/biz/ - Business & Finance

PREVIOUS THREAD: >>49301010

STOP MINING IN MINEXMR
>START MINING IN P2POOL
STOP MINING IN MINEXMR
>START MINING IN P2POOL

P2Pool combines the advantages of pool and solo mining; you still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool.

P2Pool has no central server that can be shutdown/blocked because it uses a separate blockchain to merge mine with Monero. There's no pool admin that can control what your hashrate is used for or decide who can mine on the pool and who can't; It's permissionless!

Decentralized pool mining (P2Pool) is pretty much the ultimate way to secure a PoW coin against 51% attacks. When P2Pool reaches 51% of the total network hashrate, Monero will be essentially invulnerable to such attacks.


YOU CAN NOW MINE IN P2POOL DIRECTLY FROM THE MONERO GUI WALLET!

If you have a PC or laptop:

1. Download Monero GUI
https://i.imgur.com/ZGefPef.png

2. Pick 'Advanced' mode
https://i.imgur.com/4c0uSE4.png

3. Set up your wallet
https://i.imgur.com/4lMKh00.png

4. Keep the default Daemon settings "Start a node automatically in the background"
https://i.imgur.com/maACmmT.png

5. Once sync'd, go to Advanced->Mining and pick 'P2Pool'. If you have a laptop or low-end PC (~50 kH/s) pick "Mini" pool, else pick "Main"
https://i.imgur.com/E60JeMG.png

P2Pool-compatible remote nodes if you do not have your own local copy of the blockchain:

>p2pmd.xmrvsbeast.com - (Western Europe) (rpc-port 18081, zmq-port 18083)
>myxmr.net - (Northern Europe) (rpc-port 18081, zmq-port 18083)

OTHERWISE SWITCH TO A SMALLER POOL, IT TAKES YOU 30 SECONDS AND YOU CAN JUST SOURCE A DIFFERENT CONFIG FILE IF YOU DON'T WANT TO FUCK UP YOUR EXISTING ONE.

Many inexperienced miners think that big pools give better profits which is not the case. Your profits in the long run depend only on your hashrate, not on the pool's hashrate.

https://web.xmrpool.eu/xmr-monero-easy-mining-guide.html
https://monero.hashvault.pro/en/getting-started
https://www.supportxmr.com

USE P2POOL TO PREVENT 51% ATTACKS.
>USE P2POOL TO PREVENT 51% ATTACKS.
USE P2POOL TO PREVENT 51% ATTACKS.
>USE P2POOL TO PREVENT 51% ATTACKS.
USE P2POOL TO PREVENT 51% ATTACKS.
>USE P2POOL TO PREVENT 51% ATTACKS.
USE P2POOL TO PREVENT 51% ATTACKS.
>USE P2POOL TO PREVENT 51% ATTACKS.
USE P2POOL TO PREVENT 51% ATTACKS.
>USE P2POOL TO PREVENT 51% ATTACKS.
USE P2POOL TO PREVENT 51% ATTACKS.
>USE P2POOL TO PREVENT 51% ATTACKS.

*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****


Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.


>Monero: it's what new Bitcoin users think they bought. Every feature, explained
https://moneroinfodump.neocities.org


>Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes
https://moneroinfodump.neocities.org#MoneroIsUntraceable


>The Writing on the Wall: Monero replacing Bitcoin as the new standard
https://moneroinfodump.neocities.org#MoneroReplacingBitcoin


>Breaking News: no, Monero still isn't traceable
https://moneroinfodump.neocities.org/#RecognizingTraceabilityFUD


>Vaporware: why nobody is worried about CipherTrace's magic crystal ball
https://moneroinfodump.neocities.org#CipherTraceFail


>Very Clever Math: how we can verify that the XMR supply isn't being inflated
https://moneroinfodump.neocities.org/#MuhInflationBug


>Pssst, wanna buy some Monero? Follow these simple how-to guides
https://moneroinfodump.neocities.org#BuyAndStoreMonero


>Bitcoin: The Original Non-Fungible Token
https://moneroinfodump.neocities.org#BitcoinBlackpill


>Why Monero is Better than Zcash: the "privacy coin" criminals won't touch
https://moneroinfodump.neocities.org#ZcashBlackpill


>The Lowdown on PirateChain: why this Zcash clone is considered a scam
https://moneroinfodump.neocities.org#PirateChainBlackpill


>LATEST UPDATES

- added Proof-of-Stake update to Zcash Blackpill
- added list of available desktop/mobile wallets
- expanded all sections with more relevant info, graphics & videos
- added easily linkable headers and sub-headers (link icon to the far right)
- added a new section about traceability FUD

>The irrational exuberance of cryptocurrency investors

Irrational exuberance is characterized as a hype-fueled mania that causes investors to massively overestimate an asset's real-world value. In this delusional state, investors tend to become so smitten with expectations of greater profits that they disregard the assets’ potentially weak fundamentals and drink the proverbial Kool-Aid.

This then leads to them recklessly and repeatedly buying into whatever asset is currently rising in the charts, thereby triggering and/or sustaining an asset bubble. This bubble is kept inflated solely by the mass delusion that the market price is justified and will only keep going up in future, effectively becoming a self-fulfilling prophecy. Note that bubbles can last for years, especially in an age of easy investor on-boarding. However, when history inevitably repeats and the bubble bursts that optimism invariably turns into panic as the asset crashes back down to its real-world value.

In finance, the "greater fool theory" suggests that one can sometimes make money through the purchase of overvalued assets—items with a purchase price drastically exceeding the intrinsic value—if those assets can later be resold at an even higher price.

In this context, one "fool" might pay for an overpriced asset, hoping that he can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero.

This effect is often further exacerbated by herd mentality, whereby people hear stories of others who bought in early and made big profits, causing those who did not buy to feel a fear of missing out.

Never forget what this is ultimately all about.

>>49355137
MAKE BABIES AND BUY MONERO - CREATE GENERATIONAL WEALTH FOR YOUR CHILDREN!

Reporting in

tor irc- https://pst.klgrth.io/paste/tzm4s
Aliases- https://pst.klgrth.io/paste/bjbx3
Extras- https://pst.klgrth.io/paste/daxte
Nodes- https://pst.klgrth.io/paste/ke2k8
Mining- https://pst.klgrth.io/paste/c7na4

Will you snatch up a house on Monero Drive when you make it, bros?

