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Handshake Coin Mining Guide: How to Mine Handshake (HNS) Token?


Handshake cryptocurrency challenge is a blockchain that creates a DNS-compatible, decentralized naming protocol referred to as Handshake Naming System. This challenge focuses on decentralized area identify registration, authentication, and evaluation. 

HNS token is Handshake’s ecosystem cryptocurrency used for identify registration to each purchase and mine it. This text will clarify all of the Handshake mining fundamentals: software program, {hardware}, and mining swimming pools. 

What Is Handshake Mission? 

As we already mentioned, Handshake is a public blockchain which creates DNS-compatible, decentralized, license-free area identify protocol. Handshake’s primary objective is to switch Work together Cooperation for Assigned Names and Numbers (ICANN). This is a corporation which is accountable for coordinating the upkeep of database associated to namespaces and making certain steady and safe operation. 

Earlier than ICANN was established, IANA (Web Assigned Numbers Authority) was the one group accountable for domains corresponding to .org, .internet, and .com. ICANN has launched much more domains and made the method cheaper and simpler. 

Handshake was established by Joseph Poon, the founding father of Bitcoin Lightning Community, Christopher Jeffrey, and Andrew Lee, each from the Purse challenge. The group has optimized Merkle Tree. The builders reach making the Flat File Merkle Tree (FFMT) that accelerates the search, insert, and delete operations of Merkle Tree.

The challenge is financially supported by such initiatives as Andressen Horowitz, Sequoia Capital, and SV Angel. In 2018, Handshake raised greater than $10 million from buyers. 

Easy methods to Begin Mining Handshake (HNS) Coin?

Handshake blockchain makes use of proof-of-work mining, which relies on two algorithms: Blake2B and SHA3. To begin with, earlier than beginning any mining course of, you need to create a Handshake pockets tackle. You should use each wallets and your buying and selling account on the cryptocurrency change to make use of as your pool payout tackle. Bob Pockets is another choice to get an HNS coin pockets tackle.

Please, keep in mind that that you must retailer your non-public key securely. Learn our article on find out how to preserve your pockets protected.

Now, let’s select the software program, {hardware}, and mining swimming pools for worthwhile Handshake mining. By the way in which, the present block reward is 2,000 HNS. 

Handshake Mining Swimming pools

There are many mining swimming pools to select from. We’ve made a complete listing of probably the most dependable mining swimming pools to get Handshake cryptocurrency. 

#1. F2Pool

main page of f2pool website with the phone screen with pool stats

F2Pool web site claims that the one environment friendly approach to mine HNS tokens is to make use of ASICs miners. The pool provides a 3% charge for withdrawal as soon as a day with the PPS reward system. The payout threshold is 10 HNS. To begin all you want is to configure your mining machine and fill within the URL, username, and password. 

#2. DxPool

Dxpool works on virtually the identical guidelines because the earlier one. A threshold is 10 HNS. You’ll be able to withdraw cash as soon as a day at 10-12:00 (Beijing time). The cost methodology is PPS+ and the charge is 3%. In an effort to begin mining, obtain Goldshell miner, join the {hardware}, and configure mining pool parameters. 

#3. HNSpool

This pool is devoted to Handshake cryptocurrency mining. There are not any withdrawal charges, and the minimal payout is 5 HNS cash. One good factor is that the payouts cycle robotically each 5 minutes.

#4. 6block

6block mining pool helps AMD and Nvidia GPUs. The pool provides a PPS+ reward system with a 3% charge. You’ll be able to withdraw a minimal of 1 HNS on daily basis robotically at 00:00 UTC. To begin mining on 6block, register and fill in all the mandatory data.

#5. ViaBTC

viabtc mining pool logo with bitcoin sign

ViaBTC is a well-known multipool that now allows Handshake mining. On this pool, you possibly can select the cost methodology from PPS+, PPLNS, or SOLO. The cost threshold is barely 0.01 HNS, and you may withdraw cash at 10-18:00 HKT. 

Handshake Mining Software program

You’ll be able to’t mine any cryptocurrency with out software program. There are some miners that may allow you to to extract HNS cash. 

#1. GMiner

GMiner is sort of well-known software program locally. Its benefit is in supporting many algorithms. The miner helps each AMD and Nvidia GPUs. Nevertheless, the miner works solely with Nvidia in HNS mining (due to the algorithm Blake2B+SHA3). The software program helps macOS and Home windows. 

See additionally

Mining Cryptocurrencies - How To Mine Crypto

The miner robotically restarts the system so as of mistake or misconnection. Yet one more benefit is an effectiveness calculator: it reveals the power consumption for every GPU. 

#2. NBMiner

NBMiner is a closed supply software program for mining greater than 50 cash with 16 algorithms. The miner is on the market for Nvidia on Home windows, Linux, and macOS. One of the vital excellent options is the potential of HNS+ETH twin mining. There’s one other model of NBMiner which helps AMD video playing cards. 

#3. SRBMiner-Multi

SRBMiner-Multi helps totally different algorithms, together with Handshake. The consumer works with many fashionable AMD GPUs. It’s straightforward to mine cryptocurrency as a result of the software program can course of within the background. The system turns off robotically if the GPU has a important temperature. Furthermore, it reloads if there are too many declined shares. 

Handshake Mining {Hardware}

You should use each GPU (corresponding to AMD and Nvidia) and CPU miners. Here’s a desk with {hardware} for Handshake, which varies in its energy consumption and worth. 

{Hardware} Title Launch Date Hash Price Energy Worth
Goldshell HS3 July 2020 2 Th/s 2,000 W 4,000 €
Hummer Miner H1 June 2020 88 Gh/s 2,800 W 1,300 €
Monad Imperium R2 June 2020 7.1 Gh/s 1,150 W 540 €
Monad Imperium F2 June 2020 6.1 Gh/s 990 W 1,500 €
BlackMiner F1+ April 2019 4 Gh/s 500 W 2,300 €

As you possibly can see, you’ll find the {hardware} to each style and funds. Relying on what you wish to obtain as a last product, you possibly can select the miner to make your excellent rig. 

Is It Worthwhile to Mine Handshake Coin?

The profitability is determined by your {hardware} and total potentialities. You’ll be able to all the time use the Handshake mining calculator to get the information about mining profitability. For instance, should you use the most affordable Handshake miner from our listing and mine within the pool with no charges, you’ll get the revenue as within the desk beneath:

handshake mining profit table if the cheapest equipment is used

If you wish to put money into your {hardware} and purchase Goldshell miner (within the pool with 3% share), your revenue could be as follows:

handshake mining profits if the most expensive mining hardware is used (goldshell)

Please, take into consideration the truth that this revenue is taken into account for the solo miners. In different circumstances, it’s shared between all miners within the pool based on the chosen pool reward system. 

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Handshake Coin Mining Guide: How to Mine Handshake (HNS) Token?

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