/XMR/ Monero General

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 with impunity 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: yewtu.be/watch?v=wq6w03E2DS4

XMR Resources: libereco.xyz/resources/

XMR Stats: moneroj.net

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

OFFICIAL WEBSITE - getmonero.org

WHERE TO BUY XMR: 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:

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: 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: 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: pst.klgrth.io/paste/eecbe

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

moneroinfodump.neocities.org

Why Monero is so untraceable: a rundown of the powerful stealth tech Monero utilizes

moneroinfodump.neocities.org#MoneroIsUntraceable

The Writing on the Wall: Monero replacing Bitcoin as the new standard

moneroinfodump.neocities.org#MoneroReplacingBitcoin

Breaking News: no, Monero still isn't traceable

moneroinfodump.neocities.org/#RecognizingTraceabilityFUD

Vaporware: why nobody is worried about CipherTrace's magic crystal ball

moneroinfodump.neocities.org#CipherTraceFail

Very Clever Math: how we can verify that the XMR supply isn't being inflated

moneroinfodump.neocities.org/#MuhInflationBug

Pssst, wanna buy some Monero? Follow these simple how-to guides

moneroinfodump.neocities.org#BuyAndStoreMonero

Bitcoin: The Original Non-Fungible Token

moneroinfodump.neocities.org#BitcoinBlackpill

Why Monero is Better than Zcash: the "privacy coin" criminals won't touch

moneroinfodump.neocities.org#ZcashBlackpill

The Lowdown on PirateChain: why this Zcash clone is considered a scam

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

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

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

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

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

Shop on Amazon with XMR!

monezon.com
peershop.app

Live off XMR with Cake Pay (now available in 140+ countries!)

cakepay.com/

or with CoinCards

coincards.com/

Monero stickers for guerilla marketing

monerosupplies.com/

Anonymous burner phone numbers

silent.link/

Monero-only VPS hosting

kyun.host/

Win XMR!

monero.vegas/
sigmanero.org/

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

# = recently launched, exercise caution

Alias Market #

Archetyp

Asur Market

Babylon #

Calypso #

Candy Haven #

Chimera Market

Cloud Market

Cypher Market

Dark Matter

DrugHub #

DrugTown #

Drugula #

FilthyFellas

Gofish Market #

Gramazon #

Hectate Market #

Mercury Market #

Pygmalion's Refuge

Retro Market

Smackers

Sonanza Market #

Squid Market

SuperMarket #

Tribe Seuss

Whales Market #

Wizard's Palace #

World Trade Center #

Links: pastebin.com/raw/fF95wTNi

Anonymously exchange BTC for XMR using a reputable darknet service

Majestic Bank

Infinity Project

pastebin.com/raw/75mVpfED

or a reputable clearnet service

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

Want to support further development?

ccs.getmonero.org/donate/
monerofund.org/

Join a Monero Workgroup and (potentially) earn XMR!!!

getmonero.org/community/workgroups/

Want more Monero-chan?

monerochan.art/

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: 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: 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.

No tail emission = Bitcoin is fucked

Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K. Post 2024 halving, that break even point, at the current hashrate, goes up to $44K. If BTC does not go to $44K, miners will be unprofitable and hashrate will have to drop (miners going out of business) to reduce the cost of securing the network, also reducing the security.

If you know anything about the power of 2, you already know that things get very big, very fast. If we’re 3 halvings into 32 total halvings, then the estimated break even point for miners at current hashrate going into the last halving would be:

$22,000 * (2^27) = $2,952,790,016,000 per BTC

$2,952,790,016,000 per BTC * 21 Million total BTC = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings BTC would eventually require a $2.95 trillion price per BTC and a $62 quintillion market cap to sustain the current cost of $7.15 billion/year.

Even if these numbers were somehow realistic, can you imagine securing a $62 quintillion market cap on only $7.15 billion/year of hashrate? LOL

So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.

cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

I love being an enemy of the state. It's comfy.

Monero Chan is the waifu for laifu.

crime is the only way to obtain monero! I'm sorry to say that, but it is the truth.