dEBRUYNE
Legendary
 Offline
Activity: 2268
Merit: 1141
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August 29, 2017, 11:07:41 PM |
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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 |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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elrippos friend
Full Member
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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August 30, 2017, 04:58:37 AM |
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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  |
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je@ngrey83
Member
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Activity: 61
Merit: 10
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August 30, 2017, 08:39:00 AM |
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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. |
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- ESPERS -
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August 30, 2017, 09:24:04 AM |
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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.
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Coindgr
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August 30, 2017, 04:59:53 PM |
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I don't think so. Hard to compare BCN with Monero if you check old times...
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Orbolon
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Activity: 77
Merit: 10
CoinCrate.net
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August 30, 2017, 05:05:39 PM |
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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. |
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zacharycebu
Newbie
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Activity: 52
Merit: 0
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August 30, 2017, 05:34:04 PM |
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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  |
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cryptmount
Newbie
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Activity: 20
Merit: 0
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August 30, 2017, 06:18:58 PM |
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perfect project second btc  |
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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August 30, 2017, 06:42:57 PM |
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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 The notification is currently not displayed anymore. Thus, it seems like their wallet is up and running again. |
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zacharycebu
Newbie
Offline
Activity: 52
Merit: 0
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August 30, 2017, 06:48:35 PM |
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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  |
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elrippos friend
Full Member
Offline
Activity: 1179
Merit: 210
only hodl what you understand and love!
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August 30, 2017, 07:01:13 PM |
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With top volume on Polo and Bittrex Yeeeaaahhhh sure mate |
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Kraddler
Member
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Activity: 116
Merit: 10
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August 30, 2017, 07:22:05 PM |
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Nah, Monero generates them too much fees (F**k BCN, need x3 to sell it without loss  ) |
░▒▓█ / / /x42/ / / WELCOME TO FEELESS FUTURE! █▓▒░ |
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Johnny Mnemonic
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August 30, 2017, 08:00:49 PM |
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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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je@ngrey83
Member
Offline
Activity: 61
Merit: 10
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August 31, 2017, 06:54:23 AM |
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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. Hi there, thanks for the reply. Well indeed offshore holding can hold anything, from the ownership of a flat (rare nowadays) to the ownership of a company (and this instead many do). I am not saying that this type of holdings will be converted to monero (or to be fair to any other stealth coin, there are more than a few out there). But there are equally a lot of people that just purely hold money on a Hong Kong or Singapore account while instead they are resident elsewhere. Now, it is a fact that all these people will get affected by CRS, and many many of them will be caught unprepared. But I do believe that a few of them are getting acquainted with Crypto and start moving their money here. At the end of the day the only drawback of crypto is that from today to tomorrow the value can fluctuate big time. It usually goes up (and I like to believe that that is because continuous increase in adoption of trusted coins, that is faster than the generation of supply), but it can very well go down. Other than this I don't see why money sitting on a bank account is better than having the money sitting on a ledger of the blockchain. And since money on a bank account will starting having a big drawback starting 2018, then why not putting the money in Monero instead? (or other stealth cryptos) Going back to the start, originally it was commented that the jump is due to the opening of the market in Korea with direct exchange KRW/XMR; if that was true and the increase was due to the common investors (say like me, I don't have THAT many cryptos) then the hourly increase of coinmarketcap would be a steady: 2 / 3%, may be 5, may be even 6 or 7 if frenzy... however the hourly percent increase touched high double digits in an instant... twice actually if I remember well... And that, in my opinion, is possible only if BIG money floods in at once (I cannot quantify how big since the market cap is already big... billions of USD?). Cheers |
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MiNFoX
Member
Offline
Activity: 95
Merit: 10
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August 31, 2017, 07:29:16 AM |
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Hi, I have a very important and general question.
If I have lets say $1M dollars( a very large sum ) . How to buy and cash out Monero without being spotted from government institutions?
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ozkraut
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August 31, 2017, 08:01:02 AM |
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Hi, I have a very important and general question.
If I have lets say $1M dollars( a very large sum ) . How to buy and cash out Monero without being spotted from government institutions?
pay your taxes and enjoy profits in the open. Dont sell all. This is just the start imho |
Monero - Wir sind die Leute vor denen uns unsere Eltern gewarnt haben!
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bitcircle
Legendary
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Activity: 1540
Merit: 1002
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August 31, 2017, 08:21:22 AM |
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From my point of view Monero is getting ready for more big market I hope very soon it will reach $200. Current price is still very low as compare with it's competitor market than it has more superior tech and potentially it has room of growth to get more better position in coming days.
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MiNFoX
Member
Offline
Activity: 95
Merit: 10
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August 31, 2017, 08:36:19 AM |
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Hi, I have a very important and general question.
If I have lets say $1M dollars( a very large sum ) . How to buy and cash out Monero without being spotted from government institutions?
pay your taxes and enjoy profits in the open. Dont sell all. This is just the start imho Thank you for the suggestion but that doesn't answer the question  |
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