0% fee mining SWITCH NOW
It is the officially recommended way to mine Monero! Here are seven easy steps:
- 1) Download the bundled version of Gupax examples:
windows file: gupax-v1.3.1-windows-x64-bundle.zip
macOs file: gupax-v1.3.1-macos-x64-bundle.tar.gz
- 2) Extract
- 3) Launch Gupax
- 4) Input your Monero address in the P2Pool tab (or create a new one for mining)
- 5) Select a Remote Monero Node (or run your own local Monero Node)
- 6) Start P2Pool
- 7) Start XMRig
Motivation: The hashrate of centralized pools increases; so: miners update the mining software and/or start new workers, but do not change their used pool to p2pool. p2pool should be used in general because it is the best technology and:
- 0% fee
- 0 XMR payout fee
- ~0.00027 XMR minimal payout
Maybe an monero.town OP can pin this. It’s important.
Because—at least partially—it’s community-based: grass root users maintain it, not for profitability but for philosophy, experiments, or some kind of idealism, happily running full nodes, while fully aware that running cost may be higher.
For sustainability of Monero, the main issue could be regulation pressure (and potentially, the existence of big, influential “players” who are very visible and harder to “hide”). That aside, users are generally willing to donate hashrates and make donations in general. I’m afraid this might not scale well, though, if Monero becomes too popular, with a lot of “free riders” (that’s a different problem, so far not realistic).