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>If I want do something shady, I'd have the problem of onramp KYC etc. Is it still possible to circumwent KYC by mining? Or is it too expensive? Sounds like a

by dorgo 7y ago

>If I want do something shady, I'd have the problem of onramp KYC etc. Is it still possible to circumwent KYC by mining? Or is it too expensive? Sounds like an advantage of PoW over PoS

qes 7y ago
> Is it still possible to circumwent KYC by mining? Not really. You can't earn much at all mining any coins without significant and reoccurring capital investment. There are de-centralized exchanges like Bisq that you can use without KYC. Also Monero has true anonymity so while you might need a KYC onramp to get into crypto, once your value is on the Monero chain it's anonymous, transactions cannot be followed, balances can't be seen (without permission).