Thread 60863030

Welcome to the /XMR/ Monero General, dedicated to the discussion of the world's most widely adopted privacy coin.

Monero payments are anonymous, low-fee by design and fully fungible, meaning users can send XMR globally without issue and receive XMR without having to worry about tainted coins. Battle-tested privacy tech (Ring Signatures, Stealth Addresses and RingCT) ensures that critical TX data cannot be gleaned from the Monero blockchain. Thus by default, the TX history of all Monero users is kept hidden from the prying eyes of adversaries, with TXs being optionally transparent via the aid of a view key.

Monero algorithmically ensures low TX fees by employing a dynamic (elastic) block size that can "stretch" to easily accommodate sudden TX spikes.

Monero's bespoke mining algorithm, RandomX, is optimized for devices using general-purpose CPUs e.g. desktops, laptops, smartphones, tablets, keeping the barrier to entry low and ASICs out of the equation.

Monero's tail emission - 0.6 XMR every block forever - financially incentives for-profit miners to keep mining, helping boost long-term network security. This constant linear inflation asymptotically trends to zero and is offset somewhat by a steady rate of coin loss.

Monero has thus far proven to be the only altcoin capable of overcoming BTC's network effect by driving it out of the darknet economy BTC dominated for over 10 years. Monero is now also starting to overtake BTC in clearnet commerce as well. See below.

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


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

XMR Resources: https://libereco.xyz/resources/

XMR Stats: moneroj.net

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

OFFICIAL WEBSITE - getmonero.org

WHERE TO BUY XMR: https://i.imgur.com/XdppsQ7.png
Crypto ATMs: see kycnot.me

>MINING
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official GUI/CLI
Featherwallet

>Mobile
IOS: Cakewallet
Android: Monerujo

PREVIOUS THREAD: >>60854070

START MINING IN P2POOL
>START MINING IN P2POOL
START MINING IN P2POOL
>START MINING IN P2POOL

P2Pool combines the advantages of pool and solo mining; you still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool.

P2Pool has no central server that can be shut down/blocked because it uses a separate blockchain to merge mine with Monero. There's no pool admin that can control what your hashrate is used for or decide who can mine on the pool and who can't. It's permissionless!

Decentralized pool mining (P2Pool) is pretty much the ultimate way to secure a PoW coin against 51% attacks. Once P2Pool reaches & maintains 51%+ of the total network hashrate, Monero will be essentially invulnerable to such attacks.

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


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

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

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

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

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


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

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

*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****
*****/XMR/ Monero General Info-Dump*****
>*****/XMR/ Monero General Info-Dump*****


Learn more about Monero's key features and excellent future prospects, have some common misconceptions dispelled and discover the cold hard facts about Bitcoin, Zcash and PirateChain. Also featured is a noob-friendly buying, storage and wallet guide.


>Monero: it's what new Bitcoin users think they bought. Every feature, explained
https://moneroinfodump.neocities.org


>Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes
https://moneroinfodump.neocities.org#MoneroIsUntraceable


>The Writing on the Wall: Monero replacing Bitcoin as the new standard
https://moneroinfodump.neocities.org#MoneroReplacingBitcoin


>Breaking News: no, Monero still isn't traceable
https://moneroinfodump.neocities.org/#RecognizingTraceabilityFUD


>Vaporware: why nobody is worried about CipherTrace's magic crystal ball
https://moneroinfodump.neocities.org#CipherTraceFail


>Very Clever Math: how we can verify that the XMR supply isn't being inflated
https://moneroinfodump.neocities.org/#MuhInflationBug


>Pssst, wanna buy some Monero? Follow these simple how-to guides
https://moneroinfodump.neocities.org#BuyAndStoreMonero


>Bitcoin: The Original Non-Fungible Token
https://moneroinfodump.neocities.org#BitcoinBlackpill


>Why Monero is Better than Zcash: the "privacy coin" criminals won't touch
https://moneroinfodump.neocities.org#ZcashBlackpill


>The Lowdown on PirateChain: why this Zcash clone is considered a scam
https://moneroinfodump.neocities.org#PirateChainBlackpill


>LATEST UPDATES

- added Proof-of-Stake update to Zcash Blackpill
- added list of available desktop/mobile wallets
- expanded all sections with more relevant info, graphics & videos
- added easily linkable headers and sub-headers (link icon to the far right)
- added a new section about traceability FUD

Why the fuck the bazaar owner did not hire some artist. This AI shit is despicable.

