mcfom
Legendary
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Activity: 1260
Merit: 1001
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September 06, 2018, 09:17:29 AM |
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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.
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legday
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September 06, 2018, 12:52:23 PM |
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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? |
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7jaka7
Sr. Member
Offline
Activity: 629
Merit: 276
BTC, ETH, XMR, LTC
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September 06, 2018, 02:24:08 PM |
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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-guiYou 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. |
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Febo
Legendary
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Activity: 2534
Merit: 1266
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September 06, 2018, 03:19:13 PM |
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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. |
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garytheasshole
Full Member
Offline
Activity: 406
Merit: 104
Chosŏn Minjujuŭi Inmin Konghwaguk
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September 06, 2018, 05:04:21 PM |
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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! |
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theleaf
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September 06, 2018, 05:41:18 PM |
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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? |
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theleaf
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September 06, 2018, 05:42:20 PM |
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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 |
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theleaf
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September 06, 2018, 05:43:10 PM |
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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? |
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Hueristic
Legendary
Offline
Activity: 2758
Merit: 2025
Doomed to see the future and unable to prevent it
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September 06, 2018, 06:16:09 PM |
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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. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Ryuuma
Jr. Member
Offline
Activity: 182
Merit: 1
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September 06, 2018, 08:26:48 PM |
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Monero is quite popular among miners.As the other cryptos continue to fail, Monero will have a much more important place.
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Raja_MBZ
Legendary
Offline
Activity: 1694
Merit: 1393
Any questions related to my signature site? PM me!
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September 06, 2018, 08:35:20 PM |
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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. |
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lokkytan
Jr. Member
Offline
Activity: 74
Merit: 1
Look ARROUND!
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September 06, 2018, 08:43:18 PM |
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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. |
ARROUND || Decentralized Augmented Reality Platform || ARROUND
Look ARROUND! |
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ourcoin1
Copper Member
Newbie
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Activity: 64
Merit: 0
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September 06, 2018, 08:55:35 PM |
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Monero is one of the best long term investment.
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herominers
Jr. Member
Offline
Activity: 338
Merit: 6
https://herominers.com
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September 07, 2018, 07:25:05 AM |
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Monero Mining Pool by HeroMinersPool Url: https://monero.herominers.com/https://monero.herominers.com/Payout threshold: 0.3 XMR Denomination Unit: 0.001 XMR Payment Interval: 30 minutes Pool Fee: 0.5% Dedicated Server Can Mining Directly To Exchange (Integrated,paymentID and subaddress support) Worker hash rate charts E-Mail Notification Of Miners Down Configurable minimal payout Telegram worker and payment notification bot. Discord Channel: https://discord.gg/gvWSs84Save your Hashrate!
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7jaka7
Sr. Member
Offline
Activity: 629
Merit: 276
BTC, ETH, XMR, LTC
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September 07, 2018, 08:04:24 AM |
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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. |
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Marvell2
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September 07, 2018, 12:36:15 PM |
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whens the new pow fork?
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Febo
Legendary
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Activity: 2534
Merit: 1266
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September 07, 2018, 04:33:10 PM |
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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. |
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estenity
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September 07, 2018, 05:18:04 PM |
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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. |
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lncm
Member
Offline
Activity: 376
Merit: 13
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September 07, 2018, 06:29:53 PM |
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Wasn't a hard fork due each 6 months?
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Samarkand
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September 07, 2018, 06:37:36 PM |
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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  |
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