r/Tokenmining

As of this morning, the ERC 918 specification draft has been merged into the Ethereum EIP master branch. This is a big moment for not only 0xBitcoin, but for the future of mineable tokens in general. A few highlights of this specification include:

• EIP918Interface - This is the most general interface that contracts should follow, essentially only requires the mint() function
• Creation of optional merge() function for merged mining use cases
• AbstractERC918 - A more specific implementation that implements mint(), and breaks the preceding operations into 4 different phases, hash, reward, epoch and difficulty adjustments, each realized as separate abstract internal functions to be implement

Glad to see you wish to acquire the first PoW mineable erc-20 token, 0xBTC.

This post intends to be a guide which will direct you, step by step, to the point at which are are mining.

It will then walk you through verification of your mining success, as well as a common means to retrieve your mined 0xBTC.

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In list form:

1. Go to https://github.com/0xbitcoin/0xbitcoin-miner and download the application folder (use the green button)
2. Follow instructions to extract/unzip the application, or build it from the source.
3. Find the application from a subfolder of the /dist folder.
4. Run the application.
5. Type "account new" and press enter

Haven't downloaded the miner, will in due time.

However, the falling prices and bad press around ICOs is so brutal and disheartening. It's innovations like TokenMining that still make me feel like Ethereum is a next generation instrument and its chords are being struck in different ways to produce new tunes.

Whether 0xBitcoin takes off as a concept or not doesn't matter to me. The fact that it can exist as an idea that is experimented with to yield new and interesting results is what really matters.

To anyone new here, I recommend https://medium.com/@admazzola as essential reading.

I'll keep dropping by ;)