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www.pkt.cash

pkt.cash website

How to mine

In order to begin mining, you’ll probably want to have your wallet setup. Once you have a wallet and an address configured, you will need to setup PacketCrypt for mining.

How PKT mining works

PKT chain uses a unique PoW algorithm known as PacketCrypt. PacketCrypt is designed such that efficient mining is achieved only if miners communicated between one another, since this communication is potentially a lot of data, PacketCrypt is thought to be bandwidth hard.

PKT mining consists of two distinct stages, the first stage is known as announcement mining. Announcements are small 1KB proofs of some work having been done. Any miner who can then prove that they had the announcement in memory at the time they were mining is eligible for a discount on the amount of work which they need to do to mine a block. Importantly, an announcement miner can optionally attach some additional content to an announcement which, due to it’s value to block miners, is sure to be spread far and wide.

An announcement is essentially a broadcast message, sent out to anybody who cares to listen.

The second stage is of course block mining, the type of mining which we’re all familiar with. In the PacketCrypt system, a block miner needs to download lots of announcements in order to get the largest possible discount on the work that they need to do.

Setup PacketCrypt

If you’re using Windows, please install Ubuntu from the app store, native windows support is not here yet.

In order to use PacketCrypt, you will need a compiler, libcrypto, libsodium and a recent version of nodejs. For nodejs we recommend using nvm.sh to install.

Ubuntu

In order to build on Ubuntu, you will need to enable to universe repository to be able to install autoconf-archive.

sudo add-apt-repository universe
sudo apt-get update
sudo apt install pkg-config libsodium-dev autoconf-archive git libssl-dev build-essential

Once the requirements are installed, get the source code and build it:

git clone https://github.com/cjdelisle/PacketCrypt
cd PacketCrypt
./autogen.sh
./configure
make
npm install

Apline Linux

Make sure you have the community repository enabled.

sudo apk update
sudo apk add nodejs npm autoconf automake autoconf-archive build-base git libsodium-dev openssl-dev

Once the requirements are installed, get the source code and build it:

git clone https://github.com/cjdelisle/PacketCrypt
cd PacketCrypt
./autogen.sh
./configure
make
npm install

Apple OSX

Make sure you have homebrew installed first.

brew install libsodium pkg-config autoconf-archive openssl

Once the requirements are installed, get the source code and build it:

git clone https://github.com/cjdelisle/PacketCrypt
cd PacketCrypt
./autogen.sh
export PKG_CONFIG_PATH="$PKG_CONFIG_PATH:`echo /usr/local/Cellar/libsodium/*/lib/pkgconfig`"
export PKG_CONFIG_PATH="$PKG_CONFIG_PATH:`echo /usr/local/Cellar/openssl/*/lib/pkgconfig/`"
./configure
make
npm install

Mining

Once you’ve completed building PacketCrypt, you can begin mining. There are two types of mining available and pools should typically make about 50% of their payment to their announcement miners and 50% of their payment to their block miners.

Devices with low available memory and/or slow internet connection should prefer to do announcement mining while devices with high speed internet and lots of available memory may prefer block mining.

These examples have you mining in the GridFinity mining pool and also giving your coins to cjd, make sure you update the --paymentAddr appropriately unless you wish to make a donation.

Announcement mining:

node ./annmine.js --threads 2 --paymentAddr=pDSxcZunaUSUSxHrL6r8zpGJvoEropJ3Es http://pool.gridfinity.com/master

Block mining:

node ./blkmine.js --threads 2 --paymentAddr=pDSxcZunaUSUSxHrL6r8zpGJvoEropJ3Es http://pool.gridfinity.com/master

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