[XMR] Monero - A secure, private, untraceable cryptocurrency

[mmortal03]

Of course, always test things out with small amounts until you get the hang of it.

[1714216621]

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[macsga]

For whatever you do, you should first read carefully about it and then dive in. I'm not into alts a lot, only mining a couple just for tips & buying more BTCs. XMR is a bit different for me though; I'm holding a good portion and I probably will accumulate more as time passes by. The reason is mainly that it's not "just a copy-paste" from the BTC code; it incorporates new technologies, it's backed up by a team of devs, plus some respectful vip members in here.

The risk though is always 50-50. You do the math.

[Wekkel]

Blockchain explorer

• chainradar
• monerochain

The monerochain.com explorer gives a warning in Chrome.

[mmortal03]

I'm trying to learn how to use simplewallet. I ran simplewallet and created a wallet. Do I also have to run bitmonero.exe or can I just send XMR from and exchange to the address that my simple wallet created without running bitmonero.exe? If I do this, is there any way to verify the coins got there?

You can send from the exchange to that address. You don't have to have bitmonero.exe running. You could even use simplewallet.exe to generate an address on an offline computer and still transfer moneroj to it.

To verify that that coins got there, though, you will need to run bitmonero.exe to sync the blockchain (which will take a while), and then you can type "balance" without quotes while running simplewallet.exe to check it.

Ok thanks, that helps a lot. If I run simplewallet.exe on an offline computer and send XMR to the offline generated address, is there any way I can check the balance from an online computer without putting my keys file on an online computer and typing in my wallet password?

The technology behind the scenes is mostly there, but it's not fully implemented yet anywhere. You'll be able to use your viewkey to do this once it's implemented. I was asking them the other day about this:

Is the viewkey currently stored in the wallet.bin file, or is it only generated from the private key on the fly? The reason I ask is, if it is the former, then I assume that simplewallet could easily be programmed to run in watch-only (view-only) mode, operating as such whenever the user tries to load their wallet.bin file without their wallet.bin.keys file being present. This could make running an offline wallet configuration VERY easy.  One could simply generate their wallet with simplewallet on an offline machine, then copy over just the wallet.bin file WITHOUT the wallet.bin.keys file to an online machine, and then load that into simplewallet. Would there be any security or privacy concerns to having it operate this way?

[Pilotseye]

Blockchain explorer

• chainradar
• monerochain

The monerochain.com explorer gives a warning in Chrome.

looks like the SSL certificate is expired

[smooth]

Blockchain explorer

• chainradar
• monerochain

The monerochain.com explorer gives a warning in Chrome.

looks like the SSL certificate is expired

It doesn't work anyway. You will need to use one of the other ones.

[villabacho]

RAM usage is continuing to get worse as well. I have 7.67/8GB in use now and rising as it's syncing.

I think it just uses most you have. Some said it use most of their 3 gb RAM. Probably also most of 16 gb RAM. It is true that is not so convenient to run bitmonerod. You just do when you really have to. Lets hoe soon will get better.

If you're a Linux user, David's recipe https://forum.monero.cc/5/support/74/increase-swap-space-for-blockchain to increase swap space works surprisingly well.
Only during startup of the bitmonerod daemon your machine will swap and be a bit unresponsive, but after that it doesn't have to access most of the blockchain, so it'll be essentially swapped out, and the physical memory footprint goes down again.

On my 4GB laptop I could very well do my day-to-day work while bitmonerod was running, except for the first 15 minutes or so. Even though the virtual memory size was close to 6GB, the real memory consumption went down to somewhere between 1 and 2 GB.

I would guess that also for Windows there must be some solution like that involving increased swap space.

[owlcatz]

The technology behind the scenes is mostly there, but it's not fully implemented yet anywhere. You'll be able to use your viewkey to do this once it's implemented. I was asking them the other day about this:

Is the viewkey currently stored in the wallet.bin file, or is it only generated from the private key on the fly? The reason I ask is, if it is the former, then I assume that simplewallet could easily be programmed to run in watch-only (view-only) mode, operating as such whenever the user tries to load their wallet.bin file without their wallet.bin.keys file being present. This could make running an offline wallet configuration VERY easy.  One could simply generate their wallet with simplewallet on an offline machine, then copy over just the wallet.bin file WITHOUT the wallet.bin.keys file to an online machine, and then load that into simplewallet. Would there be any security or privacy concerns to having it operate this way?

The viewkey functionality is not going to happen anytime soon according to the devs, so what i do is this - generate an offline wallet with a crazy-long password (don't record it, it does not matter), copy the address & viewkey, then i write down the 24 seed words on *paper*.

That done, I delete the files i just created (all of them), and send moneroj to my new address. I cannot view my balance, however, i can use chainradar to verify my funds hit the blockchain and were included in a block by using the transaction id when i sent the xmr's.

Now, my wallet simply consists of a list of 24 words on a piece of paper - no files, no password, nothing but 24 words.

I could even lose the address and/or the viewkey and still get my moneroj back though, by running simple-wallet-exe --restore-deterministic-wallet, enter the 24 words, type refresh (assuming the daemon is synced) and boom, my wallet with moneroj is back with a new filename and new password (same address/word list/view key).

