Clore Coin Description
CLORE, an innovative cryptocurrency, marks a significant milestone in the evolving digital currency landscape. Launched on December 6th, 2022, in the Czech Republic, CLORE brings forth a unique approach to blockchain technology. Distinctive for its lack of premine, Initial Coin Offering (ICO), or masternodes, the coin’s inception was rooted in fairness and transparency, providing every miner an equal opportunity from the very first block.
CLORE utilizes the KawPoW mining algorithm, renowned for its ASIC resistance, which democratizes the mining process and keeps it accessible to a wider range of participants, from individual hobbyists to larger mining operations. The same algorithm is used by Ravencoin (RVN) and Neurai (XNA). The essence of CLORE extends beyond just mining; it represents a distributed supercomputer capable of supporting a variety of tasks including artificial intelligence training, video rendering, and more. Its versatility and scalability make it an attractive option for those seeking to leverage blockchain technology in diverse applications.
Best Wallet for Clore
For storing CLORE, we highly recommend using the official full node wallet, which provides robust security and direct interaction with the CLORE blockchain. This wallet can be downloaded from the official CLORE website. Alternatively, users can also utilize addresses generated on cryptocurrency exchanges. Some of the exchanges supporting CLORE include Gate.io, MEXC, TradeOgre, CoinEx, and XT.COM. These exchange wallets offer convenience and easy access, although they may not provide the same level of control as a full node wallet. Remember, when using exchange wallets, the security of your CLORE tokens is partly dependent on the security measures of the exchange platform.
BTC Wallet for Clore Mining
Mining Clore (CLORE) offers a unique advantage in terms of payout flexibility. Miners have the option to receive their earnings either in Clore (CLORE) or Bitcoin (BTC), catering to their preference. For those opting for BTC, the payout fees are impressively low, less than $0.2, making it an economical choice. Read our post Get Paid in Bitcoin for Altcoin Mining.
This payout flexibility extends to the types of wallets used. Miners can either set up a desktop or mobile wallet or use an address from a crypto exchange. It’s important to note that all types of BTC wallets are supported, including SegWit (e.g., bc1qnkyhslv83yyp0q0suxw0uj3lg9drgqq9c0auzc), Compatibility (e.g., 3GRdnTq18LyNveWa1gQJcgp8qEnzijv5vR), and Legacy (e.g., 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa) addresses. This system not only provides convenience but also caters to a broader range of miners with different preferences and setups.
Clore Capitalization and Mining Profitability
CLORE has been making waves in the cryptocurrency market with its current price of $0.220923 USD and an impressive 24-hour trading volume of $60,544,878 USD. Despite a 14.50% decrease in the last 24 hours, its dynamic market presence is evident. However, as of now, its market capitalization details and the circulating supply information are not available, which is common for newer or emerging cryptocurrencies. This makes it a subject of interest for both investors and miners, particularly those tracking real-time price movements on platforms like CoinMarketCap, where it currently holds the #2202 rank.
For miners, particularly, the profitability of mining Clore is a crucial aspect. Fortunately, calculating the potential returns from mining CLORE is made easy with the 2CryptoCalc mining profitability calculator. This tool allows miners to input their mining rig’s specifications and calculate the estimated earnings. With CLORE being one of the most profitable coins currently, it presents an attractive opportunity for miners looking to maximize their returns, balancing the initial investment in mining hardware and ongoing operational costs.
Clore Mining Settings
Configuring your mining rig for CLORE mining is a seamless process. Here’s how you can set up different mining software:
- For Gminer:
miner.exe --algo kawpow --server clore.2miners.com:2020 --user YOUR_WALLET_ADDRESS.RIG_ID
- For T-Rex Miner:
t-rex.exe -a kawpow -o stratum+tcp://clore.2miners.com:2020 -u YOUR_WALLET_ADDRESS.RIG_ID -p x
- For other software like NBMiner or TeamRedMiner, follow similar formats, ensuring the server address and port are correctly entered.
CLORE mining setting could be always found on the Help page.
Clore SOLO Mining
We recommend SOLO mining if only you could find at least 1-2 blocks a day. You could estimate your chances using 2CryptoCalc.com If you are sure you want to go SOLO use solo-clore.2miners.com:3030 for GPU mining rigs and solo-clore.2miners.com:3131 for Nicehash. All the settings are available on SOLO Help page.
Nicehash Mining for CLORE
Nicehash users can also participate in CLORE mining. Here’s a quick guide on how to set it up:
- Custom pool name: 2Miners CLORE
- Algorithm: KAWPOW
- Stratum hostname or IP: clore.2miners.com
- Port: 2020 for POOL or 3030 for SOLO
- Username: YOUR_WALLET_ADDRESS
- Password: x
Join us at 2Miners.com to start mining Clore (CLORE) and be a part of our growing community. We’re excited to offer this new mining opportunity and are here to support you every step of the way. If you got any questions welcome to our Telegram mining community. For the latest news follow us on Twitter.