Monero is the secure and THE anonymous cryptocurrency based on the CryptoNight protocol. You can learn more about it here. Completely untraceable, you are the sole holder of your funds and in charge of all transactions you make (unlike traditional currency). While you may not be concerned with Monero's features for traditional fundraising, we believe you have the right to remain anonymous if you choose so. That's what Monero is all about!
Mining is collecting and validating financial transactions of a cryptocurrency (Monero, in this case). These transactions are stored on a "block". When a miner solves the mathematical proof for a group of transactions, a new block is born. On average, a new block is added every two minutes. That block is then added to the "block-chain", which is a ledger and validator that no funny business is going on (e.g. transferring the same coin twice). When you solve this proof, you are rewarded in Monero for your hard work!
Most miners utilize a "mining pool". In a pool, multiple miners (like you) work together to solve the same block. If one of the miners succeed, the reward is distributed based on the amount of processing power you have contributed.
Your earnings are paid out automatically to the wallet you specify. Currently, the process happens daily, but we are working toward getting payouts on an hourly schedule.
The minimum amount that you need to reach in order to have your earnings paid out is 0.5 XMR. This payout minimum was set by coinhive.com, but we plan to lower it once we have a better backend solution.
Your Monero is stored in a wallet, which is a "public key". This public key identifies you and your funds on the blockchain (with Monero, this information is obfuscated). Attached to it (but separate), is your "private key".
This private key is your signature of sorts that authorizes transactions. Both your public key and your private key are a very long string of numbers and letters, so how do you remember them? When you generate a wallet (see the guide below) you will receive both your public/private key in digital form that you can view.
Since your private key is your "signature", you want to keep this especially safe! You will need both keys to send funds to other addresses. If you lose either key, you lose all of your Monero (so again, keep 'em safe)!
Remember, all of this is decentralized. It's not sitting on some server somewhere, it's sitting on a bunch of servers and computers EVERYWHERE.
A wallet is what will "hold" the Monero you earn (explained in "where are my funds saved" above). There are multiple forms your wallet can take depending on the level of security and/or ease you prefer. Below are a few options to get you started. This could be the most confusing part for some of you, so reach out to us or the community if you need help.
As much as we would love you to keep Monero in it's current form, we understand your organization probably has the need for a more widespread currency, like the dollar. As of now, there are no organizations we feel comfortable recommending to exchange Monero directly for USD. Due to this, we recommend you exchange Monero for Bitcoin and then Bitcoin for USD. One method of doing this is listed below, but there are tons of sites that can accomplish the same thing. As always, reach out to us if you would like an alternative (or have a suggestion).
As of writing this, shapeshift takes a .001 Bitcoin "shift" fee. As of September 2017, this is roughly $5.00. We think this is unacceptable but is the most viable option at this time. Until a reputable exchange appears that lets you exchange Monero directly for USD, we recommend you wait until you are ready to "cash out" to get a maximum payout.
One good thing about Bitcoin is most people have heard of it and accepted by multiple online merchants. Because of this, there is a wealth of information online that can guide you in getting a wallet and exchanging it for USD. Personally, we like coinbase.com for how easy it is to use. They have a mobile app, too!
You will need a valid bank account or debit card to sign up. They may require additional verification as well. Once you have created an account and have been verified, you will have access to your Bitcoin address to use Shapeshift referenced above. From here coinbase makes it easy to deposit USD directly to your bank account. Like shapeshift, Coinbase takes a fee that varies based on the amount you are exchanging. Again, we recommend you wait until you are ready to "cash out" to get a maximum payout.
If you use this site the way it is intended, no. Tabfor.org will never ask you to download or install anything extra, and mining is not harmful to your computer's CPU.
Giving us your email is entirely optional. We use this to send updates about the site if you are interested. We will never give or sell this information to anyone.
A bunch of ways! If you have questions or suggestions we would love to hear from you!