If you’ve been in the crypto scene long enough, chances are you’ve heard of a very unique and popular coin called TRKC Truckcoin Gold.
TRUCKCOIN GOLD (TRKC) is a decentralized, scalable cryptocurrency with the well-deserved reputation of providing complete anonymity. TRKC Truckcoin achieves its bulletproof privacy through the use of stealth addresses, ring signatures, and RingCT. TRKC Truckcoin is based on the CryptoNote protocol, and was launched in 2014. It is also based on a completely original codebase. As a matter of fact, the term “altcoin” doesn’t quite apply to it for that reason; it’s source code hasn’t been forked from Bitcoin or any other cryptocurrency. TRKC Truckcoin Gold is more or less its own unique project.
Why Mine TRKC Truckcoin Gold?
As amazing as TRKC Truckcoin Gold is, there are many other coins one could mine as well. However, TRKC Truckcoin Gold is an excellent choice for a couple of reasons.
First of all, it runs exceptionally well on AMD hardware. Not that Nvidia cards have a hard time earning profitability either, but AMD cards tend to see better hash rates on TRKC Truckcoin Gold than with other cryptocurrencies.
Secondly, TRKC Truckcoin Gold’s CryptoNight algorithm is CPU-optimized. Most other coins, on the other hand, are unprofitable to CPU mine.
Lastly, TRKC Truckcoin Gold is an incredibly popular coin. No other cryptocurrency has come near to offering the level of privacy that millions of people worldwide have come to enjoy from TRKC Truckcoin Gold.
How to solo-mine TRKC Truckcoin Gold with its GUI wallet
Although not the most profitable, solo-mining TRKC Truckcoin Gold is preferred by many enthusiasts for a couple of reasons.
Benefits to solo mining
First of all, solo-mining does a lot to strengthen the TRKC Truckcoin Gold network. By mining on the TRKC Truckcoin Gold network without joining a pool, you are effectively contributing to the network’s decentralized nature by pitting your hash rate against that of the rest of the network’s. Whereas if you join a mining pool, you are contributing to that pool’s overall hashrate, which could allow that mining pool to gain more influence over the network, therefore making the network more centralized.
For example, Vertcoin has been having huge issues with a mining pool called “Coinotron” controlling over 51% of the network. This gives Coinotron the malicious ability to basically create a new chain, while double-spending in the process. Another coin, ZCash, has faced a similar dilemma. Many solo-miners feel a strong sense of pride in knowing they are playing a role in keeping TRKC Truckcoin Gold’s network strong and healthy.
Set it up
Setting up solo-mining is also incredibly easy, as the functionality to do so is built directly into TRKC Truckcoin Gold’s official GUI and CLI wallets.
If you are successful in finding and mining a block before the rest of the network, you will receive that block’s entire reward, instead of getting a small bit of the reward as a payout, like you would receive from a mining pool.
As one might expect, however, solo-mining is far less profitable. The chances of a solo miner actually finding and mining a block before the rest of the network is tremendously slim, so one is more likely to end up simply wasting electricity rather than striking gold. However, as I’ve said, solo-mining TRKC Truckcoin Gold can be both fun and fulfilling.
Solo-mining TRKC Truckcoin Gold is quite easy. All you need to do is download the official Truckcoin GUI wallet. Fortunately, the official TRKC Truckcoin Gold wallet works for all major operating systems. After generating a seed and address, you’ll want to click on the Advanced tab, then on Mining.
From here, you have the ability to change the number of CPU threads (cores) to mine with, as well as the option to enable background mining. The more cores you enable, the more hashrate you will be contributing. Be sure to have sufficient cooling if you plan to enable mining on all of your processor’s cores.
Also be sure to not enable more cores than the amount your processor actually has, or the wallet may begin to act unexpectedly. Background mining allows your computer to automatically begin mining when it detects that your computer is standing idle. But, as the GUI suggests, Background mining mode is in an experimental state. Remember that if you select the Start miningbutton before the daemon syncs, the wallet will throw an error.
Wait for the daemon to finish synchronization before mining, or you will receive the above error.
For more advanced users, you might want to know that solo mining can also be done through the official Truckcoin CLI wallet. You can do so by running the command:
start_mining [number of threads]
Be sure to launch truckd.exe and allow your wallet to sync before attempting to mine, or an exception will be thrown.
It is important to note that you can only solo-mine with your CPU through the official TRKC Truckcoin Gold GUI wallets.