Globee07
Member
Activity: 397
Merit: 11
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February 14, 2018, 11:52:04 PM |
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Just started mining this coin for profits, but after researching it a bit I am not even sure now if I even want to sell any of the mined coins now :d  |
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sundownz
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February 14, 2018, 11:55:32 PM |
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Just started mining this coin for profits, but after researching it a bit I am not even sure now if I even want to sell any of the mined coins now :d Been mining since August... haven't sold any meaningful amount of what I've mined. |
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ThePigwee
Member
Activity: 181
Merit: 46
Lethean COO
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February 14, 2018, 11:56:19 PM |
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Just started mining this coin for profits, but after researching it a bit I am not even sure now if I even want to sell any of the mined coins now :d Glad to have you as part of the community! Feel free to reach out if you need anything. |
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valiant1
Full Member
Activity: 218
Merit: 121
Lethean Developer
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February 15, 2018, 06:49:20 AM |
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Hi, Dev!!! Please, publish the tracking key for the wallet that holds the premine.  Unfortunately a tracking (or view) key only shows incoming transactions, so it's not super useful. The premine wallets only have 1-2 incoming TXs. I've inquired with our security lead (Vlad) to determine a smart and secure way to demonstrate that these funds are intact. I'll follow up after I hear from him. Also, forgot to mention above, the pool was updated yesterday: The pool software was upgraded and improved to be better, faster and stronger, which means more blocks! Thanks for your continued support and patience. Issues with disconnects and timeouts should be resolved. Fee reduced to 1.75%. We're in the process of devising a serverless approach to accommodate the new rebase software for a PPLNS pool. I spoke with Vlad and he raised a valid point. Even if we post a screenshot or picture of the premine wallets, since those images can be easily forged, it doesn't really offer any reassurance or create trust. Our goal is to establish and maintain user trust based upon our actions and the products of our work. I know that's probably not the answer you wanted but as with all considerations in this project, we are focused on the long term and big picture. |
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jozsefnevarhelyi
Newbie
Activity: 42
Merit: 0
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February 15, 2018, 08:21:35 AM |
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Thanks for the exact description!  |
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kellog9000
Member
Activity: 224
Merit: 12
Pls Donate Merit :)
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February 15, 2018, 01:20:36 PM |
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Andre100
Newbie
Activity: 128
Merit: 0
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February 15, 2018, 01:55:35 PM |
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proride
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February 15, 2018, 02:33:51 PM |
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kellog9000
Member
Activity: 224
Merit: 12
Pls Donate Merit :)
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February 15, 2018, 03:10:26 PM |
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Sorry it just annoys me.... |
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Neo.Prometheus
Member
Activity: 238
Merit: 11
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February 15, 2018, 03:16:52 PM |
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Many modern cryptocurrencies smell only of high-volatility and a sharp change of value, which has been artificially done with news. This has resulted in the strengthening the nervousness of investors.
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vorpalspear
Jr. Member
Activity: 81
Merit: 1
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February 15, 2018, 03:52:54 PM
Last edit: February 15, 2018, 04:11:33 PM by vorpalspear |
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I own 80 million. But I'm tired of waiting. I just want to give up.  Between you and the premine wallet holders, I don't understand why this coin can't get on a better exchange. Market cap is over 4 million USD, yet I read something from someone on the team complaining that some exchange wanted a whole bitcoin to list ITNS. At the time, btc was 17k. WTF. So what are you people doing!? With 80 million, that is $1 million usd worth. So you must be stacked... I doubt all you're holding is ITNS. Seems you could probably offer an exchange some amount of your holdings to get ITNS listed. Maybe you could even afford Cryptopia. Then the rest of your your ITNS will go up 10x for sure, possibly more. But I guess no exchange is going to let ITNS be listed too cheaply while staring at that 150 million coin premine. EDIT: so 41% of the circulating supply is premined coins. And a single holder has another 22%. Not sure why I've been mining this for so long, except I saw 0% premine on the website, once upon a time, at least I think I did. Should have read the announcement thread, doh. Well, I still believe in the project and am not going to dump my mined coins. But I'll be looking for something else to mine. Profitability has been anemic for a while. |
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Travis726
Newbie
Activity: 102
Merit: 0
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February 15, 2018, 04:08:32 PM |
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he corrected himself in a later post, he really has 80k (or 800k, dont remember). but you do have a point, and I wonder the same all the time. IF a couple whales bought into a couple big exchanges i bet they could profit overall...
