[XMR] Monero - A secure, private, untraceable cryptocurrency

[7jaka7]

So, I'm setting up a ledger wallet using this guide https://www.reddit.com/r/Monero/comments/8op6cp/ledger_cli_guides_requires_cli_v01220/

It requires me to get fully synced before I can setup it up on ledger. Will I need to also sync in the future on ledger or is it one time thing? Also it doesn't seem like typical ledger wallet and I'm not even sure if it does smth for my safety. basically I need to know, is there any benefits of storing monero on a ledger?

You can also use this guide for setting Monero wallet on Ledger with GUI: https://monero.stackexchange.com/questions/9901/how-do-i-generate-a-ledger-monero-wallet-with-the-gui-monero-wallet-gui
You only need to download whole blockchain once, then you only need to synchronize it (download newly added blocks). So if you do this regularly then it won't take more then couple of minutes.
Sure benefit is very big as your private key is safely stored on Ledger and never leaves it. So this is the safest option for storing crypto at the moment.

[Febo]

I see the network hashrate was somewhere around 470-480Mh/s a week ago and its over 550Mh/s now. I knew it would increase some with the recent surge in value, but increasing almost 25% in a few days seems a little suspect. Anybody know if it's just miners switching over for the profitability?

Hash rate last month was from like 420-490Mh/s  now is like 500-550Mh/s, that is less then 20% increase. Yes last few days price of Monero went up for more in Bitcoins and in USD. So yes is normal that miners will switch. You can mine Monero with any CPU and GPU so Monero miners have lots of freedom what to use their hardware.

[garytheasshole]

I see the network hashrate was somewhere around 470-480Mh/s a week ago and its over 550Mh/s now. I knew it would increase some with the recent surge in value, but increasing almost 25% in a few days seems a little suspect. Anybody know if it's just miners switching over for the profitability?

Hash rate last month was from like 420-490Mh/s  now is like 500-550Mh/s, that is less then 20% increase. Yes last few days price of Monero went up for more in Bitcoins and in USD. So yes is normal that miners will switch. You can mine Monero with any CPU and GPU so Monero miners have lots of freedom what to use their hardware.

Someone give me a F and P and G and A, FPGA!

[theleaf]

This recent drop isn't because people are selling XMR but because of Bitcoin's market price changing. Monero is looking good overall with minor drop which happens due to panicked selling. We will always have people among us those react emotionally and panicked to each increase or decrease. This is crypto land.

Whats everyone opinion in the long term of crypto market? looks like the bear market is not over yet?

[theleaf]

what is going on the market?  
How do you think will Monero survive? All coins are going down to the hell. How can we stop this? Let's stop selling all together!

Will monero be the next bitcoin when the bull market returns? looks like atcoins and bitcoin follow the same trend, either up or down

[theleaf]

So, I'm setting up a ledger wallet using this guide https://www.reddit.com/r/Monero/comments/8op6cp/ledger_cli_guides_requires_cli_v01220/

It requires me to get fully synced before I can setup it up on ledger. Will I need to also sync in the future on ledger or is it one time thing? Also it doesn't seem like typical ledger wallet and I'm not even sure if it does smth for my safety. basically I need to know, is there any benefits of storing monero on a ledger?

Whats the best way to store monero? Is it ledger wallet? also best way to mine monero? solo mining or joining the pool?

[Hueristic]

I see the network hashrate was somewhere around 470-480Mh/s a week ago and its over 550Mh/s now. I knew it would increase some with the recent surge in value, but increasing almost 25% in a few days seems a little suspect. Anybody know if it's just miners switching over for the profitability?

Hash rate last month was from like 420-490Mh/s  now is like 500-550Mh/s, that is less then 20% increase. Yes last few days price of Monero went up for more in Bitcoins and in USD. So yes is normal that miners will switch. You can mine Monero with any CPU and GPU so Monero miners have lots of freedom what to use their hardware.

Someone give me a F and P and G and A, FPGA!

Yeah those Hybrid FPGAs are hitting the streets now.

