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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4395556 times)
pönde
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July 06, 2018, 03:46:21 PM
 #39441

What is the equation of amount of XMR mined per block?

I found this.

Quote
The Monero block reward = (M - A) * 2-20 * 10-12
where A = current circulation.
           M = the max supply? Which is about 18 000 000?
https://monero.stackexchange.com/questions/242/how-was-the-monero-emission-curve-chosen

But by any number of A, the amount of mined coins per block is way too less. For example now the current circulation is about 16 000 000 XMR, so by that the equation gives coins mined per block 0,00000000019073486328125

What I do not understand? What is the right formula?
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kamaljit.singh
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July 06, 2018, 04:10:54 PM
 #39442

We are PROUD to announce @hyc_symas CTO @SymasCorp & @SecurityGuyPhil [Philip Martin], VP Security @coinbase, as our #KeyNote Speaker of @monero Project + @BCOSvillage at @defcon 26 Smiley Detailed schedule https://bcosvillage.org/events/index.html
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July 06, 2018, 04:22:25 PM
 #39443

We are PROUD to announce @hyc_symas CTO @SymasCorp & @SecurityGuyPhil [Philip Martin], VP Security @coinbase, as our #KeyNote Speaker of @monero Project + @BCOSvillage at @defcon 26 Smiley Detailed schedule https://bcosvillage.org/events/index.html

Coinbase confirmed. Buy b42l8.
dEBRUYNE
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July 06, 2018, 04:51:50 PM
 #39444

What is the equation of amount of XMR mined per block?

I found this.

Quote
The Monero block reward = (M - A) * 2-20 * 10-12
where A = current circulation.
           M = the max supply? Which is about 18 000 000?
https://monero.stackexchange.com/questions/242/how-was-the-monero-emission-curve-chosen

But by any number of A, the amount of mined coins per block is way too less. For example now the current circulation is about 16 000 000 XMR, so by that the equation gives coins mined per block 0,00000000019073486328125

What I do not understand? What is the right formula?

You have to multiply A with 10^12. In addition, the formula has to be multiplied by 2 to account for the block time change (from 1 minute blocks to 2 minute blocks). The formula is described in more detail here:

https://getmonero.org/2017/12/11/A-note-on-fees.html

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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July 06, 2018, 04:54:14 PM
 #39445

Nice to see bugs found and fixed fastly after the release of Ledger GUI guides.

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July 07, 2018, 02:35:56 PM
 #39446

https://minexpay.com/

Pay with Crypto Instantly Anywhere  I hope Monero coming soon as payable  Coin Cool
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July 07, 2018, 05:37:34 PM
 #39447

We are PROUD to announce @hyc_symas CTO @SymasCorp & @SecurityGuyPhil [Philip Martin], VP Security @coinbase, as our #KeyNote Speaker of @monero Project + @BCOSvillage at @defcon 26 Smiley Detailed schedule https://bcosvillage.org/events/index.html

Coinbase confirmed. Buy b42l8.

HYC's arguments to change the licensing scared me. what are your thoughts on that?

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July 07, 2018, 08:36:57 PM
 #39448

We are PROUD to announce @hyc_symas CTO @SymasCorp & @SecurityGuyPhil [Philip Martin], VP Security @coinbase, as our #KeyNote Speaker of @monero Project + @BCOSvillage at @defcon 26 Smiley Detailed schedule https://bcosvillage.org/events/index.html

Coinbase confirmed. Buy b42l8.

HYC's arguments to change the licensing scared me. what are your thoughts on that?

I seriously doubt the license will be changed to anything more restrictive.
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July 07, 2018, 10:13:20 PM
 #39449

We are PROUD to announce @hyc_symas CTO @SymasCorp & @SecurityGuyPhil [Philip Martin], VP Security @coinbase, as our #KeyNote Speaker of @monero Project + @BCOSvillage at @defcon 26 Smiley Detailed schedule https://bcosvillage.org/events/index.html

Coinbase confirmed. Buy b42l8.

HYC's arguments to change the licensing scared me. what are your thoughts on that?

I seriously doubt the license will be changed to anything more restrictive.

M$ EULA when?

acdc
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July 08, 2018, 01:25:21 AM
 #39450

Nice to see bugs found and fixed fastly after the release of Ledger GUI guides.

