[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 319 KB, 847x1200, monerowaifu.png [View same] [iqdb] [saucenao] [google]
18297204 No.18297204 [Reply] [Original]

>He didn't invest in the only fungible cryptocurrency

>> No.18297212
File: 172 KB, 652x359, A54C7E19-26D5-4EDB-ACF7-9BA56C8216B2.jpg [View same] [iqdb] [saucenao] [google]
18297212

what does monero have to do with fungi

>> No.18297264

Why does xmr need to be continuously shilled here? Why doesn't it stand on its own merit? Seems shady that there's a constant shill team posting about this crypto. Why not just hold gold and call it a day?

>> No.18297276

>>18297212
it means it's resistant to fungi
monero can't mold because of ring signatures

>> No.18297309

dead premined shitcoin

>> No.18297351

>>18297264
Biz is a shill board, what do yo expect? Why are you here?

>> No.18297451
File: 782 KB, 940x639, moneromilkers.png [View same] [iqdb] [saucenao] [google]
18297451

>>18297264
that's why I make a general to keep all the Monero posting in one thread. We are nowhere near the amount of shilling of the pajeet scams of the month or Link. We are slowly building a nice community on here.
There's no shill team. I just happen to be an anon who really enjoys the tech behind this project. Fwiw, I've been making these generals for a month and you are the first anon to say anything.

>> No.18297631

>>18297264
Monero averages one or less dedicated threads at any time. I'd say that's the right amount to let smart anons find it if they haven't already without getting in anyone's way. It's nothing compared to the pajeet spam constantly flooding the board.

>> No.18297687

>>18297204
unlimited supply

>> No.18297746

Monero sounds like something a Brazilian World of Warcraft gold vendor would be telling me is one of his preferred payment methods in addition to Subway gift cards

>> No.18297998

>>18297687
Yes, but it's not like poof suddenly there is an indirect token supply, it will take hundreds of years just to reach half a million tokens

>> No.18298025
File: 43 KB, 570x663, CQQDzu7_d.jpg [View same] [iqdb] [saucenao] [google]
18298025

>>18297204
Next two years are parabolic

>> No.18298084

>>18297204

i have a few of these and i'm extremely comfy for the next 10 years

>> No.18298111

>>18297204
Big fan
only coin with a real purpose and not just magical thinking

>> No.18298130

90% BTC
10% XMR

the only logical position in this market

>> No.18298511

>>18298130
I see a lot of Bitcoin maxis adopting this position lately. Crosschain atomic swaps will make for a very nice friendship between Bitcoin and Monero in the future.

>> No.18298571

>>18298511
True BTC maxis have no interest in an unlimited supply shitcoin.

>> No.18298682

>>18298571

i get the maximalist logic and i tend to agree, but at the same time i also believe the combination of the two coins gives you increased protection against any network failures and the possibility for maximum gains as well. Beyond these two coins there is nothing else worth anything in this market though.

there will always be alternative coins because people are different. you must choose to support coins with a philosophy you believe in. in my case bitcoin and monero. everything else is a scam.

>> No.18298726

>>18298571
>>18298682

Monero scales better, easily more usable.
Tail emission comes very slowly.

BTC doesn't even have dynamic block size.

>> No.18298743

>>18298726
>muh block size
Didn't we already put this argument to bed with the stillbirth of BCH?

>> No.18298767

>>18298726

please anon. Don't be a retarded shitcoin maximalist. Bitcoin doesn't need a dynamic block size lol.

>> No.18298804

>>18298571
yes but what does ETH have to do with all this?

>> No.18298833

>>18297687
Supply is not unlimited you sperg.

>> No.18298866

>>18298571
It's not 'unlimited supply'. It's a fixed linear inflation that incentivizes miners with a block reward.
Monero has the lowest inflation of the top 30 coins in crypto, and will have the lowest inflation over the next two decades.

