Everything You Need to Know to Start Mining Monero
Monero’s popularity has been steadily increasing due to its strong emphasis on privacy and fungibility. Fungibility refers to the interchangeability of one unit of a currency with another. Unlike Bitcoin, Monero coins are indistinguishable from each other, making it impossible to track their transaction history. RandomX is designed to be ASIC-resistant, meaning that it is more suitable for mining with CPUs and GPUs rather than specialized mining hardware. This makes Monero mining more accessible to a wider range of individuals and helps to maintain the decentralized nature of the network.
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XMR is expected to peak at $360 by mid-2022, and its minimum price may rise to $320 by the end of the year. Gov Capital stated that Monero’s price could increase by more than 70% through the year, reaching the $350 price point in 2022. Gov Capital analysts don’t predict downward trends for XMR and consider Monero to be a profitable investment.