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/biz/ - Business & Finance

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File: 98 KB, 769x1285, monerochan5.jpg [View same] [iqdb] [saucenao] [google]
29185373 No.29185373 [Reply] [Original]

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!

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

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

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

OFFICIAL WEBSITE - https://web.getmonero.org



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



Gui/Cli (recommended)

IOS: Cakewallet
Android: Monerujo

>> No.29185511

is there a comfier hodl than xmr?

>> No.29185574
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unironically no

>> No.29185584



>> No.29185736
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threadly reminder that this is the perfect xmr-chan

>> No.29185759
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Please stop pumping.
Also, read

>> No.29185833

Get ready for btc-xmr atomic swaps, monerochan


>> No.29185837
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ETH and XMR aren't competitors.

I wanna see all versions of monerochan in this thread!

>> No.29185879

Big cope

>> No.29186024
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>> No.29186081

I hope you find comfy in your life, sir. monerochan welcomes you with open arms. we like the tech. we like the coin.

>> No.29186100
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>> No.29186157

Tari will kill ETH

>> No.29186164
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>I wanna see all versions of monerochan in this thread!
Janny's not going to like that one bit

>> No.29186213
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>> No.29186218
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>> No.29186238
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>> No.29186301
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>> No.29186327

I'm way too low iq for all that fucking math

>> No.29186427

We should do an XMR-Tari chan #soon

>> No.29186439
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>> No.29186434
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>> No.29186590
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How's the Monero mining going fellas?

>> No.29186664



>> No.29186710

at least for the time being, it seems better to mine a more profitable crypto and then exchange it for Monero

>> No.29186748
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>> No.29186839
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>> No.29186942
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>> No.29186960
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>> No.29186965

good, my only regret is to not have a better pc to mine now.

>> No.29187026
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>> No.29187054

What is more profitable on the CPU than XMR? GPU Mining Eth

>> No.29187126

>posting anime men
Yaoifrens please leave

>> No.29187178

As of right now, ETH, as fees are insane.

>> No.29187305
File: 319 KB, 847x1200, monerowaifu.png [View same] [iqdb] [saucenao] [google]

I'd recommend Mastering Monero for an easier to read introduction to Monero, if you are curious into how it works.

>> No.29187333
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Buy 0xMonero sirs do the needful

>> No.29187410
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If you think you're comfy now, just wait until some celebrity tweets about XMR

>> No.29187418
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>> No.29187550

probably the worst trips of /xmrg/

>> No.29187643

if RMS didn't get cancelled I'd have unironically hoped he would one day, even though I know he wouldn't

>> No.29187716

>Do the needful

Fucking kek

>> No.29187724

i don't think you're the real guy, but just in case, ...
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
another recent beatdown >>/biz/thread/S28670476

>> No.29187749

I mean not twitter since RMS almost had a stroke when one of his talks got advertised on facebook but you know what I mean, Monero is like the #1 "free" crypto

>> No.29188273

Last thread 404'd before I got any answers.

I want to get into selling Monero on local monero. I Can buy it on kraken at market value, and sell via Cashapp or zelle via for roughly 10-15% extra.

Some anons are telling me that goverment agents are on there trying to catch dealers cashing out and tax evaders. But if I follow KYC, and make sure not to scammed, should be fine right? Any of you anons selling on localmonero?

>> No.29188368

No I’m all in XMR lol

>> No.29188631

in america, your tax duty would be to declare your capital gains on crypto to fiat transactions.
>Some anons are telling me that goverment agents are on there trying to catch dealers cashing out and tax evaders
if you are selling a lot of Monero on there I'm assuming you would be flagged.

>> No.29188699

alright, sorry for the misfire
i can't take the time to do in depth investigations on each post
have a good day

>> No.29188767

Who is RMS ? Fluffy pony?

>> No.29188837

omg if elon or fking snoop dog tweet about xmr idk what il do. thats like a sell signal lmao

>> No.29188846

rms is a hero of the open source movement
very influential figure

>> No.29188899

if you no cash out, why report anything at all

>> No.29188948
File: 56 KB, 599x769, RMSsign.jpg [View same] [iqdb] [saucenao] [google]

Richard Stallman
It's not "open source," it's free software. Open source is weasel language used to stop people talking about free software by making people confuse the two.

>> No.29188968

you have nothing to report if you buy Monero directly with fiat.

>> No.29189036

Imagine the roastie and shyster panic when XMR starts to become a popular method of hiding assets during a divorce

>> No.29189077

sigh, then that means using kraken right? how do their fiat deposits work?

>> No.29189098

fair enough
i conflate the two because they're often the same for me
but they are not the same

>> No.29189112
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threadly reminder that 18.7 monero is the same proportional share of the network as 21 bitcoins is for the bitcoin network (one one millionth)
DYOR, comfy investment

>> No.29189141

Based. I'll make sure to get into a boating accident when I get divorced.

>> No.29189156

>>29189036does anyone have a sell signal for xmr? i dont, but jw.

>> No.29189343

Governments becoming less corrupt, universal human rights and freedoms enforced globally. Pollution and global warming wondrously solved.

This is of course just a fairy tale, so no, realistically no long term sell signals for now.

>> No.29189403

When XMR supplants BTC, and even then I'll only sell what I need immediately in fiat.

>> No.29189564

I'd love to see a Monero tax dodger meme of this https://www.youtube.com/watch?v=YqmdiiqIRA8

>> No.29189763

fair nuf.

