But it could be said, nonetheless, that Monero is one of the most successful cryptocurrencies as such, not least insofar as fulfilling the original purpose of what Bitcoin was meant to function as (as it makes little sense to trade and keep decentralized assets on centralized exchanges, while at the same time completely revealing ones' identity and person information in order to do so).įor more in depth technical description and explanation, as well as history and background of Monero, the community co-written book "Mastering Monero" is highly recommended and available for free in PDF format here. It is also the preferred method of payment in the Darknet and underground online markets where the purchase and sale of illicit goods and services takes place (such as illegal drugs, stolen personal and credit card information, arms, malware and bot nets for rent, etc.)Īll this also makes Monero difficult to conform with much of regulatory compliance, making its listing on exchanges more difficult.
#Zcash miner better registration#
Monero's strong security and privacy properties have made it a popular cybercrime tool when it comes to money laundering (such as, for example, in the case of the WannaCry ransomware, the Bitcoins from which were then flipped to Monero, breaking the audit trail and making it possible to basically launder the funds - using Shapeshift at the time, the well-known cryptocurrency converter, which didn't require any registration or implement any KYC/AML policies at the time, as it does now). The latest version of Monero currently implements a unique consensus PoW algorithm called RandomX, described in more technical detail here. It is sometimes even referred to as what Bitcoin had been intended to function as (but does not, since the ledger is public and auditable, as well as immutable, transactions traceable and prone to analyses which could link them to real-life identities, etc.)Īnother reason Monero is sometimes referred to as "the real Bitcoin" is its continuous efforts to maintain egalitarian decentralization of mining and rewards distribution, geared towards CPU-mining (as Bitcoin had initially been) and ASIC-resistance.
#Zcash miner better professional#
Moneroįirst released in 2014, Monero's protocol involves highly sophisticated cryptographic schemes, apparently designed and developed by professional cryptographers and is perhaps the most cypherpunk-ish crypto project out there. We've already covered both in two separate articles, but below we'll make a brief comparison between the two to get a better understanding of their properties in order to make more informed choices when to use which and the particular purposes best suited for each one of them. Although both in practice conceal sender, receiver, amounts and balances, they implement very different mechanisms and protocols and work in altogether different ways to achieve that. To fancy it up and increase resale value, I will use a rig with lexan glass plates with selectable color LED strips on the back edges hidden by aluminum profiles, with logo sand blasted into the lexan surface, giving a cool light effect in whatever color you desire.Monero (XMR) and ZCash (ZEC) are the two most popular privacy-centric peer-to-peer crypto-networks of confidential value circulation (or crypto- hawalas, if you will). Being freshly hacked I guess they have top priority on security… 😀 If I should use NiceHash or similar, I do not know yet. is of less importance, I go for thĪs downtime cn be costly and this is my first rig, I focus on using an out-of.-the-box OS pre-saved with auto-boot on small 16 GB SSD. 16 Gb SSD.Īs I have unsderstood that CPU, RAM (4 Gb), SSD etc. MOBO/CPU/RAM/ethOS Bundle for 13 GPUs, USD 419,- incl. Such a PSU is designed for longer periods of heavy duty loads, and you can save money, even buy them second hand.Īfter seeing the hashrates of the of the GTX 1080 Ti I see that “hash-output” is as high as 50 % higher than the GTX 1070, so Im taking the extra upfront cost to get a quicker ROI.Įlectricity: Based In Norway, we are hydroelectric powered so rate/KWh is practically of less concern paying only 0.05 USD/KWh 🙂 Then you can use 6 pins for power instead of SATA (SATA = higher risk of fire). I will use PSUs designed for servers, like a 2,4 KW PSU (2 x DPS-1200) to serve first batch of 6 GPUs. GPUs, first batch, 6 x GTX 1080 Ti, then second batch totalling to 12 (or 13) GPUs, extending PSUs to a total of 2 x 2400W (including Thermaltake Dual 24-Pin Mining Adapter Cable or similar).ġ2 x risers, PCI Riser version 008S, USB 3.0. Hi, thanks for great tips! Based (partly) on your tips, Im preparing building my first mining rig, and I have concluded with the following – for any tips I would be happy for your input:
0 kommentar(er)
