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61  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 21, 2018, 10:04:40 AM
at now only asic can mining DEro!
thanks to the developers that give the opportunity to earn buyers asik.
Simple miners are not here now.
ASIC FRIENDLY COIN!

OH NO! SELL ALL YOUR DERO! RUN!!!

Seriously guys, this is starting to sound like a witch hunt led by cry babies. Mine something else and buy dero or, wait until the POW change happens (as planned). Crying out isn't going to make the change come any faster. I'm just as angry about the ASICs as everyone else but I have something that I like to call "patience". The devs are working on it, calm down. Yes, they could be addressing it sooner and (insert other complaints here) but they have implemented more tech into this coin than you seem to be grasping.

Good things come to those that wait.


 KEYWORD: wait.

I agree with this except for the crybabies part.  For success Dero needs healthy criticism from the community, and I wager that the developers and Serena agree.  If you feel you have a legitimate concern, you should not be afraid to voice it here for fear of being labelled a crybaby or worse.  Serena has already emphasised that they are taking everyone's comments and criticisms into account, and as long as they are voiced in a considerate manner, I think they should be welcomed.  At the same time, we do need to take a balanced view and keep in mind all of the technical advances that have been made so far, as air133 says.  And also I think we should appreciate that the developers are taking a long term view rather than diverting precious resources into short-term fixes.  I don't like this situation of high hashrate and ASIC monopoly and more than anyone else here, but I can see the reasoning behind having to live with it for another month or two (at the most).
62  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 21, 2018, 12:15:08 AM
I just want to call a time out here and pause for a moment to take something in.

What has just been announced, Dero-Atlantis, proposes a 3 second block time, 60 seconds for a fully confirmed transaction, and 500 transactions per second.

From where I am standing, this looks like huge news.

For comparison, transaction times per second:

Bitcoin:      3 to 4
Ethereum: 20
PayPal:      193
Visa:         ~1,667  (actual value; claim is up to 56,000 technically feasible)

This puts Dero somewhere between PayPal and Visa.

If this is technically feasible for Dero, this basically solves the transactions per second problem so often reported in the press for blockchain.  And furthermore, ON CHAIN (an important detail).  That is very big news.  And Dero is not even sold as having a payments system as its main feature.

A payments system that fast is capable of being used as a major payments system.  First off, transactions per second, nearly a third of Visa's actual value.  That puts it into the very big league indeed.  Second, confirmation time.  As has been pointed out elsewhere, for small transactions you don't need to wait for full confirmation.  Buying a coffee or some groceries would just take a few seconds; for major transactions, you'd have to wait up to a minute (which sometimes does happen for credit card payments, especially if verification is required).

Perhaps that is not technically feasible, I don't know, and I am nowhere near technically competent to judge (three second block time???).  But the technical team has delivered on its promises so far.  If Dero lives up to this promise, the issues this month with the hashrate are going to pale into absolute insignificance...


63  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 20, 2018, 08:12:35 PM
I hope that DERO will consider forking to v7 as soon as possible. DERO could fork again to their own custom POW once it is ready. The nethash is up over 100MH/s, one person, or at least a small group of ASIC owners are getting the lion share of mining rewards released. The ~37,000 DERO released daily is enough to completely annihilate the buy orders of both exchanges. ASIC owners will only be interested in recouping their investment costs as soon as possible. Whoever is getting all of the DERO released cannot sell all of their rewards as the price would plummet.

I would assume that a fair amount of DERO is being put aside from these miners for future sale at a more opportune time. This could significantly thwart DERO's future momentum in the market.

I must agree. Or it could be worse. They could not dump it, and if the project succeeds (as I think it will), they'll become the biggest bag holders without so much efforts. Not much fair. It defeats the decentralization and anti ASIC principles that the project bases itself.

