ICURRENCY GOLD Mining Platform

We have created the Digital Currency Platform for EVERYONE!

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 DOWNLOAD YOUR FREE COPY OF THE

ICURRENCY GOLD (ICG) COIN WALLET AND P2P MINING PLATFORM for (WINDOWS)

Windows Automated Installation

Install and mine ICG coins blocks automatically with your ICURRENCY GOLD coins Windows wallet.

The tutorial is only compatible with Windows 10 and above.

 download the file icurrencygold-auto.zip.

Open File Explorer and go to your downloads directory.

Extract the zip file icurrencygold-auto.zip

Execute install.bat to automatically install your wallet and mine your first block.


ICurrency Gold coin also has a

Ubuntu Linux System with Automated Installation

  You can now mine ICG coins blocks with Ubuntu Linux System

Install and mine blocks automatically with your Linux wallet.

The tutorial is only compatible with Ubuntu Desktop 18.04 and above.

Click BOX Bellow ! 

Instructions to Download Ubuntu Linux System.

 icurrencygold-auto.sh.

Open a Terminal window.

Make the install file executable with the following command:

chmod +x $HOME/Downloads/icurrencygold-auto.sh

Make .sh files executable with the following command:

gsettings set org.gnome.nautilus.preferences executable-text-activation 'ask'

Open Files and go to your Downloads directory.

Open icurrencygold-auto.sh and press "Run in Terminal" to automatically install your wallet and mine your first block.

ICURRENCY GOLD coin P2P Mining Platform 

 IS NOW AVAILABLE ON 

MAC!


Tutorial -How to Mine ICG coins blocks with your macOS

Mine blocks with your macOS wallet and the following instructions.

Open Spotlight Search and type the following:

terminal

Double click on terminal.

Execute the following command, to open your downloads directory:

cd Downloads

Install Homebrew with the following command:

/bin/bash -c "$(curl -fsSL https://raw.githubusercontent.com/Homebrew/install/master/install.sh)"

Enter your sudo password to install Homebrew.

Install wget with the following command:

brew install wget

Download your macOS wallet with the following command:

wget "https://dl.walletbuilders.com/download?customer=a9094dfa5042c01f8f9b4dc9339f567a2c80a4cc75580fe8aa&filename=icurrencygold-qt.dmg" -O icurrencygold-qt.dmg

Download the macOS tools for your wallet with the following command:

wget "https://dl.walletbuilders.com/download?customer=a9094dfa5042c01f8f9b4dc9339f567a2c80a4cc75580fe8aa&filename=icurrencygold-tools-macos.tar.gz" -O icurrencygold-tools-macos.tar.gz

Extract the tar file with the following command:

tar -xzvf icurrencygold-tools-macos.tar.gz

Create the data directory for your coin with the following command:

mkdir "$HOME/Library/Application Support/ICurrencygold/"

Open nano.

nano "$HOME/Library/Application Support/ICurrencygold/icurrencygold.conf" -t

Paste the following into nano.

rpcuser=rpc_icurrencygold
rpcpassword=dR2oBQ3K1zYMZQtJFZeAerhWxaJ5Lqeq9J2
rpcbind=0.0.0.0
rpcallowip=127.0.0.1
listen=1
server=1
addnode=node2.walletbuilders.com

Save the file with the keyboard shortcut ctrl + x.

Open nano.

nano mine.sh -t

Paste the following into nano.

#!/bin/bash
SCRIPT_PATH=`pwd`;
cd $SCRIPT_PATH
echo Press [CTRL+C] to stop mining.
while :
do
./icurrencygold-cli generatetoaddress 1 $(./icurrencygold-cli getnewaddress)
done

Save the file with the keyboard shortcut ctrl + x.

Make the file executable.

chmod +x mine.sh

Open your downloads directory in Finder.

Install your macOS wallet with the file icurrencygold-qt.dmg.

Open your wallet.

Go back to your terminal and execute the following command to mine your first block:

./mine.sh



Digital Currency Mining :101



WHAT IS DIGITAL CURRENCY MINING?

