/biz/ - Business & Finance

>>29762632
>XMR Redpill: [YouTube] Monero: Sound Money, Safe Mode (embed) [Embed] [Embed]
I have the slow brain, should be
https://www.youtube.com/watch?v=aC9Uu5BUxII&feature=youtu.be

>>29762632
Bought some XMR today, as I do every Friday.

>>29762730
based

>>29763613
Don't care. Still accumulating.

Are you a monero chad?
Requirements:
1. Holds an unknown amount
2. Runs a node
3. Runs a miner (solo or in a pool)
4. Uses the CLI
5. Posts in the /xmr/ general every day

>>29762730
It's this easy

>>29763726
Shh, no, stop, Israel’s gonna van it or something, stop pumping my bags

>>29763807
hey, that's me

>>29762632
I buy XMR everyday, it's a steal at this price.

>>29763807
>Holds an unknown amount
yes
>Runs a node
in the process of setting up a 24/7 node
>Runs a miner (solo or in a pool)
would love to, but electricity is too expensive. I'd rather stack instead
>Uses the CLI
learing this, not 100% yet for large transactions
>Posts in the /xmr/ general every day
check

>>29764027
Surely that high of a frequency results in high fees? Where do you buy from?

>>29763807
are 1 and 5 enough?

>>29763859
Chad
>>29764048
Chad. Nice job doing your research and finding out what works for you.
>>29764458
Unfortunately, no.
You are a fledging monero supporter. This is not a bad thing and you can always improve :).
Compared to somebody that doesn’t hold Monero, you are a certified chad though.

>>29762632
>https://pastebin.com/CKwGCUwc
oh yeah, included the mining guide I did up today, feedback welcome

>>29763807
What up my chads!

>>29762632
>XMR Redpill: [YouTube] Monero: Sound Money, Safe Mode (embed) [Embed] [Embed]
Nice link faggot.

>>29765408
I’ll check this out later anon. Nice work!
>>29765637
Sup anon. How are you doing?

>>29765877
Thanks, it took all two braincells I got to post lmao

>>29763807
I'm paranoid about running a node or mining because I'm retarded and don't really know anything about networking so idk what kind of information would be leaking to other nodes. The rest of the list checks out for me though.

>>29766147
Shouldn't be a real risk unless you're running it publicly
IIRC they built it in a way that you can't directly tell which node broadcasting transactions is where

If I was any comfier it'd be illegal.

>>29766147
Running a node is like seeding a torrent. It’s actually safer (from the perspective of information leaks) because you are broadcasting your transaction yourself instead of relying an a remote node. By running a node, you support the network as well because you relay transactions to other nodes who are connected.
Mining is only about dedicating hash power. Joining a pool is pretty simple. Feel free to ask more specific questions if you change your mind!

comfiest of holds

>>29766754
Made even comfier when working from home (doing absolutely nothing)

>>29766752
>>29766517
Can malicious actors sniff packets and find out you're using a Monero node? Can they find out if you are mining with a pool? Do you just run it through a VPN?

>>29766993
That third girl from the left is perfect.

Why is there no cap on this shitcoin? I like everything else about it except the endless cap. Endless cap means endless inflation. Can this be fixed in the future?

>>29767143
A completely fixed inflation rate is not "endless" in any meaningful sense.

>>29767109
>Can malicious actors sniff packets and find out you're using a Monero node? Can they find out if you are mining with a pool? Do you just run it through a VPN?
Like with torrents, if you are connecting to the monero network somebody can see your IP address. But that’s about it. You can use a vpn to get around this, or you can use tor/i2p.
Regarding the pool, I believe the person operating the pool would see your IP address if you aren’t shielding that (like with a vpn) but that’s it.

>>29767143
Nope which is why you shouldn't buy XMR. I heard ADA is really hit right now
Better for you to leave the thread and speculate on that instead.

>>29767143
XMR inflation is lower than BTC inflation.

I've seen moneroocean recommended a few times here, make sure you use the correct site!:
https://www.reddit.com/r/MoneroMining/comments/lsce3t/httpsmonerooceancom_is_scam_and_not_related_to/

>>29767143
0.6 XMR block rewards forever is basically post peak oil, it'll always be expensive but you can keep getting more. Bitcoin's hard cap is going to absolutely buttfuck hash rate, transaction costs, or both once the last one is mined.

>>29768292
Posted before reading, apparently moneroocean.com is a "staking" site for monero, which obviously does not work and is a scam

>>29768292
>>29768536
so https://moneroocean.stream/ is the legit one? avoid .com?

>>29763807
checked
checked
Reporting inn solo and pool
checked
checked

>>29769213
Yes

>>29769656
extremly based miner chad

>>29767143
it keeps the miners mine and low network fees

>>29769656
Certified chad

>>29769656
most respectable

>>29766752
But if you're connecting to a remote node through something like vpn/vps/tor wouldn't that ip be all that the remote node can see? While I was almost done syncing a full node a while ago and I read somewhere about how few nodes there and that made me paranoid about being one of the few people in the world running one. Idk if that's just because a lot of the nodes are connecting through vpn or tor and the number is actually a lot higher though.

I geus there is a need for more nodes
With cli you can set the number of max peers / up your limit bandwith was playing around with it, you can do this also on boot
If you type sync_info you can see to what nodes you are connected to and at what block high the are, there are a lot new nodes at 1-100
Wil prob share about 100gb a day now xD

>>29767143
dumb fucking retard.

>>29771565
based

>>29767143
Watch the video in the OP. It goes over the inflation question.

This coin will be met with sheer force from gubmints around the world.

I love the tech and all, but its hella risky as an investment.

>>29774085
>This coin will be met with sheer force from gubmints around the world.

What's the worst they could feasibly do?

>>29774433
>ban exchanges
>attempt to round up holders and brokers
>inflame the situation and draw tons of attention to it in the process

I’d like to think glows are smarter than British officers at the Somme but I’m not so sure.

>>29774433
Well, for starters, banning on/off-ramps, making trading for cash the only option.

Cash is slowly dying, especially in more developed countries where you're looking funny if you try to pay with cash.

