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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4249224 times)
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April 10, 2018, 06:19:57 AM
 #38721

Monero (XMR) is now more profitable to mine than Ethereum due to the latest hard-fork!

https://bestcrypto.tv/506/monero-hard-fork-monero-classic-original-and-more-free-coins/
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April 10, 2018, 08:12:21 AM
 #38722

After the hard fork, ASICS should be out of the race. But fighting centralisation would also mean kicking botnets out. Do you have any plans for changing the algorithm in a way that botnet mining will become obsolete?
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April 10, 2018, 09:40:51 AM
 #38723


Hello,can anybody drop to me info about Bitcore?
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April 10, 2018, 11:13:57 AM
 #38724


Hello,can anybody drop to me info about Bitcore?


No

“It's easier to fool people than to convince them that they have been fooled.” Mark Twain
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April 10, 2018, 01:12:55 PM
 #38725

If the plan for at least the short term is to fork every 6 months to change mining algorithms. Couldnt a group of colluding developers pick the new algo months in advance and create their own asics or leak the algo to bitmain in advance in exchange for money?

Then when the new algo goes live they can fire up their new pre built asics and attack the network and/or just mine away and take all the profit from new blocks?

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April 10, 2018, 02:36:48 PM
 #38726

After the hard fork, ASICS should be out of the race. But fighting centralisation would also mean kicking botnets out. Do you have any plans for changing the algorithm in a way that botnet mining will become obsolete?

CPU's aren't that efficient. Unless it's an absolutely massive botnet I think we can just think of the operator as another miner. Further he is a miner who is bringing hashing power online that almost certainly wouldn't have been used to secure the network otherwise like your grandmas pentium and your uncles toaster. Asics make real decentralized miners unable to compete in a way that I don't think botnets do. Point is, I don't mind botnet miners. They are going to go somewhere. They are going to point their hashing power at something. I would rather it be us.

Also it isn't clear that there is anything that could be done about that. It would be a very taxing never ending arms race at best. Tweaking the hashing algo every 6 months is something of a never ending arms race, but it's not taxing in that way, it's pretty simple really.

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April 10, 2018, 03:47:39 PM
 #38727

I have been taking a shot at one as an afterthought.. be that as it may, not done.. still parcels to do..
i'm certain somebody will open a pool soon enough.

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April 10, 2018, 03:55:30 PM
 #38728

Hi guys,
Please recommend a XMC pool, THX! Smiley

This is the Monero thread, not the XMC thread Smiley



So far Monero, Sumokoin and Stellite have changed Algo. IPBC is doing it in less then a week. They opted for a heavily changed algo which should be even harder to crack that Sumokoin one.

Is IPBC just increasing the scratchpad size? I don't think that'd help things, we saw with the Balkai ASIC that it didn't seem to change much (the Balkai could do CryptoNight and CryptoNight-Lite)

They will increase the size yes. But I think they are also changing some others things. That is why its taking them long. They wan't to do the best algo change out of all Cryponight coins. I think that is very good, but we will see. I really like the IPBC project.

Otherwise I bow down to Monero devs and community for sticking it up the ass for ASICs. Monero gained a lot of reputation in my eyes.

I second demotion i will support any coin that fights asic unless they are from scrypt or sha256. I think asic should stick to those algo. Kudos to monero team and monero community for choosing to stay as decentralized as possible.

Scypt was the first to thwart ASIC's. Tongue


Here's some Shots of Bitmains compound. The sheer scale is sick.

https://qz.com/1055126/photos-china-has-one-of-worlds-largest-bitcoin-mines/






BTW their electric is all generated by coal.

https://monerohash.com/nodes-distribution.html  stilll indicating ~2700 nodes.  Their hash rate indication has been out of whack for many months, but now appears to be on target at ~400MH/s?  Bye bye ASICs   Grin

I haven't been able to keep tabs well while traveling, but I did manage to contribute my meager laptop to the hash rate for the first 12 hours after the fork.  Good to see the stabilization since that (last contact) point.  Overall, it looks like less drama than I anticipated after those first hours.  Good stuff.

