CPU mining Monero (XMR) || Steem Alliance Community.

bountyking5 (80)modDevelopment Managerin Steem Alliance • last year

Hello Everyone,

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For CPU mining, Monero is the most minable coin now these days. It is intended to encourage CPU and GPU mining to participate in the network. But keep in mind that Monero mining has also become more difficult, and the competition is tougher, so it can be difficult to earn enough rewards nowadays.

we use our central processing unit (CPU) to do calculations and consensus mechanism of the Monero cryptocurrency network in CPU mining of Monero. Monero (XMR) is a privacy-focused cryptocurrency that uses the crypto-night hashing algorithm, which is anti-ASICs and promotes decentralized mining. The profitability of CPU mining has been decreasing over time as the difficulty of the Monero network has increased due to usage of powerful mining hardware such as GPUs and ASICs.

first of all, we need to discuss some important factors for CPU mining

The quality and cooling system of our CPU must be good. Using more processing power causes the CPU to heat up, so a good cooling system is essential. CPU mining consumes electricity, we need to calculate our electricity cost. Sometimes, the rewards from CPU mining exceed the cost of electricity.

A thing that is very necessary to understand is mining pool and individual miner.

Individual miners mine alone and their mining process is under their control. They don't need to mine with anyone else. If we mine himself, we will get the full reward, but this is only possible in such case, if we mine the full block and validate the network.

if we talk about mining pool then in mining pool, Miners combine their computational power in a mining pool. This gives them a better chance to earn rewards for mining blocks. With mining pool, it gives the regular rewards to miner, because the pool computational power is high, and blocks are easy to mine.

If we want to get regular rewards and your computational power is limited, then join a mining pool can be a good option. This gives us a more consistent reward, but the pool fee is another challenge.

CPU mining is not always profitable for individual miners, so it will be more profitable to joining a mining pool. Need a reliable and trustworthy mining pool.

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I am looking into this website to start CPU mining. you can visit this website and get the experience. i have start the mining from one hour with 200 hash rate and get the 0.001$. All is dependent on Hash rate.