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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4633345 times)
eizh
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May 20, 2014, 08:24:46 PM
 #2881


PS Re: logo contest. I regret I didn't send at least 1 MRO for the bounty so my voice would actually mean something. But I have to say it's very, very sad to look what's going on. One word: greed. I really appreciate all the work devs did with Monero, but this logo contest...

Actually he did it again, the bounty on 99designs was $500 this morning, now it changed to $300. It's a shame because I like the coin and its technology.

pozmu, the money is about the same, so this is greed for more designs, which benefits the community.

Solid, no it's not. It's $500 as can be seen on the contest main page. I think you misread something on the site?
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May 20, 2014, 08:25:16 PM
 #2882


PS Re: logo contest. I regret I didn't send at least 1 MRO for the bounty so my voice would actually mean something. But I have to say it's very, very sad to look what's going on. One word: greed. I really appreciate all the work devs did with Monero, but this logo contest...

Actually he did it again, the bounty on 99designs was $500 this morning, now it changed to $300. It's a shame because I like the coin and its technology.

Where do you get $300 figure?  

As already been stated by others, the winner will still get 300 MRO if that is what they choose.  I don't think any greed is involved.  Things are happening fast and the people behind Monero have much to do.  Could the change of contest venue have been handled different?  Perhaps, but I don't see any greed/scam behind the decision.  As has been stated by others, the 300 MRO bounty can be chosen by the winner.

There is no issue here.  







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Xdragon
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May 20, 2014, 08:26:21 PM
 #2883

I followed this guide:
https://bitcointalk.org/index.php?topic=613072.0


No pools except http://monero.crypto-pool.fr/ allowed me to connect

I mined all night with 1kh/s, not even 0.000001 in my wallet

Wallet loads proper when I run bitmonerod.exe and try to refresh wallet i get
Error: refresh failed: daemon is busy. Please try later. Blocks received: 0


Could someone please help me get this working? I don't know why the other pools give me errors when connecting and the crypto-pool doesn't.

I think you mistaken 1 H/s to 1 KH/s. The hash rate showed on miner is in H/s.
My mistake it's not 1 Kh/s
(  Hash Rate: 97.22 H/sec ) is what shows on pool. I confused 100h/s as 1kh/s instead of 1,000h/s
What I need help on is the other things mentioned, if you can help with those then that would actually be appreciated
use pool @ minergate.com , and you should get about 1 MRO with current diff and your hash rate.
You have to wait until blockchain is synced in deammon, than you can refresh wallet

How can you guarantee that?

I'm on Extremepool with more than 3 times the hasrate of Minergate and it's quite difficult to find blocks..
because i started mining mro at minergate 7 hours ago, and during that time i mined 0.37 MRO, multiply it by 3.42 and you will get number of coins per 24h. And I also have 100hs hash rate, so that is around 1.26 mro per day.
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May 20, 2014, 08:38:31 PM
 #2884

I am pretty confident* we are the new stealthy elite, gentlemen  Grin


* - unless some serious bugs are disovered

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May 20, 2014, 08:39:57 PM
 #2885



Solid, no it's not. It's $500 as can be seen on the contest main page. I think you misread something on the site?

https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486

Weird, when i'm logged in, there's a big yellow button in the top right that says $300 and if you hover your mouse over it says "The winner will receive a $300 prize"

However if I look at it logged out it says $499 Silver package.

Sounds to me like 99designs takes $200 of the prize money? If that is the case I think we can all agree that is the REAL greed right there  Grin
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May 20, 2014, 08:48:54 PM
 #2886



Solid, no it's not. It's $500 as can be seen on the contest main page. I think you misread something on the site?

https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486

Weird, when i'm logged in, there's a big yellow button in the top right that says $300 and if you hover your mouse over it says "The winner will receive a $300 prize"

However if I look at it logged out it says $499 Silver package.

