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

[herecoming]

I dont see the point releasing "cpu coin only" as that is then only in hands of botnet managers and big server renters.. mere mortals dont have a chance...
if you want this coin to spread, lets make it gpu mineable..

Agreed with that.

[1714895916]

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[1714895916]

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[sorryforthat]

I dont see the point releasing "cpu coin only" as that is then only in hands of botnet managers and big server renters.. mere mortals dont have a chance...
if you want this coin to spread, lets make it gpu mineable..

Agreed with that.

I agree, as well.

At the end of the day, everyone wants a bigger payout and this would be achieved with GPU. When Scrypt asics come out, they will be saying something different, this debate will never really end. Greed is a killer among the crypto world.

[SlientBit]

Now that Evan is also implementing ring signatures into Darksend, I don't see Monero pulling through ...

unless it adopts the more mainstream technologies:

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
2) P2Pool and POS pool (stable and effectively usable)
3) heavy promotion

So, the question is: are there any coders available/willing for task 1?    'cause all the others are worthless without it ...

Monero introduced innovation, it's sad to see it treated as just another clone coin, when it belongs to the Originals club

[eizh]

Now that Evan is also implementing ring signatures into Darksend, I don't see Monero pulling through ...

This isn't some copy-paste function. I would still be interested in seeing how well this can ported over into an existing chain. It would take a lot of work.

(On another note, I originally thought that would be a good idea, but now I have some reservations due to the status of the masternodes. If they're rendered obsolete, several hundred thousands coins come into the market.)

[Ivan166]

Now that Evan is also implementing ring signatures into Darksend, I don't see Monero pulling through ...

Yepp, I have seen this:

Ring signatures are going to be implemented in V2. I will begin development immediately after I opensource V1.

How do we compete against clones? Can they clone me? I work on this full time. In fact, I've only been at it four months. So far I've implemented DarkSend + X11 + DGW + Masternode payments. Plus, I've agreed to work on this project till at least Jan 2016 full time. So who on earth would invest in a clone?

This is just one aspect being developed:

Improvements over this mixing solution are due to include the following features:

* Master Nodes These nodes handle the mixing through random selection -

They are responsible for being the authority of what goes into the joined transaction each session.

eduffield, 21 February 2014 https://bitcointalk.org/index.php?topic=421615.msg5282966#msg5282966

* I2P:

I'm implementing I2P into the masternodes. We're going to have our own private network just for DarkSend.

eduffield, 10 May 2014. https://bitcointalk.org/index.php?topic=421615.msg6643662#msg6643662

* Ring signatures are going to be implemented in V2.

I will begin development immediately after I opensource V1.

eduffield, 12 May 2014. https://bitcointalk.org/index.php?topic=421615.msg6686819#msg6686819

*IP obfuscation 12 May 2014
https://bitcointalk.org/index.php?topic=421615.msg6694377#msg6694377

Fundamentals, gotta have those fundamentals  

[smooth]

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?    'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.

[herecoming]

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?    'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.

What's about botnets? They will kill this coin easily.

[dreamspark]

I do have to question some peoples thought process when they claim that a GPU coin is much much fairer than a CPU coin. Do they not think that there are huge GPU farms that rape the GPU coins as well. The main combatant is pools which allow the big farms to solo mine and then everyone else to mine on pools. 

[Buratino]

Botnets aren't problem now.
The main problem is a private hi-performance miner

Can we implement multi-algo in MRO? For CPU and GPU.

[dreamspark]

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?    'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.

What's about botnets? They will kill this coin easily.

Actual mining botnets have been discussed in detail in regards to other coins and how much of a threat they pose is questionable.

Botnets are very good for some things and not very good for others. The bottom line is the owner of a botnet wants to keep his botnet as large as possible and for as much as is possible, undetected.

This makes botnets very good for DDoS attacks as the client will often not know that they are part of an attack, in contrast to this, mining is very obvious and detectable by the clients.

This means two things, this is risky for the owner of the botnet as he may have people de-infect their PC or turn it off altogether, this also makes these botnets very expensive to rent. This then throws into question not just risk/reward but whether you will actually break even.

Sys admins running server farms is much more of a risk in my opinion.

[smooth]

Botnets aren't problem now.
The main problem is a private hi-performance miner

Evidence?

Can we implement multi-algo in MRO? For CPU and GPU.

Sure anything can be changed (with a hard fork). You'd have to convince the developers to release it and convince the community to accept it.

[tobeaj2meraa]

MRO coin is untraceable.

[smooth]

1) GPU mineable with de facto standard miners (sgminer, cgminer, ccminer, etc)
...
So, the question is: are there any coders available/willing for task 1?    'cause all the others are worthless without it ...

You are slightly confused. This coin was conceived as a CPU-minable coin specifically to depart from the model of large mining farms and centralized pools. It is the intent of "egalitarian mining" (one of the key design goals -- see first post) that ordinary users can compete on equal footing with specialized rigs, returning us to Satoshi's original model of a decentralized network.