>> No.18298906

Monero chan i love you probably even more than Bitcoin chan

>> No.18298911

>>18298767
Small blocks don't scale

Second layers are shitcoins

Imagine being so stupid to think otherwise.

Brainlets

>> No.18298925

>>18298866
So monero is the hardest money with the best stock to flow? Get wrecked maxi fags.

>> No.18298940

i know Jeff Berwick likes it and advises it in his newletter a lot

>> No.18298977

> What Satoshi originally wanted, and the ideology people originally thought they were buying

https://www.monerooutreach.org/stories/satoshi-van-saberhagen.html

>> No.18298989

>>18298911
People are going to look back on you idiots like we do on those who tried to build flying machines with flapping wings.

>> No.18299052

Monero seems cool, might buy

>> No.18299080

>>18298911

big blocks don't scale you absolute fucking retard.

the bigger the blocks the less decentralized the network. if the network isn't decentralized it's literally worth $0

god you guys were dropped on your fucking heads at birth

>> No.18299135

>>18297204
You guys should look at Zano.
Supply is limited unlike xmr, so it's already way better than monero will ever be

>> No.18299143

>>18299080
If there's only enough block space for a group of banks to do end of day settlement then that's pretty centralised. Ridiculous to think that blocks bigger than 1mb(!) hurt decentralisation while technology continues improving exponentially.

>> No.18299144

>>18299135

no, that's a scam. KYS

>> No.18299158

>>18299143

retard, anybody on the planet can send a bitcoin transaction, the banks don't get to control who can send a transaction.

only leaving larger transactions to the base layer doesn't = centralization.

first day?

>> No.18299162

>>18298977
Red: The goal is to provide all the same security of the existing system, but to avoid creating a public graph of every transaction that is easily correlated.

Satoshi: This is a very interesting topic. If a solution was found, a much better, easier, more convenient implementation of Bitcoin would be possible.

https://bitcointalk.org/index.php?topic=770.msg8637#msg8637

>> No.18299170

>>18299080
you are equally retarded to think small blocks means decentralized.

>> No.18299177

>>18299143

any other noobs in this thread that want to know why this retarded anon is incorrect should watch this:

https://www.youtube.com/watch?v=JJF5Gnro1GU

>> No.18299195

>>18299170

nope. KYS for being a retarded noob shitcoiner.

>> No.18299204

>>18299158
>>18299177
When a BTC transaction fee costs more than the raspberry pi needed to send and verify the tx, what is the more centralizing factor?

>> No.18299225

>>18299204

cost to send a transaction doesn't equal centralization

when will you retards get this? literally when?

>> No.18299237

>>18297212
It means you can use it to buy magic mushrooms.

>> No.18299245

>>18299225
block size doesn't equal centralization

when will you retards get this? literally when?

>> No.18299253

>>18299245

HAHAHAHAHAHAHAHAHAHAHHAAHAHA

if the block sizes increase less people will run nodes

>this is decentralization

AHHAHAHHAHHAHAHAHAHAHHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAA

>> No.18299258

>>18299144
trust what you want. Be ready to see zano correcting all the xmr flaws.

>> No.18299273

>>18297264
>being this new

>> No.18299276

>>18299258

i'm not trusting shit fuck face. kill yourself for being a scammer

>> No.18299308

>>18299276
To be fair, XMR is just as much of a shitcoin as ZANO. Take the maxi pill.

>> No.18299346

>>18299308

not really, the release is important and it was fairly launched years ago. ZANO is some random pajeet coin of the week special

although i agree that all alt coins are shit compared to bitcoin

>> No.18299350

>>18299253
Who's going to run a node if they can't afford to actually use the network? Even people that actually send transactions today mostly don't run a node.

