/biz/ - Business & Finance

>>29875290
I love how monero threads consistently last for 12+ hours and get 300+ replies. Incredibly based coin.

Good price to buy monero today

Shitcoin that only bleeds against bitcoin pair. In a world where barely anyone cares about privacy, we all use our phones and social media.

Likely has inflation bug as well.

>>29875470
is this a bot? Or a chad shitposter

A critical bug in Monero allows an exploiter to create an unlimited number of coins in a way that is undetectable.

>>29875684
Sounds based, how do I do it?

>>29875684

>>29875470
>Shitcoin that only bleeds against bitcoin pair.
up ~9% against BTC in the last 30 days though

What's a realistic price level for 10+ years from now? I want to put an unknown fraction of my unknown Moneros on a hardware wallet and put it somewhere physically safe as a rainy day fund, along with some PMs. A decorative treasure chest may or may not be included. Just wondering what the 2021 USD conversion ratio would likely be.

Monero News:
- Grayscale released a press release stating that lists Monero as one of twenty cryptocurrencies that they are considering investing in. (https://www.globenewswire.com/news-release/2021/02/26/2183479/0/en/Grayscale-Investments-Announces-Exploration-of-New-Investment-Products.html))
- Monero mentioned in a United States House committee meeting about Domestic Terrorism Financing: https://twitter.com/DouglasTuman/status/1364997995339550721
- Bulletproofs+ is in the process of being audited a second time. Bulletproofs+ offers at least 5% proof size reduction and 5-10% speedup in verification.
- Current Block reward is 1.13XMR.

>>29875290
What's a good resource for info on mining Monero?

>>29876108
unironically these threads. Somehow they always revolve around mining lol
Also see this https://pastebin.com/CKwGCUwc

>>29875943
Zoom out

>>29876162
Thanks Monerbro

>>29876245

>>29876162
Yeah and its fucking weird. Must be because Random X? But RX hasn't prevented commercial mining, so hobbyists still lose money. Its bizarre.

All other threads are token scams where you can't mine or BSV where the understanding that mining is left to professionals.

>>29876288
Yes.

>>29876446
Yeah a lot of people become miners just to keep the network decentralized. And also it's an easy way to convert your electricity bill into moneros lol

>>29876446
>But RX hasn't prevented commercial mining, so hobbyists still lose money
You saying that monero mining isn't worth it for the little guy?

>>29876446
mining can potentially be worth it if the price does a 10x in a couple years

>>29876446
Random X is optimized for general-purpose CPUs. The technical reason for this is that Random X has dynamic and ever-changing (random) programs; and because CPUs are designed to handle a wide variety of tasks, they are far more useful for mining Monero as they can adapt to the changes executed within Random X.
Monero is profitable if you optimize the performance of your rig and plan for the long term. It is definitely easier to just buy Monero however.

>>29876583
I think people with AMD threadrippers make a few bucks a day. With cheap electricity it might be worth it.

Mining always gets better with scale. So one PC hobbyist is at a loss or break even at lost.

>>29876736
True, but it might be more profitable for a person with one CPU to spend that money on just buying XMR vs wear and tear on their PC, bandwidth and electricity

Mining is a complete waste of time, just use that time spent to make money doing anything else instead of wasting effort to make 50 cents a day

>>29876879
In a way it's always cheaper to buy crypto than mine it. This was true for bitcoin even back in the /g/ days.

Gpu mining eth is worth it, go that route and just convert to xmr if you want.

xmr only has $200k worth of rewards daily while ethereum rewards can be over $50million a day.

>>29876046
There’s estimated to be ~$21-32 trillion hidden in offshore accounts. In developed countries, the black market is about 20% the size of the GDP, which means the US black market is about $4 trillion. Think about how much of those markets are likely to move to Monero in the future.

>>29877174
In 10 years, I’d say Monero would represent at least 1% of the global black market + offshore money. Which is around 20k/Monero. But I would consider that the bare minimum, ultra conservative estimate. Realistically, I think it’ll be 5-10%, which would be 100-200k.

>>29875449
I'm buying as fast as I can

>>29875832
>Go to crypto exchange
>Go to profile
>Right click your Monero amount
>Inspect Element
>Set to 999,999,999,999,999
>Withdraw from account
>Buy every expensive thing possible constantly
>Create a second great depression

>>29877089
>Gpu mining eth is worth it, go that route and just convert to xmr if you want.
Brainlet here. Can I do both same time? GPU for for ETH and CPU for XMR?

>>29877572
Yeah if you don't mine fan noise. I do that on my PC. Geth is an absolutely disgusting RAM pig though so keep your ETH wallet somewhere else if you have less than 32GB RAM.

>>29877572
Yeah you can.

>>29877174
>>29877395
Sounds logistical to me.

>>29877572
Your computer will ignite.

>>29877820
Not if you submerge it in distilled water.

Monero was brought up by the U.S. House Committee on Financial Services on the 25th

https://youtu.be/srCtXCY9GNg?t=5158

one person even said it should be banned

>>29877936
Strong buy signal 2bh.

>>29849579
Not just psychological. The current reward is still about 1.2/block vs 0.6 for the tail emission. That's like another halving. But yeah it's like the first big "event" in Monero's emission for people to take notice of. Maybe get a few news articles, whatever.

How do I buy in nyc? Also the exchanges, the fees are so high

>>29877936
>Monero was brought up by the U.S. House Committee on Financial Services on the 25th
The more government kvetching, the more faith I have in the currency.

>>29878209
VPN out of state

>>29878301
will that work with kraken exchange? do I just turn on a VPN, sign in to the exchange, and buy?

>>29877936
>cwyptocowency
And all this time I thought this meme was made up. Oh god

>>29878357
just make sure you are using a no log vpn

Comfy

>>29875364
every fkin day it seems

>>29876088
chad. bullish.

