[-] [email protected] 2 points 19 hours ago

Mini and Nano (in regards to P2Pool) are separate Mining pools. Think of them as a very big miner. The bigger the miner (i.e. more hashrate) the time to hit a block is lower and therefore he receives more rewards per time interval. The smaller pools (Mini/Nano) are for people with low hashrate devices so that the blockreward gets split somewhat equally between them.

For example if you would mine with a very low hashrate on your own, you'd maybe hit a block every 10 years. If you then combine your hashrate with other miners, that have a comparatively high hashrate to yours, the pool hits blocks much more often, but you won't get rewarded that often because you didn't participate that much. If you then join a pool with people with low hashrates, your mining pools hits blocks more often than you would by yourself, but not all too often. But it's also much more likely for you to get rewarded a piece of the block reward, as you contributed somewhat equally to the pool.

I hope this explanation helps with your understanding and I didn't butcher to many details ๐Ÿ™ƒ

4
submitted 5 days ago* (last edited 5 days ago) by [email protected] to c/[email protected]

Another year of #Porcfest, another round of vendor stats: Percentage of revenue:
#Cash 68.99% (was 72.2%)
#Zelle 2.16% (was 2.69%)
#Goldbacks 3.2% (was 11.77%)
#Silver 3.82% (was 4.44%)
#Monero 7.95% (was 5.42%)
#Bitcoin 5.33% (was 0.47%)
#Zano 3.09% (was 0%)
#BitcoinCash 2.73% (was 0.62%)
#FUSD 1.79% (was 0%)
#Zcash 0.41% (was 0%)
#Dogecoin 0.22% (was 0%)
#Ethereum 0.17% (was 0%)
#Litecoin 0.13% (was 0.56%)
#BitcoinLightning wasn't available this year, as the non-custodial setup stopped working (was 1.82%)

The percentage of total crypto sales was:
~7% in 2022
~9% in 2023
~9% in 2024
~22% in 2025

So the numbers, only looking at crypto, are:
#XMR 36.4%
#BTC 24.4%
#ZANO 14.2%
#BCH 12.5%
#FUSD 8.2%
#ZEC 1.9%
#DOGE 1%
#ETH 0.8%
#LTC 0.6%

So Zano coming in hot (probably thanks to the three Zano Foundation guys mostly) and Monero is still leading the crypto pack. Overall Fiat usage declined ever so slightly (-5%), while precious metal usage declined dramatically (-57%, probably because this year there was no Goldback tent and/or people around). Though Crypto usage increased a lot (+140%).

Maybe I need to ask more vendors if they collect their stats to get a more general Porcfest overview.

Oh and most vendors accepted Monero. Majority of the few that didn't were onboarded by me. Like the Satoshi film makers, which you can now fund/support using XMR (https://linktr.ee/satoshi.movie)

Link to the original Nostr Post

[-] [email protected] 5 points 1 month ago

I agree. With the mobile app around the corner it's going to be even better. Haveno is basically Normie-ready xD

[-] [email protected] 6 points 5 months ago

No, thank you. The only communication with exchanges should be 'please delist us, we have haveno now (and serai soon)'.

Besides that, every single one of us is capable of telling people about the use-case and advantages of monero (and potentially help others to start using it).

So yeah, I like my monero without an official head, that would be chopped off anyway.

[-] [email protected] 5 points 6 months ago

Telemetry has no place in this. Without full source code and reproducible builds this could be spyware or worse for all we know.

10
submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

So I got some stats from one of the bigger vendors at PorcFest this year:
Percentage of revenue:
Cash 72.2%
Goldbacks 11.77%
Monero 5.42%
Silver 4.44%
Zelle 2.69%
Bitcoin Lightning 1.82%
Bitcoin Cash 0.62%
Litecoin 0.56%
Bitcoin 0.47%

The vendor accepts any crypto. Over the years he also received Dash, XRP, Doge, TFuel and ETH.

The percentage of crypto sales in general was:
~7% in 2022
~9% in 2023
~9% in 2024

So the numbers, only looking at crypto, are:
XMR 61.0%
BTC LN 20.5%
BCH 7.0%
LTC 6.3%
BTC 5.3%

22
submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

Holy! I might be a bit late to the party, but I just checked the recent numbers from ShopInBit.com for june:

#Monero 74,54 % ๐Ÿ‘€๐Ÿคฏ๐Ÿฅณ
#Bitcoin 23,64 % ๐Ÿ˜‚
#LightningNetwork 1,73 % ๐Ÿคฃ
FIAT 0,08 %

https://xcancel.com/shopinbit/status/1811651225005195471

Also they said if Monero surpasses the volume of Bitcoin in the next two month, they change their bio to "Europe's biggest Bitcoin and Monero Store" (which should obviously name Monero first but whatever xD).

