/biz/ - Business & Finance

First

>>50503029
>infinite supply
it's worthless

PREVIOUS THREAD: >>50433192

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

Never forget what this is ultimately all about.


>Help grow the circular Monero economy: buy/sell goods & services with/for XMR!

https://monerica.com/
https://www.reddit.com/r/moneromarket/new/
https://monero.com/marketplace
https://cryptwerk.com/pay-with/xmr/
https://acceptedhere.io/catalog/currency/xmr/


>Say buh-bye to Bitcoin and support the growing number of Monero-only darknet markets/vendors

>AlphaBay
http://alphabay522szl32u4ci5e3iokdsyth56ei7rwngr2wm7i5jo54j2eid.onion

>Asur Market
http://asuradsh6gbnppvmsqyfumjdux7iwwo54w5tkgcdspjsnvcm6oepxvqd.onion

>Chimera Market (recently launched, exercise caution)
http://chimera4sbuapqzajx2d3sptk3sazz5gc5pzstaistvasegw3nepv3qd.onion

>Cloud Market (recently launched, exercise caution)
http://cloudfyy4q5qdgupqe4ne2pkccpy7xkizpntlaeopensdpy53ywswkad.onion

>FilthyFellas
http://filthygerfvjetqrkjg2mpsqhepmb2ndrhhj6n3266ju4xh6uir2kiad.onion

>Mellow Market (recently launched, exercise caution)
http://mellownx5c2tkrmrvvsnbfdnm3zvp6ozqdyuwwtgd7ivaae5noavwoad.onion

>Retro Market (recently launched, exercise caution)
http://retrom75eccxmlh2sg6xkfv4hp7y6nwoqkdilgckxqlvon4rmefk5nid.onion


>Want to support further development? Donate to the Monero General Fund or MAGIC Monero Fund
https://ccs.getmonero.org/donate/
https://magicgrants.org/funds/monero/

>Have a particular set of skills? Join a Monero Workgroup and (potentially) earn XMR!!!
https://www.getmonero.org/community/workgroups/

>Want more Monero-chan? Donate to the Community Art Fund
https://www.monerochan.art/

>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.

https://www.youtube.com/watch?v=YQ_xWvX1n9g

>No tail emission = Bitcoin is fucked

Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K. Post 2024 halving, that break even point, at the current hashrate, goes up to $44K. If BTC does not go to $44K, miners will be unprofitable and hashrate will have to drop (miners going out of business) to reduce the cost of securing the network, also reducing the security.

If you know anything about the power of 2, you already know that things get very big, very fast. If we’re 3 halvings into 32 total halvings, then the estimated break even point for miners at current hashrate going into the last halving would be:

$22,000 * (2^27) = $2,952,790,016,000 per BTC

$2,952,790,016,000 per BTC * 21 Million total Bitcoin = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings Bitcoin would eventually require a $2.95 trillion price per Bitcoin and a $62 quintillion market cap to sustain the current cost of $7.15 billion/year.

Even if these numbers were somehow realistic, can you imagine securing a $62 quintillion market cap on only $7.15 billion/year of hashrate? LOL.

And that’s assuming energy costs do not increase at all over the next 120 years, which they will.

So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.

https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

>>50503046
>>infinite supply
>it's worthless

Infinite supply over an infinite timescale, you unmitigated retard.

>>50503029
"Revolution"
"Crypto"

AHAHHAHAHAHAHAHAHAHAHA braindead fucking parasites you will all perish alongside your precious stock market and blockchain

>>50503046
current supply is around 18.2 million tho

>>50503133

Cool story, bro.

buy and use Monero (XMR)

https://www.youtube.com/watch?v=SLhFoD-ZFok

*****/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

Why is there a communist in the op post?

>>50503365
>Why is there a communist in the op post?

Looks more like a cypherpunk extremist to me.

>>50503365
>>50503393
this. Every Monero user is a cypherpunk extremist

>>50503365
>>50503393
this. Every Monero user is a cypherpunk extremist

>>50503430
Kim Jong Un is more libertarian than a libertarian who uses Zcash.

Im gonna mine monero on my phone nyaaaaah

>>50503639
184-187 XMR (1/100,000th supply before tail emissions)
Not a whale, but comfortable holding such an amount 5ever. Holding that much is really more a matter of security if/when XMR is adopted proper, and if it crashes and burns, well, people waste more on new cars.

According to coin gecko xmr controls approximately half of all "privacy coins" total market cap of 5.8 billion. What are your thoughts when hearing that? It seems to me like
>5.8 is a really low number but won't change for a long time
>xmr is poised to completely swallow all except maybe 1 or 2 competitors
>even if that happens its only a 2x unless the money starts flowing into privacy
Mixed bag for me at the moment I think this tamps down short term price targets drastically but the whole privacy sphere has lots of room to grow overall

>>50504076
Monero is not a privacy coin. It is a cryptocurrency.

>>50504076

I mean, its pretty obvious that XMR utterly dominates the privacy sector simply from the fact that Monero-only is the new standard for darknets.

Thoughts on the new ugandan gold

>>50503029
I heard BTC is getting private transactions soon Bros, I'm shaking is this true? Is it over monerobros?

>>50504241
>I heard BTC is getting private transactions soon Bros, I'm shaking is this true? Is it over monerobros?