I'm looking forward to a comprehensive analysis of the pool dynamics after the dust settles, I hope the pool operators will give up some raw numbers for this. I also threw some machines on it for the fork but my old hardware isn't what it used to be and my meter spun like a top (I think it's .18 a watt here). I stopped last night when the pool just started rejecting all my shares, I think I was almost up to a Dollar! Cheesy

Can someone please explain this article to me? It says there are 4 different Moneros now. Which one does the original dev team support?

https://news.bitcoin.com/privacy-coin-xmr-splits-into-four-different-monero-protocols/

The new v12 wallet release and that is the ones on all the exchanges. Get it from Git or Getmonero.org


So far Monero, Sumokoin and Stellite have changed Algo. IPBC is doing it in less then a week. They opted for a heavily changed algo which should be even harder to crack that Sumokoin one.

What is IPBC? Link? BTW, not looking for a sales pitch just the link. Wink


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April 10, 2018, 04:14:44 PM
 #38729

https://monerohash.com/nodes-distribution.html  stilll indicating ~2700 nodes.  Their hash rate indication has been out of whack for many months, but now appears to be on target at ~400MH/s?  Bye bye ASICs   Grin

I haven't been able to keep tabs well while traveling, but I did manage to contribute my meager laptop to the hash rate for the first 12 hours after the fork.  Good to see the stabilization since that (last contact) point.  Overall, it looks like less drama than I anticipated after those first hours.  Good stuff.

I'm looking forward to a comprehensive analysis of the pool dynamics after the dust settles, I hope the pool operators will give up some raw numbers for this. I also threw some machines on it for the fork but my old hardware isn't what it used to be and my meter spun like a top (I think it's .18 a watt here). I stopped last night when the pool just started rejecting all my shares, I think I was almost up to a Dollar! Cheesy

Can someone please explain this article to me? It says there are 4 different Moneros now. Which one does the original dev team support?

https://news.bitcoin.com/privacy-coin-xmr-splits-into-four-different-monero-protocols/

The new v12 wallet release and that is the ones on all the exchanges. Get it from Git or Getmonero.org


So far Monero, Sumokoin and Stellite have changed Algo. IPBC is doing it in less then a week. They opted for a heavily changed algo which should be even harder to crack that Sumokoin one.

What is IPBC? Link? BTW, not looking for a sales pitch just the link. Wink


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April 10, 2018, 04:21:32 PM
 #38730

Scypt was the first to thwart ASIC's. Tongue

Which did not lasted all to long. It seems each and every algo is ASICifyable, a company in possession of these capabilities will for sure dominate the whole crypto bussiness until PoS replaces POW.

A PoS fork of monero would be interesting, especially for botnet operators?

Here's some Shots of Bitmains compound. The sheer scale is sick.



According to my memory, watched some interview on youtube long ago, one of these was dedicated Scrypt which made me wonder if scrypt-ASICs only, since at that point in time these didn't dominated the reseller market, has all been GPUs.
Probably 1/8 of these buildings only GPU, 7/8 only Bitcoin, on that picture.
To my knowledge they mined BTC and LTC as a sort of hedge. Influenced my investment strategy, horted 1 LTC along each BTC, too.


Now digging out Ethereum "Classic" how well they did overall, there has been classic conferences and stuff, it's even been mentioned inside Vitalik's last twitter live stream https://twitter.com/VitalikButerin/status/981099888044777472
Hedging each classic variant along with the work-in-progress "original" ? Seems sane to do so.
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April 10, 2018, 04:27:19 PM
 #38731

What is keeping the ASIC price/distribution so prohibitive? I would think the necessity of cheaper versions of these machines in the long-run for PoW survival would’ve incentivized more competition by now. If someone doesn’t come up with a way to break Bitmain’s monopoly soon, PoS is going to exploit this situation and become dominant. I agree the slash-and-burn strategy is the most effective method for now, but eventually you have to open up a supply line and go on offense.

PoS dominancy could originate from ETH miners switching over to XMR one day. As a niche segment the last die hard POW coin project could have a significant lifetime left, still.
On a long enough timeline ... but who can do forecasts lasting 2 monthes in crypto, right?
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April 10, 2018, 04:41:58 PM
 #38732

Scypt was the first to thwart ASIC's. Tongue

Which did not lasted all to long. It seems each and every algo is ASICifyable, a company in possession of these capabilities will for sure dominate the whole crypto bussiness until PoS replaces POW.

YEAH, Only about 3 years when the scams started showing that ripped everyone off and then the real ones hit the market. that is a eternity in this game. LTC started in 2011.


Quote
A PoS fork of monero would be interesting, especially for botnet operators?

