![]() ![]() Over the years, mining has been increasingly difficult to profit, as you compete against the whole world for a set reward, this is why we join with others and share the reward, a.k.a pool mining. Go ahead and press receive, this page will show you a QR code and a long string, this is your wallet address, copy it somewhere, or leave the wallet open as we’ll use it in a bit. So the official Monero GUI looks like this: Once downloaded, it’s highly recommended that you verify the download by following this tutorial So I’ll go ahead and download the official wallet from page and get the version for my system (in this case, Windows 10). In crypto terms this is called a wallet address. You can watch this tutorial in video format too: Requirements: Monero Walletįirst and foremost, we need somewhere to get paid. In this tutorial, we’ll see how to mine using specialized software called xmr-stak-rx. This math is hard, but its valuable for the network because it validates all the transactions, this is why solving the math problems is incentivized by creating new coins, which are paid to whoever solves them correctly. ![]() ![]() If you already have a wallet address, skip to the minig part hereĬryptocurrencies are trustless systems, so to work we use math, that way all parties can trust (or check) the math and not each other. ![]()
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