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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4580692 times)
Cora_ED
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June 13, 2018, 04:45:28 PM
 #39041

Recently, around the coin goes a lot of rumors, and not always very good. What do you say good people whether now to buy coins or still wait a little? Such a coin still really want to keep in his portfolio.
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June 13, 2018, 08:53:44 PM
 #39042

Monero is actually much better for autonomy in robots though assuming they want an independent means of sustaining themselves. They wouldn't have to depend on a mining pool and could mine it themselves or they could find better ways to get others to mine. Like as a means of supporting the AI science.
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June 14, 2018, 12:21:26 AM
 #39043

I always assumed it was like 15%.

https://researchcenter.paloaltonetworks.com/2018/06/unit42-rise-cryptocurrency-miners/

Quote
The total hashrate above represents roughly 2% of the global hashing power mining the Monero network. The total hashrate of roughly 19MH/s would result in approximately $30,443 per day based on today’s current exchange rates and network difficulty.

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June 14, 2018, 01:18:24 AM
 #39044

How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?

Just to say, Bulletproofs and Kovri are developed by two separate teams, so they getting progress simultaneously. According to Monero roadmap, both Bulletproofs and Kovri are scheduled this year, I suppose between fall and xmas.


I think BF is qued to roll out on next update (i think it was ready for the last but the devs correctly held it back for testing) and I'm not sure where korvie is.

Ok. How much smaller will Monero's blocks be after the upgrade to Bullet Proofs? Also, what is the average block size of Monero right now?

About 1/10th.

average blocksize: currently 140 kb or so :https://www.moneroblocks.info/stats/block-medians

Quote
I once tried to sync the blockchain but I gave up because it became very slow near the end. I assume that was RingCT making the blocks bigger than it should have been.

u should try again, there have been some improvements, and there will be more soon. Also, get an SSD. It can sync in 5 hours.

It is surprising that the blocks are not that big. I was expecting larger than average bitcoin blocks because of RingCT. But why does syncing slow down very much starting at a definite height? It appeared like Monero had 3mb blocks hehehe.

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......Play......
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June 14, 2018, 01:27:07 AM
 #39045

How closely is the Monero development team pursuing Bulletproofs? I reckon they are on Kovri's development, but is the research group looking at Bulletproofs closely and initial planning for it starting?

Just to say, Bulletproofs and Kovri are developed by two separate teams, so they getting progress simultaneously. According to Monero roadmap, both Bulletproofs and Kovri are scheduled this year, I suppose between fall and xmas.


I think BF is qued to roll out on next update (i think it was ready for the last but the devs correctly held it back for testing) and I'm not sure where korvie is.

Ok. How much smaller will Monero's blocks be after the upgrade to Bullet Proofs? Also, what is the average block size of Monero right now?

About 1/10th.

average blocksize: currently 140 kb or so :https://www.moneroblocks.info/stats/block-medians

Quote
I once tried to sync the blockchain but I gave up because it became very slow near the end. I assume that was RingCT making the blocks bigger than it should have been.

u should try again, there have been some improvements, and there will be more soon. Also, get an SSD. It can sync in 5 hours.

It is surprising that the blocks are not that big. I was expecting larger than average bitcoin blocks because of RingCT. But why does syncing slow down very much starting at a definite height? It appeared like Monero had 3mb blocks hehehe.

For one thing Bitcoin has 1 MB block every 10 min, while Monero has 140 kB block every 2 min let's say, or 0.7 MB of blocks every 10 min. Also, block verification is much slower for Monero than Bitcoin (Cryptonight v. SHA256).
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June 14, 2018, 05:39:59 AM
 #39046

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Millionero
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June 14, 2018, 04:37:16 PM
 #39047

Support thread needs attention.
https://bitcointalk.org/index.php?topic=652305.680
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June 14, 2018, 09:00:45 PM
 #39048

I always assumed it was like 15%.

https://researchcenter.paloaltonetworks.com/2018/06/unit42-rise-cryptocurrency-miners/

Quote
The total hashrate above represents roughly 2% of the global hashing power mining the Monero network. The total hashrate of roughly 19MH/s would result in approximately $30,443 per day based on today’s current exchange rates and network difficulty.

