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

[polecrab]

I've got a couple of questions.

First, I'm mining on extremepool.org. "My Stats" shows that my hash rate is only 2 H/sec with a single core processor. Yet if I solo mine with the daemon, it shows my hash  rate as 9 H/sec (with the newest update from 17 May). What could be going on with that? Is the pool miner using the older, less-optimized code? At 2 H/sec, it seems I am wasting my time.

Second (and more importantly, I think), where the heck is all this hash power coming from?? It looks to me as though all of the pools combined account for only a very small percentage of the total hashing. It makes me wonder whether someone (or several someones) have figured out how to GPU mine Monero, and are grabbing most of the coins. If so, that is functionally equivalent to a private pre-mine, and I predict it will be bad for the long-term viability of the coin. And that would be a shame.

Any ideas?

Regarding the first question, are you sure you are using the updated simpleminer.exe? Also, is your single core hyperthreaded? If so, you could run two instances of simpleminer.

[psterryl]

I've got a couple of questions.

First, I'm mining on extremepool.org. "My Stats" shows that my hash rate is only 2 H/sec with a single core processor. Yet if I solo mine with the daemon, it shows my hash  rate as 9 H/sec (with the newest update from 17 May). What could be going on with that? Is the pool miner using the older, less-optimized code? At 2 H/sec, it seems I am wasting my time.

Second (and more importantly, I think), where the heck is all this hash power coming from?? It looks to me as though all of the pools combined account for only a very small percentage of the total hashing. It makes me wonder whether someone (or several someones) have figured out how to GPU mine Monero, and are grabbing most of the coins. If so, that is functionally equivalent to a private pre-mine, and I predict it will be bad for the long-term viability of the coin. And that would be a shame.

Any ideas?

Did you wait for a bit as someone else suggested and see if your hashrate normalised on the pool? I actually get a higher hashrate using 8 threads of simpleminer on my 8 core machine than I do from solomining (also on extremepool.com). Also are you definitely using the latest simpleminer binaries? You probably are but it doesn't hurt to check.

I have noticed that the hashrate seems to be a lot, lot higher at the weekends & GMT evenings. I personally believe that the majority of the hashrate comes from sysadmins, using computers at their place of work (offices, schools etc) during the weekend downtime. As others have said, GPU mining may be theoretically possible but due to the algorithm it's unlikely that GPU gains will be as much. It's also possible that people are using cloud computing services (AWS, Microsoft Azure etc...) to throw lots of kh/s into the network. This is likely no longer very profitable (if it's still even profitable at all) given current hashrates and prices.

I only got into this coin just as difficulty was beginning to skyrocket but I believe in the underlying technology, the developers, and the community that is building up around Monero. While it is healthy to have concerns, I don't believe that there are secret GPU miners currently dominating the network, and the growth has been (for the most part) due to increased awareness of the coin and the Cryptonote technology. I'm starting to see people talking about Monero all over the internet - the cat is well and truly out of the bag now!

[mangodream]

Today's blockchain.bin : => 18 May 2014 <=

Hope it will help  

[stellarman]

I've got a couple of questions.

First, I'm mining on extremepool.org. "My Stats" shows that my hash rate is only 2 H/sec with a single core processor. Yet if I solo mine with the daemon, it shows my hash  rate as 9 H/sec (with the newest update from 17 May). What could be going on with that? Is the pool miner using the older, less-optimized code? At 2 H/sec, it seems I am wasting my time.

Second (and more importantly, I think), where the heck is all this hash power coming from?? It looks to me as though all of the pools combined account for only a very small percentage of the total hashing. It makes me wonder whether someone (or several someones) have figured out how to GPU mine Monero, and are grabbing most of the coins. If so, that is functionally equivalent to a private pre-mine, and I predict it will be bad for the long-term viability of the coin. And that would be a shame.

Any ideas?

Regarding the first question, are you sure you are using the updated simpleminer.exe? Also, is your single core hyperthreaded? If so, you could run two instances of simpleminer.

I'm pretty sure I am on the latest binaries, but I have not tried running a second instance of the miner. My CPU usage is already 99% with the single instance. Am I really going to get more hashing with another instance?

Thanks for your input.

[DLow]

looks like moneropool.org payed out. ~1.3 mro for participating in the 2 blocks found.

have to hook up the killawatt and see if i can somehow justify this as "profitable"

[stellarman]

I've got a couple of questions.

