some curiosity I noticed watching poloniex the last weeks, some pump and dump coins always go up like a supernova eclipsing XMR volume for some days but after that Monero almost always remains at the top with a respectable and stable trading volume.
It has been that way ever since Monero was listed there.
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Makes me laugh when people say buy is fake, obviously some people are capable of dumping 10-30k XMR at will.
Sure, but when they are 50k+ away from the market...
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That is cool! How did you get your the saddam.moneroaddress.org alias you reference in your sig? Did you have to register the domain name moneroaddress.org yourself? Does this mean that to get our own openalias to use with Monero, we have to find domain name registrars that allow anonymous registration?
I am not amused. The idea of cryptonote public addresses is they don't need to be anonymous at all. You can safely publish your public address (on a web site, email sig, forum sig, domain name registration, DNS record, etc.) and these can't be linked to transactions on the blockchain, unlike bitcoin. However, the whole openalias system is an optional convenience feature and is never required. If you prefer absolute privacy and independence (for example maybe you don't even want anyone to know you are using Monero at all -- though currently there is no way to hide this from your ISP unless you roll your own Tor/I2P wrapping) with no registration of any kind you can just use the regular public addresses.
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WOW Network Hash Rate: 20.97 MH/sec
If I am mining with a given hashrate (let's say 1 kh), will I likely mine more XMR when the network hashrate is lower (~12Mh) versus higher (~20Mh as it is currently)? I know that the difficulty retargets every block, which is every minute, but I am not certain about this comparison that I am asking about. Thanks in advance for knowledgeable replies. The total number of XMR minted per day is approximately fixed so if you have a fixed hash rate then your share of the total (and therefore your amount mined) is higher if the network hash rate is lower. That being said, a higher network hash rate is somewhat correlated to a higher price so the XMR you do mine may be worth more under conditions where the network hash rate is higher, all else being equal. In fact over the past few days the price has indeed been stronger (at least not dropping every day).
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So, sure, there are also applications for increased transparency using Bitcoin, but you can always layer more transparency on top of a more private system... but not the other way around.
The political and practical obstacles are enormous, and not clearly more challenging our task of building out Monero and layering transparency on top of it. This is interesting.. has there been any talk of implementing transparency layers, and their potential function? Yes there has been. Some of it is right in the original whitepaper, in terms of view keys and auditable addresses. We have also considered other methods of allowing for transparency on specific transactions. People want to be able to selectively prove payments on demand and generally open up to transparency in a controlled manner, without everything being linkable and traceable to the rest of their transactions.
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What version of simplewallet implements openalias?
A: 0.8.8.5
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So, sure, there are also applications for increased transparency using Bitcoin, but you can always layer more transparency on top of a more private system... but not the other way around.
This is exactly what we are doing with Monero. Greg gets privacy. He's the inventor of coinjoin and definitely wants to make Bitcoin more private. But I also think he is swimming against the tide with wanting to turn Bitcoin in to a more private system at its foundation and then implement transparency on top of that. That is a almost a redesign from the inside out. It is one thing to write papers, but it actually making it happen in the real world is something else. The political and practical obstacles are enormous, and not clearly any less challenging our task of building out Monero and layering transparency on top of it.
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The floor of XMR may be 0.001, look at poloniex buy walls ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it. That overstates "walls are not real" idea (often true) a bit. Several of the big XMR buy walls have been eaten not pulled. I agree over the last few months several walls have been eaten. However I disagree with that sentiment in regards to the last few weeks , after warz pulled his 0.0015 wall. Since then the order book has been jumping around massively with bids at prices that are never going to get hit just to make the bid depth look more inviting. People actually use that as a real trading indicator as can be seen by the poster I replied to and also several people in polo box. Im simply stating that its a terrible indicator and its boring to see people speak about it as a real speculative tool. Mostly agree. It is fair to say that some are real and some are fake, and recently fake has been the rule. I 100% agree that on the surface using it as a trading indicator is terrible, although as long as people are using it as a trading indicator, that makes it a trading indicator (self fulfilling).
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openalias is working with simplewallet.
