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Also scaling is another issue, Bitcoin fees are 1000x Monero fees.
Because Bitcoin is used 1000x more often than Monero. If Monero would reach the limits of its capacity, it would have high fees too. And since Monero is not using any different blockchain architecture that would make it more efficient than Bitcoin with block space, you can't say that it's more scalable just because the devs chose to have higher block size cap. Raising the size cap is trivial, dealing with the consequences is not. This is not true. Monero's broadcasted transactions per second are typically 5 - 10% of Bitcoin's transactions. Sometimes reaching as high as 20%. At the time writing this Monero has 0.29 tx/sec where as Bitcoin has 3.25 tx/sec. This is a nice site to see real-time statistics in comparison: https://txstreet.com/v/xmr-btc |
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On the p2pool github site it says that --zmq-pub parameter is required on monerod when mining. I was using monerod with --no-zmq, but after change to --zmq-pub, I get this error: monerod --data-dir E:\Monero --block-sync-size 20 --limit-rate-up 50000 --enable-dns-blocklist --db-sync-mode=safe --public-node --restricted-rpc --rpc-bind-ip 0.0.0.0 --confirm-external-bind --zmq-pub --enforce-dns-checkpointing
2022-05-27 13:30:52.592 I Monero 'Oxygen Orion' (v0.17.3.2-release)
2022-05-27 13:30:52.596 I Initializing cryptonote protocol...
2022-05-27 13:30:52.596 I Cryptonote protocol initialized OK
2022-05-27 13:30:52.599 I Initializing core...
2022-05-27 13:30:52.600 I Loading blockchain from folder E:\Monero\lmdb ...
2022-05-27 13:30:58.396 I Loading checkpoints
2022-05-27 13:30:58.417 I Core initialized OK
2022-05-27 13:30:58.418 I Initializing p2p server...
2022-05-27 13:30:58.442 I p2p server initialized OK
2022-05-27 13:30:58.443 I Initializing core RPC server...
2022-05-27 13:30:58.445 I Binding on 0.0.0.0 (IPv4):18081
2022-05-27 13:30:58.660 I core RPC server initialized OK on port: 18081
2022-05-27 13:30:58.694 E ZMQ bind failed: No error
2022-05-27 13:30:58.698 E Failed to create ZMQ/Pub listener: Unable to initialize ZMQ_XPUB socket
2022-05-27 13:30:58.702 I Deinitializing core RPC server...
2022-05-27 13:30:58.704 I Deinitializing p2p...
2022-05-27 13:30:58.713 I Deinitializing core...
2022-05-27 13:30:58.756 I Stopping cryptonote protocol...
2022-05-27 13:30:58.757 I Cryptonote protocol stopped successfully
2022-05-27 13:30:58.758 E Exception in main! Failed to initialize zmq_pub So is there an error or is there no error?  Restarting my PC did not help, and I can't think of anything I could try to solve this, pls help. That option is not enough I think. Try: --zmq-pub tcp://127.0.0.1:18083 |
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^ Ey johnfoss, do you have any news on Fluffypony's Tari project? Is that still happening? The last time I heard Fluffy talk about it was when the planned wallet addresses would be in emojis. Lolol. I don't know how that would work but it's hilarious in a cool way. But yeah... I think it's one of the most promising projects to be built in the space. Sad if they abandoned it.
There are quite frequent dev updates it seems: https://www.tari.com/updates/ |
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As I would see it, monero has during all its trade history been a rangebound coin. Almost certain Rpitila has every one of the numbers to do this in the event that he hasn't done as such as of now. The assets of the previous gathering are monitored, while the assets of the last option bunch are scattered because of misfortunes by blackmail, burglary, and misrepresentation.
I am not sure why you are mentioning Pietilä. He died few years ago. Do you have a source for this? Not questioning what you're saying but would be interested in knowing what happened. I remember seeing the news about the car crash leading to his death in Finnish media at the time, but I couldn't find the news article anymore. Finnish wiki page also states that he died on 14.8.2020. His FB page was always (still is) public too and there is an "in memoriam" message. I found a news article (in Finnish) which is supposedly about the events leading to the accident. However I don't know if it is truly about Pietilä's case since no name is mentioned. Google translated news article below: https://www-iltalehti-fi.translate.goog/kotimaa/a/92405c53-e176-4c72-8753-df5cd85ac7e7?_x_tr_sl=fi&_x_tr_tl=en&_x_tr_hl=fi&_x_tr_pto=wapp |
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As I would see it, monero has during all its trade history been a rangebound coin. Almost certain Rpitila has every one of the numbers to do this in the event that he hasn't done as such as of now. The assets of the previous gathering are monitored, while the assets of the last option bunch are scattered because of misfortunes by blackmail, burglary, and misrepresentation.
