The uPlexa network incentivizes the mass compute power of IoT devices to power its means of anonymous blockchain payments. Our goal is to decrease the barrier to entry for cryptocurrencies to allow for proper mass adoption and to target newcomers to the world of digital currencies.
What is Mining? uPlexa mining is the process of adding transaction records to the uPlexa private ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. By mining blocks on the uPlexa network, you help power transactions, whilst being rewarded a reward based off of the amount of shares your computer submits overtime.
How Can I Mine? uPlexa’s Cryptonight-UPX algorithm has been built in-order to provide higher hashing power than other blockchains for the internet of things (IoT). This allows for all things with processing power and internet access may mine on the uPlexa network, resulting in one of the most decentralized and private blockchains to exist. You are able to mine on your PC, phone, tablets, TV’s, TV Boxes, Raspberry Pi’s, and more.
How do I get Started?
First, you will need to create a uPlexa wallet. This is the wallet you will receive UPX (uPlexa coins) to. To create a wallet you may choose from the following options:
- uPlexa Web Wallet (No download required)
- uPlexa GUI Wallet (Windows | Linux)
- uPlexa Android Wallet (Release date: January 16th, 2019)
The wallet process is pretty straight forward. However, if you get lost, feel free to follow this step by step video guide by “IMineBlocks”:
Once you have your wallet all set up, make sure to note your public key, as you will need it in a few moments.
Now, you will have to choose whether or not you would like to mine via CPU, or GPU. If you’re a gamer or video editor, you likely have a powerful GPU (Graphical Processing Unit). If you’re not, you should stick to CPU mining. You could also opt to mine with both GPU and CPU for even higher uPlexa rewards.
How to Mine on your PC via CPU:
How to Mine on your PC via GPU:
Where can I learn more about uPlexa?