The Monero Moon (Issue 41)
The Monero Moon is a curated weekly newsletter covering all the latest news within Monero (XMR).
Development, Releases, and Technology
Monero CLI and GUI 0.17.3.2 'Oxygen Orion' have been released. Be sure to download the new software to benefit from all the latest features, bug fixes, and security enhancements. Among many other updates, this release warns users of potentially high tx fees, includes Ledger Nano S Plus support, and integrates experimental support for P2Pool mining. Download and learn more about the new software here on the official Monero website.
Monero’s tail emission is in approximately 30 days, and the official Monero Twitter handle put out a tweet thread outlining why Monero has a tail emission, how it works, and what it means for users. Check it out below.
P2Pool v2.0 has been released with support for the upcoming Monero network upgrade. New features include added FreeBSD build, ban peers with stuck or lagging monerod, and various small bugfixes.
hinto-janaiyo released monero-bash v1.5. Check out the newest release here!
noot provided an update to their development on ETH-XMR atomic swaps project. Read all about it here.
XMRSwap.me shared a video performing an atomic swap on a mobile device.
ACK-J provided an April 2022 update on their work regarding a Security Audit of Ring Signature Resiliency Against Machine/Deep Learning Attacks. Check it out here!
Seth For Privacy recently made public queries regarding the licensing of Zcash’s code, and reassured those concerned that Monero developers are not trying to migrate Monero to Zcash technologies. Seth claims his queries were aimed at remaining open-minded and trying to keep all doors open in order for Monero to harness the best tech possible in the future. Seth has made a proposal on the Monero project Github with the goal of building “a go-to place for links, information, and opportunities for building trustless zk-SNARKs as a potential future protocol building-block for Monero.”
Someone recently paid 19 XMR for a transaction when using a remote node with the Monero GUI wallet. When using simple mode in the Monero GUI wallet, it selects a random remote node and it's possible that malicious remote nodes can increase transaction fees. There has been a recent update to the Monero GUI wallet to warn users of high tx fees, but still always double check fee amounts when you are using any Monero wallet.
Given the possibility of overpaying transaction fees when using a remote node, this is one of many reasons to run your own Monero node. If you want to learn more about what a running a Monero node means, why you should do it, and how to do it, then check out this post from Seth for Privacy, or this new video from the Monero Guides series.
Additionally, check out this video from Luigi Tech to learn how to setup a node via Tor with docker-compose.
Got an old laptop lying around the house? Set them up and run a full node like Gingeropolous has!
HefMcHefHef showed off their new 24x Mac Mini mining rack. According to HefMcHefHef, “Pretty simple build: 24x M1 CPUs in the cheapest form possible. Below 500W power draw including the switch. Around 57-60 kh/s”.
_xd22 has provided an update for Monero miners using the Telegram app. Check out this post for more information.
You can now mine Monero at the autoexchange mining pool Zergpool.com for a 0.5% fee. More information can be found here.
NOWNodes, a blockchain-as-a-service solution now supports Monero. Check them out here if it’s something your business or service needs and you’re unable to run your own node.
Monero’s network upgrade taking place in July will include a feature called View Tags, which will reduce wallet-sync times by up to 40%. Cake wallet released an infographic showing how view tags will benefit mobile users. In spite of this, if your wallet points to a remote node, there is a chance view tags do not reduce scanning time. j-berman recently provided a great summary what to expect (and not to expect) from view tags. Check it out here.
Finally, Monero Talk have begun releasing their recordings from the Monerotopia Conference last month onto their YouTube channel. Watch a recording featuring Francisco Cabañas aka “ArticMine” on Scaling Monero.
dsmlegend is seeking feedback from the Monero community regarding the technical content of Monero focused commerce videos they are creating. If you can help then reach out here.
The Monero Observer put out a new Dev Report to provide a big picture view of Monero development activity throughout the past week. If you’re interested in the nitty gritty, check it out here.
Haveno Dex announced they will not be adding Zcash support (in the form of an XMR-ZEC trading pair) at launch. Haveno’s initial announcement that they were supporting Zcash at launch sparked backlash from some Monero community members. You can read Haveno’s full statement here on their website.
Coin Bureau, a cryptocurrency YouTube channel with over 2 million subscribers, published a great video all about Monero and it’s potential in 2022. Be sure to give it a watch and share it with your friends as it is very comprehensive and beginner friendly.
