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

[iCEBREAKER]

RandomX is a new CPU-centric Proof of Work algorithm we've been designing since last year; the original design rationale is here https://www.reddit.com/r/Monero/comments/8bshrx/what_we_need_to_know_about_proof_of_work_pow/
That writeup talks about using JavaScript - you can ignore that detail. The base motivation is still the same.

Very excited to see this happening. Another holy grail for Mnoero! 

Given the roughly strong consensus that if MNO is an economic success then ASICs are inevitable, do you think it's possible to turn that PoW 'bug' into a killer feature by effectively subsidizing development of an open-source hardware instruction set architecture?

Since RandomX performance is ~impossible to equalize among implementations (ye olde AMD/GCN vs NVDA/CUDA dilemma), why not help catalyze RISC-V instead of unduly rewarding private corps for making proprietary hardware?

If it's possible to redirect 'inevitable' excess hardware mining profit to a hardware ecosystem sharing with Monero's wild & free ethos (rather than continue supporting Silicon Tyranny), let's consider the benefits users and devs of Monero would gain in a world blessed with cheap and plentiful RISC-V things/phones/laptops/servers/miners all happily securing our blockchain according to their individual economic conditions/situations.

Instruction Sets Should Be Free: The Case For RISC-V
Krste Asanović, David A. Patterson

Conclusion

The case is even clearer for an open ISA than for an open OS, as ISAs change very slowly, whereas algorithmic innovations and new application demands force continual OS evolution. It is also an interface standard like TCP/IP, thus simpler to maintain and evolve than an OS. Open ISAs have been tried before, but they never became popular due to the lack of demand. The low cost and power of IoTs, the desire for a WSC alternative tothe 80x86, and the fact that cores are a small but ubiquitous fraction of all SoCs combine to supply that missing demand. RISC-V is aimed at SoCs, with a base that should never change given the longevity of the basic RISC ideas; a standard set of optional extensions that will evolve slowly; and unique instructions per SoC that never need to be reused. While the first RISC-V beachhead may be IoTs or perhaps WSCs, our goal is grander: just as Linux has become the standard OS for most computing devices, we envision RISC-V becoming the standard ISA for all computing devices.

I'd like to weigh the open-source hardware development ASIC implications of sha3 vs my crazy(?) idea for a RISC-V optimized/native/friendly variant of RandomX.
But there is a lot of nuance in this thicket of law and culture and game theory and compsci and economics.  Any insight is appreciated in advance. 

[Allbek]

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[gembitz]

I made this silly video some of you guys may appreciate:
https://www.youtube.com/watch?v=bHnnj2noPak

Thought I'd share it here for any of you guys that are too cool to visit le reddit.

nice subliminal plug for wownero my dude    lol

[deksa]

What is the current Monero DAG size? Any link to follow that info?

I was planing on getting used XFX black edition 570 4gb for $80 while the used 8gb is x2 times of the price $150-160.
So I was wondering for how long I can use those 4 gigs cards.

[Chicken_76]

What is the current Monero DAG size? Any link to follow that info?

DAG size? You are thinking about Ethereum. Monero does not have a DAG.

[jwinterm]

What is the current Monero DAG size? Any link to follow that info?

DAG size? You are thinking about Ethereum. Monero does not have a DAG.

I think technically a blockchain is a kind of dag, but yea it's irrelevant to mining Monero. I don't think memory had an impact on mining hash rate, so either card would work fine until switch to RandomX at least.

[Hueristic]

RandomX is a new CPU-centric Proof of Work algorithm we've been designing since last year; the original design rationale is here https://www.reddit.com/r/Monero/comments/8bshrx/what_we_need_to_know_about_proof_of_work_pow/
That writeup talks about using JavaScript - you can ignore that detail. The base motivation is still the same.

Very excited to see this happening. Another holy grail for Mnoero! 

Given the roughly strong consensus that if MNO is an economic success then ASICs are inevitable, do you think it's possible to turn that PoW 'bug' into a killer feature by effectively subsidizing development of an open-source hardware instruction set architecture?

Since RandomX performance is ~impossible to equalize among implementations (ye olde AMD/GCN vs NVDA/CUDA dilemma), why not help catalyze RISC-V instead of unduly rewarding private corps for making proprietary hardware?

If it's possible to redirect 'inevitable' excess hardware mining profit to a hardware ecosystem sharing with Monero's wild & free ethos (rather than continue supporting Silicon Tyranny), let's consider the benefits users and devs of Monero would gain in a world blessed with cheap and plentiful RISC-V things/phones/laptops/servers/miners all happily securing our blockchain according to their individual economic conditions/situations.

Instruction Sets Should Be Free: The Case For RISC-V
Krste Asanović, David A. Patterson

Conclusion

The case is even clearer for an open ISA than for an open OS, as ISAs change very slowly, whereas algorithmic innovations and new application demands force continual OS evolution. It is also an interface standard like TCP/IP, thus simpler to maintain and evolve than an OS. Open ISAs have been tried before, but they never became popular due to the lack of demand. The low cost and power of IoTs, the desire for a WSC alternative tothe 80x86, and the fact that cores are a small but ubiquitous fraction of all SoCs combine to supply that missing demand. RISC-V is aimed at SoCs, with a base that should never change given the longevity of the basic RISC ideas; a standard set of optional extensions that will evolve slowly; and unique instructions per SoC that never need to be reused. While the first RISC-V beachhead may be IoTs or perhaps WSCs, our goal is grander: just as Linux has become the standard OS for most computing devices, we envision RISC-V becoming the standard ISA for all computing devices.

