Difference between revisions of "Decred"
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Latest revision as of 08:19, 4 February 2020
| Decred | |
|---|---|
| Ticker symbol | DCR |
| Mining | |
| ❌ Cannot be efficiently mined with CPU | |
| ❌ Cannot be efficiently mined with GPU | |
| ✅ can be efficiently mined with ASIC | |
| Development | |
| Initial release | 0.0.1 / February 7, 2016 |
| Website | http://decred.org |
| Ledger | |
| Supply limit | 21,000,000 |
Contents
About Decred
Decred is an autonomous and community-driven cryptocurrency. It was created to provide an alternative to Bitcoin. The fundamental PoW base layer of the Decred blockchain is extended with PoS to provide an additional layer of security and a formalized governance model. DCR mining uses the Blake256r14 mining algorithm.
Mining guide
Get suitable hardware
View our miners page to discover the most profitable ASIC machines for DCR.
Configure the miner
Your miner must be connected to one of the F2Pool servers, you must use a mining account registered on F2Pool and a wallet address that can receive DCR for your hashrate and revenue to be recorded and monitored.
Enter the following information on your mining device:
- URL:
stratum+tcp://dcr.f2pool.com:5730 - Username: walletAddress.workerName
- Password: anything
Note: workerName is optional, however we recommend connecting each mining device with a separate workerName for efficient monitoring.
Add a payout address
A payout address is required to receive your mining revenue. You can add/change your payout address from Payout Settings.
Mining revenue is distributed daily to every user that reaches the payout threshold. Details about payout method, fees and threshold can be found here.
If you do not have an address yet, you need to get a wallet first. We recommend DCR full-node wallet or Cobo Wallet. Alternatively you can choose a custodial wallet (exchange) such as Binance or Huobi.