>> No.18299364

I don't get why you guys are arguing over blocksize in a monero thread. Monero has dynamic blocksize, meaning it will adapt/scale as tech continues to improve, but still allow for the blocksizes to be big because of our need for larger transaction sizes for the greater security/fungibility. Improvements such as bulletproofs have made our transaction sizes smaller, and the upcoming ring sig fork within the next few months will help even more.
If anything, Bitcoin maxis should be concerned with how fractured their community is over literally any fork.
>>18299308
fucking lol. Do you unironically thing Bitcoin is fungible? I'd love to hear your thoughts on coin taint, because bitcoin maxis do the blocking ears LALALALA can't hear you response whenever asked about this.
>>18299258
you should go back to your zano thread and keep responding to yourself with different vpns pajeet fag

>> No.18299372

>>18299346
Bitcoin is pretty much the only crypto that can't be classified as an unregistered security. Anyone with alt bags is going to get justed when proper regulation comes to the crypto space.

>> No.18299421

>>18299372
You're a total retard. PoW issued coins like bitcoin and monero are exactly the same when it comes to that regulation.

>> No.18299425

>>18299364
>Bitcoin maxis should be concerned with how fractured their community is over literally any fork.
Bitcoin is the only crypto with a community sizable enough to have significant factions develop over forks. Compared to Bitcoin, Monero's community is just a small handful of hobbyists.

>> No.18299426

>>18299350

holy shit how fucking new are you????????? go use paypal and GTFO

anybody that wants to send a large amount of money without permission trustlessly will run a fucking node, jesus christ

>> No.18299453

Funny seeing all the btc maxi's trying to argue in here

Easy to see where the money is slowly flowing to .. lol

>> No.18299454

>>18299225
Don't like it? Don't use it.

>> No.18299475

>>18299425
way to prove my point and ignore my fungibility question.
Also Monero has the third largest amount of devs, many of which have overlaps with Bitcoin. Calling it a hobbyist coin is fucking hilarious.

>> No.18299491

>>18299453
Maxis should be thanking you guys, desu. You guys are so fucking dumb you'll probably convince fence-sitters like >>18298130 to dump their shitcoin holdings for good.

>> No.18299499

>>18299453

we have some monero to get more bitcoin with LOL you aren't as smart as you think pleb

>>18299454

exactly. have fun playing with your bcash shitcoin!

>> No.18299500

>>18299426
>a large amount of money
Exactly, that person could also afford to run a bigger block full node.

>how fucking new are you
Probably a lot less new than you. Maxis like you tend to be 2017 and later, a disgusting cohort of morons.

>> No.18299510

>>18299491

the goal is to trade the XMR for more BTC lel

>> No.18299524

>>18299510
based

>> No.18299531

>>18299500

but why would they want to run a big block node if nobody else is going to? 2017 already happened faggot, get over it, YOU LOST! LOLOLOLOLOLOLOLOLOLOLOLOL

>> No.18299570
File: 143 KB, 1703x1009, LOL YOU LOST FAGGOT.png [View same] [iqdb] [saucenao] [google]
18299570

>>18299500

>> No.18299575

>>18299499
>your bcash
I was talking about monero. You are pretty ignorant.

>> No.18299587
File: 548 KB, 1920x1080, moneromilkers4.jpg [View same] [iqdb] [saucenao] [google]
18299587

>my milkers when the bitcoin maxis are still ignoring my question about fungibility

>> No.18299609

>>18299575
Sorry, all shitcoins kind of look the same to us Maxi Chads.

>> No.18299612

>>18299575

oh god, listen who gives a fuck. i hold monero to trade for more bitcoin

>> No.18299618

>>18299531
?
There will be plenty of people running those nodes. Monero isn't aiming for BSV tier gigantic block retardation, it might not be ideal for Africans to run on a shitty mobile though.

>> No.18299625
File: 94 KB, 720x838, btc_ackkual.jpg [View same] [iqdb] [saucenao] [google]
18299625

>>18299499
>we have some monero to get more bitcoin with

Imagine not realizing you have to USE another coin to get your retarded, outdated dinosaur maxi coin

LMAO

>> No.18299634

>>18299609
Are you 16 and autistic?

