TerracoinSo you’ve heard of mining before but haven’t yet taken the time to get acquainted with what it is or how to do it. The following is a very basic guide on how to use your computer’s GPU to mine Terracoin. Terracoin is a relatively new crypto currency based off of Bitcoin but has a much lower difficulty rating, making it an ideal coin for beginners. If you don’t yet have a Terracoin wallet I suggest that you either follow our tutorial on getting started with Terracoin or head over to Terrawallet and setup an account. Much of the material covered here is also applicable to Bitcoin as they use the same algorithm.

Mining Basics

Mining is a sort of slang for using your computer’s processing power to process transactions for the Terracoin network. When Bitcoin was first getting started miners utilized CPUs (Central Processing Unit) to do this work. However, it was eventually discovered that using a computer’s GPU (Graphics Processing Unit) to mine produced much faster speeds and cost less in electricity. Because of that few people use CPUs to mine today except some Litecoin miners as it uses a different encryption algorithm.

To mine you’ll need to download some specialized software. For this tutorial I’ll be covering GUI miner to mine Terracoin on Windows 7 and 8 (I’ll be covering other coins/software/operating systems in future tutorials). Once you have the correct mining software installed on your computer you will need to sign up to a mining pool. For this tutorial I’ll cover mining with the Coinotron mining pool as it offers several different crypto currencies for mining.

Pool mining came about after the difficulty in Bitcoin mining became so high it was difficult to find a block (the main unit of work). Mining pools allow groups of users to ‘pool’ their mining resources making it more likely that the group finds a block. The mining pool will then pay each miner a portion of that block corresponding to how much they had contributed (There are multiple ways of calculating this).

Downloading GUI Miner

GUI miner is a basic Bitcoin mining program that also works well with Terracoin mining. Unlike most of the other miners available, it has a front end (GUI – Graphic User Interface). Most miners such as the popular cgminer are more versatile but require that users are acquainted with the command line.

The link below is the Github download for GUIminer for Windows. For other versions and operating systems check the bitcointalk thread.

Github Download For GUI Miner

GUI Miner

After you’ve downloaded  GUI miner you’ll need to create an account with Coinotron. Coinotron is the mining pool that we’ll be using as mentioned earlier. An alternate pool is BitcoinReactor, though the setup there is slightly different than many pools.

Coinotron Registration Page

Coinotron Registration

Once you’ve created an account with Coinotron navigate to the the my account page and set up a Terracoin worker (TRC) and password. Next start up GUI miner by finding the .exe file in the folder you downloaded (I just leave the folder on my desktop). Once you have GUI miner up and running you’ll need to enter your settings. After that GUI miner should look something like the below image.

GUI Miner Mining

Mining

Once you start GUI miner you should see a hash rate appear at the bottom right hand corner of the miner. 696.1 Mhash/s is the hash rate that my Radeon 7970 puts out. Most GPUs will not be this high. At current difficulty you’ll get around one Terracoin per day per Mhash/s. So even 20 Mhash/s will help you earn coins.

In order to actually get your coins you’ll need to set up a payout address through coinotron. This is the address that you set up either through Terrawallet or from your Terracoin client.

Where To Go From Here

At this point you should be started mining Terracoin! If you’d like you can use this same set up of GUI miner to mine Bitcoin, you just need to set up an account at a Bitcoin mining pool. Coinotron has a Bitcoin mining pool but you might not see payouts all that often as their hash rate isn’t as high as other pools.

Disclaimer About Laptops

Mining on laptops can be a bad idea. They don’t have the cooling that desktops do and this has resulted in the death of a few motherboards with Bitcoin mining. If you have a desktop-like or gaming laptop they might be better suited. However, laptops like MacBook Pros and many ultra books don’t have a way to dissipate that much heat. It can also harm some batteries.

Thanks for reading and let me know if you end up with any issues with this tutorial. If you run into problems leave a comment below or shoot me an email at CryptoJunky at zoho dot com and I’ll try and help you figure them out. I’ll cover solo mining and different operating systems in upcoming posts.

20 Responses to “Absolute Beginner’s Guide To Terracoin Mining”

  1. Brain Says:

    Very nice. Thank you.

