Mining Guide

Bitmark Mining Guide v0.9.7 fork

There are 8 Proof-of-Work algorithms which mine Bitmark and add blocks to its blockchain:

Proof of Work Algorithm	Number pow_algo_id	Merge-Mineable with – (many possibilities)
SCrypt	(0)	Digibyte, Gulden
SHA256d	(1)	Bitcoin	sha256d
Yescrypt	(2)	Unitus	yescrypt
Argon2d	(3)	Argentum, Unitus	ar2
X17	(4)	Verge	x17
Lyra2REv2	(5)	VertCoin, Unitus	lyra2REv2
EquiHash	(6)	ZCash	equihash / special executable needed
CryptoNight	(7)	Monero	cryptonight

Bitmark has an inter-block time target of 2 minutes (Beta=120 seconds).

In order to achieve this block time with 8 algos contributing, each algo’s mining difficulty is independently governed by DGWv3 to achieve a 16 minute inter-block (Beta=960 seconds).

Setting the Reference Node’s Mining Algorithm

It can be set manually via command-line client bitmark-cli (here aliased to ‘marks’, here setting the mining algo to Argon2d:

marks setminingalgo 3

or,

via configuration file setting in ‘ ~/.bitmark.ionf ‘ :

miningalgo = 3

Note: the conf file parser only recognizes numeric codes for the proof-of-work algorithm; pow_algo_id;

Pooled Mining	SCrypt	SHA256d	Yescrypt	Argon2d	X17	Lyra2REv2	EquiHash	CryptoNight
http://www.smilingmining.com	√	√		√	√	√
https://mp3.markmine.io	√	√		√	√	√
https://drkmrk.xyz								√
http://yapool.net	√

Solo Mining

The client is able to mine

setgenerate true

cpuminer -a -o http://localhost: -u -p -t –coinbase-addr=

Your node’s mining algo must be set either on startup by the bitmark.ionf configuration fileminingalgo=3or through a CLI RPC commandbitmark-cli setminingalgo 3

SHA256 Hash (GUI):
4b9f31686ecaad97cdb175e6574bf307f8d1c410
427825f4304c21da8aac1864

Bitmark - The Original Marking Cryptocurrency

Mining Guide

The BitMark Wallets