What is
The process of obtaining ERG tokens by solving computational problems using hardware and electricity.
The process of obtaining ERG tokens by solving computational problems using hardware and electricity.
Common questions about this topic
Ergo provides tools for financial sovereignty: self-custody with no third parties, censorship-resistant transactions via PoW, optional privacy with Sigma Protocols, and programmable money without permission. Unlike VC-backed chains, Ergo has no central authority that can freeze funds or comply with sanctions. Your keys, your coins, your freedom.
Ergo had no pre-mine, no ICO, no VC allocation. 100% of ERG comes from mining. This means no insiders dumping on you, no VCs controlling governance, no foundation with majority stake. Fair launch creates genuine decentralization - the network belongs to miners and users, not early investors seeking exit liquidity.
Ergo uses Autolykos v2, a memory-hard, ASIC-resistant PoW algorithm. You can mine with consumer GPUs (4GB+ VRAM). Steps: get a wallet, choose mining software (lolMiner, T-Rex, Nanominer), join a pool (Herominers, 2Miners, Nanopool), configure your miner with pool address and wallet. Solo mining is possible but pools provide steadier income.
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.