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

[spatula]

Holland has banned Monero?  Is It True?
Icebreaker is abandoning Monero?  Is It True?
Shen is abandoning Monero?  Is It true?

What kind of Bullshit FUD is this???

Spatula made money!  

A small portion of my holdings could buy me a Tesla, but I'd rather wait until those coins will get me a few acres of prime Napa vineyard (and won't need to be changed into fiat).

So my points are invalid because I made money in other areas of crypto? You made lots of money in crypto, even headed a scam mining company. If you evaluated my post history you will see I have also been heavily invested in XMR, until the dev's started supporting trolling of the entire cryptosphere, now my XMR holdings are quite small. Maybe you should pay back the hashfast investors that you scammed instead of buying a tesla. I'm sure the judge in your case would love to see your bragging on the internet about how much money you have.

Stop bringing this thread off-topic, this is the Monero thread.

Did Shen quit the Monero project? If so, does that impact the new RingCT implementation?
 

[iCEBREAKER]

  I have also been heavily invested in XMR, until the dev's started supporting trolling of the entire cryptosphere, now my XMR holdings are quite small. 

[spatula]

So instead of answering the question, you just attack me.... Isn't that what you accuse pretty much everyone else of doing?

Ok, does anyone else know if Shen quit the Monero project, and if so, what were his reasons and how does it impact future development plans?

[jwinterm]

So instead of answering the question, you just attack me.... Isn't that what you accuse pretty much everyone else of doing?

Ok, does anyone else know if Shen quit the Monero project, and if so, what were his reasons and how does it impact future development plans?

It doesn't look like he quit necessarily, just not wanting to be majorly involved at the moment. In his last post on getmonero forum he says that Luigi and aminorex will probably work on implementation of ring multi SIG, but doesn't say that he won't be a part of bullet point #3, which is deep review after implementation.

Tbh, that whole episode was a bit bizarre, but I guess just another day off the week in crypto land.

[Hueristic]

http://arstechnica.com/tech-policy/2017/01/china-announces-mass-shutdown-of-vpns-that-bypass-great-firewall/

[ptytrader]

Has anyone been able to import their mymonero seed into their GUI? I keep getting an error saying that the electrum style seed is not validated. Can someone help.

Also, stop the FUD.

[iCEBREAKER]

http://m.nasdaq.com/article/dutch-authorities-ramp-up-fight-against-bitcoin-money-laundering-cm736269


Get ready to dump all moneros here comes the end!!!!
Monero blockchain is declared illegal while alphabay is on heavy investigation from interpol it will exit scam no later than 2 months!!!Its time for huge dump guys let me see some shorters out!!

What? I only see that as being more positive for Monero. They are targeting centralized mixers like bitmixer.io, which also makes Dash masternodes a target.

Exactly.  A Dash masternode is a turn-key money laundry.  That's why they pay out ridiculous high-yield rates.  They are easily targeted as well, since only a handful of people control 98% of all masternodes.  Interpol will lightly squeeze Otoh and he will yield to the pressure like a fresh cream puff.

Thank goodness the cost of operating a full Monero node does not require surmounting onerous, egregiously elitist barriers to entry such as Dash's 1000 coin/$12,000 Masternode price tag.

[CryptoRambler]

http://m.nasdaq.com/article/dutch-authorities-ramp-up-fight-against-bitcoin-money-laundering-cm736269


Get ready to dump all moneros here comes the end!!!!
Monero blockchain is declared illegal while alphabay is on heavy investigation from interpol it will exit scam no later than 2 months!!!Its time for huge dump guys let me see some shorters out!!

What? I only see that as being more positive for Monero. They are targeting centralized mixers like bitmixer.io, which also makes Dash masternodes a target.

Exactly.  A Dash masternode is a turn-key money laundry.  That's why they pay out ridiculous high-yield rates.  They are easily targeted as well, since only a handful of people control 98% of all masternodes.  Interpol will lightly squeeze Otoh and he will yield to the pressure like a fresh cream puff.

Thank goodness the cost of operating a full Monero node does not require surmounting onerous, egregiously elitist barriers to entry such as Dash's 1000 coin/$12,000 Masternode price tag.

Hey Icebreaker,

How much is the initial setup cost for operating 1 XMR node? Ongoing annual costs?

Is it possible to set this up on AWS?

