2018-06-01 14:27:09 +00:00
|
|
|
|
{% assign version = '1.1.0' | split: '.' %}
|
|
|
|
|
|
{% include disclaimer.html translated="true" version=page.version %}
|
2017-12-05 19:43:20 +00:00
|
|
|
|
## How to mine Monero (XMR) without a mining equipment?
|
|
|
|
|
|
|
|
|
|
|
|
If you don’t have a profitable mining equipment, nor time or
|
|
|
|
|
|
money to invest into building it, you can still mine Monero with NiceHash.
|
|
|
|
|
|
|
|
|
|
|
|
NiceHash is a hashing power marketplace. Sellers of hashing
|
|
|
|
|
|
power, i.e. miners, provide the hashing power for buyers (those who want to buy
|
|
|
|
|
|
a service of mining a certain coin). Hence, NiceHash can provide you a massive
|
|
|
|
|
|
hashing power in short amount of time. You won’t have to wait for years to see
|
|
|
|
|
|
if you will make a profit or not and you can control which coin, at which pool,
|
|
|
|
|
|
and for how long you want to mine.
|
|
|
|
|
|
|
|
|
|
|
|
### **Step 1:** Create new account at NiceHash
|
|
|
|
|
|
|
|
|
|
|
|
Visit [registration
|
|
|
|
|
|
page](https://www.nicehash.com/?p=register) and register with your e-mail address.
|
|
|
|
|
|
|
|
|
|
|
|
### **Step 2:** Deposit some Bitcoins to your account
|
|
|
|
|
|
|
|
|
|
|
|
You will mine Monero, but you can buy hashing power at
|
|
|
|
|
|
NiceHash only with Bitcoins. You can always withdraw unspent Bitcoins from your
|
|
|
|
|
|
account back to any Bitcoin wallet.
|
|
|
|
|
|
|
|
|
|
|
|
Visit your [wallet
|
|
|
|
|
|
page](https://www.nicehash.com/?p=wallet) and make a deposit. Note that the minimum price for placing an order
|
|
|
|
|
|
equals 0.01 BTC.
|
|
|
|
|
|
|
|
|
|
|
|
### **Step 3:** Find a suitable pool for mining and add it to your pool list
|
|
|
|
|
|
|
|
|
|
|
|
Selection of the pool plays a big role in the final amount
|
|
|
|
|
|
of mined cryptocurrency. Make sure the pool you have selected can handle
|
|
|
|
|
|
massive hashing rate and loads of shares, especially from a single connection.
|
|
|
|
|
|
You can find a list of Monero pools [here](https://bitcointalk.org/index.php?topic=583449.0).
|
|
|
|
|
|
|
|
|
|
|
|
Note that you will probably have to register an account at
|
|
|
|
|
|
selected pool as well. The pool will provide you with all the information you need.
|
|
|
|
|
|
You can save your favorite pools at [this page](https://www.nicehash.com/?p=managepools).
|
|
|
|
|
|
|
|
|
|
|
|
### **Step 4:** Create new order and start mining
|
|
|
|
|
|
|
|
|
|
|
|
When creating a [new order](https://www.nicehash.com/?p=orders&new), make sure you
|
2018-03-28 15:57:00 +00:00
|
|
|
|
select CryptoNightV7 algorithm for mining Monero (New algorithm variant since 2018 April the 6th). If you want to first learn more
|
2017-12-05 19:43:20 +00:00
|
|
|
|
about placing an order with NiceHash, we recommend you to read this [frequently asked question](https://www.nicehash.com/?p=faq#faqb0).
|
|
|
|
|
|
|
|
|
|
|
|
If you want to bid on
|
|
|
|
|
|
hashing power select Standard (bidding) order type and if you want a fixed
|
|
|
|
|
|
order that cannot be outbid, select Fixed order type. The status of marketplace
|
|
|
|
|
|
and approximate prices of mining can be checked at [live marketplace](https://www.nicehash.com/index.jsp?p=orders).
|
