Can i mine ethereum and monero at the same time
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Content:
- What to mine on MinerGate
- Dual mode fast start
- Dual Mining: Profitability| Pros & Cons -Best Coins (Single Or Dual Who wins?)
- How to buy Monero (XMR)
- Hello!👋🏻 How can we help?
- How to Mine Cryptos Like BTC, ETH, LTC, DOGE, and BCH
- This Tesla owner says he mines up to $800 a month in cryptocurrency with his car
- www.makeuseof.com
- Mining Monero
What to mine on MinerGate
RandomX is the name of the new mining algorithm for Monero, the privacy coin whose objective is to keep the network protected from ASIC mining, allowing only mining per CPU, and at the same time providing enormous security to its protocol and blockchain.
Recommended Previous Content. What is Cryptocurrency Mining? What is Monero XMR? Like its predecessor, RandomX was designed to be secure and to be Monero's new default algorithm.
It offers a high level of cryptography , and is focused on systems with privacy and anonymity in mind. But above all, thought to be resistant to mining by ASIC.
The latter, a capacity that CryptoNight had lost some time ago, and that it kept afloat with several updates. However, the Monero team made the decision to create a new algorithm from scratch.
An algorithm that will take the best of CryptoNight and thus create a new mining base for Monero. The result? A mining algorithm like never seen before and with very promising resistance to ASIC. This in addition to an improvement in mining capacity for CPU , which has again led the coin to better decentralization of mining. But RandomX is much more than that, it is a proven, audited algorithm that has enormous growth potential. It is for these reasons that we will dedicate a space to analyze RandomX and all the new things it brings to the crypto world, and how Monero has benefited from it.
Let us remember that in , companies Baikal y Bitmain they had announced the first ASICs for CryptoNight, breaking the resistance that said algorithm had posed for several years. Quite an achievement for both companies, especially considering that CryptoNight was quite a complex algorithm.
In fact, this was designed in order to avoid ASIC mining from the beginning. However, the companies' achievement was not well received by the Monero community and other blockchain communities using the CryptoNight algorithm. The manufacturing monopoly of ASICs and the access to them by entities with large sums of money leave no opportunity for normal people to benefit from the mining process, leaving everything centralized in a few hands.
Something that in turn represents a single point of failure for the entire coin. Some updates had a good scope, but the ASICs still held up. At this point it was obvious and what was happening, CryptoNight was insufficient and a new algorithm was needed. However, this attempt was hardly received. This new algorithm would represent, according to the Monero developers, a radical change in mining algorithms.
The work paid off on May 5, , when the first version RandomX was released. The RandomX algorithm was developed for Monero by the developers tevator , hyc , vielmetti , antanst y Schernykh and was successfully activated on the Monero network on November 30, The rough operation of RandomX is written in its name: randomness is its main premise. But what does this mean? Well, it means that RandomX is designed to create a completely random "work zone" or scratchpad, with a high memory consumption, and that it uses advanced virtualization techniques for its operation.
As a result, RandomX seeks to be a CPU-only mining algorithm, offering the highest possible resistance to other types of mining. On the other hand, this is also aimed at avoiding the so-called very famous botnets in Monero, as RandomX will make them almost impossible to implement. But how does RandomX make all this possible? Well, let's examine this new algorithm a little more thoroughly. First of all, RandomX has two mining modes. Each of them with very different requirements and performances.
The most powerful and resource-demanding mode is Quick Mode, which requires at least 2GB of memory. This is because all of this memory is used to create RandomX's random scratchpad.
The mining performance in this mode is limited, and it is up to 6 times lower than the Fast mode, so the profits per mining would be rather meager using this mode. At this point we have a first barrier against ASICs. Second, given the high consumption of computing power, if a computer is infected with a cryptojacking To mine Monero, it will be easily identified by the user.
Something that greatly reduces the chances of success of a botnet. If the Monero XMR project has us accustomed to something, it is to the use of advanced cryptography in its developments. In this case, RandomX is not the exception to the rule, but the full compliance with it.
