MoneroV Monero Hard Fork – What you need to know

MoneroV

With Monero having excellently maintained its reliability when it comes to private transactions, it is no wonder that it ranks amongst the top cryptocurrencies today, along with Bitcoin, Ethereum and Litecoin. But in the case of hard forks, how are such currencies affected? Earlier on, we saw Litecoin Cash (LCC) and even before that, Bitcoin Cash (BCH). However, one key difference between those two is each coin’s direct connection to its ancestor; Litecoin Cash (LCC) did not receive any official approval of the Litecoin community and therefore, it immediately rose suspicions. In a way, the same applies to MoneroV. According to Monero’s official statement:

“It is important to realize that the security of the Monero network and your own Monero is dependent on the security of your Monero keys. Your Monero keys are MONERO keys. Do NOT use them for any other purpose, including claiming coins from a Monero fork. Using your keys to spend the same outputs twice on different forked blockchains will damage your privacy, and others’, as both spends, will bear the same key image, but different rings, with only your spent output in common (this does not impact stealth addresses nor confidential transactions, just ring signatures). Moreover, by using such a “same keys” fork, the security of your Monero private keys now depends on those third parties.”

For Monero’s die-hard fans, MoneroV, despite its additional features, will most likely not provide for a direct replacement. An advanced privacy coin with extra add-ons, more governance, less spam and botnet mining, MoneroV has a limited supply of coins while Monero’s coin supply is infinite. That sounds interesting, but it would be even better and more trustworthy if it was supported by Monero’s official team as well; something that in this case, isn’t happening.

MoneroV Hard-Fork Date

In depth, MoneroV states:

“Bitcoin’s 21 million maximum coin supply was introduced specifically to avoid having a body that controls the money supply, completely restricting future inflation and devaluation of Bitcoin coins.Based on this merit alone, Monero would never be able to compete with Bitcoin as the world’s best digital currency, since the idea of infinite coin supply is the incorrect intuition. MoneroV adheres to core Austrian school of economics principles and caps the total amount of XMV coins that can be created to 256 million. The initial coin amount in circulation at the time of the hard fork would be 10 times the amount of XMR coins ( ~158 Million). XMR holders prior to the hard fork will receive 10 times the amount of XMV coins.”

Scam

There’s still a lot to be improved since MoneroV’s claims on devaluation still leave a lot to be desired. Devaluation cannot only happen due to a coin’s maximum supply; on the contrary, there are many factors to consider, most of which cannot be predicted in the short term. But apart from that, there’s been a rumor about censorship on its respective communities. And such a thing can never lead to great results.

In general, as with Litecoin’s hard fork earlier on, MoneroV is not officially approved and therefore, not to be trusted. Its features may as well prove to be beneficial, contributing to Monero’s network, but still, there is no official affiliation with Monero. Things do tend to get complicated after a hard fork, but in most cases, it’s just another attack on the initial coin.

Best Monero CPU Mining Cards 2018 – Top 5 CPU Mining Cards

XMR Mining CPU

With a steady rise of new coins entering the market each day, mining profitability has been a huge topic all around. From Bitcoin, the current crypto giant, to other altcoins such as Monero, Iota and Cardano, a major thing to consider when it comes to mining is the systems they run on; Proof-Of-Work (POW), Proof-Of-Stake (POS) and Tangle are all systems that continually push the cryptocurrency world to new exciting territories. That is not to say that they don’t come with pros and cons though. One will have to be heavily invested in mining gear if he was to mine Bitcoin for instance, which runs on a Proof-Of-Work system. That means the block reward is distributed to those with the greater hashing contribution to a great extent, thus making it pretty hard to make a profit with a standard CPU/GPU mining rig. But what if one was to mine altcoins instead with a pretty basic setup?

This is where mining becomes rather interesting. With Monero (XMR) having been Minergate’s first choice when it comes to mining profitability, more and more coins can be mined using a budget mining rig and actually prove to be profitable. But what would it take to build a mining rig on a budget? Apart from GPUs, which are now the main source of hashing power, we shouldn’t let aside the fact that we can also use a good CPU setup to our advantage as well, enhancing our total mining performance as a whole. So what makes a CPU good for mining purposes?

Taking a look at Monero Benchmarks (http://monerobenchmarks.info/), the Intel XEON series provides for an excellent base to run a mining setup. Both the E7-8867L and the E5-2665 prove to be quite powerful, while also considering the E7-8890’s 1483 h/s hashing power and 165 W power consumption when running on an Ubuntu 16.10 operating system. But let’s take a closer look at some of these models.

