Holy Moly... the arbitrage opportunities currently abound. and not just bitthumb. Bittrex just went full kookoo.
Bithumb just disappeared from coinmarket cap average... Weird. Did they crash? |
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what timeline are we looking at for changing mining algo?
let me break even first, please...
Shouldn't make much difference for the miner or end user. Upgrade software, and carry on as if you were normal. Unless ASICs had already made inroads, in which case CPU/GPU miners would get a boost as the hash rate drops instantly. is there any reason to believe that there are already ASICs hashing away cryptonote? about timeline, is this only an idea right now or is it planned already? If there are, they are running at a loss. They are not cheap to develop/produce, so there needs to be a strong case for increased hashing speed/scale to be profitable. Network rate would show any such increase, and existing miners would be bitching left and right about how it's no longer profitable to mine Monero. So far, so good. maybe it would still be a good idea to change PoW (not affecting GPU and CPU mining) just to scare away people even thinking about developping an ASIC. I'm pretty sure there will be one in developtment, if it isnt already stealthily hashing away.. do you know if there are any specific plans already in dev team to do that? Cryptonight is specifically ASIC resistant. Meaning current ASIC's technology can't do much better than CPU/GPU. SHOULD that change in future, changes will be made to defeat them. Yes, it is already being investigated. Just read a few posts above. |
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I needed a little cash in a hurry so I bought $5000CAD at the local ATM.
You can get that much out of an ATM in Canada?   On another topic, Coinbase stopped reporting exactly how many accounts are being created monthly. Now their webpage just says "10M+ customers served" Which is like bullshit because they were just at 12.4M. Smells fishy, like they are trying to hide something. That’s helpful information. We can assume that Coinbase is not reporting the numbers because they are not favourable (they would shout them from the rooftops if they were setting new records). I interpret that to mean the adoption surge is slowing, at least in the US. This would be a short term bearish indicator. They've also just been in the news with the IRS fight. That could dampen enthusiasm for their brand...Briefly. add: There's also no denying the smell of old fish is off-putting... |
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I needed a little cash in a hurry so I bought $5000CAD at the local ATM.
You can get that much out of an ATM in Canada? On another topic, Coinbase stopped reporting exactly how many accounts are being created monthly. Now their webpage just says "10M+ customers served" Which is like bullshit because they were just at 12.4M. Smells fishy, like they are trying to hide something. 5000CAD is probably not as much as you think  10M+ served... I think you smell the McFish burger, or whatever the fuck they call it. |
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what timeline are we looking at for changing mining algo?
let me break even first, please...
Shouldn't make much difference for the miner or end user. Upgrade software, and carry on as if you were normal. Unless ASICs had already made inroads, in which case CPU/GPU miners would get a boost as the hash rate drops instantly. is there any reason to believe that there are already ASICs hashing away cryptonote? about timeline, is this only an idea right now or is it planned already? If there are, they are running at a loss. They are not cheap to develop/produce, so there needs to be a strong case for increased hashing speed/scale to be profitable. Network rate would show any such increase, and existing miners would be bitching left and right about how it's no longer profitable to mine Monero. So far, so good. |
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FEBO's 425 December high is beginning to seem a lot more likely. I hope not though, because the blowback could hurt the big picture. 300 seems safer.
Was it Febo, or Johnny Mnemonic? Regardless, we could use a short break here... add: Doesn't look likely though. There's $250 on polo. 270 average. BTCXMR on polo is looking realllly peaky. break .0225 before retrace? Or the imminent 5B USD coinmarketcap ? |
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what timeline are we looking at for changing mining algo?
let me break even first, please...
Shouldn't make much difference for the miner or end user. Upgrade software, and carry on as if you were normal. Unless ASICs had already made inroads, in which case CPU/GPU miners would get a boost as the hash rate drops instantly. |
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Fees are becoming onerous again.