Thank you for these threads, very helpful , civil and mostly non autistic. Monero and the whole XMR Community seem to be based

New fucking faggot here
what US exchanges let me buy monero directly using JewVisa
none I presume?

>>29877936
Yeah I saw that faggot who was like "it's hard for us to trace it and gets used to fund terrorism so we should ban it" as if he never heard of cash

>>29878949
basicaly none. most every us exchange wants fking wire transfers. i personally buy with debit on uphold. then buy off hotbit. ive yet to have anyone tell me if its a good or bad idea. but its what i do.

Just exchanged some LTC to XMR with Cake Wallet. Is there a reason it's not displaying as XMR but is as USD (I can see my amount in USD but not as XMR)?

>>29879331
Are you looking at total balance or spendable balance? Right after a transaction spendable balance may be displayed as zero until your change is returned.

>Be me.
>download menoreujo
>try to open wallet from like 5 years back
>ask a date
>how the fuck am I supposed to know exact date

>>29879503
Don't know about about monerujo but other wallets will work with just the seed words, but it will likely take longer.

>>29876108
this is also a very good place to start:
https://www.reddit.com/r/MoneroMining/comments/lt9xzj/faqs_for_noobs_read_this_before_posting/

>>29879503
I make a note next to my keys. Doesn't have to be exact. Just before.

>>29879420
It was the full. I just checked again and it looks like it all made it into the available, guess it took a second to sync or something. Ah well.
time to hold.

>>29879574
Yea will probably download the gui and play with my wallet like a man.

>>29879503
Is that for the block height?
>>29879779
nice to hear anon. welcome aboard!

also just realized that I have been blessed with an "0P" id. based.

>>29879983
The stars have aligned.

>>29875494
You can pay a guy that’s in with the jannies to fud any coin you want.

>>29875470
Wow I better sell all my Monero then, retard.

anyone else got cucked by trying to deposit XMR to this chink exchange? my deposit still hasnt shown up after 5 days i've triple checked all addresses

AAAAAaaaaaaaaaaaaaaaaaaaaaaa

>>29875290
This is my favorite coin. I truly mean it.
But that being said, I have none. I'm on crypto just so I can speculate and get richer.
Monero is an incredible coin to use. Fast, anonymous, lowest fee (that I know of). There are no downsides to it.
But I don't think it will x3 soon, not even x2, as I think PRQ or INJ will.
I feel kinda shit about loving XMR so much while having 0 of it though.

>>29876583
Not even a bit. That's really sad.
I keep my pc mining XMR all the time though, as I also mine ETH on it. But the rewards for mining monero are like 3 dollars a month for me.

the best protocol,
too bad bytecoin went scammy
and fluffypony did inside trading with monero to buy expensive watches, at least he already dumped a lot of his bags and now is trying to build tari shittoken

>>29880241
I would just put away 1/10000000th of the supply away in a hard wallet and forget about it. Right now it looks like a stable coin but the network effect tells me it will eventually be a top 3 coin.

>>29880241
Which is why you will fomo in at 1000 once smart money starts pouring in

>>29875684
Wow anon. Incredible that you are the only person in the world who knows about this

>>29876879
"Wear and tear" does not exist you retard. Your CPU was created to do work. If you are operating at a safe temperature absolutely no damage is being done. Sure maybe your $15 fans will need replacing ~10% sooner, but nothing more.

>>29875290

Give me one reason to buy this overpriced shitcoin compared to ASKO or ADA.

If you're going to give me tl;dr videos then fuck off.

>>29880527
That's a nice idea. I could throw some money there and just forget about it.
Monero can be very big in the coming years, that's for sure.
>>29880536
That's a gay take anon

>>29881056
ASIC resistant fair PoW plus fast/cheap transfers plus surveillance resistance means it's the perfect coin for moving money privately. Once atomic swaps for BTC happen we're going to see some ridiculous space missions as BTC whales flee the tax man.

>>29881056
>overpriced shitcoin
>ASKO or ADA.
don't, it's not meant for people like you

>>29881056
don't buy it, monero as a whole is better off without you

>>29881383
Why wouldn't they just use anon exchanges that already exist?

>>29881950
>exchanges
>anonymous
pick one

>>29880536
smart money isnt buying this shitcoin, they have been buying the king, bitcoin.

Look i like what monero stands for but as a financial investment xmr is HORRIBLE

>>29881950
This is actually a pretty good counter argument to the atomic swap moonshot theory. Right now, there are already many solutions for getting around KYC. They may not be as effective as atomic swaps, but if somebody really wants to get out of their Bitcoin and stay anon, it's not like they can't do it now.
Atomic swaps is huge for adoption however, and any increase in adoption will increase demand, and create more buying pressure.

Is there an actual way to buy XMR anonymously?
I mean that's half the point of the coin right

>>29882202
i can give you some of mine for double to price

wanna take a look at new gem?
lmao, go for BSC and go for Jul
forget about this fucking dumped gas on ethereum
any coins can bring you benefits
>you shouldn’t be expert in trading, use farming

>>29882202
Send a person cash through the mail on localmonero, hope it doesnt get stolen by the posr office and hope the seller doesnt scam you

>>29881997
Are you retarded? Plenty of exchanges require zero registration and allow Tor, like exchange.me

>>29882517
xchange.me*

Fucking autocorrect

>>29882202
For most threat models, not letting authorities know you hold monero is overkill. Once it leaves the exchange it's extremely difficult to track, needing to do an EAE attack or variant, which aren't even deterministic.

Hey guys, I'm making a Monero meme, does anybody know if I could find all drawings of XMR-chan in one place? Like, is there any archive or booru where I could find all of them?

>>29882517
>>29882559
The point is that if you aren't using an obfuscated blockchain like Monero then you're pseudonymous at best as long as you're using bitcoin. Also, exchanges are by their nature dogshit since they imply some degree of custody over your coins. Plenty of fly by night exchanges have come and gone over the years, scamming millions in the process.