>> No.18299655

>>18299618

there's no cap, who cares it's a shitcoin to be traded for BTC, don't be a delusional faggot

>>18299625

stay poor lol

>> No.18299659

>>18299612
>i hold monero to trade for more bitcoin
You mean your exchange holds it for you?

>> No.18299691
File: 556 KB, 717x400, 026968948799.png [View same] [iqdb] [saucenao] [google]
18299691

Man I wish I hadnt buried my head in the sand when it comes to crypto for so long. Monero seems legit (based on the surface level info I understand). I'm pretty afraid of having a HD fail or some shit and losing whatever coins I acquire. Is that valid? Are there ways around that problem? How quickly could I mine Monero with a vega64/8700k PC setup?

>> No.18299707
File: 139 KB, 1340x415, LOL KILL URSELF.png [View same] [iqdb] [saucenao] [google]
18299707

>>18299659

hmmmm

>> No.18299709

>>18299625
If you want some real use for a coin go for OGN to be honest. Especially in the upcoming sharing economy having a decentralized marketplace (check out Brave's dShop) is a great thing to have.

>> No.18299729

>>18299691
when you create a wallet, you are given a mnemonic seed. It's a string a words that you need to right down that acts as your private key, which gives you access to your funds. You do not store you funds on your hard drive.
I'm not much of a techie but if you have a good gpu it is possible to mine, though it is going to cost a lot in electricity.

>> No.18299878

https://www.forbes.com/sites/billybambrough/2020/04/03/just-one-major-cryptocurrency-is-outperforming-bitcoin-right-now-and-its-climbing-fast/#39458c716623

>> No.18299895

>>18299878
>forbes contributor
nice cope lmao

>> No.18299910

>>18299895
I'm fine coping with my gaiins

Thanks !

>> No.18299943
File: 31 KB, 601x508, copejak.jpg [View same] [iqdb] [saucenao] [google]
18299943

>>18299910

>> No.18299946

>>18299729
I see. Maybe I'll try mining for a bit and see what the electricity expense is like. My electricity bills are averaging like $50/mo for now but summertime is gonna triple that. I thought I read that GPU mining monero was no longer a thing?

>> No.18299961

>>18299707
No, you should kill yourself, windows 10 user.

>> No.18299970

Can someone explain why having a privacy coin with infinite supply doesnt encourage counterfeiting the coin. It must not be impossible.

>> No.18299979

>>18299961

nah, stay mad

>> No.18300015
File: 219 KB, 800x620, 1575915650676.png [View same] [iqdb] [saucenao] [google]
18300015

>>18299970

it's "infinite" but dis-inflationary, the proof of work keeps it safe from counterfeit as long as the math is valid

>>18298025

see pic related

>> No.18300016

Hey btc bros, is bitcoin fungible?

>> No.18300030

>>18299970
Why do you think that moneros supply is unlimited? It is not.

>> No.18300066

>>18299943
Monero didn't go up ?

I must be blind

LMAO

>> No.18300659

To the lurkers: Notice how the BTC maximalists have ignored every question about fungibility?
The reason for this is because Bitcoin IS NOT fungible. 1 Bitcoin does not equal 1 Bitcoin, whereas 1 Monero always equals 1 Monero. The reason for this is chain analysis can trace a Bitcoin's entire history, so if a Bitcoin is at one point used for illegal means, this Bitcoin can then be flagged -- meaning if you happen to receive tainted Bitcoins in an exchange, even if you had nothing to do with what those tainted Bitcoins were previously used for, those coins are now frozen. It is the biggest flaw with Bitcoin, and Bitcoin maximalists have no answer for it. So instead, they chose to ignore the glaring problem altogether.
>>18299946
Nope, the opposite actually. Monero recently upgraded to Random X, which is a new mining algo that prevents ASICs from dominating mining in the short term. It has so far been successful in thwarting Asics.

>> No.18300723

If you arent a fucking newfag or a retard you would've known for the past 5 years monero is the shit. I love this but can we fud it some more im not ready. Or maybe hype it up a lot. Whichever makes it dump.

