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2021-02-02 09:19 27523599 Anonymous XRM Monero General (monero.png 770x578 393kB)
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

2 min later 27523813 Anonymous (B4492FE9-486B-476F-AD5A-8789A92AEECC.gif 415x477 187kB)
I LOVE MONERO!

2 min later 27523869 Anonymous
>>27523599 Cake wallet just announced integrated support for btc storage. Super bullish and normie friendly.

4 min later 27524024 Anonymous
Did anyone buy the dip? I had nothing liquid.

5 min later 27524229 LebAnon
feels good to post again >>27523813 don't we all >>27523869 super billy bullish https://xmr.to/blog/job-done I swear reading this makes me proud to be a monero bull at least I know I'm free

6 min later 27524257 Anonymous
Is there any reason to buy Monero in a centralized exchange? Doesnt that defeat the purpose of anonymity?

6 min later 27524303 Anonymous
>>27523599 comfiest thread on /biz/

9 min later 27524622 LebAnon
>>27524257 exactly so what most people here do from what I gathered is getting some low fee coin like LTC on Binance if you already have KYC there and use exodus/morphtoken etc... to get XMR I only get P2P here cause we can't get any shit online privacy for the win my brothers

10 min later 27524733 Anonymous
>>27523599 The most based crypto known to man.

12 min later 27524866 Anonymous
>>27523869 Gearing up for XMRBTC atomic swaps I'd assume.

14 min later 27525112 Anonymous
>>27524024 we'll dip back under 140 for a bit in the coming week, you can buy then before it rises to 160

27 min later 27526483 Anonymous
>>27524024 I was already all in. I did catch a bit of the dip on the bit t-rex delisting in December. Feels good to be in the greeen!

37 min later 27527563 Anonymous (1504735403612.jpg 480x490 155kB)
can someone pls spoonfeed me on the mining aspect? i've been ETH mining for a while. wanted to get into XMR but never got around to it. so, it used to be CPU mined only? and just recently, GPU's gained the ability too? and, whats a good place to check hashrates of different hardware?

37 min later 27527575 Anonymous
>>27524257 Depends on your use case. Buying on kyc exchange you can later prove where have your Monero come from in case they gained value and you want to sell at profit paying taxes. Also you can always loss your keys.

40 min later 27527872 Anonymous
You also have the benefits of privacy as no one will ever know your amount nor your transactions except gov in case you want take profits legally.

54 min later 27529462 Anonymous
>>27524866 Seems like a pretty solid hypothesis. >>27527563 The opposite. Monero switched to CPU mining because GPU inevitably gets BTFO'd by ASICs. With CPU mining you increase true decentralization and make 51% attacks significantly harder. (If you're reading this and it makes no sense to you the newfriend version is: China owns most of the computers that make bitcoin work, and they could fuck it up if they wanted to. Not the case for XMR.) Anon, there are good resources for mining on getmonero.org and r/moneromining >>27527575 Correct. >>27527872 Also correct.

55 min later 27529492 Anonymous
>>27527563 you can run randomx on gpus, but it will be much less efficient than a cpu at it. gpu mining monero will suck way more energy than cpu mining at the same speed.

57 min later 27529666 Anonymous
>>27527563 xmrig.com/benchmark for checking hashrates btw

1 hours later 27530097 Anonymous (1527736980765.jpg 800x1160 199kB)
>>27529462 >>27529666 thanks anon and Satan, that was a huge help. its just that first hurdle that's hardest to jump

1 hours later 27530160 Anonymous
>tfw all my coins pumping, even xmr feels good feeling that i should cash out some, I doubt this bull run will continue for long

1 hours later 27530422 Anonymous
Ordered a raspberry pi 4 with 2 gigs of ram just to hode a monero node might use it to host a tor relay node as well

1 hours later 27530512 Anonymous (xWcl1LVy_400x400.jpg 281x281 12kB)
I'm about to tether up bros. The air feels funny. Like right before a storm. Hopefully my xmr bag comes out bigger after this.

1 hours later 27530646 Anonymous
>>27523599 >XRM DAMNIT OP, YOU HAD ONE JOB But it's okay I forgive you.

1 hours later 27531772 Anonymous
Okay but monero is like richfag coin. Can't afford such big boy coins.

