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14 votes
Accepted

If Poloniex was hacked or shutdown, what effects would that have on Monero?

It would hurt Monero users who rely on exchange wallets instead of offline cold storage. Volume would quickly move to other exchanges such as Cryptopia, Bittrex, Shapeshift and Bitsquare. Depending ...
Big Things's user avatar
6 votes

If Poloniex was hacked or shutdown, what effects would that have on Monero?

A hack of poloniex would most likely not be the end, as it has already happenend back in March 2014 (https://bitcointalk.org/index.php?topic=499580). Poloniex took the repsonsibility and with the help ...
stke's user avatar
  • 702
3 votes
Accepted

Calculating the break-even time for new rig

The current difficulty is about 6.604 billion, not 1.617. And the block reward is about 8.63, not 14. The other parameters seemed reasonable enough. Those changes will certainly paint a different ...
scoobybejesus's user avatar
2 votes

Calculating the break-even time for new rig

Any number that one can come up with will likely be (significantly) wrong, because of the very high fluctuations of the market. You simply can't make a projection on several months when the price can ...
Moroccan Engineer's user avatar
2 votes

Calculating the break-even time for new rig

This calculator tends to be a lot more accurate than others. I recommend punching your numbers into this instead. Especially if you're not keeping up with block reward/difficulty :-)
Database's user avatar
1 vote
Accepted

Did the Silk Road coins of 110,000 Bitcoins actually moved into Monero XMR during 2018 Sept?

This did not happen. The FBI confiscated the BTC and later sold it to Tim Draper. Here is the source: https://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner
Endogen's user avatar
  • 812

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