[ANN] [POW] [MSR] Masari - simple, scalable, and secure cryptocurrency

[Oren4000]

I have an old Masari wallet from version 0.1.2. I tried opening it in v0.2.0 but I encountered the following message:

Wallet file name (or Ctrl-C to quit): wallet
Wallet and key files found, loading...
Wallet password:
Error: failed to load wallet: std::bad_alloc

I noticed the wallet client created a wallet.unportable file.

Is there a way to open or migrate my old wallet to the new v0.20 version? Thanks.

[Honey989]

All you need to know about Masari: https://medium.com/@officialmasari/introtomasari-8519598168a0

[MoonThenLambo]

I have an old Masari wallet from version 0.1.2. I tried opening it in v0.2.0 but I encountered the following message:

Wallet file name (or Ctrl-C to quit): wallet
Wallet and key files found, loading...
Wallet password:
Error: failed to load wallet: std::bad_alloc

I noticed the wallet client created a wallet.unportable file.

Is there a way to open or migrate my old wallet to the new v0.20 version? Thanks.

IMO, you'd be best to restore from seed.

1. If you haven't already, note your seed within old wallet (command = seed)
2. Close wallet
3. Put v0.2.0 in a new location
4. Open up CMD and go to the new cli directory
5. Run: masari-wallet-cli --restore-deterministic-wallet
6. Follow instructions and paste your seed when asked.

[kalleea]

Coinmarketcap here we come! Masari just hit 100k daily trade volume. See you guys at the dance! 

Now it's listed but still waiting to see all the data.

[Nina-coin]

Hello everyone! I carefully studied the technical documentation of the project, but could not understand: does the developer plans to use the resistance ASIC? If the answer is Yes - please give a link to this information

[Sgsg666]

What algorithm are you guys going to fork to? Hope it is CN-heavy way better than CNv7. Im also wondering how you guys going to compete with other coins such as Haven protocol theyre catching up in terms of demand, market cap already doubled.

[JeuTheIdit]

What algorithm are you guys going to fork to? Hope it is CN-heavy way better than CNv7. Im also wondering how you guys going to compete with other coins such as Haven protocol theyre catching up in terms of demand, market cap already doubled.

Masari is implementing CN-v7.  Just curious, how is CN-heavy better?

For newer users that need guidance on what to do to prepare for the fork, I have posted a guide on /r/Masari similar to what Monero did:
https://www.reddit.com/r/masari/comments/8epxdt/masari_hard_fork_v5_download_links_instructions/

[Oren4000]

I have an old Masari wallet from version 0.1.2. I tried opening it in v0.2.0 but I encountered the following message:

Wallet file name (or Ctrl-C to quit): wallet
Wallet and key files found, loading...
Wallet password:
Error: failed to load wallet: std::bad_alloc

I noticed the wallet client created a wallet.unportable file.

Is there a way to open or migrate my old wallet to the new v0.20 version? Thanks.

IMO, you'd be best to restore from seed.

1. If you haven't already, note your seed within old wallet (command = seed)
2. Close wallet
3. Put v0.2.0 in a new location
4. Open up CMD and go to the new cli directory
5. Run: masari-wallet-cli --restore-deterministic-wallet
6. Follow instructions and paste your seed when asked.

Thank you for your help. I downloaded the v0.2 wallet again and started from scratch by deleting the database files in the ProgramData/masari folder. After masarid.exe finished syncing, I copied my wallet and wallet.keys files from backup and started masari-wallet-cli.exe. This time, loading the wallet was successful and synced properly. I can see my old coins again.  Thanks for taking time to reply to my inquiry and for that important info on how to create the seed using the cli wallet.

I remember last year when it was so easy mining Masari. If only I allocated a few days of mining Masari with my mining rigs, I could have gotten a couple of thousands. Instead, I put only a few old 750 ti cards to mine it. I have regretted that decision. If Masari hits $20, I'll say those 750ti cards did a very good job. Masari reminds me today that playing the long game on promising coins can yield good profits.

[TacoBond]

Officially listed on Coinmarketcap. Congrats Thaer! You could almost make a novel out of this announcement thread. Just an amazing journey Masari Coin has been through the last 7 months. Everyday it's something new for this project.

https://coinmarketcap.com/currencies/masari/

[liafloor]

nexxt weeks price is going up, in contrast to the majority of other alts. That's nice.

Amazing coin! She is so young, but already so successful! This is the best investment this year. I wonder how much Massari will cost at the end of the year?  5, 10 or even $ 50?

[nanona]

For those waiting for a good time to fill their bags: Since a couple of hours we have what must be the dumbest seller on tradeogre. Instead of placing asks and waiting that they get filled in what is clearly a seller's market, he/she is dumping into every bid (which is naturally quite low since there are no bots yet which keep the spread tight, losing 20-25% on every sale). The guy will run out of coins soon (I guess a miner without clue how an exchange works). This means you can get them at 14-15k now, instead of 18k. Once he is done, I'll paint the curve again nicely upwards like in the past three days

EDIT: I thought for a moment he has already run dry since we went to 18k again. But he is still there dumping regularly into 15k bids. Place bids and save 3k per coin before he runs dry or finds out how this thing actually works  

EDIT: He is still there, giving coins away at >10% discount  

[dukica]

He's still there Enjoy free coins

[Freeheek]

Great times ahead. More and more people joining the telegram. Welcome all!!

[boomboombazookajeff]

nexxt weeks price is going up, in contrast to the majority of other alts. That's nice.