1 hours later 27532415 Anonymous
>>27527563 > RandomX is a proof-of-work (PoW) algorithm that is optimized for _general-purpose CPUs_. RandomX uses random code execution (hence the name) together with several memory-hard techniques to _minimize the efficiency advantage of specialized hardware_. (emphasis mine) Random code execution means random data dependancies and is therefore heavily reliant on having a fast cache. For this reason it is pretty cost ineffective to manufacture ASICs that have better performance than modern CPUs. This is also why the algorithm isn't that GPU friendly (GPUs are good at mas parallel calculation without data dependancies) so you'll find them having similar hash rates for worse power. You'd be better off mining ETH on your GPU and selling it for XMR. As a result this discourages centralisation and mining farms. As such XMR's future isn't dictated by mining farms or ASIC manufacturers, it's hashpower is very decentralised compared to other blockchains making it difficult for large entities to influence it. The commonly used mining software xmrig now includes a benchmarking leaderboard (https://xmrig.com/benchmark), for older stuff there's this site (https://monerobenchmarks.info/) and /r/MoneroMining. Let me know if you have any more questions!

1 hours later 27532753 Anonymous
piece of shit why the fuck is it STILL crabbing?

1 hours later 27532802 Anonymous
>>27532753 thats the secret its always crabbing (up)

1 hours later 27532812 Anonymous
>>27523599 any idea about when atomic swap is possible? 2022?

1 hours later 27532946 Anonymous
I'm getting 3500 H/s with 3600 am I doing something wrong? and the heat is like 95 degrees nonstop

1 hours later 27532992 Anonymous
>>27532812 probably this year. there is more than one atomic swap project now.

1 hours later 27533023 Anonymous
>>27531772 Fake it till you make it fren

1 hours later 27533171 Anonymous
I actually sold my stack at 125$ because I thought everything was going down but I got fucked so hard, I still can't sit... fml... Never swing you xmr NEVER EVER

1 hours later 27533366 Anonymous
>>27532415 cool thanks! actually, now i wanna know if my gpu mining will degrade if I have xmrig running along side the GPU mining software. give the cpus something to do. but if it hurts ETH yield then theres no point besides diversity

1 hours later 27533498 Anonymous (2021-02-02-165445_283x331_scrot.png 283x331 7kB)
>here's your fees bro

1 hours later 27533697 LebAnon
>>27530422 this is what it's all about based as tits >>27530160 DCA out when cashing profits is a good strategy, 70% to stable coins and then 20 or so

1 hours later 27533848 Anonymous
>>27533498 the fuck kind of atm charges 18%? The one next to my house charges 1.5%

1 hours later 27533874 Anonymous
>>27532753 Fears for regulation? This market cycle we've seen the mass adoption of crypto but also the mass regulation of crypto. I'm guessing the market is rightfully afraid that countries could release some relugation against privacy coins and well see the XRP charts play out in XMR. We've seen exchange delisting and xmr.to shutting down. I think it's not going to be if but when.

1 hours later 27533897 Anonymous
Someone post Monero-Chan lewds pls

1 hours later 27534103 Anonymous (monerowaifu4.png 769x1285 328kB)
>>27533897

1 hours later 27534261 Anonymous (1609887009812.png 640x868 837kB)
>>27524229 >makes me proud to be a monero bull at least I know I'm free Indeed, anon https://youtu.be/VNfhIY5-63I

1 hours later 27534349 Anonymous
>>27533366 No, you can see this by monitoring the cpu usage whilst mining ETH, for me on linux it's less than 1%.

1 hours later 27534489 Anonymous (1609688612163.jpg 1079x1754 220kB)
>>27533897

1 hours later 27534865 Anonymous
>>27533848 ATMs where I live are real jewish The lowes is Coinflip, but even then not as low as I'd like it to bee

1 hours later 27535145 Anonymous
xmr is extremely undervalued in sats. Should be at least 0.008BTC. It's hard to hold because everything else is popping in the bull market. I use my 1000xmr bag for margin trading because it doesn't go up in value. So far I've made 60k USD and put that into bitcoin.

1 hours later 27535306 Anonymous (1559737558801.png 200x200 6kB)
>>27523599 How do monerofags feel about Verge? going through Tor sounds like a good privacy proposition

2 hours later 27535907 Anonymous
>>27535306 total shitcoin. Also tor has nothing to do with blockchain privacy. We are concerned with cryptocurrencies with transparent ledgers and unshielded transactions. Besides, if you are concerned about your ip being known, you can use i2p or tor with Monero or host your own node.

2 hours later 27535967 LebAnon
>>27535907 based >>27535145 at least you never gave up your XMR stack

2 hours later 27536065 Anonymous
>>27534103 >>27534489 Gracias amigos

2 hours later 27536412 Anonymous
I'm almost at 3 digits worth of XMR, bros. Will I make it?

2 hours later 27536555 Anonymous
>>27536412 For sure. 100 is making it in 5-7 years.

2 hours later 27536631 Anonymous
>>27535306 it would have worked in 2017 but its worse than a shitcoin its a dead coin. XMR is the only coin that guarantees anonymity and privacy.

