Is there a realistic way a person having an old computer and cheap (but not free) electricity can actually mine monero equal to some amount which can be used to donate to good service providers or purchase services?
I keep hearing about low reward to effort ration, but can I get a respectable amount in let’s say a year without having to deanonymize myself by going to a Centralised exchange?
IDK… I get cash from my bank. I watch teller grab bills, hand them to me. She doesn’t scan serials. I suppose it might happen for very large transactions. Or if they have a criminial investigation going and are using bait bills. But I’ve never seen it when I get cash.
Plus, say serials WERE logged. Take bills, buy lunch at local food truck for cash, get change from the nice Mexican lady who makes the badass green chili sauce. Thank lady, enjoy burrito. Bada bing, untracked serials! Burrito truck is not scanning shit.
Seems like in theory it can trace your purcahses, sort of, if both sides of the transaction record the serials. But in practice, it’s astronomically unlikely. It feels like robust and easy anonymity for buying things. Even more than most cryptocurrency, with how easy opsec failures are, and every transaction being on a permanent blockchain.
Yeah agreed. Even if cashiers had a tracker for bills you still have general population chaos. Like I take 20 out of bank (tracked). Say I paid a friend and they bought something (tracked) then you have some rudimentary contact tracing/location, however: I could take out 20 (tracked) and ask a homeless guy if he’d give me $18 in change, bills and coins for a $20.
Now my transactions just disappeared, if the homeless guy immediately buys something you have some tracing and location, but you know how life is: money slips from his pocket, the wind blows it a few blocks away, a guy from out of town finds it and maybe mails it to a relative as part of a birthday card, that sits in a kids piggy bank for a year. Spends it and it’s tracked…but that data connection is a mess to try to work backwards to the withdrawal