Simple instructions for mining Monero via RandomX algorithm! English version!

in #mining5 years ago

Hi, for Patreons I am preparing an article for mobile mining, which is more profitable than CPU / GPU / ASIC mining. Before publish it (i writing second part, the first is out), and look for simple instructions for mining Monero, which after a hard look again became an interesting profit. The RandomX algorithm helped us.

If you are fans of Monero coin, you can use one of the following instructions that are ready for you. It is likely that you had a special GPU or more available. It is a guide that is validated and tested, but in no way can I be liable for possible problems that cannot be solved. Let's go!

What is RandomX?
Monero passed 30.11.2019 expected updated network (hard-fork) and successful cryptonight mining algorithms was changed to RandomX technology. What is it about? RandomX provides random code execution to be resistant to ASIC technologies. Looking for the chances of the team falls to the owners of CPU / GPU, who with a little luck can benefit more than expected mining.

Step 1: Wallet

Before mining you can make sure you have a wallet. The best place to install is the main page https://web.getmonero.org/downloads/. Ideal is this official wallet, but it is possible to get a wallet Coinomi or other. Please dont use the exchange wallet adress. Your Monero can´t come to this adress:)

If you haven't found an official wallet, listen until you download blockchain to your pc. This can take many hours.

Step 2: Extraction Software

In this case it is possible to use heavy applications with the introduction of XMRIG.
https://github.com/xmrig/xmrig
Click the link to go to the "Download" section and go to the "Edition" tab. This document lists previous versions. If you have Nvidia card, look to the extension "cuda10_1". Continue to download the zip file and unzip it to a safe folder. Please note that when you unpack the folder, you cannot see your executable set that could jeopardize Antivirus as being damaged. You may quarantine and mark as appropriate:

Step 3: Pools

Okay, we have wallet and miner. We need set the mining pool. This two not require registration:

2Miners - https://xmr.2miners.com/en
Fee = 1.0%
Min. Payout = 0.1 XMR

MineXMR - https://minexmr.com/#getting_started
Fee = 1.0%
Min. Payout = 0.004 XMR (minus 0.0004, otherwise 0.005 XMR)
I set up MineXMR.

Step 4: Mining

Once you have received the (sharing) address on the wall and copied it to the clipboard (CTRL + C), go to https://xmrig.com/wizard#start. This is a good wizard that allows you to perform the necessary information in a configuration that allows you to easily:

1 - Click New Configuration
2 - Choose your pool and choose what you send wallets (from the clipboard)
3 - I chose the CPU, but you have a choice of GPU (CUDA for Nvidia, OpenCL for AMD cards)
4 - Choose a donation level (min. 1%, this is an extra to the 1% common fee that is paid to the developers of the miner)
5 - The file is complete, click the download button and save it to the XMRIG application folder

After you have placed the configured file, you can click the XMRIG executable file and the confirmation window should open. After start, you muss wait for connecting to the pools and after one minute your mining start!

Congratulations, you mining XMR! :)

Your mining stats can see after paste your wallet adress to field on this site: https://minexmr.com/#worker_stats

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