First, I'm mining on extremepool.org. "My Stats" shows that my hash rate is only 2 H/sec with a single core processor. Yet if I solo mine with the daemon, it shows my hash  rate as 9 H/sec (with the newest update from 17 May). What could be going on with that? Is the pool miner using the older, less-optimized code? At 2 H/sec, it seems I am wasting my time.

Second (and more importantly, I think), where the heck is all this hash power coming from?? It looks to me as though all of the pools combined account for only a very small percentage of the total hashing. It makes me wonder whether someone (or several someones) have figured out how to GPU mine Monero, and are grabbing most of the coins. If so, that is functionally equivalent to a private pre-mine, and I predict it will be bad for the long-term viability of the coin. And that would be a shame.

Any ideas?

Did you wait for a bit as someone else suggested and see if your hashrate normalised on the pool? I actually get a higher hashrate using 8 threads of simpleminer on my 8 core machine than I do from solomining (also on extremepool.com). Also are you definitely using the latest simpleminer binaries? You probably are but it doesn't hurt to check.

I have noticed that the hashrate seems to be a lot, lot higher at the weekends & GMT evenings. I personally believe that the majority of the hashrate comes from sysadmins, using computers at their place of work (offices, schools etc) during the weekend downtime. As others have said, GPU mining may be theoretically possible but due to the algorithm it's unlikely that GPU gains will be as much. It's also possible that people are using cloud computing services (AWS, Microsoft Azure etc...) to throw lots of kh/s into the network. This is likely no longer very profitable (if it's still even profitable at all) given current hashrates and prices.

I only got into this coin just as difficulty was beginning to skyrocket but I believe in the underlying technology, the developers, and the community that is building up around Monero. While it is healthy to have concerns, I don't believe that there are secret GPU miners currently dominating the network, and the growth has been (for the most part) due to increased awareness of the coin and the Cryptonote technology. I'm starting to see people talking about Monero all over the internet - the cat is well and truly out of the bag now!

I believe in the underlying technology too. That's why it is a bit distressing not be able to mine the coin profitably, even though I started trying around block 20,000. I believe enough in Monero to have bought several thousand on the exchange, in part because I wasn't having much luck with mining. I suppose if a lot of other people come to the same conclusions, and start buying instead of mining, the price will start to rise. I guess that would settle my concerns some.

[xulescu]

I believe in the underlying technology too. That's why it is a bit distressing not be able to mine the coin profitably, even though I started trying around block 20,000. I believe enough in Monero to have bought several thousand on the exchange, in part because I wasn't having much luck with mining. I suppose if a lot of other people come to the same conclusions, and start buying instead of mining, the price will start to rise. I guess that would settle my concerns some.

My numbers say it's always better to buy than mine. For  Monero, my home server pushes around 15 H/s (a single thread) because that's the right thing to do even if you don't mine. If everybody did this, we would have no centrazilation problem.

[psterryl]

Today's blockchain.bin : => 18 May 2014 <=

Hope it will help  

Thanks - is this for Linux or Windows? If Windows, 64 bit or 32 bit?

I believe in the underlying technology too. That's why it is a bit distressing not be able to mine the coin profitably, even though I started trying around block 20,000. I believe enough in Monero to have bought several thousand on the exchange, in part because I wasn't having much luck with mining. I suppose if a lot of other people come to the same conclusions, and start buying instead of mining, the price will start to rise. I guess that would settle my concerns some.

My numbers say it's always better to buy than mine. For  Monero, my home server pushes around 15 H/s (a single thread) because that's the right thing to do even if you don't mine. If everybody did this, we would have no centrazilation problem.

This is true for the most part, unless you get in right at day 0. Having said that, I still feel Monero is undervalued, so I leave all my rigs mining. Who knows where it may go down the line, I don't want to look back and kick myself for not getting what I thought was a relatively small amount at the time. That and for the decentralisation as you mention.

[sammy007]

Please help me, I am mining on pool with cpuminer-multi. After start I got shares accepted, but after a couple of minutes I can't get any yay. Why? What is wrong?

[GreekBitcoin]

Please help me, I am mining on pool with cpuminer-multi. After start I got shares accepted, but after a couple of minutes I can't get any yay. Why? What is wrong?

pool difficulty goes up and it takes more time to find shares. If you let it mine it should be okay after a while.

