4chan archive /biz/ (index)
similar threads
2021-01-24 03:35 26460478 Anonymous /XMR/ Monero General (monerowaifu26.jpg 714x737 61kB)
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
3 min later 26460593 Anonymous (1611442760652.png 788x669 278kB)
Ultra comfy hodl
3 min later 26460608 Anonymous
Comfiest shit coin try and change my mind
4 min later 26460623 Anonymous
>>26460608
i literally forgot how many of these i even have...
15 min later 26460940 Anonymous (1611134051077.png 1280x809 296kB)
>>26460593
>>26460608
based anons. holding XMR actually feels like pic related, even when the price is going down
19 min later 26461067 Anonymous (1611426908861.png 967x1280 369kB)
Holding till 20K at least
20 min later 26461080 Anonymous (red-monero.jpg 2960x2124 1711kB)
Say, for educational purposes, that I don't like taxes.
If I move the current coin that I'm holding from a KYC exchange to a non-KYC exchange, and sell it there, does that transfer leave a trace or am I anonymous?
What should I do otherwise?
22 min later 26461142 Anonymous
>>26461080
If it's a transparent crypto, chain analysis could follow it.
27 min later 26461250 Anonymous
>>26461142
So taxes are going to be a must for this coin, and I should start from zero for anonymous holding?
36 min later 26461551 Anonymous
>>26460478
Btw, the article on Cold Storage in the OP seems to be outdated. It says no hardware wallet is available for XMR and that Ledger was working on it. Now Ledger does have a wallet for XMR.
38 min later 26461577 Anonymous (1610051434926.jpg 1079x1215 729kB)
>>26461250
cant read, ngmi
41 min later 26461691 Anonymous
>>26460478
so, is this worth holding? i got a few XMR some weeks ago
52 min later 26462034 Anonymous (1610316512655.gif 415x477 187kB)
>>26461691
long term hold for diamond hands monerochads
57 min later 26462225 Anonymous
>>26461577
ESL chad here, I understood perfectly.
1 hours later 26463041 Anonymous
bump
1 hours later 26463150 Anonymous
I buy and hold Monero on binance. No crypto taxes in my country though.. should I stop ?
1 hours later 26463562 Anonymous
>>26463150
not your keys not your coins
1 hours later 26463641 Anonymous (20210125_024144.jpg 1080x1820 432kB)
>>26462225
if red y question
1 hours later 26463747 Anonymous (1610026222122.png 3200x1826 351kB)
>>26463150
dont stop, just transfer them to a cold wallet instead of leaving it on Binance, check the ones on >>26460478
1 hours later 26464097 Anonymous (numbah one dj on the planet.jpg 1000x1500 1394kB)
>>26460478
>UNKNOWN AMMOUNT!
1 hours later 26464231 Anonymous
Bought a coin now that the price has gone down ;)
1 hours later 26464232 Anonymous
>>26464097
Where does this meme Come from, you've been posting him for a while now
1 hours later 26464346 Anonymous
>>26464232
not thaiboy monegro but
its thaiboy digital, an absolute based artist melded by the cyberspace.
1 hours later 26464414 Anonymous
>>26463641
In other words yes just practice general crypto security practices.
2 hours later 26464563 Anonymous (dj billybull.gif 600x336 3425kB)
>>26464232
thaiboy goon from DG/dj billybool (his other persona)
2 hours later 26464638 Anonymous
Every other coin I hold is just an attempt at outpacing XMR in the short term so I can afford more XMR than my meager income allows.
Never fucking selling.
2 hours later 26464828 Anonymous
>>26460478
is there a way to support monero with a node? i have some leftover raspberrys dont know if they are good enough though.
2 hours later 26465063 Anonymous
>>26464638
Based
>>26464828
Of course. Running a node to help support the network is the chad thing to do.
2 hours later 26465229 Anonymous
Hey so I was considering mining to pay off my gaming PC, and with ethereum ending soon my hopes would have to lay with XMR, CPU mining is the only thing power efficient enough from the looks of it. But does anyone have any advice on this?
