[ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts

[Dr.Lecter]

hi there,
Intense coin (cryptonight) got attack. Do you think Dero will be affected?  

[valgandar]

hi there,
Intense coin (cryptonight) got attack. Do you think Dero will be affected?  

Dero was attacked 3 times last month. All the 3 attempts failed.

[krypt0id]

hi there,
Intense coin (cryptonight) got attack. Do you think Dero will be affected?  

Dero was attacked 3 times last month. All the 3 attempts failed.

I have to agree, dero devs even openly invited attacks. None have succeeded.

[air133]

Any news about resist to ASIC and fork?
A dont wont mining witch asic, it is not profit(

[MagicSmoker]

While the attacks against DERO seemed to have failed (so far), the recent attack against ITNS resulted in shutting down mining completely and moving the date of their hard fork to Cryptonight v7 (ie - same as XMR) up to April 21.

Consequently, there is 1 less coin that is still running the original CN algo, and those ASICs haven't been turned into boat anchors and doorstoppers just yet...

EDIT - I just checked the price of DERO and see it has gone down dramatically over the last few days, and I can't help but suspect it is ASIC miners dumping their coins as fast as they mine them at whatever price the can get.

[air133]

Asic kill DERO!
STOP ASIC!

[Fast_cris]

Asic kill DERO!
STOP ASIC!

Yes... i agree...

[cpmcgrat]

I like the DERO project a lot but I've stumbled upon ZenCash recently and it seems there are some similarities. The issue I see with ZenCash is that anonymous transactions are not forced, which could be a good or a bad thing, and that it needs a trusted setup for anonymous transactions.
Even though I like both, I hope DERO will surpass ZenCash.

There's really no similarities between the two. While I am both heavily invested in ZenCash as well, I'm in both because they're both very promising for different reasons. Honestly, Dero feels a lot like the very early stages of ZenCash (back when Rolf was involved with Zclassic before the fork). Young tech, very promising, solid execution. That is why I moved a substantial portion of my hashpower off ZenCash and into Dero (now back off though because ASICs destroyed my profitability).

[godsort]

Asic kill DERO!
STOP ASIC!

Yes... i agree...

agree + 1 , a lot of cryptnote coin change their alg to avoid ASIC. For coin like dero with strong community, the coin price should not keep going down........

Really Really want to know how dev team think on ASIC.......

[krypt0id]

I like the DERO project a lot but I've stumbled upon ZenCash recently and it seems there are some similarities. The issue I see with ZenCash is that anonymous transactions are not forced, which could be a good or a bad thing, and that it needs a trusted setup for anonymous transactions.
Even though I like both, I hope DERO will surpass ZenCash.

ZenCash? But what does ZenCash have to do with Dero? They're completely different. ZenCash isn't even CryptoNote based.

"trade with extreme caution" tag should be a hint about the caliber of user that you are dealing with.

What does my status have to do with the topic at hand? It tells nothing.
What I meant was for example SSL/TLS encryption. They aim to become scalable and have fast transactions in the future. To have smart contracts (albeit outsourced to another blockchain, for example ARK) and an ecosystem. I know that ZenCash uses zk-SNARKs. Of course there are severe differences, too. But for the normal user who doesn't care about the details they might seem similar. Maybe.
For the record, I wasn't attacking DERO. The team is highly sophisticated, dedicated and determined. I like DERO. No ulterior motives or ill intentions here.
If anything I said is incorrect, please feel free to refute it or say nothing at all instead of using an ad hominem attack. OK?

I don't have a desire to get into a debate with you and I am not going to say "nothing at all". Have fun, big guy.

[fellestreum]

I am having some issues with the wallet.  First attempt switching over to new Golang wallet.  The daemon is synced (though with warning messages about TX rejected due to low fees - I assume I can ignore these messages?) but the wallet is unable to sync and just crashes after a partial sync with partial balance at 33246/62895:

unexpected fault address 0x38c1040

fatal error: fault
[signal 0xc0000005 code=0x0 addr=0x38c1040 pc=0x6a67a8]

followed by a bunch of stuff I can copy and paste into a PM if necessary.

[CaptDero]

I am having some issues with the wallet.  First attempt switching over to new Golang wallet.  The daemon is synced (though with warning messages about TX rejected due to low fees - I assume I can ignore these messages?) but the wallet is unable to sync and just crashes after a partial sync with partial balance at 33246/62895:

unexpected fault address 0x38c1040

fatal error: fault
[signal 0xc0000005 code=0x0 addr=0x38c1040 pc=0x6a67a8]

followed by a bunch of stuff I can copy and paste into a PM if necessary.

