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

[vokain]

How about implementing automatic mining with donations to development the default and a secondary setting where auto mining turns on after passing a default yet user-adjustable threshold where one pool has over x% of the network?

[1714722518]

1714722518

[GingerAle]

to get a sense of how it would work, download  BOINC and crunch some numbers for science. Same exact concept, except that the workunits aren't protein folding (for example), its hashing.

[smooth]

How about implementing automatic mining with donations to development the default and a secondary setting where auto mining turns on after passing a default yet user-adjustable threshold where one pool has over x% of the network?

Sending the (unlikely) mined coins to development is not a bad idea and maybe there should be a setting for that. The main thing I would worry about in terms of that would be scam accusations, sort of turning the coin into a bonnet. A setting like that which could be explicitly turned on would be okay though. I think a small added tx fee as a donation is planned as well (again a setting that is voluntary).

On the idea of pool shares, that is somewhat questionable since there isn't really a good way to know what pool shares actually are. They are just self-reported for the most part and if you create a big incentive to cheat (by adjusting mining to those numbers o a large scale), pools will likely do just that.

EDIT: Also, solo mining to the donation address (see OP) is a great thing to do right now if you are mining to support the network. It helps the coin twice.

[Joshuar]

http://www.dailymail.co.uk/news/article-2995686/Teenagers-tired-sharing-aspect-lives-online-taking-steps-ensure-privacy-social-media-report-reveals.html

" Teenagers are tired of sharing every aspect of their lives online and are taking steps to ensure their privacy on social media, report reveals"

Hmm, even teenagers are starting to want privacy.

[Hueristic]

Now this is just too funny!

http://www.zdnet.com/article/panda-antivirus-mistakenly-flags-itself-as-malware-breaks-pcs/

[razen489]

Monero Price spike up to 0.0027 BTC once again!
https://www.coingecko.com/en/price_charts/monero/btc

[Globb0]

Is anybody flipping?

I have brough some and held from a long time back. Its well down now, but I do remember risto saying flipping in these up downs was a good idea.

[5w00p]

Is anybody flipping?

I have brough some and held from a long time back. Its well down now, but I do remember risto saying flipping in these up downs was a good idea.

Yeah, well hindsight always makes it easy to say "What if I had sold at X, I could have bought back more when it fell to X minus y."

Unfortunately, without a crystal ball, one is left to risk selling and then never seeing the price drop. So, I have thought about it, and although I am no big-time whale, I do buy a little XMR from time-to-time. I have never sold a single one. I look at it as a risk that I am not really willing to make: selling only to see that sold XMR lost if the price never drops.

I try to instead buy when I think the price is at a (relative) low.

Reptile has the advantage of a diverse and vast portfolio, with his superior resources. So, I can see how he can make more moves and sell when he sees it as being "toppy" (I believe that was his word used in this thread), only to buy back in when the price moves down.

[OrientA]

Monero Price spike up to 0.0027 BTC once again!
https://www.coingecko.com/en/price_charts/monero/btc

I hope no spikes, just small steady rises.

[Shrikez]

Is anybody flipping?

I have brough some and held from a long time back. Its well down now, but I do remember risto saying flipping in these up downs was a good idea.

I've been flipping about 10% of my XMR. last week was nice, lots of swings. As I am a subpar trader I place relatively conservative orders, not too close to the possible edges and it has worked out well.

[Globb0]

Thanks for the answers, similarly no whale.

XMR is my last best hope, everything else has been robbed or destroyed. 

[Bassica]

If Satoshi were still in crypto, he'd be working on xmr

 

[GingerAle]

If Satoshi were still in crypto, he'd be working on xmr

 

who says he's out? who says he isn't? ( is it true? ) sorry i couldn't resist.

[Bassica]

If Satoshi were still in crypto, he'd be working on xmr

 

who says he's out? who says he isn't? ( is it true? ) sorry i couldn't resist.

who says it's a he? Not she, or them?

ok rephrase:
If Satoshi's still in crypto, Satoshi's working on xmr

[fluffypony]

The main thing I would worry about in terms of that would be scam accusations, sort of turning the coin into a bonnet.

