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

[medusa13]

i did not know this about the viewkey.

doesnt this take all the magic away? i mean maybe i misunderstood, but if you cant see outgoing transactions with the viewkey, how is it usefull at all?
the information that something was there once is not enough for auditing.

It isn't sufficient for proof-of-solvency. To do that you need a more interactive protocol where the site moves the coins or discloses key images.

It is sufficient for general auditing because you can demand that the owner account for everything that was received. The owner can prove what was spent and can then disclose that proof (either publically or privately to an auditor).

wow sorry guys i did not know this...

have to say i find the information about this (the picture above or what fluffy sayd in that presentation the other day) very missleading when it comes to this to be honest..

but maybe its also good like that, more like switzerland, declare whatever you like

so..if i send the same money to the same account again and again, what balance does the viewkey show? all incoming transactions combined?

[smooth]

i did not know this about the viewkey.

doesnt this take all the magic away? i mean maybe i misunderstood, but if you cant see outgoing transactions with the viewkey, how is it usefull at all?
the information that something was there once is not enough for auditing.

It isn't sufficient for proof-of-solvency. To do that you need a more interactive protocol where the site moves the coins or discloses key images.

It is sufficient for general auditing because you can demand that the owner account for everything that was received. The owner can prove what was spent and can then disclose that proof (either publically or privately to an auditor).

wow sorry guys i did not know this...

have to say i find the information about this (the picture above or what fluffy sayd in that presentation the other day) very missleading when it comes to this to be honest..

but maybe its also good like that, more like sitzerland, declare whatever you like

so..if i send the same money to the same account again and again, what balance does the viewkey show? all incoming transactions combined?

Yeah it would show that. View-only wallets really should just disable the balance display instead, or maybe change the label to "Total amount received". It is somewhat misleading the way it is now.

I'd say the picture is more confusing than misleading. All of the auditing use cases are still supportable as voluntary transparency. I'm not sure what is meant by the last item about parents monitoring spending though, that seems a bit misplaced.

[medusa13]

ok when i think about it its not so bad at all, since timestamps are visible no?

so if i want to declare my potential xmr salary, it is difficult to fake because i would need to make real transactions every month so it looks plausible, correct?

ok it could be the same money all the time..xmr washing machine

someone should make a 18 million viewkey on testnet

[smooth]

ok when i think about it its not so bad at all, since timestamps are visible no?

Yes.

so if i want to declare my potential xmr salary, it is difficult to fake because i would need to make real transactions every month so it looks plausible, correct?

Sure but not sure why you would do that. You could also be asked to show where you spent money on mortgage, taxes, etc. If you did that you wouldn't have enough left unaccounted to send the same money back to yourself.

[luigi1111]

ok when i think about it its not so bad at all, since timestamps are visible no?

so if i want to declare my potential xmr salary, it is difficult to fake because i would need to make real transactions every month so it looks plausible, correct?

ok it could be the same money all the time..xmr washing machine

someone should make a 18 million viewkey on testnet

I think this is a really critical point:

It is sufficient for general auditing because you can demand that the owner account for everything that was received.

It is still easy to prove and/or require proof for all outputs; it's just not a 1-and-done-for-all-time thing. The needed data is simple enough that I think a good UX should still be completely achievable.

[Hueristic]

Is anyone going to be there?

http://conference.rt.com/

[dalistar]

have the following rig


   Intel Core i7 6700K

Higher clock speed    4 GHz
Significantly newer manufacturing process    14 nm
Higher turbo clock speed    4.2 GHz
Better CompuBench 1.5 bitcoin mining score    32.9 mHash/s
Better geekbench 2 (32-bit) score    17,241
Better cinebench r10 32Bit 1-core score    8,981
Slightly better PassMark (Single core) score    2,318
Better cinebench r10 32Bit score    36,746
Slightly better overclocked clock speed (Water)    4.79 GHz



this is cpu information
they wrote can produce 32.9 mHash/s

so according to coinwarz calculater Monero
it can make 27 coin per day Huh?

is that right

how i can make sure before start mining

please help me

thanks

[MoneroMooo]

Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now), so if you could sustain that you'd be getting maybe 7000 monero a day (order of magnitude). So no. A desktop i7 should be getting you between 50 and 500 hashes a second (order of magnitude again), and 1 monero a day (oom yet again). So 27 seems very wrong.

[dalistar]

Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now), so if you could sustain that you'd be getting maybe 7000 monero a day (order of magnitude). So no. A desktop i7 should be getting you between 50 and 500 hashes a second (order of magnitude again), and 1 monero a day (oom yet again). So 27 seems very wrong.

first i also calculated 7000 xmr a day but i didnt believe it

I must knew how much exactly i cant get by day before buy this cpu

i am confused

[binaryFate]

Better CompuBench 1.5 bitcoin mining score    32.9 mHash/s

I don't know what that is but I'd guess SHA256.

[equipoise]

Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now), so if you could sustain that you'd be getting maybe 7000 monero a day (order of magnitude). So no. A desktop i7 should be getting you between 50 and 500 hashes a second (order of magnitude again), and 1 monero a day (oom yet again). So 27 seems very wrong.

first i also calculated 7000 xmr a day but i didnt believe it

I must knew how much exactly i cant get by day before buy this cpu

i am confused

Monero and Bitcoin use different hash functions and CPU mining Monero produce less H/s. You'll mine with something like 150-400 H/s with this processor. Monero mining thread here: https://bitcointalk.org/index.php?topic=653467.0

[luigi1111]

Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now), so if you could sustain that you'd be getting maybe 7000 monero a day (order of magnitude). So no. A desktop i7 should be getting you between 50 and 500 hashes a second (order of magnitude again), and 1 monero a day (oom yet again). So 27 seems very wrong.

first i also calculated 7000 xmr a day but i didnt believe it

I must knew how much exactly i cant get by day before buy this cpu

i am confused

New CPUs are extremely expensive on a price-per-hash basis. Don't buy it expecting to break even in a reasonable amount of time.