This is a condensed, semi-online (not overly secure, albeit) way i picked up from fluffy's ultimate cold-storage post - https://bitcointalk.org/index.php?topic=583449.msg8246348#msg8246348

edit - i've tested this many times, and it does work just fine, however if you have a large amount of moneroj, be very careful - writing down one word or missing one word and you will lose access to all your funds.  i myself have had a few scares when mistyping a word or two on the restore, but eventually i get it correct. /whew!  

[RentaMouse]

I'm trying to learn how to use simplewallet. I ran simplewallet and created a wallet. Do I also have to run bitmonero.exe or can I just send XMR from and exchange to the address that my simple wallet created without running bitmonero.exe? If I do this, is there any way to verify the coins got there?

You can send from the exchange to that address. You don't have to have bitmonero.exe running. You could even use simplewallet.exe to generate an address on an offline computer and still transfer moneroj to it.

To verify that that coins got there, though, you will need to run bitmonero.exe to sync the blockchain (which will take a while), and then you can type "balance" without quotes while running simplewallet.exe to check it.

Ok thanks, that helps a lot. If I run simplewallet.exe on an offline computer and send XMR to the offline generated address, is there any way I can check the balance from an online computer without putting my keys file on an online computer and typing in my wallet password?

You need bitmonerod.exe running for simplewallet to be able to scan the blockchain to calculate your personal balance, and also for it to be able to submit transactions to the mining pools. I have a feeling simplewallet wont actually run if it cant find the daemon to connect to.

I think one of the mining pools was offering a public daemon port for users to connect their simplewallet to if they didnt/couldnt run it locally, can't remember which one. Its something I was thinking of experimenting with for Cryptonotepool.org.uk users a while back, but didnt see that much demand.

[smooth]

I have a feeling simplewallet wont actually run if it cant find the daemon to connect to.

It will run enough to create a new wallet, but that's it. So it is possible to create an offline cold storage wallet without a daemon.

We don't generally recommend public nodes as it isn't designed for that and there may be various issues with security and/or privacy, but of course we can't stop people from doing it if they want to take the risks. The most secure and private method currently is to use your own wallet with your own node. In the future there may be good lightweight wallets, web wallets, etc. that are comparable.

[alloffmyhate]

  i am waiting for new wallet 

[dnaleor]

may I say I like the fact that "moneroj" as plural for monero is catching on?  

I still hold my coins, I think Monero will eventually win the anon race:
http://www.deepdotweb.com/tag/ArmsRace/

edit: my average buy in is around 0.003
And yes, I bought some XMR (called MRO back then) at 0.000212
I'm too risk averse to put a serious amount of BTC on the table when a currency is a few weeks old

[owlcatz]

i am waiting for new wallet 

hope you are patient, as it won't be anytime real soon.  

[triplef]

Can anyone test this simplewallet update from the old monero wallet ?




added open deamon connection ( no need to run deamon thus you save 3-4 gig of ram)
added click a transaction for chainradar details
added a message if your wallet is corrupted instead of the unlimited loop there was.

please backup your wallet data just in case and always wait for exit.
https://mega.co.nz/#!shgkEYBK!LmNX1-cf7ZYgLfRiu4RL2Gtj7l0_CzgxvxzekCIkI9Y

im rewriting a gui from scratch but it's a long process..

[ray88]

Cool keep that awsome work there !

Can anyone test this simplewallet update from the old monero wallet ?




added open deamon connection ( no need to run deamon thus you save 3-4 gig of ram)
added click a transaction for chainradar details
added a message if your wallet is corrupted instead of the unlimited loop there was.

please backup your wallet data just in case and always wait for exit.
https://mega.co.nz/#!shgkEYBK!LmNX1-cf7ZYgLfRiu4RL2Gtj7l0_CzgxvxzekCIkI9Y

im rewriting a gui from scratch but it's a long process..

[Come-In-Behind]

may I say I like the fact that "moneroj" as plural for monero is catching on?  

I still hold my coins, I think Monero will eventually win the anon race:
http://www.deepdotweb.com/tag/ArmsRace/

edit: my average buy in is around 0.003
And yes, I bought some XMR (called MRO back then) at 0.000212
I'm too risk averse to put a serious amount of BTC on the table when a currency is a few weeks old

TBH, That "article" on deepdotweb is as biased as it can get. Look at here for ex: "but Anoncoin’s developers have found a work around and soon they are going to release their version of ZeroCoin, that doesn’t require a third party to set up." -Oct 28th

If you go to Anoncoin's thread, Gnosis has failed multiple times and postponed everytime, zerocoin's implementation. Recently he made a date for zerocoin to be implemented on the 15th of sept, never happened and he postponed the implementation for 3 months ahead. Yes 3 months, which clearly shows he was just pumping and dumping anoncoin with his timelines. That article just plainly mentions and puts emphasis on the coins that the author holds and wishes to p/d.

Out of all the anonymous systems found in cryptocurrency, Cryptonote is still by far the best.

[real789]

where i  can rent rig to mine monero? 

[ray88]

well its cheaper to buy right now...

where i  can rent rig to mine monero? 

[jwinterm]

where i  can rent rig to mine monero? 

Amazon Web Services Elastic Compute Cloud

[real789]

where i  can rent rig to mine monero? 

Amazon Web Services Elastic Compute Cloud

thank'
i will search it in google