Is there a realistic way a person having an old computer and cheap (but not free) electricity can actually mine monero equal to some amount which can be used to donate to good service providers or purchase services?
I keep hearing about low reward to effort ration, but can I get a respectable amount in let’s say a year without having to deanonymize myself by going to a Centralised exchange?
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No.
I mean, check https://www.coinwarz.com/mining/monero/calculator and see for yourself, but I don’t think so.
You may be better off asking a Monero community; I think they have more knowledge on this matter.
Hey I did some actual testing. On an old dual Xeon pc it’s barely worth it. You might get about 2 monero a year output and after paying for the electricity it ran a $100 yearly profit.
This was with a 40 core 80 thread rig set up to be relatively efficient per watt with a fair amount of optimization and some stuff set up that would make it not really useful for other applications.
It was also decently loud and hot.
E: You are really probably better off just laundering your cash and using that to directly pay for stuff or buy monero if you absolutely, positively have to have an immutable ledger.
I can help you figure out how to use cash in a way that keeps you anonymous or private if you will say what keeps you from being able to.
Of you want to donate to providers or purchase services you are better off just paying cash, or anonymous through those prepaid visa cards. Mining (if even possibel) on that PC is just going to run up your electricity bill.
Cash withdrawal / Prepaid cards can be traced back to me and I would like to avoid them if possible. As I said electricity is cheap but I would like to know the reward to effort ration for a PC like https://linux-hardware.org/?probe=578a7e4ccf
How is cash traced back to you? And you can pay cash for a prepaid card so the transaction is pretty anonymous.
I haven’t followed the coin you may be using but recently bitcoin were hitting the reward is not with the cost of gear and electricity, causing miners to move to something else. I think that is by design of how cryptoworks, you eventually reach a stasis of mined coins
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They don’t know who you gave cash to if you take cash out of bank and then send via mail, money order etc
Cash has unique id to reach bill, which can be logged on withdrawal, final point of reentry system can be logged. Of course, everything in between is unclear. But with enough re-entries at various points in time, a fuzzy picture is possible. Especially with multiple sources of withdrawals going through a common mid point.
Sure, but nobody is checking that, and if you were such high profile that you thought somebody would be, you just stop a few stranger and ask for change for a 20 etc and the numbers tracking will dissolve quickly.
If you /OP are that paranoid about cash, crypto is worse, its a full ledger of every transaction.
And mining it is not anonymity because the proof you mined it has to be checked in the entire system.
Lookup RandomX cpu benchmarks. That will tell you roughly what the CPU is capable of doing as far as hash rate, and then you can stick that into a calculator such as on the nano.p2pool.observer site under share calculator.
Wrong forum for this type of question.
But No. Its also not nearly as big of a deal as your making it out to be. No one cares you’re topping off your mulvad subscription using xmr. Just use cash or buy crypto on a CEX/atm/local and swap to xmr. Especially on an old, less power efficient computer. You need to use Ryzen CPU, folks usually buy minisforum pcs for this.
just ran the numbers, if you get one of these newer amd ryzen pc’s you actually might be able break even if your electric is less than 12 cents USD / kwh
use xmrrig.com for benchmark for cpus use miniforum pcs or build your own use https://www.coinwarz.com/mining/monero/calculator use monerica for swap services
Also, if your this concerned with your privacy you should run your own node. See monero.fail
