Keenan Charlebois-Boyes
8 min readNov 5, 2021

--

This guide will teach you everything you need to know about the Crypto Yield Miner Contract Dapps.

We will teach you how to start mining with the Multi-Chain Miner series of Dapps and start earning Crypto passively.

What this guide is designed for is to maximize output with minimal input. It’s recommended you begin with at least $1000, but this is not essential. You’ll see in the final chapter how it’s very possible to achieve this level of investment simply by referring your friends.

First we will demonstrate how to get the Multi-Chain Polygon (Matic) Miner setup to produce Matic rewards.

The process is the same for all of the Multi-Chain Miner Contract Dapps

So what is contract mining for Polygon (Matic), or any other crypto, exactly?
In a conventional sense, mining in the crypto world is about using vast amounts of electricity to mint a few pieces of coin.

With Defi Dapps you can mine in a totally different and unique way simply by Yield Mining. Yield Mining is a Smart Contact, in this case, deployed on the Matic Mainnet.

This type of contract has been deployed on the Matic Mainnet for a few months, and has
proven to be a huge success.

Check it out for yourself. The return is 3% daily, which equates to 1095% APR.

Matic Yield Mining
Yield Mining is for users who want long term profits and sustainability. It is not for people who want instant profits that ultimately cause loss for other users.

Yield Mining is not to be confused with Yield Farming. Miners are not bought, they are hired and therefore cannot be sold. Once miners are hired they work for you forever, providing you earnings every-day at a modest average rate of 3% per day.
The algorithm allows every user to profit handsomely, no matter their Mining Strategy. It will not allow any single user to have an unfair advantage over other users. We believe it is truly a beautiful thing.

Yield Mining Returns
The Matic Miner gives users up to 3% daily return, according to the current mining efficiency rate.

The mining efficiency rate rises and falls as you and other users hire miners, compound earnings and pocket Matic rewards.

Yield Mining Instructions
Connect Wallet (Metamask) > Approve Wallet > Deposit > Hire Miners > Miners Find Matic > Compound Some & Withdraw Some > Profit!

"Hire Miners" using Matic. Your miners will start digging, placing the Matic they find into your barrel. You can compound your earnings using the "Hire More Miners" button. This uses the Matic in your barrel to increase your mining production rate. Alternatively, you can withdraw the rewards in your barrel using the "Pocket" button and your miners will begin filling your barrel again.

Miners will continue filling your barrel non-stop for up to 24 hours. After 48 hours your barrel will be full and begin overflowing until you’ve used the rewards in your barrel by either hiring more miners or pocketing it.

You can hire more miners or pocket your Matic at any time but it’s recommended to do so at least once every 24 hours.

Yield Mining Tips!
The best strategy for increasing your earnings is to hire more miners sooner and more often than other users. This in turn rewards you with more Matic at a faster rate. Hiring more miners every day using your earnings will 3x (triple) the number of miners you have within 30 days or less.

Yield Mining Strategies
While the Miner algorithm makes sure that all users receive their fair share of rewards, it also favours its most supportive users through its compounding program. Compounding can easily be done by clicking the "Hire More Miners" button.
Strategies are personal, you either "Hire More Miners" every day, "Pocket Your Rewards" everyday, or you do a healthy combination of both. In our opinion the best strategy is to compound on daily basis. Once you’re happy with your daily, weekly or monthly results, take profits as often as you see fit and simply continue compounding the rest.

Keep in mind that the 3% return is not constant, it will vary slightly based on a combination offactors, including your personal hiring, pocketing, compounding habits and the habits of thecommunity as a whole. Your personal habits hold much more weight in regards to your overall personal returns. Also remember, just as that number can decrease it also increases based on a combination of those same habits.

After hiring any number of miners, you will begin to see returns very close to the advertised 3% daily, this number will rise and fall based on the factors explained above. We will not attempt to share any exact numbers because the maths behind the contract is complicated. You can see the results in the earnings you receive for yourself.

Multi-Chain Miners are complete and 100% automated DeFi. No developer interaction is necessary to continue operating as intended.

Mechanics
Without getting too technical, the way I have structured my strategy is to compound as much as possible in the early days for the first month at least. These projects are designed for long-term growth and are not smash & grab operations.
Frequent compounding ensures rapid growth and allows bigger claims in the coming months.
In an uptrend of the overall market many investors will be claiming their rewards from Mining Operations at ever growing prices.

