Monero (XMR) is an open-source cryptocurrency created in April 2014, which focuses on privacy, decentralization and scalability.
To maintain ASIC-resistance, the XMR hard fork successfully completed at block height 1978433 on 2019-11-30. The mining algorithm was updated to RandomX, greatly improving the mining performance of CPU miners, and reducing the hashrate of GPU cards (particularly AMD cards).
1. Obtain suitable hardware
- ✅ XMR can be efficiently mined with CPU cards.
- ❌ XMR cannot be efficiently mined with GPU or ASIC mining machines.
2. Obtain wallet address
An XMR wallet address is required for you to receive and monitor your mining revenue.
Mining revenue is distributed daily to every user that reaches the payout threshold. The payout threshold is 0.3 XMR and details about payout method, fees and threshold can be found here.
You need to get a wallet address if you don’t have one already. We recommend the official wallet. And you can also use an exchange wallet such as Gate.io, CoinEX, Poloniex, Bittrex, Bitfinex and Kraken.
.3. Obtain mining software
Choose from one of the popular mining software currently available for XMR.
4. Configure mining software
Xmrig CPU Miner configuration
Download the mining software and unzip the files. Right-click on “start.bat” and click “edit”.
xmrig.exe -o xmr.f2pool.com:13531 -u wallet_address.worker_name -p x -k
CPU+GPU（Nvidia card need to update to CUDA 10.1）：
xmrig.exe -o xmr.f2pool.com:13531 -u wallet_address.worker_name -p x -k –cuda
xmrig.exe -o xmr.f2pool.com:13531 -u wallet_address.worker_name -p x -k –opencl
- If you need to disable CPU mining, please add the ‘–no-cpu’ at the end of parameter.
- If the payment ID is needed when depositing, -u format should be -u wallet address.payment ID.worker name
- If you use the default parameter of XMRig, the algorithm will be matched to the correct algorithm automatically, so it can be used before XMR hard fork and it will switch to a new algorithm after the upgrade.
You can also obtain the original mining software, to produce system by XMRig config generator & editor. Matching parameters and generating the “start” and“config”files, which suits your miners.
After the configuration above, save the “start“ file and exit, then double click it, and start to mine.
5. Start mining!
Your machines are ready to start mining. From “Address Search” on the F2Pool homepage, you can insert your wallet address and monitor your hashrate, revenue, and payouts. You can also view the information through our F2Pool App. From the login screen, select “Quick View” in the bottom right corner and enter your wallet address.
Happy Mining ?
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