As a result, the cryptographic quality of RandomX is exceptional. However, at Monero they have not settled for their work alone, and have decided to run formal cryptographic security and implementation audits on the RandomX algorithm. All the audits have already been carried out, and the results of them are promising. If you want to know a little more about this point, we invite you to review the results in this link.
First, a key is generated called the K key which is selected to be the hash of a block in the blockchain. This block is called "Key block".
For optimal mining and verification performance, the key should change every blocks approx. At that point, the H input is the standard hash blob with a value nuncio selected. Although all this seems a bit cryptic, what the RandomX algorithm means is that its proof of work works under two important premises:.
On the other hand, the algorithm also makes things a bit more complex, by requiring specific execution conditions.
Among these conditions we can include:. The functionality that is perhaps the greatest resistance to ASICs, and in fact is a unique feature of this algorithm, is its virtual machine or VM Virtual Machine. RandomX does all its cryptography and mining work within a simple virtual machine whose purpose is; isolating the entire mining process into a series of processes that act under their own instructions and virtualized architecture. This seeks to increase the complexity of implementing an ASIC solution to levels never seen before.
At the same time, the CPU implementation is simplified and can be adjusted according to future needs. This virtual machine can perform its different tasks thanks to a set of custom CISC-type instructions.
This feature allows very easy communication with CPUs that use a set of instructions of the same type. The objective of this virtual machine is to create the necessary environment for the RandomX proof of work to be carried out. To achieve this, this VM creates a random workspace scratchpad in memory , highly encrypted and full of entropy random data that will later be used for the proof of work.
Once these conditions are created, the VM receives the instructions to start the mining programs. Each of these programs is created using the random data from the workspace and results in a unique program.
This program will apply all the processes allowed by the VM to perform the mining, that is, the program can only execute the instructions allowed by the VM instructions and 20 registers , nothing more.
At this point, what happens in the RandomX VM is practically invisible to the rest of the computer, due to the use of cryptography throughout this process. This process of creating random programs to perform mining is called Dynamic Proof of Work, and it is the scheme that RandomX uses precisely at this point. This system can be defined as follows:. How much do you know, cryptonuta? One of the big problems with CryptoNight is that each new iteration or improvement required more computational power to work, which reduced the mining capacity of the CPUs and only slightly slowed the appearance of an ASIC capable of executing it.
Against this, RandomX leaves behind the performance impact and offers better security, in fact, the performance of RandomX against CryptoNight is up to 20 times on the same hardware, and at the moment no ASIC can implement a viable mining system.
Continue the journey in What is Equihash mining algorithm? What is Bearish and Bullish? What is the Bloktopia Metaverse? What is Web 3. What is the Metaverse? What is Dead Cat Bounce? Why list a token on an exchange? Table of Contents. How does RandomX work? Two types of mining, for two different uses First of all, RandomX has two mining modes.
Cryptography used If the Monero XMR project has us accustomed to something, it is to the use of advanced cryptography in its developments. Although all this seems a bit cryptic, what the RandomX algorithm means is that its proof of work works under two important premises: You need a key called K that must change every blocks.
This key is vital for RandomX to be able to generate valid hashes and blocks for the network. The key is generated with data from the blockchain and ultimately with a secure key generation system. Among these conditions we can include: bit CPU architecture, allowing it to handle large volumes of data and memory. If the unit is not compliant, the data generated by the algorithm cannot be validated.
Support for AES. If the support is by hardware with extensions like AES-NI, the performance of the algorithm is much better. Lots of cache memory for each thread of the algorithm. An operating system with support for handling large memory pages.
This system can be defined as follows: The random program is generated first. It is what the VM does when starting the scratchpad and all the elements of the program in a first work cycle. Random programs can only use instructions from the VM, but the VM translates these actions into machine code understandable by the CPU.
As the instructions make use of cryptography the optimization is very expensive. Finally the execution of the program, at this point the VM allows access to the CPU and its capabilities without losing the association with the random program.
