Bitcoin Forum
May 21, 2018, 03:57:12 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 [1920] 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 »
  Print  
Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4238041 times)
Whtwabbit
Sr. Member
****
Offline Offline

Activity: 387
Merit: 256



View Profile
March 26, 2018, 10:03:16 PM
 #38381

"1.  The algo change has been pushed back to June."

What is this algo change in June you speak of?

“It's easier to fool people than to convince them that they have been fooled.” Mark Twain
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
grendel25
Legendary
*
Online Online

Activity: 1120
Merit: 1006



View Profile
March 26, 2018, 10:08:43 PM
 #38382

It is fascinating that this thread is to nearly 2000 pages and yet is not considered the go-to place for monero news/updates.  So, I guess this is all grain-of-salt territory.  But I digress...

The point of this post isn't for FUD although it may seem as such.  I've been into XMR since 2014 but don't currently HODL any real position.  I would but am more of a new coin enthusiast and just fascinated with all the opportunity exploding in the cryptocurrency world.  

I think it is important to acknowledge the good work of Monero devs to continue ASIC resistance.  This is really a good thing.  However... yes, here it comes... I can't help but also acknowledge the ongoing risks with such a reality.  This new frontier of ever-changing algorithms will be interesting.  Very interesting to say the very least.  Let's consider:

1.  The algo change has been pushed back to June.  Meanwhile, ASIC miners equating to 200 conventional miners have hit the streets costing 1/200 the cost of a conventional miner and consuming even less energy.  

2.  It will be interesting to watch the price movement in the next few months as we await the algo change.  Will people wisely HODL their ASIC mined Monero or will they dump to ROI?  Maybe both.

3.  And this is where I'll stop my brainstorm... Security.  We are already pushed back several months for development concerns of changing the XMR algorithm.  Now, will this happen again in the future?  Will we have to endure further security risks inherent with more algorithm changes?  Will the new algorithm be better?  Will it be worse?  Why?

Hmmm... that last piece is the one that really has me concerned.  And to assign blame, yes... I would look at ASIC producers.  However, it developers also have to be prepared for this reality.

If the PoW change will be successful without a hitch (and I have confidence in the devs to make it so), it will then become a deterrence (more than anything else) as such implementation could then be repeated as necessary or established as a routine. In fact, I personally think that subsequent/further PoW changes will not be necessary as far as future ASIC threat is concerned. I don't think the usual suspects would gamble when the genie will have been out of the bottle.

Edit: I think PoW change will become a paradigm in the crypto space after Monero's (successful) fork.



I think you're right about this part of the scenario.  I highly doubt ASIC producers would further risk production costs for one-off algo changes. 

This is an interesting turn of events.  In a way, it is good that the ASIC producers have done this because it forces originality in the coin algorithm.  But I'm sure downsides such as development risks come along with that.  But as far as price action goes... It may just be the next few months that really suck for XMR HODL'ers... of course true HODL'ers don't care about such things lol. 

It's really an interesting situation.  I mean, a lot can still happen.  But, I'm in the camp that sees this as a temporary setback for XMR.  But a lot can happen in 30-60 days.

       ▄▄█████████▄▄
    ▄██████▀███▀██████▄
  ▄███████ ▀▀ ████████▄
 ▄██████         ▀██████▄
▄██████   ▄▄███▄▄ ▄███████▄
██████   ▄█████████████████
██████   ████  ▀  █████████
██████   ▀███  ▄███████████
▀██████   ▀▀███▀ ▀███████▀
 ▀██████▄         ▄██████▀
  ▀████████ ▄▄▄ ████████▀
    ▀██████▄███▄██████▀
       ▀▀█████████▀▀
.CriptoReal.██
██
██
██
██
██
██
██
██

██
██

██
██
██
██
██
██
██
██
██
██
██

██
██

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

           ███████████▀
             █████▀▀
              ███
            ▄███▀
              █
..FACEBOOK    TWITTER..
..
DISCORD    TELEGRAM..

▬▬▬▬▬▬▬▬▬▬▬▬▬▬
visdude
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1001


View Profile
March 27, 2018, 02:40:10 AM
 #38383

It is fascinating that this thread is to nearly 2000 pages and yet is not considered the go-to place for monero news/updates.  So, I guess this is all grain-of-salt territory.  But I digress...

The point of this post isn't for FUD although it may seem as such.  I've been into XMR since 2014 but don't currently HODL any real position.  I would but am more of a new coin enthusiast and just fascinated with all the opportunity exploding in the cryptocurrency world.  

