/XMR/ Monero General

[Anonymous No.51107312]

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 cryptos. 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 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 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://youtu.be/wq6w03E2DS4

XMR Stats: moneroj.net

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

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Binance
Bitfinex

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

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
My Monero
Exodus
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo

[Anonymous No.51107333]

>>51107312
Sex with monero-chan

[Anonymous No.51107334]

PREVIOUS THREAD: >>51041973

[Anonymous No.51107350]

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 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


>YOU CAN USE P2POOL-COMPATIBLE REMOTE NODES IF YOU DO NOT HAVE YOUR OWN LOCAL COPY OF THE BLOCKCHAIN
https://xmrvsbeast.com/p2pool/monero_nodes.html


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://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

[Anonymous No.51107361]

Attention!
This thread is made by paid discord shills they want to scam you!
Do not invest in any coins they recommend, do not engage with them and do not support them in any way. They are only here to get as much liquidity as possible from gullible retards. They have astroturfed /biz/ for over 2 years by now and scammed a lot of clueless /biz/ anons.
Thank you for your attention.
SCAM THREAD!
SCAM THREAD!
SCAM THREAD!

[Anonymous No.51107366]

>>51107312
I like monero-chan.

[Anonymous No.51107370]

*****/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

[Anonymous No.51107377]

Ew. Someone soiled this thread now.

[Anonymous No.51107384]

Never forget what this is ultimately all about.

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

>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://monero.com/marketplace
https://cryptwerk.com/pay-with/xmr/
https://acceptedhere.io/catalog/currency/xmr/

>Live off XMR with Cake Pay (currently US only)
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/


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

>AlphaBay
>Asur Market
>Chimera Market (recently launched, exercise caution)
>Cloud Market (recently launched, exercise caution)
>Darkmoon (recently launched, exercise caution)
>FilthyFellas
>Mellow Market (recently launched, exercise caution)
>Retro Market (recently launched, exercise caution)
Onion links: https://pst.klgrth.io/paste/8fg2g


Anonymously exchange BTC for XMR using a reputable darknet service

>Kilos
>Majestic Bank (exercise caution, possibly exit-scamming)
>Elude
>Infinity Project
https://pst.klgrth.io/paste/8cunb


>Poker Club: play no-limit Texas Hold'em in real time with 2-8 players over the safety of Tor with the privacy of Monero! No user account required.
http://pokerggxmrvzecuo6afhucjwdljuve5eoavxdxdr6zedyejd6mvz5wad.onion

>XMR Poker
http://xmrpoker3icphjr7c6dgct3by44ph4xvxrds4jzwjkjh7h2owdf6icyd.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/

[Anonymous No.51107386]

For the love of Monero-chan, DO NOT USE CENTRALIZED EXCHANGES.

[Anonymous No.51107400]

>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

[Anonymous No.51107417]

>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

[Anonymous No.51107602]

Requesting Posters/Stickers/any sort of IRL propaganda material.

[Anonymous No.51107846]

>Not just a pretty face, the new Rock Pi 4A means business. Full Monero blockchain sync in <24hrs, P2Pool mini and Block explorer all good to go.
>Run your own Monero Node with PiNodeXMR to truly be your own bank. Privately.

[None !!ZrnK6IK8Nit No.51107923]

Reporting in
##################################
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

[Anonymous No.51108209]

>>51107846
that thing mining as well? based.

[Anonymous No.51108239]

[Anonymous No.51108310]

[Anonymous No.51109327]

https://youtu.be/aC9Uu5BUxII?t=515
>Dr Kim, trained particle physicist
>schizo theories start flowing

[Anonymous No.51109959]

>>51108044
This is bad advice. Giving up personal information is never a good idea when it comes to crypto exchanges. It doesn't matter if you're just buying crap dog coins or the latest fad. Sending your personal info to an online exchange where it can leak and be used against you is not worth it.
Just use a DEX, ffs. It's not worth the convenience.

[Anonymous No.51110619]

>>51107312
Best monero-chan yet

[Anonymous No.51111191]

>>51108310
She is so fucking hot, it hurts.

[Anonymous No.51111290]

Hello monero frens and other visitors. I wish you a happy day/evening.

[Anonymous No.51111322]

>>51111290

[Anonymous No.51111718]

[Anonymous No.51112476]

[Anonymous No.51113326]

>>51108310
>>51111191
>She is so fucking hot, it hurts.
I see your a orange fren of culture as well

[Anonymous No.51113969]

>>51107312

[Anonymous No.51114107]

>>51107312
Anons your participation needed, post advices and monerochans
Global Hyperinflation General /GHG/ >>>/pol/392692320

[Anonymous No.51114894]

from this chart it appears that darknet markets have been absolutely decimated with the fall of hydra and BTC regulation/chain analysis tech. where darknet markets in 2021 did $2Bn/year revenue, they have only seen $100m revenue in the last 4 months. WHEN these russian/ukrainian darknet supply chains repair themselves, they will need better privacy tech like XMR to facilitate those transactions.

[Anonymous No.51115022]

>>51114894
I though hydra was Russian only market so why did they have such a volume?
Don't tell me US boys are so much more obedient and have less money than Russians.
The fact that they had such a large operation, using btc and were getting away with it is honestly impressive.
>WHEN
When indeed.

[Anonymous No.51115752]

>>51113969
But he does want to fuck monerochan, right?

