Best products from r/Monero

First off, don't waste money on buying a top of the line CPU. Although GPUs and CPUs are roughly neck and neck in performance mining XMR right now, GPUs still easily come out ahead in terms of value. You need to find a good contender in terms of hash rate/power usage. This automatically rules almost everything out except for the R9 390 or RX 480. (At this time, AMD cards are vastly superior for mining XMR over Nvidia cards)

Here's what you're getting with the 390:

• ~700 H/s per card
  
  
• ~300W TDP (full load)
  
  This comes out to roughly 2.33 H/s per watt, which isn't terrible but we can do better. Take a look at the RX480:
  
  
• ~475 H/s per card (some users have reported closer to ~490)
  

• ~165W TDP (full load) Notice you're using roughly half the power here.
  

  
  

  This comes out to 2.87 H/s per watt, which isn't exactly a landslide win but gives you one edge over the 390: scalability. You can continue to build on this system while staying within reasonable power consumption. After two or three 390's you're looking at a major bump in power usage and PSU requirements. Here is a build I've thrown together for you:
  

  
  

  PCPartPicker part list / Price breakdown by merchant
  

  
  

  Type|Item|Price
  

  ----|:----|:----
  CPU | Intel Core i3-6100 3.7GHz Dual-Core Processor | $110.99 @ SuperBiiz
  Motherboard | MSI Z170-A PRO ATX LGA1151 Motherboard | $114.99 @ SuperBiiz
  Memory | G.Skill Ripjaws V Series 8GB (2 x 4GB) DDR4-2666 Memory | $42.99 @ Newegg
  Storage | Seagate Barracuda 250GB 3.5" 7200RPM Internal Hard Drive | $22.25 @ Amazon
  Video Card | XFX Radeon RX 480 8GB XXX OC Video Card (2-Way CrossFire) | $249.99 @ SuperBiiz
  Video Card | XFX Radeon RX 480 8GB XXX OC Video Card (2-Way CrossFire) | $249.99 @ SuperBiiz
  Power Supply | EVGA 1000W 80+ Platinum Certified Fully-Modular ATX Power Supply | $169.99 @ SuperBiiz
  Other| XFX RX480 8GB OC| $249.99
  Other| XFX RX480 8GB OC| $249.99
  | Prices include shipping, taxes, rebates, and discounts |
  | Total | $1580.16
  | Generated by PCPartPicker 2016-09-12 23:49 EDT-0400 |
  
  Like I said before, there's no need to waste money on a processor. You could add another video card for the ~$200 it would take to upgrade to an i7 or better. An i3 would do just fine for downloading the Monero Core library and running your own personal node.
  
  I know you said you wanted to start around $1,000 budget, so feel free to remove the extra two RX480's I added and you'll hit your starting target just fine. The motherboard I listed has 4 PCI-Ex1 slots and 2 PCI-Ex16, meaning you have 6 total slots available for graphics cards.
  
  I didn't include a case because typically, miners have less than elegant setups that focus on functionality over aesthetics. You can install two cards directly on the motherboard but you're also going to have to purchase risers that allow you to use your GPU while not seated directly on the motherboard. Here's a link to such an adapter. (To be safe it's always wise to purchase a powered riser, especially since the RX480 draws high power through the PCI slot.)
  
  With your GPU arrangement you'll have to get creative as there aren't any comprehensive all in one solutions at this time that are super cost affordable. I've seen people use cheap metal shoe racks to act as a mounting point for the GPU's which sit directly above the motherboard, such as this reddit user, chairmanxiao, did for their dogecoin miner. It would be wise to purchase some zip ties and thick fishing line to secure everything in place. This would be my go to setup if I were going all in on mining. Let me know if you have any questions/need any more advice.
  
  Here's my wallet if you want to tip me :)
  
  [48yDcFagqhq5HDLgfVqYpNCjsDeTD2g5cjL72gF6BF661sPLhGscVgwbf71CSgBN9LY6ReEvHpQEYCb6a2DmCjY76oNRdDt]

AMAZON KINDLE

GOOGLE PLAY.

FREE PDF

It's a pleasure for me to release the free version and digital versions available on Amazon and Google Play. All the content is available for free on Github repository too.

I would like to thank, firstly, the Mastering Monero team. UncagedPotential (the editor), Anhdres (the illustrator), Baltsar (the graphic designer), SGP (the publisher), and me have been working on digital versions for more than one year. I'm nothing without this community and those people. Secondly, I'd like to thank all the community contributors and developers who helped to make Monero the most private cryptocurrency. Each one of you - except fro tr0lls - made special this community and I'm very pleased to be one member of it.

There are only two things that I ask you to do: leaving a sincere feedback and sharing this free resource to anyone in the world. To cite Leonardo Da Vinci, "The noblest pleasure is the joy of understanding.", I fully agree with him.

> "Knowledge, like air, is vital to life. Like air, no one should be denied it. - Alan Moore."

