Shaicoin

Shaicoin is a CPU mineable cryptocurrency that operates as a fork of Bitcoin, focusing on a unique mining algorithm known as ShaiHive. The following guide is for those who are familiar running Linux

Disclaimer: This is not financial advise. Mining can damage your hardware.

Get Started

This guide is purely made for those who wants to try mining $SHA with their Linux machines. Do not have a Linux computer or spare CPU to mine? Rent one here: https://cloud.vast.ai/?ref_id=94252

The steps involved include:

* Setting up a Shaicoin Core Wallet

* Generating a $SHA address

* Building $SHA miner

* Connecting to a mining pool

Setting up Core Wallet

On your Terminal, run the following commands:

Install dependencies

sudo apt install build-essential libtool autotools-dev automake pkg-config bsdmainutils python3 libevent-dev libboost-dev libsqlite3-dev -y

Clone the repo

git clone https://github.com/shaicoin/shaicoin  
cd shaicoin

Build the wallet

./autogen.sh
./configure

Depending on the number of CPU cores of your machine, the next command will require you to indicate that number. The build process might take a while. Please be patient.

# example make -j8
make -jmake -j [# CPU cores]

Run Core Wallet and Sync

Run Wallet

Navigate to the /src folder and then run the following command to launch the core wallet in the background.

./shaicoind -daemon

Check Logs

To view the logs navigate to the .shaicoin folder.

cd
cd .shaicoin

Next, run this command.

tail -f debug.log

Wait for your core wallet to fully sync before you proceed to the next step.

To check the current block, go here: https://blocks.shaicoin.com. Compare the "height" value shown on the logs to the most recent block on the Shaicoin block explorer.

Generate Wallet

Navigate to /shaicoin/src folder:

cd
cd shaicoin
cd src 

Then run the command to generate a wallet:

./shaicoin-cli createwallet "yourwalletname" 

You can put in a wallet name that you like.

Next, generate a $SHA address:

./shaicoin-cli getnewaddress

Take note of the address since this will be used for your miner.

Backup Wallet

Always make a backup of your wallet. Here is how to do it.

Go back to the .shaicoin folder to see your wallet backup.

cd
cd .shaicoin
cd wallets

Save the contents of the folder in order to restore your wallet in case you need to move to a different machine.

Build $SHA miner

Install dependencies

apt install libssl-dev

Install Rust

Run the following command:

curl https://sh.rustup.rs -sSf | sh

Then choose option "1". Once it is done, set the PATH:

source "$HOME/.cargo/env"

Clone Shaipot miner

cd
git clone https://github.com/shaicoin/shaipot.git
cd shaipot

Build miner

Run the following command:

cargo rustc --release -- -C opt-level=3 -C target-cpu=native -C codegen-units=1 -C debuginfo=0

Run the SHA miner

Get your $SHA address that you have generated and use that for the command to run your miner. You can follow this format:

./target/release/shaipot --address sh1xxxxxxxxxxxxxj --pool ws://162.220.160.74:3333

Make sure to change the address, or else your mining rewards will go to me.

Run the command and that is it. You are now mining $SHA.

Update Miner (Optional)

If you are still using the initial version of the miner, you can update it to get better hash rates. Here are the steps to do so.

Stop your miner, Use CTRL+C. Make sure you are in the shaipot directory. Run the following commands:

cd
cd shaipot
git pull

After downloading the latest version, recompile miner.

cargo rustc --release -- -C opt-level=3 -C target-cpu=native -C codegen-units=1 -C debuginfo=0

Run miner again to see a much better performance.

Check Miner Status

Check your progress here: https://shaipool.z4ch.xyz/

Pool address: https://blocks.shaicoin.com/address/sh1qa5l9n97jerlwgpd5rrhj8nnqvvre4qnz0dy2fu

Rewards will automatically be distributed once the coins that the pool receives reaches a maturity of a 100 blocks.

Thanks for reading!

Shameless plug...

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