Coming from someone that has way more Monero than the 20 btc necessary to drop the order book 50% and keep it there, you guys have no idea what you are talking about.
if I chose to do that, the auto dumping miners would simply hop in front of the remaining parts of my gigantic sell order at .0005btc and keep this downtrend going, while somebody makes an off hand comment about emission schedule
And lets not forget about the upside, anybody want to form a syndicate and get the price back up with a stabilizing bid? PM me
Did this guy just write rptiela is BTC poor  I'm paraphrasing, obviously. But "You guys collectively barely have enough bitcoin to buy Monero at firesale prices..." right after rptiela's post on the market does read like he's saying rptiela doesn't have two BTC to rub together. Mind blowing! I think he's just talking about the public buy orders already placed on Polo? As ArticMine says, most of the potential action is not in the form of orders already placed. |
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+1 This could be huge.   |
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This is great work, and much needed. It can also work simply as a currency exchange. Can you tell me how the exchange rate is calculated, and how the service is funded? I'm happy if you take a small slice during the process. EDIT: another thought: what is the trust model here?  |
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why is monero nr 21 on cmc when monero is the next gen coin?
And in the DRK thread: When will we hit 100$ per coin??
DRK troll. Ignore. |
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I Dropped the price
How about dropping the ransom attempts? |
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*minor rant* I wish people didn't assume that windows users are all uninitiated newbies or fools. 'windoze' etc does not make you sound clever. I am an experienced sys admin on various Unixes and Linuxes, Macs and Windows and I prefer Windows in general due to superior hardware and software compatibility. *end rant*
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Updated the list ( ANN - MEW) moneroeconomy.com is first (5 voices), xmrmonero.com and monero-economy.com are second (4 voices each) monero-economy.com is first choice for me; unhyphenated second choice. |
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Monero's 1 year birthday is approaching on April 18, 2015. How do you guys want to celebrate?
For me it will be buying more XMR and drinking a good Beer in celibration. Also a toast to the Dev team for all the work that has to be done and future milestones that will happen. Sounds good. I'll join in a toast to the Dev's, and donate a chunk from my smart wallet if it's available by then. |
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Monero's 1 year birthday is approaching on April 18, 2015. How do you guys want to celebrate?
Still waiting for 'magic' wallet with tears and bootle of cheap brandy. Dude, this thing aint gonna be a wallet. Its gonna be an account portal. I remember hearing (fireside chat maybe?) or maybe reading about the concept that "wallet" kinda doesn't make sense. But indeed, you're really just accessing your account thats cryptographically stored in the blockchain. And this account portal is gonna blow any conventional wallet away. It's gonna be like logging into your standard bank account online, except this account is now your monero account! I'll celebrate Moneromass by acquiring additional Moneros equal to 1 BTC. With the Grand 20MB Schism looming, anything could happen. It's the last chance to get a few more cheap 1st year coins, especially if BTC's civil war gets bloody and is headline news. "Account portal" is too wordy and nerdy. Because it contains so many more remarkable things than a wallet, we're calling the new client a "purse."  I hope not. I've never seen a neat, clean, tidy, efficient purse. The only purses I've seen are bottomless pits of fuckit, because my wife just throws shit in there. That could just be my wife though. Perhaps briefcase. Handbag?  How about smart wallet, by analogy with smart phone? |
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Plenty of open groups have membership fees.
Exactly. That's what I was saying. You have to pay to join MEW to exclude votes from the enemies of XMR. |
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xmrmonero.com is a MEW project and is not a core team project (that is not to say that we don't support it or contribute to it or whatever). The only sanctioned, official forum is forum.monero.cc To expand a bit about MEW for those who may be new, MEW = Monero Economy Workgroup, an open membership group that supports and promotes Monero adoption. Anyone can join. You can find out more on xmrmonero.com or https://bitcointalk.org/index.php?topic=776479.0Not true, you have to pay to vote which precludes the term open. Nonsense. Tell that to the women who want to join men only golf clubs. Open means they can - it doesn't mean they get in without paying. |
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Any serious investor will figure out how to generate a cold address.
You are thinking way to rational. Your answer might be true for serious (large) investors, but not for the smaller ones. Some of them are just waiting till they can easily and safely store their XMR on their PC's. All these small till medium size investors could still produce large buy pressure. I also think there are plenty of investors with serious money who are not tech heads. |
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The trendline since summer 2014 (June 21st) looks simply terrible.
All the way down with lower high points and the coin has lost most of its value both against bitcoin and against usd.
The trend was definitively broken around December 23. Now there is arguably a new slower downtrend of lower highs, but it is hard to make that case based on only two data points, and since December 23 we have also seen a higher low, so no clear indicator here at all. Most members in Monero community (me included) have reached their limits of the amounts of Moneros they want to hold. Somewhat agree. Some members still talk about continuing to average down so that does support the price. Also, I'm definitely seeing a growing second generation of Monero community members who weren't around for any of the early history and only now want to learn about the coin. That is a very healthy sign. I've been continuing to average down, buying some every month since June 2014. First buy: 0.00199. Highest buys were in September in the .003x range, and retrospectively they have hurt my average buy in a bit. Latest buy: about 7k @ .00121, today. I'm a bit jealous of the 2nd gen able to buy in at these prices, but I say welcome to the party! :-) My average is well under my initial buy price and I'm in it for the long run. Done buying for the moment, but may change my mind if prices drop any further. So much upside IMHO. |
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no offend just a question: is monero monday (?) missive posted at another place or is there a new way to update the community?
