[XMR] Monero - A secure, private, untraceable cryptocurrency

[TheFuzzStone]

https://info.binance.com/en/research/marketresearch/monero-hard-fork.html

[1695970906]

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[cAPSLOCK]

https://info.binance.com/en/research/marketresearch/monero-hard-fork.html

Interesting report.  Though their last point is strange.  The hard fork does not *increase* the chance of a 51% attack.  It eliminates the almost certainty that one could have been done.  Conceptually it could be easier for some botnet herder to pull of a 51% if they wanted now, but that is less probable than the ability for a huge ass asic farm who was one click away from doing it pre-fork.

[Hueristic]

https://info.binance.com/en/research/marketresearch/monero-hard-fork.html

Interesting report.  Though their last point is strange.  The hard fork does not *increase* the chance of a 51% attack.  It eliminates the almost certainty that one could have been done.  Conceptually it could be easier for some botnet herder to pull of a 51% if they wanted now, but that is less probable than the ability for a huge ass asic farm who was one click away from doing it pre-fork.

Yeah, sounds like someone has some bias in that statement. At least they mentioned this

Forks - whether hard, soft, contentious, or non-contentious - are normal events in the crypto-industry and frequent forks may indicate healthy development behind a crypto network. Regardless of the outcomes from this fork, the XMR development team continues future improvement of Monero, with the next fork being already scheduled for October 2019

.

although they made the statement to generalized as it is not common in other coins nor healthy like an ETH type chain fork.


BTW that tweet friggin popup when you highlight test sucks balls.

[Febo]

https://info.binance.com/en/research/marketresearch/monero-hard-fork.html

Interesting report.  Though their last point is strange.  The hard fork does not *increase* the chance of a 51% attack.  It eliminates the almost certainty that one could have been done.  Conceptually it could be easier for some botnet herder to pull of a 51% if they wanted now, but that is less probable than the ability for a huge ass asic farm who was one click away from doing it pre-fork.

It is not strange. It did not increase chance of attack although hash rate went 1/3. LOL sorry I had not checked it some time but I predict it is somewhere around 300Mh/s   But even with this decline the network is now much safer then it was before.

Botnets could really hard gather this much hash power. Botnets are usually old computers runing Windows XP. Those are really weak machines. They did had impact in Monero hash rate in 2014. Right now have almost none.  Those ASIC producer from China could make 51% attack easily. But since he know that best profit he gets is to not do it he did not. Doing 51% attack and cheat someone for XMR is a crime. Also in China. So not only their mined XMR would be worth less but also they could have bigger long term problems.


EDIT: I just realized now you did not quoted what Binance wrote but corrected them. Yes I agree with you that  they are wrong.

[Andstar]

Hey Guys

I have a rig I've just switched back on, all cards working on XMRig except my rx480 8g which starts off ok but then stops after a few runs and reports no hashrate.

I can't remember where I got the bios from, can I just use the Polaris one click on an already modded bios?

I'm trying to run two threads each (rx580,480,570,470) but some also lose a thread after 30+ minutes depending on the clocks I set in Overdrive - pretty sure I have the right values to keep them stable was just playing around. Keen to see what others have set.

I used to use Claymore - was much easier, is there anything like that since the fork?

Cheers

[FreefaucetIO]

We have implemented a Monero faucet on Freefaucet.io . So far our users really like your coin, so that's great!

On a side note: The devs in our team are a little worried about planned hardforks and how to deal with them smoothly every 6 months or so when they come round. Are there any docs to best practices on this lying around the interwebs?

Thanks guys

[dEBRUYNE]

Hey Guys

I have a rig I've just switched back on, all cards working on XMRig except my rx480 8g which starts off ok but then stops after a few runs and reports no hashrate.

I can't remember where I got the bios from, can I just use the Polaris one click on an already modded bios?

I'm trying to run two threads each (rx580,480,570,470) but some also lose a thread after 30+ minutes depending on the clocks I set in Overdrive - pretty sure I have the right values to keep them stable was just playing around. Keen to see what others have set.

I used to use Claymore - was much easier, is there anything like that since the fork?

Cheers

Have you tried asking on the Monero mining subreddit?

https://www.reddit.com/r/MoneroMining/

[finity]

Is Monero good investment right now? Price looks attractive and there's always going to be demand for untraceable transactions. Or people use something else on deep web market nowadays?
Do you believe in return of Monero, price-wise?

[Hueristic]

We have implemented a Monero faucet on Freefaucet.io . So far our users really like your coin, so that's great!

On a side note: The devs in our team are a little worried about planned hardforks and how to deal with them smoothly every 6 months or so when they come round. Are there any docs to best practices on this lying around the interwebs?

Thanks guys

Why worry? Monero has been doing this the entire time its been in development and as far as I remember only had one small hiccup that was immediately addressed. Just upgrade before the upgrade block and you will be fine.

Is Monero good investment right now? Price looks attractive and there's always going to be demand for untraceable transactions. Or people use something else on deep web market nowadays?
Do you believe in return of Monero, price-wise?

Of course, that is why we are here, there is still no substitute for Monero and no real contenders on the horizon as well.

[Febo]

Is Monero good investment right now? Price looks attractive and there's always going to be demand for untraceable transactions. Or people use something else on deep web market nowadays?
Do you believe in return of Monero, price-wise?

