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

[CryptAtomeTrader44]

You are right, lets keep this about Monero. I'm only interested in the ASIC mining aspect / discussion.

Some see ASIC development as a logical next step in a ongoing hardware evolution within crypto (specifically proof of work crypto).
Kinda like The Borg : highly adaptable and futile to resist...

With regards to centralization : i think that will happen at some point anyways, even with networks with only GPU's.
It will just be in the form of centralized GPU hubs, created by wealthy miners.

There are fundamentally different kinds of centralization. ASICs are extremely special hardware, and their manufacturers NEVER sell them while the mining process by their own ASICs is profitable. So, actual degree of centralization equals to number of ASIC manufacturers in this case. Furthermore, because ASIC manufacturing is a very narrow niche, typically just One ASIC manufacturer of ASICs, designed for specific mining algorithm, remains on the market after short competition wars. Thus degree of centralization become One. Might you know, Bitcoin is heavily centralized, because number of Bitcoin ASICs manufacturers (that ASICs are still effective for mining against current price) ~ 1.

We, the Monero community, the Ethereum community, and many other coins' communities, DENY such a degree of centralization. We want every single man can enter the mining market with relatively cheap COMMON equipment to be bought in almost ANY local store right now. Today, common equipment is CPU and GPU. That's all.

Of course, low degree of centralization will take place with common equipment too. But the nature of this centralization is conceptually different. That degree depends on (and only on) the Free Desire of Every Single Man to buy COMMON equipment in ANY local store and point it to mine Monero. Historically, before ASICs came to the scene, Monero mining was one of the most DEcentralized among all cryptocurrencies. There are many surveys one can google for.

So, "the form of centralized GPU hubs, created by wealthy miners", as you wrote, has much less fundamental kind of centralization than ASIC-based approach.

So what about the actual unknown hashrate that dominate all the pools together

I think some engeneers find a solution between FPGA, ASICs and GPU that seems an exotic combination of hardware and software to mine with high hashrate...

I'm just looking for an other coin to mine now since this massive unknown hashrate arrive...to broke centralization, as you wrote...

[arielbit]

This post should be about Monero, not Dash, and @qwizzie you're right, it was not premined, it was instamined BIG. There was some discussion what to do with these instamined coins, but Dash dev (Darkcoin at the time) did nothing to solve the issue.

In Monero we're trying not to get centralized mining farms, in order that everyone could mine it, not only the ones with cash to buy some ASIC

You are right, lets keep this about Monero. I'm only interested in the ASIC mining aspect / discussion.

Some see ASIC development as a logical next step in a ongoing hardware evolution within crypto (specifically proof of work crypto).
Kinda like The Borg : highly adaptable and futile to resist...

With regards to centralization : i think that will happen at some point anyways, even with networks with only GPU's.
It will just be in the form of centralized GPU hubs, created by wealthy miners.

I'm gonna give it to DASH.....for dealing with ASICs.

DASH: ASIC all you want, anyway we are running the Instamined Masternodes minting coins with a few watts of electricity besides we Masternode Instaminers act like a corporate board, we can vote to decrease mining rewards..Fuck you ASICs

hehe c'mon qwizzie we know you and your friends hate mining in general, GPUs, ASICs, FPGAs...all of them   you, your friends and your glorious founder decided you are all done mining the time you decided to start that instamine scheme.

[Hueristic]

This post should be about Monero, not Dash, and @qwizzie you're right, it was not premined, it was instamined BIG. There was some discussion what to do with these instamined coins, but Dash dev (Darkcoin at the time) did nothing to solve the issue.

In Monero we're trying not to get centralized mining farms, in order that everyone could mine it, not only the ones with cash to buy some ASIC

You are right, lets keep this about Monero. I'm only interested in the ASIC mining aspect / discussion.

Some see ASIC development as a logical next step in a ongoing hardware evolution within crypto (specifically proof of work crypto).
Kinda like The Borg : highly adaptable and futile to resist...

With regards to centralization : i think that will happen at some point anyways, even with networks with only GPU's.
It will just be in the form of centralized GPU hubs, created by wealthy miners.

I'm gonna give it to DASH.....for dealing with ASICs.

