Safemoon is a Proof-of-Stake token on the Binance Smart chain blockchain and, therefore, cannot be mined. There has, however, been a rising demand for mining unmineable coins; the demand has forced innovations like Unmineable, which enables users to mine using proof-of-work algorithms with payouts in non-mineable coins like Safemoon.
SFM is the initial for Safemoon, the native token of the Safemoon ecosystem. According to Coinmarketcap, Safemoon has a total supply of 1T crypto coins. The Safemoon ecosystem is a community-led project that builds applications in NFTs, commerce, and the metaverse for a better tomorrow.
It is impossible to mine Safemoon, but a workaround makes it possible to mine PoW coins on Unmineable with payments made in Safemoon. So how does mining Safemoon on Unmineable work?
The software supports the Etchash algorithm and Ethash algorithm.
– Download Phoenixminer from the official website. – In the folder with the file phoenixminer.exe, create a start.bat file with th contents “PhoenixMiner.exe -pool ethash.unmineable.com:3333 -wal COIN:YOUR_ADDRESS.WORKER_NAME -pass xpause” – Join the mining pool. – Change the COIN, YOUR ADDRESS, and WORKER_NAME, where Coin is Safemoon, address is your wallet address for Safemoon, and Worker name is your user name. – Open the BAT file. A terminal will open, and hooray! You are now a crypto miner.
The platform supports Ethash, Etchash, and Autolykos algorithms.
– Download Lolminer software from the official Github page. – Unzip and in the folder with the file lolminer.exe, create a start.bat file with th contents “lolMiner.exe –algo ETHASH –pool ethash.unmineable.com:3333 –user COIN: YOUR ADDRESS.WORKER_NAME –ethstratum ETHPROXYpause” – Join the suitable mining pool. – Change the COIN, YOUR ADDRESS, and WORKER_NAME, where Coin is Safemoon, address is your wallet address for Safemoon, and Worker name is your user name. – Open the BAT file. A terminal will open, and hooray! You are now a crypto miner.
Yes. Mining Safemoon is a secure way of earning passive income, but like any other form of crypto investing, there is volatility risk. Mining cryptocurrency is not straightforward, conduct thorough research and assess your own risk.
January 31, 2020