  2. bluebag Says:

    Thanks to your post the difficulty of mining TRC explodes.

  3. papa Says:

    hi wich port should we use to make it work?

  4. CryptoJunky Says:

    Papa,

    For Terracoin mining on Coinotron use port 3335. The latest version of GUI miner, the one you downloaded, uses the stratum protocol. This is basically the protocol used to communicate with the pool server.

  5. CryptoJunky Says:

    Bluebag,

    I think it might have been more than just my post but thanks for the confidence in my site!

  6. Josh @ MiningRigs.com Says:

    Great intro to TerraCoin. I predict this will be the next crypto-currency boom following Bitcoin and currently Litecoin. :)

  7. 2Φ3Σ27Φ (/)λ√λ22Φ Says:

    Bitcoin = Gold
    Litecoin = Silver
    Terracoin = Bronze
    Ohers = Dirt

  8. Dave Says:

    Hi CryptoJunky!

    Thanks for the tutorial, interesting stuff. I’m slightly concerned about it using up 100% of my GPU output though (temperature rising even with fans at 100%) is there a way to throttle it to 90 or 80% of max?

    Also, what’s your opinion of PPCoin? I was reading the paper earlier and thought it was quite an interesting option – I might try mining it on an older machine I have lying around.

    Thanks!

  9. CryptoJunky Says:

    Dave,

    I haven’t yet looked into the technical side of PPC. However, it was just announced that it will be traded on Btc-e.com in the not too distant future which could mean it will take off or increase in value. I know there were some security issues with it a few months back but I’m not sure on the details.

    As for managing your GPU, a lot of miners use overclocking software to manage their GPUs in addition to a mining client. A lot of other mining clients allow you to set the intensity to a different level, which effectively uses more/less resources. However, that option is not available with GUIminer. If you’re interested in going that route you might lookup cgminer, though it requires use of the command line.

  10. Getting Started With Terracoin Says:

    [...] put together our Absolute Beginner’s Guide To Mining Terracoin. Much of what is in there is applicable to Bitcoin as [...]

  11. James Says:

    not worth it to mine solo on btc plus, but if you have a decent nubemr of visitors it adds up. I’ve only generated enough for 1 payout of .02 btc, and much of that was from me going to all the demo computers when i was shopping one day and going to my link.

  12. josga2007 Says:

    Thank you for your post CryptoJunkie. I’m very new at this and need some help. I set up GUIminer the way you show and when I hit “start mining” I get an error at the bottom left that says “nothing to mine on exiting”. I’m stuck.

  13. Terracoin Price Recovering Following Technical Problems Says:

    [...] If you’re interested in learning more about TRC you can check out our Getting Started With Terracoin article or our Absolute Beginner’s Guide To Terracoin Mining. [...]

  14. Troy Says:

    I have tried coinotron and another one and at around 1200 khash rate I get just thousands of stale blocks and none accepted. Anyone able to point me in the direction of what might be causing this? I am using GUIminer – scrypt
    Thx.

  15. pureblood09 Says:

    Is the mining rate for TRC still 1coin per Mhash?

  16. me Says:

    > I am using GUIminer – scrypt

    WRONG! Terracoins are based on SHA256 algorithm, you need different miner. “scrypt” is for Litecoins…

    > Is the mining rate for TRC still 1coin per Mhash?

    NO. I guess it is about 1 TRC coin per 60 Mhash today. :-( Only 1 month and difficulty increased so high.

  17. antimidas Says:

    @Troy add -a sha256d to your command line. u are using the scrypt version for litecoins bud

  18. Beginner’s Guide To Litecoin Mining | Happiness Sharing Says:

    [...] meant to work with Scrypt coins like Litecoin. If you’re interested in Bitcoin or Terracoin our Guide To Mining Terracoin or our Guide To Bitcoin [...]

  19. simon Says:

    I follow this stuff to the letter but I still can’t get anything to work. Maybe next time write a guide for complete boneheads.

  20. Absolute Beginner’s Guide To Litecoin Mining Says:

    […] to work with Scrypt coins like Litecoin. If you’re interested in Bitcoin or Terracoin our Guide To Mining Terracoin or our Guide To Bitcoin […]

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