electroneum Archives - Coin Guides

What is Monero payment ID & why do exchange need this for (XMR) Deposits?

coinguides — Thu, 30 May 2019 11:09:35 +0000

Often when depositing Monero (XMR) to an exchange you’ll be prompted to use your payment ID. Binance, Bitfinex, HitBTC, Huobi, Poloniex and every other crypto exchange that supports Monero trading states this clearly. “Both a Payment ID and an Address are required to successfully deposit your XMR“. Have you ever wondered why exchange asks payment …

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CryptoNight Algorithm – List of coins on CryptoNight (Original / ASIC)

coinguides — Wed, 15 May 2019 12:38:30 +0000

Every week we explain about a PoW algorithm and share the list of coins powered by that specific algorithm. It helps miners to do research and choose the right coin to mine based on their hardware. Now if you own Antminer X3 or any other CryptoNight miners and are looking for cryptocurrencies based on standard …

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Monero balance (locked) and unlocked balance in GUI & CLI wallet explained

coinguides — Sun, 25 Nov 2018 12:25:17 +0000

Monero (XMR) is a decentralized, private, secure and untraceable cryptocurrency that is freely available to everyone. There are many vendors accepting cryptocurrencies and Monero being a top privacy coin you can use it to buy goods and services. Unlike traditional currency; Monero remains completely in your control and in your wallet. You are your own …

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Monero wallet: “Daemon failed to start” error – What is it & how to fix?

coinguides — Sat, 27 Oct 2018 09:47:09 +0000

After the recent Monero upgrade several users reported that they were unable to access their Monero GUI wallet. Actually they were able to open their wallets but can’t get the daemon to start. After starting; the wallet returns the following error message: “Daemon failed to start – Please check your wallet and daemon log for …

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How to update Monero wallet? Upgrading Monero (XMR) GUI and CLI wallet

coinguides — Sat, 13 Oct 2018 13:00:11 +0000

Just like Windows, Mac and other software upgrades; cryptocurrencies also undergo a series of updates. Bitcoin updates its protocol, Ethereum regularly forks, Litecoin, Dash and every other blockchain projects update their network frequently. All these hard forks and updates are very much essential as it improves overall security, network efficiency and additionally brings in some …

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How to restore Monero wallet from mnemonic seed – Importing paper wallet

coinguides — Fri, 22 Jun 2018 11:37:53 +0000

Remember, in our Monero wallet backup guide we told you to backup mnemonic seed, private keys and wallet keys file. Not all of them is necessary but the 25 word mnemonic seed is the most important of all. In case if your wallet file is lost or if your hard disk is damaged then this …

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SRBMiner – AMD GPU miner supporting all CryptoNight Algorithms / Coins

coinguides — Mon, 04 Jun 2018 14:56:20 +0000

CryptoNight Algorithm is basically designed to resist ASIC and to make CPU and GPU mining equally efficient. Currently there are more than 10 CryptoNight algorithms out there with each having huge variations in performance. Some coins followed Monero and used CryptoNight V7 algorithm. Some coins took a completely different path and implemented their own version …

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How to change the Monero blockchain data location – GUI | CLI wallet

coinguides — Wed, 09 May 2018 10:21:31 +0000

While the full node wallet gives you more control to your funds the problem with such wallet is running out of disk space. You don’t need so many wallets, just 2 or 3 most popular crypto currency core wallets are enough to fill your hard drive. The Monero blockchain keeps growing and there is no …

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Tutorial: How to setup, configure and use XMRig? CPU, AMD and NVIDIA miner

coinguides — Tue, 08 May 2018 14:46:33 +0000

When GPU mining is about to become obsolete on algorithms like Equihash (Equihash ASIC); CryptoNight is still being the savior of CPU mining. The only worthwhile algorithm that can be mined using CPU is CryptoNight and its variant. This PoW algorithm that is used on Monero, Bytecoin, Electroneum, etc provides egalitarian terms for all miners. …

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KlausT ccminer cryptonight NVIDIA v3.02 – CryptoNight V3, V7, V8

coinguides — Fri, 27 Apr 2018 10:28:22 +0000

Monero and many other CryptoNote coins have changed their PoW algorithm in order to resist ASICs. During the fork we made a guide on xmr stak which was the only all in one miner that is supporting all new cryptonight algorithms. Later on couple of miners became available such as XMrig, Claymore etc. While all …

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