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

[bigj]

Could this 'pocket RPi' become useful for Monero?! Looks like a chance for a Monero pocket wallet (look at the 49$ option):

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer

[fluffypony]

Just to make the point: I do like the RPi2 very much! Actually I'm happily using one as ftp and ip-cam server. Did try Monero on it... way too slow!! I would even claim the RPi is too slow for anything based on PoW. Bitshares' DPOS might work, but that's another story.

So, why bother with slow hardware if you can have something >10x faster (not to mention memory and disk space and software) for virtually the same price and similar wattage/running costs.

Don't get me wrong, Bitseed's offer/product is pretty cool, but it does not suit the purpose well (Monero, PoW node) when compared to an Intel based solution. As little server it will be awesome for sure.

Ah - I didn't realise it was a RPi II inside the BitSeed. Oh well.

[GingerAle]

Yeah, the motivation to share the info about bitseed was 2-fold:

1. Obviously, increasing the number of nodes running monero == great! However, seeing that it would mostly be us (the ones in this community) running these monero-bitseeds, most of us already run a node... so... no blatant advantage here.

2. Putting ourselves on the bitseed website. The way I understand the website, if you go through the effort of purchasing 100 units, they will then officially offer a bitseed variant for your cryptocurrency for single order purchases. So people would hear about bitseed, go "yeah I wanna help decentralize the network woopeee!!" Then they'd go to the website, and see bitseed for bitcoin, bitseed for monero, and go "whats this monero thing?"

( as an aside, they would then google monero and get getmonero.org as their first result, which is good. If they find the empty User Guide page, not so good. Anybody got time to do this? )

So I guess my point is for 12k we get some type of exposure. Expensive, yah. Is the core software too early in the game for plopping into hardware like this? Perhaps. Is this something we wait until MRL 4 gets implemented? Perhaps. I imagine these devices are geared towards the "bitcoin is great, but I don't want to deal with it." so they buy a bitseed and plug it in and then they feel good about contributing to the revolution. My point is we couldn't count on this demographic to upgrade the software (unless there was a really easy way to do it)

[5w00p]

Could this 'pocket RPi' become useful for Monero?! Looks like a chance for a Monero pocket wallet (look at the 49$ option):

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer

The pocket C.H.I.P looks to be quite awesome. I want one.

Did you back the project, bigj?

[bigj]

Could this 'pocket RPi' become useful for Monero?! Looks like a chance for a Monero pocket wallet (look at the 49$ option):

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer

The pocket C.H.I.P looks to be quite awesome. I want one.

Did you back the project, bigj?

Just stepped on it. Yes, thinking about backing it.

[Lloydimiller4]

Could this 'pocket RPi' become useful for Monero?! Looks like a chance for a Monero pocket wallet (look at the 49$ option):

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer

The pocket C.H.I.P looks to be quite awesome. I want one.

Did you back the project, bigj?

indeed, it was time to rasppi get some competition.

This looks amazing. Is 512mb of RAM enough to run a full XMR node? I am considering picking up one of the pocket C.H.I.Ps

[smooth]

Could this 'pocket RPi' become useful for Monero?! Looks like a chance for a Monero pocket wallet (look at the 49$ option):

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer

The pocket C.H.I.P looks to be quite awesome. I want one.

Did you back the project, bigj?

indeed, it was time to rasppi get some competition.

This looks amazing. Is 512mb of RAM enough to run a full XMR node? I am considering picking up one of the pocket C.H.I.Ps

the latests builds with database never used more than 2 digits ram here! But I dont know if it will be compatible with this.

Should be sufficient. The processor is single core but slightly more advanced than each of the cores on a RPi 2. I don't foresee any problems running a Monero node or wallet or lightweight model node/client on one of these.

[smooth]

Just to make the point: I do like the RPi2 very much! Actually I'm happily using one as ftp and ip-cam server. Did try Monero on it... way too slow!! I would even claim the RPi is too slow for anything based on PoW. Bitshares' DPOS might work, but that's another story.

So, why bother with slow hardware if you can have something >10x faster (not to mention memory and disk space and software) for virtually the same price and similar wattage/running costs.

Don't get me wrong, Bitseed's offer/product is pretty cool, but it does not suit the purpose well (Monero, PoW node) when compared to an Intel based solution. As little server it will be awesome for sure.