The Monero Talk team have steadily been releasing videos from their Monerotopia Conference last month. You can find them here. The Monero Talk team also released a new video where Doug chats with Edward RA, a NY State Assemblyman about proof of work mining. Watch it here.
Revuo Monero Issue 118, was published. Revuo Monero is a weekly Monero newsletter. Check it out here.
The Monero Observer published their monthly recap of Monero news titled “Monero Observer Blitz #9 - April 2022”. Check it out here.
Bitcoiners reported they have been receiving warnings from cryptocurrency exchanges after withdrawing and sending BTC to addresses involved with coinjoins. One must wonder why an exchange would still be running chain analysis on users’ funds after they have made a withdrawal.
The European Central Bank put out a report titled “Eurosystem report on the public consultation on a digital euro”. The report found that the majority of survey respondents valued privacy in a digital euro more than any other feature.
“What the respondents want most from a digital euro is privacy (43%), security (18%), usability across the euro area (11%), the absence of additional costs (9%) and offline use (8%).”
In case you missed it, legendary investor Ray Dalio recognises the short-comings of Bitcoin, and recognizes the value and need to transact with zero traceability.
If you are game, have a read of an analysis of a recent debate between Monero advocate Rafael LaVerde and Bitcoin advocate Tone Vays. Check it out here.
Finally, if there’s a question you have about Monero, check out r/Monero’s weekly MAAM – Monero Ask Anything Monday. Ask anything you'd like to know about Monero, especially the dumb questions that you've been too scared to ask.
There is a Monero Meetup in Cape Town, South Africa, 6:00pm tonight (5/5/2022) at the Dark Horse. More information can be found here.
The next Monero Dev meeting is scheduled to take place on Saturday May 7th 2022 at 17:00 UTC in the #monero-dev IRC channel.
The next MoneroKon 2022 Planning Meeting is scheduled to take place on Saturday, May 7th 2022 at 18:00 UTC in the #monero-events IRC channel.
The Monerokon Conference is being helding on the 18-19th of June at Arroz Studios in Lisbon, Portugal. Monerokon are also accepting presentation and workshop proposals if you want to get involved. MoneroKon is going to be a celebration of all things Monero, privacy, and financial technology, and is aiming to be ‘the’ annual meeting of privacy advocates, cypherpunks, scientists, and philosophers. Tickets to MoneroKon are now available here on the MoneroKon website.
Exchanges and Merchants
Haveno is seeking feedback from the Monero community regarding which assets users would like to see listed on their exchange. Click the tweet below and follow the links to provide your feedback.
Coincards announced that Monero was one of the most used cryptocurrencies on Coincards in April 2022, and by far the most used within the USA .
Mullvad VPN are now accepting payments in XMR! Please note that when paying in Monero refunds are not supported, do not reuse a one-time payment address, and that processing the payment may take up to 30 minutes.
PhotoPrism, an AI-powered photos app for the decentralized web, now accepts Monero donations. You can check out their website here.
Shopinbit is offering 3% off prices plus free shipping within the EU if you buy a phone with a privacy focused Lineage OS and pay with Monero. Check out their offers here.
After a misunderstaning, the Monero.com app is back and available for download in the Google Play store!
If you want a Monero light, hit up matt_woodiwiss890 and he can make you one!
A new Monero crowdfunding platform has been launched called XMRStarter. XMRStarter aims to help users create funding campaigns for their projects similar to the official Monero CCS. Check it out here.
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.
CCS Projects requiring funding or have been recently funded:
Thank you to all those who donated to the Monero Moon CCS!
Trading & Speculation
Lion247 claims that “XMR/USD price bounced from former resistance zone so we may expect a bullish run from here to the next resistance”.
Monero could be printing an inverse head and shoulders on the XMR/USD pair.
Total Monero in Circulation — 18,116,778 XMR
Monero Total Marketcap — $4,127,990,922
Coinmarketcap Ranking — #35
XMR/USD Price — $228 USD
XMR/BTC Price — 0.00577 BTC
LocalMonero.co Street Price — $253 USD
Average Transaction Fee — 0.000079 XMR ($0.018)
Hashrate — 2.864 Ghash/s
Monero Mining Pools Hashrate Distribution —
rbrunner7 has published another piece of Monero fan-fiction. You can read all his works here.
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.