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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4565431 times)
dEBRUYNE
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December 28, 2016, 01:49:38 PM
 #33541

When using cli or gui and sending some xmr away, is the exhcange returned to the same address of the seed? So can the wallet files be deleted and later the wallet recovered with the original seed with the exchance and rest of the xmr inside?

Correct.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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December 28, 2016, 01:52:49 PM
 #33542

Call me crazy but I believe this is an optimal time to go short on XMR...  fall back to roughly $4-$5 USD.  I don't think it will fall as much this time but it will consolidate.

I think you have a good point. What bothers me is the speculation and the whales.

If you look you will see that most of Monero's trade is from on particular exchange. One good leg to stand on. Maybe another half-leg. Then some toes.

Whereas Bitcoin has many legs, besides the many exchanges. And I realize that Bitcoin is not private.

If Monero is adopted by more exchanges then I think we could see a serious and stable upswing.

Certainly this exposure is getting Monero noticed, however.

As for Zcash (mentioned as a competitor to Monero) I don't think, based upon it's premine and even if all of the gurus of cryptocurrency pay homage, that it will take off. It can be traced if certain parties allow it during transactions, as I understand it. If that is so, it's a half-measure, attempting to play the middle. Between allowing regulation and providing privatization. There is no such place. It's a simple Bitcoin knock-off with a few new bells and whistles, not to mention the premine -- again.  
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December 28, 2016, 01:53:28 PM
 #33543

I don't need other miners as minergateminers any other suggestions for stable pool?
... tried this minergateminer - it is some joke, sometimes start, sometime stop, hashrate about 10 times lower ... nice.

Well like i told, u can also use ur own miner, i also dont use the miner inside the minergate tool. I use minergate pure as pool / wallet. From the tool i can send my coins to a other address.
https://minergate.com/altminers/claymore-cpu
Here u also see the pool link to XMR and more.

Because indeed, if u try the inside miner for XMR u will get a lower speed then u will get with a other miner. But its a stable pool inclusive a easy use wallet.

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December 28, 2016, 02:05:02 PM
 #33544

Well tried claymor's miner, seems fine, but I need some web monero wallet, suggestion?
And same question, do I need it or I can directly withdraw to exchange from pool wallet?
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December 28, 2016, 02:19:38 PM
 #33545

Well tried claymor's miner, seems fine, but I need some web monero wallet, suggestion?
And same question, do I need it or I can directly withdraw to exchange from pool wallet?

Web wallet is mymonero.com.

Some pools allow you to mine straight to an exchange, but payout threshold will be way higher, and you need to include a payment id with the mining address.
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December 28, 2016, 02:26:20 PM
 #33546

Tnx!
MoneroMooo
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December 28, 2016, 02:29:52 PM
 #33547

Unfortunately, Monero is now facing a new imminent danger. The strength of its network is now much less than it was just a few months ago. As shown by https://monerohash.com/#network, the network is on the verge of being trivially attackable by a single pool (and one whose admin has scammed the Monero community before, so don't think this would "never happen").

This shows that the glut of new miners is only good if decentralization isn't endangered by it. The network hash rate is now at or near the highest it's ever been, and yet the network is more fragile. It is only a small consolation that those who are undermining it are the ones who are trying for short term profit from it, and thus will be those who will lose from it.

It's not quite too late, though. For those of you who may be mining on dwarfpool and who don't intend to undermine the Monero network, choose among the smaller pools on that link, and help secure the network whose longevity is ultimately where your profit comes from.
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December 28, 2016, 02:52:30 PM
 #33548

Dwarfpool on the mission to destroy Monero? Bitcoin currently has the biggest mining pools. Any cryptocurrency that endangers Bitcoin will probably get a major pool to invade that said currency, take it over and... disrupt it.

God I love cryptocurrencies, always exciting!





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DiCE1904
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December 28, 2016, 02:57:48 PM
 #33549

Is there a CUDA miner that has been updated Im not seeing? The hashrate on my 980Ti's isn't that great

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December 28, 2016, 03:00:41 PM
 #33550

Anyone don't mine in this freaked dwarfpool!!!
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December 28, 2016, 03:07:20 PM
 #33551

Unfortunately, Monero is now facing a new imminent danger...trivially attackable by a single pool (and one whose admin has scammed the Monero community before, so don't think this would "never happen")...

Is Monero able to be attacked in the same manner as Bitcoin if one pool garners 51% of the mining power? Or are you talking about another type of attack?
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December 28, 2016, 03:21:48 PM
 #33552

Dwarfpool at 52%...
Hueristic
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December 28, 2016, 03:26:05 PM
 #33553

Can anybody explain why me why Monero is so high market cap compared to other anon coins.

Is it more centralized then others or ? Im looking more into anon coins now but i so many pages to read Cheesy


iT'S THE OPPOSITE, iT'S completely DECENTRALIZED! Smiley

WOOPS SORRY BOUT THE CAPS LOCK. Wink

No need to apologize.  I absolve you.

Be careful in the future, OK?

