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/biz/ - Business & Finance


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58505176 No.58505176 [Reply] [Original]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!

Monero is secure, low-fee, and fungible, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT ensure that Monero's blockchain is obfuscated -- In other words, the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a user willingly providing a view key.

Monero has also improved upon the scaling downsides of current popular cryptocurrencies. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier to entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward gradually approached 0.6 XMR in June 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.

XMR Redpill: https://yewtu.be/watch?v=wq6w03E2DS4

XMR Stats: moneroj.net

USE Monero: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Bitfinex

>Non KYC:
LocalMonero
Morphtoken
Bisq
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo

>> No.58505183
File: 577 KB, 1298x900, 162614854231641471.jpg [View same] [iqdb] [saucenao] [google]
58505183

PREVIOUS THREAD: >>58404650

>> No.58505186
File: 888 KB, 1568x1080, P2Pool.png [View same] [iqdb] [saucenao] [google]
58505186

START MINING IN P2POOL
>START MINING IN P2POOL
START MINING IN P2POOL
>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 shut down/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. Once P2Pool reaches & maintains 51%+ of the total network hashrate, Monero will be essentially invulnerable to such attacks.

Although many inexperienced miners think that bigger pools give better profits, this is absolutely NOT the case. Your profits in the long run depend ONLY on your hashrate, NOT on the pool's hashrate.


>YOU CAN NOW MINE IN P2POOL FASTER & EASIER THAN EVER BEFORE WITH THE GUPAX GUI. USES TRUSTED REMOTE NODES BY DEFAULT!!!!

1. Download the *bundled* version of Gupax for your OS here: https://gupax.io/downloads/
2. Extract somewhere (Desktop, Documents, etc)
3. Launch Gupax
4. Input your Monero address in the [P2Pool] tab. USE A SEPARATE MINING-ONLY WALLET!
5. Select a Community Monero Node that you trust, although you can and should run your own node if possible.
6. Start P2Pool
7. Start XMRig

VIDEO GUIDE: https://gupax.io/guide/

You are now mining to your own instance of P2Pool, welcome to the world of decentralized peer-to-peer mining!

>NOTE THAT DUE TO BOTNET SHENANIGANS XMRIG IS AUTO-FLAGGED AS MALWARE BY MOST ANTI-VIRUSES, SO DON'T FREAK OUT!!!


OLD GUIDE FOR P2POOL MINING FROM THE MONERO GUI WALLET: https://pst.klgrth.io/paste/eecbe

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

>> No.58505194
File: 65 KB, 560x558, TakeThePill.jpg [View same] [iqdb] [saucenao] [google]
58505194

*****/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

>> No.58505200
File: 1.47 MB, 1920x3246, CypherpunkManifesto.png [View same] [iqdb] [saucenao] [google]
58505200

Never forget what this is ultimately all about.

https://anarkio.codeberg.page/agorism/
https://freedomcells.org/

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

https://monerica.com/
https://moneromarket.io/
https://www.reddit.com/r/moneromarket/new/
https://kycnot.me/?t=service&q=&xmr=on

>Live off XMR with Cake Pay (now available in 140+ countries!)
https://cakepay.com/

>or with CoinCards (currently US & CA only, UK, EU & AUS coming soon)
https://coincards.com/


>Monero stickers for guerilla marketing
http://monerosupplies.com/

>Monero-only VPS hosting
https://kyun.host/

>Monero-only bullion shop
https://monerometals.com/

>Buy on Amazon with XMR!
https://monezon.com
https://peershop.app

>Win XMR!
https://monero.vegas/


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

# = recently launched, exercise caution

>Alias Market #
>Archetyp
>Asur Market
>Babylon #
>Calypso #
>Candy Haven #
>Chimera Market
>Cloud Market
>Cypher Market
>Dark Matter
>DrugHub #
>DrugTown #
>Drugula #
>FilthyFellas
>Gofish Market #
>Gramazon #
>Hectate Market #
>Mercury Market #
>Pygmalion's Refuge
>Retro Market
>Smackers
>Sonanza Market #
>Squid Market
>SuperMarket #
>Tribe Seuss
>Whales Market #
>Wizard's Palace #
>World Trade Center #
Links: https://pastebin.com/raw/fF95wTNi


