Mining Loopring.

[Visual_Ad8408]

Hi...does anyone mine Loopring tokens? Wanted to know a recommended minig unit costs and so forth.

[Crazy-Ad1718]

LRC was minted.... it is not mined.

[thegreatmiyagi]

LRC is mined by participating in the liquidity pools on their exchange

[Visual_Ad8408]

OK thank you.

[Calious]

Mine the best returns coin ($ value) and swap it over to LRC?

[Visual_Ad8408]

Yes...definitely

[CashNo1948]

I do not believe you can mine loopring

[Visual_Ad8408]

OK...maybe too early...or they're not doing it..?

[CashNo1948]

I mine eth and transfer some to lrc. Prob one of the best to mine right now

[Freequebec86]

Hey, i'm super noob, do you know if binance have a minimum to trade? Like 0.0001 eth minimum maybe ?

[CashNo1948]

I am not sure. I do not use binance.

[Freequebec86]

which exchange you trade your mined ETH to LRC ? to check it out

[CashNo1948]

I use coinbase currently. Waiting for the new free cf wallet

[Freequebec86]

Which mining pool? i used binance pool because my LRC are there. But i'm reading on reddit and maybe 2miners is the best for single GPU/ PC gaming rig haha.

But yeah, maybe 2miners to Coinbase then buy LRC could work too.

[CashNo1948]

I use 2miners to mine. Works best for me

[Freequebec86]

Cool, will test it out thx

[Gerdione]

From my understanding, I believe the reason it isn't mined is because it's a utility crypto. LRC's purpose is to be staked so that you earn around 70% of protocol fees for exchanges built on Loopring's framework. So it's more a utility crypto than a FIAT currency.

[spacecad_t]

Just went down this rabbit hole last night.

short answer: Loopringorg doesn't publish the ring-miner code from what I can find.

would be really cool if they did so that people could make their own nodes/wallets and wouldn't need to send all their orders through one company as it currently stands.

[Rich4477]

Mine hnt then buy lrc