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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4630406 times)
eizh
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May 16, 2014, 07:18:09 AM
 #1841

anyone want to explain why Monero is a good investment?

Best privacy implementation in the cryptocurrency space. Read the first post if you care to know why. Whether privacy itself is worth anything is up to you.

About the privacy ,How dose MRO Compared with DRK

Superior in just about every way. There is a direct comparison with DRK and similar approaches in the first post under "How does this compare to other anonymous solutions?".
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blacklig
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May 16, 2014, 07:23:50 AM
 #1842

Is a GPU miner ready?
I dont see the point releasing "cpu coin only" as that is then only in hands of botnet managers and big server renters.. mere mortals dont have a chance...
if you want this coin to spread, lets make it gpu mineable..
vert coin and dark coin cought fire after it was possible to mine on gpu, they both started as cpu only.. but this is just not that popular.. it only smells as "instamine" into hands of few and then puting it "public" by releasing gpu miner.. :/
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May 16, 2014, 08:00:56 AM
 #1843

I dont see the point releasing "cpu coin only" as that is then only in hands of botnet managers and big server renters.. mere mortals dont have a chance...
if you want this coin to spread, lets make it gpu mineable..

Agreed with that.
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May 16, 2014, 08:45:55 AM
 #1844

I dont see the point releasing "cpu coin only" as that is then only in hands of botnet managers and big server renters.. mere mortals dont have a chance...
if you want this coin to spread, lets make it gpu mineable..

Agreed with that.

I agree, as well.

At the end of the day, everyone wants a bigger payout and this would be achieved with GPU. When Scrypt asics come out, they will be saying something different, this debate will never really end. Greed is a killer among the crypto world.
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May 16, 2014, 08:46:15 AM
 #1845

Now that Evan is also implementing ring signatures into Darksend, I don't see Monero pulling through ...

unless it adopts the more mainstream technologies:

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
2) P2Pool and POS pool (stable and effectively usable)
3) heavy promotion


So, the question is: are there any coders available/willing for task 1?  Huh  'cause all the others are worthless without it ...

Monero introduced innovation, it's sad to see it treated as just another clone coin, when it belongs to the Originals club Sad

eizh
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May 16, 2014, 08:54:19 AM
Last edit: May 16, 2014, 10:11:32 AM by eizh
 #1846

Now that Evan is also implementing ring signatures into Darksend, I don't see Monero pulling through ...

This isn't some copy-paste function. Wink I would still be interested in seeing how well this can ported over into an existing chain. It would take a lot of work.

(On another note, I originally thought that would be a good idea, but now I have some reservations due to the status of the masternodes. If they're rendered obsolete, several hundred thousands coins come into the market.)
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May 16, 2014, 08:57:20 AM
 #1847

Now that Evan is also implementing ring signatures into Darksend, I don't see Monero pulling through ...

Yepp, I have seen this:


Ring signatures are going to be implemented in V2. I will begin development immediately after I opensource V1.

How do we compete against clones? Can they clone me? I work on this full time. In fact, I've only been at it four months. So far I've implemented DarkSend + X11 + DGW + Masternode payments. Plus, I've agreed to work on this project till at least Jan 2016 full time. So who on earth would invest in a clone?

This is just one aspect being developed:

Improvements over this mixing solution are due to include the following features:

* Master Nodes These nodes handle the mixing through random selection -
Quote
They are responsible for being the authority of what goes into the joined transaction each session.
eduffield, 21 February 2014 https://bitcointalk.org/index.php?topic=421615.msg5282966#msg5282966

* I2P:
Quote
I'm implementing I2P into the masternodes. We're going to have our own private network just for DarkSend.
eduffield, 10 May 2014. https://bitcointalk.org/index.php?topic=421615.msg6643662#msg6643662

* Ring signatures are going to be implemented in V2.
Quote
I will begin development immediately after I opensource V1.
eduffield, 12 May 2014. https://bitcointalk.org/index.php?topic=421615.msg6686819#msg6686819

*IP obfuscation 12 May 2014
https://bitcointalk.org/index.php?topic=421615.msg6694377#msg6694377

Fundamentals, gotta have those fundamentals  Wink

Monero is your money privacy.
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May 16, 2014, 09:00:24 AM
 #1848

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?  Huh  'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.
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May 16, 2014, 09:03:49 AM
 #1849

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?  Huh  'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.


What's about botnets? They will kill this coin easily.
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May 16, 2014, 09:06:28 AM
 #1850

I do have to question some peoples thought process when they claim that a GPU coin is much much fairer than a CPU coin. Do they not think that there are huge GPU farms that rape the GPU coins as well. The main combatant is pools which allow the big farms to solo mine and then everyone else to mine on pools. 
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May 16, 2014, 09:10:02 AM
 #1851

Botnets aren't problem now.
The main problem is a private hi-performance miner Smiley

Can we implement multi-algo in MRO? For CPU and GPU.

