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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4578357 times)
dEBRUYNE
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June 05, 2019, 02:59:43 PM
 #40801

When top mixer services shut down recent weeks, I guess that people whom want anonymous transactions might come back to more regularly use Monero as their main means of transactions. Because there is no doubt that Monero is the best (or one of the best) altcoins that can provide anonymous transactions. To reach anonymous transactions, it also requires some technical steps that should be do right and carefully from users, but at least we know that there are available featurers for anonymous transactions with Monero. It will increase total demands on Monero in short term; for long term we might have to wait for crypto bull run.

You're missing one important point. Even such platforms like LocalBitcoin started delisting Monero.
If people will really start using XMR, then authorities will force bans and delistings from pretty all reliable exchanges.
The only thing that saves anon coins from disaster is that luckily they are not popular enough. Adoption will kill them.  

See:

Quote
People often like to purport that Monero will inevitably get banned. However, the new FinCEN guidance is basically inconsistent with that notion. From the CoinCenter article:

Quote
Section 4.5.3 states that exchanges are not per se banned from using privacy-preserving cryptocurrencies but will need to comply with the same BSA regulations they comply with for typical cryptocurrencies. We believe that this is possible. Exchanges need to know their customers but they do not have a black letter law requirement to know the customers of their customers. In other words, a bank needs to know who you are but they are not obligated to know the name and address of people that you pay using cash you withdraw from your account.

https://coincenter.org/entry/fincen-s-new-cryptocurrency-guidance-matches-coin-center-recommendations

Arguably, this is long-term bullish for Monero.

Besides, they, as far as I know, removed other cryptocurrencies too.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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anubizz
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June 06, 2019, 08:28:41 AM
Merited by iCEBREAKER (2)
 #40802

I still have some problems with my node. Monerod status check shows 100% sync and there are some in/out connections (about 8/6), so all ok.
But when i connect my gui and send a transaction it takes 20-30 min to fully broadcast it and get the block hight. So orders with a time limit time out before its finished to send the transaction.

At the moment the transaction was done the node had to sync another 471 blocks. And this takes to much time.
Would it be more constant if i set a „block sync size“ of 5 or 10 blocks?

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June 06, 2019, 08:34:23 AM
 #40803

I still have some problems with my node. Monerod status check shows 100% sync and there are some in/out connections (about 8/6), so all ok.
But when i connect my gui and send a transaction it takes 20-30 min to fully broadcast it and get the block hight. So orders with a time limit time out before its finished to send the transaction.

At the moment the transaction was done the node had to sync another 471 blocks. And this takes to much time.
Would it be more constant if i set a „block sync size“ of 5 or 10 blocks?

Which operating system are you using?

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 06, 2019, 10:38:52 AM
Last edit: June 06, 2019, 10:53:15 AM by anubizz
Merited by iCEBREAKER (2)
 #40804

Debian Linux on both devices. So on my laptop that is connected to the node over Lan. The node is running on a cubietruck (cubieboard3) with 2gb RAM and 2gb Swap (Swap not really in use because of the speed loss when transfering the files to SSD).

Internet connection async. with 100 mbit down- and 10 mbit upload. So fast enough i think.

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June 06, 2019, 02:23:00 PM
 #40805

Debian Linux on both devices. So on my laptop that is connected to the node over Lan. The node is running on a cubietruck (cubieboard3) with 2gb RAM and 2gb Swap (Swap not really in use because of the speed loss when transfering the files to SSD).

Internet connection async. with 100 mbit down- and 10 mbit upload. So fast enough i think.

Is it fair to say then that the system where the node runs on is not particularly resourceful? Because if so, that is partly the cause of your relatively poor performance. In addition, note that the current daemon has inefficient sync code and JIT is not enabled. Both have a serious impact on performance, which may also be partly the cause of your issue. I'd advise to give v0.14.1, once it is released, another shot, as it will have drastically better performance.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 06, 2019, 03:33:15 PM
Merited by iCEBREAKER (2)
 #40806

Debian Linux on both devices. So on my laptop that is connected to the node over Lan. The node is running on a cubietruck (cubieboard3) with 2gb RAM and 2gb Swap (Swap not really in use because of the speed loss when transfering the files to SSD).

Internet connection async. with 100 mbit down- and 10 mbit upload. So fast enough i think.

Is it fair to say then that the system where the node runs on is not particularly resourceful? Because if so, that is partly the cause of your relatively poor performance. In addition, note that the current daemon has inefficient sync code and JIT is not enabled. Both have a serious impact on performance, which may also be partly the cause of your issue. I'd advise to give v0.14.1, once it is released, another shot, as it will have drastically better performance.