Institutions will never touch this pedocoin, its obvious who wins in the long run.

>>49355396
THAT IS FUCKING GHASTLY

>>49355462
uhm no one uses that one

>>49355462
Centralised shitcoin that only exists to line the pockets of the devs. Only XMR and BTC matter.

>>49355462
stop shilling that corporate garbage

>>49355306
lmao based schizo
remember not to reply ztrash trolls lads, they feed in (you)s

>>49355462
>>49355525
Kek

>>49355218
>p2pool
No thanks i solo mine

Hello frens.
Do you see feasible to run a full node over i2p/tor with these specs?

-Old Lenovo laptop still in use
-CPU: Core 2 Duo 2.4Ghz
-Ram: 4gb DDR3 1066 MT/s
-Storage: SSD 500gb (encrypted)
-OS: Arch Linux
-Internet bandwith: 10mbps (1250 Kb/s) download, 7mbps (875 Kb/s) on a good day

I know these specs are horseshit but it's the best I have at hand right now. Of course, mining remains out of the question, unless some profit could be made with p2pool-mini, but after lurking a bit I seriously doubt it.

What would you do in this situation?

>>49355799
Sure you can run a node on that.

>>49355799
should be just fine but I'd highly recommend getting an SSD for it.

>>49356032
how do you know so much, tripfag xmr radical?

>>49356043
Vegetables and study time every day

I don't think I'm a big brain, folks regularly blow through here and make me feel like a drooling retard.

>you can now buy monero with straight cash on monero.com
anyone recommend this? I'm a /smg/fag so this would be my first foray into crypto

>>49356043
>tripfag xmr radical
that be wireyboy

I'm going to be real with you guys. These threads are the literal opposite of organic.

>>49357118
I don't think you can with USD if you live in America.
If you want to buy non kyc you can buy with local monero. See the OP for recommendations for different exchanges. Kraken is the best kyc one, and you can buy with a debit card.

>>49357409
yep, looks like you're right. says it excludes america. guess I'll just do kraken when I finally get around to buying some. thanks anon

>>49357454
no problem anon.
Make sure you withdraw from the exchange once you do.

>>49357387
>I'm going to be real with you guys. These threads are the literal opposite of organic.

REMINDER TO MINE WITH P2POOL (MINI) AND NOT ON A CENTRALIZED POOL
>REMINDER TO MINE WITH P2POOL (MINI) AND NOT ON A CENTRALIZED POOL
REMINDER TO MINE WITH P2POOL (MINI) AND NOT ON A CENTRALIZED POOL
>REMINDER TO MINE WITH P2POOL (MINI) AND NOT ON A CENTRALIZED POOL

>>49357387
HOW DARE YOU SPEAK LIKE THAT! YOU BITCH SIR! BASTARD!

>NSA and feds didnt pump our bags yet

bros its not right why do the unworthy like richard heart get to flex on us for being early on the beta monero project BTC?

>>49355523
It would have been considered good looking 20 years ago.

>>49357118
Suika is crypto related! BTC devs are using GNU Guix for reproducible build environments!

When are we getting rich lads?

>>49362055
Tuesday

Is the update where they add one more byte to block to make them faster to verify live yet?
I usually sync 2 blocks per sec but today it was 3.8 per sec.

>>49362055

Next Thursday.

>>49362055
fuck off moonboy

>>49356212
>Vegetables
cringe

Anyone ever do cash by mail on local monero yet? Sounds like a pretty safe and secure non KYC way to acquire the shit honestly. Or to turn monero back into cash. Gotta get a counterfeit detector though right?

>>49355137
maxi:
>oh nooo monero not dumping like other shitcoins
>let me start a FUD round on twitter
today they are calling monero a scam... WTF they are so dumb

>>49364643
>today they are calling monero a scam... WTF they are so dumb

Tone Vays has been calling Monero a scam for years now lol

IT'S AFRAID

>>49364755
>Tone Vays
Wasn't that the dude that made a video called something like "Why monero is a scam" and starts off saying that he doesn't know shit and goes onto criticize Monero in 2017?

>>49364864
>starts off saying that he doesn't know shit and goes onto criticize Monero in 2017
You could use this to categorize 99% monero critics.
They only valid criticism I've heard is from the devs themselves and they are usually trying to solve them.

>>49362055
When you learn to play Cometh. I already made a lot with it. I still got a good one from the last tournament.

>>49364755
>>49364864
https://www.youtube.com/watch?v=Q_ZfusSdyWA

>>49365118

Maxipads REALLY don't want you holding Monero, it fucks up their entire SoV narrative.

I see the consistent lack of picrel being posted in these threads, which worries me
people trust anime crypto threads more than anything else
use this information however you see fit

>>49365384
>peter mccormack
Is he attacking Michael Saylor too?
https://youtube.com/watch?v=ccJ33hLaMF0

>>49365408

lol somebody needs to remind him

Gotta say, I'm relishing their palpable anxiety.

>>49364755
>>49365384
>>49365118

Monero is heaven money

>>49355137
If it's unlimited supply, how will it ever get to $20k?

>>49365575
It's supply will be lower than the BTC supply for the next several BTC halvings.

>>49365575
>>49365609

>>49365384
IF I SCREAM LOUDER I WILL MAKE IT TRUE

>>49365575
in 2100 there will be 30.4 million XMR. With a $1T market cap (in 78 years from now, conversative), it's $30k a coin.
TLDR: gold has higher yearly inflation yet is worth trillions. capish?

>>49365433
So is he James Forwler or Bill?
I only know of Martin Fowler.

It is so comfy being able to front run retards who are distracted by Bitcoin.
XMR is coming and they are scared.

>>49365769
I feel the same vibes as I felt in 2013.