Also note that "bitcoin mining score" is an entirely useless measure for mining Monero.

I'd guess that CPU to be not faster than 400h/s (300-400 possibly).

[dalistar]

Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now), so if you could sustain that you'd be getting maybe 7000 monero a day (order of magnitude). So no. A desktop i7 should be getting you between 50 and 500 hashes a second (order of magnitude again), and 1 monero a day (oom yet again). So 27 seems very wrong.

first i also calculated 7000 xmr a day but i didnt believe it

I must knew how much exactly i cant get by day before buy this cpu

i am confused

New CPUs are extremely expensive on a price-per-hash basis. Don't buy it expecting to break even in a reasonable amount of time.

Also note that "bitcoin mining score" is an entirely useless measure for mining Monero.

I'd guess that CPU to be not faster than 400h/s (300-400 possibly).

if it is 400 h/s  so can make 0.33744434 XMR daily
are you make sure ?

[luigi1111]

Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now), so if you could sustain that you'd be getting maybe 7000 monero a day (order of magnitude). So no. A desktop i7 should be getting you between 50 and 500 hashes a second (order of magnitude again), and 1 monero a day (oom yet again). So 27 seems very wrong.

first i also calculated 7000 xmr a day but i didnt believe it

I must knew how much exactly i cant get by day before buy this cpu

i am confused

New CPUs are extremely expensive on a price-per-hash basis. Don't buy it expecting to break even in a reasonable amount of time.

Also note that "bitcoin mining score" is an entirely useless measure for mining Monero.

I'd guess that CPU to be not faster than 400h/s (300-400 possibly).

if it is 400 h/s  so can make 0.33744434 XMR daily
are you make sure ?

Yup, sounds right.

[dalistar]

so how can make good rig to mine xmr

[megges]

so how can make good rig to mine xmr

Infect some torrents / run a botnet which mines for you 

i guess you would need a gpu and not a cpu, but i guess also you can't build a rig which mines break even, perhaps if the power is for free ...

[luigi1111]

so how can make good rig to mine xmr

Infect some torrents / run a botnet which mines for you 

i guess you would need a gpu and not a cpu, but i guess also you can't build a rig which mines break even, perhaps if the power is for free ...

Decent electricity rates should mean better than BE is easily possible; just don't expect to quickly pay off new hardware. This is no different than any crypto right now (this isn't December 2013!).

[smooth]

If you are buying a rig specifically to mine, then GPUs are the way to go, because the hash/$ is much better and you can scale (many GPU cards per rig). Probably some 750ti model is your best bet, especially if you can get a good discounted price.

That's a big if though. As luigi says you probably won't break even on hardware any time soon even if you are profitable in terms of power.

If you are buying computer for some other reason, or already own it, and want to mine, then CPUs are fine. They seem a bit more power-efficient than GPUs in the best case, though probably not the one listed above. The lower-power variants (mostly laptop and server models) are more power-efficient than the high-performance desktop models.

[dalistar]

If you are buying a rig specifically to mine, then GPUs are the way to go, because the hash/$ is much better and you can scale (many GPU cards per rig). Probably some 750ti model is your best bet, especially if you can get a good discounted price.

That's a big if though. As luigi says you probably won't break even on hardware any time soon even if you are profitable in terms of power.

If you are buying computer for some other reason, or already own it, and want to mine, then CPUs are fine. They seem a bit more power-efficient than GPUs in the best case, though probably not the one listed above. The lower-power variants (mostly laptop and server models) are more power-efficient than the high-performance desktop models.

Yes what I want to do is renting good dedicated server and start mining .... server cost 159 usd per month ... seems not profitable if this cpu will give 400 hash per second ... what I want is making sure that this cpu can only make 400 hash/s .. because I read cpu information it was 32 mhash/s ... but people here told me this cpu almost 400 hash /s... I want to know how to calculate. ... because this cpu is very huge and big one comparing with other cpus and very expensive too ... so how to calculate cpu can produce how many hash per second

[smooth]

If you are buying a rig specifically to mine, then GPUs are the way to go, because the hash/$ is much better and you can scale (many GPU cards per rig). Probably some 750ti model is your best bet, especially if you can get a good discounted price.

That's a big if though. As luigi says you probably won't break even on hardware any time soon even if you are profitable in terms of power.

If you are buying computer for some other reason, or already own it, and want to mine, then CPUs are fine. They seem a bit more power-efficient than GPUs in the best case, though probably not the one listed above. The lower-power variants (mostly laptop and server models) are more power-efficient than the high-performance desktop models.

Yes what I want to do is renting good dedicated server and start mining .... server cost 159 usd per month ... seems not profitable if this cpu will give 400 hash per second ... what I want is making sure that this cpu can only make 400 hash/s .. because I read cpu information it was 32 mhash/s ... but people here told me this cpu almost 400 hash /s... I want to know how to calculate. ... because this cpu is very huge and big one comparing with other cpus and very expensive too ... so how to calculate cpu can produce how many hash per second

Rented servers are usually much too expensive to even break even. The cost of rental is usually many times the cost of electricity used to run the server. Of course that makes sense since the rental company has other expenses.

Anyway most CPUs will run something like 50-70 hash/thread where threads is cache/2. With that estimate you can work out some numbers.