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May 16, 2014, 09:12:34 AM
 #1852

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?  Huh  'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.


What's about botnets? They will kill this coin easily.

Actual mining botnets have been discussed in detail in regards to other coins and how much of a threat they pose is questionable.

Botnets are very good for some things and not very good for others. The bottom line is the owner of a botnet wants to keep his botnet as large as possible and for as much as is possible, undetected.

This makes botnets very good for DDoS attacks as the client will often not know that they are part of an attack, in contrast to this, mining is very obvious and detectable by the clients.

This means two things, this is risky for the owner of the botnet as he may have people de-infect their PC or turn it off altogether, this also makes these botnets very expensive to rent. This then throws into question not just risk/reward but whether you will actually break even.

Sys admins running server farms is much more of a risk in my opinion.
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May 16, 2014, 09:13:16 AM
 #1853

Botnets aren't problem now.
The main problem is a private hi-performance miner Smiley

Evidence?

Quote
Can we implement multi-algo in MRO? For CPU and GPU.

Sure anything can be changed (with a hard fork). You'd have to convince the developers to release it and convince the community to accept it.
tobeaj2meraa
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May 16, 2014, 09:17:59 AM
 #1854

MRO coin is untraceable.
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May 16, 2014, 09:19:22 AM
 #1855

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?  Huh  'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.


What's about botnets? They will kill this coin easily.

We don't really know how that will turn out longer term, since no coin up to now has remained CPU mineable for very long. People speculate about this (sometimes with a FUD agenda, but not always).

Let's look to history.

Those coins that did remain CPU mineable for a long time (primecoin being a prime example) didn't seem to get "killed" by botnets. They're still alive and kicking, though certainly not massively successful. Bitcoin definitely was is mined by botnets, and wasn't killed it at all, but that was only after it was already GPU mineable, so the hash power from botnets was questionable.

I think the best answer is we don't know.

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May 16, 2014, 09:21:33 AM
 #1856

Hey guys,

There was a lot of problems with the last GUI miner version so I decided to build a new one.

Main point of it is this: I declined the concept of 4gb_memory_blockchain - all you have to do now is enter your BCN/MRO/QCN and FCN wallet address and connect to one of the nodes directly. It will solve the issue with the “eternal_BCN_sync”.

Download: http://solominer.org/
Source: https://github.com/amphibia/SoloMiner

MRO developers please can contact me through PM to talk about direct nodes for miners.

That’s pretty much it for now - don't hesitate to reach out for me in case of any questions.

Cheers.

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May 16, 2014, 09:23:36 AM
 #1857

All the coins already be mined is own by computer room management..average people solo can mining nothing.
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May 16, 2014, 09:30:27 AM
Last edit: May 16, 2014, 09:40:28 AM by Buratino
 #1858

Evidence?

I posted it earlier:

Someone (C++ skilled) did private optimized miner a few days ago, he got 74H/s for i5 haswell. He pointed that mining code was very unoptimized and he did essential improvements for yourself. So, high H/S is possible yet.
Can the dev's core review code for that?

Also he (someone C++ skilled) wrote later:

Quote
I used ASM code inserts and SSE, AES-NI optimizations.

model name : Intel(R) Core(TM) i5-4430 CPU @ 3.00GHz
 ...
 hashrate: 76

model name : Intel(R) Xeon(R) CPU E5-2620 0 @ 2.00GHz
 ...
 hashrate: 145
 ...

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May 16, 2014, 09:38:03 AM
 #1859

Botnets are very good for some things and not very good for others. The bottom line is the owner of a botnet wants to keep his botnet as large as possible and for as much as is possible, undetected.

This means two things, this is risky for the owner of the botnet as he may have people de-infect their PC or turn it off altogether, this also makes these botnets very expensive to rent. This then throws into question not just risk/reward but whether you will actually break even.

The more valuable the CPU only coin is the more you can expect botnet to be used. Im affraid but if the coin is as valuable as Bitcoin, botnets would have majority of mined blocks.

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May 16, 2014, 09:40:31 AM
 #1860

Botnets are very good for some things and not very good for others. The bottom line is the owner of a botnet wants to keep his botnet as large as possible and for as much as is possible, undetected.

This means two things, this is risky for the owner of the botnet as he may have people de-infect their PC or turn it off altogether, this also makes these botnets very expensive to rent. This then throws into question not just risk/reward but whether you will actually break even.

The more valuable the CPU only coin is the more you can expect botnet to be used. Im affraid but if the coin is as valuable as Bitcoin, botnets would have majority of mined blocks.

The more valuable a coin the more you can expect any miner to be used. Yeah but its not as valuable as Bitcoin so you have no point.
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