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submitted 1 year ago* (last edited 1 year ago) by bjoerns@feddit.de to c/moneromining@monero.town

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.

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[-] IP2@monero.town 1 points 1 year ago

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"?

[-] crab@monero.town 1 points 1 year ago

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.

[-] IP2@monero.town 1 points 1 year ago* (last edited 1 year ago)

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?

[-] crab@monero.town 1 points 1 year ago

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.

[-] IP2@monero.town 1 points 1 year ago

Cool, now calculate that and tell me what is the chance of you mining inside the pplns window. Also, what is the share weight when you're outside the window?

[-] crab@monero.town 1 points 1 year ago

what do you mean? when you find a share youre placed at the start of the window.

on p2pool, the "weight" is only relevant while the share is inside the window and on centralized pools is only relevant until the pool finds a block, or only the instant its mined depending on the payout scheme.

not trying to make this thread too long, are you trying to support a larger claim? can dm me if you have more questions.

this post was submitted on 19 Jun 2023
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