How to mine Monacoin

Monacoin (MONA), Japan’s first digital currency, was created in December 2013. The Monacoin community is Japan’s most active digital currency community.

Monacoin is mined via Proof of Work under the Lyra2REv2 algorithm.

Feel free to check out the official website and block explorer to get more familiar with Monacoin before continuing. You can also find a summary of Monacoin metrics and other resources on our Monacoin page.

1. Obtain suitable hardware

✅ MONA can be efficiently mined with ASIC mining machines.

❌ MONA cannot be efficiently mined with CPU or GPU cards.

View our Miners page to discover the most profitable ASIC machines for Monacoin mining.

And don’t forget to check our Mining Hardware Tools page to download the necessary software for setting up your device.

2. Sign up for an f2pool account

Sign up to create an f2pool account, then log in.

3. Configure your mining device

Your miner must be connected to the f2pool server listed below for your hashrate and revenue to be recorded and monitored.

You’ll need to enter the following information in your mining device:

URL: stratum+tcp://mona.f2pool.com:20593

Username: miningAccountUsername.workerName

Password: Your choice

Please note

1. The list of f2pool mining pool servers is available here.

2. Your miningAccountUsername is in your Account Settings.

3. workerName is optional, but we recommend labeling each of your mining devices with a separate workerName for more efficient monitoring.

4. Add payout address

You’ll need to register a payout address to collect your mining revenue. You can add or change your payout address in your Payout Settings. f2pool distributes mining revenues on a daily basis to every user who reaches the payout threshold, which is 10 MONA. Details about our payout method and fees can be found here.

If you do not yet have an Monacoin address, you’ll need to get one. We recommend Cobo Wallet or Bixin Wallet. You can also choose an exchange, such as Binance or OKex. Note: You should always do your own due diligence when choosing a wallet provider or exchange.

5. Start mining!

Your machines are now ready to mine! You can manage your account settings and monitor your hashrate, revenue, and payouts in your dashboard or in our f2pool app.

If you run into any problems mining Monacoin, please feel free to reach out to our customer service team at support@f2pool.com, open a support ticket, or start a conversation on reddit.

To stay updated with the latest PoW news and developments, follow us on Twitter!

Happy mining!