Monero pool mining vs solo mining
When you choose the pool and port on which you want to mine, copy the information into the XMR-Stak command prompt. Example of where to enter your wallet address to check your current mining rewards via the MoneroHash. However, if you prefer web wallets, MyMonero is a very solid product. Beware, however, that web wallets are inherently less secure due to the fact that your private keys are stored on a central server, and could be stolen by a determined hacker.
Using a web wallet is sort of like using a crypto-bank. After that, XMR-Stak will ask you for a password.
The next prompt will ask you if you want to use nicehash. After that, XMR-Stak will ask if you want to use multiple pools. Your miner should have started and you should be well on your way to earning Monero riches! If you find that your miner has crashed, use your file explorer to navigate to the nvidia. Then, reduce the number of threads to a suitable amount for your graphics card.
Reduce the number of threads from 72 to a number more suitable to your graphics card. By default, XMR-Stak will attempt to mine with all available hardware. You can also lower the thread count to a more comfortable level if you find that your GPU is running too hot for your taste. If you have multiple GPUs, you should see configuration information for each individual card. There are, of course, many different options to choose from when it comes to mining software for Monero.
As a matter of fact, you can find a list of recommended miners for Monero here. However, none of which are as easy and seamless to set up as XMR-Stak, as it will run on any hardware without presenting a major challenge to set up and configure. Do you appreciate this guide? Got into cryptocurrencies through the fascinating gateway of mining. Sort of our in-house Monero expert, for all intents and purposes. So I followed the directions, entered it all in and got started using XMR-STAK, but forgot to include the port for the pool, so it keeps returning an error: Pool port number is not specified.
Using the monero gui… which key exactly, should I be using here? You can google your processor to find out. Also note the amount of L3 cache as this will determine how many threads are optimal to use. With your HR I think think Moneropool's starting difficulty of 25, is too high. As far as which pool, in the US try Monerohash. You can run the miner totally independent of anything else related to Monero. I am an idiot with computers and have only used windows. All I remember is downloading the miner and with help, creating a bat file which is used to start it.
The bat file was where I put some like: For 2 cores it would be -t 2. How much you receive when the pool finds a block is proportional to the of hashes you contribute. You can see how it is payed out under "payments" in each pool. I have been mining for 1 week and still 0 coin. But only since yesterday night in pool with wolf miner. Your pending balance will increase whenever the pool finds a block and it matures 60 network blocks later.
You can see the blocks your pools finds and their maturing status under "Pool Blocks" on their website.
How large your pending balance needs to get before receiving a payment you will find under "Payments". Good luck and let me know when you get some pending balance as well your first payment. Hi nioc it seems to be now working. I believe it was a great idea to fund development of open source pool right after launch.
So why not make hashrate distribution even more better now? Everyone gets exactly what they deserve. With a trade-off of variance hit indeed. It increases number of full nodes in network and protects network from attacks. If your hashrate is big enough and you can find a block once per days you are good to go solo, pools will reduce your variance, but if you are stable miner and not going to hop to other coins every 10 minutes you are ok with it as long as you are long term.
Monero price is pretty stable, it remains the most profitable CryptoNote CPU coin to mine and very unlikely you will loose even if your strategy is mine and dump. If mining is just a fun for you there is no reason for pool mining at all. After minutes of installation and switching over your miners to your own private stratum you will eventually find something like this in your wallet:.
There is also some cleanup required because it was my first golang project and already 1 year passed after I wrote it. Now I have way better experience and I am sure there is a place for improvements.
Good post, but for anyone considering solo mining. If you are solo mining with a low hash rate just a few GPUs or CPUs it will be a long wait in between blocks on average. This doesn't mean you shouldn't do it—I have been a Monero solo miner for two years and an enthusiastic supporter of solo mining as better for the network and often better for the miner—but you need to be prepared for these waits and the inherent luck factor.