![]() XMR can also be traded directly for fiat on some major exchanges.Īnd last but definitely not least, Mining XMR, which is based on the CryptoNote algorithm, uses less electricity than both Ethash Dagger Hashimoto coins (Ethereum, Ethereum Classic, UBQ) and Equihash coins (Zcash, Zencash, Hush). It’s a cheap way to slowly build up a holding position in Bitcoin.Īdditionally, BTC can be easily sold for cash, so mining XMR can be a good way to indirectly fill up your bank account or earn cash. ![]() Second, Monero is easily traded for bitcoins (BTC). Here are some good reasons to mine Monero:įirst, mining can be a great way to subsidize the purchase of a new, high-end GPU (or two, or three…). If you want a more detailed explanation about each step keep on reading, here’s what I’ll cover:ĭon’t like to read? Watch the video version of this guide: I know it sounds extremely simple, but that’s really all there is to it. Step 2 – Tweak your computer to maximize mining results Here’s a quick guide to mine Monero with your GPU or CPU: This post will describe how to get started with Monero mining instantly. ![]() ![]() Even better – you can still mine Monero with CPU, so your Mac or PC can actually earn you coins as well. Similar to Zcash mining and Ethereum mining, Monero mining (aka XMR mining) is very simple. ![]()
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