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

[Moria843]

Is XMR CPU mining worth the cost of electricity to do?

[1715151534]

1715151534

[1715151534]

1715151534

[1715151534]

1715151534

[GingerAle]

Is XMR CPU mining worth the cost of electricity to do?

proper thread:

https://bitcointalk.org/index.php?topic=653467.620

and here you go.

http://en.bitmakler.com/Monero___mining


THE POWER OF GOOGLE!

the last unknown is the hashrate your CPU will get. There's not a really good source of information for this. There was a google doc floating around, but its validity was in question at some point. Core i7's can get 200 - 250 h/s, those AMD GPU in the CPU can get I think around 400.

[GingerAle]

so I totally missed this project maelstrom thing

http://www.extremetech.com/internet/198578-bittorrents-project-maelstrom-will-host-websites-in-torrents

[osensei]

I have a question about MyMonero.com:

There is no way for me to get my coins from an account created there unless I send them from that account correct?

Yes, correct. As of today, If you created your account there, then you can only access your funds using MyMonero. At some point you may be able to import your keys from MyMonero in simplewallet, but that's not possible today.

On the other hand, what you can do right now is create a new wallet with simplewallet, login to MyMonero with your seed from simplewallet. Tell MyMonero to NOT import your previous transactions. Login to your original MyMonero account and transfer your funds to your new account created with simplewallet seed. That way you'll be able to use that new wallet with either MyMonero or simplewallet or any of the available GUI wallets (that rely on simplewallet).

[Hueristic]

I have a question about MyMonero.com:

There is no way for me to get my coins from an account created there unless I send them from that account correct?

Yes, correct. As of today, If you created your account there, then you can only access your funds using MyMonero. At some point you may be able to import your keys from MyMonero in simplewallet, but that's not possible today.

On the other hand, what you can do right now is create a new wallet with simplewallet, login to MyMonero with your seed from simplewallet. Tell MyMonero to NOT import your previous transactions. Login to your original MyMonero account and transfer your funds to your new account created with simplewallet seed. That way you'll be able to use that new wallet with either MyMonero or simplewallet or any of the available GUI wallets (that rely on simplewallet).

Thank you, I wanted to make sure before I followed the line of thinking I was on. Now my second question is:

Can the funds/and or account on Mymonero.com be locked or removed/destroyed by Mymonero.com Admin? If indeed I created the account there.

You guys may see where I'm going with this but maybe not.

[onemorexmr]

Can the funds/and or account on Mymonero.com be locked or removed/destroyed by Mymonero.com Admin? If indeed I created the account there.

You guys may see where I'm going with this but maybe not.

no they cant. they have your viewkey which means they are able to see your transactions.
but they cant "destroy" or steal your funds as they never have your spent-key (just like blockchain.info)

[osensei]

I have a question about MyMonero.com:

There is no way for me to get my coins from an account created there unless I send them from that account correct?

Yes, correct. As of today, If you created your account there, then you can only access your funds using MyMonero. At some point you may be able to import your keys from MyMonero in simplewallet, but that's not possible today.

On the other hand, what you can do right now is create a new wallet with simplewallet, login to MyMonero with your seed from simplewallet. Tell MyMonero to NOT import your previous transactions. Login to your original MyMonero account and transfer your funds to your new account created with simplewallet seed. That way you'll be able to use that new wallet with either MyMonero or simplewallet or any of the available GUI wallets (that rely on simplewallet).

Thank you, I wanted to make sure before I followed the line of thinking I was on. Now my second question is:

Can the funds/and or account on Mymonero.com be locked or removed/destroyed by Mymonero.com Admin? If indeed I created the account there.

You guys may see where I'm going with this but maybe not.

They can't touch your funds. But if for any reason MyMonero becomes unavailable and you created your account over there, then you wouldn't be able to access your funds until someone implements a way to import your keys from MyMonero into simplewallet, or until MyMonero comes back online. That wouldn't be the case if you login with a seed from simplewallet into MyMonero.

[Johnny Mnemonic]

I have a question about MyMonero.com:

There is no way for me to get my coins from an account created there unless I send them from that account correct?

Yes, correct. As of today, If you created your account there, then you can only access your funds using MyMonero. At some point you may be able to import your keys from MyMonero in simplewallet, but that's not possible today.

On the other hand, what you can do right now is create a new wallet with simplewallet, login to MyMonero with your seed from simplewallet. Tell MyMonero to NOT import your previous transactions. Login to your original MyMonero account and transfer your funds to your new account created with simplewallet seed. That way you'll be able to use that new wallet with either MyMonero or simplewallet or any of the available GUI wallets (that rely on simplewallet).

Thank you, I wanted to make sure before I followed the line of thinking I was on. Now my second question is:

Can the funds/and or account on Mymonero.com be locked or removed/destroyed by Mymonero.com Admin? If indeed I created the account there.

