/biz/ - Business & Finance

>>27150480
Unfortunatelly, it'll get buried under a ton of reddit PnD threads.

>>27150480

good work op.

cant wait to accumulate more while people get financially ruined by pastrycoin

>>27150480
Honestly pretty based anon

>>27150480
Finished syncing the blockchain.
Some of you mine it?

>>27150999
>participate in PnD to get more eth
>siphon profits into XMR
>???
>profit

>>27151402
Yes.

Shut up faggots I’m still accumulating

>>27150480
I'm never selling my monero, comfy hold

>>27151557
With the official monero program or others miners?
And the hardware?

>>27151486
Good luck trying to outscam the scammers.

>>27150480
newfag here (to /biz/. Been on 4chin for well over a decade)
I'm looking for a comprehensive guide on good exchanges / privacy tokens.
Any tips?
Apologies if this isn't the proper way to ask about this stuff.

>>27150480
dope image op
>>27151698
xmr stak

>>27151402
I don't run a node, I just run the light version of the gui wallet and pool mine to that using xmr-stak-rx. If anyone knows the differences between xmr-stak and xmrig please share

You can definitely solo mine btw -especially if you're feeling lucky- but my karma is in a bad standing right now because I curse like a sailor so I'd rather have the security of mining a tiny bit a day

>>27151764
Monero is pretty much the only legit privacy project, 0xMonero is a pajeet scam and the others (Dash, zcash) are optional privacy, which kinda defeats the point.

Is Monero a chance to get to $1k by end of 2022?

>>27151764
the only privacy cryprto that's actually used is Monero. All of the other cryptos are scams with no adoption and moonboy culture.

So I just found out the monero I bought several months ago on Bittrex apparently halted trading, and I’ve got a month to put it in a wallet

Problem: I use Coinbase Wallet (I know I’m a fag) And I don’t think Coinbase wallet accepts it

Is there a different wallet I should use? And what will accept monero? I plan to hold

Also, I am sorry, I am a phone posting faggot and do not own a computer currently...

Welcome to the Monero Based Department, 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

>>27151933
>>27152047
Where can I read more legit info about Monero? Not necessarily trying to be spoonfed, but most search queries direct me to shit about coinbase and BTC.
Which exchange would you guys suggest? I have accounts on Binance and Kraken atm. Security is important to me, and the plethora of info is a little tedious to sift through.
Again, thanks for your help.

>>27152241
Cake wallet is the easiest monero for newbies, gui wallet of you're more experienced.

>>27152328
Saved. Thanks based infodumper.

>>27152340
The reddit community is unironically decent, it's pretty active as well. Personally I use Binance because I'm lazy, but bisq or localmonero would be better options for privacy.

>>27152328
Taaa-dah!

>>27152340
The monero subreddit is pretty decent, probably the most based crypto sub right now.

>>27152241
See the post after yours for the deets. Better to hold it on a piece of paper and a security-updated mobile than leaving it on exchanges

>>27150480
basedo

if XMR ID, XMR is going for 1k

if i'm bullish on privacy, what else should i buy besides xmr? also, binance the only place i can exchange into xmr? thanks bros

>>27153453
pretty much the only good privacy coin is monero. zcash and dash aren't terrible but they just don't compete with monero

Yeah this thread will get knocked off the bottom of the last page fast, but still comfy hold.

>>27150480
Shhhh

This coin is one of the few true stores of value in the crypto world. Don't let the normies catch on and turn it into a PnD shitshow.

glad to have 1 xmr, even if i bought in at ~145. i have faith in the drug moneh

>>27150480
well done OP
>>27151105
>>27151140
>>27151608
>>27151654
>>27151933
>>27152047
>>27153026
>>27153949
>>27154398
>>27154151
based anons

>>27153453
No other big ones are big on privacy. The hyped coins are all fairly centralized and institution friendly.

Monero didn't get much traction and attention in the past year, but it's technology is solid and it covers a niche.

>>27151764
This image is a comparison of all "privacy" coins out there, some anon used to share it with a copypasta on every general thread but they never came back and I didn't save the text

>>27150480
XMR the king

>>27152045
I think so, a 10x from here is very likely, maybe even sooner, also taking in mind Monero is ranked 19 on the coinmarketcap right now when it could easily be on the top 5 or 10

>>27150480
For any newfags:

Monero is a solid project that actually works and is being used by many people on a daily basis, unlike most other coins.

However, Monero is not a good investment if you're looking to make money, which you can clearly tell by the chart.

TLDR: if you need to use a privacy coin then Monero is the one. If you need to make money then look elsewhere.

>>27153453
see this>>27154855
also

>>27150480
I wish my monero wasn’t all stolen back in 2018

>>27155761
story time breh

>>27151914
Xmrig is better imo. I use it and mine to moneroocean

>>27155307
for any newfags:

dude posting 27155307 is a fag who owns zero crypto

Lethean to the win!

>>27151402
The great thing about Monero is that it uses RandomX, so mining is CPU only, unlike every other crypto.

We’ll be back to quiet regular /biz/ soon guys, r-right?

>>27155887
I own 170 XMR myself since I believe in the long term prosperity of the coin, but if you think it's going to $500, 1k or any other delusional target like than, then you must be very new to crypto.

Fundamentals can only do so much in this market, OGs know.

>>27156200
You have an unknown amount, anon.

