Grin Observer - GRN/BTC - Price Movement and Discussion

[Hueristic]

Do not look to Monero for correlations as the original bytecoin miner was crippled and there was a mining cartel using a non crippled one and dumping.

Funny you should say that,



The flippening:
https://files.gitter.im/grin_community/Lobby/dQQL/telegram-cloud-file-1-806624875-56454--4390025447372503660.jpg

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Have you tried c31 Bob?
I still think it will be marginally more profitable for our hardware.

Those hybrid FPGA's already?

[1714942543]

1714942543

[1714942543]

1714942543

[1714942543]

1714942543

[Cryptotourist]

You never know. Beta squared. Chinese Dev's do work 25h a day  
Need more samples.

[Hueristic]

HAH, coinmarketcap recommends crypto.com to buy grin and in order to buy it there you must

You'll need:

    An email address
    A phone number
    One identification document

LOL

[wheelz1200]

It's going to be tough to keep the price this high with the coins being minted as fast as they are.  Be an interesting watch over the next month to see if buying demand can keep up.

[infofront]

From the Monero Speculation Thread:

I posted a brief Grin (MimbleWimble) versus Monero comparison on Reddit yesterday:

There are a few aspects on which one can compare Monero and Grin, I'll discuss several of them.

Privacy:

MimbleWimble is essentially Monero minus ring signatures. As a result, an active observer is able to draw a transaction graph and easily trace outputs.

Scaling:

MimbleWimble's scaling is often praised significantly. However, in comparison to a pruned Monero chain it is not significant in my opinion. In Monero, a pruned node has to basically retain the transaction output set plus the key images, whereas in Grin the node essentially prunes automatically and merely retains the unspent transaction output set. Note that, in Monero, an unspent transaction output set does not exist, because an observer cannot reasonably determine which outputs are spent.

Usability:

Grin is interactive, which, in a nutshell, means that both the sender and the recipient have to be online to properly send transaction. As a result, cold storage is, as far as I know, not viable currently.

Lastly, note that Tari, a MimbleWimble implementation, is planned to be added to Monero as side-chain.

I have my doubts about the long term prospects of Grin.

[bones261]

From the Monero Speculation Thread:

I posted a brief Grin (MimbleWimble) versus Monero comparison on Reddit yesterday:

There are a few aspects on which one can compare Monero and Grin, I'll discuss several of them.

Privacy:

MimbleWimble is essentially Monero minus ring signatures. As a result, an active observer is able to draw a transaction graph and easily trace outputs.

Scaling:

MimbleWimble's scaling is often praised significantly. However, in comparison to a pruned Monero chain it is not significant in my opinion. In Monero, a pruned node has to basically retain the transaction output set plus the key images, whereas in Grin the node essentially prunes automatically and merely retains the unspent transaction output set. Note that, in Monero, an unspent transaction output set does not exist, because an observer cannot reasonably determine which outputs are spent.

Usability:

Grin is interactive, which, in a nutshell, means that both the sender and the recipient have to be online to properly send transaction. As a result, cold storage is, as far as I know, not viable currently.

Lastly, note that Tari, a MimbleWimble implementation, is planned to be added to Monero as side-chain.

I have my doubts about the long term prospects of Grin.

LOL, if Mimblewimble is so shitty, why is Fluffy Poni planning on using it on a sidechain?   

[Hueristic]

From the Monero Speculation Thread:

I posted a brief Grin (MimbleWimble) versus Monero comparison on Reddit yesterday:

There are a few aspects on which one can compare Monero and Grin, I'll discuss several of them.

Privacy:

MimbleWimble is essentially Monero minus ring signatures. As a result, an active observer is able to draw a transaction graph and easily trace outputs.

Scaling:

MimbleWimble's scaling is often praised significantly. However, in comparison to a pruned Monero chain it is not significant in my opinion. In Monero, a pruned node has to basically retain the transaction output set plus the key images, whereas in Grin the node essentially prunes automatically and merely retains the unspent transaction output set. Note that, in Monero, an unspent transaction output set does not exist, because an observer cannot reasonably determine which outputs are spent.

Usability:

Grin is interactive, which, in a nutshell, means that both the sender and the recipient have to be online to properly send transaction. As a result, cold storage is, as far as I know, not viable currently.

Lastly, note that Tari, a MimbleWimble implementation, is planned to be added to Monero as side-chain.

I have my doubts about the long term prospects of Grin.

LOL, if Mimblewimble is so shitty, why is Fluffy Poni planning on using it on a sidechain?   

I don't think anyone is saying its shitty, there are just trade offs to different approaches. I'm sure grin will address the issues where it currently lacks as XMR is apparently adding it as a sidechain for I'm not sure why actually.

[bones261]

From the Monero Speculation Thread:

I posted a brief Grin (MimbleWimble) versus Monero comparison on Reddit yesterday:

There are a few aspects on which one can compare Monero and Grin, I'll discuss several of them.

Privacy:

MimbleWimble is essentially Monero minus ring signatures. As a result, an active observer is able to draw a transaction graph and easily trace outputs.

Scaling:

MimbleWimble's scaling is often praised significantly. However, in comparison to a pruned Monero chain it is not significant in my opinion. In Monero, a pruned node has to basically retain the transaction output set plus the key images, whereas in Grin the node essentially prunes automatically and merely retains the unspent transaction output set. Note that, in Monero, an unspent transaction output set does not exist, because an observer cannot reasonably determine which outputs are spent.

