How to earn free Monero crypto currency

What is Monero

Monero was developed based on the open source code and owes its core features to many users who have made significant contributions to the creation, testing and development of this cryptocurrency. The use of blockchain is a very stable and familiar feature of many cryptocurrencies. Simply put, this technology allows you to store records of all transactions made using cryptocurrency and gives them general access at any time. The main feature of Monero, which determined both the majority advantages and some disadvantages of this cryptocurrency, is that it was originally created without any transparency. The real identities of the sender and recipient, as well as the size of the transaction are securely hidden from third parties. How do you earn Monero

The most popular way to earn cryptocurrencies is, of course, mining - which is the process of supplying your computer's computer power to the process of recording transactions on blockchain. 1.Mining What is Monero Mining? At the time of writing, a total of 15,829,795 XMRs are in circulation. This number will continue to increase as long as 18.4 million monero coins are in circulation. Fortunately, you do not need to buy an ASIC for the Monero mine. Alternatively, you can perform Monero mining using your computer's CPU / GPU. This makes Monero a great choice for beginners and other individuals who do not want to invest a lot of money to start mining. Mining Verification The current reward for a single block of transactions is 4.99 XMR, and the transaction fee is 0.06573 XMR. So, what happens after mining all 18.4 million monero coins? After reaching 18.4 million XMR coins, new coins will be released to the system at a flat rate of 0.3 XMR / min. These new coins will be used to reward miners and encourage mining. Monero mining As I mentioned earlier, you do not need to buy specialized hardware for XMR mining. Anyone with a computer can mine Monero. That being said, the more powerful the hardware, the better. There are many ways to mine a monero, but before we get into that, you need to know what a monero mining pool is. Monero Mining Pool Before you start mining, you need to decide if you are going to make your own monero, or if you will be joining a monero pool. In a mine pool, a group of Monero miners gather and combine the power of their hardware. This gives them the best opportunity to verify transactions (yes, competition is tough!). The reward they receive from the mine is also divided between the mine pool. Most mining pools charge you a pool fee, which is usually in the 0-2% range. Imagine that you are contributing 5% of the total hardware power of your existing mine… which means you will get 5% of the total rewards earned by the Monero mine. It is not recommended to start solo mining (mining yourself). Solo mining can be a huge headache,unless you want to invest a lot of money in mining hardware. You can choose from many monero mining pools on the market. Below is a list of the best Monroe mining pools. MineXMR.com SupportXMR.com xmr.nanopool.org monero.crypto-pool.fr https://monero.ragerx.lol/