/XMR/ Monero General - Irrational markets edition

[Anonymous No.27059399]

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

[Anonymous No.27060237]

"Poloniex has added Monero perpetual futures, allowing up to 50x leverage"

https://medium.com/poloniex/xmr-perpetual-futures-are-now-open-for-trading-4f8425d8263

[Anonymous No.27060784]

Feeling comfy here

[Anonymous No.27060961]

>>27059399
The more actual functionality a coin has, the comfier i am. Looking forward to the influx of noobs who got burned on speculative bubbles and want to get in on a project that actually does something.

[Anonymous No.27061133]

Just DOUBLES my Monero, there are only a few crypto projects you can put money into and be completely comfy. I was to keep a eye on my shit coins to make sure I sell at the right time and don’t miss any opportunity to make gain. Monero Is actually used. Monero MATTERS. It will never moon and I don’t need it to. 1 bitcoin = 1 bitcoin. 1 Monero = a variable amount of drugs. I trust drugs more the fiat

[Anonymous No.27061296]

>>27061133
Ignore lock. do not pump my empty LOCK bags. LOCK is dead

[Anonymous No.27061531]

Thank god that the price is still suppressed, more time to accumulate.

[Anonymous No.27061543]

>>27060961
Isn't a utility token like BNB a better investment than XMR? Unless you're a drug dealer or selling counterfeit art that is

[Anonymous No.27061739]

>>27061543
BNB has way less upside than monero, an exchange token can't really go to hundreds of billions of marketcap.

[Anonymous No.27062144]

>>27061543
Drug dealers are a trillion dollar part of the economy that will eventually be moving to crypto 100% even degenerate crack heads are going to on the street with Monero coins on there fucking iPhones

[Anonymous No.27062403]

Nice week of daily transactions.

[Anonymous No.27062869]

What do you think about Suterusu?

[Anonymous No.27064248]

>>27062869
bump. Asking since it seems like a good long-term privacy hold and they already have tech deployed to anonymize ERC20 transactions, if I understand SuterShield correctly

[Anonymous No.27065405]

>>27064248
it's a shitcoin with zero adoption you retarded nigger

[Anonymous No.27065409]

This gme spam is such cancer. It's spread everywhere. Gambling is dumb, my long term plan is still comfy

[Anonymous No.27065592]

>>27060237
>tfw you bought and sold xmr on poloniex in 2016 then spent it on weed
(jannies banned me from posting images)

[Anonymous No.27065831]

>>27065409
Im so tired of this GME and DOGE shit

[Anonymous No.27065961]

>>27062869
business model is quite scummy, they launched their token over a year before it has any function at all. I bought some in early 2020, I don't have a lot of trust in that dev team, they didn't do too much and even that was full of mistakes, errors and bugs.

[Anonymous No.27066637]

>>27065409
>>27065831
guys, you have to realize that the people who got fucked over by centralized trading services (pretty much everyone on the internet it seems like) will be the first ones to go into crypto seeking for a decentralized alternative.

this is the greatest thing that happened for adoption in the past 10 years. monero will benefit from this exponentially in the long run. it's never too late to start mining btw, think of mining monero for pennies now as mining btc for pennies in 2013

[Anonymous No.27067055]

>>27059399
not that I'm concerned too much, I'm a long time xmr hodler. But every time it pumps a little it gets smashed down again. I wonder why.

[Anonymous No.27067326]

>>27065405
nice thx

>>27065961
I agree that it's troublesome they released without a working product & the token price crashed so hard. But they have a working product now; if adoption is on the horizon and this year will be huge for privacy coins wouldn't it make sense to acquire now?

[Anonymous No.27067616]

shalom my fellow monegroes
what's this pic I'm seeing get posted recently? is there a source to it? image search turns up nothing

[Anonymous No.27067731]

>>27067326
I don't really want to put money into anything on the ethereum network. Transactions haven't been affordable for months now, it needs to die with it's 80$ transaction fees. Completely unusable in this state.

[Anonymous No.27067936]

>>27067616
This is a screenshot of a message from a telegram group. Easiest thing to fake, probably just a larp.

[Anonymous No.27068549]

>>27067936
>telegram
ah, just realized what the background was. seemed like nonsense BSV propaganda anyways. thanks.

[Anonymous No.27068659]

>>27068549
This is more like ripple propaganda

[Anonymous No.27069152]

I would love to hold monero but alas I feel as though it will be skipped over this bull cycle and I don't want to miss out on gains

[Anonymous No.27069163]

monero is fucking awesome, sad to see it fall behind shit like XRP and DOGE but this means we still have much to grow from here

[Anonymous No.27069831]

>>27069163
Cash is either private or digital, it can't be both

[Anonymous No.27070485]

>>27069831
yeah maybe the image should be credit cards, private just from the public and not from your bank, unlike bitcoin which is transparent for everyone

[Anonymous No.27072426]

>>27065592
STOP IT JANNIES

[Anonymous No.27074529]

>>27072426
don't post porn on a blue board, it's that easy

[Anonymous No.27074699]

tfw i could've tripled my unknown amount by trading it to dogcoin and back, but ended up deciding not to

[Anonymous No.27074884]

>>27069163
right now the rhetoric that I am seeing everywhere is "I love Monero but I don't want to miss out on the gains" like this moonboy fag>>27069152
What these anons don't realize is that market sentiment switches over night. We unironically got the news this week that fucking GRAYSCALE is looking at Monero. Transactions are booming. The ring signature update is fullsteam ahead and coming out later this year...But of course, Doge pumps and Monero stays at around the same price.
The smart money is accumulating right now. When we moon, it will be glorious. We just need to stay the course in the mean time.