Never forget what this is ultimately all about. Don't be a HODLtard.

https://archive.is/YBnPG
https://freedomcells.org/

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

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

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

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

>or with CoinCards
https://coincards.com/


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

>Anonymous burner phone numbers
https://silent.link/

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

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


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

# = recently launched, exercise caution

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


Anonymously exchange BTC for XMR using a reputable darknet service

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

or a reputable clearnet service

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


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

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

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

>>60863030 (OP)
DON'T FORGET TO FLUSH THE TOILET, FLUSH TO SUPPORT MONERO
DON'T FORGET TO FLUSH THE TOILET, FLUSH TO SUPPORT MONERO
DON'T FORGET TO FLUSH THE TOILET, FLUSH TO SUPPORT MONERO

>How to *safely* acquire, store and spend XMR

An optimal XMR user set-up involves 2 separate wallets: an offline cold wallet (savings account) and an online hot wallet (chequing account) for everyday spending. XMR amounts larger than a few hundred dollars worth should not be stored on a hot wallet for obvious reasons. So ideally, you'll want to direct all payments/donations to your cold wallet by default and then transfer smaller amounts over to your hot wallet as necessary.

Relying on 3rd party hardware wallets comes with certain security caveats so they are not recommended. Instead, its surprisingly easy to engineer a very robust storage solution yourself using readily available hardware: a laptop and a smartphone.

>Laptop

This will be running Featherwallet and must be *permanently* disabled from ever connecting to the internet again! That means physically removing the M.2 Bluetooth/Wi-Fi card and gumming up the ethernet port with superglue.

OS should be Linux rather than Windows, preferably a Debian-based lightweight distro. Encrypting the relevant user directory with LUKS is recommended but not essential.

It must have a functional webcam.


>Smartphone

This can be your primary device. It will host both your hot wallet e.g. Cake, Monerujo, etc and the NERO view-only wallet that is paired with your laptop.

To set everything up: https://4rkal.com/posts/feathernero/

NOTE: if you don't have a laptop you can use another smartphone and install the ANON wallet onto it, its essentially the same thing but with somewhat weaker security guarantees. Video guide: https://www.youtube.com/watch?v=oJqYzZyqyno

>In a nutshell

- you accept all (substantial) payments to your cold wallet.
- you monitor incoming payments on NERO.
- you initiate the transfer of funds from your cold wallet to hot wallet on NERO and sign the TX on your laptop via QR codes.
- you spend the funds and help grow the XMR economy.


FYI this is the most secure storage solution currently available.

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

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

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

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

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

Also TIL that for some reason XMR sync is 1000 times slower on vera crypt volume (8-10 minutes for 20 blocks instead of 1-2 seconds). What a fuck. Encryption CPU time should be negligible, and it is actually negligible for any other task (including BTC full-node sync). I have no idea why it's so bad.

Someone did the napkin math based on various studies. Basically if Monero captured even a tiny sliver of the private money, such as what is stored in offshore bank accounts, then Monero's value could be more than Bitcoin's.

Don't be a moonboy. Be a marschad. Moonboys shout $10k as an out there target. Marschads understand $10k is a mere starting point. As long as Monero is below that, it has not even begun. We're still fucking around in the locker room.

All Monero has to do is to introduce forward secret privacy and solve its consensus security woes. Until these happen, Monero cannot be considered ready for use to major wealth players.

It's like someone was building a luxury skyscraper in New York, and as the construction slowly happens, the future occupants are asked to settle in so that the property value raises because people can see how the building is being occupied by luxury people. Brothers, the building is not even finished yet. There are no windows. You can't expect those people to move in yet. All you have right now is bunch of druggie hobos squatting.

Monero will be worth at least $100k (inflation adjusted). Marschads will win. Bakecels keep flushing.

>>60863109
Lmao

Monero is
>FREE
>AS IN
>FLUSH THE TOILET
>SOFTWARE

Monero is
>FOLDING AT HOME
>TOR
>I2P
>ODYSEE
so why are you expecting to make a profit out of mining it?? Are you a MOONFAGGGOTTTT

Also, for some long time I have been getting some DNS error every time cli started. I've deleted .log file (it was pretty big, 20 mb or so) and after that, this error disappeared without a trace. What the fuck. Future of money.

