Litecoin Difficulty: 49,818 Estimated Next Difficulty: 51,176 (+2.73%) Adjust time: After 1601 Blocks, About 2.7 days Hashrate(?): 1,493 GH/s Looks like another 100 GH/s added ...... Alpha testing even more vipers  100 GH/s = monthly 213500$ fecking wenkers alpha t You do realize there's other manufacturers out there, along with some private ones, right? Whether AT has anything hashing away, they're not the sole contributor to nethash. Considering Bitmain is supposed to start shipping their L1 scrypt miner next month, I might guess they're doing some testing as well. |
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The new algorithm has protection for multi pools, they will not be able to mining and sell their coins, so that only people who believe in the coin will be able to mining and will not sell all coins
What? Elaborate on this. How can a hashing algo know to restrict any hashing power, regardless of where it come from? Sounds pretty delusional but I'd love to hear why you believe it. I think he believes that because for a time, VTC will be the only Lyra2 coin. He fails to see that multipools can also switch algorithms based on profitability... Yessir. If VTC becomes highly profitable again, you can bet your sweet ass multis will find a way to incorporate it. It's absurd to state something like that thinking that will always be the case when more often that not, it has been been proven wrong in crypto. Yea, I don't use sgminer5, but I'd guess it would be pretty trivial to add lyra2re to the autoswitcher part of the program. |
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I'm pretty sure that it's Dr. Zoidberg  |
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Question to core team members:
When writing text for Monero project, do I use American English or British English?
Opinions from non core members also appreciated.
Murica pl0x, cauze freedom  |
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What I hate is...
What's the (fucking) point of all the words... The point is that no one has all their coins on exchanges, let alone on a single exchange. So what your pointing out is pointless, that's the point. But you might have gotten that if you weren't too busy thinking about fucking typos. To say that its too bad for those who lost coins because they had those coins on exchanges is putting blame on the victims. Like I said there are always morons who take this stance (too many morons)... gets on my last nerve. The conversation started on the previous page with cryptoknight84, who said, and I quote: So why should anyone who lost all his/her coins would like to buy coins now when he/she was left alone?
and there were a couple of other people who implied they were leaving myriadcoin because they lost all their myriad. Don't bother reading or anything before you jump in getting all agitated and calling people names. |
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Voted a few days ago, but back to post in support of Monero; would love to be able to gamble with some XMR |
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Does anyone know when they are gonna change the algo?
I've been hearing mid-December lately. |
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why the low volume?
Small interest at this moment. This coin need more time to see its potential Personally I don't think anyone would be wise to put up any significant buy orders when > 50% of the current coin supply is controlled by the dev premine, and this will be the case for six months or longer, with the very slow emission of this coin. Maybe it's a good thing, it will give devs time to work out the bugs, and then they can go open source in a six months or a year, when they only control 30-50% of the current coin supply, but still, I'd have some reservations buying in even in one year's time when dev controls "only" > 25% of current coin supply, and there's no way I'm adding any buy support when the devs control like 80 or 90+% of the current coin supply, which is the case at the moment. It's a fair point mathematically but its relevance is arguable. Either you trust the devs for their reputation, the quality of their coin (without looking at the code), their lasting work on its future development AND their smart use of the premined funds. Or you don't... The 1st coin to have Zero-proof technology is something big enough for the devs to behave well - if not for money for glory. And both is totally fine. I haven't personally downloaded the wallet, but there seems to be some serious issues with the quality of the coin based on the reports of some issues in this thread. Also, the only block explorer (afaik) is now dead, so you really have to trust the devs at this point. I don't necessarily distrust the devs, I like vertcoin, and in my conversations with Poramin he always seemed like a smart, honorable person, but I guess I'm just a follower of the "trust but verify" philosophical school, which in this case is essentially impossible. |
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I think that indicates hashrate is rising pretty fast over past 24 hours. I believe diff (which the network hashrate is calculated by) is taking into account blocks found over the last 24 hours or so, while the pool's calculate their hashrate based on the last 30 minutes I think. So, if the sum of the pools is much greater than the reported network hashrate, that means the diff/network hashrate is still playing catch up with the increase in hash. |
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What I hate is those of you cunts who blame the victims of theft for the freaking theft. Especially in this online/altcoin/shit context where most of the exchanges in question were prominent exchanges at the time they went up. In the context of an irregulated atmosphere with almost no legal recourse, and where the owners of the best exchanges aren't even known to their customers until after they have committed the theft. It almost makes me throw up when I read you morons giving so called advise about, if you don't control your keys... bla bla .... Yea morons we all know this and no one has all or even most their stacks on these exchanges. But if your in this game then you would be a true moron if you had no coins or money sitting on these exchanges(so called exchanges). And if your like me, I don't take kindly to someone stealing from me irrespective of the amount. And please dont hang too long on any one of these words... its the fucking point of all the words as a whole that you should be paying attention to.
