Looking to contribute to Ergo and receive rewards for helping secure the network? f2pool now supports Ergo mining. Let’s mine together!
In this comprehensive mining guide, we’ll introduce the essentials about Ergo mining, along with a detailed and actionable process for starting your Ergo mining journey.
What are the basics we should know about Ergo mining?
Ergo (ERG) mainnet was launched in July 2019. It was created with a primary focus on providing an easy way to use smart contracts by ordinary people using blockchain. It provides advanced cryptographic features and radically new DeFi functionality. The chart below lists a brief summary of the info for you to review:
|Block explorer||Ergo Explorer|
|Total supply||97,739,925 ERG|
|Consensus||Proof of Work|
|Mining algorithm||Autolykos v2|
|Current block rewards||67.5 ERG|
|Exchange||KuCoin, Gate.io, etc|
|f2pool mining community||Reddit channel|
|f2pool server address||stratum+tcp://erg.f2pool.com:7200|
For further protocol specifications, check the official technical documentation.
ERG, Ergo’s native token, has an 8‐year emission schedule, with a declining rate of emission over these 8 years, and a total amount of 97,739,925 ERG.
Initially, the block reward is 75 ERG, but after 2 years the rate of emission will fall by an additional 3 ERG every 3 months. At the end of 8 years, the final ERG supply will be 0, so there are no tail emissions like some PoW networks that we’ve seen.
There are no tokens pre-mined on Ergo, the only way to generate ERG is by PoW mining. Among the block rewards, only 4.37% of them are gradually delegated to the Ergo Treasury.
What hardware do I need to mine Ergo?
The mining algorithm Ergo uses is called Autolykos v2, it’s an ASIC-resistant memory-hard algorithm. This means you can use GPUs to participate in Ergo mining.
Current Ergo mining software mainly supports NVIDIA and AMD GPUs. Please note that a GPU with a memory of more than 2.5 GB will be required. Typically, the GPUs mining ERG has 4 GB or more memory on average.
For the GPU machines that can mine Ergo, you may also refer to our Popular Miners page.
How do I set up the software and create an account?
Step 1: Create a wallet address
Creating a wallet address is always the first step when diving into a new blockchain network. You’ll need a wallet address to check and receive payouts to mine Ergo with f2pool.
You can choose to run a full node wallet or use another wallet solution. We recommend the Ergo wallet. You can also choose an exchange wallet address like KuCoin or Gate.io. Note: You should always do your own due diligence when choosing a wallet provider or exchange.
Step 2: Create an f2pool account
You’ll need to create an f2pool account before mining Ergo with us. If you don’t have one yet, please click here to register.
Set an account name. This will be required for configuration. You are free to create multiple subaccounts to monitor your workers/miners.
Now add your Ergo wallet address created in Step 1 and add enter it in the Payout Settings. You can check hashrate changes and your rewards once you start contributing shares.
You can add or change your payout address in your Payout Settings. f2pool distributes mining revenues on a daily basis to every user who reaches the payout threshold, which is 0.5 ERG.
Step 3: Get your software environment ready
Once you have the required hardware, an f2pool account name, and an Ergo address ready, it’s time to set up your software environment.
The current Ergo mining software requires a Windows or Linux system.
Step 4: Configuration
After you have downloaded your chosen mining software, uncompress it, find the
start.cmd file, right-click on it, and click
Copy the text
Replace the file’s existing commands with the commands from the chart below that correspond to your chosen mining software.
|NBminer||nbminer -a ergo -o stratum+tcp://erg.f2pool.com:7200 -u
|lolMiner||lolMiner.exe –algo AUTOLYKOS2 –pool erg.f2pool.com:7200 –user
Enter your account name
account_name to the f2pool account or subaccount name you generated in Step 2. Set
worker_name to your device name, e.g.
If you’re using multiple rigs, setting informative worker names can help you identify the right devices when your hashrate decreases or a machine goes offline.
Run the file
Save your changes, close the editor, and double-click on the
start file. You will now connect to the pool and start mining!
How do I check my rewards?
Now that you’ve started mining, you can calculate the revenue your devices are generating. We’ll also give you an overview of how fees and payouts work with f2pool.
Check the block reward on-chain
Visit the Ergo block explorer to get a better understanding of the decentralized world you’re powering with your hashrate. Input your wallet and transaction details to find on-chain information, such as payouts from f2pool.
Calculate what you can earn
Measure your revenue
The number of coins you can earn is primarily based on how much hashrate you have. You can measure estimated daily revenues using your Mhash/second to calculate the number of coins you can mine and multiplying this number by the current exchange rate for your target currency (e.g. USD or EUR). You can use this hashrate conversion tool if you prefer other units than Mhash/s.
f2pool calculator tool
You can use our calculator tool to easily estimate your potential revenue from popular mining machines.
Verify your payouts from f2pool
Once your device has started mining and submitting data to the pool, you can access real-time reward records from f2pool.
View your records
As long as you’re submitting your hashrate successfully, you will receive payouts from f2pool.
To view your real-time Ergo mining payout records, visit the f2pool website and sign in and view the records on your dashboard.
f2pool app is also convenient for you to view the rewards.
f2pool calculates Ergo mining rewards using PPS (Pay Per Share) and charges 3% from your rewards as commission. When the coins in your account reach the minimum threshold of 0.5 ERG, you will receive a payout within 24 hours.
Start mining today!
Now that you have all the info you need, it’s time to start securing the network!
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