What kind of drugs are you doing and can I have some? On second thought mine are pretty heavy and probably work better. Cheesy



Quote

According to my memory, watched some interview on youtube long ago, one of these was dedicated Scrypt which made me wonder if scrypt-ASICs only, since at that point in time these didn't dominated the reseller market, has all been GPUs.
Probably 1/8 of these buildings only GPU, 7/8 only Bitcoin, on that picture.
To my knowledge they mined BTC and LTC as a sort of hedge. Influenced my investment strategy, horted 1 LTC along each BTC, too.

I doubt they are running ANY GPU's now. they have ASICS for everything profitable. They are more than likely powerbound there.


Quote
Now digging out Ethereum "Classic" how well they did overall, there has been classic conferences and stuff, it's even been mentioned inside Vitalik's last twitter live stream
Hedging each classic variant along with the work-in-progress "original" ? Seems sane to do so.

THERE can be no comparison between the 2 and anyone doing so is ill informed at best. THEY made their chain MUTABLE, do you understand what that means?

What is keeping the ASIC price/distribution so prohibitive? I would think the necessity of cheaper versions of these machines in the long-run for PoW survival would’ve incentivized more competition by now. If someone doesn’t come up with a way to break Bitmain’s monopoly soon, PoS is going to exploit this situation and become dominant. I agree the slash-and-burn strategy is the most effective method for now, but eventually you have to open up a supply line and go on offense.

PoS dominancy could originate from ETH miners switching over to XMR one day. As a niche segment the last die hard POW coin project could have a significant lifetime left, still.
On a long enough timeline ... but who can do forecasts lasting 2 monthes in crypto, right?

And this directly conflicts with your first statement, you can't have 2 diametrically opposed views in consecutive posts and expect to be taken seriousley. 2 months is a long time yet 3 to 4 years is not?? WTF are you talking about. You sound like a person with an Agenda and thats gonna get called out real fast here.

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graysoon
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April 10, 2018, 05:12:52 PM
 #38733

what guys I have just seen the global hash rate start to go down again, i think we have hit the new threshold
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April 10, 2018, 06:37:45 PM
 #38734

I wonder where that unknown 16% (80 MH) is coming from? oO
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April 10, 2018, 06:43:17 PM
 #38735

I wonder where that unknown 16% (80 MH) is coming from? oO

Some big eth miner jumping ship.
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April 10, 2018, 07:18:33 PM
 #38736

Monero is a bright future coin

 Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses
 
 A user needs client software, a so-called wallet, to interact with the Monero network. The Monero Project produces the reference implementation of a Monero wallet and there are also third party implementations of Monero clients exist such as Monerujo which also make it possible to use Monero on Android.
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April 10, 2018, 07:30:14 PM
 #38737

Which did not lasted all to long. It seems each and every algo is ASICifyable, a company in possession of these capabilities will for sure dominate the whole crypto bussiness until PoS replaces POW.

A PoS fork of monero would be interesting, especially for botnet operators?

Shouldn't it be, at least theoretically, possible to make a hashing algorithm for which a standard PC is its ASIC? Maybe we will get there one day. Or maybe new algorithms will be developed that get closer and closer every year.

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?
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April 10, 2018, 07:40:50 PM
 #38738

what guys I have just seen the global hash rate start to go down again, i think we have hit the new threshold

wont last much long
when miners mining other coins will see more profitability
they will jump to monero

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April 10, 2018, 08:19:10 PM
 #38739

Monero is a bright future coin

 Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses
 
 A user needs client software, a so-called wallet, to interact with the Monero network. The Monero Project produces the reference implementation of a Monero wallet and there are also third party implementations of Monero clients exist such as Monerujo which also make it possible to use Monero on Android.

when sliding first they must have more network that qualified, therefore monero very easy when do project continuously in this time

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April 10, 2018, 09:19:44 PM
 #38740

Which did not lasted all to long. It seems each and every algo is ASICifyable, a company in possession of these capabilities will for sure dominate the whole crypto bussiness until PoS replaces POW.

A PoS fork of monero would be interesting, especially for botnet operators?

Shouldn't it be, at least theoretically, possible to make a hashing algorithm for which a standard PC is its ASIC? Maybe we will get there one day. Or maybe new algorithms will be developed that get closer and closer every year.

Yes and was about to post how until I realized I am keeping that info to myself. Lol Smiley

Basically an asic is just what it says Application Specific, so in other words it is a stripped down cpu that just has the bear bare (freudian slip?) metal to do the Specific operation that is needed. Therefor nothing that is designed to do more than that specific operation can compete with it as it adds realestate as well as pathways thermal overhead and a host of other roadblocks that are insurmountable unless you can break the laws of physics. Smiley


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