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

[e-coinomist]

Shouldn't it be, at least theoretically, possible to make a hashing algorithm for which a standard PC is its ASIC? Maybe we will get there one day. Or maybe new algorithms will be developed that get closer and closer every year.

Yes and was about to post how until I realized I am keeping that info to myself. Lol

Boolberries Scratchpad, including the SSD into the mining. Base principle to add SSD, GPU, CPU into the hashing process. If some entitiy manages to create some ASIC brick including all these components, they basically have rebuilt the PC.

Nope, actually no clue. Got woken up by these recent events, now looking for information details. Everything looked nice and fluffy a month ago, and these forks hadn't been announced anywhere. Or did they do beforehand, somebody got a link maybe?
Ethereum "classic" coming as the best reference for POW chain forks that did not expire in a short timespan. Take a comparison look at Bitcoin Gold.

Are they running GPUs, that's a bigger concern - none of the video footage I've ever seen merely hinted upon motherboard wirings and GPU setups. Pictures of single rigs, hobbyist style, do exist. Sometimes even shelfes, garage sized. But not inside that country, not that scale.
They could have afforded to invest into the very same type of technology as their average competition does, as a "just in case" investment. But some depictured would have leaked. Can a secret of that scale stay unveiled?

Ideally, traditional GPU miners should look out for their own supply chain of asic manufactoring. An open source design chip, similar for SHA hashing has been tried. To level the field. There's the crux, this seems to be impossible.

Is "3 years" development and production time somehow observable in this case? Hashrate history diagrams show the timespan of mining gear in productivity, but not their total time of existance.
More serious, drop in hashrate depicts their fair share of coin supply so far, timespan * hashrate-share * emission, and these numbers are just horrible. Nothings as in even distribution does exist if a single entity rapes a XX% (upper double digits) share. How would the resulting rage dump figure out, if somebody spoiled their game?


Conclusion: This is the right time to start mining Monero. And the day to dump all cold store was some days ago. Buying back in is ? weeks ahead from today. Bear with it!


Disclosure: I have a personal Agenda, like in making money, doing crypto, something I can call out on my own. You seem pretty pissed by these recent events? That's just average, most probably nobody was amused.

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[e-coinomist]

ASICS kill botnets, as has been seen on Bitcoin.

Botnets have to get differentiated into two branches, the classical ones and javascript powered miners that run inside a browser window.
Since ASICS got killed for at least the next several monthes, isn't it the right time to advertise browser mining somewhat more?
It's advertising bussiness (site visitors reek revenue for the site), just people don't get their screen cluttered with advertisements for stuff they never intend to even buy.

Two drawbacks. Advertisements can (possible) reek in an unlimited revenue, whereas browser mining is severely (hard) capped. Classical botnets are competitors who just might reap the bigger slice of the pie.

[Hueristic]

Boolberries Scratchpad, including the SSD into the mining. Base principle to add SSD, GPU, CPU into the hashing process. If some entitiy manages to create some ASIC brick including all these components, they basically have rebuilt the PC.

And hence no advantage with net loss.

Disclosure: I have a personal Agenda, like in making money, doing crypto, something I can call out on my own. You seem pretty pissed by these recent events? That's just average, most probably nobody was amused.

Correct, this was foreseen many years ago and should have been ready to go. It's not that I care about the price that much as I hold very little it's that because of this the security of the chain has been weakened.

It should have been announced and immediately added at various points just to stop anyone from believing they could profit from it and as it so happens they did profit so it was worth it so they will do it again. Just like bankers will continue to defraud people because they are rewarded for it.

Disclaimer: If I make money here good but it is not my reason for being here. My time is worth much more than what I acquire on these forums.

[Xianantung]

what guys I have just seen the global hash rate start to go down again, i think we have hit the new threshold

wont last much long
when miners mining other coins will see more profitability
they will jump to monero

I just found the profitability of mining ETH and XMR is same now. Both are good for AMD cards.

[Jpti]

Is monero changing the algo altogether or it's just a tweak on cryptonight to render asic unusable?

[stna1981]

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

[Hueristic]

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

So what exactly is the tweak(in plain english) and why can't asics (current) not handle it?

[mattcode]

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

why can't asics (current) not handle it?

Because once you've made an ASIC, it's pretty difficult to open it up and start moving things around

There's nothing stopping anybody adding these changes into the next batch of ASICs, other than time and the fact that it'd be useless again in a few months with the next PoW change.

[Scooby903]

has anyone facing issue with monero withdrawal on hitbtc exchanges, its been few hours nothing happening

[Big Naturals]

Monero is a bright future coin

 Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses
 
 A user needs client software, a so-called wallet, to interact with the Monero network. The Monero Project produces the reference implementation of a Monero wallet and there are also third party implementations of Monero clients exist such as Monerujo which also make it possible to use Monero on Android.

The quality of these bot posts is getting a lot higher, is there a 'dating' bot on the market yet? In a few years talking with a bot could easily be more satisfying than talking to a human, just turn off the nagging feature and I'm in love.

[Millionero]

Something's wrong with this picture.

Code:

**********************************************************************
You are now synchronized with the network. You may now start monero-wallet-cli.