Pls PM and also send the wallet logs created in same directory(upload somewhere and PM link).
Also include details of OS/arch and output of version command.

[CaptDero]

                                                       

How to start using Dero                Downloads                Whitepaper                Support     

About DERO 

The Dero Project has written a unique new blockchain technology that is based on the CryptoNote protocol. Dero's goal is to create a unique state of the art blockchain technology with enhanced reliability, privacy, security, usability, and portability by bringing together some of the best proven technologies like the CryptoNote protocol and smart contracts, thereby allowing for the creation of truly private smart contracts.

The Dero development team has implemented complete SSL across the Dero network which is a first on any blockchain. This encrypts the entirety of our network traffic, which greatly reduces our attack surface, while simultaneously preventing ISPs or other users from analyzing Dero’s network traffic.

Dero's Key Features 

• DERO is a completely new and unique CryptoNote blockchain written in Golang
• DERO is the first blockchain to have complete SSL in the P2P layer
• DERO will be the first CryptoNote blockchain to have 500 transactions per second on its native blockchain without any lightning networks, validators or off-blockchain solutions
• DERO will be first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains
• CryptoNote privacy
• Smart contracts
• Atomic swaps
• Mobile and offline wallets
• Lightweight wallets
• Shadow address
• Escrow services on the blockchain
• Address signing and certifying
• Voting on a private blockchain

About The Developers 

There are three developers working on the Dero Project who have been working the field of cryptography and blockchain development as a team for more than a decade. Dero's research and development team are devoted full time to the project, and can often be found in our Slack channel. For now, the development team are choosing to retain their privacy until the Dero Project incorporates.

Dero Specifications 

 

• Proof-of-work (PoW) algorithm: CryptoNight
• Max supply: 18.4 million for the first 8 years followed by an infinite emission rate after year 8 of ~157,000 DERO/year
• Block reward: Smoothly varying
• Block time: 120 seconds
• Difficulty: Retargets at every block
• Ticker: DERO

Dero's Roadmap 

 

• Q1/2018 - Dero's new unique blockchain written and full Activation. - Completed ahead of schedule with the extra addition of complete SSL across Dero's network
• Q2/2018 - Record CryptoNote TX/sec, GUI wallets, sub addresses, atomic swaps, and smart contract testing.
• Q3/2018 - Smart contract support on chain. Q3 2018.
• Q4/2018 - Strategic market expansion, team growth, and more (coming soon).

Dero Related Links 

Resource Links   

WEBSITE: https://dero.io/
FORUM: https://forum.dero.io/
EXPLORER: https://explorer.dero.io
POOL LIST: https://forum.dero.io/t/dero-mining-pool-list/147
OFFICIAL POOL: http://pool.dero.live/
BINARIES: http://seeds.dero.io/alpha/

Exchanges & Stats:
EXCHANGE: https://stocks.exchange/trade/DERO/BTC
EXCHANGE: https://www.southxchange.com/Balance/Index/DERO
Stats: https://coinlib.io/coin/DERO/DERO
Stats: https://coincodex.com/crypto/dero/
Stats: https://www.difficultychart.com/dero
Stats: https://www.cryptunit.com/coin/DERO

Articles and Media Content 

Dero: A new blockchain technology that brings CryptoNote privacy together with smart contracts.


Shifting from alpha to beta: CryptoNote with smart contracts

[fellestreum]

Been getting "Result rejected by the pool" across all my miners, and "SOCKET ERROR - your IP is banned" on one of them (but only one).  This has been going on a while - have endless screenfuls of these messages - seems I have been burning through electricity for nothing.

Have now stopped and restarted the miners, and the problem seems to have gone away, for now.  There have been no recent config or miner changes.  What could cause this to happen all of a sudden, and then go away as mysteriously as it came?

[MagicSmoker]

Been getting "Result rejected by the pool" across all my miners, and "SOCKET ERROR - your IP is banned" on one of them (but only one).  This has been going on a while - have endless screenfuls of these messages - seems I have been burning through electricity for nothing.

Have now stopped and restarted the miners, and the problem seems to have gone away, for now.  There have been no recent config or miner changes.  What could cause this to happen all of a sudden, and then go away as mysteriously as it came?

Is this with xmr-stak? If so, it happens to me occasionally, but only when mining DERO for some reason. Just like for you stopping and restarting the miners (after the requisite 10 minute ban passes) solves the problem.

[danktron]

Been getting "Result rejected by the pool" across all my miners, and "SOCKET ERROR - your IP is banned" on one of them (but only one).  This has been going on a while - have endless screenfuls of these messages - seems I have been burning through electricity for nothing.