Packet Inspection blocking at network-level, rendering miners and nodes useless.

I'm sure theres more. This is what I figured out in 2 minutes. Imagine what gubbmints will figure out 8 hours a day trying to fck this coin up.

>>29774996
>banning on/off-ramps
What’s the legal precedent?
> Packet Inspection blocking at network-level, rendering miners and nodes useless.
Easily circumvented
And besides, the government declaring war against Monero would be an endorsement, which would therefore increase its value.

>>29774996
Kek, sounds like 2010 Bitcoin FUD. ngmi

>>29762632
I'm debating buying just because of XMR-chan fuck shes hot. I don't even know a single thing about monero but FUUUUUUUUCK that 2d girl is making me buy.

WHAT THE FUUUUUUCK

>>29774813
>>ban exchanges

All cryptocurrency exchanges? Because otherwise, atomic swaps.


>>attempt to round up holders and brokers

That is a HUGE stretch.


>>inflame the situation and draw tons of attention to it in the process

"Hey everybody, Monero works too well at hiding your money from us so we're banning it!!"

>>29775671
Exactly, it would just become a media fiasco.

soooooooo I just got my XMR and my desktop wallet.
anyone know of any "trusted nodes" so I can connect?

>>29774996
>Well, for starters, banning on/off-ramps, making trading for cash the only option.

Atomics swaps = other cryptos are the on/off ramps.


>Cash is slowly dying, especially in more developed countries where you're looking funny if you try to pay with cash.

US will never go cashless because of muh liberty so the USD will always be available.


>Packet Inspection blocking at network-level, rendering miners and nodes useless.

Circumventable.

>>29776303
Run your own for max security and support the network

Finally joined the xmr family yesterday

>>29776799
someone just said that if I run a node my ip address is exposed. >>29767338

also my internet is slow and I share it. I can't be using all the bandwidth all the time

>>29763807
i used to use it for [unknown purposes] and left some in my wallet and made money off of it so now I am holding [unknown amount] and will do so until it reaches [intractable amount]

how much xmr to make it?(please no unknown amount jokes)

people seem to think $10k is actually possible so 100 to make it?

retards still dont know its gonna pop off.
im all in on Monero

>>29763807
Yep.
>node and CPU miner on a colo'd Xeon with a public IPv4+IPv6 address
>you're welcome, NAT babies

>>29777035

https://www.reddit.com/r/Monero/comments/l0nxky/monero_security_guide_maintaining_privacy_and/

>>29776566
>US will never go cashless because of muh liberty
Also because the dollar is the global reserve currency. If the US goes cashless all those physical bills overseas are worth dick all, including for American tourists on vacation.

>>29777814
>>29763807

i dont mine, but everything else

I convinced my dad throw in 13k CAD to buy as much XMR as he can before hyperinflation hits. It is so fucking hard to do this.

>try to buy BTC/ETH on shakepay, they don't verify profile
>try to do same on Newton, same problem.
>Go on Reddit to complain, they don't care
>localmonero is too scary, don't want to get scammed
>Get verified on Kraken but now Canadian banks don't want to send money
>fuck me
>get transferwise to send money to my overseas bank account in Australia so I can buy XMR for him with him money.
>transfer gets through March 1st.

Why is it so hard to buy!? It's like they want us to be poor.

>>29778158
>investing for your parents
Oh no

>>29777486
>how much xmr to make it?(please no unknown amount jokes)
One of the major developers seems to think 1/1,000,000th of the total supply is a good stack, so 36 would make you set for the next hundred years.
>people seem to think $10k is actually possible so 100 to make it?
If XMR becomes the standard currency of illicit trade while also being impossible to trace, its value is basically uncapped. That's a multi trillion dollar market, and XMR only needs a market cap of $180 million to go $10k/coin.

>>29778158
Try cryptiswap. I was able to convert [redacted amount of popular cryptocurrency] to [redacted amount of XMR] straight from a wallet on a KYC exchange. Fees were reasonable.

>>29767338
monero devs say vpn dont do shit

>Delete all VPNs they are useless for Security/Anonymity (For thespecific Threat model I talk about VPNs are usefull for country/websiteblocking)

https://www.reddit.com/r/Monero/comments/l0nxky/monero_security_guide_maintaining_privacy_and/

>>29778424
*$180 billion

I can't type today

>>29778158
use p2p sites like localmonero, also just put the money into some other easy to grab coin like nano and use morphtoken or another swap to send it to a wallet

>>29777035
same with remote nodes, but https://web.getmonero.org/resources/user-guides/remote_node_gui.html points to https://moneroworld.com/#nodes
>>29777486
Honestly just depends on how you define "making it" but I see a lot of people on this board use $2MM as that number. Personally though it seems like you have to be financially illiterate to need that much, of course there's inflation though. So the real question really is how much will a dollar today be worth by the time xmr hits your target. But a lot of rich people are frugal, the mindset that you have to buy expensive shit all the time is a poor person's mindset.

>>29777486
>how much xmr to make it?(please no unknown amount jokes)
>
>people seem to think $10k is actually possible so 100 to make it?

Depends on what your needs are. Assuming Monero hits its oft-cited $40K projection by decade's end, your potential stack would be worth:

10 XMR = $400K

25 XMR = $1 million

50 XMR = $2 million

75 XMR = $3 million

100 XMR = $4 million

I just bought £1,000 worth of XMR today on Kraken. No issues whatsoever.

anyone care to address this?
>>29779334

>>29777273
Based. Lurk the generals more and you may become a chad!
>>29777814
Chad af
>>29778008
Yep, you’re a chad.

>>29779333
hell yeah bro!
i wish i could drop a stack like that, i just bbuy 1 monero a month

>>29779433
dont know what hes talking about.
you could use a service that jumbles your btc up so you get new coins rather than the ones youve been holding and send it to a new wallet address but thats about it as far as trying to hide it

>>29779598
the point is this >>29778752
we have 2 statements that totally conflict with each other

>>29763807
What's the advantage of CLI over GUI?

>>29779598
Nope. Bitcoin mixers don’t work.
>>29779718
It’s faster, it has more features, and working in the terminal is max comfy.