I think it is important to acknowledge the good work of Monero devs to continue ASIC resistance.  This is really a good thing.  However... yes, here it comes... I can't help but also acknowledge the ongoing risks with such a reality.  This new frontier of ever-changing algorithms will be interesting.  Very interesting to say the very least.  Let's consider:

1.  The algo change has been pushed back to June.  Meanwhile, ASIC miners equating to 200 conventional miners have hit the streets costing 1/200 the cost of a conventional miner and consuming even less energy.  

2.  It will be interesting to watch the price movement in the next few months as we await the algo change.  Will people wisely HODL their ASIC mined Monero or will they dump to ROI?  Maybe both.

3.  And this is where I'll stop my brainstorm... Security.  We are already pushed back several months for development concerns of changing the XMR algorithm.  Now, will this happen again in the future?  Will we have to endure further security risks inherent with more algorithm changes?  Will the new algorithm be better?  Will it be worse?  Why?

Hmmm... that last piece is the one that really has me concerned.  And to assign blame, yes... I would look at ASIC producers.  However, it developers also have to be prepared for this reality.

If the PoW change will be successful without a hitch (and I have confidence in the devs to make it so), it will then become a deterrence (more than anything else) as such implementation could then be repeated as necessary or established as a routine. In fact, I personally think that subsequent/further PoW changes will not be necessary as far as future ASIC threat is concerned. I don't think the usual suspects would gamble when the genie will have been out of the bottle.

Edit: I think PoW change will become a paradigm in the crypto space after Monero's (successful) fork.



I think you're right about this part of the scenario.  I highly doubt ASIC producers would further risk production costs for one-off algo changes.  

This is an interesting turn of events.  In a way, it is good that the ASIC producers have done this because it forces originality in the coin algorithm.  But I'm sure downsides such as development risks come along with that.  But as far as price action goes... It may just be the next few months that really suck for XMR HODL'ers... of course true HODL'ers don't care about such things lol.  

It's really an interesting situation.  I mean, a lot can still happen.  But, I'm in the camp that sees this as a temporary setback for XMR.  But a lot can happen in 30-60 days.

I wonder how significant is the threat of FPGAs though since they are programmable.

There are always risks involved in any endeavor, most especially in the realm as complex as cryptocurrency development. But no risk, no reward/innovation.

Prices come and go. It's market-driven and still very speculative at this point in time. If the HF affects it at all, it'll be temporary as always. In fact, if the HF will be successful, it'll only excite the speculators. But such is for another thread.

ctya
Member
**
Offline Offline

Activity: 173
Merit: 11


View Profile
March 27, 2018, 03:13:53 AM
 #38384


Just dropping by to say this update to xmrstak supports the upcoming fork automatically, and it works well!

Devcoin (DVC) : 1FjtLsD4w7uzGJCFKa7eMVrrauWE7fvnQU  |  Bitcoin (BTC): 18QBaNA9r383SPcFWE1W7kmZYKSUhTK9nN
Vikhy
Jr. Member
*
Offline Offline

Activity: 111
Merit: 0


View Profile
March 27, 2018, 03:33:15 AM
 #38385

When is the asic resistance fork update expected?

●COTI (http://coti.io)●CURRENCY OF THE INTERNET (http://coti.io)●
tranquynhtien
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
March 27, 2018, 05:05:23 AM
 #38386

What are purposes of the upcoming changes?
To control difficulty fluctuations better with new difficulty adjustments algorithm.
To avoid terrible rise in Monero difficulty due to sudden explosions of total hashrates in Monero network.
To make Monero network more stable.
 
I hope the coming changes will bring us good results for the project, it's miners, its network, it's price. Thanks.

D Digiwage  |  Decentralized Freelance Workplace  |  JOIN OUR WORKPLACE
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬    ANN  Whitepaper  Twitter  Discord  Reddit    ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Source  |  Block explorer / with Masternode  |  Exchange (CryptoBridge)  |  MN Zone  Masternodes Online  |  MNODE Club
Arysum
Jr. Member
*
Offline Offline

Activity: 38
Merit: 50


View Profile WWW
March 27, 2018, 06:43:03 AM
 #38387

We are strong believers in Monero and impressed by the team and the developments of the platform!
Therefor XMR is going to be listed on Arysum.

Do not miss the launch
https://bitcointalk.org/index.php?topic=3200977.0

The Arysum Exchange - A Pool Of Liquidity
Globb0
Legendary
*
Offline Offline

Activity: 1426
Merit: 1064


Revolution calling


View Profile
March 27, 2018, 09:01:53 AM
 #38388



I think you're right about this part of the scenario.  I highly doubt ASIC producers would further risk production costs for one-off algo changes. 



I don't think it changes the model.

