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Can you make money mining monero

can you make money mining monero

Tammy 2 years ago Reply. Cryptocurrencies have proven to be relative gold mines for early adopters and crypto investors. Take into consideration everything starting from its price and hash rate, and finishing by warranty service life and user reviews. But, there is one last thing before you start mining — set up your Monero wallet. Monero is a privacy-focused coin which currently sits around the top 10 of Cryptocurrencies by marketcap. XMR Stak can be downloaded at this link.

Make money by mining on your phone as you sleep

Monero is a privacy-focused coin which currently sits around the top 10 of Cryptocurrencies by marketcap. This guide will show you what software programs you need, and how to set these programs up so you can mine Monero in just a matter of minutes. XMR Stak has recently come out with an update that allows users to simply download one installer regardless of the hardware that they plan on using. Therefore we will utilize Can you make money mining monero Stak in this guide as it always yields good results and is very user friendly. XMR Stak can be downloaded at this link. Please note that some anti-virus software picks up mining software as malicious files.

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can you make money mining monero
In the highly competitive market of cryptocurrencies, Monero XMR has created a place for itself. Monero has become a favorite among investors and miners because of its powerful performance last year. The growth that Monero experienced last year has brought a lot of attention to XMR mining. Monero mining might seem confusing, and you may have many questions such as: How does it work? What kind of software and hardware do I need? How do I start?

Why Monero?

Monero is a privacy-focused coin which currently sits around the top 10 of Cryptocurrencies by marketcap. This guide mknero show you what software programs you need, and how to set these programs up so you can mine Monero in just a matter of minutes. XMR Stak has recently come out with an update that allows users to simply download one installer regardless of moneh hardware that they plan on using. Therefore we will utilize XMR Stak in this guide as it always yields good results and is very user friendly.

Male Stak can be downloaded at this link. Please note that some anti-virus software picks up mining software as malicious files. The latest version of XMR Stak makes it very easy to setup. We will be assuming users are uou Windows for this, but Linux and MacOS versions are also available.

Simply download konero the link above, unzip to a file location and run the executable. Once you run the oyu, it will ask if you want to mine Monero or Aeon. We will choose Monero. Then it asks for us to enter the pool address. Getting involved in a good mining pool is important as solo mining can yield little to no rewards without an extremely high hashrate.

The pools usually come with a small fee, but justified to get a consistent income. Some of the mining pools we can use for Monero are:. The following image shows the connection details to mineXMR which we will input into the application. For my uses, I will input into the application the server I wish to use with the port number. Please see this Monero guide in order to setup a wallet. Once you have your wallet ID, enter it into the application.

For password in our case we can just hit enter. We do not want to use NiceHash, and we do not want to use multiple pools at this time although it may be beneficial to set up additional pools with automatic switchover just in case one goes.

All these values can be adjusted in the config file later on. You can use the commands at the bottom to view the status mininh your miners. Moneroo do this click on the cpu text document that gets generated. I also use this PC throughout the day, so I want to leave a few cores open for my daily activities. For your setup, you may want to run all the cores although freezing sometimes occurs if you do. If you ever need to make changes or tweaks due to crashing, or changes to your mining pool, additional settings can be found under the config file.

A cryptocurrency miner and investor from Edmonton Alberta Canada. Owner of Blaze Digital Assets. Coinimp is one of the Javascript Monero miners the someone my adopt. The mining script is not detectable by any of the anti-viruses and ad blockers.

Very good guide. Looking for an invitation for mineit. Jamie: You can check your outstanding balance monsro the pools website usually. Beginners Guide? Seriously, this all sounded like yu mash to me as monwy beginner and what is this stuff good for anyway? Is it: — you cannot close the application until you have reached 0. Also note that the mineXMR pool has added a manual payout option for jou. Is there a default time to when a pool reclaims coin or is it pool specific?

Any input appreciated. Kind regards. How to configure CPU threads and what is mmining best configuration i can use. Hi Raga. The importan thing seems can you make money mining monero be the cache memoryin particular you have 25MBmi rule of thumb is using 2. Totally new to cryptocurrency world, but web dev for 11 years.

Using mineXMR. You have to produce results before results can be presented. Just like if moneg add money to your bank account, your bank has to process that exchange before it shows activity at the bank. Same situation here, you are just at the slow teller initially. Just cross your fingers and hope you get to.

Complete noob. I assume I will need an account on the respective platforms e. How about a Monero account? Then the mined currency belongs to me or the platform e. Or is it sold to the platform and we are paid the current rate for it in real currency e. I am mining on Nonero I7 processor on nanopool.

Just looking for ballparks here before I commit to this setup. Great post by the way thanks a million for sharing!! You can go to minexmr. Possible driver issues or wrong vendor driver. Logging in… [ ] : Difficulty changed. Now: Hi I have this QuestionI have this message after start mining dose anyone know what that is? I am coming across monero for the first time. Does it work on iphone becuase sometimes it will pup up on my phone that i should download the app.

Automine coins with highest exchange rate. Hi Thanks for the informative article. One question, once the blocks have started to detect and mined, how soon Monero is transferred to the wallet. I have started a Monero Wallet and downloaded GUI I am lost there was a section that was asking for addresses and Id and paths I was lost so I skipped that, now it says Synchronizing with Daemon…and it will take a mney time. If I knew what to put in the boxes I would have been mining by now? Thank you!

Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts mijing email. Vanilla Rodriguez 2 years ago Reply.

Bruno Rodrigues 2 years ago Reply. Matayo Deus 2 years ago Reply. VeryHigh 2 years ago Reply. ZombieMiner miniing years ago Reply. Harvey Kieth Moneroo 2 years ago Reply. Do I have to minng a fee before I start mining? Joshua Bellerive Post Author 2 years ago Reply. Jamie Deus 2 years ago Reply. Nothing works. Paul mininv years ago Reply. Cakepanda 2 can you make money mining monero ago Reply.

Can anyone help? Lady Lei 2 years ago Reply. Thank you for your answers. Nake thanks for your answer. HashesForTheMasses 2 years ago Reply. Raga 2 years ago Reply. Thomas Andauer 2 years ago Reply. Teun 2 years ago Reply. The Kernel 2 years ago Reply. Scott 2 years ago Reply. Tammy 2 years ago Reply. Mike 2 years ago Reply. Neville Scollop 2 years ago Reply.

How To CPU Mine Monero RandomX on Intel and AMD CPUs — Profitability — BEST CPUs — Best Miners

1. Install MinerGate

The Internet is not a safe place. Since no one knows anything about the previous transactions of a Monero coin, all of them are considered equal and are interchangeable with one. Sign up for our newsletter! But, there is one last thing before you start mining — set up your Monero wallet. Scroll for. Monero, like Bitcoinis a digital currency which can be used to send and receive payments. Why not makke Monero mining rig on your own instead?

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