Top 5 Best Monero Mining CPU Hardware

  1. INTEL XEON CPU E7-8880 V3

    xmr mining intel xeon processor e7 8800 v3

    Processor Base Frequency: 2.30 GHz

    Total Hashing Power: 1500 H/S

    Total Power Consumption: 150W

    With an excellent energy efficiency of 150 W, the Xeon E7-8880 provides for a perfect solution, reaching a total of 1500 h/s. Though quite expensive, combined with a GPU set (see the respective article), mining Monero on a rig like this can be one of the best setups to build upon.

  2. INTEL XEON E7-8867L

    xmr mining intel xeon e7 8877L

    Processor Base Frequency: 2.13 GHz

    Total Hashing Power: 310 H/S

    Total Power Consumption: 105W

    With an additional option to even run a multiple CPU setup, the Xeon E7-8867L is also another piece of gear to consider. For a relatively low price, a single 8867L can reach 310 h/s and combined with a Vega GPU, it can make for some interesting results.

  3. INTEL CORE i7-6700HQ

    xmr mining Intel-Core-i7-6700HQ-6th-Generation

    Processor Base Frequency: 2.60 GHz

    Total Hashing Power: 96 H/S

    Total Power Consumption: 45W

    Running on 4 cores with a base processor frequency of 2.60 GHz, the i7-6700HQ can reach 96 h/s, making it one of the best choices right now when mining on a budget. Along with the i7-4700HQ, which comes at 130 h/s, these two are definitely worth checking out.

  4. INTEL XEON E5-2665

    xmr mining intel_xeon_processor__5_2

    Processor Base Frequency: 2.40 GHz

    Total Hashing Power: 416 H/S

    Total Power Consumption: 115W

    Though a bit on the pricey side, the E5-2665 is quite a piece of gear to be left out of any mining gear list. Its 416 h/s hashing power makes it one of the best models available as it can pay off rather fast. With a total of 12 threads and a 115 W power consumption, it is one of the most energy-efficient CPUs out there.

  5. INTEL CORE i7-7700K
    xmr mining intel core i7 7700k

    Processor Base Frequency: 4.20 GHz

    Total Hashing Power: 360 H/S

    Total Power Consumption: 91W

    The i7-7700K can be your safest choice when it comes to mining on a budget. Combined with a 1080Ti GPU, the results can be quite outstanding, as Monero (XMR) is mined smoothly on a rig like this. With the i7-7700K priced in the affordable CPU range, it provides for an excellent setup, with the CPU alone reaching 360 H/S when overclocked.

Conclusion

Choosing a steady and reliable mining rig, whether built on a dedicated computer or one designed to mine on the side, a good CPU-GPU balance can prove to be of great importance for to produce some decent results. With the world of cryptocurrency mining growing all the more each day, it is an exciting time indeed to be involved; the fact that a lot of new coins move towards more basic mining structures provides for a great time for one to get started. CPUs that can be used for that manner can range in terms of pricing, such as the excellent INTEL CORE i7-7700K (which is actually our safest choice when being on a budget), to the more advanced INTEL XEON CPU E7-8880 V3, which is capable of producing some outstanding results. Happy mining!

How to Use Coinhive Monero Mining 2018

coinhive logo

What is Coinhive, and how is it useful to me?

If you are reading this article, you may already know what you plan to use Coinhive for but if you don’t, fear not! I am going to go over each of the use cases for Coinhive in this article.

So what IS Coinhive anyways? Well, as it says at the top of their website, it is “A Crypto Miner for your Website”. That sounds simple enough. But how do you actually use it?

All the services that Coinhive provides are implemented into a website via Javascript API. If you are not a web developer and have no idea what that means, it just means that you have to add some extra lines of code into your website’s code to use Coinhive’s services.

Coinhive advertises the following features after you have an account with them:

  • Proof-of-work (PoW) Captchas, these are like the typical captcha except they use your CPU to do some hashing work to verify you instead of having you type letters or pick the correct image like traditional captchas.
  • PoW Shortlinks, if you have ever seen a URL shortener (like goo.gl or bitly) then this is all that it is, except that before it takes you to the link, it has your CPU solve some hashes.

