it was my first time i did lend some xmr out and was suprised since i did not receive any interest...maybe it just starts counting after 24H ? i have no experience with this kind of things but i was suprised i didnt earn anything(i stay far away from leverage and lending too, normaly..). ok i just gave him the money for 2 hours, but still, for free? i was expecting he has to pay the daily rate at least once even if he just takes the money for short amount of time no? or is it on per hour basis? i have to check again when i am home.. maybe i just did not get how this really works..maybe better  Your offer has to be accepted before you earn any interest. |
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Who cares? It's a dumb idea anyway, and obviously a rip off of the earlier chained hashes that used a different number of functions. Is the first person to add another few hash functions on top of the 11 also a genius? |
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Exactly my idea, selling point is "No Premine" yet won't put the instamine comment or tag anywhere visible.
Where does it even say no premine any more? It was in the thread title in the past but it's been gone for a long time. |
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Chaincoin 11 hash (Blake, BMW, Grøstl, JH, Keccak, Skein, Luffa, Cubehash, SHAvite, SIMD, Echo)
XCoin (Darkcoin, Dash) 11 hash (Blake, BMW, Grøstl, Skein, JH, Keccak, Luffa, Cubehash, SHAvite, SIMD, Echo)
So the 'inventor' of X11 changed the position of one hash function in the chain? I knew it was hyped but I had no idea it was so overly hyped. |
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I like the idea of what etheruem was intended to do but I don't like the managing of the project at all.
Simple undeniable fact is they ran out of money before coming even close to finishing their stated objectives, starting with very respectable budget of around $10-15 mill (depending on what BTC price you use). Even for $10 million they should have gotten much closer. That is 100% proof of bad management or fraud. What the project was trying to do was way overhyped anyway. The easiest way to provide a better platform for smart contracts on a blockchain would be to start with BTC and improve its script capability a little bit. Literally nothing else is needed. Which is why Automated Transactions exists and Counterparty and others were able to implement ETH-like systems with none of them spending anywhere near what ETH spent and all of them getting more done in less time. Someday Monero will probably have some smart contract capabilities (though I personally hope it is on an interoperable system like side chain or an optional daughter chain or something and not directly on the main chain) and we too will do it for much, much less than $15 million. |
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Smoothie, on page ?? of this thread there's a list of IP's that where up and running in the first hours of launch, had a look at them? There's also several posts by established altcoin miners with large blocks of 10 and 20 k xcoin for sale a little later in the thread and there's a common trend of them jumping on coins at launch and getting large stashes at low difficulty, imho they got the vast majority of xcoin and sold them off as soon as a price was established, there's even a fair number of posts fishing for what folks where willing to pay.
EDIT: Not page 10, looking for it now.
No I did not see that list. But how does that list prove anything other than people were mining back then? Evan says there was hundreds of miners mining XCOIN in the first few hours based upon the Q&A of his latest presentation. How does he know this to make such a statement? yeah i looked and didnt see it on page 10 either.... Any running client would have been able to list connections and folks where having trouble getting nodes to connect to so folks where listing known good nodes at that point. It's here: https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573At first glance, most of those look like AWS (54.x) or Azure (137.x, 138.x, 168.x) addresses to me. I haven't gone through the whole thing, but nothing about the list strikes me as evidence of hundreds of miners. Could be a very small number of people running a bunch of instances. |
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pretend breakaway's from bytecoin with 'new' devs.
ROFL Please, keep that myth going. We could use a little mystery behind Monero to attract people with a tendency toward conspiracy theories. |
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Okay so I was watching the thread and no have decided to get on board the AEON train.
What would be a reasonable AEON purchase amount? I've seen elsewhere people saying 10% AEON and 90% XMR.
Fact is it is going to be hard to buy a lot of value of AEON with the total market cap being something like 150 BTC. Buying even 100k coins which by any reasonable standard makes you a whale only costs 1.8 BTC at current market... I don't have that much XMR, but I'm keen to go fairly heavy in AEON providing Bittrex can take the volume. Also on that note, any strategies for accumulating in low volume conditions?
Place bids slightly below market (maybe 5-10%) and wait for dumps. Or try to find an OTC deal for a large block. |
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What about windows version
There is a windows version of 0.9.5.0 that I will be uploading soon He probably meant the Wolf0's miner. The Aeon-Win-x64-0.9.5.0 compiled and uploaded by myagui is already there and I'm using it. Oh okay. I meant an official build (or core, not GPU miner) but I don't know if any problem with the myagui build. As for the miner, I asked Wolf0 to specify the build dependences to help address the problems people had building it. Not to be lazy... but where can I download either the wolf or the myagui miner? - I'd like to start mining AEON Again... Here's the wolf AMD miner: There are NVIDIA miner and (modified Wolf's) cpuminer in the OP The AMD miner has not been successfully compiled much less tested by anyone afaik. If you want to give it a try wolf says you need minimum of gcc 4.9. Other than that I don't know the dependencies. EDIT: Looks like wolf updated the dependencies. Someone want to take another shot at compiling it: https://github.com/wolf9466/wolf-aeon-miner/commit/f208a5853b4f1d2453df868233eca5c39a4d3084 |
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Can someone from the Monero team tell me what their relationship is with Poloniex?
