Questions tagged [mining]

The process of using a computer to verify transactions on the Monero network. Mining helps keep the network safe, since it is unlikely that one person or group of people can control a large portion of the total mining power. Monero is mined using the RandomX algorithm, and it is mined with both CPUs and GPUs.

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Mining aeon but the balance is still zero

I want to solo-mine Aeon, so I downloaded AEON-0.9.12.0-WIN64.ZIP from https://github.com/aeonix/aeon/releases, registered my wallet using the simplewallet, and synced the blockchain in the Aeon ...
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3 votes
2 answers
1k views

Does mining require a daemon that allows incoming connections (open firewall ports)?

I've noticed that if I don't open the correct ports on my computer and router, and then type status in the daemon, Monero will show 8+0 connections, meaning it has 8 connections where I'm getting ...
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7 votes
2 answers
1k views

Are [solo] mining yield calculations like dice or playing card calculations?

If I want to know how many times I need to roll a die in order to have a given chance of seeing at least one six, I can use the formula: n = (log(1 - s))/(log(1 - p)) where n is the required number ...
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2 votes
5 answers
2k views

Would this be a good hardware setup for Monero mining?

I'm completely new to mining Monero but I want to give it a try and get more knowledge of hardware. So I got a good price for an Asrock D1800M. It is a BGA Celeron and the system should use around 20W ...
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2 votes
1 answer
1k views

Stratum - Connected (unsecure)

I am mining with Claymore CryptoNote GPU Miner v9.7 Beta - POOL Catalyst 15.12. I am getting the message "Stratum - Connected (unsecure)". What does this mean?
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9 votes
1 answer
917 views

How does CryptoNight "depend on all the previous blocks"?

Originally, I thought the CryptoNight puzzle was similar to the SHA2 puzzle, with a more exotic hash function replacing SHA2. In other words, the puzzle was essentially H(prev||nonce) < diff, but ...
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4 votes
1 answer
1k views

Are there any linux drivers for msi graphics cards?

I'm trying to setup my machine to mine. Not real concerned about return, just trying it out and would like to support the network that way. Have an msi n760 graphics card (is it okay to post a link ...
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1 vote
1 answer
616 views

What is the most efficient number of threads to run using a VPS with 32 cores? [duplicate]

Is it 64 or will a reduced number be more efficient?
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3 votes
1 answer
410 views

What are the best parameters for W0lf miner with a R9 380 GPU?

I'm unsure wich parameter I should use to get the best hashrate with mit R9 380 GPUS. "corefreq": 500, "memfreq": 1500, "fanspeed": 65, ...
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3 votes
3 answers
855 views

Calculating the break-even time for new rig

I am trying to decide whether I should starting mining XMR by doing a breakeven analysis. According to this answer, a RX 470 Gigabyte G1 4GB can get 700 H/s. That card is currently $184. If I plug ...
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Do coins mined per day scale linearly with computing power?

In other words, if I double my number of video cards, should I expect twice as many coins mined per unit time? From what I can gather, coins are rewarded in a winner-take-all fashion, so if you have ...
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Why are coinbase transactions locked for 60 blocks?

"Normal" transactions are locked for 10 blocks to prevent invalid outputs from being used in ring signatures. Why are coinbase transactions (mined coins) locked longer? Are there additional risks ...
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How long are mining rewards locked on testnet?

I started a Monero testnet daemon this morning, and started mining to get a few testnet coins. Meanwhile, after mining 13 blocks, my wallet says: Balance: 167.583046443332, unlocked balance: 0....
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3 votes
1 answer
196 views

Reward penalty: how to control the block size?

I understand that there is a penalty for large block sizes and the miner who finds a large block only gets a portion of the nominal reward. But I fail to see how a miner, who just "packs" ...
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6 votes
1 answer
340 views

Has bandwidth usage or data transferred when mining or hosting a full node increased since the introduction of RingCT?

I've recently started hosting a handful of nodes on my home internet connection and mining to a pool from these machines, it seems as though my internet connection has become a lot slower and a lot of ...
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2 votes
1 answer
2k views

Estimated mining profits are overestimated

I mine with 1KH/s for moneropool.com. The estimated mining profit should be about 0.12 XMR/day, but I'm getting much lower profits, only about 0.04 XMR/day. The site says that on average every 40 ...
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1 answer
616 views

Using servers to run nodes and mine [closed]

I have a few spare servers and I would really like to use them as nodes and mines to help support monero. Is this a) useful and b) worthwhile? Best, H
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11 votes
1 answer
15k views

What are the risks/benefits of mining on a pool using SSL/TLS encryption vs mining on pools with non-encrypted connections?

Claymore released the newest version of his miner for XMR, version 9.7, and among one of the features introduced is "- added SSL/TLS encryption support for better security..." I see one incentive to ...
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  • 111
4 votes
2 answers
5k views

Same reward for solo and pool mining in the long term?

As far as I understand, rewards of pool mining are divided between the miners of the pool. So I will get 1 XMR with 1 kH/sec in about 1 week, if I start mining now. If I do solo mining, it will take ...
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  • 311
2 votes
1 answer
18k views

How to set up a mining pool? [duplicate]

What do I need to acquire in order to configure a mining pool? I want to make a "charity pool", where part of the pool fee will be donated to a charity voted upon by the miners. I really want to get ...
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5 votes
1 answer
362 views

As a miner how would I put data in the 'extra' field?

How would I be able to put data in the extra field for say a nonce or whatever?
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