Setting up CPU mining | Bitcointalksearch.org

RapTarX

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Quote from: nc50lc on September 09, 2019, 10:17:51 PM

Did you followed the guide? It's pool mining, you can see your stats in that pool's website by entering your worker address/ID.

No, I didn't. I have tried with only my single CPU. I will try later today with pool. Now I will try connecting come CPU. For now, I'm not thinking about earning. Since I'm new and have some times to spend, I'm trying to get understood this process only.

Quote

Solo mining: the block reward is all yours, but you mine alone and the chance depends on your hashrate alone.
Pool mining: the block reward will be divided between the workers depending on their shares, but the rate to mine a block is high since all worker's hashrate will be used together.

I was messing up both solo mining and pool mining. So, if some of our colleagues mine, it will be pool mining as well. Thank you for thesese easy words.

Dank14

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Generally pool mining is more profitable than solo mining especially for older alts because their difficulty would have increased.

You can solo mine brand new coins and make profit but profit might reduce as difficulty increases.

nc50lc

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Quote from: RapTarX on September 09, 2019, 06:21:01 PM

I have successfully completed trying the process for mining with single CPU. It was more easy than I thought. Mining through a pool is a better option certainly, however, I'm not still thinking about it financially. So, I will try registering in a pool and check if I can connect.
I'm now trying to connect more CPU with mine, which is probably solo mining. Which one is better in term of profitability? Pool mining or solo mining (4/5 CPU).

Did you followed the guide? It's pool mining, you can see your stats in that pool's website by entering your worker address/ID.
Most pools doesn't require registration, they can detect if someone is mining in their pool as long as you entered the correct Pool stratum/HTTP url.

Uh, 4-5 CPUs for Monero is very very insufficient for Solo mining.
Here's how to get an overview if it's possible for you to solo mine a coin:

Search any (mining) Stats for that particular coin; for Monero: the current total network hashrate is 322.235MH/s or 322,235,000H/s
Compare that to your Rigs' total Hashrate, say 70H/s x 4 CPU = 280H/s
If it's way beyond 1%, there's no point on going solo since that's basically your chance to mine a block to get the reward.

Solo mining: the block reward is all yours, but you mine alone and the chance depends on your hashrate alone.
Pool mining: the block reward will be divided between the workers depending on their shares, but the rate to mine a block is high since all worker's hashrate will be used together.

RapTarX

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Activity: 1358

Merit: 851

I have successfully completed trying the process for mining with single CPU. It was more easy than I thought. Mining through a pool is a better option certainly, however, I'm not still thinking about it financially. So, I will try registering in a pool and check if I can connect.
I'm now trying to connect more CPU with mine, which is probably solo mining. Which one is better in term of profitability? Pool mining or solo mining (4/5 CPU).

Quote from: nc50lc on September 09, 2019, 04:11:18 AM

Also, do not fall for those "Browser Mining" that pays a few (BTC) satoshi, those aren't Bitcoin mining.
Almost all miners have a false-positive result from AVs, it's up to you to trust them (add an exception if you have one).

Thank you for the suggestion. I'm not going to fall into this, I guess these are a trap for newbie searching for earning online with low effort. I'm advance newbie Cheesy

Quote from: togoshigekata on September 09, 2019, 12:52:11 PM

Discord: https://discordapp.com/invite/cc4jCB6

Telegram: https://t.me/CPUtalk

Spreadsheet: https://docs.google.com/spreadsheets/d/1pkp8tfUK70Fs-HsdKL9PJpEcpcYhnMO0cKylyV8QVt0/edit#gid=0

I was probably looking for this. Great resource for me. I may have a try with a good new one.

togoshigekata

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Quote from: RapTarX on September 08, 2019, 09:05:55 PM

I have to have downloaded the wallet software and miner.exe and run it. It will automatically do the rest of the job.

Sometimes you may have to edit config files
You will need to keep up to date on any mandatory wallet software updates,
and you will want to check on the miner periodically to see if there are any problems (crash, fork, etc)

Quote from: RapTarX on September 08, 2019, 09:05:55 PM

Is it better to run mining software alone or participate in a mining pool?

As the network hash rises (as more miners are mining), it can take longer and longer to solve a block solo,
by using the pool, everyone works together with all of their hash power to solve blocks,
and the reward gets split between everyone who contributed based on how much they contributed in hash.

Depending on the coin and when it launched, with solo mining (not using the pool)
it could take weeks to months to finally solve a block and get a large reward,
but with the pool you can get small frequent rewards every X minutes.

Quote from: RapTarX on September 08, 2019, 09:05:55 PM

Noob miner here, trying to mine with CPU. They say it's not profitable anymore, but I have to learn the process for the sake of learning. I believe it will help me learn something new.

I learned a lot jumping into CPU mining, have fun exploring!

For a list of current CPU Mining coins and a community that mines them,
check out the CPU Miners Club

Discord: https://discordapp.com/invite/cc4jCB6

Telegram: https://t.me/CPUtalk

Spreadsheet: https://docs.google.com/spreadsheets/d/1pkp8tfUK70Fs-HsdKL9PJpEcpcYhnMO0cKylyV8QVt0/edit#gid=0

nc50lc

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Quote from: RapTarX on September 08, 2019, 09:05:55 PM

[1] I have to have downloaded the wallet software and miner.exe and run it. [2] It will automatically do the rest of the job.
[3]Is that okay? Is it better to run mining software alone or participate in a mining pool?

[1] That would be it, except the wallet software isn't required, you can send the payout directly to your Hardware/Paper wallet.
Most Pools just accepts "worker address" means you just need a crypto address for the payout, some required registration and pay through account balance.

[2] It will if you properly configured the config/bat file.

[3] Most mining software are designed for pool mining, but there are some that can be configured to solo mine.
Solo mining is only recommended for big mining farms.

Since you're just "testing", pick XMR-stak (or the 0% DevFee version), it configures itself (you just need fill-up the details) on Windows.
You can also edit the start.bat file using these settings (for Nanopool): help.nanopool.org skip to "For mining on a CPU".

pool url settings: you'll normally see this on your selected pool's homepage/help-page.
currency: what coin will you mine, ex: monero
username: use address if pool pays directly, your username if not
password: "blank" or x

Also, do not fall for those "Browser Mining" that pays a few (BTC) satoshi, those aren't Bitcoin mining.
Almost all miners have a false-positive result from AVs, it's up to you to trust them (add an exception if you have one).

RapTarX

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Activity: 1358

Merit: 851

Noob miner here, trying to mine with CPU. They say it's not profitable anymore, but I have to learn the process for the sake of learning. I believe it will help me learn something new.
So far, this is what I have got after researching a bit.
I have to have downloaded the wallet software and miner.exe and run it. It will automatically do the rest of the job.
Is that okay? Is it better to run mining software alone or participate in a mining pool?
Pardon me, if I were not a child here, I would ask a little bit advance question.

Topic: Setting up CPU mining (Read 235 times)