12 rules for bakesales
>mine at an acceptable loss
>flush your toilet
>price pumps are bad
>price appreciations are suspect
>government tried and failed to defeat xmr
>go on irrelevant tangents in the thread
>act as if we "already discussed this"
>reply with a reaction image
>51 percent atak? never happened/will never happen
>reorgs out the ass? minor inconvenience
>cexes? no, you gotta jump through eleven hoops to get monero
>no liq no dexes? use pay by mail with a literal who anyways

>New general
>Immediately bombarded by people who want XMR to 'change'

>>60863065
>DON'T FORGET TO FLUSH THE TOILET, FLUSH TO SUPPORT MONERO
>DON'T FORGET TO FLUSH THE TOILET, FLUSH TO SUPPORT MONERO
>DON'T FORGET TO FLUSH THE TOILET, FLUSH TO SUPPORT MONERO

If you can mine, mine. >>60863044

If you can't mine but still want to contribute hashrate to fight back against Pubic, donations can be made to Xenu's (Anti-Moonboy) Monero Defense Fund. 30+ XMR kindly donated in just the past week by based MoneroChads around the world, keep em coming!

https://xcancel.com/xenumonero/status/1960073851003445355

Trust the plan brothers. I am sure our overlords the devs are cooking up new schemes that will change consensus rules once again. We are so lucky to have them steer the ship, otherwise, how could Monero fare on its own, right?

Let's see what do we have on the menu:

1) A literal Proof of Stake

2) Light Proof of Stake (finality layer)

3) Some weird block time weighting that nobody knows what kinds of 2nd or 3rd degree side effects it will have on the blockchain dynamics

4) Some other weird proposal about DNS checkpointing, which, at this point, we should abandon mining (which doesn't bring in any money anyways) and let a handful of DNS computers dictate the correct chain lmao

5) Francisco "Uhhmmm I woud rather not increase the fees" Cabanas

6) Howard "MINERS SHOULDN'T MAKE MONEY" Chu

7) Monerogeneral "Mining should be like flushing your toilet, a thing you do without financial compensation" OP (the gall to say this for a PROOF OF WORK NETWORK --- insane retardation by the OP)

8) Some weird form of altruism that goes against every kind of Misesian Human Action

>I just dont want these generals to be overtaken by mentally ill losers
They already got overtaken by mentally ill losers. Your OP literally defends the position that:

1. XMR miners should mine at ***an acceptable loss***

2. Mining XMR is like flushing your toilet; you shouldn't expect monetary returns.

3. There are no problems with 9-block reorgs, they are simply inconveniences.

>>60863123
>Those who can't mine for whatever reason can donate to Xenu's (Anti-Moonboy) Monero Defense Fund
KEK. The defense incentivization's supposed to be brought in by the blockchain economics (miner reward, transaction fees, difficulty adjustment, etc. etc.)

Now you guys are relying on make-do clutches, sending, Monero to a single guy, who in turn is (supposedly) renting CPUs from other centralized providers.

jfc...

>MINING RIG RENTALS ARE THE FUTURE OF XMR DEFENSE FORCE

How in the fuck renting mining rigs different from "muh ASICs" when it comes to centralization of hashrate?

>>60863127
Merge mine with Litecoin. Leave everything else up to the free market. As far as a free market can be allowed for on a privacy chain that is.

>>60863150
So you really see the risk of litecoin pulling monero into the grave as a less likely outcome than a *supposed* hypercentralization of mining if ASICs are involved?

>>60863109
>>60863113
>>60863115
>>60863121
>>60863127
>>60863130
>>60863133
>>60863139

Based thread bumpers.


>>60863144

Think of this as more of a stopgap solution until a larger corpus of miners has been established.

>>60863175
>Based thread bumpers.
gotchu senpai

>>60863175
>larger corpus of miners has been established.
What's supposed to bring in this "larger corpus"?

>>60863170
I'm also fine with ASICs. A few anons have whined that all the ASICs would be immediately pounced on by the ever-on-the-ball US government. Or that transitioning from RandomX to a new ASIC algo could be rough. Merge mining is an intermediate solution. The Litecoin/Doge miners get more revenue, Monero gets more security, the three communities already get along well enough, so it's not the worst idea. Better than PoS anyways.

I'm rooting for TMD at this point.

If the devs can't understand that unprofitable mining will always result in too few miners to adequately secure the network, then Monero deserves to die.

>>60863289
>Monero deserves to die.
It's an "acceptable loss"