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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4655931 times)
Globb0
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December 15, 2019, 12:05:06 PM
 #41321

All that activity not a single trust or merit, too scared to post on your own account etc.

Thanks for the warning about Waves
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gembitz
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December 15, 2019, 03:24:30 PM
 #41322

It has been said along the way at some point we may stop fighting asics.


Think about it practically, an ASIC is an investment in the coin. Research, design, running, costs. Its in their interest the coin is valuable. Not "damp it to 0" phone meme.

Without this sizable bit of the market it feels like we are outside the big stream.


How could it be fairest? So maybe we run a version for a year or more in test that will be the final major revision and give everyone equal time to make and market ASIC Monero devices.

Then even some groups of people might club together and spin up something.

This has been an on going debate and it is boiling down to the benefits v/s the rewards (which itself is a debate as security of the chain is a huge reward).

As I see it this is the arguments for constant algo morphing off the top of my head go ahead and fill in the blanks.

1) continued decentralization (security from attacks and continued egalitarian purpose)
2) the longer we can hold off asics the longer we have to find a truly asci proof method as once we change to something along the lines of a asic friendly algo its game over never going back as can be seen with bitcoin.
3) The need to create an entire network of asics for a decentralized asic cross over is posponed as many have just purchased cpus to support this algo.
4) we can also push back a algo change indefinitely as long as the asic manufacturers feel it is not in their interest to create and produce one. this has been accomplished already by the forks these last few years.

Now that we have drawn the line in the sand and PROVEN that we will back that statement up by forking the algo multiple times those that create and finance asics understand that they can effectively lost by funding a asic design and rolling it out if we fork again.

So I would propose we have a spare algo to fork to is a asic developed for RandomX and when the deadline comes for the next update we push it back if there is no evidence that one is or has been designed. Of course stateing publicly that we would do this would in effect negate the threat so it would have to be kept a secret from everyone except the devs who we can trust with the knowledge that this type plan could be implemented.

Either way I would say this has brought us breathing room. Another thing is if an asic cannot be a multitude of times more efficient than existing hardware then that is a consideration on whether to create that asic. there are many variables and alot of those questions can be answered by looking at the fpga hybrid boards and seeing how they fare when they have the proper bitstream.

Shit gotta run will finish my spitballing musings later. Smiley

tl;dr ===> xmr forks every few months to remain botnet friendly algo Wink reee

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
Bigger By The Day
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December 16, 2019, 02:38:00 PM
 #41323

All that activity not a single trust or merit, too scared to post on your own account etc.

Thanks for the warning about Waves



waves gain 15% after i post

in last 24 hours . good trade

 i make my own charts is better than traditional
Globb0
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December 16, 2019, 09:25:17 PM
 #41324

Cool how much did you sell your account for?

STT
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December 16, 2019, 10:44:35 PM
 #41325

Perhaps you can explain how specifically bitcoin has suffered from the existence of ASICs?


The private miners suffered when the game moved on from them but its generally the case that all business must be competitive and efficient and so ASIC was inevitable in coming into existence.  I can remember when mining was done on CPU or even in the wallet itself, super convenient and easy.  I wish I'd be around for that phase rather the much later rising difficulty phases.  
  The only argument for no ASIC is that BTC has a difficulty that rises by its own accord seemingly so why couldn't we stay on GPU forever, sadly in an open market and to stay secure I guess this was never possible.   I remember alot of alt coins did their best to freeze development onto GPU only by being very complex.  I'm not sure that really benefited the overall ecosystem for the coin so its hard to disagree however much personal bias I have the health of the coin and its blockchain is paramount.

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gembitz
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December 17, 2019, 03:06:28 PM
 #41326

Perhaps you can explain how specifically bitcoin has suffered from the existence of ASICs?


The private miners suffered when the game moved on from them but its generally the case that all business must be competitive and efficient and so ASIC was inevitable in coming into existence.  I can remember when mining was done on CPU or even in the wallet itself, super convenient and easy.  I wish I'd be around for that phase rather the much later rising difficulty phases.  
  The only argument for no ASIC is that BTC has a difficulty that rises by its own accord seemingly so why couldn't we stay on GPU forever, sadly in an open market and to stay secure I guess this was never possible.   I remember alot of alt coins did their best to freeze development onto GPU only by being very complex.  I'm not sure that really benefited the overall ecosystem for the coin so its hard to disagree however much personal bias I have the health of the coin and its blockchain is paramount.

monero is a VIRUS if it had asics this hidden wallet miner trojan aspect would not be effective ;-D pfft

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
XxXBigDickXxX
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December 19, 2019, 09:16:41 PM
 #41327

Monero dead for miners because its unprofitable Sad
Iamtutut
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December 19, 2019, 09:35:40 PM
Merited by Hueristic (1)
 #41328

It's not if you are using a Ryzen CPU.
CryptoBuzzerd
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December 20, 2019, 01:21:16 PM
 #41329

Ryzen puts now nice power!

