Bitcoin Forum
November 26, 2020, 04:20:07 AM *
News: Bitcointalk Community Awards
 
   Home   Help Search Login Register More  
Pages: « 1 ... 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 [162] 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 ... 2092 »
  Print  
Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4633500 times)
Johnny Mnemonic
Hero Member
*****
Offline Offline

Activity: 795
Merit: 514



View Profile
May 22, 2014, 02:06:57 AM
 #3221

If you want to get rid of Botnets, you need ASICs - if thats better in the End is very questionable.

We don't want to get rid of botnets. We love botnets.

Thank you. I may put that on my sig. Let me try it out for fun:

---
Monero <3 botnets.

Looks good on you  Smiley
1606364407
Hero Member
*
Offline Offline

Posts: 1606364407

View Profile Personal Message (Offline)

Ignore
1606364407
Reply with quote  #2

1606364407
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1606364407
Hero Member
*
Offline Offline

Posts: 1606364407

View Profile Personal Message (Offline)

Ignore
1606364407
Reply with quote  #2

1606364407
Report to moderator
1606364407
Hero Member
*
Offline Offline

Posts: 1606364407

View Profile Personal Message (Offline)

Ignore
1606364407
Reply with quote  #2

1606364407
Report to moderator
1606364407
Hero Member
*
Offline Offline

Posts: 1606364407

View Profile Personal Message (Offline)

Ignore
1606364407
Reply with quote  #2

1606364407
Report to moderator
TooDumbForBitcoin
Legendary
*
Offline Offline

Activity: 1638
Merit: 1001



View Profile
May 22, 2014, 02:11:06 AM
 #3222

Finally got my fx-8320 and am getting around 200H/s. Way better than the 40 I was getting with my phenom x4 840. Hopefully it helps me pay off the new processor now haha!

Please educate me.  What is the power consumption of this 200H/s rig?

Thanks.




▄▄                                  ▄▄
 ███▄                            ▄███
  ██████                      ██████
   ███████                  ███████
    ███████                ███████
     ███████              ███████
      ███████            ███████
       ███████▄▄      ▄▄███████
        ██████████████████████
         ████████████████████
          ██████████████████
           ████████████████
            ██████████████
             ███████████
              █████████
               ███████
                █████
                 ██
                  █
veil|     PRIVACY    
     WITHOUT COMPROMISE.      
▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂
|   NO ICO. NO PREMINE. 
   X16RT GPU Mining. Fair distribution.  
|      The first Zerocoin-based Cryptocurrency      
   WITH ALWAYS-ON PRIVACY.  
|



                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌




   ▄███████
   ████████
   ███▀
   ███
██████████
██████████
   ███
   ███
   ███
   ███
   ███
   ███




     ▄▄█▀▀ ▄▄▄▄▄▄▄▄ ▀▀█▄▄
   ▐██▄▄██████████████▄▄██▌
   ████████████████████████
  ▐████████████████████████▌
  ███████▀▀▀██████▀▀▀███████
 ▐██████     ████     ██████▌
 ███████     ████     ███████
▐████████▄▄▄██████▄▄▄████████▌
▐████████████████████████████▌
 █████▄▄▀▀▀▀██████▀▀▀▀▄▄█████
  ▀▀██████          ██████▀▀
      ▀▀▀            ▀▀▀
AngusCanine
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000

To weird to live To rare to die


View Profile
May 22, 2014, 02:20:57 AM
 #3223

Whats with the big slide down on polinex are there other exchanges with MRO. Would this be a good chance to buy in now?

This is the normal course of events.  I predicted this, and profited by it.  MRO traded off-exchange rose 10x in two weeks, and when it hit the exchange, the initial inflow of fiat pushed it up 4x from there.  By 0.008 the top was obvious, and I sold half of my MRO.  I predicted a bottom at .004 but I was delayed in checking my computer, so I didn't start buying until 0.0027.  I think 0.0026 was the bottom, the end of a slide after one dead-cat bounce.  Now it is reboot time.  The weak hands have shaken out.  The miners who needed liquidity and/or have low long-term confidence in the coin (probably most of them, as miner's have other qualifications) have sold.  I am almost fully loaded again (and in fact have converted some BTC again, since I perceive 0.0026 to be a very very good opportunity).  Thus my actions attest that I think the bottom is in, at the 0.382 fibonnaci retracement level.  If I am wrong however, I will definitely add more (although probably I will recharge BTC from fiat as well, if I spend some on MRO, as I am uncomfortably low on BTC right now) around 0.00128.  I don't expect the next topping level to be lower than 0.0129, and I do not plan to sell any below that unless there is a transient spike, as any low liquidity environment is prone to admit, and I happen to be present for it.  I intend to add to my postion gradually until it meets my long-term goals.

