In the dynamic world of cryptocurrencies, Conflux (CFX) stands out with its innovative blockchain technology. This guide simplifies CFX mining into four actionable steps—from setup to selling your tokens—while highlighting key tools, strategies, and profitability insights.
Understanding Conflux (CFX)
Conflux Network is a high-performance blockchain leveraging a Tree-Graph consensus algorithm, combining scalability, security, and interoperability. The native CFX token powers transactions, staking, storage rentals, and governance.
Key CFX Mining Specifications:
- DAG Size: 7 GB (requires 8GB+ GPU)
- Recommended Hardware: NVIDIA RTX 20/30/40 series
- Current Block Reward: Up to 3000% extra income per block due to MEV (Miner Extractable Value)
Why Mine CFX?
- Integration with Chinese NFT Marketplace: Conflux drives a thriving NFT platform linked to pop culture, endorsed by celebrities and K-pop artists.
- Social Media Boost: Platforms like Weibo amplify adoption, creating unique demand for CFX-related NFTs.
- Enhanced Mining Rewards: MEV mechanisms enable miners to earn significantly more per block (40–3000 CFX).
Step 1: Preparing for CFX Mining
Hardware Requirements
- GPU: NVIDIA RTX 20/30/40 series (8GB+ VRAM)
- Power Supply: Ensure stable electricity; efficiency impacts profitability.
Software Setup
Choose mining software compatible with the Octopus algorithm:
👉 Optimize your mining rig with these tools
Step 2: Choosing a Mining Pool
Top CFX Mining Pools (2024)
| Pool | Fee | Payout Scheme | Minimum Payout |
|---|---|---|---|
| WoolyPooly | 0.9% | PPLNS | 0.1 CFX |
| 2Miners | 1% | PPS | 0.05 CFX |
| F2Pool | 2.5% | FPPS | 0.1 CFX |
Why WoolyPooly?
- Low fees (0.9%)
- PPLNS rewards long-term miners
- Real-time dashboard for tracking performance
Step 3: Configuring Your Miner
Sample Configuration Files
T-Rex Miner (start.bat):
t-rex -a octopus -o stratum+tcp://pool.woolypooly.com:3094 -u YOUR_CFX_ADDRESS.WORKER_NAME -p xGMiner (start.bat):
miner.exe --algo octopus --server pool.woolypooly.com:3094 --user YOUR_CFX_ADDRESS.WORKER_NAMEDual Mining (CFX + Ironfish):
miner.exe --algo octopus --server pool.woolypooly.com:3094 --user CFX_ADDRESS --dalgo ironfish --dserver IRONFISH_POOL --duser IRONFISH_ADDRESS👉 Maximize earnings with dual mining strategies
Step 4: Monitoring and Selling CFX
Tracking Performance
- Hashrate: Aim for stability (e.g., RTX 3080 ≈ 50 MH/s).
- Pool Stats: Check WoolyPooly’s dashboard for shares submitted and pending payouts.
Selling CFX on Exchanges
- Deposit CFX to supported exchanges like MEXC (no KYC required).
- Trade CFX/USDT: Use limit orders for better rates.
- Withdraw Profits: Convert USDT to fiat or reinvest.
FAQs
What’s the best GPU for CFX mining?
NVIDIA RTX 30-series GPUs (e.g., RTX 3060 Ti) balance cost and efficiency for Octopus algorithm mining.
How often do mining pools pay out?
Pools like WoolyPooly process payouts every 2 hours once you hit the minimum threshold (0.1 CFX).
Can I mine CFX with a 6GB GPU?
No. The 7GB DAG size requires 8GB+ GPUs (e.g., RTX 2070 or higher).
Conclusion
Mining CFX offers a blend of high rewards and cultural-tech synergy, especially with Conflux’s NFT ecosystem. By selecting robust hardware, optimizing pool settings, and leveraging tools like WoolyPooly, miners can tap into this lucrative opportunity. Stay updated with market trends and adjust strategies to maximize long-term gains.
Happy Mining! 🚀