[sammy007]

Please help me, I am mining on pool with cpuminer-multi. After start I got shares accepted, but after a couple of minutes I can't get any yay. Why? What is wrong?

pool difficulty goes up and it takes more time to find shares. If you let it mine it should be okay after a while.

So it's ok if it takes 10 minutes and nothing found? What a pool is stable? I checked about 3 pools and all down.

[33zer0w0lf]

Please help me, I am mining on pool with cpuminer-multi. After start I got shares accepted, but after a couple of minutes I can't get any yay. Why? What is wrong?

pool difficulty goes up and it takes more time to find shares. If you let it mine it should be okay after a while.

So it's ok if it takes 10 minutes and nothing found? What a pool is stable? I checked about 3 pools and all down.

http://extremepool.org is up and stable, running latest pool code

[Spollie]

Please help me, I am mining on pool with cpuminer-multi. After start I got shares accepted, but after a couple of minutes I can't get any yay. Why? What is wrong?

pool difficulty goes up and it takes more time to find shares. If you let it mine it should be okay after a while.

So it's ok if it takes 10 minutes and nothing found? What a pool is stable? I checked about 3 pools and all down.

http://extremepool.org is up and stable, running latest pool code

The same goes for monerominers.com, hasn't been down yet. I'll upgrade to the latest code in a minute.

[policymaker]

Bittrex tweet says they would like assistance from a dev to add cryptonote coins. Someone should get in touch

Yeah, Bittrex would be a very very good addition. They're also very responsive and fast to add.

yeha but if i cant get my wallet to work how will it ever load my mined monero? surely there must be some1 who knows why this error keeps coming up

Before you run simplewallet.exe, you must run bitmonerod.exe, and give it time to sync.

When bitmonerod has synced, it will say Syncronized OK in green writing. Leave bitmonerod running, then you can open simplewallet and allow it to refresh. Simplewallet refreshes by connecting to bitmonerod.

thank you SO much, it is now working as intended! You must launch the bat as many times as the cores you have in cpu , is that right? Should I mine in another pool other than official?

Last but not least, I tried opening simpleminer with same commands in another PC, using same address, but it never launched. I guess I have to do same steps setting up a wallet, instead of just running it? I mean synchronizing to network before mining

[sammy007]

Please help me, I am mining on pool with cpuminer-multi. After start I got shares accepted, but after a couple of minutes I can't get any yay. Why? What is wrong?

pool difficulty goes up and it takes more time to find shares. If you let it mine it should be okay after a while.

So it's ok if it takes 10 minutes and nothing found? What a pool is stable? I checked about 3 pools and all down.

http://extremepool.org is up and stable, running latest pool code

I can't get any shares accepted or rejected after a minutes on a pool. Not only on extremepool. What is wrong with difficulty?

[becker]

where can I look to see how many monero were given for a particular block?

[surfer43]

where can I look to see how many monero were given for a particular block?

monerochain.info

[surfer43]

If you mine with moneropool.org, please point your miners to the subdomains mine.moneropool.org or pool.moneropool.org instead of moneropool.org or www.moneropool.org. In ~24 hours mining on moneropool.org and www.moneropool.org will not work as those subdomains will be web servers only.

[carloss]

Is there any working combination of a pool and a multi-threaded miner on linux?

I am trying to use LucasJones/cpuminer-multi.

With moneropool.org or extremepool, it does not work at all. Sometimes it works for a while, sometimes I get rejects (booos) only (for long period). When I get booos, it reports share diff=0...

With moneropool.com it seems to work and there are no rejects. But something is wrong with share diff adjustments, as I get less and less found shares and the hashrate reported on the pool keeps decreasing.

[GreekBitcoin]

Is there any working combination of a pool and a multi-threaded miner on linux?

I am trying to use LucasJones/cpuminer-multi.

With moneropool.org or extremepool, it does not work at all. Sometimes it works for a while, sometimes I get rejects (booos) only (for long period). When I get booos, it reports share diff=0...

With moneropool.com it seems to work and there are no rejects. But something is wrong with share diff adjustments, as I get less and less found shares and the hashrate reported on the pool keeps decreasing.

I edited and asked you in the other thread but you may not saw that. Did you recompiled cpuminer today? Cause it has many changes from yesterday.