This point occurs under very specific and special conditions already programmed into the RandomX algorithm.
Dual mode fast start
Metrics details. Illicit cryptocurrency mining has become one of the prevalent methods for monetization of computer security incidents. The most popular illicitly mined digital coin is Monero as it provides strong anonymity and is efficiently mined on CPUs. Illicit mining crucially relies on communication between compromised systems and remote mining pools using the de facto standard protocol Stratum. While prior research primarily focused on endpoint-based detection of in-browser mining, in this paper, we address network-based detection of cryptomining malware in general.
Dual Mining: Profitability| Pros & Cons -Best Coins (Single Or Dual Who wins?)
Mining monero has never been easier, so get started today Step 1: Get yourself a Monero address to mine to! Note that mining on GPUs is currently not very efficient. We recommend using XMRig, available at xmrig. Step 3: Setup your miner. Example command line for xmrig: xmrig -o pool. You can also use the XMRig config wizard Then sit back and wait for your pending reward to start increasing on your dashboard. You can see your pending reward on your dashboard.
How to buy Monero (XMR)
This guide is for dual mining with a Managed Miner without using the profit switcher. When using the profit switcher, Awesome Miner will automatically run dual mining if it's more profitable than only Ethereum mining. Claymore's Ethereum Dual mining software support mining one secondary coin in addition to Ethereum. This guide will focus on Decred as the secondary coin, but the concept for the other secondary coins are the same.
Hello!👋🏻 How can we help?
You may have heard the term mining cryptocurrency in general. Mining in the crypto world is the method of holding blockchain data in check. It includes hard work performed by computers and results in slow growth of resources — just like mining for minerals. Although mining is not for everyone, anyone can become a miner. Moreover, this protocol deploys one-time ring signatures to provide anonymity.
How to Mine Cryptos Like BTC, ETH, LTC, DOGE, and BCH
How to Mine Cryptocurrency. How To Mine Bitcoin. How To Mine Ether. How To Mine Litecoin. How To Mine Dogecoin. How To Mine Monero. How To Mine Bitcoin Cash. From bitcoin to litecoin and doge, the processes for mining different cryptocurrencies have several similarities and differences.
This Tesla owner says he mines up to $800 a month in cryptocurrency with his car
While everyone is talking about Bitcoin, its main competitor - Ethereum ETH is developing at a rapid pace. Ethereum, like Bitcoin, is based on blockchain technology and allows payments. Platform transactions are processed faster, there are smart contracts , and even its own Kickstarter.
www.makeuseof.com
Cast XMR Version 0. While Nimiq tests thoroughly, there is always the possibility something unexpected happens that causes your funds to be lost. If you understand Rank No. Web hosts can provide incentives for visitors to perform desired actions for said hosts. Ensure that the file minergate-cli. OS: Windows, Linux.
Mining Monero
There are countless ways to make money with computers, but right now there are few as interesting and potentially lucrative as mining for crypto currency. The decentralization of money has led to a digital gold rush, as individuals, mining pools, and full-fledged mining companies vie for the same blocks. So how do you stake your claim and mine your own minty fresh crypto cash? The first thing that you need to understand is that, just like rushing out to California, buying a pick, and riding your donkey into the hills, mining cryptocurrency is a bit of a gamble. Even the more obscure blockchains have thousands of miners racing each other to find the winning hash. This will influence every other decision you make and it is in itself a complicated question. The more difficult the race, the meaner your machine needs to be.
Siraj Raval has tried just about every way there is to mine for cryptocurrencies from his Tesla Model 3. He's run free bitcoin mining software on his Apple Mac mini M1 and powered the computer by plugging an inverter into the volt power socket located in the center console of his car. He's also hooked up interconnected graphics processing units or GPUs to the "frunk" of his Tesla, running these machines off the car's internal battery. Bitcoin miner Alejandro de la Torre said that ultimately, mining from a Tesla is just like connecting to any other power source.
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