[XMR] Monero - A secure, private, untraceable cryptocurrency

[GingerAle]

What is the most ideal hardware for mining Monero? How much does it cost and how many kilohashes does it achieve?


Not worried about making ROI, but optimal electricity : hardware ratio would be good, Monero is too liquid to buy at equivalent amounts (please no OTC offers), just need to do some calculations

Currently running a 6x R9 280x rig but just have a crappy celeron on the board.  Pulling 1000-1075 watts at the wall.  About 3.2KH/s on the hash rate.
Windows 8 - 2x Thermaltake 1200watt PSU's - 8GB RAM - SSD - ASRock H81 BTC Mother Board - Claymore 9.1 for GPU


I also have a gaming machine I run as a miner when I'm not on it. I have an AMD FX8150 8 core CPU and that does about 300H/s with just 6 of 8 threads running. Run Claymore for CPU.
I also have 2 older SLI'ed Nvidia GTX560's that run CCMiner for GPU and they pull about 220-280H/s combined. So I pull and extra 500-550 H/s when this gaming machine is running.  Only pulling about 500 watts with this machine.

I see, that's way too low, all that to maybe get ~100 Monero a month?

Such is the nature of a hashing algorithm meant to be egalitarian and asic resistant. I'm mining mainly to secure the coin and help pull some hash rate away from the influence of botnets, which is the only way I can really explain the network hashrate. 12 Mh/s = 12,000 Kh/s = 12,000,000 h/s, which is like 48,000 750 tis running at 250 h/s, or 3750 of DrHiggins rigs.

Or, if there are really 60,000 individual CPU miners at ~200 h/s, that'd be great.

Oh the joys of a truly anonymous cryptocurrency. The best data for hashing distribution is from the pool lists on the block explorers that provide it, and that only explains I think 5 Mh at my last glance.

[Drhiggins]

What is the most ideal hardware for mining Monero? How much does it cost and how many kilohashes does it achieve?


Not worried about making ROI, but optimal electricity : hardware ratio would be good, Monero is too liquid to buy at equivalent amounts (please no OTC offers), just need to do some calculations

Currently running a 6x R9 280x rig but just have a crappy celeron on the board.  Pulling 1000-1075 watts at the wall.  About 3.2KH/s on the hash rate.
Windows 8 - 2x Thermaltake 1200watt PSU's - 8GB RAM - SSD - ASRock H81 BTC Mother Board - Claymore 9.1 for GPU


I also have a gaming machine I run as a miner when I'm not on it. I have an AMD FX8150 8 core CPU and that does about 300H/s with just 6 of 8 threads running. Run Claymore for CPU.
I also have 2 older SLI'ed Nvidia GTX560's that run CCMiner for GPU and they pull about 220-280H/s combined. So I pull and extra 500-550 H/s when this gaming machine is running.  Only pulling about 500 watts with this machine.

I see, that's way too low, all that to maybe get ~100 Monero a month?

Such is the nature of a hashing algorithm meant to be egalitarian and asic resistant. I'm mining mainly to secure the coin and help pull some hash rate away from the influence of botnets, which is the only way I can really explain the network hashrate. 12 Mh/s = 12,000 Kh/s = 12,000,000 h/s, which is like 48,000 750 tis running at 250 h/s, or 3750 of DrHiggins rigs.

Or, if there are really 60,000 individual CPU miners at ~200 h/s, that'd be great.

Oh the joys of a truly anonymous cryptocurrency. The best data for hashing distribution is from the pool lists on the block explorers that provide it, and that only explains I think 5 Mh at my last glance.

For me its about the future value of Monero and the unique features this coin provides.  That mainly being ultra privacy and that is very important to me and my Libertarian mind set.  I'm not worried about quick profits or pump and dump schemes or how much the electricity is costing me at the moment.

Also I want to help out other miners that can use my knowledge because this helps network health.  I support the network and run a node for this purpose.  My gut feeling tells me that many of these Bots out there are older Bitcoin mining rigs that were built when GPU and CPU processing was still profitable, and now they have switched over to Crypto.  After Mt. Gox crash there was a flood of GPU's on the market and you could pick up cards cheap. However the price on these GPU's have risen considerably over the last 12 months.  Crypto and some Script coins still are profitable from using GPU and CPU rigs.  

