In the highly competitive market of cryptocurrencies, Monero (XMR) has created a place for itself. Created in April 2014, today it is the 10th largest cryptocurrency with a market capitalization of $3.26 billion.
Monero has become a favorite among investors and miners because of its powerful performance last year. It went up from $10 in January 2017 to $494 in January 2018, giving a return of around 4800% to its investors. Isn’t that mind-blowing?
So, if you are thinking about Monero mining, then you’re not alone. The growth that Monero experienced last year has brought a lot of attention to XMR mining.
Monero mining might seem confusing, and you may have many questions such as: How does it work? What kind of software and hardware do I need? How do I start? How long does it take to mine one XMR?
But here’s the good news — today I will answer all these questions and many more related to Monero mining. So, by the end of this guide, you will have a clear understanding of what Monero mining is, and whether you should do it or not.
Before jumping to mining though, it’s important for you to know what Monero is and what makes it so special.
Link: https://www.bitdegree.org/tutorials/monero-mining/
