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Author Topic: [XMC] Monero Classic: The Original Monero decentralised anonymous cryptocurrency  (Read 2288 times)
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MoneroClassicDev
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April 06, 2018, 01:05:16 PM
Last edit: April 06, 2018, 01:32:48 PM by MoneroClassicDev
 #1

https://i.imgur.com/hYhvA4j.png

The main message of Monero classic is that we believe that the developers changing the proof of work creates more centralisation and harms decentralisation.

So understandably people have looked at the situation in Bitcoin where one mining equipment manufacturer caused a lot of chaos on the bitcoin network. Bitmain has been accused of selectively selling their mining equipment to people on condition that they follow the wishes of bitmain. Also bitmain was accused of blocking protocol improvements on the bitcoin network.

Understandably when bitmain announced they have new mining equipment for monero, many people were upset and afraid that bitmain would end up causing chaos and controlling the Minero network. So the developers decided they would change the proof of work every six months in order to prevent ASIC manufacturers from making miners on monero. However this just creates an alternative and more harmful form of centralisation. The Minero developers are saying that they can and will change the consensus rules whenever it suits them and the community seems to be conditioned into following the wishes of the developers.

However with mining there is always competition. we can see this in action because the first people to announce ASIC miners for Monero, was the company Baikal. Then within days Bitmain, and now Halong Mining. So already there are three separate mining equipment manufacturers for this coin. That’s how the consensus mechanism is supposed to work. There is economic incentive to remain honest and follow the most profitable strategy. This is why there are now three separate mining equipment manufacturers for Monero. But instead the developers have a cut short the incentive mechanism by declaring unilateral control over Monero.

Around 80% of the current Monero hash rate agrees with our stance and refuses to follow the POW change. That is why we declare in advance that we will maintain the original software which follows the original rules. We reject centralised developer Control and we believe that’s voluntary participation for both users and miners Will uphold the principles of decentralisation.

Github: https://github.com/moneroclassic
Twitter: https://twitter.com/MoneroClassic/
Telegram chat: https://t.me/moneroclassic
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April 06, 2018, 01:24:59 PM
 #2

ok, so, what algo is XMC - MoneroClassic?

POW? miner & pools available?

iPool.pw
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April 06, 2018, 01:26:50 PM
 #3

Reserved for iPool.pw
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April 06, 2018, 01:27:31 PM
 #4

Now no pool.
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April 06, 2018, 01:29:13 PM
 #5

Isn't Monero Classic sponsored by Bitmain?

StelioKontos
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April 06, 2018, 02:10:49 PM
 #6

Understandably when bitmain announced they have new mining equipment for monero, many people were upset and afraid that bitmain would end up causing chaos and controlling the Minero network. So the developers decided they would change the proof of work every six months in order to prevent ASIC manufacturers from making miners on monero. However this just creates an alternative and more harmful form of centralisation. The Minero developers are saying that they can and will change the consensus rules whenever it suits them and the community seems to be conditioned into following the wishes of the developers.

Minero?  Huh

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April 06, 2018, 02:33:28 PM
 #7

Are there any pool for this coin?
pete 211
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April 06, 2018, 03:16:26 PM
 #8

so what blockhain is legit?

i have seen several groups of XMC

https://i.imgur.com/hYhvA4j.png

The main message of Monero classic is that we believe that the developers changing the proof of work creates more centralisation and harms decentralisation.

So understandably people have looked at the situation in Bitcoin where one mining equipment manufacturer caused a lot of chaos on the bitcoin network. Bitmain has been accused of selectively selling their mining equipment to people on condition that they follow the wishes of bitmain. Also bitmain was accused of blocking protocol improvements on the bitcoin network.

Understandably when bitmain announced they have new mining equipment for monero, many people were upset and afraid that bitmain would end up causing chaos and controlling the Minero network. So the developers decided they would change the proof of work every six months in order to prevent ASIC manufacturers from making miners on monero. However this just creates an alternative and more harmful form of centralisation. The Minero developers are saying that they can and will change the consensus rules whenever it suits them and the community seems to be conditioned into following the wishes of the developers.

However with mining there is always competition. we can see this in action because the first people to announce ASIC miners for Monero, was the company Baikal. Then within days Bitmain, and now Halong Mining. So already there are three separate mining equipment manufacturers for this coin. That’s how the consensus mechanism is supposed to work. There is economic incentive to remain honest and follow the most profitable strategy. This is why there are now three separate mining equipment manufacturers for Monero. But instead the developers have a cut short the incentive mechanism by declaring unilateral control over Monero.

Around 80% of the current Monero hash rate agrees with our stance and refuses to follow the POW change. That is why we declare in advance that we will maintain the original software which follows the original rules. We reject centralised developer Control and we believe that’s voluntary participation for both users and miners Will uphold the principles of decentralisation.

Github: https://github.com/moneroclassic
Twitter: https://twitter.com/MoneroClassic/
Telegram chat: https://t.me/moneroclassic

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April 06, 2018, 03:41:35 PM
 #9

Can we call it MoneroCash instead ? Or MCash  Roll Eyes
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April 06, 2018, 09:25:19 PM
 #10

any airdrop ?
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April 06, 2018, 09:27:11 PM
 #11

You can be as successful as the Ethereum classic. It's hard not to expect higher performance.
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April 06, 2018, 09:37:09 PM
 #12

need more information , now is nothing
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April 06, 2018, 10:19:10 PM
 #13

Around 80% of the current Monero hash rate agrees with our stance and refuses to follow the POW change.

So now 100% of that 80% of ASIC are mining this chain? Awesome, go Minero!
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April 07, 2018, 01:18:18 AM
 #14

Monero Original pool is on Minergate.

Good luck


Best regards


Okane Satoshi

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April 07, 2018, 03:20:30 AM
 #15

Isn't Monero Classic sponsored by Bitmain?



It's pretty obvious it is, just like Psychobitch suggest, they should just go ahead and call it Monero Cash.

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April 07, 2018, 03:26:09 AM
 #16

so another ASIC shit?

Never buy any ICO altcoin.
Never buy any ASIC altcoin.
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April 07, 2018, 05:33:08 PM
Last edit: April 07, 2018, 05:46:33 PM by dlezama
 #17

Antpool had for a few days "Monero", now it has "XMC", so it seems to be one pool for this. A very smelly one Smiley

Edit: Apparently there are two "Monero Classic", both using XMC symbol, the one in Antpool seems to be the other one. In total at least 5 vultures projects seem to have emerged. See for example here https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/
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April 07, 2018, 06:24:34 PM
 #18

Yes Please change the name to MoneroCash and buildup using that branding lineup.  Using classic just makes things more confusing and weakens the overall branding of bitmain Asic pow.

Sometimes I like joining the darkside and like to roll with Jihan and Roger Ver Smiley

Thats a very ugly looking photoshop job for that coin.  Seriously needs to total make over,  Pay a graphic design a couple of hundred to make a better image.  When i see something that looks this sloppy the first thing comes to mind is dump this pos
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April 07, 2018, 08:38:31 PM
 #19

good luck with the project guys!  The best privacy coin will be one with anonymous devs, it simply has to be.  Protect yourselves and godspeed!
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Read the goddamn OP.


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April 08, 2018, 04:25:56 PM
 #20

I support the idea of forking and creating the coin in your own vision; that's crypto at its best.

But claiming 80% of the network was against it... Just how much of that hash was ASIC hardware in comparison to GPU/CPU hardware?

Doesn't sound particularly fair either way, really. But I support the fork removing ASIC hardware more, based on my own preferences.

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