Cloud Mining Monero (XMR) | How to mine Monero in the Cloud on Digital Ocean

Monero Cloud Mining is a way to mine on a computer that you don’t own. Mining Monero on a cloud computer (aka someone else’s server) is a computer where the hardware is managed by another company. You “rent” this hardware for a small fee and set up a server. In this example, we’ll be mining on Digital Ocean.

Below are the links referenced in the video:

1. https://mymonero.com – wallet (MyMonero)

2. https://m.do.co/c/5d8c108285a6 (Digital Ocean Referral Link)

3. https://putty.org (Putty for Windows)

4. https://iterm2.com (iTerm for Mac)

5. https://xmrig.com – mining software (XMRig)

6. https://miningpoolstats.stream/monero – mining pool (MiningPoolStats)

7. https://web.xmrpool.eu – pool used in the example (XMRPOOL.EU)

In this video, I’ll be setting up my wallet on a Mac, but the VPS can be accessed from Windows, Linux, or Mac. This video will demonstrate to you exactly how to create a wallet, find a pool, and How to cloud mine Monero (XMR) on a Digital Ocean VPS (Virtual Private Server). As the RandomX algorithm is optimized for CPUs this video will focus on how to mine monero with a CPU. This video sticks to exactly what you need to do and there’s no extra fluff added in. If you want to start mining Monero on your Linux computer (Ubuntu) in the cloud today, then this video is for you. There are two types of mining available, pooled mining and solo mining. If you’re wondering how to mine Monero in 2023, then pooled mining is the way to go. In this video, I’ll be demonstrating pooled mining, as solo mining is meant for large setups and difficult to make profitable.

Did you ever wonder is Monero easy to mine? Monero is an open-source, privacy-oriented cryptocurrency that was launched in 2014. On the Monero blockchain, transaction details and the amount of every transaction anonymous by disguising the addresses used by participants. No special hardware is required. Individuals can mine Monero using their CPUs, which means they don’t need to pay for special hardware. I prefer Monero because it is a safe, anonymous, and private cryptocurrency.

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//VPS PROVIDER:
○ Digital Ocean – https://m.do.co/c/5d8c108285a6

//CHAPTERS:
Intro – 00:00
How to set up a Monero (XMR) wallet – 00:34
How to set up a Digital Ocean droplet – 02:07
How to connect to a Digital Ocean droplet – 03:47
How to download XMRig – 04:21
How to find a Monero (XMR) pool – 05:41
How to configure XMRig on a Digital Ocean droplet – 06:29
How to run XMRig on a Digital Ocean droplet – 07:30
How to verify Monero (XMR) Mining – 08:10
Outtro – 09:01

//DISCLAIMER:
Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!

This video is for educational purposes only.
#monero #cryptocurreny #mining #xmr #cloudmining #digitalocean

Cloud Mining Monero (XMR) | How to mine Monero in the Cloud on Digital Ocean

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About The Author

Kane Dane