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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4245757 times)
florida.haunted
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June 30, 2018, 08:45:58 PM
 #39641

How long is the average verification time for Monero transactions and can this be reduced?

Monero average block time is 2min. Binance requires 3 confirmations for example, so average waiting time ~ 2*3 = 6min. Official CLI/GUI wallet may wait more (not sure, guess 6 confirmations and ~ 2*6 = 12min).
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florida.haunted
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June 30, 2018, 09:32:03 PM
 #39642

What are the technical differences between Monero and Zcash and how does this affect privacy?

Monero:
1) has Cryptonote algorithm to get most of privacy; it is widely described in peer-reviewed mathematical journals and is well known for scientific society for ~20 years; it is highly unlikely that Cryptonote algorithm contains unknown vulnerabilities.
2) has total 'privacy by default' paradigm in end-user business-logic: an end-user must do EXTRA steps to DECREASE his privacy, otherwise his privacy stay at maximum possible level forever; for example, some exchanges require view-key to monitor deposits, this view-key must be apparently set by end-user as extra parameter of a transaction.
3) Privacy of Cryptonote may decrease if there are too few recent transactions on the blockchain, and in few other conditions that are WELL KNOWN and STUDIED; Cryptonote has no kind of 'Initialization trust' that has ZCash (see below).

ZCash:
1) has Zk-snark algorithm to get most of privacy; it is very promising but it is NOT known for scientific society for a long time (just 2-3 years against 20 years for Cryptonote); there is quite significant chance that Zk-snark has unknown vulnerabilities.
2) has NO 'privacy by default' paradigm: furthermore, ZCash transactions are PUBLIC by default; end-user MUST do extra steps to INCREASE his privacy. That steps include not only extra parameters to be applied to a transaction: end-user must pay attention that he DOES NOT transfer money between public-typed addresses and private-typed addresses, otherwise, his anonymity may be lost very easily. This drawback of ZCash was widely discussed on the net recently.
3) MOST TERRIBLE. ZCash as well as other coins that utilize Zk-snark MUST rely on so called 'Initialization trust'. The 'Initialization trust' is a set of secret parameters that should be generated once for the whole blockchain. The devs of ZCash PROMISE YOU they have wiped and fired off that initial secret parameters. DO YOU TRUST IN ZCASH DEVS?! Welcome to the 'Initialization trust'! Smiley

P.S. Oh just forgetting... one little property that has ONLY Monero (of course, we don't consider its various shit-forks):
FUNGIBILITY. This is a property that even fiat money don't have, because each fiat money note has unique serial number: you can mark, trace and distinguish one fiat money note from other one.

Monero's math from the other hand does guarantee that XMR coins have no serial numbers and can't be distinguished from each other. RingCT hides transaction amounts further on the blockchain. So there is no way to trace even XMR coin entities between (already) anonymous addresses. Monero blockchain is the only TOTALLY encrypted.

Final cherry pick we wait this fall is Kovri - a pure C++ i2p implementation that will place all the communication between world-wide Monero nodes into highly secure and anonymous network called i2p (it is much more secure than Tor network - see Wikipedia).

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July 01, 2018, 12:06:26 AM
Merited by Hueristic (1)
 #39643

I just want to be able to pay my pizza delivery guy in xmr. he can know where I live but not know who I am, right? is that too much to ask of earth?

I think when you order pizza delivery guy will at least suspect who you are if not know who you are. But what is important is that he will not know how much money you have and where it come from and what else are you buying.

Imagine this pizza guy check your bitcoin address with which you paid pizza and see that you are also buying pizza from competition and he also see that you tip delivery guy from competition way better then him.   Man I would not want to be in your spot. This guy is delivering you food. You cant make him your enemy.

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kamaljit.singh
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July 01, 2018, 02:54:23 AM
 #39644

"How Monero’s accounts and subaddresses work"
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July 01, 2018, 07:01:38 AM
 #39645

When can we expect the final Monero App for Ledger Nano s to be released? What still needs to happen before it is easily accessible to all?

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July 01, 2018, 07:06:48 AM
 #39646

I just want to be able to pay my pizza delivery guy in xmr. he can know where I live but not know who I am, right? is that too much to ask of earth?

