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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4554090 times)
hasteee
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August 29, 2017, 12:18:00 PM
 #35541

Glad to see XMR getting a little love recently, I was beginning to wonder if it would ever come! Great coin and great community. Wink
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IAmLucas
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August 29, 2017, 12:19:47 PM
 #35542

XMR is definitely one to hold long term guys. Check this space in a years time, 150$ will look like childs play.
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August 29, 2017, 07:09:13 PM
 #35543

Curious is the only reason XMR got a bump is because it is listed on a new exchange?

Is there any other reason ?
dinzerillo
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August 29, 2017, 07:18:17 PM
 #35544

Can anyone explain how to do mining for XMR?

I am not new to the industry just to mine coins...people always told me it wasn't worth it unless you can get free or cheap electricity.

My friend is going to China and it may be worth investing a bit especially since the coin seems going up

also what is the easiest way to cash out funds?

I heard of cards cryptopay but none offer anything to the US.
TheFuzzStone
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August 29, 2017, 07:53:20 PM
 #35545

read here for how to mine XMR https://minergate.com/blog/how-to-mine-monero/
The greater the hashrate the more the results of your mine

Are you kidding, wright?

Дoбpo пoжaлoвaть в pyccкoязычнoe cooбщecтвo   Monero    (XMR): фopyм: XMR.RU | Telegram: @XMR_RU | YouTube: Monero Russian Community
    Уcлyги Гapaнтa  
#ShareATool --> https://bitcointalk.org/index.php?topic=5113775.0  |  🔑Maнyaлы пo мyльтипoдпиcи: BTC (Electrum)    |   ⧫ (GNOSIS)    | 🔑
Johnny Mnemonic
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August 29, 2017, 08:00:59 PM
 #35546

Curious is the only reason XMR got a bump is because it is listed on a new exchange?

Is there any other reason ?

The listing wasn't the reason. Only the excuse.
dEBRUYNE
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August 29, 2017, 11:07:41 PM
 #35547

Can anyone explain how to do mining for XMR?

I am not new to the industry just to mine coins...people always told me it wasn't worth it unless you can get free or cheap electricity.

My friend is going to China and it may be worth investing a bit especially since the coin seems going up

also what is the easiest way to cash out funds?

I heard of cards cryptopay but none offer anything to the US.

Check out the mining subreddit:

https://reddit.com/r/moneromining

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
elrippos friend
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August 30, 2017, 04:58:37 AM
 #35548

anyone having trouble downloading the wallet?

On windows yes . Use linux version of the wallet.
There is a huge difference between two releases.

Linux rulz  Grin

je@ngrey83
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August 30, 2017, 08:39:00 AM
 #35549

Curious is the only reason XMR got a bump is because it is listed on a new exchange?

Is there any other reason ?

The listing wasn't the reason. Only the excuse.

Correct.
It's my first post to this forum, most likely not going to be the last.
I give you my personal opinion on why Monero is going to be big and post exponential gains over the medium term, regardless of where is currently being marketed:

Next year (2018 if you read this post in the future) almost all countries will have implemented the so called "Common Reporting Standard" (google it, and it's on wikipedia).
Actually many countries have already implemented it, but next year is the year where most of the "tax heavens" will implement it; see full list of countries coming on board in 2018 on wiki.
So, in short, what this means is that tax heaven will not exist any more, or at least not as we know it today. Everything will be disclosed to everyone (or at least to the tax authorities of everywhere). Especially banks will disclose every thing to the countries - so your money will be public.
So where do you think that wealth that is now stored currently in tax heavens goes?

So there you go, think people. If I were you I would stock Monero (and possibly other anonymous cryptos) and HODL till 2019 at least.
That is what I do at least.
Happy trading to everyone.
- ESPERS -
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August 30, 2017, 09:24:04 AM
 #35550

I remember very well when I bought XRM on December, 2016 at the price 8.5$ , and now the price 128$ is 120$/coin pure profit . Now I am more and more convinced to invest my money in XMR, I think it have a lot of potentioal to catch DASH's price. Also other cryptocurrency have a lot of potential.
rickgejr
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That is real, which makes a difference.