The cubietruck should not be underestimated.  The computing power of this tiny computer is very impressive ...
But i will wait for the new release of course

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June 06, 2019, 04:06:17 PM
Merited by iCEBREAKER (1)
 #40807

DARPA funding studies on discussion of cryptocurrency:  
https://www.reddit.com/r/Monero/comments/bxhgpj/darpa_funded_project_looks_at_how_cryptocurrency

They seem to care a lot more about Reddit than good old shitcointalk though.
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June 08, 2019, 10:40:23 AM
 #40808

Please add this coin in CEX.IO, i want to buy this coin from there.  Thank you!
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June 08, 2019, 04:58:02 PM
 #40809

DARPA funding studies on discussion of cryptocurrency:  
https://www.reddit.com/r/Monero/comments/bxhgpj/darpa_funded_project_looks_at_how_cryptocurrency

They seem to care a lot more about Reddit than good old shitcointalk though.

It's more important to keep an eye on the sheeple as they are easily led.

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June 12, 2019, 06:19:01 AM
Merited by iCEBREAKER (2)
 #40810

Hi guys!! What do you think about Xeon Phi and new algo for Monero in October? I Think it'll be most profitable hardware because it's like a big processor. Smiley
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June 12, 2019, 06:50:05 AM
Merited by Hueristic (1)
 #40811

Hi guys!! What do you think about Xeon Phi and new algo for Monero in October? I Think it'll be most profitable hardware because it's like a big processor. Smiley

You may be interested in:

https://www.reddit.com/r/MoneroMining/comments/bzeaqn/cpu_benchmarks_for_randomx/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 15, 2019, 07:58:40 AM
Merited by iCEBREAKER (2), Hueristic (1)
 #40812



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Monero (XMR)
ДOБPO ПOЖAЛOBATЬ B PУCCКOЯЗЫЧHOE COOБЩECTBO
.фopyм..telegram..youtube.
..........
⭐️ Кyпить кpиптy в любoм гopoдe Eвpoпы бeз KYC/AML

⭐️ Buy cryptocurrency in any city in Europe without KYC/AML
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June 15, 2019, 11:12:13 AM
Merited by iCEBREAKER (1)
 #40813

CLI v0.14.1.0 'Boron Butterfly' released!

https://www.reddit.com/r/Monero/comments/c0w3cp/cli_v01410_boron_butterfly_released/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 15, 2019, 12:47:02 PM
Merited by iCEBREAKER (2)
 #40814

Please add this coin in CEX.IO, i want to buy this coin from there.  Thank you!

There are TONS of places you can buy monero dude. No reason to list it on CEX.IO whatsoever.
versprichnix
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June 15, 2019, 02:45:17 PM
Last edit: June 15, 2019, 07:07:57 PM by versprichnix
Merited by iCEBREAKER (2)
 #40815


Runs fine until now, sync is fast. I'm on ubuntu 18.04 LTS.
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June 15, 2019, 02:59:24 PM
Merited by iCEBREAKER (2)
 #40816

Me pounce like starveling on juicy leg of mutton.  Muttonero!
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June 15, 2019, 03:50:29 PM
Merited by iCEBREAKER (2)
 #40817

Hy guys,

running monero 14.1 linux 64 bit and starting the lmdb with --prune-blockchain from scratch, do i have to use the --prune-blockchain everytime i synchronize or does monerod recognize the pruned database, so i can start with monerod?

Thanks  Grin

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June 15, 2019, 06:47:53 PM
 #40818

Hy guys,

running monero 14.1 linux 64 bit and starting the lmdb with --prune-blockchain from scratch, do i have to use the --prune-blockchain everytime i synchronize or does monerod recognize the pruned database, so i can start with monerod?

Thanks  Grin

--prune-blockchain has to be used (as startup flag) upon every startup of monerod.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 15, 2019, 09:52:18 PM
 #40819

Hy guys,

running monero 14.1 linux 64 bit and starting the lmdb with --prune-blockchain from scratch, do i have to use the --prune-blockchain everytime i synchronize or does monerod recognize the pruned database, so i can start with monerod?

Thanks  Grin

--prune-blockchain has to be used (as startup flag) upon every startup of monerod.

If I prune the chain and then accidentally start the daemon without the prune flag will it overwrite the pruned chain without a prompt?

IOW if I accidentally start the daemon (like when I upgrade in 6 months) will the pruned chain get deleted and start downloading from scratch?

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June 15, 2019, 10:58:51 PM
Merited by iCEBREAKER (2)
 #40820

what's the purpose to leave bitcointalk? is everything ok with monero?
bitcointalk i a great way to hear your communty. imo
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