I look at this pie chart multiple times everyday to kind of monitor network health in my own way.  http://minexmr.com/pools.html

About 2 1/2 months ago about 7MH disappeared from the the grid.  For the longest the network was turning about 21Mh/s now that has come down and been stable at 11-14MH/s.  I think some big mining farm or group of miners quit mining XMR after the the price went below .75 -.50¢ U.S. These are the make profit quick miners.  This is speculation of course on my part but its what my gut tells me and I've learned to listen to my gut feelings.  

Once the price of XMR starts to rise again you will see more mining and the hash rate increase along with the difficulty.


 

[marcoman22]

That happens only for the time being it is rising.

[Quicken]

What is the most ideal hardware for mining Monero? How much does it cost and how many kilohashes does it achieve?


Not worried about making ROI, but optimal electricity : hardware ratio would be good, Monero is too liquid to buy at equivalent amounts (please no OTC offers), just need to do some calculations

Currently running a 6x R9 280x rig but just have a crappy celeron on the board.  Pulling 1000-1075 watts at the wall.  About 3.2KH/s on the hash rate.
Windows 8 - 2x Thermaltake 1200watt PSU's - 8GB RAM - SSD - ASRock H81 BTC Mother Board - Claymore 9.1 for GPU


I also have a gaming machine I run as a miner when I'm not on it. I have an AMD FX8150 8 core CPU and that does about 300H/s with just 6 of 8 threads running. Run Claymore for CPU.
I also have 2 older SLI'ed Nvidia GTX560's that run CCMiner for GPU and they pull about 220-280H/s combined. So I pull and extra 500-550 H/s when this gaming machine is running.  Only pulling about 500 watts with this machine.

I see, that's way too low, all that to maybe get ~100 Monero a month?

Such is the nature of a hashing algorithm meant to be egalitarian and asic resistant. I'm mining mainly to secure the coin and help pull some hash rate away from the influence of botnets, which is the only way I can really explain the network hashrate. 12 Mh/s = 12,000 Kh/s = 12,000,000 h/s, which is like 48,000 750 tis running at 250 h/s, or 3750 of DrHiggins rigs.

Or, if there are really 60,000 individual CPU miners at ~200 h/s, that'd be great.

Oh the joys of a truly anonymous cryptocurrency. The best data for hashing distribution is from the pool lists on the block explorers that provide it, and that only explains I think 5 Mh at my last glance.

Going by the stats on minexmr.com (currently 117 connected miners, 286 KH/sec), the mean miner is running at over 2 KH/s. That's pretty typical from memory and if it's true, there are some very big fish out there (or lots of pretty big fish).

[5w00p]

What is the most ideal hardware for mining Monero?

Multiple 1CPU Ubuntu VPS at Vultr.  $5/month each and they don't mind if you mine.   

Use Dallas, LA, and Seattle.  The other locations have older CPUs.

Ref for $5 credit:  http://www.vultr.com/?ref=6804374

hashrate?

*refers to notes*

~73H/S LA
~65H/S CHICAGO/DALLAS/NEW JERSEY
~53H/S SEATTLE

That's using Lucasjones/cpuminer-multi.  If you're going big, consider investing in a private (GPU?) miner.

LA is now SOLD OUT like a Pink Floyd concert.

[smooth]

What is the most ideal hardware for mining Monero?

Multiple 1CPU Ubuntu VPS at Vultr.  $5/month each and they don't mind if you mine.   

Use Dallas, LA, and Seattle.  The other locations have older CPUs.

So that's about $0.17 per day to mine about 0.1 XMR? Seems very unprofitable to me.

Am I getting this wrong?

[NeuroticFish]

What is the most ideal hardware for mining Monero?

Multiple 1CPU Ubuntu VPS at Vultr.  $5/month each and they don't mind if you mine.   

Use Dallas, LA, and Seattle.  The other locations have older CPUs.

So that's about $0.17 per day to mine about 0.1 XMR? Seems very unprofitable to me.

Am I getting this wrong?

When I stopped mining Monero I was getting less (!) than 0.1 XMR / day.
I started mining something else then convert to BTC, then move to another exchange, then convert to Monero (lovely, isn't it?) which used to give me a little more than 0.2 XMR / day.
Now that other coin got too cheap, so.. yeah, I may start mine XMR again.

[smooth]

What is the most ideal hardware for mining Monero?

Multiple 1CPU Ubuntu VPS at Vultr.  $5/month each and they don't mind if you mine.   

Use Dallas, LA, and Seattle.  The other locations have older CPUs.

So that's about $0.17 per day to mine about 0.1 XMR? Seems very unprofitable to me.

Am I getting this wrong?