Your own crypto exchange in your pocket - buy/sell BTC, LTC, ETH for USD/EUR, no KYC or any docks (https://t.me/AnyCashBot?start=promo-jump61)
XxXBigDickXxX
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December 21, 2019, 01:32:45 AM
 #41330

as you said with ryzen its good, but what aboit roi? Over 3 years? Much profitable buy smth else.
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December 21, 2019, 09:01:06 PM
Merited by Hueristic (1)
 #41331

as you said with ryzen its good, but what aboit roi? Over 3 years? Much profitable buy smth else.

If you don't believe in the market value of a POW coin, or don't intend to use it, then don't buy hardware to mine it.

Monero is the leader of privacy coins, by size, reach, fame...I intend to fight for my privacy, so I bought a ZEN 2 CPU. I'll mine XMR, keep running a Bitcoin full node, may be also run other nodes. ROI in FIAT is not the goal, currently it's ways too far fetch.
Globb0
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December 24, 2019, 10:39:16 PM
 #41332



Cheesy


Hueristic
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December 26, 2019, 04:27:35 PM
 #41333

Happy Holidays guys, I had to rma my Mobo so no mining for me right now, seems the pci-e rail does not have the required 12v.
It was tough to figure out as the gpus are self powered.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
Iamtutut
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December 26, 2019, 04:55:37 PM
Merited by Hueristic (1)
 #41334

as you said with ryzen its good, but what aboit roi? Over 3 years? Much profitable buy smth else.

If you don't believe in the market value of a POW coin, or don't intend to use it, then don't buy hardware to mine it.

Monero is the leader of privacy coins, by size, reach, fame...I intend to fight for my privacy, so I bought a ZEN 2 CPU. I'll mine XMR, keep running a Bitcoin full node, may be also run other nodes. ROI in FIAT is not the goal, currently it's ways too far fetch.


My Ryzen 3600 is home and currently very busy.

Because my cooler is a cheap one that I had bought for a Ryzen 2400G, I'm mining using 90% of the CPU power (+/- 55W CPU power draw according to the Asus ressource monitor), still it's getting a very nice +/- 6,45KH/s. Top HR is 6531H/s.

Hardware config is:
Asus X570-P mobo
Ryzen 3600
16Gb DDR-4 3733 CL17 running @3600MHz


XMRrig 5.4 on Win10 64.
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December 26, 2019, 05:21:51 PM
 #41335

Pull any sell orders you guys have just in case those PlusToken scammers try to wash with Monero they will have to pay a premium. .03 or less is a steal for them.

Wait its all a steal for them make it .05! Grin

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
phishead
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December 26, 2019, 06:18:07 PM
 #41336

Pull any sell orders you guys have just in case those PlusToken scammers try to wash with Monero they will have to pay a premium. .03 or less is a steal for them.

Wait its all a steal for them make it .05! Grin

95% discount compared to the leading publicly broadcasted coin... what a deal! Shocked


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Monero
XMR Open Alias: phishead@xmr.id
"I just opened a 2004 barolo in your and all the devs honour"  eyejay:  Decemeber 22nd, 2016
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December 26, 2019, 08:41:20 PM
Merited by Hueristic (1)
 #41337

SRBMiner added few options for monero mining, growth in mining is about 10-15%
Win: link removed

Be careful downloading binaries and don't trust links posted to any forum.
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December 27, 2019, 04:51:26 PM
 #41338

Today is the first day of Chaos Communication Congress (36C3) and there will be many talks about Monero development. Tune in the livestream or check out the timetable of the congress: https://frab.riat.at/en/36C3/public/schedule


^ Image source: https://www.reddit.com/r/Monero/comments/eg9k6h/36c3_cdc_critical_decentralisation_cluster/

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December 29, 2019, 09:25:56 AM
 #41339


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December 30, 2019, 08:17:51 PM
Last edit: December 30, 2019, 09:09:16 PM by Lafu
Merited by Hueristic (1)
 #41340

Watch out with this linked miner !

Its an Fake Link and behind the link is possible Malware or Trojan Software !

SRBMiner added few options for monero mining, growth in mining is about 10-15%
Win: https://github.com/doktor83/SRBMiner-Multi/releases/download/0.1.9/SRBMiner-Multi-0-1-9.zip

Code:
Win: [url=https://github.com/doktori83/SRBMiner-Multi/releases/download/0.1.9/SRBMiner-Multi-0-1-9.zip]https://github.com/doktor83/SRBMiner-Multi/releases/download/0.1.9/SRBMiner-Multi-0-1-9.zip[/url]

Fake Github : https_://github.com/doktori83/SRBMiner-Multi

Real Github : https_://github.com/doktor83/SRBMiner-Multi




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