Start Mining AI Tokens on Nimble Protocol

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Start Mining AI Tokens on Nimble Protocol

Table of Contents

  1. Introduction
  2. Proof of Gradient Consensus Mechanism
  3. System Requirements
  4. AI Models and Specifications
  5. Setting Up the Virtual Environment
  6. Creating Hot and Cold Wallets
  7. Registering Keys on the Network
  8. Choosing and Running Models on Your Miner
  9. Withdrawing and Staking Tokens
  10. Conclusion

Introduction

In this Nimble Miner setup video, we will walk you through the process of using your mining equipment to earn tokens on the Nimble protocol. The Nimble protocol utilizes a proof of gradient consensus mechanism, where your mining machines will run real machine learning models to generate predictions or receive training, allowing you to earn Network tokens. By the end of this video, you will have your machines up and running models, and earning Nim tokens.

Proof of Gradient Consensus Mechanism

The proof of gradient consensus mechanism is the foundation of the Nimble protocol. With this mechanism, your mining machines will run machine learning models that are part of the protocol. Whenever these models generate a prediction or receive training, your machines will earn Network tokens. This consensus mechanism ensures that the network stays secure and rewards miners for their computational power.

System Requirements

Before you can start mining on the Nimble protocol, it is important to ensure that your system meets the minimum requirements. The system requirements may vary based on the machine learning models you choose to run. Generally, models with more parameters will have higher system requirements. However, even small machines are capable of mining on Nimble. You can find the latest list of AI models and their specifications in the readme file provided.

AI Models and Specifications

The Nimble protocol supports a variety of AI models that miners can run to earn tokens. These models vary in complexity and can be chosen based on your system's capabilities. Whether you have a high-performance machine or a smaller one, there are models that can be run on your mining machine. The readme file provided will give you detailed information about each model and its specific requirements.

Setting Up the Virtual Environment

To get started with mining on Nimble, you need to set up the virtual environment on your mining machine. This ensures that the necessary packages and dependencies are installed correctly. You can do this by cloning the Nimble miners repository on GitHub. Once cloned, you can create and activate a new virtual environment specifically for the miner package. Detailed instructions for this setup process can be found in the repository.

Creating Hot and Cold Wallets

To receive and store the tokens you earn from mining, you will need two wallets: a hot wallet and a cold wallet. The hot wallet is used to directly receive tokens from the network, while the cold wallet is used to store the tokens locally for safekeeping or transfer. The instructions provided in the readme file will guide you through the process of creating both wallets.

Registering Keys on the Network

Once you have created your hot and cold wallets, you need to register your public key with the Nimble network. This step is necessary for the network to recognize your wallets and allow you to begin earning tokens. You can share the public key of your cold and hot wallets in the Nimble Discord's Node Runners Channel. The Nimble team will then register your keys to the network for you.

Choosing and Running Models on Your Miner

With your mining setup and wallets ready, it's time to specify the models you want to run on your miner. Nimble supports a range of AI models that can be chosen based on your system's capabilities. Once you have chosen a model that your system can support, you can start it by running the provided command. Valid validators on the protocol will begin sending either prediction requests or model training requests to your mining machine. When the models generate responses, you will earn tokens.

Withdrawing and Staking Tokens

After mining a few tokens, you may decide to withdraw your earnings for safekeeping or for transfer elsewhere. The Nimble CLI provides a wallet overview command that allows you to check your wallet balance. If you wish to move tokens from your hot wallet to your cold wallet, you can use the stake remove command. This will unstake the tokens from your hot wallet and transfer them to your cold wallet. Make sure you have the necessary hotkey password for this transfer.

Conclusion

Mining on the Nimble protocol allows you to earn tokens by running machine learning models. By following the setup instructions, creating wallets, and registering keys on the network, you can be up and running in no time. With a diverse range of AI models to choose from, you can cater to your system's capabilities and start earning tokens. Remember, the tokens you earn are yours to use as you please. Join the Nimble Discord or visit their Twitter for any questions and happy mining!

Highlights

  • Earn tokens on the Nimble protocol by running machine learning models
  • Proof of gradient consensus mechanism ensures network security and rewards miners
  • Check system requirements and choose AI models based on your mining machine's capabilities
  • Set up the virtual environment and install required packages for smooth mining
  • Create hot and cold wallets for receiving and storing tokens
  • Register your public keys on the network through the Nimble Discord
  • Specify and run chosen AI models on your miner to start earning tokens
  • Withdraw and stake tokens as desired using the Nimble CLI
  • Your earned tokens can be used for safekeeping or transferred to other wallets
  • Reach out to Nimble on Discord or Twitter for any questions

FAQ

Q: Can I mine on Nimble with a small machine? A: Yes, the Nimble protocol supports models of any size, so even small machines are capable of mining on Nimble.

Q: How do I withdraw my earned tokens? A: You can use the wallet overview command in the Nimble CLI to check your wallet balance, and then use the stake remove command to transfer tokens from your hot wallet to your cold wallet.

Q: What if my system can't run the top tier models? A: That's okay! The Nimble protocol supports models of any size, so you can choose models that your system can support.

Q: How do I register my public keys on the network? A: Share the public key of your cold and hot wallets in the Nimble Discord's Node Runners Channel. The Nimble team will register your keys to the network for you.

Q: Can I mine multiple models simultaneously? A: Yes, you can choose and run multiple supported AI models on your miner to earn tokens simultaneously.

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