Ratios
I’m not a financial advisor so I cannot tell you how best to structure your claims versus compounds.
One thing I can say in confidence is that the more you compound now, the more you will ultimately make in the long run.

Why not try a 70% compound and 30% claim each day for the first month if you feel the need to see some return on investment?

Here’s a little calculator to help you have a play and see what’s more suitable for you.

Getting Started
To perform all of the chores below I use a Metamask wallet. It’s fast, it’s secure and more importantly, it allows interaction on every different platform.
If you have Metamask you can skip this step.
If you don’t have a Metamask Wallet, it’s advisable you get one here. You will need to set it up with a seed phrase consisting of twelve words. Keep this safe in several places and never share it with ANYONE. Once you have a Metamask Wallet you need to fund it from either another wallet or from your exchange account.

There are scores of other wallets and exchanges. Many of whom have different methods offunding your Metamask. There are hundreds of videos on Youtube giving step by stepinstructions on how to do this, but the important thing is to first add all of the different networks [blockchains] to your wallet.

When you open your Metamask you will see it’s currently set to the Ethereum network. That’s right, the one that’s going to charge you $50 fees! We will need to add the Polygon (Matic) mainnet.

So with this in mind, let’s head over to Chainlist and get it set up. Click here

Click ‘Connect Wallet’ in the top right corner. In the search box, start typing Matic you should see the chain show up.

Click ‘Add to Metamask’ and confirm if asked to. Now you need to add some Matic to buy miners. You may want to add other networks as well.

Pre Set-Up Notes
Now everything is ready to go, it’s perhaps a decent time to discuss the Miner in a little moredetail.
Many assume that they put in $100 and get 3% a day and that’s it. There’s actually much more to the contract than that.
The cost of these miners and minters increases and decreases over the life of the contract, depending on whether the value locked is increasing or decreasing.
With the cost of new miners rising and falling, so does the value of the miners you have already hired.
Over time, everything should balance itself out but there are little ways to maximize on this knowledge. 
Why is this important?
In a growing contract the miners become progressively more expensive, so time to withdraw some rewards for a profit.
In a shrinking contract the miners become progressively cheaper, so time to compound more or buy more miners to keep value in the contract.
If you don’t care about the state of the contract you may as well save your money and go buy yourself a golden goose and a shotgun!!!

Preservation is key, as is mining effiency.
As a starting point compound 70% and claim 30% if you feel it necessary to claim.

Once familiar with the market conditions and with a decent bank roll you can look to claim 50% and compound 50%.

Your Mine
You are now ready to ‘hire’ you first miners. Do remember that you are not buying these people. They are not for sale and you could be accused of human trafficking. By hiring this ‘work force’ you are in theory entering a non-refundable program. These hardworkers do not take kindly to being laid-off. Once you have them they will work for you for the duration of contract, which, if you play nice could be a very long time!

Firstly, ensure you’re on the Matic network and go to Matic Miner by Clicking Here

Once happy approve your spend in the Matic Miner by entering your desired deposit amount into the spend box. You will then see how many miners you can hire. The more you have of each the more money you make, which is why it’s imperative to reinvest most of your profits hiring more in the early days.

After 24hrs of no further action your barrel will become full. It’s vitally important to either claim or hire more miners to make space in the barrel for more cash! Again, the strategy is completely up to the individual but I can say I’ve doubled my holdings by just compounding alone for the first two weeks in the mine.

Depending on your time schedule you have the ability to compound every 6 hours if you so wish. The gas is reasonably cheap on Matic so it makes no sense to leave the barrel unattended for 24hrs.

TIP
You can calculate the value of your miners with a very simple formula.
Establish how many miners you can hire for 1 Matic by putting 1 in the spend box, divide 1 by the number of miners 1 Matic buys. Multiply by your current miners. To take it one step further, multiply this final number by 0.03. Then you’ll have an approximate idea of how much Matic you’ll earn today.

Find a balance that’s not detrimental to the system and is not detrimental to your time and you can join the thousands of other happy miners around the world and make a decent income.

You can also earn 10% of the money deposited and compounded by anyone you refer to the contract with your unique referral link provided on the site. Some contracts have multi level referrals.

You must deposit to earn referral rewards.

Thank you for taking the time to read this guide in it’s entirety. Onward to riches and wealth!

Links: Metamask | Chainlist | Calculator | Multi-Chain Miners

--

--