<r​anger_emdin:matrix.org> reddit.com/r/MoneroMining/comments/…f/low_medium_and_high_starting_diff what do the ports matter?

<r​anger_emdin:matrix.org> for minging i mean

<r​anger_emdin:matrix.org> ty for the quick anwer last time, thank you :D

Different mining ports specified by pools have different starting difficulty

It doesn't really matter as the difficulty will adjust to the hash rate the pool receives from you

If the pool has a TLS port then choose that

<o​frnxmr:monero.social> The main reason for the ports, if you have a VERY powerful miner, dont choose the "low diff" port, or theyll ban you for ddosing their pool

<o​frnxmr:monero.social> It will still auto adjust, but good chance you get banned if it doesnt adjust fast enough

<o​frnxmr:monero.social> If you have a decent, single cpu rig, medium is usually fine. Or as nioc said, the tls/ssl port

<o​frnxmr:monero.social> Single cpu rig vs a bunch of rigs

Yes but many pools had several ports with relatively small differences in difficulty

<o​frnxmr:monero.social> Yeah. K use a fixed difficulty when i pool mine

Haven't look at pool ports in quite a while

<o​frnxmr:monero.social> Btw

<o​frnxmr:monero.social> Sir RangerEmdin: may i ask what pool youve chosen to mine on?

<o​frnxmr:monero.social> niocat, when are you going to fix the mining distribution

<o​frnxmr:monero.social> its very very bad

I mine on a small pool

<o​frnxmr:monero.social> Who the heck is minibg on support, hashvault, and nanopool.

<o​frnxmr:monero.social> should be a rule "dont mine on any pool with more hashrate than p2pool mini, unless its p2pool main lol.

<o​frnxmr:monero.social> Also, if you mine on c3pool, moneroocean or skypool, you havent been mining xmr for months

<r​anger_emdin:matrix.org> oh, i did tho. how long will it take for me to get baned? bc i didnt yet, im glaad

<r​anger_emdin:matrix.org> supportxmr.com3333

<r​anger_emdin:matrix.org> i dont rly know ANYTHING, so i just picked that one.

as ofrn qualified it " if you have a VERY powerful miner"

any single-cpu rig is probably no issue on port 3333

<o​frnxmr:monero.social> Also, if you mine on c3pool, moneroocean or skypool, you havent been mining xmr for months <- why do you say that?

<o​frnxmr:monero.social> Cuz its true

<a​lfieedwards:monero.social> Hello, could someone point me to a good article/discussion or explain how CEXes benefit on freezing withdrawals when XMR prices go up? Why exactly they keep fractional reserves, and not invest in XMR, not have full reserves of XMR or maybe can't fill them up? In short, what is their strategy. Thanks in advance!

<o​frnxmr:monero.social> If they freeze when price goes up, you cant withdraw

<o​frnxmr:monero.social> So to take profits, you sell

<o​frnxmr:monero.social> back to the exchange, who acts as a market maker

<s​tretch1:matrix.org> anyone ever had security incidents from opening ports / incoming?

<o​frnxmr:monero.social> Exchange gets a discount, because theyre buying it back at less than they sold to you

<s​tretch1:matrix.org> local home network

<o​frnxmr:monero.social> lots of ppl

<o​frnxmr:monero.social> Routers have bugs too

<o​frnxmr:monero.social> Opening _monero_ ports? Dont open ones that youre not supposed to (18081)

<a​lfieedwards:monero.social> So in short, by freezing withdrawals on a large scale, they make XMR price go down so then they can short sell XMR just like with Gamestop?

<o​frnxmr:monero.social> Yea

<o​frnxmr:monero.social> And thats why gme is a scam

<o​frnxmr:monero.social> should have, and still should short squeeze xmr

<o​frnxmr:monero.social> Binance is the #1 exchange i accuse of doing this. But i think ive seen "9m xmr" up for loan/margin on kucoin before. Clearly paper xmr

<a​lfieedwards:monero.social> Personally I suspect all of major CEXes of this, based on their recent withdrawal issues (even Kraken which seems to be kind of supportive on /r/Monero). Are there any alternatives to selling large amounts of XMR with comparable liquidity atm?

<a​lfieedwards:monero.social> By large I mean +1000. Probably I wouldn't find anyone on Bisq or LocalMonero willing to do such deal in one tx.

<a​lfieedwards:monero.social> Another approach would be, if short selling is strictly based on privacy coins and mainly on XMR, to somehow avoid direct sell/buy of XMR on CEXes? For example, exchanging XMR with lower amounts over time on Bisq/LocalMonero/other P2P to other coin(s), and then selling those accumulated other coin(s) on CEXex at some time? In other words, that could "take the fuel" from them.

