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

[sammy007]

hey guys, short question:

what's the recommended minimum number of confirmations a site should use before crediting deposits? I know that poloniex takes ~16(?) confirmations, but that always feels like a little bit too much.

reason I'm asking: https://i.imgur.com/e3BcgAU.jpg

15 confirmations is ok for me. It feels too much because I am sure they are refreshing not every millisecond and we don't know how they crediting system behave. There are also network variance can take it's place so 15 confirmations = 15 minutes can turn into 20 or even more just like it can take 5 minutes.

[binaryFate]

what's the recommended minimum number of confirmations a site should use before crediting deposits?

Ideally, the answer should depend on the amount, there is no general answer. Confirmations just lower the probability to be double-spent, so you should just ask enough so that you're confortable with that probability and your users are confortable waiting for the required amount of time.

reason I'm asking: https://i.imgur.com/e3BcgAU.jpg

A gentle general reminder to all: be extra, extra careful with "investing" any significant amount. AFAIK the Cryptocoins-Dice.com guy got away with his scam, and there are all reasons to believe it was not his first dice scam, and is not going to be the last one.

[dnaleor]

Maybe someone is interested in these charts about XMR versus BTC emission and inflation

linear chart:



log chart:




I have the data in excel, if someone wants a specific chart made or some info, just send me a PM
PS: according to my calculations, the 0.3 minimum block reward will kick in around may 31 2022

[elrippo]

With all the ideas for a simple node server for cheap why not build one that gives a few extra mining options but keeps price low for those just wanting a node, wallet and simple miner.

AMD ATHLON MINI PC
Node, Wallet, Miner (with mining expansion options) Base unit $190

Since the new release will have the built in miner feature you can take advantage of 2 of the Athlons 4 cores assuming the 8.8.7 release supports this.  Mine with 2 cores and run the system with the other 2 cores.  This way someone could build a small PC that could run the wallet, node and miner all in one with extra mining options.  I priced out some parts and this build would be most useful to Windows folks that aren’t as tech savvy but want to support the network and get involved.
 
Add a nice GPU to the available PCI Express slot on the motherboard and get a little more mining power with a 3rd party GPU miner installed. With 430w of power I doubt this motherboard with RAM and SSD will pull more than 100w leaving 330w open for a nice GPU.  You could up the power supply rating if you wanted to run a very high end GPU.

-MSI AM1I AM1 2 x SATA 6Gb/s USB 3.0 HDMI Mini ITX AMD Motherboard ($30)
-MD Sempron 3850 Kabini Quad-Core 1.3GHz Socket AM1 25W ($30)
-Thermaltake TR2 W0070 430W ATX12V v2.3 Power Supply ($45)
-Crucial 4GB (2 x 2GB) 240-Pin DDR3 ($35)
-Corsair Force CSSD-F120GB2B/RF2 2.5" 120GB SSD ($50)
All priced through New Egg

OPTION MINING ADD ON
-Any Nvidia or AMD GPU card.
   
Anyway I don’t claim to be an expert and assuming the new DB reduces the RAM usage in Windows environment this might be a nice option for someone starting out and getting to know Monero.  I might just have to build one of these and try it out once the new release is out and stable.

Have you checked out this thread -> https://bitcointalk.org/index.php?topic=1035694 

[5w00p]

I posted over at getmonero.com forum, but I will link to the thread here.

Re: Funding a physical Monero using a wallet derived from codes on the side of the coin - can it currently be done?:
https://forum.getmonero.org/4/academic-and-technical/221/creating-a-standard-for-physical-coins

[pookielax31]

Anyword on the GUI wallet? Any rough estimate on how far out that might be?

[Hueristic]

Anyword on the GUI wallet? Any rough estimate on how far out that might be?

Your answer is in the wiki.

[tobaccoleaf]

Maybe someone is interested in these charts about XMR versus BTC emission and inflation

linear chart:

http://i.gyazo.com/45f8890d4d887f3d9ed095301ee0b9f5.png

log chart:

http://i.gyazo.com/f30851e8d3ce874014fe8410c558913a.png


I have the data in excel, if someone wants a specific chart made or some info, just send me a PM
PS: according to my calculations, the 0.3 minimum block reward will kick in around may 31 2022

Very interesting, thx!
Could you upload it for sharing, or maybe send it privately?

[dnaleor]

Very interesting, thx!
Could you upload it for sharing, or maybe send it privately?

the data isn't "clean" (not very usefull organized + with some dutch in it), but i will open source (google docs) once I did it properly and double checked the data.
In the meantime, if you want some sort of chart, just PM

[pookielax31]

Anyword on the GUI wallet? Any rough estimate on how far out that might be?

Your answer is in the wiki.

Link? I couldnt find the wiki link

[dEBRUYNE]

Anyword on the GUI wallet? Any rough estimate on how far out that might be?

Your answer is in the wiki.

Link? I couldnt find the wiki link

I think he meant this -> https://forum.getmonero.org/1/news-announcements-and-editorials/190/editorial-why-is-the-official-gui-wallet-not-released-yet

Anyway, on the dogedradio interview devs said it will probably be released within 6 months and certainly this year. That interview was in March.

Devs: If this isn't correct, please correct me.

[ShapeShift.io]

UPDATE TO MONERO: ShapeShift has re-launched Monero on the exchange. Buy/sell with XMR on shapeshift.io

[pookielax31]

UPDATE TO MONERO: ShapeShift has re-launched Monero on the exchange. Buy/sell with XMR on shapeshift.io

Update: XMR is down on shapeshift

Edit: Back up

[ShapeShift.io]

UPDATE TO MONERO: ShapeShift has re-launched Monero on the exchange. Buy/sell with XMR on shapeshift.io

Update: XMR is down on shapeshift

Try a hard refresh of the page. XMR is live and operational.

