/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/
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/

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.

Monero can't stop winning

Big hashrate increase

Is this the result of the merge mine?

What hardware wallet do you guys personally use? Also, have any of you guys ever used Monero for in person purchases that are not drugs?

the internet today bears little resemblance to its earlier incarnation. those of us who browsed in the 90s and 00s remember a vastly different landscape: one filled with countless websites, diverse platforms, and wild experimental corners.
privacy was essentially the default state; tracking wasn't a significant concern for most users.

today's internet has transformed dramatically, along with user behavior patterns that increasingly influence software development trends. my observation concerns centralization: the internet continues to consolidate under the control of tech giants, with users largely accepting whatever these companies provide. we've been reduced to perhaps 4-5 dominant social networks and 3-4 major video platforms accounting for roughly 95% of internet usage. most people aren't actively fighting for internet freedom... they don't particularly notice or care that we once had greater freedom online and have gradually lost it. but I noticed this shift, as did others, including probably many of you in this thread.

regarding monero specifically: while we understand its utility, will the broader internet user base truly grasp and adopt it? this question extends even to bitcoin, as most people aren't using it for everyday transactions. the majority continue using USD and will likely keep using whatever governments and corporations promote because that's the path of least resistance. people are already comfortable with digital dollars, and even outside the US, many prefer and request digital USD.

what I'm curious about is how the monero project and its community envision this landscape evolving, if at all. how can monero become a truly meaningful currency with significant human impact, considering the entire established system seems positioned against it and unlikely to give it legitimate opportunity to thrive in mainstream channels, which btw are the ones that ultimately matter.

Monero the only thing saving the wreck of my trading performance this year

Anons, what are your plans? Yes, you have to take profit at some point. I'm thinking about selling one half or one third soon to cover my initial cost and then just letting the rest ride.

how does it feel knowing that monero will never really take off in any significant way because musk and zuckerbergs handlers at the fed told him to ghost block all posts that contain the words "xmr" and "monero"?

I literally never see anything about xmr or monero on social media unless I search for it.

so wtf is minotari?

will the broader internet user base truly grasp and adopt it?

no because nothing ever happens

I think monero would probably coexist within an ecosystem of several other cryptocurrencies with different privacy/decentralization strategies and tradeoffs.

Monero will be the easiest "just works" solution for most applications, and may even support payment channels too. Bitcoin will have the lightning network, Litecoin will have MWEB, Etherium will have zk-rollups.

The only way you can scale cryptocurrencies up into a global payments system is to combine payment channel with atomic swaps between cryptocurrencies. If anything, it's better that you have many different cryptocurrencies, it increases the diversity and redundancy of the network as a whole.

It would be cool if we could get payment channels working after FCMP++.

where are we going?

I just found an exchange on CMC that trades XMR and isn't mentioned in the stickied: NonKYC.io

nonkyc.io

They don't do any KYC and they support Tor browser. I haven't used it so I've no idea if it's good or bad, but since it's monitored by Coinmarketcap I guess it has some reputation

Does anyone have the boating accident gif with all the monero hardware wallets flying off into the water? I know I had it saved but I can't find it

to the hoppean localist voluntaryist communities of free trade without dragnet involuntary taxation.

If anything, it's better that you have many different cryptocurrencies, it increases the diversity and redundancy of the network as a whole.

Eh, I'm not sure. The main thing this protects against is bugs in the core protocol, I suppose, and that's it. But if the cryptos are serving different purposes, you will still have weak points, e.g. the main privacy coin you use - so, monero - would still need to be bulletproof else you're compromised.

I do agree that having different currencies for different purposes is the way to go - ultimately it's looking like rollups are going to be the only way to make things actually scale, with a tradeoff in decentralisation and privacy, so the ideal would be the ability to swap (pseudonymously) onto a "utility" chain with rollups, do whatever you want, and then swap back out to an anonymous backing chain (i.e. Monero). But that's an advantage in utility, not in diversity/redundancy/security.

Zoom out and change scale to BTC.

bitshit is a captured, irrelevant coin. it doesn't serve us anymore.

Go back to fb

Mcap: 3.09m

I've seen it listed but never used it because nobody on r/Monero or monero.Town ever mention it.
Also it's got a medium trust score on coingecko with little volume.i would just use one of the way more reputable non kyc exchanges from kycnot.me

Sounds good

What profit? All my monero is used up shortly after purchase. Holding monero would have pretty negative tax implications, you know?

i think its the result of the price hike.
i'm not a moonfag but higher price means more resilience of the network.

Hello Im the XMR struggler from last thread.

I downloaded Cakewallet
Wanted to buy LTC to swap it to XMR
But to buy LTC they asked me the taxpayer ID
But im not a recident from USA

So my plan is
1-return to KuCoin
2-Buy LTC
3Then if everything is good, transfer my LTC from KuCoin to Cakewallet
4 then swap it to XMR
5 be happy.

Its possible to do that? Or is a missconseption in any step that i mentioned?
They will ask me again for my tax payer id to swap cryptos?

Thanks for your help

If you can get ltc to cake wallet you're all good to go and swap freely

340 crab-coin bros, I don't feel so good

Pumping too hard

wtf is going on, are those nigger still washing the btc they stole?

Who knows? I thought they finished when we hit 340. Maybe the suppression from fractional reserves is being undone by natural demand.

vnr

This is a special kind of crab. A vertical one.
c: W0WR0

It keeps going up

what the fuck is going on? I was going to wait a few hours for retrace so i could buy a little bit now it's at fucking 380

Pumping to 1k, hop on!!!

im trying man kek

IS IT ANOTHER HACK?!?!

If we hit 400 we overtake LTC, this will be HUGE!

it was never a hack, that was bitcoin maxi damage control