I'm not sure I see a big problem.  Maybe you guys are right, but I need to be convinced.  There are two main issues as I see it.  The first is that the current supply of new coins isn't going to us anymore, those among us in this community who are miners, but are instead going to some other bunch of guys instead who don't really "care" about the coin.  But why does that matter?  If you still want to get the coins, mine some other coin instead and exchange for the Dero you want to accumulate.  If Dero hadn't been listed on any exchange, the ASIC phenomenon would have been a lot worse - but then of course if Dero hadn't been listed on any exchange, the ASIC guys wouldn't really be interested, would they?

The second problem is price.  There are two possibilities.  Either these guys start dumping their Dero, and price declines, or they don't, and price more or less continues as it has been, or they all hold, and price increases.  To me it seems most likely these guys will dump.  Aren't they all in it for short term profits so they can move onto the next thing (buy more ASICSs)?  So Dero price decreases for a while, and that's good for us believers, right?  We get to buy up a lot of Dero cheap!
64  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 20, 2018, 01:31:21 PM

...

But I do like me some hot arbitrage so I might have to get off my lazy butt and finally try SouthX.


The problem you might find at Southxchange is order fills - could be waiting a while, but I dunno.

SouthX wallets are still disabled as they are still in process of updating.
Also in new Golang Code  max withdrawal, split transactions issues etc. have been fixed, so STOCKS.EXCHANGE DERO wallet is working great.
Peoples have reported successful withdrawals of like 2800,6000 DERO in single transaction.

Did you tried to place DERO to tradeogre.com?
Thay have DOGEE, GRAFT, IC, MONERO ... so on

I think this issue has already been addressed:

- The devs want to wait to have Dero listed on quality exchanges; in the meantime, one or two small exchanges is sufficient

- The devs want to wait until Dero is mostly ready for prime time use before the wider world (the bigger exchanges) get to know about it.

I am a Dero investor and I had to think about it for a while, but I am now in full agreement with this policy.  You'll find most folks on here are in for the long haul (several years I would expect).  Bear in mind that the Golang code is still very much in alpha/testing mode and the devs haven't even started yet on the main payload of Dero, which is the smart contracts (correct me if I'm wrong, devs).
65  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 20, 2018, 10:39:15 AM

...

But I do like me some hot arbitrage so I might have to get off my lazy butt and finally try SouthX.


The problem you might find at Southxchange is order fills - could be waiting a while, but I dunno.
66  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 20, 2018, 10:12:43 AM
Anyone know why so few people have migrated to Southxchange?   Stocks.Exchange has continuously had problems with withdrawals right (I haven't used it, just going by postings here) and yet the trading volume on Southxchange is tiny/non-existent and prices are wildly higher there.  There seems an obvious potential for arbitrage but no-one is doing it and all the volume is on Stocks.Exchange, so what is the issue with Southxchange?
67  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 20, 2018, 10:10:24 AM
Sorry for the noob question on the Golang wallet but unconfirmed funds are in yellow right?  Why would funds be stuck in unconfirmed state for over a day (24 hours)?  Are there instructions somewhere on how to query the blockchain to find out?

If you use the balance command it will unlock the funds

This is a very minor bug and will be updated soon

Great, worked, thanks!
68  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 20, 2018, 09:13:03 AM
Sorry for the noob question on the Golang wallet but unconfirmed funds are in yellow right?  Why would funds be stuck in unconfirmed state for over a day (24 hours)?  Are there instructions somewhere on how to query the blockchain to find out?
69  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 10:42:06 PM
Guys, do you realise how *tiny* Dero's daily trading volume is?

I just checked over on coincodex.com.  If the figure is accurate for the past 24 hours... a little over $20,000.  This is almost literally *nothing*.  It is 0.0001% of the total daily trading volume of all cryptos tracked by coinmarketcap.  It is 0.02% of Monero's 24h trading volume.

And how cheap it is.  It is still possible to acquire, relatively speaking, a substantial portion of the total supply.  For less than $500 you get about 0.05% of the currently circulating supply.  In comparison, for the same amount, you get 0.0000003% of currently circulating bitcoin, and 0.00001% of currently circulating Monero.

