Monero Topic - Our Suggestion

Litecoin vs Monero as an interesting question because these two cryptocurrencies are similar in some ways. Both rely on blockchain technology that first saw the light of day Bitcoin, the currency that launched a whole new marketplace that is still growing. Today, that market is awash with many similar cryptocurrencies that have built on what Bitcoin started, with some of them taking the original idea further. What do we mean by further, and what does this have to do with Litecoin vs Monero? Well, for all its game-changing modernity, Bitcoin as one of two shortcomings. Isn’t as private as it could be. All blockchain-based coins provide so...   Read more

Dash was a Bitcoin fork that launched in 2014 as Xcoin, and subsequently adopted the name Darkcoin.  The idea with creating Dash was to overcome the privacy and transaction speed shortcomings of Bitcoin. It can take 10 minutes to process Bitcoin transactions, and the public ledger that is its decentralized blockchain, unfortunately, allows anyone to examine transactions and potentially identify the parties involved. In contrast, Dash transactions can be completed in seconds and participants remain anonymous, thanks to a conjoined mixing technique that helps to hide their identities.  As of this writing, DASH is sitting in 19th position on the list of top cryp...   Read more

Since we are looking at Monero vs Zcash, let’s think about the reasons why you might want to choose cryptocurrencies that keep your transactions totally private at all. They are the same as the reasons for wanting to keep anything else you might do under wraps. It could be that you distrust the way that governments and corporations now routinely harvest and trade your personal data and you believe that some things should remain private to you, or it could be that you’re a criminal who wants to hide the transactions that could get you locked up. Many other good reasons no doubt lie at different points on the scale between these two ...   Read more

Monero vs Bitcoin - which one is the better investment? Cryptocurrencies are an intriguing investment opportunity but they can be difficult to price because their intrinsic value isn’t always obvious. What are they really worth? Neither Monero or Bitcoin pay dividends like shares do, and they can’t be used to make anything practical like commonly traded metals either. Outside of the trading environment, it’s perfectly possible to value something like copper thanks to the traditional barometer of supply and demand, because copper has many applications in industry, but with Monero or Bitcoin it’s not so easy.  Crypto...   Read more

The best Monero exchanges are the ones that will be able to offer you the quickest route to buying Monero. They will support the storing of fiat currencies and facilitate Monero transfers. Monero’s initials are XMR, and to sign up for an XMR exchange is simplicity itself. You’ll just need to create an account using typical personal information like photo ID and your address. Once you’ve added a credit card or bank account, you’ll be ready to get started. Do be aware that a lot of crypto exchanges will sting you with an extra fee if you decide to use a credit card to buy your currency, but however you decide to pay,...   Read more

Monero trading for beginners doesn’t need to be intimidating. It’s true that dealing with cryptocurrencies is not as straightforward as buying and selling traditional assets like stocks, and it’s also true that some cryptos (as they’re often called) have experienced dramatic swings in price, but once you understand the basics you’ll be able to take part in Monero trading with confidence. There’s no need to be put off by the technological nature of these assets either. You don’t need to be an expert on the underlying concepts to buy and sell them, any more than you need to be a ...   Read more

It’s been a while since Monero was created, but its presence on cryptocurrency exchanges is still weak. The main reason for this is that it’s based on algorithms focused on privacy primarily, demanding considerable technological effort to implement effectively. Regardless, more and more crypto marketplaces offer Monero in exchange for numerous currencies, such as USD, GBP, and EUR. To buy Monero (and then sell Monero), you need to take the following steps: Choose the right cryptocurrency exchange for you Create an account at your chosen cryptocurrency exchange ...   Read more

In this guide to Monero mining algorithms, we explore the most popular options: CryptoNight and RandomX. Monero CryptoNight Algorithms Monero (XMR) is the most well-known cryptocurrency to incorporate CryptoNight, despite the algorithm being made for Bytecoin (BCN) originally. As with the Ethash algorithm, ASIC resistance is the primary aim of CryptoNight. However, it’s also designed to strengthen relevance on CPUs by being less efficient for running on GPUs. CryptoNight’s performance has high sensitivity to memory latency, as it incorporates a ...   Read more

What is Monero Cloud Mining? Monero ( aka XMR) is a cryptocurrency celebrated for its privacy, which is obviously a priority for anyone considering investing in a cryptocurrency. Monero cloud mining involves renting or buying equipment from a provider, which is designed to extract Monero on your behalf. More in-depth guidance to cloud mining in general is available in our main dedicated page, so head over there if you’re looking to learn the fundamentals. What Providers Can Be Used for Monero Mining In The Cloud Safely? There’s only one site for cloud mining which has a Monero...   Read more

Since it was launched in April 2014, Monero (XMR) has established itself in the highly competitive cryptocurrency world strongly. It’s actually the 10th biggest cryptocurrency at the time of writing this guide, and boasts a market capitalization of more than $3bn. It’s an amazing achievement. Miners and investors have taken to Monero in droves, due to its impressive market performance within a relatively short space of time: Monero rose from $10 in early 2017 to a jaw-dropping $494 at the start of the following year. This brought its investors a return of approximately 4800 percent. Nobody could be disappointed in this outcome. Tem...   Read more