"The good news about mining XMR is that any standard computer can become a miner. Miners do not require ASICs to mine #Monero. To become a miner, you will need to use special software for mining monero.

Miners verify transactions on the Monero blockchain, helping generate the next block on the network. They are rewarded with XMR. It’s important to note that monero doesn’t have a hard cap, like bitcoin, which has a fixed supply of 21 million. Mining helps to secure the Monero network. This is why there is technically no fixed supply for XMR. Verifying transactions allows miners to receive rewards, even after te max supply has been reached.

Since all monero coins have been discovered (~18.132 million XMR), the monero mining rewards have a fixed value. Since May 2022, A “tail emission” generates 0.6 XMR rewards per block infinitely to keep miners motivated. This translates to <1% inflation decreasing over time.

A new block is mined every two minutes, and the reward is 0.60484 XMR, indefinitely. Since all the Monero supply is already in circulation, the block rewards will not change anymore. This feature is hard-coded into the source code."

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Discussion

Multiple logical contradictions. On one hand you say the supply cap has been reached, but then the next sentence you explain how every block creates new XMR. Both statement can't be true. You also assert that without a block subsidy the incentive to mine vanishes, which ignores transaction fees.

Monero has no supply cap. It will inflate indefinitely. That is a fact. You never achieve "all coins in circulation"

It’s amazing to me that there are people who believe debasement is necessary to create a store of value. What’s next? Do we need central banks too?

Can you pronounce E T F?

No?

How about gfy?

If monero was as big as Bitcoin it would also have ETFs... That has nothing to do with either protocol ya doofus

The ETFs are recent. For years monero has been destroying the value of your savings. Don’t get mad at me.

There's a reason we aren't called the Monero Goats.

Where does the reservation demand come from?