How to mine Decred

Decred is a community-driven cryptocurrency created to provide an alternative to Bitcoin. The fundamental PoW base layer of the Decred blockchain is extended with PoS to provide an additional layer of security and a formalized governance model. DCR mining uses the Blake256r14 mining algorithm and has a total supply of 21 million coins.

Feel free to check out the official website and block explorer to get more familiar with Decred before continuing.

1. Obtain suitable hardware

✅ DCR can be efficiently mined with ASIC miners.

❌ DCR cannot be efficiently mined with CPUs or GPUs.

View our Miners page to discover the most profitable GPU cards for Decred.

2. Obtain a wallet address

You’ll need to get a wallet address if you don’t have one already. A Decred wallet address is required for you to receive and monitor your mining revenue.

f2pool distributes mining revenues on a daily basis to every user who reaches the payout threshold, which is 0.1 DCR. f2pool’s payout scheme is 3% PPS.

We recommend the official Decred full-node wallet or Cobo Wallet. You can also choose an exchange, such as Binance or OKex. Note: You should always do your own due diligence when choosing a wallet provider or exchange.

3. Configure your mining device

Your miner must be connected to the f2pool server listed below for your hashrate and revenue to be recorded and monitored.

You will need to enter the following information on your mining device:

URL: stratum+tcp://dcr.f2pool.com:5730

Username: walletAddress.workerName

Password: Your choice

Please note

workerName is optional, but we recommend connecting each mining device with a separate workerName for efficient monitoring.

4. Start mining today!

Your machines are now ready to mine!

As long as you’re submitting your hashrate successfully, you will receive payouts from f2pool.

To view your real-time Decred payout records, visit the f2pool website and click the 🔍 icon in the top-right corner, select DCR, enter your wallet address, and click Go.

If you’re using the f2pool app, click the 👁 icon at the top-right corner of the main page and enter your Decred address.

If you run into any problems mining Decred, please feel free to reach out to our customer service team at support@f2pool.com, open a support ticket, or start a conversation on reddit.

To stay updated with the latest PoW news and developments, follow us on Twitter!

Happy mining!