Thank you guys. Happy 5th anniversary of Monero project.


Criticism also very appreciated.

Here's how I think about money. The entire purpose of money is to reduce transactional friction. The best money is thus the one that does this most effectively, including: (1) reducing the friction associated with finding a transacting partner (by having a huge network effect -- being widely held and accepted); (2) reducing the friction associated with making an individual transaction (by being fast, cheap, and reliable to transact); and (3) reducing the friction associated with holding money between transactions (by having a predictable, finite supply).

And here's my standard argument in defense of deflation:

The idea that you need some price inflation to “encourage spending” and “stimulate the economy” is the propaganda being put out by the parasitic class that’s perpetuating and profiting from this MASSIVE scam. The truth is that you don't need to “encourage” people to spend money. Spending money is all that it's ultimately good for. So it's always a question of how you choose to allocate that spending across time, how much to spend today vs. tomorrow vs. next year, etc. Also consider that when you save money, you are in effect making an investment in the overall economy. Money isn't wealth. Instead, it allows you to make a claim on scarce, real resources. Money is an accounting system for facilitating the exchange of those resources by serving as a credible record of value given but not yet received. When you "just sit on money," the resources that you could have claimed immediately will instead remain available to be used by others -- whether for immediate consumption or investment. You have in effect loaned those real resources to the rest of society. So if we had a system with a fixed money supply, it makes sense to me that the purchasing power of that money should increase over time as the economy grows. In that scenario, the rate of price deflation is essentially the market-determined "interest rate" on a very low-risk loan that can be recalled at any time (by spending the money).

Or think about it from the opposite angle -- why an inflationary money supply doesn't make sense. Again, money is supposed to represent a credible signal of value given but not yet received. If there's an entity that can simply print new money into existence at essentially zero cost, the message carried by that new money is going to be a false one. I’m sure you can intuitively grasp how an ordinary counterfeiter is in effect stealing from others when he prints up phony hundred-dollar bills in his basement. Well the same is true of the more sophisticated counterfeiters in fancy suits who call their counterfeiting things like “open-market operations” and “quantitative easing.”

Recommended reading: Paper Money Collapse: The Folly of Elastic Money

A good way to look at volume is like pressure. Higher volume = higher pressure. Imagine it like pressure in a pipe. Thus if there the price is increasing, on high volume, the momentum is strong, and it takes a lot of pressure to reverse that momentum - and vice versa (price decreasing on increasing volume, you'll often see the floor drop out).

Note that virtually all modern-day trading indicators are based off price and volume. Back in the day (pre-1950's), price and volume were the primary thing traders looked at (in the absence of the 100's of different trading indicators used today).

If you want to learn more about volume and technical analysis, here are one of the best books on the subject:
https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661/ref=sr_1_1?ie=UTF8&qid=1479917231&sr=8-1&keywords=technical+analysis


This is also an awesome book, talking about how a trader in ~1950's used pretty much only price and volume to know what to invest in, an enjoyable read too I'd say (I just noticed the kindle edition is only $1, you should definitely check this book out):
https://www.amazon.com/How-Made-000-Stock-Market/dp/1614271690/ref=sr_1_1?ie=UTF8&qid=1479917478&sr=8-1&keywords=how+i+made+2+million+dollars

I know right? Totally unrelated to monero, but for anyone that's interested, the book "The Origin of Consciousness In the Breakdown of the Bicameral Mind" by Julian Jaynes gives a pretty interesting theory about how and why this kind of authority worshiping behavior was likely the dominant mode of thinking for much of ancient history. If anything, witnessing all this authoritarian-loving hysteria springing up recently, without an ounce of self-reflection or irony, seems like pretty damning evidence of the book's hypothesis being true.

470/480s are the best choice as far as I know due to their hash rate/power consumption. Only thing is they are hard to find. I went with rx 570 4gb's which use upwards of 150w a piece but you can sacrifice some speed and lower power usage with some modding.

Its very important to pick a good PSU for your setup that can handle the load. Pick gold rated efficiency or higher as they waste less power.

Hooking up more than 2-3 cards will probably require Risers. Make sure to get 6 pin powered ones. Not Molex to sata or anything else. 6 pin is safer and allows you to hook your PSU directly to the risers.

Not to sure of all specific mobos that work with 5-6 gpus but you are looking for a board that has as many pci-e slots as you need. They can be pci-e 1, 2, 3 but not just PCI. As you can see from how the risers work they will fit any one of those slots.

Cheapest route for a board and cpu if you need one would be an lga1150 board that works with how many cards you need and a celeron cpu.

I'm fairly new to this but the most difficult thing seems to be finding everything in stock.

Hopefully this gets you going in the right direction at least.

Go to the store, find the prepaid phone section and find you an android... theres honestly some really nice cheap options out these days. I got this phone on AT&T for literally 40 dollars:
https://www.amazon.com/Unlocked-Fingerprint-Reader-Z971-Desbloqueado/dp/B0748Z1VJ3
Or anything really. Then install monerujo to it and send moneros to it. back up the 25 word seed obviously.