I find it interesting that when I click on the "exchange" button on their main page that it takes me directly to XMR.
Is there some type of exclusive arrangement here between Poloniex and the Monero team?.
There is no relationship. None at all other than that we help them out if they have problems installing the wallet, etc. Nothing exclusive or non-exclusive. I'm not even aware that they have donated to coin development as some other ecosystem businesses have. Why it defaults to XMR I don't know. Some guesses: 1) they have secondary coin pairs against it, 2) it has been a consistent high volume coin on the exchange over the past 18 months or so, with other coins displacing it as top volume for a time but usually falling back down after a while. EDIT: saddam is right about it giving them big volume last year too. I think there was a news story about how last summer's high Monero volume was what allowed them to make enough money to fully pay back all the customers after an earlier hacking incident (not an outcome you see a lot when it comes to small exchanges in crypto land) |
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What about windows version
There is a windows version of 0.9.5.0 that I will be uploading soon He probably meant the Wolf0's miner. The Aeon-Win-x64-0.9.5.0 compiled and uploaded by myagui is already there and I'm using it. Oh okay. I meant an official build (or core, not GPU miner) but I don't know if any problem with the myagui build. As for the miner, I asked Wolf0 to specify the build dependences to help address the problems people had building it. |
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so there is literally no point in another new thread.
Actually this is not another new thread, it is an old one. Looks like a Dash supporter bumped it here. I have no idea why a Dash supporter though that was a good idea. |
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this deserves to be reposted here:
As does this follow up: Considering xcoins max block subsidy was 500 and litecoins was 50 that makes sense.
The difficulty algorithm "int64 nSubsidy = (1111 / (pow((dDiff+1),2)))" would have clamped that down but the difficulty didn't raise fast enough (see point #1) to restrict total minting to more reasonable levels.
These are the facts. Code doesn't lie.
What you are missing is that: 1. Xcoin was specified to adjust difficulty every 60 minutes (12 5-minute blocks), and barring any other issue this would have slowed down mining reasonably quickly, as you said. 2. However, without explanation, the code that was actually released adjusted difficulty only once every 576 blocks, 48 times more slowly. 3. Xcoin also had a "bug" that greatly increased the amount of coins per block. It should have started at 100, not 500, and once the difficulty started to increase, it should have dropped lower still, not stayed at 500. This was not fixed until block 4500. 4. Subsequent supply cuts reduced the per-block reward to the current 3, which is <1/166 of the reward in most of the first 4500 blocks. By contrast LTC only recently reduced its per-block reward to 1/2 of the reward in the initial blocks. These are the main reasons that the instamine ended up being so enormous, especially relative to the current supply, not the normal ramp up of difficulty that causes a very small instamine in most normal cases. It's not an analogy. It's a flaw that many, many coins share. Xcoin was not unique in this regard. Okay maybe not unique, but the scale of it is vastly larger in the case of Dash, and Dash had additional factors contributing to its instamine in addition to normal difficulty adjustment lag, wouldn't you agree? References: Is it me or difficulty is stuck at 1.00 for the last 2 hours? The network is around 100Mh/s, and we are solving blocks faster than every 5 minutes, shouldn't diff be higher?
I notice this too. Why isn't diff increasing? - 5 minute block target - 6 Confirms per transaction - Difficulty re-targets every 60 minutes- Block reward controlled by moores law ( 1111 / (diff+1 ^ 2)) Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))
( 1111 / (0.005+1 ^ 2)) = 92.54477301
( 1111 / (1.00001+1 ^ 2)) = 85.46147272
( 1111 / (3.44635085+1 ^ 2)) = 71.92637347
( 1111 / (5.44+1 ^ 2)) = 63.70412844
The block rewards should have start close to 100 coins per block and should have gotten smaller each time the difficulty goes up and the reward should increase as the difficulty goes down.
Difficulty just changed to 3.44635085, block reward is now: 1111 / (1 + 3.44635085)^2 = 56.1961549627. I guess there is little point in solo mining now.
If the block reward was supposed to be 56.1961549627, why is it showing 500 in both mining pools..... I confirm that block reward with current difficulty is again 500, this is weird.
Everyone using the linux based version please update your source from GitHub! I fixed the code that is causing the strange block rewards and it goes active at block 4500! If you do not upgrade you'll be left behind!Just update from GitHub here: https://github.com/evan82/xcoin |
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Considering xcoins max block subsidy was 500 and litecoins was 50 that makes sense.