>> No.29190122
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>> No.29190164

Apparently there is an xmr atm near my office, I'll have to check it out

>> No.29190645

>Non KYC:
what does KYC mean

t. thinking about getting some XMR

>> No.29190703
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Know Your Costumer regulation that requires you to send your passport, documentation, photo, video, your ass, etc. That means you are abandoning your privacy to put your hands on some XMR.

>> No.29190710

btw bros if youre using the moneroocean version of xmrig make sure its actually mining monero and not wownero or some other shit

>> No.29190973

Does it really matter that much once you shuffle your crypto around a bit? If you're exchanging one crypto for another through something like changenow or coinswap or whatever, and assuming it goes straight to your XMR wallet, the government's ability to do anything about your Monero seems limited.
It seems to be more of an issue for anything not named Monero.

>> No.29190987

Hypothetically. If I have 100 XMR. And buy at $275. Sell at $280. And bought again at $275. That would be a $500 gain aka I can buy (almost) 2 more monero and increase my stockpile. Im using this miniscule $5 per xmr example because I feel like these smaller differences would minimize my risk as opposed to full blown daytrading the 24 hour difference?

Is this a good strat? Just want to stockpile more monero, not even trying to cash out.

>> No.29191194
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If it matters or not it depends exclusively of each person's situation. It means if the government request information from the exchange, it will provide documentation on you acquiring an <unknown_amount> of monero. This amount could be big enough to trigger an inquiry to know what you did with your monero -- don't underestimate the ability of the state being a bad actor.
Reasonably speaking if we're talking about small amounts it should be alright, and there's always some possible plausible deniability that you lost or used the coins.

>> No.29191244

it works until it doesn't, essentially. one day, the price will rocket in one direction never letting your rebalancing trade fill. the goal with this strategy is to double your money before this occurs so when it inevitably happens, it can be written off as the cost of doing business instead of a net loss, essentially. that's my perspective anyways.
i always made more money by sitting around on good projects than trading.

>> No.29191304

report back! i've only ever used a bitcoin atm. i would love to know an honest anon's opinion on the xmr ones.

>> No.29191713

sending my regards to the last thread

>> No.29191896

>you don't want to pay taxes? then leave
>ok bye
>not so fast

>> No.29192018
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>Unlike all other countries with the exceptions of Eritrea and Hungary (with caveats), the United States taxes its citizens on worldwide income, even if they are permanently resident in another country. To deter tax avoidance by abandonment of citizenship, the United States imposes an expatriation tax on high net worth and high income individuals who give up U.S. citizenship. The tax also applies to lawful permanent residents or green-card holders who are considered "long-term residents." The Tax Code defines a long-term resident as any individual who is a lawful permanent resident of the United States in at least 8 taxable years during the period of 15 taxable years ending with the taxable year during which the expatriation occurs.
Seriously how come the United States can get away with this type of shit? Isn't it supposed to be the best country in the world or something like that? Jesus.

>> No.29192179

>Under the new law, any individual who had a net worth of $2 million or an average income tax liability of $124,000 for the five previous years (adjusted annually for inflation)[12] who renounces his or her citizenship is automatically assumed to have done so for tax avoidance reasons and is subject to additional taxes.
Jesus christ, these kikes have no shame. How is this stuff enforced? If the person in question literally packed their bags and went to another country and said, "Fuck you, I'm not a U.S. citizen anymore," then how can the U.S. possibly have any ability to collect more taxes from them?

>> No.29192215

Monero is a hodl in my humble opinion. But if you are going to trade compulsively anyway you may consider going with a btc pair with something well correlated to btc. That way you're always in the market. When the market leader shoots up, you have exposure either way. Or in a bear market you could be bleeding fiat value but gaining coins by trading the pair effectively. Make sense?
Crypto is not easy to trade. Lots of unpredictable moves and big moves always seem to start ripping right as you are going to sleep, eating breakfast, etc. Serious crypto traders set alarms all through the night to check on their trade orders and adjust. Not a nice lifestyle.
Much more comfy to hodl.

>> No.29192356

just buy and hold. Trying to play the market, especially if you are inexperienced, is just asking to get burned.
pick a set amount of money you want to spend, then either put it all in now and wait a year, or divide that payment and DCA over the next few weeks/months

>> No.29192381
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>> No.29192486

Foreign countries and banks are required to ask if the customer/resident is a US resident for tax purposes when doing anything.

>> No.29192535

they recognize the threat of brain drain

>> No.29192691
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>> No.29192902

The more XMR is used the more the DNM's dealers will be comfy holding it instead of insta-selling, Theres really nothing else like it at scale.

>> No.29192926
File: 2.36 MB, 4568x2571, xmrchan2.png [View same] [iqdb] [saucenao] [google]

will suck dick for 0.2 XMR

>> No.29192976

Is anybody using a Ledger with a monero wallet? Ledger Live doesn't allow you to add a monero account and the Monero GUI wallet isn't allowing me to create a new wallet from my Ledger. I'm on Linux.

I've already checked this guide: https://monero.stackexchange.com/questions/9901/how-do-i-generate-a-ledger-monero-wallet-with-the-gui-monero-wallet-gui

and the udev rules I have are correct.

>> No.29192977


>> No.29193135
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>> No.29193333


Thanks Monegros. Glad I dodged that bullet. Seems like id get away with it a few times before id be hurtin for certain

How long do you guys plan on hodling? Is 100 XMR enough to make it?

>> No.29193622
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imagine trying to shill a shitcoin in the comfiest chan general

>> No.29193676

XMR-tan was in the news tonight

>> No.29193862

post it

>> No.29194158
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>> No.29194235

is there any risk of being banned if I go goybase --> binance with vpn --> xmr --> cold wallet?

