00:24:42 Hello I'm new to monero 00:24:49 Hello 00:25:18 Can someone please recommend the best mining software for monero 00:25:36 You should make a local node then use xmrig 00:26:25 Little details..I only used to mine ETH before and it's been a long time I almost forgot everything 00:26:54 Ok, First download monero gui https://www.getmonero.org/downloads/ 00:27:49 Then select advanced node, This will allow you to sync your node, But warning it will use a lot of storage space, A local node is safer then using a remote node, Remote nodes can be hacked 00:28:42 Don't worry I've 1 tb SSD and 2 tb harddrive 00:29:12 Ok, Same I got 1 TB SSD and 2 TB hard drive, 8TB Hardrive 00:29:52 Let me be there okay thanks 00:30:22 You're welcome, If you have any questions just message me 00:31:15 I think cui is better as I've better specs 00:31:55 But it takes a lot of time to dive into right 00:32:15 It's okay I'll start from gui 00:32:55 Or simply go on MoneroOcean, get the MO-XMRig, and it'll mine the most profitable coin there is and get you paid in Monero. 00:32:56 You don't even have to download the entire Blockchain that way. 00:34:40 If you want to heat your room you can also mine with your GPU on Monero Ocean and get paid in Monero as well. That's how I heat in the winter. 00:35:39 I want to heat so I'm here as it's been a long time I left mining and forgot the process..I think monero will be good so I want to give a try 00:37:40 I currently have 2 rtx 3080 with zero electricity bill how much I can make by analysing this market 00:37:59 It's more of cpu mining then gpu 00:38:11 I've i9 00:38:19 But only one 00:38:44 Ok, Should be good to start out 00:38:56 https://whattomine.com/ 00:38:58 https://xmrig.com/benchmark 00:39:10 First link for your GPUs, second link for your CPU. 00:39:30 I'll start with the wallet first 00:39:45 Serucity first 00:39:48 Security 00:40:20 Also zero electricity bill doesn't exist. Someone is paying for it so make sure you're fine stealing from him or her. 00:40:50 My company pays for that 00:40:55 No worries 00:42:30 Before I used binance and minerstat for Eth I was pretty good then but due to mining difficulties I stopped 00:42:43 Thanks for your help appreciated it 00:46:30 l​etthegamebegins:matrix.org: My company pays for that 00:46:32 Then fire xmrig at every node that has a few CPU cores free ;-) 00:52:49 what is the cost to Mine 1 XMR? 00:53:35 Zero 01:02:46 :-) 01:12:03 you must me smarter than AI :D as per AI response "The cost of mining 1 Monero (XMR) varies significantly depending on numerous factors, notably hardware efficiency, electricity costs, mining difficulty, and the current network hashrate. Unlike Bitcoin, which relies on ASIC devices for optimal mining, Monero uses the RandomX algorithm, favouring CPU and GPU mining. As a result, co 01:12:04 sts can differ widely based on the selected hardware and geographic region (Smith 2022, p. 48). This essay provides an illustrative calculation to demonstrate how one might estimate the cost of mining 1 XMR. 01:12:06 To begin, assume a single GPU with a hashrate of 1,000 H/s (hashes per second) and a power consumption of 150 W. Let us set the electricity rate to USD 0.10 per kWh. Over the course of 24 hours (86,400 seconds), the total energy consumed can be calculated as follows: 01:12:08 Energy consumed per day = (Power consumption × Time) / 1,000 01:12:10 = (150 W × 86,400 s) / 1,000 01:12:12 = 12,960 Wh 01:12:14 = 12.960000 kWh 01:12:16 At an electricity rate of USD 0.10 per kWh, the daily electricity cost becomes: 01:12:18 Daily electricity cost = 12.960000 kWh × 0.10 USD/kWh 01:12:20 = 1.296000 USD 01:12:22 Next, the approximate number of days required to mine 1 XMR depends on both the network difficulty and the block reward. As of recent network conditions, the average reward stands around 0.6–0.7 XMR per block, and the difficulty has been observed in the range of 380,000,000,000 to 420,000,000,000. For simplicity, we can estimate 0.06 XMR earned per day at the given hardware setu 01:13:01 you must me smarter than AI :D as per AI response "The cost of mining 1 Monero (XMR) varies significantly depending on numerous factors, notably hardware efficiency, electricity costs, mining difficulty, and the current network hashrate. Unlike Bitcoin, which relies on ASIC devices for optimal mining, Monero uses the RandomX algorithm, favouring CPU and GPU mining. As a result, co 01:13:02 sts can differ widely based on the selected hardware and geographic region. This essay provides an illustrative calculation to demonstrate how one might estimate the cost