How To Mine Monero XMR Profitably

Monero [XMR] is a brand new. Click and study all existing monero mining pools,then choose one of them and start getting Monero immediately! Monero XMR Exchanges. How much of an advantage does gpu have over cpu when mining monero? I have mined profitably on my own. Bought XMR instead of mining.

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• For price/valuation talk, please use. Monero Communities Other Communities • • • • • • •. How much of an advantage does gpu have over cpu when mining monero? Is it profitable at all to mine with cpu? Edit: Thanks for the responses.

To be profitable I would consider it needing to earn enough to cover electrical costs and to cover the cost of the cpu within a year of mining. I know that's not extremely specific but I wanted to know the general answer of whether cpu mining monero is worth it or only bother with gpu mining it and save your cpu for other coins and it seems like the answer is that it's not worth it although there's been a few mixed responses. The earnings are low (per computer, etc.), but that is a very different question from whether or not it is profitable. OP's question: Is it profitable at all to mine with cpu? Which I have answered. A GPU mining rig consumes around 1kw of electricity and the hw costs are high to scale it up for the average person.

Overall, it doesn't worth the inconvenience to mine for most people. If the network will be successful, you're much better of buying XMR directly compared to mining.

I have mined profitably on my own computers for most of Monero's history. Your experience most likely differs from the current noobs who want to get into mining now. The recent media exposure already caused the network going from around 20mh/s to 30+ and this trend won't stop if xmr continues to grow.

Also, I wonder how did you calculate your profitability. OP's question: Is it profitable at all to mine with cpu?

Which I have answered. Yes, and did so incorrectly)) (the correct answer, BTW, depends on the particular CPU, rest of configuration, electricity costs, and other probably less significant factors) it doesn't worth the inconvenience to mine for most people. Again, that is not the same as profitability Your experience most probably differs from the current noobs who want to get into mining now. I agree that skillful and experienced miners will likely do better than beginners.

Then again, that is no reason to not want to learn. The recent media exposure already caused the network going from around 20mh/s to 30+ The price has increased a lot more than that. Meaning mining has become more profitable, not less. This is simple math. I wonder how did you calculate your profitability. I add expected mining returns (block reward times hash rate divided by network hash rate) and subtract costs. I'm not really precise on things like the rate of orphan blocks, but it doesn't matter because it isn't that close.

(the correct answer, BTW, depends on the particular CPU, rest of configuration, electricity costs, and other probably less significant factors) Most people have 1 or 2 PCs or laptops, no matter how much electricity they pay or what model they have, it doesn't make sense to stress the hardware for little or no gain. Time is also invested in mining, techies often ignore it. The price has increased a lot more than that. Meaning mining has become more profitable, not less. This is simple math. Crypto currency markets are highly volatile, especially in the bootstrapping phase, and no current valuation should be taken for granted.

As mining does not make sense on the existing hardware what most people have, investing in better hardware is appealing for even less% of the userbase. It's a highly risky and time consuming endeavor. Besides the required above average tech skills, it also requires a huge amount of risk tolerance and significant upfront expenses too.

I find it morally questionable to recommend it to noobs, or creating a false picture of this activity. I add expected mining returns (block reward times hash rate divided by network hash rate) and subtract costs.

I'm not really precise on things like the rate of orphan blocks, but it doesn't matter because it isn't that close. I would be more interested in the time frame you have mined the coins and the expense and hw involved, not your future expectations. The least we can do for them is give them accurate, objective, and helpful answers, instead of giving them bad information and trying to impose your conclusions and values. Funny, because I consider your narrative dishonest and mostly 'bad information'. Yes, mining can be profitable if you are a wealthy tech oriented person who optimally have access to free electricity (and/or hardware) aaand have a high risk tolerance (starting mining before the sheep joins is also a huge bonus).:D Otherwise it doesn't make sense at all, outside of trying it for a few minutes with your lame laptop CPU for 'fun'.:) (Even then, if this hypothetical uber geek would have bought XMR instead of mining, he could have profited more if the price appreciated) • • • • •.