>> No.29194410

2nding this
whats the best way to get xmr into a cold wallet anonymously

>> No.29194486

I don’t know what XMR is but I’m buying just because of Monero-Chan

>> No.29194574

why would you be banned? You are simply transferring your Bitcoin off of an exchange to another exchange and you are currently in the Netherlands on vacation.

>> No.29194675

The other day I bought an unknown amount of monero on Kucoin and got it off without issue. The steps would be:

KYC exchange (USD->LTC) -> Kucoin (LTC->BTC->XMR) -> cold wallet

You are limited on withdrawal amounts and obviously there is the KYC at the beginning but in theory nobody knows you have bought monero.

>> No.29194723

Away from my pc so can't give you any useful info, but yes, I use my ledger for it. In minecraft.

>> No.29194777

On linux, ubuntu

>> No.29194813

buy eth on cb>uniswap to usdc/usdt>binance with vpn>xmr>withdraw

>> No.29194828

appreciate it man

>> No.29194919
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This one is my favorite.

0xMonero is comfy as fuck. I was about to do the needful myself.

>> No.29195092

Please stop posting these. They're not pleasing to look at.

>> No.29195154

Reminds me of the old sanic memes but somehow worse

>> No.29195191

I like the boobs!

>> No.29195194

have a nice night everyone

>> No.29195326

this, i touch myself to her allot.
wish buying monero could be more straightforward without having to mail cash or something like that.

>> No.29195381

Income tax required a constitutional amendment to be passed in the early 1900s for it to be considered legal.
>progressives destroyed this country

>> No.29195410
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>> No.29195417

lole just go to nicehash and buy it

>> No.29195930

I usually tug my peen before going into xmr generals because I know she will trigger me anyways.

>> No.29196257

might be better to withdraw to a local wallet from the kyc exchange, but based on some of the posts I've been reading on this board I have a feeling a lot of people are going to get audited pretty soon and they'll want you to prove that you haven't traded at all if you've been buying from kyc exchanges and never report any gains.
>uniswap to usdc/usdt
and pay $100+ in gas fees

>> No.29196358

How does XMR work for storing onto a trezor T? Do I need to do some shenanigans like running a node with it as well?

>> No.29196704

I unironically want this coin to dump to $50

>> No.29196723

You just need to use the official Monero GUI, and set it up as either to use a remote node or local node. Local node will involve downloading the blockchain. Remote node doesn't, but when you create your wallet, keep note of the block height because every time you load up the wallet, the app needs to scan every block to build up the transactions.

>> No.29196797

What a pain in the ass. Dumping all my XMR.

>> No.29197088

Go ahead and sell. The right to privacy isn't meant for you

>> No.29197093

>sadly i am a burger, seems to make everything harder rn.

>> No.29197155


>> No.29197172

Monero can be tracked and is an overpriced fork of Bytecoin.

>> No.29197191

[unknown] is enough for most people but the making it stack is [unknown]

>> No.29197288
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Fellow XMR chads. I've made 100% profit. Give me courage to hold on and not sell now. I know there's a future for this currency and I need to be brave in this time of emotional trial.

>> No.29197528

Take some profit you won’t regret it, hold the majority but don’t be scared of cashing out in the way. That’s what I think anyway because I’d be a lot better if I had taken profits but hindsight is 20/20

>> No.29197590

Upgrade your Monero for 0xMonero

>> No.29197635

If you want to sell it's fine.
This isn't a short term pump n dump shitcoin and we aren't a moon mission. There will be other opportunities for quite some time.
But I would honestly recommend spending some of your Monero. That's what it's for anyway and you've basically made some free money with good timing.

>> No.29197669

unfortunately the amount isn't significant enough to justify cashing only a part of it out. I'll gladly hold, having thought about it and hoping to buy more regardless if it dips or not

>> No.29197703

you don’t get out after a x2 in a bullrun wtf
this is a generational opportunity

>> No.29197892

i don't know if i will be sexually satisfied til we have some proper monero-tan hentai, but if i commission some that is more monero i wont have.

>> No.29198207

A commission of BTCchan getting lured into a honeypot and XMRchan holding her down while she gets raped by the long glowing tentacles of the state department, while XMRchan slips away and escapes without a hair out of place is just the kind of promotion we need.

>> No.29198409

Most charts these days don't show the entirety of xmr/btc. Find a full chart, set it to log scale, set it to price against btc, zoom out as much as possible. We are at a GENERATIONAL BOTTOM vs btc. Any buy in the area we're in is considered HEAVY DIP. If you want to gain value /usd AND btc, get the fuck in now, anon. Shitcoins will be left behind by the big boys.

>> No.29198585

What's a good XMR mining rig setup?

>> No.29198720

A good setup is a modern ryzen chip you've already got in your gaming rig. Other than that its cheaper long term to just buy xmr

>> No.29198891

Anon what's your opinion on Incognito Exchange? Does this help shield your trading even more ? Is it legit?


>> No.29199374

CNN lol

>> No.29199864

No chance. RMS isn't libertarian, he's more of a socialist. You can email him and ask what are his thoughts about Monero.

> https://news.bitcoin.com/richard-stallman-gnu-unlike-bitcoin/

Still can't believe he was cancelled over "some remarks" when everyone knows he's incredibly autistic

>> No.29200067

>Still can't believe he was cancelled over "some remarks" when everyone knows he's incredibly autistic
What exactly was he cancelled over, anyways? He's had extremely pro pedophilia comments for a long time.

