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How to build your own altcoin cryptocurrency mining pool
Highest Rated
Rating: 4.7 out of 5(268 ratings)
1,706 students
Created byCraig Young
Last updated 4/2024
English

What you'll learn

  • Build your own Cryptocurrency mining pool where others can meet and combine their computer power to allow more effective mining
  • Earn commission from the miners who mine on your pool
  • Maintain your mining pool
  • Compile the coin daemons from source code
  • Add coins to your mining pool
  • Allow others to mine the coins you compile
  • Pay your miners automatically while keeping a commission for yourself
  • Spot a scam
  • Troubleshoot basic problems that may arise

Course content

8 sections83 lectures6h 9m total length
  • Introduction6:16

    This lesson covers course expectations and what you should be able to achieve after the completion of the course.  It covers what experience you should already have, and what the costs are likely to be to build your own mining pool.

Requirements

  • An intermediate level understanding of cryptocurrencies
  • Experience in altcoin mining
  • Experienced/Advanced level Linux skills
  • A decently powered Windows computer that can have Oracle VirtualBox installed on it
  • A VPS (virtual private server) from Contabo/Vultr or similar, for your production server

Description

Learn how to build and maintain your own altcoin cryptocurrency mining pool, including how to compile coin daemons under Linux (Ubuntu 22.04), add your self-compiled coins to a pool, and how to earn commission from everyone who mines at your pool. Lots of demos that you can follow yourself as you build your own mining pool. Includes building a development server (on VirtualBox) for coin compilations, and building a production server for the Yiimp mining pool software at your chosen provider (Contabo demonstrated) and goes over a number of troubleshooting hints and tips to help you on your way.

Note: This course is not intended for those that are unfamiliar with cryptocurrency mining and blockchain technology, those with little computer experience, or those wanting to learn how to invest in cryptocurrencies. If you are looking for courses on how to mine, or on cryptocurrency investments, you should locate other courses as this course will not cover this material.

You should be familiar with the Linux command line and have advanced Linux skills. Even though there is active support for the course, you are expected to know how to troubleshoot yourself by looking in logs, etc, before you request help. Remember - this is an advanced course and it will be difficult for you if you are not already experienced in Linux.

Also note that Yiimp is for coins based on Bitcoin code and is does not support all algorithms that every alt coin may use.

Who this course is for:

  • For people who understand blockchain and cryptocurrency mining and want to expand on their existing mining experience
  • For those that want to allow others to mine together for better mining results
  • For people who are prepared to put in some effort and earn some commission while doing so
  • For those that understand that things can can wrong in the IT world and they may need to troubleshoot issues themselves
  • For those that are interested in being technical and have an attention for detail