Are they getting rid of the transparent blockchain? If not, you can safely disregard.

>>50504117
Yes, every other coin is an NFT surveillance coin.

>>50504289
No my friend just said it's making transactions private and that he sold some XMR for BTC, he's the one who introduced me to XMR first in 2017

>>50504310

lol as long as Bitcoin has a transparent blockchain it'll bever be taken seriously by OPSEC gurus.

Watch the darknet give 0 fucks and continue dumping BTC.

>>50504117
Strawberries are not berries, they are strawberries

>>50504478
>Strawberries are not berries, they are strawberries
Correct

Buy Zcash if you actually want to make it, Monerocucks are lying to you.

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

>>50504076
No current competitors are used for anything except speculation. They have no reason to exist that dog coins don't share.

>>50504471
Sounds like a bit of a cope friend

>>50504674

Ya think? I suggest you familiarize yourself with the OPSEC best practices and then count all of Bitcoin's red flags.

>>50504076
>What are your thoughts when hearing that?
There is no second best

>>50504602
Here you go bro >>50504696 I made you a thread. Let's see how much discussion it gets.

>>50504706
Is Tor on mobile even worth using?

>>50504706
>>50504804
And I mean just for reading forums

>>50504076
>What are your thoughts when hearing that?
The Monero's market share will go down since there are technically superior coins.

>>50504804
>>50504862

Just for reading? Depends on your threat profile, for most people its overkill.

Can you really imagine some billionaire falling for the "impenetrable online swiss bank account" meme when their fortune could be diminished by 50% over the span of a few weeks?

>>50504920
Well reading Dread specifically. Zero threat profile. I don't do anything else.

>>50504881
>The Monero's market share will go down since there are technically superior coins.

1. Monero's appeal is much more than just its privacy.
2. Monero is constantly upgrading its privacy and readily "steals" tech from other projects.

And now you know why Monero-only remains the emerging new darknet standard despite all the "technically superior" competition.

>>50504478
Privacy coin is a Jewish trick to make you ignore all of the other ways Monero has improved on Bitcoin.

Are we going back down any time soon?

>>50504977
>Monero is constantly upgrading its privacy
But is it going to upgrade the decentralization aspect?
Pools are a threat.

>>50504924
>Can you really imagine some billionaire falling for the "impenetrable online swiss bank account" meme when their fortune could be diminished by 50% over the span of a few weeks?

Cost of doing business, at least for the short-term. Long-term prospects are quite promising.

>>50504973
>Well reading Dread specifically. Zero threat profile. I don't do anything else.

You can't access Dread without Tor lol

>>50505052
>But is it going to upgrade the decentralization aspect?
>Pools are a threat.

P2Pool was just added to the GUI, it's going to take a while.

>>50504674
The cope comes from you not accepting the truth. If it's not at the protocol level, then it will never be fully private.

>>50504217
incoming freedom exports in 3.... 2.... 1....

>>50505081
lol sorry I should have specified. I mean security wise. Like running Tor on Android can't be nearly as good OPSEC as I've seen laid out.

>>50504602
>reported for commercial advertising
Zcash losers spammed the report function. Maybe we should make them a thread every timr they try post in ours.

>>50503029
Privacy is not just an illusion; it’s a delusion. Things like privacy statements and permission to use cookies are little more than sophisticated propaganda. If you think for a moment the Overlords cannot prepare a dossier on you within minutes that would make your mother faint and your father die of shame, you’re living in fantasy land. You have no idea how much data they store on individuals, and not just credit card purchases: tracking data, telephone conversations, text messages, anything you ever posted on the Internet. It’s a devouring machine. Get in their way, and you will find out how much they know about you. It has been this way for a very long time. This is nothing new. And yes, they really can turn on your cell phone camera and microphone at will without lights, so long as the battery is attached. And VPN? I laugh when I think about VPN. There is no cryptographic protocol used on the Internet, that the Overlords who brought all these technologies out in the first place, cannot decipher. None. The only way to live with this level of privacy evasion is to accept the reality of it. Stop thinking you are ever alone. Out in the middle of nowhere with no electronics on you? Maybe

Is there any usable archive that includes /biz/?

>>50504924
>Can you really imagine some billionaire falling for the "impenetrable online swiss bank account" meme when their fortune could be diminished by 50% over the span of a few weeks?
billionaire Michael Saylor says you need a Monero https://youtu.be/ccJ33hLaMF0

Also pic related had all his money in Monero so the feds had to assassinate him for not paying taxes https://odysee.com/@cryptoanarchy:2/john-mcafee-01:c

>>50506049
this

>>50505219

You're overthinking things. Relax.

>>50505941
>Zcash losers spammed the report function. Maybe we should make them a thread every timr they try post in ours.

Good idea. Makes sense now that they never dare start their own General, it always ends up being nothing but ZEC blackpills hahahahaha

>>50505965
checked

>>50506049

Monero is crabbing again. Is this a good time to buy?

is ANSI bro around? did they ever link the monerochan file? I wanna add it to my server motd if that's ok

>>50509657
always a good time to buy

>>50507289

Rope yourself, faggot. No amount of FUD can stop Zcash's inevitable rise to the throne, slow and steady wins the race and we have all the patience in the world, not to mention a dev team that is literally the best if ALL of crypto working on tech that nobody else can match.