The difficulty algorithm "int64 nSubsidy = (1111 / (pow((dDiff+1),2)))" would have clamped that down but the difficulty didn't raise fast enough (see point #1) to restrict total minting to more reasonable levels.
These are the facts. Code doesn't lie.
What you are missing is that: 1. Xcoin was specified to adjust difficulty every 60 minutes (12 5-minute blocks), and barring any other issue this would have slowed down mining reasonably quickly, as you said. 2. However, without explanation, the code that was actually released adjusted difficulty only once every 576 blocks, 48 times more slowly. 3. Xcoin also had a "bug" that greatly increased the amount of coins per block. It should have started at 100, not 500, and once the difficulty started to increase, it should have dropped lower still, not stayed at 500. This was not fixed until block 4500. 4. Subsequent supply cuts reduced the per-block reward to the current 3, which is <1/166 of the reward in most of the first 4500 blocks. By contrast LTC only recently reduced its per-block reward to 1/2 of the reward in the initial blocks. These are the main reasons that the instamine ended up being so enormous, especially relative to the current supply, not the normal ramp up of difficulty that causes a very small instamine in most normal cases. It's not an analogy. It's a flaw that many, many coins share. Xcoin was not unique in this regard. Okay maybe not unique, but the scale of it is vastly larger in the case of Dash, and Dash had additional factors contributing to its instamine in addition to normal difficulty adjustment lag, wouldn't you agree? References: Is it me or difficulty is stuck at 1.00 for the last 2 hours? The network is around 100Mh/s, and we are solving blocks faster than every 5 minutes, shouldn't diff be higher?
I notice this too. Why isn't diff increasing? - 5 minute block target - 6 Confirms per transaction - Difficulty re-targets every 60 minutes- Block reward controlled by moores law ( 1111 / (diff+1 ^ 2)) Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))
( 1111 / (0.005+1 ^ 2)) = 92.54477301
( 1111 / (1.00001+1 ^ 2)) = 85.46147272
( 1111 / (3.44635085+1 ^ 2)) = 71.92637347
( 1111 / (5.44+1 ^ 2)) = 63.70412844
The block rewards should have start close to 100 coins per block and should have gotten smaller each time the difficulty goes up and the reward should increase as the difficulty goes down.
Difficulty just changed to 3.44635085, block reward is now: 1111 / (1 + 3.44635085)^2 = 56.1961549627. I guess there is little point in solo mining now.
If the block reward was supposed to be 56.1961549627, why is it showing 500 in both mining pools..... I confirm that block reward with current difficulty is again 500, this is weird.
Everyone using the linux based version please update your source from GitHub! I fixed the code that is causing the strange block rewards and it goes active at block 4500! If you do not upgrade you'll be left behind!Just update from GitHub here: https://github.com/evan82/xcoin |
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What about windows version
Is there a windows Gui wallet on the horizon. Yes it is in development. I had to take some time off to finish up some unrelated work but i will be getting back to it soon. |
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What about windows version
There is a windows version of 0.9.5.0 that I will be uploading soon |
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I am having some compilation difficulties today...
I don't know for sure, but that might be a memory issue. Try increasing your swap on your server, or try to move to an instance with more memory. Compiling monero can take over 1 gig of ram or something ridiculous. Thank you!! I just had 512MB RAM assigned to each server. Bumped that up to 2048MB and monero now compiles OK :-) No need to waste money. Just add swap as GingerOpolusAle said.... I got a good deal and the extra memory came at no additional cost. Anyway, I'm back down to 512MB and will keep it that way long term. Threw up 2 more nodes, in addition to an existing one. By the way, what do you reckon the CPU/disk (HDD) load of running a node is? It seems low to me, at least after syncing. I'm tempted to throw up another 5 nodes on existing servers... It's low for normal use, but if you have some CPU cores/threads/cycles included with your servers and you are running the node anyway (and not using the CPU for anything else), you can solo mine, either for yourself or to donate to the project. It's a long shot to get blocks of course, but you might as well help secure the network rather than have them sit idle. |
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wolf how about adding some dependencies info to the readme. Minimum versions or at least some stated set of versions that build and work.
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Looks good. Now let's get some test reports. |
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I have accepted a bounty bid from Wolf`to release open source AMD mining software for AEON for the same bounty as the earlier NV miner, which is 9000 AEON.
The requirement is that it be released as open source and tested by some independent community members.
If the bounty is not claimed in some reasonable period of time I will open it up to others. For now it is assigned to Wolf`
Done: https://ottrbutt.com/tmp/wolf-aeon-miner.tar.xzI edited above that it should be released on github, as the earlier miner was. There is no requirement that you continue to maintain it, others can fork it and take over. |
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