[phoenix rises]

Has anyone been able to import their mymonero seed into their GUI? I keep getting an error saying that the electrum style seed is not validated. Can someone help.

Also, stop the FUD.

Hey there, I already replied to you on this here - did you try it yet? (Maybe you missed it in the FUD-storm!!  )

https://bitcointalk.org/index.php?topic=583449.msg17565699#msg17565699

You can't import a 13 word MyMonero seed into the GUI directly, it only accepts 25 word seeds. That is why you a seeing this error.
It is not possible to convert your 13 word seed into a 25 word seed - you have import the wallet via the Private View and Spend Keys (which you should be able to get from MyMonero.com), using the CLI as detailed in the link in the linked post.

[dEBRUYNE]

Has anyone been able to import their mymonero seed into their GUI? I keep getting an error saying that the electrum style seed is not validated. Can someone help.

Also, stop the FUD.

You can't import the seed directly. Please follow this guide:

https://monero.stackexchange.com/questions/3091/how-do-i-use-my-mymonero-wallet-via-the-monero-core-gui

For step 1 to 4 you can also follow this guide:

https://www.reddit.com/r/Monero/comments/4exiih/an_easy_to_understand_guide_on_how_to_restore/

Note that simplewallet was renamed to monero-wallet-cli.

[Mrboot]

Why is monero better then Nav ? serieus question just trying to find out.

[Millionero]

How much is the initial setup cost for operating 1 XMR node? Ongoing annual costs?

Is it possible to set this up on AWS?

I don't know how much Amazon costs, but I'll tell you what I'm paying for my VPS at https://my.mikrovps.hu
I've been using the "VZ-1G" service, which gives you 500 GB a month bandwidth and costs $6.59 per month, payable with bitcoin or paypal.
I just got an email from them saying my bandwidth is 95% used up, so it looks like I am going to have to upgrade to their 1 TB monthly bandwidth service, which costs $9.02 per month.

[DonYo]

Why is monero better then Nav ? serieus question just trying to find out.

https://chainz.cryptoid.info/nav/#!rich
http://moneroblocks.info/richlist

[kurious]

Why is monero better then Nav ? serieus question just trying to find out.

https://chainz.cryptoid.info/nav/#!rich
http://moneroblocks.info/richlist

Well said, Sir.

[toffoo]

I've been having this problem again trying to send XMR to ShapeShift.io and having the trade cancelled because the deposit doesn't get confirmed within 10 minutes.

ShapeShift is again not recognizing the unconfirmed deposit transaction (as it does for any other coin) and therefore keeps the 10 minute timer ticking.

Monero is also randomly (but frequently) not including my transactions in the next block, nor the block after that, etc ... for example this latest one has been in the unconfirmed transactions pool for 43 minutes and 19 blocks.

Anybody know what's going on?

Need some help with simplewallet here:

I'm having an ongoing issue where outgoing XMR transfers do not make it into the next block, and sometimes not for several blocks.  This wreaks havoc with ShapeShift because they cancel the transaction if your deposit if it's not confirmed in a block within 10 minutes.

If Monero blocks are not nearly full like Bitcoin and miner fees are automatic, what else could it be?

Example:

Code:

[wallet]: transfer xxx........
Money successfully sent, transaction <xxx........>
[wallet]: bc_height
1085653
[wallet]: bc_height
1085654
[wallet]: bc_height
1085655
[wallet]: bc_height
1085656
Height 1085656, transaction <xxx........>, spent xxx........

Why didn't that xfer get included in block 1085654 or 1085655?  Thanks for the help!

I don't know how to answer the question but I had a tx in block 1085656, I wasn't paying much attention but I was surprised it took a few blocks to get confirmed. My only guess is with the rapid increase in activity and hashrate over the past couple days there seems to be a lot of variance at the moment...two blocks found within seconds then 10 minutes between blocks: http://moneroblocks.info/

Notice the tx per block is higher than average: http://moneroblocks.info/stats

I'm sorry to hear that Shapeshift is not recognizing the payment as soon as it hits the tx pool. Use xmr.to. I have communicated with a Shapeshift dev on how to get the payment id from the tx pool but I guess they are too busy or something...

[owlcatz]

Shameless plug.... Piece of fine XMR history here up for auction - MS69 graded Lealana brass 5 xmr coin!

https://bitcointalk.org/index.php?topic=1763614.new#new

Thanks!

