Whether BCX publishes the known spenders of rings or not is irrelevant, because it can be calculated by anyone at any time in the future.
He (or anyone) can't publish known spenders because of stealth addresses. All addresses on the blockchain are one-time-use, so there is nothing on the blockchain to link your transactions with each other so as to create a virtual "identity." In effect this is a potential compromise to "untracability" in cryptonote, which would allow some transactions to link with with each other, but not "unlinkability". How successful that is depends a lot on how probable these linkages are to be made, which we don't know. It also remains to be seen feasible the algorithm is to perform, and what steps can be used to control the impact. We don't know any of these yet. In any case it is interesting work that will help improve the technology (all cryptonotes) going forward. Anonymint deserves credit for coming up with it. |
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There's a whole host of different instances that could be used. Don't look only at g2.2xlarge and c3.8xlarge. If we could spread it also to other instances it could prevent some of the problems above (the AMI would work fine with any of them although with a lower hashrate. And it would be good also for people who can't afford the higher end ones)
If you set it up for GPU mining you will probably have some some problems launching it on a non-GPU instance. But probably two different AMIs would cover all the types. |
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3) For Instance Type, select GPU instances g2.2xlarge, click next and set your maximum price (kind of expensive now, need to do like $0.09 per hour, used to be more like $0.06).
What is the hash rate of this setup? I just want to know if it is possible to make profit from AWS etc. It seems the hash rate of XMR is too high considering the price is so low. I am getting 350 h/s from CPU and ~300 h/s from GPU so combined it is about 650 h/s. GPU hashrate is not as consistent as the CPU, so delivered hashrate varies a bit. Not bad for ~7.5 cents an hour, but "profitable" is a relative term, depending on what pool you mine on, luck, & when you sell the Monero, eh? If we assume the electricity price is $0.075 per kWh, that is equivalent to 1000W for 650h/s. For AMD GPU, that is about 500h/s per 130W, or 3800h/s per 1000W. AWS is not so efficient. You haven't factored in the price of the hardware at all. In general though, it is not the most efficient way to mine long term, but a good way to get more capacity on short notice without an up front hardware investment, setup, etc. |
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Is it possible to provide us a fast AMD GPU solo miner?
I would love to but it isn't possible to do that right now. Best case at the moment for AMD miners right now is to configure smaller pools with backup pools. In the future, you can consider moving to a GPU friendly PoW mining algorithm, such as Scrypt-N, which is ASIC resistant and botnet unfriendly. I believe the reason why the present CPU friendly mining is used is that the creator of Bytecoin would like to introduce a deoptimized miner for their own profit.
Anything is possible, and we will definitely consider it. We have some other ideas to improve mining though, so not sure which direction we will go. |
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3) For Instance Type, select GPU instances g2.2xlarge, click next and set your maximum price (kind of expensive now, need to do like $0.09 per hour, used to be more like $0.06).
What is the hash rate of this setup? I just want to know if it is possible to make profit from AWS etc. It seems the hash rate of XMR is too high considering the price is so low. You will probably lose a little at current prices. The reason to do this is to secure the network with honest miners, or if you want to get more XMR while paying in fiat (credit card). If you want to make a profit mining you need to use your own gear (or hope the price goes up). |
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trolling needs to be stopped.
Which of course is itself trolling. You state that Monero needs to do the impossible, and then when it doesn't happen, you will claim to have "warned" us and point to this as evidence of how evil we are. Well thank you but no thank you for your little set up attempt. I'm not sure where you got your post count because you obviously have no clue at all about btct works. You would have an easier time clearing all the fish out of the ocean than stopping btct trolling. And I mean that literally. Mankind could likely overfish all the way to their extinction, but trolls on btct are more like cockroaches. |
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How can I calculate the estimated time to find a block solo, I'm running 17khs.
Simple formula. Difficulty is hashes to find a block so divide difficulty by your hash rate. That's your expected block time in seconds. About 20 hours in this case. |
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i have 1 GPU, how do i solo mine with it? usually i connect to moneropool.org. i know it does not mean much but its a solid 315 h/s  Good question. I have never seen an answer to this. GPU mining is only set up for pools? Perhaps we'll get a better answer. Meanwhile, put it on a smaller pool, with a backup pool configured. Also, don't forget to solo mine on your CPUs as well. Thanks for the support! |
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Just to throw it out there, what about a 2% mining tax instead of a 2% bootstrap?
Quite possibly, especially if there is a better method for crowdfunding or donations or something for specific targeted projects beyond the initial bootstrap. I think we're getting to the level of detail where we'd need to work out a real budget, which would require more involvement than just you and me. That may or may not be a pointless exercise, since it is isn't clear there is anyone other than the two of us even open to considering the whole approach. $10k/month seems like plenty of cash to burn.
I'll quote tacotime since he has more experience with the current market for hiring qualified crypto developers. Please read to the end and note that 21K USD/month is the low end of his annual budget estimate. It's kind of sad... Monero has attracted some of the smartest minds I've seen in cryptocurrencies and cryptography, but we don't have enough money to pay to developed even 1/4 of the things we need to. It costs about $100-150 an hour to contract a decent programmer to hack (and please don't start on the value of third world programmers, if you're talking about that you've probably never used them), or $800-1200 a day. I would estimate that ByteCoin put in about a half million USD to get their project off the ground, which is probably why they've been trolling us so hard. But, the fact of the matter is, we're either paying out of pocket or (like me) working completely for free.
