Mining Monero is financially sound only if you don't pay for electricity.
IIRC he doesn't want to spend time manually having to check each transaction, which I can understand. But having an option where non-americans can get kiwi plus would be nice. Taking one step after the other, checking that the planed set up works is probably the most prudent way to go. Once that works and is stable, I assume we'll get a Euro version
monero.com wallet just has the basic btc/eth/ltc/usdt swap, cakewallet has a bunch more.
cakewallet seems fine imo
Yeah i take into account the fact that you maintain this crypto by mining
This is quite a simplistic reply. You can mine Monero on your gaming computer, during the night (when the kilowatt-hour rates are cheaper), and essentially make dollar-cost-average purchases using your electricity bill. You can stack moneros using your computer and your utility bill and you
Your best bet is taking a look at new/up-and-coming DECENTRALIZED EXCHANGES:
One thing I noticed when mining ETH was much of the voltage was simply running the fan. Not sure about liquid cooling, but I'd imagine that's also somewhat intensive. It wasn't exactly earth-shattering, but even my low-mid GPU managed to earn back its purchase price three times before it became inefficient to keep using, and I simply kept the mining down to below whatever turned the fan on.
Aside from the dexes mentioned above, you can also use UnstoppableSwap for BTC/XMR conversions exclusively.
Unfortunately these days you will not make anything except pennies. The CPU only limitation of the coin left kept them safe from large scale miners for a while but that stopped a year ago. Bitmain figured out how to brute force it and flooded the market with thousands of Antminer X5's that could mine at 212 KH/S for 3k.
$1.84/day for $3k so after mining for 4 and a half years you'd finally turn a profit
That is current day difficulty earnings these little suckers spiked the difficulty 22% when they got switched on. I imagine the ROI on them would of been a year when they initially came out which is pretty standard for a Bitmain upsell as they do their own in-house engineering.$1.84/day for $3k so after mining for 4 and a half years you'd finally turn a profit
What was your CPU model?
Do you expect to get ""RICH"" out of mining XMR? No. Mining Monero is a way for you to dollar-cost-average your buy-in to XMR, using your utility bill.
Monero is still dominated by CPU miners. Bitmain did not figure out a way to "brute force" it. The X5 machine is just a box with a 6 risc-v CPUs stacked inside. You can do the same yourself.
I figured the pump was a flash in the bottle so I sold at $285. It's already back down to $255 now, will probably buy back in soon.
Yea I just buy and sell on Kraken. I still hold everything in personal wallets and just transfer it to Kraken to sell. I've thought long and hard about using DEXs but selling any crypto for USD is a pain in the ass there.