Sounds to me like 99designs takes $200 of the prize money? If that is the case I think we can all agree that is the REAL greed right there  Grin


Ah, they do a good job hiding that from even the contest buyers. Take the MRO, in that case. Wink
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May 20, 2014, 09:10:46 PM
 #2887

just starting in this, is it better to use easyminer or simple miner?
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May 20, 2014, 09:16:38 PM
 #2888


gmaxwell is one of Bitcoin's most important core devs, so this is not FUD or ignorance. He is a genuine expert. In the altcoin space, a pre-announced launch on this forum is considered 'fair', but it's likely you'd miss it if you only follow Bitcoin communication channels.

Some context is needed. gmaxwell is among those who believe altcoins have little reason to exist (there are many fair reasons to think that, and it's flat-out true for most altcoins). So he likely sees Bytecoin as a testbed for innovation from which Bitcoin can learn, but doesn't care for the ultimate fate of it as a separate currency.

From this perspective, Monero is ruining the party by doing a fair launch and overtaking Bytecoin is usage because Bytecoin devs might now lose interest because their coin isn't getting used. From our community's perspective, it's worth trying to make CryptoNote succeed on its own and only a publicly launched one has the legitimacy required to succeed.

The point about the emission curve is a fair one. Several of us including me wanted to change but the community as a whole didn't like it. It's not a huge deal -- after all Bitcoin has implanted an idea in our heads for how a coin "should" distribute over time, but there's no fundamental theoretical backing.

so he thinks that the only techonology that is worth investing (exisiting is bitcoin) this is no different from the narrow minds that we see here regarding anonimity and the dark coin fanatics who see no reason for any other alt existing in the anonymity space. as educated as he is, he is not above greed, closed mindedness, or any other characteristic that befalls FUD spreaders. His comment was negative and baseless. same as any FUD

I very much doubt gmaxwell is against new technology. After all, you don't have to launch a new altcoin for a new technology - it can be integrated into Bitcoin. He expands more on his views on Zero and CryptoNote here (his name is nullc): https://news.ycombinator.com/item?id=7765455

You can see that he's actually very positive on ring signatures and even recognizes bitcoin as "basically a privacy disaster" in one of the posts.
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May 20, 2014, 09:40:12 PM
 #2889

still wondering how much can i expect with a i6 a day?

Same here. Running an I7 2600 and an FX 4300. Making between 20-25 h/s on a pool. (Low hashrate cause I can't use all cores) What are my expected earnings (Monero) in 24 hours?

The formula is your hash rate times the block reward (currently a bit under 17)  times 86400 divided by the difficulty (currently 96 million)

Cheers! According to your formula that would be 0,03 MRO per day... Not really worth the extra heat and effort I guess. (Free electricity)

It's actually 0.3 and it is almost certainly profitable over the cost of electricity (unless you pay an awful lot).

If you solo mine you will probably get a higher effective hash rate than the pool. Most days or even weeks you will get nothing though, so this requires a somewhat different mindset.


That can't be right. Or at least that isn't the reality. I have 150h and i average half a coin at best.
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May 20, 2014, 10:00:23 PM
 #2890


gmaxwell is one of Bitcoin's most important core devs, so this is not FUD or ignorance. He is a genuine expert. In the altcoin space, a pre-announced launch on this forum is considered 'fair', but it's likely you'd miss it if you only follow Bitcoin communication channels.

Some context is needed. gmaxwell is among those who believe altcoins have little reason to exist (there are many fair reasons to think that, and it's flat-out true for most altcoins). So he likely sees Bytecoin as a testbed for innovation from which Bitcoin can learn, but doesn't care for the ultimate fate of it as a separate currency.

From this perspective, Monero is ruining the party by doing a fair launch and overtaking Bytecoin is usage because Bytecoin devs might now lose interest because their coin isn't getting used. From our community's perspective, it's worth trying to make CryptoNote succeed on its own and only a publicly launched one has the legitimacy required to succeed.

