Randomx mining

1. What is RandomX mining?
2. Is mining Monero profitable?
3. Is Monero mining profitable 2021?
4. Who created RandomX?
5. What coin can I mine with CPU?
6. Is Monero CPU or GPU?
7. How do you mine 1 Monero a day?
8. Is Monero illegal?
9. How long does it take to mine 1 Monero?
10. Is mining Dogecoin profitable?

What is RandomX mining?

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 .

Is mining Monero profitable?

Is Monero mining still profitable? Not right now. Mining Monero is not profitable at this time with the mining hardware hashrate of 4,200.00 H/s, electricity costs, and pool / maintenance fees provided.

Is Monero mining profitable 2021?

Is monero worth mining in 2021? It's "worth it" profitability wise if your cost of running is less than the revenue you can make. Thus you need cheap electricity / low power consumption system. This is why many people mine using AMD Ryzen 3000 series CPUs; the hash/watt ratio is high.

Who created RandomX?

RandomX is a Proof Of Work algorithm developed by Monero contributors and adopted by Monero from release 0.15. This innovative POW is optimized for CPUs and it's based on execution of random code and other memory-heavy techniques.

What coin can I mine with CPU?

If you are looking for the cheapest crypto to mine, Monero and Ravencoin will be a good choice. Monero, for instance, can be mined on CPUs with normal computer hardware resources. Nevertheless, Bitcoin and Ethereum should be your top choice if looking for the most profitable cryptocurrencies to mine.

Is Monero CPU or GPU?

The best hardware for mining Monero is a GPU, however it can be mined with a CPU as well.

How do you mine 1 Monero a day?

There are currently no ASICs for Monero, which means that anyone with a computer can mine it. Using the formula n = (Network Hashrate) / (720 * Avg Block Reward) : n = 14444.4 H/s, or 14.44 kH/s to mine 1 XMR per day. You would need approximately 7 AMD RX VEGA 64 LC at 1980–2000 H/s each to mine 1 XMR every day.

Is Monero illegal?

Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable. This characteristic, however, does make it very popular on the darknet and for use with certain activities such as gambling and the sale of drugs.

How long does it take to mine 1 Monero?

Do you know how long it takes to mine one Monero coin? A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.

Is mining Dogecoin profitable?

Is Dogecoin mining still profitable? Yes, mining Dogecoin is still profitable - based on the mining hardware hashrate of 9,500.00 MH/s, electricity costs, and pool / maintenance fees provided.