>> No.29200401


"Headlines say that I defended Epstein," Stallman wrote. "Nothing could be further from the truth. I've called him a 'serial rapist,' and said he deserved to be imprisoned. But many people now believe I defended him—and other inaccurate claims—and feel a real hurt because of what they believe I said."

"I'm sorry for that hurt," Stallman added. "I wish I could have prevented the misunderstanding."

>> No.29200425

I know he wouldn't ever support it, but I just wish he'd consider it.
He said that (I'm paraphrasing) Marvin Minsky was probably approached by a girl who was told to approach him and it would have appeared completely consensual to him. It was worded in typically autistic fashion but that's the gist.
People only focused on RMS saying that it appeared she consented and got him cancelled, and he resigned from FSF shortly thereafter.

>> No.29200451

He didn't change. The world did. Just in case you somehow missed that.

>> No.29201085

This is a centralized scam that is under SEC investigation. Please do not buy this shitcoin.

>> No.29201575

Richard stallman was an autistic, obese, Jewish manchild

>> No.29202392

any evidence of this?
has anyone been burned yet?
i hear people say this allot but never any specifics.

>> No.29202691

OMG selling my stack

>> No.29202709

What are you referring to?

You're referring to >>29201085?
The centralized coin under SEC investigation is XRP, not XMR

>> No.29202846

mining monero is the biggest dumbfuck meme
>hurr here's your $5 a month in exchange for heating up your CPU 24/7 and making your PC unusable

>> No.29202898

at this point these are just lixe 0xMR, vastly superior to the original but still hated.

>> No.29202950

barrier for entry against minetards who dont care about what they mine only profit

>> No.29203584

Fuck off with your scam coin ranjeesh

>> No.29203791

XMRing at 80% (one unused core) doesn't slow my system, if you have 2 GB RAM to spare.
It's quite good at yielding when other processes need the CPU.
I turn it off for gaming, but browsing, movies and other regular activities are not impacted.

If you want to invest for a miner income, buy RTX 3060s to mine ETH.
If you want to mine a bit and get involved with the CPU you already have, XMR is competitive.

Global hash rates are up, transaction are up with low fees, and global power distribution is heathier than BTC without ASICs farms, so I'd say it's working good.

>> No.29204400

some generous xmr anon >>29202593 just donated some xmr to some poorfags. and the best thing is that we have no idea how much they sent

>> No.29204414

Hey guys, I was hoping to join this thread and learn about this coin and possibly buy some but ran into an issue.

You see there are these images of a sweet looking young lady looking very exposed.

As you can imagine I had to immediately pleasure myself after seeing them.

In future threads could we please just keep to the topic and not post erotic imagery? Thanks.

>> No.29204625
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joke's on you, monero-chan is actually the least exposed waifu. and she's fine with you doing whatever you want to yourself in private

>> No.29205061

I am still of the opinion that you shouldn't be able to see Monero-Chan's eyes for some reason. Glasses, veil, visor, whatever

>> No.29205604
File: 148 KB, 277x385, 1585804765000.png [View same] [iqdb] [saucenao] [google]

>still nowhere near the previous ATH
holy FUCK I'm so fucking bullish
guess where my next paycheck is gonna go

>> No.29205660

Damn missed out on the xmr gibs ;(

>> No.29206244

got a nice stack, thinking about 50/50 xmr and algo, May the digits guide me

>> No.29206372

thanks digits I put it all into algo now and I will put half into xmr when I’m home

>> No.29206398

Literally found a block the first day I started mining XMR and I was solo mining. I've only been mining a week and the network paid me six months of electricity upfront.

>> No.29206401

I heard from a friend that the Algorand people are hiring the top cryptographers in the world.

>> No.29206528

£200 next stop £300

>> No.29206620

Shutup shilling like that makes me want to sell it and all in xmr

>> No.29206669 [DELETED] 

Incase that anon was lurking here I was about to post but the thread got nuked, I could really use any help you can give, I lost my friend a week ago and I wanted to go out of state to see him but I'm just too poor to do it, I saw you helping other anons didn't know if you could help me get to his funeral.


Thank you incase you see this.

>> No.29206697

XMR already has the top cryptographers in the world. That's how atomic swaps, bulletproofs+, and triptych/arcturus have been developed

>> No.29206729

That's based. Hate I missed it, but glad to see fellow XMRchads being generous.

>> No.29206844


>> No.29206914

How high do you think the XMR price will go this run?

>> No.29206959


unknown amount

>> No.29207013
File: 834 KB, 1200x948, 1613240135719.png [View same] [iqdb] [saucenao] [google]

>> No.29207031

I would be stupid not to try, he was helping others :/

>> No.29207204

Bitcoin had just mooned the last time monero had it's highest price. Bitcoin is still, somehow, mooning (value 3x the last high back in 2017). After it's done with that ridiculousness alt coins will take off more and I think we can assume that monero will at least double it's last highest price, so 800$+ is my prediction. But it might and hopefully will dip before that happens.

>> No.29207248

I think it's being actively suppressed from ATH in sats. It should be priced at about ETH's dollar value right now if it were back at ATH in sat value.

>> No.29207258

>burqa monero-chan
Fund it.

>> No.29207329

Why the fuck is reddit obsessed with advertising monero? If it gets too big before its prime, fiat gateways will be shut off. Shouldnt they want as much subversive growth as possible? Fuck the price. XMR should only be shilled to crypto veterans for now.