What's the (fucking) point of all the words as a whole? That you can't spell very well and you like to call people names? Nobody blamed the victims for the theft, just pointed out that you shouldn't leave all your coins on a single shady exchange. |
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people who keep their coins on an exchange after mt gox... sorry but that's your own fault
if everyone removed their coins when they left the exchange the only people you would be able to buy and sell to are the ones online at the same time as you. at that point the traffic would be too slow for your time, and to costly to maintain so it would fall apart To some extent this is true, but there seems to be some complaining from people who lost __all__ of their coins when a single exchange got hacked. You should probably keep most of your holdings in accounts that you hold the private keys to, and if you're going to keep them all online, at least spread your holdings out over a few different exchanges so your entire stash isn't subject to a single point of failure. |
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You don't have to be an expert on economics to understand what inflation is. Simply put, too many coins are being mined everyday with not enough buy support to sustain the existing new supply among the current supply. Until you have buyers (demand) for those new coins, price has no where to go but down. To ignore inflation or this very fact means you have been totally oblivious to the constant downward price action in your coin. But... if you are fine with that, continue disregarding inflation.
bitcoin, litecoin, and vertcoin are designed to have high inflation to allow early entrants in the first several years to get in at low cost, so the coin can hopefully be more widespread and effective as a currency. darkcoin (the coin you're primarily a proponent of based on your comment history) had a huge instamine, and then hard forked to change emission, so that almost 35% of the current coin supply (and almost 10% of the total coin supply) was mined in the first eight hours of the coin's life, then rewards were drastically reduced by hardfork. To be fair, vertcoin had it's own issues with instamine, likely due to poor difficulty retargeting when the hashrate was rapidly rising after the coin's release, resulting in 600k vtc being created in ~30 hours, but this is only about 5% of the current coin supply, and less than 1% of the total coin supply. vertcoin, however, didn't hardfork to reward the first day's miners (i.e., the dev(s)) with almost 35% of the current coin supply, like darkcoin did, giving themself/themselves an effective 10% premine. I didn't come in talking about DRK, I am simply stating a fact that until demand can match or exceed supply, downward pricing action will prevail. Since you brought up DRK, I don't think anyone in the fRK camp is happy about the issues with the instamine but it has been beaten to death that those coins have long since been churned over 2 months of stagnant price action. If that really is your base case argument, it's a bit flawed. Further, the distribution that happened allowed for the expansive network of masternodes already available. With the continued coin supply tied directly to difficulty with a floor and yearly reduction, inflation is minimal at best. But good luck on Vertcoin. I never came in here talking trash about it, just simply pointed out the fact that an algo change doesn't mean the price is going to change to the upside until demand matches or exceeds new supply. Basic mathematics coupled with basic economics is resulting in the situation VTC is currently in. What part of "it's a feature not a bug" do you not understand? Also, didn't mean to jump on you about darkcoin, I just remembered seeing you in some monero thread(s) recently "not talking trash", so I thought I'd use darkcoin as a contrasting example to vert. I'll simplify it for you: An algo change as a FEATURE (remaining ASIC resistant) isn't enough on its own to justify any price increases without further demand. Period. As for the Monero thread, if false shit is going to be spread, it's going to be commented on. But keep going, we can dance circles if you want. I meant the inflation is a feature, to keep coins cheap for several years and (hopefully) allow for broader adoption. |
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You don't have to be an expert on economics to understand what inflation is. Simply put, too many coins are being mined everyday with not enough buy support to sustain the existing new supply among the current supply. Until you have buyers (demand) for those new coins, price has no where to go but down. To ignore inflation or this very fact means you have been totally oblivious to the constant downward price action in your coin. But... if you are fine with that, continue disregarding inflation.