[Anonymous No.51116398]

>>51115752
I think he's married but who doesn't???

[Anonymous No.51117530]

[Anonymous No.51118442]

>>51114894
isn't because as most darknet markets transactions are in Monero thay can't track the volume/number of transaction and thus report less (only btc) volume in their report ?

>be a Monero extremist and mine on P2Pool (Mini)

[Anonymous No.51118555]

>>51107312
Monero is a utility token and not for growing wealth. People in these threads are kidding themselves with these price predictions

[Anonymous No.51118590]

>>51113969
Ok but he didn't say he doesn't THINK it just that he didn't write that.

[Anonymous No.51118663]

>>51118555
>Monero is a utility token and not for growing wealth. People in these threads are kidding themselves with these price predictions

Imagine thinking the coin used for transatlantic cocaine deals won't eventually end up on Mars once speculative mania kicks in.

[Anonymous No.51118665]

>>51114894
>>51115022
DNM activity seems to be slowly dying. Just come around and see for yourself on Dread. It is strange. Of course, it's still huge. Just not as it was back 5 years ago.

As for Hydra. It was also used by many (intelligent) English men. Intelligent because you had to communicate in Russian and do everything in this language, so little of logical thinking will be required.

However I would still consider all these statistics to be completely false and stupidly deterministic. Often reported by some shit service like Chainalysis, Ciphertrace or similar which for all we know are just retarded. Media outlets have nothing better to work with.

>>51118442
This is a good observation. Some idiot, lets call him Mr. Jevans for example, would still claim that this doesn't matter, but he doesn't know what he's talking about.

[Anonymous No.51118715]

>>51114894
>>51115022
>>51118665
Also it still is fascinating we don't see a replacement for Hydra. The market situation doesn't make any sense. Where did all the Russians go? Right.....

There's lots of shady stuff going on. These graphs and statistics these people seem to have make absolutely no sense.
Don't really see a huge difference. https://bitinfocharts.com/comparison/transactions-sentinusd-btc.html#6m

[Anonymous No.51119251]

>>51118555
>Monero is a utility token and not for growing wealth. People in these threads are kidding themselves with these price predictions
>Monero is a utility token
>token
you need to go back

[Anonymous No.51119301]

>>51119251
>>51118555
I buy and USE (Important USE) Monero, not because I expect to get rich, that's just a possible bonus. :^)

[Anonymous No.51119650]

>>51119301
>I buy and USE (Important USE) Monero, not because I expect to get rich, that's just a possible bonus. :^)
as you should, but people seem to think using xmr as an intermediary between public chains is somehow just as good, while ignoring correlation attacks and all of the metadata leakage.
>HOLDING IS A USE. HOLDING IS A USE. HOLDING IS A USE.

[Anonymous No.51119872]

*****/XMR/ Monero General Poker Night*****
>*****/XMR/ Monero General Poker Night*****
*****/XMR/ Monero General Poker Night*****
>*****/XMR/ Monero General Poker Night*****

Hang out and play Texas Hold'em with fellow MoneroChads safely over an anonymized network and hopefully win some XMR along the way!

To accommodate players from different time zones, Poker Night commences at 6:00 PM Sydney, Australia time and then rolls westward throughout the day, so in effect the entirety of Saturday = Poker Night, feel free to drop in at any time!

>STARTS
06:00 PM Sydney
10:00 Berlin
04:00 AM New York City


>WHERE
Poker Night alternates between Poker Club and XMR Poker to give both services traffic. This week Poker Club is the designated host while XMR Poker is the backup should there be technical issues or all tables reach capacity.

Neither service requires JavaScript.

>Poker Club
http://pokerggxmrvzecuo6afhucjwdljuve5eoavxdxdr6zedyejd6mvz5wad.onion

Dread: http://dreadytofatroptsdj6io7l3xptbet6onoyno2yv7jicoxknyazubrad.onion/d/PokerClub

>XMR Poker
http://xmrpoker3icphjr7c6dgct3by44ph4xvxrds4jzwjkjh7h2owdf6icyd.onion

Be sure to read the guides on either site to familiarize yourself with how things work.


>REQUIREMENTS
You will obviously need to download and install the Tor Browser to access the darknet.

https://www.torproject.org/download/

You will also need an unknown amount of XMR to play. Don't stake more than you can afford to lose.

Optionally, you can voice chat and coordinate over Jitsi for a more authentic social experience. Jitsi is FOSS and end-to-end encrypted.

https://meet.jit.si/
https://desktop.jitsi.org/Main/Download.html


Note that unlike with clearnet gaming, playing over Tor with Monero is by far the comfiest way to play because your identity, IP address and money trail cannot be established so you don't have to worry about legalities or about the tax man coming to collect his share of your winnings.

Good luck!!

[Anonymous No.51120086]

>>51119650
Yeah, it's very dangerous. The more I learn, the more I hate Bitcoin. It's extreme.

[Anonymous No.51120264]

some fuck old me anyone can mine xmr with any cpu... we will see about that.

[Anonymous No.51120362]

Hey people, what's the best way of converting mountains of cash gotten from selling methamph-, err, from mutually agreed on business transactions, into untraceable Internet money? Maximum privacy. Ideally, without a hypothetical DEA agent family member being able to figure anything out. Asking for a clien-, I mean, a creative writing project

[Anonymous No.51120388]

>>51120362
bisq