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FAQ
Q: Really? An Arduino board makes more DUCO a day than a threadripper CPU?
A: It may sound weird at first, but if you've read the Whitepaper, you should know we use the original "Kolka system" which is a series of many security steps, reward multipliers and other factors which make the earnings only profitable for low-power devices. You can learn more about it at the Kolka system documentation.
Q: What is the difference between DUCO-S1 and XXHASH?
A: We've recently introduced multi-algo to the Duino-Coin chain. Since we like doing new things in the world instead of copying others, we've chosen XXHASH as an interesting algorithm to implement as it relies on the speed of RAM. You can read more about it on the official website.
Summing up, DUCO-S1 = CPU Mining, XXHASH = RAM + CPU mining.
Which one should you chose? It all depends on your equipment.
Q: What about GPU mining?
A: GPU mining is possible (an official miner is in the works) but it's even less profitable than mining with a proverbial threadripper mentioned above. Why?
Firstly, DUCO-S1 (implementation of SHA1 Duino-Coin uses) is non-vectorizable by it's nature (unlike SHA256 used in Bitcoin), thus mining with GPU will use a significant portion of CPU and the speed won't be as good as you may expect.
Second thing is the Kolka system which will give the miner an enormously high difficulty to solve.
Q: Is the blockchain publicly available?
A: Yes, blocks and transactions can be seen at the explorer, which is all a regular user needs.
Q: I think the idea is flawed. What is the point?
A: If it was flawed we certainly wouldn't be going strong for almost 2 years by now and wouldn't have gathered such a big community, spent weeks on programming, received help from so many people, got listed on exchanges, made partnerships with other coins and showed a middle finger to all the haters who didn't believe in us at the beginning.
About the "what's the point" question - same as in mining Bitcoin or any other crypto - it's capitalism - you get paid for the work done.
Q: Why is everything so easily accessible and just pleasant to set-up?
A: When I was starting out in the crypto world I was literally disgusted by how all the stuff was unclear, scattered across different webpages and full of errors and problems to just get things working. When I got the idea of creating DUCO, my goal was simple: make everything as easy as possible. Money should be for everyone, not just for a few nerds that happen to know how to solve that compilation error.
Q: Okay, if I can't create a profitable mining farm with CPUs, can I create one with ESP boards or Arduinos?
A: Yes and no (Yesn't!). Since introduction of Kolka system V4, each miner earns a bit less than the previous one to prevent that. Why? It's the best compromise for having small and big miners on the network. Here's a table for the earnings after being affected by Kolka (may be adjusted a bit in the future):
Worker | worker earnings (AVR) | worker earnings (PC) |
---|---|---|
1 | 100% | 100% |
2 | 96% | 80% |
3 | 92% | 64% |
4 | 88% | 51% |
5 | 84% | 40% |
4 | 81% | 33% |
5 | 75% | 26% |
n | 96% of n-1 earnings | 80% of n-1 earnings |
Does that mean more miners = more earnigs? No, just lower efficiency of them.
Q: Can I get rich by mining DUCO?
A: Probably not, for sure not instantly. If you intend on doing that - get some DUCO and hold it (have you seen Bitcoin?! Who knows what will happen to DUCO). If you don't want to wait - spend some time on mining. You can instantly convert DUCO to other coin (minding the various exchange rates) and do what you want with it.
Q: Is DUCO mining profitable?
A: Depends on what you're looking for. If you are searching for a project which is fun, want to be a part of the awesome community in which you will learn something and in the meantime earn some crypto - definitely yes.
If you're looking for a project where you can make a lot of money: definitely not now.
DUCO mining is profitable but only with low-powered devices. If you have a powerful device you can mine any other coin out there.