Topic: Monero RandomX mining profitabilaty update after hardfork !? (Read 609 times)

if you want profitability check out http://get-monero.org it will redirect you to the mining pool (that is my affiliate link url shorter) but if you do not want to use my affiliate link you can use ragerx.lol

The pool has been setup by XMRstak devs, even the monero devs etc admit that the pool and its custom software ( you have to flash it to a usb and boot of the USB with a self contained OS) is faster at mining XMR then any of the current mining software available on the market.

The pool does have a 3.5% pool fee but as its 10% faster you are 6.5% up still.

The pool also has affiliate links so the more friends you get to mine xmr the more xmr you will also earn.

Check it out guys you will not be disappointed its coming out from beta today.

you can also join the tele here:

https://t.me/ragerxlol

That's pretty sweet. Even I would have break-even my workstation and mining rigs if I had sold the coins at a good price.


Yes, RandomX algorithm is designed in such a way that it balances the gap between CPU and GPUs. So, in practice, one can expect identical hash rates with them which makes GPUs obsolete for mining XMR.

True, as more and more idle CPUs gets activated, the hash rate is going to skyrocket making home mining with CPU not at all lucrative.

Are the Whattomine calculations correct for the RX 470/570 and it gives about 390h/s using only 80 Watts however with 0.08kwh it results in a loss of $0.12. With the same GPU mining ETH it produces a small profit of $0.06. So are the AMD just very bad at RandomX or is it a CPU mostly oriented coin? I've havent actually bothered to benchmark my other GPUs because I know they will all be unprofitable.

So far the profitability for CPUs seems ok, but give it a few more weeks and I am pretty sure the profits will worsen. The issue with XMR is the small miner reward compared to say ETH or BTC.

For mining to be profitable again we need RandomX or ProgPOW on ETH to make home mining come back again.

I have the same Ryzen 1700 that I used to mine XMR in the good old days 
At least I "roied" my entire rig in a good time but have to turn off all the rigs when my electricity rate increase to 0.20 USD

This is misleading, it's a lie, most benchmarks say 3900x gives 13000h/s which in turn says $0.60 per day if 0.1 per kwh.

cpu cost is $600, so in turn roi is 1000 days for only the cpu, if we count motherboard $150, memory $50 and ssd $50, PSU $100, total cost is $950 which in turn to break even is

https://whattomine.com/coins/101-xmr-randomx?utf8=%E2%9C%93&hr=13000.0&p=220.0&fee=2&cost=0.1&hcost=950&commit=Calculate

1562 days, to be profitable roi should be 200 days or less.

Truth is, monero total hashrate is composed with 80% of botnets.

I was not 100% serious about the botnets. If Monero would be mined only with botnets the price will be much much lower.
There is one bad thing for the investors when botnets are involved: botnet mining is stealing, so at selling the profit is 100%. So a botnet owner can sell at any price. ASIC mining means quite an investment, so it's a business with costs which will clearly try to sell only on profit.

Seriously, only for new generation high-end Ryzen CPUs.
I have one Ryzen 7 1700 rig and other Ryzen 5 2600 but with $0.11 KWH. It's not even worth it to run them for cents.
That was predictable though as there are many more CPUs out there than GPUs.

It's part of the paradox of mining. Algos that serve popular coins end up with ASIC miners
if possible or botnets if not.

While a coin's popularity is good for investors, it's not so good for small miners.

Monero seems to be the most popular coin with a serious plan to avoid ASICs.
It also seems to be unfeasible to mine with GPU making it the most popular
target for botnets.

MTP also seems to be effective at avoiding ASICs so far and fabourable to GPUs
but less popular.

I don't think that justifies new investments .. But for those who have a ryzen at home is profitable after the Fork.

https://www.nicehash.com/profitability-calculator/amd-cpu-ryzen-9-3900x

Electricity costs 0.10 USD/kWH:

The fork was not long ago and maybe the numbers will adjust a lot in the next weeks, but does this matter that much? I mean that I expect in the near future the only difference will be a higher difficulty.


  I do agree on this. I mean, there are plenty of stories telling that Monero mining is basically botnet-based.
On a more serious note, a successful coin worth mining only if you have dirt cheap electricity, and even then you have to be careful with the calculations. (See Bitcoin)

yes, waste of time.

https://whattomine.com/coins/101-xmr-randomx?utf8=%E2%9C%93&hr=5200.0&p=150.0&fee=2.0&cost=0.1&hcost=0.0&commit=Calculate

at moment is $0.14 if $0.10 per kwh per day and minus $0.25 if you pay $0.18 per kwh per day. I mean to earn only $0.14 cents by leaving the whole pc full load is bs, no better time for people who want to buy coins, mining is for demented people.

https://whattomine.com/coins/101-xmr-randomx?utf8=%E2%9C%93&hr=5200.0&p=150.0&fee=2.0&cost=0.18&hcost=0.0&commit=Calculate

Waste of time, buying coin seems much smarter choice currently if it is for profits

https://whattomine.com/coins/101-xmr-randomx?utf8=%E2%9C%93&hr=5200.0&p=150.0&fee=2.0&cost=0.1&hcost=0.0&commit=Calculate

For most people in the US who pays $0.10 per kwh is $0.24 per day at moment.

In my case https://whattomine.com/coins/101-xmr-randomx?utf8=%E2%9C%93&hr=5200.0&p=150.0&fee=2.0&cost=0.18&hcost=0.0&commit=Calculate

I pay $0.18 per kwh, so in my case is a negative of minus $0.06 per day.

https://whattomine.com/coins/101-xmr-randomx?utf8=%E2%9C%93&hr=5200.0&p=150.0&fee=2.0&cost=0.18&hcost=0.0&commit=Calculate

most of the hardware will switch to other alternatives if they want to keep mining like eth or other cryptonight based coins
the rest will sell the hardware to recoup their investments as much as they can

So Monero Hardfork has executed set at block number 1978433 .Which has been successful as they usually are. Now there is new mining algorithm for Monero , and this change has made previous mining hardware obsolete. What I mean by that, there is more profitable hardware which are CPUs to mine monero. Previously most efficient was GPUs.
In my case most efficient hardware is Ryzen 9 CPUs, which gets me best watt per hash. Some people this might be different. As the electric and hardware prices changes different places on the planet Earth.
I just wanted to follow up on mining probability, what is going on and what are the current changes.  So after about 48 hours in new algorithm RandomX, Total network has stabilized at around 2.5x which is 750mh , network hashrate before RandomX was around 300mh/s

This was expected, for example if we had monero mining rig 6xGPU RX570 which on average was giving 5000 hashes price (1300euro)
Current hardware Ryzen 9 mining rig (800-900euro) gives you on average 13000 h/s which about 2.5x cheaper hashrate then on previous mining algorithm . Pluss the watt per hash is much more less then the GPU rigs.
Total network hasrate could increase even more, but I don’t expect it to increase that much anymore. As the profit is just not there, and the roi isn’t that fast.
Currently calculators show 0.9 XMR a month with one Ryzen 9 CPU.
Im just curios now what is going to happen with previous  Monero Network mining hardware is it going to hit other Networks or be sold in open market. I will probably do a more close follow up on few weeks and will see where it stands.


Video review : https://www.youtube.com/watch?v=SGeb9uoDn7Q