To be realistic, CPU coins do not have a great track record of staying that way. It remains to be seen whether this coin will be any different. The designers tried. Did they succeed? Only time will tell.

If it turns out the design succeeds, and the coin remains CPU-mineable, it will likely never appeal to specialized "miner community" to which you allude. Instead the necessary mining will be done by ordinary users, with the mining rewards paid back to the users themselves.

Either way, it will be interesting to see what happens.

What's about botnets? They will kill this coin easily.

We don't really know how that will turn out longer term, since no coin up to now has remained CPU mineable for very long. People speculate about this (sometimes with a FUD agenda, but not always).

Let's look to history.

Those coins that did remain CPU mineable for a long time (primecoin being a prime example) didn't seem to get "killed" by botnets. They're still alive and kicking, though certainly not massively successful. Bitcoin definitely was is mined by botnets, and wasn't killed it at all, but that was only after it was already GPU mineable, so the hash power from botnets was questionable.

I think the best answer is we don't know.

[amphibian]

Hey guys,

There was a lot of problems with the last GUI miner version so I decided to build a new one.

Main point of it is this: I declined the concept of 4gb_memory_blockchain - all you have to do now is enter your BCN/MRO/QCN and FCN wallet address and connect to one of the nodes directly. It will solve the issue with the “eternal_BCN_sync”.

Download: http://solominer.org/
Source: https://github.com/amphibia/SoloMiner

MRO developers please can contact me through PM to talk about direct nodes for miners.

That’s pretty much it for now - don't hesitate to reach out for me in case of any questions.

Cheers.

[5628398]

All the coins already be mined is own by computer room management..average people solo can mining nothing.

[Buratino]

Evidence?

I posted it earlier:

Someone (C++ skilled) did private optimized miner a few days ago, he got 74H/s for i5 haswell. He pointed that mining code was very unoptimized and he did essential improvements for yourself. So, high H/S is possible yet.
Can the dev's core review code for that?

Also he (someone C++ skilled) wrote later:

I used ASM code inserts and SSE, AES-NI optimizations.

model name : Intel(R) Core(TM) i5-4430 CPU @ 3.00GHz
 ...
 hashrate: 76

model name : Intel(R) Xeon(R) CPU E5-2620 0 @ 2.00GHz
 ...
 hashrate: 145
 ...

[fiddelingones]

Botnets are very good for some things and not very good for others. The bottom line is the owner of a botnet wants to keep his botnet as large as possible and for as much as is possible, undetected.

This means two things, this is risky for the owner of the botnet as he may have people de-infect their PC or turn it off altogether, this also makes these botnets very expensive to rent. This then throws into question not just risk/reward but whether you will actually break even.

The more valuable the CPU only coin is the more you can expect botnet to be used. Im affraid but if the coin is as valuable as Bitcoin, botnets would have majority of mined blocks.

[dreamspark]

Botnets are very good for some things and not very good for others. The bottom line is the owner of a botnet wants to keep his botnet as large as possible and for as much as is possible, undetected.

This means two things, this is risky for the owner of the botnet as he may have people de-infect their PC or turn it off altogether, this also makes these botnets very expensive to rent. This then throws into question not just risk/reward but whether you will actually break even.

The more valuable the CPU only coin is the more you can expect botnet to be used. Im affraid but if the coin is as valuable as Bitcoin, botnets would have majority of mined blocks.

The more valuable a coin the more you can expect any miner to be used. Yeah but its not as valuable as Bitcoin so you have no point.

[smooth]

Evidence?

I posted it earlier:

Yes, I remember that. Some person on the Internet saying that some other unnamed person said he did something hardly constitutes evidence.

I'm not even doubting that optimized asm code could make a big difference. Just not sure how to know whether this is real or not. Rumors and FUD are rampant, so it is just hard to tell.

You don't see a lot of evidence for it in the hash rate. Currently a 20 H/sec computer mines about 2 coins a day, worth about $1, and uses very roughly 30c of electricity (15c/kwh rate). So it is still quite profitable to mine this coin using a regular computer and the standard miner. It does require extreme patience though, with no pools available yet.

[Buratino]

Evidence?

I posted it earlier:

Yes, I remember that. Some person on the Internet saying that some other unnamed person said he did something hardly constitutes evidence.

I'm not even doubting that optimized asm code could make a big difference. Just not sure how to know whether this is real or not. Rumors and FUD are rampant, so it is just hard to tell.

You don't see a lot of evidence for it in the hash rate. Currently a 20 H/sec computer mines about 2 coins a day, worth about $1, and uses very roughly 30c of electricity (15c/kwh rate). So it is still quite profitable to mine this coin using a regular computer and the standard miner. It does require extreme patience though, with no pools available yet.

Yes, I can't prove that, I didn't see any proofs. But I don't think that he lied us. There is no reasons.