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

[visdude]

what's OCN?

Overclock.net.  Huge, old PC performance enthusiast community.

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz!  

That's how I got into crypto (BTC) way back then before the Butterfly Labs preorders -- several ready-to-mine gaming rigs that were collecting dust. I think a lot of us went through this route. I only wish I had saved all those BTCs that were consequently spent on miners and other hardware. But it was so much fun spending them back then (validating its use case) when it was a lot easier to acquire.

[vitocorp]

Payza Adds New Cryptocurrencies to Exchange, Including Ethereum, Ripple, Litecoin, Dash & Monero

https://www.crowdfundinsider.com/2017/06/102476-payza-adds-new-cryptocurrencies-exchange-including-ethereum-ripple-litecoin-dash-monero/

[xs.over]

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz!  

Huge increase in net hashrate, difficulty was from BOTNET. it's clearly seen on the graph of monero net hqashrate (A sharp increase in network hashrate by more than 10Mh within few hours). Same thing was in May, when was found another trojan. Or do you really think that 200K+ machines was connected to the monero network within a few hours and this is not botnet? LOL.
The sad side of all of this - the fallen profit by 18-20% due to the increased net difficulty on same amount.

[cAPSLOCK]

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz!  

Huge increase in net hashrate, difficulty was from BOTNET. it's clearly seen on the graph of monero net hqashrate (A sharp increase in network hashrate by more than 10Mh within few hours). Same thing was in May, when was found another trojan. Or do you really think that 200K+ machines was connected to the monero network within a few hours and this is not botnet? LOL.
The sad side of all of this - the fallen profit by 18-20% due to the increased net difficulty on same amount.

It's not sad for hashrate to go up.

[iCEBREAKER]

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz!  

Huge increase in net hashrate, difficulty was from BOTNET. it's clearly seen on the graph of monero net hqashrate (A sharp increase in network hashrate by more than 10Mh within few hours). Same thing was in May, when was found another trojan. Or do you really think that 200K+ machines was connected to the monero network within a few hours and this is not botnet? LOL.
The sad side of all of this - the fallen profit by 18-20% due to the increased net difficulty on same amount.

It's not sad for hashrate to go up.

It is sad that some people don't understand the only things more fungible than Monero's coins are Monero's PoW hashes.   

But hey, M04R CH33P C01NSZ 4 US iamirite?!?   

[QuadraQ]

Is there some way I can get an invite to the Slack channel?

[Dodnastes]

What is your suggestion ?

Change the POW algorithm.

[dEBRUYNE]

Is there some way I can get an invite to the Slack channel?

See:

https://monero.stackexchange.com/questions/2451/how-to-join-the-monero-slack

[crypto research]

Is monero still cheap to invest ?

[c789]

Is monero still cheap to invest ?

IMO, yes. Kovri I2P, multisig, mobile wallets, and hardware wallets are all in the works and coming "soon." Any one of those will increase usability, which should also cause a rise in price. Here are some links to help you learn more so you can do more research and not just go on my opinion:

https://www.reddit.com/r/Monero/

https://monero.how

https://getmonero.org

https://monero.stackexchange.com/

https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php

[Febo]

Why are you getting defensive instead of explaining this concept? Did I specifically say that "botnets are mining it"? Somebody else brought it up; don't shoot the messenger. I'm merely trying to understand how botnets help to decentralize the network since this subject is often brought up on here? If you can't explain it, why respond to my query in the first place?

I do not mine much and know little about it. I also never heard much that  botnets specially are helping decentralizing the network.

Botnets are just like an other miner securing the network. and I guess are decentralizing it the same way as any other miner. If they mine at smaller pools more then if they are mining at bigger pools.


But my question still stands. Why do you think that this last jump in hashing power is from botnets and not from people that google for Monero this week more then ever in past?

I think you have failed to comprehend the gist of my posts. You seem to keep putting words into my mouth. For the Nth time, I wasn't the one who brought it up and it's definitely not the first time it's been brought up in these forums. It's not my fault if you missed the rest of them. Since you've been defensive about this topic, perhaps you control these botnets yourself and are resorting to misdirection/distraction of my sincere inquiry to understand the concept (botnets help decentralize the network). If you don't have an objective explanation, then you don't. It's OK. Your assertion that the current spike is not caused by botnets is non sequitur. My question was very specific.

