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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4241913 times)
0xcosmos
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April 10, 2018, 07:40:50 PM
 #38741

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
 #38742

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
 #38743

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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April 11, 2018, 02:34:28 AM
 #38744

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

Boolberries Scratchpad, including the SSD into the mining. Base principle to add SSD, GPU, CPU into the hashing process. If some entitiy manages to create some ASIC brick including all these components, they basically have rebuilt the PC.



Nope, actually no clue. Got woken up by these recent events, now looking for information details. Everything looked nice and fluffy a month ago, and these forks hadn't been announced anywhere. Or did they do beforehand, somebody got a link maybe?
Ethereum "classic" coming as the best reference for POW chain forks that did not expire in a short timespan. Take a comparison look at Bitcoin Gold.

Are they running GPUs, that's a bigger concern - none of the video footage I've ever seen merely hinted upon motherboard wirings and GPU setups. Pictures of single rigs, hobbyist style, do exist. Sometimes even shelfes, garage sized. But not inside that country, not that scale.
They could have afforded to invest into the very same type of technology as their average competition does, as a "just in case" investment. But some depictured would have leaked. Can a secret of that scale stay unveiled?

Ideally, traditional GPU miners should look out for their own supply chain of asic manufactoring. An open source design chip, similar for SHA hashing has been tried. To level the field. There's the crux, this seems to be impossible.

Is "3 years" development and production time somehow observable in this case? Hashrate history diagrams show the timespan of mining gear in productivity, but not their total time of existance.
More serious, drop in hashrate depicts their fair share of coin supply so far, timespan * hashrate-share * emission, and these numbers are just horrible. Nothings as in even distribution does exist if a single entity rapes a XX% (upper double digits) share. How would the resulting rage dump figure out, if somebody spoiled their game?


Conclusion: This is the right time to start mining Monero. And the day to dump all cold store was some days ago. Buying back in is ? weeks ahead from today. Bear with it!


Disclosure: I have a personal Agenda, like in making money, doing crypto, something I can call out on my own. You seem pretty pissed by these recent events? That's just average, most probably nobody was amused.
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April 11, 2018, 02:53:38 AM
 #38745

ASICS kill botnets, as has been seen on Bitcoin.

Botnets have to get differentiated into two branches, the classical ones and javascript powered miners that run inside a browser window.
Since ASICS got killed for at least the next several monthes, isn't it the right time to advertise browser mining somewhat more?
It's advertising bussiness (site visitors reek revenue for the site), just people don't get their screen cluttered with advertisements for stuff they never intend to even buy.

Two drawbacks. Advertisements can (possible) reek in an unlimited revenue, whereas browser mining is severely (hard) capped. Classical botnets are competitors who just might reap the bigger slice of the pie.
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April 11, 2018, 03:03:10 AM
 #38746


Boolberries Scratchpad, including the SSD into the mining. Base principle to add SSD, GPU, CPU into the hashing process. If some entitiy manages to create some ASIC brick including all these components, they basically have rebuilt the PC.

And hence no advantage with net loss.


Disclosure: I have a personal Agenda, like in making money, doing crypto, something I can call out on my own. You seem pretty pissed by these recent events? That's just average, most probably nobody was amused.

Correct, this was foreseen many years ago and should have been ready to go. It's not that I care about the price that much as I hold very little it's that because of this the security of the chain has been weakened.

It should have been announced and immediately added at various points just to stop anyone from believing they could profit from it and as it so happens they did profit so it was worth it so they will do it again. Just like bankers will continue to defraud people because they are rewarded for it.

Disclaimer: If I make money here good but it is not my reason for being here. My time is worth much more than what I acquire on these forums.

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April 11, 2018, 07:53:15 AM
 #38747

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

I just found the profitability of mining ETH and XMR is same now. Both are good for AMD cards.
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April 11, 2018, 03:21:50 PM
 #38748

Is monero changing the algo altogether or it's just a tweak on cryptonight to render asic unusable?

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April 11, 2018, 04:21:45 PM
 #38749

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%
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April 11, 2018, 04:24:57 PM
 #38750

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

So what exactly is the tweak(in plain english) and why can't asics (current) not handle it?

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April 11, 2018, 04:44:49 PM
 #38751

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

why can't asics (current) not handle it?

Because once you've made an ASIC, it's pretty difficult to open it up and start moving things around Smiley

There's nothing stopping anybody adding these changes into the next batch of ASICs, other than time and the fact that it'd be useless again in a few months with the next PoW change.

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April 11, 2018, 05:02:00 PM
 #38752

has anyone facing issue with monero withdrawal on hitbtc exchanges, its been few hours nothing happening

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April 11, 2018, 10:18:49 PM
 #38753

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.

