FLUX is a decentralized Web3 computational network infrastructure stored using cloud computing, providing blockchain as a service to businesses. In other words, it is the AWS for Web3. It consists of an array of user-controlled, globally scalable nodes. Founded in 2018 by Tadeas Kmenta, Parker Honeyman, and Daniel Keller, it was initially called ZelCash and was made using a hard fork of the ZCash blockchain.
FLUX’s mechanism is based on the incentivization of its native PoW coins, FLUX. Nodes spread across the globe called “FLUXNodes,” give the computation power to hold up the system. So, is flux mining profitable? Or, what hardware do you require to mine 1 FLUX? Here is a brief analysis on how to mine FLUX in just few easy steps!
Is FLUX Mining Profitable?
The profitability of a cryptocurrency depends on factors such as the power consumption required during mining, the cost of power/electricity, and the price of the cryptocurrency. If a positive difference exists between the invested amount (electricity, internet, etc.) and the gained amount (FLUX converted into $), then mining FLUX will return a profit.
If your electricity costs are lower than 0.030 USD per kWh, and you’re using an RTX 3090, then you can profitably mine FLUX. And in the case of an RTX 3080TI, your electricity costs must be lower than 0.028 USD per kWh to return a profit.
How to Mine FLUX: Our Top 5 Recommendations
Choose a Wallet
To mine FLUX, you can either go with the official wallet by FLUX called “Zelcore” or choose any wallet provided by numerous crypto exchanges. Zelcore can connect you to multiple exchanges via its APIs. Here are the supported exchanges:
- FTX US
Select a Mining Software
There are many mining software to choose from, but the best three are:
You can prefer to use MiniZ, as it has a better average hashrate than LolMiner and GMiner. MiniZ and GMiner are used primarily for Nvidia GPUs, and LolMiner is used for AMD.
Get All The Required Mining Hardware
To fully utilize your power and internet bills, a Microsoft Windows operating system and a high-end GPU like the RTX 3090 would be the required mining hardware. For AMD GPUs, an RX 6800 XT would be more than enough.
Configure the Hardware and Software
Download the desired miner and extract the files on your computer. The password for the .zip file of MiniZ is (mini). Find the .bat files in the miner folder, and edit the wallet address and mining pool port values in them.
- In the case of MiniZ, find the MiniZ.log file and rename it “mineflux.bat.” The MiniZ batch file should look like this (miniZ.exe –url=<ADDRESS>.<WORKERNAME>@<SERVER>:<PORT> -p <PASSWORD> –par=125,4 –pers=ZelProof)
- In the case of GMiner, (miner.exe –user <ADDRESS>.<WORKERNAME> –server <SERVER> –port <PORT> –pass <PASSWORD> –algo 125_4 –pers ZelProof)
- And in the case of LolMiner, (lolMiner.exe –user <ADDRESS>.<WORKERNAME> –port <PORT> –pool <SERVER> –pass <PASSWORD> –coin flux)
After replacing all the related data, save these files as a .bat file and run them to start the mining process.
Many mining pools are available on the official website of FLUX. Here are the supported ones:
- 2 Mars Miners
The two most commonly used mining pools for FLUX are Minerpool and Fluxpool. Here are server options for different regions. 2032 is a weaker one, and 2033 is a more crucial one.
Here are different servers for FLUX pools:
Replace the <Port> section with these to mine FLUX using your AMD or Nvidia GPUs.
Also read: Check FLUX Prices Live
Popular video guides on Mining FLUX
How Does FLUX Mining Work?
FLUX mining works on the hashing algorithm developed by FLUX called “ZelHash.” It is a GPU-minable iteration of Equihash 125.4, which ensures ASIC and FPGA resistance and lets users mine coins without buying expensive equipment from the comfort of retail GPUs. Wilke Trei of LolMiner is the developer of ZelHash.
ZelHash is a PoW (Proof of Work) algorithm that has a modification that closes a memory trade-off or computation, which can be applied using specialized hardware in the future. Also, without the inclusion of ASIC machines, more users could join mining pools and contribute to the network by becoming nodes.
How Long Does It Take to Mine One FLUX?
With a single unit of RTX 3090, it would take 3 days to mine 1 FLUX. In the case of an RTX 3080TI, it would take 4 days to mine one FLUX. The current FLUX network hashrate is 3.4158 MH/s. You can calculate the time it takes for your rig to mine one FLUX by providing values such as current hash rate, electricity charges, and more using these calculators:
How Difficult Is It to Mine FLUX?
The difficulty of mining FLUX depends on factors such as competition, pool attendance, hardware capabilities, and internet connection. The current difficulty rate is 49.3764K.
What All Do You Need to Mine FLUX?
You can use both NVIDIA and AMD GPUs in order to mine FLUX. FLUX can be efficiently mined on a Linux or a Microsoft Windows operating system. Some recommended graphics cards are:
- NVIDIA GeForce RTX 4090
- NVIDIA GeForce RTX 3080 Ti
- NVIDIA GeForce RTX 4080
- NVIDIA GeForce RTX 3070
- NVIDIA GeForce RTX 3090 Ti
- AMD Radeon RX 7900 XTX
- NVIDIA GeForce RTX 3060 Ti
- AMD Radeon RX 6800 XT
- AMD Radeon RX 6700 XT
- NVIDIA GeForce RTX 3060
2. Software: Microsoft Windows and Linux are the most commonly used operating systems for mining FLUX. It is due to the ease of editing the .bat files to register your wallet and mining pool addresses. Here are some of the mining software options you can choose from:
Top Wallets to Store Your FLUX
Some of the top wallets to store FLUX are:
- iToken Wallet
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Most frequently asked questions on FLUX Mining
What is FLUX coin?
FLUX Coin is the native cryptocurrency of the FLUX Network and is used on the FLUX ecosystem to purchase resources, reward miners and nodes for giving their computational capabilities, and keeping the system alive and running. FLUX Coin is also bought and sold on multiple cryptocurrency exchanges.
What are the crypto exchanges that support FLUX?
Here is a list of all the crypto exchanges that support FLUX:
- SWAP SPACE
The Flux Whitepaper is on their official website for more information on the exchanges that support FLUX.
Who owns FLUX coin?
Flux coin is owned by none. Its co-founders, Daniel Keller, Tadeas Kmenta, and Parker Honeyman, developed the FLUX coin in 2018. Initially known as ZelCash, FLUX is a Fork of ZCash, which is a Bitcoin fork. A fork is a fundamental change in the blockchain protocol.