What is the need to ensure privacy of your transaction to buy pizza? Are you on a spouse monitored diet?  Cheesy

No he also does "special" deliveries

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July 01, 2018, 07:27:22 AM
 #39647

Honestly, I used to think that Bitcoin is an anonymous cryptocurrency, but I was wrong. Anonymous cryptocurrency is Monero ))

.

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July 01, 2018, 07:58:22 AM
 #39648

Make sure you use the releases available on the official GitHub Source for MoneroV. I downloaded the whole blockchain.raw and imported it (that too from the official source) when I first used my local node. Now using remote node, quite easy and I got free space on my notebook to store other things.

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July 01, 2018, 02:52:02 PM
 #39649

XMR price has bounced off the bottom a bit. Nice to see =)

I am trying to determine if I should keep mining it or change my CPU resources to something else.

Mining is not profitable for small participants on the long time perspective. It was discussed a lot since 2010-2011 when GPU mining was actual for Bitcoin. Furthermore, you see this spring/summer 2018 is poor and unstable in crypto price terms. Altcoins tend to dim much more, while Bitcoin itself dims a lot. Also note, when Monero price was dumped from $210 to $120, network hashrate did not change at all (now it even increases slowly in time frames of weeks or so).

From the other hand, the experienced crypto-traders can take stable profit in the virtually all the price variations. For example, if the price of a coin given decreases, but not monotonically, the experienced trader does take profit.

So I recommend to switch to trading activities and not only trading: for example, to learn/train the people who want to trade itself is profitable; to produce trade/news signals in a paid group is profitable; etc.

...Or you can get deeper into programming skills and help Monero community to write new code or to test existing apps. There are corresponding money bounties too.

So, there exist many interesting activities that have much more stable and solid profit than mining.

I am mining either way -- just that I have all my CPUs on Monero at the moment... so far have mined 50 XMR since starting on it but I've sold 44 along the way.

I have ~80 kH of CPU power on tap so it's not exactly small... nor is it super large, I suppose. Currently it still makes profit to mine XMR on them... but, as you said, much less than before.

I keep my GPUs on other stuff (also still making profit).

… but what I was wondering is if I should stay on Monero in hopes it will rise again in price or go to another coin... such as ITNS (which I mined for quite a while and HODL quite a few coins).

- Jacob Fuller
- President, Sundown Audio LLC
- GPUs Mining : 292 (Updated 6/7/18) // CPUs Mining : 226 (Updated 6/7/18)
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July 01, 2018, 03:58:44 PM
 #39650

Monero Mining Pool by HeroMiners


Pool Url: https://monero.herominers.com/


https://monero.herominers.com/
Payout threshold 1 XMR
Denomination Unit: 0.1 XMR
Payment Interval: 30 minutes
Pool Fee: 0.5%

Dedicated Server
Can Directly Mining To Exchange (Integrated,paymentID and subaddress support)
Worker hash rate charts
E-Mail Notification Of Miners Down
Configurable minimal payout
Telegram worker and payment notification bot.
Discord Channel: https://discord.gg/gvWSs84
Save your Hashrate!
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July 01, 2018, 06:45:50 PM
 #39651

"How Monero’s accounts and subaddresses work"

Like this:  https://medium.com/@anhdres/how-moneros-accounts-and-subaddresses-work-in-monerujo-4fa7df0a58e4  ?

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[/]
florida.haunted
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July 01, 2018, 07:46:39 PM
Merited by Hueristic (1)
 #39652

Monero Mining Pool by HeroMiners


Pool Url: https://monero.herominers.com/


https://monero.herominers.com/
Payout threshold 1 XMR
Denomination Unit: 0.1 XMR
Payment Interval: 30 minutes
Pool Fee: 0.5%

Dedicated Server
Can Directly Mining To Exchange (Integrated,paymentID and subaddress support)
Worker hash rate charts
E-Mail Notification Of Miners Down
Configurable minimal payout
Telegram worker and payment notification bot.
Discord Channel: https://discord.gg/gvWSs84
Save your Hashrate!

Dear mining pool creators! You do have so much living energy! Just direct it to the smart river...

Could you do something more useful for the society than Yet Another Mining Pool with scam-like Payout threshold = 1 XMR?! We already have SEVERAL DOZENS of good to excellent pools with Payout threshold <= 0.3 XMR.

Furthermore, with your pool's tiny hashrate, one has to wait a week or two before he could confirm your pool is not a scam. Why should he take such a huge risk? There are MANY well-known pools with high hashrate so that pools may pay you up to several times per day.