[doc12]

Question: If I transfer my XMR to the MyMonero webwallet, is it possible to import private key (passphrase) into a standalone wallet later on ?

[kazuki49]

Question: If I transfer my XMR to the MyMonero webwallet, is it possible to import private key (passphrase) into a standalone wallet later on ?

this will answer your question: http://forum.getmonero.org/5/support/279/restore-mymonero-to-simplewallet?page=&noscroll=1#post-1099

[pookielax31]

So how much donating needs to happen to get the ball rolling for the GUI wallet dream to come true? Im willing to make a big donation in BTC or XMR but i want it to be directly correlated to the advancement of this wallet as I believe this will be one of the major stepping stones to XMR advancement. I know their is a donation address but it would be nice being able to choose where we want our money applied. Keep it up and look forward to the response.  http://imgur.com/a/ERheR#L4244oc

[DaveyJones]

So how much donating needs to happen to get the ball rolling for the GUI wallet dream to come true? Im willing to make a big donation in BTC or XMR but i want it to be directly correlated to the advancement of this wallet as I believe this will be one of the major stepping stones to XMR advancement. I know their is a donation address but it would be nice being able to choose where we want our money applied. Keep it up and look forward to the response.  http://imgur.com/a/ERheR#L4244oc

AFAIK it is planned to be supported by the Forum Software in the not so far future that you can choose where to put your donations ( GUI , Research etc. )

[dEBRUYNE]

So how much donating needs to happen to get the ball rolling for the GUI wallet dream to come true? Im willing to make a big donation in BTC or XMR but i want it to be directly correlated to the advancement of this wallet as I believe this will be one of the major stepping stones to XMR advancement. I know their is a donation address but it would be nice being able to choose where we want our money applied. Keep it up and look forward to the response.  http://imgur.com/a/ERheR#L4244oc

Fluffypony & co are setting up a new funding system on the official forum, this will likely speed up things and you can donate to what you personally find most important. Currently the donations go to more or less a blackbox (no offense to the devs, you guys are doing great work, but you get my point) and this is in my opinion a great step forward. If I recall correctly, fluffypony said a few days ago that they are finalizing this system.

Additional information:

you guys are always pointing out how the project is basically unfunded and you do great work under those conditions no doubt. but i just want to do what i can to help with this situation for 2 reasons, for the good of monero, but also because you guys should be compensated for the work you do. and the thing is, i just dont think that panhandling is ever going to get you the sort of consistent and appropriate compensation you should be getting, and monero should be getting.

We've been working on adding some needed functionality to the forum, and our next major task we're going to tackle is the funding system. The idea is:

1. Users / developers / anyone will pitch an idea in the Ideas section of the forum. This is already happening.

2. After some discussion it will be moved by one of the administrators (currently the Core Team only, but that would change in future) to the Open Tasks section of the forum. No tasks have been moved as yet.

3. Developers (including the core team, and initially probably only the core team for simplicity) will pitch against each of these open tasks. Later on I would expect that there would be more people / teams pitching against tasks, and the most competent / available / reasonably priced will be the one the community will veer towards.

4. Once the developer / team has been selected to complete the task it moves to the Funding Required section of the forum, and it is opened for funding.

5. Funding will be to a core team controlled address with a payment ID for that particular project/task, and there will be a funding progress bar. This information will be mirrored over to a funding page on the website that shows the funding progress per project/task.

6. When funding reaches 70% (for smaller tasks) or 30% (for larger and longer tasks) it goes into the Work in Progress section and work begins.

7. Funds are dispensed by the core team on a regular basis and only if there is actual progress / commits / whatever, so it doesn't go into a black hole.

Advantages of this approach:

- the core team's oversight role can eventually be replaced by a group selected from the community at large, so as not to have a stranglehold over things

- the core team's escrow role can eventually be replaced by a multi-sig system (2-of-3) where the signatories are the core team, the oversight group, and the recipient, so the recipient can't spend those raised funds without the involvement of one of the other 2 signatories

- this isn't limited to dev tasks, and things like "fly David Latapie to speak at a conference" or lobbying or PR or advertising can all have tasks created and funded

- funding is direct and specific to tasks instead of going into a big black hole and hoping for the best

We expect this system will still take us another short while before we can put it live, but we're already crunching away at the functionality for it (and this also further emphasises why the forum couldn't just be SMF with a theme;) )

[GingerAle]

So how much donating needs to happen to get the ball rolling for the GUI wallet dream to come true? Im willing to make a big donation in BTC or XMR but i want it to be directly correlated to the advancement of this wallet as I believe this will be one of the major stepping stones to XMR advancement. I know their is a donation address but it would be nice being able to choose where we want our money applied. Keep it up and look forward to the response.  http://imgur.com/a/ERheR#L4244oc

There will be a project-specific funding mechanism implemented on the Getmonero.org forum soon, so this could be a good avenue for your proposed funding.

I would argue, however, that MRL 4 implementation is more important than a GUI, because they are fundamental to strengthen the core functions of privacy and untraceability.

For your reference,

https://lab.getmonero.org/pubs/MRL-0004.pdf

And the missive that describes it:
http://getmonero.org/2015/02/23/monero-missive-for-the-week-of-2015-02-23.html

(do mind the quality of the audio, this was one of my earlier efforts. This particular missive is transcribed though, so yay!!)

Though, in general, I understand the GUI wallet push, but the only thing I see this advancing is an increased user-base, which could theoretically lead to increased hodling, which theoretically leads to increased price of the coin. But, if the coin fails untraceability due to people using mixin 0 and dust bombs then....

Fundamentals!!!

But its your money!! And I'm just a dude.