[Anonymous No.27075498]

>>27074884
Fact and bamp

[Anonymous No.27075570]

>>27074699
I wouldn't beat yourself up. Crypto is unpredictable. I was going to buy gamestop this summer but decided against it. I could have made so much but that's how it goes sometimes.

[Anonymous No.27076555]

>>27075498
It's funny how the entire market is looking for stocks that are suffering under shorts.
They are now starting to realize the potential moon for precious metals.
And when it comes to crypto, Monero is clearly the most manipulated.
It's only a matter of time.

[Anonymous No.27076872]

>>27074529
>>27072426
post higher quality cropped porn it's that easy

[Anonymous No.27077170]

>xmr threads still being up even as we get invaded by redditors
Impressive.

[Anonymous No.27077410]

boys, I love XMR, I want to start mining. Is it profitable? and what's the best hardware to acquire?

[Anonymous No.27077483]

So there's no chance of using my laptop to mine if I'm seeing this correctly. When I tried it didn't seem to be using all the cores or the gpu.

[Anonymous No.27077839]

>>27077410
It's somewhat profitable on newer (more power efficient) cpus, but not as profitable as something like eth mining. Most people who mine xmr aren't mining it just for profit.

Best hardware is any recent ryzen cpu, I think the 3600x is the best bang for buck. Most Intel cpus are pretty shit at it because they only have 1mb of L3 cache per thread and xmrig requires 2mb per thread.

[Anonymous No.27078416]

>>27077483
best not to wreck your laptop like that anyway anon

[Anonymous No.27078455]

>>27076555
fact, bump and checked

[Anonymous No.27079182]

>>27078416
"best not to use your computer to perform calculations, anon! computers aren't designed to do that!"

[Anonymous No.27079354]

Got a question since I'm new to mining.

I have my enterprise-grade server screaming mining Monero, its been a few hours and I haven't received anything. This wouldn't be a bad thing and I would normally just let it run, however the room where my server is in has become a temporary recovery room for one of my chickens. If I were to shut down my mining operation until morning, will I still receive a reward for my contribution to the pool?

Sorry if this is a dumbass question.

[Anonymous No.27079410]

>>27079182
it will cause component damage which will suck if hes a poorfag with only one laptop.
>>27077839
I appreciate it. To be honest I'm more after profit. I'm gonna keep researching but probably not end up throwing money into it.

[Anonymous No.27079442]

>>27079182
Well you bought a laptop anon, those aren't designed to perform many calculations at persistent speeds, it'll overheat and wear out very quickly.

[Anonymous No.27079718]

Fucking A maybe we can have a quiet weekend of XMR generals again.

How are we looking today, chads?
managed to stack some XMR off that AMC pump. Feeling VERY cozy today.

[Anonymous No.27080253]

>>27079354
rewards are granted after each block the pool finds, you can probably look at that on their website. If it is really unlucky, it might take more effort to find a block than the long term average, which means through that timeframe your hashes are worth that much less monero as well. The opposite is true too, if it's lucky and finds lots of blocks in a short amount of time, you get a nice bonus for your hashes.

[Anonymous No.27080273]

>>27066637
Yeah I was “Monero pirate” in that newfag onboarding thread earlier if anyone saw that.

We should run more of those independently just to ensure as few of these guys fall through the cracks as possible. This is LITERALLY what crypto was waiting for and 70% of hodlers are still on their asses thinking “naw this ain’t it yet”.

WE ARE the OGs to these newfags.

[Anonymous No.27080512]

>>27079410
>>27079442
Is this a new thing with laptops? I have laptops ranging from 5 to 10 years old that have all been running at full turbo boost clocks for years on end. They are (obviously) perfectly fine as they were literally designed to dissipate the heat they generate. That is a major consideration that goes into the design of a computer. You will be extremely, extremely hard pressed to find any computer that is unable to effectively dissipate full load heat, in fact, the only example I can think of where this has ever occured was apple's defective i9 laptop from 2 years ago. To summarize, computers are designed to be used, if you can even bring up one example (anecdotal or otherwise) of a laptop "dying" simply from load or heat then I encourage you to do so.

[Anonymous No.27080623]

>>27074884
grayscale news slipped under the radar with all the craziness going on. going to catch a lot of ppl off guard when this materializes. comfy.

[Anonymous No.27080838]

>>27065409
>Gambling
for most people it's about a tiny bit of revenge on the arrogant plutocratic elite that is rigging the game all the time and has courts, politicians and media under their control. I sympathize.

[Anonymous No.27081211]

>>27080512
I know peoples who's laptops fans have melted just from playing games all day, that's anecdotal, and every single person I've ever talked to said mining for long period of time on your regular computer is a bad idea. So I guess I am being a bit of a sheep, but I tended to trust these people.

[Anonymous No.27081354]

>>27081211
also I think it is more so long term component damage than heat damage