>> No.18300733

>>18300659

To the lukers: Notice how alt coin shills ignore every question about security and audibility?

it's called a coin join
it's called liquid network
it's called lightning network
it's called acquiring coins anonymously

i like monero but please kindly KYS if you're just going to FUD bitcoin

>> No.18300777

>>18300659

oh you posted your receive address on a forum anon, the government would like you to provide your view key now.

kek you faggots are retarded.

>> No.18300874

>>18300733
What questions about security and audibility do you have? I will actually answer these.
Coin join doesn’t work against chain analysis. If you believe this then you are misinformed.
Lightning network does not solve the base layer — an observer simply can see wait at the base layer and view what goes out and back in. And this is assuming lightning network works, is actually used, and doesn’t have other exploits (it would)
Once you use bitcoin for any transaction everything is connected. You know this. And you know monero improves on this.
It’s no wonder that all the bitcoins being traded on bisq are dirty. Your only hope is to go through local bitcoin and hope the person you are dealing with is clean or paying a mark up at a bitcoin atm.
>>18300777
What?

>> No.18300947

>>18300874

hmm that's weird, would you say that monero's proof of work network is less vulnerable, or more vulnerable to attack than bitcoin?

wait don't answer, you're a shitcoin shill.

hmmm would you say that it is easier to audit and prove bitcoin supply on bitcoin or monero?

wait don't answer, you're a shitcoin shill

>>18300874

>what?

exactly. you're confirmed retarded.

just buy your fucking monero and shut the fuck up about fudding bitcoin you fucking piece of shit faggot. if bitcoin goes down so does your shitcoin

>> No.18300990

>>18300874

everything on monero is connected too you absolute fucking retard mongoloid. if the government gets ahold of your receive address they can coerce you into providing the view key if they want to bad enough

you're a bad shitcoin representative, i'll gladly answer any questions you have about bitcoin n00b.

>> No.18301054

>>18300947
I don’t see how moneros network is any more vulnerable than bitcoins. It’s proof of work, which is good. I like monero fighting against ASICS, and believe that the monero community is more united because we have prevented mining farms like bitmain from taking over.
Moneros supply is ensured by cryptographic math principles, specifically pedersen commitments. I can link you to the bulletproof pdf which goes over the math. This has been the protocol for two years with no hiccups. Obviously bitcoins ledger is easier to audit — but that’s a question designed to be misleading, framed to make it seem like this cryptographic math is a bad thing.

> exactly. you're confirmed retarded.
You’re jumping around like a fish out of water, throwing a bunch of contrived responses and childish insults because I touched the sore spot for bitcoin maximalists — the undefinable fact that bitcoin is not as fungible as monero. You randomly bring up view keys after they hadn’t even been mentioned before was weird. I’m not sure what you are trying to prove.

>> No.18301074
File: 971 KB, 2880x2760, 1535264674439.jpg [View same] [iqdb] [saucenao] [google]
18301074

How to mine monero with cpu:
Download xmrig .zip folder for ubuntu linux (it's on github)
extract files and look for donate.h file
edit, scroll down, change min donate level to 0
save and exit
in terminal, go to xmrig by typing and entering: cd ~/your file path/xmrig
type and enter(include the two dots): cmake ..
mkdir build
cd build
in this build folder you made, in terminal type: make
go to xmrig github and use the wizard along with a monero wallet address to generate the command to run in terminal
in terminal (use cd to get into your xmrig build folder) copy and paste the command
mine monero
save your mining command so you can start it again easy if you restart

>> No.18301079

>>18300990
Everything is connected? Ok. How can you prove monero wallet x made a transaction to monero wallet y, aside from somehow getting the private keys of both and proving that the transaction was made?

>> No.18301088

>>18301074
Only 7nm Ryzen can mine with any profit.

>> No.18301104

>>18301079
View keys.