>>29778424
nigger, I can't even buy BTC on local exchanges because maple nigger banks here don't want to transfer fiat funds to crypto exchanges. Canada is fucked.

>>29779598
>you could use a service that jumbles your btc up so you get new coins rather than the ones youve been holding and send it to a new wallet address but thats about it as far as trying to hide it

Bitcoin mixing doesn't wash taint, it just shuffles taint around. You could actually end up receiving coins that are even more tainted than the ones you put in.

>>29780088
Oh shit, that's awful.

>>29779433
The only thing to "address" is you can't read. The feds know BTC is being used in illicit financing because they're watching the transactions. They have known-bad wallets and can trace any BTC sent from that wallet forever.

>>29779983
Which features? Would I benefit from using it if I only hoard XMR? I just use the GUI to generate that QR code for me.

>>29779694
this 75 year old woman and the rest of people in office dont really know about crypto.
you can use btc on the dark web still but it would be dumb because of the public ledger.
even if you had a transaction ID for a monero transfer you cant see shit with it on the block explorer

>>29780219
mainly? come on who can't read here?

>>29780166
yeah im not trying to promote it, i was just saying thats the best thing someone COULD try to hide their spending, dont work well at all

>>29779333
My first ever Monero purchase was worth about £1,000 (10XMR) also on Kraken

>>29763807
My desktop parts come in tomorrow. Soon I will be shitposting with enhanced vigor.
>>29762632
>thighs
>midriff
Disgusting

>>29780379
wouldn't any tainted xrr similarly taint all coins coming out of the pool?

>>29771565
>tfw no usage cap on my network
>tfw I can help sync endlessly
Just modified my private node to allow in peers, shame I'm getting so few

>>29780755
xmr cant be tainted, i was talking about btc

>>29780755
It's not possible with Monero

>>29781013
make sure to open your ports 18080 and 18081

>>29781109
why not? poison the well would just spread quicker than on btc that's all.

>>29780696
Based islamposter
>>29780280
If you are using the GUI then you are being chad. But the CLI is just the better overall experience. Much faster and fun to play around with (kind of like the difference between driving automatic and driving stick). I don’t know all the differences off the top of my head.l but multi sig is something that is CLI only.
For what you are describing, the GUI is perfect.

>>29781240
because btc is tainted because you can see where its been... you cant do that with monero

>>29781158
I'm running it through i2p so that should be set, unless I'm missing something

>>29781351
you don't know what i'm talking about do you?
anyone care to answer who understands?

>>29781350
I'll check it out if the CLI can do what I do easily. It would be easier to manipulate.

>>29781662
do you like using a terminal? If so, the CLI should be your wallet.

>>29781473
It's not possible to tell if coin is tainted as transaction addresses in XMR are obfuscated and transaction totals are confidential
The reason people can tell if BTC is tainted is because this isn't the case with BTC and that's all 100% public

>>29781900
>It's not possible to tell if coin is tainted as transaction addresses in XMR are obfuscated and transaction totals are confidential
>The reason people can tell if BTC is tainted is because this isn't the case with BTC and that's all 100% public

>>29781473
You clearly don't understand how Monero works lil man

>>29781473
heres a transaction ID, tell me what you can get off it

https://localmonero.co/blocks/search/c0a6b88912cf36118b7113efc9a55499f618115f7e7186714a2c45fe7bdcd45b

>>29781473
>anyone care to answer who understands?
Monero blockchain uses shadow addresses and obfuscation to hide the sender, receiver, and amount of a transfer. Bitcoin allows all this to been seen publicly. There cannot be tainting of monero since there is no tracing.

>>29777035
you could use tor and limit peers out and bandwith

>>29782325
Addendum to my post: this is why I fear monero will never be mainstream because people are fucking retarded and don't know the basics of crypto.

>>29782325
yes but do you know what poison the well means?

>>29782513
Pain and fear are the best teachers, historically speaking. Once enough people are holding enough traceable crypto, they will seek something less visible, because the tax man (or increasingly, the wife's divorce attorney) wants their piece.

>>29782674
I do. There is nothing in Monero to poison. There is no "well" to poison. Wallets cannot be monitored.

>>29782674
>do you know what poison the well means?
why don't you educate us

>>29781013
You need to set out_peers becouse you are uploading to them ive set it to 1000 make sure u open port 18080 took about an hour so to get more peers

>>29782674
You're talking about something like this? https://www.monerooutreach.org/breaking-monero/poisoned-outputs.html

>>29783007
all the stealth addresses that are recorded on the blockchain can be flagged doesn't matter if they can tell who owns what and again and again through transactions.

>>29783106
i'm not talking about breaking it's privacy scheme at all.

>>29783112
stealth addresses don't appear on the blockchain.

>>29778424
Monero has market cap of $3.7B as it is

>>29783112
>all the stealth addresses that are recorded on the blockchain can be flagged doesn't matter if they can tell who owns what and again and again through transactions.

They cannot since the addresses are one time use and cannot be connected between a reception of currency to an eventual send. The only way to compromise yourself is to give the same address (the ones that appear in your wallet that is) repeatedly to the same people who then collaborate with each other. Which is solved by churning and generating subadresses for different parties.

>>29783373
i thought they are the only things that appear on the blockchain but they can't be linked to your public address.

>>29782674
if you're referring to public perception, it hardly matters, BTC was seen as (and still is to some extent by those with no knowledge) an internet money to buy drugs with, yet it's still worth nearly 50k
XMR has a usecase for illegitimate activities that it will fill regardless of regulation, making it valuable so long as that exists
should the fed decide to regulate it, it will only go up in value since the legitimate sources for it would be quashed while it's illegitimate uses will continue to exist, creating a demand for it while making it harder to acquire
prohibiting it would only prove it's legitimacy as a private way to transact funds, further improving it's value

>>29774433
Nothing secret number go up )

>>29783483
but they can be connected via the ringct with extreme prejudice (which is what poison the well means) and tainted input will taint all outputs spent or unspent.

>>29783490
They are mixed into the transaction and can only be seen with the private key from which the stealth address is derived from.

