this post was submitted on 18 Jul 2023
3 points (71.4% liked)
Monero
1663 readers
38 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That is true in a way, especially if you just need a small amount.
Note, however, your IP and wallet address are publicly visible (assuming you're using p2pool). Depending on how you do this and your situation, Monero mining may not be private enough. For example, if hypothetically crypto or "unhosted wallets" are illegal in your country and your local ISP is willing to cooperate with the government, then they might easily know you're mining Monero and arrest you. You could mine more anonymously if necessary, but doing so may involve some cost: e.g. anonymous hosting -> VPS is not free, using Tor -> you might lose some hashrate.
My IP address is visible to whom? And visible as doing what?
Afaik, with p2pool, one also runs a local p2pool blockchain. And his miner connects to his own p2pool node.
I guess the other p2pool nodes can see you IP (assuming not hidden behind vpn) and I guess your ISP can see you are making connectioms to p2pool-specific ports on the network. But that much alone is hardly incriminating (yet).
Surely you can (and should) run a full node locally and p2pool can use it (--host 127.0.0.1). If you do that, many connections are local, except:
So it's not technically correct to assume that p2pool mining is super-private, where no one knows you're mining. Like you said, this fact is usually not a big problem as running a node or mining is currently legal in most places. It's just that a miner is more visible than a normal end-user.