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jeez downloading the blockchain to ones computer takes a long time .

 
Anonymous Coward
User ID: 76857890
United States
07/16/2019 11:02 PM
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jeez downloading the blockchain to ones computer takes a long time .
I have 1531968 daemon blocks left to download .

Im setting up a local hard wallet and intend on mining XMR monero . May even just buy some and trade . See if I can make some monies.

Will probably keep some to use too .

The new librem 5 linux phone will be able to convert XMR to USD in realtime using NFC to conduct transactions wherever NFC epayments are accepted .


But downloading the blockchain takes forever .
Anonymous Coward
User ID: 77825113
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07/16/2019 11:07 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
Download it with a fast connection on a ssd, also most blockchains should have a bootstrap download...and you can replace files in the wallet folder in your %appdata
Anonymous Coward (OP)
User ID: 76857890
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07/16/2019 11:12 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
i dont have an ssd just hdd .
Anonymous Coward
User ID: 13833012
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07/16/2019 11:20 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
I paid 400 dollars for a GPU and am mining with Honeyminer, and only make about 30 cents a day. When you factor in electric cost I'm losing money.

I'm assuming the value will go up in time though. I'm just doing it as a hobby I guess.

Also, I found out that you only lose money with mining contracts. Don't even bother.
Anonymous Coward (OP)
User ID: 76857890
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07/16/2019 11:21 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
I paid 400 dollars for a GPU and am mining with Honeyminer, and only make about 30 cents a day. When you factor in electric cost I'm losing money.

I'm assuming the value will go up in time though. I'm just doing it as a hobby I guess.

Also, I found out that you only lose money with mining contracts. Don't even bother.
 Quoting: Anonymous Coward 13833012


im mainly going to set up as a hard wallet . try my luck trading cryptos buy 400 worth see if i can make it 800
Anonymous Coward
User ID: 73136342
United States
07/16/2019 11:23 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
Why would you want to do that?
Anonymous Coward (OP)
User ID: 76857890
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07/16/2019 11:31 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
Why would you want to do that?
 Quoting: Anonymous Coward 73136342


remote nodes cant be trusted .
Anonymous Coward
User ID: 77783871
Australia
07/16/2019 11:34 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
Why would you want to do that?
 Quoting: Anonymous Coward 73136342


remote nodes cant be trusted .
 Quoting: Anonymous Coward 76857890


drama why??? on another threads some guy said cryptos cant be manipulated which is why bankers and presidents hate it!!!
Anonymous Coward (OP)
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07/16/2019 11:38 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
Why would you want to do that?
 Quoting: Anonymous Coward 73136342


remote nodes cant be trusted .
 Quoting: Anonymous Coward 76857890


drama why??? on another threads some guy said cryptos cant be manipulated which is why bankers and presidents hate it!!!
 Quoting: Anonymous Coward 77783871


the cryptos themselves. but remote nodes can be hijacked redirecting coins into someone elses wallet. Your own node is the only node that can be trusted . just takes forever to set up via wifi
Anonymous Coward (OP)
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07/16/2019 11:39 PM
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Re: jeez downloading the blockchain to ones computer takes a long time .
during transactions ^





GLP