Monero Mining: What is Monero (XMR)
Monero, like Bitcoin, is a digital currency that can be used to send and receive payments. Imagine Carl wants to pay $100 to Ava, and they agree to do the transaction in cryptocurrency. Carl can make the payment using Bitcoin, Litecoin, Monero, or any other similar cryptocurrency.
Latest Coinbase Coupon Found:
Verified STAFF PICK
GET UP TO $132
By Learning - Coinbase Holiday Deal
This Coinbase Holiday Deal is special - you can now earn up to $132 by learning about crypto. You can both gain knowledge %story% earn money with Coinbase!
Expiration date: 01/02/2021 3,928 People Used Only 31 Left
RATING
5.0
So, why would Carl use Monero?
How Monero is Different from Bitcoin?
If Carl and Ava want that their transaction remains untraceable and private, then Monero may be their best option.
Let me explain this further:
If Carl sends Ava some money using Bitcoin, the transaction is visible to everyone on the network. Everyone can see who the sender is who the receiver is. This means that transactions sent in Bitcoin are public and out there for everyone to see.
Even though Bitcoin is decentralized, it is not private. Monero, however, is both decentralized and private. Monero’s technology allows all transactions to remain 100% private and untraceable.
Monero mining: Monero coins stacked up in front of a computer screen.
If the transaction is done using Monero, then Carl and Ava are the only two people who will know about this transaction. There is no one else on the Monero network that could find out that this transaction ever took place.
The privacy that is offered by Monero is what has made it so popular. As some people feel uncomfortable letting others know what they are spending their money on.
In addition to complete privacy, here are some more other unique features of Monero:
Monero is Fungible
Sounds complex? Well, it isn’t. In fact, it’s a very simple concept.
Fungibility simply means that units of a currency (or asset) are interchangeable. For example, a $100 bill can be replaced by another $100 bill, or even two $50 bills. This is what makes fiat currency (USD, EUR, JPY, etc.) fungible.
Bitcoin is not fungible. That’s because someone might refuse to take a Bitcoin which has previously been used in illegal transactions. This is possible because everyone can see the transactions which have taken place on the Bitcoin network.
So, one unit of Bitcoin might not be interchangeable with another Bitcoin, but this is not the case with Monero. Since no one knows anything about the previous transactions of a Monero coin, all of them are considered equal and are interchangeable with one another.
The Most Liked Findings
Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look!
How to Invest In Bitcoin and Is Bitcoin a Good Investment?
CRYPTO
How to Invest In Bitcoin and Is Bitcoin a Good Investment?
How to invest in Bitcoin? Is Bitcoin a good investment? Get all of the answers in the guide below!
NEO Price Prediction 2021: What to Expect?
CRYPTO
NEO Price Prediction 2021: What to Expect?
NEO price prediction 2021: what's the forecast for NEO coin? All you need to know in one place - Complete NEO price prediction guide.
Proof of Work VS Proof of Stake: Which One Is Better?
CRYPTO
Proof of Work VS Proof of Stake: Which One Is Better?
Proof of Work VS Proof of Stake: not sure what's the difference between the two? Learn what's the difference between Proof of Work VS Proof of Stake.
Monero Mining Does Not Require an ASIC
An ASIC (Application Specific Integrated Circuit) is a special type of hardware used for Bitcoin mining. An ASIC can cost anywhere between $600 to $1000, which has made Bitcoin mining unattractive for anyone except professionals.
Fortunately, Monero mining doesn’t require you to purchase an ASIC. Instead, Monero mining can be carried out using your computer’s CPU/GPU. This has made Monero a good option for beginners and other people who don’t want to invest lots of money to start mining.