>>29783568
*any tainted input

Best absolute noob GUI wallet?
I am a burger so probably going to run a VPN and buy through kucoin
am an absolute brainlet, how do i not fuck this up?

>>29783568
you genuinely have no idea what you are talking about.

>>29783570
okay this part i have to understand more.

>>29783690
Monero-GUI is the best to go with atm
That should be fine for basic use, would recommend just doing the basic local node setting if you're not 100% sure what you're doing, just make sure you have 75GB free

so what are u complain about lol

don’t be a bastard who trusts this fuck that is shilled on /biz/
>gas will kill ethereum and common trading with lp
if you want to live and make earnings go with me
take a look at ENQ Blockchain, gem blockchain for smart asses

To the anon who was trying to help me get to my friends funeral in Chicago hopefully you remember me and see this, I made an account I think this should be my address
88MwZXEGBtw8Jnh1pGLDDeGmux3ZhxS8r3FTuvDtWJctZ3t5GR6Dvn7EqN7R7Pm9zo6hrx7Rht2hAQRUqdXP5QqtFj9h59P

Thanks dude if you see this it will mean a lot to his family if i show up.

>>29783690
cakewallet mobile wallet. super easy and dont gotta download the blockchain

official gui/cli is best tho.

>>29783746
Here's a decent introduction to the subject
https://www.youtube.com/watch?v=Fe5QPDLk0mE

>>29783568
I don't think you understand how the addresses work.

>>29783822
https://web.getmonero .org download safe?
so after i get it on kucoin then just send it to the wallet and big chill?

>>29776920
>Finally joined the xmr family yesterday
welcome aboard

>>29784003
I think what he's trying to say is that they'll ban every xmr address, basically just saying that it'll get banned but he words it differently than most people do. I thought he meant poisoned output attacks which I think a lot of people don't know about. Here's an excerpt:
>But if a user does this twice, sure it might be deep down in the transaction trees, but there are several trees that they can collect information from.
>The test becomes stronger again. In summary, and this can be applied to any sort of application of these statistical tests, the more points of information that the user has, the more trees that Eve, the exchange or any sort of observer is able to construct, and the further up the tree that the outputs are, the better the statistical test.
>As you have more instances of information about a user and as there’s less ambiguity for those sets of information, the statistical tests get stronger.

>>29784288
yes GETmonero.org is the official website.
do not use monero.org

and yeah,I used kucoin for the first time the other day, it was nice and fast

>>29784288
getmonero.org should be it, if you're not sure just compare the ssl certs
they don't seem to match for the web. link though so just use getmonero.org

>>29783112
A stealth address is even longer than a regular address it has todo with the randomness on the eliptic curve power to the 10 x more address good luck banning them all, im using a new address for every transaction anyway

>>29781473
Retarded nigger

>>29784623
this guy gets it

>>29784003
possibly i had a preconception that may not be true at all.

>>29762632
I’m new to crypto pls no h8
I want to buy one of these
What service do you guys use to buy them? Do any of these services not send out tax forms? Asking for a fren pls and thank u

>>29763807
still learning all this, but im trying to do my part

The threads about 0xMonero reminded me of another xmr related project that I haven't heard of on this board for a while. Does anyone know the status of Aeon? I thought it had some of the actual xmr devs working on it, but it might not be kept up anymore. Damn near out of the top 1k coins on cmc..

I'm running a local node but working with a data cap, but I'd still like to keep it up and mine 24/7. What should I change in the default GUI to lessen data usage?

>>29784465
>>29784509
thnx lads
should I run vpn for max security whenever i access my wallet and kucoin? or is my wallet basically self confined to my PC? if thats the case what happens if PC bricks itself?
I am an absolute /g/let pls help

>>29767143
it's what allows it to actually function as a currency and store of value well into the distant future. gold doesn't have a hard supply cap either.

>>29785405
Just the wallet should be fine, if you're afraid of losing your wallet, write down your seed phrase somewhere physical and keep it in a safe place, that's all you need to restore your wallet should you lose it

>>29785181
honestly its cool to see peeps willing to learn

>>29785359
not sure, maybe check the --block-sync-size flag for the daemon startup

feels like I've been above >90% synced on my node for days and days, does it sync faster if I switch vpn to EU?

xmr still comfiest hold regardless of price

>>29785277
kraken. they do get your info to ship out for taxing. but since monero is a generally long hold you dont need to do taxes unless you sell. i personally bought an unknown amount and put it on my wallet and forgot about it.

Buying XMR at ~$200 is so comfy

>>29785277
i only buy tax free.
localmonero.co is a great resource that will accept any type of payment and its direct p2p with the website holding the monero in escrow.
the only catch is that the price per monero is about $15-20 above market value. totes worth it.
you can also use morphswap.io or another swap listed in the OP or use kucoin if youre going to swap crypto for monero.
but if youre trying to not swap i would highly suggest localmonero.

some sellers ask for your id or a screen shot of your bank statement with just your name on it. but i avoid those sellers and i would never buy from "BUYCOINFAST" seller. hes way to widespread to be a legit local seller

>>29785277
Kraken is good. I then immediately send most of it to my Cake Wallet.

>>29786060
source for this?

>>29785290
That's awesome anon! Thanks for making the network stronger.
>>29785337
>aeon
That was a sideproject from Smoothxmr. I think it has been shelved.
If you are looking for a privacy alt, I'd recommend Wownero. It is easy to mine and the community doesn't take itself seriously, which makes for a laid back and fun atmosphere. Plus it is a fork from Monero so it has legitimate privacy.
>>29785405
Your IP address will appear to Kucoin when you access their website. So if you don't want Kucoin knowing you are connecting, be advised.
Your IP address will appear to a remote node if you connect to one. So if you don't trust a remote node, then host your own node.
Your IP address does not give away any metadata about your transaction. No transaction amounts or destinations of your transaction are known to either the miners or the node operators. Your IP address will never be able to show how much Monero you have.
>or is my wallet basically self confined to my PC? if thats the case what happens if PC bricks itself?
well your wallet is unlocked by your seed (which is mnemonic device that translates into the actual private key). The actual wallet you use doesn't really matter, but the seed matters. If you lose your seed then you lose access to your Monero.
>>29785181
Monero's codebase is different than Bitcoins.
Wallet addresses don't appear in the block chain. Instead, they are mixed into gibberish and the only key that will unlock them (and grant you access to the Monero) is your private key from which the wallet addresses are derived from.

