Best Computer For Monero XMR Mining

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.

Which is best laptop for mining? Since we have been doing GPU and CPU mining from quite sometime, we can pinpoint on a particular laptop model and tell if it would be.

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%.

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Hey everyone! I am still relatively new to mining XMR but it has been quite profitable so far, but I'm always willing to learn more and be more efficient. So I work at a university and have access to free electricity and a large volume of PCs and Macs. Currently the PCs will get about 150 H/s on Minergate. The iMacs will get ~220 H/s.

I have just gained access to a games lab. Each computer has a XEON and a 980GTX. Minergate is getting ~150 H/s on CPU mining and ~500 Kh/s on GPU. I'm deeply confused about this to be honest. Is the GPU mining translation different to CPU? Clearly there's no way that one GPU is getting 500 kilohashes a second. Anyway, It's come to my attention that Minergate is probably not the best method for mining long term.

I'd love some advice from the Monero community on how to best maximise the resources I have access to. First off, I would make sure that what you're doing is legal. I have the feeling that the university/your employer wouldn't be to happy that you are using up their computers/electricity like that (but I'm no lawyer haha).

Second, as you mentioned I would suggest finding a new miner (perhaps xmr-stak). The actual computational work that CPUs and GPUs are pretty much the same, but GPUs typically get a better hashrate because they are much more powerful. Also, the entire network hashrate is around 120 mH/s, so I doubt that the GPUs in your school's computer lab have that kind of power. The numbers that you are getting are probably just a problem with minergate. Edit: fixed network hashrate number • • • •. You could set up a private pool and mine to it. Open Source MonaCoin MONA Miner here.

If you find a block, you'll get the entire block reward (just under 7 XMR currently). You'll need to figure out what your combined hash rate is in order to know if it's practical to mine to your own pool. Sure, you could get lucky with just 100 H/s, but we're talking realistic expectations here.

The network hash rate is currently 125.5 MH/s. Personally I wouldn't go through all of the effort to set up miners on multiple comps and set up a pool unless I was getting >60015 KH/s (see for estimates). That's just a gut estimate on my part. Others may have a more solid number. The computer which hosts the pool doesn't need to be a big rig.

Back when I mined to my own pool I used a dual-core 1.2 GHz with 2GB RAM and it was plenty. I used pool software. If you want a less risky route, just install miners on the computers and point them all to a pool (preferably not minergate) and you'll get steady payments from it.

As already said, get permission. It's not worth getting fired over. Step one is STOP USING MINERGATE! They are a terrible pool with a terrible attitude towards the community and their software stealing your hash rates has been frequently reported.

Their software is also known to report the GPU numbers way off like that, probably a result of their hash shaving. Pick any other pool at moneropools.com to use instead of theirs. Pick any other mining software to use but theirs.

I think you'll find (when setup properly) will give you the best CPU results Use for the GPUs Make sure that each miner has a unique ID number after the wallet address and you'll get more accurate reporting. Seriously dude, dont mine monero.

Go for a decent coin like superiorcoin. The most that monero will go up is into the thousands, there is no limit to superiorcoin, they literally will be worth multiple millions each, billions even. Plus because its a relatively new coin, you get to mine hundreds of them everyday. Justing think about it.

They will catch you in the end, always do. In the limited time you have, days, weeks, you could mine yourself a few monero coins or literally 100s of thousands of superiorcoins, all going to a million bucks each. You know it makes sense.