Why Does It Take So Long To Download A Monero Blockchain

How long does the Monero blockchain take to download?

Here it says that downloading the raw blockchain from getmonero.org is much slower than syncing it with the dameon, but the dameon is looking to take at least 4 days to download while downloading it from getmonero took only 10 hours.

Why is Monero transaction taking so long?

However, during periods of high network traffic, it may take longer. Monero wallets require at least 10 confirmations of any transaction before being able to send or exchange. You can always check your pending transaction on the blockchain.

How do I speed up Monero blockchain sync?

If you have an SSD drive, there is a way to speed up the initial synchronization of your daemon with the network. This is achieved by downloading a copy of the raw blockchain and importing it.

Do I have to download the whole blockchain Monero?

Can I avoid downloading the entire blockchain? Yes. You don't need to download the blockchain to transact on the network. You can connect to a remote node, which stores the blockchain for you.

Can you mine 1 Monero a day?

Based the mining hardware inputs provided, 0.00686526 Monero can be mined per day with a Monero mining hashrate of 42,000.00 H/s, a block reward of 0.65 XMR, and a Monero difficulty of 343,573,190,522.00.

How many Monero are left?

Monero

Denominations
Block reward	XMR 0.6
Block time	2 minutes
Block explorer	xmrchain.net
Circulating supply	~XMR 18.2 million

How long does a Monero transfer take?

A Monero transaction time can be as short as the generation of one block in 2 minutes. However, 10-15 levels of blocks is needed for irreversibility, thus the safe transaction time is 20-30 minutes.

How long does it take for XMR to confirm?

A Monero transaction can be tentatively completed in as little as 1 confirmation in 2 minutes. However, the latest blocks in the blockchain are changeable until more blocks are added after them. For irreversibility, 10-15 levels of blocks and thus 10-15 confirmations are needed.

Which miner is best for XMR?

NanoPool allows users to mine several digital coins, including XMR. You can mine Monero both with your CPU and GPU. MoneroOcean makes it possible to mine Monero or even more profitable coins but still get payments in XMR. SupportXMR is the best Monero miner when it comes to community.

Which CPU is best for Monero mining?

Almost any CPU can be used for mining Monero. However, if you wish to purchase a new CPU, select either the Intel Xeon or AMD Opteron CPUs. The Xeon L5640 has a hash rate of 130 H/s, while AMD Opteron has a hash rate of 415 H/s. Always remember that mining Monero using your CPU isn't the most profitable of processes.

Why Monero is not popular?

Although some use Monero for ransomware and other illegal activities, other users just don't want a public record of their cryptocurrency transactions. Monero does have its potential issues. Countries have banned it and exchanges have delisted it.

How untraceable is XMR?

Monero transactions are confidential and untraceable. Unlike selectively transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default.

How long does it take to get 10 Monero confirmations?

After about 26 minutes, the wallet will have received 10 confirmations of the transaction and consider the funds fully confirmed and unlocked for spending.

How much XMR can I mine in a day?

Rewards of mining Monero As of January 2021, miners receive 1.26 XMR for every block they add to the blockchain and a new block is mined every 2 minutes. Depending on your CPU/GPU, this can amount to around $0.45 to $1 in profitability, per day per mining system.

How long will it take to mine 1 Monero?

As of Monday, November 28, 2022, it would take 145.7 days to mine 1 Monero at the current Monero difficulty level along with the mining hashrate and block reward; a Monero mining hashrate of 42,000.00 H/s consuming 450.00 watts of power at $0.10 per kWh, and a block reward of 0.65 XMR.

How much RAM do I need for Monero?

RAM frequency and timing settings for Monero mining. Note that setting XMP might not be the most optimal setting for mining. We suggest setting RAM frequency to 3200 MHz, Infinity fabric to 1600 MHz, and RAM timings to auto. These should be default OC values for every RAM model when mining the RandomXMonero algorithm.

Is Monero illegal?

Is Monero Illegal? Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable.

Why is Monero not popular?