But no theres nothing wrong with this. It's definitely safer than running Monero wallet on windows until you get a dedicated linux computer with an encrypted LUKS partition ;)

Unfortunately that's beyond my level, but someone else may chime in.

You might find "Mastering Bitcoin" by Andreas M. Antonopoulos to be helpful or at least interesting. Even though it's not Monero-centric it still has good info. The [newest version on Amazon] (https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_3?s=books&ie=UTF8&qid=1497328728&sr=1-3&keywords=mastering+bitcoin) is releasing in about 2 weeks.

A Monero ASIC would probably look a lot like option B.

Small, power efficient CPUs (low clock speeds), with independent access to 2MB of SRAM each. All talking on a shared interface to some kind of dispatcher assigning work.

I am thinking of something like this. That thing used 32 hashing chips. Each has their own mircocontroller to half-fake HTTP well enough to get work from a central server; living on the other side of the Ethernet interface.

I suspect a Monero equivalent would be larger though.

Edit: the entire Monero network is only 0.12GH/s at the moment. For option A , you are almost certainly not talking about Monero hashing.

This sounds a lot like Daemon, by Daniel Suarez, a read that I fully recommend. The book was published before even Bitcoin was a thing (late 2006), so the AI had to be a bit more creative about the incentives.

All you need to keep safe is your seed. If your computer crashes you can always restore your wallet only using your seed.

Preferably don't store it online but on paper in a safe or stamp it onto a piece of stainless steel using something like this.

Sure! didn't want to break any rules here or anything. it's just literally my 2nd T-shirt uploaded there, https://www.amazon.com/dp/B07784FZ6D

Hope you guys like it! :D

That is the cost of real privacy and security. The rangeproofs are large, thankfully monero has a dynamic blocksize for onchain scaling till second layer options exist. Storage is cheap https://www.amazon.com/gp/aw/d/B006KCX0UE/ref=psdcmw_1254762011_t3_B005T3GRLY

I just use Window's BitLocker and a 100 character password. For redundancy, I bought 10 128MB thumb drives on Amazon for like $22 shipped. Each one has their own extreme length password, and they're all duplicates of the same thing. I trust BitLocker, because it's just an implementation of AES, and I've verified that I can't pull data from the USB's NAND. It's just a bunch of garbage on the disk.

EDIT: I found the link to the item https://www.amazon.com/FEBNISCTE-Swivel-Flash-Memory-Pendrive/dp/B00JED5XII

Downloading the blockchain is much easier than understanding the code. I just synced the Bitcoin blockchain from scratch in less than 30 hours.

Just diving into the code won't get you far, I'm afraid. Monero uses difficult cryptography and Bitcoin has been optimized for performance rather than readability. (By comparison: downloading the 6 GB Fastcoin blockchain, based on an older version of Bitcoin and Litecoin, took me two weeks.)

To understand Monero, I'd start by reading the Moneropedia and the Monero StackExchange. For Bitcoin, there are educational books like the Princeton Bitcoin book, and Mastering Bitcoin by Andreas Antonopoulos (free draft).

/u/SamsungGalaxyPlayer

Please immediately add the following book to your reading list, I will happily cover the cost of it

https://www.amazon.com/Painless-Reading-Comprehension-Darolyn-Jones/dp/0764147633

​

Back when I started working in Unix I read that book and _The_C_ProgrammingLanguage

https://www.amazon.com/Programming-Language-Brian-W-Kernighan/dp/0131101633?SubscriptionId=AKIAILSHYYTFIVPWUY6Q&tag=duckduckgo-d-20&linkCode=xm2&camp=2025&creative=165953&creativeASIN=0131101633

I read them cover to cover at least twice.

When you start to grasp the syntax, start reading code. Read the source code to the string functions in the C library, or the stdio functions. Understand that these are, by no means, examples of excellent code or design. But they are examples of working code, which are relatively easy to understand.

> http://www.amazon.co.uk/AMD-AD5350JAHMBOX-Extensions-Virtualization-Technology/dp/B00IOMFAQ0

Your CPU has 4MB cache, which allows you to run two cores effectively. The one you linked above only has 2 MB cache, so would likely be stuck with one core. Still the GPU might be better, so hard to say.

On android, qrstream might be an option for you.

https://f-droid.org/repository/browse/?fdfilter=qrstream&fdid=com.github.xloem.qrstream

On PC, a write protected and digitally signed firmware flash drive might be an option against badusb.

https://www.amazon.com/gp/aw/d/B00NW4P9A2/

It was approved on Amazon today, but it may take 2 days to appear. Those who purchased the paperback can buy the eBook at a discounted price.

Edit: https://www.amazon.com/dp/B07QW35KZN

Here is the mobile version of your link

DAEMON
by Daniel Suarez
Link: http://amzn.com/0451228731