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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4641875 times)
drawingthesun
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May 24, 2014, 05:15:47 PM
 #3741

you have quickly identified my ignorance. i thought hero member was someone that was trusted by the community and gave of themselves not because of compensation. i did not know that it was a bought account.
my apologies.

Most hero accounts are not "bought" but some are.

My account has not been purchased, I've had it since post 1!

Anyway, the "titles" on the accounts mean nothing really, I'm not exactly the type of person you'd want advice from. I'm just someone that posts here a lot, that is all.

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dreamspark
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May 24, 2014, 05:23:54 PM
 #3742



ha...
you have quickly identified my ignorance. i thought hero member was someone that was trusted by the community and gave of themselves not because of compensation. i did not know that it was a bought account.
my apologies.

i am asking from the perspective of a computer buyer. alas, this is likely impossible to do. thank you again.

No worries if you have any direct questions there are plenty of people here who will answer you.

Just to say so nobody misunderstands, I wasn't saying all hero accounts were bought just that some are bought and sold is all.
David Latapie
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May 24, 2014, 05:28:05 PM
 #3743

rpietila is a major actor in bitcoin. He is very widely followed. He never bought altcoin before. But he decided to buy Monero. Enjoy the reading.


My take on altcoins

[...]

MRO (Monero)
Okay, there was a reason why I wrote on alts. Cause I have just made my first altcoin investment ever! Monero has a trait which pretty much all other alts lack: slow and geometrically decreasing issuance. At present, only 5% of MRO is mined, and even after 4 years there will still be 20% left to be mined. There is no premine, and the community consists of several people Smiley Furthermore, it is currently a CPU coin, since the 11 hashing algorithms make it difficult to implement for GPU let alone ASIC. These things make it "fair" so that there is no way to amass large stashes except by working for them in the competitive mining or buying in the open market.

The market for the coin is very active and extremely liquid. There was an OTC market in the beginning. MRO was listed in Poloniex 5 days ago and the reception has been good. It has been the most traded coin ever since despite having a market cap of only 1-3 M$! Up to 10% of the outstanding MRO changes hands daily in Poloniex, mitigating the extreme volatility that is plaguing many alts with concentrated ownership.

And now comes the main point: The coin has a feature, which is not implementable in Bitcoin - privacy! It is called CryptoNote, and means that all transactions are mixed in a protocol level. This is imo the most advanced privacy that is currently found in crypto universe, although I am sure that some disagree and let them teach me how I am wrong Wink

The coin is probably circulating quite widely already. New mining is about 30kMRO per day (BTC180), which is about $100k (!) and the price is rising (despite that). This is not a pump and dump coin, because the inflation takes care that new coins are constantly coming to the market. A word of warning though - the market cap may seem lucratively small, but the total issuance of MRO is 20 times the current, which is a little less than that of BTC. Therefore it is easy to compare the relative valuations by just comparing the prices. At 0.006 BTC currently, MRO is not the cheapest coin around (1:166 of BTC). I would advice to not buy hastily, and not participate in bubbles (if any). Mining is also an option.

This is the first altcoin I bought, and I did it during the time when it had been listed in the exchange. My relative position is less than in BTC though, so if only one remains, I would still do better if it is BTC Smiley

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
Reputation threadFree bitcoins: reviews, hints…: freebitco.in, freedoge.co.in, qoinpro
orinoco
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May 24, 2014, 05:41:19 PM
 #3744

Anyone using moneropool.org to mine?

I noticed moneropool.com say they can't accept more miners as they're at capacity (and more than 25% of network hash!), and have moneropool.org at the top of their list of alternatives.

moneropool.org look to be offering a 10% payout bonus?

edit: there's also a new version of cpuminer-multi which doesn't bug out and give all-boooos..  find it here: https://github.com/LucasJones/cpuminer-multi/releases

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drawingthesun
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May 24, 2014, 05:57:26 PM
 #3745

I am going to give some mining a go, I doubt it will be worth my efforts (my lone cpu isn't very good)

I am using the simple miner and connecting to a pool.

EDIT: update.

This is my error:

Quote
stratum_recv_line failed

Anyone know a way around it?
David Latapie
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May 24, 2014, 06:02:32 PM
 #3746

I am going to give some mining a go, I doubt it will be worth my efforts (my lone cpu isn't very good)

I am using the simple miner and connecting to a pool.

This is my error:

Quote
Stratum connection failed: Could not resolve host: http

Anyone know a way around it?
No stratum yet
http://monero.cc/getting-started

Install on Ubuntu:
Code:
sudo apt-get install -y build-essential automake libcurl4-openssl-dev pkg-config && cd ~/monero && rm -rf cpuminer && mkdir cpuminer && cd cpuminer && git clone http://github.com/Lucasjones/cpuminer-multi.git && pushd cpuminer-multi && ./autogen.sh && export CFLAGS="-O3 -march=native" && ./configure && make && unset CFLAGS && popd
Mine
Code:
cd ~/monero/cpuminer/cpuminer-multi && ./minerd -a cryptonight -o extremepool.org:3333 -u 46ctfLBhgyzJm61oTtDfu9GbVhG7ito4fNiQjdZcB5bL3mz5ejQrPD29uEkDHFzCVTHGFqAdG456w6ivYp7K23SiGREUiQe -p xxxx -t 8

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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cisahasa
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May 24, 2014, 06:05:33 PM
 #3747

my setup on 14.04:

sudo apt-get update
sudo apt-get install git make automake screen libcurl4-openssl-dev
git clone https://github.com/LucasJones/cpuminer-multi
cd cpuminer-multi
./autogen.sh
./configure CFLAGS="-O3"
make

drawingthesun
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May 24, 2014, 06:06:06 PM
 #3748



I am using windows.
David Latapie
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May 24, 2014, 06:09:57 PM
 #3749

I am using windows.

