Best CPU Mining Guide for Crypto

Best CPU Mining Guide for Crypto

Have you ever wanted to mine crypto from your CPU? Monero Mining is probably the best option with the current computer specs out there. Enjoy this guide as we deep dive into monero mining and the hardware you need to succeed. 

Monero is a popular cryptocurrency that is based on the Cryptonote algorithm. Based on the current market cap, Monero is comfortably placed on top of the 10 best cryptocurrencies in the market. Mining cryptocurrencies is a profitable venture if done in the right way and if you are part of the best mining pool. Monero mining is also considered to be highly profitable because of the fact that it is based on the cryptographic algorithm and it is also resistant to ASICs mining. What it means is that you don’t need to invest heavily in any monero mining hardware, but you can start mining monero with just your CPU or GPU.

monero mining hardware

Why Monero Mining is Profitable?

  • The price of monero is highly volatile and if you are experienced and strike at the right time, you can make huge profits during the price jumps.
  • Monero is also regarded as one of the most expensive altcoins currently available in the market.
  • Monero can also be exchanged for fiat money.
  • You can also trade monero with money exchangers.
  • Since Monero is based on the Crypto Note algorithm, monero cpu mining consumes less power when compared to mining other cryptocurrencies.
  • Requires less hardware when compared to ethereum mining hardware.

 

Things You May Need to Mine Crypto Coins

  • Coin Wallet: the coin wallet helps you keeping a ledger of all your transactions and also keeps track of all your earnings.
  • Mining Software: A mining software acts as a bridge in connecting your monero mining hardware along with the mining pool and a blockchain.
  • Mining Pool Membership: If you are planning for mining monero, one of the best coin for cpu mining, then first you need to decide whether you are going to join a mining pool as solo mining can be slow and less profitable whereas when you join a mining pool, you could benefit from combining all systems of the computers to increase your mining power and in turn increase your profitability.
  • Online Currency Exchange Membership: Cryptocurrencies can be exchanged for flat money and only if have a membership with some online exchange can you exchange all your virtual coins for real cash
  • Reliable Internet Connection: You definitely need a full-time and reliable internet connection with a minimum speed of 2Mbps or more
  • A Computer: You can use your existing desktop for mining or can also use a custom built computer that is only dedicated for mining, if you are looking to go all out with mining. Even though laptops can be used, they are not as effective as a desktop.
  • Cooling System: Mining can consume a lot of power and also generate a lot of heat. Hence, you need to have a dedicated fan or an air conditioner to cool down your system

 

Are you interested in making more money with Crypto? Watch this Video! 

 

Step by Step Guide for Monero CPU Mining

 

  • Get a Monero Wallet

Make sure that you access to a Monero Wallet. If you still don’t have an account, click the link here My Montero and create a new account. My Montero is one of the best Montero wallet out there and is an easy to use web interface that allows you safely transact Montero, one of the best coin for cpu mining. Once you register, you’ll be sent a password, make sure to store it safely somewhere as without it, you cannot access the wallet. Also, make sure to copy your XMR address.

monero wallet

  • Install Mining Software

Next thing you need is to have a mining software installed in your computer where you’ll be mining Montero, one of the best coin for cpu mining. In this guide, we’ll be explaining using XMR-STAK mining software as it provides the best results and the user interface is also pretty much simple and easy to use. You can download the software from this link here.

The recent release from XMR STAK is welcomed by many miners as you can just download and install the XMR STAK software without need to worry about the hardware you will be using for mining.  Installation and setting up XMR Stak is easy and for this guide, we’ll be assuming that you’ll be using Windows OS for the mining process. But there are also versions available for both Mac OS and Linux as well. All you need to do is download the software from the link provided above and unzip the contents of the file into a folder and just run the application.

