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26139352 No.26139352 [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 the proof of the transactions being possible by a Monero user willingly providing a view key for a specific transaction if needed.

Monero has also improved upon the scaling downsides of the current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs goes higher. Further, the mining network algorithm Random X 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 Monero Chad 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.26139648
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26139648

POOBIS

>> No.26139756

>>26137326

>> No.26139784

Any anons want to write a mining guide that we can add as a pastebin in the OP? The link we have now for mining sucks.

>> No.26139840

>>26139784
make sure it includes https://monerobenchmarks.info/

>> No.26139886

>>26139784
Is a 1080 good enough?

>> No.26139984

This coin never moons. Embarrassing performance in this bullrun. Even ZEC did better.

>> No.26139989
File: 228 KB, 640x626, rhjdq20qj2861.png [View same] [iqdb] [saucenao] [google]
26139989

How can i justify holding xmr when i look at its price history?

Were/are people just unaware with btc's privacy flaws?

xmr seems so undervalued.

>> No.26140047

Used 3950x with micro atx 2 sticks of 2x8gb 3600 g skill ram and cheap 50 buck bronze power supply and cpu cooler. Under 1000k at around 20000 hash I think is the best bang for buck. Otherwise threadripper but it may not scale well if you want multiple rigs idk.

>> No.26140250

>>26139989
>are people just unaware with btc's privacy flaws?
That's actually exactly it.
The Bitcoin Maxis have convinced themselves that Monero isn't necessary, and they assume that in the future they'll be able to have comparable privacy features.
The normies buy and hold Bitcoin because number go up.
The chads realize that Bitcoin's network effect dominance makes it digital real estate, but they also understand the trade off of a public ledger vs financial freedom.

>> No.26140483

>>26139886
Monero is mainly CPU mined now.

>> No.26140516

>>26139984
>This coin never moons
hrmmmmmm
>rock-solid fundamentals
>the only coin with true fungibility, privacy
>tried and tested on the darkweb.
>zcash and other fake privacy coins cracked, monero remains uncracked
>the devs don't attentionwhore. hodlers don't attentionwhore.
>has an air of confidence about it
i am long on xmr. i am a poorfag but i buy a little bit every month along with some btc just because. i don't concern myself with the current price.

>> No.26140573

>monero is private gaise
>buying monero comfortably requires kyc
>most normies wont buy gift cards and buy the coin at twice the market value on localmonero
>not public so moon boys don't know when to pump or dump
>only way for monero to thrive is with kyc
ironic

>> No.26140591
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26140591

Accumulation phase is about to end.

>> No.26140597

>>26139989
What >>26140250 said has a lot of truth in it. Most Bitcoin people either don't care about the tech and just want number go up or think that Bitcoin will magically replace fiat and everyone will be compelled to go along with it.

>> No.26140613

>>26140573
>only way for monero to thrive is with kyc
atomic swaps

>> No.26140615

>>26140516
Based and fundamentalpilled

>> No.26140621
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26140621

>finally decide to check out crypto mining
>have a nice laptop, let’s give it a spin
>throw xmrig on it, keep it running all day while I do whatever
>come back to check on balance
>nothing
>hashrate is 1042.7 h/s

>> No.26140637

>>26140573
>buying monero comfortably requires KYC
You can literally buy XMR on kraken without it

>> No.26140699

>>26140613
still requires kyc lol
why not just buy LTC on kucoin with your debit card, and then convert to XMR through cake wallet?
seriously, what do atomic swaps bring to the table, other than a possible mooning because normies read on this general that atomic swaps = bull run

>> No.26140714

>>26140621
Which CPU does your laptop have?

>> No.26140724

>>26140699
Thanks for showing that you don't even know what atomic swaps are lol

>> No.26140729

>>26140699
>still requires kyc lol
you don't know what atomic swaps are

>> No.26140739
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26140739

>>26140637
>

>> No.26140768

>>26140699
It means monero can never die u
Without btc dying too.

>> No.26140786

>>26140729
>>26140724
lol, you really think i meant atomic swaps are kyc
i mean that the coins youre swapping to require kyc to buy in the first place lol

>> No.26140820

>>26140786
i have an unknown amount of xmr and greater than or equal to 2 btc i've never used kyc

>> No.26140837

Im considering spending the next 6 months going 100% on monero.

The fact that the dark web uses it is very comforting and i think a lot of people are ignoring that fact.

Btc only got to where it is because of silk road.

>> No.26140857

>>26140714
intel corei7-5600U
I just hooked up my gpu, too, a nvidia geforce 840M, which is bad but at least something

>> No.26140886

>>26140837
Basically this. The WHM using it is a major sign.

