![]() ![]() ![]() In this article, let's use the first meaning in the list. The term "Monero miner" can refer to either a physical miner operating mining devices or to programs installed to mine the privacy-centric coin, using CPUs since the RandomX upgrade.Īlso, it can mean the Monero mining software we've discussed in the previous section. With even a simple CPU, or GPU, you are good to go. A key factor that adds to the profitability of XMR miners is that the process doesn't require pricey heavy-duty gizmos like in Bitcoin. To determine if mining Monero is profitable, you have to take into consideration the mining hardware hashrate, electricity costs and the pool maintenance fees provided. Mining is a business therefore, the profitability of mining Monero should come into play before you even think of acquiring the necessary equipment. Things to Consider Before You Mine Monero Monero Profitability This keeps the miners motivated after depleting the total supply.Ī new block on the decentralized platform is found approximately every two minutes, and the current block reward as of January 2021 is 1.26 XMR. Instead, it is set up in a way that if the miners discover all the allocated 18.132 million tokens, then a “tail emission” will begin generating 0.6 XMR rewards infinitely, starting in May 2022. Unlike Bitcoin, which has a fixed supply of 21 million coins, the privacy-centric coin doesn't have a similar hard cap. ![]()
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