>> No.18301113

>>18301054

ya exactly you don't see because you're a noob that doesn't get it.

like i said shut the fuck up about bitcoin and buy your alt coins

>> No.18301133

>>18301104
View keys have to be willingly provided.
Bitcoin anon is somehow already aware of the transactions ever taking place. I’m trying to figure out how he would ever do that. It’s not like you can observe this on a public ledger. And even if you were to have the view key of one party, the other party would still be safe because of stealth addresses.

>> No.18301212

>>18301113
Lmao triggered bitcoin maxis. Talk about cringe.
Must suck knowing that Monero is fungible and bitcoin isn’t. I kinda feel bad for you ;).
View keys are good btw because it’s a way to keep monero compliant with regulations while still keeping the currency private and fungible.

>> No.18301257
File: 37 KB, 489x555, graph.png [View same] [iqdb] [saucenao] [google]
18301257

>>18301088
didn't read, still mining

>> No.18301630

>>18301074
Is there any tangible benefit to using Ubuntu over Windows for mining?

>> No.18301731

>>18297204
How soon until Monero completely takes over DNMs?

>> No.18302125

>>18301731
It's difficult to say. On the one hand, there is a clear, slow and organic rise in the usage of Monero on the dark net markets over the past several years. White House Market is the fastest growing market of the year so far, and it deals exclusively with Monero. If you go on dark net forums like Dread, you will see a heavy presence of people supporting Monero and advocating it's use for op sec. There are daily threads of people asking how to convert Bitcoin to Monero on there and other dark net forums. And lastly, Monero's daily transactions have risen over the past two years despite the bear market. So yes, it is definitely happening.
But on the other hand, the majority of people who use crypto don't realize that Bitcoin is such an issue with privacy. They think coin mixers are enough privacy, and they don't feel like taking 10 minutes to learn about a different cryptocurrency. You also have issues with on-ramps/liquidity.
So maybe two years? I would say that is pretty realistic.

>> No.18302149

>>18297204
>XMR's recent price gets pumped by an April fool's article
>"XMR is the only fungible cryptocurrency."

>> No.18302192

>>18298743
Lmao. Bch is the 4th biggest crypto. Not dead. Cashfusion can give XMR like privacy to BCH, and is very real.

Still optional privacy though, but still 100x better han BTC

>> No.18302297

>>18301630
lightweight os, ability to compile src (in first post you can set donations to 0) to name a few

>> No.18302347

>>18302192
> Cashfusion can give XMR like privacy to BCH
lol. not even close.
>>18302149
Monero's been the best performing crypto since the coronacrash, actually. Has nothing to do with the April fools article. Why have daily transactions been up so much all throughout march? And with the exception of one hobby project (arrr) Monero is the only fungible crypto.

>> No.18302350

>>18297264
In March, I saw about 10 threads about xmr and about 1000 threads about link. xmr is fine, lets cool it with the other shit coins.

>> No.18302447

>>18297264
This is the monero general thread

>> No.18302482

>>18301212

If you had a brain you would just buy both and stop being a clueless faggot.

>> No.18302725

>>18298833
Look it up again, dumb ass.

>> No.18303796
File: 539 KB, 1741x2048, monerobabe2.jpg [View same] [iqdb] [saucenao] [google]
18303796

>>18302725
It's not 'unlimited supply'. It's a fixed linear inflation that incentivizes miners with a block reward.
Monero has the lowest inflation of the top 30 coins in crypto, and will have the lowest inflation over the next two decades.

>> No.18304539

>>18297264
it's just one guy. He says he does it like every day.

>> No.18304574

>>18299135
Your argument is built upon the fallacy that unlimited supply = large supply. Monero has a tail emission that levels off and will take nearly 20 years to even surpass 30,000,000. You'll be dead before it hits 40,000,000.

Zano has poor leadership, and until they get themselves a higher daily volume than $50,000, I will not invest.