(My conceit is that by smoothing out the volatility spikes, I add a valuable service, which aids in price discovery, and creates the humane reassurances of relative price stability.  Folks don't mind a gradual rise, but large sharp swings creates a kind of justifiable skepticism, and a degree of fear regarding where the price will be when liquidity is required.   "Gradual" is relative to the exchange history, of course.  I definitely find it enjoyable and personally lucrative to provide this service.  Probably I should spend more time writing code, and less time trading and talking.  I am not an MRO code contributor so far.  I am extremely well qualified to be one, however, at least technically.)

I would advise anyone (who is a friend, not an enemy) with discretionary investment funds to allocate a portion to MRO, because the chances are not bad that MRO will become the dominant privacy-enhanced liquidity vehicle of the coming decade, and in my estimation such a vehicle should command a market cap in the range of trillions of USD, once it reaches maximum penetration.  Even a small chance of such an outcome is worthy of attention in any rational portfolio.  On a time-scale of decades, the present price is largely irrelevant to the decision.  If you don't need to spend the money before 2020, then don't think twice about the price, just think about how much you want to lock up over that time (and the costs likely to arise if MRO proved to be the wrong vehicle, and you needed to switch horses) and then enter by dollar cost averaging.  It is truly hard to muck it up if you diligently apply dollar cost averaging.  If that is beneath you, you are a trader and have no need of my advice.

I personally currently aim to hold a long-term position of 8 BTC to 1 MRO, as MRO grows, as well as a short term trading position which is 10% of my crypto and fluctuates between MRO and BTC, in addition to my non-crypto investments (mostly swaps and spreads).  My risk tolerance is higher than most.





wow I hope someday I could write something like that, but in the mean time I will continue to weld metal together and invest in alt coins. I thank you for the insight kind Sir

Www.nixplatform.io
Johnny Mnemonic
Hero Member
*****
Offline Offline

Activity: 795
Merit: 514



View Profile
May 22, 2014, 02:21:30 AM
 #3224

Well if not Botnets then who is making money mining?  I have had 4 computers mining 24/7 for several days for a grand total of 0.16  MRO.  So clearly this isn't profitable for anyone who isn't running a massive botnet.

Those were either very low end computers or you got screwed by polls not working very well (I tried to warn everyone), using an unoptimized miner, or just getting unlucky. A single 4770 class machine (very roughly 100 h/s IIRC) should make about a coin and a half per day at 100M difficulty (and it wasn't that high until the past few days). That's roughly 100 times what you got. Not right.


if I solo mine by typing "start_mining 8" from my wallet I get about 63 H/s. I'm using win7 on an i7 930 CPU.
xxnirvana69xx
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
May 22, 2014, 02:26:27 AM
 #3225

Finally got my fx-8320 and am getting around 200H/s. Way better than the 40 I was getting with my phenom x4 840. Hopefully it helps me pay off the new processor now haha!

Please educate me.  What is the power consumption of this 200H/s rig?

Thanks.


The fx-8320 is a 125w 4 physical, 8 logical processor. I was getting 205H/s solo mining. I was only getting 40H/s on a phenom x4 95w.
smooth
Legendary
*
Offline Offline

Activity: 2590
Merit: 1167



View Profile
May 22, 2014, 02:32:40 AM
 #3226

Well if not Botnets then who is making money mining?  I have had 4 computers mining 24/7 for several days for a grand total of 0.16  MRO.  So clearly this isn't profitable for anyone who isn't running a massive botnet.

Those were either very low end computers or you got screwed by polls not working very well (I tried to warn everyone), using an unoptimized miner, or just getting unlucky. A single 4770 class machine (very roughly 100 h/s IIRC) should make about a coin and a half per day at 100M difficulty (and it wasn't that high until the past few days). That's roughly 100 times what you got. Not right.


if I solo mine by typing "start_mining 8" from my wallet I get about 63 H/s. I'm using win7 on an i7 930 CPU.

Not bad. You will get about 2/3 of what I said on average, although luck will play a large role. You may have to wait a week or more to get single block on four computers. Then again you might get two in one day. Patience will pay off here much better than 0.01 MRO per machine per day.

xxnirvana69xx
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
May 22, 2014, 02:39:32 AM
 #3227

https://lh6.googleusercontent.com/-dIoflm7w3Xc/U31jINVn_4I/AAAAAAAABVo/NbYV-rhqra4/w884-h497-no/mining.jpg
If it helps...
georgeandy
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
May 22, 2014, 03:02:44 AM
 #3228

Focus on the coin, the market will sort everything else out. That said I still believe that the coin distribution is terrible right now but getting better every day.

Disclaimer: I hold both DRK and MRO.