I don't have free electricity. I personally use multiple computers, but still, just using one computer is absolutely profitable (and is more profitable now than before). I spend very little time on it.

For example, 0.9.4 has required no attention at all since the upgrade/fork six months ago. Even when the power has gone out once or twice, I have it scripted so the node restarts. No issues with it. Good efficient mining means optimizing and automating everything you can (or at least deciding when it makes sense to do this; some short-term, quick-hit type opportunities don't justify it the way mining Monero for years has). Mining over the long term (years) means that sheep coming and going doesn't really matter.

Sometimes it is more profitable, sometimes less. Usually (almost always) in the case of Monero, it has been. If you make bad decisions because you are inexperienced or just jumping on hype without analyzing costs carefully, then you aren't a good miner. (Not you personally of course.) I can't help you in that case except to give better information and help you learn. That's good information in the sense that it is entirely accurate and objective. Buying and mining are completely independent.

Just because you mine doesn't mean you can't buy, and vice versa What it comes down to is that mining, in the broad sense, is a competitive activity and some people will be better at it that others. I've done very well with it, consistently, over five years and many different coins (not all were winners, of course, but part of doing it right is limiting losses too). YMMV, but just because someone isn't yet an experienced successful miner, doesn't mean they can't become one. I welcome anyone and offer help if questions are asked. I started as a noob once too. L, just using one computer is absolutely profitable Might be our definition of profitable is different. It doesn't worth to bother with mining for pocket change.

It's technically profitable (and highly uncertain), but in reality it's just a huge waste of time. You as an enthusiast have ideological motivation mainly, and maybe this niche perspective makes you blind to apparent facts.

Mining over the long term (years) means that sheep coming and going doesn't really matter. Long term plans have the assumption that the network will be successful or at least exists.

As the userbase grows, you'll need to keep up with hardware to maintain your share or base the whole thing on price appreciation. Either way, financially it doesn't make sense to mine for the average user.

That's good information in the sense that it is entirely accurate and objective. Accurate from the perspective of someone who's occupies a thin layer of the community.

An experienced successful miner, doesn't mean they can't become one. What is your definition of success? Again, coming out around 0 or generating a couple of bucks is a joke considering the effort, uncertainties and expenses it takes. You as an enthusiast have ideological motivation mainly, and maybe this niche perspective makes you blind to apparent facts Heh, you might rethink that if you had a better visibility of my long term mining results. Someone recently called me the Warren Buffet of mining.

I neither confirm nor deny the accuracy of that statement. Whatever the degree of success, some people want to do it, and some don't.

I think they deserve accurate analysis and math in making that decision, not someone handing them a conclusion. It also benefits the community when people are given accurate information and then decide to mine. If you want Monero to not end up like Bitcoin with eight guys in China mining it, then we absolutely need ordinary people mining it on ordinary computers, even if only part time or (individually) in small amounts. How much of an advantage does gpu have over cpu when mining monero? This question was never answered. The answer is that it depends on the particular hardware.

Power usage, hash rate, acquisition and setup costs, and operational costs all differ greatly between models. In general, as a class GPUs seem to have a modest advantage (most especially in scalability), but it isn't dramatic the way it is with most other algorithms. Blanket statements discussing broad categories of hardware and mining are generally misleading and/or incorrect.

There is another thread running now discussing a particular configuration. You might want to check that out.

As a follow up to my previous post where I explain how to gain up to 20% performance with large pages, I come with another tip for improving CPU mining speed for monero. The tip is do not use Intel Hyperthreading. Hyperthreading (HT) is a feature that allows two threads to run on parallel on a physical core. This feature essentially doubles the number of cores an operating system sees and can schedule tasks. This sounds good but not always, for some applications running two threads on a single core might significantly reduce the single thread performance and diminish any benefits from doubling the number of cores.