Fellas, a few opinions about the Streeth, that comes to us from heaven:

>Mints & auctions iconic Street Art NFTs
>Bullish Articles on Forbes, Times, Yahoo and others
>Audit by CoinScope
>Doxxed KYC Team

>>49365118
>>49364864
>>49364755
Here the exact minute lol TV is a joke
> trust my TA fanboys. I'm not going to explain to you how it works
>I don't give a F how it works
> just buy my course
https://youtu.be/Q_ZfusSdyWA?t=104

>>49365575
Coins are lost every year, "inflation" drops as usage increases and it could even become deflationary at some point

>>49364579
just one of those markers

test4

>>49355734
>>p2pool
>No thanks i solo mine

>>49365407
>anime
what you posted can barely be considered anime

>>49362055

>>49367771
I'd mon her nero if you know what I mean

So, I just opened a monero wallet, and it's at 0.00
I would like to put something in it, to see if it werks and to start it, so I wanted to ask about faucets. Are there real legit faucets? Or it is just pajeet scams? How do they profit from giving you XMR? Or what's in it for them?

>>49368087
Just buy some LTC or whatever on a non KYC swap site.

>>49368087
I can send you a few cents to test it out.

>>49368087
>How do they profit from giving you XMR? Or what's in it for them?

Bobs & vagene.

>>49368098
I'm just starting out, I don't know how to buy crypto in exchanges yet. I basically have no idea what I'm doing, lol

>>49368117
Thanks, what do I have to do?

>>49368087
faucets do work on stagenet. Of course nobody gives away free money on monero mainnet, so faucets that claim to work on mainnet are most likely scams.

>>49368138
The streetshitter is cringe, but so is the whore for not just blocking the guy.

>>49368156
gimme me ur address

>>49368138
I had seen that webm before. It's pretty sad really. The dude has no self-respect or basic common sense on human dynamics. I'm not trying to sound higher and mightier though. I've creeped out a fair quantity of girls before

>>49368172
>stagenet
>mainnet
Everything is a new concept, and I have to google every other word. I feel like such a clueless boomer
Do you mean this?
https://www.stagenet.com/

>>49368204
Thanks bro, super generous of you. This will be my first crypto. You are popping my crypto cherry

4888oveX227RPbih7w8NmDEsW2EAWdi9VUywA5m1F8xfQjc28LRVSXF7ksD1sqjTstYHvcXxNYQC1Vki8kfRXcdE97YqskP

>>49368193
She wants the validation

>>49368239
>She wants the validation
Yeah no shit. When faced with this kind of insistence, you can:
>block the dude and forget his very existence within the next 10 minutes
>let it go on for 6 fucking months to make a hella epic Tik Tok and get "clout".
I hate women so much it's unreal.

>>49368239
miscalculated my amount but lol enjoy your monero
0129ab7b1fb10aaae4bd344568d0dee544b5aa2630cdb9a3c2b9c888f5604982

>>49368261
Many such cases

>>49368305
Holy shit, thanks man. I have crypto now, we are all going to make it!
What is the difference between balance and locked balance?

>>49368239
sad I cannot see any informations or funds related to that address
if it was a bitcoin address I could see your funds and transactions

>>49368239
BTW anon, always receive with sub-addresses and never publish publicly the normal one, it's good opsec. Sub-address always starts with an 8.

>>49368342
That's kinda the point of XMR.

>>49368340
To buy more you can use an exchange, like Kraken or Binance.

>>49368342
It's from "Monero Oxygen Orion GUI Wallet." I just followed a video tutorial that explained how to open it

>>49368359
Thanks for the tip. I guess I'll try to set up a more "serious" wallet later with more opsec, and transfer what I got to it. I also opted for the quick option to connect to someone else's blockchain instead of downloading it for my own. I guessed it is not a big deal since I'm just using it to get acquainted with crypto wallets

>>49368340
You need to wait for 10 blocks confirmations to be able to use your monero. This is for privacy reason.
https://www.monero.how/how-long-do-monero-transactions-take

>>49368217
lol no stagenet is basically a playbox of the current monero network where you can get Monero and play around with the features. It isn't real Monero though
>>49368340
you need to wait ten blocks before you can use your Monero.

>>49368388
It's why I'm starting with Monero. I am really enthusiastic about its options and features. Today I have researched some of the security features like stealth addresses and ring ct stuff. It looks super promising, I mean that's the whole point of having a system away from a centralized controlled entity, having more privacy and not getting BRRRR printed to oblivion. The locked 0.6XMR block reward sounds genius too

>>49368404
I don't like how they ask all your personal data in those exchanges. But I have already been recommended localmonero, and I'll probably use that

>>49368486
I'm planning on just stacking XMR long term, like I do with my PMs

>>49368602
Based fellow XMR/PM enjoyer. I look forward to being able to trade krugs for crypto or vice versa without government infetterance.

>>49368602
Good luck Anon

>>49368413
You can also use Tor for even greater opsec. For example, shruum (monerujo fork on android) does mandatory Tor usage. This serves to augment your privacy, hiding the IP address.
>I guessed it is not a big deal since I'm just using it to get acquainted with crypto wallets
Of course, you're still learning about it so it's no big deal if you don't get it all right the first time around. Monero alone already offers fantastic privacy.

>>49368602
great bro
do research
and if you have any question just ask

>>49368602
Based. yagmi.

I received 0.031074279925 more. I tried a few of those faucets to see if they worked, so I don't know if that was from there or from someone else here. I guess there is no way to know...

>>49368659
>>49368682
>>49368709
>>49368726
>>49368734
Thanks Monero Chads, what an awesome community. I will be studying and working towards growing my XMR stack. I have some ideas, like mining on a decent computer I bought last year, and I can also offer graphic design and illustration services for crypto too. There seems to be endless possibilities to this.

>>49368217
No, no, the Monero network maintains three different databases. The one everyone actually uses is called "MainNet" and it's where XMR that's actually worth something is held and sent. There are two other databases used for development. "TestNet" is for development of Monero itself and "StageNet" is for development of programs that use Monero. XMR on these is worthless by design, so that's where all the the faucets are.

>>49368826
Welcome to the club.

How many XMR do I need to attract monero girl?

>>49368988
Monero-chan loves all her fans, anon!

So everyone here is of the opinion that Chainlink is a scam and for retards, right?

how much monero can i realistically make per day/week/month if i just mine it on my laptop (AMD Ryzen 7 4700U) while i'm at work?