The quality of these bot posts is getting a lot higher, is there a 'dating' bot on the market yet? In a few years talking with a bot could easily be more satisfying than talking to a human, just turn off the nagging feature and I'm in love.
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April 12, 2018, 09:20:27 AM
 #38754

Something's wrong with this picture.

Code:
**********************************************************************
You are now synchronized with the network. You may now start monero-wallet-cli.

Use the "help" command to see the list of available commands.
**********************************************************************
status
Height: 1549383/1549383 (100.0%) on mainnet, not mining, net hash 494.61 MH/s, v7, up to date, 5(out)+0(in) connections, uptime 0d 0h 0m 23s
2018-04-12 08:57:11.422 [P2P2] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:310 [138.128.5.66:18080 OUT]
Sync data returned a new top block candidate: 1549383 -> 1549476 [Your node is 93 blocks (0 days) behind]
SYNCHRONIZATION started
2018-04-12 08:57:59.219 [P2P4] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:1167 [138.128.5.66:18080 OUT]  
Synced 1549403/[b]1549476[/b]

And this

Code:
status
Height: 1549483/1550023 (99.9%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+9(in) connections, uptime 0d 0h 22m 23s
status
Height: 1549483/1549483 (100.0%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+7(in) connections, uptime 0d 0h 23m 34s
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April 12, 2018, 02:34:18 PM
 #38755

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/

There Can Be Only One.  XMR is still XMR.  Anything else is a fraud or a joke at this point.

Original members of the team are still working on Monero?

I'm not aware of any Monero team members who have left to work on any of these forks.

Since 2014 some team members have left for various reasons and some have joined but I think that was not what you were asking.


Thanks! I'm glad that Monero is fine now. Forks look very scammy.
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April 12, 2018, 02:46:10 PM
 #38756

Something's wrong with this picture.

Code:
**********************************************************************
You are now synchronized with the network. You may now start monero-wallet-cli.

Use the "help" command to see the list of available commands.
**********************************************************************
status
Height: 1549383/1549383 (100.0%) on mainnet, not mining, net hash 494.61 MH/s, v7, up to date, 5(out)+0(in) connections, uptime 0d 0h 0m 23s
2018-04-12 08:57:11.422 [P2P2] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:310 [138.128.5.66:18080 OUT]
Sync data returned a new top block candidate: 1549383 -> 1549476 [Your node is 93 blocks (0 days) behind]
SYNCHRONIZATION started
2018-04-12 08:57:59.219 [P2P4] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:1167 [138.128.5.66:18080 OUT]  
Synced 1549403/[b]1549476[/b]

And this

Code:
status
Height: 1549483/1550023 (99.9%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+9(in) connections, uptime 0d 0h 22m 23s
status
Height: 1549483/1549483 (100.0%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+7(in) connections, uptime 0d 0h 23m 34s

Your daemon is probably connected to a bad peer (i.e. a peer that is on the wrong (alternative) v6 chain). It should eventually ban this peer. Also, a restart typically fixes these kind of issues.

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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April 12, 2018, 02:47:05 PM
 #38757

has anyone facing issue with monero withdrawal on hitbtc exchanges, its been few hours nothing happening

Could you post the transaction ID / hash?

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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April 12, 2018, 03:43:42 PM
 #38758

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

why can't asics (current) not handle it?

Because once you've made an ASIC, it's pretty difficult to open it up and start moving things around Smiley

There's nothing stopping anybody adding these changes into the next batch of ASICs, other than time and the fact that it'd be useless again in a few months with the next PoW change.

I understand that a chip cannot be changed after fabbed but I also understand that certain things can be emulated in software. Therefore I would like to know the exact change that a designer would have to add or go around to hash this new algo. Do you see my question now? I tend to think out of the box.

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April 12, 2018, 06:20:03 PM
 #38759

has anyone facing issue with monero withdrawal on hitbtc exchanges, its been few hours nothing happening

Hitbtc exchange sucks, high fees and slow transactions time, low trading volume

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April 12, 2018, 08:02:46 PM
 #38760

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

why can't asics (current) not handle it?

Because once you've made an ASIC, it's pretty difficult to open it up and start moving things around Smiley

There's nothing stopping anybody adding these changes into the next batch of ASICs, other than time and the fact that it'd be useless again in a few months with the next PoW change.

I understand that a chip cannot be changed after fabbed but I also understand that certain things can be emulated in software. Therefore I would like to know the exact change that a designer would have to add or go around to hash this new algo. Do you see my question now? I tend to think out of the box.
The "certain thing that you would have to emulate in software" is something the asic can't do.  So you're back to square one.  I don't see it.
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