>>27150480
Is it worth it to mine monero?
If so what is the most energy-efficient way since power is $.11 where i live.

>>27151698
Download the latest version of Xmrig here https://github.com/xmrig/xmrig/releases

After you extract the files you'll see a config.json file, edit that and change two lines under Pools labeled "url" and "user". For the "url" put gulf.moneroocean.stream:10001 (the pool I use, feel free to use a different pool) and for "user" put your public key for your monero wallet. Also change "donation level" to 0.

Then simply save and run xmrig.

>>27156200
when are you going to sell anon?

>>27156563
It's definitely worth it if you hold everything you mine. I remember when I was mining BTC in 2014 I was getting 0.01 btc every two days and it was only like $4. But now that btc is worth $330

>>27156200
Bloomberg once hype it would go to 38600$ in the late 2030 during the 2017 crypto craze.

>>27156200
I can easily see Monero going to $50 and then $500. I agree it probably won't moon anytime soon since it's actually being used as a currency.

>>27156748
I would sell at $190 if it hits that again, I missed the opportunity before because I wasn't looking at my Blockfolio for like a week which sucks but I got it at $78 average so still good.

>>27156748
never, he believes in the "long term prosperity" of the coin, lol

but dont thinks its going to or past $500. what a fag lol

>>27152340
watch this: https://youtu.be/8quGD9W7B2I

>>27151486
>siphon [unknown amount] to XMR
>problems sec?

>>27156200
what was moneros price before the 2017 bullrun you retard fudder?

Is it true Monero is one of the highest shorted coins? I remember seeing it in an image recently but too retarded to check myself.

>>27157477
based anon

>>27156855
Any hardware you recommend should I do a Ryzen 9?

There a in depth analysis by a doctor in some computational field breaking down the logísticos. I recommend it it’s on YouTube.

>>27155307
You're right, but you're going to get slaughtered in this thread. No on wants to admit it lol

>>27157360
You shouldn't confuse prosperity with price, friend.

>>27157477
You must be new to crypto. What was NEO's price, XRP's price, EOS' price? Most coins will never reach ATH again.

>>27157653
I expect more from people in this threads compared to others. A lot of people here have the technical knowledge regarding Monero, yet it seems to only be a mask for the moonboys to tell you how the coin is going to $1000 and beyond. Sad.

>>27157195
I remember reading a blogpost that if XMR penetrates just 50% of the 1st world black market economy then it would be valued at roughly 12k per token.

I'm not going to give people any crazy price predictions but I think Monero is the only coin on the market besides BTC that has realistic massive gains if you hold for like 10 years.

>>27152340
this:>>27157368
also this one: https://youtu.be/aC9Uu5BUxII

>>27157525
I saw it too, it was a telegram screenshot right? No idea if that was legit or not

>>27157838
people get emotionally attached. It's not the best investment, but it's def the best privacy coin.

With that said, I'm a firm believer that a zk-starks implementation will take its place years down the road.

>>27158350
>zk-starks
requires trusted party setup afaik
huge transaction sizes (20x of a monero tx)
monero has a huge headstart

>>27157838
get the fuck outta here, larping retard

I mined Darkcoin back in 2014. Definitely saw the value of a privacy coin. But I haven't had XMR in my portfolio. Considering all the shit that's blowing up right now (and I'm loving every second of it), I'm also not stupid to think the Jew won't strike back and definitely has the means to fuck the goyim for daring to attack them. So it almost feels obvious that they are going to use this as an excuse, not to go after the hedge funds, but to absolutely regulate the fuck out of the finances of average people. So......really feeling like taking a chunk of savings and just throwing it into XMR and just letting it sit in a cold wallet like buried treasure as a "just in case". Feels like things have been moving towards some flavor of totalitarian future at warpspeedlol since coronachan. Feels like this direct atack and insult is going to make them move even faster. You guys feeling the same? Or am I just paranoid?

Anyone using monerujo with a onioin node? I have tried to set it up on android using orbot, but no luck

>>27158661
I'm here for the same reason since last march
no, your not paranoid, just cautios

>>27158661
you are definitely right anon. the news about Monero are already spreading, they are already trying to see what they can do about it without being too "alarming", because the moment they announce "Monero is a threat, it must be banned" it signals to people that it works as intended

>>27158617
You're thinking of zk-snarks

zk-starks doesn't have a trusted setup

>>27158350
Yeah, emotion + money = loss. Getting married to an investment is a common amateur mistake.

>>27158643
^ This guy is a perfect example, take notes newfags.

>>27159330
ah, ok, didn't know that

>>27158661
I always liked the concept and implementation behind monero, but the same realization that you have is what made me a holder

>>27159377
monero does not bring huge short term profits, but it's still better than holding cash

monero is a rare working project playing the infinite game, making it one of the few that can increse the pricefloor long term

>>27159429
No worries friend. It's probably a long ways off and still suffers from the other computational issues you mentioned in your op. With that said, I think hardware will be up to snuff by the time it's ready.

>>27159377
you're giving off some jason parser vibes there, friendo. 6 posts to help people save their money, how quaint of you

>>27159708
>better than holding cash
Definitely. I'd hold XMR over cash any day.

>>27159886
Most people come on biz looking to make money and maximize ROI. Monero is obviously not a good choice for that.