>>49368988
the break it stack

>>49369052
I put in $100 and took out like $16k
>muh ponzi scheme
Yes, well, that's basically everything outside Monero and maybe very very few other exceptions. I can't think of any ERC-20 that's actually inherently useful. You don't really have to ask this question.

Is Monero Monday still a thing?

>>49369052
my biggest hold, most useful thing in all of crypto, maybe the key to it. i'm not talking about the replacing money part, i'm talking about the smart contracts part. chainlink will power all trade finance

>>49368988
>How many XMR do I need to attract monero girl?

https://www.youtube.com/watch?v=qVa8YAAG6u8

>>49369052
Monero is crypto for people who fucking hate crypto.

>>49365384
if that’s true, i’m a proud scammer.

3095 blocks remaining

>>49365384
I need Monero to buy drugs online. I have to buy it to enable some productive action. That's literally the opposite of a scam.

I need Bitcoin because it might be worth more in the future if I don't do anything with it. That's the DEFINITION of a scam.

>>49369739
How did they decide that 0.6 tail emission is the correct number? Not 0.7, not 0.8 but 0.6?

>>49369797
I would guess it's likely related to the inflation rate

>>49369831

Fun fact: it will take 117 years for the tail emission to double the initial supply.

>>49369781
How do drugs enable some productive action?

>>49369797
They modeled it to be around half of gold's inflation rate.

>>49369953
Try modafinil sometime.

>>49370111
why

>>49355462
you’re correct, only an internet crackhead would choose to use an obsolete coin with infinite supply over ZEC.

>>49370149
It's a drug that enables productive action.

>>49370191
Sneed nigger.

>>49355204
I'm mining in Nicehash :-)

>>49369797
>How did they decide that 0.6 tail emission is the correct number? Not 0.7, not 0.8 but 0.6?
There's no "correct number", it's arbitrary. The decision for this number was to make sure that when tail emission kicked in, monero's emission would be under gold's emission. So if there's an argument that gold's ~2% year emission is good enough to make it the soundest money on this planet, then it should be appropriate for Monero too, with the difference that this percentage on Monero goes lower every single block since the tail emission is a fixed number of 0.6 XMR per block.

>>49370191
>you’re correct, only an internet crackhead would choose to use an obsolete coin with infinite supply over ZEC

Friendly reminder that nobody else gives a shit about Zcash and Halo does nothing to change that.

>>49362055

>>49369135
>I can't think of any ERC-20 that's actually inherently useful.
Agreed, with the exception of BUSD to move to/from CEXs (ex. Coinbase) when needed.

>>49370313
based
>>49370321
not even naomi replied
>>49369797
frens I don't like number 6
is tail emission 0.600 or 0.666 ?

Huh, I've made $0.80 in the past couple of months of mining
I kind of expected... not such a pitiful amount to be honest. I get that I only have four cores but still.

>>49371682
It is 0.6

>>49357118
>>49361250
my wife

Is buying xmr from a kyc exchange really that bad? Sure they’ll know how much monero you have but they got no idea what you’ll do with it. Your wallet could even fall into a lake and you loose it.

>>49372627
best opsec is to get a stablecoin from a cex, then get it to an offshore swapper. aunt iris can't tax "cash". they can't envy or covet what they can't see. See >>49368342 for such salt.

>>49369739
what date this year would that end up being on?
t. brainlet
i'd love to know to be here to celebrate

>>49372767
https://p2pool.io/tail.html

>>49372817
blessed, ty

>xmr tail emissions kick in next week
>chainlink potential staking next week
>ETH testnet merge test next week
holyshit a lot of things are coming up next week, and on all 3 of my main holdings

>>49373009
>staking
good luck

>>49373072
ADA PoS is fucked but a bitter pill some don't like is ETH with soft forks and slashing can kill off all 51% attacks, since "muh community coordination" and "muh layer zero"
but we're not here for that topic today, just mentioning that a lot of events are coming up

>>49373174
get ready for that coordination to lead to globohomo initiatives.

>>49373193
globohomo is inevitable
at least i can profit from it and escape the sinking ship
just put it all in xmr, take a quick boat ride, and flee the country afterwards

Real question anons, what is the experience like mining on alternative architectures? I am thinking of getting a power9 system to really commit towards the free software autism, but was wondering how it compared to an x86 chip like xeon or threadripper?
>>49373072
>proof of stake does not work with derivatives
>neither does monero, but whatever
I'm really not sure his argument against it. It comes off more pro-mining than anti-staking. If it's the task of the state to regulate proof-of-stake, I don't see how that would apply to people living in other jurisdiction that the one the state operates in. That's part of why it's so difficult to regulate bitcoin, it's too dispersed. Such a wide surface area, hit one spot, end up hurting everyone.

>>49372185
always consider the discrepancy between current value and future value when mining. the people mining btc in 2011 mostly failed to consider future value

>>49372627
There's good arguments on both sides when it comes to KYC monero.

Why KYC monero is good:
>for US citizens, you don't have to deal with onramping with some other crypto like BTC or LTC then swapping for monero (which is a taxable event)
>KYC monero is the cheapest monero you can buy
>when compared to buying from localmonero, it's easier to purchase large amounts (most venders on LM cap their purchases at <$2k)
>monero's tech BTFOs KYC/AML shit anyway once you take it off the exchange

Why KYC monero is bad:
>have to give a lot of personal information to the exchange (full name, address, SSN, personal ID, etc), kind of antithetical when you're purchasing a privacy coin
>also putting a lot of trust in them to keep your personal info safe. There's a non-zero chance the exchange could get hacked and your crypto purchases get leaked
>using CEXs is feeding a beast, more money and power is being consolidated in large exchanges like Coinbase, FTX, Binance, etc.
^probably the most important reason. When you're using a centralized exchange you are basically helping to create the crypto equivalent of JPMorgan, Goldman Sachs, etc.
>the exchange, and by extension the feds (through subpoenas), will know how much monero you purchased
>exchanges do create a vulnerability in the anonymity set (look up "poisoned outputs, EAE attacks")

>>49373456
I mean this only applies if you're mining literally for free. Which I am, because I have a server I'm renting for other purposes but which ends up with a lot of free CPU cycles. However, if I didn't already pay for that server anyway, there would have been no way for me to mine that wouldn't be at a loss. If I did it at home, I'd probably be taking like a 200% loss on electricity costs.