2 hours later 27536849 Anonymous
>>27536555 I don't know man. The btc price is saying completely otherwise. It is dumping like crazy. So much that I seriously question whether there is supply bug exploit and someone out there is printing coins and dumping them on the market. How else do you explain the price? And this proves that utility doesn't mean shit because XMR is the only coin that's being used for anything on the net.

2 hours later 27536965 Anonymous
>>27536849 >How else do you explain the price it's a mixture of active price suppression and media FUD to discourage investment.

2 hours later 27537250 Anonymous
>>27536849 >So much that I seriously question whether there is supply bug exploit and someone out there is printing coins and dumping them on the market. you’re doing some kind of self psy op the reason is more trivial, nobody gives a shit about fundamentals during a bull market where everything pops like crazy

2 hours later 27537607 Anonymous
he says "I need XMR no Euros" in this song maybe you guys will appreciate it. also $150 woooo. https://soundcloud.com/queed-inc/sh adow

2 hours later 27537860 Anonymous
Monero is pretty slow.. took me 20 mins to unlock so i could use it are they going to make this faster anytime soon?

2 hours later 27537931 Anonymous
>>27523599 XMR is the most based coin, I hold [undefined amount] of XMR, not because I want to trade it and "make gains" but because it's a good store of value. >hold undefined amount of monero >problems, sec?

2 hours later 27538151 Anonymous
>>27537860 when they increase ringsize logarithmically the transaction time will cut by 1/10 so 20 - 20 * 1/10 = 18 minutes

2 hours later 27538360 Anonymous
>>27537860 You mean to sync the blockchain before you can make transactions? Unfortunately that's the cost of privacy through Ring CT. Your client has to verify all remaining blocks before it can confirm your transaction. Light wallets in other crypto are faster as they can simply trust that the head value of the wallet at the head of the blockchain is correct.

2 hours later 27538366 Anonymous
>>27538151 There is a block every 2 mins. Just pay a slightly higher fee like 0.01cent

2 hours later 27538484 Anonymous
Is it worth mining this shit?

2 hours later 27538550 Anonymous
>>27523599 YOU NEED TO BE PUMPING EVERY LAST BIT OF SPARE SILICON INTO MINING THIS ANON, WTF ARE YOU DOING, RIGHT NOW!

2 hours later 27538691 Anonymous
>>27538366 ??? this is the monero thread my nigga

2 hours later 27538705 Anonymous
>>27538550 I don't have a real PC (laptop fag) and don't have 3k to spend on an AMD Ryzen

2 hours later 27538751 Anonymous
>>27537860 probably not. As it is, vendors often accept monero transactions once the transaction appears in the block. Monero has blocks every two minutes and requires 10 to be fully confirmed. If you have more Monero in your wallet, then the waiting time is meaningless because you'll be able to spend other unlocked uxtos.

2 hours later 27538794 Anonymous
>>27537250 nobody giving a shit about fundamentals is true. Or maybe people wised up to the fact you can just hold bitcoin and swap to XMR when you need it. This way you can buy more and more XMR as time goes by but it doesn't work the other way around.

2 hours later 27539408 Anonymous
NOOO WHY IS IT PUMPING PUMP WHEN I HOLD 100+ WTFF

2 hours later 27540464 Anonymous
>>27539408 it's not pumping. Just bitcoin went up so the fiat value of XMR went up. The sat value is down 1.76% today.

2 hours later 27540857 Anonymous
I am just keeping my XMR stack in cold wallet. It always goes wrong if I start to try trading stuff, same thing with stocks. Buy and hold has worked for me perfectly with btc, eth, stocks, ETFs, also low stress. Maybe XMR will never pump but it’s a small part of portfolio, very much worth the risk based on all the info

2 hours later 27541052 Anonymous
Crypto OGs know that the endgame is XMR

3 hours later 27541690 Anonymous (1611646345246.gif 220x220 106kB)
poompaaaaaaaaaaaaaaaaaaaa bought the dip and then bought the dip line goes up you cant explain that

3 hours later 27541959 Anonymous
>>27533171 swingies get the rope

3 hours later 27542133 Anonymous
>>27524622 You buy with Bitcoin on p2p?

3 hours later 27542215 Anonymous
So if I never intend to buy dark net goods with monero and want to accumulate my main stack through kyc just so I can say fuck it here's where I got it and pay tax on my millions in 20 years that's mostly acceptable right?

3 hours later 27542366 Anonymous
The fact that XMR "Never pumps" tells you everything you need to know. Whales are accumulating before the inevitable 3k bullrun

3 hours later 27542719 Anonymous
>>27542215 >that's mostly acceptable right? Mostly? It's completely acceptable. This rhetoric of Monero being "shady" is all because of the propaganda/fud we see in crypto media and on message boards. There is literally nothing illegal about using Monero and anybody telling you that is trying to keep the price down.

