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Monero - [XMR] [CryptoNight] [message #37] Mon, 03 October 2016 01:32
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Monero (XMR) is a privacy-focused cryptocurrency that is not based on Bitcoin's code.

Monero aims to be a fungible and untraceable digital medium of exchange. It intrinsically has a higher degree of privacy than Bitcoin or any of its various forks. It was launched on April 18, 2014 (preannounced and no premine/ICO/etc.).


Untraceable payments
Unlinkable transactions
Blockchain analysis resistance
Adaptive parameters

Academic and Theory

Monero's functionality is backed up by academic research and cryptographically proven schemes. Much of this research is done by the Monero Research Lab. Since Monero was initially based on the CryptoNote protocol, the CryptoNote whitepaper is also an invaluable reference for validating Monero's unlinkability and untraceability claims.

The CryptoNote Whitepaper
Initial Review of the CryptoNote Whitepaper
MRL-0001: A Note on Chain Reactions in Traceability in CryptoNote 2.0
MRL-0002: Counterfeiting via Merkle Tree Exploits within Virtual Currencies Employing the CryptoNote Protocol
MRL-0003: Monero is Not That Mysterious
MRL-0004: Improving Obfuscation in the CryptoNote Protocol
MRL-0005: Ring Signature Confidential Transactions


PoW algorithm: CryptoNight [1]
Max supply: Infinite (see note below) [2]
Block reward: Smoothly varying [3]
Block time: 120 seconds
Difficulty: Retargets at every block

[1] CPU + GPU mining (about 1:1 performance for now). Memory-bound by design using AES encryption and several SHA-3 candidates.
[2] Initial number of atomic units is M = 264 - 1. However, once the block reward reaches 0.3 XMR per minute (sometime in 2022) that is treated as the minimum subsidy, which means that Monero's total emission will forever increase by ~157680 XMR annually.
[3] Uses a recurrence relation. Block reward = (M - A) * 2-20 * 10-12, where A = current circulation. Roughly 86% mined in 4 years (see graph).

Website: or
Official Forum:
Block Explorer 1:
Block Explorer 2:


Spread around the hashrate! Join the smaller pools to improve network health.
Only open-source pools are mentioned, sorted by donation then fees. Fees include the donation, so miners won't pay more than the fees listed on the "fees" column. Misleading advertisement = undetermined ban ("undetermined" doesn't mean "forever", just "as long "as we deem it necessary"). Manager's note is a list with 100 character max, no exclamation points and no links.
Beware: this list is meant only as a starting point. It is not exhaustive and may get out of date.
We recommend to use only the bolded pools, which are up-to-date on important updates and security fixes. (When none are bolded, all are up-to-date)

URL Mixin Country Manager (IRC) Donations (% of fees) Total Fees Manager's note 4 Luxembourg wallet42 Total: 100% Fees: 1.9% First Monero pool, finding blocks reliable since May 2014, auto payments every 2 hours 3 US osensei Total: 10% Fees: 1.6% 20Gbps DDOS protected, reliable, secure (https), up-to-date pool - USA - NY 3 France xnbya Total: 5% Fees: 1% 2 France onishin, superresistant Total: 5% Fees: 2% ? Germany xmining Total: 0% Fees: 0% First cryptonote-universal-pool implementation. FCN/MCN support. 3 Netherlands trampk Total: 0% Fees: 1.5% 2 Belgium PCFil Total: 0% Fees: 2% Stable dedicated server, hosted in datacenter, fast link, fast support 4 France sheepman Total: 0% Fees: 0.5% Good latency to most of Europe UK CryptonotepoolUK Total: 100% Fees: 1% Long-running pool with all fees donated to xmr dev fund, currently down

last updated: 2016-04-15 (thanks nioc!)


[Updated on: Fri, 03 February 2017 00:59]

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