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Iron Fish Mainnet Starts Tomorrow: Are You Ready to Fill Your Bags?
Welcome, fellow Miners, to an exciting opportunity that arises with the launch of Iron Fish mainnet – a new cryptocurrency that is mineable with GPUs. Let’s dive into what Iron Fish is, how to set up your wallet, and how to get your GPU mining rigs up and ready for Iron Fish mining from day one, hour one, and minute one.
What is Iron Fish?
You might be wondering – what is Iron Fish, and where did it come from? According to Iron Fish’s website and its whitepaper, Iron Fish is a decentralized proof-of-work based censorship-resistant and publicly accessible blockchain project that uses Blake 3 hashing algorithm, which is the same algorithm used for aLithium cryptocurrency. With this algorithm in place, mining Iron Fish is core-heavy and doesn’t rely on memory much at all.
Dynamic Difficulty and Yield for GPU Miners
For GPU miners, Iron Fish’s blockchain algorithm dynamically adjusts mining difficulty to achieve 60-second average block times by either increasing or decreasing the mining difficulty based on previous blocks. This feature ensures efficiency in mining and a stable yield for miners who join the Iron Fish network.
Mainnet Launch Countdown
The countdown to the mainnet launch of Iron Fish has begun, with less than 24 hours remaining at the time of writing! Mainnet is set to launch on April 20th at 12 PM Eastern (9:00 AM Pacific). It’s time to work on getting your wallet and rigs ready for mining Iron Fish right from the beginning.
Iron Fish Wallet Options
There are two options for setting up your Iron Fish wallet.
The first option is a CLI-based wallet that runs on a local node using Node.js. This setup is more advanced and is recommended for experienced miners. For a complete guide on this setup, check out Rabbit Mining’s video tutorial.
The second option, and the one considered more convenient and beginner-friendly, is Oreo’s Light Wallet available within Hive OS. This setup only takes about 10 minutes to complete, and you can follow this step-by-step guide to get started. By the end of the process, you’ll have your seed phrases and mining address ready.
BZ Miner and Hero Miners Pool
BZ Miner has released version 14.20, optimized for Iron Fish mining and featuring the ability to do dual mining with multiple other algorithms. The update also adds support for mining on the Hero Miners pool – a highly recommended pool for Iron Fish mining.
With Hero Miners, you can start mining on the testnet right away and automatically switch over to the mainnet once it launches without needing to make any changes to your settings. Plus, their $10,000 airdrop and 0% pool fee make it an even more attractive option for miners.
Setting Up Your Rig for Iron Fish Mining
First, set up your Hive OS wallets by adding a new wallet for Iron Fish, selecting the coin and inputting your mining address. Next, choose a rig to mine Iron Fish (in this example, we used a rig with eight Nvidia RTX 3070 GPUs) and create a new flight sheet for it.
Configure your miner settings (in this case, BZ Miner) with appropriate overclock settings for your rig. Apply the flight sheet to your rig and start mining on the testnet. Keep in mind that your hash rates will gradually build up over time – don’t be alarmed if they start low!
Ready, Set, Mine!
With your wallet, miner, and pool set up and your rig ready to go, you’re all set for the mainnet launch of Iron Fish. Get a head start on mining this new and promising coin with your GPU mining rigs – and who knows, you might just fill up your bags with profits sooner than you think. Happy mining!