Windows 64-bit binaries (0.8.8.2, updated: May 21st)
Windows 64-bit blockchain (place in %AppData%/bitmonero, updated May 21)

There a rumours that a Linux VM is faster than Windows native, but I did not check.

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
Reputation threadFree bitcoins: reviews, hints…: freebitco.in, freedoge.co.in, qoinpro
superresistant
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May 24, 2014, 06:10:49 PM
 #3750


Did you try my tutorial ?

drawingthesun
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May 24, 2014, 06:13:59 PM
 #3751


No I did not. I am having a look now. Although i did like the idea of using the CryptoNote-Easy-Miner

https://github.com/zone117x/cryptonote-easy-miner

As it seemed to do everything for you.
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May 24, 2014, 06:25:37 PM
 #3752

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this
Code:
minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!
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May 24, 2014, 06:28:18 PM
 #3753

Extreme Pool Critical Update
Everyone that is mining at http://mro.extremepool.org please download the latest miner and connect using stratum to the stratum ports.

This latest pool update will be much more stable and fixes the constant reject issue everyone was seeing with the old software/miner and http ports.

My goal today, now that this update is complete, will be to get many miners and get the pool hash rate up.

Enjoy!!

http://www.extremepool.org (BCN) (MRO) (QCN) (XDN) (BBR) (AEON) (ORION) (DSH) (CRR) (INF8)
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May 24, 2014, 06:28:29 PM
 #3754


No I did not. I am having a look now. Although i did like the idea of using the CryptoNote-Easy-Miner

https://github.com/zone117x/cryptonote-easy-miner

As it seemed to do everything for you.

Right, I am preparing an update for my tutorial for cryptonote-easy-miner.

In the meantime you can try with simpleminer to see if you have any connection issue.
equipoise
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Monero (XMR) - secure, private, untraceable


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May 24, 2014, 06:36:21 PM
 #3755

I am using windows.

Windows 64-bit binaries (0.8.8.2, updated: May 21st)
Windows 64-bit blockchain (place in %AppData%/bitmonero, updated May 21)

There a rumours that a Linux VM is faster than Windows native, but I did not check.
This is not the case any more with the May 21st update. I used to mine with VirtualBox with linux, but now the windows native binary is much faster on my core i7. Note that after the May 21st update on my core i7 3rd gen (laptop) and on a friend of mine core i7 4th gen (desktop) I'm now mining with 4 instead of 8 cores, because there is no gain mining with 8. It seems those processors have just 4 AES optimized cores and running 8 threads instead of 4 gives you just 5% speed boost (on my machine) and on my friend's machine it have 10% lower hash rate with 8 cores and is actually faster with 4. If the developers could add an option to select to mine with N AES optimized threads and M not optimized threads this should give additional 36% boost in speed on my machine.

About me | zRMicroArray - phase 2 - Gene Expression Analysis software | [Weed Like to Talk - Bulgaria] Start a wave of cannabis seminars in Europe | Monero weighted average price stats: moneroprice.i2p
BTC: 1KoCX7TWKVGwqmmFw3CKyUSrKRSStueZar | NMC: NKhYEYpe1Le9MwHrwKsdSm5617J4toVar9 | XMR (Tip me a beer OpenAlias Monero address): tip.changetheworldwork.com
[XMR] Monero - A secure, private, untraceable cryptocurrency: 4AyRmUcxzefB5quumzK3HNE4zmCiGc8vhG6fE1oJpGVyVZF7fvDgSpt3MzgLfQ6Q1719xQhmfkM9Z2u NXgDMqYhjJVmc6KX
PeaMine
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May 24, 2014, 06:50:31 PM
 #3756

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this
Code:
minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!

Thanks, perhaps I need to compile a new cpu multi miner from somewhere else? Compiled it just yesterday.
HTTP request failed: Protocol stratum+tcp not supported or disabled in libcurl

Datacenter Technician and Electrician.  If you have any questions feel free to ask me as I am generally bored looking at logs and happy to help during free time.
surfer43
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May 24, 2014, 06:52:09 PM
 #3757

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this
Code:
minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!

Thanks, perhaps I need to compile a new cpu multi miner from somewhere else? Compiled it just yesterday.
HTTP request failed: Protocol stratum+tcp not supported or disabled in libcurl
You have to compile it again, yesterday is too old.  Smiley
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May 24, 2014, 06:54:24 PM
 #3758

MoneroPool.org now uses the stratum protocol on port 7777.  All ports except port 5555 will be switched to the stratum protocol in 24 hours.

To connect, use this
Code:
minerd -a cryptonight -o stratum+tcp://mine.moneropool.org:7777 -u address -p x

More instructions here

Simpleminer is not compatible with the stratum protocol, so please switch to cpuminer if you can.

10% mining bonus for the next 20 blocks!

Thanks, perhaps I need to compile a new cpu multi miner from somewhere else? Compiled it just yesterday.
HTTP request failed: Protocol stratum+tcp not supported or disabled in libcurl
You have to compile it again, yesterday is too old.  Smiley

You are right haha, thanks!

For an i7-2600 on Linux 64bit, any special flags I should do?
For some reason, last version gave 24H per thread, now seems to be doing 19H.

Datacenter Technician and Electrician.  If you have any questions feel free to ask me as I am generally bored looking at logs and happy to help during free time.
cisahasa
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May 24, 2014, 06:58:44 PM
 #3759

got my miners online..
how many coins/day can i expect at Hash Rate: 445.00 H/sec?

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May 24, 2014, 07:00:59 PM
 #3760

Extremepool.org

Stratum now available and new miner released.

https://bitcointalk.org/index.php?topic=615486.msg6807962#msg6807962

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