Btw the numbers for coincards.com show a similar but not as devastating picture:

#XMR: 34.4%
#BTC (Onchain): 25.96%
#USDC: 20.20%
#ETH: 9.84%
#LTC: 2.49%
#Solana: 2.31%
#Dogecoin: 2.09%
#LightningNetwork: 2.08%
#USDT: 0.58%
#Dai: 0.04%
#Matic: 0.01%
#Dash: 0%

https://xcancel.com/CoinCards/status/1809702144288882870

[-] [email protected] 5 points 1 year ago

Oh wow, it's already funded xD

Important milestone that needs to be researched for FCMPs. Let's hope they find a proof!

[-] [email protected] 6 points 1 year ago

Why should the goverment stop at the point where they can see your incoming balance? They probably gonna outlaw it completely.

If you still believe a monopoly on force (aka goverment) is A: warranted and/or B: needed I can't really help you.

The state is the biggest threat to our liberty and well being. Monero is here to help us get rid of it (or to just get our well deserved freedom back).

They're going to introduce their CBDCs so they're able to see every transaction (in- and outgoing). To automatically deduct taxes and block you from transacting completely if you don't comply.

[-] [email protected] 6 points 1 year ago

As far as I know PoW leads to more decentralization (especially in combination with ASIC resistance) and therefore a more secure network. Energy efficiency comes through advancements in chip manufacturing.

43
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

I was kind of blown away to what length the developers go to ensure your communication is as safe/secure as possible (while still delivering a very useable app).

18
submitted 1 year ago by [email protected] to c/[email protected]

I was kind of blown away to what length the developers go to ensure your communication is as safe/secure as possible (while still delivering a very useable app).

[-] [email protected] 6 points 1 year ago

Another full node selfhoster here. I did not notice any problems for me (except some transactions taking some time for confirmations), but I tried to onboard someone earlier and wondered why his freshly installed cake wallet acted weird. You might be onto something about official/public full nodes being overwhelmed or something.

[-] [email protected] 7 points 1 year ago

I agree blockchain growth could become a problem someday. I think it's not right now and it probably won't be in the next few years (as @monerobull already pointed out).

I'd recommend watching this monero talk episode, because near the end Luke Parker (kayabaNerve) talks about what's next for monero after seraphis/jamtis. And to me it sounded like there is a solution for the blockchain growth problem in there (nova or what it's called?). https://www.youtube.com/watch?v=GhNljgiQKp8

I think for now full chain membership proofs are one of the most important things for us (i.e. fixing the weakest link in the system aka ring signatures). After that we're mostly set on privacy and focus on other things like blockchain growth/accessability etc. (which seraphis/jamtis also tackles).

About the currency and store of value topic: In the literature it's often said money or a currency has three functions -> store of value, transfer of funds and unit of accounting. Thorsten Polleit argued in one of his latest books that these three functions actually can be condensed into a single one -> transfer of value. Store of value is just a transfer of funds through time. And unit of accounting is just that a business wants to pick the most liquid exchangeable good which circles back to transfering funds effectively and efficiently.

If you're now saying monero should be aiming for becoming the best currency, but not a store of value, you limit it's capability as a currency as transfering value (through time) is the fundamental function of a currency.

So we need to find a technical solution to that problem without compromising on the currency aspect.

So to wrap up, I appreciate your input as I agree, we need to always keep the shortcomings of monero in mind and work on improving them. I think the discussion around and permanent reevaluation of monero is one of the things that made it what it is today and if we can keep the spirit going it's what it'll make it successful in the future too :)

[-] [email protected] 9 points 1 year ago

Are you aware of Localmonero? Also with services like Allark, Coincards, ShopInBit, ProxyStore, Monezon and AnonShop I don't really see a big problem of converting your XMR into fiat or products you need :)

52
submitted 2 years ago by [email protected] to c/[email protected]

https://nitter.net/watchfund/status/1732391070216908886

Either a whale was generous or the hacker felt bad? ๐Ÿค”

[-] [email protected] 5 points 2 years ago

How instant? Monero transactions can be seen in seconds (in the mempool) which is okay for smaller transactions. And 1-2 confirmations take roughly 2-4 minutes which is recommended for bigger transactions. So still pretty fast for real world stuff.

And what is your reasoning for PoS > PoW? I'm very curious!

21
submitted 2 years ago by [email protected] to c/[email protected]

Just stumbled upon this video. Never heard of this channel. But the explanation of Monero and some of it's features are pretty good.

view more: next โ€บ

XmrLovingAncap

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