13 votes
Accepted

Hash rate required to effectively mine an average of 1 block a day?

Currently the network hashrate is approximately 22.9 MH/s. There are about 30 blocks per hour and 720 blocks per day. On average to find one block per day you would need 1/720 of the current network ...
  • 500
12 votes
Accepted

Solo GPU mining

You can solo mine without using a private pool. Hyc modified ccminer and wolf's AMD miner to be able to do solo mining. Unfortunately, no binaries have been made for windows for nvidia version. ...
  • 5,656
11 votes
Accepted

How to solo-mine Aeon?

If you don't want to have the target Aeon wallet open all the time (for security reasons, or you prefer to start mining at system startup non-interactively), you can also start solo CPU mining using ...
  • 4,499
10 votes

Does mining use a lot of bandwidth?

Solo mining requires running a full node, pool mining does not. Also, when solo mining, it will usually take much longer to find a block when compared to a pool. Pools do charge a fee, normally 1-2% ...
10 votes
Accepted

How decentralized is Monero mining?

There are at least 13 pools but likely more due to private and unkown pools Not yet, but there has been some interest in the idea It does not exist for Monero but it would be a nice little project ...
  • 1,428
8 votes

What are the chances of discovering a block solo mining with my current hashrate?

tl;dr Solo mining is a lottery unless you have a few dozen GPUs Explanation Target block time in Monero is 2 minutes, based on that and your share in the network hashrate you can calculate how ...
  • 181
7 votes

How to solo-mine Aeon?

Sync your daemon. Open the wallet and type: start_mining walletid threads Replace walletid with your public wallet ID, and replace threads with the number of threads you are willing to dedicate to ...
  • 4,383
6 votes

Hardware and Monero Mining

The "24-Core" supported by the motherboard you linked to is per-CPU, (e.g., E7-8890 v4 has 24 cores), so per quad-socket motherboard that would be 96 cores. However, these CPUs cost >$7K each yet you ...
  • 281
6 votes
Accepted

Is it possible to solo-mine on a non-public node?

Those outgoing connections are also 2-way. All connections are 2-way. Having an incoming means that your node can listen for others that want to connect. With no incoming, your node can still connect ...
  • 5,656
5 votes
Accepted

What is the best way to help the Monero network?

There are many ways to help the Monero both directly and indirectly. Run a full node to directly support the network Donate to the Monero Forum Funding System Join a Monero workgroup for mining, ...
5 votes

Question about mining to a remote online wallet

Yes, the start_mining <addr> command will send your mined Monero directly to the address you specify. Most people that run their own full node will mine to a local wallet, but mining to a web ...
  • 6,533
5 votes

Solo GPU mining

For mining Monero (XMR) on GPU in solo mode there is an another way. We can setup Monero Stratum pool (MoneroProxy) from here - https://github.com/sammy007/monero-stratum , and use any miners (such as ...
4 votes

Solo GPU mining

Solo mining is fairly trivial. Note that you have to be fully synced in order to do so. If you are starting from scratch, download the official binaries from here. Subsequently, extract them to a ...
  • 14.9k
4 votes

How do I know if I am mining in a pool?

You are mining in a pool when you are running a pool miner. If you mine directly from the daemon or wallet, you are solo mining, not pool mining. Solo mining, which is your case, means you will take ...
  • 34.6k
3 votes
Accepted

Is it better to mine Monero on solo mining or joining a mining pool?

It's for sure the best thing to join a pool - unless you have a really high hash-power. If you own a data center you can go on and solo mine but in nearly any other case, it's more profitable to use a ...
  • 812
3 votes
Accepted

How are Monero blocks found and confirmed? (solo mining)

It's pretty similar to Bitcoin: First, a block template is created. This is a block skeleton, which looks like a block but is not actually valid due to not having a PoW hash which matches the current ...
  • 34.6k
3 votes

Solo mining Monero without downloading blockchain

No, definetley not worth the time required to set them up for solo mining, if that's even possible. If it is possible, you'll probably never win a block. As for pool mining, I guess it depends on the ...
  • 251
3 votes
Accepted

Where is the line for solo mining?

It's up to personal preference, really. On average, block reward is generally evenly distributed according to hashing power. If you're okay with mining for months at a time without receiving a ...
3 votes

Help to Setup a Monero mining farm $4000 Budget

With that budget I'd probably build a rig around the following components: AsRock H110 Pro BTC+ (~140€) 6xMSI GTX 1060 GAMING X6G (~360€ each = 2160€ total) One GTX 1060 overclocked using the ...
3 votes

What are the chances of discovering a block solo mining with my current hashrate?

You can easily calculate. Divide the network hashrate with your hashrate and multiply by average block time. The result ought to give you a rough estimate of time between 2 blocks. With 4kH/s that ...
  • 19.8k
3 votes

If I'm solo mining from the GUI, am I still helping the Monero network even if I don't ever "win" any blocks?

It depends on what you call "helping" here. It will become apparent with an analogy: Imagine Alice lost her wedding ring on the beach. She's distraught, and isn't sure where she lost it ...
  • 34.6k
2 votes
Accepted

Which is more profitable if I have big hashrate?

You'll get a little more with solo mining as you won't have to pay the pool fee, but your income will be much less regular because of the higher variance.
  • 3,314
2 votes

Is it possible to solo-mine on a non-public node?

Another way to look at it is that a node isn't a factor (as long as the node is up to date). When you mine, you're already requesting that if the work you perform mines a block, the block reward goes ...
2 votes

How to run a local daemon with GUI?

If you get this error, then you probably altered the default daemon settings to point to a different daemon. If you did not, then this appears to be a bug. If you did, then you need to undo those ...
  • 34.6k
2 votes

What is the best way to help the Monero network?

Running a full node with both in and outbound connections on the p2p ports.
  • 17.6k
2 votes

Solomining if not fully synced yet?

You have to be fully synced in order to solo mine. More specifically, you mine on top of the last (consensus) block, which is only possible if you are fully synced or, in other words, in sync with the ...
  • 14.9k
2 votes

Where is the line for solo mining?

There is a solo mining calculator here: https://www.monero.how/monero-mining-calculator This will give you an understanding of the probability of successfully mining a solo block on a daily/weekly/...
  • 8,398
2 votes
Accepted

How can one solo-mine Monero using their laptop?

You can solo-mine with either the command line daemon or wallet (monerod/monero-wallet-cli with the start_mining command) or using the GUI (instructions). The same applies to whichever operating ...
  • 17.6k
2 votes
Accepted

If I'm solo mining from the GUI, am I still helping the Monero network even if I don't ever "win" any blocks?

I average only about 300 H/s and that's only about 1 in 10,000 chances of getting a block for a reward. 300 H/s is significantly worse than "1 in 10,000". Network hashrate at time of ...
  • 17.6k

Only top scored, non community-wiki answers of a minimum length are eligible