Omg, difficulty increased x1.5 overnight (now 8038312). Botnet?
I don't think 1.5x indicates a botnet at all. For one thing the Windows miner was optimized to be about twice as fast (which makes it slightly faster than Linux, but fairly close). Given that so many people use Windows a big jump is to be expected. Second with the attention this coin is getting and the enormous price jump it is not surprising that many more people want to mine it. |
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received 500+100
MRO balance 1610
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Problem is that AES is not suitable as a hash (certainly not when employed as encryption) for it has too small of a output space (repeating patterns will be over a few number of bits), thus it will be possible to attack this with an algorithm to reduce the scratchpad size significantly from the 2MB. I agree with this. Only a small number of bits of the output of AES are being used, but AES does not guarantee that all of its output bits are random. For example, consider an algorithm AES' which is just like AES except that it appends 10 trailing bits that are always zero (AES'(x) = AES(x) << 10). This would be just as secure as AES for encryption, but catastrophically bad for slow_hash. I suspect the developers wanted to use AES because of the hardware support in Intel CPUs, but they made a mistake, though it isn't immediately apparent how catastrophic this is (unlike my toy example above for example). If they used a true secure hash, it would be much slower and likely not memory bound. The algorithm can and should likely be improved in this regard, although I don't have any immediate suggestions how. What kind of comparison can be made with Tromp's Cuckoo Cycle (Man, that's painful to say -- sorry Tromp), or the blockchain mining style that's proposed in HoneyPenny in light of the weakness in AES? I dont understand tromp's algorithm well enough to comment. dga posted some cautionary comments that I would echo. I don't have a link for that. The premise of honeypenny's algorithm seems to be requiring access to the block chain in order to hash. That has some good and bad properties. Given sufficient block chain growth it turns into a storage bound task, since storing the block chain in primary memory seems implausible going forward, and likely tends toward centralization. Perhaps no more so than centralization of nodes though. |
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Problem is that AES is not suitable as a hash (certainly not when employed as encryption) for it has too small of a output space (repeating patterns will be over a few number of bits), thus it will be possible to attack this with an algorithm to reduce the scratchpad size significantly from the 2MB. I agree with this. Only a small number of bits of the output of AES are being used, but AES does not guarantee that all of its output bits are random. For example, consider an algorithm AES' which is just like AES except that it appends 10 trailing bits that are always zero (AES'(x) = AES(x) << 10). This would be just as secure as AES for encryption, but catastrophically bad for slow_hash. I suspect the developers wanted to use AES because of the hardware support in Intel CPUs, but they made a mistake, though it isn't immediately apparent how catastrophic this is (unlike my toy example above for example). If they used a true secure hash, it would be much slower and likely not memory bound. The algorithm can and should likely be improved in this regard, although I don't have any immediate suggestions how. |
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Smooth, you have any ETA on the pool?
Any updates will be posted. Tacotime is in contact with the developer. |
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Whew. I believe I have updated all orders and also responded to all escrow requests and completed delivery on all escrow trades. If I missed something please let me know.
When does that exchange open again?
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People may be impatient, but I can't help that. I solo mined bitcoin until I only got a block every few months. Considering the electricity bill and the price of BTC by that time, was it worth it when you did it? Or were you that much in love with bitcoin that you were ready to mine at a loss? It was profitable over the cost of electricity, I think. (I had free electricity so I don't really remember but I don't think that was the issue.) Whether you use a pool or solo mine does not affect profitability (although...pool fees, etc. would reduce it), only how much your results are influenced by luck, which can go either way. |
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I don't think it is necessarily anything.
very day we see people coming on here trying to figure out how to mine. Some of those people have multiple computers, some have many computers. I remember yesterday two people were specifically asking about how to set up multiple computers to mine to one wallet. I have no idea how many computers either of them have or how many other people like that didn't post. There was an optimized Windows miner released recently that doubled the has rate on a lot of hardware. With the price going up like crazy yesterday that was clearly going to attract a lot of people.
All of this is going to rapidly drive up the amount of mining and the hash rate, which in total still isn't that high, only 5000 or so computers.
