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For AMD owners mining Ethreum makes the best profit, however, Monero stands out due to several unique characteristics — above all, confidentiality level.
The currency is quite popular and periodically there are strong price increases. The installation and configuration process takes less than 20 minutes. Here is why you should try mining Monero:.
Finally, Monero mining gives you an advantage if the price of crypto currency grows in the future — with less risk than with a normal purchase. However, most miners do not understand technical analysis and do it at the wrong time in other words, they buy after the price leaps and sell at the peak of correction. In mining computer becomes an asset that generates profit. In addition, its value in the secondary market is kept at a high level and even grows.
In you could sell the GPUs purchased for mining in at a higher price than the purchase price due to high demand. In other words, you can earn good money by mining cryptocurrency and selling the equipment as soon as it becomes obsolete. In this case, you will be able to get what you paid for it in the first place and the coins produced become a pleasant bonus. Monero uses a different hashing algorithm that is incompatible with specialized microcircuits ASICs designed for bitcoin mining.
The Monero algorithm is called CryptoNight. Its protocol based on ring signatures designed to make it the leading anonymous cryptocurrency together with Dash and Zcash. Monero blocks are generated approximately every 2 minutes, unlike 10 minutes for Bitcoin. If the computing power in the Monero network is constantly growing, why is the blocks generation time is not reduced and remains 2 minutes?
The growing mining difficulty is to blame for this. Monero blockchain automatically adjusts mining difficulty to network capacity, so that blocks are generated approximately every 2 minutes. The mining difficulty depends on the network capacity. This year it is experiencing an exponential growth. The obvious question is: The answer is quite simple: The thing is that the computing power follows the price leap, which led to summer altcoin boom.
The Cryptocurrency has demonstrated remarkable growth. The site will display the current hashing speed and profitability select CryptoNight algorithm for Monero mining. Both brands can be used for Monero mining. If you decide to buy a used graphics card preferably buy in from a gamer, not a miner and check is if still has a warrantee. Carefully compare the performance, power consumption, availability and cost of different GPUs.
GeForce drivers are available on a their website. Select the current version, download it, install and restart the computer. If device manager shows no warnings next to video card, then the driver has been installed successfully. Some miners install several GPU and only after that configure the drivers. The next part of this manual assumes the use of MinerGate. Some users have complained about the developer, so use it at your own risk.
If you do not want to use MinerGate, go directly to step 4. For mining on all computers including laptops and GPUs, you must register on Minergate website.
The next step is to download the software. Download and install Minergate. The printscreen above shows mining on an old laptop with Intel i7 processor and integrated graphics. Ultimately, the results will depend on equipment characteristics. Mining at the click of a mouse is very encouraging, because you do not need to go deep into configurations and work with bat-files.
Just click the button and you are already earning money…. Next, we will tell you how to make the best of Monero mining and raise equipment productivity almost 2. The Minergate platform does not conflict with EWBF or Claymore miners, so you can mine several coins at the same time. For installation go back to the Minergate downloads page, scroll down and go to Alternative Miners. Download the bat-file for XMR by clicking on the right. Go back up and go to bitcointalk reminder: Download the miner and extract it to the desktop.
Copy the previously downloaded bat file to Claymore CryptoNote folder on desktop. It should be in the same directory as the executable program file. You will have to change some Windows settings before you get down to mining. Firstly, disable sleep mode as it will interrupt the program. Then change the size of the swap file to MB 16 GB. Disable the Windows update system to minimize miner failure and system intervention.
If it is active, the system will automatically download updates, install them and reboot, and that will interfere with the miner. If you use Windows Defender or any other antivirus program, add an exception so that it does not take the miner for the virus and block it.
After completing the Windows setup, run the miner by double-clicking on the bat file created earlier. If the Windows Firewall displays warning or error, confirm your choice. Claymore CryptoNote will boot and begin to mine Monero. This is almost 2.
You can track miner activity and overall results on official Minergate website. Fine configuration of Monero mining equipment 5.