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monero·MonerobyUser

Monero vs Bitcoin fees

What Is a Transaction Fee?

Transaction fees are payments made when transferring cryptocurrency between wallets. These fees can vary based on the blockchain'sactivity and serve as an incentive for miners to verify transactions. Users can choose to pay higher fees to prioritize their transactions and expedite the process. Transaction fees play a crucial role in maintaining the integrity and efficiency of blockchain networks by preventing network overload and incentivizing miners to validate transactions. Why are Bitcoin transaction fees much higher than monero?

Bitcoin transaction fees are generally higher than Monero due to the fixed block size limit in Bitcoin. When the number of transactions exceeds the block size limit, users have to compete by offering higher fees to prioritize their transactions. This bidding war for limited space in blocks drives up the fees. In contrast, Monero has a dynamic block size, allowing for more transactions to be included when the queue is long, resulting in lower fees as there is less competition for block space. Is it easier to maintain privacy when using Monero compared to Bitcoin?

Achieving full privacy in Monero is generally easier than in Bitcoin. In Monero, sending a transaction provides maximum privacy by default. On the other hand, Bitcoin requires users to navigate through numerous steps and techniques to attain only moderate levels of privacy. Therefore, Monero offers a more straightforward and efficient means of maintaining privacy compared to Bitcoin.

Monero vs Bitcoin feeshttps://monero-bitcoin-fees.vercel.app/Open linkView original on monero.town
8
monero·MonerobyUser

Monero Observer: it's time for a much needed break

After ~650 virtually uninterrupted days of work on Monero Observer, it’s time for a much needed break.

In an effort to mitigate long-term exhaustion and get back into physical and mental shape, I’m opting for a total disconnect: no reporting, no communications.

Not sure how long I need and what I will decide to do after this period. The website will remain online for now, so anyone can still browse the archives.

Thanks for reading and supporting my work, I have always appreciated that.

Onward.

escapethe3RA

PS: Keep in mind that ‘Privacy only extends so far as the cooperation of one’s fellows in society’.

https://monero.observer/Open linkView original on monero.town
16
moneromining·Monero MiningbyUser

P2Pool 3.5 out now - update!

Update as soon as you can for the latest changes/fixes etc

The version 3.5is out: https://github.com/SChernykh/p2pool

​

Changes:

Added support for multiple Monero hosts. P2Pool will switch to the next host in list when it thinks the current host is stuck or lagging. Documentation is here
Added console commands hosts
and next_host
to switch between hosts manually
Rate limit peer list requests instead of banning peers who send them too often
A few smaller bugfixes and code refactorings to improve overall stability
P2Pool 3.5 out now - update!https://github.com/SChernykh/p2poolOpen linkView original on monero.town
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