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  • Are you ready for November 30? November 16, 2019
    Rig parts : Ryzen 9 3900x 2x 3000mhz 16gb ddr4 1x3200mhz 8gb ddr4 (looks like i need RAM upgrade to reach full performance) ​ https://preview.redd.it/wq2haqlpe3z31.png?width=2919&format=png&auto=webp&s=45630a7fa48f3872ca0705049f2439a585423f23 CPU OC -4300mhz CPU core voltage 1.25v Dram voltage 1.3v ​ https://preview.redd.it/hh7vamxqe3z31.png?width=2822&format=png&auto=webp&s=94d04c92b9c8925ac6c5c84694c55bd1c27d7131 CPU OC -4300mhz CPU core voltage 1.15v Dram voltage 1.3v ​ Video on channel in next couple days […]
    /u/mineshop
  • Don't Forget to Vote - Help choose the next Konferenco city. November 16, 2019
    submitted by /u/Thunderosa [link] [comments]
    /u/Thunderosa
  • World Crypto Con 2019 | Interview with Diego Salazar (Monero) November 16, 2019
    submitted by /u/fluffy_doggy [link] [comments]
    /u/fluffy_doggy
  • /r/Monero Weekly Discussion – November 16, 2019 - Use this thread for general chatter, basic questions, and if you're new to Monero November 16, 2019
    Index General questions Wallet: CLI & GUI Wallet: Ledger Nodes 1. General questions Where can I download the Monero wallet? There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. Attention: for extra security make sure to calculate and compare the checksum […]
    /u/AutoModerator
  • Reward: Up to 0.1 XMR for testing /u/MoneroTest with me November 16, 2019
    So the tl;dr is I've been making huge changes to the Monero Reddit tip bot lately, but I don't want to push them live in case something breaks. This means /u/MoneroTipsBot has been getting neglected lately, and I want to get it up to date with the latest codebase. But, there's not much interest in […]
    /u/OsrsNeedsF2P
  • YadaCoin’s experience forking to RandomX November 16, 2019
    submitted by /u/yadacoin [link] [comments]
    /u/yadacoin
  • My first step into Privacy! November 16, 2019
    submitted by /u/HurtazHolism [link] [comments]
    /u/HurtazHolism
  • Will someone sell me some monero? November 16, 2019
    I cant find a good place to buy monero, and I only need like 10 dollars worth. Will someone be interested in seeing me monero? Il payapl you the money submitted by /u/MasonMTMW [link] [comments]
    /u/MasonMTMW
  • Wheres a good place to buy monero? November 16, 2019
    I've signed up for a few places, but they wont let me buy. Any exchanges that you guys can let me in on? I'm in Canada by the way submitted by /u/MasonMTMW [link] [comments]
    /u/MasonMTMW
  • Monero on Trezor T November 16, 2019
    I'm definitely NOT too tech savvy when it comes to code. I've done some simple looking in various places and it seems like a lot of work to add a wallet for Monero to the Trezor. Is this still the case or are there any plans to integrate it with the Trezor along with the […]
    /u/TheHairyScribe

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What Is Monero ?

Monero denoted as XMR is a decentralised open-source cryptocurrency that focuses on privacy, security and scalability. Monero has cryptographic security features that shields are sending and receive and also amount transacted to be seen by prying eyes of the public. Monero is private, secure and untraceable.

We feel awkward whenever our account officer in a bank check our account details for one transaction or the other, as we think a second party is watching everything about our transactions. Bitcoin cryptocurrency came, and we started jumping up in celebrating thinking that, our financial transactions are enveloped with privacy.
Do you know that your transactions in bitcoin blockchain are viewed by the prying eyes of the public because those transactions exist in public ledger?
A group of people noticed this flaw and founded a cryptocurrency blockchain which the second party can never view transactions. That cryptocurrency is called Monero, and it was launched in 2014 by a team of seven developers.

Three extra features that made sending and receiving money more secure in Monero

Monero implements these three functions in its blockchain, they are:

Ring signatures: This feature shields where the money is coming from.

Stealth Addresses: This feature shields the destination where the money is being sent to.

RingCT (Ring Confidential Transactions): This feature shields the amount being sent.

 

THE TEAM

The Monero’s team consists of seven developers, and five chose to be anonymous. The other two known faces include David Latapie and Riccardo Spagni aka “Fluffypony. These men are security experts and also experienced managers.

Practical Uses of Monero

  • It protects one’s online identity from the prying eyes of the public.
  • It is used for payment solutions.
  • Some banks use Monero’s blockchain platform for transactions.
  • It is an entirely anonymous cryptocurrency that makes people’s wealth private and fungible. Some law enforcement is having a running battle tracing people’ wealth in Monero.

Mining of Monero

Monero uses Proof of Work(PoW) called CryptoNight to mine and fully implements CPU/GPU computational power. There is no ASIC meaning anyone can mine so long as you have the required hardware and the technical know-how. Monero’s mining algorithm reduces the performance gap making XMR more expensive to mine.

You can decide to go solo mining or pool mining. In solo mining, you have enough computational power and payment of rewards comes quickly. In pool mining, there is a little fee attached to it, and there is no much computational power. The good thing about pool mining is that resolution of cryptographic problems comes faster and more blocks are added to the blockchain. The rewards are a little bit delayed.

Whichever method one chooses, mining Monero is painstaking but profitable.

Notes for Investing

Monero (XMR) has maintained a positive showing in the market capitalisation over the last 12 months, becoming a sensation in the market. The stability, privacy and worldwide acceptability Monero are getting has made it, a good investment option. In June 2016, the market capitalisation has increased from $5 million to $183 million while in July 2017.It has gotten to $720 million.

Those who purchased XMR in May 2016, got it less than $10 but today, it is over $100.Investment analysts have predicted that it will hit $200 before July 2018.It is a good investment option considering the cryptographic gladiators backing Monero.

MUST READ!

You need to note that, cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice.
I wish you success!