These functions are provided using their base functionality, which is a web miner for Monero. The reason that they chose Monero is that it can still be mined relatively effective with only your CPU. Their web miner program seems to be about 50% effective as to a normal mining program (as reported on their website) but they are working to improve that efficiency gap.

All the other things you can do with Coinhive are more open-ended. They are just providing the service to facilitate your ideas. You implement their API to use their miner and payment infrastructure, and you come up with the rest. This means you can use it to do pretty much anything, such as replace traditional ads on your site with mining time or use it as a way for users to gain in-game currency on your website/game (this is one of their examples). Some people have even used this to create an unofficial Chrome extension that you can use to mine Monero for yourself using your own browser.

Coinhive has a very good website to read through if you want to learn more, especially about the API documentation. If you are planning on using Coinhive on your website, definitely check out their API docs here: https://coinhive.com/documentation

Next, we will do a quick demo on creating an account and what the different screens on their site look like!

How to Mine Monero – a Quick Demo/Tutorial

When you first get to the website, this is what the homepage looks like:

Coinhive Mining Page

As you can see, I hit “Start” on the web miner widget so that you would be able to get a feel for how it looks when you are mining. You can change how many threads you want to use, and how much % of your CPU you want to use as well. It will show you how many h/s you get, and your total hashes, along with a neat graph of your hashrate. This is really just a demo on what the miner looks like, and isn’t meant to be used to mine 24/7 or anything. You could do that if you wanted to though.

If you sign in and let the miner run, you will start to accrue a balance. You can see this by going to your dashboard, by clicking the dashboard tab after signing in. Here it is:

Coinhive Mining Dashboard

If you are signed in and start mining on the homepage, it will show your hashes from there under “Your Site” by default. You can also use that open miner button and it will open a web miner that you can actually leave open more easily. It will look like this:

Coinhive Mining close up

There are more things on the dashboard screen, but not anything we need to go super in depth into for a basic tutorial. Moving on, we can also look at the shortlinks tab if we want to create a shortlink:

coinhive Shortlinks tab

The settings here are fairly straightforward, you can use this screen to create shortlinks that will mine for you when people click on them.

Coinhive Withdrawing

The last thing you need to know about is the withdrawal settings page. Here it is:

coinhive payment settings

This is probably the most important page, as you need to fill this out to be able to get paid! You can give it your Monero wallet address that you want to be paid for, but only if it does NOT need a payment ID, as it explains in the red text. I don’t know why they couldn’t make it compatible with payment IDs, but it just isn’t, so be aware of that.

As a result of this technicality, Coinhive recommends setting up a wallet with myMonero.org and offers a direct link to that website.

Also, notice that unless you set your minimum payout to higher than 0.5 XMR or greater, you will be charged any fee whatsoever. However, you must meet the minimum withdrawal of 0.02 XMR. If you request between 0.02 and 0.5 XMR you will be charged a flat fee of 0.005 XMR. That is not a lot, but it will add up over time. If you can’t afford to pay that extra fee, then make sure you set your minimum payout correctly.

That’s about it for how to use the site, with that you should be able to at least mine by yourself and have a basic knowledge of how the site components work.

Coinhive Chrome Extension

There is a Chrome extension that you can use to mine Monero in your browser, but it is not an official Coinhive extension. Some random guy wrote it and is probably taking a cut of whatever you mine with the extension, on top of the cut that Coinhive already takes. The extension still requires you to have your own Coinhive account to mine, so there is really no point to use it when you’ll likely get less for doing so. Just leave a miner tab open if you want to mine with your browser for yourself!

Keep in mind that when running your computer at 10 h/s and 100% speed you are going to run your computer CPU to 99%. After several tests we discovered that a thread of 4 h/s and 40% will keep your computer functional, cool, and able to run the miner day and night without damaging anything.

If you really do want to use it, then all you need to do is make a Coinhive account as discussed above, download and install the extension from the chrome store, and follow the extensions instructions from there. It will be about the same difficulty as setting up your Coinhive account to mine by itself in the browser, and will just earn less most likely.

Coinhive Review

Overall a miner that works on a web browser tab while you are surfing the net, watching a movie, or doing almost anything is pretty awesome. However, the Monero coins will not just be flowing in on the personal miner alone. In fact, it will take up a lot of energy to run the web broswer all the time. We recommend that you set up short links and strategically place them on your other websitse for other people to open them and cause hashing.