until all the fancy tx size reducing code is thoroughly reviewed. Then an axe will be taken to the fees with the next hardfork. Are you speaking of mimblewimble? Bullet Proofs, and other tasty treats. Reducing Tx size by an order of magnitude will confer the same on Tx cost. I love how all this stuff is proposed for bitcoin, and the Team says, Oh good, we can use that! While everyone else sits on their thumbs, or waves their hands. Or one of each, IDFK. |
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Are you feeling any better about this? The more I think about it the more it worries me... Nope. There will be tears. But what can you do? But these turds need tu buy a shitload of BTC first before shorting for a big fall, or i am wrong? If i am right, price has to be pumped as hell first before that. Someone sure as hell flooded the market with new money between the time he called bitcoin a fraud, and now that his company is calling it the "New Gold". Let's say you had access to billions of investment dollars... And you want to open a lot of short positions say... oh I dunno... December 10th? What would you do with bitcoin between august and then... and then what would you do right after Dec 10? I'm hoping Goldman and JP duke it out in a fit of greed. Like JP is all set for their manufactured market crash, then Goldman or Fidelity just decides game on bitch and pumps that shit. See, now BTC is the 24/7 financial arena for the old world to battle with. You got to wonder would old financial giants see clearly and put differences aside, unite, and sling a rock at the young but growing Goliath? Or will they claw at each other? More than likey they are all cannibalistic sociopaths. They've been circling each other with smiles forever, Bears eating salmon in the river... or smaller Bears, if they get too close. |
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Fees are becoming onerous again.
There may be a few uncomfortable months as price rockets, until all the fancy tx size reducing code is thoroughly reviewed. Then an axe will be taken to the fees with the next hardfork. I love how fast the team has dug in to test and implement improvements. Only in Monero. Would have been nice to precede Coralreef, but I certainly can't complain about speed of development (anymore). Rock On, Monero! |
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You know I think we should talk about the community being open to changes to the cryptographic hashing algorithm. It's not cryptonight specifically that we are wedded to but the opposition to application specific hardware in mining.
How do you guys feel about a hard fork away from cryptonight and into something different if A) a good new hashing algorithm presents its self and B) asics begin to be deployed at scale for mining cryptonight based cryptocurrencies? The advantages are twofold. One, we will be building community consensus around the idea that the hashing algorithm is a flexible thing and so avoid being forced to face the prospect of a bitcoin cash type situation. But also the acknowledgement of this consensus within our community will help to discourage the development of cryptonight hashing ASICS.
Thoughts?
Ready to fork off as required. I'm here for the Monero Project, not cryptonight. The Team has done an outstanding job thus far, proving themselves to be the best in the field, attracting more of the same to the snowball. When they say it's time to upgrade, we upgrade. I expect there will be minimal fuss (from those not developing ASICs) |
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Over 0.02 on Polo...
Woohoo!
What'd you do?! |
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$ 301311 CAD $ 238246 US   What are the chances of me showing up for work in a few hours? Damn it, I said I'd be there. AKK! its still going up. |
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Looking about $227 on Polo right now...
ATH?
Lovely action...
234 USD average just went by... |
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What reliable XMR ticker has the highest value (apart from bithumb)"
They are all pretty close right now, apart from Bithumb. I've taken to just using the coinmarketcap average. |
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Honey badger: Ok, I'm up. What the fuck, I'm up. *eats some snake* What'd I miss?
Now watch this: look a snake's up in the tree. You can't make him go up that easily. |
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225 USD. Will there be some traction this time to keep going? Everything seems bullish as f%k.
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monthly predictions on XMR/USD through June 2018 based on returns to date and the road to $500 and $1,000
From April 2014 to now, XMR/USD has had a geometric return of approximately 0.3696% per day. Extrapolating that into the future gives us the following monthly prices:
$220 on Dec 31, 2017
$247 on Jan 31, 2018
$274 on Feb 28, 2018
$307 on Mar 31, 2018
$343 on Apr 30, 2018
$385 on May 31, 2018 and
$430 on Jun 30, 2018
...
... I saw $209 yesterday. Pretty confident it will be up more than $11 this month. I’m guessing @EuSouBitcoin is taking into account that after pumps Monero seems to slowly lose it’s value on and off until it hits it’s next pump. I’m going to guess that we’ll see 180$ going into Jan. as Monero slowly loses value coming off the pumps now, but then hits another pump sometime mid-January (at least that’s what I expect). Another way to look at my post is "on those dates what will the price of XMR/USD be"? So for the Dec 31, 2017 price of $220, we could hit $220 or higher prior to that date but I think the price would come back down and the price on Dec 31, 2017 would be $220. Done. Next? |
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