>> No.29207419

XMR was my first buy as a newbie and since I wrote down my mnemonic but and not my json, the web wallet I was using is lost to time, taking [an undisclosed amount] of monero out of circulation forever. It was less than I currently have, though. I wouldn't consider myself a crypto veteran, though: I've just always thought XMR was "Bitcoin but better" since I'd first heard of it.

>> No.29207562

Recommend me a pool for mining XMR with 2800 H/s worth of CPU. Also, I probably will only able to let the miner run for 15h straight before stopping each day.

>> No.29207817
File: 149 KB, 1280x720, maxresdefault.jpg [View same] [iqdb] [saucenao] [google]

30-year-old boomer walking around the woods talking about Monero.


>> No.29207871

solo mine

>> No.29207914

same here, traded 3500 OMG back and forth at 55 and 65 cents for a while, made profit but a few weeks later OMG was at 5$. lost a lot of money because i swing traded

just hold, move on with life and accumulate

>> No.29208042

Just create new addresses.

>> No.29208150

Feels great dannitlad? Never selling this one hopefully get me enough to retire

>> No.29208386

the mnemonic should be enough to recover it. was it a 13 or 25 word seed?

>> No.29208438

I'm not even sure; this was back before the 2017 run.

>> No.29208448

It depends. In 2120 there will be 34 million XMR so you want to look at what your share is compared to the total XMR in the future not right now. 1/1000000 of XMR total supply in 2120 would be 34 XMR.

>> No.29208524

The market is highly irrational so you can't predict price movement. It's a bull season right now so selling has a higher risk associated with it compared to normal. Meaning you're more likely to be left in the dust when you sell. It's best to have a diversified portfolio because not everyone pumps together and redistribute the profits to your XMR hold.

>> No.29208560


>> No.29208633

so you don’t have the seed any more? i guess they are truly lost then

>> No.29208777

are we losing steam :(

>> No.29208846

I looked where I keep my old crypto papers but apparently not.

>> No.29208953

Imagine an XMR Drainer meetup, the autism would be palpable

>> No.29208965

>Is 100 XMR enough to make it?
Depends on how long your time frame is. I expect Monero to slowly grow in usage and importance over the next 10 years so maybe you should accumulate more over time as well.

>> No.29208976

i hope so, not finished accumulating

>> No.29209030

>unfortunately the amount isn't significant enough to justify cashing only a part of it out

huh? just sell half mid wit

>> No.29209065

Diversify your portfolio. Treat Monero as your retirement fund and slowly put more into it over the coming decade. What you're doing is akin to selling Bitcoin in 2011 because you realized 100% profit.

>> No.29209117

While this is true in the long-term. The problem is that the market is irrational and we can't predict when what is going to moon. The only thing we know is that Monero has the long-term advantage and will in the long term outperform Bitcoin. So it's still best to have a diversified portfolio because things don't pump synchronized.

>> No.29209268

xmr is great with the privacy stuff and the linear inlfation and al that. but its proof-of-work based and that is retarded. anyone know any non-proof-of-work based similar alternative?

>> No.29209306
File: 300 KB, 1280x933, 1613333277803.jpg [View same] [iqdb] [saucenao] [google]


>> No.29209323

any electrum like wallet?

>> No.29209517

No because PoS is a security risk.

>> No.29209626

>tfw will be able to give 5 of my kids enough to give 5 of their kids make it stacks
i will have a dynasty by the turn of the next century

>> No.29209644
File: 383 KB, 960x500, 29874362.jpg [View same] [iqdb] [saucenao] [google]

Noob here, trying to mine, does this look right?

>> No.29209671
File: 11 KB, 1384x66, hsZXj3X.png [View same] [iqdb] [saucenao] [google]

It's more like "Use the PC you're using anyways to mine Monero in the background and receive $150 USD/0.5XMR a month".

If you get so low hashrates that you would generate $5 a month then I don't think mining is for you.

>> No.29209736

PoW blockchain is the entire innovation that bitcoin brought to the table and there's nothing wrong with it.

You need to screenshot the stuff at the top when you start mining

>> No.29209773


>Unlike BitCoin or cash payments, Taler ensures that governments can learn their citizen’s total income and thus collect sales, value-added or income taxes.

>Nonetheless, the system ensures anonymity for users, who will ultimately use coins as a stand-in for national currencies and be free from exposure to any volatility inherent in a new cryptocurrency.

>“When you pay with Taler, your identity does not have to be revealed to the merchant. The bank, government and exchange will also never learn how you spent your electronic money,” it is written. “However, you can prove that you paid in court if necessary.”

>As such, in terms of stability, Taler is reported to “[use] an electronic exchange holding financial reserves in existing currencies.”

So it's a stable coin? I wonder how it will be both private to banks, government and exchanges but at the same time possible to prove how you spent your money if necessary, without compromising your privacy.

>> No.29209836
File: 504 KB, 1714x1842, monero color3cencored.jpg [View same] [iqdb] [saucenao] [google]

WIP semi-oc. edited and colored someone elses sketch of another character.
I'll have to finish this tomorrow so i can finally have a release.

>> No.29209849

Moneroocean.stream has 0.0% fees so use that. Also use their own miner to let your CPU mine the most efficient algorithms to maximize profit.

>> No.29209880
File: 32 KB, 1198x258, comfy.png [View same] [iqdb] [saucenao] [google]


>> No.29209889
File: 347 KB, 960x500, 2756526.jpg [View same] [iqdb] [saucenao] [google]


>> No.29209906

PoS isn't really viable and will inevitably lead to centralization. I also wish there was a more environmental/energy efficient solution to the problem but there really isn't. Or at the very least PoS isn't a viable solution to this problem.