2 hours later 26465326 Anonymous
>>26465229
https://www.cryptocompare.com/minin g/calculator/xmr
Unless you have free or v v v cheap electricity it wont be worth it
2 hours later 26465364 Anonymous
>>26464638
same + mining
2 hours later 26465407 Anonymous
>>26465326
considering price increases, it most certainly will be worth it post facto
2 hours later 26465442 Anonymous
>>26465229
It's exactly the opposite. Ethereum mining on a GPU and exchanging it for XMR is more profitable than just mining it on a CPU. Currently a 3080 will net you around 5 USD/day, mining with a modern CPU's it's a lot less.
2 hours later 26465622 Anonymous
>>26465364
Based. Eth and xmr mining, but only holding xmr. Vert comfy
2 hours later 26465628 Anonymous
>>26465063
are there any risks for my own network running a node?
2 hours later 26465839 Anonymous
>>26465442
Sorry I think I have to clarify.
I will mine ethereum but they are switching to proof of stake with ETH 2.0 and eventually won't be minable at all.
I was probably going to mine LBRY later not for profit to support the decentralized internet and freedom of information on my GPUs.
My question was if you look at the benchmarks XMR mining on CPU is about 75% profit to power. Whereas on GPU it's negative, has anyone seen a workaround, and if I buy a like 3k CPU can I mine my money back assuming everything checks out power wise?
2 hours later 26466068 Anonymous
>>26465839
What? A gpu earns a lot more as the other anon said. Buying a pc to mine would be pretty dumb. Best is having a mid tier gaming pc (best price/perf) to game and mine on the side. Upgrade on regular basis, flagship hardware always gets rekt next gen anyway
2 hours later 26466143 Anonymous
>>26464414
My seeds are backed up in github, but encrypted with my gpg key.
I hope that's good enough
I will write them down in paper though.
2 hours later 26466359 Anonymous
>>26465839
On my 8700k I can manage about 5000hps which is literal dogshit compared to everything ryzen is capable of doing. Feels bad but it is what it is. I've been toying with the idea of building another PC to replace this one so I can mine with a ryzen build but their CPUs sell out fast as fuck.
2 hours later 26466665 Anonymous (This is fine opposite.jpg 1798x1077 184kB)
>>26466143
Unnecessary risk to take. Make a new one to be safe and only write it.
3 hours later 26466909 Anonymous (unknown.png 894x723 44kB)
Is this normal? If Monero is experiencing organic growth, shouldn't the trend be that it's always slowly going up? It looks like it's just going up and down with no growth lately.
3 hours later 26466929 Anonymous
I've divided up an unknown amount of Monero and secured them in cryptosteels; some here, some other places I can collect from.
Feels good.
3 hours later 26466969 Anonymous
i love monero and will go back to it when the bull run ends, but for now im all in on shitcoins
3 hours later 26466974 Anonymous
>>26466909
When people talk organic growth with Monero its transactions/day... Not fiat value.
3 hours later 26467831 Anonymous
>tfw comfy
3 hours later 26467978 Anonymous
just buy now monerbros, or should i wait and see if it falls more?
3 hours later 26468230 Anonymous
>>26467978
DCA
3 hours later 26468577 Anonymous
Anyone know something about TARI (Tari) is it some sort of ethereum, any kind soul can give high level purpose or use case for TARI ?
3 hours later 26469063 Anonymous (20210124_132832.jpg 388x443 80kB)
>>26466909
Did we forget to tell you that organic growth is cope for no growth.
3 hours later 26469281 Anonymous
>>26469063
Based fudposter
4 hours later 26470217 Anonymous
>>26468230
dca
4 hours later 26470412 Anonymous
>>26461551
so does trezor
4 hours later 26470464 Anonymous
>>26468577
>high level purpose or use case for TARI ?
it's basically a semi-private blockchain for digital assets, mergemined with monero
>semi-private
Better than most other cryptos still, but less then monero. Uses mimblewimble.
>digital assets
Can be things like in-game items/skins, collectables but also convert/event tickets. Fluffypony already works with one of his irl friends who wants to build a ticketmaster like site (and has funding for it)
>mergemined with monero
not exactly sure about how it works, but basically this protects tari with moneros hash rate, ensuring a secure blockchain from day 1. In return the tari investors pay for monero relay nodes in china (like 10k USD/month) and provide a good chunck to the general monero fund. Tari fails without monero, so investors are indirectly supporting monero as well.