of mining 1 XMR. 01:13:04 To begin, assume a single GPU with a hashrate of 1,000 H/s (hashes per second) and a power consumption of 150 W. Let us set the electricity rate to USD 0.10 per kWh. Over the course of 24 hours (86,400 seconds), the total energy consumed can be calculated as follows: 01:13:06 Energy consumed per day = (Power consumption × Time) / 1,000 01:13:08 = (150 W × 86,400 s) / 1,000 01:13:10 = 12,960 Wh 01:13:12 = 12.960000 kWh 01:13:14 At an electricity rate of USD 0.10 per kWh, the daily electricity cost becomes: 01:13:16 Daily electricity cost = 12.960000 kWh × 0.10 USD/kWh 01:13:18 = 1.296000 USD 01:13:20 Next, the approximate number of days required to mine 1 XMR depends on both the network difficulty and the block reward. As of recent network conditions, the average reward stands around 0.6–0.7 XMR per block, and the difficulty has been observed in the range of 380,000,000,000 to 420,000,000,000. For simplicity, we can estimate 0.06 XMR earned per day at the given hardware setu 01:16:51 The cost of mining 1 Monero (XMR) varies significantly depending on numerous factors <- I don't need any AI for that, just my brain 02:03:05 Yeah man if you don't have to bear the expenses it's far profitable 02:03:26 In that case the more power the better 02:15:31 It's amazing how bad AI still is at answering questions. It just spits out random text. Monero GPU is ineffective. Good AI would name a few CPUs that have the most computing power/energy consumption per watt/acquisition cost. 02:17:32 $websearch 'monero mining calculator' delivers better results than AI :-) 02:21:03 https://xmrig.com/benchmark https://www.monero.how/monero-mining-calculator 02:31:42 of course so called ai is complete garbage, starting with the name 02:31:59 it just copy pastes random garbage 12:46:41 Hiii 12:47:37 Recurrent question, as of today waist is the easiest way to buy xmr in the EU. I just used to get them kraken but that party is over😭 12:48:35 Any reason for recommending these services? Also, is it better to buy resellers VPSs from known companies like Hetzner? like https://mynymbox.io/ or servers.guru , or it is still processed by their backend? 12:48:45 or infra 13:11:27 i need to test urdn. I heard of them before 13:15:31 Have you checked if you can buy XMR in Cake Wallet? It has some on/off ramps baked into the application. 13:29:03 If you have a Kraken account just get some Litecoin there and swap it for Monero on Trocador. 13:29:37 If you don't have an account or anything and don't want to bother, just buy some with your credit card: 13:30:15 https://matrix.monero.social/_matrix/media/v1/download/chat.nicecrew.digital/LWLRQFQgUtWsXmTzcXWVbSNe 13:30:55 And if you're a nerd or don't want to use centralized systems you can buy some P2P on Reto Swap. 13:35:36 YES, this is the way 13:36:23 It is not about centralization, rather about them not having a copy of your ID ready to leak 13:39:29 Do you need ID to purchase within cake? I’m just curious 13:39:33 Depends 13:39:48 never tested it but I've heard peopl requiring to put ID 13:39:56 but its rare afaik 13:41:22 Ah maybe if they require ID for purchases over a certain amount and it may depend on the internal provider they choose since there are different options depending on where you are it seems 13:43:09 Maybe there are all sorts of other checks that may trigger it? 13:45:31 Most likely, and like any build in exchange you’re paying more than the market value 13:46:50 if the current price is 190usd for 1 xmr you’re paying 200 13:48:50 if you are using a CC for purchase, isn't that ID? 13:49:02 on cake 13:50:19 You mean as in linked to your real life bank account? 13:51:36 linked to your real life you 13:53:38 Indeed, it’s kinda the same if you make a trade on reto swap using WISE but that would really only be between the two individuals doing the transaction 13:58:21 Even that scenario if preferable to central exchange were they basically want your photo ID and possibly even proof of address and to know the source of your finances 13:58:32 Even that scenario is preferable to central exchange were they basically want your photo ID and possibly even proof of address and to know the source of your finances 14:20:59 Unless the seller is fed 14:24:52 Monero isn’t illegal to buy even though it’s been delisting from most exchanges 14:26:46 o​frnxmr imma not a fed, buy from me 14:32:18 If purchasing ltc from a centralised exchange they’ll probably just assume it’s going to be swapped for xmr 14:32:44 Why? 14:32:53 And who cares? Owning xmr isnt illegal 14:33:27 An exchange might not be allowed to sell it to you, but there's no law aginst using your ltc to buy xmr 14:33:38 Jsut a heads up that we don't resell hetzner anymore except for arm and cloud server. All other locations and plan are our own virtualization stack on dedis. 