About Counos coin Core

 

How can we become the Counos Coin Miner?

Counos Coin, like other cryptocurrencies (e.g. Bitcoin), requires a decentralized system based on its users’ power. Hence, users can create a Full Node on the network and join the system.

If you are familiar with Bitcoin Core or Litecoin Core, you can use Counos Coin core in the same way to start your mining. If you are new to “cryptocurrency”, do the following steps:

If you like to start mining on Counos Coin network, the following stages are advised:

• Setup a Linux / or Windows system with enough RAM and hard drive storage capacity.

• Get the latest version of Counos Coin core for Linux or Windows and set up on your system

• You can run this command on Linux

  •   ./counoscoind -daemon 
  •   The above command will create the Counos Coin node on the network
  • ./counoscoin-cli generate 1
  • The above command will try to create a block on Counos Coin network. while we are at our first months of running, you can get started in creating a Block.
  •  It's a good idea to create a crontab entry
  • $crontab -e
  •  Then, add the following entry

  • */5 * * * * /[PATH TO COUNOSCOIN CORE]/bin/counoscash-cli generate 1
  •  you can find it on Help menu > Debug and select Console Tab on Windows system when GUI is open.

  •  Then you can run the following command

  • generate 1

 

Through the above-mentioned procedure, you can use your PC to start mining on our network. Please note that in case you are familiar with other cryptocurrencies, our network and command are very similar. We will introduce mining specific software/hardware when we have enough power and competitors to our mining networks in near future.

What is a Full node?

The Full node holds a complete copy of all system transactions history. This fully-fledged history is stored in the chain of blocks. If you already create a Full node in Bitcoin or similar currencies, you can create the same style in our network in the same form. Continuing the same stages is considered the best advice to communicate without intermediating the use of Counos Coin. The core is a software that allows you to create a wallet and will also be able to be mined.

This software is an open source based on Bitcoin Core V 0.14, and its version 0.15 will be available soon.

It can be used on Windows, Debian, Ubuntu, and MacOS at a glance. It looks like the Bitcoin core but follows the rules of Counos Coin.

 
What are the mining rules in the network?

The difficulty of exploring a block in the network was reviewed every two months in 2016, and it changed to every two weeks then. Afterward, additional miners are added to the network, and more willingness to block blocks is created, a more complex algorithm is applied to extract a block.

During a mine, a block will help you place transactions that are running on the network in a block and create a connection between the current block and previous blocks to secure the network by the block algorithms of the network.

When the block created by your node in the network and its other components are accepted and verified, a reward that is unrecoverable will be awarded to you.

This bonus is currently four coins per block.

The bonus will be halved every ten years.

You will also receive a transaction fee in addition to the mining reward for each transaction you place on your block.

 
What facilities are needed to have a node in the network?

Currently, as long as the number of miners does not expand, there is not much hardware required to create a full node.

A system with at least 20GB of storage and 2GB of RAM is enough.

The reliable Internet connection is another option which seems necessary.

Run the software and start the mine block on the network by following the instructions on this page.

Bonus Blocks can be picked up after the generation of about 100 other blocks in the network, and your block has received 100 confirmations.

In case you have any question regarding using our tools, first check the FAQ section; if you do not find your answer, please contact us.