As I've said, it's a solid project and it will continue to be used and adopted more, but anyone who's been in crypto since 2015-2017 knows that fundamentals are not everything in this market. We can see that even more clearly past days.

>>27159377
I'm holding my GME until it burns I don't care. There are things more important than gains. I wouldn't expect a kike to understand. I don't care if XMR goes up or down, as long as it presents an opportunity for me to hold something of at least *some* value outside of kike controlled institutions. I am going to buy XMR. I am NOT looking for a moonshot. I'm looking for freedom. My new investment strategy is investing in the future I want to see.

>>27160180
fucking based.

>>27160180
>there are things more important than gains
If your life is in such a position that you're able to make such "investments", then you're good already. Most people are looking to make money, not be part of an anti-government movement. Not everyone can afford to invest for "cause".

>>27160180
>My new investment strategy is investing in the future I want to see.
kek enjoy going broke then

>>27160180
are you me? I was late to GME, still hoping I can siphon some of Melvins $ into my XMR stack.The irony on it would be so sweet.
btw, sounds like you'd enjoy simon sineks "the infinite game"

>>27160407
>>27160444
This is not charity. Monero can do both, contribute to a better future and provide profits.

>>27160407
>Most people are looking to make money
then most people wouldn't be holding FIAT still in 2021.

Also monero is not just "anti-government movement" it's also meant to be Fungible, which is needed for an actual currency.

>>27160170
guess it's off to the rubic threads with ya then? go bother some pajeets instead of bringing the same old stale pasta in every single monero thread

>>27160933
>utility
New.

>>27161078
>>27155307
>Monero is a solid project that actually works and is being used by many people on a daily basis, unlike most other coins.

>>27161352
Unfortunately, the price will never reflect that. It's simply not how the crypto market works. You won't see Grayscale launching an XMR fund.

>>27161597
Ironically they've just registered a Monero fund coporate identitiy thing. It's one of a dozen coins or so.

This does not mean they hold XMR yet, but they at least considered it.

>>27157672
>You must be new to crypto. What was NEO's price, XRP's price, EOS' price? Most coins will never reach ATH again.
the crypto bullrun hasn't started yet you mongoloid.
and way to avoid my question. I am still waiting to hear what Monero's price was in 2015/2016. Go on faggot. We are waiting.

I'm currently writing a DD for monero, not to shill, but to educate the new crypto users thanks to GME.

Besides the obvious privacy benefit, what are other things you would mention?

>>27161812
>the crypto bullrun hasn't started yet
You're going to lose a lot of money.

>>27159801
Monero devs have voiced in the past that they would switch to zk starks but we are still a ways off from that being a reality.

>>27161949
>he still hasn't answered my question
really jogs the noggin

>>27161911
Fungibility: >>27160933
Also these videos for sources: >>27158154
>>27157368
they explain about the tail emission for example, miner reward, inflation, etc

>>27161597
if more and more people start using it to store/hide wealth why wouldn't its price rise naturally? its arguably a better storage of wealth than btc

>>27161911
The biggest thing to mention is dark net adoption.
Normies do not like crypto because it is based on hot air. We have a provable use case we can point to. So if you just show that the largest dark net market is only using Monero, post a chart of the daily transactions, and then allude to Bitcoin's origins with the silk road, you can build some serious speculative hype.

Why doesnt someone make a coin just like monero (default privacy) that has the instantaneous transaction speed like algo?

It would literally be the perfect coin.

>>27164267
What's algo? Algorand? Why not something like Nano that is instant and fee-less?

>>27164267
it's a balancing act because privacy takes up space. We also are much more in favor of proof of work vs proof of stake, and a lot of the "instant" cryptos come with significant tradeoffs, most notably a centralization of nodes.
Monero transactions generally take 2 minutes to get a first confirmation, which at that point is enough for most merchants to accept that a transaction was/is being sent.

Guys I took my whole net worth and bought monero. I have 3 XMR :) I can live normally with what I make through work, it's a humble life but it's ok. Did I do good by buying monero?

>>27161911
fungible: there are no blacklisted tokens

secure: phd mathematicians and a hawk-eyed community make sure that the algos and code behind the project are top notch

decentralized: no other PoW project has fucked chinese ASIC manufacturers are hard as XMR, which is reflected in the price and shorts. everyday schmucks like you and I can mine it with our home pc's

>>27164638
don't sell it all at once when it reaches a new ATH and if you can, mine some extra

I am considering buying and stashing away a 100 stack

Why hasn't XMR gone higher already? It's the only coin I see used as an actual currency out of necessity

>>27163043
>better storage of wealth than btc
I hope you're trolling or just being funny.

>>27165136
Because fundamentals don't matter in this market. People investing in XMR for profit are delusional.

>>27164789
how do I mine?

>>27165136
>Why hasn't XMR gone higher already?
my guess is regulatory concerns.

>>27164458
Yeah that basically. Instant confirmation so it's actually deployable for real world shopping and not just for online purchases.

But I can see the tradeoffs like other anon stated that Monero will just have to be a bit slower to guarantee privacy, and that is fine too.

>>27163039
Thanks. I've noted down the keywords already and I'll wathc the videos to make sure I don't miss anthing.

>>27163165
Dark net adoption is the ultimate proof that it works. However the major concern of most people is regulation because it helps criminal activity, so I don't want to bee too loud in this regard. I'll definitly mention it, though.