>LocalMonero is now available on I2P
http://lm.i2p/nojs/


Anonymously exchange BTC for XMR using a reputable darknet service

>Majestic Bank
>Infinity Project
https://pastebin.com/raw/75mVpfED


or a reputable clearnet service

https://trocador.app/en/ | I2P: http://trocador.i2p/en/
https://xmrswap.me/
https://unstoppableswap.net/


>Want to support further development?
https://ccs.getmonero.org/donate/
https://monerofund.org/

>Join a Monero Workgroup and (potentially) earn XMR!!!
https://www.getmonero.org/community/workgroups/

>Want more Monero-chan?
https://www.monerochan.art/

>> No.58505211
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58505211

START RUNNING AN I2P NODE
>START RUNNING AN I2P NODE
START RUNNING AN I2P NODE
>START RUNNING AN I2P NODE


>What is I2P?

I2P is an anonymized P2P overlay network akin to the Tor network but with several key advantages over it. I2P will thus play a pivotal role in growing the Monerocentric economy.


>Why should I care? Why should I run a node?

Increasing shadow economy adoption and the proliferation of an XMR-only standard are what guarantee that XMR will have a floor and won't also crash to zero when the Crypto Casino finally implodes. XMR's long-term outlook is therefore *strongly* correlated with the darknet, you may have already noticed how the number of TXs begins to drop whenever the glowies attack & cripple the Tor network, which underscores just how critical it is that the darknet wins this war against the State. Make no mistake: if the darknet is allowed to die XMR will take a devastating hit as well.

So by running an I2P node you are helping to make the network Monero thrives in that much more robust while also enraging glowies in the process. Win-win!


>OK, but how difficult is it? Do I have to store GBs worth of data like when running an XMR node?

It is literally as easy as installing an Android app and no, there are no storage requirements, the node only consumes some bandwidth.


>Cool, I'm sold. What do?

If you have no interest in browsing the darknet yourself then the simplest solution is to install & run the I2Pd Android app on any compatible (Android 4.1+) device, ideally a TV box since they don't require recharging and are permanently online. But any old phone or tablet is fine too. Make sure you activate "start on boot" in the settings.

https://github.com/PurpleI2P/i2pd-android/releases/latest


Otherwise just install the appropriate desktop client and leave it running.

https://github.com/PurpleI2P/i2pd/releases/latest


The console is accessed via http://127.0.0.1:7070/ or the menu in Android.

>> No.58505215
File: 1.12 MB, 1920x1080, MuhPriceAction.png [View same] [iqdb] [saucenao] [google]
58505215

>Bitcoin's price = NOT the result of organic real-world supply & demand = NOT sustainable

Wash trading has been artificially driving BTC's insane price action since the first major spike in 2013.

>Wash Trading 101
1. create/maintain the illusion of high volume
2. wait for poor unsuspecting fools to FOMO in
3. dump at a fat profit and leave them holding the bag

When the supply of gullible fools finally runs out, the entire scheme implodes.

TL;DR: exciting price action means nothing in an unregulated market rife with such manipulation, real-world utilization is the ONLY reliable metric of actual value.


>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 BTC = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings BTC would eventually require a $2.95 trillion price per BTC 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

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

>> No.58505707

Test

>> No.58505725

Looks like I'm back. Fuck jsnnies and fuck email confirmation

>> No.58505765
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58505765

Reporting in
##################################
IRC - https://pastebin.com/kP1gZ1Hk
Education - https://pastebin.com/V0SFR8qU
Mining - https://pastebin.com/Rd1V8P5L
Nodes - https://pastebin.com/j6Vv2Xn6
##################################

I can attest that the previous /XMR/ was the longest-lived /XMR/ in multiple years.

>> No.58505960
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58505960

>>58505215
>Post 2024 halving
>If BTC does not go to $44K

>> No.58506622
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58506622

>>58505765
over six weeks and somehow never died
>>58505725
>>58505707
congrats, you're here forever.

>> No.58506630

>>58506622
>check thread, 140 replies, page 3
>go to work
>work all day, come home
>check thread
>140 replies, page 6

jannies really killed biz

>> No.58506655
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58506655

Show some love to a fellow XMRchad and king of the 8 seas!
The Captain is scavenging the grimy depths and working hard on #20 for release in the near future!
>redcircle.com/shows/14998969-fa6d-4c2b-a277-ccbc4ec92d4c

>> No.58506737

reposting >>58505094
newfag itt
any good DNMs that work in Russia?

>> No.58506851

Will Tari make XMR go up?

>> No.58507671

>>58505176
pls add a function to monero to donate to public nodes. Costs money to host yo.