If Dero lives up even to half its potential, we are in for a wild ride over the next few years.
70  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 09:56:02 PM
::)difficulty of monero hashrate is 515MH for 220$ price. DERO Difficulty 40MH for 49cents price. It's about 10X time bigger then it need to be. 6-8MH is a maximum hashrate for Dero, Developers work hard, i know. Now i switch to mode "invest step by step". GPU mining died this day, this is hard work to develop anti-asic resist, will waiting. Don't panic, DERO is a long-term project, nothing scared happened now, hope soon all would done and hashrate come back to 6-8-10MH. Wink

Here's a question.  Although I am not sure you are correct to compare hashrates and raw price directly quite like this, I agree difficulty for Dero is very high.  But why is this?  Shouldn't market forces ensure that the difficulty for each coin is about right, in terms of capital expenditure and energy costs for mining each coin?  Perhaps the reason is that the market thinks that the *potential* for Dero is higher than other coins, therefore justifying a higher current difficulty than for other comparable coins based on their *current* market price?

Possibly in partial answer to my own question, perhaps asics are dumping on Dero more than other coins because Dero is still using an asic-compatible POW version, whereas many other coins have changed their POW to try to defeat ASICs.  But I don't know.

I think I have an even better answer now, which is obvious in retrospect.  If you look at cryptunit.com, you'll notice immediately that all the more profitable coins are the CryptoNightV7 ones, and all the Cryptonight (classic, let's say) coins are down the toilet.  The difference is really substantial; we are talking nearly an order of magnitude.  It makes no sense at all right now to be mining any Cryptonight classic coins on your own CPU/GPU hardware (and I have stopped for the meantime).

However, look over at nicehash.  There market forces ensure that CryptonightV7 and Cryptonight classic coins are more or less equally profitable; the current bid price for V7 is in the region of 0.1965 bitcoin/mH/day, while for classic it is in the region of 0.03, a whopping difference and which roughly corresponds to the differences in profitability on cryptunit.   In fact I nicehashed some Dero over the past few days using some bitcoin and it made perfect sense - if anything it is actually slightly more profitable (or worthwhile, depending on your aims here) to use nicehash for the older Cryptonight classic than to use it for the V7.  The ask prices for hashes seem more stable on Cryptonight classic too, which means it is easier to lowball your bid price and still secure the hashes you need.  (Incidentally, I got slightly more coins by using nicehash than I would on stocks.exchange - about 10% more - or the even pricier southxchange; if you try it, just make sure you lowball your offer so much you are only getting your order filled about 50% of the time and ignore all the warning emails.)

I suspect nearly all the hashrate for Dero and the other classic coins right now is due to a combination of asics and nicehash.  We are waiting longer than the others for a POW update, but I suspect, knowing our devs, that the wait will be worth it...
71  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 09:30:50 PM
Ive been monitoring the network hashrate and many other things very closely, and the time has come where we are going to provide an update to everyone in the next 36 hours or less.

The Dero team will do our best to provide some clarity and transparency about what the development team has been up to, an update about where were headed, and how we plan to tackle the problem.

So, a network hashrate exceeding 35 MH/s and price cratering to ~$0.36US got your attention, eh? Well, this announcement ought to be interesting...

EDIT - I did manage to snag about 300 DERO before price rebounded. Thanks, suckas, for the cheap coinz.  Grin

I tried to take advantage too, but the ever reliable Stocks.Exchange managed to lose two XMR deposits for almost a week. They got it sorted out this morning about half a day too late to pick up some cheap DERO. Sigh.

Having said that, if you take the long term view that DERO is headed to a price in the triple digits (USD) then the difference between $0.35 and $0.50 is trivial.

Looking forward to the announcement. Hopefully it's an ASIC killer and we can get back to mining.

Regarding the small absolute difference in price now between $0.35 and $0.50, it depends on your approach.  It's still a big percentage difference.  Let's suppose we have $100 to invest.  That would buy 285 coins at the lower of these two prices, and 200 at the higher price of $0.50.  Fast forward to a hypothetical time when the coins are worth $100, and the difference is not trivial at all.  The small differences in price now magnify out.