bitcoin, litecoin, and vertcoin are designed to have high inflation to allow early entrants in the first several years to get in at low cost, so the coin can hopefully be more widespread and effective as a currency. darkcoin (the coin you're primarily a proponent of based on your comment history) had a huge instamine, and then hard forked to change emission, so that almost 35% of the current coin supply (and almost 10% of the total coin supply) was mined in the first eight hours of the coin's life, then rewards were drastically reduced by hardfork. To be fair, vertcoin had it's own issues with instamine, likely due to poor difficulty retargeting when the hashrate was rapidly rising after the coin's release, resulting in 600k vtc being created in ~30 hours, but this is only about 5% of the current coin supply, and less than 1% of the total coin supply. vertcoin, however, didn't hardfork to reward the first day's miners (i.e., the dev(s)) with almost 35% of the current coin supply, like darkcoin did, giving themself/themselves an effective 10% premine. I didn't come in talking about DRK, I am simply stating a fact that until demand can match or exceed supply, downward pricing action will prevail. Since you brought up DRK, I don't think anyone in the DRK camp is happy about the issues with the instamine but it has been beaten to death that those coins have long since been churned over 2 months of stagnant price action. If that really is your base case argument, it's a bit flawed. Further, the distribution that happened allowed for the expansive network of masternodes already available. With the continued coin supply tied directly to difficulty with a floor and yearly reduction, inflation is minimal at best. But good luck on Vertcoin. I never came in here talking trash about it, just simply pointed out the fact that an algo change doesn't mean the price is going to change to the upside until demand matches or exceeds new supply. Basic mathematics coupled with basic economics is resulting in the situation VTC is currently in. What part of "it's a feature not a bug" do you not understand? Also, didn't mean to jump on you about darkcoin, I just remembered seeing you in some monero thread(s) recently "not talking trash", so I thought I'd use darkcoin as a contrasting example to vert. |
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why the low volume?
Small interest at this moment. This coin need more time to see its potential Personally I don't think anyone would be wise to put up any significant buy orders when > 50% of the current coin supply is controlled by the dev premine, and this will be the case for six months or longer, with the very slow emission of this coin. Maybe it's a good thing, it will give devs time to work out the bugs, and then they can go open source in a six months or a year, when they only control 30-50% of the current coin supply, but still, I'd have some reservations buying in even in one year's time when dev controls "only" > 25% of current coin supply, and there's no way I'm adding any buy support when the devs control like 80 or 90+% of the current coin supply, which is the case at the moment. |
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You don't have to be an expert on economics to understand what inflation is. Simply put, too many coins are being mined everyday with not enough buy support to sustain the existing new supply among the current supply. Until you have buyers (demand) for those new coins, price has no where to go but down. To ignore inflation or this very fact means you have been totally oblivious to the constant downward price action in your coin. But... if you are fine with that, continue disregarding inflation.