>> No.58507834

has anyone tried haveno reto
>habeeb it

>> No.58507846

>>58506630
Indirectly. The crapto "community" committed suicide with nfts and animal scams. Its not underground, its not avantgarde, its not mainstream its just cringe. There won't be any more buzz and new productive people coming into the ecosystem for a long time, 13 years I suppose

>> No.58507989

>>58507846
I can only hope.

>> No.58508108

How‘s using Haveno going? Has anybody tried to buy with cash by mail?

>> No.58508116

HELP HELP I CANT PUMP

>> No.58508149

>>58507989
Its going to take time to dry out the pajeetery, but once they realize that pension funds won't pump their bags and normies won't return like it was stimulus check stay at home and gamble, they move on to other media to scam, drying all liquidity in the industry out, leaving only cratered charts for a decade with no appeal to anyone

>> No.58509465
File: 34 KB, 472x137, mozsupport.gif [View same] [iqdb] [saucenao] [google]
58509465

It's been a long time so I'm asking again for your support here: https://www.gog.com/wishlist/site/accept_monero_xmr

>> No.58511338

>>58506737
de novo mutation?
>>58507834
>>58508108
bump for interest
>>58509465
how do I updoot?

>> No.58511563
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58511563

what is she eating?

>> No.58511580

>>58511563
AI Generated shitgarbage

>> No.58511851
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58511851

>>58511563
orange rinds and mashed potatoes, my favorite!

>> No.58513253
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58513253

>> No.58513293
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58513293

glad to see the old threads come back with the original copypasta after they dropped email verification. i missed these.

>> No.58513376

>>58513293
They suck. The pasta OP is the only bad thing about these threads

>> No.58513431

>>58513376
it provides useful info for new users of monero. i just scroll past it now, that's all you have to do if you've already read it. every once in awhile it's still useful for me though.

>> No.58514448

>>58511338
You need an account on GOG, then you can just press the yellow button on that page to "+" it.

>> No.58515092
File: 912 KB, 1274x824, Screenshot 2024-05-23 at 16-48-38 The Rise of Monero in Terrorist Financing.png [View same] [iqdb] [saucenao] [google]
58515092

IT'S HAPPENING!!!

https://greydynamics.com/the-rise-of-monero-in-terrorist-financing/

>> No.58515521
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58515521

>>58513431
Pay no mind. The jeets that get upset about the OP pasta have historically tended to be either BTC, ZEC or ARRR baggies due to the respective weapons-grade blackpills being dispensed therein, it drives them absolutely bonkers since these Generals get a lot of lurker traffic. The Bitfag is especially salty and has been incessantly whining about it for the past 6 months or so.

>> No.58515716

>>58513376
Faggot mentality. Information is never a bad thing. Not everyone knows these things yet.

>> No.58515768
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58515768

>>58505176
Did the glowies win? XMR is broken?

>> No.58515800
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58515800

>>58515768
>XMR is broken?
Yes, the darknet economy is switching over to Dero as we speak.

>> No.58515810
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58515810

>>58515768
He was using a swapping service for his darknet Bitcoin and then immediately transferring the XMR to his KYC'd exchange account.

>> No.58515839
File: 38 KB, 1280x720, 16945875345792.jpg [View same] [iqdb] [saucenao] [google]
58515839

>>58515810
Imagine being this retarded. Even the most ironclad on-chain privacy won't protect you from a simple correlation attack.

>> No.58515864

>>58511338
>de novo mutation
DarkNet Markets, duh
>>58506737
Bump

>> No.58516023

>>58513431
>>58515716
To elaborate the OP posts aren't the issue though a bit out of date. But OP loves sperging out over any price discussion, cexs, liquidity, mass adoption, ruining discourse. Last general was the comfiest in years without him

>> No.58516808

>>58505176
>>Non KYC:
>LocalMonero
"LocalMonero will be winding down
The winding down process begins May 7th, 2024, and finishes on November 7th, 2024. Our support staff will be available for help throughout this period.

Effective immediately, all new signups and ad postings are disabled;
On May 14th, 2024, new trades will be disabled as well;
On November 7th, 2024, the website will be taken down. Please reclaim any funds from your arbitration bond wallet prior to that date, otherwise the funds may be considered abandoned/forfeited."
wat do?

>> No.58516964

>>58516808
Maybe read the thread.

>> No.58517645

>>58508116
begone, pajeet