DRK maybe is diffcult to be doubled from now...But MRO  just in the beginning I think Grin
33zer0w0lf
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile WWW
May 22, 2014, 03:23:53 AM
 #3229


Extreme Pool

Extremepool has been updated yet again!! Come see our new features and visit us @ https://bitcointalk.org/index.php?topic=615486.0


http://www.extremepool.org (BCN) (MRO) (QCN) (XDN) (BBR) (AEON) (ORION) (DSH) (CRR) (INF8)
Coindacioius
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
May 22, 2014, 04:21:13 AM
 #3230

RC3 Progress Report

I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.  Grin

Looks like Darkcoin won't be implementing ring signatures, awesome!  Monero will remain a unique competitor.
sorryforthat
Hero Member
*****
Offline Offline

Activity: 952
Merit: 500



View Profile
May 22, 2014, 04:33:18 AM
 #3231

RC3 Progress Report

I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.  Grin

Looks like Darkcoin won't be implementing ring signatures, awesome!  Monero will remain a unique competitor.

My bet is that the devs looked at it, realized they were in way too deep, and then put out some PR bullshit.

All I get from this is the Darkcoin Devs seem worried about the userbase and are saying what ever to keep them engaged.
scroogeMcDuck
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
May 22, 2014, 04:43:21 AM
 #3232

RC3 Progress Report

I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.  Grin

Looks like Darkcoin won't be implementing ring signatures, awesome!  Monero will remain a unique competitor.

Hopped on this boat at the right time. Monero is the most developed cryptonote coin at the moment. It's even listed on coinmarketcap already. I cannot buy enough of these things. Bytecoin keeps lagging behind while monero plows ahead with progress.

Also I hear a GUI wallet could be coming out soon. We'll see  Shocked

Feeling sorry for any darkcoin bagholders right now. Just wish I could have held out for $8/drk :\
eizh
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
May 22, 2014, 05:02:07 AM
 #3233

RC3 Progress Report

I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.  Grin

Looks like Darkcoin won't be implementing ring signatures, awesome!  Monero will remain a unique competitor.

My bet is that the devs looked at it, realized they were in way too deep, and then put out some PR bullshit.

Too obvious.

By the way, as pointed out by gmaxwell, CoinJoin is already available in Bitcoin. The only difference is that this CoinJoin is run by Amazon instead of blockchain.info. Wink
blaaaaacksuit
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250

Who cares?


View Profile
May 22, 2014, 05:34:37 AM
 #3234

RC3 Progress Report

I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.  Grin

Looks like Darkcoin won't be implementing ring signatures, awesome!  Monero will remain a unique competitor.

My bet is that the devs looked at it, realized they were in way too deep, and then put out some PR bullshit.

Too obvious.

By the way, as pointed out by gmaxwell, CoinJoin is already available in Bitcoin. The only difference is that this CoinJoin is run by Amazon instead of blockchain.info. Wink

I doubt he's just making this up.
Simcom
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
May 22, 2014, 05:48:39 AM
 #3235

Are minergate withdrawals broken for anyone else?  Also am trying to withdraw from poloniex with no success. :/
slapper
Legendary
*
Offline Offline

Activity: 1218
Merit: 1018


WOLF.BET - Provably Fair Crypto Casino


View Profile
May 22, 2014, 05:58:27 AM
 #3236

RC3 Progress Report

I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.  Grin

Looks like Darkcoin won't be implementing ring signatures, awesome!  Monero will remain a unique competitor.

My bet is that the devs looked at it, realized they were in way too deep, and then put out some PR bullshit.

Too obvious.

By the way, as pointed out by gmaxwell, CoinJoin is already available in Bitcoin. The only difference is that this CoinJoin is run by Amazon instead of blockchain.info. Wink

I doubt he's just making this up.


No but at the same time he appears somewhat jaundiced with anything not Bitcoin. Apparently he had not heard of Monero which is very strange and then goes on to call QCN as a fairer fork. Come on, we all saw and know that is a big bag of BS

Bytecoin was forked into a coin that the community could participate in from day one.
Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.

The fork also can't claim to be roses and sunshine wrt fairness: As someone very interested in privacy technology and as someone who is usually near the hub of technical discussion in the Bitcoin system, I'd never heard of that fork until just recently— nearly a month after it's start.  And… has a very fast coin distribution, and was started with a difficulty much lower than the network could support. A lot could have been done to improve fairness (e.g. fixing the subsidy to a low level at least until the difficulty crossed the level where the prior system was, or setting the minimum difficulty to a good fraction of the achieved rate), promoting it outside of pools of altcoin speculators (e.g. why do I hear about zerocash 100,000 times for every time I hear about this stuff?), etc.   Not that I think that any of the altcoin stuff is advisable, but if you're going to make a fork on the virtue of fairness wouldn't it behoove you to actually be fair? Smiley