DASH: ASIC all you want, anyway we are running the Instamined Masternodes minting coins with a few watts of electricity besides we Masternode Instaminers act like a corporate board, we can vote to decrease mining rewards..Fuck you ASICs

hehe c'mon qwizzie we know you and your friends hate mining in general, GPUs, ASICs, FPGAs...all of them   you, your friends and your glorious founder decided you are all done mining the time you decided to start that instamine scheme.

Might as well just call it POS.

[Hueristic]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256

To whom it may concern,

The Monero development community has scheduled its biannual upgrade for block 1788000 on approximately March 9. This includes several consensus changes, so the upgrade is mandatory.

This upgrade is moved forward approximately one month to patch some important security components. This upgrade includes the following changes:

1. A new Proof of Work algorithm, CryptonightR

2. A new dynamic block size algorithm

3. Slightly smaller transactions

4. Payment ID changes for improved privacy

5. Notification changes (see: https://paste.debian.net/hidden/0d0d3694)

As far as the Monero development community can tell, this is a non-contentious fork, and no chain splits are expected as there is a reasonable expectation of users upgrading their software. That said, and especially if you are running a critical service, everyone should be aware of the possible risks of claiming funds (airdrops) on different chains. More information: https://youtu.be/6CVcirD90pg

To prepare for the network upgrade (hardfork), the Monero development community will release several clients before. Users must upgrade their software to continue using Monero after the upgrade. A visual depiction of the release engineering can be found here: https://i.imgur.com/gGz9dwK.jpg

The stable Monero release 0.14 will be available very soon, within the next week. This will contain the consensus changes necessary to continue using Monero, but is based off the current stable release. An alpha release 0.14.1 RC1 will be released soon after, once the fork has occurred and everything has settled down. This release will be based off the current master branch, where active development happens. The Monero development community recommends users of critical services use 0.14, and users who want to help test should use 0.14.1 RC1. This 0.14.1 release will follow the expected release engineering path, with a 0.14.1 stable being released once sufficient testing has occurred. Once this happens it is safe (and recommended) for all services to upgrade to take advantage of the current features, privacy protections, bug fixes, and enhanced security of that version.
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[Globb0]

Will be exciting to see how agile these new devices really are

(boring tech guy here)

[Hueristic]

Will be exciting to see how agile these new devices really are

(boring tech guy here)

You mean the hybrid fpga's or these these talked about asics that i've never seen proven?

[Davidbike1]

Any reason why monero fell 9% today? Well i just bought more today.

[Globb0]

Either or both

More dumping, though not really that much of a dent on the price. haha don't let the door hit you on the way out dude

[Hueristic]

Good, I can get a buy in. Been waiting weeks.

[no-ice-please]

Good, I can get a buy in. Been waiting weeks.

I would consider a lot of price points compared to its all time high as potential buy in spots. Curious whether it will go down any further.

[BitcoinFX]

CSW 'targets' privacy coins Monero and Zcash ...   

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

[Whtwabbit]

CSW 'targets' privacy coins Monero and Zcash ...   

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

Breaking news!!! Ant attacks elephant

[Last of the V8s]

https://twitter.com/CryptoScamHub/status/1098116974511443968

[Globb0]

woo

[Last of the V8s]

We're gonna need a bigger crowd.

[BitcoinFX]

CSW 'targets' privacy coins Monero and Zcash ...   

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

Breaking news!!! Ant attacks elephant

No need to shoot the messenger.

XMR and privacy is OK with me!   

[Globb0]

Every time I followed these CSW will cr4ck all privacy coins!!


I find something where he's talking about z cash or other shit projects its normally just a small "and monero" with no detail.

[Last of the V8s]

XMR and privacy is OK with me!   

that's one fuck of an endorsement from one of the oldest men
in the world

[hd49728]

No need to shoot the messenger.

XMR and privacy is OK with me!  

If one of the first forum users, even older than theymos claimed it.
I thought that everything will be fine with Monero.
BitcoinFX is one of the oldest users of the forum, and has amazingly strong belief in Monero.
If I am a kid, BitcoinFX is an elderly. 

[Whtwabbit]

CSW 'targets' privacy coins Monero and Zcash ...   

Dr. Craig Wright gives Shut-up call to CNBC shill Ran Neuner
- https://youtu.be/00WvdE1zOvw?t=282

Breaking news!!! Ant attacks elephant

No need to shoot the messenger.

XMR and privacy is OK with me!   

I wasn't shooting, more suggesting ignore trolls