Please login or register.

How do I mine?

Hi, I'm just getting into cryptocurrencies and it looks like monero is a good choice. I'd like to begin mining on my home laptop (cpu/gpu) but unsure where to begin.

Several questions: 1. I git clone'd the official monero git repo (https://github.com/monero-project/monero.git) and compiled it and started running monerod, what advantage will this give me? Is this mining? Or am I just verifying transactions without gaining anything for myself?

  1. How do I create a monero wallet? I found this website : https://moneroaddress.org/ and it appears to randomly generate a wallet offline. Am I correct in saying a monero wallet can be generated 100% offline? If so, and I have some monero sent to me, how can I "check" my wallet? Is this where the monero software (described above) is used? Is there a command I can issue to query the network about how much XMR I have in my wallet, then issue a command to spend it?

  2. There is little to no documentation for the monero software (at least on github), is there anywhere that this software is better documented, or should I just start reading the source code?

  3. How do I mine? Whats the best non-commercial open-source mining software you guys recommend? Is the mining process seperate from running a monero node?

Sorry if I sound like a confused idiot, I'm just beginning to dip my toes into this space and there's a lot of jargon I need to learn, I'd appreciate any answers to my questions.

Noel

Replies: 3
szogun1987 posted 6 years ago Replies: 1 | Weight: 0 | Link [ - ]
  1. Download monero-node binaries for your OS. Open monerod first and allow it to run in background. Open monero-wallet-cli and follow instructions displayed in console.
  2. I have just started to use monero but I figured out that monero-wallet-cli provide help command, I will start in there
  3. I wanna to know also :-)
Reply to: szogun1987
noddie posted 6 years ago Weight: 0 | Link [ - ]

Thanks!, although I figured that out a while ago and am currently mining. I'm fairly new too but from what I can gather..

1) The hashing function is CryptoNight (https://cryptonote.org/cns/cns008.txt) 2) This is an ASIC-proof algorithm 3) The majority of the mining is done by botnets 4) Looking at https://moneroblocks.info, there are very few actual transactions happening

szogun1987 posted 6 years ago Weight: 0 | Link [ - ]

I have found that easiest way to mine is running monero daemon and type start_mining command :-)