>> No.18304713

I invested in XMR because it's anonymity properties seemed like a big benefit and made it one of the only coins with practical usage.
My mistake was thinking any of the coin prices are predicated on practical use and not speculation.
I still think XMR is good but it and almost every other coin's prices are inflated beyond their true value.

>> No.18304887
File: 39 KB, 801x237, 324234234.png [View same] [iqdb] [saucenao] [google]
18304887

who is running the network?
if you do the math you wont even be able to pay for electricity if you mine xmr
seems like the CIA roomers are true

>> No.18304910

>>18304887
>who is running the network?
botnets.

>> No.18304976

>>18304887
I mine it with nano pool. Just started. Should I yank the cord?

>> No.18305036

>>18304713
>inflated beyond their true value.

1B USD market cap is not that much. There are single people who have more.

>> No.18305115

>>18304976
nah dont be a quitter
mine it for a month or two and then decide if its worth or not

>> No.18305327

>>18304574
actually, in year 2040, which is 18 years into the tail emission, there will be roughly an equal amount of Bitcoin and Monero (~21,000,000).
There is currently 17,500,000 XMR in circulation, with a 1.79 XMR block reward that will continue to descend until it reaches the 0.6 XMR tail emission in 2022.
So that gives you an idea of how low the inflation is, and why people saying the "unlimited supply" meme are retards.

>> No.18305768

this is one of a few coins that i think will break its previous ATH

>> No.18305810
File: 269 KB, 534x639, GLOW_RIPPLE-1.png [View same] [iqdb] [saucenao] [google]
18305810

>>18305768
What about XRP

>> No.18306838

I post this in every Monero thread I see hoping someone has an idea. Some guy made a thread a few days ago with the following:


>Lots of anons showing XMR the love it deserves so heres something fun:

>Since XMR is cpu mined for now a lot of it is mined by botnets. If those botnets are holding or dumping is a good piece of information for predicting future price action.

>This is easy for a public blockchain like BTC but hard for an opaque one. However there are some public and semi public data sets that can give you a very good idea of where newly mined XMR is going.

>Another STEM PhD and I have done that work. The end result is that it is being constantly dumped for the most part. The solution is elegant and requires a lot of thought.
>If any anons can guess it here I'll confirm and send 1 XMR. If you don't want to play just use that information as you like- we've already bought in.

>Also feel free to post what you're drinking and call me a faggot. For me its guinness with the widget straight from the can.

>>/biz/thread/S18252924

I want to get into XMR but I want to know when is the right moment to buy.

>> No.18307080

>>18306838
Dude, 55 usd/xmr is a steal.

>> No.18307106

>>18306838
This is a larp.
While botnets are definitely a thing, they don't account for the majority of mined monero, or even close to that. The estimate I've heard is that ~5% of Monero is mined by botnets.
here's one article I know of: https://www.zdnet.com/article/over-4-percent-of-all-monero-was-mined-by-malware-botnets/
So him saying that "a lot of it is mined by botnets" is already completely wrong.
I also have no idea how he finds out miners are dumping monero or not. I do believe it is possible to tell if miners are dumping pre-ring ct monero from the very early days of Monero, because the coinbase there needs to first get updated, so when these funds are updated I believe they initially stick out. But he would have no way of telling if Miner X or Miner Y is mining Monero and then "dumping it". Unlike Bitcoin, we also don't have a list of people hoarding Monero. So it is impossible to tell if people are hoarding Monero or putting it on exchanges.

But anyways, you are better off just picking an amount you are comfortable investing and doing the DCA method. Price analysis is a fickle thing. Just know that the prices we are at now are near the bottom of what we believe will be a long term rise.

>> No.18307328

>>18302725
>>18299970
>>18298571
>>18297687
The supply is LIMITED to 0.3xmr per minute.

>> No.18307488

>>18299691
>>18299729
You also store your xmr on your HDD in a password protected wallet. You can avoid doing that for security but that's more advanced. You should always have the paper seed backup though so no need for worry about drive failure.