>>29786342
based and somethingpilled, you are appreciated anon. Will check out wownero

>>29785816
i'm trying to understand but it's not the usual learning curve. most of the times i can see through a project in half an hour. this is going to take days.

>>29785861
is it your first sync? it will take some time.
every other sync after will be a lot better.

if you happen to get stuck at 2-4 blocks left to sync you may be connected to a bad node and i recommend using this guide to fix it

https://www.reddit.com/r/Monero/comments/ko3d1n/third_update_on_the_ongoing_network_attacks/

>>29786342
>Wallet addresses don't appear in the block chain.
i knew that i just assumed from that i knew that stealth addresses are recorded on the blockchain and the tx-es are linked on the blockchain you just can't connect them to a single origin a single output or any public address.

>>29786699
Check out Mastering Monero. It’s a free e book that breaks down Monero in really easy to understand terms.

>>29786699
It's a bit more complicated that other crypto currencies, I've been working with computers for a decade now and even I had to take a bit to really understand how it worked

Comfy Monero thread.

>>29783106
>>29784441
>https://www.monerooutreach.org/breaking-monero/poisoned-outputs.html
nobody wants to respond to my fudding I guess, it's not really fud though and it's the reason why xmr will never get banned

>>29786339
Risk metric is proprietary from into the cryptoverse

>>29787147
yeah i started to read thru the transcript. but then the QA with fluffy pony was posted i never saw before and started listening to that

>TFW less than $1000 away from Suicide stack

>>29786880
yeah being impatient and jumping to conclusions definitely doesn't help here.
>>29786830
thx

>>29787147
Is there a more concise version of this?
It would be more useful to have information efficiently conveyed than going through a transcript to find it

>>29786130
localmonero has some legit vendors. Check out opticbit, I only had good experience and he sells at $5 over spot for cash by mail. Buycoinfast is a suspected fed/honeypot. Avoid!

>>29787147
It's a good point but as they say it requires offchain info and for most threats outside the most oppressive regimes which have compromised both sides of your transactions then it realistically won't be an issue.
I'd like to see the formal math since non-zero probability can still be tiny. Like, realistically what order of magnitude does this entail? 50%, 10%, 1%, 0.1%? And of course under what conditions since those are going to drastically change it.

Is monero really a good investment? Won't the infinite supply cause the price to stay low?

When XMR stays over $1000 I'm going to buy a Richard Mille from jtime.cc

Ode to fluffypony

>>29786830
huh i was scared at first it really starts in the kiddie pool with the pictures. but chapter 5 is more my pace.

>>29788049
Gold has a consistently increasing supply yet remains at a high value, it might be finite yes but I don't think we'll mine every ounce down to the core for a very long time
Once tail emissions kick in, output becomes far slower but still there, making it still worth it for miners to mine without extorting massive transaction fees

>>29781013
What does this mean, useage cap? Do you mean that some people are only allowed to use a certain amount of bandwidth monthly per their ISP?

>>29788289
Yes, there are ISPs out there that limit your total bandwidth and either charge for overuse, throttle connections or cut off your access
It's not as common now but there's still places out there that have a genuine issue with it

>>29788289
yeah its pretty shitty out here in the US. its basically comcast/verizon or some shit small vendor that can limit bandwidth like a cell phone.
god forbid you have satellite internet

>>29788289
Yep, around where I live it's around 1TB for the regular internet plans. I'm gonna have to just fork over whatever extortion fee porky wants from me to get rid of that cap. Wouldn't mind getting a static ip as well

>>29786706
thx anon, and yea it's first. I figured it would take a while, but it seems like the end is going considerably slower than the first 3/4 of the chain did. No worries, wagmi

>>29788524
exactly, I hate so much that my house feels like a cell phone

>>29788049

>>29788087
absolutely disgusting

>>29788087
When XMR stays over $1,000 I'm going to buy more XMR.

>>29763807
but i use GUI T_T

>>29789755
HAVE FUN STAYING POOR

>>29789968
youre still a chad, king

>>29787624
There's the video but honestly I couldn't find anything else about this and yea the transcript is hard to follow kind of why I was curious if anyone knows more. Basically when two or more parties are colluding they can use probability models to guess whether outputs are decoys or not.
>>29788019
Yea I'm kind of still trying to wrap my head around it, seems almost the same as dust attacks to me. I do think it's probably what all the kyc exchanges are doing already though and the western governments are pretty oppressive I guess because I can definitely see them forcing merchants to share information with them, or they would just steal it with some 0day remote access trojan or something.

>>29786342
>>29786342
thanks
just purchased 1 (one) monero to start my stacking journey. downloading the blockchain rn
from lurking here it seems like doing a remote node is easier but less safe.
is connecting to a remote node really that unsafe or is having your own remote node just peace of mind when you have very large amounts of XMR

>>29790455
>is connecting to a remote node really that unsafe or is having your own remote node just peace of mind when you have very large amounts of XMR
That depends on your personal skill with computers, who runs the remote node, how physically secure the remote node is, how physically secure your home is, etc. Absolute safest is probably a hardware wallet locked in a safe buried in the ground in a geologically stable area.

>>29788392
>>29788524
>>29788606
That is the most retarded thing I have ever heard. I am sorry.

XMR mimicking BTC price curve again, its depressing to see a coin with such a good use case marching in lockstep with pure shitcoins

>>29783570
so i checked it out further and seems like i had roughly the right idea how it works. but i'm not gonna jump to conclusions i will research this for a few more days.

you are referencing in the ringct the previous stealth addresses and technically a poison the well technique could be applied altho i'm obviously not sure how sure about practicality. (that's why i asked my original question)

>>29790943
It doesn't matter what the relative merits of other flowers are when everyone is buying tulips. Technical merit won't win out over market memes until BTC in particular hits a technical snag that another coin doesn't. I suspect this scenario is likely: >>29789696

>>29791171
i also understand now that applying the tint is the difficult part because if you only have a public address and not the private viewkey then it's guesswork and very situational to even attempt guessing.