>>27164698
>secure: phd mathematicians and a hawk-eyed community make sure that the algos and code behind the project are top notch
Love the wording on this. The developers of XMR are indeed god tier and beyond what many other cryptos can offer.

>fungible
>decentralized
definitly a huge point, I've made some notes already.

---
I was asking deliberatly unbiased to ensure I don't miss anything important. Thanks you all for helping

>>27155307
>However, Monero is not a good investment if you're looking to make money
Only up 28k% vs BTCs 7.5k% since 2016 as you can tell by the chart.
I expect 100k% EOY.

>>27164638
You're doing well. Keep it going anon.

>>27165243
>People investing in XMR for profit are delusional.

This. Winklevoss twins said bitcoin will end up being more valuable than gold because it will be rare and easy to hide/move. But they miss the fact that bitcoin is so easily tracked. XMR will be more valuable than gold.

>>27165337
xmrig or xmr-stak-rx and you can use whatever processor your pc has. it doesn't look kike you're mining a lot now, but in the future it could be decent. scan through the thread, there's info

Is there any point in HODLing monero long term? This coin isnt supposed to be HEDL its supposed to be used day to day, unlike BTC. It might get more expensive, but I wouldnt expect moon on it

>>27166654
There is nothing in the technology that makes it less holdable than BTC or ETH.
It's not likely to moon 10x because the market cap is already high, but 2x is possible and it's lower than all-times-high.

If taxation changes in the future, it'll be easier to transfer XMR from wallets without paying capital gains than BTC.
Don't hold it in a stock exchange.

>>27166654
If you have a reason to hide money or you need to make anonymous purchases, then it's a good hold for that.

If you want a good ROI and to make money, then it's a terrible financial decision.

>>27167189
>Don't hold it in a stock exchange.
why

>>27167277
why are you continuing to avoid my basic question about the price of monero in 2015/2016?

>>27167189
If the supply doesn't increase much from now but demand for it goes up 10x, the price goes up 10x. All XMR needs to do is break out of darknet and laundering as primary use cases, and become a staple of storefronts online and IRL.

>>27167391
It defeats the whole purpose of anonymity and decentralization depending on the exchange database instead of the algo of your wallet.

>>27167631
I still have to buy it tho, whats the difference if I buy it and transfer to hodl on wallet to hodling on exchange and then transfering to another wallet trying to buy smth?

>>27167546
Transaction frequency and volume is not the same thing as demand. With higher velocity, you can get more volume without an increase in price. That is actually good for the crypto world, regardless of bag holders.

That said, some big wins in Porn and VPN storefronts would be a good start.

>>27161597
This statement is incorrect. You should study the principles of the Austrian School of Economics to understand why Monero is definitely the future of crypto. Starting off by basic economics, price is regulated by offer and demand, once there is a lot of demand and scarcity the price will inevitably go up. Monero has been taking over the darknet market and it is adoption is growing. The low inflation won't be able to keep up with the large demand that will come soon. Atomic swaps will help speed this process.

Not to mention that there are lots of cautious people like me hoarding Monero and we won't sell anytime soon because we don't trust the government enough and know fiat is a scam. Also there are tons of dumb regulatory laws, taxation (which is the same as theft), etc, to which a privacy like Monero offers a workaround so you do not get unfairly oppressed.

Once the general public realize that, Monero will surely shoot up. The time to accumulate is now.

You didn't hear us when we told you about Bitcoin, it is okay to ignore us again regarding Monero.

>>27167782
For the seller, none.
For somebody interested in your financials, they could have the means to monitor your exchange account.
I'd suggest buying and moving, you never know how or when your government will change the laws regarding crypto.

how long are these monero threads now?
don't you fucking dare touch my xmr

>>27168240
If I buy and move, hold on wallet for X amount of time does the trace disappear compared to buying and holding on exchange and moving after something got announced regarding crypto?

Guys I’m not going to lie

Since I saw the lead XMR devs were trannies and pony fags I’ve gotten a bit worried. I’m holding 200 XMR and I’m a poor wagefag so it’s basically all my life savings.

Are we gonna be ok?

>>27168665
the only tranny dev I know about is with zcash I thought?

>>27165243
>Because fundamentals don't matter in this market

Then we're not dealing with a rational market, we're dealing with a speculative bubble fueled by FOMO and hype.

And as history has shown us, EVERY bubble inevitably ends up popping and THEN fundamentals = survival.

>>27168665

Friendly reminder that Monero is poised to become the reserve cryptocurrency of the global shadow economy and is currently replacing BTC on the darknet while also making inroads into the cyber-crime and money laundering sectors.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos
https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>Bitcoin is too hot for criminals. They're using Monero instead
https://money.cnn.com/2018/01/03/technology/bitcoin-popularity-criminals-monero/index.html

>Crooks opt for Monero as crypto of choice to launder ill-gotten gains
https://www.theregister.com/2018/03/16/cyber_crime_economics/

>Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only
https://news.bitcoin.com/darknet-giant-white-house-market-drops-bitcoin-supports-monero-payments-only/

>Monero replaces Bitcoin for Sodinokibi Ransomware operators
https://www.cybersecurity-insiders.com/monero-replaces-bitcoin-for-sodinokibi-ransomware-operators/

>$7.5M in Monero Demanded in Alleged Cyber Attack on Argentinian Telecom Giant
https://www.financemagnates.com/cryptocurrency/news/7-5m-in-monero-demanded-in-alleged-cyber-attack-on-argentinian-telecom-giant/

>Latin American crime cartels turn to cryptocurrencies for money laundering
https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

>Criminals laundered $2.8 billion in 2019 using crypto exchanges, finds a new analysis
https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/

>Why untraceable cryptocurrencies are here to stay
https://www.cbs.dk/en/the-press/news/why-untraceable-cryptocurrencies-are-here-to-stay

Considering that the global shadow economy is valued in the trillions of dollars, even if just a portion of that ends up in Monero's marketcap that is still HUNDREDS of billions of dollars. 5 figure XMR is inevitable.

