Can u mine Monero with ASIC?
The process of Monero mining is designed in such a way that it does not allow miners with ASIC hardware to gain a competitive advantage. The algorithm it uses is ASIC resistant, which levels the playing field for all participants in the Monero network.
Can you use Antminer to mine Monero?
Can I use Antminer S9 for mining Monero? No. The “S” in the model name stands for “SHA-256” (Bitcoin, Bitcoin Cash and some others). And the “9” stands for “not profitable” (the model is too old, it can’t compete with the new ones like the S19, you’ll pay more for electricity than you’ll earn in BTC or BCH).
What Crypto can you mine with ASIC?
ASICs used in mining incorporate microprocessors that are specifically made and suited for mining Bitcoin, Litecoin, Ethereum Classic, and other cryptocurrencies that use proof-of-work algorithms. This device contains several microprocessors combined in a circuit.
What is the best miner for Monero?
AMD Ryzen Threadripper 3990X – Best of All Monero Mining CPU And with the AMD Threadripper 3990X, you can expect performance at its peak with 64 cores and 128 threads. The monerobenchmarks has claimed to achieve over 60 KH/s hashrate with this CPU while mining Monero on the XMRig algorithm.
Is Monero on Coinbase?
Monero is not supported by Coinbase.
How long does it take to mine 1 Monero?
As of Monday, March 21, 2022, it would take 419.6 days to mine 1 Monero at the current Monero difficulty level along with the mining hashrate and block reward; a Monero mining hashrate of 4,200.00 H/s consuming 450.00 watts of power at $0.10 per kWh, and a block reward of 2.15 XMR.
What algorithm does Monero use?
Monero uses a proof of work algorithm, RandomX, to validate transactions. The method was introduced in November 2019 to replace the former algorithm CryptoNightR. Both algorithms were designed to be resistant to ASIC mining, which is commonly used to mine other cryptocurrencies such as Bitcoin.
Is Monero mining profitable 2021?
Is Monero mining still profitable? Not right now. Mining Monero is not profitable at this time with the mining hardware hashrate of 4,200.00 H/s, electricity costs, and pool / maintenance fees provided.
Is it worth buying an ASIC miner?
The general consensus is that it’s not worth it to buy an ASIC usually, but that is upto you. it’s worth it if you can profit based on these three main factors: Excess energy: wasted energy can be recycled into bitcoin to increase profitability.
How much does Antminer s19 make per day?
This cost has included all solar panels, power controls, batteries, and the Antminer S9 ASIC processor. When fully operational, each miner brings in a profit of about $18 per day.
Is mining Monero worth it 2021?
Mining Monero is not profitable at this time with the mining hardware hashrate of 4,200.00 H/s, electricity costs, and pool / maintenance fees provided.
What hardware is best for mining Monero?
The best hardware to mine Monero is a CPU. You can also mine with GPUs, albeit less efficiently. You cannot mine Monero using ASIC or FPGA machines.
Why is Monero not on Coinbase?
Coinbase CEO explained on a podcast why the exchange hasn’t listed Monero. CEO Brian Armstrong said regulators have expressed discomfort with privacy coins. He said they have a more conservative approach to listing than Binance or Kraken.
Why is Monero not supported by Coinbase?
Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States.
How much Hashrate is needed to mine 1 ETH?
As of Monday, March 21, 2022, it would take 29.7 days to mine 1 Ethereum at the current Ethereum difficulty level along with the mining hashrate and block reward; a Ethereum mining hashrate of 2,500.00 MH/s consuming 1,200.00 watts of power at $0.10 per kWh, and a block reward of 2 ETH.
Does Coinbase have XMR?
Monero is not supported by Coinbase.
Does Monero use CPU or GPU?
An ASIC can cost anywhere between $600 to $1000, which has made Bitcoin mining unattractive for anyone except professionals. Fortunately, Monero mining doesn’t require you to purchase an ASIC. Instead, Monero mining can be carried out using your computer’s CPU/GPU.
How long will it take to mine 1 Monero?
As of Tuesday, March 22, 2022, it would take 427.6 days to mine 1 Monero at the current Monero difficulty level along with the mining hashrate and block reward; a Monero mining hashrate of 4,200.00 H/s consuming 450.00 watts of power at $0.10 per kWh, and a block reward of 2.15 XMR.
How much money do ASIC miners make?
In February 2022, one Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $12 in Bitcoin revenue every day depending on the price of bitcoin.
Is it better to mine with GPU or ASIC?
This specialized hardware makes GPU mining largely unprofitable for leading Proof-of-Work assets like Bitcoin. ASIC mining machines are typically more expensive, louder, and more power intensive than GPU machines. But they generally require less maintenance and offer more efficient power use.
How profitable is Antminer S19 Pro?