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

[explorer]

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward. 

wondering why they made supply infinite.

isnt it better to have max coin supply for supply and demand.

large demand and low supply in the future.

or is there any way a coin gets burned?

https://monero.stackexchange.com/questions/9/how-many-monero-will-be-mined-in-total/14#14

[synthgauge]

These stupid dumbs on r/monero see google trends going up and think it all is coming from search queries by crypto users obsessed with monero. These imbeciles do not even realize it has nothing to do with xmr or localmonero. What u see on google trends charts is an organic interest of mexicans toward josé hernández, known caricaturist, now working for La Jordana. Stupid idiots, they dont even realize what they see on their screens.

[Mindin]

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.

[garytheasshole]

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.

Claymore has a 5% dev fee, it mines for the dev on a different pool, so your miner disconnects from monero.crypto-pool.fr and starts mining for the dev elsewhere 5% of the time.

[iloveBTCtomuch]

Does monero have a max market supply?

Yes it does, but thanks to the non transparent blockchain it could be possible that there people printing it secretly. And it's not a theory it could have already happen before. In other words you need to trust the code and the dev's that never happens, or will be detected if it is happening.

Proof here:
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

[jpouza]

As a miner, thanks for the temporary price pump from 30USD to 140USD, I've put a little cpu farm to work for me, and it's now very profitable.  

[Mindin]

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.

Claymore has a 5% dev fee, it mines for the dev on a different pool, so your miner disconnects from monero.crypto-pool.fr and starts mining for the dev elsewhere 5% of the time.

No, I'm not talking about that. I was mining and hitting a lot of shares, none of them recognized/showing up on the pool for like 5-6 min before any new shares showing at the pool. Also reported hashrate showing at the pool was WAY WAY below what it normally is for a long time.
Just stopped mining after that.

Either the pool is skimming me or someone else is.

[igotek]

Tutorial: How to Create Monero (XMR) Web Wallet

Tutorial: Mining Monero (XMR) with NVIDIA GPUs

[reffi]

damn it... i knew it was mistake to sell 2000 monero for $4.80 last years

[Hueristic]

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward. 

wondering why they made supply infinite.

isnt it better to have max coin supply for supply and demand.

large demand and low supply in the future.

or is there any way a coin gets burned?

Supply is infinite for many reasons, network security not the least of which. the tail emision is so small it should basically just cover lost coins. Monero is designed to actually be used in the real world it is not designed for P&D speculators. You can see that reflected in it's stability v/s the real Metric USD. Whenever the worth rises it settles to a nice parity with USD until the next rise. You can bank on it (actually that term is really outdated now as you can't trust banks!).

So will this spike continue for a while or are we thinking new exchange, rush to buy then crash back down?

Send me 1 XMR and I will tell you.
BTW: this is a question for the speculation thread.
https://bitcointalk.org/index.php

Does monero have a max market supply?

Yes it does, but thanks to the non transparent blockchain it could be possible that there people printing it secretly. And it's not a theory it could have already happen before. In other words you need to trust the code and the dev's that never happens, or will be detected if it is happening.

Proof here:
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

FUD FUD and more FUD, nice try.

What your actually describing is Zcash who are responsible for spreading these lies. nice try now go away.

[Prestoken]

Thank you Monero

[pönde]

Monero Blockchain is now 26,4 Gb.

Block time is two minutes. The block size is at the moment about 0,35Mb. If remains this level for one year, there will be 30*24*365*0,35Mb = 91980Mb = 91,98Gb more after one year.

And the blockchain size will be 26,4Gb + 91,98Gb = 118,38Gb

Well this sure fits in one SSD. But in future there will be problems. There was some solution found to decrease block size to 1/4. There was something few pages back? I guess in this thread? Could someone find it for me? Monero Team should start implement it.

I synced my CLI wallet. I am running Ubuntu on fast SSD. First 1.100.000 blocks came in about 10 hours. Last 280.000 took about 72 hours. Is there any way to speed it up. Internet connection seemed not to be the problem.

Anyway thanks for the Team for great job! Now we enjoy the success.

[garytheasshole]

AES is very heavy, takes serious cpu beating to verify all the blocks, probably why it's taking so long despite the fast connection.

[pönde]

AES is very heavy, takes serious cpu beating to verify all the blocks, probably why it's taking so long despite the fast connection.

Advanced Encryption Standard?
https://en.wikipedia.org/wiki/Advanced_Encryption_Standard

So better CPU and/or more RAM should make sync faster?

[vince212]

is monero now available for trade in bithumb?

sorry i got confused with the listing since articles were written in different time zones

[clixcoin]

Monero's price is keep surging with small corrections this is very good because it will help a lot to sustain the market. Monero was sleeping giant after last run it went in back ground and now forceful entry in market made everyone surprise once again.

[DStefanov]

I use Daemon address: node.xmrbackb.one  18081 but I can not connect.
I get the following error: Daemon Failed to Start - Please check your wallet and daemon log for errors. You can also try to start monerod.exe manually.
Where am I wrong?
Thanks!

p.s. I using monero-gui-0.10.3.1-beta2, Windows 10 x64

[dEBRUYNE]

Hey guys I have some problems with the node that I am trying to set up.

Last week I made my monerod synchronized with the blockchain. Today, I am almost done but now it seems to stop at some point and doesn't want to synchronize anymore.


For example I have the following messages with no more progress:

Sync data returned a new top block candidate: 1384892 -> 1385053 [Your node is 161 blocks (0 days) behind]

Sync data returned a new top block candidate: 1384892 -> 1385054 [Your node is 162 blocks (0 days) behind]

Sync data returned a new top block candidate: 1384892 -> 1385055 [Your node is 163 blocks (0 days) behind]


Why is that?

Please try this:

https://monero.stackexchange.com/questions/4462/my-blockchain-is-stuck-how-do-i-unstuck-it

[dEBRUYNE]

Monero Blockchain is now 26,4 Gb.

Block time is two minutes. The block size is at the moment about 0,35Mb. If remains this level for one year, there will be 30*24*365*0,35Mb = 91980Mb = 91,98Gb more after one year.

And the blockchain size will be 26,4Gb + 91,98Gb = 118,38Gb

Well this sure fits in one SSD. But in future there will be problems. There was some solution found to decrease block size to 1/4. There was something few pages back? I guess in this thread? Could someone find it for me? Monero Team should start implement it.

In the future there will be range proof optimizations, which should cut the size of a transaction by roughly 50%. In addition, pruning will most likely be an option in the future too.

I synced my CLI wallet. I am running Ubuntu on fast SSD. First 1.100.000 blocks came in about 10 hours. Last 280.000 took about 72 hours. Is there any way to speed it up. Internet connection seemed not to be the problem.

Anyway thanks for the Team for great job! Now we enjoy the success.

Please try this to speed up the sync:

https://monero.stackexchange.com/questions/4462/my-blockchain-is-stuck-how-do-i-unstuck-it

In addition, the upcoming release will include some syncing optimizations, which should, ceterus paribus, improve the sync speed.

[dEBRUYNE]

I use Daemon address: node.xmrbackb.one  18081 but I can not connect.
I get the following error: Daemon Failed to Start - Please check your wallet and daemon log for errors. You can also try to start monerod.exe manually.
Where am I wrong?
Thanks!

p.s. I using monero-gui-0.10.3.1-beta2, Windows 10 x64

As far as I can see, that remote node is currently offline. Try to use node.moneroworld.com with port 18089.