Hi frens. There are over 2000 crypto currencies available. There is Sonics noise, so much shilling going on. What happens when you silence all of that? What happens when you sit alone and remind yourself why crytpo exists? What is the point of all of this? When you ruminate on that, it becomes so clear that Monero is the only coin worth investing in. Monero is a symbolism of the fight in us. Monero will be worth much more than btc in time but no matter the price, Moneros value is far beyond a fiscal measure.

>>29882929
It's honestly baffling how crowded the scene is by coins that seem to lack any technically compelling foundation. Like, at least nano is trying to maximize speed which I guess is also a legitimate goal, but so many are just garbo vehicles for pure speculation.

>>29882854
you heard the man boys. dump your monerochans.

>>29882854

>>29882202
Just buy it on an exchange and send it to another wallet. It's fees are basically inexistent.

>>29883049
Tech doesnt matter, it is about network effect.

Bicoin cash is a improved version of bitcoin but price only dumps vs btc

the majority of any country,state, and cities throughout the worlds cant mine btc...btc is more scarce making it have better value and more government control. Right? Xmr on the other hand is being mined in every nuke and cranny available to any amateur, intermediate, and advance person who respects its privacy cryptography code, so its value is basically permanently supressed due to lack of control. Right? if i could go in my backyard and grow money on a tree its value would realistically never make me rich if everyone can do it. Right. So why shoukd we invest in something thats value will never payoff! this monero reminds me of those mlp mutual funds that keep tanking whike all the innovative funds are running circles around it prospering....

Seems like we have effectively decoupled from btc

>>29875290
Monero can be tracked, upgrade to OxMR

>>29883798
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
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504
another recent beatdown >>/biz/thread/S28670476
ANOTHER recent beatdown >>/biz/thread/S29537367

0xMonero

>>29883750
>more government control
>more value
Pick one
This is up there in terms of retarded posts.

>>29883929
you have already been told to fuck off
see >>29883883

>>29883798
>Monero can be tracked, upgrade to OxMR
>How?
>
Please, you do this in every thread, it would be really cool if you were a nigger somewhere else

>>29883750

>he doesn't know one cpu = one vote
>he doesn't even remember cpu stress tests with bitcoin mining
>he doesn't even see a usb miner rig

>>29883079

>>29882854
What's your meme gonna be, anon?

why would I buy monero when LTC is cheaper rn and is implementing mimblewimble?

>>29884860

Do it then, just buy litecoin. You are still welcome here

>>29881056
Honestly, don’t buy it. We don’t need more retarded moonboys. ADA or whatever else you mentioned is definitely more your speed.

>>29884893
Doesn’t MW require both parties to be online?

>Bitcoin steadily goes down
>XMR crabs
BASED

>>29885264
Sorry meant to reply to >>29884860

Isn't all crypto meant to be private? What kind of "privacy" it offers for the average "non-deep web dirty business" user it offers in comparison with other crypto?

>>29884860
The privacy of MW can be broken using AWS to run sniffer nodes. Some projects have other security features on top of MW that are supposed to solve this problem, but they have yet to be really put to the test.

>>29885264
>>29885280
They apparently changed that, look up non interactive mimblewimble

>>29885334
> Isn't all crypto meant to be private?
No, the vast majority of crypto are completely transparent . You’re literally better off using PayPal or Venmo than Bitcoin.

>>29885334
>Isn't all crypto meant to be private?
Not from a government that can throw enough computers at manpower to tie a wallet together with a user at a given point in time. After that you're pwned, unless you use Monero.

what ever happened to DYOR anyway, we should just tell newfags to fuck off

>>29885437
May if you use Binance and other shit like that. They can't track cold storage,

>>29884893
>>29885264
>>29885342
>>29885417
thanks anons, didn't mean to come off smug on anything, just genuinely asking

>>29882854

Ultra rare

>>29885492
The more newfags we get into crypto, the more secure the network is, and the more our coins are worth. Plus for all they know we could be lying to them :^)

>>29883049
None of it makes any sense. Most whitepapers just repeat "decentralized peer to peer solutions! platform!!" and other buzzwords to hide the fact that they're essentially tokens

My dad is interested in buying some monero to hodl. Should he buy now or later bros?
I buy xmr every pay day regardless of price, but it's my money to spend.

please one more big dip so i can accumulate a large but unspecified amount and then i will never whinge about the price ever again

>>29885815
It's a bubble. Everyone wants their slice of glory for creating a currency. There are admittedly a few long term niches out there, and BTC will slog on through sheer inertia, but this is basically 65,000,001 BC and the asteroid is coming.

>>29885835
Eh I think itll dip more desu. He might do well to hold off

Comfy ratio pump

>>29885835
if he wants to buy he could just DCA in, especially if he's more concerned with a longterm hold

I can't handle the stability of this coin. BTC is crashing down and monero is just crabbing.

XMR really holding up this dip, I'm pretty happy. Like someone said, "hype raises the ceiling, fundamentals raise the floor"

>>29885492
isn't asking here part of DYOR?

>>29877936
>terrorists, pedophiles and drug dealers

These faggots use this shit to justify banning anything

>>29886366
Sometimes you need to know the opinions of anonymously internet weirdos

>>29885956
>>29886193
Thanks anons. He's not very savvy so I'll probably just set up a wallet for him and do it in one hit during a dip and forget.

Getting him to do some of his homework first so he knows what he's buying into rather than just taking my word for it.

HANG IN THERE BROOOOOOSSSSSSSSSSSSSSSSS

>>29876162
What about going in the opposite direction? I leave my laptop on all the time so it ca seed my torrents. How can I mine XMR in the meantime as well? Instead of eeking out every last bit of performance I'm interested in reducing it to an acceptable limit because the laptop has truly garbage thermals and will likely melt

Why does KYC matter if the transactions are anonymous? I bought drug coin but nobody can prove what I used it for (if I spend it with Tor)?

I'm still fascinated by the idea of an illegal monero world... OK so atomic swaps replace exchanges... how would you find someone who wanted to trade?

