Monero XMR is a virtual currency more private and anonymous than Bitcoin, born in 2014 from the fork of Bytecoin BCN. Monero after the bifurcation from Bytecoin, the developers undertook to improve their original code and integrate the CryptoNight algorithm for mining, where the order of transactions is voted on, new features in the protocol and the fair distribution of money.
On the other hand, specifically, the technology that allows the absolute privacy of Monero is called ring signatures (ring signatures). This is a group of cryptographic signatures in which the only one of the ones that appear is real, but there is no way to indicate which one it is or where it came from, because when they are mixed, they all seem valid. So when making a transaction anonymity is maintained except for the parties involved
According to the performance calculators on several websites, the profitability of mining Monero is still high, and the profits are substantial using the right equipment. We know that mining is something that can consume us many technological resources, investment and energy that translate into money. But Monero has been quite stable over time, so it’s still profitable to mine even in the Cloud.