It is only trivial if your aim is to acquire a certain number of coins within a certain time window (say the next month or whatever) and you will buy that number at whatever the price happens to be.  The cost difference now it won't make any difference a few years down the line when the price has increased substantially. 

But how many people are investing using the second approach?  Speaking for myself, I have a certain amount to invest, and I am trying to do it as wisely as possible.  I bet that is most people's approach in fact.  Anyway, for myself these small differences that are big in percentage terms do matter but I try not to be sad about them... there is more to life isn't there?
72  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 09:22:33 PM
First, thanks to the Devs for all the work put into this project, and getting milestones achieved ahead of schedule.  Also, although I was initially sceptical, I see now the logic of waiting until the code is release or beta at least (currently it is only alpha) before releasing it as open source.  Patience, folks!  And now finally that I have my hardware issues sorted and my wallet is syncing, I do appreciate the newer and much speedier daemon sync.  Good work!

I am looking forward to the proof of work update, which I assume is the next major update in the pipeline that has been hinted at in recent days.  I wonder if Dero will go the IPBC route, and release a custom POW algorithm.  I see little point in going the V7 route, as most cryptonight coins have chosen to jump on Monero's bandwagon, and surely it will just be a matter of time before there are ASICS for that, too.  Is it technically possible to change the POW algorithm enough to defeat ASICS but not so much as to require a hard fork?  Now that would be a real cat-in-the-bag....
73  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 12:28:22 PM
I am having some issues with the wallet.  First attempt switching over to new Golang wallet.  The daemon is synced (though with warning messages about TX rejected due to low fees - I assume I can ignore these messages?) but the wallet is unable to sync and just crashes after a partial sync with partial balance at 33246/62895:

unexpected fault address 0x38c1040

fatal error: fault
[signal 0xc0000005 code=0x0 addr=0x38c1040 pc=0x6a67a8]

followed by a bunch of stuff I can copy and paste into a PM if necessary.
Pls PM and also send the wallet logs created in same directory(upload somewhere and PM link).
Also include details of OS/arch and output of version command.

I apologise for potentially wasting CaptDero's time on this (though not sure if s/he spent any or not).

It turns out, I believe, that the issue was insufficient disk space.  I noticed that the free space on the disk was very low, and once I cleared out some files, the problem went away.
74  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 09:17:52 AM
::)difficulty of monero hashrate is 515MH for 220$ price. DERO Difficulty 40MH for 49cents price. It's about 10X time bigger then it need to be. 6-8MH is a maximum hashrate for Dero, Developers work hard, i know. Now i switch to mode "invest step by step". GPU mining died this day, this is hard work to develop anti-asic resist, will waiting. Don't panic, DERO is a long-term project, nothing scared happened now, hope soon all would done and hashrate come back to 6-8-10MH. Wink

Here's a question.  Although I am not sure you are correct to compare hashrates and raw price directly quite like this, I agree difficulty for Dero is very high.  But why is this?  Shouldn't market forces ensure that the difficulty for each coin is about right, in terms of capital expenditure and energy costs for mining each coin?  Perhaps the reason is that the market thinks that the *potential* for Dero is higher than other coins, therefore justifying a higher current difficulty than for other comparable coins based on their *current* market price?

Possibly in partial answer to my own question, perhaps asics are dumping on Dero more than other coins because Dero is still using an asic-compatible POW version, whereas many other coins have changed their POW to try to defeat ASICs.  But I don't know.
75  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 09:16:23 AM
Been getting "Result rejected by the pool" across all my miners, and "SOCKET ERROR - your IP is banned" on one of them (but only one).  This has been going on a while - have endless screenfuls of these messages - seems I have been burning through electricity for nothing.

Have now stopped and restarted the miners, and the problem seems to have gone away, for now.  There have been no recent config or miner changes.  What could cause this to happen all of a sudden, and then go away as mysteriously as it came?