Nothing beats free however, and this is the easiest source for Monero mining we could find, and it is free.

PROs:

  • Relatively easy to start mining by yourself
  • API is pretty intuitive to use if you have any JS experience at all and has decent documentation
  • Good website functionality
  • Open-ended

CONs:

  • Requires programming skill for anything more than solo browser mining
  • Only get 70% of what you mine, Coinhive takes a flat 30%
  • May not even work economically for smaller sites (this is addressed on their homepage)
  • Web miner is not super efficient

Coinhive is a great and easy to use service! Whether you are a new Monero miner just looking for a super easy way to mine, or a website developer looking to operate on a large scale, Coinhive has a way for you to do what you want to do, and in a pretty simple way.

How to Use Minergate Monero Mining 2018

Welcome to this tutorial and review on how to use the Minergate mining pool to mine Monero. The following topics will be discussed throughout the tutorial:

  • Explanation of what mining is, including how it works on your computer versus how the pool works and why you should use the pool
  • How to start mining Monero using Minergate
  • How to withdraw your mined Monero to a wallet
  • Other Minergate info that may interest you, like special offers or promos
  • Pros/Cons of using Minergate

What is mining? How do pools work?

When you “mine” any cryptocurrency, all that means is that your computer is using some kind of mining program to solve complicated mathematical equations. When your computer completes one of these calculations, that is called a hash. The hashes that your computer generates are possible solutions to what the hash value(unique identifier) of the next block on the blockchain is. A block is just a collection of transactions and some data about those transactions and the block itself, such as the date or time the block was mined. This is where the money comes in. If you or your mining pool finds the hash solution for the next block in the chain, then you get paid the block reward! The current block reward at time of writing is around 6 XMR (XMR is the ticker for Monero), but the block reward goes down over time until it reaches a set amount (.3) in a few years to prevent too much inflation.

In the paragraph above, I mentioned that if you OR your pool finds the block solution, you get the reward. It is possible to mine by yourself, and if you find the solution then you get to keep all of that Monero. The reason that not many people do that is that unless you have a lot of hashing power (hashes per second, aka hashrate) it is highly unlikely that you will find the solution. This is why you join a pool!

When you join a pool, you send your hash results directly to the pools servers, along with all of the other miners connected to the pool. When everyone pools their resources like that, it becomes likelier that the pool as a whole will find a valid solution. If they do, you get paid based on how many valid shares you sent to the pool since the last block was found!

Shares are calculated based on a payment algorithm that takes into account how many hashes you send, the difficulty you send them at, and whether they could be valid solutions or not. This basically all means that mining on a pool gives you a higher chance that you will earn some Monero, but it will only be in small amounts at a time.

That may not sound great, but it really is the most efficient way to mine unless you have extremely large amounts of hashing power(hundreds of thousands of hashes per second).

What you need to get started–

You have to first ask yourself this question: How good is my computer at mining? There are lots of different algorithms that different cryptocurrencies use to mine. Monero specifically uses Cryptonight, which is ASIC-resistant (an ASIC is a cost-efficient, extremely effective piece of mining hardware) which just means that it is still somewhat profitable to use your CPU to mine if that is your only option.

As with most coins, it is more effective to mine Monero with your GPU (Graphics card) as long as you have a Nvidia or AMD GPU. Read more about the Top 5 Best Monero GPU cards for 2018. Usually, AMD cards are better at mining Monero, so if you have one of those you are in good shape. But it all depends on the type of card for both brands, they all get different hashrates. A good website to use to see what hashrate your hardware will get is monerobenchmarks.info. They have both CPU and GPU hashrate reports and it is all easily searchable.

Aside from hardware, software can play a part in your mining capabilities as well. The easiest operating system to mine on is Windows 10. It requires little setup to start mining and gets better hashrates than windows 7 or 8 by default most of the time. Using Linux to mine can be more effective since you use your resources more efficiently, but can be more difficult to set up correctly. In both OSes, there may be other settings that you can change to increase mining speeds that most people don’t even know exist, some of these are even dangerous to mess with if you don’t know what you are doing. The more computer literate you are, the better you may be able to get your hashrate if you do it right. That being said, anybody who has a computer should still be able to follow this guide to setup a basic miner and start mining Monero.

