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26334640 No.26334640 [Reply] [Original]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

Monero is secure, low-fee, and borderless, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a Monero user willingly providing a view key for a specific transaction.

Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.


OFFICIAL WEBSITE - https://web.getmonero.org

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
https://archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)
MyMonero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo
NOTE: MYMONERO FOR ANDROID IS A SCAM. DO NOT DOWNLOAD ON GOOGLE PLAY.

>Cold Storage
https://archive.is/DEfsP

>> No.26335108
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26335108

>>26334640
Monero going to one dollar is the best thing that could happen for monerobros

>> No.26335622
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26335622

post yfw mini crash
>mfw

>> No.26336012
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26336012

>tfw buying the dip

>> No.26336084
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26336084

Next week we'll be under $90
Which is a good thing.

>> No.26336248

im all in on xmr, have been for years. so weird how i always feel comfy no matter what. i just wanna sleep for 5-10 years and wake up rich.

>> No.26336324

>>26334640
Buying as soon as this dip ends.

>> No.26336354

>>26335622
All I did was send half my stack to exchange to sell and re-buy at $100 to make a lil gain off this red week ahead.

This doesn’t even really register to me

>> No.26336837

>>26336354
Did you sell for USD then buy or just btc to xmr?

>> No.26336877
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26336877

go up more...

>> No.26337105

>>26336837
Sold for USD, and then set a limit order to buy back at $100.

Even if it goes lower I’ll have new fiat to buy with soon, I’m just trying to stack a bit.

>> No.26337158

>>26337105
Yeah I need to this too. What exchange did you use?

>> No.26337283

>>26336084
>Next week we'll be under $90
>Which is a good thing.

And by week i meant in dog years

>> No.26337404

>>26334640
let's say hypothetically i have access to 100 shitty 1 cpu 4gb of ram computers that i don't have to pay for electricity for, would it be worth to set it to min with ? how much do you think i can make approximately a month with it ?

>> No.26337567

>>26337404
About 3 xmr

>> No.26337653

>>26337404
depends on the CPU

>> No.26337677

When to buy? Sub $100 soon?

>> No.26337692

>>26336877
No please don't! I'm only concerned about entry points right now. This 15% off sale is exactly what I wanted! I'm a little disappointed we're not more decoupled from the market, but I couldn't be happier about this dip.

>> No.26337763

>>26337653
Would it be worth it to build something like this right now? https://www.coinsuggest.com/8-gpu-monero-mining-rig-build/

>> No.26337918

>>26337763
If you don't pay for eclectrcity then yes. But buying and holding Monero is better than mining.

>> No.26338048

>>26337918
I actually have access to 120v 30 amps of free electricity (long story) Im going to be buying as soon as I thoroughly read and understand how to safely store it. Your input is appreciated.

>> No.26338073

>>26337653
AMD EPYC 7551 32-Core Processor
thoughts ?