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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548056 times)
superresistant
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December 10, 2014, 06:42:26 AM
 #17921

 
Buy Monero as a gift for Christmas. Because privacy is the most precious thing in a world of spying and mass population control.
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December 10, 2014, 06:48:11 AM
 #17922


Buy Monero as a gift for Christmas. Because privacy is the most precious thing in a world of spying and mass population control.

Nice said and true!

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December 10, 2014, 06:58:01 AM
 #17923

Can anyone help me update my monero wallet, it been long since i updated the chain. The keys file is updated last in may 2013. How should i proceed
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December 10, 2014, 07:09:02 AM
Last edit: December 10, 2014, 07:21:13 AM by e-coinomist
 #17924

Anyone else thinking we've hit the bottom for Monero?

I know I took this oppurtunity load the boat!
LOL you will sink! Imho crypto is taking a blow on each and every front. Averaging down is the key factor. Only invest what you can afford with a shrugging.
This may, or may not become the investment of your lifetime.

Seriously, Bitcoin has proven it can achieve the unimaginable, but that requires to fulfill certain prophesy. Being anonymous internet money, mine able at home on average hardware, being decentralized and open sourced. Looking at those four bullet points, I recognize that Monero fits in a lill' bit better then Bitcoin even. Matter of fact, Bitcoin dropped out of everything except they did not moved closed source still, but that might happen last.

I made my stance. Two coins right now. To victory or perish!
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December 10, 2014, 07:32:27 AM
 #17925

Its only going to get worse... IMO, its dead...

Talking about your brain?

Aren't you the dev ? No, im talking about your little sister you retard. Stop trolling!
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December 10, 2014, 08:01:11 AM
 #17926

Its only going to get worse... IMO, its dead...

Talking about your brain?

Aren't you the dev ? No, im talking about your little sister you retard. Stop trolling!

Warning: Tirade with extreme
recursion!

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21 million. I want them all.


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December 10, 2014, 08:30:33 AM
 #17927

Can someone more knowledgeable on mining and hashing algorithms tell me whether it's truly not possible to develop Cryptonight ASICs? Is Monero cpu-mineable because the math, or because it's not worth it to develop specialized hardware yet? In other words, if Monero had a 5 billion dollar market cap, do you think it would still be 1 CPU 1 vote?

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CryptoNight relies on random access to the slow memory and emphasizes latency dependence. Each new block depends on all the previous blocks (unlike, for example, scrypt). The algorithm requires about 2 Mb per instance:

It fits in the L3 cache (per core) of modern processors.
A megabyte of internal memory is almost unacceptable for the modern ASICs.
GPUs may run hundreds of concurrent instances, but they are limited in other ways. GDDR5 memory is slower than the CPU L3 cache and remarkable for its bandwidth, not random access speed.
Significant expansion of the scratchpad would require an increase in iterations, which in turn implies an overall time increase. "Heavy" calls in a trustless p2p network may lead to serious vulnerabilities, because nodes are obliged to check every new block's proof-of-work. If a node spends a considerable amount of time on each hash evaluation, it can be easily DDoSed by a flood of fake objects with arbitrary work data (nonce values).

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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December 10, 2014, 08:35:11 AM
 #17928

A large botnet has finally been pulled off monero.
Hash Rate: 14.67 MH/sec
Difficulty: 924886095

Seems like botnet click fraud is more profitable than mining monero..
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December 10, 2014, 08:47:32 AM
 #17929

Monero is my GIFT. Card with the word seed to a loaded my.monero wallet. Why give socks when you can give privacy?
Stitch the words into a pair of socks? Nooo don't hang 25 socks onto the chimney, or you will have to spend the whole holidays sorting sock permutations  Roll Eyes
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December 10, 2014, 08:51:45 AM
Last edit: December 12, 2014, 01:20:11 AM by smooth
 #17930

Can someone more knowledgeable on mining and hashing algorithms tell me whether it's truly not possible to develop Cryptonight ASICs?

Any ASIC is possible.

Let me give an oversimplified example, to demonstrate the clear theoretical (though not necessarily practical) feasibility of doing it at all. Intel CPUs have floating point hardware. CryptoNight doesn't use floating point at all, so you could build a clone of an Intel CPU, get rid of the floating point, and have a slightly smaller/simpler chip that would cost less to manufacture, and probably use a bit less electricity.

You could call this an ASIC, in the sense that no modern computer can really function without floating point any more, so it would be almost useless for regular programs, at least Windows certainly wouldn't run on it (someone ambitious could still make a Linux soft-float build).  You wouldn't really get much performance increase, but you could, in theory, get a price-performance increase and some power reduction.

There are certainly other components of the CPU that aren't needed for CryptoNight, and could be removed as well, to similar effect. I estimate that something in the neighborhood of 30% of the chip area of a desktop CPU (more for server CPUs that don't have a GPU) is directly being used for CryptoNight. So at best in this (somewhat unrealistic) model, you could reduce the chip size by 2/3. Or possibly you could build a specialized chip of similar size that would hash 3x as fast. A while back dga (early XMR miner who did most of the optimizations of the CryptoNight code, and computer science professor at CMU) once estimated there would be roughly a 5x gain from ASICs.

You have to trade that off against the R&D costs, economies of scale (massive manufacturing volume) of just using standard CPUs.

Quote
Is Monero cpu-mineable because the math, or because it's not worth it to develop specialized hardware yet? In other words, if Monero had a 5 billion dollar market cap, do you think it would still be 1 CPU 1 vote?