bitcoin, litecoin, and vertcoin are designed to have high inflation to allow early entrants in the first several years to get in at low cost, so the coin can hopefully be more widespread and effective as a currency. darkcoin (the coin you're primarily a proponent of based on your comment history) had a huge instamine, and then hard forked to change emission, so that almost 35% of the current coin supply (and almost 10% of the total coin supply) was mined in the first eight hours of the coin's life, then rewards were drastically reduced by hardfork. To be fair, vertcoin had it's own issues with instamine, likely due to poor difficulty retargeting when the hashrate was rapidly rising after the coin's release, resulting in 600k vtc being created in ~30 hours, but this is only about 5% of the current coin supply, and less than 1% of the total coin supply. vertcoin, however, didn't hardfork to reward the first day's miners (i.e., the dev(s)) with almost 35% of the current coin supply, like darkcoin did, giving themself/themselves an effective 10% premine. |
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Maybe I misunderstood something, but this quote from "eduffield" seem to say otherwise (That the transaction is routed/transmitted through the masternodes) These nodes are the foundation of DarkSend, all transactions will be routed through these nodes. Source : https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/EDIT: Even in the DRK-Wiki it says: Masternodes are network nodes, owned by the users of Darkcoin network. They perform the coin mixing service of DarkSend which anonymizes transactions. A post from 8 months ago - lol....The masternodes do not transmit money or coin of any kind. Masternode operators cannot be implicated with any money laundering what so ever. If the masternodes don't coordinate the mixing process, what purpose do they have then?  |
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I might be wrong, but hanging to one word in the post leads to missing the point of all the post.
I think you're the one who is missing the point - you can't speak for everyone based on your own feelings. Just tried to make a point that in these times the strength of a community comes to question.
In this case it seems that there is no wish of the community/devs to solve the mintpal issue internally.
It has been solved in other communities, and other cases similar to this one have been solved internally.
Yea, like when the bitcoin community repaid all the people who lost money in the mt.gox fiasco...oh yea that never happened. What are you talking about? What are we all supposed to pour money into a fund because some unwise/inexperienced people left their entire holdings on an exchange wallet - an exchange that was hacked for a huge amount of vericoin only a couple of months ago and then was bought out recently by an unsavory character? What exactly do mean solve the issue internally, and which other communities have done this? Can you be more specific or show some examples? So why should anyone who lost all his/her coins would like to buy coins now when he/she was left alone?
What do mean left alone? That we should all pay for other people's mistakes? And what example is it to new potential investors?
First rule of cryptoclub is don't talk about cryptocl...err, I mean, don't leave all your coins on exchanges, and especially don't leave them all on one single exchange that was recently hacked and is now being taken over by a shady person with a fake name. Pretty good example imo. |
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I've lost something like 100K (bought at 400  ). Exactly the same here! 119k MYR@~400 ... Byebye. Myriad will be among the Top 10 crypto, price will rise steadily after block halvation, and you're giving up now because you lost ~0.04 btc? You can mine if you don't have money to buy with. There's still time to get on board. You forget one important thing - everyone who lost coins for mintpal won't come back to this community. Like everytime something like this happens and not solved within the community - it breaks it apart. So this is another unfortunate stab in the coin's heart and another step on the way to dying. It is a pitty, but this is how it is. You may be right for a few or possibly a majority of people, I'm sure you have no idea and neither do I, but I personally know several people who lost coins on mintpal and are still active in the myriadcoin community, so you are certainly incorrect when you say, "everyone who lost coins..." |
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Your proposual I registered #crytponotes on freenode, but it's just me there now. I plan to use it to test a monero irc tipbot I'm getting started on, but you're welcome to join me is the exact contradiction of - What are the biggest hurdles we need to overcome before CN will reign?
Pools must stop sending TX every single block to lower the dust transactions and the weight of the blockchain. Tipbot == dust on the blockchain. You're right, we should just all stop sending tx to anyone ever at anytime, so we don't pollute the blockchain with dust. Seriously though, tipping is generally done off the blockchain, and would be in this case as well; SatoshiDice this ain't. Only deposits and withdrawals will be on the blockchain. |
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#bittrex is a good one for general altcoin chat, besides that I usually lurk in channels for coins I support: #boolberry, #cryptonite, #cryptonotes, #darknote, #monero, #monero-pools, ##myriadcoin, #vertcoin, and also #poloniex and #cryptorush are ok for general coin chat.
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