1 Level
3 Review
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Review on Monero by Charles Griffin
Monero is not quite easy in terms of mining, you need a lot of memory, so…
Monero is not quite easy in terms of mining, you need a lot of memory, so mining on video cards is inefficient. It is necessary either to use cloud mining, or to mine through services on your PC or laptop I use the memory of participants of the whole system. The extracted hashes are converted to another currency, but payments are minimal.
Monero has an endless emission due to the production of new blocks by miners. Therefore, the exchange rate goes without sudden fluctuations.
Monero attracts its system of anonymity. More precisely as this anonymity is arranged. There is no encryption like Bitcoin. It denies the very fact of encryption, and if any data is amenable to wide accessibility, then they are certainly false. That's the principle of anonymity XMR.
My personal experience with Monero lies in a banal purchase and sale.
The currency is not used for transactions on many Internet resources. As an investment tool - I think Monero is reliable and promising, and, again, if you want to earn Monero - it's only cloud mining.
Pros
- The standard of mining, reputation and stability
Cons
- Not yet used in transactions among Internet services.