14:33:51 I know it’s just a thought considering how often that’s the advice people give when someone asks how to buy xmr 15:01:55 nioCat, yeah. Card is kind of an ID. But at least an ID that is easily cancelable and that can be kept at near-zero balance - thus useless for, say, taking a loan in your name. 15:03:47 I wish I could have disposable cards so that I have no fear about them being charged without consent, but have not found such a service here. And I mostly use cash anyway (before I cared for privacy, it was for this reason). 15:06:57 Resellers don't ruin the servers with crappy cloud-init scripts and network is secure. The first two options are not resellers. Mynymbox also has an option other than resells. I used all of these services before. 15:08:06 I'm not aware of any bad practices by mynymbox and servers.guru 15:08:16 a CC is a loan balance so a zero balance means that it can be used for a loan up to its limit 15:12:05 I haven't had a customer using their servers yet. That's how we ended up testing so many different providers. 15:14:08 nioCat, my card is debit tho. Never used a credit one, partially because of this. I avoid debt in general. 15:18:33 rando: in the case of kyun, they were misusing cloud-init. Cloud-init is meant to run once to provision the server. They were triggering it with qemu-exec to set SSH keys and passwords. So it didn't matter if the customer regenerated keys, those are reset by their cloud-init anyway. 15:19:24 > <@siren:kernal.eu> Resellers don't ruin the servers with crappy cloud-init scripts and network is secure. The first two options are not resellers. Mynymbox also has an option other than resells. I used all of these services before. 15:19:26 @basses:matrix.org: in the case of kyun, they are misusing cloud-init. Cloud-init is meant to run once to provision the server. They were triggering it with qemu-exec to set SSH keys and passwords. So it didn't matter if the customer regenerated keys, those are reset by their cloud-init anyway. 15:19:41 > <@siren:kernal.eu> Resellers don't ruin the servers with crappy cloud-init scripts and network is secure. The first two options are not resellers. Mynymbox also has an option other than resells. I used all of these services before. 15:19:42 @basses:matrix.org: in the case of kyun, they are misusing cloud-init. Cloud-init is meant to run once to provision the server. They were triggering it with qemu-exec to set SSH keys and passwords. So it didn't matter if the customer regenerated keys, those would reset by their cloud-init anyway. 15:22:04 > <@siren:kernal.eu> Resellers don't ruin the servers with crappy cloud-init scripts and network is secure. The first two options are not resellers. Mynymbox also has an option other than resells. I used all of these services before. 15:22:06 @basses:matrix.org: in the case of kyun, they are misusing cloud-init. Cloud-init is meant to run once to provision the customer's server. They were triggering it with qemu-exec to set SSH keys and passwords. So it didn't matter if the customer regenerated keys, those would reset by their cloud-init anyway. 15:23:05 > <@siren:kernal.eu> Resellers don't ruin the servers with crappy cloud-init scripts and network is secure. The first two options are not resellers. Mynymbox also has an option other than resells. I used all of these services before. 15:23:06 @basses:matrix.org: in the case of kyun, they are misusing cloud-init. Cloud-init is meant to run once to provision the customer's server. They were triggering it with qemu-exec to set SSH keys and passwords. So it didn't matter if the customer regenerated keys, those would be reset by their cloud-init anyway. 15:23:38 IRC is better than matrix because we get more words :) 15:24:28 IRC is better because it's much easier to host a server or a bouncer) 15:24:45 Sorry, having a bath. 15:25:07 \> Explain a vuln 15:25:08 \> "Sorry, having a bath." 15:25:10 \> Refuse to elaborate 15:25:12 \* gigachad \* 15:26:34 siren enjoy!! 15:29:39 I think you can find the scripts in question by searching for cloud-init in their public chat. 15:29:42 Thanks nioCat 15:39:15 Make sure to let us know if you do! 15:46:37 ok, thanks a lot 16:16:47 "Sorry, having a bath." cuz spam edit on IRC 16:16:48 also https://www.digilol.net/pentests/kyun-api-web.pdf is they report they have done on kyun, but missing the IP spoofing they recently discover (would be great if they updated their pentest report). 