What is XMR (XMR)?

XMR is an open-source, privacy-oriented cryptocurrency on the Monero blockchain. Monero, originally called Bitmonero, was launched in 2014 after a hard fork from Bytecoin. Monero (XMR) is a cryptocurrency focused on privacy. It aims to allow payments to be made quickly and inexpensively without fear of censorship.

How does XMR work in Monero?

Whoever solves the hash (mathematical function) and validate the transactions first earn XMR in return. Miners are rewarded with XMR coins for verifying each block of transactions on the Monero network. This is similar to Bitcoin block rewards. So how many XMR per block?

How to mine XMR anonymously?

Your PC or Laptop will now start to mine XMR anonymously in return for securing the Monero network. Now let’s see how to use other mining pools. To connect to a mining pool you need a miner. A Monero miner (RandomX mining software) is an application that helps you to connect your mining hardware to the XMR blockchain or to a mining pool.

How to get XMR mining payouts?

Firstly you need Monero address to receive XMR mining payouts. You can either download the official Monero GUI wallet which is a full node wallet so it downloads the entire blockchain to your PC. Or you can use MyMonero which is a web wallet. Both are suitable for beginners and advanced users.