CryptoMining and Total Cost of Ownerships

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Revision as of 01:08, 1 December 2021 by David (talk | contribs) (Created page with " sudo apt install git build-essential cmake libuv1-dev libssl-dev libhwloc-dev git clone https://github.com/xmrig/xmrig.git Then configure the environment: cd xmrig mk...")
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sudo apt install git build-essential cmake libuv1-dev libssl-dev libhwloc-dev
git clone https://github.com/xmrig/xmrig.git

Then configure the environment:

cd xmrig
mkdir build
cd build
cmake ..

Then build

make -j 4

Then run

./xmrig -o gulf.moneroocean.stream:10128 -u 42vEACokepxRuwpD8KTEBUQ7LD3nHDX51FmuQoRWTCFHAs3QsXMyPVeVjRdaGUqVb6bnWo5e9Cahs4VDUiwrog4hSq1pKHF -p boxname

You can look at the hash rate of your mining pool here:

https://moneroocean.stream/

Running a TCO

Why don't you see if you can run a TCO on this: https://www.cryptocompare.com/mining/calculator/xmr?HashingPower=100&HashingUnit=KH%2Fs&PowerConsumption=1200&CostPerkWh=0.12&MiningPoolFee=1

What would you need to make these equations work?

Would it be ethical to do what would be required to make these equations work? Are cryptocurrencies ethical?

Can I leave you with hopefully some lasting words:

 "It's probably not worth compromising your ethics, your job or your respectable university student status to chase $4 worth of potentially imaginable money"