If you have AMD GPU’s, you will usually be mining Ethereum or Zcash. But you can also mine Monero ! Indeed XMR is a great choice for mining, as it uses 10 to 15% less power than ETH. Here is how to get started.
First off, you will need a miner. Of course as per usual Claymore offers a good product, but it comes with a 2.5% fee. It is the Claymore Cryptonote GPU miner. There is also Wolf’s XMR GPU miner, and Sgminer-GM. Wolf’s may be fastest for Polaris models. Try with 2 threads, 4 workload and 504 rawintensity
Once installed, setup is with a .bat file as usual. Note : for XMR, you can mine directly to an exchange, but you must put your “payment ID” after your wallet address, and not all pools allow it. Plus some pools have really high minimum withdrawals, so you may be better off mining to a web Monero light wallet and then transfer funds from there.
For pools, there are many, one of the biggest is Dwarfpool, which you can find here. Instructions to connect are simple and straightforward (2% fee). There is also MoneroHash.com and MoneroPool.com just to name a few.
XMR is most profitable with the Rx470, as it can hash out almost 800 hashes, almost as much as an Rx480. Don’t forget you can also CPU mine XMR, see the claymore page for a link to the miner. You can also CPU mine with this awesome new miner, XMR-Stak.
The are many pretty decent deals on Rx 470s and Rx 480s, but you really should go out and look for them yourselves ! A good place to start is Build a PC sales, and Build a PC sales Canada on reddit !
A notable deal however, is the Sapphire Nitro R9 Fury, (click to go to the product page, referral link) which is at 400$-60$+shipping over at newegg.ca for Canadian shoppers. Plus if you pay with Masterpass and use the coupon code MPBOX25, you get 25$ off ! We’ll have a review of that GPU soon, so stay tuned !
The latest version of Claymore’s ZCash (ZEC) miner is out (v9.2) ! Hashrates have improved a bit. We are talking about up to 5 to 10% increase in hashrate on top of the V9.1 update.
We can report the following speeds:
- Rx470: 208 sol/s
- Rx480: 245 sol/s
- R9 380: 165 sol/s
- R9 390: 320sol/s
Latest version v9.2:
– improved speed for some cards up to 7% (depends on card model). About 330H/s on stock 390X, 235H/s on stock RX480, 300H/x on stock Nano.
– several bug fixes and minor improvements.
This update reduces speed on the 280x, so stay with the v9.1. In the future Claymore will auto detect the proper algorithm. This pushed ZCash back in profitability compared to ETH for GPU crypto miners.
On another note, Boxing day is almost upon us so stay tuned for great deals !
***Remember, No pre-orders***
Pandaminer has come out with a new ASIC-style (not an asic) GPU miner. You can mine anything you would on windows, runs with claymore’s software too. Basically, its a mini computer, with 8 Rx480s (probably MXM-mobile), apparently 8gb memory too. The advantage is the server rack configuration, which enables easy large scale development.
So far its on pre-sale, so do not buy it. Its a bit cheaper to build on your own (we recommend you stick to building rigs), plus you can resale your GPU’s, whereas this miner can only be resold for mining. You can follow the bitcointalk thread here. It seems nicehash miner does not work on this machine.
See the Nicehash twitter here ! Some users claim 370 sol/s with a 1070, although we can’t verify that data since we have no 1070s 🙁 Try it out and let us know what you get ! Seems crypto mining with Nvidia isn’t so bad afterall 🙂
Its time to update your rigs again, we have updates ! First off, a few minutes ago Claymore’s ZEC AMD GPU miner has been updated to v9.0.
***v9.1 now available. Dev Fee reduced to 2% if using SSL connection and added stability***
Here are the details:
Latest version v9.0:
– improved speed by 3-20% (depends on card model). About 310H/s on stock 390X, 220H/s on stock RX480, 295H/x on stock Nano.
– added “-i 7” and “-i 8” values, about 1% speedup, but can be unstable in some cases.
– added SSL/TLS encryption support for better security, see “-zpool” option description in Readme file for details.
– added “License.txt” file that contains the License Agreement.
– added “-v” option.
– several bug fixes and minor improvements.
– EthMan: improved saving options.
So far we can say that for Rx470/480 models you will see an 15 to 20% increase in hashrate. For a 390, a 5% increase, a 380 a 10-15% increase and a 280x a 4-5% increase. We’ll take what we can get, but we are hitting the maximum as far as optimization for zec goes. Fortunately, there are other developments in the works, and it may be possible to hit 300sol/s with a Rx470/480 in the future, so stay updated !
SilentArmy (by MRB, who won 10k$ in the open source contest for ZEC) is also being updated. This is great news for the open source community. V6 should be out in the near future. User Zawawa is also working on a silentarmy fork that looks promising. Finally, user NerdRalph said he will probably take a look at ZEC to try to improve mining speeds. These are all very capable users and this is good news !
For the Nvidia users, we have a new miner, EWBF’s miner. Use at your own risk. Users report good hashrate, but lots of rejected shares and some instability. Will be updated soon. We recommend you stick to Nicehash’s EQM miner.
Every week or so you will be able to find great deals on crypto mining hardware right here ! This is mostly for the USA and Canada regions. A great place to find PC hardware sales is on reddit : Build a PC sales and Build a PC sales Canada. Full disclaimer: When possible I include a referral link to the item, this helps support the website. A large part of profits will go to future giveaways and promotions (they will be announced on the main page).