Use the "help" command to see the list of available commands.
**********************************************************************
status
Height: 1549383/1549383 (100.0%) on mainnet, not mining, net hash 494.61 MH/s, v7, up to date, 5(out)+0(in) connections, uptime 0d 0h 0m 23s
2018-04-12 08:57:11.422	[P2P2]	INFO 	global	src/cryptonote_protocol/cryptonote_protocol_handler.inl:310	[138.128.5.66:18080 OUT] 
Sync data returned a new top block candidate: 1549383 -> 1549476 [Your node is 93 blocks (0 days) behind] 
SYNCHRONIZATION started
2018-04-12 08:57:59.219	[P2P4]	INFO 	global	src/cryptonote_protocol/cryptonote_protocol_handler.inl:1167	[138.128.5.66:18080 OUT]  
Synced 1549403/[b]1549476[/b]

And this

Code:

status
Height: 1549483/1550023 (99.9%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+9(in) connections, uptime 0d 0h 22m 23s
status
Height: 1549483/1549483 (100.0%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+7(in) connections, uptime 0d 0h 23m 34s

[Dart315]

Can someone please explain this article to me? It says there are 4 different Moneros now. Which one does the original dev team support?

https://news.bitcoin.com/privacy-coin-xmr-splits-into-four-different-monero-protocols/

There Can Be Only One.  XMR is still XMR.  Anything else is a fraud or a joke at this point.

Original members of the team are still working on Monero?

I'm not aware of any Monero team members who have left to work on any of these forks.

Since 2014 some team members have left for various reasons and some have joined but I think that was not what you were asking.

Thanks! I'm glad that Monero is fine now. Forks look very scammy.

[dEBRUYNE]

Something's wrong with this picture.

Code:

**********************************************************************
You are now synchronized with the network. You may now start monero-wallet-cli.

Use the "help" command to see the list of available commands.
**********************************************************************
status
Height: 1549383/1549383 (100.0%) on mainnet, not mining, net hash 494.61 MH/s, v7, up to date, 5(out)+0(in) connections, uptime 0d 0h 0m 23s
2018-04-12 08:57:11.422	[P2P2]	INFO 	global	src/cryptonote_protocol/cryptonote_protocol_handler.inl:310	[138.128.5.66:18080 OUT] 
Sync data returned a new top block candidate: 1549383 -> 1549476 [Your node is 93 blocks (0 days) behind] 
SYNCHRONIZATION started
2018-04-12 08:57:59.219	[P2P4]	INFO 	global	src/cryptonote_protocol/cryptonote_protocol_handler.inl:1167	[138.128.5.66:18080 OUT]  
Synced 1549403/[b]1549476[/b]

And this

Code:

status
Height: 1549483/1550023 (99.9%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+9(in) connections, uptime 0d 0h 22m 23s
status
Height: 1549483/1549483 (100.0%) on mainnet, not mining, net hash 502.04 MH/s, v7, up to date, 8(out)+7(in) connections, uptime 0d 0h 23m 34s

Your daemon is probably connected to a bad peer (i.e. a peer that is on the wrong (alternative) v6 chain). It should eventually ban this peer. Also, a restart typically fixes these kind of issues.

[dEBRUYNE]

has anyone facing issue with monero withdrawal on hitbtc exchanges, its been few hours nothing happening

Could you post the transaction ID / hash?

[Hueristic]

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

why can't asics (current) not handle it?

Because once you've made an ASIC, it's pretty difficult to open it up and start moving things around

There's nothing stopping anybody adding these changes into the next batch of ASICs, other than time and the fact that it'd be useless again in a few months with the next PoW change.

I understand that a chip cannot be changed after fabbed but I also understand that certain things can be emulated in software. Therefore I would like to know the exact change that a designer would have to add or go around to hash this new algo. Do you see my question now? I tend to think out of the box.

[theleaf]

has anyone facing issue with monero withdrawal on hitbtc exchanges, its been few hours nothing happening

Hitbtc exchange sucks, high fees and slow transactions time, low trading volume

[Millionero]

Small tweak, hashrates kept the same. SUMO made a bigger change, here the hashrates of many cards dropped, my GTX 1060 3GB by about 10%

why can't asics (current) not handle it?

Because once you've made an ASIC, it's pretty difficult to open it up and start moving things around

There's nothing stopping anybody adding these changes into the next batch of ASICs, other than time and the fact that it'd be useless again in a few months with the next PoW change.

I understand that a chip cannot be changed after fabbed but I also understand that certain things can be emulated in software. Therefore I would like to know the exact change that a designer would have to add or go around to hash this new algo. Do you see my question now? I tend to think out of the box.

The "certain thing that you would have to emulate in software" is something the asic can't do.  So you're back to square one.  I don't see it.

[kulanumbua9x]

It is a really big project. I like and want to participate in this project.

[gefander]

sorry, I'm totally confused... there was a split in team monero? I stumbled upon this topic and was extremely disappointed - Monero Original will Support the Original Monero Blockchain https://bitcointalk.org/index.php?topic=3211720.0

[smooth]

sorry, I'm totally confused... there was a split in team monero?

No

The other "projects" (if they are actually real projects) are opportunists who came along and decided to adopt the old fork, mostly because ASIC manufactures want their own coin to mine. There are no existing team members involved with that at all.