The testnet is online already, just try the android/ios wallet. imo user experience is much nicer than monero. Wallet addresses are emojis and much more normie friendly (essentially forces copy & paste of address, makes it easier to compare). Transactions are almost instant, 1-2 seconds in my experience. It's also nice that you can attach a message to the payment, making it easy for the recipient to know what the money was for.
>is it some sort of ethereum
I don't know how much smart contract things are possible, but I don't think it's designed to be a general purpose defi app engine.
4 hours later 26470641 Anonymous
>>26468577
pretty sure its for NFTs or at least a much more narrow scope than eth, but its been a while since i've read anything about it and forget lol
4 hours later 26471053 Anonymous
is now good time to buy? I want to buy like 50 at first and just hold long term
4 hours later 26471222 Anonymous
>>26470464
thanks!
4 hours later 26471288 Anonymous
>>26470641
Thanks!
4 hours later 26471513 Anonymous
>>26471053
Adding to this question; Will there be a foreseeable drop to $50 like some anons say? And if so, when?
4 hours later 26471667 Anonymous
>>26471053
you missed the fire sale a few days ago but literally this second is a good buy
4 hours later 26471843 Anonymous
>>26471513
if btc crashes (and it will sometime this year), xmr crashes alongside it with silimar %. It will recover eventually.
If you want to put fiat into crypto, xmr might be the best option as it's not crazy overvalued unlike everthing else.
>>26471053
Get some now, dca some and keep a bit of cash on hand to buy the crash. USDXMR is pretty good rn, but it might be a few % cheaper in a couple of hours
5 hours later 26471873 LebAnon
comfy thread
5 hours later 26471914 Anonymous
>>26471513
I have some money ready. I'm waiting for < $100 to buy. I'm willing to wait for another 3-4 weeks. I think all cryptos will soon crash. But I'm just a random anon on the Internet, so this is clearly not financial advice. Just my opinion.
5 hours later 26471976 Anonymous
>>26471053
There's no way to know when it's a good time go buy, which is why we always recommend dcaing.
5 hours later 26472138 Anonymous
>>26470464
So, could you use it to sell a book? (that you wrote i mean), or a Photo do I get it right?
5 hours later 26472342 Anonymous
>>26472138
think of digital assets like collector items. There are only a finite amount of them. They can't be reproduced or created out of thin air, like cryptocurrencies.
A good example is a limited edition character skin for a video game, in which there are only 100 of these assets. They get sold out fairly quickly and then later people/collectors will go out of their way to buy these skins on some sort of digital assets market.
5 hours later 26472490 Anonymous
>>26472138
if I understand correctly it's more a proof of ownership and the blockchain does not store the data itself. Ownership can be transfered, so expect people to resell your book once they've read it. I've only spend a couple hours on research so I might be wrong.
For media and especially videos lbry is imho the best option rn. Unfortunalty it has no privacy, otherwise I'd use it much more.
5 hours later 26473418 Anonymous
Guys I downloaded the Monero binaries. I think they have a virus or spyware or something. Ever since my phone has been acting really weird. I keep getting calls from this guy called 'Based Department'
5 hours later 26473630 Anonymous (djbillybool.gif 600x336 2940kB)
>>26473418
Based.
5 hours later 26473733 Anonymous (3E33FEE3-8A41-4534-A9D1-82BDCB692067.jpg 410x598 46kB)
>>26473418
5 hours later 26473744 Anonymous (based.png 820x993 913kB)
>>26473418
based
5 hours later 26474097 Anonymous
how many xmr do I need to make it?
5 hours later 26474208 Anonymous
>>26474097
300 suicide stack. 1k make it stack
5 hours later 26474443 Anonymous
>>26474208
>stuck in 2 digit hell
6 hours later 26474718 Anonymous
>>26474097
100
18 is suicide stack
6 hours later 26474960 Anonymous
>>26474097
18.7 suicide stack
50 comfy
100 make it
6 hours later 26475061 Anonymous
Is Kraken the easiest place to buy for US citizens?
6 hours later 26475175 Anonymous (node (1).png 842x594 59kB)
Who here is running a full node? Mine is still syncing.
6 hours later 26475771 Anonymous
>>26475061
As Eurobean kraken is easy and comfy, guess it's fine in us too
3.022 0.143