This is actually the case for monero mining. The performance is actually worse when using the extra threads that come with HT. Here are some results showing the detrimental effect has hyperthreading for Monero mining across different Intel CPUs. As you can see in the above graph I cover a wide range of parameters like different microarchitectures skylake (i7 6700), haswell (i7 5820K, i74500U), laptop (i74500U) and desktop (6700, i7 5820K) cpus and various core numbers (5820K hexa core, 6700 4core, 4500U dual core).

With 4500U being the only exception, the other two cpus have a severe impact with HT enabled. I7 6700 produces 68% more hashrate with HT disabled while i7 5820K has 33% higher hashrate with HT disabled. So, to sumarize the message is don't use the extra cores that come with HT because most likely you will get lower hashrate. Let's looks ways to avoid HT 1) Disable it from BIOS.

This is the easiest way to disable it. Just press DEL or Fwhatever (the key to enter setup should be printed on your screen) at the beginning of your machine's boot and you should find fairly easy the setting for turning on/off HT. I don't like this solution so much because every time I want to run something that benefits from HT i.e. Play a game like battlefield), I have to reboot the PC and change the HT BIOS option. 2) Keep HT enabled but don't use the extra cores for running the monero miner.

This is a bit more complicated solution but it is the best one, since this way you won't loose the HT feature for other applications that benefit from it. Here are the instructions for applying the second solution: 1) Enter BIOS and enable SMT (in case you have it disabled) 2) press alt+ctrl+delete to enter task manager 3) go to performance tab 3a) click on cpu 3b) right click on graph click change graph to, click on logical processors 3c) count the number of processors and divide the number by two. This is the number of threads you should use for your miner 4) or just read the number of Cores (not logical processors) below the CPU graphs like in the picture below (this picture is from windows 8.1, this picture may be slightly different for other windows OS) 5) Now start your miner I will use the xmrig miner as an example Note that other miner should have similar command line options. Basically we need to fine tune two options: the number of threads and the process affinity (the cores in which the miner threads will run) Go to config.json file set the 'threads': option to the number of cores you found from steps 3/4. Other miners should have similar option for specifying the number of threads.

Now go set the 'cpu-affinity' option. This option is really important so you don't end up with two threads running on the same physical core. Usually windows numbering works like this, core 0-1 belong to the first physical core, cores 2-3 belong to the second physical core and etc So for example in dual physical core system (logical cores 0,1,2,3) to avoid HT you should run the miner on cores 0 and 2 or cores 1 and 3. 'cpuaffinity' option expects core bitmask. Below I provide you the mask to use depending on number of physical cores your system has (or in the other words the number of threads you are going to use) threads ->affinity 2->0x5 4->0x55 6->0x555 8->0x5555 etc You get the point, for each pair of threads add another 5. Using A character instead of 5 also works e.g.

2->0xA 4->0xAA 6->0xAAA 8->0xAAAA Now in case your miner doesn't support an affinity command line you can specify the process affinity using the 'Start' command. The below command starts the miner on cores 0,2,4,6,8,10 START /AFFINITY 0x555 wolf-xmr-miner-v0.4 miner wolf-xmr-miner-v0.4 xmr-cpu.conf Also, you can always change a process affinity from the task manager.

To do this (instructions for windows 8.1 and above, for windows 7 the procedure is very similar): a) press Alt+Ctrl+Del to open Task Manager and go to the Process Tab. B) Right click on the apllication for which you want to set Processor affinity(in our case your miner process). And select Go to Details c) Now right click the application and click 'Set affinity'. D) Uncheck the 'ALL processors' option and select only the cores you want to use. To disable HT just go round robin, e.g. Select core 0, don't select core 1, select core 2, don't select core 3 etc Please consider supporting me as a Steem Witness by voting for me at the bottom of the Witness page; or just click on the upvote button if I am in the top 50.