You guys may see where I'm going with this but maybe not.

They can't touch your funds. But if for any reason MyMonero becomes unavailable and you created your account over there, then you wouldn't be able to access your funds until someone implements a way to import your keys from MyMonero into simplewallet, or until MyMonero comes back online. That wouldn't be the case if you login with a seed from simplewallet into MyMonero.

This is untrue. If you use MyMonero, just backup your viewkey and spendkey, and you will always be able to recover your funds.

[GTO911]

anyone know why moneroclub.com is off??

Ask atrides

[osensei]

This is untrue. If you use MyMonero, just backup your viewkey and spendkey, and you will always be able to recover your funds.

Yes, but right now only through MyMonero implementation, or am I wrong?

[osensei]

anyone know why moneroclub.com is off??

Ask atrides

It's been down for at least a couple of days.

[Hueristic]

Can the funds/and or account on Mymonero.com be locked or removed/destroyed by Mymonero.com Admin? If indeed I created the account there.

You guys may see where I'm going with this but maybe not.

no they cant. they have your viewkey which means they are able to see your transactions.
but they cant "destroy" or steal your funds as they never have your spent-key (just like blockchain.info)

I have a question about MyMonero.com:

There is no way for me to get my coins from an account created there unless I send them from that account correct?

Yes, correct. As of today, If you created your account there, then you can only access your funds using MyMonero. At some point you may be able to import your keys from MyMonero in simplewallet, but that's not possible today.

On the other hand, what you can do right now is create a new wallet with simplewallet, login to MyMonero with your seed from simplewallet. Tell MyMonero to NOT import your previous transactions. Login to your original MyMonero account and transfer your funds to your new account created with simplewallet seed. That way you'll be able to use that new wallet with either MyMonero or simplewallet or any of the available GUI wallets (that rely on simplewallet).

Thank you, I wanted to make sure before I followed the line of thinking I was on. Now my second question is:

Can the funds/and or account on Mymonero.com be locked or removed/destroyed by Mymonero.com Admin? If indeed I created the account there.

You guys may see where I'm going with this but maybe not.

I have a question about MyMonero.com:

There is no way for me to get my coins from an account created there unless I send them from that account correct?

Yes, correct. As of today, If you created your account there, then you can only access your funds using MyMonero. At some point you may be able to import your keys from MyMonero in simplewallet, but that's not possible today.

On the other hand, what you can do right now is create a new wallet with simplewallet, login to MyMonero with your seed from simplewallet. Tell MyMonero to NOT import your previous transactions. Login to your original MyMonero account and transfer your funds to your new account created with simplewallet seed. That way you'll be able to use that new wallet with either MyMonero or simplewallet or any of the available GUI wallets (that rely on simplewallet).

Thank you, I wanted to make sure before I followed the line of thinking I was on. Now my second question is:

Can the funds/and or account on Mymonero.com be locked or removed/destroyed by Mymonero.com Admin? If indeed I created the account there.

You guys may see where I'm going with this but maybe not.

They can't touch your funds. But if for any reason MyMonero becomes unavailable and you created your account over there, then you wouldn't be able to access your funds until someone implements a way to import your keys from MyMonero into simplewallet, or until MyMonero comes back online. That wouldn't be the case if you login with a seed from simplewallet into MyMonero.

This is untrue. If you use MyMonero, just backup your viewkey and spendkey, and you will always be able to recover your funds.

This is untrue. If you use MyMonero, just backup your viewkey and spendkey, and you will always be able to recover your funds.

They can't touch your funds. But if for any reason MyMonero becomes unavailable and you created your account over there, then you wouldn't be able to access your funds until someone implements a way to import your keys from MyMonero into simplewallet, or until MyMonero comes back online. That wouldn't be the case if you login with a seed from simplewallet into MyMonero.

Yes, but right now only through MyMonero implementation, or am I wrong?

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).
Second user added by wallet creator allowed to release (this would be the depositor)
Wallet funded by added second account (which has no clue of seed) only a unlock passphrase
User releases Lock when goods received.

A semi trustless system as the MyMonero admin is trusted in this case. No different than using Admin (Fluffy right?) as an escrow only his involvement will not be needed except to handle disputes.

[smooth]

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).

No because the code to restore a MyMonero wallet elsewhere first of all rather trivial and second of all already implemented in some github branch somewhere (just not merged to master yet)

So it would be quite insecure to rely on not being able to access those funds.

[Hueristic]

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).

No because the code to restore a MyMonero wallet elsewhere first of all rather trivial and second of all already implemented in some github branch somewhere (just not merged to master yet)

So it would be quite insecure to rely on not being able to access those funds.

Ahh, thx Smooth looked like an easy change to add an automated XMR escrow page.