Heard this news too. I did estimate ~25% botnets/viruses and ~25% ASICs in this year beginning. As we can see since April 6, after anti-ASIC hard fork to CryptoNight variant 1, total hash rate became ~1/2 of the previous one. So, actually I did over-estimate botnets/viruses hashrate and under-estimate ASIC hash rate. Now it is evident, ASIC was THE MOST VIOLENT disaster of Monero's hashrate, ~50% of total one!

Now consider botnets/viruses. Most of them might update their mining algo since April 6, or even find new vulnerabilities to inject new mining algo. But total hashrate does not increase, furthermore it does slightly decrease since last Monero price fall at ~June 13. Note, ~2.5 months have been passed since April 6 hard fork. Enough time to improve/upgrade botnets/viruses! So, we CAN NEGLECT botnets/viruses hashrate at all. And this assertion fits with Josh Grunzweig result ~2% (of total hash rate) from the article you mentioned exactly.

From the other hand, essentially the fact that Monero CAN BE mined by viruses does confirm its superior anonymity and decentralization at once. Smart people don't run suspicious software or run them inside a virtual machine jail. Just said.
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June 15, 2018, 12:34:38 AM
 #39049

I always assumed it was like 15%.

https://researchcenter.paloaltonetworks.com/2018/06/unit42-rise-cryptocurrency-miners/

Quote
The total hashrate above represents roughly 2% of the global hashing power mining the Monero network. The total hashrate of roughly 19MH/s would result in approximately $30,443 per day based on today’s current exchange rates and network difficulty.

Heard this news too. I did estimate ~25% botnets/viruses and ~25% ASICs in this year beginning. As we can see since April 6, after anti-ASIC hard fork to CryptoNight variant 1, total hash rate became ~1/2 of the previous one. So, actually I did over-estimate botnets/viruses hashrate and under-estimate ASIC hash rate. Now it is evident, ASIC was THE MOST VIOLENT disaster of Monero's hashrate, ~50% of total one!

Now consider botnets/viruses. Most of them might update their mining algo since April 6, or even find new vulnerabilities to inject new mining algo. But total hashrate does not increase, furthermore it does slightly decrease since last Monero price fall at ~June 13. Note, ~2.5 months have been passed since April 6 hard fork. Enough time to improve/upgrade botnets/viruses! So, we CAN NEGLECT botnets/viruses hashrate at all. And this assertion fits with Josh Grunzweig result ~2% (of total hash rate) from the article you mentioned exactly.

From the other hand, essentially the fact that Monero CAN BE mined by viruses does confirm its superior anonymity and decentralization at once. Smart people don't run suspicious software or run them inside a virtual machine jail. Just said.

Also lets not forget that that study does not have access to private pools so we can assume that they do not have the entire picture.

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June 15, 2018, 02:14:55 AM
 #39050

https://www.youtube.com/watch?v=joAZQXp69Kw&feature=youtu.be …. #xmr @monero @MorphToken @qwkmonero @xcubicle @fluffypony #monero
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June 15, 2018, 03:26:05 AM
 #39051

I’m transferring funds to mymonero wallet and mymonero wallet is not showing my xmr. Blocks behind keeps increasing. Is there a reason for this?
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June 15, 2018, 04:17:42 AM
 #39052

I’m transferring funds to mymonero wallet and mymonero wallet is not showing my xmr. Blocks behind keeps increasing. Is there a reason for this?

Why not just use a regular wallet?

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June 15, 2018, 06:47:03 AM
 #39053

Dash has a bigger market cap, I prefer to invest in the TOP privacy coin! 👍💪😁 good luck to the small cap menero lol

It’s gold for nerds
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June 15, 2018, 09:47:27 AM
 #39054

I always assumed it was like 15%.

https://researchcenter.paloaltonetworks.com/2018/06/unit42-rise-cryptocurrency-miners/

Quote
The total hashrate above represents roughly 2% of the global hashing power mining the Monero network. The total hashrate of roughly 19MH/s would result in approximately $30,443 per day based on today’s current exchange rates and network difficulty.

