Why the monero/bitmonero/MRO/BMR/XMR Cripplemined Fastmine matters

[noobtrader]

Monero - Cloning the premined uber-scam "Bytecoin" and avoid scanning the code for fraudulent algorithms
Monero - Insisting on having oh so much integrity yet irresponsibly/willfully shipping a crippled shit-miner to unsuspecting victims/"users"
Monero - Ninjamining an unknown shit-ton of coins within our inner circle through optimized miners while the public gets the crippled one
Monero - The perfect instrument for ninjamining because our CryptoNote-blockchain (aka copycat technology) is opaque
Monero - Projecting our fraud on DASH and yelling "instamine" because no one can see that we are the actual scammers!
Monero - Evan should have chosen CryptoNote for DASH to hide his 5 trillion DASH instamine like we did with our ninjamine!
Monero - Failing to come up with a single innovation of our own and yelling "stop playing the innovation card" when DASH is proven as superior (butthurt)

Monero - Cloning a scam, putting make up on the pig, hoping no one notices

Monero - Too little, too late

Monero -  

Forgot the artificial barrier to entry (to keep noobz out and increase insider sharing) due to the ...cmd-line nature of the coin...

Monero - Cloning a scam, putting make up lipstick on the pig, hoping no one notices

there i fix it for u 

[The Sceptical Chymist]

I wish the two of you would just fuck already and get it over with instead of cluttering up this shit hole with more shit.

Dear god think of the offspring.  Wear protection,  folks.   

[btc_zero_sum]

Honestly I don't understand why you guys (Smooth, generalizethis, icebreaker, etc. ) pay so much attention to these morons.

man, it's easy!

what would you do if you get a few monero for every troll post? you would post endlessly, 24/7, more posts = $$$

it's not about personality, it's not about passion for code or math or whatever, it's about cash

and it's clear that there is 1/2 people behind 15 accounts, pay close attention to the writing style

[noobtrader]

Honestly I don't understand why you guys (Smooth, generalizethis, icebreaker, etc. ) pay so much attention to these morons.

what would you do if you get a few monero for every troll post? you would post endlessly, 24/7, more posts = $$$

i dont think monero inflation has enough coin to pay all those troll

maybe i was wrong... hummm...

[noobtrader]

Honestly I don't understand why you guys (Smooth, generalizethis, icebreaker, etc. ) pay so much attention to these morons.

what would you do if you get a few monero for every troll post? you would post endlessly, 24/7, more posts = $$$

i dont think monero inflation has enough coin to pay all those troll

maybe i was wrong... hummm...

I guess when you have hidden ledgers with hidden coin, you can have as much 'money' as you choose........

but monero was never been a scam, it was awesomely honestly mined by the dev and their super duper enhanced miner. that is it, or have i been wrong again

[MasterMined710]

how many bitmonero, bmr, mro, xmr monero were mined the first 3 months? 

[smooth]

how many bitmonero, bmr, mro, xmr monero were mined the first 3 months? 

Why don't you check a block explorer? Or you could estimate from the published emission curve. Since difficulty adjustment worked properly, the latter is pretty close.

[iCEBREAKER]

how many monero were mined the first 3 months? 

In the first 3 months, exactly as many xmr were mined as mathematically specified by the reward algorithm.

That's what all honest, competently tested, and fairly launched coins do (in glaring contrast to Dash's massive "accidental" instamine and subsequent drastic emission cut).

[ArticMine]

how many monero were mined the first 3 months?  

In the first 3 months, exactly as many xmr were mined as mathematically specified by the reward algorithm.

That's what all honest, competently tested, and fairly launched coins do (in glaring contrast to Dash's massive "accidental" instamine and subsequent drastic emission cut).

Actually it is somewhat less because of the adaptive blocksize limit penalty function, which makes the actual reward dependent on changes in the blocksize.

Edit: Take block 10019 for example. https://minergate.com/blockchain/xmr/block/100019. The actual coins emitted are less than the base reward because of the penalty. This slows the emission down by a very slight amount. If one compares the actual emission with the emission calculated from the reward algorithm alone one will notice a systematic effect of a slightly lower actual emission rate.

[smooth]

how many monero were mined the first 3 months? 

In the first 3 months, exactly as many xmr were mined as mathematically specified by the reward algorithm.

That's what all honest, competently tested, and fairly launched coins do (in glaring contrast to Dash's massive "accidental" instamine and subsequent drastic emission cut).

"Exactly" is a bit extreme. There are always some variations due to random block production and other details (hash rate adjustment isn't perfectly instantaneous, etc.). The point is it was damn close.

[AlexGR]

The right question is who was able to mine at multiple efficiency compared to ordinary (crippled) miners... Who was gaining disproportionate amount of coins due to the cripplemine.

[smooth]

The right question is who was able to mine at multiple efficiency compared to ordinary (crippled) miners... Who was gaining disproportionate amount of coins due to the cripplemine.

That is one question but the total amount of coins mined during the time period in question is also certainly relevant as an upper bound and is objective.

Also relevant that the emission was not later reduced as some wanted to do, which would have magnified the effect of any early irregularities.