Every dog has his day, and the day of the Zebra is coming, guess you'll just have to learn the hard way.

Shoutout to all my lurking Z-chads, we got this.

>>50509789
if yall have so much patience why are you in here everyday telling us soon™
when Zcash takes over we'll hop right over into your biz general and say sorry. until then stay in your own posts

>>50509789

lol here's what will actually happen: Monero steals Zcash's "superior tech" and continues being top dog.

You may now continue coping, seething & dilating.

>>50509936

Cant steal shit, the license prohibits it. Try it and we'll sue your ass into the ground.

>>50503046
same with gold! we'll be mining infinite asteroid gold in no time, and it's infinite supply, so therefore gold should be like $10/oz
>I am very smart!

>>50509789
>slow and steady wins the race
try putting some gas in the tank first

>>50510033
>sues the Monero Foundation

>>50510033
>Cant steal shit, the license prohibits it. Try it and we'll sue your ass into the ground.

lmao sue who exactly? The Monero CEO and Board of Directors? :D

Exclusivity clause expires in 1 year anyway. Thanks for beta-testing our next potential upgrade.

>>50510033
>Cant steal shit, the license prohibits it. Try it and we'll sue your ass into the ground.
bahahahaha

>>50510208

Say goodbye to your github repository then, they don't take too kindly to licensing violations.

And who knows, we might even go after the Monero subreddit as well....

>>50510033
comply harder, faggot

>>50510609
Like we care about github and reddit
it's called gitea.io and join-lemmy.org
I know you centralized fags are not used to these type of tech but get used to it

>>50510609

Are you fucking retarded or what? I already explained that the exclusivity clause expires after one year.

>The Halo 2 and Orchard implementations are licensed under BOSL, that does not allow third parties to use the Halo2 code until after the grace period expires.

Since the next upgrade is Seraphis, the grace period will have long expired by the time Halo comes up for consideration, and that's if we even go with zk-SNARKs in the first place. STARKs are absolutely the superior option, assuming proof sizes have been optimized.

You faggots make the mistake of assuming that XMR is an unchanging monolith like BTC. It ain't.

We've got an entire R&D dept (MRL) dedicated to scanning the literature and actively monitoring cryptography developments in case something potentially useful becomes available, its precisely how all that outside tech ended up in Monero. We have absolutely ZERO qualms about using other people's code if its properly audited and fits the bill, Zcash's code is no exception.

So cry me a fucking river as you watch helplessly from the sidelines.

>>50509789
https://www.youtube.com/watch?v=JWkxGj9RpTU

Using some of my M*ner* pedo money to swap it for CHAMP (ultimate champions) on release day im tired of this shit and its little kooolkidzklub community

>https://www.monerochan.art/
1st cosplay photoshoot is finished! Another one is still in the works. Thanks you donors!

>>50512149
BASED

Check the WOW charts.
I mocked you YESTERDAY for not having as much WOW as me.

>>50512149
Fukken saved

>https://www.monerochan.art/cosplay1.html

>>50512149
Incredibly based

>>50510986

Cope. Zcash will overtake Monero before any such upgrade.

>>50512904
At least we know how our coin works

>>50512904
>Zcash will overtake Monero before any such upgrade.

looooooool on the basis of what exactly? Zcash has no darknet adoption, no street cred, no social media traction but you're somehow going to magically shoot past Monero ANY DAY NOW!!!!!

You trannies are as delusional as the maxipads who believe BTC will kill central banking.

>>50512904
>Zcash will overtake Monero
By what metric? Dark web dominance? Ransomware usage? Amount of private transactions? Amount of Bitcoin maxis converting to it? The decentralization of the network, mining, and development? The size of the community? Merchant usage? The amount of actual cyherpunks? Conferences and conference speeches?

Or by price? Is that what matters to you? If that's what matters to you, you should buy some shitcoin that you will surely find by going outside of this thread.

>>50512904
Shlomo, stop shilling your Z-Trash coin here.
Do you seriously belive one single Monero user will adopt to a botnet Z-Trash coin when Monero is of epic magnitudes more based and privacy protecting?

If you do think Z-Trash as any future or adoption in the market, go open a Z-Trash general and see yourself how fast this htread will get archived.

20 / 14 / 3 / 11 in less than an hour i guess.

>>50512149
>>50512424

>>50512149
>>50512424
Nice work, still kinda strange to see Monero-chan in 3D

>>50513158

By the institutional adoption metric. Monero is toxic to Wall Street while Zcash has already laid the regulatory groundwork necessary to accept TRILLIONS worth of capital flows.

You can"t get more bullish than that.

>>50513622

"muh institutional adoption" is a meme, that shit will belong to CBDCs, not crypto, which is why darknet & criminal adoption are so critical for privacy coins.

Oh yeah, you don't have any, Zooko would have an aneurysm.

>>50512149
>>50512424
nice

zcash bad

>>50505965
sweet demoralization post still gonna use monero and I don't need to post behind a VPN to say it :^)

>>50505965
>You have no idea how much data they store on individuals

uh actually yes i do. last time i requested my data from google it was a 64gb folder ;)

>>50504602
Any basis for your assertion, sucker? Railgun leads in the world of Prifi, not token gated, no need for asset conversion, I don't have to spoonfeed you. DYOR

>>50514092
What makes it bad? I dont use it though, I use the Rail web app because it enables me shield my balance and make completely anonymous transactions across multichain

>>50514665
>>50514827
In case you didn't notice, no one's buying/using that retarded token either. Fuck off pajeet.

