How to Mine PKT on Akash Cloud 1 1

How to Mine PKT on Akash Cloud

On Akash Cloud, you can mine PKT coins easily and efficiently. 

The Akash Cloud platform aims to make cloud platforms deployment extremely faster and more affordable than those offered by Google, Amazon, and Microsoft.

Similarly, PKT’s aim is to push aside the ISPs that provide expensive and poor-quality internet services.  

Enough! Let’s talk business 😀giphy 10

 

How to Mine PKT on Akash Cloud Step by Step

Having AKT coins is a prerequisite for installing an Akash server to mine PKTs. If you want to own AKT coins, you must own Keplr and be able to purchase them from an exchange or Osmosis as shown in the steps.

Step 1

Go to Google and type Keplr. It’s a chrome extension like Metmask. We’ll use it to create a decentralized AKT Wallet.

Keplr Chrome

Step 2

Simply click to Add to Chrome.

Add to Chrome

Step 3

Once the extension is downloaded and opened, click “Create a new account.” You’ll get your mnemonic seed and keep a password in a safe place. Without the seed and password, you cannot ever recover your funds. You can use any account name.

Keplr AKT

Step 4

Click “Done” to proceed to the next step.

Keplr All Set

Step 5

Click the Keplr wallet from the extension and don’t forget to change your Cosmos network to Akash.

KEPLR Ready Chrome

Step 6

As you have successfully created Kelpr, it’s time to create an account on AscentEX where you can buy AKT by trading any coin like USDT or BTC.

Ascend EX

You can also use the Osmosis Zone to buy the AKT.

Osmosis

Step 7

In order to send the AKT from your exchange to the Keplr Wallet, you have to copy the Keplr Akash network address into the AKT withdrawal address. Put any amount of AKT that you want to send and hit confirm.

Akash AKT

Note: If you have USDT, you can convert USDT to AKT by going to the standard cash trading.

Buying AKT on the

Step 8:

It’s time to download the Akash application on your operating system. Due to the fact that I am running Windows 11, I have downloaded the Windows version.

Akash Cloud Windows and Mac

Step 9

Don’t worry about it being an unknown publisher. Click the More Info and then click Run Anyway.

Windows protected

Step 10

Now put that seed where Kelpr generated in Step 3 and the password you used to create that wallet. Once done, click IMPORT.

keplr import seed

Step 11

You’ll see a beautiful interface of Akashlytics. Creating a certificate is the first step. It costs just a fraction of AKT. Following the creation of the certificate, you should create the deployment.

Deploy a Akash Cloud

Step 12

You can create a deployment if your wallet balance is greater than 5 AKT, a valid certificate on the blockchain, and a valid local certification.

A local certificate is automatically purchased when you purchase a universal certificate; it does not need to be purchased separately.

Just hit Continue.

Create a new deployment

Step 13

Now select the “Empty” template and hit Continue.

AKT PKT

Step 14

Script AKT for PKT Mining on Akash

Now paste the script given below. Don’t forget to replace your PKT address. If you don’t have it, create a PKT address on Windows, Mac, or Ubuntu.

Moreover, you can play with the CPU units, memorize size, and storage size. Units mean the number of cores, 1Gi is equal to 1GB and 1Mi is similar to 1MB.

Step 15

Here is a screenshot demonstrating the active deployment. PKT coin mining is being done successfully on the Akash cloud.

PKT Mining on Akash Cloud Final Stage

Step 16

Now go to the PKT Explorer and put your AKT address. It will show your hourly PKT mining rewards along with the bandwidth and encryption stats.

PKT Explorer for checking Mining Balance

Pro Tip: You can close a deployment, and your AKT will be refunded instantly. 🙂

Close a Akash Deployment

What Is the PKT Coin Profitability on Akash Cloud

Credit: @Dutch_CryptoManiac

The processor (CPU) plays the key computing power here, let’s consider 3 options. These are rent of 1CPU, 5CPU and 10CPU.
Price 1AKT = 3 $ (of 08/26/2021). Price 1PKT = $ 0.025 (of 08/26/2021).

The cost of rent power for mining per month:

  • 1CPU=2.603 АКТ or 7.809 $
  • 5CPU=9,11 АКТ or 27.33 $
  • 10CPU=17.787 АКТ or 53.361 $

In 24 hours we received:
1CPU =7.9 PKT ( 237 PKT per month) , 5CPU = 52 PKT (1560 PKT per month), 10CPU = 92 PKT(2760 PKT per month).

Cost of mining 1PKT:

  • 1CPU=0.0325375$
  • 5CPU=0.0177138$
  • 10CPU=0.019863$

Total income-expense for a month at a price 1AKT=3$ and 1PKT = 0,025$:

  • 1CPU (237*0,025)-7,809=-1,884 (ROI-334% in year , loss 27.83 % per month, profit margin -31.8% per month)
  • 5CPU (1560*0,025)-27,33=11,67 $ (ROI 406% in year , profit 33.83% per month, profit margin 29.92% per month)
  • 10CPU (2760*0,025)-53,361=15,639$ (ROI 299% in year, profit 24.92% per month, profit margin 22.67% per month)

Thus, the most profitable thing at the moment is to use the power in 5CPU.

Moreover, it’s the table that can help you to find the best settings:

CPUsMemHDDCopiesThreadsAkash Price (uakt / block)PKT / hourPKT / day 1AKT / monthPKT / day 2PKT / monthCost of PKT(USD / PKT)Profit Margin
1011110536.814321.113941800.0140.5365
1011110536.714221.114041950.0140.5381
1011110536.614021.113941580.01410.5341
101111053612821.112738130.01540.4919
1111180.7153.2154420.020.3387
21112131.1245.2237030.02040.3237
1111180.6153.2144220.02090.3074
10.50.51010626.7-24.710832290.02120.298
10.511010636.1-25.19829270.02380.2133
110.51010726.6-28.710431300.02540.1592

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