<a​lfieedwards:monero.social> The target would be, for example a SWIFT transfer to an offshore. I guess that for some large OTR traders currently there is just no other way than to depend on CEXes.

<o​frnxmr:monero.social> I dont think kraken dies funny biz

<o​frnxmr:monero.social> Their volume is usually terrible

<o​frnxmr:monero.social> Not as your first trade, you wont

<o​frnxmr:monero.social> No

<o​frnxmr:monero.social> Thats why they get away with it

<o​frnxmr:monero.social> The way is to fight back

<o​frnxmr:monero.social> To put real orders on the orderbook, and make them remove their fake ones

<o​frnxmr:monero.social> And even if they block withdrawals, who cares. Set the xmr to sell at an insanely high limit. Just keep yoloing against the market makers who dont have xmr

<o​frnxmr:monero.social> Eventuslly theyll have to cover

<o​frnxmr:monero.social> If they just keep selling, and fractionally sell 18m xmr, for example

<o​frnxmr:monero.social> Its impossible to cover, just like gme

<o​frnxmr:monero.social> They have to buy real xmr at a massive loss from the people they owe it to, then deliver it to those same people at a loss, and then repeat

<o​frnxmr:monero.social> Until theyve purchased and sold 18m xmr (as in the example)

<o​frnxmr:monero.social> And when they buy it from us, its at 100k

<o​frnxmr:monero.social> Or whatever we agree to sell it

<o​frnxmr:monero.social> Tldr: short squeezes dont work unless you put your hands on the orderbook

<o​frnxmr:monero.social> Monerun is a joke

<o​frnxmr:monero.social> Yoloing into xmr, but then withdrawing, leaves the exchange to paper trade xmr down to a level where we all stupidly value our xmr at

<o​frnxmr:monero.social> So say we pump it to 250, then withdraw

<o​frnxmr:monero.social> Binance just brings it back to 170

<a​lfieedwards:monero.social> That would more likely bring them to fell like FTX rather than make me rich on short squeeze. Ok, it is probably debatable.

<o​frnxmr:monero.social> if you have xmr

<o​frnxmr:monero.social> They have to buy it from you

<a​lfieedwards:monero.social> Once I put my XMR in CEX it is no longer mine, just a word from them that I may have it back. And there are many ways, along with bankruptcy and KYC to not let me have them back.

<o​frnxmr:monero.social> Of course, the idea is to kill the exchange at the same time

<o​frnxmr:monero.social> You dont put your xmr onto the exchange

<o​frnxmr:monero.social> Yoy put fiat / usdt / btc on there

<o​frnxmr:monero.social> and buy xmr

<o​frnxmr:monero.social> Then set the xmr sell limits super high and walk away

<a​lfieedwards:monero.social> It could be fine for smaller amounts and done by many, many people. Then, each wouldn't have much to loose in this game.

<o​frnxmr:monero.social> 1. The limit sell is importabt

<o​frnxmr:monero.social> 2. Having > your expected return in xmr in self custody is very important

<a​lfieedwards:monero.social> I get your idea.

<o​frnxmr:monero.social> Thats how it works

<o​frnxmr:monero.social> Gme..

<o​frnxmr:monero.social> 18m xmr. It doesnt take much to move us to 15b market cap

<a​lfieedwards:monero.social> If it comes to a case of bigger fishes... Lets say that due to obvious privacy reasons I don't have any account at CEX. The problem is, traders do and when they accept XMR, for example, for a bank wire, they sell your XMR immediately to stablecoin like USDT (lets be real, it is always USDT) because the don't gamble with volatile crypto market prices, they prefer to hold USDT instead.

<a​lfieedwards:monero.social> So, wouldn't it be better doing big deals with those traders by: exchanging lower XMR amounts over time to lets say USDT, then doing a bigger deal with USDT on CEX while not giving CEX lots of XMR?

<a​lfieedwards:monero.social> That wouldn't harm CEX but it also would stop helping and providing them more XMR.

so let's put those limit sells in at $3000

<o​frnxmr:monero.social> Next monerun, lets do it

whales ITT making plans

<s​hadow:simplifiedprivacy.is> Public Backlash Forces an Extension on the US Surveillance Decision

<s​hadow:simplifiedprivacy.is> Today was supposed to be a pivotal moment where the US surveillance programs (that allow warrantless wiretapping) would either be reformed or expanded. Dual competing versions of the new bills were supposed to be voted on today in Congress, with only one moving forward. Instead surprisingly, due to public backlash, the Speaker of the House decided to pull both versions of the bill<clipped message>

<s​hadow:simplifiedprivacy.is> s from being voted on, and moved to extend the status quo.

<s​hadow:simplifiedprivacy.is> Get the inside scoop:

<s​hadow:simplifiedprivacy.is> simplifiedprivacy.com/decision