People mainly use Bitcoin on darkmarkets. To this change some serious negative publicity have to happen for Bitcoin.

[Andstar]

Hey Guys

I have a rig I've just switched back on, all cards working on XMRig except my rx480 8g which starts off ok but then stops after a few runs and reports no hashrate.

I can't remember where I got the bios from, can I just use the Polaris one click on an already modded bios?

I'm trying to run two threads each (rx580,480,570,470) but some also lose a thread after 30+ minutes depending on the clocks I set in Overdrive - pretty sure I have the right values to keep them stable was just playing around. Keen to see what others have set.

I used to use Claymore - was much easier, is there anything like that since the fork?

Cheers

Have you tried asking on the Monero mining subreddit?

https://www.reddit.com/r/MoneroMining/

Thanks I'll try that!

[TOKENOMY]

[TOKENOMY EXCHANGE] Tokenomy Exchange’s New Privacy Coin
New Listing on Tokenomy Exchange — Monero (XMR)

中文



Dear Monero Users,

We are thrilled to announce that Monero (XMR) is listed on Tokenomy Exchange and Tokenomy members are able to trade Monero (XMR) now!

Monero adds variety Tokenomy’s offering of privacy coins, following Zcash’s recent addition to Tokenomy exchange. While Zcash has been referred to as one of the most important projects in the entirety of the crypto space, Monero brings unique value to those seeking completely anonymity.

We support the following trading pair: XMR/BTC (Start Trading now)

Don’t have a Tokenomy account yet? No worries. Simply visit Tokenomy Exchange now to sign up for free and start trading XMR!

Thank you,
Tokenomy Team

[Whtwabbit]

"While Zcash has been referred to as one of the most important projects in the entirety of the crypto space"

Lol, yep "A Has Been"

[CoinCodex]

Monero is surging along with Bitcoin. Read more in this detailed technical analysis and share your thoughts:

https://coincodex.com/article/3345/monero-price-analysis-bulls-appear-to-be-in-control-of-xmr-market/

[Hueristic]

Monero is surging along with Bitcoin. Read more in this detailed technical analysis and share your thoughts:

https://coincodex.com/article/3345/monero-price-analysis-bulls-appear-to-be-in-control-of-xmr-market/

the token

WAT?

[bitcoin_age]

I have high respect for monero developers who are doing great work. fluffy is a great guy history will have his name written in golden letters.

[XxXBigDickXxX]

Hello guys! Any news or topik for Tari? When will mainnet launch? And What about next Algo change? It'l be RandomX and only for CPU? Tnx!!

[Hueristic]

Hello guys! Any news or topik for Tari? When will mainnet launch? And What about next Algo change? It'l be RandomX and only for CPU? Tnx!!

Have no clue about Tari, Go ahead and post a link with an update if you want. I don't even think it has a thread here and I'm far to busy/lazy ATM to check.

I think Algo change for next fork is still in debate.

[agamimosh]

Finally! Monero backed loans!

Coinloan.io, a P2P lending platform for crypto-to-fiat loans, is now accepting Monero as collateral. The Estonian-based startup rolled out an update allowing to use privacy oriented coin Monero (XMR) to get credit in fiat currencies (USD, EUR, GBP, RUB) or stablecoins (TUSD, GUSD, USDC).

The World’s First Monero-Backed Loans

There is a large community behind XMR that has now gained an opportunity to acquire fiat with no need to sell favorite cryptoasset. It opens the door to multiple use cases from leverage and hedging to tax optimizations and fast cash keeping HODL.

Max Sapelov, Co-founder and CTO at CoinLoan, explained:
“Our biggest competitors will not be able to accept Monero, even if they wanted to. Simply because BitGo wallet service they use stuck for specific currencies that don’t include Monero along with a significant number of other promising coins. In contrast, CoinLoan can build complex solutions for crypto from scratch thanks to an expert development team. So we will continue to list more coins missed out by BitGo for better coverage of the crypto market”.

For more information, please visit our website coinloan.io.

[Hueristic]

Finally! Monero backed loans!

Coinloan.io, a P2P lending platform for crypto-to-fiat loans, is now accepting Monero as collateral. The Estonian-based startup rolled out an update allowing to use privacy oriented coin Monero (XMR) to get credit in fiat currencies (USD, EUR, GBP, RUB) or stablecoins (TUSD, GUSD, USDC).

The World’s First Monero-Backed Loans

There is a large community behind XMR that has now gained an opportunity to acquire fiat with no need to sell favorite cryptoasset. It opens the door to multiple use cases from leverage and hedging to tax optimizations and fast cash keeping HODL.

Max Sapelov, Co-founder and CTO at CoinLoan, explained:
“Our biggest competitors will not be able to accept Monero, even if they wanted to. Simply because BitGo wallet service they use stuck for specific currencies that don’t include Monero along with a significant number of other promising coins. In contrast, CoinLoan can build complex solutions for crypto from scratch thanks to an expert development team. So we will continue to list more coins missed out by BitGo for better coverage of the crypto market”.

For more information, please visit our website coinloan.io.

Interesting, how can you be sure funds will be released after repayment?

I see nothing but trust us we have a license.

CoinLoan is a European company with all the licenses required for operational activities. The platform has fully legal status and protected infrastructure to ensure the security of funds.

So its centralized and in Estonia?

Does it use multisig?