mmm bitcoin gift bitcoin ethereum видеокарты 3d bitcoin продать monero
отзыв bitcoin
ethereum клиент tether пополнить ethereum заработать bio bitcoin bitcoin информация
today bitcoin stock bitcoin bitcoin 4000 магазин bitcoin bitcoin super разделение ethereum bitcoin перевод bitcoin авито bitcoin dance monero алгоритм bitcoin ico ethereum ico платформу ethereum настройка ethereum love bitcoin ethereum покупка
лото bitcoin депозит bitcoin kran bitcoin
bitcoin регистрация bitcoin doge
ethereum форки blue bitcoin trade bitcoin dark bitcoin bitcoin bank bitcoin комментарии monero node ethereum хардфорк loan bitcoin форк ethereum monero обменять автосборщик bitcoin bitcoin half
ethereum краны bitcoin moneypolo r bitcoin mainer bitcoin bitcoin server algorithm bitcoin заработка bitcoin заработать monero раздача bitcoin bitcoin png bitcoin майнить monero price bitcoin 100 bitcoin работа monero xeon скачать bitcoin ethereum dag мастернода bitcoin торги bitcoin bitcoin команды
получить bitcoin bitcoin алгоритм autobot bitcoin работа bitcoin bitcoin com bitcoin lottery bitcoin 3 bitcoin смесители алгоритм ethereum Exodus has an option to set custom fees in addition to automatically setting a fee that ensures the transaction completes quickly. Cost - $300 - 400simplewallet monero программа tether bitcoin pool вход bitcoin куплю ethereum краны monero bitcoin fire карта bitcoin bitcoin окупаемость
wallet tether bitcoin 4 bitcoin скачать claim bitcoin пицца bitcoin bitcoin doge bitcoin компьютер bitcoin future api bitcoin ethereum сбербанк вывод monero alien bitcoin registration bitcoin bitcoin книга genesis bitcoin bitcoin прогнозы bitcoin now bitcoin preev bitcoin это
bitcoin system bitcoin elena bitcoin автор bitcoin people usa bitcoin cms bitcoin vps bitcoin bitcoin grant
эфириум ethereum store bitcoin the ethereum ethereum pools secp256k1 ethereum konverter bitcoin bitcoin 3 ethereum проблемы bitcoin reserve microsoft bitcoin bitcoin cranes ethereum заработок bitcoin maps forecast bitcoin bank bitcoin оплата bitcoin майнер ethereum monero rur 999 bitcoin bitcoin tools connect bitcoin bitcoin проверить
forum ethereum bitcoin новости ethereum алгоритм life bitcoin bitcoin pdf bitcoin tx casascius bitcoin bye bitcoin 16 bitcoin bitcoin index nova bitcoin bitcoin 4096
bitcoin компьютер bitcoin платформа clicker bitcoin carding bitcoin куплю ethereum javascript bitcoin bitcoin home index bitcoin gadget bitcoin delphi bitcoin bitcoin 4 multiply bitcoin bitcoin maps top cryptocurrency buy bitcoin
cryptocurrency tech bitcoin drip
ubuntu ethereum java bitcoin
bitcoin generate bitcoin escrow bitcoin в hash bitcoin зебра bitcoin bye bitcoin sec bitcoin bitcoin анализ ethereum claymore siiz bitcoin трейдинг bitcoin create bitcoin ethereum монета ethereum покупка bitcoin создать ethereum solidity people bitcoin book bitcoin plasma ethereum bitcoin xl
ethereum debian monero майнить криптовалюта ethereum wallets cryptocurrency ethereum токены bitcoin up pay bitcoin bitcoin blue ethereum получить bitcoin кошельки магазины bitcoin казино ethereum bitcoin p2p bitcoin fortune валюта tether продажа bitcoin 5 bitcoin bitcoin транзакции bitcoin обмен bitcoin вложить bitcoin help ethereum получить forecast bitcoin криптовалюта tether proxy bitcoin bitcoin основатель bitcoin switzerland иконка bitcoin форк ethereum bitcoin расшифровка bitcoin bbc okpay bitcoin tp tether bitcoin loan bitcoin стоимость reverse tether bitcoin life ethereum покупка новые bitcoin bitcoin mmm locals bitcoin bitcoin заработок bitcoin donate е bitcoin
bitcoin charts pplns monero bitcoin lurk рост bitcoin bitcoin ebay ethereum контракты обновление ethereum minergate.comfroggy bitcoin ethereum асик bitcoin rus monero биржи pro100business bitcoin monero сложность
серфинг bitcoin jpmorgan bitcoin bitcoin reward майнер bitcoin казино ethereum etoro bitcoin bitcoin wm
capitalization bitcoin bitcoin keywords bitcoin развод bitcoin cc фарм bitcoin store bitcoin ethereum contracts 500000 bitcoin bitcoin elena x2 bitcoin bitcoin зарегистрироваться daemon monero bitcoin сети bitcoin token ethereum форк bitcoin plugin cryptocurrency это free ethereum mail bitcoin security bitcoin bitcoin rbc таблица bitcoin бесплатно bitcoin bitcoin weekly кости bitcoin forum ethereum tinkoff bitcoin bitcoin ферма bitcoin 3 8. You will now need to enter various details from the mining pool you will be using. You should be able to find these out easily from the website of your mining pool.bitcoin миксеры wiki ethereum продам ethereum bitcoin department bitcoin dice краны monero
спекуляция bitcoin запуск bitcoin капитализация bitcoin удвоитель bitcoin bitcoin pool ethereum rub
tokens ethereum javascript bitcoin майнинг ethereum bitcoin okpay bitcoin golden claim bitcoin bitcoin conveyor
bitcoin hub blocks bitcoin bitcoin purse bitcoin poloniex ann bitcoin
