How to Mine Monero

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Monero (XMR) is based on the Cryptonote algorithm and it solely relies on Ring Signatures to provide privacy when people are making transactions. It is a Proof of Work (PoW) cryptocurrency, which can be mined with a CPU or GPU and there are no ASIC’s for Monero – at the current date of writing this guide – this means you or anyone can mine Monero with their PC.

You must think first if you will be mining solo (alone) or on a pool. Mining on a pool comes with fee’s and it has it’s own advantages. People or users who don’t have enough computational power, will wait longer periods of time to get reward. In the pool, users will reduce variance and the income is steady.

Users which have a significant hardware power, or just want to solo mine, can benefit from solo pool mining, which actually work like the normal pool mining, and it doesn’t require the user to store the entire blockchain or run a full node.

In this guide we will use MoneroHash, but you can use any pool you want.

The optimal GPU cards are the AMD ones for Monero mining. But you can also use Nvidia GPU or CPU. In order for you to profit more from your specific hardware, we will use different software’s.

Monero CPU Mining

1: Download Wolf’s CryptoNote CPU Miner

Wolf CryptoNote CPU Miner

2: Extract the .zip file

cpu mining

3: Hit CTRL + Right mouse-key and click oon “Open command window here”

cpu mining command prompt

4: Type in the following command: “minerd -a cryptonight -o stratum+tcp://monerohash.com:3333 -u YOUR_WALLET_ADDRESS -p x“. And replace “YOUR_WALLET_ADDRESS” with your Monero (XMR) wallet adress.

cpu mining add command

Your mining Monero right now, congrats!

For the full list of available commands, simply type iin “minerd –help“.

minerd help commands

 

Monero AMD GPU Mining

1: Download Wolf’s CryptoNote AMD GPU Miner

wolf cryptonote amd cpu miner

2: Extract the .zip file

extract gpu mining zip file

3: Open xmr.conf file, and change “url”: “stratum+tcp://xmr.poolto.be:3000” to “stratum+tcp://monerohash.com:3333“. And replace the user with your wallet address.

ope xmr conf file

4: Go inside the miner foolder and hold down SHIFT + Right Mouse-key, and then press “Open command window here“.

command window

5: Next type: “miner xmr.conf

miner xmr.conf

Congrats, you are now mining with your AMD GPU.

Nvidia GPU Monero Mining

1: Download CCMiner forked version by tsiv

ccminer cryptonight miner

2: Extract the .zip file

extract nvidia mining zip file

3: Hold SHIFT + right Mouse-key and press “Open command window here“.

command window

4: Type in the command: “ccminer -o stratum+tcp://monerohash.com:3333 -u YOUR_WALLET_ADDRESS -p x“. You have toreplace “YOUR_WALLET_ADDRESS” with your Monero wallet address.

monero ccminer command

That’s all folks!

That's all folks!

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