>>27168601
In crypto, there is no fading over time.
With Bitcoin, you can move multiple times over smaller accounts to obfuscate your transaction. That doesn't really work as anybody can build an accurate flow and trace it back to you, and there are softwares that do that.
No matter how long you wait or how many times you move, with BTC somebody can always trace it back to your original purchase, and exchanges have to hold records for a long time.

If you can use an anonymous exchange for Bitcoin, it's better, but you have to trust the exchange.
If you can still buy BTC Peer-to-peer like in the old days, it's better.


With Monero, you get a verified level of anonymity every transaction unless you're moving millions, as it's build-in the protocol.

>>27151402
I used to mine it back in 2016/17 on a beautiful mess of a GPU rig. Had 4x Vega 64 and 2x Vega 56 ziptied to a shitty wire rack shelf from Amazon. Motherboard bolted to a piece of acrylic resting on the shelf. A tangled web of PCIe risers connecting everything together. My first 1000W power supply caught on fire in the middle of the night so I upgraded to dual 1200W monsters with a janky bridge board from ebay. The CPU was the absolute cheapest piece of craigslist shit that would fit in the socket, and I heard Linus from LTT say "huh?" when confronted (in an unrelated video) with the brand name of RAM in my machine.
Ran it headless 24/7 for months that winter, it heated my bedroom so well that I needed to crack a window even on days where the temp was well below 0F. The constant vacuum-cleaner-level noise blanketed my bedroom and shielded me from the outside world.
It was unstable as hell too because I had the Vegas undervolted, so I threw together a remote restart and automatic monitoring solution. Connected a Raspberry Pi zero to the power pins on the motherboard and wrote a script on the Pi for shutdowns, restarts, and pings. Every 5 minutes the Pi would ping the mining rig, the mining pool, and Google. If the rig ping failed, restart. If the pool ping failed, swap pools. If the Google ping failed, email me so I know to restart my router. Worked like a charm and allowed me to travel for my day job while mining back at home without worrying about hardware or pool instability.

>>27168942
If that's the case then investing in XMR above $100 is the worst financial decision possible. If the bubble truly pops then XMR will go back down to $25 levels. It will never reach $100 again from that point. This of course is the most bearish scenario.

>>27169378
Paid for the mining rig pretty quickly, pulled a good profit from Monero, then once the mining rewards started to taper off I moved into the cryptonote shitcoin mining arena. At this point there were dozens of brand new cryptonote exit scam coins popping up. New ones almost daily. My rig wasn't as big as the mining enthusiasts, but these brand new coins usually only had ~0.5-2kh/s on the entire network. I'd solo mine and control 90+% of the incoming supply of a coin for a few days, then if some shit exchange like TradeOgre listed them, I'd create a massive sell wall at the lowest possible price. Made a good profit on TurtleCoin, Dero, and several others I don't even remember. Mostly wasn't in it for profit at this point though. I and a few others were just fucking with the pajeet "developers" who could barely fork Bytecoin. Trashing their moonshot dreams. These were the good days. The wild west cryptonote days. And I miss them bros.

Guys i have a question

Will my transactions still be used as decoys even if I don’t touch them for over a year??

>>27169662
>If the bubble truly pops then XMR will go back down to $25 levels. It will never reach $100 again from that point.

As the only coin with a clear utilitarian future i.e. black markets, tax evasion, money laundering, I highly doubt that.

>>27167189
>t's not likely to moon 10x because the market cap is already high

But it's still low enough to be possible to 10x from here. Check its circulating supply, all it needs to reach $1,000 for example is surprass a coin like Polkadot

>>27170862
I think that faggot just posts generic FUD lines to sage the thread, I can't imagine someone being so invested in saving others from missing moons

>>27150999
btw turns out your trips of jinx saved this thread from getting burried after all. checked!

Hear hear

I mined for 2 years on Vega GPUs while it was still (mostly) profitable. The hardware depreciated by approx 25% per year, and like most I had to pay my own electric.

If I sold my xmr today it would be at a net loss. Like many other fools I've been sitting on the stack hoping in vain that xmr would ever climb again at (at least) where it began when I started mining (yes it's below where it was 2 years ago).

The dream is over. Mining was dying when I first got into it and has been dead for a long while now.

CPU mining xmr is only profitable on a select few of the newest AMD GPUs and even so the profits are something like $0.15 a day for a $500 CPau ($1200+ full computer), mining constantly with no downtime, draining system resources and robbing you of your performance for tiny profits.

And that's just today. If the historical trends continue, expect that measley 15 cents profit a day to go lower and lower until it's unprofitable

So why mine? Very good question. Most probably won't. That's why I worry for the future of xmr and that's why I think fluffypony stepped down. We're in the death throes of most altcoins and xmr may be among them

I opposed it then and I oppose it now: randomx was the worst mistake in the history of xmr

>>27170862
I highly doubt it will reach anything above $200.

>>27171628
Emotional investing never ended well for anyone, friend.

>>27171910
>like most I had to pay my own electric
funny thing about electricity in my case. In 2016 I moved into a duplex with an ordinary family for neighbors. The electric bill was around $70-80 before I started mining. In the fall when I started mining 24/7 the bill went up to maybe $90 each month. I was surprised at how low it was but I didn't bother looking too hard at it. This continued through the spring, rarely had a bill for more than $100. Then in like June I get a call from the electric company. The previous summer they were doing utility work and accidentally swapped meters with my side of the duplex and the neighbors'. So all year long they had been paying my exorbitant bill and bitching to the utility company that their bill isn't right. And I had been paying their very average bill thinking I was home free. They demanded payment of something like $1800 as that's what the difference credited to my neighbors was.

>>27172106
>I highly doubt it will reach anything above $200.

I still remember when they used to say BTC will never reach $100.

>>27172106
If you price it in USD, it can definitely surpass 200USD as fiat inflation is only getting higher.

If you price it in BTC, it's a gamble as usual with crypto, but at least it's not a meme coin.

>>27172560
I also remember when they said XRP will reach $10

>>27172713
>I also remember when they said XRP will reach $10

Only bagholders say that and only retards believe it.

Fundamentals and utility will win out in the end.

>>27150480
Fuck this, I could have bought twice the AAVE with the amount I bought this crap.

>>27155307
The only correct answer.

>>27173315
We'll see what the price is eoy. $200 max, realistic target: $100

Taxes are guaranteed to increase in the coming years and decades. More and more people will come to loathe paying taxes. Monero is the present AND future.

>>27172560
anon you really need to zoom out of your minute candle chart

>>27172106
sorry wanted to answer this guy

>>27173546
There are people "investing in Tether" thinking it will 2x and you think they can handle using Monero? 99% of people don't know how to create a BTC wallet. Monero's GUI is not exactly the most user-friendly thing ever. Good luck with that "adoption" and "people coming".

>>27173546

is syncing supposed to take weeks? should I just use remote node

>>27173533
>We'll see what the price is eoy. $200 max, realistic target: $100

I'm in for the long haul so I'm more interested in the price mid-to-end-of-decade.

>>27174161
if you are using an older computer or a hdd, then it will take a long time.
connecting to a remote node is fine.

>>27173813
>There are people "investing in Tether" thinking it will 2x and you think they can handle using Monero? 99% of people don't know how to create a BTC wallet. Monero's GUI is not exactly the most user-friendly thing ever. Good luck with that "adoption" and "people coming".

Youd be amazed how quickly people learn 2 crypto when getting their fix depends on it.

>>27173813
>There are people "investing in Tether" thinking it will 2x and you think they can handle using Monero?

I never said everyone was gonna make it. But clever people will.

>99% of people don't know how to create a BTC wallet.

All they have to do is watch Crypto Dad's step-by-step tutorials. The problem is people are incredibly lazy, and they are scared of the consequences for tax evasion. But as more and more of their shrinking wages are siphoned off for overseas war and gibs, they'll look for a way out...and Monero will be an option.

https://www.youtube.com/watch?v=zrjTPGUWekg

>>27174420

>>27174207
$15-25

>>27174420
Not enough to drive the price up

>>27174161
Use remote node at least until you get familiar with the project. If you want to mine you probably shouldn't be solo mining anyway, so you don't need to download the blockchain

>>27174686
>>>27174207(You)
>$15-25

My sides.

>>>27174420(You)
>Not enough to drive the price up

Black market influxes are small potatoes compared to potential black money influxes.

>>27173813
>>27174420
Also Cake Wallet for Monero is extremely easy to use. It's a downloadable app for your phone.

>>27150480
awesome thread, thanks OP

>>27174686

Ignore this pajeet.

Bitcoin is stupid. The only reason it's worth anything is because idiots love it. Monero is valuable because it's private currency. It's better than cash because its supply can't be debased irresponsibly. Monero is the best currency.

>>27150480
XMRlet here

Is Monero just a copy of Bitcoin but the transactions are hidden?

>>27176535
no, it's a different base layer. Monero is based on cryptonote so it doesn't have public wallet addresses.

>>27172106
It mooned to 500 a few years ago. A month ago it loudly mooned to 190. Whenever somebody needs to whitewash a large amount of money monero makes huge jumps in price.

Just like it can dump huge strides. Point is you cannot predict what prices it will hit. Going long or short on this coin is moronic.

>xmr thread

>>27176465

>>27178048
Not just cryptocurrency, currency ;]

xmr mining on 1060 6gb worth it at all? better than eth or should I not bother with either

>>27177549
Comfy and based, anon.

>>27177549
based, butterfly anon is back.
hopefully absolut on the rocks anon comes back, I miss that one

>>27161597
>You won't see Grayscale launching an XMR fund.
screencapped

Comfy holding an unknown amount of Monero.

>>27178778
GPUs can't mine xmr nearly as efficiently as CPUs now.

>>27179756
okay, i5 6600k then?

>>27172458
Did you pay?

>>27179862
You can use your CPU to mine xmr and your gpu to mine eth. Don't expect much of anything solo mining though. But you can support the network.

Could a solar powered CPU mining rig in the Sahara work, in theory?

>>27180251
Easier and cheaper to steal electricity from your neighbours at this point.

>>27179907
Yeah, got forced into paying by roommates and landlord who didn't want to fight it. Apparently there have been other cases of this happening with people fighting the utility and it goes both ways. So we just bit the bullet and paid up. It looked pretty funny on their website's bill/usage tracker. Flat line at $90 for almost a year, then a spike to $1800 one month and back down to mid $100s after

Alright, new lighter and square version that is better for thumbnailing

>>27179862
it'll do just fine, but use pool mining instead of solo (just choose a smaller pool)

>XMR is my favorite coin
>afraid it will get regulated out of existence
What is everyone's thoughts on the future of privacy coin regulations?

>>27180612
The moment they regulate XMR is the moment it will moon x100 overnight

>>27180612
The whole point of Monero is that it can't be regulated.
Get paid with XMR, buy with XMR, don't pay taxes.

>>27155936
oh shit. might use my workstation at work to mine lol.

>>27171910
>the profits are something like $0.15 a day for a $500 CPau ($1200+ full computer)
What is this reddit tier fud about? This thread is for comfy posting only. You can get a 3900x system with high quality components that can take mining 24/7 for well under $900. That's including a nice B550 mobo, nice ram, and an overkill power supply. Even with $.12/kwh you will be averaging $.50 a day. And sure, that's terrible ROI for moonbois, but for the average guy with a desktop it's pretty comfy. Even guys with low end PCs can mine Monero profitability. Any Ryzen 1000 or newer or Intel 6000 or newer will be profitable at $.12/kwh. Randomx is great for decentralization. It helps out the little guys and the people who truly care about the network, but filters out the moonbois. Guess who is going to be bagholding GPUs and ASICs when ETH goes PoS? Monero miners are actually protected and respected by the community.

>>27150480
Kinda wanna hop in but 140 for a coin is scary

>>27180705
we both know that's not true
>>27180735
Unless monero becomes the world currency you cant expect people to perform all transactions with monero. It works in underground drug trades because that's what everyone uses.

and final version for today
>>27180808
honestly, i can't wait until ETH goes PoS, i really need a new GPU like stat

>>27152045
I honestly think it will 4x in sats in the next year. Dunno about $ value but it's very cheap rn compared to btc. Just accumulate and wait for the inevitable moon mission. Not sure how high we go but it's a very comfy buy rn and long term hold

>>27152241
The gui wallet is super fucking easy to use, just a bit scary because it synchs slowly.

Sigh, brainlets really Cant understand mining.
>Decent gaming pc
>Cheap gaymin
>Mine eth and xmr while doing desktop work
>Power limit gpu, leave 2 Cores on cpu idle so u can use pc for work
>Exchange eth to xmr
It's not that hard

>>27150480
tfw my personal medicine. don't have to go on the streets anymore and get better shit too. NICE.

>>27153453
I looked into XSH (shield),the tech is solid but it hasn't gotten any attention and i don't even know if it's being developed. Our only hope seems to be XMR. God save Monero.

>>27180990
Dca

>>27181375
Based. Vaping some internet weeds as we speak, cheers anon

>>27181363
>Power limit gpu
why would u do that? and what % would u limit it to

>>27169102
>5 figure XMR
Dude that would make me... very wealthy.

>>27180705
lol probably not 100x but will send the signal to people that "it works as intended"

>>27180612
Anybody concerned with regulation fud needs to show me any type of legal ruling or previous circumstance that allowed a government to actually and effectively ban a p2p application.

>>27181859
>actually and effectively ban a p2p application
This. You can do it but it's literally unenforcable.

>>27181761
I do -10%
Better perf/w and keeping temp and noise down

>>27181375
awesome

>>27181859
china

>>27182034
The good news is regulation fud keeps normies away so we can stack until the herd realizes Monero can't be banned.
>>27182434
Bitcoin is legal in china.

>>27180808
Its just a reddit pasta to de debunk, actually I like Moonero

>>27150480
nice dude, how long have you been using blender, been meaning to devote some time to learn. feels really powerful.

I started using supportxmr, is there a way I can check how much I have mined already or general info? like on 2miners.com

>>27150480
what is the best way to buy and hold this coin bros. i made a killing in dogecoin but and worried about incoming crypto bans.

>>27186296
to avoid kyc, use a non kyc exchange or morphtoken. Go to kycnot.me for more exchanges.
Then swap your doge for monero.
best wallet is the gui.

Currently on my 6600k I’m getting around 375h/s which is 0.0002 xmr a day, lowest I can withdraw is 0.1

This is pointless isn’t it?

>>27185776
just paste your public monero address into the text field on the supportxmr dashboard, it'll show you your stats

>>27186743
Well it’s getting slightly higher I’m on 400h/s now but that’s still poop isn’t it

>>27186743
That's extremely low for that cpu, check to make sure everything's set up right in your config. I pull over 1000 H/s on old mobile cpus like the i7 3520m.

>>27186997
What could be wrong? Also how long do I need to wait till it refreshes the site with proper speed? Shows 729 now that n the website, but in the cmd I have weird values. 10s/60s/15m 1558/1512/1435 max 1783

>>27151486
>>27151608
>>27151654
>>27151933
>>27152047
>>27154151
>>27154398
>>27154648
>>27154925
>>27155254
>>27155307
is this the xmr-general based version?

>>27185776
go to the pools website, it'll have a field where you put tour public key that you're mining to and it'll show you your stats

wen atomic swaps

>>27187228
Oh, if you're just looking on the pool and you just started mining, then obviously the hashrate it shows you will be low.

The pool has no way at all of seeing your hashrate, it can only see the valid shares you submit and has to extrapolate hashrate based on that.

Always check your mining software for your actual hashrate, looking on the xmrig benchmarks site a 6600k should be pulling around 2.2 KH/s

>>27186743
My ryzen 3600 does 5.6 KH with some Cores doing nothing, u doing some weird shit desu

>>27187530
Is that supposed to be on stock? I have 1600 right now at 4.5 all core. I’m running eth on my gpu too, maybe that takes some of the cpu power as well

>>27186858
You need to alocate more cores, it's oretty eady to setup in xmr-stak, give it a shot. esearch your particular cpu on monerobenchmark dot info and see the hashrate you should be getting

>>27166654
Remember the early days of BTC when people were just throwing it around like nothing? Or DOGE for that matter? Tends to happen when things are cheap

>>27187711
4 cores are working but I assigned 3 threads and I’m running eth on gpu as well

>>27187937
yeah i saw later in the thread you reached 1.7khs

>>27186739
ngl the sexy anime girl mascot sold me on this coin. it must be good.

What’s the smallest case/mobo I could find for 6600k. I’m thinking I plug that thing under my desk at work and make it work 24/7

>>27187711
I'd imagine the benchmark is on an OC'd 6600k. Afaik, xmrig requires 2mb of L3 cache per thread and seeing as the 6600k has 6mb total you will probably get the exact same hashrate whether you run xmrig on 3 or 4 threads. At stock speeds you should be getting over 650 H/s on each thread, so around 2 KH/s on all three, assuming no other load apart from xmr mining of course.

>>27188598
sorry replied to wrong poster

>>27158350
Enter the Piratechain

>>27188812
nigga don't go around saying sorry to people, this ain't canada or reddit

>>27188285

>>27190386
>actually thinking a scam pump & dump coin with talentless devs that only know how to copy & paste has any future.

How heavy are those bags son?

>>27152340
Monero.how

If I run eth mine on my gpu and xmr on my cpu, eth hashrate lowers more than I gain from xmr. I don’t think I can do both bros

Bros why is XMR so undervalued even by /biz/raelis? It's the comfiest coin out there.

>>27192339
jews

There is /biz/ on 8kun, i'm only posting this in monero threads and /pmg/, don't tell the newfags, spread the word

>>27153949
>XPb
Based. Can't wait for monday. I'm into it more heavily than you in terms of portfolio but that's so I can buy a bigger [unknown amount] later. I've got a good feeling we will be rewarded when the game releases at 12 UTC. Good luck friend.

My mining hashrate has halved from 1500 H/s into 750 H/s I don't know why this happened I'm mining on linux and enabling huge pages (not 1GB pages) any ideas?

For those of you who don't already know about the depth of the scam that is usury, debt-interest, fractional reserve banking, and the (((Money Power))) in general, I recommend you look up Anthony Migchels.
Here's a good interview with him: https://redice.tv/red-ice-radio/usury-the-problem-with-the-economic-system-and-alternative-currencies

Let's say monero get's banned from every exchange, and ((banks)) refuse to wire money to anyone who allows private currencies to be traded on their platform, what do?

>>27192339
Damn, just really letting those things swang around, sheesh!

I want to mining on work pc. How “safe” if it? I’m more worried about network traffic / potential antivirus notifications.

>>27196666
AV will probably pick it up, unless your IT department a shit
t. IT

>>27195131
this:>>27152328
>>Non KYC:
>Local Monero
>Morphtoken
>Bisq
>Kucoin
>Tradeogre
>Crypto ATMs
>see: kycnot.me

Also pic related

>>27197424
Is it stupid to push KYC marked funds through XMR? The way governments are starting to push CBDCs seems like they are going to backsniff any privacy coin transactions at some point.

>>27150480
Dead coin, slowly bleeding.

>>27198747
You mean slowly climbing.

>>27157647
Ryzen chips are perfect for RandomX mining.

>>27159279
Only $1.25 million to crack a piece of software made by geniuses worth billions

>>27159279
>"Monero is a threat, it must be banned" it signals to people that it works as intended
Lagarde already said something similar about BTC

>>27171910
If there are fewer miners, then the remaining miners will get more profit. Can you into math?

>>27199999
>>27199999
>>27199999
>>27199999

>>27160180
>>27160925
>unironically thinking that they aren't a pawn in a game controlled by hands they trust

>>27198486
the thing is i alrady spent the money on drugs and did ALL of them, if i am asked

>>27150480
nice, this and LTC are the real heroes in the crypto world.
Am I the only cunt who uses hardware wallets? I feel like I'm taking crazypills here

>>27198486
but can they prove i actually own the wallet that was used for purchasing illegal anime?

stop posting in this thread

>>27202802
why

>>27203023
limit exposure for now unlike shitcoins it doesn't need promotion

>>27203023
because i said so

>>27203474
>>27205116
everyone knows what monero is and what it's used for

>>27151557
Based Billybool

xmr is the patrician’s choice