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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4562417 times)
simmo77
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October 12, 2014, 12:23:49 PM
 #15561

I got a reply from Mintpal.

Quote
Hi there,
I apologize for the delayed reply. XMR (Monero) is one of the coins where the daemon was having issues at the time of launch. The devs are working hard to get it up and running as soon as possible. Your balance is still there and your coins are safe.
Thank you for your patience
Good for you....I got response too (4 days after e-mail them)
Quote
Thank you for your email. Your issue has been passed to the migration team for investigation, and will be dealt with as a matter of urgency.Thank you for your patience with this issue.
That was before 6 day, meanwhile i wrote them on twitter and nothing happened. Still cant login to my account.

I feel for you. I went through a similar experience with Coinmarket.io. I only lost 0.5 BTC which was about $300AUD at the time, but my only true regret is wasting so much time and energy chasing a forlorn hope.

Is the Mintpal problem the reason for the current price drop?

It's not exactly bullish
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October 12, 2014, 12:50:46 PM
 #15562

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0
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October 12, 2014, 01:05:42 PM
 #15563

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

.BitDice.               ▄▄███▄▄
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iourzzz
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October 12, 2014, 01:11:28 PM
Last edit: October 12, 2014, 01:51:33 PM by iourzzz
 #15564

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

They just look black on this video. In reality it's silver plating reflecting the night. The grey should be little lighter on actual coins as well.

The colors are more natural at this photo:
https://www.dropbox.com/s/mu2u8fgssyl4wq4/Monero.jpg?dl=0
pa
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October 12, 2014, 03:00:43 PM
 #15565

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

They just look black on this video. In reality it's silver plating reflecting the night. The grey should be little lighter on actual coins as well.

The colors are more natural at this photo:
https://www.dropbox.com/s/mu2u8fgssyl4wq4/Monero.jpg?dl=0


In order for the coin owner to spend the coin's XMR, must your website must be operational?
silencesilence
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October 12, 2014, 03:02:30 PM
 #15566

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR
Este Nuno
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October 12, 2014, 03:43:16 PM
 #15567

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining? Tongue
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October 12, 2014, 03:48:04 PM
 #15568

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining? Tongue

it's inhuman and it's inhumane   Grin
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October 12, 2014, 03:48:45 PM
 #15569

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining? Tongue

Gee, ya think?
Something along those lines is the general consensus, I believe.
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October 12, 2014, 03:53:37 PM
 #15570

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining? Tongue

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".
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October 12, 2014, 04:00:40 PM
 #15571

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining? Tongue

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".

the whole idea of crypto world / BTC /  is lost because ordinary people can not mining with their home computers
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October 12, 2014, 04:15:58 PM
Last edit: October 12, 2014, 05:31:35 PM by iourzzz
 #15572

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

They just look black on this video. In reality it's silver plating reflecting the night. The grey should be little lighter on actual coins as well.

The colors are more natural at this photo:
https://www.dropbox.com/s/mu2u8fgssyl4wq4/Monero.jpg?dl=0


In order for the coin owner to spend the coin's XMR, must your website must be operational?

No. Site is only obligatory for binding the unique id of the coin with any public Monero address you have access to. Later when view key functionality is available from Monero developers you will be able to check the balance of a coin binded to that address as well. You will be also capable to transfer coins to other owners at our site.

To spend the coin balance (actually from an address you are in control of) you will need a Monero wallet and a private key of your address. For safety reasons we are not going to keep and even ask info about private keys. So coins are actually independent from the site after you bind them to an address. You should keep the info about your keys yourself.

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October 12, 2014, 04:30:23 PM
 #15573

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining? Tongue

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.
Febo
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October 12, 2014, 04:38:46 PM
 #15574

the whole idea of crypto world / BTC /  is lost because ordinary people can not mining with their home computers

I do. I dont get much, but my comp is turned on most of the day anyway.

.BitDice.               ▄▄███▄▄
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October 12, 2014, 05:08:40 PM
 #15575

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.

I'm not saying you're wrong, and I can't explain the recent jump up to 27-28 Mh/s, but I would note that it's been as high as 30 Mh/s in the past. One explanation I've heard for the daily oscillations in the hashrate is that someone is mining with a rather large botnet concentrated in one geographic area, so the times that you see the network hashrate drop down every day correlate with the night time of whatever geographic location this botnet is in, so when botnetted people are turning their computers off for the night, that's when hashrate dips down.
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October 12, 2014, 05:22:29 PM
 #15576

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.

I'm not saying you're wrong, and I can't explain the recent jump up to 27-28 Mh/s, but I would note that it's been as high as 30 Mh/s in the past. One explanation I've heard for the daily oscillations in the hashrate is that someone is mining with a rather large botnet concentrated in one geographic area, so the times that you see the network hashrate drop down every day correlate with the night time of whatever geographic location this botnet is in, so when botnetted people are turning their computers off for the night, that's when hashrate dips down.

That's an interesting theory and makes sense. Especially if the oscillation are consistent like that. Similarly it could be a person using their corporate servers only during business hours or something. But with that you might see only a m to f oscillation if that was the case. Either way it's pretty interesting.

Is this hashrate with the relatively low price point at the moment unprecedented?
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October 12, 2014, 05:24:47 PM
 #15577


That's an interesting theory and makes sense. Especially if the oscillation are consistent like that. Similarly it could be a person using their corporate servers only during business hours or something. But with that you might see only a m to f oscillation if that was the case. Either way it's pretty interesting.

Is this hashrate with the relatively low price point at the moment unprecedented?


Yes,  we are all expecting a huge surge in price tomorrow
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October 12, 2014, 10:46:04 PM
 #15578

The increase in hash rate could simply be due to colder weather in the northern hemisphere. We must not forget that many people use electricity either entirely of partially for space heating in the fall and winter. In such a situation mining Monero with existing computing equipment is essentially free.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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October 13, 2014, 12:08:58 AM
 #15579

who sell at these prices ....? can no longer pay their electricity for mining Angry  Angry  Angry

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining? Tongue

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.

I'm going to throw a guess out - Botnet?

Bitcoin: 1FzZehkiwfeeUmfmBrym8VvXX7gUj3miHe
XMR: 4AqrzGPfEKeZrVXyPDNXUrNeKZZGNYiXMDoY49PvdffKNTRg6xp2Qz74SZ72gT5F9HH8Vaic99ndRg6 UBGcVijaNStQjwwf
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October 13, 2014, 12:28:24 AM
 #15580

I for one fired up 3 GPU's for mining recently.
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