>> No.26140888

>>26140820
literally how
ive been researching all day
it surprises me that buying coins with gift cards is such a pain (exuberant prices)
the only true non-kyc is cash, but that takes fucking time

why isn't there an fast method for kycless xmr buying?

i just hope when i spend 1.5k on kucoin with my debit on LTC to then convert to XMR that the IRS can't fucking tell

>> No.26140899

>>26140699
>why not just buy LTC on kucoin with your debit card, and then convert to XMR through cake wallet?
we never said you couldnt't
>what do atomic swaps bring to the table
More liquidity is a good thing.
>>26140837
If Bitcoin were to crash today because of tether, Monero would still be purchased to be used by people who use the dark net. Monero's value would also drop, of course, but not as much as the rest of the market because Monero has actual demand.

>> No.26140928

>>26140837
I wish i could go full time on monero
but i have my last semester of school, plus a planned vacation
fuck my life
i know i have about year left too, because atomic swaps are coming soon

>> No.26140946

>>26140857
https://xmrig.com/benchmark
5600u has 490 hashrate here, i thought GPUs couldn't mine monero? how did you get 1000 hashrate

>> No.26140952
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26140952

>>26140888
>literally how
you are a dumb fucking nigger, too stupid to buy a small amount of crypto without kyc, and you're itt shitting on monero

you are the blackest retard gorilla nigger i've ever seen

>> No.26140969

>>26140888
To the skeptics of atomic swaps: look at this post. It's why atomic swaps are so huge.

>> No.26141060

>>26140888
what a waste of trips
fucking dumbass only knows how to complain like a little bitch

>> No.26141143
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26141143

>>26140928
I recently came in to the opportunity to live rent free for a while and im just waiting for the inevitable dump before i make my first big buy.

Crypto is here to stay and if people become educated on xmr, i dont see how it shouldnt be a top 5 coin.

>> No.26141175

>>26141143
You think the dump will happen around the 20th-21st?

>> No.26141199

>>26140946
wtf I had 900h/s even before I added the gpu, that’s twice the benchmark
for gpu you need to download the cuss plugin for your manufacturer, so in my case then nvidia plugin

>> No.26141240

>>26141199
mistype, it’s cuda not cuss

>> No.26141287
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26141287

>> No.26141315

>>26141175
Idk
I can be patient for another 2-4 weeks.
But honestly, i thought it would have dumped by now.
So now i'm also wondering how low will it go?
Maybe not as low as i hoped?

Idk.

But even buying xmr at $150 feels right. I just want to get the most out of my money.

>> No.26141394

>>26141315
buying at 130 was the move
too bad i missed it

>> No.26141397

>>26141199
did you get any XMR with 900 hashrate?
when do they give XMR to miners?

>> No.26141430

>>26141315
Floor feels like 150ish. But the Biden thing has got me thinking it will either pump hard or kinda dump with BTC. When the gibs come in normies will probably buy in a little. So we maybe we will be at $175 in feb.

>> No.26141552

>>26141430
Exactly.
I feel we are overdue a big correction, but biden might also get the $1.4k out before then.

Maybe ((they)) are waiting to dump once people spend the next stimulus on crypto

>> No.26141660

>>26140946
I'm doing something wrong, shows me getting 1000 Hs my i7 10700 benchmark is way higher

>> No.26141686

>>26141397
It depends on the pool you are mining to. With a hashrate that low, your only chance of helping and getting "paid" is by pool mining. With that hashrate, you'd make like 10 cents a day. Most pools don't payout automatically for free until you hit a certain threshold (like 0.3 XMR).

tl;dr you will be mining forever without getting paid anything with such a low performing setup.

>> No.26141690

>>26141430

I have been going down the rabithole for last few days and came up with a theory that almost no one talks about.

Wall street institutional money is piling into BTC and Saylor is deep throating corn in all his tweets and interviews.

Chinese control about 70% of all BTC hash rate. What if the more value piles in China decides to weaponize BTC and coerce the miners to take action together to reorg blocks or censor certain transactions.

It is my belief this starts a domino affect where BTC crashes very badly as wall street fags desperately call up cuckbase to try and find sellers of there worthless corns now that the network is hijacked by chinese and the monero dex volume goes insane as the price of xmr is being bid up to the point where people desperate to get off the BTC ship are willing to swap 1 BTC for 1 XMR possibly more.

The entire cryptospace goes through a massive apocalyptic correction and ETH and XMR are the two major giants standing and a handful of alts.

BTC is forked into something else but permanent damage is done to the name, Wall Street fags lick their wounds and pile into ETH because of muh smart contracts and XMR becomes the global reserve asset of the entire shadow economy and starts eating away at BTC's multi trillion dollar market cap until the point where IG models are sucking dick for picomoneros (smallest unit of XMR possible).

Anyone owning whole XMRs are the new wealth class and those who own large unknown amounts are living in citadels.

I know this is a massive leap for me to make but considering the alt-right movement in the capitol riots and people moving towards signal and private messaging apps the idea of private digital fungible cash that also is more scarce than BTC im starting to see this as a likely future scenario bros.

