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Komodo Mining Pools – How to Mine Komodo?

How to Mine Komodo – Komodo Mining Pools

In this CoinQuora mining article, you will learn many things about crypto mining, especially the Komodo mining pool. However, this article must not be taken as financial advice. Instead, we recommend that you do your own research before entering the world of crypto mining.

Now let us go deeper and discuss this CQ article about Komodo mining and Komodo mining pools.

What is Komodo?

Komodo is one of the most active virtual assets in the crypto world. In fact, the crypto was able to record a growth rate of almost +800% in April this year. The crypto is an open multi-chain platform forked from Zcash, a privacy-oriented crypto fork of Bitcoin.

Regarding its technology, KMD is one of the most powerful forms of blockchain privacy in the crypto world. As a result, KMD provides the ability to convert money from a transparent address to a private address. Furthermore, KMD also enables its users to transfer money from one private address to another.

For developers, KMD offers the Antara framework, a technology that gives an end-to-end tool for blockchain developments. This includes a customizable, application-specific smart chain with a complete library of build-in modules and an API for creating blockchain projects.

On the other hand, traders and investors that are interested in buying and trading KMD can buy the token at many crypto exchanges. This exchange includes the biggest name in crypto exchanges such as Binance, Bittrex and Bilaxy. What’s more, some of these exchanges offer staking pools where users can mine and earn KMD as a reward.

Komodo Price Prediction 2021 – 2023

The market status and the cryptocurrency price are one factor that drives miners to mine the crypto. Of course, the better the performance of the crypto, the bigger the chance of it being mine.

In this article, we don’t just talk about mining, we also discuss the price prediction of the crypto. For this reason, traders and miners can have a good understanding of Komodo mining and its market position.

Furthermore, the price prediction of KMD based on the technical analysis made by the crypto experts could reach up to $1.45 in 2021. In addition, if the bullish market together with the global investors continues to favor KMD, its price may skyrocket. In other words, the price of KMD may surge to $1.75 in 2021, up to the bullish price of $2 in 2023.

Moreover, the KMD network never-stop developing its technology to provide the highest level of privacy to its users. With this, we can say that KMD is one of the cryptocurrencies with a future and good investment potential. Truly, this piece of good news attracts investors and miners around the world.

How to mine Komodo

The Komodo platform is one of the digital networks in the crypto world that offers various ways to mine its tokens. As a result, miners that choose to mine KMD will not be restricted from choosing how they mine the token.

The most popular way to mine Komodo is by joining a Komodo mining pool. In this way, miners can earn shared rewards faster and easier since computing power is shared in the group.

Another option is solo mining, in this scenario, the Komodo miners take the profit all by themselves. However, the solo mining procedure may take weeks or months before the miners make a profit. This is because of the strict competition in mining blocks in solo mining.

For beginners in Komodo mining, it is recommended to join a Komodo pool. In this way, freshmen in Komodo mining may earn rewards at a much faster phase. In addition, new miners can learn and develop new skills together with the other people in the Komodo mining pool.

How to Mine Komodo With a Computer ( GPU and  ASIC Miner)

In Komodo mining, the network offers different ways for miners to mine and earn Komodo rewards. For instance, the Komodo network enables its mining participants to use GPU and ASIC miner machines. In this way, miners can choose the best option that suits them best.

However, miners should also put in mind that the volume of mining rewards depends on the mining hardware that they will use. Furthermore, the market status should also be taken into consideration in order for the miners to maximize their profits.

Meanwhile, before we start, let us make sure that you have all the necessary requirements needed in Komodo mining.

1. A good, uncapped Internet connection

A good and reliable internet connection is one of the most important things that you need in Komodo mining. Also, you have to ensure that the internet connection in your place is unlimited. Of course, you don’t want to be cut out in the middle of mining which will also cut your profit potential.

For slow connection, consider upgrading your internet speed. Yes, slower internet speed will result in poor communication with the network, decreasing your chance of getting block rewards.

2. Electricity capacity

Komodo mining could require high electricity capacity. With this, you must ensure that the supply of electricity at your place is sufficient to handle the mining activities.

3. Komodo wallet

A Komodo wallet is important because this is where your reward automatically goes. There are many platforms in the crypto world that offer Komodo wallets. However, it is recommended that you do your own research to get the best wallet that fits your needs.

