Introduction to fair Monero mining

⛏️ Fair CPU pool mining introductionMonero (XMR) is one of the only projectswhich offer a way of mining in a pool as it should be implemented,with P2Pool:

• Fair - Instant payouts according to your share.
• Decentralized - No pool owners - No centralized party handling the P2Pool.
• Decentralized - Pool participants - Due to the RandomX algorithm being used, no specialized Antic miners can be built for XMR. Meaning that an average Joe can still participate and earn shares with their CPU.
• Private - XMR itself continuously aims for the best possible privacy cryptography can offer.

Source Code / Links:

• Gupax: A GUI (Graphical User Interface),to easily mine Monero on P2Pool using XMRighttps://github.com/hinto-janai/gupaxhttps://gupax.io/
• P2Pool: Peer to peer pool, truly decentralized pool for Monero mininghttps://github.com/SChernykh/p2poolhttps://p2pool.io/mini/#poolhttps://p2pool.io/#pool
• XMRig: RandomX, KawPow, CryptoNight and GhostRider unified CPU/GPU minerhttps://github.com/xmrig/xmrighttps://xmrig.com/
• RandomX: Proof of work algorithm based on random code executionhttps://github.com/tevador/RandomX
• Monero: The secure, private, untraceable cryptocurrencyhttps://github.com/monero-project/monerohttps://www.getmonero.org/
• Monero GUI: Official Monero GUI, for wallet, miner and monerod nodehttps://github.com/monero-project/monero-gui
• P2Pool Observer: Monitor various P2Pool statshttps://mini.p2pool.observer/https://p2pool.observer/
• XMRvsBeast: Enter a free lottery, only for participating XMR miners,to win a chance of a short, but serious boost in your hash-rate / payouts!https://xmrvsbeast.com/p2pool/
• Monero Fail: An extensive list of publicly hosted monerod nodeshttps://monero.fail/

⛏️ Fair CPU pool mining guideThis guide will help you setting up a fair Monero miner,please note, that you still will have to create your own config files for:Gupax, P2Pool and XMRig

1. Use Monero GUI to create a wallet
2. Use Monero GUI to run your own monerod instance (Monero Node daemon),configure following startup flags under:Monero GUI => Settings => Node => Daemon startup flags:

        properties
    --zmq-pub=tcp://127.0.0.1:18083 
    --out-peers 32 
    --in-peers 64 
    --add-priority-node=p2pmd.xmrvsbeast.com:18081 
    --add-priority-node=nodes.hashvault.pro:18081 
    --disable-dns-checkpoints 
    --enable-dns-blocklist 
    --prune-blockchain 
    --sync-pruned-blocks 
    --db-sync-mode=safe
    --log-level 1
    
     

These startup flags will help with:

• Blocking malicious nodes
• Keeping your copy of the blockchain as small as possible
• Provide logging incase a priority-node goes down(Use Monero Fail for replacements)

3. Configure the P2Pool + XMRig binary paths in Gupax under:Gupax => Gupax => P2Pool/XMRig PATHs
4. Use Gupax to run P2Pool,connect to your local monerod instance by configuring P2Pool as following:Gupax => P2Pool => P2Pool Mini => Fill in the following:

        properties
    Name = Local Monero Node
    IP = 127.0.0.1
    RPC = 18081
    ZMQ = 18083
    Out-peers = 32
    In-peers = 64
    
     

5. Use Gupax to run XMRig,connect to your local P2Pool as following:Gupax => XMRig => Command arguments (configure --threads as desired):

        properties
    -c config.json 
    -o 127.0.0.1:3333 
    --http-host 127.0.0.1 
    --http-port 18088 
    --threads 30
    
     

This will make it possible to load a config.json file from the same directory as the XMRig binary

Notes

• If you're gonna run on normal end-user hardware (e.g. Desktop/Laptop/Smartphone), then I'd recommend to mine on P2Pool Mini instead of the main P2Pool
• Your P2Pool wallet adress is public, periodically move mined funds to a new, truly private XMR wallet
• My use-case? I mine to support the cause and to earn a little back from heating my room during winter times 😄