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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4633343 times)
xulescu
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May 20, 2014, 10:32:57 AM
 #2701

cool! thanks for that. but then why is there a need to supply one when sending to exchanges? what about sending to normal users?

None of the exchanges have a proper exchange wallet yet for MRO - they use simplewallet or something very similar. So instead of using one wallet for every user, they dump everything in one wallet and use PayID to route to user. It is the exchanges' "problem".
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smooth
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May 20, 2014, 10:35:23 AM
 #2702

when sending coins from an exchange to the wallet do you still need a payment id? if so, how do you generate one with the wallet?

I would imagine that when sending from an exchange, there is either no payment ID or one is created automatically. Someone correct me if Im wrong.
I've transferred coins to/from cryptonote.exchange.to, all i needed was my wallet address, coins arrived fine without manually entering a payment ID.

cool! thanks for that. but then why is there a need to supply one when sending to exchanges? what about sending to normal users?

Do not use a payment ID for normal users.

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May 20, 2014, 10:36:03 AM
 #2703

cool! thanks for that. but then why is there a need to supply one when sending to exchanges? what about sending to normal users?

None of the exchanges have a proper exchange wallet yet for MRO - they use simplewallet or something very similar. So instead of using one wallet for every user, they dump everything in one wallet and use PayID to route to user. It is the exchanges' "problem".

i c. thanks!

heskey
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May 20, 2014, 10:43:38 AM
 #2704

Considering the rarity of the coin, we will probably have to break down Monero into smaller units.

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coinzcoinzcoinz
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May 20, 2014, 10:47:39 AM
 #2705

In b4 the massive dump
Delivereath
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May 20, 2014, 10:48:30 AM
 #2706

How many monero have been mined ?
othe
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May 20, 2014, 10:49:15 AM
 #2707

How many monero have been mined ?

~ 800k

dreamspark
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May 20, 2014, 10:49:25 AM
 #2708

How many monero have been mined ?

I believe its around 850k atm.
Delivereath
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May 20, 2014, 10:50:05 AM
 #2709

Thanks. Any plan to be listed on coinmarketcap and on mintpal ?
dreamspark
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May 20, 2014, 11:03:06 AM
 #2710

Considering the rarity of the coin, we will probably have to break down Monero into smaller units.

Why? Its not that rare. Its just taken off quickly is all.

sammy007
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May 20, 2014, 11:17:35 AM
 #2711


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restless
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May 20, 2014, 11:19:27 AM
 #2712

well it is possible that most of the miners are solo miners.... also because pool mining is kinda new to this coin ^^
But how are people solo mining???
All explanations in this thread are for pool mining :S
tricass
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May 20, 2014, 11:20:34 AM
 #2713

well it is possible that most of the miners are solo miners.... also because pool mining is kinda new to this coin ^^
But how are people solo mining???
All explanations in this thread are for pool mining :S

i believe it's via the wallet.

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May 20, 2014, 11:21:54 AM
 #2714

ok, found it searching the thread...
firedoner
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May 20, 2014, 11:29:59 AM
 #2715

could someone tell me how to withdraw monero from poloniex??

i tried once before but said error....

someone show me a simple way pleaseee
thanks

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May 20, 2014, 11:37:28 AM
 #2716

well it is possible that most of the miners are solo miners.... also because pool mining is kinda new to this coin ^^
But how are people solo mining???
All explanations in this thread are for pool mining :S

i believe it's via the wallet.

1. open wallet

2. start_mining number of threads

3.. wait for coins

You can also start it directly in the daemon but in that case you need to provide your wallet address.
bitfromit
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May 20, 2014, 11:37:36 AM
 #2717

could someone tell me how to withdraw monero from poloniex??

i tried once before but said error....

someone show me a simple way pleaseee
thanks



I have this prob yesterday, however it was working ok a few hours ago. Try again maybe
emontmon
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May 20, 2014, 11:40:17 AM
 #2718

Penalty for too large block size is disastrous in the long run.

Once MRO value increases a lot, block penalties will become more critical of an issue. Pools will fix this issue by placing a limit on number and size of transactions. Transaction fees will go up, because the pools will naturally accept the most profitable transactions. It will become very expensive to send with more than 0 mixin. Anonymity benefits of ring signatures are lost, and the currency becomes unusable for normal transactions.

This should be removed in the coming hardfork.

I agree on most points. Something cleverer is needed because the current formula is too blunt. But the scenario you described is actually the system working as intended. The CryptoNote developers didn't want blocks getting very large without genuine need for it because it permits a malicious attack. So miners out of self-interest would deliberately restrict the size, forcing the network to operate at the edge of the penalty-free size limit but not exceed it. The maximum block size is a moving average so over time it would grow to accommodate organic volume increase and the issue goes away. This system is most broken when volume suddenly spikes.

how does a miner place transaction fees. from reading this, it seems as a miner can choose which transactions to process. how can this be done.
YoyodyneSystems
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May 20, 2014, 11:42:27 AM
 #2719



There is no reason MRO cannot hit 10 million dollars market cap in the very near term.
I have never seen a market respond so strongly to a coin like this in awhile.
Records were set on Poloniex today and the buy demand is impressive.

People want to be there for that "Bitcoin" moment.
To get in early before missing out.

I think buyers and holders will be pleasantly surprised in the coming days.
firedoner
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May 20, 2014, 11:45:28 AM
 #2720

could someone tell me how to withdraw monero from poloniex??

i tried once before but said error....

someone show me a simple way pleaseee
thanks



I have this prob yesterday, however it was working ok a few hours ago. Try again maybe

i tried withdrawing like any other coin, provided walletaddress and amount, and nothing...

what steps worked for you??


appreciate the help
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