Monero – Up, Up, and Away!

monero_price
Up, Up, and Away!

You have to keep an eye on these altcoins.  It appears that the rising tide is lifting some other ships than just the tall-sailed Bitcoin.  While everyone is watching Bitcoin, Monero’s price has jumped to $166.00 USD.  The last month, Monero slumped back down below $100 USD and over the last week, it started a steady climb to where it is now. I think we might see $200 USD before the end of the holiday week. I like the idea behind Monero, and the community seems to be pretty optimistic about the future as well. When the price spiked a month or two ago, a lot of miners started focusing on this coin.  Even as the price declined, the number of miners in my pool appeared to climb steadily.

Have you taken a look at this coin?  If not, please visit the links below for more information.  For those of you who have stopped mining Bitcoin due to the compute resources required, let me suggest that you look into Monero as it can still be mined with CPU and GPU relatively inexpensively.  I usually mine for a while and then convert over to Bitcoin, but I am thinking that I might start letting some coin sit in my wallet as I watch the price.  Regardless of how you are playing the cryptocurrency game, I would suggest that you take a look.

Resources:

Monero.How

Monero Official

Author: Phil

Phil Williams is an engineer with around 20 years of information technology industry experience with past focus areas in security, performance, and compliance monitoring and reporting. Phil is a husband, father of 6 children, and an avid geek who loves building computers, gaming, and gadgets. He has an undergraduate degree in general IT sciences and has worked with the US Government as a contractor for over 20 years. He is now in a security solutions advisory role for a large vendor supporting commercial and enterprise customers.

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