How Long Does It Take To Mine 1 Monero XMR

CPU #1: i7-5930K @ 4.5ghz across 10 threads = 331.5 H/s. As you can see, the screenshots were taken literally like 6-7 hours into mining so the overclocks are in full force! Sorry for the long gap since updates and for not responding to questions on the different foras I posted this! Is it worth mining Monero? How do you do it? (assuming you’re using Mine XMR Pool) Reply. That if you’re inactive for too long, most pools will take your. Reward Per Block, 5.27 + 0.1538 XMR ($1,378.66 USD). Reward (last 24h), 4,037 + 117.68 XMR ($1,055,208.48 USD). Difficulty, 100.823 G +6.23% in 24 hours. Hashrate, 892.707 M hash/s +13.03% in 24 hours. Monero Mining Profitability, 1.182 USD/Day for 1 KHash/s. First Block, 2014-04-18. Blockchain Size, 39.40 GB.

Note that mining rewards are not the same as inflation. This is because mining rewards include fees paid by people making transactions. The long term XMR inflation rate will be 0.3 XMR per minute, which is 0.87% per year. This inflation rate acts as an incentive for the blockchain to be secured on an ongoing basis.

– – – Quick Links Resources • • • • • Desktop Wallets (Official) Web Wallets • Mobile Wallets • • • • • Hardware Wallets • • Why Monero? Monero is secure. Monero can't be hacked to steal your funds, due to the power of distributed consensus. This means that you are responsible for your own money, and don't have to trust any entity to keep it safe for you. Monero is private.

The power of the blockchain usually increases security at the cost of privacy, but with Monero's sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs. Monero is untraceable. By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to any particular user.

Monero is fungible. Because of its on-by-default privacy technologies, Monero is fungible, which means that one Monero will always be equal to another. This ensures that there will be no discrimination over the origin or history of your coins, lessening the worry of potential blacklisting by exchanges or vendors. Guidelines • Breaking the guidelines may result in a deleted post and possible ban. • Follow redditquette and the rules of reddit. • Only Monero-related topics/links.

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Monero Communities Other Communities • • • • • • •. Those 71 GTX 1070 would cost you 31240USD (assumig 440USD price tag) right now. With those you could buy 312 monero immediately and so it would take around 312 days to pay back those GTX assuming that difficulty would stay the same (which I guess it wont). Have a look here: It seems that the difficulty has doubled during last month.

Buying those GTX you would take a huge risk that after one month you would only be able to mine only 0,5 moneroj/day and after two months 0,25 moneroj/day and so on. Siacoin SC Mining With Raspberry Pi. If we assume difficulty doubling every month, you would only be able to generate less than 60 moneroj during next 360 days instead of buying 312 right now. Sure you would also have those 71 GTX 1070's, but usually the value of the GPU's decline very fast so I think that value will only be a residual in this calculation. I would definitely just buy monero instead of buying those GTX.

Mining ethereum and trading those to monero may be a different story, but I definitely would rather buy monero directly instead of buying gpu's to mine monero. But that's just me. • • • • • • •.

Hash rates are constantly variating so I think it's impossible to tell. We can actually get averages from Monero indicators shown in respective pages. Since I'm mining locally (at ) I get my calculations from their rate. I'm not really interested about speed but fees.

Coinhive for example takes 30% from your earns so it doesn't matter how long it takes, they will get 30% from it. CoinImp takes 0.02 XMR on per payment transaction so there you go. Try daily researching so you can get an average. I'll suggest AMD to mine Monero.