entranceA few words about mining EXP (Expanse) cryptocurrency. Expanse - a promising cryptocurrency based on Ethereum technology Exp wallet
Hello dear readers of the blog site. For ten days I have not pleased you with new articles, but there are good reasons for this. But on my ]]> Youtube channel ]]> some interesting videos appeared.
In this article, I will touch on the topic of real mining on video cards, and in particular - mining EXP (Expanse) cryptocurrency.
Initially, I didn’t pay any attention to this cryptocurrency, but mythical stories that the price for exp seemed to have settled down and PAMP was waiting for us in the near future, made me think about mining EXP coins ..
Today I decided to try alternating mining, for example, mine ZEC for 1 day, and switch the farm to EXP mining on the second day.
Of course, ideally, it would be to build a second farm specifically for EXP, but again, I prefer to direct all my hashrate to mining one cryptocurrency and the more power, the more earnings. It's clear.
Why did I choose Dwarfpool for EXP mining?
Firstly, initially I tried to mine Expans using the SuperNova pool. Everything would be fine, but I did not like that with my 66 Mh /s (two new video cards will come one of these days and there will be more) I was constantly given 28-45 mH / s there ...
Maybe I misunderstood something, but I didn't wait a day for an experiment on a supernova and transferred my powers to Dwarfpool.
According to my calculations, by tomorrow morning I should have about 14 EXP... Which I will keep until the next PUMP.
If everything goes well, I will then spend a day and test SuperNova.
Yes, guys, the mining of cryptocurrency directly depends on the pool you have chosen, in the same way which mining program (miner) you use. I use latest version Claymore.
By the way, on the bullet Dwarfpool, it shows me my real speed, which is good. But it's too early to rejoice, we'll see the result tomorrow. And if everything suits me, I will write in detail about how to connect my video cards to this pool and mine this wonderful exp cryptocurrency.
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Expanse electronic currency is a platform for decentralized data, programs and smart contracts. It is based on Ethereum technology, with an encryption algorithm identical to it. The platform is operated by a small company, but the creators of the project claim that significant updates are introduced only after all miners and users of this coin have voted. It also allows for some stability. Thanks to smart contracts, the network is maintained by the users themselves. Distinctive feature is the ability to evaluate innovations that have an impact on the future fate of the site.
A little about the platform
Expanse digital currency was launched by Christopher Franco in the fall of 2015 and is a platform for the creation of various decentralized online resources based on the Blockchain. Despite the Ethereum architecture used as a base, the developers managed to create a truly distinctive project. Its main difference is that the network is managed only by the community. Influence from the outside is simply impossible. From the moment of launch, the platform immediately fell in love with miners and began to quickly gain popularity.
The network uses the principle of Proof-of-Work generation. The reward for each block is 8 EXP, while the time for creating a new one is 1 minute. The site works using the Dagger-Hashimoto algorithm. The total number of tokens is 11 million.
Expanse wallets are supported by operating systems such as Windows, Mac and Linux. You can also always exchange cash on a whole list of cryptocurrency exchanges. Currently, the site continues to grow and improve. Thanks to her, many people were able to get involved in blockchain technology and smart contracts.
Note! Since the coin is a fork of Ethereum, in addition to all its advantages and capabilities, it also took over vulnerabilities. Therefore, when choosing Expanse, this factor should be taken into account.
Among the coin's advantages are:
- Immutability. The site has remained faithful to the ideas of decentralization and free choice of the market. The changes are introduced only by a joint decision of the entire community of the system. Any attempts of control and manipulation by the authorities are suppressed.
- Stability. The network boasts a fairly high level of protection. It is attacked with varying strengths every day, but it continues to function. This clearly demonstrates the degree of reliability of operations carried out on the platform.
- Quite good values of liquidity ratios. Of course, Expanse can hardly compete with such a giant of the world of electronic currency as Bitcoin, however, it is quite capable of keeping the interest of a significant number of investors. Do not forget that liquidity is one of the main characteristics of the state of an asset on the market.
- Stability. Although the network did not gain the popularity of top altcoins, it was able to collect a sufficient number of loyal followers willing to support and mine the coin.
