In blockchain technology, mining is not a word alien to it. In fact, the very foundation of cryptocurrency was built on mining. This foundation over time has been built on by many projects which serves as an opportunity for miners, especially those who are technologically savvy and boast of other requirements to carry out mining activities.
Mining has never been an easy task to venture into. The details, process and requirements involved are what makes it the choice of a few blockchain enthusiasts. However, this adventure which seems to be the exclusive preserve of a few is what Epik Protocol seeks to break by intimating potential miners on how to mine the EPK.
Epik Protocol as a project is championing the course of AI integration in blockchain technology. The developments over time testify to this. Epik Protocol no doubt leads in AI data storage infrastructure. The testnet of the Epik Protocol token, the EPK was a huge success. There were 10,000 worth of EPK tokens shared per day by miners. On the Mainnet, there is now a massive upgrade to that as 238,000 EPKs will be shared daily by the miners on the mainnet app.
Granted, there are different exchanges where EPK can be bought, mining is another avenue where the tokens can be mined. Miners and potential miners should note that these steps and requirements to mining EPK are easy as they are not as complex as mining on other mining sites.
THE REQUIREMENTS TO PARTICIPATE IN THE MINING EXERCISE
The success of the mining exercise depends largely on some requirements that must be put in place before the mining itself starts as failure to have these in place will greatly undermine the mining process which could lead to a failure. These can be grouped into two forms for easy comprehension; hardware and software requirements.
The mining of the EPK requires a computer that can solve intriguing and complex mathematical equations, hence it can not be done on a mobile handheld device. The hardware requirements are:
● A computer boasting these features for starters: 8 CPU, storage capacity of 250GB SSD/2TB HDD.
● GO programming language must be installed. Any version from 1. 15. 5 would be okay. Being a large file both large storage space and patience are needed while downloading it.
● Certain softwares like Amazon Linux 2, XCode Command Tools, MacOS and more.
● Download and set up the Epik Wallet. The setting up is easy. This is needed in the mining exercise later on. The Epik Protocol repository can be cloned on GitHub. Download of the proof parameter should be done before the first boot.
● An independent public network IP is recommended to connect nodes.
In configuring the nodes, miners must ensure the nodes are configured using the EPIK_PATH configuration file which must be altered so as to ensure its LibP2P matches the node configuration that will be needed for the functionality of the setting mining rig later. After the node configuration, the node should be stored. Wherever the nodes are stored, either cold storage or other units of storage, it has to synchronise.
ACTIVATING THE NODE
Following closely the configuration of the node is launching. This can be activated by inputting the required codes for activation. Epik Daemon needs to be booted for this to work.
CREATING A WALLET
As stated earlier, an EPIK wallet is a needed requirement in the mining of EPK. After successfully downloading and setting up the account, the private keys should be exported. This is needed because the details of the miner’s wallet needs to be on the node.
Before this, a miner profile needs to be set up as the miner ID details would be much needed in setting up a miner configuration.
MINING YOUR EPK TOKENS
Mining will commence when the miner deposits a minimum of 1000 EPKs into their wallet functioning as a pledge. About pledges, there are two. Basic pledge is 200 EPK tokens.
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