Hey anon who was helping me get to my friends funeral the thread got archived by the time I had a chance to respond, I made a wallet if your here your really helping me out I know the family will be grateful that I was able to show up, thank you so much.
88MwZXEGBtw8Jnh1pGLDDeGmux3ZhxS8r3FTuvDtWJctZ3t5GR6Dvn7EqN7R7Pm9zo6hrx7Rht2hAQRUqdXP5QqtFj9h59P Hopefully you see this

>>29788285
>>29789696
Okay, maybe I will trade my ethereum mining rewards for monero. I already mine monero but it doesn't generate much by itself.

>>29791366
but how will you tell the difference in the blockchain between decoys and the real outputs. How can you tell if the outputs that are used later are the real ones or decoys of the real output? How can you even tell where the outputs are going if you can't see the address and have no idea who owns the address anyway?

Doubt anyone will care, but a quick update on my Kraken situation. After 5 business days, Kraken have still not released my 1000 euro to my account. Customer support finally got back to me yesterday saying again that they released money to my account (this time because of a 777.77 euro deposit I made on Wednesday, instead of the first time when there was literally 0 balance on my kraken account), and closed my ticket marking the issue resolved. I sent an email early yesterday reopening the ticket again, with pictures clarifying the situation and photos of my bank account transactions showing the two. They still haven't got back to me. I hope they work on weekends and this doesn't drag out until Monday. This is terrible customer support for such a massive company. Never giving money to one of these Jewish exchanges ever again.

>>29792102
>but how will you tell the difference in the blockchain between decoys and the real outputs
that's my point you don't. with poison the well the tint spreads to guilty and innocent alike which forces the innocents to avoid the tint out of self defense. which practically leads to blacklisting.

>>29792102
my theory was that you apply the tint to a stealth address (this is more difficult than i first thought but not impossible) and then you simply follow these outputs with utter prejudice compiling your blacklist. but you also publish this blacklist so that nodes can avoid partaking of the tainted set of stealth address outputs.

>>29792310
That makes no sense anon.
What you are saying is that the entire network would be blacklisted, which we already know can't be enforced.

>>29792310
I think I get what you're getting at now. You mean tracking the blockchain outputs. The difficulty is this would spread so fast you would blacklist the whole network. Not only that but no one can intentionally avoid "tainted" outputs, so users would have to not use monero if they didn't want that association. Anyway, it would spread fast enough that no useful information would normally be gleaned from tracking it, since it would encompass like half the damn network.

>>29792514
not really, and also you can make it so that someone that kyc themselves to your authority and proves with his private viewkey his transaction history can be cleared form the blacklist.

i know it seems far fetched and hard to accomplish. like i said i need some more time to get feel for the difficulty and practicality.

>>29792671
>Not only that but no one can intentionally avoid "tainted" outputs
not without a software change you mean?
i don't think it spreads that fast but it's harsh that's for sure.

>>29792125
I hope you get your money back from the jews my brother.

>>29792722
Well considering you have no way of knowing where outputs are going or how much monero is being sent in each transaction, it’s completely illogical.

>>29792826
>not without a software change you mean?
Monero itself would have to be modified. Which is unlikely that the devs would ever do that since it removes a lot of plausible deniability.
>i don't think it spreads that fast but it's harsh that's for sure.
It propagates exponentially through time. There are attacks but the are probabilistic and requires compromising several parties to track a single person. You have identified a weakness though, the use of centralized exchanges, but the community is working on that too. Check out bisq and local monero. Not perfect, but nothing is. The goal is to become uneconomical to target, which monero largely delivers on, and certainly more than any other extant technology.

>>29792125
Jesus Christ, I’m sorry man. Keep us updated, don’t stop trying to contact them.

>>29793191
Oh yeah and to build off of this the big problem that is correctly being identified is kyc exchanges.
We will be eliminating this attack vector over time with atomic swaps.

>>29793076
not illogical just utterly unjust.
>>29793191
yes but only on a superficial level at a tiny part of it's algo that finds suitable inputs.

i think i understand now why monero absolutely needs dexes tho. the easiest attack vector is regulatory compulsion on centralized exchanges. which everyone would need to voluntarily follow or risk getting dirt.

it's also very timing sensitive obviously as you said it spreads fast. but as the blockchain grows this may not be a statistically so significant issue to deter authorities from trying.

>>29767143
This sounds more exagerated than it is. it's literally like adding 1 grain of sand to a beach every hour. XMR is expected to have more supply than BTC only on 2040. until then the store of value aspect is basically the same

>>29793433
yep atomic swap. i didn't fully understood the difficulty with bitcoin and it's clones it's so fucking easy. child's play.

>>29793531
>yes but only on a superficial level at a tiny part of it's algo that finds suitable inputs.
Yes but everyone would see it. The source code is open and audited constantly.

>>29793433
At that point the only remaining hurdle will be making anonymous cash-to-crypto ATMs for things that can be atomic swapped to XMR more widely available.
>buy crypto with cash at ATM
>scan into atomic-swap wallet
>swap for XMR
>move XMR to a more secure location
The ideal onramp coin for this would have consistent real world confirmed transaction times of <1min so you don't have to wait around at the ATM.

>>29788049
Look at the chart on https://moneroinvestor.com/
Just because there's a tail emission and technically "infinite supply" doesn't necessarily mean that it can't be rare. It's likely more Monero will be lost each year than what is freshly mined.

>>29793635
yeah i didn't thought this would be a covert action i thought it would be an authority kicking the door in and whipping out his regulatory cock action.
probably with cexes as the main stage.

>>29793627
i assume the atomic swap would have to be initiated from monero's side at all times. thinking about it the bitcoin side is very simple. you just need compatible common hash algo that can be used in bitcoin script. that's not the hard part tho.

>>29793952
Great website

>>29764048
>would love to, but electricity is too expensive
Hey look at that, where I live electricity is basically free but hardware is expensive and I'm too much of a poorfag to be able to take advantage of my situation. Goddamnit.