Ofcourse I dont have any objective explanations since I think that botnets decentralize network same way as any other miner.  
All botnets are under my control. And I mean it all , also your refrigerator. Your eggs will spoil soon, so better go make some pancakes.

[visdude]

Why are you getting defensive instead of explaining this concept? Did I specifically say that "botnets are mining it"? Somebody else brought it up; don't shoot the messenger. I'm merely trying to understand how botnets help to decentralize the network since this subject is often brought up on here? If you can't explain it, why respond to my query in the first place?

I do not mine much and know little about it. I also never heard much that  botnets specially are helping decentralizing the network.

Botnets are just like an other miner securing the network. and I guess are decentralizing it the same way as any other miner. If they mine at smaller pools more then if they are mining at bigger pools.


But my question still stands. Why do you think that this last jump in hashing power is from botnets and not from people that google for Monero this week more then ever in past?

I think you have failed to comprehend the gist of my posts. You seem to keep putting words into my mouth. For the Nth time, I wasn't the one who brought it up and it's definitely not the first time it's been brought up in these forums. It's not my fault if you missed the rest of them. Since you've been defensive about this topic, perhaps you control these botnets yourself and are resorting to misdirection/distraction of my sincere inquiry to understand the concept (botnets help decentralize the network). If you don't have an objective explanation, then you don't. It's OK. Your assertion that the current spike is not caused by botnets is non sequitur. My question was very specific.

Ofcourse I dont have any objective explanations since I think that botnets decentralize network same way as any other miner.  
All botnets are under my control. And I mean it all , also your refrigerator. Your eggs will spoil soon, so better go make some pancakes.

Then STFU already and stop beating a dead horse!

[Metros]

Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

[dEBRUYNE]

Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Simple answer, no.

[visdude]

Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Traditional financial institutions (banks, investment houses, etc.) do that but not Monero.

[Nathan047]

Is monero still cheap to invest ?

It depends. If you're asking if the value of Monero will go up then I'd say yes, I believe there's some pump worthy things coming soon.

[Febo]

Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Ofcorse it is. Noone can take it from you. It is yours. A fungible cryto currency you can send anywhere on the world.  What else do you want beside financial freedom?

[MineMoneroPro]

Hi there miners community!

We're glad to introduce you new international multinode pool powered by GeoDNS.
Currently we're presented at:

• Frankfurt / Hesse / Germany
  Moscow / Russian Federation
  Newark / New Jersey / USA
  Atlanta / Georgia / USA

Our Pool Features

• Automatic server selection based on geo position. Just point your miners to pool.minemonero.pro
  Dynamic port difficulty
  PaymentID payments for Exchanges
  PPLNS mining systems
  Set your own payment thresholds for normal wallets + exchanges!
  Per-Worker hashrate charts
  Payments every 12 hours
  E-mail notifications

Please feel free to reach us at support@minemonero.pro if you have any questions or even if you need teamviewer support to start mining.

Stay tuned, give us a try and join at https://minemonero.pro!

[aminorex]

Is there any benefit for the average user that simply hold Monero in the wallet?

Any rewards for long-term holders? some sort of stake rewards such as other PoS/PoI coins got Harvest/Rewards/Commissions/Dividends/Fee's just for keeping the coins/tokens inside the wallet.. offline or online wallet

Ofcorse it is. Noone can take it from you. It is yours. A fungible cryto currency you can send anywhere on the world.  What else do you want beside financial freedom?

Liberty to create value is not a get-rich-quick scheme.

Security against extortionists does not yeild a rentier's coupon.

In each of these dilemmas, Monero offers the former, but lacks appeal for those seeking the latter.

Personally, I wouldn't have it any other way.  It is only the uncertainty of woolier, more timid minds that creates a mispricing to be exploited by those whose vision is bold and clear.

[BitcoinDev*]

wow  , price up