>>29886652
i'm not expert, but i think this is the dip, btc may go to test 40k or lower, but we'll have to see if that happens. also, get your pops to watch the 'sound money, safe mode' linked in the op.

>>29887110
I've got him lined up to watch Monero Means Money: Cryptocurrency 101, I think it's presented very well and covers the fundamentals

XMRBTC

if you know you know

>>29887625
Oh I know it baby, I'm ready

>>29875470

>literally BIG SIGNAL

>>29887625

I think all TA is absolute horse shit nonsense.

But I have seen a lot that have Monero doing well over the next few months so hopefully they can make me eat my words.

>>29875470
>we all use our phones and social media.
>implying
are you aware of your current location?

>>29887756
TA is horse shit 20% of the time

>>29887891
It's bull shit the other 80% of the time

boyos, even if this is 'The Big Crash'
i just want to rejoice with you that XMR exists.
it truly is a pleasure using the CLI or even an android wallet, and being a fucking boss with even just 1 xmr.
this is the rallying cry for freedom, defense against the overbearing state, a shield from corporate surveillance. it symbolizes all good things and underlying principles that made the internet great.

lambo faggots and moonboys fuck right off, monero is not for you.

>>29884860
optional privacy = garbage

>>29885334
i searched 'monero fungibility' on youtube and this came up so here's your answer
https://www.youtube.com/watch?v=zTXCJv0YRTY

>>29886987
how do you find peers to download the blockchain?

>>29888678
>the bootstrap blockchain will be widely distributed, especially pruned. there exist scripts to monitor the network for nodes.
tor/i2p

>>29888545

Is 2000 h/s bad?

moneristas rise up

>>29888545
Couldn’t agree more. This is what monero is all about. This is a war and Monero is our armory.

Guys, about the Atomic Swaps, do we have any idea of when it will (if it will) be implemented?

According to their system:
https://ccs.getmonero.org/proposals/h4sh3d-atomic-swap-implementation.html

It's not even close to be funded, so the estimation of Q2 2021 seems like bullshit to me, doesn't it?

>>29889669
there are multiple different atomic swap systems being worked on

>>29882202
>Is there an actual way to buy XMR anonymously?
Unnecessary.
Buy it visibly on an exchange or whatever, send it to your wallet, send it (a different amount, not the exact same) to a second wallet you created, and then, you have anonymous XMR you can buy stuff with.

>>29889724
>there are multiple different atomic swap systems being worked on
I didn't know. Do you have pages of the projects so I can see at what stage they are and so on?

> TRASH! TRASH! TRASH!
>SCAMMERS WITH SHITCOINS ON BIZ
>TURN ALARM ON, NIGGERS GO HOME
>I AM HERE JUST TO LAUGH ON YOU
>HOLD JULD AND DRINK TEQUILA
>EZ THING TO GET $$$

>>29889669
According to the official Roadmap, BTC XMR atomic swabs are not even planned for 2021, but "in the future".
https://www.getmonero.org/resources/roadmap/

>>29889669

Farcaster is fully funded and being worked on.

https://cryptoadventure.org/monero-atomic-swap-project-raises-over-290k-in-48-hours/

I am too afraid to catch the falling knife.

>>29883798
This pajeet is correct (except for the 0xmr shitcoin he is shilling)
See https://monero-badcaca.net/

>>29890596
The knife isn't falling, its crabbing

>>29890650
wow this has totally not been posted over 17 thousand times and totally not a bunch of bullshit, selling my whole stack immediately

>>29889669
They say June. But really who knows. Just continue to DCA.

>>29890968
Cope, seethe and dilate monero cultists
Also, remember your coin has infinite supply. Even if you've seen it before doesn't mean it's bullshit.

>>29891041
so I guess darknet users are also monero cultists? you should inform them immediately and maybe shill them your shitcoin while you're at it

>>29891078
My shitcoin is BTC, still the most used coin on the darknet.

>>29875290
I store monero on a exodus wallet on ios, is that ok?

>>29891131
You mean the coin that got kicked out of the biggest DNM? You can shill it as well, maybe it will stop bleeding out of the darknet

>>29890650
my guess is that the stuff that site displays is fabricated
hard to say without seeing the code, which we can't do

>>29877936
>banning it
bullish

I'm so bullish on Monero it's not even funny.

>>29876484
the sloping kike forehead on that rothschild bastard tho, roflmao

>>29890650
Monerobros ....

>>29891566
>he doesn’t know

>>29890650
Ah yes, you got some transaction histories and wallet contents to go with that?

Feeling comfy today

10k sats per day

>>29875290
Can I GPU mine xmr stak amd with debian?

>full node on tails microsd with encrypted persistence
or
>moneroaddress.org on live usb and write down seed/view key

what's the definitive cold storage method?

WHY ARE WE PUMPING RIGHT NOW

>>29890596
kek
I bought more at exactly $195
feel pretty good about myself rn

>>29891131
No it's not
Do your research properly. Monero was already at 46% of all darknet transactions last year in November. Now markets have booted BTC from their sales. It's almost certain XMR is either over 50% of all darknet transactions already, or will be in the near future.

>>29893343
Because we have solid ass support on the btc pair and are going to 800k sats

What kind of bird is that in OP?

>>29893136
I want to know this as well. I'm looking to stamp my unspecified portfolio of XMR into titanium or steel. I'm okay with using a hardware wallet, but I'd prefer not to use a computer if I don't have to.

>>29877395
sounds about right, nut by that time bitcoin made a 1000x

>>29877174
>>29877395
This is false. Capturing 1% of the global black market would value Monero at 50k assuming it is based purely off of the black market with no speculators hodling

10% would be 500k per monero.

keep buying monero i'm trying to offload this pedo coin

>>29893677
who am i kidding your expected return is 4 million x with bitcoin but maybe the ratio will decline. so say you get +150% annually with bitcoin for the next decade, that's a 9500x...

people forget this when dealing with alts. that said at one point i'm gonna buy some monero to dick around with.