Anyone fuck around with online crypto casino's and vouch for any? Thinking of moving a tiny bit of XMR to fortunejack to play blackjack but I'm worried it's gonna scam me

>>29794911
Don't.

I'm mining it on a 3950X, getting around ~17.5KH/s using 28 threads (this way I keep 4 threads for the rest of the system and I can use my computer).
Is XMRig + XMRFast the way to go? Any tips?
Thanks guys, love this coin, ticks all the boxes I could ask for.

>>29795841
XMRig is definitely the way to go, not tried XMRFast but it seems similar to moneroocean, right down to the UI, not seen any indicators that it's not legit though
Check the mining guide at the bottom of the OP if you're looking for some pointers on how to get the most out of your mining rig, should be a good starting point

>>29779159
>all shitcoins do -100%
>only BTC and XMR left
holy based

>>29788049
XMR supply is infinite the same way a minimum wage worker who works long enugh can earn infinite money. In real life money will be quite scarce for him.

>>29795841
Xmrfast appears to be a smaller pool right? I usually tell people to avoid the larger pools so that hash rates aren’t centralized as much. What temperature is your CPU running at ? I can actually use all threads on my CPU and still browse fine, but I usually just turn it off when I’m using my computer.

>>29796647
>Xmrfast appears to be a smaller pool right?
I think so. Haven't tested any others.
>What temperature is your CPU running at ?
Between 70 and 75 C. It's cooled by a 360mm AIO with Noctua fans, I guess it got hotter because there are 2 GPUs mining ETH on the same workstation.
>I can actually use all threads on my CPU and still browse fine
Oh that's pretty cool. Using 32 threads made it unusable for anything here, although it gets me near 20KH/s. I've gone above it with static overclocking but I wonder if it's worth it with the >50% power usage increase.
Using 28 threads instead of 32 allows me to keep working to a certain degree, as my current project doesn't scale with threads.
What's your CPU/temps/hashrate?

Best remote node or should i run let the GUI pick a random node?
The GUI recommended node.moneroworld.com at port 18089 or a few others

I have the 100G space for the blockchain but am an utter brainlet

>>29797159
If you do a basic setup it should do everything for you, I'd even say it's easier than using a remote node

>>29795841
Any indication of what your power usage is?

>>29797159
https://www.getmonero.org/resources/user-guides/remote_node_gui.html

>>29797159
>I have the 100G space for the blockchain but am an utter brainlet
Just let it sit for a day or two for initial sync.

>>29797335
CPU pulls ~139W.

Bumping because I bought under $200 today.

>>29797110
Using a 3900x and getting 13kh/s. Staying at 61C with a 360mm liquid cooler in the cpu. Thinking about also gpu mining even though my gpu is mediocre.

>>29798962
Long as it has 8GB VRAM it's worth it, try looking in to your pool and mining other altcoins on it for XMR

>>29792125
My experience with their customer service was awful as well. There is no phone number you can call to speak to a real person. Your only option is to email them and wait for someone in the Philippines to answer 2-3 days later. I’m GLAD I fucked up the wire transfer because my money just bounced back into my account. I was able to open up an account with coinbase and buy in less than 24 hours. They use ACH unlike Kraken so it’s much cleaner. I buy LTC and swap to XMR in cakewallet’s exchange. The downside of Coinbase is that you have to wait something like 5 days to move coins off the exchange.

You all have me curious what my hashing power would be if I put all the processor power under my control to it.... will report back shortly.

does monero have a comfy unofficial discord?

>>29799789
Discord is the polar opposite of Monero.
>centralized
>non-private
>proprietary software
>infested with normies, zoomers, and trannies

>>29799789
we have a telegram bc we're not trannies

>>29799880
but where do i communicate with xmr bros then? :\

>>29799944
Here.

>>29798233
today will be the last time XMR is under $200

screencap this

>>29798962
Pretty cool, maybe you can mine ETH on your GPU and swap for XMR later on.
I recommend a -0,075 undervolt for mining, will give slightly better results with lower power usage.
The absolute best you can do to increase your hashrate (assuming power usage isn't a concern) is per-CCX overclock.
I wonder how well the 5900X and the 5950X perform. They're even more efficient.

wtf is this shit. It's working fine on another machine on the same network....

>>29799944
on an "anonymous" image board known as 4chan

threadly reminder that this is the perfect xmr-chan

>>29800023
i don't really care as much for privacy and what monero stands for i just saw that it halved in a month and wanted to see if i could make money

>>29799944
https://telegram.me/monero

>>29799944
Hi, Monebro

>>29800022
check the FAQ section in help (top right where it says home), you'll want to make sure you're on the right port for your hashrate, it has a whole list of ports and hashrate ranges under "What are available ports?"
It should also have more info on that issue

>>29799944
lurk the generals. Every so often we drop a link to our chat group (now on matrix!).

>>29800190
I think you might be looking in to the wrong coin, XMR doesn't jump as much as most alts, it tends to be pretty slow lifts and falls
Most communication happens here, though I've heard there's a forum and IRC

>>29799062
I have a gtx 1660 which looks like it only has 6gb

>>29801215
I think you can get away with that, IIRC the ETH DAG is just over 4GB
If not, you can set it to mine raven coin instead, not AS profitable but my RX580 still outpaces my 3900x

>>29800020
>Pretty cool, maybe you can mine ETH on your GPU and swap for XMR later on.
That's what I do. ETH mining is stupidly profitable right now if you have an 8GB card. Shut off all my heat so I have a house sized sink and a little extra profit margin.

>>29801348
Now that's comfy, I wish I had windows in my server room, I'd just leave them open were it the case

>XMR at 4444 sats
checkd

>>29769656
Based

What to do bros?

AHHHH SO CLOSE. I need to find a spare raspberry pie!

>>29801950
Nice, what CPU?

>>29801992
If they wont let you buy it, mine it

>>29802016
IIRC pi's are pretty weak due to missing cryptography chips

X5 FOR SOME WEEKS, THAT IS ABOUT START ENQ

>these faggotsidiots can’t realize it and still try to mine their scam shittokens
>I am not a dumb who trusts this rubbish
>multiminer that is future for everyone

>>29802157
I thought mining XMR wasn't profitable?