The point about the emission curve is a fair one. Several of us including me wanted to change but the community as a whole didn't like it. It's not a huge deal -- after all Bitcoin has implanted an idea in our heads for how a coin "should" distribute over time, but there's no fundamental theoretical backing.

so he thinks that the only techonology that is worth investing (exisiting is bitcoin) this is no different from the narrow minds that we see here regarding anonimity and the dark coin fanatics who see no reason for any other alt existing in the anonymity space. as educated as he is, he is not above greed, closed mindedness, or any other characteristic that befalls FUD spreaders. His comment was negative and baseless. same as any FUD

I very much doubt gmaxwell is against new technology. After all, you don't have to launch a new altcoin for a new technology - it can be integrated into Bitcoin. He expands more on his views on Zero and CryptoNote here (his name is nullc): https://news.ycombinator.com/item?id=7765455

You can see that he's actually very positive on ring signatures and even recognizes bitcoin as "basically a privacy disaster" in one of the posts.

Why wouldn't the Bytecoin community want to change the retarded curve emmision? does this even need an answer.

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May 20, 2014, 10:12:24 PM
 #2891

I followed this guide:
https://bitcointalk.org/index.php?topic=613072.0


No pools except http://monero.crypto-pool.fr/ allowed me to connect

I mined all night with 1kh/s, not even 0.000001 in my wallet

Wallet loads proper when I run bitmonerod.exe and try to refresh wallet i get
Error: refresh failed: daemon is busy. Please try later. Blocks received: 0


Could someone please help me get this working? I don't know why the other pools give me errors when connecting and the crypto-pool doesn't.

I think you mistaken 1 H/s to 1 KH/s. The hash rate showed on miner is in H/s.
My mistake it's not 1 Kh/s
(  Hash Rate: 97.22 H/sec ) is what shows on pool. I confused 100h/s as 1kh/s instead of 1,000h/s
What I need help on is the other things mentioned, if you can help with those then that would actually be appreciated
use pool @ minergate.com , and you should get about 1 MRO with current diff and your hash rate.
You have to wait until blockchain is synced in deammon, than you can refresh wallet

How can you guarantee that?

I'm on Extremepool with more than 3 times the hasrate of Minergate and it's quite difficult to find blocks..
because i started mining mro at minergate 7 hours ago, and during that time i mined 0.37 MRO, multiply it by 3.42 and you will get number of coins per 24h. And I also have 100hs hash rate, so that is around 1.26 mro per day.

Oh, ok. I see. Let's talk again tomorrow when no block comes around for 12 hours Wink
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May 20, 2014, 10:23:43 PM
 #2892

Monero will surpass Dark, I think it's still cheap.

Behold the Tangle Mysteries! Dare to know It's truth.

- Excerpt from the IOTA Sacred Texts Vol. I
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May 20, 2014, 10:24:58 PM
 #2893

Monero will surpass Dark, I think it's still cheap.

It has the potential to do that. Based on the technicals at least.
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May 20, 2014, 10:36:43 PM
 #2894

This coin looks interesting.
Does this coin have the longevity to continue to grow in price and adoption?

From my point of view yes, it offers something very different to a lot of other coins.

What do you believe proves evidence of those things?
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May 20, 2014, 10:51:55 PM
 #2895

No one is saying that gmaxwell is against new technology. He also seems to recognize Bitcoin's drawbacks. He just seems to want to polish a turd rather than turn out something new and overall better than Bitcoin. The Satoshi code base is pretty awful, I think most would agree. As you said, gmaxwell agrees that BTC is not very good when it comes to privacy. But he almost seems emotionally attached to Bitcoin - preferring to constantly maintain a coin that honestly was a proof of concept more than anything, and is slowly becoming outdated, rather than start from scratch with what we've learned and make something far better.

I agree with everything you wrote. But let's try to keep it on topic here.

BTW, 100 million difficulty, wow!
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May 20, 2014, 10:57:37 PM
 #2896


gmaxwell is one of Bitcoin's most important core devs, so this is not FUD or ignorance. He is a genuine expert. In the altcoin space, a pre-announced launch on this forum is considered 'fair', but it's likely you'd miss it if you only follow Bitcoin communication channels.