Also, I don't understand this argument in general unless you're able to generate significant amounts through mining. If you're making less than $1/month or so, then just forgo like one cup of coffee or something and you can probably buy a year's worth of XMR. It seems to only be a worthwhile argument if you're making more from mining than you'd be comfortable just dropping on a purchase - and again, ONLY if you're doing it for free, because if you put in any amount into mining, then by "considering future value" you're better off buying and holding.

Mind you I'm not gonna stop mining as long as I still have a server that'd otherwise be idle, because I'm doing it for the network and like I said it's essentially free. But it's basically dust that might as well not exist. If I could mine and just forfeit all block rewards, I'd see no reason not to do it, because it changes absolutely nothing. Instead of the $0.40/month I'm getting, I can just drop $4/month on accumulating and get 10x more XMR.

>>49373456
I had a friend that talked about bitcoin in 2013, and I asked him if we should mine some and his answer was "nah it's not worth the price of electricity right now"

>>49373658
>have to give a lot of personal information to the exchange (full name, address, SSN, personal ID, etc), kind of antithetical when you're purchasing a privacy coin
I see your point, but I think it is still consistent. Privacy is about choosing when to reveal yourself, and never more. All the positive KYC you mentioned I agree with. Another thing to consider is that many US exchanges don't allow transfers out, which keeps your crypto captive.

>>49373404
if one hodls a pos coin, and it get's shorted, that one will eat the rugging that will ensue.
the only way pos works is if it is globohomoed. pos depends on pov (violence) to actually work.

>>49373935
>pos
>pov
Tell me how I know you're a liberal

I was looking into mining purely for anonymity. It seems unfeasible to mine XMR at a reasonable rate with consumer grade hardware. Is this accurate? I looked at a 3080Ti and it said you generate roughly $0.05 USD daily. I don't want to sell XMR, I just want to mine a finite amount and then trade it for something, but I was hoping to get like $10 worth of it a month.

All of the local services I've looked at don't work out for me (I'm in Canada). They all want to trade other crypto for XMR which defeats the point, or charge an exorbitant fee. Local ATMs require KYC. Even for small amounts, they require a phone number.

So it seems to be in this weird state where you can't mine even small amounts in a reasonable time frame without special hardware setups, and there's no simple way to onboard or get started without KYC. Is this wrong?

>>49374439
>Proof of Stake
>Proof of Violence
>Proof of Work
acronyms are challenging now, aren't they?

>>49374729
>stake
>violence
>work
buzzwords

>>49374664
you mine ETH with the gpu, and convert it into xmr, while mining with your cpu also
the gpu will net you a lot more in xmr terms than cpu though

I'm worried about the future of Monero.
How do we know the developers won't someday become pozzed/comped?
What are we supposed to do if they implement shit like proof of stake or de-anonymize the coin?

>>49374664
I use coinbase so I'm already KYC'd. I was getting a shitcoin then move to it to my wallet. I'll then spin up a swap at simpleswap.io, getting XMR then.
In the future, I'll just get BUSD as doing so will help on tax avoidance. Not sure how Canada handles crypto to cash if you need to pull some from your stack later on. In any case, trudeau freezing crypto and bank accounts should be a wake up call for anyone in the west that globohomo sees decentralized crypto as a threat to their rent seeking & controlling behavior.

>>49374936
>What are we supposed to do
you just fork it.

Get in here >>49374896
>Percent longs and shorts
>79.94% Short
>20.06% long

>Longs & USD interest rate
>0.044%
>1'351 xmr Longs

>Shorts & XMR interest rate
>0.0%
>5'385 XMR short

>>49373821
He was right. You should have just bought btc directly

>>49375048
But then everyone has to swtich to using a different coin. All of the dark net markets would have to adjust and all of the additional software made to support monero would have to as well. And how would criminals and people trying to avoid taxation be able to off-load all of their coins if there is no liquidity?

It seems like a very disastrous scenario.
I just hope the monero devs continue to be open and transparent with their updates. They have a lot of people's money in their hands.

I would almost prefer a version of Monero that would NEVER get updates. I hope it gets to the point where there's really nothing left to change/fix with it.

>>49375185
true, you got me there
>>49375194
without constant forks the making of ASIC miners for xmr would be trivial, which would cause long term issues

>>49375194
>I would almost prefer a version of Monero that would NEVER get updates. I hope it gets to the point where there's really nothing left to change/fix with it.

>>49375194
>I would almost prefer a version of Monero that would NEVER get updates. I hope it gets to the point where there's really nothing left to change/fix with it.
Monero has always been an evolving tech. A lot of the key features that monero has today was not available in 2014 when it launched.

>>49375194
I am hopeful that we will eventually get to that point. Zk starks for example is the endgame, and then we can work on improving the ux.

>>49375194
>I would almost prefer a version of Monero that would NEVER get updates. I hope it gets to the point where there's really nothing left to change/fix with it.
Imagine saying this about the monetary network back in 2007. We wouldn't have Bitcoin or monero.

Posting with nazi pepe, hoping no more updates... You are a jew.

>>49373072
I can recognize Windows fonts from a mile.
Install Linux.

>>49374664
You can try going peer-to-peer using LocalMonero. Remember that you can create buy orders there. I'm sure that if you put up a buy order using Interac and a reasonable premium you'll get a hit.

>>49355462
Have fun mining it for the owners

If I buy BTC at an ATM with cash, then convert it to XMR are any subsequent transfers of that XMR basically hidden from sight? That is, people can see
>Bob received 'x' BTC at 10:00 pm on Fri. We have Bob's BTC wallet, IP, and phone details.
>Bob sent 'x' BTC at 1:00 pm on Sat. We have Bob's BTC wallet, IP, and phone details

At this point I'm guessing its down to what exchange you use right?

