What is the most ideal hardware for mining Monero?
Multiple 1CPU Ubuntu VPS at Vultr. $5/month each and they don't mind if you mine.  Use Dallas, LA, and Seattle. The other locations have older CPUs. Ref for $5 credit: http://www.vultr.com/?ref=6804374hashrate? |
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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
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Is MyMonero.com legit/secure? Sorry, been out of the loop. Also, any word on the official GUI?
Of course, has all the stipulations of a web wallet. (server could be launched to the moon and then you have a really cold wallet you can't access) Thats not true. You have access to your funds by the mnemonic phrase, and simplewallet is being made compatible with this type of seed |
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1. FBI has no jurisdiction in Russia, China, or anywhere else but USA. Fact is, a lot of people run their nodes in Amazon etc right now because that's what the first tutorials for running a node told them to. When/if Darkcoin becomes so big that some agencies actually get interested in it enough to try to spy on, the rewards from running a masternode will be large enough to afford your own dedicated servers in where ever you choose. 2. But not every operator will, and then your spy operation will fail and you just paid huge amounts of money for nothing. You'll need either (almost) everything or you'll fail. 3. The higher the incentive to ddos other masternodes, the higher the price must be. And the higher the price is, the stronger nodes you can afford to run. Also, this is something that the devs are aware of, and working towards a solution: Future updates to Darkcoin are expected every few months, and will include such things as encrypted multipath communication technology, which is already in the works, this will add another layer of privacy to the system as it will allow users to communicate with the network securely without exposing their IPs and will also hide the identity of the Darksend mixing nodes making it extremely difficult, if not impossible, for third parties to spy on users information. It uses multi-path routing so users can send more than one encrypted message using different routes on the mesh network for redundancy.
One of the greatest objections to InstantX from the Bitcoin community was the possibility to DOS the selected masternodes that are responsible for consensus voting.
This would stop the consensus voting forcing the network to evaluate transactions using the mining network, bring the first confirmation from 10-20 seconds back to 2.5 minutes. While not a terrible issue, it’s something we can deal with by hiding the masternode identities and using a token based routing system to pass messages back and forth. This will be discussed in great detail in the v2 of the Darkcoin whitepaper.
To build a network that can withstand attacks, the masternodes must not publish their IPs. To do this we’re going to utilize a new multipath communication technology. This will add another layer of privacy to the system as it will allow users to communicate with the network securely without exposing their IPs and will also hide the identity of the Darksend mixing nodes making it extremely difficult, if not impossible, for third parties to spy on users information.
It uses multi-path routing so users can send more than one encrypted message using different routes on the mesh network for redundancy. This will allow us quick communication, robustness and anonymous two way communication. If anyone wants to continue this conversation feel free to start a new thread, otherwise we can go back to talking about Monero:)
Agree, now we can go back to Monero.  The FBI has statutory authority by Congress to access any computer anywhere in the world. Jurisdictional considerations ONLY apply to property held by American citizens, and jurisdiction in this context has nothing to do with geography. The FBI is the state sponsored hacker. They can and do with impunity, hack and penetrate and privilege escalate and data dump and image any machine they can get in to. And they will retrieve data for years before there is ever a trial or court case or conviction. Neither the machine owner or the data center knows anything about it, necessarily. Back to Masternodes. **WE KNOW WHERE ALL THE MASTERNODES ARE** , they are on Amazon, Digital Ocean, and a small subset are run on other providers and personal computers. Literally simple memory dumps get you the whole path. There is no omnipotent adversary to hypothesize about, they can just do literal memory dumps, constitutionally to US citizens with liberally approved warrants, and with impunity to non-US citizens. The minority of people running masternodes on their raspberry pi's are the only ones that are outside of the dragnet, in this scenario, LEA has all the data they need for most transactions AND then you are trusting the remaining individual ones not to be doing their own transaction monitoring/logging. Darkcoin isn't at an evolutionary dead end with this reality, they can try to obfuscate IP's of masternodes retroactively, they can try to do that multipath whatever. LEA just goes to the biggest data centers, looks for a particular software process and gets all the same data anyway! Whooooops. Read a freaking indictment or two, they do this shit all the time. No conspiracies necessary. |
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Regarding Darkcoin as it's mentioned in that PR material - there is a statement, that says "if these Masternodes are compromised by a malicious actor, then the anonymity can be broken". Compromising 100% of the masternodes (thousands, not hundreds) is no easy feat, and if you're dealing with an adversary that can accomplish that, then they are powerful enough they can surely just simply compromise your personal computer and save a lot of time and money. And, let's even assume that they compromise 100% of the nodes for a while - they could only spy on the pre-mixing that happens during that time. They can't break anonymous transfers that have already happened, and they can't break anonymous transfers that happen if the coins have already been anonymized previously. Trying to take over the whole masternode network would just be a lot of effort for questionable gains. Relying on masternodes for privacy requires luck and trust. |
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guys why are you even still here?
Shadowcash has ZK transactions in it now.
Anoncoin is dead, I mean couldn't even fix the difficulty algorithm by copying and pasting any modern algorithm released in early 2014? Much less hyper theoretical zero coin. You know the deal.
