The Monero Moon (Issue 27)
The Monero Moon is a curated weekly newsletter regarding all things Monero.
January 13th 2022
Development, Releases, and Technology
The Cake Wallet team have secured the Monero.com domain, and announced the release of the Monero.com app, a Monero-only fork of Cake Wallet! If you are after a dedicated Monero wallet for android or iOS, be sure to check them out.
Additionally, Seth Simmons has made a great video on how to use Cake Wallet or the Monero.com wallet to make change for yourself (split up outputs) to avoid having to wait for change before making a second transaction. Watch it here.
xmrvsbeast made a proposal to integrate p2pool mining into Monero GUI Wallet. This will enable users to mine on p2pool right from the GUI wallet with one click. Check out this post for more information.
gingeropolous urged Monero users to check your transaction fee before spending and run your own node, as a user recently posted that their Monero transaction went through with a gigantic fee of 3.93 XMR. More information can be found here.
It is highly recommended you solo mine to help secure the network. You can solo mine via the official Monero GUI wallet which can be found here, or better yet partake in pool mining and join the decentralized and permissionless P2Pool.
CryptoGrampy shared a P2Pool mining demo using XMRig for Android. Watch it here.
The android wallet team at Monerujo are developing Sidekick. Sidekick is an android app that you will be able install on an old, unused phone, which then gets permanently taken offline to secure a cold seed and sign transactions offline. More information can be found here.
CPU-Monkey now includes the Monero hashrate in their benchmarks.
The Monero Localization Workgroup are looking for translators to help out translating Moneropedia. Check out this post for more information.
Python wrapper for LocalMonero API has been updated to work with API v1.6. More information can be found here.
gnuteardrops shared a cool infographic outlining different types of Monero wallets.
One of The Monero Moon’s favourite YouTuber’s recently featured on Monero Talk. Chad Thackray is a software developer specializing in automated trading systems and data science, who also runs an up and coming YouTube channel that focuses on analyzing cryptocurrency data such as on-chain transactions and market prices. Chad’s analysis suggests Monero is highly undervalued and will likely have some big growth spurts in price in the years to come. Watch it below.
It was reported that as of January 1st, mobile payment apps like Venmo, PayPal, Zelle and Cash App are required to report commercial transactions totaling more than $600 per year to the Internal Revenue Service.
If someone debates Monero’s supply auditability, save your breath knowing privacy and auditability takes place on a continuum, and show them this video.
Exchanges and Merchants
LocalMonero.co, a peer-to-peer exchange which facilitates the sale of XMR for cold hard cash, clarified that the dead canary on their website means they’ve received law enforcement requests. They assured users it doesn’t mean anything else.
Several crowdfunding proposals are awaiting community feedback before they can start accepting funds through the Community Crowdfunding System (CCS). For now they are just proposals, but if they receive some positive feedback from the community they will be moved to a ‘Funding Required’ stage so that they can accept Monero donations through the CCS.
Monero Bounties is a relatively newer website in which Monero users can support contributors and developers.
If you want to support the development of Monerujo, an android wallet for Monero, they have a funding page on their website seeking financial contribution.
Trading & Speculation
Sir Bud Fox is optimistically forecasting a bullish 18 months for the price of XMR.
Also, peep this Monero S2F model:
Total Monero in Circulation — 18,062,106 XMR
Monero Total Marketcap — $3,913,959,886 USD
XMR/USD Price — $218 USD
XMR/BTC Price — 0.00495 BTC
LocalMonero.co Street Price — $222 USD
Average Transaction Fee — 0.000096 XMR ($0.021)
Hashrate — 3.359 Ghash/s
Monero Mining Pools Hashrate Distribution —
If you like the newsletter and want more of this content, then shout me a round of beers by donating some spare Monero you didn’t lose during your boating accident.
Want to help contribute to the Monero Project? Developers, marketers, event coordinators, translators, Instagram personalities, meme creators, public speakers — whatever your skills may be, it is extremely likely there is something you can do to assist. I urge you to reach out to the Monero community on Reddit, IRC, GitHub, Twitter, or Telegram. The official Monero website is GetMonero.org.
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DISCLAIMER: This publication contains opinion for informational purposes only and does not constitute investment advice. Information may contain errors and omissions. Use solely at your own risk. The author of this publication and/or the authors of articles linked to from this site may have financial investments that may bias their opinions, including ownership of Monero currency. Always do your own research, form your own opinions, and never take risks with money or trust third parties with out verifying their credibility.