Get paid directly from the protocol and help secure Nexa.
Nexa operates on the most battle-tested system of blockchain security, Proof-of-work. Anyone can join the network and be paid in NEXA to provide security to the network.
How to Mine Nexa
Nexa is currently GPU (AMD/NVIDIA) mined via third-party mining software. Nexa was launched on June 21st, 2022 and was initially mined via open-source CPU mining software provided by the Nexa team. CPU mining continued until late November 2022 until GPUs began to come on the network.
Mining Algorithm
Nexa utilizes a unique algorithm ”Nexapow” that will allow the chain to scale to global capacity. Instead of just using computing power to provide consensus like traditional blockchains with Proof-of-work, the Nexa algorithm contributes computing power to remove two key bottlenecks in scalability: Signature signing and UXTO lookups. Currently Nexapow consists of SHA-256 hashing with Schnorr signatures, and will be later be upgraded to include UTXO lookups.
Mining Rewards
Nexa has a similar monetary policy and block reward structure as Bitcoin, which has mining rewards halving every ~4 years. The currently block reward is 10 million Nexa per block. Each block occurs every ~2 minutes, for a total of ~720 blocks per day (7.2B Nexa Emitted Daily). Max Supply of Nexa is 21T which will be reached in ~140 years
DO NOT MINE TO ANY EXCHANGES. ANY MINING TO EXCHANGE WALLETS RISK LOSS OF FUNDS.
PLEASE CREATE A WALLET HERE: (https://www.nexa.org/node) or (https://www.otoplo.com/wallets)
Mining Software
Mining Nexa in Linux and Windows is possible with the following 3rd-party mining software options
Mining Pools
Nexa can be mined solo or via pools. Currently BZminer supports solo mining directly to your own node. BZminer, LOLminer, Rigel, and Wildrig all support pool mining to the following pools. Do not mine to any exchange wallets with these pools or you will risk losing your coins.
