Why is Monero unprofitable


Is Monero still profitable?

Rewards of mining Monero As of January 2021, miners receive 1.26 XMR for every block they add to the blockchain and a new block is mined every 2 minutes. Depending on your CPU/GPU, this can amount to around $0.45 to $1 in profitability, per day per mining system.

How many Monero are left?

Block reward XMR 0.6
Block time 2 minutes
Block explorer xmrchain.net
Circulating supply ~XMR 18.2 million

Should I mine Monero or ethereum?

If you are looking for the cheapest crypto to mine, Monero and Ravencoin will be a good choice. Monero, for instance, can be mined on CPUs with normal computer hardware resources. Nevertheless, Bitcoin and Ethereum should be your top choice if looking for the most profitable cryptocurrencies to mine.

How long does it take to mine 1 Monero?

Do you know how long it takes to mine one Monero coin? A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR.

Which CPU is best for Monero?

Best CPU Miner for Monero With 64 cores and 128 threads, Threadripper 3990X can provide hash rates from 43 to 64 kH/s using the XMRig 6.3. 5 algorithm (as stated on monerobenchmarks.info). If Threadripper 3990X is too expensive and you want something cheaper to mine Monero, Threadripper 3960X is a perfect choice.

How long does it take to mine 1 Monero on a laptop?

The walkthrough will be on a Windows 10 machine, but note that you can also mine on Windows 7 or 8, as well as on Linux and Mac. The whole process of downloading your miner, configuring things, and getting going should take less than 20 minutes.

Why is Monero not popular?

Although some use Monero for ransomware and other illegal activities, other users just don't want a public record of their cryptocurrency transactions. Monero does have its potential issues. Countries have banned it and exchanges have delisted it.

Is Monero illegal?

Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable. This characteristic, however, does make it very popular on the darknet and for use with certain activities such as gambling and the sale of drugs.

How much can I make a day mining Monero?

Based the mining hardware inputs provided, 0.00738308 Monero can be mined per day with a Monero mining hashrate of 42,000.00 H/s, a block reward of 0.65 XMR, and a Monero difficulty of 319,476,347,929.00. After deducting mining power costs and mining fees, the final daily Monero mining profit is $0.01 Monero to USD.

What is the most profitable crypto to mine?

10 BEST Cryptocurrency to Mine with GPU [Most Profitable]

  • Comparison of the Most Profitable Coins to Mine.
  • #1) Vertcoin.
  • #2) Bitcoin.
  • #3) Monero.
  • #4) Ravencoin.
  • #5) Haven Protocol (XHV)
  • #6) Ethereum Classic (ETC)
  • #7) Bitcoin Gold.

Can you mine 1 Monero a day?

How many Monero can you mine a day? Based the mining hardware inputs provided, 0.00755814 Monero can be mined per day with a Monero mining hashrate of 42,000.00 H/s, a block reward of 0.65 XMR, and a Monero difficulty of 312,076,749,071.00.

What GPU can mine Monero?

Mining Monero With an AMD Graphics Processing Unit (GPU) For AMD graphics cards, you can go for either the AMD R9 280x or the more recent AMD Radeon Rx 580. The AMD R9 280x provides a hash power of 500 H/s, while AMD Radeon Rx 580 provides 575 H/s. For AMD GPU, you can use XMR-STAK-AMD as the mining software.

How many Monero can be mined in a day?

How many Monero can you mine a day? Based the mining hardware inputs provided, 0.00759685 Monero can be mined per day with a Monero mining hashrate of 42,000.00 H/s, a block reward of 0.65 XMR, and a Monero difficulty of 310,486,655,283.00.

Does Monero have potential?

XMR Price Forecast for November 2022 Crypto analysts have checked the price fluctuations of Monero in 2022 and in previous years, so the average XMR rate they predict might be around $186.23 in November 2022. It can drop to $177.79 as a minimum. The maximum value might be $198.49.

Is XMR better than Bitcoin?

Monero beats Bitcoin on privacy, fungibility, transaction fees, and mining algorithm. Bitcoin beats Monero when it comes to transaction speed, scalability, network effect, supply, and price.

Is Monero still untraceable?

Monero transactions are confidential and untraceable. Unlike selectively transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default.

Is mining worth it 2022?

Bitcoin mining is still extremely profitable in 2022. Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. That's $600 million per month. A mining machine costs $2,000-$20,000, making it difficult for anyone but professional miners to mine.

Can I mine monero on my laptop?