THE TRUTH ABOUT THE MONERO SCAM

[netmonk]

I'd think it would be wise to get some sort of p2p pool going with smart mining. The chances of finding a block solo with a small hash rate are such that people may be tempted not to bother.

The whole point of smart mining is that it isn't something people bother with at all. It just happens, and it is unobtrusive enough there is no reason for people to turn it off. It's just part of how the software works, like nearly every p2p system in existence with the exception of bitcoin.

Pool or no pool, a single computer will yield next to nothing and there is no reason for people, individually, to bother. This is not about "being a miner" it is about people who aren't miners doing mining.

@smooth i think you are right about that everybody should mine and if that would be the case they wouldn't / shouldn't really care.

neverthless i hope for a p2pool implementation (best would be directly inside reference client) as i have the hope that it could lead to more and smaller poolers.

I mine with a single quadcore CPU and Radeon 7970 - probably generates 1 XMR every 2 days and costs me more than it would to buy them. Just like running SETI@Home or other distributed computing projects, not all actions need be profit motivated although I acknowledge that the network effects are significantly higher for those that are.

The question is "why people keep mining while the return is negative ?" "why the price is keept low so that miner aren't able to get profit from it ?"

There are some reasons which are not public, as far as common sense would tend to not mine something not profitable (or even reaching null balance)

[smooth]

There are some reasons which are not public, as far as common sense would tend to not mine something not profitable (or even reaching null balance)

What determines not profitable?

Look, people have different costs. I recently learned there are places that have electricity rates of around 0.001 USD/kwh (not a typo). I certainly don't have rates like that and still I'm mining profitably right now.

Mining will never be profitable for everyone, but it being unprofitable for everyone is pretty hard to imagine too.

Plus as the previous post said, people really do enjoy mining as a hobby and to support the coin/network even if it isn't profitable so your idea of "common sense" doesn't actually predict very well how people behave. You might reconsider it.

[CTTE]

I'd think it would be wise to get some sort of p2p pool going with smart mining. The chances of finding a block solo with a small hash rate are such that people may be tempted not to bother.

The whole point of smart mining is that it isn't something people bother with at all. It just happens, and it is unobtrusive enough there is no reason for people to turn it off. It's just part of how the software works, like nearly every p2p system in existence with the exception of bitcoin.

Pool or no pool, a single computer will yield next to nothing and there is no reason for people, individually, to bother. This is not about "being a miner" it is about people who aren't miners doing mining.

@smooth i think you are right about that everybody should mine and if that would be the case they wouldn't / shouldn't really care.

neverthless i hope for a p2pool implementation (best would be directly inside reference client) as i have the hope that it could lead to more and smaller poolers.

I mine with a single quadcore CPU and Radeon 7970 - probably generates 1 XMR every 2 days and costs me more than it would to buy them. Just like running SETI@Home or other distributed computing projects, not all actions need be profit motivated although I acknowledge that the network effects are significantly higher for those that are.

The question is "why people keep mining while the return is negative ?" "why the price is keept low so that miner aren't able to get profit from it ?"

There are some reasons which are not public, as far as common sense would tend to not mine something not profitable (or even reaching null balance)

Some of us mine in a small way even though the current price doesn't warrant it. We know that that same coin at some point in time will be Extremely profitable! It just a matter of timing and patience. All of mine are going directly to mymonero.com

[Eastwind]

The daily oscillation of the difficulty is very consistent (http://chainradar.com/xmr/chart). Is there an explanation how that happens?

[Quicken]

I mine with a single quadcore CPU and Radeon 7970 - probably generates 1 XMR every 2 days and costs me more than it would to buy them. Just like running SETI@Home or other distributed computing projects, not all actions need be profit motivated although I acknowledge that the network effects are significantly higher for those that are.

Very similar to my position. Mining for the future; not today.