However, Expanse could not avoid some negative points:
- Negative fluctuations in the rate of digital cash have a rather noticeable effect on profits.
- Even the most reliable protection will not be able to completely protect from intruders. There is always a chance of losing financial investments as a result of the activities of hackers. In addition, if the password for the account is lost or the wallet is simply hacked, access to the digital currency will also be closed forever.
- The lack of security of cryptographic money makes it very difficult to forecast it in the electronic asset market.
- The main disadvantage of the platform lies in the method of earning itself, since for efficient mining, productive equipment will be needed that can perform complex calculations. Accordingly, the cost of purchasing new equipment and paying for electricity bills increases. At the same time, of course, no one will give guarantees that the money invested will bring profit or at least pay off.
However, the disadvantages discussed above apply equally to almost all existing types of electronic cash.
February 2016 was remembered by traders for a frenzied jump in the Expanse rate of 3 thousand percent. This kind of growth with colossal trading volumes has not happened since the creation of Bitcoin, in the winter of 2009. The event created a real sensation in the world of the cryptographic unit, because no one expected such agility from the next Ethereum fork.
Today the price of the coin has corrected and is located at around $ 2. The market capitalization has exceeded $ 15 million, while the total sales turnover is more than 300 thousand. Based on the stock market trends, we can conclude that in the near future no serious growth or fall in the value of this currency is expected.
Important! When playing the course with any amount of cash, there are many different factors to consider. This could be a start new version platforms, an increase in the complexity of mining or a hard fork.
The subtleties of creating a wallet
The technical implementation of Expanse is almost identical to that of Ethereum. This allows you to quickly introduce new opportunities through the adaptation of open software the original system. In addition, users who have mined Ethereum will be able to easily deal with this platform.
To start mining, first of all, you should download the latest release of the Expanse wallet for the required version operating system... Since the site is based on the Go Ethereum client, opening a GUI wallet account is available only on Windows and Mac. On Linux, to use the wallet, you need to apply command line... After downloading the appropriate version, it is installed.
This coin is mined in approximately the same way as Ethereum - you need to use the Ethminer application based on OpenCL (only apply Nvidia graphics cards). Everything required files and both miners are included in the archive that comes with the program. After activating the system, it will take some time for synchronization. After finishing it, the application will start working normally.
A full-fledged earnings of cryptocurrency implies the presence of at least 2 powerful video cards suitable for performing various processes. However, you can always turn to a cloud mining service where computing power is leased.
The future of the project
The future development of Expanse depends on a number of factors:
- The number of potential investors.
- Will new promising projects be launched on the basis of this site?
- Attitude towards digital money in various states. For example, in some countries in Asia, in Russian Federation and Ukraine, virtual coins are officially banned, being illegal. On the other hand, in the United States and Europe, electronic currency is allowed for use, but has an ambiguous legal status.
- Lack of speculation in the cryptocurrency market. Thanks to them, any electronic cash can take off overnight or collapse deafeningly.
However, whether Expanse will be on a par with Bitcoin or will take its place among many other obscure digital coins, only time will tell.
User attitude
Expanse has established itself as a fairly promising and reliable platform. Among its advantages, as a rule, are noted relative decentralization, good liquidity ratios, resistance to hacker attacks and stability of work. It is also considered to be an advantage based on Ethereum technology, since this makes it possible to avoid those vulnerabilities that the original network had.
Among the disadvantages of the presented cryptocurrency, they call the absence of significant projects based on it, the modest cost of 1 token, the unlikely, but still taking place, risk of interference from the developers. Summing up, we can say that Expanse is a very interesting platform for creating smart contracts, however, an unpromising and low-profit digital currency. If the main goal of the user is precisely to earn money, you should pay attention to other more profitable types of electronic cash.
The project started in the fall of 2015 as a result of the Ether fork. The project team includes:
- Christopher Franko - Founder and Principal Developer; specializes in full-stack development; early blockchain evangelist; CEO Borderless Corp.
- Marcia Lewis - Chief Operating Officer; has extensive experience in finance and IT; blockchain expert; in the cryptocurrency industry since 2013.
- Omar Alvarez - Creative Director; serial entrepreneur; experienced game designer; CEO of Gameboard.