Minergate – the Beginner’s Tool

When you first arrive at www.minergate.com, you should see a screen that looks like this:

Minergate Getting Started Homepage

If you do not speak English, the website is available in a variety of languages. You can switch your site language by clicking the dropdown with the country flag on it at the top of the screen. Here is a screenshot that shows how to do that, and what languages are available:

Monero Minergate Language Options

Once you have selected your language (if applicable) then you can hit the sign up button in the top right corner. Once you have signed up with your desired username(email) and password, it will take you to this downloads screen:

Minergate Sign up Screen

I am using Windows 7×64, but the website should detect whatever operating system you are using and give you the proper download link. Make sure you pick the right version! An x64 miner won’t work on an x32 system, and possibly vice versa. This tutorial is for the GUI Miner because it is easiest for beginners to use, however, Minergate does offer a cli (command line interface) miner program as well. It is harder to use than the GUI (graphical user interface) for beginners, but more advanced miners may want to consider it.

After you download/run the installer and open the application, it should look like this:

Minergate Application

At this point, you can either just enter your email and hit start mining, or you can choose an extended mode and give it your password as well to get access to your wallet in the client. There is also that proxy settings button at the bottom, most people don’t need to use that. If you think you do need it, then you probably already know how to use it!

Once you have logged in, you will most likely see a screen that looks something like this:

Minergate Start Mining Home Page

You could just hit start mining here, but if you only want to mine Monero, then you have to disable the other currencies that Minergate can mine first. Click on the View Tab on the top of the screen, and you will see this dropdown box:

Disable Minergate Currencies

As you can see, there a bunch of currencies that are not Monero that have their checkboxes checked. You will want to uncheck all of them except for Monero (XMR), then you can start to mine! You can either go back to the smart miner page and hit start mining, and it will look like this:

Minergate Activation Complete

From there you can change how many CPU cores you want to use in the CPU miner. It will also show you some other useful info about your mining, like how many shares you have submitted, the difficulty, your unconfirmed balance (the Monero that Minergate owes you, but first a certain number of blocks have to be verified before you can withdraw the unconfirmed balance) the payment method, and the dual mined coin if applicable. The smart miner will choose all the settings for you. If you want to do it manually, click on the Miner tab, and it will look something like this:

Minergate Settings

At this point, you can choose the number of cores, and what coin (or no coin) to use for merged mining. Once you choose the settings hit start mining and it will look like this:

Minergate Cores

If you want to use the Minergate miner program, but not the Minergate pool (for whatever reason), you can go back into the view tab and make sure that the “Show other pools” box is checked. Once you do that, click on the Other Pools tab and it will look like this:

Register for Minergate Program Only

From this screen, you can choose the display name of the pool (only visible to you, you can give a display name of whatever you’d like) the Pool URL (also sometimes known as the Stratum Address), and the pool login/password if applicable, this is usually just “x” (the program will sign in with your wallet address automatically, from what I can tell you are never allowed to see your own wallet address) and hit add pool. If it works, it will look like this:

Minergate how to add a pool

Then you can just click start mining to mine on that pool!

After you have mined for a while, and you are ready to withdraw your balance to a real wallet, or an exchange, or wherever, just click on the wallet tab to get to this screen:

Minergate Withdraw Monero

Be careful here, if you hit that show all button on the left side, you are going to have to go to the view tab and uncheck all the other currencies again.

From this screen, you can see your confirmed balance as the top number in black, and your unconfirmed balance in grey below that. The difference between confirmed balance and unconfirmed is that for your unconfirmed balance to become confirmed, it has to be ensured that the block containing the transactions that owes you that Monero doesn’t get orphaned (orphaned is basically when the chain changes direction or another block gets verified at like the exact same time, so one of them “loses” and becomes orphaned. Its relatively rare though) so basically it just takes time. After a certain number of blocks/block confirmations (Minergate doesn’t seem to advertise the number of blocks it takes, but for most pools, it is 60) then your unconfirmed balance should be confirmed, and you can begin the withdrawal process. To do so, click the blue withdraw button.

Here, you can choose the amount to send, the address to send it to, and the optional payment ID field. I’ve sent Monero without a Payment ID and had it go through, so it is truly optional. If you think you may need it, you may want to do more in-depth research on it to make sure you use it right. After you fill out the amount/address/ID, the Dynamic fee will be calculated. The dynamic fee is not just the network fee, it also includes all the fees that Minergate charges you for withdrawals. This means that if you think you have enough for a payout, you may not actually have enough because of transaction fees. The more XMR you withdraw at once though, the less overall transaction fees you will pay. So try and go for less frequent but bigger payouts to get the most out of your mining! Once you fill out all the info, put in your password to verify the withdrawal and hit the withdraw button.