Is this with xmr-stak? If so, it happens to me occasionally, but only when mining DERO for some reason. Just like for you stopping and restarting the miners (after the requisite 10 minute ban passes) solves the problem.


If you are using vardiff, the base diff was increased to prevent webminers. Try fixed diff.

Edit:  In case you need the fixed diff calculation, it is [ hashrate x 30 ] and in xmr-stak you can set up fixed diff like so:  WalletAddress.Difficulty+WorkerName (Official Pool)

Thanks for these answers.  I realised that I am using a quite-out-of-date version of xmr-stak so I've upgraded to the latest version (published 12 hours ago) and am trying that.  If I still run into problems I'll try using fixed hashrate.

EDIT: I am using fixed hashrate anyway.  Seems like a good idea.  Latest versions of xmr-stak give you web access to your miners which is very nice for monitoring.
76  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 19, 2018, 09:00:59 AM
::)difficulty of monero hashrate is 515MH for 220$ price. DERO Difficulty 40MH for 49cents price. It's about 10X time bigger then it need to be. 6-8MH is a maximum hashrate for Dero, Developers work hard, i know. Now i switch to mode "invest step by step". GPU mining died this day, this is hard work to develop anti-asic resist, will waiting. Don't panic, DERO is a long-term project, nothing scared happened now, hope soon all would done and hashrate come back to 6-8-10MH. Wink

Here's a question.  Although I am not sure you are correct to compare hashrates and raw price directly quite like this, I agree difficulty for Dero is very high.  But why is this?  Shouldn't market forces ensure that the difficulty for each coin is about right, in terms of capital expenditure and energy costs for mining each coin?  Perhaps the reason is that the market thinks that the *potential* for Dero is higher than other coins, therefore justifying a higher current difficulty than for other comparable coins based on their *current* market price?

77  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 18, 2018, 10:25:10 PM
Been getting "Result rejected by the pool" across all my miners, and "SOCKET ERROR - your IP is banned" on one of them (but only one).  This has been going on a while - have endless screenfuls of these messages - seems I have been burning through electricity for nothing.

Have now stopped and restarted the miners, and the problem seems to have gone away, for now.  There have been no recent config or miner changes.  What could cause this to happen all of a sudden, and then go away as mysteriously as it came?
78  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 18, 2018, 07:45:23 AM
I am having some issues with the wallet.  First attempt switching over to new Golang wallet.  The daemon is synced (though with warning messages about TX rejected due to low fees - I assume I can ignore these messages?) but the wallet is unable to sync and just crashes after a partial sync with partial balance at 33246/62895:

unexpected fault address 0x38c1040

fatal error: fault
[signal 0xc0000005 code=0x0 addr=0x38c1040 pc=0x6a67a8]

followed by a bunch of stuff I can copy and paste into a PM if necessary.
79  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: April 03, 2018, 08:41:34 PM
I'm confused.

Is Dero open source or isn't it?  If it is, where is the source code?  If Dero has now transitioned into closed-source code, it no longer merits being considered a cryptocurrency.

https://coincenter.org/entry/what-is-open-source-and-why-is-it-important-for-cryptocurrency-and-open-blockchain-projects

The developers say that the older C++ code is no longer supported.  With the source code as yet unreleased, AT THIS POINT DERO BECOMES A CLOSED SOURCE CRYPTOCURRENCY.  Which is to say, no longer really a cryptocurrency or cryptoasset at all.

Can the developers please clarify on this important issue?
80  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DERO BLOCKCHAIN: CryptoNote Privacy + Smart Contracts on: March 26, 2018, 08:51:55 PM
So we believe (to the best of our knowledge) that we have a first on the blockchain that we will be able to announce some time soon as an additional surprise that our developers added to Dero's new blockchain technology secretly.  Wink It will improve security and privacy. When the code is released you will be able to dig for full details. Until then, we will make an announcement of some type when it's time!

It should add a healthy level of security and privacy over most existing blockchains in an area where many are lacking.

Looking forward to it!
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