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Every day the database merge doesn't reach production, Monero declines in practicality
Just to clarify - how much have you personally donated to cover the hundreds of man-hours that have been spent on the blockchainDB and lmdb implementation? Because hey, buddy, if you're not commensurately paying for it then you don't have permission to demand anything. At all. Ever. That is a logical fallacy and you know it. In this particular context, cryptocurrency utility to development cost ratio is a race to the bottom. So was this an impulse response to me neglecting to mention the hard work going on, or was it to cover some ineptitude? I pointed out a truth, not a demand |
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Every day the database merge doesn't reach production, Monero declines in practicality
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What are you guys going to make once the database merge happens? I am really anxious about that
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Neat: http://motherboard.vice.com/read/silk-road-reloaded-i2pGet i2p here: https://geti2p.net/en/Then add them to the addressbook. One of the jumps will give you the destination for you to add to the addressbook so you can get there. Maybe buy or sell something? Then bug them about adding Monero to their experimental decentralized marketplace over i2p. Maybe leave a link to the website or btctalk thread on their support tab? You'll need a pgp key to make an account. Anoncoin barely got a bump when this announcement came out. Much less Monero with it's liquidity of like 10x more. |
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How is the database testing going?
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alright that was pretty impressive, I was critical of Atrides in private message, but what else does Monero need? I too have a team of developers, now that the community can make some things worthwhile
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bitUSD and bitBTC are centralized solutions. The exchange rate doesn't magically sit at one, they have a fund manager. There may be some utility there, for the darknet, but when the feds shut down the fund manager it all goes to shit. Look, cryptocurrency functions very similarly to how Liberty Reserve worked. Liberty Reserve servers stored fund allocations and transfers as cryptographic signatures, and then deleted the records. Feds shut it down because it was centralized and easy to shut down. The market adapted. |
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anyone want to talk about anything besides freebazaar?
more info on that database merge would be awesum
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how about, some Missives?
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Interesting. So BTCD is actually a good project. Are there any worthwhile anon coins besides CN and BTCD? There is no anonymity code in BTCD afaik, at least there wasn't last time i checked. that answers your question i hope. Code is there. It's still being tested though so it's not enabled in the live version. whats up with this shite, last time i tried to understand supernet this 777 guy trew the github in my face like it was something obvious, and now you do the same with other guy lol anyway, this is where my interest in monero comes in, its not a promise to far away times, its already live and works. He said as far as he knew there was no anonymity code in BTCD. Obviously that's not the case and I didn't "throw it in his face like it was something obvious". I just linked to the part of the github where there was actual code related to that part of the tech, there also happens to be a ton of other things there unrelated to anonymity and jl777 isn't known for spending much time commenting his code well so I'm not surprised at people's eyes glazing over. There's other people reviewing it anyway. I don't have anything to do with BTCD directly and I don't really follow it in particular, but I've done enough research to know that it's not "a promise to far away times". That's all, I don't want to get in to an off-topic discussion about it. people's eyes are glazing over because there is nothing worthwhile in the code, nobody is reviewing it, they are just assuming other people are. Altcoin fanatics are too gullible |
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yeah some sort of checks and balances would be essential, but wouldn't multiple signers on a bitreserve account be cool too (if that was possible)
do you mean to integrate bitreserve into freebazaar? this is a doubtful idea within a decentral system, someone has to keep these reserves centrally. altought it's possible to realize with multiple multisigs (not 2/3 but as example 4/5). anyway, any additional features comming later. there can be many exciting ideas like to deal not only with goods, but also with services, to make the platform not only as a market, but a decentral exchange etc.. No, I mean that funds should be held in a stable but miltisig account so that people don't have to just trust you or the developer with the funds |
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How many bitcoins were burned to create StorjX ?
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I would call the main goal of the first step to do a freebazaar platform, corresponded with the OB state at the deadline moment (ca.a month), with using Monero as a means of paying. in reality, the more detailed plan can be only made
If I'm reading this correctly (and forgive my uncertainty over what I suspect are some language issues), I believe Atrides is proposing that the phase one FreeBazaar deliverable would be a feature-equivalent port of OpenBazaar at some specified deadline (approximately one month), with these exceptions: 1. XMR is supported as the payment method instead of BTC 2. A third party escrow feature is integrated to take the place of on-chain multisig, which doesn't exist in XMR (and won't in one month). Presumably this includes some sort of trust/rating system for escrow providers (maybe this already exists in OB and it can be repurposed, I don't know) If I'm understanding correctly then I'm willing to serve as escrow and/or arbiter (the two functions can be separated if desired) on whether this milestone has been achieved. Whoever is doing the arbiter function should get possibly get a fee, since it will require doing some research in order to determine whether the criteria have been satisfied. I'm willing to perform the escrow function at no charge to support the project, and maybe the arbiter function if the criteria are made very clear and easy to judge. yeah some sort of checks and balances would be essential, but wouldn't multiple signers on a bitreserve account be cool too (if that was possible) |
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Interesting. So BTCD is actually a good project. Are there any worthwhile anon coins besides CN and BTCD? There is no anonymity code in BTCD afaik, at least there wasn't last time i checked. that answers your question i hope. yes, just GET THAT DAMN BLOCKCHAIN OUT OF MEMORY DID YOU TEST THE BLOCKCHAIN BRANCH? https://github.com/tewinget/bitmonero/commits/blockchainWe are missing testers and especially results, we can't test it on hundreds of different pcs ourselves  I was informed that transactions fail sometimes with it I'll wait |
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