3 hours later 27542926 Anonymous
Where is best to learn the math behind XMR and zk proofs?

3 hours later 27543007 Anonymous (1607425206144.png 1448x1592 2279kB)
>they're still holding XMR and haven't upgraded to XRM

3 hours later 27543057 Anonymous
>>27542926 zero to monero is exactly what you are looking for

3 hours later 27543215 Anonymous
>>27542926 have you read the cryptonote whitepaper?

3 hours later 27543238 LebAnon
>>27542133 no cash USD or the black market rate of my currency some sell for BTC as well, but we dont have Bisq now localbitcoin or localmonero here localBTC was banned about a year ago crypto is already illegal but fuck if we care

3 hours later 27543330 LebAnon
>>27543057 seconded!

3 hours later 27543446 Anonymous
>>27543057 >>27543215 I'll take a look, thanks.

3 hours later 27543476 Anonymous
>>27542719 XMR needs to flip LTC and BCH. Both are literal shitcoins with no utility other than they've been around for a while. XMR enthusiasts need to meme this to life. Feds should be begging for KYC exchanges like Coinbase to list XMR because if someone is suspected of doing something illegal, the only chance the feds would have to seize that persons assets is they put their coins on an exchange like Coinbase. Sounds dumb but criminals do dumb things all the time. I fully expect to see XMR on Coinbase and the bullrun will begin.

3 hours later 27543647 Anonymous
thoughts on these? https://modernconsensus.com/regulat ion/irs-bets-1m-monero-transactions -are-traceable/ https://cryptopotato.com/crypto-int elligence-firm-claims-monero-xmr-tr acking-capabilities/

3 hours later 27543751 Anonymous
>>27543446 https://bytecoin.org/old/whitepaper .pdf

3 hours later 27543844 Anonymous
>>27543647 we're still waiting for any of these 'tracking capabilities' to actually be demonstrated

3 hours later 27544245 Anonymous
>>27543844 why would any company capable of this demonstrate publicly? It would only make sense to demonstrate to gov agencies.

3 hours later 27544551 Anonymous
>>27538484 Bumperino

3 hours later 27544688 LebAnon
>>27544245 because they want to give petty cash for cracking the biggest privacy coin, which they can't and if they did they would use that to FUD the fuck out of all of crypto, so no not to demonstrate to gov agencies in my opinion they've demonstrated how weak their FUD is and the only way to combat XMR is by forcing delistings, and it didn't work :) this is worse that

3 hours later 27544887 Anonymous
>>27543476 >I fully expect to see XMR on Coinbase and the bullrun will begin. I agree anon. It's insane how the recent Grayscale news has gone under the radar. Once Grayscale announce purchases I think that will be the writing on the wall that Monero is around the corner for Coinbase. The whales are probably still accumulating, but once they are done stacking the floodgates will open. >>27543647 Ciphertrace saying they can trace Monero transactions and then not even winning the IRS grant is still funny. Anyway, the only way to "trace" a Monero transaction would require all the Metadata through kyc exchanges. so if you are a target, then you need to study Monero a little more to figure out potential opsec weaknesses. To give you an example of what I'm talking about, sending Monero directly off of an exchange to a person, instead of sending your Monero to your personal wallet first, is a glaring opsec mistake that is done routinely by noobs. By just sending Monero to your own wallet first, you are automatically removing many of the techniques used to potentially deanonymize transactions because it is impossible to observe an individual's subsequent transaction history.

3 hours later 27544935 Anonymous
>>27544245 no i mean for any governmental agencies to arrest someone based on an xmr trace i.e. ransomware developers or dark web market vendors to my knowledge nothing like that has happened. they just claimed they can do it but never did lol

3 hours later 27545074 Anonymous
Feeling extra comfy knowing normies (probably some of my friends too) lost their savings buying leddits bags lmfao Let this be an universal lesson for everyone that thinks about trading >>27543330 Hi lebanon, i always enjoy you chilling here

3 hours later 27545671 Anonymous
>>27544935 They made these claims so that they could get the next gov contract, then the next gov contract, then the next gov contract.... It is all a perpetual line of BS for them to keep getting paid by the gov. If they've successfully discovered ways to trace XMR, the price would plummet 99% within 24 hours and the chain would become vaporware. They would be able to theoretically bankrupt cybercriminals overnight.

3 hours later 27546157 Anonymous
There was a bug like this in late 2018 i believe. Monero is ridiculously undervalued if there isnt anything wrong with it. Tbh though, i swing trade it because my gut tells me there is. Its not a mania phase yet, its the ending of the beginning stage of a bull market, where coins with "fundamentals " are taking off. If it doesnt make new ATH by the end of february or march (and other shitcoins keep doing the contrary) id be weary of it losing its spot to something else

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