Have the monero devs given the all clear on using Ledger with XMR yet, or is this still an experimental phase?

Do we need to buy a new Ledger, or will old versions still work with XMR with a firmware upgrade?

So pumped for this!!
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July 08, 2018, 01:30:58 AM
 #39451

The technical strength of the Monero coin project team is very strong. The team's style of doing things is steady and steady, and it is worth holding for a long time.
kamaljit.singh
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July 08, 2018, 02:35:41 AM
 #39452

1 YEAR ANNIVERSARY! Join the July 2018 Monthly Monero Meetup in Berlin this Thursday at 7pm at Room77. More info here: https://www.meetup.com/en-AU/Monero-Berlin/events/gktsfpyxkbqb/ … // @themonera @fluffypony
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July 08, 2018, 07:50:52 AM
 #39453

price now 136$. one the most stable coins in term of price against btc
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July 08, 2018, 02:36:28 PM
 #39454

How do I buy Monero completely anonymously and how can I buy it anonymously? Sorry, I' m completely new and would be glad about some explanations.


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dartanian23
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July 08, 2018, 03:04:13 PM
 #39455

I reviewed LocalMonero.co and found that almost every listing does not accept payments from New Yorkers. Why?

jwinterm
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July 08, 2018, 03:11:38 PM
 #39456

I reviewed LocalMonero.co and found that almost every listing does not accept payments from New Yorkers. Why?

New York has a state law known as BitLicense which makes it a lot more onerous to operate any kind of cryptocurrency exchange there:
https://en.wikipedia.org/wiki/BitLicense

Synthetic Ice
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July 08, 2018, 04:01:35 PM
 #39457

How do I buy Monero completely anonymously and how can I buy it anonymously? Sorry, I' m completely new and would be glad about some explanations.
Legendary - newbie  Grin
Well thats easy, you can buy monero coins on any exchange and withdraw to the wallet. The transaction to any wallet will be anonymous.

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July 08, 2018, 04:55:29 PM
 #39458

How do I buy Monero completely anonymously and how can I buy it anonymously? Sorry, I' m completely new and would be glad about some explanations.
Legendary - newbie  Grin
Well thats easy, you can buy monero coins on any exchange and withdraw to the wallet. The transaction to any wallet will be anonymous.

I think he wants to know what exchanges don't require KYC info. I'm sure there is at least one, right? Polo certainly isn't one of them.  Angry
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July 08, 2018, 04:57:15 PM
 #39459

I reviewed LocalMonero.co and found that almost every listing does not accept payments from New Yorkers. Why?

New York has a state law known as BitLicense which makes it a lot more onerous to operate any kind of cryptocurrency exchange there:
https://en.wikipedia.org/wiki/BitLicense

On the other hand, if you HAVE the license, you can sleep much easier at night than trying to run a business where there are no regulations wondering what sort of crazy shit the government might cook up to do to you tomorrow.

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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July 08, 2018, 09:34:05 PM
Merited by bones261 (2)
 #39460

How do I buy Monero completely anonymously and how can I buy it anonymously? Sorry, I' m completely new and would be glad about some explanations.
Legendary - newbie  Grin
Well thats easy, you can buy monero coins on any exchange and withdraw to the wallet. The transaction to any wallet will be anonymous.

I think he wants to know what exchanges don't require KYC info. I'm sure there is at least one, right? Polo certainly isn't one of them.  Angry


If you plan to buy small amounts of XMR per each single account (less than roughly $10000 per month):
1) Buy LTC on https://xchange.cash
2) Register at https://binance.com or https://tradeogre.com and deposit your just bought LTC
3) Sell LTC->BTC than buy XMR<-BTC on the exchange selected above
4) Withdraw XMR to you intermediate XMR wallet from the exchange
5) Transfer XMR to you final destination XMR wallet without payment id (view key) - just use default Monero transfer parameters in GUI or CLI (I recommend CLI over GUI STRONGLY).
6) Enjoy 100% pure anonymous XMR.

If you plan to buy more XMR than ~ $10000 per month, simply register the corresponding number of accounts to do steps 1)-6).

P.S. Don't forget to change your IP on each single account. Use VPN or Tor. Smiley
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