How to Mine Monero? XMR Mining Pool

A Private Digital Currency

Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.

Monero is the leading cryptocurrency with a focus on private and censorship-resistant transactions.

Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person’s real-world identity.

Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts.

Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world.

There are no multi-day holding periods and no risk of fraudulent chargebacks. It is safe from ‘capital controls’ — these are measures that restrict the flow of traditional currencies, sometimes to an extreme degree, in countries experiencing economic instability.

Monero transactions are confidential and untraceable.

Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. This always-on privacy means that every Monero user’s activity enhances the privacy of all other users, unlike selectively transparent cryptocurrencies (e.g. Zcash).

Monero is fungible. By virtue of obfuscation, Monero cannot become tainted through participation in previous transactions. This means Monero will always be accepted without the risk of censorship.

PoW Algorithm:
Max Supply: Infinite (see note below)
Block Reward: Smoothly varying
Block Time: 120 seconds
Difficulty: Retargets at every block

Now that we know the details about Monero, let’s get to mining some XMR!

Monero (XMR) Mining:
Those who have no idea about mining can easily start mining by watching this video.

Monero Mining Pool:

Step 1 — Create Monero (XMR) Wallet Address

Before you Start Mining, you need a wallet address. There are various options for having an Monero wallet.

Exchange Wallet: Binance, Okex, Huobi, Bittrex

Step 2 — Download Mining Software

There are many miner applications where you can mining Monero. Below we have explained in detail how to organize them.

Step 3 — Edit the bat File

XMRig v6.12.0+ (Windows, Linux, CPU)

Create monero-herominers.cmd file and copy / paste example below.

@echo off
xmrig.exe --donate-level 1 -o -u YOUR_MONERO_WALLET_ADDRESS -p YOUR_WORKER_NAME -a rx/0 -k

SRBminer-Multi v0.7.3+ (Windows, Linux, CPU)

Method 1: Run guided_setup.bat file and answer questions:

Configuration name: monero-herominers
Do you want to use multi algorithm mining? n or y (optional)
Enter algorithm 0 name: randomx
Address and port of mining pool:
Do you want to enable logging? n or y (optional)

Method 2: Open start-mining-monero.bat file and copy / paste example below.

@echo off
cd %~dp0
clsSRBMiner-MULTI.exe --algorithm randomx --pool --wallet YOUR_MONERO_WALLET_ADDRESS --password YOUR_WORKER_NAME

XMR-STAK-RX v1.0.5+ (Windows, Linux, CPU)

Method 1: Run xmr-stak-rx.exe and answer questions:

Use simple setup method? (Y/n) y
Please enter the currency that you want to mine: monero
Pool address:
Does this pool port support TLS/SSL? Use no if unknown. (y/N) n

Method 2: Example pools.txt

"pool_list" :
{"pool_address" : "", "wallet_address" : "YOUR_MONERO_WALLET_ADDRESS", "rig_id" : "", "pool_password" : "YOUR_WORKER_NAME", "use_nicehash" : false, "use_tls" : false, "tls_fingerprint" : "", "pool_weight" : 100 },
],"currency" : "randomx",

Happy Mining.

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