How to mine Monero [XMR Coin] [ CPU and GPU mineable coin]

in #crypto6 years ago

What is MONERO?
Private Digital Currency
Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes.

Why Monero is different?

Monero is secure
Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.

Monero is private
Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions.

Monero is untraceable
Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.

Monero is fungible
Monero is fungible because it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.

Step 1
Download the Monero Windows Miner We'll use XMR-STAK for both easy CPU and GPU mining.

Windows Binaries : https://github.com/fireice-uk/xmr-stak/releases

Step 2
Download your wallet.
https://getmonero.org/downloads/
monero-wallet-gui-onion-4.png
Feel free to use this open monero remote node in your wallet: node.monero.hashvault.pro:18081

Step 3
Write down your restore seed + password and take note of your wallets address you'll need it later.

Step 4
Pick your mining pool.
we'll use: https://monero.hashvault.pro/ currently has about 1% of network's hash rate. You can pick a higher hash pool if you like.
More info about server ports and which one you should pick can be found here:
https://monero.hashvault.pro/en/#!/ports
select the port that matches your hardware.

Step 5
Now that you have your miner software , your wallets address and you have picked your mining pool & port. Lets put it all together and setup your miner.

Unzip XMR-STAK and then run as admin (right click select run as admin) xmr-stak.exe.

XMR-STAK will ask if monero or aeon
Type monero and hit enter

Next it will ask you for your Pool URL input:
pool.monero.hashvault.pro:3333(or whatever port for your hardware) and hit enter

Next it will ask you for you Wallet address:
Input your wallet address and hit enter double check it!!

it will ask you for a password some pools allow worker ID's you can put one here:
example: MYRIG and hit enter

everything else it ask just type "N" for no and hit enter.

Step 6
Your miner should configure itself and start running.
You can check your mining stats by inputting your wallets address on the main page of your pool :
https://monero.hashvault.pro/en/#!/dashboard
You can also estimate mining rewards based on your hash.

Pool Fee : 0.9%
Pools Minimum payout
0.1 XMR
Default minimum payout (wallet)
0.1 XMR
Default minimum payout (payment id)
1 XMR

Be sure to give me a follow. I will be doing more mining guides soon thank you .
donations (Monero) address
47bdtvbXDR6CYAXekyKVpcJhcNPHjcXk8J1jHX8XnA1oEJkMm7bdvfyGdvkRouaBEmTzfFUuuwHmUJAPLEd76iRJH9cPAUo

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