You can also see on that screen that Minergate is from the makers of Changelly. You can use services like Changelly or ShapeShift if you want to turn your Monero that you mine into other coins, like Bitcoin. You can even send your coins directly to those conversion sites from your Minergate wallet!

That is just about all of the info you will need to start your basic mining setup with Minergate!

Miner Benefits/Other Features

Minergate has some other features as well, that not many people may know about or use! Some of these things are on their website, and some are right in the miner software.

We have already looked at a lot of screens within the software, so let’s finish that out first! If you click on the benchmark tab, you can see how well your computer will mine various computers compared to the average of all the computers people have benchmarked! Here are some screenshots of how it works:

Minergate benchmark scores

minergate benchmark total score

This tool can be useful to see what other coins you can mine if you ever decide to stop mining Monero. Other than that, it is just an extra thing that is nice to have.

Minergate also has an achievement system, that can be both fun and be rewarding to complete. They promise some sort of mystery reward if you get all the achievements! You can get to this screen by clicking on the achievement tab:

minergate achievement rewards

The last thing in the miner software that you’ll likely be clicking on is the support tab. When you click this, it opens up the Minergate FAQ/support page in your web browser.

You can search the FAQ here, and also submit a support request/question. Super useful if you need some extra help getting started!

As for other website features, there a bunch that some miners may be interested in! One of the best ones looks like the affiliate program, you can earn rewards for inviting your friends to mine with Minergate! This is what it looks like:

minergate invite friends

They also offer cloud mining services for if you want to rent someone else’s hardware to mine for you. The upfront cost is kind of high, but it may be worth it for your convenience if that is something you are interested in. Here’s what that screen looks like, you can pick how much hashrate you want and for what coin.

minergate renting equipment

If you are curious about what you may earn with your miner, or if you were to rent some hashrate, Minergate also has their own calculator! Just put in your hashrate, and for what algorithm (Monero uses Cryptonight), and it will tell you how much you can make!

For anyone who wants to get social while they mine, if you are logged in then you can participate in the Minergate chat from the homepage. Looks relatively active too!

minergate live chat

And lastly, they do have a link at the bottom of their website for a mobile version of the Minergate mining software! It looks like it may be Play store only, so no iPhone mining most likely. But it is there! Some phones can even get up to like 30-50 h/s!minergate android app

Overall Review of Minergate

PROs:

  • Easy to download and setup for a beginner
  • Has a nice-looking User Interface (UI) compared to most miners which usually command line interface (CLI)
  • Lots of features, both on their website and in the mining software itself
  • Has a mobile mining app
  • Can mine multiple coins all at once, and can dual mine certain coins which can be more cost-effective for getting the most profit out of your resources
  • Can show or hide coins you do or don’t care about

CONs:

  • Most of the Monero community hates Minergate because it has been reported to be possibly stealing part of your hashrate without telling you. More info here: https://www.reddit.com/r/Monero/wiki/avoid
  • GPU Mining seems to be broken for some reason, which is where the real mining money comes in. So, it’s pretty bad that it doesn’t seem to work at all.
  • Even though you can add your own pool, it seems like if you start mining to some pools, it does not work at all. It is unclear if these pools are rejecting Minergate miners, or if Minergate is only giving you the illusion that you can pick your own pools.
  • The transaction/withdrawal fees are frankly way too high, it is kind of a rip-off
  • Some of their extra features advertised on their website seem a bit sketchy, smells like a scam most of the time
  • The miner itself seems to crash a lot, at least from my personal experience with testing it

In Conclusion

If you are an absolute beginner and you do not care at all about learning how to set up another miner, this is the program for you. It is very user-friendly, you can just install it and let it run. If you would like to get a little more involved and get the most out of your hardware, then you would probably be better off using another miner program. That choice is yours! Whatever you choose, hopefully, this has helped you learn how to use it and given you enough info to make an informed decision.

Best Monero GPU Mining Cards 2018 – Top 5 GPU Mining Cards

Monero Mining

This review will take a closer look at the best GPU rigs for Monero mining (XMR) 2018.

