Hi Everyone,
Monero is an open source cryptocurrency. That focus heavily on scalability,privacy, and decentralization. It works proof of work in mining.
What is Monero Mining?
Monero Mining refers to gaining Monero coins by solving cryptograpic equations with use of medium power of computers like Home Computer. In monero Mning the low amount of hashrate is Enough for mining Monero. They are worked on RandomX algorithm. In Monero Minig you need some Hardware (CPU or GPU and Mining Pool or Mining Software).
Why Mine Moero Coin?
Miners play the important role in maintaining the total circulating supply of monero or other cryptocurrency. In case anyone can mine Monero they need computer and mining software/pool. Monero has no upper limit like Bitcoin. Bitcoin have a limit in 21 Million coins.
Monero Block Found Time
In every 2 Minutes found at the time of solving problems with a current block reward of 1.26 XMR. Monero Miners are come up with a particular algorithm called RandomX.
Mining Monero is Profitable?
Mining is a form of business and you should think about the profitability of XMR mining before investing in expensive mining equipment. One of the advantage of mining monero is that it not requed high power hardwares like GPU, you use CPU for Mining Monero. You can also strat with a simple CPU.
