XMR mining thread

[DrMrLordX]

Hi XMR miners! Now that I've got my 1800x mining full bore, I must say that I am disappointed with the profit levels.

According to nanopool, my ~670 H/s (actually doing 667 right now, with fluctuations from me messing with Waterfox etc) is worth $28 per month. Woo! Yay. If I put my Vega FE on XMR I would be making $75/month, as opposed to the $110-$150 it makes right now (fluctuating pretty wildly atm, current $137/month) mining ETH.

So what gives? I know XMR has had some problems with price, but it's back up to $360 from its low of around $250 during the latest crash. Price reduction alone can't account for where XMR mining is right now. Looks like a bunch of new hashpower is coming online for XMR.

 

[coercitiv]

Hi XMR miners! Now that I've got my 1800x mining full bore, I must say that I am disappointed with the profit levels.

Let me help you with your disappointment: had you mined XMR from the first day you bought your 1800X, it would have payed for itself and likely a better part of your system (mb, ram, etc). How much money would have 1800X earned you by mining ETH?

There were times in the previous months when XMR was considerably more profitable to mine when compared to ETH. Were you disappointed back then? I think we should get used to the idea that every month or week we'll get a better mining candidate, with different alt coins offering short term worthy switches. (with the associated extra risk for some of them)

 

[PhonakV30]

Hi XMR miners! Now that I've got my 1800x mining full bore, I must say that I am disappointed with the profit levels.

According to nanopool, my ~670 H/s (actually doing 667 right now, with fluctuations from me messing with Waterfox etc) is worth $28 per month. Woo! Yay. If I put my Vega FE on XMR I would be making $75/month, as opposed to the $110-$150 it makes right now (fluctuating pretty wildly atm, current $137/month) mining ETH.

So what gives? I know XMR has had some problems with price, but it's back up to $360 from its low of around $250 during the latest crash. Price reduction alone can't account for where XMR mining is right now. Looks like a bunch of new hashpower is coming online for XMR.

go ETN (Electroneum ) , It's direct cash. Etn is based in XMR

 

[DrMrLordX]

Let me help you with your disappointment: had you mined XMR from the first day you bought your 1800X, it would have payed for itself and likely a better part of your system (mb, ram, etc). How much money would have 1800X earned you by mining ETH?

There were times in the previous months when XMR was considerably more profitable to mine when compared to ETH. Were you disappointed back then? I think we should get used to the idea that every month or week we'll get a better mining candidate, with different alt coins offering short term worthy switches. (with the associated extra risk for some of them)

Disappointment or no, I'm just curious about the rapid collapse of profits, that's all. ETH mining has gone through similar epochs. Who or what is bringing up the difficulty so much? I have to wonder if someone isn't bringing a bunch of Epycs or TRs online to mine XMR . . . Intel chips don't seem to compete well on a per-cost basis, and vid card availability is low enough that I find it improbable that large amounts of GPU hashpower came online in the past week.

 

[coercitiv]

Disappointment or no, I'm just curious about the rapid collapse of profits, that's all.

Two factors affect XMR mining returns:
1. in the past 2-3 months network hashing power has almost tripled.
2. XMR block reward is steadily going down.

 

[DrMrLordX]

2. XMR block reward is steadily going down.

Interesting. Are they planning to zero that out eventually? What's XMR's long term for PoW?

edit: something weird is going on. Either my pool is going crazy or XMR's difficulty is bouncing around like mad. My 1800x went from being worth $28/month yesterday to $48/month today, and XMR's price went down about $14 per token in the same time period. Whaaaat?

Something skwewy going on herew.

 

[coercitiv]

Interesting. Are they planning to zero that out eventually? What's XMR's long term for PoW?

You'll have to check actual info on this if you want details, but the short take is rewards are slowly diminishing but will continue to exist, XMR is designed to have an innate minimum inflation rate.

 

[mychainpool]

Anyone want to join our 0 pool fee monero pool?
mychainpool.com

 

[DrMrLordX]

Old thread, new news: Monero X has drastically changed XMR hash rates. GPUs and ASICs are mostly dead. CPUs are "where it's at" now.

My "default" 3900X is currently mining at around 10kH/s which is . . . pretty nice. Supposedly an R7 1700 mines at around 4.1 KH/s. Anyone else tried CPU mining with a post-Monero X fork miner? @VirtualLarry ?

edit: closer to 9.4 kH/s on the 3900x but whatever.

 

[Shmee]

Interesting, I took a look at this, trying on my 3700X now. Only getting around 4KH/s, I am not sure I set it up correctly. What miner are you using?

 

[DrMrLordX]

I am using the nanopool miner, Nanominer. I had to reboot to get correct hashrates under Win10.

According to my calculations, this 3900x could pull in ~.47 XMR per month which is . . . not that great. Definitely not in line with what I was getting back in 2016 with an R9 290 mining ETH.

 

[VirtualLarry]

I was getting 4.3-4.7Kh/s with my 3600 using NH with XMRig. Not running NH as admin, not after Defender identified trojans in the newest .19 miner plugins, as well as .12, .13, .14.

 

[DrMrLordX]

I was getting 4.3-4.7Kh/s with my 3600 using NH with XMRig. Not running NH as admin, not after Defender identified trojans in the newest .19 miner plugins, as well as .12, .13, .14.

Those trojan identifications are probably false positives. Trojan/virus authors are likely hijacking systems and using xmr-stak as part of the payload. Windows Defender will pitch a fit if it sees any part of xmr-stak anywhere.

https://www.reddit.com/r/MoneroMining/comments/aipomg/possible_trojan_in_xmr_stak_windows_binary/

I was getting warnings from Windows Defender from stuff downloaded directly from getmonero.org. Mind you, that site was hijacked for less than an hour back in November:

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www.theinquirer.net

 

[thilanliyan]

Is Monero X now the official mining algo for Monero?

There are several Cryptonight algos lol.

 

[DrMrLordX]

Is Monero X now the official mining algo for Monero?

Yes. It's quite fast, just . . . not all that profitable.