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/biz/ - Business & Finance


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28897130 No.28897130 [Reply] [Original]

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

SOUND MONEY, SAFE MODE
[YouTube] Monero: Sound Money, Safe Mode (embed)

WHERE TO GET MONERO?

>KYC:
Binance
Kraken
Bitfinex

>Non KYC:
Local Monero
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
https://archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Gui/Cli (recommended)

>Mobile
IOS: Cakewallet
Android: Monerujo

>Cold Storage
https://archive.is/DEfsP

Remember, if you're going to mine, never pay (dev) fees.

>> No.28897597
File: 1.85 MB, 3508x2480, moneroChan.png [View same] [iqdb] [saucenao] [google]
28897597

monerochan is best girl

>> No.28897669

>>28897130
I DON'T OWN ENOUGH

Please go back down to $150.

>> No.28897948
File: 347 KB, 447x638, xmr mission.png [View same] [iqdb] [saucenao] [google]
28897948

>>28897130
Reminder

>> No.28898351

>>28897130
Thanks for making these threads OP!
>>28897597
H-h-hi Monero Chan. I just st-st-started solo mining. I uh guess I’ll be going now haha.

>> No.28898741

Anyone have experience with mining XMR on a GPU vs. on just a CPU? Thinking of buying a 3090 but I'm curious if it's worth it

No, I don't want to mine ETH. I'm not interested in shitcoins, even if they are overvalued rn.

>> No.28898963

>>28898741
Just to be more specific, I wonder if I'd get an order of magnitude higher hash rates with a GPU ...

>> No.28899079

Considering buying a 3700x to mine with, I am lucky to have cheap electricity (0.07 CAD). Very excited. Worth it to get a 3900x though?

>> No.28899403

>>28898741
Don't mine on a GPU. An entry level CPU will beat your GPU at mining.
And don't buy hardware just for mining, instead invest and build a nice mid range gaming PC that you upgrade on regular basis and mine on in off hours.

>> No.28900032
File: 190 KB, 485x319, 1611170262937.png [View same] [iqdb] [saucenao] [google]
28900032

Xmr $1000 eow

>> No.28900105

>>28898741
xmr is profitable only on cpu
most efficient cpu are ryzen 5-7-9
for xmr the roi is >1 year
for eth is way lower if you somehow manage to get a new gpu at decent price

>> No.28900261

>>28900032
pls no I still have to buy unknown amounts

>> No.28900508
File: 23 KB, 640x428, 1613442992850.jpg [View same] [iqdb] [saucenao] [google]
28900508

>>28900261
Ur lucky, fren. I missed the get

>> No.28900543

>>28900032
that would be so awesome lol

>> No.28900623
File: 818 KB, 640x868, Monero.png [View same] [iqdb] [saucenao] [google]
28900623

>>28898963
>Just to be more specific, I wonder if I'd get an order of magnitude higher hash rates with a GPU ...
You will get 10-20 times lower hash rates on GPU vs a CPU.

Yeah, you read correctly. GPUs suck and are at a very big disadvantage mining XMR.
RTX 3090 GPU might get 2000 H/s while AMD 3990X gets almost 50.000 H/s and even uses less energy.

>> No.28900762

>>28900623
Wow, thanks for the info!

I'm thinking about buying Raspberry Pi's to turn them into small miners. I'll keep you guys updated on how that goes.

>> No.28901054

>>28900762
Not worth it

>> No.28901094

>>28900508
You still have time. Assuming you work, you can easily buy half a coin a month.

>> No.28901286

>>28897130
>>28897597
how much xmr to have sex with monero-chan?

>> No.28901370 [DELETED] 
File: 3.17 MB, 3035x4299, bit2.jpg [View same] [iqdb] [saucenao] [google]
28901370

new commision

>> No.28901396

>>28900762
Lol please do, I'd like a good giggle.

Tell us how many seconds per hash you get.

>> No.28901412

>>28901370
Holy based

>> No.28901547

>>28901370
btc-chan has a nice butthole..but i wonder which girl has the stinkier one

>> No.28901683

>>28901370
Wtf based

>> No.28901818

>>28901370
Absolutely based

>> No.28901902

>>28901370
kek is porn the best way to spread the benefits of monerochan??

