ride

  • 123 Posts
  • 250 Comments
Joined 2 years ago
Cake day: August 14th, 2023
  • ridetoMonero Mining•Why does AWS care if I mine crypto?English
    2·
    1 day ago

    someday, it is worth it to me, isn’t it?

    The chances of this happening are very high.

    • There may be legal reasons. Maybe nobody has anything against it, but they write it in to avoid falling into the trap of regulators. There are different laws around the world and you might have to comply with them.

    • The prices are presumably designed for the fact that users do not utilize one hundred percent of the CPU performance all day long. Even if it is billed according to use.

    • Perhaps they run mining software themselves in idle mode or reserve this option for themselves.

  • ridetoMonero•The Monero pump finally explained! ... maybeEnglish
    2·
    10 days ago

    … maybe

    • Large miners connect entire warehouses full of computers to the Monero network.
    • The new Tari token also uses the Monero network for its consensus mechanism and increases the popularity of Monero. Even among long-established graphics card miners.
    • The price increase boosts profitability and so more workers come to mine.
    • The popularity of privacy increases as there is more and more surveillance, control and censorship by states. Privacy is also being talked about and worked towards in communities of other large networks, e.g. ADA and BCH.
    • There is less Monero than there is Bitcoin and scarcity is popular due to the widespread HODL mentality.
    • As the price rises, the ranking in many lists rises, which in turn attracts the attention of investors.
    • Large sums are routed through Monero as it guarantees uncensorability due to its privacy. This was also the case recently with Bitcoin worth 330 million US dollars.
    • Many online markets now only offer Monero, as it is untraceable and thus offers security for buyers and sellers.
  • ridetoMonero•Try out Haveno (if you haven't already)English
    3·
    14 days ago

    The first time I used it, I found it inconvenient that the program had to be executed for it to work. But that’s the way it’s designed, as a program for decentralized trading that everyone who wants to use the system has to run. It should also soon be available for mobile devices. A decentralized trading platform for your pocket! Really fascinating and a vision of the future that has become reality!

  • ridetoMonero•New research about Haveno shows XMR/BTC trades are traceableEnglish
    3·
    22 days ago

    So: stick with Monero. It is a common misconception that swapping back and forth makes sense. If you want to store value, you should store it in the more secure Monero and, if you need to use BTC, exchange the required amount into BTC at the time of payment.

    When exchanging BTC for XMR, it is a necessary evil that you have to use the BTC. But once you have exchanged them for XMR, you are on the safe side.

  • ridetoMonero Mining•Supportxmr allegedly withholding Tari rewards from usersEnglish
    1·
    24 days ago

    You can trust supportXMR. The operator is well-known and a long-standing supporter of Monero. Botnets are also actively banned there. Nevertheless, the statement that centralized providers should only be trusted to a limited extent is correct, as they are always a vulnerable central point. Another trustworthy pool that has shown its deep understanding in the past is hashvault. There is also a reliable Tor connection.