Some context is needed. gmaxwell is among those who believe altcoins have little reason to exist (there are many fair reasons to think that, and it's flat-out true for most altcoins). So he likely sees Bytecoin as a testbed for innovation from which Bitcoin can learn, but doesn't care for the ultimate fate of it as a separate currency.

From this perspective, Monero is ruining the party by doing a fair launch and overtaking Bytecoin is usage because Bytecoin devs might now lose interest because their coin isn't getting used. From our community's perspective, it's worth trying to make CryptoNote succeed on its own and only a publicly launched one has the legitimacy required to succeed.

The point about the emission curve is a fair one. Several of us including me wanted to change but the community as a whole didn't like it. It's not a huge deal -- after all Bitcoin has implanted an idea in our heads for how a coin "should" distribute over time, but there's no fundamental theoretical backing.

so he thinks that the only techonology that is worth investing (exisiting is bitcoin) this is no different from the narrow minds that we see here regarding anonimity and the dark coin fanatics who see no reason for any other alt existing in the anonymity space. as educated as he is, he is not above greed, closed mindedness, or any other characteristic that befalls FUD spreaders. His comment was negative and baseless. same as any FUD

I very much doubt gmaxwell is against new technology. After all, you don't have to launch a new altcoin for a new technology - it can be integrated into Bitcoin. He expands more on his views on Zero and CryptoNote here (his name is nullc): https://news.ycombinator.com/item?id=7765455

You can see that he's actually very positive on ring signatures and even recognizes bitcoin as "basically a privacy disaster" in one of the posts.

No one is saying that gmaxwell is against new technology. He also seems to recognize Bitcoin's drawbacks. He just seems to want to polish a turd rather than turn out something new and overall better than Bitcoin. The Satoshi code base is pretty awful, I think most would agree. As you said, gmaxwell agrees that BTC is not very good when it comes to privacy. But he almost seems emotionally attached to Bitcoin - preferring to constantly maintain a coin that honestly was a proof of concept more than anything, and is slowly becoming outdated, rather than start from scratch with what we've learned and make something far better.

While Ring Signatures is a innovative aspect of Cryptonight coins, the algo, Cryptonight, itself is not as good compared to say, x11, or even scrypt.,.

Polycoin Troopers, Assemble!
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May 20, 2014, 11:03:09 PM
 #2897

is there something wrong with the pools? I mined yesterday with 10 hash each core, 4 cores=40 hash steadily, but today(more like tonight), its getting really though I think... is diff changing, getting harder to mine? Or just some config? I had 4 cores running at 20 h/s some point instead of 40

btw, for fr pool, i5 3350p should be considered medium cpu I guess?

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May 20, 2014, 11:07:24 PM
 #2898

is there something wrong with the pools? I mined yesterday with 10 hash each core, 4 cores=40 hash steadily, but today(more like tonight), its getting really though I think... is diff changing, getting harder to mine? Or just some config? I had 4 cores running at 20 h/s some point instead of 40

btw, for fr pool, i5 3350p should be considered medium cpu I guess?

what pool?
http://extremepool.org is up and working right.  The difficulty of the network is extremely high right now

http://www.extremepool.org (BCN) (MRO) (QCN) (XDN) (BBR) (AEON) (ORION) (DSH) (CRR) (INF8)
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May 20, 2014, 11:07:45 PM
Last edit: April 19, 2015, 08:26:28 AM by Nekomata
 #2899

XMR is the future.
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May 20, 2014, 11:16:13 PM
 #2900

The Satoshi code base is pretty awful, I think most would agree.

Given that bitcoin has been at 5-10bn marketcap and that it's not yet "broken" by some catastrophic flaw after 5 years running, most would say it's pretty good at what it set out to do.

Bytecoin's code base though has yet to pass the test of time.
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