ASICS is about front running and making it in a certain time frame. Before everyone catches up and return drops.

ROI must be calculated.

In a way killing all competition leaves a sweet opportunity for someone brave, if they can make enough hay while the sun is shining? they will be happy

On your journey across the wilderness, from the desert to the well, you have strayed upon the motorway to hell.
dEBRUYNE
Legendary
*
Offline Offline

Activity: 1400
Merit: 1067


View Profile
March 27, 2018, 09:47:10 AM
 #38389

What are purposes of the upcoming changes?
To control difficulty fluctuations better with new difficulty adjustments algorithm.
To avoid terrible rise in Monero difficulty due to sudden explosions of total hashrates in Monero network.
To make Monero network more stable.
 
I hope the coming changes will bring us good results for the project, it's miners, its network, it's price. Thanks.

Predominantly that the miner switches smoothly to the tweaked PoW algorithm (i.e. CryptoNight variant v1).

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
crypto_dau
Member
**
Offline Offline

Activity: 224
Merit: 11

Pondrang strawberries


View Profile
March 27, 2018, 02:01:26 PM
 #38390

Predominantly that the miner switches smoothly to the tweaked PoW algorithm (i.e. CryptoNight variant v1).
Got it, thank you very much for your information about algorithm switching.

Arysum
Jr. Member
*
Offline Offline

Activity: 38
Merit: 50


View Profile WWW
March 27, 2018, 03:35:46 PM
 #38391

Predominantly that the miner switches smoothly to the tweaked PoW algorithm (i.e. CryptoNight variant v1).
Got it, thank you very much for your information about algorithm switching.


We will monitor our nodes closely for any anomalies.

The Arysum Exchange - A Pool Of Liquidity
Nathan047
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250



View Profile
March 27, 2018, 03:49:38 PM
 #38392

How would you compare Monero to Prix?
You mean Pivx? That's kind of apples to oranges if you ask me.

Pivx has InstantX, Darksend, and Masternodes; Monero has Ring Signatures.

kosaet
Legendary
*
Offline Offline

Activity: 924
Merit: 1001



View Profile
March 27, 2018, 04:16:28 PM
 #38393

I believe PoW modify will become the paradigm within the crypto area after Monero's fork.

  ░░░  █▓░  ░░░██  █▓░░      ░░ ░░        ░▓░
         ░█▒░░░▓█░░█░▒▓▓▓▒░█▒░            ▒
     ░     ░██▒▓▓▓▓▓
███████▓▓▓▓▓░     █░  ░█░  ░░
░  ░▓░     ░▒▓▓
████████▓▓▓▓▓▓███▓▓▓░   ░██░
  █░      ▒▓
███▓▓▓▓█████▓▓▓▓▓▓█████▓▓  ░█░
  ░░    ░▓▓██▓▓▓▓▓▓▓▓███▓▓▓▓▓▓██████▓░██░
 ░█    ░▓█████▓▓▓▓▓▓▓▓██▓▓▓▓▓████▒▓▓██▓░░███░
░██░░ ░▓██████████▓▓▓▓▓▓▓▓▓▓████▓▓▓▓▓██▓█▓░
   ░█▒▒▓███▓▓▓▓███▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▓▓░░█░
░     ▓██▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓███▓   ░▒
░█    ▓██▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓████████▓    ░░
░██░  ▓██▓▓▓█████▓▓▓▓▓▓▓▓▓▓▓██░▓▓▓▓▓▓░██▓░░
   ▓██▓▓███████▓▓▓▓▓▓▓▓▓▓▓▓▓███▓▓▓▓▓▓█▓▓██
     ░█▓██████▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓████▓▓██▓█  ░█░░
░░ ▒█░░█▓████▓▓▓▓▓███▓▓▓▓████▒▓▓█████▓░   ░▓░
  ░ ▒░██░▓▓██▓▓▓▓▓████▓▓▓▓▓████████████     █
     ░█░  ░▓▓██▓▓▓████▓▓▓▓▓▓▓▒██████████   ░░░░
   ░██░▓    ░▓▓████████▓▓▓▓▓▓██████████████   ▒░
   ░░   ░░     ░▓▓▓▓▓█████▓▓▓▓▓░  ████  ░
    ░░            ░██░░░░░ ░█░░░▓░  ████
   ░░     ░░░░█░ ░█░░   ░░▓█░ ░░█░▒░  ████
          ░░░ ░░░░░    ░██      ▓░      ███
                  █   ░   ▒     ░         ██
Quake Mining      ▄▄▄████▄▄▄
▄▄██████████████████▄▄
         ▀█▀▀
          ██
          ██
          ██
          ██
          ██
         ░██
          ██
          ██
         ░██
          ██
         ░██
   ▄▄▄▄
 ████████
██████████
██████████
██████████
▀▀▀████▀▀▀
    █▄
   ░██
   ░██
   ░██
    ██
   ░██
   ░██
   ░██
   ░██
Facebook
Twitter
Telegram
visdude
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1001


View Profile
March 27, 2018, 06:25:34 PM
 #38394

I believe PoW modify will become the paradigm within the crypto area after Monero's fork.