>> No.28901979

>>28901370
lmao take this (You)

>> No.28902150

>>28901370
based, I am now a monero miner

>> No.28902154

>>28901094
The quints are gone until another ~11111 posts, fren
>>28901370
Based

>> No.28902529

>>28900508
nice meme kek

>> No.28902730

>>28900032
wish I had some

>> No.28903927
File: 46 KB, 128x128, Monero.gif [View same] [iqdb] [saucenao] [google]
28903927

>>28902730
It's never too late fren, buy in!

>> No.28904762

>>28900032
Fk off lol

>> No.28904793

>>28897130
I started mining when I go to bed last night and found a block solo mining. How likely would I profit daily if I joined a pool?
5800x + 3080 pc btw.

>> No.28905179
File: 10 KB, 491x326, portfolio.png [View same] [iqdb] [saucenao] [google]
28905179

>>28897130
comfy

>> No.28905337
File: 164 KB, 189x163, 1398200032841.gif [View same] [iqdb] [saucenao] [google]
28905337

One x3-5 from being able to convert my shitcoin stack into triple digit xmr at current prices

>> No.28905339

>>28897130
Is it worth it to mine monero? Especially if it's gonna be with my normal pc

>> No.28905837

>28901370
You beauty.

>> No.28905878

>>28905339
I mined 2017 with vega rigs sold at 400, dident bought march dip (, im gpu mining with nicehash, cpu monero not realy worth it so im just keep buying xmr now

>> No.28906020

>>28903927
;)

>> No.28906116

Monero is a honeypot buy 0xmr

>> No.28906393
File: 59 KB, 578x174, Screen Shot 2021-02-16 at 4.04.00 PM.png [View same] [iqdb] [saucenao] [google]
28906393

does anyone else do this before they leave work for the day?

>> No.28906521

>>28897669
XMR virgin here jumping ship from shitcoins... what's the current #makeit stack size for xmr?

>> No.28906582

0xMonero dude has to be a troll and not a legitimate shill right?

>> No.28907022

I popped my crypto cherry with Monero. A quick question: Can I store any other coins in my Monero wallet? Or is it just for XMR? Using GUI.

>> No.28907069
File: 38 KB, 657x527, 1613108690164.jpg [View same] [iqdb] [saucenao] [google]
28907069

>>28906582
I'm an XMR stacker, I confess.
I do it for the keks

>> No.28907115

>>28907022
Just XMR

>> No.28907117

>>28906521
An [unknown amount] sir.

>> No.28907415 [DELETED] 

>>28906116
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504
another recent beatdown >>/biz/thread/S28670476

>> No.28907622

anons, was looking into xmr earlier today and noticed erik vorhees tweeted about Haven today... wtf is he shilling shitcoins for?
https://twitter.com/ErikVoorhees/status/1361782489186902017

>> No.28907725

>graduate college
>le trying to find job during covid recession face
>find part time job in late 2020
>live at home so have income and no expenses besides gas for car
>put 80% of my income into crypto
>still will never reach 1000 xmr no matter what
why why why why why why why why why

>> No.28907915

>>28899079
Check the hashes per watt and do the math to see if it's cost-effective for you. Also factor in how bullish your XMR timeline is.

>> No.28908520

>>28906393
Solo or party? I did last night for solo and just joined a pool; I'll set it to solo before bed again.

>> No.28908588

>>28906521
Supply before tail emission is 18m so 18.

>> No.28908955

>>28908588
Why? Where did you get this idea from.

I get 18m supply when tail emmission kicks in but how do you make the logical leap that that is what you need to make it.

>> No.28909018

>>28908955
1/million total supply. Are you a new fag this is basic knowledge in all crypto

>> No.28909254

>>28909018
Explain the logic of 1 millionth of the total supply being needed to make it.

Also tail emmission isn't total supply it'll still inflate 0.6% the first year and drop inflation from then on. It'll have 34 million XMR by 2122 (100 years after tail emmission). So why do you pick tail emmission as a significant date for when 18 XMR is enough to make it?

>> No.28909291
File: 415 KB, 769x1285, 0xmonero-chan.png [View same] [iqdb] [saucenao] [google]
28909291

>>28907069
Me too. I even made an 0xMonero-chan

>> No.28909344

>>28909254
You should be able to double your capital in 100 years.

