First of all i am completely new to Monero mining. Why do i want to do it? I have some solar Panels and way too much energy especially over noon which i cannot use, so normally i “donate” that to the electricity company.
Okay so i have monerod and p2pool running on a VPS i rented for my blog etc, so i dont need to run that on my low power 24/7 Intel NUC at home.
I min now with my Laptop which does about 2,4kH/s and with my Gamin PC which does approx. 4,6kH/s.
I see that the miners get new Jobs from p2pool but okay i dont got any share till now (whats a share anyway).
So what i like to know: do i already contribute to the Monero Network right now or is the computing power wasted? What would be a shame.
Second question: I am mining on the mini side chain, do i have an chance to get a revenue with that setup, so with quite low Hashrate under 10kH/s and that also only for approx. 8 hours a day? Or is it simply useless what i am trying to do?
My goal is simply to get a bit of monero out of my computing power to may cover the 2-4€ hosting costs of one of my VServer.
If you have free power and mine with about 6kH/s i think you should be able to cover the hosting of the vps, haven’t mined myself in a bit though, hot and expensive power without solar :/
You’re definitely supporting the network by mining, no matter how little (and 6k isn’t that little), every bit people contribute needs to be overpowered by a potential attacker!
The 8 hours a day is what makes your situation challenging, more than the 7kH/s. Controversial as it may sound, I would consider mining on the largest pool I could find, the one that finds the most blocks per day, giving your 8 hours a better chance at getting paid. I haven’t checked the numbers mind you, so DYOR.
Questions is how high is the chance finding a share in 8 hours in a very strong pool like nanopool or supportxmr. Right now i am Mining at p2pool mini sidechain with approx 10kH/s. Till today i was lucky and received an payout every single day i mined.
That’s great! I assumed it wouldn’t be that often. Keep at it and see how it goes. Unless you consistently have days in a row not getting paid, you’re doing great. P2Ppool is only getting stronger!
DO NOT CONSIDER MINING ON THE LARGEST POOL.
seriously, there is no benefit to it. on p2pool you can be paid out every few hours, using ANY centralized pool you will have to wait for payout thresholds and then pay transaction fees (and potential pool fees) on payout. in addition, centralized pools can steal your funds.
if you dont know how to use p2pool, check out the gupax guide its even easier than setting up with a centralized pool (linked in the sidebar).
You do realize, part-time mining you could be shooting blanks for days mining on a smaller pool (p2pool included). Keep that "ANY centralized pool"crap out of here.
10 shares weighed at 10 is the same as 1 share weighed at 100. If you mine centralized, youll get a bunch of low weight shares and wait days or weeks for a payout and lose say 5% of it to fees. If you mine p2pool youll get a high weight share every day or so and get paid out immediately.
“shooting blanks” means nothing when your hits are way way bigger.
Shooting blanks means everything when you mine for 10 days straight, get no rewards and you decide it isn’t worth the trouble. Part-time mining there is a very good chance of that happening. I’m not sure what you’re trying to prove here.
BTW, how much exactly is “way way bigger”?
mine for 10 days straight, get no rewards
on an old computer you would have to only mine an hour a day for this to happen on average. even smartphones will see payouts every day or so.
lets say you’re mining the same amount on a centralized pool like nanopool or supportxmr, with their minimum payouts of 0.1 xmr it would take 20 years to get a payout with the old pc and 2 years on the smartphone.
whos gonna decide it isnt worth the trouble, the miner getting sub biweekly feeless payouts or the miner waiting 20 years to see their $15 minus fees? daily vs 2 years for the phone.
how much exactly is way way bigger
equivilent to the sum of the small shares you’d find on a centralized pool in the same time frame.
on an old computer you would have to only mine an hour a day for this to happen on average.
That makes zero sense, explain it to me. What is the pplns window? How many blocks does p2pmini find in a day?
Also:
how much exactly is way way bigger
equivilent to the sum of the small shares you’d find on a centralized pool in the same time frame.
what?
check out https://mini.p2pool.observer/calculate-share-time and subsequently check out low hashrate miners on the site and see how often theyre being paid out for shares.
take an old computer of about 2kh/s, divide by 24 for 1h a day of mining, and you get ~10 days per share and thus payouts. if you get unlucky and say it takes weeks instead, at least youre not waiting 20 years on centralized pools lol. figured id mention youre just as likely to get extra payouts in the same time frame.
for the last question, refer to my original(?) comment where I mentioned share weight, otherwise I dont understand whats confusing.
Test to see if it now gets federated. Hasnt been for approx. 24h
