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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3answers
832 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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1answer
168 views

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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1answer
332 views

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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2answers
797 views

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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1answer
190 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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1answer
337 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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1answer
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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1answer
614 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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1answer
13k 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 ...
4
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2answers
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 ...
2
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1answer
17k 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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1answer
332 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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