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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4669991 times)
CryptAtomeTrader44
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February 13, 2019, 01:16:28 AM
 #40381

You are right, lets keep this about Monero. I'm only interested in the ASIC mining aspect / discussion.

Some see ASIC development as a logical next step in a ongoing hardware evolution within crypto (specifically proof of work crypto).
Kinda like The Borg : highly adaptable and futile to resist...

With regards to centralization : i think that will happen at some point anyways, even with networks with only GPU's.
It will just be in the form of centralized GPU hubs, created by wealthy miners.

There are fundamentally different kinds of centralization. ASICs are extremely special hardware, and their manufacturers NEVER sell them while the mining process by their own ASICs is profitable. So, actual degree of centralization equals to number of ASIC manufacturers in this case. Furthermore, because ASIC manufacturing is a very narrow niche, typically just One ASIC manufacturer of ASICs, designed for specific mining algorithm, remains on the market after short competition wars. Thus degree of centralization become One. Might you know, Bitcoin is heavily centralized, because number of Bitcoin ASICs manufacturers (that ASICs are still effective for mining against current price) ~ 1.

We, the Monero community, the Ethereum community, and many other coins' communities, DENY such a degree of centralization. We want every single man can enter the mining market with relatively cheap COMMON equipment to be bought in almost ANY local store right now. Today, common equipment is CPU and GPU. That's all.

Of course, low degree of centralization will take place with common equipment too. But the nature of this centralization is conceptually different. That degree depends on (and only on) the Free Desire of Every Single Man to buy COMMON equipment in ANY local store and point it to mine Monero. Historically, before ASICs came to the scene, Monero mining was one of the most DEcentralized among all cryptocurrencies. There are many surveys one can google for.

So, "the form of centralized GPU hubs, created by wealthy miners", as you wrote, has much less fundamental kind of centralization than ASIC-based approach.

So what about the actual unknown hashrate that dominate all the pools together HuhHuh

I think some engeneers find a solution between FPGA, ASICs and GPU that seems an exotic combination of hardware and software to mine with high hashrate...

I'm just looking for an other coin to mine now since this massive unknown hashrate arrive...to broke centralization, as you wrote...
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February 13, 2019, 11:26:30 AM
 #40382


This post should be about Monero, not Dash, and @qwizzie you're right, it was not premined, it was instamined BIG. There was some discussion what to do with these instamined coins, but Dash dev (Darkcoin at the time) did nothing to solve the issue.

In Monero we're trying not to get centralized mining farms, in order that everyone could mine it, not only the ones with cash to buy some ASIC


You are right, lets keep this about Monero. I'm only interested in the ASIC mining aspect / discussion.

Some see ASIC development as a logical next step in a ongoing hardware evolution within crypto (specifically proof of work crypto).
Kinda like The Borg : highly adaptable and futile to resist...

With regards to centralization : i think that will happen at some point anyways, even with networks with only GPU's.
It will just be in the form of centralized GPU hubs, created by wealthy miners.

I'm gonna give it to DASH.....for dealing with ASICs.

DASH: ASIC all you want, anyway we are running the Instamined Masternodes minting coins with a few watts of electricity besides we Masternode Instaminers act like a corporate board, we can vote to decrease mining rewards..Fuck you ASICs

hehe c'mon qwizzie we know you and your friends hate mining in general, GPUs, ASICs, FPGAs...all of them  Tongue you, your friends and your glorious founder decided you are all done mining the time you decided to start that instamine scheme.
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February 13, 2019, 06:08:42 PM
 #40383


This post should be about Monero, not Dash, and @qwizzie you're right, it was not premined, it was instamined BIG. There was some discussion what to do with these instamined coins, but Dash dev (Darkcoin at the time) did nothing to solve the issue.

In Monero we're trying not to get centralized mining farms, in order that everyone could mine it, not only the ones with cash to buy some ASIC


You are right, lets keep this about Monero. I'm only interested in the ASIC mining aspect / discussion.

Some see ASIC development as a logical next step in a ongoing hardware evolution within crypto (specifically proof of work crypto).
Kinda like The Borg : highly adaptable and futile to resist...

With regards to centralization : i think that will happen at some point anyways, even with networks with only GPU's.
It will just be in the form of centralized GPU hubs, created by wealthy miners.

I'm gonna give it to DASH.....for dealing with ASICs.

DASH: ASIC all you want, anyway we are running the Instamined Masternodes minting coins with a few watts of electricity besides we Masternode Instaminers act like a corporate board, we can vote to decrease mining rewards..Fuck you ASICs

hehe c'mon qwizzie we know you and your friends hate mining in general, GPUs, ASICs, FPGAs...all of them  Tongue you, your friends and your glorious founder decided you are all done mining the time you decided to start that instamine scheme.

Might as well just call it POS.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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February 14, 2019, 12:02:18 PM
 #40384

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256

To whom it may concern,

The Monero development community has scheduled its biannual upgrade for block 1788000 on approximately March 9. This includes several consensus changes, so the upgrade is mandatory.