 

  • Join a Mining Pool

Now you have access to a Monero Wallet and downloaded and installed the mining software, it is important that you join a mining pool. Often solo mining doesn’t offer much rewards and is you are seriously looking to cash in with the best coin for cpu mining, Montero, then you definitely need to join a mining pool to get some regular income from cpu mining.  When it comes to mining pools, there are several available and we’ve provided some of the best pools available below:

  • MineXMR (1% pool fee, 0.5 XMR Minimum Payout)
  • Moneropool (0.5 XMR Minimum Payout)
  • Nanopool (1% pool fee, 1 XMR Minimum Payout)
  • Dwarfpool (1.5% pool fee, 0.008 XMR Minimum Payout)

 

Join a mining pool of your choice and once you start XMR Stak, the mining software, you’ll be asked whether you want to mine Monero or Aeon. Choose Monero and then it will ask for the pool address and you need to provide the address of the pool you’ve joined. Then it will ask for your wallet address.

  • No. of Threads

Next step is to finalize the number of threads you may need to use for mining. For that you need to know the cache limit of your CPU and the number of cores it contains. Say for example, if you have CPU that has cache size of 4MB and contains 4 cores. So in order to know the number of threads you want to use, you need to divide the size of your cache by 2MB and hence for a 4MB cache you can use only 2 threads as 4MB/2MB = 2. Hence, you can use only 2 threads for the mining process.

 

There is also another scenario where if you have the number of threads and the number of cores as the same number, then you need to subtract 1 from the number of Cores. So if you have 16MB cache and Cores, based on the above calculation, the number of cores will come to 8 and since you have 8 cores too, the number of threads need to be lessened by 1 and so the number of thread you would be using here is 7.

 

  • Edit the Config File

Next step is to edit your configuration file to provide the number of threads you will be using along with the wallet address. And if you are looking for cpu mining, then you need to go to the folder of the mining software and edit the file named “cpu” and in the section “cpu_threads_conf” add the values like these:

“cpu_threads_conf” :

[

{ “low_power_mode” : false, “no_prefetch” : true, “affine_to_cpu” : 1 },

{ “low_power_mode” : false, “no_prefetch” : true, “affine_to_cpu” : 2 },

{ “low_power_mode” : false, “no_prefetch” : true, “affine_to_cpu” : 4 },

{ “low_power_mode” : false, “no_prefetch” : true, “affine_to_cpu” : 5 },

{ “low_power_mode” : false, “no_prefetch” : true, “affine_to_cpu” : 6 },

{ “low_power_mode” : false, “no_prefetch” : true, “affine_to_cpu” : 7 },

],

If you have 8 cores, you will adding something similar like the ones above in your cpu text document under the “cpu_threads_conf” section.

 

  • Start Mining

And that’s it, you are ready with all the monero mining hardware and software and just double click on the “xmr-stak-cpu” exe file to load the software and you have successfully started your mining process.

monero mining

Are you interested in making more money with Crypto? Watch this Video! 

Want to Boost Your Mining Process

If you really want to boost your mining process, then you need to enable large pages in your system. Enabling large pages is not an easy task and would be simple if you know some kind of system administration.  But even then it can be done, if you follow the instructions carefully provided in the config file under a separate section names “Large Page Support”.

If you want to take it to the next level again? Invest into some serious mining hardware. Below is a basic setup that can be purchased from Amazon for a few thousand bucks. Of course with this sort of investment take your time and due your research.

  • Accesories

If your looking to get into this in more detail, check our 1080 TI GPU mining rig guide. 

 

How Monero is better than Ethereum?

Monero is far better than Ethereum in a lot of ways:

  • When it comes to security, Monero is one of the best coin for cpu mining that provides the maximum privacy and security.
  • With Monero, the cryptocurrency is completely untraceable and only you are the one responsible for all your transactions and funds.
  • Completely decentralized cryptocurrency.
  • All transactions are confidential.
  • No one will be able to find the origin, destination and the amount of any transaction.
  • It is not possible to link any cryptocurrency transaction to any real-world transaction.
  • Many choose monero mining hardware to mine Monero instead of mining ethereum as the heat generated by ethereum mining hardware is way too much than Monero.
  • Noise level is also a bit higher with ethereum mining.
  • And the high heat levels in Ethereum mining can lower the lifetime of your ethereum mining hardware.

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