Amazing coin! She is so young, but already so successful! This is the best investment this year. I wonder how much Massari will cost at the end of the year?  5, 10 or even $ 50?

Its one of the only coins with actual privacy since it is forked from Monero. When the other changes Thaer has proposed become integrated (blocktree sharding, uncle mining, etc.), there is no reason to think your last number cannot be met. There isn't much competition that is actually private.

[DuffyDuck1]

Great coin, spectacular ride in the last few days.

[Freeheek]

For those waiting for a good time to fill their bags: Since a couple of hours we have what must be the dumbest seller on tradeogre. Instead of placing asks and waiting that they get filled in what is clearly a seller's market, he/she is dumping into every bid (which is naturally quite low since there are no bots yet which keep the spread tight, losing 20-25% on every sale). The guy will run out of coins soon (I guess a miner without clue how an exchange works). This means you can get them at 14-15k now, instead of 18k. Once he is done, I'll paint the curve again nicely upwards like in the past three days

EDIT: I thought for a moment he has already run dry since we went to 18k again. But he is still there dumping regularly into 15k bids. Place bids and save 3k per coin before he runs dry or finds out how this thing actually works  

EDIT: He is still there, giving coins away at >10% discount  

https://i.imgur.com/wpJukyA.jpg

https://i.imgur.com/Nebp5Ij.jpg

He is still doing this it seems to. Maybe it's an asic miner? anyway price comes back very quick after his low sells.

[shuxin9]

Wallet that can't sync:
2018-04-26 15:40:18.183 [P2P7]  WARN    net.dns src/common/dns_utils.cpp:487    WARNING: no two valid MasariPulse DNS checkpoint records were received

How to do this?

[nanona]

Any thought to the idea that this coin has been pumped by the ASIC miners so they can get some profit from it?

Only thing mining it is ASICs right now.

I guess I'm thinking: is it time to sell?

Enter the hashrate of a CN ASIC into the revenue estimate in the pool and consider their power usage and you will quickly notice that ASIC miners currently have way higher daily profits than GPU miners ever had previously.
Example: The Bitmain Antminer X3 is advertized as having 220kH/s at 550W. One such miner would earn 50 MSR/day today. At today's MSR price and considering the 13kWh of power used per day, this means a huge profit.
If only some of these short-lived ASIC miners are currently immediately selling their cheaply mined coins (to recover their risky investment), this means the price is currently rather suppressed by them.

With the March 1st HF they will be jobless on the Masari chain. GPU miners (3-9kH/s per 550W?) will take over again and production cost per coin will surge. Which also implies that price will surge because GPU miners will not sell as cheap as ASIC miners sell now.

Yes, I have considered that the total network hashrate will drop in 5 days but the drop in hashing efficiency per unit of electricity from ASIC to GPU will be even bigger, hence GPU miners will produce coins at higher costs than ASIC miners do today.

EDIT: Just to be clear, in case someone new to Masari is wondering. The influx of ASIC miners in the past couple of weeks did not result in a higher daily coin emission, since the difficulty adjustment algorithm (DAA) in Masari is the best in the entire crypto space (okay, maybe Iridium IRD has a slightly better one, an even newer version of zawy's DAA). There was therefore no instamining by ASICs like we could see in certain other CryptoNote coins which have just the very poor original/outdated DAA. A powerful and responsive DAA like in Masari means that the coin emission curve is enforced at all times and no miner no matter how powerful can trigger a temporary hyperinflation.

[pawelsalsa45]

Any thought to the idea that this coin has been pumped by the ASIC miners so they can get some profit from it?

Only thing mining it is ASICs right now.

I guess I'm thinking: is it time to sell?

Enter the hashrate of a CN ASIC into the revenue estimate in the pool and consider their power usage and you will quickly notice that ASIC miners currently have way higher daily profits than GPU miners ever had previously.
Example: The Bitmain Antminer X3 is advertized as having 220kH/s at 550W. One such miner would earn 50 MSR/day today. At today's MSR price and considering the 13kWh of power used per day, this means a huge profit.
If only some of these short-lived ASIC miners are currently immediately selling their cheaply mined coins (to recover their risky investment), this means the price is currently rather suppressed by them.

With the March 1st HF they will be jobless on the Masari chain. GPU miners (3-9kH/s per 550W?) will take over again and production cost per coin will surge. Which also implies that price will surge because GPU miners will not sell as cheap as ASIC miners sell now.

Yes, I have considered that the total network hashrate will drop in 5 days but the drop in hashing efficiency per unit of electricity from ASIC to GPU will be even bigger, hence GPU miners will produce coins at higher costs than ASIC miners do today.

EDIT: Just to be clear, in case someone new to Masari is wondering. The influx of ASIC miners in the past couple of weeks did not result in a higher daily coin emission, since the difficulty adjustment algorithm (DAA) in Masari is the best in the entire crypto space (okay, maybe Iridium IRD has a slightly better one, an even newer version of zawy's DAA). There was therefore no instamining by ASICs like we could see in certain other CryptoNote coins which have just the very poor original/outdated DAA. A powerful and responsive DAA like in Masari means that the coin emission curve is enforced at all times and no miner no matter how powerful can trigger a temporary hyperinflation.

Hi friends. Is there any way to check the profitability of Masari versus different hashrate or graphic cards, online? Thank you for answer!

[nanona]

Hi friends. Is there any way to check the profitability of Masari versus different hashrate or graphic cards, online? Thank you for answer!

At the moment it is not profitable to mine with any CPU/GPU, at all. These will be back in the game when the ASICs will get forked out on May 1st (of course not March as I wrote before, obviously).