Please read my full comment describing why mining is almost or definitely NOT profitable:
https://bitcointalk.org/index.php?topic=583449.msg41108057#msg41108057

Pool creation in order to increase decentralization WAS a useful task on the earlier stages of Monero community. Today this task is definitely saturated. Hope you'll find more useful and profitable business.
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July 01, 2018, 08:57:51 PM
 #39653

"How Monero’s accounts and subaddresses work"

Link to article if anyone is interested:

https://medium.com/@anhdres/how-moneros-accounts-and-subaddresses-work-in-monerujo-4fa7df0a58e4

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 02, 2018, 02:26:29 AM
 #39654

$NIX (NIX Platform) and $XMR (Monero) are now live on Nanex! 🚀 For more on $NIX, follow @NIXplatform or go to https://nixplatform.io/  NIX Minimum Withdrawal: 5 NIX, Withdrawal Fee: 1 NIX XMR Minimum Withdrawal: 0.05 XMR, Withdrawal Fee: 0.01 XMR
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July 02, 2018, 08:23:09 AM
Merited by Globb0 (2)
 #39655

Monero Mining Pool by HeroMiners


Pool Url: https://monero.herominers.com/


https://monero.herominers.com/
Payout threshold 1 XMR
Denomination Unit: 0.1 XMR
Payment Interval: 30 minutes
Pool Fee: 0.5%

Dedicated Server
Can Directly Mining To Exchange (Integrated,paymentID and subaddress support)
Worker hash rate charts
E-Mail Notification Of Miners Down
Configurable minimal payout
Telegram worker and payment notification bot.
Discord Channel: https://discord.gg/gvWSs84
Save your Hashrate!

Dear mining pool creators! You do have so much living energy! Just direct it to the smart river...

Could you do something more useful for the society than Yet Another Mining Pool with scam-like Payout threshold = 1 XMR?! We already have SEVERAL DOZENS of good to excellent pools with Payout threshold <= 0.3 XMR.

Furthermore, with your pool's tiny hashrate, one has to wait a week or two before he could confirm your pool is not a scam. Why should he take such a huge risk? There are MANY well-known pools with high hashrate so that pools may pay you up to several times per day.

Please read my full comment describing why mining is almost or definitely NOT profitable:
https://bitcointalk.org/index.php?topic=583449.msg41108057#msg41108057

Pool creation in order to increase decentralization WAS a useful task on the earlier stages of Monero community. Today this task is definitely saturated. Hope you'll find more useful and profitable business.



Thanks for feedback. I changed it.

https://monero.herominers.com/
Payout threshold 0.3 XMR
Denomination Unit: 0.001 XMR
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July 02, 2018, 06:23:42 PM
 #39656

GUI v0.12.2.0 released!

https://www.reddit.com/r/Monero/comments/8vkx2g/gui_v01220_released/

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July 02, 2018, 08:07:15 PM
 #39657


Nice, what does this mean?

Quote
which includes indirect Ledger support

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July 02, 2018, 08:25:35 PM
 #39658


Nice, what does this mean?

Quote
which includes indirect Ledger support

You have to generate the Ledger Monero wallet with the CLI (only once though), but you can subsequently use it with the GUI.

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 03, 2018, 08:04:18 AM
 #39659

I just downloaded the gui for mac from getmonero.org like I always do. 30 seconds after bitdefender goes crazy about ADWARE.MAC.GENERIC 10313 and other on all monero processes. Wtf is going on? Is it just me or what?
I must do a full clean reinstall now for security but why i even got that? Never happened before it's really scary.
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July 03, 2018, 08:44:02 AM
 #39660

I just downloaded the gui for mac from getmonero.org like I always do. 30 seconds after bitdefender goes crazy about ADWARE.MAC.GENERIC 10313 and other on all monero processes. Wtf is going on? Is it just me or what?
I must do a full clean reinstall now for security but why i even got that? Never happened before it's really scary.

Can you run sha256sum on the file that you've downloaded? It should be 298ff610d3c18afe1ae78691fa995d7f0e0ab39cd768de3ce6616e4678ee57b8. If it isn't, you've downloaded malware from a fake website.

It might just be that your antivirus detects the miner in the daemon (but it if this was the case, it should have been tagged as miner instead of generic adware).

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