This article show how to start mining Crankk and show the entire Crankk mining setup process, including were to buy Crankk miners, buy Crankk licence, setup Crankk wallet, stake Crankk and begin mining.
Edit. The Crankk licence is now bought on Kadena chain 19.
Keep in mind that I am not providing any financial or investment advice. In the article are affiliate links that gives me commission without any extra cost for you.
Summery of Crankk mining setup
To setup your Crankk miner you need to do the following. You need a LoRaWAN gateway device, a kadena wallet, create a Crankk account, buy a Crankk licence and stake Crankk tokens. I use the Kadena wallet called Ecko Wallet. On dashboard.crankk.io you create a Crankk account, setup a Crankk wallet and buy a licence that cost $150 in KDA tokens. Then setup your device using Crankk's own guides. Lastly, to start mining Crankk you need to stake $100 worth of Crankk tokens. Buying Crankk tokens and staking you also perform on the Crankk dashboard.
Setup Kadena Wallet
I use the free Kadena web-browser wallet Ecko Wallet. Add that wallet to your browser and create a new wallet & save your private key.
Send over enough KDA funds
To mine Crankk you need a Crankk licence and make a stake of Crankk tokens. The Crankk licence cost $150 worth in Kadena (KDA) tokens. The stake is $100 worth in Crankk (CRKK) tokens. You buy Crankk tokens using KDA tokens on Crankk's own decentralized exchange. You need 1 licence and 1 stake per device you intend on mining Crankk with. If you plan on mining Crankk with two devices you need to buy 2 licences and perform 2 stakes. Send over the KDA tokens to your Ecko wallet.
Create Crankk Account
Go to Crankk's dashboard page and sign in using a gmail. Set a password for your account and then create a primary wallet. Make sure to name it "Primary" or something similar. You can not assign a miner to your primary wallet so do NOT buy a licence with your primary wallet.
Setup Crankk Wallets
Since we can not assign a miner to our primary wallet we need to create a new Crankk wallet in Crankk's dashboard. Click "create a new wallet" and make a new wallet that you call "Gateway 1". You can only assign one miner to one Crankk wallet. So you can only buy 1 licence on one Crankk wallet. If you plan on setting up multiple Crankk miners you need to create one Crankk wallet for each miner. Each Crankk wallet needs to buy it's own licence and later perform it's own stake using Crankk tokens.
Buy Crankk Licence
Inside Crankk's dashboard in the top right corner is a wallet symbol. Click on it and select the "Gateway 1" Crankk wallet. Click "Dashboard" in the top left corner list. Click "Enter". Then you will be taken to where you can buy the Crankk licence. There is also your Crankk wallet address visable. Send KDA to that wallet address to make the licence purchase with. You send KDA from your Ecko wallet and make sure the "Target chain ID" is chain 19, since that is what Crankk operates on. Then buy the licence. You can get the licence $5 cheaper ($145) if you use the Crankk affiliate code: C_NORDIC .
$5 Discount code: C_NORDIC
Convert device to mine Crankk
After buying the licence you can convert your device to mine Crankk. Crankk have a specific guide for each device that you can see here. The guides are either under "Full Gateways" or "Light Gateways". Setup your device until you see your "Device id". Copy your device ID. Go back to Crankk's dashboard. Click "wallets", go into your Crankk wallet you bought a licence with and click "assign" and assign your miner.
Buy Crankk tokens for staking
On Crankk's dashboard you can also go to their internal decentralized exchange (DEX) where you can trade Kadena tokens for Crankk tokens. You need to have KDA tokens on you Crank wallet on chain 0 to be able to trade with them.
Stake Crankk to start mining
When you have setup and assigned a miner to your Crankk wallet and got at least $100 worth of Crankk tokens you now need to stake $100 worth in Crankk tokens to start mining. Each miner needs it's own Crankk wallet and perform its own stake. To stake you go to "Gateways" and click on your miner. At the top of the page click "Proof-of-Trust". Under "Network Participation you can perform the stake by clicking "Participate".
Set location of your miner
In the Crankk dashboard go to "Gateways" and click on your gateway or miner. If you scroll down you will see "Location" on the left side. Go in there and set the location of your miner in the world.
Additional resources
If you want to see My Crankk earnings, see my Crankk Mining Review here. I also post a lot of reviews, setup info on my reddit.