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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4554175 times)
Filmmmakerr
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August 26, 2017, 04:28:23 AM
 #35461

Does monero have a max market supply?

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August 26, 2017, 05:07:18 AM
 #35462

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward. 
vince212
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August 26, 2017, 05:27:57 AM
 #35463

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward. 

wondering why they made supply infinite.

isnt it better to have max coin supply for supply and demand.

large demand and low supply in the future.

or is there any way a coin gets burned?
Mathiau
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August 26, 2017, 05:32:32 AM
 #35464

So will this spike continue for a while or are we thinking new exchange, rush to buy then crash back down?
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August 26, 2017, 06:03:38 AM
 #35465

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward.  

wondering why they made supply infinite.

isnt it better to have max coin supply for supply and demand.

large demand and low supply in the future.

or is there any way a coin gets burned?

I think "infinite" sounds like coins are mass-produced without end, and it's not like that. Here's where your questions are answered:

https://monero.stackexchange.com/questions/23/what-is-the-purpose-of-the-tail-emission

I don't believe this had anything to do with the decision to have a tail emission, but people lose coins. The lose or forget their password, they die without leaving their password with anyone, or, like me, they have their password on a USB key and send it through the washer and dryer...and it's gone. So I like that a tail emission can help negate the effects of human negligence, but it was really added to allow for flexible block size (and so avoids much of the problems BTC is having now) and to provide incentives to miners to secure the network.

Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx
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August 26, 2017, 06:11:49 AM
 #35466

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward. 

wondering why they made supply infinite.

isnt it better to have max coin supply for supply and demand.

large demand and low supply in the future.

or is there any way a coin gets burned?

https://monero.stackexchange.com/questions/9/how-many-monero-will-be-mined-in-total/14#14
synthgauge
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August 26, 2017, 07:00:52 AM
 #35467

These stupid dumbs on r/monero see google trends going up and think it all is coming from search queries by crypto users obsessed with monero. These imbeciles do not even realize it has nothing to do with xmr or localmonero. What u see on google trends charts is an organic interest of mexicans toward josé hernández, known caricaturist, now working for La Jordana. Stupid idiots, they dont even realize what they see on their screens.
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August 26, 2017, 07:12:44 AM
 #35468

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.
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August 26, 2017, 10:12:58 AM
 #35469

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.

Claymore has a 5% dev fee, it mines for the dev on a different pool, so your miner disconnects from monero.crypto-pool.fr and starts mining for the dev elsewhere 5% of the time.

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August 26, 2017, 11:05:57 AM
 #35470

Hey guys I have some problems with the node that I am trying to set up.

Last week I made my monerod synchronized with the blockchain. Today, I am almost done but now it seems to stop at some point and doesn't want to synchronize anymore.


For example I have the following messages with no more progress:

Sync data returned a new top block candidate: 1384892 -> 1385053 [Your node is 161 blocks (0 days) behind]

Sync data returned a new top block candidate: 1384892 -> 1385054 [Your node is 162 blocks (0 days) behind]

Sync data returned a new top block candidate: 1384892 -> 1385055 [Your node is 163 blocks (0 days) behind]


Why is that?
iloveBTCtomuch
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August 26, 2017, 12:26:58 PM
 #35471

Quote
Does monero have a max market supply?

Yes it does, but thanks to the non transparent blockchain it could be possible that there people printing it secretly. And it's not a theory it could have already happen before. In other words you need to trust the code and the dev's that never happens, or will be detected if it is happening.

Proof here:
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html
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August 26, 2017, 12:29:55 PM
 #35472

As a miner, thanks for the temporary price pump from 30USD to 140USD, I've put a little cpu farm to work for me, and it's now very profitable.  Grin
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August 26, 2017, 12:35:01 PM
 #35473

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.

Claymore has a 5% dev fee, it mines for the dev on a different pool, so your miner disconnects from monero.crypto-pool.fr and starts mining for the dev elsewhere 5% of the time.

No, I'm not talking about that. I was mining and hitting a lot of shares, none of them recognized/showing up on the pool for like 5-6 min before any new shares showing at the pool. Also reported hashrate showing at the pool was WAY WAY below what it normally is for a long time.
Just stopped mining after that.

Either the pool is skimming me or someone else is.
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August 26, 2017, 01:04:24 PM
Last edit: August 26, 2017, 01:15:37 PM by igotek
 #35474





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August 26, 2017, 03:44:43 PM
 #35475

damn it... i knew it was mistake to sell 2000 monero for $4.80 last years Sad
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Doomed to see the future and unable to prevent it


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August 26, 2017, 04:16:13 PM
 #35476

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward. 

wondering why they made supply infinite.

isnt it better to have max coin supply for supply and demand.

large demand and low supply in the future.

or is there any way a coin gets burned?

Supply is infinite for many reasons, network security not the least of which. the tail emision is so small it should basically just cover lost coins. Monero is designed to actually be used in the real world it is not designed for P&D speculators. You can see that reflected in it's stability v/s the real Metric USD. Whenever the worth rises it settles to a nice parity with USD until the next rise. You can bank on it (actually that term is really outdated now as you can't trust banks!). Smiley

So will this spike continue for a while or are we thinking new exchange, rush to buy then crash back down?

Send me 1 XMR and I will tell you. Tongue
BTW: this is a question for the speculation thread.
https://bitcointalk.org/index.php

Quote
Does monero have a max market supply?

Yes it does, but thanks to the non transparent blockchain it could be possible that there people printing it secretly. And it's not a theory it could have already happen before. In other words you need to trust the code and the dev's that never happens, or will be detected if it is happening.

Proof here:
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

FUD FUD and more FUD, nice try.

What your actually describing is Zcash who are responsible for spreading these lies. nice try now go away.

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August 26, 2017, 04:18:12 PM
 #35477

Thank you Monero
pönde
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August 26, 2017, 05:07:25 PM
 #35478

Monero Blockchain is now 26,4 Gb.

Block time is two minutes. The block size is at the moment about 0,35Mb. If remains this level for one year, there will be 30*24*365*0,35Mb = 91980Mb = 91,98Gb more after one year.

And the blockchain size will be 26,4Gb + 91,98Gb = 118,38Gb

Well this sure fits in one SSD. But in future there will be problems. There was some solution found to decrease block size to 1/4. There was something few pages back? I guess in this thread? Could someone find it for me? Monero Team should start implement it.

I synced my CLI wallet. I am running Ubuntu on fast SSD. First 1.100.000 blocks came in about 10 hours. Last 280.000 took about 72 hours. Is there any way to speed it up. Internet connection seemed not to be the problem.

Anyway thanks for the Team for great job! Now we enjoy the success.
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August 26, 2017, 05:32:49 PM
 #35479

AES is very heavy, takes serious cpu beating to verify all the blocks, probably why it's taking so long despite the fast connection.

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August 26, 2017, 05:59:58 PM
 #35480

AES is very heavy, takes serious cpu beating to verify all the blocks, probably why it's taking so long despite the fast connection.

Advanced Encryption Standard?
https://en.wikipedia.org/wiki/Advanced_Encryption_Standard

So better CPU and/or more RAM should make sync faster?
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