Ah - I didn't realise it was a RPi II inside the BitSeed. Oh well.

The bitseed is less powerful than a RPi2 (2 cores vs. 4 cores). It does have packaging for a hard drive though.

EDIT: Not sure if the v2 is different from the original. I don't see specs for it anywhere.

[5w00p]

Could this 'pocket RPi' become useful for Monero?! Looks like a chance for a Monero pocket wallet (look at the 49$ option):

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer

The pocket C.H.I.P looks to be quite awesome. I want one.

Did you back the project, bigj?

indeed, it was time to rasppi get some competition.

This looks amazing. Is 512mb of RAM enough to run a full XMR node? I am considering picking up one of the pocket C.H.I.Ps

I read the comments, and apparently if you want the HDMI output option, you will be waiting for the device until May 2016.
I think that feature will be worth it so I might just wait for the kickstarter campaign to finish and buy one when they launch the consumer model.
Hopefully the price remains about the same.

[smooth]

One issue with the CHIP is integrated 4 GB storage instead of an SD socket like RPi 2. That will be a challenge for running a node, although using it to run a wallet connected to a remote node should be fine. It does have one USB port so a USB flash drive is an option. Overall the RPi 2 is going to be a better option here (though more expensive).

[Lloydimiller4]

One issue with the CHIP is integrated 4 GB storage instead of an SD socket like RPi 2. That will be a challenge for running a node, although using it to run a wallet connected to a remote node should be fine. It does have one USB port so a USB flash drive is an option. Overall the RPi 2 is going to be a better option here (though more expensive).

Yea, I figure with the USB port I can just throw on some extra GBs if I want to run a full node. I really just like Pocket CHIP accessory for it that turns it into a small portable computer with wifi, that is the main selling point to me.
Do you think this little guy could run TAILS on it?

[jehst]

Will a per-kb transaction fee result in overly high transaction fees over time? Question raised on reddit:

http://www.reddit.com/r/Bitcoin/comments/35azxk/screw_the_hard_limit_lets_change_the_block_size/cr39v39?context=3

[smooth]

Will a per-kb transaction fee result in overly high transaction fees over time? Question raised on reddit:

http://www.reddit.com/r/Bitcoin/comments/35azxk/screw_the_hard_limit_lets_change_the_block_size/cr39v39?context=3

There seemed to be some confusion on that thread about per-kb and a percentage of value. I didn't read the whole thing so I don't know the context.

In any case, Monero does not rely on transaction fees to incentivize (honest) mining, and we don't expect transaction fees to be particularly profitable for miners. (By contrast, Bitcoin not only expects this but relies on it to encourage people to mine at all once block rewards are gone.)

The goal of the fees in Monero is to serve as an anti-spam measure and also to incentivize miners to include the transactions in their blocks rather than mine empty blocks.

As far as "overly" high, that is subjective of course. Since we have ring signatures and larger transactions, the natural cost of transactions is higher and the fees will likely follow that, but you get what you pay for (trustless decentralized mixing).

EDIT: typo

[eizh]

Will a per-kb transaction fee result in overly high transaction fees over time? Question raised on reddit:

http://www.reddit.com/r/Bitcoin/comments/35azxk/screw_the_hard_limit_lets_change_the_block_size/cr39v39?context=3

Per-kb isn't really the issue. The impact of any defined fee structure will drift over time away from what was intended as exchange rates and purchasing power change. There's no way around this without some way to dynamically set the fee based on current value and nothing satisfactory exists in that domain.

[fluffypony]

One issue with the CHIP is integrated 4 GB storage instead of an SD socket like RPi 2. That will be a challenge for running a node, although using it to run a wallet connected to a remote node should be fine. It does have one USB port so a USB flash drive is an option. Overall the RPi 2 is going to be a better option here (though more expensive).

Yea, I figure with the USB port I can just throw on some extra GBs if I want to run a full node. I really just like Pocket CHIP accessory for it that turns it into a small portable computer with wifi, that is the main selling point to me.
Do you think this little guy could run TAILS on it?

I backed it for the same reason. They've got a little GUI Linux OS running on it already, so I think Tails will be fine.

[Brilliantrocket]

Smooth, you've received a solid commendation from Anonymint  

Smooth is the most astute programmer in altcoins that I have had discussions with.

It seems to me that Monero has the best team of any altcoin.

