Profitable CPU Mining Coins

bkakani9 (25)in #mining • 7 years ago

Many people want to try mining cryptocurrencies but unfortunately the initial set up is way to hard for many coins as we need to procure ASIC's and GPU's which are costly.
So Instead of buying those we can mine with CPU also.The coins which we are going to mine are GPU and ASIC resistant

Today i am going to list 2 coins that are still profitable to mine with cpu provided you have a low electricity price.

Monero

Monero has been around from 2014 and it uses cryptonight algorithm for POW which can only be mined through CPU.The price of Monero has exploded recently making it profitable to mine.The setup is easy as you can create a web wallet and directly run the miner.

miner:

https://github.com/xmrig/xmrig

pool:

https://www.minexmr.com

2.Aeon

Aeon is a fork of monero and uses cryptonight-lite with 1 MB scratchpad ,it can easily run on mobiles also.Aeon's price also exploded in the last few months coming from .25$ to 4$.The initial set up is complicated as you need to create your own wallet by downloading Aeon as there is no web wallet availalble for it.The instructions can be found on the github page.You can use the same miner as monero here with an additional argument indicating to use cryptonight-lite.

miner:

https://github.com/xmrig/xmrig

pools:

https://aeon.sumominer.com
https://aeon-pool.com

#cpumining #money #altcoin

7 years ago in #mining by bkakani9 (25)

$0.00

3 votes

Sort:

Trending

[-]

doodlebear (-4)(1) 7 years ago

Very interesting. How do you trade Aeon since you have to download the wallet, how do you connect with trading partners for an exchange? For Monero this seems not to be a problem.

@cfminer, an account belonging to a user who's running a bot here on Steemit just recently made an interesting mining offer: You pay him some SBD and from the money he builds a mining rig and you get regular payments in SBD here on Steemit without having to do anything else. I find that a very convenient solution.

Another thing: Here is some advice I give to newbies on steemit:

never just copy a text or publish a photo/video without explanation. Always add some text and never forget to add an image to a text.
Always use all 5 tags for more visibility.
here is an interesting site where you can look up the stats of your account and others.
this is another stats site where you can see your reputation and what to do to climb up the ladder. (commenting other posts is very important).
there is even a help site for Steemit where you can find explanations for the site's functionalities
if you want somebody to read your article or follow your conversation, mention their username (don't forget the @).
commenting other posts is very important because you get "curation rewards" which means Steem Dollar from the pot for the article as a reward for the interaction.
learn the Markdown styles to format your posts (you can find how it works in a link on the right side below the text box)
this is a newbie article that has been recommended.
A lot of votes on steemit come from bots that you (or others) can pay for a vote. Depending on the bot, you end up with more $$ than you had before.
All bots work pretty much the same way: You go to your wallet and click on the little arrow next to the Steem Dollar amount. Then click on transfer, fill in the name and the amount and add as memo the URL to the article for which you want an upvote. Very simple.
Here is a site where you can compare the performance of difference upvote bots.
As far as I know, the best upvote bot currently is @rocky1.
There are also resteem bots, but I don't find them too useful and don't know which one is good.
Be careful with your password and watch out for scamming attempts. Several big accounts got stolen and now they try to lure others into giving away their password by posting comments with links to fishing sites.
you have several different passwords. Whenever you have to use a password and it is not stated differently, use the active key and as little as possible your owner key! The latter is the big key to your account and if that is gone, you account is gone.

I will follow you now. (<- always add that to a comment when you intend to follow the person who wrote the article. This way, you increase the likelihood that they follow you as well.)

$0.00

2 votes

[-]

bkakani9 (25) 7 years ago

Hi @doodlebear,
Thanks for the advice.
Regarding trading of aeon there are many exchanges that support aeon the major one being https://bittrex.com
Once you download aeon from https://github.com/aeonix/aeon/releases/tag/v0.9.14.0 and compile aeon you should run the simplewallet executable file.It creates a wallet and gives you a seed and address for your wallet.The seed can be used to recover the wallet.Once you have some balance in your wallet run the daemon which is aeond executable and then open the wallet and enter refresh command .
After refreshing you can see your balance which you can send to your exchange wallet like bittrex to trade with .

$0.00

[-]

doodlebear (-4)(1) 7 years ago

.. and compile aeon

That's the part where I leave the train. I know how to do it, but that is something that is done safely only by programmers. The whole thing reminds me a bit of the whole Linux world, for which it took >10 years until a half-way decently usable version appeared for non-experts. I guess, it will be the same with crypto.

$0.00

[-]