/XMR/ Monero General

Question

/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 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: 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

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*****

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.

I am from Norway. Can I use xmr to buy normal everyday items? How can I get xmr? It is not on coinbase which my father uses.

Stick to using cash and credit cards, you sound extremely retarded and underaged.

No you can't really use XMR to buy everyday items but you can try to find someone who will sell them for monero

You can get XMR by swaping on trocador.app from another coin that you bought on coinbase

monero winning every month

What's the use for it then?

Can I use xmr to buy normal everyday items?

Buying XMR to spend it on white market goods/services really only makes sense if you're getting a grey market discount.

However, if you're earning XMR then spending it directly makes sense even if you're not getting a discount or paying slightly more, since conversion fees + KYC take their toll.

Currently, we've only just started expanding the Monero economy into the grey zone so the selection of available goods and services is still tiny. But if you *really* want to buy something with XMR there are concierge (middleman) services available that can do that for you, at a premium of course.

You can also go shopping on Amazon with XMR using monezon.com or peershop.app

Check back often, the counter-economy never sleeps.

How can I get xmr?

Earn it if possible. Otherwise, DEX.

monero winning every month

Hello fellow Monero extremists,

After insisting for a long time I finally convinced a big streamer to start accepting Monero Superchats through xmrchat.com/ and not just the regular superchats that use the banking system.

He has asked me for a simple way to explain to people how to obtain/buy Monero, so I was thinking on updating this outdated flowchart to make it as concise and simple as possible.
Huge guides are a huge friction for a potential adopter.

Please give me ideas and suggestions.

Here is my tentative new version.
Tell me what you think.

Reporting in
##################################
Education - pastebin.com/V0SFR8qU (embed)
Mining - pastebin.com/Rd1V8P5L (embed)
Nodes - pastebin.com/j6Vv2Xn6 (embed)
##################################

Reporting in

If I use a remote node over Tor, can I be traced?

you can be traced if you are sitting in a hole in the dirt with no electronics, doing absolutely nothing.

That being said, it's probably unlikely. Educate yourself on infosec so you don't have to constantly ask "is this okay" for every move you make online.

When in doubt, run your own node.

Who did you convince?

Here is my tentative new version.

Tell me what you think.

Kraken EU delisted Monero.

HavenoReto has been rebranded to RetoSwap.

EU and europoors always talk big about muh privacy

Kraken EU delisted Monero

quick search says because of "regulatory scrutiny"

make sense of this

Problem OFAC

Yes anon, we have a big problem. We require an itemized accounting of over twenty million in bank deposits you have tagged as "based and fungible" which you have not filed taxes for. Otherwise you are looking at taxes on twenty million in undeclared gains, interest, penalties, charges of money laundering, and sanctions violations.

I knew about Kraken but since there's no direct way to get Monero in the EU from a CEX, it's still easier to get LTC from Kraken and then quickly swap it on Trocador I'd say. You have a better idea?

And as for HavenoReto, I found nothing under the Retoswap name, the website and GitHub are still called Haveno Reto, am I missing something?

The EU is big on privacy from corporations. Not from the states.
They don't want Facebook to spy on you too hard, but they want to know every single financial move you make.

It's about keeping all the power and not delegating the data gathering to corporations like the USA does.

it's still easier to get LTC from Kraken and then quickly swap it on Trocador I'd say. You have a better idea?

Yeah, that'll work.

MyNymBox sales stats for November are in, XMR continues to dominate.

Bitcoiner starts a Monero fundraiser, laser-eyed maxifaggots get triggered. A tale old as time.

Kinda weird to have a bitcoin fanclub but then take donations in monero.

Not weird when you're a turd worlder and the entire point is to grift for gibs

I have a hard time imagining what that's like so it's weird to me.

There was an XMR fundraiser a while back for some Cubans who wanted to set up a "freedom meshnet" to help grow Monero adoption there. As soon as they got the money they rebranded to a BCH effort and continued the grift.

kuno.anne.media/fundraiser/qwhy/

There are organizations down there dedicated to documenting every airdrop, play to earn, learn to earn, etc., project and teaching hordes of beaners how to farm them for gibs. The pittance they earn can be several times their usual salary. They don't care if it's benevolent Bitcoin, Monero, or shitcoin holders, free gibs are free gibs.

Josh/Null, owner of KiwiFarms, he's doing the Mad at the Internet podcast. 20-30k people watching twice a week.

I also made a secondary flowchart.
My target in mind is people that don't know shit about crypto and are not the smartest (in my mind I was trying to explain it to women). Do you have an idea of how to make it even more simple/painless?

Josh/Null, owner of KiwiFarms,

Not bad.

Update, I made even simpler, simple enough for you to have your wife/mother follow it.
Not optimal in terms of getting more Monero per dollar since the fees are higher when direct buying, but it's for people that are not in the crypto world at all.

There's no way using litecoin is cheaper than BTC for swapping to XMR unless you're doing like $5 worth. This has always seemed like wrong advice that has been perpetuated because people just repeat what other say instead of thinking for themselves.

It's cause of over the top anti-Bitcoinism, rather than just being chill about what Monero does and what Bitcoin does.

HavenoReto has been rebranded to RetoSwap.

Good. The Monero space has some of the worst names. Like Trocodar. Wtf is that? Ugly, unmemorable, not even descriptive.

There's no way using litecoin is cheaper than BTC for swapping to XMR

How so? Please explain, if you're correct I'll change the chart.

Trocodar

Trocador means "exchanger" or "changer" in Spanish/Portuguese/Esperanto.

What are the chances bitcoin adds zero knowledge privacy and makes monero obsolete?

How could it not be? There is no such thing as swapping LTC for XMR, the swap site obviously performs 2 swaps using BTC in the background and will therefore pass on the cost of spread and fees from 2 trades. The only thing you save is the transaction fee from exchange to swap site is lower with LTC but you'd have to be swapping very small amounts for that to matter since bitcoin fees are low these days.

None. Zero.
Bitcoin is now a coin for institutions, and because of laws and regulations in many countries it would basically mean for them to give up on Bitcoin, they have no reason to ever do that.

Of course you can always do layer 2 privacy, but it sucks and will never be enough.

One day another coin will surely come and beat Monero at the privacy game, but that won't be Bitcoin.

Esperanto

Yes, coming up with names based on a made up kike language has been a disaster.

There is no such thing as swapping LTC for XMR

???
We're talking about regular centralized swap service swaps, not atomic swaps.
Of course services like ChangeNOW have both currencies and will exchange one for the other without having to do an additional hop for Bitcoin.

Reminder that the flowchart makes the user do everything through CakeWallet, because it's the simplest way I thought of.

The easiest way to know would be to turn $50 into XMR via both LTC and BTC and see which yields more Monero. You probably don't have to actually execute the swap to find out.

You're right. Let's do it:

100 USD = 1.06843314279609 LTC
1.06843314279609 LTC = 0.61829033 in CakeWallet
0.61829033 XMR = 97.77 USD

100 USD = 0.0010602679636429874 BTC
0.0010602679636429874 BTC = 0.6161574 XMR in CakeWallet
0.6161574 XMR = 97.43 USD

It's same shit. I'll keep LTC because it has lower fees on average and less network issues.