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Nickel Bitcoiner
Nickel Bitcoiner
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Is mining Monero worth it?

Tue Feb 27, 2018 3:20 pm

Will it yield more than mining bitcoin?
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Nickel Bitcoiner
Nickel Bitcoiner
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Re: Is mining Monero worth it?

Mon Mar 05, 2018 10:39 am

Monero is a cryptocurrency which is actually anonymous. Most of the other cryptocurrencies are just pseudonymous. This is the reason why this cryptocurrency has been gaining a lot of traction as well. Like most of the other cryptocurrencies, it has also increased in value. Monero price forecast 2018 underlines that mining Monero will be worthfull.

Nickel Bitcoiner
Nickel Bitcoiner
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Re: Is mining Monero worth it?

Mon Mar 19, 2018 4:04 am

Not at all, try to mine something like Luxcoin and than transfer it to XMR, It's worth trying
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Re: Is mining Monero worth it?

Mon Mar 19, 2018 5:09 pm

it's easier to get monero

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Re: Is mining Monero worth it?

Fri May 18, 2018 6:45 pm

I say yes with a small 'y', but I'm biased as I entered the crypto-mining scene from the get-go as a Monero miner.

Basically Monero suits the small-scale cottage industry of miners who are in the spirit of the old Bitcoin miners several years ago. NOT the insanely industrialized factory miners you have in China that are popping up like ants.

You can get some top end graphics cards on a top-end motherboard and get a very good hash rate. With risers this can be boosted up more so. There can be more glichey outcomes from risers though.

The only limitation on Monero Mining Captains is their household power demand will be more than an ASIC miner (ASICs are usually less power hungry). For my property I can get about another 3 - 5 mining rigs and then my breakers will start to trip. ASIC miners could manage a few more (but they are noiser typically).

So far I've been mining for several weeks and only twice have I had to do a brief restart, one time was only for a minor reason.

Currently Monero seems to track against Bitcoin and other coins more or less. The hard fork recently means it will for the forseeable future it'll favor DIY / home-based miners using GPU rigs. ASICs have been firmly shown the door and BTFO.

However, in the next few years ASIC rigs might make a return if the difficulty rises too far. By which point though the profitability will mean the hash difficulty won't matter for the DIY miners as their rigs could still be viable even then.

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Re: Is mining Monero worth it?

Thu May 23, 2019 9:33 am

Monero is one of the few cryptocurrency that can still be mined using a CPU; however, the GPU can provide significant and often more valuable performance improvements. If you interested in Mining I prefer Veil Coin. Veil is a privacy coin built for fast transactions with “nearly nonexistent” fees. Itself by shifting from PoW to PoS. The earnings algorithm also see-saws between masternodes and stakes in an effort to distribute block rewards without bias.
To start staking Veil, you’ll need to download the official wallet, sync it with the blockchain, transfer some currency into the wallet, then leave it connected.

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Nickel Bitcoiner
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Re: Is mining Monero worth it?

Mon Aug 12, 2019 12:38 pm

Mining Monero isn't a troublesome task as and when put next to Bitcoin and Ethereum. Monero works on the CryptoNight Proof-of-Work algorithmic rule that allows the user to mine with their GPU and central processor, rather than building up a complex system that costs a lot. If you wanna start mining Monero efficiently, then go for HashGains Monero mining methods

Silver Bitcoiner
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Re: Is mining Monero worth it?

Wed Nov 27, 2019 2:46 pm

I think yes if you run a botnet.
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