kilowatt meter. I prefer using a kilowatt meter, because I find it to be the most accurate. Make sure to add up all of the computers your using for Nimiq mining.
Cost: Enter the cost per kilowatt hour that you pay to your electricity company. I was able to find this info in my monthly bill, as well as on their website.
Pool fee (Under advanced options): Enter the pool fee + the miner software dev fee. For our example you would enter 0
Hardware cost: Enter in the total cost of all of your hardware.

That’s it. You should now be mining Nimiq!
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Пулы для майнинга Nimiq
Список некоторых пулов, в которых можно вести майнинг Nimiq.
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