At a 3 billion market cap it is plausible there would still be no ASICs for CryptoNight. But it is possible there would be. It is difficult to say. How much is that hypothetical 5x gain worth relative to one time R&D costs and the expected useful life of such a chip?

We can be pretty sure that the performance and price-performance gain from a CryptoNight ASIC would be much smaller than for SHA256 or even Scrypt. We don't know the exact parameters until someone tries to build it.
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December 10, 2014, 10:32:24 AM
 #17931

Hey guys,

Updated chainradar.com with pools information!
 


Find a pool best suited for yourself and you currency. Provided pool info: Name, Other coins, Version, Fee, Minimal payment, Miners, Hashrate, Uptime, Last server down.

Please don't hesitate to contact me through the contact form on the website or via the forum. Smiley

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December 10, 2014, 12:45:52 PM
 #17932

Link?

It looks like XMR is the best CryptoNote coin now. BBR's crypto_zoidberg said he developed another CryptoNote coin. It means that BBR future is bad.

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December 10, 2014, 12:58:31 PM
 #17933

Link?

It looks like XMR is the best CryptoNote coin now. BBR's crypto_zoidberg said he developed another CryptoNote coin. It means that BBR future is bad.

https://bitcointalk.org/index.php?topic=577267.msg9786052#msg9786052
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December 10, 2014, 12:58:48 PM
 #17934

Someone should really make a monero based drug market

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December 10, 2014, 03:21:34 PM
 #17935

Thanks.

Link?

It looks like XMR is the best CryptoNote coin now. BBR's crypto_zoidberg said he developed another CryptoNote coin. It means that BBR future is bad.

https://bitcointalk.org/index.php?topic=577267.msg9786052#msg9786052

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December 10, 2014, 03:28:12 PM
 #17936

Network Hash Rate: 14.12 MH/sec
A few days ago it was ~21.
Price is killing miners.

Selling NordVPN account with premium sub - expires 2021! PM me to buy.
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December 10, 2014, 03:29:10 PM
 #17937

If CZ wanted a CN coin which is POS instead of POW why wouldn't he switch BBR over to POS?  Poor BBR bagholders.

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December 10, 2014, 03:30:19 PM
 #17938

Network Hash Rate: 14.12 MH/sec
A few days ago it was ~21.
Price is killing miners.

This is good. Botnet is gone. Legit miners can accumulate coins now.
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December 10, 2014, 03:45:12 PM
 #17939

I for one hope Monero never goes to ASCI, I think this keeps it fair for all miners.  Lets all of us have a shot at producing some coins.  Hopefully this will attract folks that don't have lots of disposable income to want to mine.  Many newcomers can't afford to build or buy rigs that can cost $2k -$10K like some of the Scrypt based ASCI rigs can cost.  The big mining operations generating BTC have made it hard for beginners to generate any coin just from CPU or GPU mining alone without substantial hardware investment.

I've been lucky to have some extra income to build a nice multi GPU rig but if I didn't have the extra income I could still use my CPU and GPU on my computer to mine at least a little coin.  With prices so low on XMR right now any beginner should just buy and hold IMO.  I wanted to mine because I love building computers and tweaking settings.  I've bought and mined a good bit of XMR since August.  Of all the coins out there right now Monero has some if not the best Dev team in the field.  I have been involved since July and I have been very happy with the development that has taken place.  Privacy is very important to me as well and XMR fits just right for my needs.  I know this coin is going to rise in price, popularity, acceptance and become more accepted as we move into the future.

I do want to thank the Dev team for all their hard work. They have done a great job putting info out about the development and also a good job in stopping the DDoS attacks and shutting trolls scum that have tried to wreck the coin.

I hope to see you all at the future XMR party when XMR hits $1000
https://forum.monero.cc/14/events/49/1000-usd-monero-party

 

Monerohash.com   U.S. Mining Pool
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December 10, 2014, 03:48:03 PM
 #17940

If CZ wanted a CN coin which is POS instead of POW why wouldn't he switch BBR over to POS?  Poor BBR bagholders.

This doesn't really belong in the XMR thread so this will be the last time I reply to this subject in this thread.

Maybe because it would be a betrayal to just radically change BBR like that.  Many of us don't care for POS coins.    

How does CZ working on another project negatively effect his work on BBR?  Do XMR devs work only on XMR?  No they work on other things to generate an income.  That's what CZ is doing and he's fortunate to be able to work on a project based on BBR code.  He's brought in another developer as well which is something that people have been concerned about.  I see more good than bad but you can spin it anyway you want I suppose.

I can't speak for CZ so I'll quote him instead.


I'll write it only once for all who interested.
There was two ways to survive:

1. Transform BBR to some kind of scam with hard fork (any radical changes gonna be scam, including converting BBR into a PoS, since many people don't like PoS coins) and to seize money from BBR. This would be true betrayal. As you may know, i've decided to not kill this project in that way, since i have a future plans for this project.

2. The second was to work out some other interesting project with the same codebase, to cover live spendings, and to keep BBR as it originally was conceived.

I've chosed second way. Befor new year we going to release new GUI, and next release will be the new wallet mode, that actualy utilize fully anonymouse outputs feature. But still, if someone don't like this my attitude - i don't have time and intention to convince you - feel free to quit.



Zoidberg





PS About Boolberry: In any case Boolbery is my primary project, and since both this projects based on the same code base - it will be win-win for both of this project from technology point of view. ATM scruffy is working on BBR new wallet version since i want to have second developer who familiar with BBR code, so this took more time that i expected, but this is need for project safety, a lot of people were talked about it before in this thread.


Zoidberg

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