I shall heed thy warnings sire. Smiley

Call me crazy but I believe this is an optimal time to go short on XMR.  Showing some resistance upward, and major buy walls at around .0071 and .005 mean that price will fall to match the highest liquidity.  As BTC surpasses $1k that hype will drown out XMR.  Remember, buy the hype, sell the news.  GUI is out, hype will die soon.  Don't say I didn't warn you.  It's a risk to go short, but far less of a risk than going long.  What goes up must come down.  Dark market transaction is overly exaggerated, XMR has nowhere near the adoption of a fraction of BTC, not even close. 
Who cares?! Fuck your stupid trading talk and greed. It may or may not be a good time to sell now, but only if you are mainly involved in this project for speculative investments and your personal gains.
Which surprise, surprise many people are not.

I think what he means is that you posted this in the wrong thread. Tongue

And I agree.

Unfortunately, Monero is now facing a new imminent danger...trivially attackable by a single pool (and one whose admin has scammed the Monero community before, so don't think this would "never happen")...

Is Monero able to be attacked in the same manner as Bitcoin if one pool garners 51% of the mining power? Or are you talking about another type of attack?

I don't know any that aren't.

Tell me please, My Monero wallet (https://mymonero.com) safe, stable? Normal use it to store XMR coins?
Thank you for answer. Smiley

NO web wallets are safe PERIOD. Only put what you can afford to lose in them, E.I. pocket change.

Unfortunately, Monero is now facing a new imminent danger. The strength of its network is now much less than it was just a few months ago. As shown by https://monerohash.com/#network, the network is on the verge of being trivially attackable by a single pool (and one whose admin has scammed the Monero community before, so don't think this would "never happen").

This shows that the glut of new miners is only good if decentralization isn't endangered by it. The network hash rate is now at or near the highest it's ever been, and yet the network is more fragile. It is only a small consolation that those who are undermining it are the ones who are trying for short term profit from it, and thus will be those who will lose from it.

It's not quite too late, though. For those of you who may be mining on dwarfpool and who don't intend to undermine the Monero network, choose among the smaller pools on that link, and help secure the network whose longevity is ultimately where your profit comes from.


YES, This is extremely important, I mine infrequently (electric is sky high here) and always pick small pools. The payouts are the same over time. Dwarfpool is run by a scammer so don't say you weren't warned. And mining on your own is not impossible.


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December 28, 2016, 03:26:26 PM
 #33554

Dwarfpool on the mission to destroy Monero?

I have no reason to believe this is the goal.
However, I see this the same way as you don't stand in the middle of traffic even if no car wants to hit you. Don't tempt fate.

And Monero is 51% attackable similarly to Bitcoin, yes. The damage you can do is a bit different (you can't censor old transactions as easily, since private (yay!)), but you can double spend, for example.

I'm adding a pool mining screen to the GUI right now, it'll be in the next release, and should make it easy for people to mine the right way. Go go go!
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December 28, 2016, 03:43:02 PM
 #33555

Dwarfpool on the mission to destroy Monero?

I have no reason to believe this is the goal.
However, I see this the same way as you don't stand in the middle of traffic even if no car wants to hit you. Don't tempt fate.

And Monero is 51% attackable similarly to Bitcoin, yes. The damage you can do is a bit different (you can't censor old transactions as easily, since private (yay!)), but you can double spend, for example.

I'm adding a pool mining screen to the GUI right now, it'll be in the next release, and should make it easy for people to mine the right way. Go go go!

Maybe we should add a rating system in the op for pools? And remove those that get to big until their percentage lowers?

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December 28, 2016, 03:45:03 PM
 #33556

today start a new xmr monero pool about mining for home computers. You can use at this url: http://xmr.foreverpool.org/
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December 28, 2016, 03:51:04 PM
 #33557

The potential for 51% attack on Monero was discussed a few years ago here:

https://www.reddit.com/r/Monero/comments/26lqrp/what_about_51/

...that there can be no double spends. Has that changed?

But what of "breaking consensus?"
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December 28, 2016, 03:53:02 PM
 #33558

Tell me, how much weight blockchain Monero?
And it is possible to run gui-wallet without downloading the entire blockchain?



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|   NO ICO. NO PREMINE. 
   X16RT GPU Mining. Fair distribution.   
|      The first Zerocoin-based Cryptocurrency       
   WITH ALWAYS-ON PRIVACY.   
|



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dEBRUYNE
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December 28, 2016, 05:27:09 PM
 #33559

Tell me, how much weight blockchain Monero?
And it is possible to run gui-wallet without downloading the entire blockchain?

[1] Around 8-9 GB.

[2] Yes, you can use a remote node. However, it is discouraged to use one, because it's detrimental to privacy. Instructions on how to use a remote node with the GUI can be found here:

https://getmonero.org/2016/12/22/monero-core-gui-beta-released.html

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
cryptomaxsun
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December 28, 2016, 05:30:35 PM
 #33560

Tell me, how much weight blockchain Monero?
And it is possible to run gui-wallet without downloading the entire blockchain?

[1] Around 8-9 GB.

[2] Yes, you can use a remote node. However, it is discouraged to use one, because it's detrimental to privacy. Instructions on how to use a remote node with the GUI can be found here:

https://getmonero.org/2016/12/22/monero-core-gui-beta-released.html
Thank you, very grateful!



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



                   ▄▄████
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