This upgrade is moved forward approximately one month to patch some important security components. This upgrade includes the following changes:

1. A new Proof of Work algorithm, CryptonightR

2. A new dynamic block size algorithm

3. Slightly smaller transactions

4. Payment ID changes for improved privacy

5. Notification changes (see: https://paste.debian.net/hidden/0d0d3694)

As far as the Monero development community can tell, this is a non-contentious fork, and no chain splits are expected as there is a reasonable expectation of users upgrading their software. That said, and especially if you are running a critical service, everyone should be aware of the possible risks of claiming funds (airdrops) on different chains. More information: https://youtu.be/6CVcirD90pg

To prepare for the network upgrade (hardfork), the Monero development community will release several clients before. Users must upgrade their software to continue using Monero after the upgrade. A visual depiction of the release engineering can be found here: https://i.imgur.com/gGz9dwK.jpg

The stable Monero release 0.14 will be available very soon, within the next week. This will contain the consensus changes necessary to continue using Monero, but is based off the current stable release. An alpha release 0.14.1 RC1 will be released soon after, once the fork has occurred and everything has settled down. This release will be based off the current master branch, where active development happens. The Monero development community recommends users of critical services use 0.14, and users who want to help test should use 0.14.1 RC1. This 0.14.1 release will follow the expected release engineering path, with a 0.14.1 stable being released once sufficient testing has occurred. Once this happens it is safe (and recommended) for all services to upgrade to take advantage of the current features, privacy protections, bug fixes, and enhanced security of that version.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
Globb0
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February 14, 2019, 12:21:51 PM
 #40385

Will be exciting to see how agile these new devices really are

(boring tech guy here)




Hueristic
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February 14, 2019, 04:51:23 PM
 #40386

Will be exciting to see how agile these new devices really are

(boring tech guy here)






You mean the hybrid fpga's or these these talked about asics that i've never seen proven?

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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February 14, 2019, 07:22:17 PM
 #40387

Any reason why monero fell 9% today? Well i just bought more today.
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February 14, 2019, 11:07:43 PM
 #40388

Either or both

More dumping, though not really that much of a dent on the price. haha don't let the door hit you on the way out dude


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February 15, 2019, 04:19:41 AM
 #40389

Good, I can get a buy in. Been waiting weeks. Smiley

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
no-ice-please
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February 15, 2019, 02:44:24 PM
 #40390

Good, I can get a buy in. Been waiting weeks. Smiley

I would consider a lot of price points compared to its all time high as potential buy in spots. Curious whether it will go down any further.
BitcoinFX
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February 20, 2019, 10:05:23 AM
 #40391

CSW 'targets' privacy coins Monero and Zcash ...   Grin

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

"Bitcoin OG" 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp | Bitcoin logo™ Enforcer? | Bitcoin is BTC | CSW is NOT Satoshi Nakamoto | I Mine BTC, LTC, ZEC, XMR and GAP | BTC on Tor addnodes Project | Media enquiries : Wu Ming | Enjoy The Money Machine | "You cannot compete with Open Source" and "Cryptography != Banana" | BSV and BCH are COUNTERFEIT.
Whtwabbit
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February 20, 2019, 10:59:02 AM
 #40392

CSW 'targets' privacy coins Monero and Zcash ...   Grin

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

Breaking news!!! Ant attacks elephant


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
Last of the V8s
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February 20, 2019, 11:02:31 AM
 #40393


https://twitter.com/CryptoScamHub/status/1098116974511443968

Globb0
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February 20, 2019, 11:11:13 AM
 #40394

woo

Last of the V8s
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February 20, 2019, 11:33:20 AM
 #40395

We're gonna need a bigger crowd.

BitcoinFX
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February 20, 2019, 11:56:46 AM
 #40396

CSW 'targets' privacy coins Monero and Zcash ...   Grin

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

Breaking news!!! Ant attacks elephant

No need to shoot the messenger.

XMR and privacy is OK with me!   Smiley

"Bitcoin OG" 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp | Bitcoin logo™ Enforcer? | Bitcoin is BTC | CSW is NOT Satoshi Nakamoto | I Mine BTC, LTC, ZEC, XMR and GAP | BTC on Tor addnodes Project | Media enquiries : Wu Ming | Enjoy The Money Machine | "You cannot compete with Open Source" and "Cryptography != Banana" | BSV and BCH are COUNTERFEIT.
Globb0
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February 20, 2019, 12:02:40 PM
 #40397

Every time I followed these CSW will cr4ck all privacy coins!!


I find something where he's talking about z cash or other shit projects its normally just a small "and monero" with no detail.


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February 20, 2019, 12:05:09 PM
 #40398


XMR and privacy is OK with me!   Smiley
that's one fuck of an endorsement from one of the oldest men
in the world

hd49728
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February 20, 2019, 12:49:53 PM
 #40399

No need to shoot the messenger.

XMR and privacy is OK with me!   Smiley
If one of the first forum users, even older than theymos claimed it.
I thought that everything will be fine with Monero.
BitcoinFX is one of the oldest users of the forum, and has amazingly strong belief in Monero.
If I am a kid, BitcoinFX is an elderly.  Grin
Whtwabbit
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February 20, 2019, 06:52:54 PM
 #40400

CSW 'targets' privacy coins Monero and Zcash ...   Grin

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

Breaking news!!! Ant attacks elephant

No need to shoot the messenger.

XMR and privacy is OK with me!   Smiley

I wasn't shooting, more suggesting ignore trolls  Smiley


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████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
Pages: « 1 ... 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 [2020] 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 ... 2126 »
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