Mining might be profitable on the 8700k depending on your electricity costs. Like maybe if you mine in the background while you're using your computer during the day and you've got solar panels. Just download xmrig and hwmonitor to see CPU wattages.

>> No.18307495

>>18297204
like BTC, it used to be $1. sorry, but i'm not buying your fucking 150x bags desu.

i'll stick with suterusu and my own 150x.

>> No.18307969
File: 1.09 MB, 1080x1519, 1586146536178.jpg [View same] [iqdb] [saucenao] [google]
18307969

Updated Zero to Monero is ready.

https://web.getmonero.org/library/Zero-to-Monero-2-0-0.pdf

>> No.18308032

>>18305810

no. you're fucking retarded.

>> No.18308055

>>18307495

dumbass if everybody used this logic it destroys the value proposition of a deflationary coin. KYS

>> No.18308460

>>18307495
>imagine not having both SUTER and XMR

>> No.18308659

>>18307080
Yes but I want to buy more. I am unemployed, I can't just put 1K on XMR right away. For what I see, I won't be working again until next year at least.

>>18307106
What about mining pools, you could get info from those.

>> No.18308720

Should I mine with my GPU? It's a 980.

>> No.18308846

>>18308720
xmr hasn't been worth it to mine with a gpu sine november. They switch to a new algo at that time; randomx. this kicked off nearly all of the gpu miners, and favors cpu miners. It also kicked off a good number of the asics, so that's good too i guess.

mine with cpu.

>> No.18308956

>>18302149
It's really funny how Monero pumps on jokes. Like these are obvious jokes to intelligent people but in the cryptosphere you have people that unironically believe projects when they announce partnerships with Google/Microsoft/McDonald's so I guess it's not surprising.

>> No.18310129

>>18307969
wtf, an entire monero textbook

>> No.18310147

>>18297204
monero is boomer coin sorry cool kids buy zano now

>> No.18310808

>>18310147
seems like there's a new shilled privacy coin every month

>> No.18311168

>>18308846
The random x algo kicked of asics.
Gpu and cpus benefit from this.

>> No.18311556

lads when does it go down again? i need MORE monero

>> No.18312545
File: 626 KB, 3240x3147, monerogirl.jpg [View same] [iqdb] [saucenao] [google]
18312545

>>18311556
We don't know. DCA.
>>18307969
Nice! I thumbed through the first version before. Legit stuff.
>>18308659
I don't see how you could get any info from mining pools. They divide the rewards among their pool, right? How would you know who gets what, and which of their pool dumps or holds? It's impossible with an opaque chain. With a public ledger, this is obviously the complete opposite.

>> No.18312813

>>18308956
To be fair, you have to have a very high IQ to understand Monero jokes. The humour is extremely subtle, and without a solid grasp of blockchains most of the jokes will go over a typical person's head. There's also Monero's anarcho capitalist outlook, which is deeply woven into it's characterisation- its philosophy draws heavily from libertarian literature, for instance. The fans understand this stuff; they have the intellectual capacity to truly appreciate the depths of these jokes, to realise that they're not just funny- they say something deep about LIFE. As a consequence people who dislike Monero truly ARE idiots- of course they wouldn't appreciate, for instance, the humour in Monero's enigmatic catchphrase "Don't Buy Monero" which itself is a cryptic reference to the marketing of cassette tape recorders used to flaunt UK copyright law. I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Riccardo Spagni's genius wit unfolds itself on their computer screens. What fools.. how I pity them.

And yes, by the way, i DO have a Monero tattoo. And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand. Nothin personnel kid

>> No.18314122

Bump

>> No.18314142

>>18300016
yeah you just launder it through monero bud

>> No.18315801

comfiest hold

>> No.18316588
File: 45 KB, 463x662, 1586191140767.png [View same] [iqdb] [saucenao] [google]
18316588

>>18312813
Pretty good. Also I get that you're making fun of my post but I unironically agree with the pasta.