They currently go here first I think: https://forum.monero.cc/1/news-and-announcementsThey are then cross-posted into this thread. |
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What is the most ideal hardware for mining Monero? How much does it cost and how many kilohashes does it achieve?
Not worried about making ROI, but optimal electricity : hardware ratio would be good, Monero is too liquid to buy at equivalent amounts (please no OTC offers), just need to do some calculations
Currently running a 6x R9 280x rig but just have a crappy celeron on the board. Pulling 1000-1075 watts at the wall. About 3.2KH/s on the hash rate. Windows 8 - 2x Thermaltake 1200watt PSU's - 8GB RAM - SSD - ASRock H81 BTC Mother Board - Claymore 9.1 for GPU I also have a gaming machine I run as a miner when I'm not on it. I have an AMD FX8150 8 core CPU and that does about 300H/s with just 6 of 8 threads running. Run Claymore for CPU. I also have 2 older SLI'ed Nvidia GTX560's that run CCMiner for GPU and they pull about 220-280H/s combined. So I pull and extra 500-550 H/s when this gaming machine is running. Only pulling about 500 watts with this machine. I see, that's way too low, all that to maybe get ~100 Monero a month? Such is the nature of a hashing algorithm meant to be egalitarian and asic resistant. I'm mining mainly to secure the coin and help pull some hash rate away from the influence of botnets, which is the only way I can really explain the network hashrate. 12 Mh/s = 12,000 Kh/s = 12,000,000 h/s, which is like 48,000 750 tis running at 250 h/s, or 3750 of DrHiggins rigs. Or, if there are really 60,000 individual CPU miners at ~200 h/s, that'd be great. Oh the joys of a truly anonymous cryptocurrency. The best data for hashing distribution is from the pool lists on the block explorers that provide it, and that only explains I think 5 Mh at my last glance. Going by the stats on minexmr.com (currently 117 connected miners, 286 KH/sec), the mean miner is running at over 2 KH/s. That's pretty typical from memory and if it's true, there are some very big fish out there (or lots of pretty big fish). |
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we can discuss shit about charts etc. pp. - this is maybe important for the liquidity providers but for the rest it is dust in the wind.
the outcome for monero will be binary. in 2-3 years it will either be currency [not neccessarily token] number 2 or it will be a-like-vertcoin forgotten coin in the history of crypto-evolution.
if it fails it will be interesting and long discussed why. Until that time I happily take the risk, as I did from the very beginning of the project.
You're talking about demand, while I was talking about supply. They are both important. |
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I like to make charts, and there are two big crossovers coming up in the next few months. First we have the '7' crossover at the end of March. This is where the total supply of XMR goes above 7 million, while the monthly increase rate (as percent of supply) drops below 7 percent for the first time. Second, and much more importantly, we have the '50' crossover coming up in September. This is where the XMR supply reaches 50 percent of 18.4 million, while the annual increase rate (as percent of supply) drops below 50 percent. Happy hunting. |
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Let's say you have a wallet with a balance of 123.45 Monero and you want to transfer all of it. As a fee will be deducted, how do you do this if you don't know what the fee is ahead of time?
Start at <total> - 0.01 XMR and work your way down from there? :-P We'll have to add a function to flush a wallet at some stage. That would be good. I have a wallet with around 600 'dust' mining deposits from early on (each <0.1 XMR), ~125 slightly bigger mining deposits at 0.2, and a further 100 at 0.5, plus some larger deposits. It would be great to clean this up at some point with the minimum fuss. On another topic, and chance of a missive landing soon? Thanks, Q |
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Quentin Moon's History
Quentin Moon hailed originally from lands to the west. He travelled widely as a youth and arrived into the fledgling Crypto Kingdom as a young man of 20 in the year 1450. By this stage he was already a member of the ancient international order of MEW, and Quentin's entry into the kingdom was sponsored by the Earl d'Armagnac, Bishop of Crypto-Kingdom who saw the potential of the young man. Quentin still owes his grace a debt of monies and gratitude. He saw that the town and kingdom were good places, and determined to settle there and make his fortune. He harboured no ambition to rise to the ranks of nobility but hoped to one day become a successful brewer of ales.
Quentin was soon struck by the architecture of the CK buildings and made it his goal to learn more of architecture so as to design and construct a house. Having drawn up some plans and gathered together funds for the building project, Quentin tried first to build in plots close to the old town north wall, but they were sadly claimed by others first. Undeterred, he went back to the drawing board and made a new design for a larger plot near the western wall. Through the king's generosity, the plan was approved and the land freely granted for the building. Quentin's house was completed in 1462.
In the run up to the jubilee celebrations in 1500, Quentin purchased a nice new red suit in preparation for promotion to Master and bought stock in the Grand Hotel as an investment. He also entered into the architectural contest, seeking to build his dream brewery. Sadly the strength of other entries was great and the Monero brewery came last. However, all is not lost as the Earl of Ramsey likes the design and it may come to light in some form elsewhere in the city.
After the jubilee, Quentin intended to undertake architectural work for the Bishop, but he found himself unable to discharge those duties to a good enough standard and was forced to resign the position. Now an old man, Quentin looks forward to handing over his property to his son Quicken, that he might realise the dream of running a wonderful CK brewery supplying craft ales to thirsty citizens and visitors alike.
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Windows will be the most important platform to get right for the DB and GUI release. I am happy to test on Windows 7 and maybe 8.1. Are there any instructions?
Q
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