Monero is one of the potential tokens in the crypto space, which is fungible and privacy-centered and does not go with ASIC mining options, so the two other options left are GPU and CPU mining. Monero’s mining algorithm makes use of the Proof of Work (PoW) called CryptoNight, which is getting an update pretty soon after the Monero hard fork on November 30, 2020, where they are going to switch to RandomX mining, which will help remove all the malware from the network. This will make the network secure. The best hardware is based on the Monero mining difficulty and Monero mining estimate. You can check out the top Monero mining software here.
The top 2 best Monero mining hardware are:
Radeon 7990 has a hashrate of 36 MH/s, which is the second-largest amongst the best cards for ETH mining, with a power consumption of 375W with a return of over 470 USD annually, and a profit ratio of 56% (Monero mining calculator). This is one of the most cost-effective alternatives for ETH miners. The payback period exceeds slightly over a year.
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With Nvidia GTX 750 Ti, you get a hashrate of around 200MH/s. Once you download, extract the files to the desired directory and then create a Windows batch file so that you can get started with the desired command. The next step is to duplicate the file and rename it, which can be recognized easily, edit the file using your preferred editor. You just have to add your Monero payment address.
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As and when the mining hardware gets enlisted as the top Monero hardware, we will be updating the list. You can check out the top Monero mining pool options here.
As far as Monero mining profitability is concerned, there is a good chance that it might end up in a more legit form of money in the coming days.
Yes, Monero is a Proof of Work (PoW) cryptocurrency that can be mined.
It takes 2 minutes to mine Monero.
No, Monero can’t be mined with ASIC, but with GPU and CPU.
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2020-01-08 17:14:06.802903 | 2 min