Q: How do I use the view key?A: ?
Q: How do I restore the wallet from the mnemonic seed?A: Use the --restore-deterministic-wallet flag when running your simplewallet, it will ask you for a NEW wallet name, a NEW wallet password, and then the previous 24 word string that was given to you when the original wallet file was created.
Q: How do I change my wallet password/name?A: Restore the wallet from the mnemonic seed.
Q: How do I generate a new wallet address for a transaction, like in Bitcoin?A: This is not necessary with Monero, you only ever need one receiving address. A new receiving address is created automatically for every transaction, inside the program.
Q: How long does it take to send a transaction?A: Block time is one minute. On average it will only take a couple of minutes to send funds to someone; however, exchanges usually will require at least 18 confirmations (blocks) before adding funds to your account. A time of 10-20 minutes is generally the longest length of time you should consider waiting if your transaction isn't confirmed in a couple of minutes.
Q: Why is the price going down?A: Because more people are selling more XMR than there are people buying XMR.
Q: Why is the price going up?A: Because more people are buying more XMR than there are people selling XMR.
Q: Will the price go back up?A: Yes.
Q: I'm mining with 'x' hashes/second. How much can I mine per day?A: Use this formula, which will give you how much of a block you can mine in 24 hours: (x)/(net hashrate) * 60 * 24.
Q: What is the net hashrate/difficulty/coins in circulation?A: Check
this site.
Q: Can the cryptography behind Monero be broken?A: Just like in Bitcoin, the sound cryptography has been shown to be broken with quantum computing. If such an event were to occur, all present cryptocurrencies would become immediately obsolete.
Q: Why is the blockchain file so big?A: Most games are, in fact, much larger than the blockchain file. It will grow linearly at a size of 2-5 times bitcoin's blockchain size for any given amount of time, depending on the block size.
Q: Do I need to worry about my transaction not going through because the block size is too small?A: No, Monero's block size is adaptive and has provably expanded in size to accommodate an increased demand for transactions. It shrinks after the transactions have subsided.
Q: What does XMR dev team do actually?A: They develop new aspects to the software, compile binaries, fix bugs, drive Monero in the right direction, advertise, provide help and participate in constant open discussion about Monero.
Q: Do I need to understand programming to understand what projects the developers are working on?A: No! All work is summarized in plain English on github when there is a commit.
Q: Was Monero pre-mined?A: There is no pre-mine in Monero, and everyone that hasn't mined after the genesis block has paid the market price to get some!
Q: How can I get market and other Monero information on my phone?A: Greekbitcoin has been working with a friend to provide an Android widget. Just search the app store for Monero! You can also sign up to github to receive email notifications of developers actions directly to your phone!
Q: Is Monero illegal?A: The same laws that apply to Bitcoin also apply to Monero. Please read up on the laws of your country to see how they concern you.
Q: Does mixin count 1 mean that there is one other participant in your ring signature?A: Mixin count 1 means ring signature with 2 people and mixin count 2 means ring signature with 3 people ect...
Q: Why Monero matters?A:
List of plussesQ: What does Monero's emission curve look like?A: Tacotime, a Monero core developer, has put together a
very nice graph here. It can also be viewed
here.
Q: Why the developers made integration with i2p?A: It's the last little bit where you want to mask your traffic to the point where an attacker with access to your router can't even determine that you're using Monero. The CryptoNote protocol is VERY easy to detect in its current form.
Q: Isn't i2p damn slow?A: No, relaying transactions through i2p is not too damn slow, absolutely not - and using i2p strengthens bot networks. I2p is a great project so we really enjoy working together with them.
Q: Can somebody tell me the main competitive advantages of XMR?A: There are now over 10000 posts in
this thread on bitcointalk that can give you the most full answer to this question, provided you start at the beginning and read everything up to date.
Q: I don't understand the RPC API, where can I get more information about it?A: Yes, there is work being done on detailing the RPC API on Wikia, and if more information is required ask your questions in IRC on #monero-dev.
Q: What are those six characters when I open my wallet?A: The first six letters of your address, useful if you're using multiple wallets or don't want to scroll up to see your full address.
What do You recommend to do?