- Asim Ashfaq - Software Architect and Senior Developer; miner with many years of experience; specializes in dapps development; was previously involved in several blockchain startups.
Functionality and features
The Expanse platform takes the primary architecture and code of Ether as a basis, making a number of significant changes, the main of which is the lack of centralization inherent in Ether. So, Expanse is a fully decentralized ecosystem, managed through DAO - Decentralized Autonomous Organization.By analogy with Ether, the platform also allows you to create dapps and work with smart contracts through the use of EVM - Expanse Virtual Machine (analog virtual machine Ether). Unlike Ether, which uses Solidity as a programming language, Expanse allows you to work with all known programming languages like JavaScript, C ++, etc., which are subsequently processed by a standardized translator.
The Expanse framework allows you to create three kinds of blockchains:
- public blockchain - open network in which consensus is reached through the opinion of the majority;
- blockchain consortia - a semi-closed network where consensus is achieved through a system of nodes;
- private blockchain is a completely closed network where consensus is centralized.
Several dapps have already been created on the basis of the blockchain of the project, among them are:
- VoteLock is a platform for decentralized and transparent voting.
- Borderless Identity Management is a decentralized data management platform.
- TokenLab is an ICO and asset tokenization platform.
- consensus protocol - Proof-of-Work;
- hashing algorithm - Dagger-Hashimoto;
- block reward - 8 coins;
- block generation time - 40 seconds;
- the maximum number of coins is 11 million EXP.
Mining and storage
Coins are mined through processors (CPU) and video cards (GPU), mining through ASIC devices is not supported. Mining through the CPU is unprofitable, therefore the most effective way mining are video cards from Nvidia or AMD. Recommended mining software:- ETH Miner;
- Claymore Miner.
- Suprnova;
- Dwarfpool.
Road map
The roadmap of the project has no chronological framework, but a number of activities are planned:- updating the main site;
- Whitepaper 2.0 release;
- MVP TokenLab launch;
- updating the Mist wallet;
- the ability to mine EXP through the Twitch streaming service;
- using a hybrid POW / POS protocol;
- launch of the second version of MVP Gander.
Perspectives
The project looks interesting, but ambiguous. The authors of Expanse have set themselves an ambitious goal - to bypass Ether, and so far they have been poorly at it. Also, this direction has a large number of competitors such as Neo and EOS, which reduces the project's growth potential.EXPANSE cryptocurrency is a relatively young cryptocurrency. It is believed that this is a fork of Ether and there is a lot of evidence of this on the network. On the this moment there are already almost 8 million coins out of 11 in circulation. The coin is trading well and is currently growing in value.
I did not delve into how much EXANSE coin is a fork of Ether - the task is not that, but how to make money. As soon as the time comes, I will definitely consider all forks of the ether.
This coin interested me for several reasons. Firstly, I need to mine something on my weak RADEONs, while I replace them with something more advanced, and this coin seems to me the most promising of all. About the algorithm. And at that time the price of the coin was in the region of $ 2. Today the price of the coin has already passed the $ 3 mark. Although judging by the graph below, the coin had brighter times:
So, here is a summary of the coin. Much of this will be needed in the future for mining:
Crypto currency: Expanse
Trading symbol: EXP
Total coins: 11,000,000 EXP
Algorithm: Dagger-Hashimoto
Generation system: Proof-Of-Work
Foundation date: 13.09.2015
Founder: Christopher Franko
Exchanges supporting this coin:
I will note once again that rumors have been circulating on the network for a long time that Ethereum mining may soon be canceled. And then all the capacities that are now used for mining will be reoriented to the production of just such coins.
On the official website, you will be immediately offered to download a cold wallet:
I will consider this wallet in even more detail in a separate article, since I am waiting for the entire blockchain database to download, but in the future, all coin reviews will include at least a review of the official cold wallet.
Well, or you can store your coins on the exchange if you don't have that many. I plan to mine coins and therefore do not plan to store them.
Following the recent release of the book on Ethereum (ETH), there has been growing interest in yet another cryptocurrency based on the ETH codebase. We are now talking about Expanse (EXP). This Ethereum fork is very similar in terms of use and mining on Ethereum, although there are some differences. Today we decided to tell you how to set up the Expanse daemon for local mining, as well as tell you about using a GUI wallet and how to start solo mining or mining in a mining pool.