>> No.28909439

>>28909344
That's not the point I'm making. I'm wondering where 1 millionth of the supply comes from. What is the actual logic behind it.

>> No.28909460

>>28897130
Monero-chan is cute!

>> No.28909491

>>28909439
It's tradition - to make it in BTC you join the 1-in-a-million club.

>> No.28909613

>>28905837

what was it? I must know!

>> No.28909639
File: 251 KB, 452x417, 1613327401565.png [View same] [iqdb] [saucenao] [google]
28909639

>>28909291
cryptos are now banned in india pajeet stop posting

>> No.28910949

MONERO 2000$

>> No.28911046

>>28910949
MONERO 3000$

>> No.28911063
File: 896 KB, 2014x4096, 1589938573851.jpg [View same] [iqdb] [saucenao] [google]
28911063

Can I convert BTC/LTC into XMR with exodus or should I just use cakewallet?

>> No.28911648

>>28909613
Hentai. Just use the archive?

>> No.28912040
File: 2.09 MB, 1188x1078, slop.png [View same] [iqdb] [saucenao] [google]
28912040

>> No.28912212

just popped my cherry, bought xmr and designed my first xmr meme for you, anon... let me know if you'd like to donate ??? to my wallet. please share

>> No.28912306
File: 98 KB, 600x745, 1613526252477.jpg [View same] [iqdb] [saucenao] [google]
28912306

My lil monero stock doin somthn

>> No.28912391

>>28912306
Holla at ma boy george

>> No.28912474

>>28906521
Glad you asked.
>20 sui
>200 makeit
Anyone disagree?

>> No.28912492
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28912492

I can’t stop fucking smiling, I’m all in and it just doesn’t stop

>> No.28912505
File: 2.00 MB, 1800x2393, Future.jpg [View same] [iqdb] [saucenao] [google]
28912505

the price... it's... going up!

>> No.28912519

>>28911648

How would I do that? Just spent a few minutes Googling "4chan archive" and found nothing that's archiving shit from so recently.

>> No.28912544
File: 258 KB, 480x480, D9_XMR.png [View same] [iqdb] [saucenao] [google]
28912544

>>28897130
You do own [---] Monero right anon?

>> No.28912647

>>28912519
How do you plan on getting rich if you can't even find one of the two /biz/ archives?

>> No.28912823

>>28912474
I would agree on the SUI, but anything over 100 is make it territory no?

As a side note my fellow XMR Chads, what will you do with your spoils after the moon mission to make passive income or set yourself up for financial freedom? I'm think convert an amount into a stablecoin or other high APY and buy a few miners on a collateral loan which will reinvest into the compounding APY, pay off the loan and rinse repeat, also gamble a small amount on future cryptos. What are you suggestions lads?

>> No.28912976

>>28912647

I generally avoid this cesspool of a board except to dip my head in to see what the intellectuals in the XMR threads are saying

>> No.28913029

>>28912823
>note my fellow XMR Chads, what will you do with your spoils after the moon mission to make passive income or set yourself up for financial freedom? I'm think convert an amount into a stablecoin or other high APY and buy a few miners on a collateral loan which will reinvest into the compounding APY, pay off the loan and rinse repeat, also gamble a small amount on future cryptos. What are you suggest
Such a good question. Looking forward to hearing responses.

>> No.28913194

>>28912823
Going to put 20% in stocks, 50% into property, 10% into gold/silver and keep the remaining mostly liquid so I can repurchase more crypto in the bear market and/or buy other things, such as a computer or a down payment on a new car.

>> No.28913229

Personally, I'd love to be able to quit my job, learn to code and contribute to the XMR ecosystem

>> No.28913262

>>28912976
Install 4chan x. Also, grow the hell up.

>> No.28913296

>>28913194
Excellent idea, I especially like the point about rebuying in the bear market, ever consider PAXG for the gold, its a crypto backed 1:1 with 1 ounce gold

>> No.28913448

>>28913229
you don't need to code to contribute desu

>> No.28913519

>>28911063
Just use cakewallet

>> No.28913536

>>28913448
tell me more

>> No.28913612

>>28913296
What's the best way to 'cash out' when the pump gets too crazy to be able to load up on xmr in the bear times

>> No.28913628

>>28913229
I've literally done all that.

