How to Mine Monero on Your PC. And you can mine with a CPU, GPU, or both (dual-mining). A Beginner’s Guide to XMR Mining'. Jan 27, 2018 - Monero mining is based on a proof-of-work algorithm called CryptoNight. This algorithm was especially designed to be as inmuned to ASIC miners as possible; therefore, it is feasible to mine Monero using consumer CPU and GPU hardware. This is one of the big advantages of Monero over Bitcoin;.

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. 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. 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%.

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. Wolf's has windows binaries For ccminer you use a URL of the form 'daemon+tcp://:/json_rpc' For Wolf's you use 'daemon+tcp://:' For Wolf's miner, if your daemon RPC is bound to an IP address of e.g. 192.168.1.177 minerd -o daemon+tcp://192.168.1.177:18081 -u -p x Similarly, if you can get the nvidia one compiled somehow, it's ccminer -o daemon+tcp://192.168.1.177:18081/json_rpc -u -p x.

Solo mining is fairly trivial. BridgeCoin BCO Mining Without Pool. Note that you have to be fully synced in order to do so. If you are starting from scratch, download the official binaries from. Subsequently, extract them to a given folder and start monerod. This is the daemon which will now start syncing. To check your blockheight type status into monerod. The blockheight should be equal to the blockheight reported on in order to be fully synced.

Now that you are fully synced, you can start solo mining. To do so you have to type start_mining [] into the daemon. Thus, if you want to solo mine to, for instance, the of the with 2 threads the command would be as follows: start_mining 44AFFq5kSiGBoZ4NMDwYtN18obc8AemS33DBLWs3H7otXft3XjrpDtQGv7SqSsaBYBb98uNbr2VBBEt7f2wfn3RVGQBEP3A 2 Note that the optimal number of threads is one per 2 MB of CPU cache. Thus, if you have 4 MB of CPU cache available the optimal number of threads would be 2. There is also an alternative method, which is to enter the start_mining command into monero-wallet-cli. You won't have to specify an address then, because it will use the address of the wallet that is opened at that moment.

However, you will be able to specify the number of thredas.