>>50514593
that's actually astounding they'd waste 64gb of disk space just keeping track of what you like.

>>50514827
>What makes it bad?
1. CEO
2. Cemtrally controlled encrytion
3. Encryption otional and not per default
4. Encryption can be compromized at any time the CEO thinks it is a necessity to give infos to western dictatorships
5. No organic market adoption
6. No one uses it to buy/sell stuff with or for it.
7. Desperate mooners who spam XMR Generals on channel4 (which puts them on my personal assasination list).
8. Glownigger Coin

>>50504924
There are several Russian billionaires who got their wealth cut to zero in a day, so I'd say yes

>>50515272
pouring one out for Ivans utterly obliterated pockets.

Google Zcash for the truth about the real #1 privacy coin, you won't get the full picture here.

Why you guys need to run your own local node..

>>50516682

>>50516689
>>50516682
also if you haven't, watch the Breaking Monero episodes on remote nodes and chain reaction attacks, it explains these kinds of attacks in greater detail

THE MONERO MOON (ISSUE 51) IS OUT NOW!

Grab a coffee or a beer and kick back for a read.

Like, share, subscribe, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://www.themoneromoon.com/p/the-monero-moon-issue-51

>>50503110
Dont the BTC minings vote on blockchain improvements? So if this happens they will vote to change BTC

Kek
https://nitter.net/HavenoDEX/status/1550467841635356673#m

>>50512149
>>50512424
>>50513540
3dpd
Tits or gtfo

>>50512149
wtf is this? Monerochan is clearly a white hapa with big booba. At least get her hair right its her only defining feature. Also fix your nails skank.
>>50520077
this guy gets it
2/10
imagine spending precious monero for this

>>50512149
>>50512424
>tranny spic
>monerochan
choose one.

>>50513622
>By the institutional adoption metric
Big institutions don't have any other reason to invest than to pump AND dump it. Funnily enough that wouldn't be the first time Zcash was pump and dumped. Anyways, keep coping with the fact that Zcash won't ever get see true organic growth, so it will never enable privacy, or yet alone threaten the status-quo like Monero already has.

>>50518659
>Dont the BTC minings vote on blockchain improvements? So if this happens they will vote to change BTC

lol yeah, after all the damage has been done.

>>50518659
>Dont the BTC minings vote on blockchain improvements? So if this happens they will vote to change BTC
It's more complicated than that, and other parts of the ecosystem partake in the general decision making process, even if that process is censored, corrupt, or otherwise manipulated (see the entire reason as to why r/btc even exists, that's one nice rabbit hole to go down). Also why would you assume that miners would want to go through the hassle to try to implement a change that is largely unpopular with the rest of the ecosystem (see the fixation on the 21 million mark), and simply not swich chains/sell the hardware while they can. However, I would guess Bitcoin mining becoming unprofitable and fees getting higher, and the hashrate going down would occur over several halvings, thought I can see a point where the transactional fees growing, could create a snowball effect of people doing less transactions, less transaction meaning higher fees, so less people do transactions, etc.

But there are many factors at play here, so we'll see. Maybe they change their minds, maybe Bitcoin goes to 0 or has other significant problems and/or transformations before that point. Maybe companies and VCs in the ecosystem with large stakes in the LN will increase fees on the LN to subsidize L1 mining. It is the far future after all, but I would not be surprised if this problem will become more prevalent as 2024's halving is approaching.

>>>/wsg/4645390

>>50520263
theres another shoot coming up with a different model which will have the hair + booba.

>>50519529
i don't get it

>>50504642
based

>>50523670
holy based

bump

>>50524814
rip king

>>50523670
I'm falling in love lads.

Monero bros I don’t feel so good

>>50525775
why not? you DO withdraw your coins from exchanges, right?

>>50525775
this has literally nothing to do with monero

>>50518575
Thanks John, I'mma have a beer when I read this later.

monerobros, what sort of opsec do you use to hold your precious moneros?
I currently use trezor but am considering moving away from hardware wallets. i don't want to be reliant on a third party company (trezor)

>>50519529
What the hell is beldex? Is this an exchange sponsoring a "distributed“ exchange?

>>50526045
this shit is rank #3024 on coinmarketcap
>https://coinmarketcap.com/currencies/beldex/

>>50525775
If you leave your funds on exchange when literally everyone tells you to immediately withdraw them, you deserve everything you get from it.

>>50523795
Accepting money from scamcoins further devalues the legitimacy of this project.
First they wanted to integrate zcash right after very controversial CoC, then they stopped working on the GUI that the community funded cause xmr price is now low and this.
Honestly it's a joke of a project.

>>50526036
My personal setup is
>watching only wallet on Windows 10
>actual wallet in LUKS partition that's only accessed from a secure Debian installation (more details later)
>backups of wallet in LUKS on flash drives
>more backups encrypted with my PGP key and stored on remote servers
>my own full node running through Tor on a server I own for synchronization
My Debian installation is not cold storage, but I'll probably migrate to that eventually. I only ever access the LUKS partition if I really need to for some reason. I regularly check for strange activity on my home network and run p2pool on my server that hosts the full node so I can help support the network.

