Summary: <h3> <strong>Monero (XMR)</strong><em> </em>is the<strong> 10th largest cryptocurrency</strong> </h3> <ul> <li>Initiated by 2014</li> <li>Market capitalisation $1.5 billion</li> <li>Price $10 per coin on 2017</li> <li>$494 on 2018</li> <li>$155 is current price (2020 December)</li> </ul> <p>So, if you are thinking about <strong>Monero mining</strong>, then you’re not alone. The growth that Monero experienced last year has brought a lot of attention to XMR mining. Monero mining might seem <em>confusing</em>, and you may have many questions such as: <em>how does it work? What kind of software and hardware do I need? How do I start? How long does it take to mine one XMR? Follow me…</em></p> <h3>How Monero is Different from Bitcoin?</h3> <p>If you want your transaction remains <em>untraceable and private</em>, then <strong>Monero may be your best option</strong>. Even though Bitcoin is <strong>decentralized</strong>, it is <strong>not private</strong>. Monero, however, is <strong>both decentralized and private</strong>. Monero’s technology allows all transactions to remain <strong>100% private and untraceable</strong>. <em>There is no one else on the Monero network that could find out that your transaction ever took place. Privacy is Monero mantra.</em></p> <h2><strong>Monero Mining Does Not Require an ASIC</strong></h2> <p>An <strong>ASIC</strong> (<em><strong>Application Specific Integrated Circuit</strong></em>) is a special type of hardware used for <a href="https://m.miningbase.cloud/index.php?reffid=rJ6qpZma"><strong>Bitcoin mining</strong></a>. An ASIC can cost <strong>anywhere between $600 to $1000</strong>, which has made Bitcoin mining <em>unattractive</em> for anyone except <strong>professionals</strong>. Fortunately, Monero mining doesn’t require you to purchase an ASIC. Instead, Monero mining can be carried out using your computer’s <strong>CPU</strong>/<strong>GPU</strong>. This has made Monero a good option for beginners and other people who don’t want to <em>invest lots of money</em> to start mining. So, now that you know a bit more about Monero and how it differs from Bitcoin, it’s time to find answer your next question - <em>what is Monero mining?</em></p> <p><em>Visit for full description and </em><a href="https://cryptochain.substack.com/p/how-to-mine-monero-coin"><em>download links</em></a><em>. Subscribe the Newsletter.</em></p> <p><br></p> --- This episode is sponsored by · Anchor: The easiest way to make a podcast. <a href="https://anchor.fm/app">https://anchor.fm/app</a> Support this podcast: <a href="https://anchor.fm/ganniumtokengroup/support" rel="payment">https://anchor.fm/ganniumtokengroup/support</a>