>>29893696
still only a 2500x

>>29878074
Nah. It isn't a halvening because it won't drop from 1.13 to 0.6. instead every 2 minutes from now until tail emission it slowly drops until reaching 0.6 so there won't be any difference or pump. It's a gradual change so the valuation increase should also be gradual.

>>29893604
are 13 words that hard to remember?

>>29893793
>assuming it is based purely off the black market with no speculators hodling
lmfao

>>29893793
2500x, 9500x, doesnt matter, its still crazy money. And one stack will be a secret to the feds.

>>29893834
How long do you think I'm planning to hodl for, anon?

>>29893845
i think monero adoption and valuation will be based more on use than speculation and for a good reason.
and i also think if i bought monero right now i couldn't use it for shit. i have no interest in the black market and nobody else accepts any crypto let alone specifically monero.
let's face it we just left the adoption gap with bitcoin. and monero is not going to follow btc into corporate treasuries.

>>29893886
anyone who doesn't hold some crypto just can't do basic math.

one more thing i have decided this years ago. if i ever manage to make a crypto related business (i have multiple ideas but not gonna happen this cycle) i will only accept bitcoin and monero. but i'm not sure i will be legally allowed to deal with monero. we will see.
also if they force kyc on me i'm not doing shit. fuck kyc!

>>29893940
bigger slice of the pie for those involved, i dont mind

>>29877572
Yes. I do that on my PC.
>>29876446
Well, for me it just so happens it's still profitable with my CPU and electricity costs. I'm holding what I mine.
>>29876583
Depends on what you consider to be "the little guy". Ryzen 9/Threadripper workstations can mine quite efficiently. OTOH, it'd be hell to do it on an i9 10900K.
I consider it worth it if you have any Zen 2 or Zen 3 CPU.

I trust this coin way more than ETH.

BTW, I have a bit of ETH laying around, what is the easiest way to trade it for Monero?

>>29886973
KYC doesn't matter. Monero is designed to be untraceable even if people bought it through KYC. Once it's on your wallet no one knows what happens to it.

However for some people having it registered that you bought monero at all at some point might be a problem. Like in authoritarian countries like China that might disappear people over it some day. Us westerners are privileged in freedom. But yeah for us it's just buy from KYC and move it to personal wallet.

>>29893343
Who gives a fuck if it’s pumping right now. Monero is not about financial gain, it’s about freedom, it’s an idea. We back it because we believe in the reason it was created e>>29893343

Can someone shill me an easy to use, safe online wallet to transfer my Monero to?

>>29894294
Get cakewallet and set up an exchange order with the amount of eth you want to convert to xmr. It will give you a changeNOW wallet address which you send your send funds to.

Anybody have the comfy monero meme? Can’t find it in my folder

>>29890650
link me to news about sellers on monero-only darknet markets getting ID'd and busted

what's that? you can't?

>>29894414
This one?

>>29894443
Yes! Thank you anon

>>29893906
I agree that Monero's value will follow its adoption. I hodl assets I like, such as monero. I simply expect that the black market won't account for more than 25% of the market cap. I expect closer to 1,000,000-2,000,000% than 25,000-250,000%.

>>29894355
I'm using cake wallet atm but I am planning to go more secure in future with either hardware wallet or put it all on a tails USB and Bury my recovery phrase

>>29894308

Thanks king

>>29894406
Thanks for the tip, how does Cakewallet compare to Coinomi?

>>29894552
Cakewallet is strictly for holding btc and monero wallets and nothing else, it's very no frills and like coinomi it's non-custodial.

>>29893906
Watch the youtube video in the OP It's made by a hedge fund manager specifically about why he thinks Monero is going to be adopted by corporations over bitcoin and more rapidly (spoiler: it has to do with hidden transaction amounts hiding trade secrets and supply lines).
>>29894096
KYC is for financial institutions. If your business isn't in the finance sector you can accept payments without having to bother your customers with KYC.

>>29875290
very strong performance when the speculation value on bitcoin evaporates. XMR keeps growing on its own pace

Is there any point in buying Monero from a regular exchange? Doesn't buying it from an exchange defeat the whole purpose of the coin?

>>29894948
no? as soon its in your own wallet it goes private and hidden. next tranfer out the trail is dead.

>>29894976
The Government also now knows you've purchased X amount of Monero.

>>29894948
Monero is designed from the ground up to be private and untraceable. Nobody can trace it even if you buy it from a KYC exchange so long as you transfer it to your personal wallet.

It's also why it's the only cryptocurrency where the US government put a bounty on cracking it. And why it's the standard choice for darknet and ransomware.

You can buy it without worries from a KYC exchange.

>>29894678
I see, thanks for explaining m8. Will see what I do from here, probably wait for ETH to go up a bit before selling.

>>29895010
Yeah but the exchange doesn't know to which wallet or even if it was send to a single wallet. The exchange can only see it was sent somewhere else and how much was sent in total but not where and if the amounts were split.

If you live in China or a place where you can get disappeared then sure use a VPN+tor to buy monero without identification. If you live in a democracy, even a flawed one then you can just KYC buy and move it away without anyone ever tracing anything about it ever again.

>>29894504
>I simply expect that the black market won't account for more than 25% of the market cap. I expect closer to 1,000,000-2,000,000% than 25,000-250,000%.

The SG report estimates that the majority of Monero's future growth will come from what they call "unlawful activities" i.e. organized crime adoption.

Whether we like it or not, OC is what will make Monero a household name and send it to Mars.

>>29895010
Sure, but it becomes anonymous again once it's in your hands.
I expect to be able to purchase it in more anonymous ways as time passes and it gets more adoption.

>>29895113
>It's also why it's the only cryptocurrency where the US government put a bounty on cracking it.
Why would they put a bounty on it if it were impossible?
Doesn't this just confirm it will be cracked one day, and that everyone holding it will inevitably be taxed?