Overall, my main concern is losing access to the wallet by losing the private key/mnemonic so I put most my effort into making secure backups of it and storing them in different locations. I'm not the type of person to visit shady websites or download things willy nilly and I live alone, so hackers aren't a large concern. In the event that I am hacked, they'd only have access to the watching only wallet anyway (unless they can crack the passphrase on my LUKS partition, which is unlikely).

Be honest, do you only use Monero for buying drugs off the dark web?

>>50526520
ive bought other things besides drugs with it. once.
and my friends and i send each other money with it like venmo

>>50526520

Free market enterprise is a beautiful thing.

>>50526520
I use it for
>sending money to a friend of mine across the country since he's poor and I'm basically his sugar daddy
>buying crypto related merch (inb4 cringe)
>paying for a VPN subscription that won't take my credit card for some reason

>>50526497
thanks anon, seems like a pretty ideal setup. probably too complicated for a technical retard like me though

>>50527044
It's all about baby steps, anon. If you'd like a project for this weekend, you should learn how to use a Linux distro. Debian is a pretty popular one for people to use and it's easy enough to get started with, so you could try installing it on a virtual machine or an old computer to play around with if you're into that

>>50527188
I have an old macbook lying around, seems worth trying it. thanks anon

>>50527243
>Debian nonfree
>Linux Mint
>Pop OS
>Ubuntu

all pants-on-head retarded easy to get set up.
Installing to a virtual machine will be different than installing to hardware, if you're worried about messing something up, try installing to a USB drive that's plugged into the machine so you don't even touch the machines hard drive until you're ready.

>>50520263
>>50520308
the best thing about monero is that you can spend it on whatever you want. If either of you manage a better photoshoot, I throw in 500 mXMR

MoneroChads, we finally passing a meme coin in transaction, we did it!

>>50526036
Trezor is open source last I checked(or was it ledger?) so if you don't trust the device itself you can build your own. Outside of that the most similar option seems to be a pi zero on your local network with Monero cli wallet that you only have SSH access to. With that setup I don't believe the private key ever leaves the device

>>50516682
>>50516689
I run my own remote node that is public for anyone to use

>>50525775
>Account created: March 2022
who the fuck cares about this faggot?
twitter has been shrieking this since celsius

when're we getting rich lads

>>50529074

Next Thursday, moonfag.

Today has been my single most profitable day mining ever and the sun is still out

>>50528235
what website is that again?

>>50529191
https://bitinfocharts.com/
the specific chart is https://bitinfocharts.com/comparison/transactions-doge-xmr.html#alltime

>>50526092
Damn, this haveno project is such a joke now. No one should be taking it seriously.

>>50529305
thanks i was trying to find that site the other day. i like the simplicity of it compared to other sites

>Reasons uploads "Bitcoin Must Become Untraceable"
>Comments are just use Monero
The flipping is happening now

>>50529754
https://www.youtube.com/watch?v=gIYiXbLRy1c

>>50529754
>The flipping is happening now

It'll take a while for maxipads to catch on but yeah, BTC is coasting purely on hype now....and that will eventually run out.

>>50526520
I've only used monero to donate to the art fund. Too paranoid to buy anything illegal.

I just sold 60% of my XMR bag for BTC

WOWNERO SISTERS WHAT IS GOING ON?????

WE ARENT SUPPOSED TO PUMP YET

>>50512149
>>50512195
>>50512409
>>50512466
>>50513481
>>50513540
>>50513859
>Monero threads have become infected with coomers who will willingly give XMR to a woman.
Holy shit, this is bearish.

In other news, anyone want to give their ideas for achievement names for the BBS? Different rankings for people based on their number of logins, posts, etc. This is the default list that I'm working from:
https://github.com/NuSkooler/enigma-bbs/blob/18f241f03edecbd8244aedd41c02486b3187690f/config/achievements.hjson

>>50532223
She's cute though.

>>50532223
Women are based if their dads aren't fags.

>>50533471
I agree, but this is 4chan. And the based ones probably aren't cosplaying online for internet money.

>>50513158
The number of tokens or assets that Monero can keep anonymous is limited and it is also token gated unlike what you have with Railgun. GTFO

>>50534299
Go spread your diseased token somewhere else

>>50531714
Bc of the BTC privacy thing? Idk how legit it is, guessing it's fake news

I <3 Monero-chan

>>50534576
>the BTC privacy thing
What thing?
What are they promising this time?
LN is no longer cool?

>>50532223
*to a tranny spic 3dpd.

>>50534965
me too, bro. Fuck 3dpd. And fuck paying tranny spics for cosplay.

>>50534299
yes, and the BTC blockchain turns into Ethereum when saved on a mechanical hard drive since the 7300 RPM creates a way too high G-force, that will slowly change the blockchain.

>>50534299
>The number of tokens or assets that Monero can keep anonymous is limited and it is also token gated unlike what you have with Railgun. GTFO

No matter how hard you try, Failgun will never be a thing.

>>50520077
>>50520263
>>50520308
>>50532223
>>50535097
>>50535131
not saying you guys are wrong or anything but what did you expect when people donated to "Cosplay Photoshoot"?

