Monero (XMR) is a cryptocurrency based on CryptoNote algorithm. This cryptocurrency solves the privacy issue with Bitcoin. Currently, no ASIC endorsements are required for Monero that means any individual can mine this cryptocurrency with a computer. Three years ago, the Monero price was $1.30 and now it is $86.8423 and the same has been explained by the chart below –
Monero is an open-source cryptocurrency that focuses on decentralization, privacy, and Scalability. Based on CryptoNote protocol, the cryptocurrency Monero experienced an instant growth in the market capitalization from $5M to $185M. Monero plays an important role in solving the privacy issue of Bitcoin. It hides the amount and sender and receiver personal information. Moneo's symbol is XMR.
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Depending on the market and various factors, Monero mining is profitable. Price and number of miners are some such factors.
Faster transaction time, anonymous identity, and no involvement of third party are some other benefits of Monero mining.
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Start with the registration, as it will take around 2-3 minutes
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