>> No.28913637

>>28913536
well you could run a monero node that's the easy one.
But also check this out https://www.getmonero.org/community/workgroups/

>> No.28913733

>>28913628
I have C++ and Qt experience, should I contribute to Monero-GUI or are the maintainers cunts?

>> No.28913748

I've only been able to afford 15 XMR so far. When are those atomic swaps coming out again?

Also can this be mined on a 1080TI, RX Vega 64? Gaming laptop with a 1060 in it? Ordinary laptop from 2014 ish?

Because ai have all 4 just sitting around. Collecting dust. Can I make them all mine in tandem?

>> No.28913846

>>28913536
Draw nice Monero Chan pics

>> No.28913960
File: 85 KB, 850x850, monero3.jpg [View same] [iqdb] [saucenao] [google]
28913960

>>28913262

Thanks for the tip. 4chan x is sweet. Why the hostility fren?

>> No.28914049

>>28913748
Monero mining is done on the CPU. If you read a little bit about how it worked. Especially RandomX providing different algorithms randomly some floating point some integer to throw off ASIC and GPU minng.

>>28913733
If your C++ is really up to snuff you could look into ways to reduce byte/tx size. More realistically you can help out with a more noob friendly mining solution for people with 0 experience. Like a GUI miner.

>> No.28914115

>>28913637
thank you anon. i'm looking into running a node and merge?mining xmr and tari

>> No.28914118

>>28913296
Hell no anon. The whole point about buying pms is to actually hold the gold/silver.

>> No.28914141
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28914141

>>28913536
I contribute by shitposting in these threads and occasionally answering newfriends' questions :^)

>> No.28914212
File: 33 KB, 512x288, xmr.jpg [View same] [iqdb] [saucenao] [google]
28914212

>>28914141
based monerochad

>> No.28914391

>>28912823
>>28913029
I'd probably keep waging, so I don't think I'll be looking for passive income. If defi really is big in the future, I would like to earn some interest on my xmr. But fuck stablecoins tied to fiat. I don't think I'll ever hold more fiat than necessary to pay my monthly bills ever again. If I really end up making it I will move to the middle of fucking nowhere, set up solar panels, and mine. I don't think I would mess with collateral loans because I tend to prefer comfiness over maximum return.

>> No.28914940

Bump

>> No.28915629

How long will it take to make it with 10 xmr

>> No.28915696

>>28915629
how does 10 months sound

>> No.28915919

>>28912823

When Monero moons it won't be because of some p&d, it'll be because its utility and value is finally getting properly recognized. I'll take some profits and diversify a bit into property or stocks, but I'll keep most of it in Monero.

I plan to keep a good % of my net worth in Monero forever. I sure as fuck wouldn't convert it to USD.

>> No.28915957

>>28914049
Spoonfeed resource pls

>> No.28915991

What time is it in your home anons? 3:42 am here and I can’t sleep thinking about Monerchan.

>> No.28916092

Practically speaking, won't atomic swaps require a marketplace to facilitate buy/sell price negotiations? If so, can't governments go after these marketplaces the same way some countries are going after the exchanges today?

>> No.28916326

>>28916092

Yes, but it could be decentralized. Just a program you install like Bisq or BitTorrent

>> No.28916329
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28916329

monerochads, it's going up...

>> No.28916365

>>28916092
you could literally do it on 4chan

>> No.28916452

I joined the support XMR mining pool but my address isn't recognized when I use the site search to see if I am accumulating any payments. Am I doing something wrong? I used their command line prompt generator.

>> No.28916878

>>28897130
Daily reminder to my fellow Monerochads: Don't leave it in the exchange. Transfer to the wallet and enjoy the comfiest hold. We will see scarcity soon.

>> No.28917125

>>28916329
Noooo go back down I'm buying more tomorrow

>> No.28917230
File: 25 KB, 304x272, OwenWilson.png [View same] [iqdb] [saucenao] [google]
28917230

Wownero or GTFO faggots

>> No.28917315

>>28917230
>Wownero is a Doge-inspired, CPU-mineable, privacy-centric memecoin.
From wownero.org
No thanks.