I must have missed that Missive ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) How do I create an alias for my XMR address? It is done through DNS, so you add a record to your domain. If don't have a domain, get one through your favorite DNS registrar. Simplewallet will decode these so you can type "transmit 3 donate.monero.cc 100" and it will go to the project donation fund. Example: donate.monero.cc. 300 IN TXT "oa1:xmr recipient_address=46BeWrHpwXmHDpDEUmZBWZfoQpdc6HaERCNmx1pEYL2rAcuwufPN9rXHHtyUA4QVy66qeFQkn6sfK8aHYjA3jk3o1Bv16em\; recipient_name=Monero Development\; tx_description=Donation to Monero Core Team\;" donate.monero.cc. 300 IN TXT "oa1:btc recipient_address=1FhnVJi2V1k4MqXm2nHoEbY5LV7FPai7bb\; recipient_name=Monero Development\; tx_description=Donation to Monero Core Team\;"
More info (including information about privacy and security issues): https://openalias.org/
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Release the GUI/DB/RPCJSON now and not in January or its dead beyond resurrection...
I can't find your pull request. Oh that's right you don't have one. You contribute nothing to the project other than FUD. (Want to buy lower do you?) Carry on.
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I was thinking that in a round about way the low price might be good for the coin in the long run and here is my reasoning: Since no premine the devs dont hold a lot of Monero, they are working on the project but not with a real economic incentive. With these low prices they have most likely been accumulating to whatever extent they can and if that's the case they may be inclined to continue working on Monero and perhaps speed up development since they themselves would be financially rewarded once Monero succeeds.
Any thoughts? I would assume this to be true. There is some validity to it, but not just for the core team. Everyone can accumulate at lower prices now, and then have an incentive to build software, services, and awareness. A little less focus on price and lot more focus on technology and business would serve us well.
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More efficient GPU miner would help..
A more efficient GPU miner would just drive up the difficulty even more, reducing profitability and result in continued dumping to pay power bills. The only meaningful way to increase price is to increase demand. If you want the price to go up, forget about mining and start building (software, services, awareness, etc.)
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Bitcoin itself can not incorporate ring signatures without without major changes that are unlikely to occur. Their title is a bit misleading, but it isn't unusual to write papers about something that "could" be done in bitcoin, ignoring the practical implausibility of actually deploying it. It could be done in what Blockstream calls a side chain (I prefer to call them Bitcoin-backed altcoins), but, as we discussed a while back, that is only interesting if that particular sidechain/coin becomes widely used.
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Can somebody, please, explain me this:
Moneropool hash: 4600kH Miners: 330 Hash per miner: ~14kH Top GPU ~ 700H GPUs per miner ~ 20
As I have never mined any cryptos, is it normal that an average miner owns min 20 top GPUs? Does a miner with 4 separate rigs count as 1 or 4?
Correct if I'm somewhere wrong.
AFAIK a miner is an address. Multiple rigs mining to one address equals one miner. True, also a mean like that may be misleading. If someone has one very large farm (or a few of these), that would skew the statistics. I would also be interested in the median hash per miner.
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C for legacy code (most of the code at the moment)
That is a misconception, which unfortunately we helped spread earlier in the project when we didn't really understand the code base. Not counting header files (and I'm pretty sure the C++ header files are much bigger), there are 11351 lines of C+ and 9958 lines of C. However, virtually all (exception maybe 1-2k lines at most) of that C are actually copies of external crypto libraries that we don't touch (and at some point will probably remove from the Monero tree and use one or more external crypto libraries directly). Likewise, the refactoring that is needed would be C++ to C++. There is very little need to refactor C into C++. New core code will be C++. So to summarize: To work on the core code you need to know C++. There is no C coding and little to no C-to-C++ refactoring, although some understanding of C helps with C++.
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The floor of XMR may be 0.001, look at poloniex buy walls ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it. That overstates "walls are not real" idea (often true) a bit. Several of the big XMR buy walls have been eaten not pulled.
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Living in Europe I would pay over 5 EUR for that amount of electricity per day!
It follows pretty obviously from how mining works that you shouldn't be mining at all in place with high electricity costs (i.e. much of Europe) unless you are doing it with the understanding that you are losing money (to support the network, as a way to get coins, etc.)
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If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...
How much do you get with that same rig mining XMR?
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