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- BEST MINING SOFTWARE FOR MONERO FOR FREE
- BEST MINING SOFTWARE FOR MONERO FULL
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These numbers are constantly changing, though. Right now, the hash rate is high, so the difficulty is high. Mining profitability depends on your equipment’s power consumption, the electricity cost in the place you reside, and how much you decide to invest in your equipment. The short answer is: Unless you have serious equipment at your disposal, probably not right now. You are not, and never will be, completely independent. If you join a reputable mining pool, your cut of the profits is guaranteed. If you mine solo, you’re contributing to the network’s decentralization.Īnd many people do it just to accomplish that like it’s their civic duty.
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If you run a full node, you could get lucky like this person on Reddit, but don’t count on it. In practice, chances are it will take more than a decade for you to get to validate a block. In theory, you could mine Monero solo with the CPU you already own. To monitor your profitability, go to the mining pool’s website, log in, and introduce your Monero wallet address. bat file and let your mining software work for you.
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Nothing’s for free in this world.Īmong the most popular mining pools active today are MineXMR, Nanopool, SupportXMR, c3pool, Minergate, and F2Pool.Ĭhoose wisely. And that reward is split between the mining pool’s participants.īe aware that every Monero miner will have to pay a pool fee. The more blocks you validate, the biggest the reward. Unless you have a warehouse full of mining hardware, you need to join a Monero pool to be able to compete in today’s market.īy joining a mining pool, you’ll contribute the power of your hardware, and the joint forces will increase your team’s chance of success.
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Nowadays, there’s only one version that works for those three options, so it’s easier than ever.īe aware that XMR Stak charges miners 2% of their bounty unless said miner can compile the source code by him or herself. There used to be three versions, one for Nvidia GPU, one for AMD GPU, and one for CPU mining. Always taking into account that the better and most appropriate the equipment, the higher the payout. So, you might as well start with the equipment you got and see how it goes. That’ll certainly give you a higher hash rate, but it requires higher investment, some technical knowledge, and regular maintenance.Īlso, remember that the thing about XMR is that the team behind the project wants everybody to have the possibility of mining.
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The more advanced option is to set up a mining rig with several GPUs. For a graphics card, you can use an Nvidia card or AMD once again. You can use an Intel processor or an AMD one. You can do this in Windows, Linux, and iOS. Step two – Prepare your equipmentĪs we told you, ASIC mining is out of the question when it comes to Monero.Īnd, even though CPU mining is recommended, you can use both a CPU and a GPU without a problem. Whatever you decide, have your public address handy because you’ll need it. On Monero’s website, they recommend Monerujo for Android, MyMonero for iOS, and Edge and Cake wallet for both operative systems. If you insist on using a phone, an online wallet is what you need.īear in mind that this is a hot wallet, and those are considered the least secure ones. On Monero’s website, they recommend GUI wallet and CLI Wallet.
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Those are programs you download and run from your own computer.
![best mining software for monero best mining software for monero](https://d19czvic2hcumt.cloudfront.net/content/2020/07/monero-mining-hardware-comparison.jpg)
If you haven’t invested, the next best choice is a desktop wallet. To receive your hard-earned coins you’ll only need to copy the public address and wait for further instructions.