And, of course, the fork has now also been forked. That one at least tames the insanely fast distribution somewhat... but it too doesn't fix any of the worse parts... I can only imagine that we're going to continue to see once a month forks of that stuff— suits me fine, while the technology is interesting and useful, the speculative churn is not.



smooth
Legendary
*
Offline Offline

Activity: 2590
Merit: 1167



View Profile
May 22, 2014, 06:03:27 AM
 #3237

RC3 Progress Report

I've had some substantial progress on DarkSend and have figured out how to make our existing system as secure as ring signatures. Vastly improved security, no bloat (from the ring signatures) and without actually having to trust new cryptography (it hasn't been extensively tested like what DarkSend uses) . So I think it'll give us a HUGE advantage in the coming months. More to come soon, I'm going to start implementing this tomorrow.  Grin

Looks like Darkcoin won't be implementing ring signatures, awesome!  Monero will remain a unique competitor.

My bet is that the devs looked at it, realized they were in way too deep, and then put out some PR bullshit.

Too obvious.

By the way, as pointed out by gmaxwell, CoinJoin is already available in Bitcoin. The only difference is that this CoinJoin is run by Amazon instead of blockchain.info. Wink

I doubt he's just making this up.


No but at the same time he appears somewhat jaundiced with anything not Bitcoin. Apparently he had not heard of Monero which is very strange and then goes on to call QCN as a fairer fork. Come on, we all saw and know that is a big bag of BS

Bytecoin was forked into a coin that the community could participate in from day one.
Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.

The fork also can't claim to be roses and sunshine wrt fairness: As someone very interested in privacy technology and as someone who is usually near the hub of technical discussion in the Bitcoin system, I'd never heard of that fork until just recently— nearly a month after it's start.  And… has a very fast coin distribution, and was started with a difficulty much lower than the network could support. A lot could have been done to improve fairness (e.g. fixing the subsidy to a low level at least until the difficulty crossed the level where the prior system was, or setting the minimum difficulty to a good fraction of the achieved rate), promoting it outside of pools of altcoin speculators (e.g. why do I hear about zerocash 100,000 times for every time I hear about this stuff?), etc.   Not that I think that any of the altcoin stuff is advisable, but if you're going to make a fork on the virtue of fairness wouldn't it behoove you to actually be fair? Smiley

And, of course, the fork has now also been forked. That one at least tames the insanely fast distribution somewhat... but it too doesn't fix any of the worse parts... I can only imagine that we're going to continue to see once a month forks of that stuff— suits me fine, while the technology is interesting and useful, the speculative churn is not.



He someone manages to criticize the MRO distribution curve as "insanely fast" but ignores that BCN, which he is running around praising, is twice as fast as MRO (in addition to the two year premine head start). Honestly I don't think he's paying that much attention to the details, just sees some good ideas. The general view of anything not-bitcoin among the most of the bitcoin crowd is that they are all shitcoins. Most of the time they are right, so you can't entirely blame them.

tifozi
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


View Profile
May 22, 2014, 06:10:59 AM
 #3238


He someone manages to criticize the MRO distribution curve as "insanely fast" but ignores that BCN, which he is running around praising, is twice as fast as MRO (in addition to the two year premine head start). Honestly I don't think he's paying that much attention to the details, just sees some good ideas. The general view of anything not-bitcoin among the most of the bitcoin crowd is that they are all shitcoins. Most of the time they are right, so you can't entirely blame them.



Agreed.

We should have been far more critical of coins that came on top only because they implemented a diff PoW and tweaked distribution/some other minor math. For me there are two main branches and within both there are other sub branches under each.

Transparent Block Chain.
Anonymous Block Chain.

neuroMode
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
May 22, 2014, 06:14:23 AM
 #3239

I hope Darksend Masternode investors did their homework on Ring Signature technology. When coins already exist (Monero) that are more anonymous than Darkcoin/Darksend without requiring centralized nodes only accessible to those rich enough to afford the arbitrary amount, it stands to topple your whole system.

Monero is like a decentralized Darkcoin if you think about it.




Myriadcoin - the first multi-PoW blockchain! (Mine with SHA256 [ASICs], Scrypt [GPU/ASICs], Skein [GPUs], Groestl [GPUs], OR Qubit [CPUs/GPUs]).
Myriad Website // Myriad on Reddit || Myriad Android Wallet || Myriad Electrum Wallet || Multi-vPoW and Block "Tips" - Solution to Parasitic Merged Mining
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
May 22, 2014, 06:34:11 AM
 #3240

promising income for buying 1000 of your premined drk is a clever pump tho, i must admit.  if the exchange value of the income is substantially less than the exch value of the stake was, well, you cant blame the seller for market fluctuations. 

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
Pages: « 1 ... 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 [162] 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 ... 2092 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!