>> No.29210096

yup pow is the way

>> No.29210148

You need to get huge pages working and you'll get over 1kh. Run xmrig as administrator whenever you run it. Might need to restart your computer before it works too.


>> No.29210260

i would hope so i am getting over 1.1k in 2 threads with an older intel.

>> No.29210286

You need to do a couple of things. You're using windows so you need to enable huge pages as well as run in administrator. You also need to enable benchmarks in the config.json

Use the Moneroocean.stream miner and connect to their pool. It has 0.0% fees and has an algo switching method so you can maximize the profit of your CPU.

>> No.29210364

Ill re-boot and check my hash.
So when can I expect to receive something? Idc if It's 0.001 XMR I just want to see that it is working. Also can I receive profits in an exchange wallet?

>> No.29210658

Yep, pretty much what I'm doing. I mainly buy ETF's. Memes and crypto is 10% of my investments

>> No.29210662

only took me few minutes to get a tiny bit, 0.001 might take some hours tho

>> No.29210701

Apparently my old Kraken account has like $100 on it. I am thinking I'll just buy a fraction of an XMR and put the rest into fractions of normie coins. That way I can pretend that is "all I have" of XMR.
What are the best clueless normie coins other than BTC?

>> No.29210724

You won't receive an automatic payment for a very long time. You'll need to check what your pool (supportxmr in your case) says about minimum payouts and how to change payout settings. They also have a calculator on their page that will tell you what you can expect to earn with your hash rate. 1KH/s will earn 0.0118 per month right now. With huge pages enabled you're looking at about 8 months until you get paid out the 0.1xmr default.

>> No.29210775

It depends on the mining pool. It usually takes 2-6 hours before the "block matures" after which it gets added to your mining account. Depending on the pool you need to gather X amount of XMR before they pay you out.

On Moneroocean.stream it's 0.003 XMR.

>> No.29210904


You missed one detail. Above that in heaven is Link.

>> No.29210911

Couldn't find benchmarks in the config but I restarted and the hash went up by 500. Using new pool now.

>> No.29211030

The way you write this makes it sound like you'll be getting scammed by kasher quon or teejayx6 for sure

>> No.29211132

So err $0.27 per month? Epic.

>> No.29211354

If you do it smart you can make a lot more. Look at my image here >>29209671

>> No.29211367

Actually about $4 with his improved hash rate and proper maths. And I don't recommend anyone mine as their primary method of acquiring XMR. It's fun to get some extra just for running a program on your computer though.

>> No.29211494

>making your PC unusable
It has no impact. You could easily pause it if you notice it slowing things down but it basically never does.

>> No.29211722

You mean if you have a thread ripper?

>> No.29211827
File: 125 KB, 1438x1415, 1603764210439.jpg [View same] [iqdb] [saucenao] [google]

not bad, got just about every server I have running XMRig except my node unit
you make any payouts yet?

>> No.29211899

>Use the Moneroocean.stream miner
doesnt mine monero just pays out in monero

>> No.29211933

It also mines monero if it turns out to be the most efficient algorithm at the time.

>> No.29211942

Real talk though, is their a method of mining Monero that's actually profitable? $4 a month isn't going to fucking cut it.

>> No.29211979

Also Moneroocean.stream is officially recommended by getmonero.org.


Scroll down to the "going further" 2nd bulletpoint.

>> No.29212015

>find local hardware stores
>buy all threadrippers
>buy all RTX 3080s
>sell them all for a stupid markup
>buy monero

>> No.29212063

>It also mines monero if it turns out to be the most efficient algorithm at the time.
1 no it wont because its designed to be slow
2 no it wont because xmrig doesnt change algos on the fly

>> No.29212152

fkn true and based. But seriously if mining Monero is necessary to verify transactions but isn't particularly profitable does that not doom the currency a little?

>> No.29212199

>1 no it wont because its designed to be slow
My CPU mines RandomX about 30% of the time
>2 no it wont because xmrig doesnt change algos on the fly
By default which is why I changed the config.json to rebench every once in a while which I explained to the thread how to do a couple of threads back.

>> No.29212290

>have to fuck around with it
lol 90% of people who read your post just lost interest and mined something easier

>> No.29212483

My post was meant for the 10% that wants to follow through.

>> No.29212507

good luck to them then

>> No.29212519

Easy to say with a threadripper doing 50kh/s you dum fuck.

Either way, it will take you like 48 months to recoup the cost of just the CPU itself.

>> No.29212523

>only able to let the miner run for 15h straight before stopping each day
Answering my own question after a bit of research :

I needed a pool with a PPS (Pay Per Share) reward system, that means I should get a reward based on the number of shares submitted and theoretically the reward is proportional to my contribution to the H/s of the pool. "Theoretically" because of the random factor.


>> No.29212575
File: 34 KB, 392x389, 3409743.jpg [View same] [iqdb] [saucenao] [google]

I'm on the fast track to making $0.09 a day.

>> No.29212632 [DELETED] 

Anons, i mine monero on a website as revenue. But actually its pretty slow, what van i do? I want.to moonetize people visiting my website

Halp pls 8Bqr5jgG1Nh

>> No.29212680

Don't use a fucking website to mine shit.

>> No.29212819 [DELETED] 

Okay, so what should i use?

>> No.29213150


>> No.29213267

This same conversation happened with btc and eth.