>>49376172

>>49376292
No one can see your transfer except for the wallet of the person you are sending it to. That being said, they can't even see the address that it came from

>>49374936
>How do we know the developers won't someday become pozzed/comped?
The simplest thing you can do to avoid this situation is to lurk, passively participate in the #monero-dev channel on IRC, which is where developers discuss what they are working on, etc. Bonus points if you also read the issues on GitHub.
In the worst case scenario you will observe in advance the movements and transformation of the development culture in the project.

>What are we supposed to do if they implement shit like proof of stake or de-anonymize the coin?
Again, this is easily avoided with the same technique as above. Another thing is that clearly the proposed implementation of anything that goes against the monero ethos would be detected and widely rejected by those same people who participate in the discussions and read GitHub.

>>49375194
>I just hope the monero devs continue to be open and transparent with their updates.
It must be understood that there is no acceptable scenario where this is not the case. The Monero Project follows the FOSS ideology and therefore operates in a framework of absolute transparency.

>>49375549
>>49375549
>>49375194
>>49376206
>I would almost prefer a version of Monero that would NEVER get updates.
While it may be impossible to reach an absolute ossification level that is resistant to any technological breakthrough in the future ad infinitum, there will be a time where Monero will be extremely robust and efficient, making new updates happen sporadically, with years or decades between one update and another. There is no rule imposing recurrent hardforks, and even today updates are only made to improve the efficiency of the protocol or add more privacy safeguards.

>>49375245
>without constant forks the making of ASIC miners for xmr would be trivial, which would cause long term issues
This has not been the case since the introduction of RandomX. The forks are not related to protecting the network against ASICs anymore.

HOW TO MANIPULATE MONERO 101
CEX Lower the interest rates on long
Retail longs
Price up
CEX scale in short position with perp (long interest still low)
CEX pump the interest rates for long
People rush to close long
Price down
Twap is selling with users funds
Price crab lower
CEX scale in spot long to rebalance Twap strategy reserves
CEX Lower the interest rates on long
>The cycle repeat

While this is how they are keeping monero down with minimal reserves allowing them to not being exposed.
Price pumps,
suspended withdrawals,
Twap selling,
price dumps,
CEX buy in lower,
allow withdrawals.

>>49376406
>#monero-dev channel on IRC
link?

>>49376315
Ok, but to go from BTC to XMR, I need to use an exchange. I assume that this exchange will have my information too. Only once I have XMR in a wallet somewhere can I assume that there is no way to figure out where I send it. The wallet application itself could be logging the data however, so that's another thing to consider.

>>49376524
Just open https://www.getmonero.org/community/workgroups/

>>49376406
>This has not been the case since the introduction of RandomX.
i'm behind on the times then
any reading on how randomX prevents that?

>>49376518
>interest
one can get interest on cexs for xmr?

>>49376524
#monero-dev @ Libera.chat
You can use Hexchat or irssi or whatever you want to connect. I'm fairly sure Libera has a webchat hosted on their website too.
There are many other Monero related channels in that network. There are some listed on getmonero.
https://www.getmonero.org/community/hangouts/
There's a Matrix bridge for almost all channels too in case you use that.

>>49376600
https://localmonero.co/knowledge/monero-mining-randomx

>>49376616
blessed, ty

>flipped by LINK
its over

THE COINS ARE DROPPING MY BASTERDS

>>49376609
The CEX takes the interest on cash... I'm talking about futures market, do you know how interest work ?

>>49373404
what's the penultimate xmr mining hardware setup?

>>49376672
vaguely. never even cared about finance until the coof came around. in any case, not much we can do, except get and hodl xmr. if the price is depressed, well, easier to buy when it is cheap. I don't

thoughts on https://www.fiatrefill.com/ ?
was vaguely mentioned in the latest monero moon issue, and seems pretty promising

>>49355396
If they move it out of CA lol

ITS GOIN DOOOWN

AAAHHH THE MOFUGGEN BOOTLEG FIREWORK SHEIT

>>49376891
This is too complicated, crypto debit cards are a superior solution

>>49377659
I thought monero wasn't an investment

Last weekend I pitched three strangers on Monero. All three were intrigued, and one was extremely bullish. Get the word out!!!

>>49355137

bros... is monero mining worth in 2022?, and if so, I beg you, tell me the best specs to stack some coins

>>49380606
It's barely profitable.
The most cost effective way is to get as many used 3900x as you can.

>>49355462
we will MAKE them choose monero, just as we MADE them choose bitcoin: reluctantly, begrudgingly, jumping on the trend years late.
Monero is money.

>>49380421
Shit tier OPSEC tho.
Remember monerochad, No good deed ever goes unpunished.

>>49369870
>it will take 117 years for the tail emission to double the initial supply.
Hello Brother.
That is an interesting insight.
I had guessed thebtail would start on 6/9 but a day before works as well.

>>49367880
I dont. Tell us what it means anon.

>>49368217
>e. It's pretty sad really. The dude has no self-respect or basic common sense on human dynamics.
Those pajit niggers write a script to mass message whitegirls on soc media. Those grils think they are special.
t. Former Room mate of a compsci pajit at CMU

>>49380606
It's worth it if you want to mine monero specifically, but you will not be making steady profits out of the gate. If you want to turn clock cycles into money, you're pretty much relegated to mining X monero today at X electricity cost and waiting several years for it to hopefully rise in value, retroactively effecting the profitability.

>>49380924
If it's barely profitable, how is mining sustainable?
Capital outflow will disappear

>>49357387
Having the same thoughts but anons ignore me whenever I mention it

>>49378683
any recommended webistes 4that?

>>49365444
checked

How does Trade Ogre work, with buying/selling Monero for USDT? Do you store funds on the platform and buy coins at spot price or does it facilitate private transactions like localmonero? Is it based or cringe fellaz?

>>49385060
It's just a regular centralized exchange except they don't care about KYC

don't store funds on any exchange, ever.

>>49385203
>don't store funds on any exchange, ever.
what about coins like xrp or link? those have no risk of being frozen... right?

>>49376535
Use kucoin + burner email. No kyc required. I didn't even enter a name.

Where is the art contribution fund? Heard about monerochan as daisy duke with the general lee being a possibility. It has to happen.

>>49385203
I meant store in a trade wallet temporarily but cheers anon

>btw, wtf is picrel

>>49385245
It's very, very simple.