Mining is the process by which networks of specialized computers generate and release new Digital Currency and also verify new transactions.

Mining is the process that ICurrency Gold coin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves vast, decentralized networks of computers around the world that verify and secure blockchains - the virtual ledgers that document cryptocurrency transactions. In return for contributing their processing power, computers on the network are rewarded with new coins. It's a virtuous circle: the miners maintain and secure the blockchain, the blockchain awards the coins, the coins provide an incentive for the miners to maintain the blockchain.

How does mining work?

There are three primary ways of obtaining ICurrency Gold coins and other cryptocurrencies. You can buy them on an exchange like Coinbase, receive them as payment for goods or services, or virtually "mine" them. It's the third category that we're explaining here, using ICurrency Gold coins as our example.

You might have considered trying Digital Currency mining yourself. A decade ago, anyone with a decent home computer could participate. But as the blockchain has grown, the computational power required to maintain it has increased. (By a lot: In October 2019, it required 12 trillion times more computing power to mine one Digital Coin than it did when the first first blocks were mined in January 2009.) As a result, amateur Digital Coin mining is unlikely to be profitable for hobbyists these days. Virtually all mining is now done by specialized companies or groups of people who band their resources together. But it's still good to know how it works.

  • Specialized computers perform the calculations required to verify and record every new Digital Coin transaction and ensure that the blockchain is secure. Verifying the blockchain requires a vast amount of computing power, which is voluntarily contributed by miners.

  • Digital Coin mining is a lot like running a big data center. Companies purchase the mining hardware and pay for the electricity required to keep it running (and cool). For this to be profitable, the value of the earned coins has to be higher than the cost to mine those coins.

  • What motivates miners? The network holds a lottery. Every computer on the network races to be the first to guess a 64-digit hexadecimal number known as a "hash." The faster a computer can spit out guesses, the more likely the miner is to earn the reward.

  • The winner updates the blockchain ledger with all the newly verified transactions - thereby adding a newly verified "block" containing all of those transactions to the chain - and is granted a predetermined amount of newly minted Digital Coins. (On average, this happens every ten minutes.) As of late 2020, the reward was 6.25 Digital Coins- but it will be reduced by half in 2024, and every four years after. In fact, as the difficulty of mining increases, the reward will keep decreasing until there are no more Digital Coins left to be mined.


Why is mining important?

Beyond releasing new coins into circulation, mining is central to ICurrency Gold coins (and many other cryptocurrencies') security. It verifies and secures the blockchain, which allows cryptocurrencies to function as a peer-to-peer decentralized network without any need for oversight from a third party. And it creates the incentive for miners to contribute their computing power to the network.

What is a P2P Network?

A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service. The P2P platform may provide services such as search, screening, rating, payment processing, or escrow.

Why are these peer-to-peer networks so useful?

While these networks have now become a very common thing, there are many other benefits to using a peer-to-peer network that gives it an edge over the others. Here are a few reasons why

  • It is extremely tough to bring them down. Even if one of the sections is about to shut down, other pairs continue to operate and communicate, which ensures that the network does not stop working even if a single unit is not able to perform its functions.
  • These networks are highly scalable because adding new peers is an extremely easy and quick process as you don't have to perform any central configuration on the server.
  • P2P networks are best when it comes to file sharing. Due to the fact that it is so quick in its processing, it becomes extremely easy to have the same file stored on multiple peers. It ensures that every time someone needs to download a particular file, the downloading process from multiple locations can take place simultaneously without any hassle.

  • Blockchain

    As a technology, a P2P network is based on the concept of decentralization. The foundational architecture of blockchain technology similarly enables a user to transfer cryptocurrency across the globe without needing any middleman or intermediary. With such a decentralized distribution, it becomes easier for any individual to become a part of this process of verification.

    When a peer-to-peer network is enabled on a blockchain, the network helps in the maintenance of a complete replica of the records ensuring the accuracy of data. On the other hand, it also offers greater security as compared to conventional client-server systems. Therefore, a peer-to-peer network works phenomenally when used with blockchain technology. 

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