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vorpalspear
Jr. Member
Activity: 81
Merit: 1
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February 15, 2018, 04:13:42 PM |
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he corrected himself in a later post, he really has 80k (or 800k, dont remember). but you do have a point, and I wonder the same all the time. IF a couple whales bought into a couple big exchanges i bet they could profit overall...
Ah, OK, that makes more sense. Still, 41% of circulating supply is premined coins. How much of that is the core/dev team still holding? |
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valiant1
Full Member
Activity: 218
Merit: 121
Lethean Developer
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February 15, 2018, 04:36:43 PM |
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In the current scheme of POW crypto, pools are necessary for mining. It's inefficient and cumbersome to have everyone mining solo. Monero has been discussing possible revision of the POW algo to deter ASICs (and NiceHash). We are following this closely and may follow suit if XMR institutes changes. In the meantime there is nothing that can be done. Even if the pools 'ban' NH or do not open difficulty ports to accommodate NH, it's still trivially easy for someone to operate a private pool and point NH at it. |
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vorpalspear
Jr. Member
Activity: 81
Merit: 1
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February 15, 2018, 05:16:38 PM |
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In the current scheme of POW crypto, pools are necessary for mining. It's inefficient and cumbersome to have everyone mining solo. Monero has been discussing possible revision of the POW algo to deter ASICs (and NiceHash). We are following this closely and may follow suit if XMR institutes changes. In the meantime there is nothing that can be done. Even if the pools 'ban' NH or do not open difficulty ports to accommodate NH, it's still trivially easy for someone to operate a private pool and point NH at it. Are ASICs even really possible for this algorithm? At first I didn't believe in anything called "ASIC proof" because I'd seen that turn out to be false too many times before (scrypt, quark, etc etc) but ETHash has been around for a really long time with the first memory-bound algo, and appears to be truly ASIC-proof. And we also have Equihash and other algos that are truly ASIC-proof. So cryptonight relies on L3 cache on the chip.... it seems to me that ASIC producers might have to produce chips that are on the level of technology of Intel/AMD, and I doubt they can compete. Their chips would be costly. Putting cache on a processor is expensive. If you did find some on the market, they'd probably be like these "ASICs" you see that are nothing more than GPU chips and memory in a box, and offer no real advantage over traditional GPUs. But if the Monero leadership is talking about a hard fork to change the algo, there must be either a real threat from ASICs, or they want an excuse to hard fork for some reason(s). |
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pallas
Legendary
Activity: 2716
Merit: 1094
Black Belt Developer
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February 15, 2018, 05:54:05 PM |
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They are trying to scare people so they don't even try ;-)
What if they produce 1000s of chips, then Monero hardforks, changing just one bit in a random place of the algo? Pools and miners adapt quickly, but a chip...
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ThePigwee
Member
Activity: 181
Merit: 46
Lethean COO
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February 15, 2018, 06:24:19 PM |
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zhou2
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February 15, 2018, 07:59:38 PM |
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Great update!  "OVERALL The new daemon, beta wallet and XMR rebase beta (v 1.4.4.0) along with the recent addition of two Internet Rocket Investors to our advisory board are all really encouraging developments for our product line. Coding for the Browser Extension (BE) will begin this week and is occurring simultaneously with the Intense VPN. A couple snags were hit in finalizing the design so we are a bit behind, but still on pace to hit roadmap goals. The internal structures and system required to support the BE will serve a dual purpose for the VPN. We will continue to update you on development!" |
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kepas
Member
Activity: 426
Merit: 11
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February 15, 2018, 08:09:02 PM |
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easy, buddy. it's just a temporary increase. nicehasher mines a short time and the difficulty quickly returns |
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