I am not sure why you are mentioning Pietilä. He died few years ago. |
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Can someone point out to me the difference between Monero (XMR) MoneroV (XMV) and Monero Classic (XMC) and why the latter two spark no interest by crypto investors and holders? Bitcoin forks often do quite better.
Those two are basically an old version of Monero right before RandomX was implemented IIRC. So ASICS can mine them and if my memory server me correctly - they were largely supported by these ASICS manufacturers. I am surprised you even found them anymore. Are they still alive? I hope not. They serve no purpose and I guess were only useful to squeeze out some more profit from those ASICS. |
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Broke $200... and crickets?
Meh, dirty Fiat price, Wake me when we hit .03 again!  Exactly my sentiment too. Actually I am pretty annoyed by the XMR / BTC ratio being so low, but there seems to be some improvement on that lately. |
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Hey Guys,
no download link for the wallets is working on the official site...
Would be nice if you can solve this problem asap!
Thanks!
And what is this official site? Or nevermind....the one and only real site is https://www.getmonero.org/ and the download links seem to work just fine. |
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Good to hear DStefanov and thanks for confirming.
Can you perhaps explain dEBRUYNE why in this case being connected to a remote node has a different result than being connected to your own?
The amount of inputs a transaction can use is limited in case of utilizing a remote node (I do not remember the exact reason off the top of my hat). No such limit is in place in case of using a local node. Note that the threshold is quite high and is typically not reached by a user, especially after RingCT was introduced. Didn't the error message he got say something about --restricted-rpc? Could it be that if the remote node runs with --restricted-rpc option then the sweep unmixable doesn't work? |
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Maybe I get you wrong, but it seems like what you saying is, BTC would still be mined for 80+ years. Technically true. But in 2 month 87.5% of all BTC will be already mined. And after another two halvings that would be 96.875%. Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.  It is true because the Bitcoin will officially jump into its deflation phase (next decades) after the coming halving. We have been very closely to the next halving of bitcoin. I don't know what Satoshi will think of and do if he can recreate Bitcoin. Maybe another fair deflation scheme will be chosen. It will never happen so let's look at the first two halvings of bitcoin. Many bitcoin mined and unintentionally destroyed (because of its very low value during those early years), now we have too little bitcoin available for using in real situations. It is somewhat a reason to help its price rising more. if next asic miner have more power than today(2X-3X performance) and after that more new one is more performance too(10X-20X compare today) it make bitcoin mined faster than 80+ years? That wouldn't matter because Bitcoin difficulty adjusts so that the average block time stays at ~10 minutes. So if mining/hashrate goes up then difficulty goes up too. |
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It is very worrying that DASH has begun to be removed from some exchanges as an anonymous currency...
FATF will ban exchanges from trading DASH. where can I see news about this? and what is the reason DASH has been removed from some exchanges? hope this does not happen in many exchanges. would be very bad if it happens because many people assume and believe it and hope it doesn't happen in a big exchange Thats just Alexey45 spreading FUD (which is why i put him on ignore). FATF put a list of recommendations out for its member countries to follow (these are not mandatory for exchanges, just guidelines). Part of these recoomendations includes a "travel rule", which already exist for banks and is now introduced to crypto exchanges as well. This travel rule allows information gathering on senders and receivers from crypto transactions. Just like Bitcoin has an open blockchain with public viewable addresses of senders and receivers, so has Dash. This means Dash can comply with this travel rule and the FATF ruling in general, to the same extend as Bitcoin can. I think the travel rule is not even about whether currency is private or not. Isn't it more about exchange knowing where the funds are coming from (deposits) and where the funds are being sent to (withdrawal)? All exchanges, who have KYC procedures in place, know all this anyway so this delisting shenanigans is just strange. |
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I don't think Risto is tormented. He's cooking up another scheme right now, and already has "investors".
No further comment from me, so please don't ask.
I checked his FB profile and it seems that he addresses himself as "the Dragon" these days. Weird. Maybe another game of sorts? Mind sending a link to that there FB page in pm or just posting it somewhere? Tried to send you a PM but you don't seem to allow messages from newbies. Risto has an open profile in Facebook so anyone can check/find it. |
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I don't think Risto is tormented. He's cooking up another scheme right now, and already has "investors".
