Monero mining using GPU

10

In the last few weeks Monero reached great rise in price, and it did not remain unnoticed by miners. Many people became interested in mining, and asked questions about how to start it. Of course, Monero is still possible to mine with the simple computer processor (CPU), however, due to the algorithm which becomes much more complicated (increase in difficulty) in relation to the great interest of miners, it will not yield realistic benefit. Let’s look at the possibilities of mining XMR using PC graphics cards (GPUs), comparing different kinds.

Mining of Monero using video cards

We already wrote in the article Monero Mining how to mine Monero currency without using any special equipment. The whole beginning in this case is identical to the previously described – you need to register on the Monero Mining Pool (we highly recommend the pool that we joined and practically tried – Minergate). What is different – that it is better to install not that standard software offered by the platform (additional information: we have been informed by some users that in some cases the standard software works very well so we will also take a look at it after we describe the video cards).

Graphics cards

As Monero can be mined even with the computer processors (CPUs), almost all up-to-date video cards will probably be perfectly suitable. However, there are some nuances that need to be taken into account, especially if you are going to buy a video card – at what speed you can mine, and how much you will use electricity.

Not having the graphics card, it would be a difficult task to envisage previously mentioned parameters, but we are ready to give you some tips: Comparison of mining speeds of the Monero’s graphics cards. We extracted information from very different online sources therefore some information may be considered as provisional.  Nevertheless, you can download and use this information, especially if you plan to buy the graphics card. In the column of graphics processing unit (GPU) you will find information about the graphics card (manufacturer, model, etc.), and numeric values allowing to assess how much VRAM (Video Random Access Memory) you need (note that the same brand name of the graphics card does not ensure the same speed so you should always check the VRAM!). The following parameters are the most important – hash rate (H/s) determining the mining speed, and the termal design power (TDP) – electricity consumed. Application (APP) and opperating system (OS) fields provide the software.

ASUS RAEDON RX460 2GB
ASUS RAEDON RX460 2GB

We have tried Monero mining, and have been using so far ASUS RAEDON RX460 2GB. We acquired the device for the price of about €110 ($125). The speed reached was 310-311 H/s. It is more difficulte to calculate the energy consumption  as we do not have the device needed for measuring. It might be assumed that consumption should be about 60-80 W, and consumption per month –  43-57 kW/h (price of 1 kW/h is about $0.1).

 

MSI Geforce GTX 1050 Ti Gaming X
MSI Geforce GTX 1050 Ti Gaming X

Practical experience. We also tried using one more graphics card – MSI Geforce GTX 1050 Ti Gaming X, 4GB (speed about 340 H/s). Our regular reader also has tried using a very similar but a bit cheaper  graphics card – MSI Geforce GTX 1050 Ti, 4GB (speed about 305 H/s). Actually, we have tried all 3 possible variants, and the best turned out to be “easiest”. Although the program itself shows the speed as very spiking but the mining results are the best.

 

Software to use the “easiest method”

The particular method, unfortunately, may not work with your graphics card. Do not give up, and use all available methods in order to find that one that really works for you.

Monero mining – the easiest method
Monero mining – the easiest method

In its essence, this method is very similar to mining with a computer processor. After registering on the Minergate platform, just go to the “Download” section and download the program suitable for your operating system. Once you have installed it on your computer, connect to the system with the email and password used during the registration process. Unlike in the case of mining with the processor (CPU), you need to start up mining on the GPU (graphics card). We add a picture to make it easier to understand if you launched the program. If you do not see the GPU mining column – go to the “View” menu at the top and tick the box symbol next to the option “Show GPU mining”.

Software for AMD graphics cards

Example 8 - Claymore CryptoNote GPU Miner v9.7 Beta - POOL - Monero mining
Example 8 – Claymore CryptoNote GPU Miner v9.7 Beta – POOL – Monero mining

We use and recommend to you Claymore CryptoNote GPU Miner v9.7 Beta – POOL with Windows 10 (64 bit) operating system. The main advantage is the command-line interface, which makes operating “unbreakable”, maximizes the use of many graphics cards and is the most popular. You can download it by clicking this link.

This tool is also very easy to prepare for usage. Extract the files in the convenient place on your computer. Go into the extracted location, and open the “start.bat” file with the Notepad app (by right-click the mouse on the file, Open With -> Notepad or you can use the Start Menu app – Notepad, open it and then File -> Open). Make sure that opened file is exactly because such is the sequence of actions required to start mining:

#Choose and set 100% graphics cards
setx GPU_MAX_ALLOC_PERCENT 100
#Run mining
NsGpuCNMiner.exe

The next step is to make settings in order to receive a reward for mining – go to the “config.txt” file and enter the following settings:

#Setting of usage for minergate pool
-o stratum+tcp://xmr.pool.minergate.com:45560
#Setting of your login for the pool
-u XXX@ecoin.lt
#You can set the password but it is not necessary
#and better to leave 'x'
-p x

Congratulations, you have fully configured the mining software. Now it’s time to run the start.bat file, and you are already mining!