>>29883187
This.

>>29895281
"Cracking it" so far involves running probabilistic models and looking at network nodes. And those "solutions" perform worse and worse the more it is adopted and used by more users.

>>29895281
>Why would they put a bounty on it if it were impossible?

Because they gotta try. And the fact that the IRS had to outsource the job to a couple of commercial entities just shows how futile the whole endeavor is.

>Doesn't this just confirm it will be cracked one day, and that everyone holding it will inevitably be taxed?

No, it just means they're trying to crack it and will almost certainly fail at doing so.

In case you haven't noticed, nobody who actually understands the inner workings of XMR is the slightest bit worried.

>>29895281
The government raised the bounty three times so far and they also did 4 preliminary studies. 2 of the 4 said it was impossible. 1 found a way to guess with 47% chance how much XMR was exchanged between 2 accounts if you get 70% of the transactions of Monero which would cost hundreds of thousands of dollars just to find out the amounts transacted between two random wallets because there was no method found to identify the wallets themselves. So this exploit was useless. Monero nonetheless fixed this potential loophole last October.

The last paper said Monero is crackable if you crack SHA256 and decrypt the entire blockchain. This would mean cracking all encryption in the world.

So the short answer is that the bounty is just the government desperately grasping at straws.

We at the Monero community even see it as free advertisement. The fact that we're the only ones with a bounty on our head and used on the darknet without ever getting someone arrested is the best proof of privacy we could have asked for.

>>29894688
yeah i don't care about what that hedgie brainlet is shilling. i have my own expectations will only adjust them if i see trends invalidating it.

they can easily slap money transmitter service label on every commercial crypto node and force them to keep record. especially if you convert crypto with fiat as a business.

>>29895854
It's about his points which are still valid and require consideration. You can argue that things like network effect outweigh the utility of monero but it's still important that you are at least familiar with the reasoning behind it if you want to make educated long-term investment plans.

Just starting mining thru mo xmrig, any ideas why my hashrate is zero? The daemon says I'm mining but apparently at 0 h/s.

I've tried changing the port description but I dont really know what else to do...

>>29895253
in my country there used to be a shadow economy that rivaled the legal economy. it was not organized crime just people that tried to get by in a retarded regime.
when a population want's to opt out of the thieving tax system and oppressive redistribution they can adopt a system like monero. the downside is when it's an open secret simply participating in the network or even running a node will easily result in jail time.
that's how these regimes work. the internet is not a good hiding place for business.

>>29895941
>You can argue that things like network effect outweigh the utility of monero

Fundamentals are what ultimately matter most. Bitcoin has the network effect advantage and yet its being displaced on the darknet by a technically superior coin.

>>29895941
i'm not at all interested in monero from an investment perspective at this point. this could change in a few years but only if regulatory hostility goes away after being unable to enforce any ban or restriction.
you can see regulatory hostility diminishing in case of bitcoin already. they are less about banning it and more about making sure they retain the illusion of control.

>>29896082
Bitcoin will still be no.1 for the foreseeable future though. I don't see anything taking it's place for at least 10 years.

>>29896144
This is a fair point.
>>29896068
Monero changes that because it's the first time you can have completely anonymous transactions that doesn't even matter if it's seen by the government or not since it's fully encrypted and obfuscated.

It's the TOR of finance.

>>29894948
>Is there any point in buying Monero from a regular exchange?
Buy XMR from [Exchange]
Transfer XMR from [Excange] to your [WALLET1] (this transaction can be visible by the government if they ask about it to the exchange)
Transfer XMR from [WALLET1] to your [WALLET2]

Congrats, now you have anonymous XMR.

>>29896274
>TOR
its Tor.

>>29896274
like i said even if they can't prove you bought or sold on he monero network simply running the software or finding it in your possession will be a jailable offense also when business wants to accept monero someone has to break the ice and personal info start leaking a meeting will be set up and bamm in o prison you go because you tried to make state security agents pay you in monero or took their bait.

knowing how these assholes operate i don't see most people risking it unless they are brought to the breaking point like in venezuela.

lol, what are you talking about, poor boi
>these jews stole all your money
don’t be so dumped and believe in every shit on forums
eat a cake and go to Jul and their Julswap
any coin can show you benefits from farming

>>29896410
This is false. Even the exchange won't know which address wallet1 is. Your receive address that you give to the exchange can't be linked to an actual wallet.

>>29896410
>Transfer XMR from [Excange] to your [WALLET1]
actually it's more like
[stealth address 1, amount ?]
[stealth address 2, amount ?]
[stealth address 3, amount ?]
[stealth address 4, amount ?]
[stealth address 5, amount ?]
[stealth address 6, amount ?]
[stealth address 7, amount ?]
and they have no clue what was spent if you spend it directly without transferring it and your public address is not determinable from a stealth one when you spend.

so i think since monero blockchain can't tell you if an output is spent or not the transfer to a different wallet is superfluous. but i could be wrong.

>>29896410
All you need is the first transfer to wallet 1. The added step is more for psychological security than actual security.

Hey I guess you guys can help me about this. Wasabi wallet want like 0.09 btc for coinjoin. Are there more cheaper coinjoin out there or it's always like this? I've been using monero but I want to try coinjoining that bitcoin maxis compare monero to.

here is a more real danger with monero i think.
let's say you buy monero at $200 and it goes to $200000. then the irs comes knocking for your taxes in your 1000x when you spent your monero at $230 on average.
and to prove that you have to reveal your full transaction history and maybe not even would be enough because you can't prove you are not on the other end of the transactions with an other wallet.

this kinda applies to all crypto of course unless you send it to an exchange the irs will either assume a sell event or will assume you are still in possession unless proven otherwise and you can't prove not knowing a secret.

>>29896788
no clue i'm waiting to see how people get rekt by coin join before deciding to take or not take the risk.

