What is Monero?How to mine Monero? | LLGO

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What is Monero?How to mine Monero?

Monero was launched in April 2014. It was a fair, pre-announced launch of the CryptoNote reference code. There was no premine or instamine, and no portion of the block reward goes to development. The founder, thankful_for_today, proposed some controversial changes that the community disagreed with. A fallout ensued, and the Monero Core Team forked the project with the community following this new Core Team. This Core Team has provided oversight since.

How to mine Monero ?

One of Monero's philosophies is to maintain egalitarian mining, so that everyone can have the possibility to mine. To achieve this, Monero uses a particular algorithm ideated and developed by members of the Monero community: RandomX. This PoW algorithm is ASIC resistant, which means it's impossible to build specialized hardware to mine Monero. Miners must use consumer-grade hardware and compete fairly.

Monero can be mined by both CPUs and GPUs, but the former is much more efficient.


BTC
Shut Down
Issue amount 21000000
24 hours volume 378.35K
24 hours turnover $ 40.38B
Market Direction Short
Panic Index 64 (Greed)
Swap Rate 1.90%
Market Value Proportion 64.13%
market value $ 10,884.85 x 100 million
24 hour increase 0.43%
Computing power 855.43 EH/s
daily output 0.00000054 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 3.96M
24 hours turnover $ 340.96M
Market Direction Short
Swap Rate 5.21%
Market Value Proportion 0.19%
market value $ 42.29 x 100 million
24 hour increase 2.49%
Computing power 2.51 PH/s
daily output 0.00000348 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 1.76M
24 hours turnover $ 917.04M
Market Direction Long
Swap Rate 8.89%
Market Value Proportion 0.31%
market value $ 41.74 x 100 million
24 hour increase 1.12%
Computing power 3.44 EH/s
daily output 0.00012667 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 139.40M
24 hours turnover $ 316.49M
Market Direction Short
Swap Rate 20.51%
Market Value Proportion 0.04%
market value $ 29.74 x 100 million
24 hour increase 0.07%
Computing power 22.63EiB
daily output 0.00340000 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 21410000
24 hours volume 433.18K
24 hours turnover $ 4.17M
Market Direction Short
Swap Rate 6.54%
Market Value Proportion 0.00%
market value $ 1.36 x 100 million
24 hour increase -2.60%
Computing power 14912.60839843 PiB
daily output 0.00026750 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 7.70M
24 hours turnover $ 126.18M
Market Direction Short
Swap Rate 5.06%
Market Value Proportion 0.07%
market value $ 19.91 x 100 million
24 hour increase -0.70%
Computing power 251.95 TH/s
daily output 0.00004813 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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