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Learn how to mine the monero cryptocurrency on linux ubuntu in a few simple steps.

To most people, financial privacy is very important, but banks, big corporations and even governments monitor, regulate and control financial transactions. The implication of this is that there is no safe place to conduct private transactions where individual can pay for good and services in total anonymity. Secondly some countries place trade restrictions on other countries for various economic and political reasons and sending/ receiving financial transactions from individual in restricted countries, through traditional banking systems can be a challenge. Monero (XMR) like many other cryptocurrencies helps to solve problems of this nature by allowing almost anyone anywhere to conduct financial transactions with no limitations or restrictions. There are several ways to get monero and these include purchasing on a cryptocurrency exchange, doing work and being paid in monero or mining for monero on a crypto mining rig. In this tutorial you will learn how to mine for the Monero (XMR) cryptocurrency on a computer running Linux Ubuntu. The method that you will learn below is CPU mining and not GPU mining. If you would also like a PDF copy of this tutorial, click on the DOWNLOAD PDF TUTORIAL button below.

REQUIREMENTS

In order to complete this tutorial successfully, the following is a detailed list of items that may be needed. Please ensure to have these items available before taking implementation action on this tutorial:
1) A physical or virtual machine running Linux Ubuntu 16.04 LTS.
2) SSH access to the Linux Ubuntu computer.
3) The XMRIG mining software for ubuntu.
4) An XMR wallet.
5) An XMR mining pool.

OVERVIEW

1) Download and install Ubuntu system and package updates.
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Step 1: Download And Install Ubuntu System And Package Updates.

1) To download Ubuntu system and package updates, you need to run the following commands: sudo apt-get update && apt-get upgrade Ensure to install these updates so that you do not face challenges on the next steps.