Although some use Monero for ransomware and other illegal activities, other users just don't want a public record of their cryptocurrency transactions. Monero does have its potential issues. Countries have banned it and exchanges have delisted it.

Do hackers use Monero?

This is why more hackers are turning to coins like dash, zcash, and monero, which have additional anonymity built into them. Monero, in particular, is increasingly the cryptocurrency of choice for the world's top ransomware criminals.

How long does Monero take to confirm?

A Monero transaction can be tentatively completed in as little as 1 confirmation in 2 minutes. However, the latest blocks in the blockchain are changeable until more blocks are added after them. For irreversibility, 10-15 levels of blocks and thus 10-15 confirmations are needed.

Which CPU is best for mining XMR?

Almost any CPU can be used for mining Monero. However, if you wish to purchase a new CPU, select either the Intel Xeon or AMD Opteron CPUs. The Xeon L5640 has a hash rate of 130 H/s, while AMD Opteron has a hash rate of 415 H/s. Always remember that mining Monero using your CPU isn't the most profitable of processes.

Can Monero be banned?

Although some use Monero for ransomware and other illegal activities, other users just don't want a public record of their cryptocurrency transactions. Monero does have its potential issues. Countries have banned it and exchanges have delisted it.

Can IRS trace Monero?

US Homeland Security Can Now Track Privacy Crypto Monero Cryptocurrency intelligence firm CipherTrace announced today that it has developed a toolset for tracing Monero (XMR) transactions—and that it has done so at the behest of the United States De… Create an account to save your articles.

Can the IRS track Monero?

When you buy a cryptocurrency for fiat currency (such as USD or GBP) as mentioned above, the government can see this and even if they didn't there is always a chance they will. Until your funds are on Monero the transactions can and will be traced back to you.

Is Monero legal in the US?

Is Monero Illegal? Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable.

Second half of the Monero Blockchain is painfully slow to …

Second half of the Monero Blockchain is painfully slow to download. from Monero

Yes it has been extremely slow for me as well. According to the log it is downloading at 100 KB/s. My internet is 100MB/s. Is there a way to let …

monero wallet gui – Time Required for Initial Blockchain Sync

https://monero.stackexchange.com/questions/13070/time-required-for-initial-blockchain-sync

When using the daemon, it is downloading and simultaneously verifying that it has not been tampered with so that decreases speed.

How to speed up initial blockchain sync – Monero.How

https://www.monero.how/tutorial-how-to-speed-up-initial-blockchain-sync

IMPORTANT: It is critical that you only download a trusted version of the raw blockchain from getmonero.org. Do not trust downloads from other sources.

downloading blockchain.raw extremely slow #2908 – GitHub

https://github.com/monero-project/monero/issues/2908

Trying to setup slave, for the first time, it was pain to download client (gui and cli version), was taking for ages.

Support » sync takes for ever – Monero | Forum

https://forum.getmonero.org/5/support/89362/sync-takes-for-ever

The blockchain is about 37GB – Depending on your connection speed, it could take some time. You cannot make payments while your wallet is syncing.

FAQ | Monero – secure, private, untraceable

https://www.getmonero.org/get-started/faq/

Why is my wallet taking so long to sync? How do I decide if I should run a full node or a pruned node? How big is the Monero blockchain?

Downloads | Monero – veilig, vertrouwelijk, onvolgbaar

https://www.getmonero.org/nl/downloads/

You are strongly advised to verify the hashes of the archive you downloaded. This will confirm that the files you downloaded perfectly match the files uploaded …

Monero (XMR) – Ledger Support

https://support.ledger.com/hc/en-us/articles/360006352934-Monero-XMR-

Advanced mode: Download and validate the full blockchain. This offers the optimal level of privacy and contributes to the strength of the Monero …

How to Upgrade the Monero GUI Wallet to the Latest Version …

MyMonero

https://mymonero.com/

We put design first and ironed out the technical details of using digital money, so you can get back to business. There’s no Monero blockchain node to run.

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