If a couple of large farms show up it's going to chase all the miners off because there's no pool yet. Nobody will have any realistic chance of getting a block. Sure, if that happens. It hasn't happened yet. The whole network is around 5000 computers. Even with one little computer you should get a block every 3 days. People may be impatient, but I can't help that. I solo mined bitcoin until I only got a block every few months. But it can, and it will happen. Probably sooner than later considering how fast the value of this coin is rising. I have six computers mining and only found one block so far back when the difficulty was in the 1000000 range. At 6000000 I'm just going to stop mining because there really is no point. Not trying to be a thorn in anybody's side here, just saying this could turn into a problem. Only time will tell i guess. Whether or not large farms or botnets show up, the hash rate will certainly continue to rise if the coin is successful and pools will be needed if small miners want consistent payouts. Fortunately an open source pool solution is being developed. |
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I don't think it is necessarily anything.
very day we see people coming on here trying to figure out how to mine. Some of those people have multiple computers, some have many computers. I remember yesterday two people were specifically asking about how to set up multiple computers to mine to one wallet. I have no idea how many computers either of them have or how many other people like that didn't post. There was an optimized Windows miner released recently that doubled the has rate on a lot of hardware. With the price going up like crazy yesterday that was clearly going to attract a lot of people.
All of this is going to rapidly drive up the amount of mining and the hash rate, which in total still isn't that high, only 5000 or so computers.
If a couple of large farms show up it's going to chase all the miners off because there's no pool yet. Nobody will have any realistic chance of getting a block. Sure, if that happens. It hasn't happened yet. The whole network is around 5000 computers. Even with one little computer you should get a block every 3 days. People may be impatient, but I can't help that. I solo mined bitcoin until I only got a block every few months. |
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I don't think it is necessarily anything.
Every day we see people coming on here trying to figure out how to mine. Some of those people have multiple computers, some have many computers. I remember yesterday two people were specifically asking about how to set up multiple computers to mine to one wallet. I have no idea how many computers either of them have or how many other people like that didn't post. There was an optimized Windows miner released recently that doubled the has rate on a lot of hardware. With the price going up like crazy yesterday that was clearly going to attract a lot of people.
All of this is going to rapidly drive up the amount of mining and the hash rate, which in total still isn't that high, only 5000 or so computers.
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Fixed the formatting error.
Posted a trade for 8661.5 MRO
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Maybe you should note that someone is a newbie after their name, as you only link to the Send PM form atm.
Or link to profile instead of PM? Good suggestions. I'll work out something. |
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Fantom coin is coming
You should sell before the dump
Shitcoin clones have never done much to hurt the coins they are cloned from. There will be a 1000 more after Fantom. Please keep this tread on topic though. |
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1. All orders updated
2. Yes please keep the speculation discussion to a minimum. Quick comments are fine, but long posts or discussions back and forth should go to the discussion thread. I don't want to have to replace this thread with a self-moderated one, but I will do it if these long exchanges continue.
3. Always be careful and use escrow if dealing with Newbies or other untrusted people. You do not have to use my escrow service if you don't want, you can use someone else, but above all be careful. I don't want to see people getting ripped off on this thread, but it is inevitable that attempts will occur.
Happy trading.
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Please hurry up and deploy 1000 shitcoin cryptonote clones. Because the only reason all the shitcoins have failed so far is not having the Cryptonote crypto. Obviously.
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Does wallet.bin.address.txt contain my MRO address? It seems rather long...
Yes that is your address. They're longer because they are stealth addresses, used by the sender to create a new address for each transaction. |
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When will this coin be on the exchange?
Is this enough "exchange-like" ?   Its not really the same though is it, Ive been trying to buy since 0.000360. Somebody was clearly buying, right? Because there were trades. You just weren't bidding aggressively enough, and other people were. I felt I was doing well selling "above market" at 80, now I feel stupid. Whoever it was who bought from me did well. Im not disagreeing with that smooth but with any trading thread it isn't anything close to a substitute for an exchange. It relys on a single entity updating and mediating as well as trust. Trust that the person you are discussing a deal with doesn't pull out last minute (as happened) or that they actually send you the coins. Trust also that the OP whos escrowing isn't adding orders 'escrowed' to make the books look a certain way (Im not saying you are just that its possible) That is all true, although I'd add that unregulated or poorly-regulated crypto coin exchanges have a number of those issues as well, and some others. Anyway, exchanges are coming, and I'd guess fairly soon. It's just a matter of time. |
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When will this coin be on the exchange?
Is this enough "exchange-like" ? Its not really the same though is it, Ive been trying to buy since 0.000360. Somebody was clearly buying, right? Because there were trades. You just weren't bidding aggressively enough, and other people were. I felt I was doing well selling "above market" at 80, now I feel stupid. Whoever it was who bought from me did well. |
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