Have now stopped and restarted the miners, and the problem seems to have gone away, for now.  There have been no recent config or miner changes.  What could cause this to happen all of a sudden, and then go away as mysteriously as it came?

Is this with xmr-stak? If so, it happens to me occasionally, but only when mining DERO for some reason. Just like for you stopping and restarting the miners (after the requisite 10 minute ban passes) solves the problem.

If you are using vardiff, the base diff was increased to prevent webminers. Try fixed diff.

Edit:  In case you need the fixed diff calculation, it is [ hashrate x 30 ] and in xmr-stak you can set up fixed diff like so:  WalletAddress.Difficulty+WorkerName (Official Pool)

[gnulinuxkernel]

 ::)difficulty of monero hashrate is 515MH for 220$ price. DERO Difficulty 40MH for 49cents price. It's about 10X time bigger then it need to be. 6-8MH is a maximum hashrate for Dero, Developers work hard, i know. Now i switch to mode "invest step by step". GPU mining died this day, this is hard work to develop anti-asic resist, will waiting. Don't panic, DERO is a long-term project, nothing scared happened now, hope soon all would done and hashrate come back to 6-8-10MH.

[fellestreum]

::)difficulty of monero hashrate is 515MH for 220$ price. DERO Difficulty 40MH for 49cents price. It's about 10X time bigger then it need to be. 6-8MH is a maximum hashrate for Dero, Developers work hard, i know. Now i switch to mode "invest step by step". GPU mining died this day, this is hard work to develop anti-asic resist, will waiting. Don't panic, DERO is a long-term project, nothing scared happened now, hope soon all would done and hashrate come back to 6-8-10MH.

Here's a question.  Although I am not sure you are correct to compare hashrates and raw price directly quite like this, I agree difficulty for Dero is very high.  But why is this?  Shouldn't market forces ensure that the difficulty for each coin is about right, in terms of capital expenditure and energy costs for mining each coin?  Perhaps the reason is that the market thinks that the *potential* for Dero is higher than other coins, therefore justifying a higher current difficulty than for other comparable coins based on their *current* market price?

[fellestreum]

Been getting "Result rejected by the pool" across all my miners, and "SOCKET ERROR - your IP is banned" on one of them (but only one).  This has been going on a while - have endless screenfuls of these messages - seems I have been burning through electricity for nothing.

Have now stopped and restarted the miners, and the problem seems to have gone away, for now.  There have been no recent config or miner changes.  What could cause this to happen all of a sudden, and then go away as mysteriously as it came?

Is this with xmr-stak? If so, it happens to me occasionally, but only when mining DERO for some reason. Just like for you stopping and restarting the miners (after the requisite 10 minute ban passes) solves the problem.

If you are using vardiff, the base diff was increased to prevent webminers. Try fixed diff.

Edit:  In case you need the fixed diff calculation, it is [ hashrate x 30 ] and in xmr-stak you can set up fixed diff like so:  WalletAddress.Difficulty+WorkerName (Official Pool)

Thanks for these answers.  I realised that I am using a quite-out-of-date version of xmr-stak so I've upgraded to the latest version (published 12 hours ago) and am trying that.  If I still run into problems I'll try using fixed hashrate.

EDIT: I am using fixed hashrate anyway.  Seems like a good idea.  Latest versions of xmr-stak give you web access to your miners which is very nice for monitoring.

[fellestreum]

::)difficulty of monero hashrate is 515MH for 220$ price. DERO Difficulty 40MH for 49cents price. It's about 10X time bigger then it need to be. 6-8MH is a maximum hashrate for Dero, Developers work hard, i know. Now i switch to mode "invest step by step". GPU mining died this day, this is hard work to develop anti-asic resist, will waiting. Don't panic, DERO is a long-term project, nothing scared happened now, hope soon all would done and hashrate come back to 6-8-10MH.

Here's a question.  Although I am not sure you are correct to compare hashrates and raw price directly quite like this, I agree difficulty for Dero is very high.  But why is this?  Shouldn't market forces ensure that the difficulty for each coin is about right, in terms of capital expenditure and energy costs for mining each coin?  Perhaps the reason is that the market thinks that the *potential* for Dero is higher than other coins, therefore justifying a higher current difficulty than for other comparable coins based on their *current* market price?

Possibly in partial answer to my own question, perhaps asics are dumping on Dero more than other coins because Dero is still using an asic-compatible POW version, whereas many other coins have changed their POW to try to defeat ASICs.  But I don't know.