>> No.29213789

It is not profitable because so many people mine it. In turn this means people mine monero despite barely breaking even, so they must believe in the tech, that it gains value or both. It's a sign of a health community.

>> No.29213934

No. The only reason it's not profitable FOR YOU is because there are so many other people mining. If there were less people mining then you would get a larger share of the reward. Go learn the basics of proof of work.

Also $4/month is for a shitty CPU in grandmas PC so it's not bad actually. A 3900x for example is doing $50/month right now and pays for itself in 9 months currently. Now consider that many people have already bought CPUs like this for work or gaming or whatever and this XMR is like free money for them. Now consider the millions of underutilized servers around the world and it's actually surprising how profitable mining is.

>> No.29214082

Does moneroocean do a good job of utilizing GPUs? Ryo is the one GPU coin that I know they do. Do you think they could add ETH and be like a NiceHash that pays XMR?

>> No.29214141

Boring name and boring icon. With monero you lose. Buy useless memecoins, tokens and centralized pseudo crypto instead!

>> No.29214228

Moneroocean.stream is for CPU mining but you can use a different miner for GPU and connect it to the pool to get paid out in XMR all the same. They already have ETH support if you want to send it to them. Go to "coins" to see what they support.

Thank you for your service.

>> No.29214268

>people mine monero despite barely breaking even
Not true. The last rational miner will be barely breaking even (and there will be a few stupid, irrational miners losing money) but the most will be making a decent profit. There are people who get hardware and electricity almost for free just raking in the profits.

>> No.29214333

how come this id the preferred token for online drug markets

>> No.29214565

It isn't a token.

It's used on online drug markets because it's the only truly private cryptocurrency out there right now.

>> No.29214692

buy a brick of coke in bitcoin and you'll find out why real quick

>> No.29214710

Do you if it's more profitable to use the algo switching xmrig for GPU or run a seperate Eth miner? Could they integrate ethhash into the miner?

>> No.29214825

>Could they integrate ethhash into the miner?
Probably but why bother if eth won't be mined in the near-future anyway.
>Do you if it's more profitable to use the algo switching xmrig for GPU or run a seperate Eth miner?
Use the algo-switching for CPU mining and use a separate miner for your GPU if you want to mine Eth. You can still connect the GPU miner to moneroocean.stream to get paid in XMR.

>> No.29214837

PoS = Piece of Shit

>> No.29214930

does it jack up your powerbill, though?

>> No.29214993

based thread
shitcoins pumping and we are growing steadily

>> No.29215050

how do i exchange my btc for xmr anonymously

>> No.29215081
File: 751 KB, 1242x1073, 1613820213748.jpg [View same] [iqdb] [saucenao] [google]


my sats are bleeding

>> No.29215206

Everyone's calculation will be different obviously but yes.

>> No.29215277


Alternatively just buy XMR with your BTC and move it to a private wallet. XMR is completely anonymous and uses one-time addresses so even the exchange won't know where it went.

>> No.29215994


>> No.29216090

one is a service the other is a means if exchange. tey being less of a doofus next time

>> No.29216143

Where did you find these monera-chan arts?

>> No.29216195
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>> No.29216198

slowly but persistently, as it should

>> No.29216216


>> No.29216337

that's not how you spell "best". have some humor anon, 0xtard is part of the family now that he's been memefied as a permanent fixture in our generals

>> No.29216367

jannies don't ban that based bro please

>> No.29216526

plug your puter in a wattmeter and find out. ryzens have low tdo and xmr doesn't stress them to gaming consumption. it's rather like 2/3rds tdp of gaming performance on some ryzen apu's i mine with

>> No.29216620

So how far do you think it'll dip before we see it start to jump again?
Talking BTC-XMR

>> No.29216671

I'm thinking of getting into mining, can anyone who mines tell me how much they pay for electricity a month and how much revenue they get? I was thinking of joining a pool

>> No.29217087

Doesn't pay a ton but it does definitely break ever on power here, running a ryzen 3900x with 0.08KWh

>> No.29217110

No idea, the market is irrational. You should have a diversified portfolio. The only thing we know is that in the very long-term XMR is bound to outperform BTC.

>> No.29217205

Thanks, was thinking of getting in but undecided with recent trends, I think I'll buy the dip we've been seeing over the last few hours

>> No.29217892
File: 9 KB, 255x198, rope.jpg [View same] [iqdb] [saucenao] [google]

posting in xmr general is bad opsec

>> No.29218642

When's gook moot going to start taking monero for passes? I'm getting tired of waiting.

>> No.29218845

Never built a PC in my lifetime so other than choosing a processor idk what else to do

>> No.29219147

Just started learning about crypto. It's exciting and scary at the same time I have $100 dollars in Monero, $80 in Chainlink, $100 in Binance and $150 in Ethereum. I'm buying $50 worth of crypto each pay day. Any advice, guys?

I used to just hoard my money in my savings account, but had to spend it all after the meme virus hit. Just starting to get back on my feet. I don't want to be a poorfag for the rest of my life..

>> No.29219261

True, he has done a lot of good for software development in general, but ultimately lives in the academia bubble.

>> No.29219274

dump eth into xmr

>> No.29219705

what are you mining with, broseph? looks ok for a 5 to 6 year old mid range system. for reference i'm getting 1,5khs on a ryzen 3200 with 3mhz ram

>> No.29219843

5usd now will be 500usd 5 years from now. it's all relative in life, bruh

>> No.29219863

Just buy Monero. You will come out way ahead.

