/biz/ - Business & Finance

I LOVE MONERO!

>>27523599
Cake wallet just announced integrated support for btc storage. Super bullish and normie friendly.

Did anyone buy the dip? I had nothing liquid.

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

Is there any reason to buy Monero in a centralized exchange? Doesnt that defeat the purpose of anonymity?

>>27523599
comfiest thread on /biz/

>>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

>>27523599
The most based crypto known to man.

>>27523869
Gearing up for XMRBTC atomic swaps I'd assume.

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

>>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!

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?

>>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.

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.

>>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.

>>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.

>>27527563
xmrig.com/benchmark for checking hashrates btw

>>27529462
>>27529666
thanks anon and Satan, that was a huge help.
its just that first hurdle that's hardest to jump

>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

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

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.

>>27523599
>XRM
DAMNIT OP, YOU HAD ONE JOB
But it's okay I forgive you.

Okay but monero is like richfag coin. Can't afford such big boy coins.

>>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!

piece of shit
why the fuck is it STILL crabbing?

>>27532753
thats the secret
its always crabbing (up)

>>27523599
any idea about when atomic swap is possible? 2022?

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

>>27532812
probably this year.
there is more than one atomic swap project now.

>>27531772
Fake it till you make it fren

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

>>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

>here's your fees bro

>>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

>>27533498
the fuck kind of atm charges 18%?
The one next to my house charges 1.5%

>>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.

Someone post Monero-Chan lewds pls

>>27533897

>>27524229
>makes me proud to be a monero bull
at least I know I'm free

Indeed, anon

https://youtu.be/VNfhIY5-63I

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

>>27533897

>>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

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.

>>27523599
How do monerofags feel about Verge? going through Tor sounds like a good privacy proposition

>>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.

>>27535907
based
>>27535145
at least you never gave up your XMR stack

>>27534103
>>27534489
Gracias amigos

I'm almost at 3 digits worth of XMR, bros. Will I make it?

>>27536412
For sure. 100 is making it in 5-7 years.

>>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.

>>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.

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

>>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

he says "I need XMR no Euros" in this song maybe you guys will appreciate it. also $150 woooo.
https://soundcloud.com/queed-inc/shadow

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

>>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?

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

>>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.

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

Is it worth mining this shit?

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

>>27538366
??? this is the monero thread my nigga

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

>>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.

>>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.

NOOO WHY IS IT PUMPING
PUMP WHEN I HOLD 100+ WTFF

>>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.

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

Crypto OGs know that the endgame is XMR

poompaaaaaaaaaaaaaaaaaaaa
bought the dip and then bought the dip line goes up you cant explain that

>>27533171
swingies get the rope

>>27524622
You buy with Bitcoin on p2p?

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?

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

>>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.

Where is best to learn the math behind XMR and zk proofs?

>they're still holding XMR and haven't upgraded to XRM

>>27542926
zero to monero is exactly what you are looking for

>>27542926
have you read the cryptonote whitepaper?

>>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

>>27543057
seconded!

>>27543057
>>27543215
I'll take a look, thanks.

>>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.

thoughts on these?

https://modernconsensus.com/regulation/irs-bets-1m-monero-transactions-are-traceable/

https://cryptopotato.com/crypto-intelligence-firm-claims-monero-xmr-tracking-capabilities/

>>27543446
https://bytecoin.org/old/whitepaper.pdf

>>27543647
we're still waiting for any of these 'tracking capabilities' to actually be demonstrated

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

>>27538484
Bumperino

>>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

>>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.

>>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

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

>>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.

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

>tfw invested in monero
>tfw spunked it all on ket, weed, acid, dmt, 2cb

why am i like this

>>27547067
Did you happen to see the Future while tripping?
Just buy more than you spend, and invest in growing weed and shrooms

>>27523599
I always bump Montero threads.

>>27546157
Monero dropped at the beginning of the year not from an inflation bug but because of the Bittrex delisting. Paradoxically, the news of Grayscale creating a Monero Trust didn't pump Monero's price at all. Why would Monero dump so harshly over an exchange with 0.07% of Monero's daily trading volume, and not pump equally as hard over news of fucking Grayscale creating a Monero Trust?

>>27545074
>Let this be an universal lesson for everyone that thinks about trading

They had to pull some blatant rigging to kill the momentum of the short squeeze. From halts every other hour, to restricted buying on pretty much every trading platform, to etoro forced stop losses, they threw the kitchen sink to kill the squeeze.

Plebbitors put up a good fight but you can never win against the house. At least millions of them will get redpilled hard now as SEC looks the other way.

>>27548799
look at the 5 minute chart. Each time momentum builds, whales put up walls... whales trying to keep this around .004 so they can keep accumulating at all time lows in terms of BTC/XMR pairs

>>27538691
There is a block every 2 minutes moron