[ArabMist]

I've been having this problem again trying to send XMR to ShapeShift.io and having the trade cancelled because the deposit doesn't get confirmed within 10 minutes.

ShapeShift is again not recognizing the unconfirmed deposit transaction (as it does for any other coin) and therefore keeps the 10 minute timer ticking.

Monero is also randomly (but frequently) not including my transactions in the next block, nor the block after that, etc ... for example this latest one has been in the unconfirmed transactions pool for 43 minutes and 19 blocks.

Anybody know what's going on?

Need some help with simplewallet here:

I'm having an ongoing issue where outgoing XMR transfers do not make it into the next block, and sometimes not for several blocks.  This wreaks havoc with ShapeShift because they cancel the transaction if your deposit if it's not confirmed in a block within 10 minutes.

If Monero blocks are not nearly full like Bitcoin and miner fees are automatic, what else could it be?

Example:

Code:

[wallet]: transfer xxx........
Money successfully sent, transaction <xxx........>
[wallet]: bc_height
1085653
[wallet]: bc_height
1085654
[wallet]: bc_height
1085655
[wallet]: bc_height
1085656
Height 1085656, transaction <xxx........>, spent xxx........

Why didn't that xfer get included in block 1085654 or 1085655?  Thanks for the help!

I don't know how to answer the question but I had a tx in block 1085656, I wasn't paying much attention but I was surprised it took a few blocks to get confirmed. My only guess is with the rapid increase in activity and hashrate over the past couple days there seems to be a lot of variance at the moment...two blocks found within seconds then 10 minutes between blocks: http://moneroblocks.info/

Notice the tx per block is higher than average: http://moneroblocks.info/stats

I'm sorry to hear that Shapeshift is not recognizing the payment as soon as it hits the tx pool. Use xmr.to. I have communicated with a Shapeshift dev on how to get the payment id from the tx pool but I guess they are too busy or something...

You're not the only one. I gave up on shapeshift a while ago regarding Monero. Plus their customers service wasn't the best so said I'd avoid for the short term.

[imjustsayintho]

XSpec now available
https://www.cryptopia.co.nz/Exchange/?market=XSPEC_XMR

[smooth]

How much is the initial setup cost for operating 1 XMR node? Ongoing annual costs?

Is it possible to set this up on AWS?

You could probably do it not only on AWS but on a very cheap (free tier) AWS instance or any number of cheap VPS providers. Syncing may be a problem especially on the latter due to high CPU load but if you sync once elsewhere and transfer the database it should be fine,

Or just run one at home, either on your regular computer or an old laptop. Unlike masternodes, XMR nodes do not require a static IP nor particularly high bandwidth at this point (in the future if and when things scale up that's a different story but for now it is easy).

[iCEBREAKER]

How much is the initial setup cost for operating 1 XMR node? Ongoing annual costs?

Is it possible to set this up on AWS?

You could probably do it not only on AWS but on a very cheap (free tier) AWS instance or any number of cheap VPS providers. Syncing may be a problem especially on the latter due to high CPU load but if you sync once elsewhere and transfer the database it should be fine,

Or just run one at home, either on your regular computer or an old laptop. Unlike masternodes, XMR nodes do not require a static IP nor particularly high bandwidth at this point (in the future if and when things scale up that's a different story but for now it is easy).

If you are very price sensitive, an old PC or laptop is the way to go.  That costs nothing except your time.

You may use Netlimiter or similar to shape traffic and keep your bandwidth available for normal use.

http://alternativeto.net/software/netlimiter/

If you can afford $60/year, I had great luck on Vultr (they even let you mine!).  They have colos all over the world.

With this fund matching deal, the cost drops to $30/year.  https://www.vultr.com/match/

If you want to spend a little more and support the network (for The Greater Good), find a region with tons of potential users but few if any XMR nodes.

Right now, my top pick for bang/buck in terms of new users served is India, which has good internal bandwidth but limited external connectivity.

If you have any specialized regional/language skills, use them to figure out a good spot for our next full node.

If you have extra money, setting up a DDOS-protected high-availability node on koddos.net or behind a Cloudflare-type CDN (Mediatemple's and Rackspace's are top notch) makes a great contribution to the network's resiliency.