Monero’s technology allows all transactions to remain 100% private and untraceable. Monero, however, is both decentralized and private. This means that transactions sent in Bitcoin are public and out there for everyone to see.Įven though Bitcoin is decentralized, it is not private. Everyone can see who the sender is who the receiver is. If Carl sends Ava some money using Bitcoin, the transaction is visible to everyone on the network. If Carl and Ava want that their transaction remains untraceable and private, then Monero may be their best option. So, why would Carl use Monero? How Monero is Different from Bitcoin? If you have no idea where to start, consider Binance and KuCoin. Simply pick a crypto exchange that supports Monero and have it in your wallet in no time. On top of that, you'll also be able to find out about some of the best XMR mining platforms, such as Minergate and CCG Mining.īefore jumping to mining, though, it’s important for you to know that there is a so much easier way to obtain Monero than mining it. So, by the end of this guide, you will have a clear understanding of what Monero mining is, and whether you should do it or not.
MINERGATWE HASH CALCULATOR SOFTWARE
Monero mining might seem confusing, and you may have many questions such as: how does it work? What kind of software and hardware do I need? How do I start? How long does it take to mine one XMR?īut here’s the good news - today I will answer all these questions and many more related to Monero mining.
The growth that Monero experienced last year has brought a lot of attention to XMR mining.
So, if you are thinking about Monero mining, then you’re not alone. It went up from $10 in January 2017 to $494 in January 2018, giving a return of around 4800% to its investors. Monero has become a favorite among investors and miners because of its powerful performance last year. Created in April 2014, today it is the 10 th largest cryptocurrency with a market capitalization of $1,5 billion. In the highly-competitive market of cryptocurrencies, Monero ( XMR) has created a place for itself.
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