How long does it take to mine 1 Monero on Android?
A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.
And if we go to NanoMiner's Algorithms section, you'll know that the Random X algorithm works with CPU quite easily. It means Monero (XMR) coins are a perfect choice for mining on Android phones and PC.
Using Termux, it's possible to mine XMR cryptocurrency on an Android cellphone or tablet running Android version 7 or later.
As of Sunday, August 07, 2022, it would take 126.9 days to mine 1 Monero at the current Monero difficulty level along with the mining hashrate and block reward; a Monero mining hashrate of 42,000.00 H/s consuming 450.00 watts of power at $0.10 per kWh, and a block reward of 0.65 XMR.
The best way to mine XMR coins is to use your everyday computer's processor (CPU) or graphics card (GPU). However, solo mining isn't profitable, and you will need to either join a mining pool or rent out hash power using cloud mining. ”
Answer: Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.
MinerGate Mobile Miner: with this mobile app, you will be able to mine multiple altcoins apart from Bitcoin. Some of the altcoins you will be mining are Dash, Monero, QuazarCoin, MonetaVerde, and DigitalNote. There's also an in-built wallet in the app for users to store the coins they have earned.
While it is possible to mine cryptocurrencies using a smartphone, solo mining is generally not recommended for two reasons: Mining will put an incredible amount of stress on your smartphone, shortening its lifespan and potentially ruining its hardware. The returns you get are not worth the effort.
For this reason, it's not possible to mine Shiba Inu tokens on mobile devices.
Mining Monero is pretty easy to get started with because it does not require expensive mining hardware like bitcoin. Monero has also established itself as the main privacy currency. That implies it has a lot of upward price potential, which might help you make more money mining Monero.
How long does it take to mine 1 Monero on a laptop?
The walkthrough will be on a Windows 10 machine, but note that you can also mine on Windows 7 or 8, as well as on Linux and Mac. The whole process of downloading your miner, configuring things, and getting going should take less than 20 minutes.
By the time you read this, the XMR price might have skyrocketed, making it profitable for even solo mining. However, at the current XMR price of $211, it likely won't be unless you have exceedingly cheap electricity. In that case, your best bet is to join a Monero mining pool and contribute to a shared effort.
XMR mining is profitable
Depending on your CPU/GPU, this will quantity to around $0.45 to $1 in profitability, per day per mining system.
- AMD Ryzen Threadripper 3970X. The absolute best mining CPU. ...
- AMD Ryzen 9 3950X. Another brilliant mining CPU from AMD. ...
- Intel Pentium Gold G-6400. A great CPU for maximising mining profit. ...
- AMD Ryzen 5 3600X. ...
- AMD Ryzen Threadripper 3960X. ...
- Intel Core i9-10900X. ...
- Intel Celeron G5905. ...
- AMD Ryzen 3 3100.
AMD EPYC is one of the most powerful server processors to mine Monero with a CPU. When mining Monero, it achieves a hash rate of 44,000 hashes/second with a power consumption of 225 watts. This makes AMD EPYC 7742 one of the fastest processors for Monero mining.
The walkthrough will be on a Windows 10 machine, but note that you can also mine on Windows 7 or 8, as well as on Linux and Mac. The whole process of downloading your miner, configuring things, and getting going should take less than 20 minutes.
At my current rate it would take about 10 months to get one Monero coin over the mining pool and the minimum payout is 0.3 XMR.
Ethereum (ETH-USD), Verge (XVG-USD) and dogecoin (DOGE-USD) are the top three most profitable cryptocurrencies to mine, according to a recent report by Traders of Crypto. Note the barriers to entry in crypto mining are low so long as the right equipment is being used to set up a mining machine.
Answer: It depends on the mining equipment and pool hash rate. However, a single block gives 10,000 DOGE, and it takes a minute to mine one. So it could take you much less than a minute to mine 1 Doge even on a mining pool.