Mining Monero Original (XMO) Hard Fork From Monero (XMR)

airdropup (25)in #cryptocurrency • 7 years ago (edited)

Monero (XMR) is going to have the network update (basically a fork but without making a new coin) that is scheduled for April 6, 2018. Since that point, Monero will use a new PoW algorithm that will make it incompatible with other coins for merged mining. Monero Original (XMO) is based on Monero Helium Hydra release and will continue staying on the original chain. Basically speaking, this will be the old Monero you all got used to.

How to get XMO on MinerGate?

All miners that own XMR before the fork will receive the amount of XMO equal to their confirmed balance.

How to mine XMO on MinerGate?

If you use MonerGate’s miners, download the recent miner version here: http://bit.ly/2HgJOoA and select XMO (after After April 6th). If you don’t upgrade your software, after April 6, 2018 you’ll be mining XMR but the rewards will be in XMO.

Miners who mine with 3rd party miners should follow the instruction to change configuration settings.

What if I want to mine XMR?

If you’ve already been mining Monero (XMR), all you have to do is to upgrade MinerGate miner. If you’ve never mined XMR and want to start after the fork, select XMR in the updated MinerGate miner and you are all set.

Miners who use side software should change the settings and change the XMR port from 45560 to 45700.

The final address should be: stratum+tcp://xmr.pool.minergate.com:45700

VIP program members will receive special instructions by e-mail. In case you did not receive any instructions, consider contacting our support team at [email protected]

What happens to the unconfirmed balance?

After the fork, both your XMR confirmed and unconfirmed balances will remain the same, while you receive the amount of XMO equal to your confirmed XMR balance. As you have never mined XMO before, your unconfirmed XMO balance will be empty.

What if I have a relatively old hardware?

MinerGate welcomes all types of mining hardware including the ones with old video cards. Our team will exclusively issue a new GUI miner 8.0 Legacy that will support past generation video cards.

What if I want to continue merge mining?

After the fork XMR will be using a slightly different mining algorithm which will make it unavailable for merged mining with CryptoNight-based coins. However, you can merged mine XMO with the same coins you merged mine before with XMR.

How does XMR fork affect Cloud Mining?

Everyone who bought XMR cloud mining contracts will continue to receive XMR rewards.

How to Withdraw and Sell or Buy XMO?

If you use minergate app, you can go to wallet menu. If you open minergate through the website, you can go to the dashboard menu and click the withdraw button on the XMO.!