Mullvad gives you a discount if you pay with crypto, and monero is supposed to be the private crypto. What is the best way to get Monero? I’m in Canada
Mullvad gives you a discount if you pay with crypto, and monero is supposed to be the private crypto. What is the best way to get Monero? I’m in Canada
Mining on a cpu is much less taxing than a gpu, and if you do it intermittently and do not run all cores there’s no additional strain on hardware.
20€ worth of XMR will still be more than 20€ worth of electricity. It ends up the same.
$20 of xmr is no where near $20 of electricity in the states, and having solar helps that number even more.
I believe if it was worth it to mine, everyone would do it until it is not anymore, especially in countries where electricity is extra cheap
After testing on my machine, I ended up losing more than 10x the amount I paid in electricity in France. I’m not sure it’ll be better elsewhere. This was at 0.20€/kWh
Not everyone knows it’s worth it to do it. Fully understand where you are coming from, it’s not viable in some countries right now.
Wouldn’t that assume you are not using all the electricity coming from your panels?
Correct, it does assume you took that power usage into consideration
Not sure that’s true. And mining on a CPU is even less efficient. Your hash rate will be way lower unless you’ve got a really high-end system with a really low latency bus and RAM. And if your hashrate is too low, it would take months for you to find a single block unless you’re pooling with a bunch of others and splitting the profit. It’s quite variable, but very, very few people can make profit on any popular coins. Too many people to compete with to find a block.
Oh and don’t forget cooling cost. The fans in the computer, the fans in your house, and your air conditioner in your house need to disipate the heat and there’s a lot more generated per clock cycle from a CPU than a GPU using comperably old technologies. If you live somewhere that you’re producing more electricity with solar than you consume, then it’s probably not a cold climate.
I thought Monero was designed to be mined on CPU.
Even if the algorithm will perform better on CPUs than other crypto algorithms, there’s still the fact that the processor in a GPU is much less complex and so: many more tasks can run in parallel because they’re all very similar, the bus is much shorter, bandwidth to memory is much higher, and memory is generally much higher performing. So overall, mining on a GPU will generally be more energy efficient than on a CPU. And of course crypto becomes harder and harder to mine as they grow, by design.