No further comment from me, so please don't ask.
I checked his FB profile and it seems that he addresses himself as "the Dragon" these days. Weird. Maybe another game of sorts? |
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Over the past 24h Bitcoin went up about 1% , but everything else with 'Bitcoin' in the name has been pumping hard:
Bitcoin Cash: 6%
Bitcoin SV: 56%
Bitcoin Gold: 22%
Bitcoin Diamond: 53%
Lightning Bitcoin: 12%
In the meantime, Monero only went up 3%. What do all these 'Bitcoin something's offer that Bitcoin + Monero do not? How can the market be so out of touch with reality?
Don't know about the other coins, but SV's volume has never looked organic, so hard to take it seriously. I guess the reason for BSV pump is the fact that Craig Wright filed a copyright claim for original Bitcoin Whitepaper as Satoshi Nakamoto. So I guess some people really believe him to be Satoshi... |
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does anyone know if they coded in a difficulty drop on fork activation?
I don't think so. So it is slow at first but the difficulty will adjust naturally. |
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I heard a rumor a few weeks back (Jan 19th) regarding ASICs on the network - supposedly there was a batch of 5000 miners manufactured for a private Chinese farm that went online just recently. It seems to be pretty feasible after comparing against some analytics done on the nonce ranges of historic blocks: https://github.com/noncesense-research-lab/nonce_distribution/blob/master/nonce_distribution.ipynbConveniently enough, this analysis concludes the miners came online around Jan 9th. Some chit-chat from IRC matches up as well: <@solar> i got some confirmation about asics too
<@solar> there's at least 1 group with cnv2 asics, 65nm
<@solar> supposedly a batch of 5000
<sech1> So after a thorough analysis of the winning nonces for blocks 1760000-1765000 I can say this about ASICs that are on the network now:
<sech1> 320 cores (10 chips x 32 cores?)
<sech1> each core processes nonces with 2^22 step - from 0 to ~1.34e9
<sech1> Single core speed is 400 h/s - calculated from the area of spikes (which come with 2^22 step) on winning nonce graph
<sech1> Overall ASIC device speed = 128 kh/s (400*320)
<sech1> Around 4000-4500 ASICs online now
<sech1> M5M400 they do mine on public pools: f2pool, viabtc, poolin - they all submit blocks with winning nonces strictly in ASIC nonce ranges
<sech1> all 3 are Chinese pools ironically
<sech1> so we can just count them in "unknown hashrate" part
<sech1> which leaves only 230 MH/s known
<sech1> and 641 MH/s = almost exactly 5000 * 128 kh/s solar
At the time of this post, network hashrate is 850 MH/s (640 MH/s being 75% unknown), putting us squarely in the danger zone for network-level attacks. This is also a major drain on public pools - with only 230MH/s of "legitimate" miners popular pools are operating at a significant loss, having only 60-70 MH/s on average (e.g. SupportXMR at 0.6% is just below $1300/mo, while their server expenses are approximately $5000/mo). With the next hard fork still a few months out this is a completely unsustainable scenario and will eventually lead to the closure and consolidation of the public pools, not to mention a mass exodus of "legitimate" miners. the current network hashrate likely consists of 85.2% ASICs (5400 ASIC machines) and some die-hard GPU miners and botnets. This is why hard forks purely for banning ASIC miners are dangerous in my opinion, they lower your network strength (making it vulnerable to 51% attacks) while ASIC manufacturers will find ways to circumvent it. Best is to just allow ASIC miners and have them spread their hashrate evenly across pools (difficult to arrange, but not impossible). Monero tries to be fair for all so ASICS (which are not easily obtainable for normal miners) are unfair advantage. So it is not like ASICS are bad but more like they are bad because so few can get them. This situation is not new. It was the same year ago. As soon as it is known that algo will be changed, those ASICS will be sold. I just hope people are not getting fooled into buying them. |
