SATMINE is a decentralized mining platform based on the Mineral Protocol. It enables users to engage in blockchain network consensus and transactions through the deployment of mining machines. This tutorial will guide you on how to deploy a mining machine and start mining on the SATMINE platform.
Deploying a Mining Machine on SATMINE
TICK:
Define the name of your MRC721 mining machine. It should be in uppercase, limited to 20 characters, with no consecutive spaces between words.
Image ID:
You can find an image ID on ordinals.com or in your wallet assets. Select an existing image inscription from the blockchain and use its inscription ID. If you don’t provide an Image ID, the default image will be used.
Maximum Number of Machines:
The max supply of the MRC721, ranging from 1 to 100 million.
Single Address Limit:
The maximum number of machines an address can mint, ranging from 1 to n.
Image ID
MRC20 Token Parameters
Total Token Supply:
- The max supply of the MRC20, ranging from 1 to \(10 \times 10^{666}\).
Initial Yield:
- The amount of MRC20 generated per block to all mining machines, split equally, ranging from 1 to the total token supply.
Reduction Cycle:
- The number of blocks until each reduction (or halving) cycle, ranging from 1 to n.
Reduction Rate:
- The percent reduction of token mining rate after each reduction cycle, ranging from 0% to 100%.
Optional Parameters
Burn Parameters:
Units needed for a burn (“unit”):
- Burn this many units of the MRC20 to increase the power of your MRC721.
Boost (“boost”):
- 0.000–1.000, equivalent to 0% — 100.0%. For example, if boost=1, then a burn will upgrade the mining rate of your MRC721 by 100%.
Lottery Parameters:
Drainage Ratio:
- The percentage of the block rewards added to the lottery pool, ranging from 0% to 100%.
Prize Interval:
- The number of blocks until each lottery draw, ranging from 1 to n.
Winning Probability:
- The probability that the lottery hits each round, ranging from 0 to 1.
Reward Distribution Rate:
- The percentage of the lottery pool distributed to the winner, ranging from 0 to 100%.
Final Steps
Once you have completed the settings, you can move on to the next step, which is confirming the parameters.
Upon successful deployment, your wallet will show a confirmation. The speed of block confirmation depends on the GAS amount paid. About 5 minutes later, the MRC721 that you deployed will appear on the SATMINE website’s list.
Post-Minting
After the minting process, you will be able to view the quantity of tokens generated in your assets. We are planning to introduce more comprehensive content and displays shortly.
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