where to send monero mining

Last Updated on July 4, 2022 by

How to mine on a pool with XMRig – Monero

How to mine on a pool with XMRig – Monero

The pool needs to know your wallet address to be able to send payments there. See the Accepting Monero guide for more information.

Mining Monero

Mining Monero

Monero is a cryptocurrency that relies on proof-of-work mining to achieve distributed consensus. Below you’ll find some information and resources on how to …

Home | Monero – secure, private, untraceable

Home | Monero – secure, private, untraceable

There are multiple ways to acquire some coins to spend, like mining or working in exchange for Monero, but the easiest way is to use an exchange and convert …

Best Monero Mining Platforms for August 2022

Best Monero Mining Platforms for August 2022

The Monero blockchain platform needs users to validate its transactions. That’s the responsibility of miners. They play a pivotal role in …

Monero Mining: A Comprehensive Guide on How To Mine …

Monero Mining: A Comprehensive Guide on How To Mine …

Monero mining remains a popular choice for miners. Learn how to mine monero … Miners need a wallet address to send their mining rewards.

Monero Mining Pools: Top Places to Mine XMR in 2022

Monero Mining Pools: Top Places to Mine XMR in 2022

Before you choose a Monero mining pool to join, make sure you read our … This hard fork sent a strong message to the ASIC mining folks, …

Full Guide on How to Mine Monero in 2022 – BitDegree

Full Guide on How to Mine Monero in 2022 – BitDegree

Monero Mining: What is Monero (XMR). Monero, like Bitcoin, is a digital currency that can be used to send and receive payments.

How to Mine Monero (XMR) On Your PC – Hongkiat

How to Mine Monero (XMR) On Your PC – Hongkiat

Navigate to Wizard > Pools, then click + Add pool. · Select a pool from the drop-down menu, enter your Wallet address, make sure the Coin is …

Everything You Need to Know to Start Mining Monero

Everything You Need to Know to Start Mining Monero

Then, you can send the mined XMR to your crypto exchange account (Binance, Coinbase, Kraken, etc.) to sell it for fiat currency or swap it for a …

Monero Mining Guide – MINEXMR

Monero Mining Guide – MINEXMR

Step 2: Download a miner which you want to use. Monero can currently be mined on CPUs, and on NVIDIA and AMD GPUs. Note that mining on GPUs is currently not …

What is the best way to mine Monero?

Using a GPU is the ideal way to mine Monero. While it requires substantially more investment compared to using a CPU, its hash rate is significantly higher. There are two primary manufacturers of GPUs you should take a look at – AMD and Nvidia.

Which pool is best for Monero mining?

The Best Monero Mining Pools 2022: Everything You Need to Know

  • GPUs.
  • Minergate.
  • MineXMR.
  • Mining Pool.
  • Monero.
  • Nanopool.
  • XMR.

4 days ago

Is it still profitable to mine Monero?

As of January 2021, miners receive 1.26 XMR for every block they add to the blockchain and a new block is mined every 2 minutes. Depending on your CPU/GPU, this can amount to around $0.45 to $1 in profitability, per day per mining system.

How long will it take to mine 1 Monero?

As of Thursday, August 18, 2022, it would take 125.1 days to mine 1 Monero at the current Monero difficulty level along with the mining hashrate and block reward; a Monero mining hashrate of 42,000.00 H/s consuming 450.00 watts of power at $0.10 per kWh, and a block reward of 0.65 XMR.

Is XMR worth mining?

By the time you read this, the XMR price might have skyrocketed, making it profitable for even solo mining. However, at the current XMR price of $211, it likely won't be unless you have exceedingly cheap electricity. In that case, your best bet is to join a Monero mining pool and contribute to a shared effort.

Which CPU is best for Monero?

The best mining processors

  • AMD Ryzen Threadripper 3970X. The absolute best mining CPU. …
  • AMD Ryzen 9 3950X. Another brilliant mining CPU from AMD. …
  • Intel Pentium Gold G-6400. A great CPU for maximising mining profit. …
  • AMD Ryzen 5 3600X. …
  • AMD Ryzen Threadripper 3960X. …
  • Intel Core i9-10900X. …
  • Intel Celeron G5905. …
  • AMD Ryzen 3 3100.

Jan 20, 2022

What is a good Hashrate for Monero?

It's important to be aware of the hash rate of one Monero mining machine. The average hash rate is about 500H/s, with fluctuation from 300H/s to 700H/s. It's a good stable hash rate, plus you save your CPU from getting fried.

Is Monero illegal?

Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable. This characteristic, however, does make it very popular on the darknet and for use with certain activities such as gambling and the sale of drugs.

What GPU is best for Monero?

Best GPU Miner for Monero If you opt for using a GPU for mining Monero, some of the best solutions in the market are: Radeon RX Vega 64 (1700/1100 MHz). This graphics card can mine Monero at 1.225 kH/s. With a VRAM of 8 GB HBM2, this card outperforms most GPUs in the market.

Should I mine Monero GPU or CPU?

Mining Monero on AMD GPUs is by far the most effective method of doing so. is much harder to achieve than a computer with a CPU, it is not as complex. Those of you who … Mining Monero on AMD GPUs is by far the most effective method of doing so. is much harder to achieve than a computer with a CPU, it is not as complex.

Why is Monero not popular?

Although some use Monero for ransomware and other illegal activities, other users just don't want a public record of their cryptocurrency transactions. Monero does have its potential issues. Countries have banned it and exchanges have delisted it.

Is Monero still untraceable?

Monero transactions are confidential and untraceable. Because every transaction is private, Monero cannot be traced. This makes it a true, fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.

How long does it take to mine 1 Monero on a laptop?

The walkthrough will be on a Windows 10 machine, but note that you can also mine on Windows 7 or 8, as well as on Linux and Mac. The whole process of downloading your miner, configuring things, and getting going should take less than 20 minutes.

Can police trace Monero?

The current status of Monero tracing remains in question. Cryptocurrency analytics firm CipherTrace filed two patents in 2020 for Monero tracing technology and released "tracing virtualization" tools last summer for qualified government agencies and financial institutions.

Is mining Monero on a laptop profitable?

Similar to Zcash mining and Ethereum mining, Monero mining (aka XMR mining) is very simple. Even better – you can still mine Monero with CPU, so your Mac or PC can actually earn you coins as well.

Can the IRS track Monero?

If the U.S.'s tax office, the Internal Revenue Service, can't trace Monero transactions, it can't prosecute anyone who flouts the rules. That logic may have been enough to pump the price of the coin. With a market cap of $5.3 billion, Monero is now the 28th largest cryptocurrency by market cap.

What is the easiest crypto to mine?

Monero
Answer: Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.

What is the most profitable crypto miner?

Ethereum (ETH-USD), Verge (XVG-USD) and dogecoin (DOGE-USD) are the top three most profitable cryptocurrencies to mine, according to a recent report by Traders of Crypto. Note the barriers to entry in crypto mining are low so long as the right equipment is being used to set up a mining machine.

Is crypto mining still worth it in 2022?

The price of Bitcoin mining equipment is a major factor in profitability. The prices of top and mid-tier application-specific integrated circuit (ASIC) miners, the specialized chips made for Bitcoin mining, are reportedly down roughly 70% from their all-time highs in 2022 when units sold for around $10,000 to $18,000.

Is mining still profitable 2022?

Bitcoin Mining Companies As the profitability of Bitcoin mining dropped in 2022, top crypto miners' share prices have also fallen. Fortunately, Canaccord Genuity analyst Joseph Vafi says the most efficient Bitcoin miners are still turning a significant profit on their rigs.