Monero is an altcoin that is more secure, faster, private and assures of better anonymity than the bitcoin. Monero mining is more affordable today than bitcoin and can give good profits for the miners. Since its inception in 2014, the Monero developers have been working hard to remove all the deficiencies they thought was affecting bitcoin.

Assured privacy and anonymity:

Monero is based on the CryptoNight algorithm which ensures complete privacy with a technology called ring signatures. It is a process where there are many cryptographic signatures of which only one is authentic. But nobody can guess which is the original signature and from where it has been transmitted. They all look genuine and only the parties concerned are aware of the transactions. There is no way the obscurity of transactions can be breached.

Stable and profitable:

There are several websites that offer calculators with which you can have an estimate of the profits you can accrue through Monero mining. It has been quite stable right from the start and it is likely to continue. Unlike bitcoin, Monero does not have a maximum cap. The money supply will start decreasing when it reaches around 18.4 million coins. Then onwards, there will be a constant ‘emission queue’ of 0.6 XMR per block in a span of two seconds causing 1% inflation. However, miners are assured of getting at least 0.3XMR per block always. Miners are assured of rewards facilitating continuity of the blockchain smoothly.

More flexibility in mining options:

Monero is totally decentralized with no involvement of regulations by any government or institution. The maintenance is managed by the developers. Monero is ASIC resistant which means miners can use their computer, smartphone or build their rig to mine. CPU mining Monero is very popular. The CryptoNight algorithm mainly relies on random access rather than the slow memory.

Monero developers are working on “Smart mining”. It is a process that detects the CPU usage and when it is not active, the mining starts. When the user activates the battery or the CPU detects the battery, mining automatically stops and restarts when the CPU becomes stationery in idle mode. CPU mining can also be done through the browser-based JavaScript miner Coinhive.

Greater security:

Security of transactions is one of the primary motives of Monero. It offers a 12P security update which enhances the anonymity feature. This is a big advantage when you do Monero mining finding a solution to the main drawback of bitcoin. The IP address of the recipient and the sender remain undisclosed in Monero. The very purpose of its creation was to find answers to the limitations that bitcoin had and it has been successful in doing so.

Safe transactions:

Every transaction that is done in Monero mining is done with high secrecy with encryption of the IP addresses as well as the transactions. The value of the deals is not known to any third party. Another benefit of Monero is that it has been accepted by the people. It is being used as a payment gateway in several e-commerce establishments in many countries across the globe.