Mining Monero does not require special equipment. Let’s go over the checklist and explain what’s what. a Monero mining pool (in case you don’t want to mine XMR solo).a PC with a reliable Internet connection.Here is a simple checklist before you start mining XMR: So, that means you need a PC and a few special programs. Just like any other crypto mining, Monero mining requires proper software and hardware. Put down your pickaxe and lantern - you won’t need them. How about mining XMR like a passionate blockchain geek? We’ve investigated Monero mining hardware options to provide you with the best ones. There are several other ways to obtain XMR - you can either exchange your crypto to Monero or buy XMR at an exchange… But that’s a bit boring. Monero has been ranked as one of the best performing cryptocurrencies by market capitalization through the years, and one of the coolest things about it is that you can mine it. Monero has as many privacy-enhancing technologies as there are Skittles in the bag. No one other than the users involved in the trade of XMR can decipher addresses, transaction amounts, address balances, or transaction histories.
The XMR coin’s obscuring cryptography methods include ring signatures, zero-knowledge proofs, “stealth addresses,” and IP address anonymity to obfuscate transaction details. Why is it so popular? Because of its privacy features. This crypto has the third-largest developer community among cryptocurrencies. Monero (XMR) is an open-source, decentralized cryptocurrency that was created in April 2014. To many crypto enthusiasts, Monero is the synonym for privacy.
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