Mechanism
Miners run RandomX, the Monero proof of work, and point XMRig at the pool. The pool is a stratum proxy: it forwards jobs from a public Monero pool and credits every accepted share, weighted by its difficulty, to the miner who found it.
The upstream pool pays XMR to Minelo’s wallet. The relayer sells it for USDC and, once per batch, the settler program on Solana buys one xStock with that USDC through Jupiter and sends each miner its fraction, straight to the wallet address in their login.
Batches and the vote
A batch lasts six hours on a fixed schedule from a genesis timestamp. While it is open, each accepted share adds its difficulty to the miner’s work for that batch.
Miners vote by appending +TICKER to their login. A vote weighs as much as the miner’s work, and the leading ticker at close takes the whole batch.
Each miner receives stockOut × work ÷ totalWork, rounded down. Rounding dust stays in the settler and is added to the next batch that buys the same stock.
Watch the live poolPayouts
Your login is a Solana address plus a vote. The pool keeps work per address, and the settler pays that same address in the xStock the batch bought. There are no keys to generate and nothing to scan: the tokens show up in your wallet like any other SPL transfer.
That also makes payouts public. Anyone can look up what an address received and connect it to the pool. If that matters to you, mine to a wallet you use for nothing else.
See the pool income on the ledgerFee and token
The only fee is 2.5% of each batch’s USDC, taken before the swap. Inside the same transaction, 80% goes to the staking program and 20% to the treasury that pays the relayer. The settler has no withdraw instruction and no other exit.
$MINELO has a fixed supply. Staking has no lock and no emissions: stake, unstake and claim whenever you like. Rewards that arrive while nobody is staked are queued for the first staker. $MINELO is not launched yet; any token using the name today is not ours.
What a miner pays in total is more than the 2.5%: the upstream Monero pool takes its own fee before XMR reaches Minelo, and the XMR to USDC conversion and the Jupiter swap each cost a spread. Plain Monero pools charge 0 to 1% and pay XMR; Minelo costs more because it converts the payout into a stock.
Stake $MINELOTrust model
Three parts, three trust boundaries. The stratum proxy and its books belong to the pool operator. The XMR to USDC conversion belongs to the relayer and is the one step the chain cannot verify; the ledger page publishes the view key so income can be checked. The swap and the payouts are one public program.
The relayer submits the payout list. The program enforces that a batch never pays more work than it recorded and that only a listed xStock mint is bought, but it cannot re-check each share the proxy credited.
Backed can pause or freeze xStock tokens. A transfer that fails is parked in the settler and can be claimed by that address later instead of blocking the batch.
Minelo is not trustless. If you want XMR with no operator and no custody, P2Pool is the better fit. Minelo is for miners who would rather be paid in a stock and accept a managed conversion to get it.
Read the risks and eligibilityThe arithmetic
Monero pays 0.6 XMR per two-minute block to the whole network. A desktop CPU is a few millionths of the network: a few dollars a month at most, and often less than the electricity it uses. Minelo does not make hardware mine faster. It changes what the work is paid in.
Run the miner
xmrig -o <pool-address> -u "<your solana address>+NVDA" -p x -a rx/0 -k
The login is your Solana wallet address, the password is ignored, and the suffix after + is your vote. The pool address is published on this site at launch; do not use one from anywhere else. Full setup steps
Verify
Check these against what you are about to use. Anything that differs is not Minelo.
- Minelo program (settler and staking)
- 3LvNqud1QTirmMgdiTVe3u7XgeRSmYuaELfXhrDDKDNJ
- $MINELO mint
- Not launched. Any token using the name today is not ours.
- Pool address
- Published at launch
- Monero wallet and view key
- On the ledger page
- Audit
- The program has not been audited by a third party.