Chinese wait quietly until BTC has multi trillion dollar marketcap than crushes the network and anyone with half a brain looks at XMR as the only logical scarce life raft left.

>> No.26141715

>>26141397
that’s the thing, i got nothing, i don’t get it
i’m a bit of a newfag to mining in general, but i’m pretty sure i followed everything right.

>> No.26141767

>>26141690
I am now convinced that anyone who posts a wall of text is a schizo, thanks.

>> No.26141776

>>26141686
that’s what i figured, doesn’t seem worth it for me
i’ll give it a few more hours then i’m gonna cut it off

>> No.26141786

>>26141715
See >>26141686
You guys are mining with poverty-tier setups. If you solo mine (through the GUI for example) you have a lottery ticket chance of finding a block but it's incredibly small. Pool mining affords more regular payouts but in small doses.

>> No.26141796

>>26141690
schizo theory posters are here, we can close the general everyone

>> No.26141808

>>26141767
Kek

>> No.26141832

>>26140837
They’re banning everything and unpersoning everyone they don’t like. This is a bull sign for Monero. For link as well, but only because of mass migrations to ecosystems like here where it’s shilled.

>> No.26141918

>>26141796

You say that like im insane. I think you are vastly underestimating China's capabilities if they see western countries pouring value into BTC and they control hash rate.

>> No.26141931

>>26140573
you can buy xmr for btc with ZERO kyc of any kind on bisq

>> No.26141955

>>26140699
having a bank account requires kyc.
having an internet connection requires kyc.
you can buy bitcoin for cash off someone irl and then swap it for xmr if you want the least kyc possible.

>> No.26141971
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26141971

>>26141690
This is something else people like to ignore.
Btc has been compromised by the chinese.

I give your fanfiction a 15% probability

>> No.26142020

>>26141918

>You say that like im insane.
Anyone who spaces like that is insane.

>> No.26142032

>>26141971

I would say 15% is pretty high considering wall street is beginning to pour hundreds of billions in.

The fact that Saylor or any other BTC bull on CNBC isnt even mentioning this scenario leads me to believe they are incredibly naive or just havent thought this through at all.

>> No.26142036

>>26141832
Yup.
I've already read a story of a bank closing the account of a person who went to the dc protest.

Also, btc wallet adresses have been banned in the past, so that's not much safer either.

Monero is clearly the future of unstoppable money.

>> No.26142161

>>26141690
>Chinese wait quietly until BTC has multi trillion dollar marketcap than crushes the network
What do you mean by this though? Yes, PRC basically indirectly controls the mining (or tolerates it) because the Chinese WANT westerners spending money on Bitcoin since it gives them leverage over western finances. If they crash bitcoin they may cause a lot of immediate financial ruin but they'll blow any of the future leverage they would have had over shaping economic policy.

>> No.26142163

>>26139352
Just opened a 5x long
Probably gonna get rekt

>> No.26142273

>>26142161
>What do you mean by this though? Yes, PRC basically indirectly controls the mining (or tolerates it) because the Chinese WANT westerners spending money on Bitcoin since it gives them leverage over western finances. If they crash bitcoin they may cause a lot of immediate financial ruin but they'll blow any of the future leverage they would have had over shaping economic policy.

Chinese implement the "nuclear" option. They get hurt but western economies get blown to pieces the more institutional money pours into BTC>

Their goal is to de-stabilize US politically and economically. BTC is a ticking time bomb for them and they can flip that switch at any time.

Thats my fear anyway.

>> No.26142668

>>26141690
has eth seriously ever been used for something other than an exchange? seriously ask yourself, it has been used for icos and making exchanges like etherdelta, idex, uniswap and i guess now other protocols that are all the same and are meant to be used as a bank that accrues interest. eth also can be finding the next eth killer because it exists in a competitive free market, unlike bitcoin where it notoriously crashes when there is no demand. but ethereum has only been used to build exchanges, and to just buy coins that arent on any other exchanges, much like icos

>> No.26142993

>>26142273
If Xi manages to make Jew bankers an hero from their skyscrapers by doing this I will paint his face across the walls of my house, inside and out.

>> No.26143272

>>26139352
Monero can be tracked, use 0xMonero

>> No.26143733

>>26143272
neck yourself

>> No.26143909
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26143909

I've been a long-time believer in monero, but not invested too heavily in it. Seeing how the price doesn't seem to move during this bullrun when everything else does well tells me that it's becomingly increasingly undervalued. Be greedy when others are fearful, and all. I think now is the time to start DCAing fiat into XMR. The only question is whether to also change my BTC/XMR % ratio. Who knows how low that could go.

>> No.26144019
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26144019

>>26143272
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>> No.26144024
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26144024

>>26140591
what are we going to buy then

>> No.26144171
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26144171

>>26139352
>muh privacy
>i buy it for the tech bro not for profit

lmao dead shitcoin. stay poor fags