URX Frequently Asked Questions
What is this project?
UraniumX is a digital asset that enables instant transfers to anyone, anywhere in the world. UraniumX uses peer-to-peer (P2P) technology to operate with no central authority: managing transactions and issuing coins are carried out collectively by the network. UraniumX is the name of the open source software which enables the use of this coin.
For more details read our Whitepaper and view the coin specification.
Where to get mining support?
First read through this FAQ page. Then join us in the Discord server for any further questions.
Why CPU only?
Our coin specification is based on the code from Bitcoin (BTC) core, but with various settings aimed at meeting the unique goals of our project, while providing for future growth. The coin is meant to be fair such that any user can mine and solve blocks. By keeping with CPU only this will prevent to some extent industrial ASIC being developed as is the case with BTC mining now, making solo mining near impossible to find a block in 2019. As every user has a CPU on their machines, the URX coin design mandate will forever be to keep the hashing algorithm as CPU only to give a fair chance for all miners.
How to get started with URX wallet?
Right now we have desktop clients and an android mobile wallet app. You can mine URX on the desktop client only. Android app is good for fast mobile peer to peer trading and also supports BTC. We recommend to start with desktop and download the source files from here. For Windows and Mac the installation is easy and the program will install for you the normal way. It has to download the blockchain history, so the first time might take 1hr to sync with the network. Be patient. The blockchain file is about 100MB and will grow a little bit everyday as new blocks are found, so make sure you have at least 1GB extra free space for the next several years on your machine. Detailed install instructions can be found here.
Now spend some time getting familiar with the URX wallet interface. The graphical user interface is easy to follow, and you can select non-English menu language. This wallet client is very similar to the original Bitcoin core features. So you can see how BTC core client was created and is still used today.
Once your wallet is synced to the network, next step before using the wallet is to encrypt your wallet with a very long and random password that you write down on paper and only and store in a safe place with backup copy (30+ characters). DO NOT STORE PASSWORD IN TXT FILE ON YOUR PC. NEVER.
Navigate to: Settings –> Encrypt Wallet
When you have an encrypted wallet, each time you initiate the action to send funds to another URX address, you have to enter your password to temporarily unlock the wallet. It’s good security practice with any coin and wallet.dat file you own. This way, if someone gain access to your PC, or if your computer blows up, no worries, you can add your encrypted wallet file on another new machine on the network and use password to unlock your URX wallet. See next question on how to backup your wallet.dat
How to backup wallet.dat file?
Now that your wallet.dat file is encrypted, next step is to find it and make a backup copy. In Windows navigate to:
(NOTE: AppData folder is hidden in Windows by default, in the Windows folder browser, select the View tab and check the ‘hidden items’ box)
You will see wallet.dat file there, copy and paste it to the Desktop for now. Then store your encrypted wallet.dat file on backup USB device.
Linux users navigate to:
cp wallet.dat /home/”yourusername”/Desktop
This way now if your PC is destroyed you can still recover your coins by installing a new client and putting your encrypted wallet.dat in the default directory.
Details of JUN-2019 fork?
Fork instructions for existing miners can be found here.
What? blockchain Argon2ad hashing algorithm forking to modified YesPoWer at block 106500
Why? Because YesPower is a CPU-friendly GPU-unfriendly and ASIC-neutral mining algo. Argon2ad algo was recently cracked for GPU mining, making the mining network power unbalanced. The URX coin design is to keep CPU only decentralized mining. Therefore this fork will provide CPU only blockchain consensus.
How? Simply move your wallet.dat to new client. Remember to encrypt it first if you have not already!
NOTE: new miners can just download latest wallet version and no action needed
How to solo mine URX from wallet?
To get started in solo mining, navigate to Help–>Debug window, then console tab.
Enter “setgenerate true X” where ‘X’ is the number of CPU cores you wish to contribute to mining.
Enter “setgenerate true” to use all CPU cores.
Now you are officially crypto mining! Use command “getmininginfo” to see your localhashps compared to the total networkhashps.
Depending on your hash power contribution and luck, it might take your machine several days or even weeks to find a block. Be patent. Some days if you are lucky you will find several blocks in one day. Each block you solve after 101 confirmations is awarded to your wallet.
AMD Ryzen CPU as an example is very good at heavy load multi-threading, often performance will all cores mining is still very fast for local machine work
How to mine with pools?
Official development URX pool to support: www.uranium-x.net
standalone cpu mining software:
windows miner : https://pool.rplant.xyz/miners/cpuminer-opt-win.zip
linux miner : https://pool.rplant.xyz/miners/cpuminer-opt-linux.tar.gz
How to trade URX?
You can trade peer to peer with any URX address. We also have a mobile android wallet for on-the-go trading that supports URX and BTC. The mobile wallet is very secure with a 12 phrase encryption seed. You cannot exchange directly for BTC with the android app yet, soon we will add this feature when trading volume increases.
We are currently listed on one trusted exchange for URX/BTC pair trading. More exchanges to be added in the coming years.
Let us know your comments or feedback here, and please join our Discord server for further support!
“nature does not hurry, yet everything is accomplished” -Lao Tzu (Laozi)