FireIced

joined 5 days ago
[–] FireIced@lemmy.super.ynh.fr 4 points 2 days ago* (last edited 2 days ago) (1 children)

I believe if it was worth it to mine, everyone would do it until it is not anymore, especially in countries where electricity is extra cheap

After testing on my machine, I ended up losing more than 10x the amount I paid in electricity in France. I’m not sure it’ll be better elsewhere. This was at 0.20€/kWh

[–] FireIced@lemmy.super.ynh.fr 3 points 2 days ago (5 children)

20€ worth of XMR will still be more than 20€ worth of electricity. It ends up the same.

[–] FireIced@lemmy.super.ynh.fr 5 points 2 days ago* (last edited 2 days ago)

When USA is closer to the African/middle east countries they hate than Europe

[–] FireIced@lemmy.super.ynh.fr -4 points 2 days ago (2 children)

With so many pro-far left here it’s pretty logical we thought you were serious

[–] FireIced@lemmy.super.ynh.fr 3 points 2 days ago

Additional notes:

The initial crypto should be a relatively famous one with low transaction fees so you don’t lose a lot in the process. The two I wrote are nice.

For swapping, the higher the amount, the lower the fee % will be. Always try trading over $20 to minimize fees.

[–] FireIced@lemmy.super.ynh.fr 9 points 2 days ago* (last edited 2 days ago) (1 children)

This is the easiest way.

  • Use a centralized exchange (like Kraken, Binance…)
  • Buy LTC, BCH, anything you want
  • withdraw that
  • Swap (exchange) those through a swap service, from the crypto you bought, to XMR.
    • https://trocador.app/ is an exchange aggregator that’s privacy friendly and Monero friendly if you want. They don’t take any cut and you can get better margins this way.
  • Optional but I recommend it: churn your crypto by sending all of it to yourself multiple times, waiting a few days between each churn. Easier to do with Feather Wallet on desktop as it has coin control. This minimizes the links to your identity: Monero shines through multiple transactions, but tx to tx can statistically be liked. The more you do, the blurrier it gets.
    • On Feather Wallet (which is open source), there’s a "coins" tab where you can see each unit of crypto you have, and can "sweep output" to "yourself (churn)" easily.
  • Spend your XMR, have fun :)
[–] FireIced@lemmy.super.ynh.fr 2 points 2 days ago

Can’t say about the second like, but reto is quite known and trusted

[–] FireIced@lemmy.super.ynh.fr 0 points 2 days ago

I disagree with the first part, but apart from that, yea retoswap is reputable

[–] FireIced@lemmy.super.ynh.fr 2 points 2 days ago

It doesn’t really federate properly

[–] FireIced@lemmy.super.ynh.fr 12 points 2 days ago (17 children)

Mining isn’t economically worth it and it’s also bad for your components' health as well as the environment

[–] FireIced@lemmy.super.ynh.fr 6 points 2 days ago* (last edited 2 days ago) (3 children)

Is it this one?

image

[–] FireIced@lemmy.super.ynh.fr 6 points 2 days ago

What? Two is perfect

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