Mining for Noobs - stealing electricity 101

[Absolutetense]

So this is coin mining. Reminds me of a program that calculated packets as well for keys in them. If you got the big key you could've won 10k. Sadl I forgot the name of it but it had a cow as a logo.
Looked exactly the same.
Maybe the forefather of crypto mining?

Going to try mining out for a week. Might as well use more electricity in my apartment since they always scale me down after a year because I use less than half of the usual household my size. God I love LED's.

 

[Kosher Snake]

Dumb question but: how can I check my earnings in mining XMR?

 

[Kosher Dill]

Dumb question but: how can I check my earnings in mining XMR?

What do you mean?
If you're mining in a pool, it should tell you on their web interface how much you've earned on that address.

 

[Kosher Snake]

What do you mean?
If you're mining in a pool, it should tell you on their web interface how much you've earned on that address.

god im fuckin slow... I'll check that then

edit: yep saw my current earnings and im at 0.16 percent of payout amount

 

[Seminal Ointments Lain]

Would I be able to make decent pocket change utilizing a small assortment of laptops and leaching hotel electricity? Asking for a friend.

 

[Kosher Dill]

Would I be able to make decent pocket change utilizing a small assortment of laptops and leaching hotel electricity?

How many months are you staying in the hotel?

 

[Seminal Ointments Lain]

How many months are you staying in the hotel?

Let's say either 1 Month or 7 Months.

 

[Kosher Dill]

Let's say either 1 Month or 7 Months.

In the immortal words of Chad: "OUCH!"

If you're CPU mining on a laptop I'd expect less than $1 worth of crypto a day per laptop, probably closer to $0.25, at today's prices.
For GPU mining, just check whattomine.com, but I can't imagine you're carrying around a whole fleet of laptops with modern GPUs for this.

 

[CryoRevival #SJ-112]

Dang I really picked the wrong year to become interested in mining...

 

[raider of the lost wifi]

So how do you cash out?

 

[AnOminous]

So how do you cash out?

Depends on where you live, whether the transaction and source of the crypto is legit, quasi-legit, or completely illegit, and whether you want to cheat on your taxes.

If you're in the U.S. and everything is entirely on the up and up to the point you don't care if the IRS knows about it, you get an account with an exchange like Coinbase or Kraken, hook it up to a bank account, and just directly cash it out.

Depending on how sketchy things are, you might want to take measures to obfuscate the transaction or do it indirectly, such as by buying something on some kind of eBay type Bitcoin merchant, then selling it. This isn't really a mining topic though.