Not your keys, not your coins.
If someone else, anyone at all, even if they are a trusted party, has access to your keys, then it is only your crypto as long as they are deciding to play nice, the moment something goes wrong due to THEIR mistake, your funds are gone with basically no recourse.
Keeping your funds on an exchange is literally the opposite of what cryptocurrency is about, you're basically just using a more expensive bank with no FDIC insurance if you do that.

>>49384306
1. Because you can mine on hardware you already own. So if you are in the process of building a computer you can offset the costs by mining.
2. We expect the price of Monero to go up long term and therefore pay for this in dividends.
3. Because of Monero's strong idealism, there is a sizeable portion of miners who mine altruistically.

>>49385290
https://www.monerochan.art/

>>49376760
Next to last?

Why 18.7?

>>49387567
1/1,000,000th of the supply at the time of tail emissions

>>49387705
>it only costs only $3500 to obtain 1/1,000,000th of the circulating supply of the only coin that's used.

>>49388811
That's what happens when American normies can't FOMO in.

>>49388811
it would cost way more if it wasn't banned from cexes under 5 eyes. once atomic swaps are implemented in the gui wallet i expect it to become quite expensive.

>>49355137
>>49355218
>PREVENT 51% ATTACKS
i thought those attacks were impossible on monero?

what has changed since jan/feb?, havent been here since.

>>49355462
>Institutions will never touch this pedocoin
unironically proving its worth

>>49388811
yeah. front running institutions and normies is so comfy.

>>49389465
51% attacks are definitely possible with monero.

>since jan/feb
Haveno fuckery and we have a network upgrade coming up next month.

Eff it I’m downloading a full node

>>49390397

Dangerously based.

can someone post the monero usa flag?
it's the last thing i need for the drawing im doing

>>49390492

>>49385290
>Where is the art contribution fund? Heard about monerochan as daisy duke with the general lee being a possibility. It has to happen.
Monero flag on the roof would be a nice touch.

>>49388811
This may or may not be a good thing.

>>49389205
Also in Cake Wallet.
>normie installs cake wallet
>normie buys BTC
>atomic swap for XMR directly in app with clean coins
>all from their phone
I fully expect some countries to order Crapple and Poogle from distributing Cake Wallet inside their territories if that happens.

Anyone knows what happened to farcraster swaps?
One of the biggest funding and I haven't heard anything about the progress

>>49390522
thank you

>>49355137
How is monero different from bitcoin? Everything you said buttcoin has.

>https://www.monerochan.art/
Thank you donors! Hope you like it.

>>49391341
>Everything you said buttcoin has.
It literally doesn't. Maybe try reading the OP once again?

>>49382815
However, nobody here actually owns Monero, so there's nothing to hide.

>>49391365

>>49380606
1. Get free hardware and free electricity
2. Rake in however much because you don't care because it was free anyway

If you're planning to buy mining hardware, buy XMR directly instead. Unless you can afford A LOT of hardwave at a very significant discount (e.g. an enterprise throwing away huge server racks and you pawn them off from the collection/disposal/garbage team for like a few dozen bucks) - and remember to factor in the electricity costs - AND you absolutely want KYC-free coins. (And even so, getting a giant server farm might make you identifiable, to the point where you're better off getting some KYC coins and just disappearing them into monero for plausible deniablility with a tiny tiny fraction of the hassle and effort.)

>>49391365
cool shit

BITCOINU BSC IS LIVE, BIG CALLS INCOMING, LETS GO NIGGERS!

tg bitcoinubsc
0x dd87022c1c1206fc0951051e424dbb527b953120

>>49389465
>i thought those attacks were impossible on monero?
Anon if more than half the nodes are dishonest there's no magical "honesty" you can determine to stick to the honest nodes. The chain is as the majority votes, as long as the result is valid. This is the case on all voting systems.

>>49391341
https://moneroj.net/ or read the OP's messages again. If you have questions feel free to ask.

>>49390881
I'm not so sure about that. There will probably be many implications for companies providing this type of service. Today you can exchange crypto on Cake Wallet because they have a partnership with an Exchange. They don't do it themselves. If regulation decides that anyone providing atomic swap matchmaking is now a financial institution Cake will probably abstain from providing the service so as to keep being just a tech company.
I expect mobile wallets like monerujo to stay true to the ethos and provide atomic swaps even if it means being delisted from app stores and survive only on F-Droid. I can be wrong though. And if I am someone will step in and provide such a wallet, as demand clearly will exist.

>>49391780
>to keep being just a tech company
why?

>>49392506
It's my understanding that when your company is classified as a financial institution it has to follow an immense number of rules and regulations. If Cake Labs LLC transforms into a financial institution they might be required to force KYC/AML regulations for all of their customers, and it may be interpreted that the user of a wallet is a customer. It's such a cluster fuck that it's cheaper and easier to not provide the atomic swap service directly.

>>49355137
where can I buy voip with monero fr fr help me monero chads

>>49392793
Correct. This is why Haveno is so vital, there is nobody providing services except at a meta distributed layer, like the magnet only torrent tracker of finance.

>>49393742
is haveno confirmed a dead project?

>>49390926
waiting on multisig in next hardfork

>>49394023
Troons killed it with CoC and ziontrash

>>49394358
>>49394023
Need to be careful with faggots like this, they'll destroy everything from within if not controlled/bullied. This fag is already hated by most of the community.

>>49394023
>>49394358
If it works as intended and I can compile the software from source I couldn't care less if literal trannies are developing it.
If it affects how the software operate someone will just fork from them the same way they forked from Bisq.

>>49394023

>>49394493
this

Do they chinese increasingly use Monero? With their CBDC rolling out and all the surveilance and social credit points

>>49394464
>ErCiccione
deleted monerujo after seeing his name in the credits

anons, is it okay to donate to Haveno?

>>49395534
we wouldnt know
>>49395918
ccs is already funded, i would just wait to make sure it comes out working as intended before throwing money at them, but nobody can stop you

>>49395551
Based, he's a moral putrefaction that loves to submit to authority, a typical retarded leftie. That does not belong in Monero, it's out of place.

>>49395918
I would just wait, patience is usually rewarded.

>>49391365
Nice.