When I stopped mining Monero I was getting less (!) than 0.1 XMR / day.
I started mining something else then convert to BTC, then move to another exchange, then convert to Monero (lovely, isn't it?) which used to give me a little more than 0.2 XMR / day.
Now that other coin got too cheap, so.. yeah, I may start mine XMR again.

I think the best bet at this point is to mine on your own computer (and/or friends', family members', etc.) not VPS unless you are able to use a free trial or something like that.

The mobile and low power CPUs especially can be very efficient and probably profitable over power costs, although the numbers on that spreadsheet look messed up to me. There is no such thing as an i5-3520M for example, and Ivy Bridge i5's only have 3 MB of L3 which I doubt leads to great efficiency.

[5w00p]

What is the most ideal hardware for mining Monero?

Multiple 1CPU Ubuntu VPS at Vultr.  $5/month each and they don't mind if you mine.   

Use Dallas, LA, and Seattle.  The other locations have older CPUs.

So that's about $0.17 per day to mine about 0.1 XMR? Seems very unprofitable to me.

Am I getting this wrong?

Well, I added $5, got $7 in credit ($5 sign-up via referral OR $5 for using PayPal [one or the other, not both] and $1 for tweet, $1 for twit follow).

So, that makes it a little better, but again, I am not mining for instant ROI on my HUGE $5 investment.

If I mine 1 XMR with it, and XMR returns to the glory days of $5 value, I break even.  Value beyond that is profit.  Not a get-rich-quick scheme, but rather a hobby and possible long-term ROI.
You get the idea.

[Drhiggins]

I've asked this question in a few other threads but have gotten no responses.  Is there anybody that knows of an Android miner for phones?  I have a few old Android phones laying around and would be curious to mess around with it see what they could hash.

[forevernoob]

I've asked this question in a few other threads but have gotten no responses.  Is there anybody that knows of an Android miner for phones?  I have a few old Android phones laying around and would be curious to mess around with it see what they could hash.

If you can get Linux on them phones you can try and compile Lucas miner.
Don't know if it'll work or not but worth a shot.

[coinits]

In the future, will every computer on the planet automatically smart-mine the most profitable CPU coin while idle?

Why not? Let hardware pay for itself. Let your router sell WIFI by the kb to people passing through your urban neighborhood. Let your CPU mine XMR. Let your HDD rent out space on Storj.

A new era of hyper-efficiency.

To keep in the mining frame of mind, use your hard drives to mine BURST. I mine BURST with my drives and XMR with my 750 TIs and 660 TIs. They run 24/7.

[Blazin604]

In the future, will every computer on the planet automatically smart-mine the most profitable CPU coin while idle?

Why not? Let hardware pay for itself. Let your router sell WIFI by the kb to people passing through your urban neighborhood. Let your CPU mine XMR. Let your HDD rent out space on Storj.

A new era of hyper-efficiency.

To keep in the mining frame of mind, use your hard drives to mine BURST. I mine BURST with my drives and XMR with my 750 TIs and 660 TIs. They run 24/7.

Hello all I am new to XMR...what is your guys vision for this coin?

[coinits]

In the future, will every computer on the planet automatically smart-mine the most profitable CPU coin while idle?

Why not? Let hardware pay for itself. Let your router sell WIFI by the kb to people passing through your urban neighborhood. Let your CPU mine XMR. Let your HDD rent out space on Storj.

A new era of hyper-efficiency.

To keep in the mining frame of mind, use your hard drives to mine BURST. I mine BURST with my drives and XMR with my 750 TIs and 660 TIs. They run 24/7.

Hello all I am new to XMR...what is your guys vision for this coin?

[GingerAle]

sweet, didn't know monero had a mascot.

vision - usable untraceable cryptocurrency.

[smooth]

sweet, didn't know monero had a mascot.

Thanks to our, er, friends at hitbtc

https://twitter.com/hitbtc/status/482546301272608768

[GingerAle]

Just wanna preach to the choir here

https://www.youtube.com/watch?v=pcSlowAhvUk&t=4m18s

(TED talk about privacy / surveilance)

[stslimited]

I am very interested in building out the infrastructure of Monero

documentation is key and cryptonote lacks it

[GingerAle]

what type of infrastructure?

your best bet for realtime response is to make your way to IRC, #monero-dev or #monero

I've been poking around here for a while though so might be able to point you in some direction. A lot of worthwhile info can be found in the OP. And if you're talking infrastructure, meaning code, i'm sure you can have a field day with the github. 

[stslimited]

i'm sure you can have a field day with the github. 

what would take a "day", would take only a few hours, with documentation