>>50532223
>>50537084

>>50532223
>coomers who will willingly give XMR to a woman
By the way all the Monero went probably to her boyfriend and he was the one taking the pics

>>50537099
Ugly. Ugly. UGLY.

>>50537084
They are mad that the woman cosplaying monerochan is utterly out of their league.

>>50537099
I find this one cute.

>>50537135
Her boyfriend is a pimp who whored her out?
Noice

>>50537099
Tried remaking it with the hands visible, and the cover hopefully better cropped.

>>50538879
>hands
It's a dude, ffs.

>>50538879

Nicely done.

>>50537099
checked
>hip-waist-ratio
tranny

>>50538922
>>50538936

>>50539028
what?

>>50539052
The (lack of the) Adam's apple. It is visible in males, including trannies, while not so much with females. This is why you'll see trannies walking around in scarfs, chokers, or otherwise cover their necks. Although it can be surgically removed it's uncommon, so I usually use this as my one look gender identifier.

>>50536636
Kys, Railgun is already a thing.

>>50539116
It's not uncommon for men to not have Adam's apple. Digit ratio is a better indicator.

>>50526520
If it's as simple as maintaining full autonomy over transactions on the chain, then it's worth it.

>>50539237
This. I'm a man and I don't have an adam's apple. The more reliable indicator is the recession in the frontal bone. Also, as some pointed out already, the shoulder to hip ratio.

did we get rich yet lads?

>>50534560
Obviously ignorant. You don't even need the tokens to use the system. That's the absolute definition of permission less protocols and that's how privacy solutions are meant to be.

>>50535022
nah there's a privacy protocol being built on top of BTC after the taproot upgrade last year, their testnet already works

>>50539929
Buy mETH or DAI with XMR. Problem?

>>50535131
she isn't hispanic you retard, lol

>>50540613
and she isn't a tranny.
stop looking at porn. She isn't a 10/10 but she's cute. stop being a sperg.

>>50540625
Yeah, just one glance and you'll know that's she's a bona fide female.

europoor here, which cpu should i get to mine xmr and to use as a space heater in case of gas shortages in the coming winter? is the 5950X still the best choice? or should i get a more powerful server cpu? i really don't care about ROI, just want to support the network and have a heating alternative.

>>50539237
this ultra based monero chad went out and spent his xmr to organize a monerochan photoshoot and your gonna be upset about the woman used?

wownero holders need to capitulate and fill my god damn buy order right now!!!!!!!

>>50541102
I'M NOT FUCKING SELLING

I just came back from a BTC Maxi circlejerk thread.

The "competition" is woefully uneducated.

>>50539972
How private is it?
I doubt it will change the DM adoption but it might create new FUD

>>50540936
Ryzen 3950x's for the best cost per hash

Ryzen 9 5950x's for raw speed.

Of course you could get better results with a threadripper but I doubt you've got like 5-6k to drop on a single rig (and that would be kind of dumb anyways)

>>50541531
>How private is it?
optional privacy - same as on litecoin. privacy set is way bigger on monero and it's private by default so harder to fuck up unless you literally give your keys away.

>>50541555
If you go for the 5950x's, I'm using Noctua NH-D15 coolers (with the included thermal paste) and they do a really good job of shedding heat into the room, It's been near 100*F all week, they're on the third floor of a house where all of the heat gathers and they still don't crack 60*c, I'm more worried about the mosfets on the board than the CPU ever overheating. Didn't have a lot of cold weather after I set it up to really test and see if it makes the place warmer but I consistently feel a wall of heat venting out of the side when I stand near it so I'm optimistic for this upcoming winter.

>>50541515
Maximalism impairs things such as technology. It repeats the same foolishness ad nauseam, becoming stagnant and therefore surpassed by the superiority provided by open-mindedness and innovation.

>>50541515
>I just came back from a BTC Maxi circlejerk thread.
>
>The "competition" is woefully uneducated.

lemme guess, "muh layer 2 fixes everything"?

>>50541510
Thankfully someone else did. Whew.

>>50540940

>>50541563
>same as on litecoin
Except the fact that MW has already been broken:
>https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52
>https://scribe.rip/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52 (uncucked version of medium)

Quoting from the article:
>Using only $60/week of AWS spend, I was able to uncover the exact addresses of senders and recipients for 96% Grin transactions in real time.
>The problem is inherent to Mimblewimble, and I don’t believe there’s a way to fix it.

>>50541515
Holy shit that guy's retarded af. inb4 I don't give a damn about privacy
I wonder how many sats he has

>>50542563
add kucoin

A rough version of http://monero.place is now up! I don't have games enabled yet, but so far message boards and mrc (similar to irc) are up, and you can connect via telnet, ssh, or over your browser.

We need a LaughingWhores.jpg but monerochan and wownerochan so we can react to shitty privacy tech takes with a bit more zeal.

>>50543314
Also, feel free to write whatever in the name fields, leave email blank, etc. It's part of the default setup, but I don't require account verification.

>>50543343
I would donate. Excellent idea, anon.

>>50541751
Tell us a little more about the rig, mainboard, RAM, how much of it, SSD, which one and size.
OS, mining client, if you mine P2Pool Mini or Main or if you mine Solo or are you mining in a pool and what hashrate are you getting out of it.