>>29896879
>let's say you buy monero at $200 and it goes to $200000. then the irs comes knocking for your taxes in your 1000x when you spent your monero at $230 on average.
Don't use a KYC custodian and then use a hardware wallet and they wouldn't know you had it in the first place.
That situation will absolutely apply to BTC. And it isn't a question of if but of when (if they haven't already)

>>29896879
If you live in a democracy then the burden of proof is on them. You can just deny it or say you've lost your wallet and there would be nothing they could do about it.

If you live in China however you would have your organs harvested. Which is why you should be more diligent living in authoritarian countries.

>>29895942
bumping

I get the feeling i havent configured the miner properly, do you have to input anything other than your address?

>>29897163
I've never seen it at 0h/s before. did you try using the xmr wizard?

>>29888545
the CLI is absolute dogshit though. Crashes my whole PC both on windows and on linux. Cake is the only hope for widespread monero adoption

>>29890650
little did you faggots know this site is just a honeypot to get your ip address

>>29896171
>Bitcoin will still be no.1 for the foreseeable future though. I don't see anything taking it's place for at least 10 years.

I'm not so sure, it is definitely a bubble (hype > fundamentals) and history shows us that every single bubble bursts eventually, at which point fundamentals determine what remains standing. Shit fundamentals = less likely to make it.

https://en.wikipedia.org/wiki/Bitcoin#As_a_speculative_bubble

Another thing working against Bitcoin is the fact that it can't compete with Monero on privacy and that this fact is becoming more and more publicized with every passing day, which is something that will make potential future investors think twice about buying into something criminals feel isn't trustworthy. Because especially in the world of high finance, secrecy is paramount and the prospect of a competitor being able to hire some blockchain snooping company to potentially deanonymize their transactions isn't going to go down well.

One more strike is Bitcoin's vulnerability to governmental blacklisting. The fact that the government is able to declare "suspicious" addresses and coins toxic and off-limits and effect their seizure by forcing to exchanges comply will not sit well with ANYBODY who becomes aware of this vulnerability, for obvious reasons.

Investors NEED to know their money is safe from prying eyes and potential seizure and with Bitcoin they'll never quite have this certainty, at least not to the degree Monero provides.

So, it wouldn't be so unexpected if Bitcoin ends up going the way of MySpace.

>>29875290
Just watched the XMR redpill video and I think I'm gonna buy some. This has huge potential in my opinion.

>>29896788
>Hey I guess you guys can help me about this. Wasabi wallet want like 0.09 btc for coinjoin. Are there more cheaper coinjoin out there or it's always like this? I've been using monero but I want to try coinjoining that bitcoin maxis compare monero to.

CoinJoin doesn't work and can potentially get your funds frozen for "suspicious activity."

>Binance Returns Frozen BTC After User ‘Promises’ Not to Use CoinJoin
>Exchange says it launched an investigation into a withdrawal after a Wasabi wallet user aroused suspicion by using a mixing tool.

cointelegraph.com/news/binance-returns-frozen-btc-after-user-promises-not-to-use-coinjoin

This is precisely why the darknet crowd recommends you ALWAYS use Monero.

>>29897389
What kind of retarded scaremonger picture is this? I look at the TXT file, and there are like 20 people in total with banned XBT addresses, and all of them are Russians, Chinks, North Koreans, or Arabs.

>>29896879
The real question is why are you are still in the USA with that much networth, and also "I lost all that xmr years ago in trading :^)"

>>29897389
Not him but you are conveniently forgetting the one central issue in your post.

If someone wants to use XMR to keep their money stored secretly, how do they get it back into a fiat currency, which is what any rich person will want.

There is no way of avoiding centralized exchanges where you need bank info, passport info etc. or localmonero where some pedo in a hat gives you 100$ in cash. And cash won’t be around much longer.

>>29897138
not with the irs funny stuff but usually you have to prove you are innocent when it comes to taxes.

>>29897389
a bubble? lmao bitcoin has been bubble after bubble after bubble after bubble...

>>29875290
ZEC will moon harder. I sold half my XMR here for Jigstack but may return. still have 500. kek. you know this used to be $1 right?

>>29897389
>Another thing working against Bitcoin is the fact that it can't compete with Monero on privacy
doesn't have to if you think about it for a minute.
>Investors NEED to know their money is safe from prying eyes
actually they have to account for them. especially if we are talking about corporations and institutions. just for not being able to account for a fraction of your balance sheet will get you fined to shits and shut down.

>>29897596
>What kind of retarded scaremonger picture is this? I look at the TXT file, and there are like 20 people in total with banned XBT addresses, and all of them are Russians, Chinks, North Koreans, or Arabs.

Well, for one thing people need to be aware and careful to not transact with sanctioned persons and their tained coins. Second, just the fact that the government is even able to do this to ANYBODY should be setting off alarm bells since it invalidates the whole "censorship resistant" premise of BTC.

No fungibility = no future.

>>29897272
Trying that now, if it doesnt help I may try using the miner that doesnt algo switch.

Thank you!

What is the most secure way to hold monero long term? Should I get some shitty old laptop that I'll use exclusively as a crypto wallet?

>>29898036
From what I've heard, XMRig is the way to go.

>>29897957
that said monero still allows you to give your view key to the sec/irs and not to your competition.

which is an interesting aspect definitely.

>>29897661
>If someone wants to use XMR to keep their money stored secretly, how do they get it back into a fiat currency, which is what any rich person will want.

Atomic swaps from XMR enable you to convert into smaller increments of BTC/LTC/whatever without anybody knowing how much XMR you're actually holding, unlike the poor BTC whales who have their whole balance on public display and under 24/7 surveillance.


>There is no way of avoiding centralized exchanges where you need bank info, passport info etc. or localmonero where some pedo in a hat gives you 100$ in cash. And cash won’t be around much longer.

The US is never going cashless so the USD will serve as the paper currency of choice in the underground economy.

>>29897740
>a bubble? lmao bitcoin has been bubble after bubble after bubble after bubble...