Note that lines starting with grids (#) mark comments, and do not setting inscriptions. They are of explanatory character.  

If you need instructions for other operating systems (Mac OS X, Ubuntu, etc.) write in the comments below, and we will give some instruction.  

The software (for nVidia graphics cards)

For the nVidia GPU we tried XMR-stak-nvidia termianl programme, however, we were not satisfied with results of the testing with any MSI RX 1050Ti GPU so returned to the previous option of Minergate software. Nevertheless, it is important that you test practically operation with your graphics card – you can get different result. Be sure you do this, and try the option we recommend, and just then decide what is your choice.

Download XMR-stak-nvidia  and unzip it, extracting contents at the onvenient location on your computer. Then go to that location, and open the “config.txt” file. You have to write in the pool address (“pool_address”) as well as your email (“wallet_address”) that you used to register on the Minergate platform. You do not need to enter a password here  – leave “x”!

"pool_address": "xmr.pool.minergate.com:45560",
 "wallet_address": "your_email@ecoin.lt",
 "pool_password": "x"
Example 9 - XMR-stack-nvidia mining
Example 9 – XMR-stack-nvidia mining

Just double-click on the “start.bat” file to run it. If you see the command line window and it closes immediately – the miner is not working! Everything should look like in the picture attached. If you get an “error” note – turn off the program and run it once again – we also had that problem.

Profitability

The costs of mining of the virtual coins are related only to the hardware and electricity. If you extract the value higher than the cost of electricity – it is only a matter of time when the equipment will pay off unless the exchange rate of virtual currencies – in this case Monero – changes considerably. There is such a possibility in relation to cryptocurrencies, and it is difficult to envisage.

Example 10 – Monero Mining Profitability Calculator
Example 10 – Monero Mining Profitability Calculator

Whether you should start thinking about mining you can find out by going to the calculator prepared by the CryptoCompare. It is enough to enter three parameters: the speed (H/s), the electricity cosumed (W) (if you are just planning to buy a graphics card, check out these two parameters in the PDF table that we prepared), and price of electricity. The price that we had paid for equipment was paid off within 4.5 months, which seems satisfactory!

Special focus:

  • Unconfirmed balance is the money that you have already mined but have not received yet. It will be credited into your account when it reaches 0,005 XMR
  • You can also run mining devices on multiple computers at one time. The mining speed will be cumulative!
  • You can install more than one graphics card on your computer!

You should remember that rates of cryptocurrencies are very volatile so predicting is very difficult. Tomorrow Monero might be worth $1’000, and €10 so there is a risk. You should be aware that you assume risk of both earning and losing 🙂 We wish you successful mining!

10 COMMENTS

  1. Incredible! This blog looks just like my old one! It’s on a entirely different subject
    but it has pretty much the same page layout and design.
    Superb choice of colors!

  2. Oh my goodness! an amazing article dude. Thank you However I am experiencing issue with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting identical rss problem? Anyone who knows kindly respond. Thnkx

  3. I absolutely love your site.. Pleasant colors & theme. Did you build this site yourself? Please reply back as I’m looking to create my very own website and would like to find out where you got this from or what the theme is named. Cheers

  4. I’m so happy to read this. This is the kind of manual that needs to be given and not the accidental misinformation that is at the other blogs. Appreciate your sharing this greatest doc.

  5. “I bought a SSD which I am now potentially regretting considering a lot of people in videos mention I can use a USB thumb drive.

    A few people have mentioned in videos that the OS effects the hash rate, so I am curious, what is the best OS for mining;

    Windows 10,
    EthOS,
    Simple Mining
    Pimp OS

    Any help is much appreciated. I do want to mod the bios and the timing straps on my RX 580s when they arrive so if that effects any decisions please take that in to account. ”

  6. Wow, thanks so much for the SMos vid. I am changing my rigs over now, and just saw the DSTM setup also. You are so helpful…my mining is improving drastically with your tutorials. Can you share your SMos clock settings for the 1070ti cards? I’ve been playing with different setups, and can only get 3.98 avg sol/watt max so far. (core 125, Mem 500, Power 125) Thanks again

  7. The future is linux is not accepted in the near future …. Windows itself will come a service platform …! the windows 10 reminds me until the movie the future of the future where there is the system of genesis where everything is connected from refrigerator to microwave oven … in the part of genesis I mean the system windows ….

  8. My brother suggested I would possibly like this website.
    He used to be entirely right. This submit actually made my day.
    You cann’t consider just how so much time I had
    spent for this information! Thanks!

  9. very helpful to this newb….

    My rigs are running very well using claymore dual, the only thing I can think to do better is find a better hash rate from a different pool. I constantly am having to search everywhere for pool address and instructions as far as username or registration. It would be great if there were a total list of all the good pools and the lines needed to run in them. You provided several above but I want more..

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