MonaCoin price today, MONA to USD live price, marketcap and chart Leave a comment
A low market cap coin may be really profitable one day, and then could have half the payout tomorrow. You monacoin cloud mining see, pool mining allows you to combine your resources with that of other miners. With all that computing power combined the mining pool is more likely to find blocks more often. And then the block rewards are split between the miners in the pool. Not surprisingly for a coin that bills itself as the first cryptocurrency made in Japan, VipPool.net is the largest Monacoin mining pool and it is based in Japan.
The red arrow indicates the GPU’s it has detected in your system, as well as the total speed. Replace “User_name”, “Worker_name”, and “Worker_password” with the details that we setup on the “MyWorkers” page. We will not focus on CPU mining since it is not profitable, compared to GPU mining.
Mining Rewards Stats
Using a pool will allow you to receive consistent payouts, multiple times per day. Calculate your Monacoin mining profitability and estimated mining rewards by starting with the Monacoin mining hashrate calculator inputs above; mining hardware, mining costs, and mining reward. Accurate Monacoin mining calculator trusted by millions of crypto miners. Best Monacoin mining profitability calculator with difficulty, hashrate, power consumption (watts), and kWh preloaded for 2024.
- MONA is the first alternative cryptocurrency developed in Japan.
- This information is used as the default inputs for the MONA mining calculator along with the default hashrate and wattage specs from the best Monacoin miner.
- Every aspect of our Monacoin mining calculator has been developed for miners by miners.
Pool Mining or Solo Mining Monacoin
The pool mining fee is a reasonable 1.25% and there are global servers so no need to worry about location. Hash power varies as the pool changes from coin to coin, but is generally 10% or less. If you’ve read any of our previous articles about mining other coins you know that the features to look for in mining pools are very similar from coin to coin. It’s too early to say for sure, but it certainly looks as if the ASIC miners are taking their toll on the profitability of solo mining Monacoin as you can see here at WhattoMine.com. With that being the case I wouldn’t recommend solo mining (unless you have one of these Lyra2REv2 ASIC rigs), and instead you should focus your efforts on pool mining of Monacoin.
Monacoin Mining Rewards
There are several different ways that rewards can be split, but at the end of the day they all end up being equivalent in the long run. With Mondacoin pool mining you’ll get coins more regularly, even if it’s just a small amount. It is important to point out that the number of days calculated does not account for difficulty increases and decrease as well as block reward increases and decrease (halvening).
Monacoin Block Reward
Miners earn 25 coins for every 90 blocks processed; block generation time is 1.5 minutes and mining difficulty depends on each block. They currently only guarantee BTC payments, and you can mine Monacoin, but get paid in Bitcoin if you like. Note that with Zpool you choose the algorithm and Zpool decides which coin in the algorithm is most profitable to mine.
Monacoin has its roots in Japan, but based on the mining pool activity it has been spreading its wings. MiningPoolHub is currently the second most popular Monacoin mining pool, with roughly 25% of the pool hash rate. That’s a little bit high, but Monacoin is pretty decentralized, and given the number of pools involved in mining it’s probably ok to mine through them. As far as I can tell there is no mining fee at VipPool.net, but unless you can read Japanese you’ll have to choose another pool, since the VipPool.net website is only in Japanese. That’s ok though, because with nearly 50% of the hashing power you’d want to choose a different pool anyway.