Yes, an asset jumping $10K+ in the space of a few days is not organic growth. Especially considering its incapable of being used as it was intended i.e. "P2P electronic cash."

Don't worry, bubbles can last for years. But they always burst in the end.

>>29898276
for the perfect cash you need supply to be infinitely flexible (like dai for exmple). bitcoin is as far from that as humanly possible. so i'm just gonna ignore that sperg. monero is pretty shit from that regard as well. and it can't support a native derivative market and ecosystem like bitcoin because of the lack of script/smart contract capability.

i am not at all worried. bitcoin will easily outperform monero on the timeframe i'm really interested in this whole thing.

>>29898382
>i am not at all worried. bitcoin will easily outperform monero on the timeframe i'm really interested in this whole thing.

If you're in for the short-term then most likely. BTC still has some steam left in it and as long as the hype is maintained it'll keep going for a while yet.

But most of us here are in for the longer haul and in that respect Monero is the safest bet since organized crime ain't going away any time soon.

>>29900250
based
Try to do traditional investigations for once instead of relying in the surveillance state to do your job for you

>>29898842
Organized crime is gone once general AI comes, also all our coins will be infiltrated by the GAI, the age of human dominance on our planet is soon over.

>>29898842
>If you're in for the short-term
i have a financial plan and relying on crpyto for gains as opposed to simple inflation hedge is very short term for me. this cycle will take me to stage 4. sadly to get to stage 4 i will be raped on taxes a bit.
but at stage 4 i will have enough savings to secure a passive cashflow for an upper class lifestyle.
stage 5 will be operating a business that let's me expand my wealth into generational wealth if bitcoin shits the bed. if bitcoin does okay for an other decade the business will just be a hobby.

I’m buying once it hits 125$

>>29882337
lol did this shill accidentally post a proof screenshot meant for his employer?

>>29889669
>We ask for 2727 XMR from CCS.

of course its funded, nigger

>>29900316
indeed when people used paper cash and bank wires they still caught criminals.

>>29876088
>Monero mentioned in a United States House committee meeting about Domestic Terrorism Financing
Bullish af

I love the tech and in love with crypto not really because of money but coz of the unique features every new project gives..

I just found a gem its looks unique lets see how they work on it
https://mochimo.org/

Plz share with me more good projects.

>>29875290
I bought monero 2 days ago. Should I hodl or sell?

>>29901316
Hold until 2030 and reevaluate then. That’s what I’m doing.

>>29900741
Unlikely but possible, if it does happen it will be months. A lot of people will buy in at 150 aswell

>>29876257
That's a man

>>29888545
CLI is gold

>>29900692
btw
stage 1: eliminate debt, secure living, rainy day fund
stage 2: save enough for have access to premium banking services and meaningful investments.
stage 3: compound interest. risk taking. achieve at least 25 years expenses as investment capital.
stage 4: start and grow a business that generates a cashflow even in a bear market.
stage 5: play dynasty or just buy jachts.

>>29898112
Yep. Air gapped cold wallet.

>>29888545
God dang this is making me feel something

>>29888545
>lambo faggots and moonboys fuck right off, monero is not for you.
that's what i have been telling everyone also.
it's retarded as investment. and good luck with your revolution. i will join in if i have the opportunity. but i won't buy monero just to sit on it and daydream about defeating my strawman enemies.

>>29902730
I have 18 years expenses, but I dont have property.
My plan is to secure a property first before this 25-year mark. I would say 15 years first, then property, then 25 years.

>>29877174
What are they waiting for? Why not move now

>>29903469
Monero hasn't gained enough clout yet.

If monero goes under 150 I will liquidate my stock positions and go all-in. It's a no-brainer.

>>29875290
>>Mining

Should I join a pool or mine on my own?

Single desktop PC

>>29903969
Join a pool.
If you mine on your own you will likely never get any Monero.

>>29903969
Pool for the steady income. Solo mining is the equivalent of buying lottery tickets.

>>29904095
Thanks for the info. I'm trying to get setup with MoneroOcean using xmrig but I can't get it to work. It's not utilizing my GPU (pic attached)

>>29903469
>What are they waiting for? Why not move now

They're still in the "getting comfy with using crypto" phase. Besides, its not like you can roll up to an exchange and buy millions worth of XMR these days without raising some eyebrows. This is why atomic swaps are critical since buying up a shitload of BTC is less likely to be viewed suspiciously. But for the swaps market to work we need sufficient liquidity, which will take time to build.

In other words, Rome wasn't built in a day and patience is a virtue. The darknet is the ground zero of OC Monero adoption and will propagate out from there.

------------- /> フ
-------------| _ _ |
----------/` ミ＿xノ
--------/ |
-------/ ヽ ﾉ

|
| _
| •.•)
|⊂ﾉ
|


{\__/}
(●_●)
( >

>>29904176
It doesn't look like your CPU is doing anything either. Is that config supposed to use your GPU only (to demonstrate it isn't working)? What kind of GPU is it? If it's not Nvidia, I it should be using opencl.

>>29904436

>>29904436
>>29904556

Yes CPU disabled, GPU mining only doesn't seem to be working.

>>29904636
GPU's are horrible at RandomX, it's designed to work best with consumer CPUs

>>29904805
>GPU's are horrible at RandomX
I think Monero Ocean has a way to mine ETH and they will convert and pay you in XMR. In this case, I think that's a good way to use his RTX 3090 to get XMR. I'm not entirely sure though, I don't use Monero Ocean, but after some reading I'm looking into it.
https://moneroocean.blogspot.com/2021/02/ethereum-gpu-miner-setup-options.html

>>29903394
i had a rule that real estate shouldn't be more than 30% of my portfolio. but due to inheritance it exceeds my limit. if i could make that liquid this game would be a piece of cake but it's complicated.

Pump incoming

Based XMR chads
how comfy are you all feeling?
I am exhilarated ngl