4. Heat management (e.g. cooling system, fans)

Last but not least, make sure that you have proper cooling management at your mining place. Mining equipment can be very hot as it runs, so you need to have a proper cooling system to

avoid overheating.

Now that you already know the basic requirements needed in Komodo mining, let us now learn how to mine Komodo.

Komodo mining using GPU – NVIDIA

Choose the mining software

In reality, there are many programs for NVIDIA. However, for this tutorial, we will be using EWBF’s CUDA miner. The official page and the downloadable link can be found at the link below:

https://bitcointalk.org/index.php?topic=1707546.0

After downloading the program, you just have to create a new batch file or script file for Linux. Then after creating a batch file inside the folder where the miner is, paste this into the batch file: miner –server mining_pool –port port –user wallet_public_key.worker –pass x –pec

Choose a Mining Pool

Next, replace the “mining_pool” with the preferred mining pool of your choice. There are many different mining pools such as miningspeeed, Zpool and Suprnova.

Replace “port” with the port you choose in mining:

3031 = CPU

3032 = GPU (one or two GPU’s, for example a gaming computer)

3033 = GPU mining farm (multiple GPU’s like 3 or more per computer)

3034 = SSL

3035 = nicehash (renting hashpower from https://www.nicehash.com)

Choose a Komodo wallet

There are many crypto wallets in the crypto world that support Komodo cryptocurrencies. For example, Iguana Wallet, EasyDex and Agama Wallet to name a few.

Replace “wallet_public_key” with the wallet address of your choice. Then, double click the batch file to run the miner. Sit back and relax while your miner does the work for you.

Komodo mining using ASIC

The ASIC miner is a machine that enables miners to gain more rewards in Komodo mining. In short, this machine can be very powerful compared to GPU. However, the ASIC miner can be costly, loud and can get very hot when doing Komodo mining.

Below is the procedure on how to mine Komodo using an ASIC miner:

Connect the ASIC miner to the power source and the internet

First, connect the ASIC miner to the power supply unit (PSU) and the power source. Then plug the Ethernet cable into the ASIC miner and make sure it’s connected to an unlimited and reliable Internet source.

Choose a Komodo mining pool

In choosing the Komodo mining pool, always do in-depth research about the mining pool. A good mining pool should have features such as a reward system, minimum payout, and trustworthiness, to name a few.

Find ASIC’s IP Address

In finding the ASIC’s IP Address, you should log in to your router’s setting, which is normally accessible by typing 192.168.1.1 in the web browser address bar. Then, enter the username and password, which is normally given upon router setup.

Once you are already logged in, navigate the portal, look for “Antminer” and copy the associated IP address.

Login to the ASIC’s Web Interface

Since you already have the ASIC’s IP Address, enter or paste it into the ASIC’s Web browser. The default username and password should be root, if not check the ASIC user manual.

Enter Mining Pool Information

After logging in, go to the miner configuration setting and enter the mining pool’s URL and password ( provided by the pool). Next, you will find the option where miners can put their Komodo wallet address.

On the other hand, miners can put additional pool information to the miner configuration setting. This is to ensure that if the main pool is down, ASIC can still continue its mining activities.

Done

Don’t forget to click save! After a few minutes, the ASIC miner should display a hashrate in the Miner Status tab. As a result, the miner is now working properly.

How to Calculate Komodo Mining Profits

As a miner, of course, you should know how to compute your mining profits. For this reason, we have provided you a step-by-step procedure on how to calculate your KMD mining profits.

Step 1: Go to https://whattomine.com/

Step 2: Click on Coins

Step 3: Search for Komodo or KMD as your keyword

Step 4: Input your hash rate, power, fees, and electricity cost

Step 5: You will see an estimate of how much profit you will earn each hour or day

Komodo Mining Pools

Nowadays, there are so many mining pools in the crypto world that support different types of cryptocurrencies. Interestingly, mining pools have different features that make them unique from one another. Therefore, miners must do an in-depth analysis to maximize their mining rewards. The recommended Komodo mining pools for KMD include Suprnova.cc, Luckpool and Coinblockers to name some.

FAQ

Can you mine Komodo?

Yes, you can mine KMD using GPU and ASIC computers.

Is Komodo a good investment?

Based on the continued development of KMD and its current market status, we can say that KMD is a good investment.

What is Komodo coin?

KMD is one of the most powerful forms of blockchain privacy in the crypto world.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.