Usability:

Grin is interactive, which, in a nutshell, means that both the sender and the recipient have to be online to properly send transaction. As a result, cold storage is, as far as I know, not viable currently.

Lastly, note that Tari, a MimbleWimble implementation, is planned to be added to Monero as side-chain.

I have my doubts about the long term prospects of Grin.

LOL, if Mimblewimble is so shitty, why is Fluffy Poni planning on using it on a sidechain?  

I don't think anyone is saying its shitty, there are just trade offs to different approaches. I'm sure grin will address the issues where it currently lacks as XMR is apparently adding it as a sidechain for I'm not sure why actually.

Well, I believe the person that made the argument is mistaken that you can't implement mimblewimble with cold wallets. From my understanding, the sender and receiver can both have their private keys on air gapped computers and just need to relay the needed files to each other via other means, including carrier pigeon if they want. Then the sender just needs to send the tx via a hot node.

[Hueristic]

From the Monero Speculation Thread:

I posted a brief Grin (MimbleWimble) versus Monero comparison on Reddit yesterday:

There are a few aspects on which one can compare Monero and Grin, I'll discuss several of them.

Privacy:

MimbleWimble is essentially Monero minus ring signatures. As a result, an active observer is able to draw a transaction graph and easily trace outputs.

Scaling:

MimbleWimble's scaling is often praised significantly. However, in comparison to a pruned Monero chain it is not significant in my opinion. In Monero, a pruned node has to basically retain the transaction output set plus the key images, whereas in Grin the node essentially prunes automatically and merely retains the unspent transaction output set. Note that, in Monero, an unspent transaction output set does not exist, because an observer cannot reasonably determine which outputs are spent.

Usability:

Grin is interactive, which, in a nutshell, means that both the sender and the recipient have to be online to properly send transaction. As a result, cold storage is, as far as I know, not viable currently.

Lastly, note that Tari, a MimbleWimble implementation, is planned to be added to Monero as side-chain.

I have my doubts about the long term prospects of Grin.

LOL, if Mimblewimble is so shitty, why is Fluffy Poni planning on using it on a sidechain?  

I don't think anyone is saying its shitty, there are just trade offs to different approaches. I'm sure grin will address the issues where it currently lacks as XMR is apparently adding it as a sidechain for I'm not sure why actually.

Well, I believe the person that made the argument is mistaken that you can't implement mimblewimble with cold wallets. From my understanding, the sender and receiver can both have their private keys on air gapped computers and just need to relay the needed files to each other via other means, including carrier pigeon if they want. Then the sender just needs to send the tx via a hot node.

I believe you are correct.

[bones261]

Well, I believe the person that made the argument is mistaken that you can't implement mimblewimble with cold wallets. From my understanding, the sender and receiver can both have their private keys on air gapped computers and just need to relay the needed files to each other via other means, including carrier pigeon if they want. Then the sender just needs to send the tx via a hot node.

I believe you are correct.

My main concern with the coin at the moment is the inflation. 1 coin per second seems a bit much. Unfortunately, I am only mining this with 1 single 1070, so I don't even have a coin, yet. 

[HairyMaclairy]

Choose your own adventure.  Climb the stairs or jump out the window.

[Cryptotourist]

Morning Grin lovers.

My concern is how much Grin to buy at the bottom.
I do love my BTC.
That said, Grin has contributed a little over 0.1BTC for roughly 10 days of mining (~$50 power costs).
Booya. I'm fucking rich.



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Climb the stairs or jump out the window.

Em, lobby please dear Sir

[Cryptotourist]

I have my doubts about the long term prospects of Grin.

Those hybrid FPGA's already?

LOL, if Mimblewimble is so shitty, why is Fluffy Poni planning on using it on a sidechain?   

I'm guessing that either an FPGA sort, or Nicehash support, or a private miner (or all three) already exists.
A private Nicehash tweak, would be the easiest of the three, whilst building on ASICS & FPGA's.

Monero maybe wants to support their ASIC resistance argument. Or not.

[HairyMaclairy]

You dont think the Monero forum might have a certain bias do you?


Starting to look like the window is the preferred option

[Cryptotourist]

You dont think the Monero forum might have a certain bias do you?

What on earth makes you say that?
On Grin live yesterday, the highlight was that French fucker, explaining how/what to mine.

[HairyMaclairy]

TLDW?

[Cryptotourist]

https://bitcointalk.org/index.php?topic=5090427.720

YW!

AWGTCOTCLT???

[tranthidung]

It looks similar to the chart of bitcoin before it suddenly dropped hard from $62xx to $41xx
Sometimes (it rarely happens), consolidations and triangle patterns lead to further drops.
I wish that it is not the case of Grincoin.

[consideritdone]

Morning Grin lovers.

My concern is how much Grin to buy at the bottom.
I do love my BTC.
That said, Grin has contributed a little over 0.1BTC for roughly 10 days of mining (~$50 power costs).
Booya. I'm fucking rich.

https://i.imgur.com/VaOzh7C.gif

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Climb the stairs or jump out the window.

Em, lobby please dear Sir

Hype train is still running https://www.coingecko.com/en/coins/grin#panel

[infofront]

You dont think the Monero forum might have a certain bias do you?

OFC, but another perspective is useful. Coin-specific threads end up becoming circle jerks (Monero thread included).