This is not trade advice. I am completely biased. I started mining monero 1-2 months ago, actually after a virus infected my computer with an XMR miner and it led me to investigate it! Crazy story but I fell in love with this coin. It has EVERYTHING i believe a cryptocurrency should be.
Key points on this video:
xmr
- history live since 2014 10x potential from where we are now compare to btc we are 2x from its peak
- whitepaper xmr is the "anonymous cryptocurrency" untrackable, untraceable by design tx fees are low (lower than eg XRP) tx speeds are high (much higher than BTC!) security is bulletproof
- decentralized cpu mined, asic resistant (everyone can mine) as monero is growing - it is becoming MORE decentralized (many other coins incl BTC are becoming MORE centralized) 51% attack "immunity" adds to its anonymity and untraceability
- usage replace XRP for cross-border payments (lower TX fees, faster TX speed) >> XRP has ripple company behind it doing bizdev, XMR is community controlled anonymous store of value anonymous payments privacy and security #1 coin blockchain (cryptonight) lead developer for all other cn-based coins
- value has held value better than other coins great mining community mining pools that mine other coins when xmr value dips below them in hashrate/ratio, to continually pump xmr value dropped less than most other coins including btc in march crash was not premined (bitcoin, litecoin, monero, dogecoin are only major coins that were not premined)
Do you download a program to mine Monero? Can you run it on android?
ezpi
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@nagihatoum, well, i wouldnt mine on android. youre not going to get much hashrate.
google xmrig
best one out there
you can hop on to discord channels with lots of mining pools they are super friendly and helpful. have faqs, etc.
youtu.be/EKjdY-pgOB8
youtu.be/8quGD9W7B2I