>>29802261
Depends on where you live.

>>29802261
Depending on power it can be but not substantially, at least not right now
If you have an average NA power costs you can definitely break even on most systems

>29802204
I don't think these are even bots anymore, must be cheaper to mine XMR and pay Indians to do it for them

>>29767124
nah bruh
second from right

>>29802157
Pis are generally pretty weak yeah, and ARM doesn't have AES-NI or equivalent. They're not a great deal for mining, with an 8GB Pi 4 getting under 500H/s.

>>29802431
That's not bad for the next to no power draw, though still probably not worth it

I'm not a TA faggot because I just buy XMR and hold, but doesn't this mean we finna liftoff n shieeeet?

>>29802462
It's the hardware cost that gets you. For what it costs to build a 5KH/s Pi cluster you can just get a Ryzen PC.

>>29802560
It's a good jump, could be but I wouldn't say for certain

>>29802610
Damn, is the 4 really that costly?
I haven't had one since the 3 (I think, need to check)

>>29762632
how viable is monero

Monero threads are always the comfiest. I love you guys.

>>29802734
Viable for what

>>29802734
>Long term buy
Good investment, built on strong fundamentals
>Short term buy
not quite as worth it, price moves around too slow
>Mining
You break even in most cases, if you mine it's because you either intend to hold for a long time or you just want to support the network

>>29802750
Love you too bro

>>29802713
Ryzens are that cheap.

Pi 4 8GB = $75
SD card = $10
A ten node cluster is $850 plus the cost of a 10+ port switch (another $100), and the Ethernet/power cables.

>>29803014
Fair enough, hadn't even thought of the other costs for cable and networking

Anyone use Bisq ? safe??

>>29803089
Bisq is very often recommended by anons.

>>29803062
Yeah I specced out a cluster for a /g/ project and quickly concluded a rack full of Ryzens or Threadrippers would annihilate it for similar hardware costs. If PCs ever spike up in price and Pis don't though, that might change.

>>29803089
i use TradeOgre
no one even knows who operates it, but I like their loading gif

>>29802734
>actual usage as a currency
Pretty viable and definitely the best use case.
>quick 10x gains
Not the coin to do this on short term, maybe long term.
>Holding
Pretty good. The fundalmentals are great.
>Mining
See >>29802869. It's better to mine if you either:
1. Want to hold long-term
2. Want to support Monero
3. You bought a very efficient CPU and wants it to pay for itself in 1 to 2 years (Ryzen 3000/5000).

>>29804701
tfw no ishtarin gf

Bump

>>29803200
>>29804155
ty

>>29790943
why should you care right now? its the end game thats important, xmr is actually used and as more and more markets switch to xmr exclusively it will grow organically.

NEW

>>29804225

>>29804225

>>29804225

>>29805849
buy one with monero

My kingdom for a high-end escort site that accepts Monero....

>>29801950
>>29802095
Crop is to hide the fact that he is on rx/wow or rx/arq not rx/0. Nice hashrate regardless though.

Ratio has performed solid again today. Looks like we are yet again testing 0.0045. I think a break through of that will lead us back into the 0.0050s pretty quickly.

>>29802157
I ended up buying Litecoin with Fiat and then buying Monero with Litecoin

I have a Ryzen 3600x, its got a decent hash rate but I didnt get a single coin after 5 straight days of mining solo

What can I expect to get if I join a pool? A couple of dollars a week?

>>29808353
yeah the mining network is far to competitive to get Monero from solo mining unless you want to play the lottery for a while.
you can check out a mining calculator. With 10,000 h/s you can get 0.025 XMR per week for example.

I've been buying since the BTC/XMR ratio was .013, feelsbadman.jpg

When are we going to get back to that ratio? Please consult your crystal balls and inject that sweet hopium into my veins.

I just want feather to have ledger support. This way I can use the same interface with BTC and XMR.

>>29809315
and on a less frivolent note, why do some of those old transactions say "Unknown Amount", even though I'm the wallet owner, and others still show the amounts?

enough monero to /makeit/?

>>29803392
Links for parts to build a Ryzen box for under 850 pls.

I've been crunching numbers this week trying to figure out the most efficient RandomX mining and right now I'm leaning toward arrays of dell office PC refurbs because the hash/watt seems better and its an opportunity to recycle tech trash. The pi array route is interesting too but the main thing preventing me from building a new machine with better hardware is just not knowing which parts are the best route for this specific application. Prebuilt ryzen machines are too expensive obviously.

>>29809315
same here i bought most xmr at .012-.013

i got absolutely rekt, have around 1/3rd the bitcoin i would of had.

>>29809315
XMR/BTC soon

>>29809315
I think it will be soon. The market is trending downwards and the Tether pump seems to be over. Monero has out performed all alt coins in every dump, likely because of steady dark net buying pressure.
The longer the dump goes, the better the ratio gets. My bold prediction is that we will break 0.005 over the weekend and we will test 0.006 next weekend.

>>29762632
I’m creating a semi-defi (trusted oracles only) non-kyc contract for swapping eth-xmr.
It will be useless once we have atomic swaps but it is an interesting experiment for me to learn solidity.

>>29812109
Because it's already at the bottom, it couldn't go lower with all the previous bag holders.

>run node on hard disk
>starts getting reallocated sectors
did monero break my hard drive bros

how to buy monero on bisq? I'm not seeing it being traded here.
what are the best alternatives to localmonero?
>>29810915
vs me having like 10, and a net worth of around 10,000 :( what age are you?

>>29813592
>I'm not seeing it being traded here.
never mind, I guess you can sell bitcoin for monero on there which is why it's in OP.

>>29762632
Can I mine with GPU?

How to show transaction and why?

Explain how stealth addresses work, where does the hash salt come from

Which ports to leave open for local node only?

>>29814609
Also how is local monero? Id rather not meet in person I would do cash by mail in small amounts

>>29814609
>Can I mine with GPU?
Yes, but CPU is more efficient. You can do both.

>>29762632
I want to start mining monero. Do i just go with Minergate?