Whether you’re new to mining crypto coins or have been in the community long enough to know a thing or two about the concept of mining, there’s no doubt at some point you found yourself with the question of which mining software to use, what mining pools to join, which coin to mine, among many other things to consider when looking into what’s best so as for your hashing power contribution to make sense. While it’s true, a lot depends on your hardware, during these past few years there’s been a considerable increase of gamers-turned-miners using their gaming GPUs for mining purposes. Joining the current trend, contributing hashing power in exchange for mining rewards, the demand for GPUs rose dramatically over time, so much so that both NVIDIA and AMD had to up their pricing by as high as 30%, while all the more introducing new additions to their product catalog; all of a sudden, the main focus was on durability and less power consumption.

Mining a coin as huge as BTC nowadays though, that would require a significant amount of hashing power from one’s side in order for the mining process to prove itself profitable. Be it with antminer technology or a multiple-GPU setup, one would have to be quite serious about this as we’re instantly looking at a heavy investment from this side. That is the primary reason so many miners switched to altcoin mining instead. Monero (XMR), Litecoin (LTC), Ethereum (ETH) and Neo (NEO), being among the top few coins that are in a way still profitable by way of mining them with GPU rigs. But as our main focus for this article shifts towards Monero, let’s take a closer look at that.

Monero is indeed a strong competitor, in terms of privacy and speed. Already looking at reduced fees in March ‘18, its potential has grown over time, as it’s also minable and hence, profitable using a GPU rig. But what could be the best gear for that matter? Will a typical, consumer-market GPU work profit-wise? What are some of the best products available for mining Monero? Well, let’s take a look at the current top 3 GPUs now available for mining Monero.

Top 6 Best Monero Mining GPU Hardware

  1. Nvidia GeForce GTX 1070
    Nvidia GeForce GTX 1070

    Core Clock: 1,506MHz

    Memory: 8GB GDDR5

    Memory Speed: 8Gbps

    Power Draw: 150W

    Coming out with a significant memory amount of 8GB, the GTX 1070 can easily manage an average hash rate of 30 mh/s. Due to its excellent power consumption technology, mining Monero makes it as one of the first go-to GPUs available right now. Definitely worth checking out, if you’re into mining cryptocurrency for the long run.

    PROS
    -High memory
    -Balanced power consumption
    -High hashing rate
    -Easily overclocked

    CONS
    -A bit too expensive for the average miner or for those just getting started with Monero

  2. AMD Radeon RX Vega 56
    AMD Radeon RX Vega 56

    Core Clock: 1,156MHz

    Memory: 8GB HBM2

    Memory Speed: 800MHz

    Power Draw: 210W

    If on the other hand, you’re looking at a more value-for-money package, AMD’s RX Vega 56 provides an excellent choice as well. Though facing higher energy consumption than the aforementioned GTX 1070, its performance can outgrow that of the GTX 1070’s. Definitely, one to look out for.

    PROS
    -Excellent mining performance
    -High Memory
    -Strong Competitor to the GTX 1070

    CONS
    -It can heat up quickly and loudly
    -High power consumption/High energy costs

  3. Nvidia GTX 1080 Ti
    Nvidia GTX 1080 TI

    Core Clock: 1,480MHz

    Memory: 11GB GDDR5X

    Memory Speed: 11GHz

    Power Draw: 250W

    This is indeed one of the best choices available on the market as of yet. Initially designed for 4k gaming, it is the primary reason heavy gamers are all the more turning into miners. With an extraordinary memory amount of 11GB, it may, in fact, be a bit on the pricey side, but it definitely makes up for it when used for mining cryptocurrency purposes. Consider this if you’re planning to do some heavy gaming on the side too.

    PROS

    -Very easily overclocked
    -High hasing rate
    -Extremely High memory
    -Improved Cooling system
    CONS

    -Loud!
    -Expensive hardware
    -High power consumption with higher energy costs

  4. AMD Radeon RX 580
    AMD Radeon RX Vega 580

    Core Clock: 1,257MHzMemory: 8GB GDDR5

    Memory Speed: 8Gbps

    Power Draw: 185W

  5. AMD Radeon R9 290X
    AMD Radeon R9 290X

    Core Clock: 1,030MHz

    Memory: 4 GB GDDR5

    Memory Speed: 5.0Gbps

    Power Draw: 160W

  6. Nvidia GTX 1060

Nvidia GeForce GTX 1060

Core Clock: 1569MHz

Memory: 6GB GDDR5

Memory Speed: 8 Gbps

Power Draw: 400W