You just plagiarized me. I already stated exactly the same thing a few posts above.

visdude
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1001


View Profile
March 27, 2018, 06:49:56 PM
 #38395



I think you're right about this part of the scenario.  I highly doubt ASIC producers would further risk production costs for one-off algo changes. 



I don't think it changes the model.

ASICS is about front running and making it in a certain time frame. Before everyone catches up and return drops.

ROI must be calculated.

In a way killing all competition leaves a sweet opportunity for someone brave, if they can make enough hay while the sun is shining? they will be happy

Then that brave someone would be a fool blinded by extreme greed. He/she is gonna lose big time in such a gamble. Reportedly, it takes at least 5 months to design, tape out and deliver ASIC chips; and the devs already declared that PoW will be modified at every scheduled 6-months fork thereafter (the deterrent).

Psychobitch
Newbie
*
Offline Offline

Activity: 10
Merit: 1


View Profile
March 27, 2018, 08:13:29 PM
 #38396

If or when a asic company does produce a asic miner, they will be the first to mine with it before dumping the used hardware it onto unsuspecting or greedy buyers.

I personally think the hard fork is a good deterrent but it does not solve the real problem. The supply will only stop when the buying stop. They namely bitmain will be back with a bunch of new asic very soon, because that is just the company modus operandi.

The main reason people buy the X3, was because they calculated they could out mine the existing gpu miners and make a huge profit with a fast return on roi. When the fork does occur, there is no real loss for bitmain as they have already used those device 3 months ago to mine and blamed it on botnets. They sold a fair share of the x3 miner, and seeing as how they are willing to reduce their price to $3000, cost of production should be even lower.

But still I do give credits to the monero dev team for standing up and protecting their network and doing whats right for the community.
visdude
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1001


View Profile
March 27, 2018, 08:46:39 PM
 #38397

If or when a asic company does produce a asic miner, they will be the first to mine with it before dumping the used hardware it onto unsuspecting or greedy buyers.

I personally think the hard fork is a good deterrent but it does not solve the real problem. The supply will only stop when the buying stop. They namely bitmain will be back with a bunch of new asic very soon, because that is just the company modus operandi.

The main reason people buy the X3, was because they calculated they could out mine the existing gpu miners and make a huge profit with a fast return on roi. When the fork does occur, there is no real loss for bitmain as they have already used those device 3 months ago to mine and blamed it on botnets. They sold a fair share of the x3 miner, and seeing as how they are willing to reduce their price to $3000, cost of production should be even lower.

But still I do give credits to the monero dev team for standing up and protecting their network and doing whats right for the community.


Then that brave someone would be a fool blinded by extreme greed. He/she is gonna lose big time in such a gamble. Reportedly, it takes at least 5 months to design, tape out and deliver ASIC chips; and the devs already declared that PoW will be modified at every scheduled 6-months fork thereafter (the deterrent).


I had to quote myself just in case you had missed my post which is just right before yours.

Assuming that they'd still be produced, how could such ASIC miners mine XMRs moving forward? If people would still buy them for the purpose of mining XMRs, then such greed-induced stupidity is on them and not on the Monero community.

torrmara
Jr. Member
*
Offline Offline

Activity: 160
Merit: 5


View Profile
March 27, 2018, 10:03:31 PM
 #38398

hey Im trying to figure out some things about cryptonight algo

cn_slow_hash(const void *data, size_t length, char *hash, int variant, int prehashed

what do these params mean and what type of data should be passed in?  Huh Huh

Thanks
Riptide_NVN
Member
**
Offline Offline

Activity: 182
Merit: 16


View Profile
March 27, 2018, 10:48:53 PM
 #38399

I have 2.5.1 xmrig now which is supposed to be ready for the fork.

Will there be an updated wallet released on April 6th @ getmonero.org?

I want to start mining monero after the fork.  Thank you
Anon136
Legendary
*
Offline Offline

Activity: 1498
Merit: 1059



View Profile
March 28, 2018, 04:01:15 AM
Merited by notbatman (1)
 #38400

0.12.0.0 binaries released! https://github.com/monero-project/monero/releases

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Pages: « 1 ... 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 [1920] 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!