Martkist is a new cryptocurrency which aims to provide a platform for decentralized listings, that allows people to participate in online commerce 24/7, and be an escrow agent to earn Martkist, creating a secure, stable ecosystem for ecommerce.
Martkist uses the SHA-256 hash algorithm, has a block time of 60 seconds, a difficulty adjustment every 3 blocks and an aim to distribute the supply of 30 million MARTK over 10 years. There are two main options to mine Martkist online, Nicehash (www.nicehash.com) or Mining Rig Rentals (www.miningrigrentals.com). Nicehash is probably the better option for a beginner as you are buying hash-power instead of renting actual mining rigs on Mining Rig Rentals.
As Nicehash states, “Mining rig rental services are clumsy and give unexpected results, such as the rig going offline or not reaching the desired or advertised speed”. But Mining Rig Rentals does act as a 3rd party mediator should there be a discrepancy between what you paid for and what you received. Regardless of which option you choose, the process of mining on either platform is basically the same.
First you will need to download the Martkist wallet by going to https://martkist.org/ and scrolling down to the “Downloads” section. There are wallets for Windows, Mac and Linux. Install it and let it sync to the network. You can encrypt your wallet by going to Settings > Encrypt Wallet and following the instructions. Once your wallet is set up, you will need to choose a mining pool to join. You can see a list of current mining pools by visiting https://miningpoolstats.stream/martkist. You may want to consider the percentage fee that the pool takes and the pool’s existing hash-rate when choosing a mining pool to join.
You could also join multiple pools for multiple options in case a mining pool becomes unavailable while you are renting hash-power or mining rigs. In the mining pool, create a new worker, then order hash-power or rent a mining rig on Nicehash or Mining Rig Rentals. Use the details provided by the mining pool to start mining on the Nicehash or Mining Rig Rentals. Congratulations, you are now mining Martkist. To see how your mining operation is going, you can look at your mining pool. The mining pool should also have details of how frequently they pay out miners, and for you, this tells you how often you will receive Martkist in your wallet. Happy mining!