>>49391780
>>49392793
Couldn't cakewallet just provide a UI that lets you select other third-party matchmakers? Then they wouldn't be providing any service, and at the same time the wider exposure of atomic swaps might make it more worthwhile for other matchmakers to provide liquidity and advertise.

>>49393742
Atomic swaps are abut as distributed as haveno to my understanding, the only "service" you need is a listener which is no different to needing to check for activity on your orders on haveno (and receive payments/send crypto as required). And more trustless, since there's no arbiters in atomic swaps, so no possibility of a social attack on the organisation.

>>49394493
>If it affects how the software operate someone will just fork from them the same way they forked from Bisq.
Meaning in another three years (counting only from the Bisq 1.0 release), a scam artist will start a giant crowdfunding campaign "for the UI/UX redesign only", then copy the source and change some non-code documents, then proceed to do no technical work for months while the community descends into drama and the fork remains vapourware?
Yes can't wait

>>49395551
Which alternative android app would you recommend? I didn't want to use cake because of the zcash controversy.

>>49396501
don't forget that the community should also be thankful for the opportunity to pay $200k in xmr to kickstart the scammer's moneymaking scheme

>>49396628
Shruum is a monerujo fork without the bloat and mandatory Tor usage. Install orbot also.
https://monero.observer/akimayumi-releases-shruum-wallet-mainnet-apk/

>>49396065
well if chinese dark web exchanges use monero and grow in users we would probably know indirectly right

>>49396698
Thanks. I will look into this. Surprised it's not in that neocities link.

How do atomic swaps even work?
t. retard

>>49396501
>>49396686
To be honest I agree that the crowdfund was stupid. I thought they were asking for too much money for what they were going to develop, and it was one of the very few CCS that I didn't help funding.
But whatever, the community decided to fund it, and the community will learn if the results are garbage, the same way we funded Kovri and ended up with nothing.
It happens, the best we can do is learn and vote with our money by funding only what we find is useful.

>>49396438
Yes they could do that. Unless atomic swaps are considered something apart and even providing access to third-party services bring them heat. The point is that Cake wallet is very user friendly and provide lots of conveniences but at the price of being "corporate" and target of regulations and governmental scrutiny.

>>49395551
Dude was the coordinator of the translation workgroup before quitting and going 100% to haveno, but because of that his name is gonna be in a lot of places. I honestly don't recommend using that rationale for your decision-making process on what software to use. Might as well not use the GUI then. CLI isn't translated so maybe that won't have his nickname associated with it.

>>49397724
>based id color
ygmi anon

>>49397897
another orange!

>>49398335
wagtmi

Where's the pastebin with all the XMR info? Or the website, why is it not in OP anymore?

>>49399260

You blind or something?

>>49355222

>>49397270
Do you know cum swap? Atomic Swap is similar but with monerochan and bitcoinchan and an [unknown] load.

>>49355137
Is there an eth->monero bridge yet?

>>49401250
There is development being done on swaps between xmr and eth but who knows when it's going to be on mainnet.

>>49401339
I would love to swap a few hundred eth for btc and xmr but I refuse to use a cex.

>>49377659
The interest rate, short for free and get liquidated... fucking scammers.

>>49397270
The theory behind it is pretty trivial, basically A locks coins behind a hash preimage (+ B's key), B sees this and locks his coins behind the same preimage + A's key. A knows the hash so he can spend B's coins at any point, but doing so reveals the hash so B can spend A's coins immediately. Plus there's also usually a timeout mechanism so that if A decides to just never reveal the hash, B can just abort and take his coins back.

The complications arise when you have to coordinate this automatically across very different chains, and have it work reliably and bug-free, that's why it's such a big deal that the software for it is working.

>>49396318
uuuuuh.... based department?

I just bought more XMR.

>>49402776
prove it

How can I make my node only accessible through tor?

what's the equivalent to
ttps://www.coinsbee.com/en/ for european sepa countries?

>>49403004
well fuck it. Configuration is too complicated and i2p seems to be kill as well. Closing all ports then and running it for myself only then

>>49401381
Use letsexchange or similar. No kyc apparently.

>>49403004
https://serverfault.com/questions/434008/how-can-i-block-all-traffic-except-tor

>>49403648
https://shopinbit.com/

See more options on monerica.com

>>49402967
nice try IRS

>>49401381
BISQ.
learn how to use it

>>49355137
>>49357474
Its probably all of the big fish in illegal trade that have a ton of monero.
They want to pump those numbers.

Im gonna bump anyway because monero is also a currency for real activists.
Not the purple haired faggots that claim their oppressed.

>>49404485
This is the worst monero meme I’ve seen so far.

>>49404485
jannies delete this post for cringe

>>49401339
I would swao some eth for scrt using sienna swap as well. I see it's a good swap in the secret network

>>49406319
>I see it's a good swap in the secret network
Sir please redeem.

ONLY 1739 BLOCKS REMAINING.

>>49406839
already bumped my sui stack by 0.000006

>>49357387
All generals seem inorganic. Check out /vg/ sometime if you don't believe me

>>49407111
Also literally every crypto thing is fucking inorganic lmao. The last organic crypto thing was Bitcoin back in 2011. Maybe Ethereum before people realized it didn't work? Crypto is a heavily funded thing pushed by people desperate to pump their bags. It's literally designed to be shilled.

Monero is the only crypto that isn't a bag pump at this point, and even still, the concept of a Monero Community™ doesn't even make sense because it's a service, not a product.

>>49407250
Elaborating on this, Monero users don't have anything in common. They just want it to work. This general and other forums based around Monero are literally for nerds who are interested in/working on the technology.

DIE DIE DIE!!!!!

>>49407287
>Monero users don't have anything in common. They just want it to work.
To be fair there is an ideological element to this but I do see your point.

>>49355137
Decred is better. You'll understand soon.

NEW THREAD: >>49407567
>NEW THREAD: >>49407567
NEW THREAD: >>49407567
>NEW THREAD: >>49407567
NEW THREAD: >>49407567
>NEW THREAD: >>49407567

>>49403968
People using Tor can connect to a clearnet remote node too. If you're not law enforcement just open the ports to make it a public node and call it a day.

Last for Monero-chan

last for sneed