Again, since this is a fork of Ethereum, many things are very similar, so if you are already familiar with Ethereum you are unlikely to have any problems with Expanse.
In today's example, we would like to focus on the Windows version, but it is worth noting that many of the steps will work for other operating systems as well. Note that it is based on the Go Ethereum client and the GUI wallet is currently only available for Windows and Mac, while in the case of Linux you will have to use the command line to use the wallet.
Mining Expanse (EXP) works in much the same way as Ethereum - you will need to use ethminer based on OpenCL, but only use Nvidia video cards (a version for CUDA is also available). Both miners, gexp and expwallet, along with batch files (.bat) are included in the archive below.
Generating a wallet address using the console
gexp-console.bat
- Enter into the console personal.newAccount ("password")
- Instead of the word password in quotation marks, enter your own password, and remember it well
- Enter into the console exp.accounts
- This command will list your Expanse wallet addresses
- To check the balance on the account, use the command: web3.fromWei (exp.getBalance (exp.coinbase), "expanse")
Generating a wallet address using the GUI
Open the expwallet-win folder and open gexp-console.bat to run Expanse in console mode
- The software must download the blockchain data, and this may take some time
- Click on the button NEW ACCOUNT and enter the password for the wallet, then repeat it and remember it well
- GUI wallet will show you the current account balance as well as present easy way transfer of funds
- At the moment, the GUI is only available for Windows and Mac, but in the case of Linux, you will have to use the command line.
Sending Expanse to Other Wallets Using the Console
First of all, you need to unblock the account by entering into the console next line: personal.unlockAccount (exp.accounts, "password")
- Enter into the console: exp.sendTransaction ((from: exp.accounts, to: "recipient_address", value: web3.toWei (1, "expanse")))
- In the above code, replace recipient_address with the recipient's address. In addition, in the example code, we send 1 Expanse, but you can change this value according to your requirements.
Sending Expanse to Other Wallets Using the GUI
Go to the Transactions tab, where you should see a familiar one graphical interface to send coins
- The From Address field should show the address of your main wallet, as well as a dropdown menu if you have multiple wallets
- Enter the recipient's address in the To Address field (I recommend copy and paste)
- Specify the amount of EXP you want to send and click on the Send Transaction button.
Run gexp in solo mining mode
To listen for connections exclusively to the local system, use the command: gexp --rpc --rpcaddr "localhost" --rpcport 9656
- To be accessed inside local network: gexp --rpc --rpcaddr "192.168.0.123" --rpcport 9656 Do not forget to specify your own IP address within the local network, as 192.168.0.123 is just an example
- To be available on the Internet: gexp --rpc --rpcaddr "x.x.x.x" --rpcport 9656 Do not forget to include your Internet IP address instead of x.x.x.x. Also make sure you have specified the correct port
Launch ethminer for solo mining
To mine locally with ethminer on the same PC where gexp is running, use the command ethminer -G
- For mining on a PC in the local network where gexp is installed and running, use the command ethminer -G -F http://192.168.0.123:9656 Be sure to include your own IP address within the local network, as 192.168.0.123 is just an example. Also, don't forget to disable the firewall.
- When using a mining rack for mining on the Internet on the same PC in the local network of which gexp is installed and running: ethminer -G -F http: //x.x.x.x: 9656 Don't forget to include the external IP address instead of x.x.x.x. Also make sure you have specified the correct port.
Pool CPU / GPU mining with ethminer
Open the ethminer folder and edit 3 bat files in it, adding your own wallet address to them
- For local solo mining, run the appropriate BAT file for CUDA / OpenCL: EXP-local.bat
- For mining in a pool, run the corresponding BAT file for CUDA / OpenCL: EXP-suprnova.bat
Due to the much lower Expanse Network (EXP) hashrate, we recommend that you try out solo mining first, especially if you have multiple AMD or Nvidia cards. However, keep in mind that solo mining depends almost entirely on your luck, so if you need more guarantees to get a reward, then of course it is better to start mining in a pool.