How to Mine Monero: a Step-by-Step Instruction

How to Mine Monero: a Step-by-Step Instruction

Monero is a cryptocurrency that’s based on a Cryptonote algorithm. In order to guarantee that all the information provided when a transaction is carried out, the process involves Ring Signatures. If you plan to earn Monero, you need to know that this cryptocurrency implies Proof of Work. The results of the investigation carried out by us prove that this cryptocurrency can be mined either with CPU or GPU. Since there are no ASICs for Monero, everyone who has a PC or a laptop can start the process of earning Monero (that’s often called XMR in trading).

Before you start mining, there is a very important decision for you to make. In particular, you’re to decide whether you’re up to mining alone or you prefer mining when being connected to a pool. Even though the process of mining with a team (when you’re connected to a pool) implies a fee that a miner is required to pay, it seems to be more beneficial than the process of solo mining. The crux of the matter is that those who decide to mine alone have to bear all the risks. Moreover, these miners may lack computational power. Consequently, they’ll wait for long before they get their first reward. As for pool mining, this process allows to reduce variance and get a steady income on a more or less regular basis. Actually, if you are the one who enjoys the process of mining alone, you may try mining when being connected to solo pools. The difference between these pools and standard solo mining process is that you won’t have to download and store on your Hard Drive all the blockchain. Today, we are going to tell you how to mine Monero when using MoneroHash. You are free to choose any other pool if you want.

If you don’t know what pool to choose you may find an article on our website devoted to the topic of how to choose and connect to a pool. Besides, we encourage you to check the feedbacks of other users concerning a pool prior to deciding whether you should connect to it.

As a rule, AMD GPUs are considered to be ideal for Monero mining. At the same time, you can successfully mine this cryptocurrency using either an Nvidia GPU or CPU. In order to guarantee that you’ll get the most out of using your hardware, we came to the conclusion that it’ll be better for us to show you how to start the processes of mining using CPU and GPU with different software.

The process of mining with CPU

The 1st step: You’re to download the software. We recommend you using the Wolf’s CryptoNote CPU miner. We believe it allows miners who use CPU to get the best results possible.

The 2nd step: Extract the files from the ZIP archive. Once the process is over, you’ll see the folder that looks exactly like the one you can see on the picture below.

The 3rd step: Now, your task is to open the folder. After it press CTRL+Right Mousekey together. Now you see the option “open command window here”. Click on it and you’ll open a command line window.

The 4th step: Type in the following command: “minerd -a cryptonight -o stratum+tcp://monerohash.com:3333 -u YOUR_WALLET_ADDRESS -p x”. Don’t forget to replace the phrase “YOUR WALLET ADDRESS” with the address of the wallet you registered for storing XMR.

That’s it! You’ve started the process of mining XMR. If you want to see all the commands available, you need to type: “minerd –help”.

The process of mining with an AMD GPU

The 1st step: You’re to download the software. We recommend you using the Wolf’s CryptoNote AMD GPU miner. We believe it allows miners who use an AMD GPU to get the best results possible.

The 2nd step: Extract the files from the ZIP archive. Once the process is over, you’ll see the folder that looks exactly like the one you can see on the picture below.

The 3rd step: Now, your task is to configure the xmr.conf file. It’s quite easy to do. You need to open the file mentioned with the help of the notepad and change the following “url”: “stratum+tcp://xmr.poolto.be:3000” to the address of your pool. In our case, we typed in the following: “stratum+tcp://monerohash.com:3333”. Do not forget to the “user” with the address of your wallet.

The 4th step: Now, your need to open the folder that you extracted from the ZIP archive with the software and press CTRL+Right Mousekey together. (If you have a PC with Windows 10 operation system, you need to press SHIFT+ Right Mousekey together) Now you see the option “open command window here”. Click on it and you’ll open a command line window.

The 5th step: You need to make the program find the cmr.conf file (just type in the following command: “miner xmr.conf”).

That’s it! You’ve successfully started the process of mining with your AMD GPU. If the “clCreateBuffer” error occurs, don’t worry. It means that you need to decrease your raw intensity specified in the xmr.conf file. Type in the following: “rawintensity”: 1336.

The process of mining with an Nvidia GPU

The 1st step: You’re to download the software. We recommend you using the CCMiner. In particular, we recommend you finding and downloading the version forked by tsiv. We believe it allows miners who use an Nvidia GPU to get the best results possible.

The 2nd step: Extract the files from the ZIP archive. Once the process is over, you’ll see the folder that looks exactly like the one you can see on the picture below.

The 3rd step: Now, your need to open the folder that you extracted from the ZIP archive with the software and press CTRL+Right Mousekey together. (If you have a PC with Windows 10 operation system, you need to press SHIFT+ Right Mousekey together) Now you see the option “open command window here”. Click on it and you’ll open a command line window.

The 4th step: Type in the following command: “ccminer -o stratum+tcp://monerohash.com:3333 -u YOUR_WALLET_ADDRESS -p x”. Don’t forget to replace the phrase “YOUR WALLET ADDRESS” with the address of the wallet you registered for storing XMR.

That’s it! You’ve successfully started the process of mining XMR with an Nvidia GPU.

The process of mining with any hardware

Now, we want to show you how to start mining XMR with the help of MinerGate. This program is very simple!

The 1st step: You need to register an account on the official website of the MinerGate. Minergate is great due to a number of reasons. One of them is that it has its own wallet. For you it means that you can start mining immediately even if you don’t have any wallet. We encourage you to create a strong password for your MinerGate wallet and activate the 2-factor authentication (this way a third party won’t get access to your funds even under the condition that he/she knows your password).

The 2nd step: Download and install the MinerGate software. Once again, everything is easy here because the website automatically detects your operation system and offers you the best version to download.

The 3rd step: Start the program. You’ll be offered an opportunity to start mining immediately. In fact, this program chooses the most beneficial cryptocurrency for you automatically. It takes into consideration your hardware, difficulty and market price. In the majority of cases, miners are offered to start mining Monero. All you need to do is click on the button “Start smart mining”.

You are free to choose how many cores you want to use as well as the cryptocurrency you want to mine. If it so happens that you’re automatically offered to mine a different cryptocurrency (not XMR), you can change that. (Have a look at the picture below).

That’s all for today! We hope the information provided in the article will be useful for you. Good luck!

How to mine Monero: a step-by-step instruction

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