Hmmm
What about if both parties received part of the seed.

[smooth]

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).

No because the code to restore a MyMonero wallet elsewhere first of all rather trivial and second of all already implemented in some github branch somewhere (just not merged to master yet)

So it would be quite insecure to rely on not being able to access those funds.

Ahh, thx Smooth looked like an easy change to add an automated XMR escrow page.


Hmmm
What about if both parties received part of the seed.

Something that that could work, if it were seen as useful enough. In that case only both parties together would be able to retrieve the funds. I don't know if that is useful but it's certainly possible.

[GingerAle]

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).

No because the code to restore a MyMonero wallet elsewhere first of all rather trivial and second of all already implemented in some github branch somewhere (just not merged to master yet)

So it would be quite insecure to rely on not being able to access those funds.

Ahh, thx Smooth looked like an easy change to add an automated XMR escrow page.


Hmmm
What about if both parties received part of the seed.

I mapped out a escrow system that would essentially harness the power of payment IDs... well, its a multisig

https://forum.getmonero.org/6/ideas/220/good-enough-multisig-wallet

[Hueristic]

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).

No because the code to restore a MyMonero wallet elsewhere first of all rather trivial and second of all already implemented in some github branch somewhere (just not merged to master yet)

So it would be quite insecure to rely on not being able to access those funds.

Ahh, thx Smooth looked like an easy change to add an automated XMR escrow page.


Hmmm
What about if both parties received part of the seed.

Something that that could work, if it were seen as useful enough. In that case only both parties together would be able to retrieve the funds. I don't know if that is useful but it's certainly possible.

Unless the buyer receives an encrypted portion and seller has that key to release on goods received? Then Seller could recover funds without anything except seller releasing key. I guess Admin would still need seed or buyer could extort seller by not releasing key.

AFA as usefulness, I personally don't trust any current web based escrow services, I would trust one run by fluffy and the simple elegant interface of Mymonero is a real win.

I'll read this later ginger. thanks. "Good Enough Multisig wallet " https://forum.getmonero.org/6/ideas/220/good-enough-multisig-wallet

[fluffypony]

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).

No because the code to restore a MyMonero wallet elsewhere first of all rather trivial and second of all already implemented in some github branch somewhere (just not merged to master yet)

So it would be quite insecure to rely on not being able to access those funds.

https://github.com/warptangent/bitmonero/commit/35b1500536a98e02ea459ca6ccb42e8248de43a8
^^^
There is the code to restore a MyMonero wallet to simplewallet. Finding the right way to add it to master is the trick (as the derivation is a bit different to simplewallet) - do we stick to the current long-mnemonic derivation, and then use the MM derivation for short-mnemonics? Or do we provide a short version of the current long-mnemonic derivation, plus an extra short derivation for MyMonero-style keys?

Until we figure out the most appropriate way to integrate this it'll sit in this commit, but it can ALWAYS be integrated and released by any number of the 25 Monero core contributors in the event of MyMonero's sudden and unexpected demise:)

[Hueristic]

AND this here is the Crux on my question. MyMonero can Lock or remove access to those funds that were created with the key on their site. Now while some may think this is compromising of a trust-less system (it is) By generating a Key with the simple wallet first will bypass this as you guys have affirmed.

So now that this has all been fleshed out in my mind, here is my thought.
MyMonero can be used as an Escrow system where the Funds can be locked. Correct?

Create a wallet and a second login user for depositor (Site would have to guarantee wallet was created through site).

No because the code to restore a MyMonero wallet elsewhere first of all rather trivial and second of all already implemented in some github branch somewhere (just not merged to master yet)

So it would be quite insecure to rely on not being able to access those funds.

https://github.com/warptangent/bitmonero/commit/35b1500536a98e02ea459ca6ccb42e8248de43a8
^^^
There is the code to restore a MyMonero wallet to simplewallet. Finding the right way to add it to master is the trick (as the derivation is a bit different to simplewallet) - do we stick to the current long-mnemonic derivation, and then use the MM derivation for short-mnemonics? Or do we provide a short version of the current long-mnemonic derivation, plus an extra short derivation for MyMonero-style keys?

Until we figure out the most appropriate way to integrate this it'll sit in this commit, but it can ALWAYS be integrated and released by any number of the 25 Monero core contributors in the event of MyMonero's sudden and unexpected demise:)

I don't think anyone is concerned about losing their mymonero wallet. My interest as I pointed out was how to add a escrow to the site with minimal effort. I thought I had seen a way until smooth pointed this out. I still believe it should be pretty easily accomplished. Wouldn't you want to receive escrows without having to be personally involved unless there was an issue?

[Arux]

@fluffypony: is there a security flaw when using a simplewallet seed (25 words) to log in mymonero? is it recommended?