Monero is about a lot more than pumping and dumping -- it uses many of the features that have been desired from core devs over time like privacy and faster/more secure EdDSA (which uses Schnorr signatures). But there are major, major architectural overhauls to the core code that need to be done to give it even a fraction of the usability of BTC, and I fear we won't be able to afford that. I suspect we need at least 0.25-0.50M USD per year to keep things moving along smoothly, and we're not getting close to $21K USD a month in donations.
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but the risk is much greater than what most people are giving it credit for.
Nice FUD..at least on topic for the thread for once! |
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How do I get everything set up for solo mining? I have the daemon running already, block chain up to date, etc.
If you are solo mining with just your cpu and are using the command line wallet then you can mine with the wallet. The command is start_mining You can choose the # of threads, for example 3, using: start_mining 3 To see what your hashrate is, in the daemon use the command: show_hr To stop the display of the hashrate use: hide_hr Best choice for number of threads is your L3 cache size divided by 2 MB. So for example 4770k has an 8 MB cache so 4 is the best number of threads. A slightly smaller number is better if you want to reduce impact on computer performance (and quiet the CPU fan if that becomes an issue). If you don't know then one less than your number of cores is a decent choice. |
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7 - Blockchain bloat Nobody cares except the trolls. I care. And I have money in it. I love the way shills just sluff concerns off as "only things the trolls care about". Let me explain why I care. If a bitcoin codebase - say dark comes along and impliments ring signatures. Then the cost per transaction is much less as the cost for storage is much less. As the cost to store all of the transactions are less. Simply no. If another blockchain implements ring signatures it will then have a bigger blockchain and the same cost per transaction. I'm going to come back to this thread when I have time because I think it is quality and I also like the aminorex's idea of a supporter writing a FUD list. For now just that above correction. |
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He doesn't and his own statements have already included contradictions that demonstrate he is lying. No I won't identify how, but I'm certain he is a fake.
Humm! Yes, that is the Monero way. State 'facts' without any proof but any other viewpoint must provide proof to a level commensurate with criminal prosecution. We're tired of it. And we're tired of you and your stupid Monero bullshit! Next time don't scam and you won't have these problems. Try being legit. Not really directed at "you" though. I know you're just doing your job. Everyone has to eat. So we can continue to do this kabuki thing where I criticize your boss's scam and you pretend to defend it, and then you collect your paycheck. Glad to help. |
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For what do you anticipate the potential $250k reserve being needed, and couldn't that be covered by the ongoing mining tax?
An ongoing 1% at current prices (future prices who knows, but downside price risk is there if there are fiat-denominated ongoing costs) only raises about 10K USD per month. This amount declines due to reduced mining by about 4% per month (i.e. quite significant after say six months). That is barely enough for one full time developer, not counting costs for infrastructure, experts, unexpected, etc. Of course there will still be donations, T-shirt sales, whatever MEW comes up with, etc. So I'm not saying it can't work, but it is definitely not so much relative to anticipated costs that the question shouldn't be asked. |
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Added another 50 donation, bringing my total to 250. Wished I could do a little more, but all markets are brutal lately!
Every donation is appreciated, regardless of amount! Thank you! |
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So why aren't they presently taking those actions? One possibility is that 0.1% hedges are simply too small to bother. This may happen but only at some 1% or higher level. |
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Cross posting excellent suggestion how to solo mine directly to the developer donation address to both help secure the network and support the project financially. Please do this! Now that we are approaching the First Day of Fall 2014 (The Autumnal Equinox) in the Northern Hemisphere (September 23 at 02:59 UTC) http://www.almanac.com/content/first-day-fall-autumnal-equinox here is a suggestion to help the Monero project while helping to stay warm this fall and winter. After starting bitmonerod (bitmonerod.exe for Windows users) enter: start_mining 46BeWrHpwXmHDpDEUmZBWZfoQpdc6HaERCNmx1pEYL2rAcuwufPN9rXHHtyUA4QVy66qeFQkn6sfK8aHYjA3jk3o1Bv16em 3 So what does this do. In addition to providing some warmth during the fall and winter, it adds some extra mining hashpower to help secure the Monero network, every little amount helps, while sending any found XMR to the development fund as a donation. Let us spread some warmth during this fall and winter. Technical note: The number 3 refers to the number of mining threads. I set mine to one less than the number of virtual processors in my CPU (4 for an Intel i5). To learn more about mining Monero please visit https://bitcointalk.org/index.php?topic=653467. |
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For anyone who would like to help support network over next few days
Or longer! |
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From the point of view of network security:
Best: Solo mine.
Better: Mine on small pool with backup pools configured.
Okay: Mine on big pool with backup pools configured.
Worst: Mine on big pool with no backup.
Solo mining is likely significantly better than the others given the possibility that an attack may compromise one or more pools and use their hash rate for the attack instead of just DDoSing them or fighting against them.
This all applies forever, not just in response to this immediate threat.
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So if you're holding XMR and mining to a pool, it might make sense to solo mine?
And if you're holding and not mining, it might secure the network for you to set up mining, at least for a short time?
And if you're just mining, and mining to a pool, it might make sense to preserve the value of what you're mining by switching to solo?
If theres a real successful full-blown attack it truly doesn't matter if you mine or not. You are presuming there is a successful attack. However, whether or not there is a successful attack may depend on whether you mine and how you mine. If you want to help support the coin, please mine it. Best: Solo mine. Better: Mine on small pool with backup pools configured. Okay: Mine on big pool with backup pools configured. Worst: Mine on big pool with no backup. Solo mining is likely significantly better than the others given the possibility that an attack may compromise one or more pools and use their hash rate for the attack instead of just DDoSing them or fighting against them. This all applies forever, not just in response to this immediate threat. |
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