Disclaimer: This article may contain some outdated information.
Note: CCN is the testnet token of OORT's first (Dome-A) and second (Huygens) testnets.
Before You Start: Check out our Metapower Calculator
Any user can calculate the estimated amount of metapower provided by using the Metapower Calculator on OORT’s (previously Computecoin) official website.
Step 1: Register a Mining Account
Two types of mining accounts are introduced in Huygens, phase two of OORT’s testnet, to facilitate miners’ daily operation and management.
- Miner Account: The primary account for mining. It’s connected to the wallet address and will receive all mining revenue.
- Miners need to register a Miner account on the OORT Mining Portal (coming soon).
- Miner accounts have permission to add and delete any Worker accounts under their charge.
- Worker Account: A functional account that only has permission to host and remove rigs without access to mining rewards.
- Worker accounts do not require any form of application except providing an Ale Wallet address.
- Worker accounts do not have permission to add or delete other Worker accounts.
Step 2: Purchase a Mining Pass
The Mining Pass is a credential for each miner’s computing power, recording the maximum amount of metapower each miner’s account can provide.
- A miner’s compute capabilities will determine the price of his/her Mining Pass. The more metapower the miner wishes to provide, the higher the cost will be.
- Payment Method: Stablecoin issued by OORT Network. Miners can get 1 OORT stablecoin for 1 USDT or 1 USDC on OORT’s website (coming soon).
The value of miners’ Mining Passes will be used for CCN buy-back and burn.
Step 3: Post Mining Collateral
Each time a miner hosts one or more rigs, the OORT Mining Portal will automatically calculate the corresponding collateral amount based on the machine configurations and the CCN Tokenomics model. Miners will only be able to host the machine after posting the collateral. If the collateral balance is insufficient, miners wouldn’t be able to host rigs.
- Miners can’t host more rigs when the total metapower exceeds what the Mining Pass allows.
- The collateral will be automatically refunded to miners after 360 days.
One-Week Trial: Start Mining Without Collateral
After getting a Mining Pass, miners can mine without posting collateral and explore CCN mining for a week.
- During the trial period, the mining revenue is lower. Mining rewards are 10x higher with collateral.
How to Participate as a Dome-A Miner
- Dome-A will be shut down before Huygens starts. All machines in Dome-A will be automatically taken offline. Miners do not need to un-host machines.
- Dome-A miners will need to follow the new mining rules in Huygens as other miners to participate in Huygens mining.
- The posted collateral in Dome-A 1.0 and 1.1 will be returned to miners six months after the launch date of Dome-A at equivalent CCN value. The specific return date, rules, and the process will be announced in the near future.