I'd like to weigh the open-source hardware development ASIC implications of sha3 vs my crazy(?) idea for a RISC-V optimized/native/friendly variant of RandomX.
But there is a lot of nuance in this thicket of law and culture and game theory and compsci and economics.  Any insight is appreciated in advance. 

If and when ASICs become inevitable why is merge mining not being discussed, or is it just being talked about on reddit and I didn't notice?

BTW this is a good read I just ran into, on Reuters no less.

https://www.reuters.com/article/us-crypto-currencies-altcoins-explainer/explainer-privacy-coin-monero-offers-near-total-anonymity-idUSKCN1SL0F0

[tbct_mt2]

Monero, after suddenly rose from 0.0108 to 0.0116 BTC has fallen to 0.0111 BTC on exchanges. In addition, price chart of Monero gives me a feeling that I can get quick profits if I buy the coin now. Maybe it is not much profits, but I can enter and exit quickly by taking advantage of coming bounces of Monero. It deserves to act fast, take acceptable low riks, and get profits in short period of investment. Moreover, it might be one of last chance to accumulate cheap Monero (in BTC pair) before the storm of altcoins.

[Iamtutut]

I mine XMR, it's much more fun.

[Globb0]

Monero, after suddenly rose from 0.0108 to 0.0116 BTC has fallen to 0.0111 BTC on exchanges. In addition, price chart of Monero gives me a feeling that I can get quick profits if I buy the coin now. Maybe it is not much profits, but I can enter and exit quickly by taking advantage of coming bounces of Monero. It deserves to act fast, take acceptable low riks, and get profits in short period of investment. Moreover, it might be one of last chance to accumulate cheap Monero (in BTC pair) before the storm of altcoins.

Are those miniscule differences worth a trade? or make a loss with fees? aside of risk

[Freaks]

I mine XMR, it's much more fun.

It's best investment for the brighter future to get started early retire life because it is one of the best coin ever. I'm  also very bullish it is still profitable and it has big potential to rise to the moon.

[Goxten]

I mine XMR, it's much more fun.

It's best investment for the brighter future to get started early retire life because it is one of the best coin ever. I'm  also very bullish it is still profitable and it has big potential to rise to the moon.

I agree with you. Monero has a lot of potential. Compared to Bitcoin, it is very cheap. This means that in the future Monero can make a very good profit. But the main thing is confidentiality. No other coin has this level of anonymity. And perhaps this is one of the most decentralized projects. I think Monero can be compared to Bitcoin, in a sense, but among anonymous coins.

[Hueristic]

.

Are those miniscule differences worth a trade? or make a loss with fees? aside of risk

I guess if you have a large enough stack to push around but I certainly wouldn't take that risk.

[gembitz]

.

Are those miniscule differences worth a trade? or make a loss with fees? aside of risk

I guess if you have a large enough stack to push around but I certainly wouldn't take that risk.

https://www.reddit.com/r/Monero/comments/88rr60/monero_vs_bytecoin/

 

bytecoin is the real monero weee

[tbct_mt2]

bytecoin is the real monero weee

Bytecoin is a scam coin, and it has not any kind of quality to compare with Monero. For years, Bytecoin has shown clearly that it is real shitty and scam coin. I remembered the period in early of 2017, when Bytecoin traded around 1 or 2 satoshis, then due to growths of bitcoin and crypto market, Bytecoin moved to unbelievable high prices. Then over the year of 2018 and by now, Bytecoin fell back to around 11 satoshis or 12 satoshis, but I have a feeling that the coin won't stop there soon. I guess Bytecoin might drop back to below 5 satoshis or even hit 2 satoshis before bouncing back significantly. It should come back to where it goes. How about Monero? It is one of the top altcoins, one of the most favorite privacy coins, that tell us lots of things.

[jwinterm]

.

Are those miniscule differences worth a trade? or make a loss with fees? aside of risk

I guess if you have a large enough stack to push around but I certainly wouldn't take that risk.

https://www.reddit.com/r/Monero/comments/88rr60/monero_vs_bytecoin/

 

bytecoin is the real monero weee

Spoetnik is the real gembitz

[deksa]

I am in a dilemma about buying RX 580 Sapphire 4gb or RX 580 Sapphire 8gb.
Also I am looking at XFX Black Edition RX 570 4gb.
Want to mine Monero CNR algo with Team Red Miner.
I know that I will get 1050 hash for the 8gb, but what about 4gb?

Thanks!

[Mahdi_anon]

https://bitcointalk.org/index.php?topic=5146114.new#new

[Hueristic]

.

Are those miniscule differences worth a trade? or make a loss with fees? aside of risk

I guess if you have a large enough stack to push around but I certainly wouldn't take that risk.

https://www.reddit.com/r/Monero/comments/88rr60/monero_vs_bytecoin/

 

bytecoin is the real monero weee

Spoetnik is the real gembitz

I think you hit the nail on the head.

I finally gave up on him the other day. Feel free to paint a little more red.

https://bitcointalk.org/index.php?action=trust;u=761729

I am in a dilemma about buying RX 580 Sapphire 4gb or RX 580 Sapphire 8gb.
Also I am looking at XFX Black Edition RX 570 4gb.
Want to mine Monero CNR algo with Team Red Miner.
I know that I will get 1050 hash for the 8gb, but what about 4gb?

Thanks!

Try the mining thread, but getting the 8gb 580 is the best bet as the costs are close and it will last longer.
Remember that if you get the 8gb then it is worth more if you resell as 4gb is going the way of the dodo bird.

Also Sapphire is a much better quality product than XFX and the 580 is a much better card than the 570.

[Hueristic]

.