The Beginner's Guide to Mining Monero. Similar to Zcash mining and Ethereum mining, Monero mining (aka XMR mining) is very simple. Even better – you can still mine Monero with CPU, so your Mac or PC can actually earn you coins as well. This post will describe how to get started with Monero mining instantly.

Is Monero worth mining?

However, while Bitcoin may be the largest and most known cryptocurrency, others have yet to gain planetary popularity. Monero (XMR) is one of them. It is similar to Bitcoin in many ways but diverges in key areas that make it special. More importantly, they make it worthy of mining.

What is the most profitable way to mine Monero?

Tip to Mine Monero Efficiently for Greater Profits The best way to mine XMR coins is to use your everyday computer's processor (CPU) or graphics card (GPU). However, solo mining isn't profitable, and you will need to either join a mining pool or rent out hash power using cloud mining. ”

Will Monero reach $1000?

Can Monero reach $1000? Yes, it is possible that Monero can reach $1000 but only in a distanced future, after 2030.

Should I buy Monero 2022?

According to WalletInvestor, Monero may remain at its current price level for a very long time. By the middle of 2022, XMR is expected to peak at $360. The coin's minimum price could rise to $320 by the end of the year if the market turns bullish.

Is Monero worth investing?

The forecaster suggests an average value of $248.37 in 2023, $249.99 in 2024 and $318.73 in 2025. It thinks XMR will trade at a lower value of $285.31 in 2026, but then continue a general year-on-year uptrend, leading to a Monero price prediction for 2030 of $759.65.

Why should I invest in Monero?

Monero is one of the fastest growing cryptocurrencies in the world. It is highly secure and has been able to maintain the confidentiality of its coins and the coin owners. This currency uses top-notch technological systems which make it impossible to trace any of its transactions.

How long will Ethereum mining last?

#1) Proof Of Stake. Ethereum is moving to Proof of Stake completely by December 2021, which means ETH proof of work mining will become obsolete. Currently, you can either stake ETH to earn more of it instead of mining with a GPU, which uses more energy. What is Ethereum Staking?

How do you mine 1 XMR a day?

n = 16812 H/s, or 16.81 kH/s to mine 1 XMR per day. You would need approximately 67 GTX 750 Ti's at 250 H/s each, OR approximately 28 RX 470's at 600 H/s each, OR approximately 22 RX 480's at 750 H/s each.

How high could Monero go?

In accordance with the forecast by TradingBeasts, XMR may grow by about 110% over the next three years, rising to $360 by the end of 2022 and to $500 by the end of 2023. TradingBeasts' analysts are confident that XMR has good growth potential and see no reason for this cryptocurrency to crash.

Does XMR have a future?

According to the technical analysis of Monero prices expected in 2022, the minimum cost of Monero will be $186.93. The maximum level that the XMR price can reach is $205.94. The average trading price is expected around $193.68.

What will Monero be worth in 2030?

Monero price prediction October 2030: Monero's price for October 2030 according to our analysis should range between $2,932.56 to $3,374.021 and the average price of XMR should be around $3,153.29.

Is GPU mining coming to an end?

Ethereum Looks to Phase Out GPU Mining in August With Move to Proof-of-Stake. If it happens, then demand for GPUs among cryptocurrency miners could seriously dampen, making it easier for consumers to buy a PC graphics card at normal prices.

Will crypto mining ever end?

The Bitcoin ecosystem is still developing, making it possible if not likely that Bitcoin itself will continue to evolve over the coming decades. But however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached.

Which GPU is best for mining Monero?

Mining Monero With an AMD Graphics Processing Unit (GPU) For AMD graphics cards, you can go for either the AMD R9 280x or the more recent AMD Radeon Rx 580. The AMD R9 280x provides a hash power of 500 H/s, while AMD Radeon Rx 580 provides 575 H/s.

Is it worth investing in monero?

Monero is an excellent investment for the long term because more people are demanding for the privacy of their money. It has continued to prove that it can uphold the privacy of its clients much better than other currencies.

When Ethereum will stop to be mineable?

Ethereum Aims to End GPU Mining on September 19th.

How many Ethereum are left?

Ethereum, however, has an infinite supply. In January 2021, there were 113.5 million tokens in circulation. As of April 2022, there are roughly 120 million. There are some predictions that after shifting the Ethereum process from PoW to the PoS, the supply of Ethereum may be reduced.

Monero Mining Calculator – CoinWarz


Is Monero mining still profitable? Not right now. Mining Monero is not profitable at this time with the mining hardware hashrate of 42,000.00 H/s, electricity costs, and pool / maintenance fees provided.

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