Quark Mining in the Atomical Ecosystem: A Beginner's Guide
The ARC20 token Quark is currently a hot topic within the Bitcoin ecosystem.
Named after the fundamental units that constitute physical matter, Quark coins share a similar concept to satoshis, the smallest units of Bitcoin. With its initial high market value, widespread holdership, and robust basic consensus, Quark is likely to become the breakout meme coin in the Atomicals ecosystem.
From a participation perspective, it's worth noting that Quark's total supply stands at 500,000, which will take a considerable amount of time to mine. This circumstance not only offers plenty of opportunities for many people to participate but also helps build consensus.
The mining difficulty of Quark is set at 6, making it marginally easier to mine than Electron and Neutron.
As of writing this guide, the total supply of Quark is 10,000,000,000. Quark is priced at 0,0025 USD per coin, reaching a total market value exceeding 25M USD, and displaying robust 24-hour trading volumes of over 250,000 USD.
Here's a beginner-friendly guide on how to mine Quark:
Wallet Selection and Installation
Unisat wallets or Wizz wallets are your best choices. Currently, Wizz wallets are more commonly recommended for a better recognition of Atomicals assets.
To create a new Wizz wallet, add it as a chrome browser extension from the official Wizz Wallet website, create a new wallet with your password, backup the 12-word mnemonic phrase, and choose the address ending with m/86/0/0/0/0. Transfer Bitcoin into this Wizz wallet address to pay the mining fees.
Accessing Satsx
Enter the Satsx website and connect your wallet. On the Inscribe page, select 'Atomicals' from the menu on the left, choose 'Mint' under the FT tab, and fill in 'quark' in the 'Ticker' box. If you prefer a different address to receive your tokens, check the 'Receive by other address' box and enter the new address.
Previewing and Setting gas: Once the basic information is filled, click 'Preview'. Confirm that 'quark' follows the 'mint_ticker' in the third line of the 'Content' code. Choose suitable transaction fees (gas) based on the current Bitcoin gas fees.
Different gas amounts accelerate transaction speeds. After confirming your information, click on 'Inscribe'. The system will verify the sufficiency of your UTXOs.
Transaction Processing:
Be prepared for a lengthy processing time. Once sufficiency of your UTXOs is confirmed, transaction construction will begin.
Mining
According to feedback from the community, mining one Quark typically takes around 1.5 to 2 hours. However, it could take longer, so patience is key.
Wallet Signing
Once successfully mining Quark, Wizz wallet will prompt a signing box. After completing the signature, you need to wait for the transaction to be processed.
Waiting for Transaction Confirmation
Click on the 'View History' link in your Wizz Wallet and enter the most recent transaction. Once the transaction is confirmed and mempool displays as blue-purple, you've successfully mined one Quark.
With this easy step-by-step guide, even beginners can mine ARC20 token Quark and participate in the Atomical ecosystem. Remember, while mining might require patience, the rewards can be quite substantial.