How many payments do you get per week and day and so on.
Would also be interesting to know how much the entire rig pulls in terms of wattage.
It's so hard to find detailed infos about it. All i find is the ranking list from xmrig.com

>>50544508
https://pcpartpicker.com/
https://www.logicalincrements.com/
https://www.cpubenchmark.net/cpu_value_available.html

>>50543574

Same

>>50503029
OP! TIS PIC IS PERFECT FOR EVERYTHING BUT MONERO lol

>>50544772
Nice links and thx for them, but they don't tell me the hashrate i get for mining Monero with a Ryzen 9 5950X.
And that's what i'm mostly interested. What do we practically get when we use Monero GUI P2Pool Mini vs. CLI version vs other miners and applications.
Since i don't game or anything, gaming benchmarks or synthetic benchmarks only tell me a tiny part of the story.

There are three major problems facing Syscon’s blockchain technology. They are Decentralization, Scalability and Security. Truthfully, this trilem hasn't even been solved by ethereum as anyone who has paid a transaction fee lately can tell you.

>>50545269
Running p2pool and xmrig in a linux env with huge pages would gain the most hashrate
You can use xmrig's benchmark page to compare chips, and rely on those with a relatively high sample rates

>>50545269
https://xmrig.com/benchmark?vendor=amd

>>50543343
That's a great idea, we should try to make more images of Monero-chan that are easily meme-able

>>50544508
I've got two of them and they're basically the exact same setup
Hardware-
>5950x
>Noctua NH-D15 cooler
>Corsair Vengeance DDR4 (one has 3200, one has 3600. Minimal difference noted in hashrate, maybe 350H/s faster on the rig that has the 3600)
>Gigabyte Micro ATX mobo


Software-
>booting Artix OpenRC from 32gb USB
>compiled my own XMRig binary for 0% dev donation fee
>Mining in Hashvaults TOR mining pool
>init scripts to auto run everything on boot so if they go down for some reason I just hit the power button
I want to write some kind of watchdog script that will reboot the machine if hashrate falls below X number

Performance-
I have payouts set to 0.005 per payment, which tends to take ~1 day (I was aiming for about 1 per day, literally no reason just arbitrary)
>Hashrate is a consistent 28.5KH/s, I could push them faster but then I can run into problems, I'd prefer slower and steadier, less intervention.

As far as electricity consumption I can't be bothered to measure it because I don't care but doing some back of the napkin math I want to say those two are pulling maybe 350-360 watts collectively.

>>50547190
oh yeah and some Corsair PSUs as well.

>>50543343
>>50543574
>>50545221
Bumping with willingness to donate

is this finally the dump

>>50526767
>tfw no friends that just send me monero

>>50543343
Will donate 0.1 xmr to this idea.

>>50543343
I had thought about doing this a while ago but I guess it fell off my radar.

>>50539250
Indeed, option to shield txns should be available across all chains.

>>50539976
How about tokens on other chains besides eth?

>>50547190
Thank you for the details. Much apreciated here.
I'm planning to build a mining rig on the same CPU. That's why i'm asking.
I will screenshot your comment and see if i can get the same parts as well.
I like that it's a micro ATX board. Takes less space.

Sats are looking good in this pullback. Monero has been showing real strength this whole year.

>>50539216
Arguably one of the best emerging on-chain privacy systems.

Buy Zcash for truly epic gains.

>>50512904
Hmmm

Zcash.

Bizzump

>>50549444
Check’d

Fuck you

>>50549396
>Zcash.

Simps for central banking. Utterly disgusting.

>>50550482
I really don't understand the "optional privacy" argument. You can use the prove/check tab in the monero gui if you want to show someone that a transaction occurred. You can even give someone a view-only wallet if you want them to see everything.

How the hell did the government collect taxes before online banking?

>>50550616
They threatened the employers.
Before that? Taxes were through tariffs, so they just monitored the port and charged accordingly. Income Taxes are a 20th century invention because the founding fathers had income taxes be unconstitutional. Boomers' grandparents voted to start having their income taxed because it'd help make America super dope, but all it did was fund the deep state.

>>50538879
thank you anon, I just had to sketch that idea somehow, it looks perfect!

>>50549396
>ZCASH
>is pure sex
>butt sex

Imagine if XMR had a MC above the most obvious scams.

>>50551370
Only a matter of time

>>50503029
The XMR/BTC ratio has been holding quite strongly over the last couple of months. It's interesting to me.

Any reasons for this? Market/people finally waking up to the fact that transparent ledger makes little sense?

>>50552907
https://www.youtube.com/watch?v=U06jlgpMtQs

>>50542705
well, i'm not claiming that mw is a good solution to the problem. as with anything ltc/btc related it's nothing more than a half-assed patch. i hope they improve in the future.

>>50550616
it makes as much sense as claiming monero isn't optional privacy too.

the fact is a minority altcoin that has one and only one feature, privacy, can't offer you any more plausible deniability than using something like tordano cash, any of the "optional" privacy altcoins, or even mixing services and technologies on bitcoin.

>>50542705
you don't see the irony when ring signatures have the exact same fundamental weakness, and have been being exploited in this way with fake outputs for 2 years now?

mw is shit, but so are ring signatures.