16:17:11 is the report* 16:24:08 you can contract or partner with them, pentest audits are good 16:55:35 There will be a blog post soon about that and several other common vulns in different providers. We're waiting for them to respond, if they ignore for now give them 3 months before public disclosures etc. 17:20:44 I will keep that in mind. We certainly should do that. 21:23:38 Thx bro. 21:24:26 Why is ltc preferred over other coins when swapping? 21:24:40 It normally has cheap fees 21:24:44 I've been out of the loop of cryptocurrencies 21:24:51 Oh OK gotcha 21:25:05 faster, cheaper, safer, trusted 21:30:48 Highly liquid 21:56:06 also not Bitcoin 22:12:04 is there a point to it not being bitcoin or is it just a religious howl? 22:15:42 i think there are multiple points 22:16:11 monero good cuz where i live people put monero stickers so they know it exists :D 22:17:05 Bitcoin is slow, expensive, and often considered dirty 22:37:52 There is no problem in using a Hetzner reseller if you host non-controversial stuff. Do keep in mind that any server provider will have access to your server even if you use FDE so Hetzner will have access to IP logs and such 22:43:40 BuyVM has a Luxembourg location if you don't mind serious CPU steal 22:54:15 i wanna do this but idk if i should worry about current crypto tax regulations 22:54:46 Depends on your country 22:55:00 murica 22:55:09 You have to report each time you spend/use crypto as a sell 22:55:21 i've definitely been reporting 22:55:28 😉 22:55:44 Buying on Haveno might be better if you wanna avoid tax agencies and don't plan on selling again 22:55:45 with all the wallets i lost i actually cant prove any of my money went anywhere 22:55:47 its like i never had it 22:56:30 market was dry last time i checked but its been a while so i bet there are a lot more people to trade with now 22:56:55 Usually plenty of options around the coingecko price 22:57:23 If there isn't just make an offer yourself and set the price to market price and someone will fill it quickly enough 23:31:46 I see that you already have an affiliate program. We're constantly on the look for secure Monero positive hosting providers to direct our customers to. You look like a good candidate :) 23:35:33 this has been fixed afaik 23:35:41 Hi 23:35:55 I wouldn't know, I'm not in their cesspit of a chat 23:36:40 would be a good idea to say that when you make a statement 23:36:46 but this used to be the biggest gripe of mine 23:37:04 it got fixed recently so now i can suitably host a tilde from kyun without worrying about host keys changing 23:37:14 Nah, that was quite recent 23:37:28 it was also fixed, quite recently 23:37:29 so Nah x2 23:37:43 Plus they don't pay and they're disrespectful so I don't care about tracking. If anyone is so involved in hosting there, they can figure out themselves. 23:39:03 they dont pay what 23:40:40 I'm concerned as long as our customers are concerned since they pay for audits. Currently none host there. 23:54:45 The audits, maybe, dum dum. 23:55:05 they didnt pay digilol? 23:55:24 Also I mentioned this here several times already and have given out how to track the vulnerability status. Whoever invited you here failed to relay this information. 23:55:26 I can recommend servers.guru myself. 23:55:39 Nooo!!! The IRS, who else? 23:55:42 > <@ky:fluffiest.net> would be a good idea to say that when you make a statement 23:55:42 Also I mentioned this here several times already and have given out instructions on how to track the vulnerability status. Whoever invited you here failed to relay this information. 23:55:53 whos this rottenwheel guy and why are they talking to me like a retard 23:55:57 not a very good first impression i'd say 23:56:11 Like a give two fucks what impression I give to you. 23:56:20 you got some sass in your pants my friend? 23:56:25 i got some extra jeans for you 23:56:29 dont worry 23:56:30 You want to take it out for me. 23:56:42 if it'll make you feel better princess 23:56:50 Cum here bb. 23:57:51 yes because i was invited to join a monero room not a security auditing room 23:58:03 whoever invited you here failed to relay the information that this is a **Monero** room 23:58:48 [@ky:fluffiest.net](https://matrix.to/#/@ky:fluffiest.net) hey dude! Make me a sandwich! 23:59:04 its Mz. actually 23:59:10 and say the magic word 23:59:11 Okay, Mr. 23:59:24 Make me a sandwich, bb. 23:59:49 >pls don't talk badly about kyun sar we're here to defend sar this is a monero room, not security audit room