[AlexGR]

Another question is how much was the size of the financial scam for those buying the non-cripple-mined coins (or those generating cripple mined coins).

It's one thing if mined coins cost 0.000001 BTC and another if they cost 0.1 BTC.

[iCEBREAKER]

The right question is who was able to mine at multiple efficiency compared to ordinary (crippled) miners... Who was gaining disproportionate amount of coins due to the cripplemine.

The existence of customized private miners does not imply the public ones are "crippled."

Using public software, I had no problem pool mining very early XMR on Vultr VPS and solo mining on some laptops.  I still have the solved blocks sitting in their wallets, so I can prove the previous claim (unlike Duffield's dubious claim his instamine was "accidental").

All your bluster about "zomg cripplemine" is an attempt to create and appeal to supposed hypocrisy of those taking notice and making public warnings about Dash's instamine and subsequent radical emission slashing.

Appeal to hypocrisy is a logical fallacy, but we all know the DashHoles of the Evan's Gate cargo cult don't care about such trivial details of rational thought.

[smooth]

Another question is how much was the size of the financial scam for those buying the non-cripple-mined coins (or those generating cripple mined coins).

It's one thing if mined coins cost 0.000001 BTC and another if they cost 0.1 BTC.

dga posted that they spent $100K+ per month on their mining operation. I have no reason to doubt it.

Very early mined coins (a relatively small number of them, due to the well-behaved emission curve) were very cheap, of course, no different than any other new and relatively unknown coin. iCEBREAKER just posted about mining blocks using the public miner on a $5 VPS, I did the same on my own equipment, etc.

[iCEBREAKER]

how many monero were mined the first 3 months?  

In the first 3 months, exactly as many xmr were mined as mathematically specified by the reward algorithm.

That's what all honest, competently tested, and fairly launched coins do (in glaring contrast to Dash's massive "accidental" instamine and subsequent drastic emission cut).

Actually it is somewhat less because of the adaptive blocksize limit penalty function, which makes the actual reward dependent on changes in the blocksize.

Edit: Take block 10019 for example. https://minergate.com/blockchain/xmr/block/100019. The actual coins emitted are less than the base reward because of the penalty. This slows the emission down by a very slight amount. If one compares the actual emission with the emission calculated from the reward algorithm alone one will notice a systematic effect of a slightly lower actual emission rate.

I was using the term "reward algorithm" in the broad sense, which includes the penalty function.

If I intended to exclude penalty function, I would have said "reward schedule" instead.

You could also complain I didn't explicitly account for the block spacing compression effect from rising hashrate, but I think it's obvious my statement was made ceteris parabus (a neat Latin phrase that means "while waving your hands" and also ameliorates smooth's niggling over variance).

[Spoetnik]

The right question is who was able to mine at multiple efficiency compared to ordinary (crippled) miners... Who was gaining disproportionate amount of coins due to the cripplemine.

The existence of customized private miners does not imply the public ones are "crippled."
...

No implication needed.. it's unfair and we all know it (no matter who does it)
You guys know that line is a complete crock of shit.

It speaks volumes you would go even further than down playing it but saying it's not even a problem.

Pure Retarded .

Disclaimer:
I have never had nor will i any Dash or Monero coins.
I offer my observations + opinions objectively.

[btc_zero_sum]

The existence of customized private miners does not imply the public ones are "crippled."

congratulation!

with a single line you just invalidated your ~1200 troll posts

you are complete nonsense

[iCEBREAKER]

The existence of customized private miners does not imply the public ones are "crippled."

congratulation!

with a single line you just invalidated your ~1200 troll posts

you are complete nonsense

Miners use souped-up versions of cgminer.

Therefor, plain vanilla cgminer is crippled and CK is a scammer.

[/your especially stupid kind of fake logic]

Let me guess, you also believe Bitcoin was instamined, because only Satoshi and a couple of others cared to mine the very early blocks....   

[smooth]

The existence of customized private miners does not imply the public ones are "crippled."

congratulation!

with a single line you just invalidated your ~1200 troll posts

you are complete nonsense

Miners use souped-up versions of cgminer.

Therefor, plain vanilla cgminer is crippled and CK is a scammer.

[/your especially stupid kind of fake logic]

Let me guess, you also believe Bitcoin was instamined, because only Satoshi and a couple of others cared to mine the very early blocks....   

Oh that myth, the one always dragged out by instaminers who want to throw up the "but Bitcoin" defense (which would still be nonsense even if it were true). Should really be added to "Lies Instaminers Tell Themselves" thread.

1. Satoshi mined almost alone from 1/3/2009 to 1/25/2010 (block 0 to block 36288).

He did not. I mined during that time— so did many other people I've talked to. As you're probably aware the original software mined _very_ slowly, and contemporary hardware was slow. Heck even a fairly current machine with state of the art software can just barely do enough hashrate for difficulty 1. (and god, before more handout requests come: Bitcoin was worthless then, the software was annoying windows-gui only— I ran it in wine+vncserver, and I didn't keep my original wallet)