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August 30, 2017, 04:51:46 PM
 #35551

I hope Monero is not next.

https://thecryptopapers.com/2017/08/30/bytecoin-the-cryptopia-delist/
Coindgr
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August 30, 2017, 04:59:53 PM
 #35552

                                                   
I don't think so. Hard to compare BCN with Monero if you check old times...

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DeepOnion
.Anonymous and Untraceable.
ANN  Whitepaper  Facebook  Twitter  Telegram  Discord 





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Orbolon
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August 30, 2017, 05:05:39 PM
 #35553

                                                   
I don't think so. Hard to compare BCN with Monero if you check old times...

Well if you think about it, I have always seen on polo and bittrex that BCN deposits/withdraws are always unavailable... Never have I seen Monero to be unavailable.

zacharycebu
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August 30, 2017, 05:34:04 PM
 #35554

Well if you think about it, I have always seen on polo and bittrex that BCN deposits/withdraws are always unavailable... Never have I seen Monero to be unavailable.

^^ It is now, unfortunately

Anyone know the reason for this on Polo:
"XMR is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the XMR team. Any updates must be tested and audited before enabling."

If anyone knows anything please post, let us know Smiley
cryptmount
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August 30, 2017, 06:18:58 PM
 #35555

perfect project
second btc  Roll Eyes
dEBRUYNE
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August 30, 2017, 06:42:57 PM
 #35556

Well if you think about it, I have always seen on polo and bittrex that BCN deposits/withdraws are always unavailable... Never have I seen Monero to be unavailable.

^^ It is now, unfortunately

Anyone know the reason for this on Polo:
"XMR is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the XMR team. Any updates must be tested and audited before enabling."

If anyone knows anything please post, let us know Smiley

The notification is currently not displayed anymore. Thus, it seems like their wallet is up and running again.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
zacharycebu
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August 30, 2017, 06:48:35 PM
 #35557

The notification is currently not displayed anymore. Thus, it seems like their wallet is up and running again.
yup you're right, that was just a quickie luckily
ok, back to onward and upward XMR Wink
elrippos friend
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August 30, 2017, 07:01:13 PM
 #35558


With top volume on Polo and Bittrex  Grin Yeeeaaahhhh sure mate  Wink

Kraddler
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August 30, 2017, 07:22:05 PM
 #35559


Nah, Monero generates them too much fees Smiley (F**k BCN, need x3 to sell it without loss  Angry)

░▒▓█ / /  /x42/ /  /   WELCOME TO FEELESS FUTURE! █▓▒░
Johnny Mnemonic
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August 30, 2017, 08:00:49 PM
 #35560

Next year (2018 if you read this post in the future) almost all countries will have implemented the so called "Common Reporting Standard" (google it, and it's on wikipedia).
Actually many countries have already implemented it, but next year is the year where most of the "tax heavens" will implement it; see full list of countries coming on board in 2018 on wiki.
So, in short, what this means is that tax heaven will not exist any more, or at least not as we know it today. Everything will be disclosed to everyone (or at least to the tax authorities of everywhere). Especially banks will disclose every thing to the countries - so your money will be public.
So where do you think that wealth that is now stored currently in tax heavens goes?

The truth is that offshore jurisdictions are used for a lot more than banking secrecy, and the risks of hidden wealth start to outweigh the reward as the value increases. This applies to XMR as well. For example, you might be able to use monero to cover your humble day-to-day activities without suspicion, but good luck buying anything of significant expense without drawing attention to yourself and having to explain where the money came from.

Most wealthy individuals and businesses will not take unnecessary risks to hide their money. Tax havens are used for asset protection, conducting international business, purchasing offshore investments, or minimizing taxes through legal means. All of this can be done without secrecy and it's associated risks. Monero definitely has some overlapping benefits, but I do not expect offshore wealth to start flooding into XMR purely for its privacy aspects.
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