1. Your power cost is too high. At 20c/kwh you probably shouldn't be mining at all.

2. You are probably underestimating the flattening out of the difficulty growth. That is just my opinion though.

If you tweak those you can make this slightly profitable. Not an amazing deal but okay. If BTC prices go up before these sell out they will be a better deal.

Why does my account only show $100 off coupon, not $400?

What? I paid 5.5 for batch 2 and that was about the minimum, most paid more. Batch 3 looks like to be right around 5 with the coupon.

Worse deal given the difficulty increases though.

Why does my account only show $100 off coupon, not $400?

10K hash/sec is not 20K CPUs. Most CPUs get around 10-15.  So 10K hash is more like 1000 CPUs or less.

Agree a pool would be very good for small miners.

Oh, I totally agree with you there. The purpose for creating this technology was not a scam. No question about that. This is a totally different animal from say bitcoin-copy-paste clones.

As I said earlier, my leading theory (though not incredibly high confidence) is that they developed it for more or less the same reasons Satoshi developed bitcoin, but they didn't move quickly to get their coin out and adopted, and they misdesigned it with a very fast reward curve (probably being overly optimistic about how quickly it would be successful). If they had done a few more things right, who knows what could have happened. This could have been Litecoin, or even, possibly, exceeded Bitcoin. But they didn't, and it is what happened later that I take issue with.

1. I have one and only one login on this forum site, unless you count the monero shared login, to which I have access (but rarely use, and then, so far at least, only to help maintain the information posts). EDIT: Nor have I ever in the past had any other logins.

2. I agree that pump-and-dump has gotten much harder, as the community has learned to avoid premines and such. This is a good thing.

As far as the bytecoin devs, it this is in fact what happened, my guess is that they got the idea to put a little public gloss on their project and try to cash out of their coins with a PnD some time ago, when coin prices were higher and the healthy skepticism toward premines and other PnD schemes had not matured to where it is now.

Take a look at the timeline. Web site first appeared according to wayback in late February and the first post here was in early March. Allow a month or two to get ready to go public and that places us right back in the near the peak btc+alt bubble in late 2013 or very early 2014.

Probably not "deep freeze" cooling but it does require a low ambient temperature, probably <= 20C, otherwise the firmware will reduce hashing. That's what they have said about the SP10 as well. You are not going to stick these in a hot warehouse and expect to get 6.5 TH. In the right kind of data center environment it should.

Your numbers are way off. At a difficulty of say 100K, that's only a hash rate of under a 1000. I personally have quite a bit more than that, and my cluster is nothing special.

Many of those blocks are <100K but some are over so that is a fair average.

Looks like I might be getting close. Consider the hornet's nest stirred up.

I wonder where all these cheerleading Newbies came from that just happen to be so interested in this coin all of the sudden.

FWIW:

1. I didn't create Monero

2. I mine both coins, I think they are both impressive in terms of technology.

I have no agenda here. I seek the truth and point out scams and potential scams where I see them. That is all.

I wasn't specifically talking about bitcointalk. I have seen plenty of third party reporting about the deep web stuff and never was it mentioned that they are using this new thing called Bytecoin, or even some unknown anonymous payment technology. Bitcoin is frequently mentioned. Stolen credit cards, botnets, and other items of value are sometimes mentioned.  Nothing like bytecoin has ever been mentioned. You can go and look at this reporting yourself if you want, that doesn't require visiting kiddie porn sites.

It could have been known in some (very) small circles, but it is certainly not being "widely used" on the deep web. And as I said before, the difficulty was (and still is, but definitely before) much too low to be consistent with any kind of widespread use. This theory does not hold water.

As I said before, I think the most likely explanation is that the developers bumbled around with it for a long time but never really went anywhere with it in terms of usage, causing 80% of it to be mined even with essentially zero user base. Maybe they simply dropped the ball on getting out there, or maybe they did not understand for a long time that a secret coin can not ever have value. When they realized what had happened, instead of throwing away their worthless devcoins and doing a rerelease so the coin could actually get some users before being 80% mined, they decided to try to pump and dump them here.

Other explanations are possible. I find that to be the most likely.

I think he's talking about the total 18m supply. Of course we won't even be near that for years.

Sorry I don't know anything about the Windows version. Anyone else know?

It's in .bitmonero

exit the node, put the file you downloaded from the above link into that directory, and then restart the node

That is odd, the mining code is exactly the same. Have you tried restarting? Deleting and redownloading the block chain (the Monero block chain is pretty small, so this is easy)?

Sounds like something is messsed up.

When you do print_cn in the daemon do you see active connections? BCN and MRO use different ports to connect, maybe one is being blocked by a firewall. That's the only difference I can think of.

Liquidity is a nice excuse, and also false. In addition to the many other orders that are p2p, I have an order to buy 2000 coins on escrow right now. You are welcome to sell into that order. You can have BTC in on the way to you in exchange for your obscenely overvalued Monero within 3 minutes. Okay? After that you can probably sell another 10000 within an hour or two.

There is nothing wrong with this order process. When you consider the problems that have been caused by centralized exchanges (including $400 million getting stolen in one case), direct trades OTC might well be better.

I'm not following.

How many coins do you want to sell?
At what price?
Do you wan to use escrow?

Those are the relevant questions to participate on this thread.

If you want speculate about what you think the price should be but not put money behind it, you are in the wrong place.

There is no scamming on my thread that I know of. If there is, tell me about it and I'll remove those orders.

If you think the prices there are too expensive then you should post lower orders.

What is your price to sell?

Correct.