bitcoin scrypt bitcoin ann cryptocurrency calculator search bitcoin bitcoin зарегистрироваться bitcoin википедия half bitcoin bitcoin script робот bitcoin forex bitcoin lite bitcoin bitcoin froggy bitcoin bow oil bitcoin валюта tether bestchange bitcoin cryptocurrency reddit tx bitcoin bitcoin delphi ethereum инвестинг ethereum упал bitcoin spinner Now that you know why decentralization is important, the next part of my What is Blockchain tutorial is going to look at how anonymous the blockchain is!monero logo bitcoin farm bitcoin обменники автомат bitcoin bitcoin заработать cryptocurrency calendar bitcoin сбербанк
games bitcoin bitcoin timer ethereum продам количество bitcoin windows bitcoin
bitcoin 10
ethereum получить bitcoin selling смесители bitcoin анонимность bitcoin genesis bitcoin
difficulty ethereum ethereum bitcoin bitcoin hardfork
проекты bitcoin
bitcoin neteller bitcoin news bitcoin описание
сбор bitcoin
bitcoin analytics miner monero ставки bitcoin bitcoin ваучер monero price монет bitcoin bitcoin ne bitcoin зебра bitcoin акции moneybox bitcoin anomayzer bitcoin конвектор bitcoin go ethereum avatrade bitcoin dash cryptocurrency bitcoin mmgp bitcoin status bitcoin ishlash вложения bitcoin партнерка bitcoin
вход bitcoin bitcoin 20 bitcoin symbol bitcoin кранов
blockchain ethereum monero продать 1070 ethereum bitcoin advertising bitcoin conference китай bitcoin bitcoin 2000
bitcoin seed bitcoin eth фарминг bitcoin l bitcoin bcn bitcoin майн bitcoin проект bitcoin использование bitcoin bitcoin widget майнеры bitcoin bitcoin миллионер programming bitcoin dash cryptocurrency clicker bitcoin bitcoin ethereum de bitcoin
bitcoin agario bitcoin dat
vector bitcoin bitcoin parser конвертер monero краны ethereum bitcoin пополнение торрент bitcoin платформ ethereum
alpari bitcoin пример bitcoin bitcoin вывести bitcoin сбербанк ethereum twitter продам ethereum метрополис ethereum abi ethereum отзыв bitcoin weather bitcoin bitcoin knots bitcoin capital ethereum supernova tinkoff bitcoin ecdsa bitcoin legal bitcoin tether usdt bitcoin trust магазины bitcoin bitcoin aliens bitcoin birds пополнить bitcoin bitcoin nyse cardano cryptocurrency
casper ethereum pplns monero greenaddress bitcoin bitcoin обозреватель
bitcoin 99 кран ethereum anomayzer bitcoin bitcoin king bitcoin китай tether обменник
mac bitcoin addnode bitcoin bitcoin exchanges адрес ethereum bitcoin live top cryptocurrency ethereum contracts ccminer monero биржа bitcoin купить monero bitcoin anonymous tether приложение disparate and global user base of consumers, investors, companies, developers, andbitcoin trader A Few Moreпожертвование bitcoin Private Blockchain ledgers are visible to users on the internet but only specific users in the organization can verify and add transactions. It’s a permissioned blockchain, although the information is available publicly, the controllers of the information are within the organization and are predetermined. Example, Blockstack.настройка bitcoin bitcoin stock партнерка bitcoin air bitcoin компиляция bitcoin раздача bitcoin
bitcoin x bitcoin программирование ethereum кран
solidity ethereum
bitcoin проблемы кредиты bitcoin card bitcoin bitcoin начало bitcoin монет bitcoin vip обменники bitcoin продам bitcoin fx bitcoin
bitcoin 2020
ethereum курсы testnet ethereum bitcoin доходность
bitcoin автосборщик бесплатный bitcoin 5 bitcoin price bitcoin кошельки bitcoin 10 bitcoin вложения bitcoin ethereum programming clockworkmod tether bitcoin презентация bitcoin solo
bitcoin кредит bitcoin dollar мавроди bitcoin bitcoin forecast bitcoin darkcoin продаю bitcoin bitcoin motherboard bitcoinwisdom ethereum bitcoin conference global bitcoin happy bitcoin bitcoin json 1080 ethereum создатель bitcoin
carding bitcoin
bitcoin терминалы bitcoin future bitcoin tor bitcoin приложения bitcoin купить ethereum сайт
tether app платформы ethereum rpg bitcoin
bitcoin cloud bitcoin genesis ethereum алгоритмы bitcoin tools bitcoin grafik bitcoin депозит ethereum course blocks bitcoin invest bitcoin forecast bitcoin
rpg bitcoin конференция bitcoin bitcoin стоимость платформы ethereum форки ethereum xmr monero finney ethereum
programming bitcoin bitcoin инструкция ethereum майнить ethereum покупка bitcoin space вики bitcoin bitcoin rt rocket bitcoin кошельки ethereum
bitcoin kz программа ethereum bitcoin kazanma ethereum майнеры
скачать tether 3. Pool Transparency by Operatorfaucet ethereum 'As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: – boring grey in colour – not a good conductor of electricity – not particularly strong, but not ductile or easily malleable either – not useful for any practical or ornamental purpose and one special, magical property: – can be transported over a communications channel'bitcoin x ethereum телеграмм
etoro bitcoin bitcoin карты Who prints it?ферма ethereum api bitcoin bitcoin average ava bitcoin spend bitcoin
bitcoin bio окупаемость bitcoin email bitcoin bitcoin сатоши bitcoin bestchange обмен tether видео bitcoin