2018-07-20 13:45:52 +00:00
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{% assign version = '1.1.0' | split: '.' %}
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{% include disclaimer.html translated="false" version=page.version %}
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2018-07-16 13:13:48 +00:00
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## How to mine Monero (XMR) without a mining equipment?
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If you don’t have a profitable mining equipment, nor time or
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money to invest into building it, you can still mine Monero with NiceHash.
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NiceHash is a hashing power marketplace. Sellers of hashing
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power, i.e. miners, provide the hashing power for buyers (those who want to buy
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a service of mining a certain coin). Hence, NiceHash can provide you a massive
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hashing power in short amount of time. You won’t have to wait for years to see
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if you will make a profit or not and you can control which coin, at which pool,
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and for how long you want to mine.
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### **Step 1:** Create new account at NiceHash
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Visit [registration
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page](https://www.nicehash.com/?p=register) and register with your e-mail address.
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### **Step 2:** Deposit some Bitcoins to your account
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You will mine Monero, but you can buy hashing power at
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NiceHash only with Bitcoins. You can always withdraw unspent Bitcoins from your
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account back to any Bitcoin wallet.
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Visit your [wallet
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page](https://www.nicehash.com/?p=wallet) and make a deposit. Note that the minimum price for placing an order
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equals 0.01 BTC.
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### **Step 3:** Find a suitable pool for mining and add it to your pool list
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Selection of the pool plays a big role in the final amount
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of mined cryptocurrency. Make sure the pool you have selected can handle
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massive hashing rate and loads of shares, especially from a single connection.
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You can find a list of Monero pools [here](https://bitcointalk.org/index.php?topic=583449.0).
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Note that you will probably have to register an account at
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selected pool as well. The pool will provide you with all the information you need.
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You can save your favorite pools at [this page](https://www.nicehash.com/?p=managepools).
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### **Step 4:** Create new order and start mining
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When creating a [new order](https://www.nicehash.com/?p=orders&new), make sure you
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select CryptoNightV7 algorithm for mining Monero (New algorithm variant since 2018 April the 6th). If you want to first learn more
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about placing an order with NiceHash, we recommend you to read this [frequently asked question](https://www.nicehash.com/?p=faq#faqb0).
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If you want to bid on
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hashing power select Standard (bidding) order type and if you want a fixed
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order that cannot be outbid, select Fixed order type. The status of marketplace
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and approximate prices of mining can be checked at [live marketplace](https://www.nicehash.com/index.jsp?p=orders).
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