Heard this news too. I did estimate ~25% botnets/viruses and ~25% ASICs in this year beginning. As we can see since April 6, after anti-ASIC hard fork to CryptoNight variant 1, total hash rate became ~1/2 of the previous one. So, actually I did over-estimate botnets/viruses hashrate and under-estimate ASIC hash rate. Now it is evident, ASIC was THE MOST VIOLENT disaster of Monero's hashrate, ~50% of total one!

Now consider botnets/viruses. Most of them might update their mining algo since April 6, or even find new vulnerabilities to inject new mining algo. But total hashrate does not increase, furthermore it does slightly decrease since last Monero price fall at ~June 13. Note, ~2.5 months have been passed since April 6 hard fork. Enough time to improve/upgrade botnets/viruses! So, we CAN NEGLECT botnets/viruses hashrate at all. And this assertion fits with Josh Grunzweig result ~2% (of total hash rate) from the article you mentioned exactly.

From the other hand, essentially the fact that Monero CAN BE mined by viruses does confirm its superior anonymity and decentralization at once. Smart people don't run suspicious software or run them inside a virtual machine jail. Just said.

Maybe the botnets didn't bother to change over, they would appear to still be running, but against the old fork, wouldn't they?

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June 16, 2018, 12:55:15 AM
 #39055

I always assumed it was like 15%.

https://researchcenter.paloaltonetworks.com/2018/06/unit42-rise-cryptocurrency-miners/

Quote
The total hashrate above represents roughly 2% of the global hashing power mining the Monero network. The total hashrate of roughly 19MH/s would result in approximately $30,443 per day based on today’s current exchange rates and network difficulty.

Heard this news too. I did estimate ~25% botnets/viruses and ~25% ASICs in this year beginning. As we can see since April 6, after anti-ASIC hard fork to CryptoNight variant 1, total hash rate became ~1/2 of the previous one. So, actually I did over-estimate botnets/viruses hashrate and under-estimate ASIC hash rate. Now it is evident, ASIC was THE MOST VIOLENT disaster of Monero's hashrate, ~50% of total one!

Now consider botnets/viruses. Most of them might update their mining algo since April 6, or even find new vulnerabilities to inject new mining algo. But total hashrate does not increase, furthermore it does slightly decrease since last Monero price fall at ~June 13. Note, ~2.5 months have been passed since April 6 hard fork. Enough time to improve/upgrade botnets/viruses! So, we CAN NEGLECT botnets/viruses hashrate at all. And this assertion fits with Josh Grunzweig result ~2% (of total hash rate) from the article you mentioned exactly.

From the other hand, essentially the fact that Monero CAN BE mined by viruses does confirm its superior anonymity and decentralization at once. Smart people don't run suspicious software or run them inside a virtual machine jail. Just said.

Maybe the botnets didn't bother to change over, they would appear to still be running, but against the old fork, wouldn't they?

Only if they were mining on their own pool (and also failed to update their pool), but that's not what we have ever seen for identified malware (like those in the article). It always seems to point at a public pool, in which case it would just stop mining at fork (if the pool updated, but most did).

Also, as stated above, in 2.5 months they would have upgraded by now if they could. Only ASICs can't.
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June 16, 2018, 08:04:36 AM
Last edit: June 16, 2018, 08:29:01 AM by Globb0
 #39056

Thanks for the thoughts, maybe they even lost control of the botnet by now. Anything is possible.

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June 16, 2018, 10:12:14 AM
 #39057

Could someone elaborate about Ledger Nano S Monero support?

Will it be required an upgraded firmware? Will it be native to Ledger Nano S or interface remains Monero Wallet with hardware validation (like MEW and Stellar wallets online)?

Thanks.
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June 16, 2018, 10:31:07 AM
 #39058

I'm also poised to buy a Nano

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June 16, 2018, 10:34:41 AM
 #39059

I'm going to buy some more coins XMR, at the current price on the market really want to do it. But as it has been more than once, when you buy, the price goes even lower. Who thinks the price of monero these days?
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June 16, 2018, 10:56:23 AM
 #39060

against the background of a general market fall, I understand why the price of the coin fell so much, but still I think that the coin is promising and it will still grow

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