>> No.29219937

do the huge pages thing, but as an aside you should also consider switching to linux

>> No.29220148

ryzen 3600, gpu whatever you can aford (1030nvidia will allow for some light gaming and once eth goes proof of stake you buy a better gpu), am4 b450 motherboard, 2x 8gb 3000mhz ram and a bronze rated power supply for 500w. add in a case and you're golden. best order it premade the first time

>> No.29220238
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>> No.29220253

If you don't intend to trade constantly, I would recommend researching the coin you want to buy and going with one that looks like it should be stable, then holding
>Don't panic sell
If you buy in at the right time and plan to hold, don't worry too much about losing gains
>Don't fall for FOMO
Just because currency X is jumping doesn't mean you should buy in and don't let the shills get you
>Never treat missed potential as a loss
"I could have made X" is the worst way to look at things, if you didn't lose money it's not a loss, if you made money it's a gain

>> No.29220283

plus an m2 ssd 512gb, you will have a computer that will last you a long time if tou upgrade the gpu. don't skimp on the psu, get a rated one

>> No.29220555

Basic parts guide
>SSD for OS
>HDD for storage
>For your own use, 16GB+ memory, for just mining, 8GB, aim for 3200MHz RAM
Rest is up to you, case can be dirt cheap, PSU should be 50W over however much power your parts say they should draw

>> No.29221251

Stay strong and hodl. Imagine cashing out now, and then roping I a few years when you check back and btc and xmr and the same price.

>> No.29221410

This is a comfy dip. What do you mean stay strong?

>> No.29221520
File: 454 KB, 1001x823, mll25v5ad4w51.jpg [View same] [iqdb] [saucenao] [google]


Give me the hopium XMR/BTC looks so fucking bad now

>> No.29221551

Sorry meant to respond primarily to the other anon

>> No.29221755

>XMR/BTC looks so bad right now
Yeah that’s when you’re supposed to buy...

>> No.29221763

we were at 0.0035 like 10 days ago you retard newfag

>> No.29221935
File: 1.53 MB, 1150x4384, monero-is-the-future.png [View same] [iqdb] [saucenao] [google]

>Give me the hopium XMR/BTC looks so fucking bad now

Monero consistently displaces Bitcoin where fundamentals matter. In time, fundamentals will start to matter more and more in more and more sectors. Its really just a waiting game now.

>> No.29222303
File: 113 KB, 1180x663, bigguy.jpg [View same] [iqdb] [saucenao] [google]

Look at the time range and previous trends, if you're willing to hold there's a very good chance it'll reward you substantially
We're in the dip right now, hold or buy, RSI is showing XMR to be criminally undervalued
You will make it, we all will, just have patience, the tiger is still in the cage

>> No.29222500

That's great advice, thank you. I do tend to panic when I see the losses. Where are the best places to learn?

>> No.29222516

it dips whenever I buy lmao you're welcome bros

>> No.29222554
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>> No.29222584
File: 112 KB, 750x939, EqA8WxJXMAAj9ng.jpg [View same] [iqdb] [saucenao] [google]

It will become illegal and go to zero. Sell now or lose everything.

>> No.29222650

Experience, knowing people who have more experience and research
Here's a good channel to pick up the fundamentals though:

Thanks, I've been picking up bit by bit as the dip goes

>> No.29222682

Monero is honestly the comfiest hold. I'm all in baby

>> No.29223098
File: 57 KB, 1024x696, 1588992553206.jpg [View same] [iqdb] [saucenao] [google]

I love how these threads last for 12 hours.

>> No.29223242

Best thread on biz thanks monerobros

>> No.29223482

Thanks for stopping by, Anon

>> No.29223593

just hodl and accumulate bro, xmr is the next bitcoin. and much better than that!

>> No.29223639

Monero is so good, I honestly dont understand why it's not going up

>> No.29223761
File: 64 KB, 960x960, 72887771_2474867252836077_6529564021908045824_n.jpg [View same] [iqdb] [saucenao] [google]

Time fren time

>> No.29223871


>> No.29223977
File: 4 KB, 297x170, download.png [View same] [iqdb] [saucenao] [google]

Keep calm and buy 0xMonero :)

>> No.29224057

It doesn't seem as promising as normal monero, what legitimizes this one?

>> No.29224228
File: 10 KB, 250x219, 1580710905828.jpg [View same] [iqdb] [saucenao] [google]

Sometimes I worry that it's too technically involved for most sub110 IQ normalfags to understand. Even doing a transaction with it is more involved than other coins.

>> No.29224321
File: 424 KB, 320x240, giphy.gif [View same] [iqdb] [saucenao] [google]

wow sounds super interesting will definitely buy some, thanks for posting this in every XMR general for months.

>> No.29224329
File: 484 KB, 1082x695, 1613469871104.png [View same] [iqdb] [saucenao] [google]

Another day, another monero thread at the top of the reply count. We're all gonna make it, lads.

>> No.29224379

backed by a million tonnes of indian feces

>> No.29224394

thank god im 111

>> No.29224518
File: 19 KB, 474x344, 849B9946-924E-49E4-9359-555FF28F4EF4.jpg [View same] [iqdb] [saucenao] [google]

Always buy the top - like I do.

>> No.29224649

who's baking?

>> No.29224678

Just wait, don't sell until we get close to the last top again, you'll get your investment back in good time
You haven't lost anything until you sell at a loss

I can, one moment

>> No.29224759


>> No.29224806

No problem

>Partnership with royal flash casino
>Uniswap support
>erc20 support
>dex support

>> No.29224812

Fuck, I'm an idiot and forgot the subject