If you know much about crypto currencies then Monero should be familiar, but then some knowledge about Bitcoin should be a given.
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Monero (XMR) is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Meaning, Monero allows you to transact in incognito mode.
While some use Monero blockchain in their applications, most crypto currency users prefer to mine the Monero coin, however the question most people ask is that is it profitable?
Well the answer of course is subjective as it depends on what you use to mine it. Since Monero is ASIC-resistant, the entry level into mining has been lowered making it easy for you to start mining right away as long as you have a computer as only CPU is required. It’s so easy, you can start just using your compatible browser if you prefer not to install XMRig.
I did some research into mining Monero and found the most easiest way to start mining without investing any capital, just using my CPU resources which I already have. I spent a week mining Monero with a hashrate or 100H/s to 200H/s using just my browser.
If I wanted to achieve a higher hashrate, I would need to hire a mega computer or invest in CPU intensive computers that can achieve a hashrate of 100TH/s to mine coins effectively.
A week later I was still not profitable, I had made less than $0,01 which is quiet unbelievable to how many hours that were spent mining. Sounds like a complete waste, but it was not, because I learned I could mine Monero and with a nice capital investment, I could get a ROI under 6 months on dedicated CPU with at least 500MH/s mining.
It’s amazing how easy it can be to start mining any crypto currency, if you have the capital to invest, I think you should, but always do your research when your own finances are at stake.
My goal was to find out how easy it is to start mining a crypto coin with $0 investment.
**Conclusion**
After this exercise, I stopped mining Monero because I was not profitable but the entry barrier is really low to start making money. There are a lot of guides on how to start mining Monero on the net, so I excluded that process from this article. If you need guidance, talk to us and we will help you get setup.
**Summary**
Crypto currency mining is profitable when you invest your capital. Entry into crypto currency mining with $0 investment is possible but not profitable. A higher hashrate of 500MH/s is required to mine at least one Monero coin in a month.
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