Dec 10, 2017 - As stated earlier, although you will not necessarily be playing a strong role in security the network, pool mining is much more profitable than solo mining. You can mine Monero as part of a pool with CPUs, AMD GPUs, and Nvidia GPUs. The first thing you'll want to do is download XMR-Stak. This particular. Monero is a cryptocurrency similar to Bitcoin and in this blogpost we’re going to have a look at how to mine some Monero through a. How To Mine Monero (XMR). Submitted 9 months ago * by xmr_ericXMR Contributor. As many of you know, the new Beta 2 of the Monero GUI includes functionality to solo mine. This is as easy as navigating to the Advanced menu on the left hand side and clicking the Mining tab. From there you can enter the number of threads you want.

This answer will attempt to answer the question at multiple levels, as follows: • Section I explains the basics of how to calculate this yourself. • Section II provides updated calculations based on Section I.

• Section III provides an abstracted way to determine this based only on the total network hashrate and the total number of coins in circulation. Explaining how to determine this on your own: Some basics: • Monero has an average block time of 2 minutes, meaning that there are approximately 720 blocks per day. • Your expected reward is proportional to your share of the network hashrate. The current hashrate is ~23.3 MH/s (), or 23300000 H/s. • Monero's block reward is decreasing slightly every block.

Right now it is a little less than 11 XMR, but I'm going to just use 11.0 in my calculations. • To find out the exact reward at any given time, you could go to a block explorer () and click on the most recent block.

It will tell you the reward for that block. • Disclaimer: The reward changes based on how many transactions are included in a block.

For instance, block 1124279 was empty and had a reward of 00000, while block 1124278 had 4 transactions and a higher reward of 00000. Nonetheless, you can get a rough idea using this method.

Okay, putting it all together, where your share of the hashrate is 'n': daily reward ≈ (720 * Avg Block Reward * n)/(Network Hashrate) Since the question was for a reward of 1 XMR per day, using the numbers above: 1 XMR ≈ (720 * 11.0 * n)/(23300000) and solving for n: n ≈ 23300000 / (720 * 11.0) n ≈ 2942 H/s which is pretty close to @villabacho's answer. Should I Komodo KMD Mine. I just want to get a general idea. Generally speaking, the formula to determine the hashrate needed to mine 1 XMR per day is: n = (Network Hashrate) / (720 * Avg Block Reward) What CPU / GPU would be required to solo mine 1 coin a day? The most energy efficient GPU that I know of for mining XMR is the GTX 750 Ti, which gets approximately 250 H/s for a little more than $100/GPU. 12 of these GPUs would give you 3000 H/s, or a little more than 1 XMR per day at the current mining and reward levels.

20 June 2017 Update to Section 1: • Hashrate: ~87.4 MH/s • Reward: ~7.22 XMR/block (including fees) Using our formula n = (Network Hashrate) / (720 * Avg Block Reward): n = 87400000 / (720 * 7.2) n = 16812 H/s, or 16.81 kH/s to mine 1 XMR per day. You would need approximately 67 GTX 750 Ti's at 250 H/s each, OR approximately 28 RX 470's at 600 H/s each, OR approximately 22 RX 480's at 750 H/s each.

20 June 2017 addition abstracting calculation further: A more general formula can be developed that calculates the Average Block Reward used above from the total coins in circulation. The base block reward is calculated by Reward = (M - A) * 2^(-19) * 10^(-12) where M = 2^64 and A is the current amount of XMR in circulation (in terms of atomic units, where 1 XMR = 10^12 atomic units). We can reduce this for ease of use to be as follows: Reward = (18409551616 - a) * 2^(-19) where a = A * 10^(-12) and represents XMR 'coins' in circulation as we traditionally think of them.

How To Set Up A Bytecoin BCN Miner there. From this formula, it should be clear that the base reward for each block is progressively decreasing. However, we can consider it roughly constant in the short term for our purposes here, as over a 720 block period (one day) the reward drops ~0.01 XMR at today's rate. Therefore, we can substitute this Reward value as an approximation of the Avg Block Reward over a relatively short period with an error of much less than 1%.