The hash rate for Monero is at or near an all-time high, and as another poster pointed out, Monero uses cryptonote, not SHA or Scrypt, so it's an apples-to-oranges comparison (not a good one) when comparing its hash rate to a non-cryptonote coin. More nodes are coming online, more people are using Monero, so that all means even more security.
As for investing, who knows. I obviously like Monero. Consider that the businesses which depend on privacy and untraceability have made their choice, and it's Monero. Also consider that when the GUI comes out (it could be months) the price will likely rise higher.
As always, do your own research. Here's a great place to start if you're looking for a privacy coin for the long term:
https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php
Topic: is it worth investing right now in MONROE? - page 2. (Read 2023 times)
Thanks guys for your reply.
yeah drug markets started to accept MONROE even promoting it.
as for that hash, like the gentlemen above me said, miners will mine what's wroth to mine. the hash power will grow when there will be a demand.
yeah drug markets started to accept MONROE even promoting it.
as for that hash, like the gentlemen above me said, miners will mine what's wroth to mine. the hash power will grow when there will be a demand.
Some people have no clue how small the hashing power
behind this is, and that is it's possible downfall. The drug community seem to be running Monero's way, so the price might go up more, as more
people fall for this false security.
behind this is, and that is it's possible downfall. The drug community seem to be running Monero's way, so the price might go up more, as more
people fall for this false security.
Cryptonight is quite difficult to mine. So you cant just project ETH or BTC hash power into Cryptonight coins.
If you understand Proof of Work basics you would understand that miners will join mining coin that will be worth to mine, so hashing power will increase till there will be no other coins more profitable. That is first rule that gives security to all PoW coins.
So your worries are not needed. As much price will raise, more miners will mine and more expensive will be 51% attack.
Monero have came into light after darknet marketplaces started to accept it like bitcoin. Price is already in its peak right now, so you better wait for a quick dump (if any) to buy and hold for longer term. Buying and holding for longer term, seem still profitable if no any flaw in their code is detected in near future.
I am taking a guess here, but reckon you are talking about the Alt coin, Monero. 
..right. Well, there are currently a lot of people busy selling
Monero as the replacement for Bitcoin, because it's 100% anonymous according to them. Some people have no clue how small the hashing power
behind this is, and that is it's possible downfall. The drug community seem to be running Monero's way, so the price might go up more, as more
people fall for this false security.
..right. Well, there are currently a lot of people busy selling Monero as the replacement for Bitcoin, because it's 100% anonymous according to them. Some people have no clue how small the hashing power
behind this is, and that is it's possible downfall. The drug community seem to be running Monero's way, so the price might go up more, as more
people fall for this false security.
Hi,
is it worth investing right now in MONROE? trying to predict the market.
is it worth investing right now in MONROE? trying to predict the market.
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