SimpleBank (SPLB Coin): Dash-Based Masternode Mining Guide For Mobile Crypto Bank Token


What Is SimpleBank?

SimpleBank, the Dash-based coin that utilizes ASIC-resistant NeoScrypt Algorithm, has several distinguishing features and masternodes. The cryptocurrency seeks to curve a bank-type niche in the digital arena, where merchants and consumers will find it easier to buy and manage their digital assets. Besides, SimpleBank allows its users to convert money into crypto at any authorized outlet.

Basic Mining Tips

There are usually two tips, which users can implement to get the best mining experience. To begin with, users should ensure that they have the latest GPU drivers. Secondly, it’s important to exclude the mining software from any antivirus installed on the computer. This is because the antivirus is likely to flag down the mining software as a virus. This tip is vital, especially if you are mining from your normal PC or a gaming computer with an antivirus installed. Miners can avoid the flagging issue by creating subfolders for all the mining software.

NeoScript Mining Temperature

Before going into the actual mining activity, users should recognize that the NeoScrypt algorithm could become much hotter than most mining algorithms. For instance, under normal mining conditions, the temperature usually maxes at about 52 Degrees Celsius.

On the other hand, with the NeoScrypt algorithm, the temperature could hit 70 Degrees Celsius after just a few minutes. It could be hotter if it runs for hours. The mining temperature varies from one situation to another, even when using the same software and hardware setup.

Mining Pools

When it comes to mining SPLB, the first requirement is a mining pool. While it’s possible to do solo mining, it could up to take several months before you get the payouts, based on the power of the mining rig. Besides, the charges are often higher for individual miners. Pool mining usually comes with lesser charges (about 1% or less) and consistent payouts, several times in a day. An example of a mining pool is arcpool, which utilizes the NeoScrypt mining algorithm. This medium-sized mining pool with low fees supports several coins.

CPU Mining

This form of mining is not profitable currently, so users focus on GPU mining.

GPU Mining—Nvidia

GPU Mining supports various programs for Nvidia, one of which is the CCMiner, which is the best according to many miners. This miner comes with no Dev fee. Besides, the software works well with different operating systems including Windows and Linux.

CCMiner’s official page is available online through a download link. The program is simple to use once downloaded. Users just need to create batch file or script file for Windows and Linux respectively and choose the algorithm they would like to use. If a miner encounters any problem, it might be due to lack of enough virtual memory. Vega GPUs often require nearly 16GB for every GPU.

Common Troubleshooting

During the mining process, miners need to watch stale or rejected shares. If there are many stale shares, the miner should use a closer server. For many rejected shares, it’s advisable to reduce the intensity of the miner.

How Much SPLB Can You Earn Per Day?

The best method to help you figure out this is to use the SLPB mining calculator, which is available here: whattomine.com. With the calculator, you can get a rough estimate of what to expect. It could be less or more than what the calculator actually says. The calculator is already programmed with correct values and a miner only needs to edit a few values.

Hash Rate:

It is advisable to enter the “total speed” for all the mining computers in Kilohash per second. Every computer you use for SPLB mining should be included in this speed.

Power:

You can determine power by entering the amount of watts consumed by your mining rig. Some advanced mining software can calculate this. Alternatively, you can use a special software or a kilowatt meter to determine the overall power consumption of your mining machine. The kilowatt meter is usually preferable because it provides accurate figures. Similar to what happens during the hash rate, remember to include every machine that you use for SPLB mining.

Cost:

To determine the cost, you should enter the cost per kilowatt-hour, payable to your electricity provider.

Pool Fee:

This includes the pool fee and the software dev fee for the miner. For instance, if you mine on the Nvidia program, you should key in 0.5 + 0 = 0.5. For miners using the AMD program, it is 0.5 + 2 = 2.5.

Hardware Cost:

To determine this, you should include the total cost of all the mining hardware involved.

In reading the mining data, there are three main things to look for:

  • Difficulty 24 hours and Difficulty 7 days
  • EX. Volume 24 hours and the Market cap
  • Create SPLB in and Break even

Mining SPLB could be as simple as following this guide. With the right program, a reliable wallet to store your coins, and a mining pool, you can easily get started.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide