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Which coin to mine with CPU? (plz no trolls xD)

Which coin to mine with CPU? (plz no trolls xD)

Yes me too, I managed to grab a dedi for cheap enough price, and Im wondering if theres any new coin I should invest my time mining in, hoping it becomes even somewhat valuable in the future and which is relatively easy to mine at the moment.

What are people mining right now? XMR/Monero? Electro?

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Comments

  • MasonRMasonR Moderator

    https://whattomine.com/

    Site is mainly for GPUs, but should still be helpful for CPUs as well.

  • cpsdcpsd Member

    I am trying since yesterday the minergate pool with my ks4C (CPU) and it chooses the best possible coins with its software. But I would like to try something better. I have read that a good coin for CPU mining is also verium.

  • Minergate is crap. Do some research on them.

    Why are we still allowing bypassing AUP/TOS (Netflix) requests? We're one thread pull away from being HF.

  • IamIam Member

    Vote for Verium (VRM).

  • OflameoOflameo Member
    edited January 2

    You should mine websites with your CPU. I am not kidding. You should take the Web and pack it into a block chain and resell it as a cryptocurency. That is one kind of cryptocurrency that the CPU will do better than a GPU for a while at least.

    EDIT: Verium would be easier to set up.

  • cpsdcpsd Member
    edited January 2

    Single mining or in which pool? Thanks :)

    @Iam said: Vote for Verium (VRM).

  • lemonlemon Member

    @MasonR said: https://whattomine.com/

    Site is mainly for GPUs, but should still be helpful for CPUs as well.

    that site is not very good, it says 500 h/s on cryptonight with 1070 but actually you'll get ~700. i cant say if the other values are right, but i wont trust that site.

  • MasonRMasonR Moderator

    @lemon said:

    @MasonR said: https://whattomine.com/

    Site is mainly for GPUs, but should still be helpful for CPUs as well.

    that site is not very good, it says 500 h/s on cryptonight with 1070 but actually you'll get ~700. i cant say if the other values are right, but i wont trust that site.

    True. It's more to give you an idea of what would be profitable with your hardware, but won't provide an exact calculation. Although, it is flexible enough to allow you to tweak your actual hashrate and power consumption if you require a more tuned estimation.

  • vfusevfuse Member, Provider

    Sumokoin, electroneum are both OK, I'm getting about 500h/s with a ryzen 1700x on cryptonight. On https://whattomine.com/calculators just search for cryptonight, those are good for CPU mining.

    NIXStats monitoring service (servers, http(s), ICMP, tcp ports) - monitoring 13,000+ servers - Uptime Report - API Docs

  • IamIam Member
    edited January 2

    cpsd said: Single mining or in which pool? Thanks :)

    I choose pool.

    Edit: I use this pool: https://vrm.mining-pool.ovh

  • Doge coin is always an option.

    If you stare into the deadpool, the deadpool stares back at you.

  • @Oflameo said: You should mine websites with your CPU. I am not kidding. You should take the Web and pack it into a block chain and resell it as a cryptocurency. That is one kind of cryptocurrency that the CPU will do better than a GPU for a while at least.

    EDIT: Verium would be easier to set up.

    What?

    So you crawl a web site, hash it, then crawl another, hash both the previous hash and the new site, and then the next and hash them all and continue hashing, but what good will that make? Except for being an internet notary, which is quite impractical with this implementation.

  • teamaccteamacc Moderator

    archiveteamcoin?

    Yo mama so fat each of her butt-cheeks has its own /8.

  • cpsdcpsd Member

    @Iam said: Edit: I use this pool: https://vrm.mining-pool.ovh

    Thanks. I am testing it :)

  • WSSWSS Member

    I won't be back until @bsdguy is released.

  • I recommend mining electronenum with cpu.

    Thanked by 1kjl24
  • randvegetarandvegeta Member, Provider

    Maxsam4 said: I recommend mining electronenum with cpu.

    Why? Better than XMR?

  • @randvegeta said:

    Maxsam4 said: I recommend mining electronenum with cpu.

    Why? Better than XMR?

    Unless you have a farm, mining xmr with cpu makes no sense due to the huge network fees. It will take a month of mining on average to just mine enough to cover network fees.

    Also, mining electorneum is more profitable right now even if we ignore the high transaction fee in monero.

  • randvegetarandvegeta Member, Provider

    @Maxsam4 said:

    @randvegeta said:

    Maxsam4 said: I recommend mining electronenum with cpu.

    Why? Better than XMR?

    Unless you have a farm, mining xmr with cpu makes no sense due to the huge network fees. It will take a month of mining on average to just mine enough to cover network fees.

    Also, mining electorneum is more profitable right now even if we ignore the high transaction fee in monero.

    I disagree. As a host, we have put our unused servers to good use by mining. Since our servers do not have GPUs, they are pure CPU miners. The energy consumption is comparable to good GPUs and since we mostly use E3 and E5 CPUs, it is cost effective. It is not cost effective to BUY hardware to mine, but to put unused resources it is. The power consumption makes up less than 30% of the cost and the fees on payouts are small. In fact with mineXMR, there are no fees for payout.

    Perhaps you are thinking of just a single home PC mining? It would take over a month for a decent i7 to get a payout.

  • @randvegeta said:

    @Maxsam4 said:

    @randvegeta said:

    Maxsam4 said: I recommend mining electronenum with cpu.

    Why? Better than XMR?

    Unless you have a farm, mining xmr with cpu makes no sense due to the huge network fees. It will take a month of mining on average to just mine enough to cover network fees.

    Also, mining electorneum is more profitable right now even if we ignore the high transaction fee in monero.

    I disagree. As a host, we have put our unused servers to good use by mining. Since our servers do not have GPUs, they are pure CPU miners. The energy consumption is comparable to good GPUs and since we mostly use E3 and E5 CPUs, it is cost effective. It is not cost effective to BUY hardware to mine, but to put unused resources it is. The power consumption makes up less than 30% of the cost and the fees on payouts are small. In fact with mineXMR, there are no fees for payout.

    Perhaps you are thinking of just a single home PC mining? It would take over a month for a decent i7 to get a payout.

    Firstly, Fee to transfer xmr from your wallet to an exchange to actually earn anything is not free. ($5 currently)

    Secondly, as I said earlier, electroneum is more profitable than monero right now.

    Lastly, the op said that he has a single dedi so yeah I am talking about 1 CPU not a E3/E5 farm. (more than 1 is a farm for me)

    I have already given multiple advantages of mining electroneum, why do you think mining XMR is better?

    Do you think XMR will increase in price more than electroneum in future? You probably are wrong but you can just sell electroneum at an exchange and buy monero.

  • KermEdKermEd Member

    I vote Doge! Go big or go home.

  • WSSWSS Member

    @KermEd said: I vote Doge! Go big or go home.

    You mean "To the moon!"

    I won't be back until @bsdguy is released.

    Thanked by 1pike
  • @WSS said:

    @KermEd said: I vote Doge! Go big or go home.

    You mean "To the moon!"

    Yes, shibe.

    Why not check my site (https://dawgy.pw) out? If you need to upload a few GIFs, give https://i.dawgy.pw a try <3

  • IamIam Member

    Maxsam4 said: Secondly, as I said earlier, electroneum is more profitable than monero right now.

    How about Electroneum vs Verium? any experience.

  • jarlandjarland Provider
    edited January 3

    @Maxsam4 said:

    @randvegeta said:

    Maxsam4 said: I recommend mining electronenum with cpu.

    Why? Better than XMR?

    Unless you have a farm, mining xmr with cpu makes no sense due to the huge network fees. It will take a month of mining on average to just mine enough to cover network fees.

    Also, mining electorneum is more profitable right now even if we ignore the high transaction fee in monero.

    See this is the mindset I keep seeing that confuses me. Like, I get what you're saying and it's logical in this moment, but that ignores the entire concept of a smart investment. Why do so many people only consider the current value of coins when calculating the value of mining them? It's not about what they're worth today, if you're actually in it to invest rather than play the penny slots.

    If any coin is physically profitable to mine at it's current value, the situation is temporary and you're looking at very small profits. You should be mining as an investment based on your best effort to determine which coin you can reasonably mine that you believe will grow in value.

    How many people continually said mining Bitcoin wasn't worth the cost, and they were right that day, but then one day it was suddenly worth far more than the cost was to mine it at the time they said that. That's how real investments work, you do your research and place an educated bet on long term growth. Penny stocks are nearly a hoax, not that many people actually profit from them.

    Monero is the closest to a sure thing I've seen. It's going to increase in value, I'd bet on it. But it's a bit late in the game to strike it rich without investing a lot of money, whether mining or trading. Electroneum is what I've ended up going all in on after failing with monero (not willing to invest the $, I barely missed the boat). Electroneum is a long game for sure though. Very solid returns from mining it right now in terms of # of coin, ignore current value because you're going to want to hold it.

    Thanked by 1priest
  • cociucociu Member, Provider

    Maxsam4 said: Maxsam4

    i have some servers mining xmr and some mining etn. in my case xmr is more profitable.

  • @jarland said:

    @Maxsam4 said:

    @randvegeta said:

    Maxsam4 said: I recommend mining electronenum with cpu.

    Why? Better than XMR?

    Unless you have a farm, mining xmr with cpu makes no sense due to the huge network fees. It will take a month of mining on average to just mine enough to cover network fees.

    Also, mining electorneum is more profitable right now even if we ignore the high transaction fee in monero.

    See this is the mindset I keep seeing that confuses me. Like, I get what you're saying and it's logical in this moment, but that ignores the entire concept of a smart investment. Why do so many people only consider the current value of coins when calculating the value of mining them? It's not about what they're worth today, if you're actually in it to invest rather than play the penny slots.

    If any coin is physically profitable to mine at it's current value, the situation is temporary and you're looking at very small profits. You should be mining as an investment based on your best effort to determine which coin you can reasonably mine that you believe will grow in value.

    How many people continually said mining Bitcoin wasn't worth the cost, and they were right that day, but then one day it was suddenly worth far more than the cost was to mine it at the time they said that. That's how real investments work, you do your research and place an educated bet on long term growth. Penny stocks are nearly a hoax, not that many people actually profit from them.

    Monero is the closest to a sure thing I've seen. It's going to increase in value, I'd bet on it. But it's a bit late in the game to strike it rich without investing a lot of money, whether mining or trading. Electroneum is what I've ended up going all in on after failing with monero (not willing to invest the $, I barely missed the boat). Electroneum is a long game for sure though. Very solid returns from mining it right now in terms of # of coin, ignore current value because you're going to want to hold it.

    Why are you confusing mining with investing? Mining is NOT investing. Mining 101 : Mine the most profitable coin at currrent time.

    As I said earlier, if you think that monero has a brighter future then just sell the coin you mined and buy monero. let me explain in easier terms. you can either mine 80$ worth of monero or mine 100$ worth of etn and buy 99$ worth of monero by selling that etn on an exchange. If you still dont get that mining is not investment then I cant help it.

    Thanked by 1rm_
  • @cociu said:

    Maxsam4 said: Maxsam4

    i have some servers mining xmr and some mining etn. in my case xmr is more profitable.

    ETN is based on monero so you get same hash rate. unless ur pool was super unlucky or u did something wrong, etn IS more profitable right now.

  • jarlandjarland Provider
    edited January 3

    Maxsam4 said: Why are you confusing mining with investing? Mining is NOT investing. Mining 101 : Mine the most profitable coin at currrent time.

    How is it not? It's spending an equivalent of money (hardware, electricity, all have monetary value to own/use) to obtain an equivalent of money that you expect to increase in value over time so that you can then trade it for money in hand at a later date. If you're mining and immediately selling, your equivalent is day trading. I'm pretty sure more people make money selling tickets to seminars about day trading than actually make any significant money day trading. It's totally equivalent... the time, effort, resource, and fees just chip away at day traders.

  • cociucociu Member, Provider

    jarland said: How is it not? It's spending an equivalent of money to obtain an equivalent of money that you expect to increase in value over time so that you can then trade it for money in hand at a later date. If you're mining and immediately selling, your equivalent is day trading. I'm pretty sure more people make money selling tickets to seminars about day trading than actually make any significant money day trading. It's totally equivalent... the time, effort, resource, and fees just chip away at day traders.

    i just lost 10k in fucking DIM coin ... so yes is spend money :)

  • jarlandjarland Provider

    @cociu said:

    jarland said: How is it not? It's spending an equivalent of money to obtain an equivalent of money that you expect to increase in value over time so that you can then trade it for money in hand at a later date. If you're mining and immediately selling, your equivalent is day trading. I'm pretty sure more people make money selling tickets to seminars about day trading than actually make any significant money day trading. It's totally equivalent... the time, effort, resource, and fees just chip away at day traders.

    i just lost 10k in fucking DIM coin ... so yes is spend money :)

    Sometimes you bet on the right horse, sometimes you don't. Sometimes you hold for a better value and miss your chance to sell.

  • @jarland said:

    Maxsam4 said: Why are you confusing mining with investing? Mining is NOT investing. Mining 101 : Mine the most profitable coin at currrent time.

    How is it not? It's spending an equivalent of money (hardware, electricity, all have monetary value to own/use) to obtain an equivalent of money that you expect to increase in value over time so that you can then trade it for money in hand at a later date. If you're mining and immediately selling, your equivalent is day trading. I'm pretty sure more people make money selling tickets to seminars about day trading than actually make any significant money day trading. It's totally equivalent... the time, effort, resource, and fees just chip away at day traders.

    You can automate the selling. excahnges offer APIs. Sorry I cant explain the conept better than my previous example.

  • Maxsam4Maxsam4 Member
    edited January 3

    ps bitcoin seems to be on a bull run. I recommend dumping your alts and buying bitcoin for short term.

    also, If you are using mining as an invest and forget thing then yeah monero as an investment is a safer bet. ETN is more profitable but carries slightly more risk. Monero is stable but it does not have the potential of etn in terms of return. monero might go from 300 to 1000. 3.5x returns in next few months. etn has the potential to give 6x returns in the same time. It is listed on only 1 crappy exchange right now and once it pops up on other excahnges, I think its gonna jump up in price. Its all personal opinion though. invest in the coin you think is gonna jump.

  • randvegetarandvegeta Member, Provider

    @Jarland, I think you're looking at this the wrong way. When it comes to mining, you really SHOULD be looking at the prices NOW and not what they will be in the future.

    Since ETN is just a Monero clone, I am assuming that 1KH/s is equivalent on both coins, and indeed ETN looks to yield 70% more (in USD terms) than mining Monero. So if you really believe in Monero, you would mine ETN, sell it, and buy XMR. It's really not that difficult. In general, miners should be mining the most profitable coin they can (given their hardware, also not forgetting the payout/transfer/pool feels etc.).

    So to consider the future price would be wrong when it comes to mining.

    Using your example for BTC mining, actually if you are betting on the price rise of BTC, you would almost always be better off just buying BTC. So again, if you're betting on the price rising, mining is not the best way to make money.

    Also, when it comes to crypto, you don't 'invest' in crypto. You gamble! The crypto markets are pure speculation. The money that goes into buying crypto does not contribute the development or the technology. And there is no intrinsic value, so I'm not sure under what definition buying crypto counts as 'investing'.

    You CAN invest in MINING. And by that I mean, you can buy equipment for the purpose of mining. In this case, you are literally putting in capital/plant in order to 'produce' something. Though I'm not sure it's very wise to put in a huge amount of money into mining (particularly ASIC mining).

    For us hosts with excess equipment, I also don't consider what we do 'investing'. For us, we have excess resources that are mostly paid for any way. @Cociu only has extra power to consider, but otherwise has hundreds of old servers at his disposal. The 'profit' margin for most modern CPUs is over 50% and as high as 90% when considering only the electricity cost. Since you can sell your coins pretty much straight away, it's more trading than investing.

    @Maxsam4, is it the case that 1kh on XMR is equivalent to 1kh on ETN? Meaning, if I have some HW that can do 1KH for XMR, I can get the same hash rate on ETN? In which case, the block reward's $ value is currently around 70% higher?

  • @randvegeta said: @Maxsam4, is it the case that 1kh on XMR is equivalent to 1kh on ETN? Meaning, if I have some HW that can do 1KH for XMR, I can get the same hash rate on ETN? In which case, the block reward's $ value is currently around 70% higher?

    Yes, that's precisely what I have been trying to say.

  • randvegetarandvegeta Member, Provider

    @Maxsam4 said:

    @randvegeta said: @Maxsam4, is it the case that 1kh on XMR is equivalent to 1kh on ETN? Meaning, if I have some HW that can do 1KH for XMR, I can get the same hash rate on ETN? In which case, the block reward's $ value is currently around 70% higher?

    Yes, that's precisely what I have been trying to say.

    Sorry, I thought you were saying that mining XMR was not profitable because of the fees, and not because the $ value of the block reward was greater for ETN for the same hash rate.

    The transaction fees are negligible to non-existent. Payouts direct to a wallet from MineXMR are free for 0.5XMR and more, or 5XMR to push directly to an exchange. And given the 0.6% fees on supportXMR, even though they DO charge the transaction fees, they are competitive from 1XMR payout, and free for 4XMR and over.

    But it is interesting that mining ETN is more profitable. Likewise, mining AEON is less profitable, even though that is basically just Monero Lite.

  • WHTWHT Member

    Am looking to buy some Petros now. Venezuela crypto curency.

  • @randvegeta said:

    @Maxsam4 said:

    @randvegeta said: @Maxsam4, is it the case that 1kh on XMR is equivalent to 1kh on ETN? Meaning, if I have some HW that can do 1KH for XMR, I can get the same hash rate on ETN? In which case, the block reward's $ value is currently around 70% higher?

    Yes, that's precisely what I have been trying to say.

    Sorry, I thought you were saying that mining XMR was not profitable because of the fees, and not because the $ value of the block reward was greater for ETN for the same hash rate.

    The transaction fees are negligible to non-existent. Payouts direct to a wallet from MineXMR are free for 0.5XMR and more, or 5XMR to push directly to an exchange. And given the 0.6% fees on supportXMR, even though they DO charge the transaction fees, they are competitive from 1XMR payout, and free for 4XMR and over.

    But it is interesting that mining ETN is more profitable. Likewise, mining AEON is less profitable, even though that is basically just Monero Lite.

    Nothing is written in stone when it comes to cryptos. The price of etn may crash tomorrow making monero more profitable or the price of aeon may jump up making it more profitable but right now karbo, nicehash and etn are the most profitable. If you dont want to rely on ETN then try nicehash. nicehash is usually the second most profitable as they mine the #1 through your power. (Karbo is #1 and nicehash is #2 right now). I am sticking with etn mainly due to the low fees and brighter future imo.

    XMR transaction fees are not high for you cause you have multiple CPU/farm. For a single CPU, as stated in op, the 5$ transaction fee cannot be neglected and you can almost forget mining 5 xmr (about 1500usd) to cash out directly to exchange with 1 CPU.

  • FranciscoFrancisco Top Provider

    Maxsam4 said: I am sticking with etn mainly due to the low fees and brighter future imo.

    Any love for intense?

    Francisco

    BuyVM - Dedicated KVM Slices / Anycast Support! / Stallion Control Panel / Windows 2008, 2012, & 2016! / Unmetered Bandwidth!
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  • spammyspammy Member

    What would be a good public ETN pool to mine? Just xxpool.electroneum.com

  • jarlandjarland Provider
    edited January 3

    I'm not sure under what definition buying crypto counts as 'investing'.

    I'll concede that maybe I'm insane, but in my mind the tragedy is that people largely don't see that the actions and strategies are so equivalent that they're almost identical, the rest is just outlining the difference between the investment item, which is easily of as little difference as investing in stock of one company over another. Theoretical value vs physical product doesn't matter much in my eyes, the techniques for betting on them, trading them back and forth, and the luck of one succeeding over another are not really all that different simply because one has a board of directors. Hell, half the things on the stock market are theoretical ;)

    I truly do see them as so equivalent that basic investment techniques could be made use of, day trading obviously being an equivalent that is getting used. I think people are just overthinking the difference between the two things and therefore throwing out decades of solid investment advice.

    But maybe I am insane, it's not impossible.

    Thanked by 1ricardo
  • @Francisco said:

    Maxsam4 said: I am sticking with etn mainly due to the low fees and brighter future imo.

    Any love for intense?

    Francisco

    Sorry but I don't follow IntenseCoin. Its market cap is too low right now for me to spend time on it.

    Thanked by 1Francisco
  • Maxsam4Maxsam4 Member
    edited January 3

    @spammy said: What would be a good public ETN pool to mine? Just xxpool.electroneum.com

    I recommend nanopool for its reliability and 'brand' trust. suprnova works well too for me.

    Some people recommend spacepools because of their low fees but the owner there either does not know what he is doing or he is just scamming people. In last December only, he claimed to have lost access to the current databases TWICE and restored weeks old backups which meant that your unpaid coins were gone forever TWICE.

  • lurchlurch Member
    edited January 3

    I'm currently mining monero at 1kh but from what has been said it would be better if I switched to etn?

    what is the best linux client for mining etn via cpu

  • @lurch said: I'm currently mining monero at 1kh but from what has been said it would be better if I switched to etn?

    what is the best linux client for mining etn via cpu

    Same as monero.

  • Someone please explain this to me why mingerate gui on ubuntu gui is able to give me more power thn the cli xmr-stack on ubuntu with or without gui? I tried all types of config with xmr-stack (lower power on/off, no-prefetch on/off etc) but i am not even able to get 70% of what i am able to achieve with minergate when mining XMR or ETN with custom pools not the default minergate ones.

  • I tried mining but found that instead of spending money on buying / hiring servers, I just simply buy coins with it. So, my XRP and NEO investment are triple now, and after withdrawing my initial fund ~ 5k), just wait for profit increasing :-)

  • SvenSven Member

    Bytecoins

  • IamIam Member

    Looks like I picked up the right coin (VRM). 2 days ago it just worth 6 USD and now 16 USD.

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