RE: Why Mine BITCOIN?

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Why Mine BITCOIN?

in bitcoin •  7 years ago 

If it's helpful, I'm testing out mining Monero on a pretty standard computer now. It sounds like you don't need an expensive rig to be able to mine it at the moment. I'm finding that I've been getting somewhere around .002 XMR per day on a bit of an outdated machine. I plan to post about it after about a month when I have some better metrics but it seems like at the current price it may not be worth it. I'm using a mining pool so if you look at the XMR I'll have mined minus the .008 fee to withdraw and factor in the cost of electricity it looks likely I'll be in the red.

I'm still going to stick this out for 2 main reasons.

  1. I just want to run the numbers and have a conclusion here on if this is profitable.
  2. I also like Monero as a long term hold, so assuming the value goes up significantly from $376ish per XMR I might be glad I mined some down the road :)
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can you explain more how do you mine it?
I have some machine that I dont need I might try too

Sorry for the late response galhadas, I decided the easiest option would be to make an entire post on how to mine it. Check it out here: https://steemit.com/monero/@mjo/monero-mining-how-to-estimate-profit-and-configure-a-miner-on-your-pc