 How to mine Monero

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Ciro Santilli 34  Updated 2024-12-15  +Created 1970-01-01

Ubuntu 20.10 as per xmrig.com/docs/miner/build/ubuntu:

sudo apt install git build-essential cmake libuv1-dev libssl-dev libhwloc-dev
git clone https://github.com/xmrig/xmrig.git
mkdir xmrig/build && cd xmrig/build
cmake ..
make -j$(nproc)

At minexmr.com/#getting_started we see that all you then need is a single CLI command:

xmrig -o pool.minexmr.com:4444 -u <your-monero-address>

Seems simple, well done devs!

Benchmark on Lenovo ThinkPad P51 (2017) as per xmrig.com/docs/miner/benchmark:

./xmrig --bench=1M

gives:

948.1 h/s

which according to the minexmr.com mining pool would generate 0.0005 XMR/day, which at the February 2021 rate of 140 USD/XMR is 0.07 USD/day. The minimum payout in that pool is 0.004 XMR so it would take 8 days to reach that.

So clearly, application-specific integrated circuit mining is the only viable way of doing this.

Some people considering Raspberry Pis also conclude obviously that it is useless at a 10H/s rate:

www.makeuseof.com/cryptos-you-can-mine-at-home/ is a completely full of bullshit article that says otherwise. How can someone publish that!

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