[akula999]

Just tried the latest version of CCminer with a nvidia 980 GPU. I'm getting ~400H/s mining XMR on a pool.
Does this sound about right? Is there a spreadsheet or something online which breaks down hashing speeds?

[dEBRUYNE]

Smooth, you've received a solid commendation from Anonymint  

Smooth is the most astute programmer in altcoins that I have had discussions with.

It seems to me that Monero has the best team of any altcoin.

The whole post is crosspost worthy in my opinion:

8. I have been a "silver bug" in a sense that I regarded it as a great investment and was overweight, in 2006-2013, then I was a Bitcoin bug for a short time, and now have been a Monero bug, because it now holds the same promise that the previous ones did earlier. (Monero is so cheap that I am not even much weighted, because the potential upside is so great.) Both silver and bitcoin are now relegated to wealth preservation roles in my thinking, both still having the potential of large upside though.

9. I have never been a gold bug but have occasionally owned some gold.

10. Neither a lender nor a borrower be. Knowledge economy does not have a place for debt (obligation to pay a fixed sum regardless of the outcome of the venture) in it. Crowdfunding in all forms is the way to go.

11. The role of financial capital is to enable the most effective use of knowledge capital, and even before Bitcoin was invented, my productivity has not much been hampered by the lack of financial capital. I am content with the amount that I have, and in the long term more is probably coming when one of my current or future long-shots matures. The excess I have keenly donated to charitable purposes, although finding worthy recipients is difficult.

12. The theses do not consider the "industrial-age" situations where pooling of massive resources under a centralized command was necessary. Some projects still have these attributes, but most of them could already be reorganized, power politics are hindering the progress.

Risto the entire post was excellent. I thought maybe we were further apart in our thinking, but on the surface of that post it seems we are close to total agreement. Perhaps you've made some changes in your thinking lately?

My quibble is going to be on the fact that silver and Bitcoin are not anonymous[1] and aren't you at all concerned about shielding wealth from socialism deathstar expropriation?

And my other quibble remains that you are not technically qualified to know whether Monero is sufficient to be the big winner. I strongly suggest you need to be more diversified in altcoins if you want to hit the jackpot. One day you are going to learn that in this area (just like you learned on the castle which I warned you was under threat from Russia), my capabilities in some cases exceed aminorex and others you may rely on for technical appraisals (and theirs exceed mine in other cases). Smooth has outsmarted me at times and to the extent he can be objective (considering his close association to Monero) then I would advise trusting his appraisals of any technical writings I make. Aminorex is very smart, but he appears to me to be more of a math guy than a programmer (although my interaction with him is minimal). Smooth is the most astute programmer in altcoins that I have had discussions with. Perhaps there are others but I haven't been able to engage them in productive discussion (e.g. fluffyponey, tacotime, etc).

However, I will admit I don't know of any other altcoins that have sufficient feature sets and ecosystem that give them a better shot than Monero, at least in the anonymity focused subset of altcoins. So in that case I would have to agree with you on the Monero bet up to this point in time. I must mea culpa that I haven't been following altcoins much lately, and I don't know whats up with latest on Nxt, jl777's work, Boolberry, Dogecoin, etc.. I don't even load the coinmarketcap any more.

I am cognizant that you may become complacent/overconfident and miss something. Well I guess it never hurt you to be late and miss the IPO. You missed it for both Monero and Bitcoin. So perhaps it isn't your role to be one of the earliest adopters. And thus I should not be focusing my energy on trying to explain any technical innovation too early in the development cycle. Ditto OROBTC and others. You all can't understand. You all come in much later after the technical experts have already jumped on board. In short, you all must be followers because you don't have the first hand technical acumen.

[1] Anonymity with Bitcoin is is riddled with potential pitfalls. IP anonymity is tricky for any crypto-coin, and Bitcoin doesn't have onchain anonymity. Upthread I already made the case that physical metals will not be anonymous.

EDIT: For whom it was not clear yet, TPTD_need_war = AnonyMint

[tyz]

Has Monera a asset exchange or crowdfunding platform like some other crypto coins have were I can invest in Monera related projects?

[medusa13]

Hi All,

on my macbook, yosemite, 10.10.3, with monero 0.8.8.6 after some days running it 24/7 i get:

Code:

[1431007782] libunbound[3218:0] error: can't create socket: Too many open files

maybe its allready known, maybe not, just wanted to share