Monero is a cryptocurrency that relies on proof-of-work mining to achieve distributed consensus. Monero is the leading cryptocurrency focused on private and censorship-resistant transactions.
The majority of existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains. Transactions can be verified and/or traced by anyone in the world. This means that the sending and receiving addresses of these transactions could potentially be linked to real-world identities. Monero, on the other hand, uses various privacy-enhancing technologies to ensure the anonymity of its users.
Below you will find some information and resources on how to begin mining cryptocurrencies like Monero. We do not endorse any particular pool, software, or hardware, and the content below is provided for informational purposes only.
CRYPTO HARDWARE WALLET
Users will want to download a digital wallet and create an address. This address will be used for sending and receiving Monero. We recommend the official Monero Wallet (getmonero.org/downloads) or the Exodus wallet app (exodus.com) for an easy start.
CRYPTO MINING SOFTWARE
Users can download XMRig (xmrig.com) as an open-source, cross-platform, CPU and GPU miner. The GPU mining supports both NVIDIA and AMD graphics cards. These downloads are available for Windows, Linux, and macOS.
CRYPTO MINING POOL
Users can decide if they prefer to solo mine or to mine in a pool. Each method has its benefits and drawbacks and we encourage you to compare the two. Pool mining will allow frequent payouts and users will be rewarded with coins according to how much they are participating in the pool. Users can use MoneroOcean (moneroocean.stream) to get started quickly and easily.
CRYPTO MINING CONFIGURATION
JSON config file is the preferred way to configure XMRig. Each miner will need to connect to a mining pool and provide an address to receive payouts. For an easy start, users can use the configuration file creator from XMRig to get started https://xmrig.com/wizard
Each mining software will have its own config, but they will all ask for the same information:
Your Monero Address This will be unique for each user. This is the address that was generated for your digital wallet.
Pool Address The mining pool address:port for MoneroOcean is gulf.moneroocean.stream:10128
This MoneroOcean pool uses PPLNS to determine payouts. It helps to combat pool hopping and ensures a good payout for miners.
0% Pool Fee
0.003 XMR Minimum Payout
Once everything is configured you can visit moneroocean.stream and enter your wallet address in the box to track your progress. Once you have submitted your first share, your stats will appear here. It will take most users a few hours to see their activity populate. Payments happen automatically every couple of hours when your total due reaches your payment threshold. By default payment threshold is 0.3 coin but you can lower it in the home page miner options.
Additional documentation and resources are provided here: