[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 66 KB, 1082x695, photo_2021-02-13_03-38-32.jpg [View same] [iqdb] [saucenao] [google]
28568846 No.28568846 [Reply] [Original]

elcome 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

>> No.28568983

>>28568846
Loving my monero stack, can mine it at home as well.

>> No.28569217
File: 597 KB, 1920x2560, Zuckerberg-scaled.jpg [View same] [iqdb] [saucenao] [google]
28569217

Exploring the citadel tonight, feeling comfy

>> No.28569547

I'm sad I missed the Monero trivia

>> No.28569571
File: 803 KB, 1100x700, 1422071772073.png [View same] [iqdb] [saucenao] [google]
28569571

time for the best thread of the night

>> No.28569593
File: 52 KB, 499x500, monero1.png [View same] [iqdb] [saucenao] [google]
28569593

>>28568846
markets go up markets go down. But 1 XMR = 1 XMR will always hold true

>> No.28569731

Mining question: Does the XMRig CUDA plugin make any difference? I have a 2070 Super and a Ryzen 3800x

>> No.28569775

>>28569731
mining is only profitable on select CPUs, don't even try GPUs

>> No.28570003

>>28569731
CUDA or opencl support does help, but the CPU will solve more hashes than your GPU. Whether or not you should try it depends on how much you pay for electricity.

>> No.28570495

>>28568846
BASED xmr id.
you are blessed OP

>> No.28570675

>>28570495
Oh shid, I didn't realize it. It's even orange.

>> No.28570994

>>28570003
So you can solve hashes on CPU *or* GPU, not both at the same time?

>> No.28571179

>>28568846
What are the chances of government crackdown on XMR causing it to lose value?

>> No.28571237

Rolling for XMR colors.

>> No.28571251

>>28570994
You can both at the same time. The randomx algorithm makes it so that CPUs are more efficient than GPUs to solve them. That's why >>28569775 says not to use your GPU, and why I say it depends on how much you pay for electricity. Using both will help, but using a GPU is much less efficient per unit kilowatt hour spent.

>> No.28571254

>>28570994
You can do both but the electricity cost isn't worth it for the GPU. Mine something else and trade it for XMR.

>> No.28571600
File: 79 KB, 977x506, nmine.jpg [View same] [iqdb] [saucenao] [google]
28571600

Does anyone know why gpu mining gives me this error?
Xmrig
AMD rx 5500xt

>> No.28571745

>>28570495
holy fuc

>> No.28571854
File: 218 KB, 500x281, ays.gif [View same] [iqdb] [saucenao] [google]
28571854

>>28571600
>UPGRADE YOUR MINER
KeK, Upgrade your miner. You're using 2.14.6. Current version is 6.8.2.

>> No.28571863

>>28570495
>>28568846
buy signal

>> No.28571959
File: 870 KB, 1344x960, 1.png [View same] [iqdb] [saucenao] [google]
28571959

How do you guys like the citadel?

>> No.28572029
File: 772 KB, 1344x960, 4.png [View same] [iqdb] [saucenao] [google]
28572029

It's a bit bitcoin heavy but we share many of the same values. We'll get our fair share too, our district is under construction.

>> No.28572049
File: 54 KB, 600x667, spagooter.jpg [View same] [iqdb] [saucenao] [google]
28572049

>>28569217
>>28571959
I don't know what the citadel is and I'm too stupid to ask.

>> No.28572088
File: 8 KB, 276x183, 1611206160223.jpg [View same] [iqdb] [saucenao] [google]
28572088

>>28571854
where do i find the new gpu miner? ;_;

>> No.28572185
File: 847 KB, 1344x960, 5.png [View same] [iqdb] [saucenao] [google]
28572185

>>28572049
It's just a silly little vr world to explore

>> No.28572412
File: 152 KB, 1280x809, monerojesus.jpg [View same] [iqdb] [saucenao] [google]
28572412

>>28568846

>> No.28572459
File: 298 KB, 1000x1288, 1611375815644.png [View same] [iqdb] [saucenao] [google]
28572459

>>28571854
I figured it out, what a fucking retard, thanks anon :)

>> No.28572517

>>28571959
>>28572029
that's cool anon

>> No.28572522
File: 40 KB, 860x805, med.jpg [View same] [iqdb] [saucenao] [google]
28572522

>>28572088
It looks like you're using windows. You can use https://xmrig.com/download to download the miner. Just make sure you have cuda enabled. If you're a dummy (and it's okay to be one) and don't know how to enable cuda, use this wizard and make sure you select CUDA under the backends portion. Use the final output for running your xmrig.
https://xmrig.com/wizard#backends

>> No.28573465

Looks like 200 is holding quite well, we've got an exciting month ahead of us.

>> No.28573511
File: 333 KB, 640x625, 1610450883341.png [View same] [iqdb] [saucenao] [google]
28573511

>> No.28574056

>>28572185
If I had VR I'd check this out too bad I'm fuckin poor

>> No.28574102

https://www.coindesk.com/crypto-payments-provider-bitpay-adds-apple-pay-support
This is the opposite of what crypto stands for, selling out to big tech. Apple data mining is quite severe too

>> No.28574451
File: 86 KB, 624x850, birbbb1.jpg [View same] [iqdb] [saucenao] [google]
28574451

>>28568846
XMR ID PRAISE KEK

>> No.28574708

>>28571254
Mmm, wise

>>28572185
>Brrrr Central Bank
kek

>> No.28574921

>>28569775
How much is profitable speaking per day

>> No.28575024

>>28574921
Check cpu benchmarks here:
https://randomx.jir.dk/
Check profitability here (randomx):
https://whattomine.com/

>> No.28575459

>>28568846
>orange XMR ID
Just here for the potential shitstorm. As a side note, setting up XMRig was very easy, can't wait for my 0.05 XMR per year.

>> No.28575967

>>28575459
The ultimate confirmation for the golden bullrun. Altseason is here, and monero will be making waves this year.

>> No.28576556

>>28575967
and right after you post this xmr jumps
praise kek

>> No.28577513

>>28575459
>.05 per year
I am in the same boat. It's super easy to set up but I need a better pc or a dedicated rig.