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Hi, I'm not sure if I'm at the right place for this, my apologies if it's not. I have the following situation: 1. I exchanged BTC for XMR and after 24 hours it still did not show up in my XMR wallet. 2. I created a new wallet, bought xmr and send it to a different new wallet. I received the XMR within 20 minutes. 3. I send XMR from that second new wallet to my first new wallet. Now a day later, nothing shows up. I have used both client as gui to get spend proof info. Also in the client it shows how many XMR were transferred by txid txkey and wallet. This never happened to me before. I know XMR can take a long time. From minutes to hours. But at least you get to see (unconfirmed eta ~20 minutes). Now it's all 0.00000 Does anyone know if there is a current situation why it's going wrong? Why did my exchange->new wallet work as it should, but with using GUI wallet 2 to wallet 1 does not work? What will happen to my coins? What should/can I do. I'm not talking about small amounts  Might be that your wallet 1 is not synced. I assume it is the same daemon for both wallets. Maybe do a rescan balance for wallet 1? |
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Man, I don't say there is a reason for panic, there is a point to think on our steps to PREVENT future panic. Your mistake is that you consider high network hashrate only APART of other signals of danger, you just see one step near you, not far a bit. 1. There is no big deal with hashrate itself, THE PROBLEM is how is this hashrate distributed among Known Pools. The danger is that 100% of new creepy hashrate DOES NOT BELONG TO KNOWN POOLS AT ALL. Unknown hashrate ~= 200MH/s while Known hashrate (belongs to Known Pools) ~=300 MH/s, so Unknown hashrate ~= 60% of Known hashrate. Note, I even don't speak that ASIC or Botnet owners MAY use known pools : they MAY but they DON'T. THIS IS THE MAIN PROBLEM THAT SEEMS LIKE 51% TRY-ATTACK. 2. Don't compare hashrates alone. Compare them IN PAIR with XMR price. For simplicity consider exactly 1 year period. Today hashrate ~=500Mhz, price ~=$45, but A YEAR AGO hashrate ~=500Mhz AS WELL (nothing changed) but price was ~= $400. You can see easily that mining profit drooped in ONE YEAR for TEN TIMES, not 2, not 5, but 10 times. Our Honest Miners that pay for electricity are becoming bankrupts right now! All we remember Bitcoin past at 2010-2011. When did Bitcoin mining begin to be completely UNprofitable to mine with GPU?! WHEN FPGA and ASICS came to the scene!!! But official politics of our community is to be FPGA- and ASIC-resistant, or generally speaking TO BE RESISTANT AGAINST ANY SPECIFIC MINING HARDWARE. When honest miners with GPUs that pay for electricity can't mine and become bankrupts - THIS IS DIRECT VIOLATION OF THE COMMUNITY POLITICS. Hmm maybe there's some truth to what you're saying. The Monero Classic chain (the one with ASIC miners) dropped from 60.2B difficulty yesterday to 21B difficulty today. Maybe somebody is switching off their CryptoNightV0 ASICs and switching on their CryptoNightV2 ASICs?  edit and it looks like the XMC hashrate will continue to drop, their block times are super slow at the moment. May be you are right... Can you place here links to XMC hashrate/difficulty chart? Your numbers are off. Year ago we were few weeks away from 1000 Mhash (or 1Ghash) because of ASICS. Sure the price was multiple times higher in USD terms because of BTC sitting at almost 20 000$, but in BTC terms we were "only" about 2x - 2,5x higher. Hashrate now is the same as it was last November and the price in BTC terms was similar. I still think ASICS manufacturers would be foolish and essentially throwing money away if they were building new ASICS for Monero because they know Monero will just change the POW again. All that development cost for nothing (or almost nothing). |
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Thanks for the links  Holly Shit! Today, according to https://miningpoolstats.stream/moneroXMR Network Hashrate = 528 MH/s Sum Hashrate Belongs To Known Pools = 330 MH/s UNKNOWN POOLS Hashrate = 528-330 = 198 MH/s ~= 200 MH/s UNKNOWN POOLS Hashrate / Sum Hashrate Belongs To Known Pools = 0.6 i.e. 60%. XMR Price = $42 XMR Network Hashrate / XMR Price = 528 / 42 = 12.5. Exactly year ago, January 2018, XMR Network Hashrate ~= 500 MH/s, XMR price ~= $400, XMR Network Hashrate / XMR Price ~= 1.25 https://bitinfocharts.com/comparison/monero-hashrate.html#1yhttps://bitinfocharts.com/comparison/monero-price.html#1yYou see, 1 year passed, XMR Network Hashrate ~= 500 MH/s as it was, but price dropped catastrophically from $400 to $40, ------------------- Dear Community Members, do you still believe this is NOT either 51% Attack or Hidden ASICs?! You are using too short time span at looking into this. Check this chart: https://bitinfocharts.com/comparison/monero-difficulty.htmlThe hashrate now (to me at least) seems more like return to normal after low hash period than anything else. |
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