Grin mining for noobs

Mining
#1

Hi guys, a noob here asking what is probably an obvious question…

Can someone please post detailed instructions on how to mine Grin?

In Version 5.0, with the recent hard fork, I see a massive drop in mining graph rate in the network, and I would like to contribute to raising it back up. I have access to NVIDIA V100, A100, RTX, etc.

#2

Why would mining grin? To sell or hold?

#3

I am long time holder…no sense in selling grin at $0.30.

#4

Mining ETH and every day change it to GRIN that is better solution.

1 Like
#5

If you want to mine Grin here are some starter guides:

2miners mining pool:

herominer mining pool:

grinmint:
https://blog.blockcypher.com/mining-grin-on-grinmint-a-step-by-step-tutorial-98235c038876

What you need to mine is:

  1. is a wallet to be online, either the official grin-wallet (Rust implementation) or Grin ++ (C++ implementation)
  2. A high end video-cards with a lot of SRAM. Grin’s cuckoo cycle mining algorithm is low on power usage but heavily depends on SRAM for its performance, hence only with high end video-cards such as RTX series, it is worthwhile to mine.

You can use Gminer for NVidea, Bminer for AMD, or Lol Miner for both. I
personally use Gminer with NVidea cards. Most links above give instructions for mining for all three mining softwares.
Good luck mining :grin:

1 Like
#6

Thanks for the links to the mining pools. The one on 2Miners was very good, although a bit confusing in some parts, with the address etc.

What mining cards do you guys recommend? I might get access soon to NVDA V100 or A100, but those are expensive cards for deep learning, plenty of memory though.

#7

hi there, wouldn’t the transaction costs of exchanging ETH cut too much into the mining profit?

Any idea what the profit might be at this point, given the network hash rate? I am expecting a mining cost of $0.15 per coin versus a market price of around $0.30 to $0.40, which is not bad.

#8

how many and with which cards you mining?

#9

I don’t have them yet. I am looking at getting a V100 (for a machine learning project) or A100 possibly. But for mining, I think I better go with a less expensive card.

#10

Here u are:

https://www.f2pool.com/miners

IMG_20210202_122434
IMG_20210202_122434719×1392 112 KB

1 Like
#11

Thanks, guys. Really useful guides and examples.

1 Like
#12

What mining pools are y’all using?

#13

Grinmint is my suggestion. The operator is involved with the project and is very fast to update the pool

#14

Same here, I use Grinmint for joined mining as well as heromining pool for solo mining.
Both work fine for me.

#15

I’m curious, why are you using a pool for solo mining Grin?

#16

Because it is more work to set up solo mining without :stuck_out_tongue:
In this case it just required me to put “solo:” in front of my address, so very little work indeed to switch between pool and solo mining.
Basically if I would find a nice tutorial on how to do real solo mining, I would do so.