[Ryuuma]

Monero is quite popular among miners.As the other cryptos continue to fail, Monero will have a much more important place.

[Raja_MBZ]

So, I'm setting up a ledger wallet using this guide https://www.reddit.com/r/Monero/comments/8op6cp/ledger_cli_guides_requires_cli_v01220/

It requires me to get fully synced before I can setup it up on ledger. Will I need to also sync in the future on ledger or is it one time thing? Also it doesn't seem like typical ledger wallet and I'm not even sure if it does smth for my safety. basically I need to know, is there any benefits of storing monero on a ledger?

Whats the best way to store monero? Is it ledger wallet?

Go with paper wallet.

[lokkytan]

Monero is quite popular among miners.As the other cryptos continue to fail, Monero will have a much more important place.

Yes I think it's true, Monero was among the powerful, he's sticking with falling market conditions. It's all because of their hard work team and they also have a lot of support with partners who are ready to help.

[ourcoin1]

Monero is one of the best long term investment.

[7jaka7]

This recent drop isn't because people are selling XMR but because of Bitcoin's market price changing. Monero is looking good overall with minor drop which happens due to panicked selling. We will always have people among us those react emotionally and panicked to each increase or decrease. This is crypto land.

Whats everyone opinion in the long term of crypto market? looks like the bear market is not over yet?

I personally am pretty bullish. You never know, maybe yes maybe no.

Will monero be the next bitcoin when the bull market returns? looks like atcoins and bitcoin follow the same trend, either up or down

I doubt. Bitcoin is still known far more to general population then Monero. But in the future you never know.

Join Monero speculation thread: https://bitcointalk.org/index.php?topic=753252.0.

Whats the best way to store monero? Is it ledger wallet? also best way to mine monero? solo mining or joining the pool?

Probably safest ways to store Monero are Ledger and paper wallets.
Probably better to join the pool, since you'll need a lot of time and some luck to get reward on solo mining.
Join Monero mining thread: https://bitcointalk.org/index.php?topic=653467.0.
(edited: seems like they moved discussion on official Monero forum: https://forum.getmonero.org/)

I advise you to read OP and check https://getmonero.org/ for starters.

[Marvell2]

whens the new pow fork?

[Febo]

whens the new pow fork?

In October. Exact date will be probably known this month. Developers meetings when such things gets decided are every second Sunday.

[estenity]

So, I'm setting up a ledger wallet using this guide https://www.reddit.com/r/Monero/comments/8op6cp/ledger_cli_guides_requires_cli_v01220/

It requires me to get fully synced before I can setup it up on ledger. Will I need to also sync in the future on ledger or is it one time thing? Also it doesn't seem like typical ledger wallet and I'm not even sure if it does smth for my safety. basically I need to know, is there any benefits of storing monero on a ledger?

Whats the best way to store monero? Is it ledger wallet?

Go with paper wallet.

thank you.

[lncm]

Wasn't a hard fork due each 6 months?

[Samarkand]

Wasn't a hard fork due each 6 months?

I remember that fluffypony said that they wanted to change the hard fork interval
to once every year once Monero is more mature. But apparently they are still going with
one hard fork every 6 months.

However, the Monero hard forks are usually pretty quiet and don´t
come with the drama that is surrounding most BTC forks or the
recent BCH hard fork debacle  

[elrippos friend]

Either

https://www.youtube.com/watch?v=8zfYO9sZjrE

or

https://www.youtube.com/watch?v=BiL1nkhfsHI

Both are good are fine for me 

[Sipizter]

Oh noes! Rpietila's castle was destroyed last night in a fire. Sorry that the news is in finnish but couldn't find english source:
https://www.hs.fi/ulkomaat/art-2000005820143.html

[jwinterm]

Oh noes! Rpietila's castle was destroyed last night in a fire. Sorry that the news is in finnish but couldn't find english source:
https://www.hs.fi/ulkomaat/art-2000005820143.html

After all his scam bullshit I'm gonna just assume insurance fraud.