It is by far the simplest way to mine PEG. Solo mining on the PegNet requires an intricate technical setup as well as buying/managing Entry Credits and price data feeds. We run a reliable infrastructure that considerably simplifies the setup and leave the Orax miners with a single task: mining. Bring your CPU power, we take care of the rest.
Run just one single simple CLI tool.
No maintenance or synchronization of factomd necessary.
No buying/managing of Entry Credits.
No buying/managing of price data feed.
Access a simple and clear web interface to manage your miners and rewards.
Variance of rewards decreased (that's the goal of a mining pool after all!).
The pool fee is currently set to 10%.
TLDR: once a day, minimum 10 PEG.
Each user can set a payout threshold and will receive a payment if their account balance is above that threshold when our payment processor runs. Our payment processor currently runs once a day. This mechanism allows each user to control how often they receive payouts.
Orax is run by Luciap Technology Inc., a Canadian company deeply involved both in the PegNet and Factom protocol communities: we are a core developer/reviewer of the original PegNet software and we are an Authority Node Operator of the Factom protocol. We have a long track of record of reliability and trustworthiness.
As 2Gb of RAM minimum are required to mine, only a Raspberry Pi 4 with at least 2Gb of RAM can be used. If you are using a 64-bit OS for it you should get the ARM64 version of the
orax-cli or if you are using a 32-bit OS get the ARMv7 version.