First activated in May 2013, Sexcoin is an industry-specific cryptocurrency made for the adult film and entertainment industry in Web3. The primary purpose of making SXC was to provide adult entertainment creators, consumers, and producers, with a fast, stable, secure, and easy method of transferring funds.
A total of 253 million SXC tokens are available on the network. It has near-zero fees for receiving and sending payments across its accepted vendors. SXC has a faster block time, 60 seconds for 6 confirmations, and rewards 1.5 SXC for each block found.
Is SXC Mining Profitable?
Mining SXC can be profitable if the number of power bills, power consumption, hashrate, and other initial setup costs are compensated for, by the amount created due to mining SXC. Mining can be even more profitable using an Nvidia GPU on a Linux or Windows operating system. Mining profitability depends on the gas fees and the number of payments the cryptocurrency charges for each transaction. It also depends on the electricity cost to run the mining rig, and if the amount of Sexcoin mined is higher than the amount used to mine, then it is profitable to mine Sexcoin.
How to Mine SXC: Our Top 5 Recommendations
Choose a Wallet
SXC can be stored in the “Sexcoin Wallet” provided on the official website of SXC. It can be used on multiple operating systems, including:
- Microsoft Windows
- Linux
- Mac/OSx
- Android
Alternatively, you can store your SXC in multiple self-custody wallets like Coinbase, Binance, and Crypto.com.
Select a Mining Software
Mining SXC requires a GPU, and the hashing algorithm “Scrypt” utilizes CUDA cores. So the best mining software for Nvidia GPUs are:
Get Required Mining Hardware
For total remuneration of your energy and power consumption costs, a Microsoft Windows operating system and a high-end GPU like the RTX 4090 would be the required mining hardware. You can also use Linux or Mac/OSx for mining SXC.
Configure the Hardware and Software
After downloading the miner of your choice, you must edit the batch files inside the miner folder or locate them in the AppData folder. It is done so that you can enter your mining pool and wallet address details before beginning the mining process and, thereby, gaining rewards for unlocking blocks.
Join A Mining Pool
There are a lot of mining pools to choose from while mining SXC. Here are some of the available ones:
- Cminors-pool.com
- Mining-Dutch
Also read: Check Sexcoin (SXC) Prices Live
Popular video guides on Mining Sexcoin (SXC)
How Does SXC Mining Work?
SXC mining works on the hashing algorithm “Scrypt.” Scrypt is a password-based PoW (Proof-of-Work) consensus hash function that is essential-based and is used in mining cryptocurrencies. Scrypt is designed to be computational and memory-intensive.
Scrypt was designed so that hacking blockchains would require large amounts of funds and computational power. Scrypt is still protecting coins like Dogecoin and Litecoin. SXC mining uses a GPU to mine blocks on the SXC blockchain. It would help if you had mining software, a mining pool, and a wallet to mine SXC successfully.
How Long Does It Take to Mine One SXC?
It would take 3 days to mine one SXC using an Antminer L7 and 8 days if using a Goldshell LT6. The current hash rate of SXC is 13.74 TH/s. Mining one SXC also depends on factors such as mining pool population, internet speed, and computational strength.
How Difficult Is It to Mine SXC?
The difficulty of mining SXC depends on multiple factors, such as competition, pool attendance, hardware capabilities, and server speed. The current difficulty of mining SXC is 205.609K.
What All Do You Need to Mine SXC?
1. Hardware:
You can use Nvidia GPUs to mine SXC. For a profitable outcome, you must use the Microsoft Windows Operating System, Linux, Mac/OSx, and Android if necessary. Some recommended Graphics Cards are:
- NVIDIA GeForce RTX 4090
- NVIDIA GeForce RTX 4080
- NVIDIA GeForce RTX 3090 Ti
- NVIDIA GeForce RTX 3080 Ti
- NVIDIA GeForce RTX 3070
- NVIDIA GeForce RTX 3060 Ti
- NVIDIA GeForce RTX 3060
2. Software:
Microsoft Windows and Linux are the most commonly used operating systems for mining SXC. It is due to the ease of editing the .bat files to register your wallet and mining pool addresses. Here are some of the mining software you can choose from:
- CCMiner
- GPUMiner
Top Wallets to Store Your DASH
Some of the top wallets to store SXC miners are:
- SXC Wallet
- Binance Wallet
- Coinbase Wallet
- Crypto.com Wallet
- Other trusted wallet
Most frequently asked questions on Sexcoin (SXC) Mining
How do I buy SXC coins?
To buy SXC coins, you can either visit the official website of Sexcoin, create a wallet, and add funds over there, or use any self-custody wallets like Binance and Coinbase, which let you store funds in their wallets for free. You can buy SXC on such exchanges, or you can choose to buy SXC from the officially supported exchange, Freeiexchange.
Who owns SXC?
There is no one owner of SXC. SXC has also yet to take up any funding. The lead developers are Lavajumper, Nerull, and The Unlucky One. Other members of its core team are PIB, Timelord, and Monicabb. SXC is a community-driven project that provides an easy and safe transaction medium for the adult film industry and its user.
Which miner is best for mining SXC?
As the hashing algorithm for SXC is “Scrypt,” we must use Nvidia GPUs to profitably mine SXC. You can choose to mine SXC using Mac/OSx or Android, but more than the return on investment would be needed to mine profitably. The best miners for SXC are:
- GPUMiner
- GMiner
- T-Rex Miner
Related articles to STC
How to Mine Starcoin (STC)
How to mine Starcoin (STC): An in-depth, no-nonsense guide to mining STC