>>50503393
Sexy pool: shame about the thot.

>>50510999 (trips of truth)

>>50553525
>have been being exploited in this way with fake outputs for 2 years now
Citation needed.
The IRS bounty is yet to be claimed

>>50549396
Fixed it. Don't be a fag.

>>50532223

>>50553853
>he trusts the same government that brought you the greatest mass surveillance operation ever seen to out their own capabilities

why are you all such heavy copers?

>>50553971

Because we understand how Monero actually works in practice.

>>50553525
>you don't see the irony when ring signatures have the exact same fundamental weakness
The interception of of transactions in their non-private form with a supernode? The privacy models of MW and Monero are fundamentally different and even the article explains this if you would have read it, thought it has outdated ring sizes.
>and have been being exploited in this way with fake outputs for 2 years now
Anything to back that up? With Monero growing both in transactions and ring sizes, dust attacks are less and less possible and even with fake decoys you would need to control at least 65% of recent UTXOs just to start seeing an effects, and that is quite frankly fiction at this point. The guys are over at the MRL have already looked into it several times over the years, seriously feel free to ask them. Dust attacks *were* a problems just in the early days of Monero but even then I haven't heard anyone actually went through with it.
And don't come with the "tHeY aRe HiDiNg It" as that is literally not an argument, look it up.
>>50553853
>Citation needed.
When heavily censored and biased Wikipedia has better academic standards than Zcash fudders. That's a new low.

>>50541751
>I'm more worried about the mosfets on the board than the CPU ever overheating
wouldn't it be better to use a huge top-blow cooler instead of the nh-u15? tower coolers provide almost no cooling to mainboard components around the CPU.

>>50554203
They're on a plastic shelf basically in the open air and I keep the air in the room circulating, I spent the first week or two SSH'd in keeping a close eye on sensors and they don't hit dangerous levels unless I overclock and also try mining on 31 of 32 threads.

Now I keep it at default clock and only run 28 threads and it's stable. I'm sure over the years I'll beat these mobos to death but it's really just the cpus I want to save.

Why aren't you buying Zcash?

You do realize it is the superior coin, right?

>>50553525

Q4T. Monero is ratting on its users, unlike Zcash.

ZKP or bust.

>>50550773

Zcash sex is so good you just cant ever go back.

>>50543343
Would be aesthetic to see them together giggling and jiggling.

>>50526520
y'all got any job openings? What is the starting pay?

>>50526520
Society, which we live in, is so pozzed that 15% of young people don't have even one friend.

>Znigger shilling intensifies
Bros it's feeling bullish in here

>>50555539

Cope harder, faggot. Zcash is objectively superior and no amount of namecalling will change that.

ZKP or bust.

>>50556071
>ZKP or bust.

FYI Monero uses ZKP.

Dilate more, you'll feel better.

dud this bater tarded?

>>50556333

Nice trips

Is there anybody in XMR who would know how to get monero integration with businesses on Koschertified grocery lists? Not sure what would be the first business move to get more NKC products available to XMR payments. In case it needs to be said: paying the kosher/halal tax sucks quite egregiously. http://www.koschertified.com/

>>50556333
Buntin Schoolhouse Road, Manitou, Kentucky.

>>50556435
what in the fuck is this website

>Trusted technology, growing adoption

Zcash was launched by one of the most respected technical teams in the world.

Zcash is the 'https of blockchains,' protecting your freedom to save and spend as you like.

Zcash was the first project to implement zk-SNARKs, a novel form of zero-knowledge cryptography that gives its users the strongest privacy available in any digital currency.

Multiple, independent organizations are funded to innovate on Zcash.

Zcash is already available on top exchanges, digital wallets and a growing number of applications.

>>50556712
Can you stop? Or go make your own thread. I'm certain you don't even hold zcash.

>>50556723
He's probably paid to do it or at least I hope he is, this is damn pathetic if it's just some pajeet who got scammed into shitty tokens.

I just sol all of my XMR.

You may now attain $500

>>50541751
Did you use the curve optimiser in the PBO2 settings of bios? Try to get to -20 setting stable it'll lower your power draw and also heat output and hash should be maintained perhaps even improved. Even -10 all cores will lower heat and power draw.

>>50556974
I only ever fucked with manually setting clock speeds, slowly ramped up until I hit a "sweet spot" but ultimately it was unstable, I'll give that a try when I get the chance later on, though.

>>50554203
Noctua tower designs and fans are best in class. Your pic is a scythe ninja low profile cooler (or similar) and they are not designed to remove the heat from a 16core ryzen. I case my rigs so I can option in 240-280mm AIOs which are often on sale and a lot cheaper than the big dual tower air coolers from noctua and similar brands. Good cooling gives plenty of headroom for the CPU to hash without getting throttled.

>>50556723

Noooooo, not a viable competitor, anything but that!!!!

>>50557011
Also try a cheap wattmeter wall plug so you see actual power draw at the wall for each setting change.

>>50557233
if it was viable, it'd have its own thread

>>50557570
fucking rekt

NEW THREAD: >>50557779
>NEW THREAD: >>50557779
NEW THREAD: >>50557779
>NEW THREAD: >>50557779
NEW THREAD: >>50557779
>NEW THREAD: >>50557779

>>50556644 (checked)
This is a /biz question not a tech matter.