How to Mine Nexa with GPU: Mining Setup and Profitability

Introduction to Nexa Cryptocurrency

Nexa is an emerging cryptocurrency mined on graphics cards. Leveraging an innovative approach to proof-of-work hashing algorithm known as NexaPoW or NexScalePoW, Nexa’s blockchain offers a unique combination of SHA256 hashing and Schnorr signature generation.

Nexa’s primary focus is to significantly improve network capacity and computing performance. One notable feature of Nexa is its ASIC resistance. These characteristics reduce the risk of centralization and ensure a fair mining environment. The NexaPoW algorithm encourages widespread participation as individuals and organizations can help secure the network through the possibility of earning NEXA tokens.

The current Nexa real-time price is $0.000006 USD with a 24-hour trading volume of $281,187 USD. Currently, Nexa is ranked 704 on CoinMarketCap. There is a maximum. We supply 21,000,000,000,000 NEXA coins. Nexa is available on a variety of cryptocurrency exchange platforms, including BitMart, MEXC, CoinEx, Txbit, and SafeTrade.

Which Nexa wallet should you choose?

We recommend using the official Nexa wallet, which contains a full copy of the blockchain. This gives you full control over your keys and Nexa Coins. This full node wallet allows you to interact directly with the blockchain, providing optimal security, privacy, and trustless assurance. The rules to remember are Not a key, not a coin..

Nexa addresses can also be generated on cryptocurrency exchanges such as MEXC, but keep in mind that this means your coins will be stored in the exchange’s wallet. You do not own the private keys to that wallet, which could potentially expose your funds to risks such as the exchange being hacked or taken offline.

An Android wallet for Nexa is also available, providing mobility and accessibility for Android users. An iOS version is currently in development and will be released soon to accommodate the needs of iPhone users.

How to set up Nexa Mining

Nexa mining algorithm is still protected from ASIC devices. This means that Nexa mining can be done using only a video card. Nexa’s most popular mining software are lolMiner and rigel. The platform supports the NexaPoW algorithm, so you can also rent hashing power from Nicehash. 2Miners has two ports with different shared difficulty levels. One is for GPU mining and the other is for Nicehash.

You can always find ready-to-use bat files in the Quick Start Archive. Use “2miners” as the password.

Mine Nexa and earn in Bitcoin

In addition to the Nexa wallet, you have the flexibility to use any Bitcoin wallet for mining activities in the 2Miners pool. For coins like ZEC, ETC, RVN, ERG, KAS, and NEXA, 2Miners allows miners to receive rewards directly in BTC. To take advantage of this feature, provide your BTC wallet address instead of your NEXA wallet address in your mining software settings. All types of Bitcoin addresses are accepted: SegWit, Compatibility, Legacy, etc. Additionally, BTC addresses generated on cryptocurrency exchanges are fully compatible, making mining reward management easier and more diverse. Read more in our post Getting Paid in Bitcoin for Altcoin Mining.

Nexa Mining with LolMiner

Use the settings below. Replace YOUR_WALLET_ADDRESS with your Nexa or BTC wallet. for example Link: nqtsq5g5szgc9uu9rck2vhjh2vux06ep07fscng86t03rkxd. This feature connection: The part in the front. You could also use your Bitcoin wallet address as an example. bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc.

that much strict You can replace it with the name of your desired device. This will be displayed on the miner’s statistics page. This field is not required. You can also leave it blank. length of strict – Up to 32 characters. Please use English letters, numbers, and symbols “-” and “_”.

lolMiner.exe --algo NEXA --pool nexa.2miners.com:5050 --user YOUR_WALLET_ADDRESS.RIG_ID

When you run the bat file you will see the shares being transferred to the pool.

Nexa Mining with Rigel

Rigel is a young and promising mining software. NexaPoW also shows good performance. Please find the settings below and don’t forget to specify your wallet address.

rigel.exe -a nexapow -o stratum+tcp://nexa.2miners.com:5050 -u YOUR_WALLET_ADDRESS -w RIG_ID

Rigel has a slightly different interface. If all goes well, you will see the following: Solution approved paragraph.

Nexa Mining with Nicehash

Custom pool name: 2Miners NEXA
Algorithm: NexaPow
Stratum hostname or IP: nexa.2miners.com
Port: 5151
Username: YOUR_WALLET_ADDRESS
Password: x

Whether you use a GPU or Nicehash, you can start mining and see your statistics as soon as you send your first share to the pool. Simply paste your wallet address into the search box at the top of the 2Miners.com website.

For Nexa, we provide detailed sharing statistics so you can find the number of outdated and invalid shares and troubleshoot your mining rig if necessary.

How to Set Up Solo Mining on Nexa

If you have high hashing power, solo mining Nexa on 2Miners can be a good option. All settings required for this method can be found in the help pages.

To get started with Solo mining Nexa, you first need to select a mining server. For GPU mining, the server is solo-nexa.2miners.com:7070If you use Nicehash, the server to use is solo-nexa.2miners.com:7171

Solo mining is only recommended if the hash rate is high. Before you decide to mine Nexa on your own, use the 2CryptoCalc Mining Profitability Calculator to check your feasibility. It’s worth noting that solo mining can potentially bring larger rewards, but payout frequency can be less predictable compared to pool mining. Always consider all options and considerations before making a decision.

Nexa Mining Profitability

Visit 2CryptoCalc.com and select the model and number of GPUs you have. By default, mining profits are calculated for 300 Nvidia 3070 GPUs. Currently, Nexa tops the list as the most profitable coin in this setup. However, keep in mind that profitability may vary depending on changes in cryptocurrency prices and the amount of hashing power involved in the mining process. Therefore, we recommend that you revisit the calculator regularly to keep abreast of changes in profitability.

Owning 300 Nvidia 3070 GPUs can generate daily income of $125.31. This calculation does not take into account electricity costs.

The Nexa Mining Profit Calculator can help you determine if solo mining is possible with your hashrate. According to 2CryptoCalc predictions, solo mining is not recommended unless there is a possibility of mining at least 1-2 blocks. That is, it is desirable to have a NexaPoW hashing power of at least 10GH/s.

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