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

[AlexGR]

As I see it, having MRO take everything and upsetting the BCN devs by capitalizing on their work can backfire big time as they might "nuke" the clones and go with a V2 which heavily improves on V1. And then it's game over.

This is a really good point that I had overlooked myself.

The only way to position MRO for the long term is if the core developers are Cryptographers that have the expertise to stay ahead of the Bytecoin developers.

Otherwise a BCN 2.0 fair launch could be a problem.

If I was a BCN 1.0 dev, I would dump my BCN making myself a millionaire, and restart with the official BCN 2.0 to continue with my passion of making an anonymous Crypto without having to be greedy anymore.

How capable are the Monero developers?

What can they introduce in "V2" that can't be merged downstream?

Something making "cryptonote 1" vs "cryptonote 2" incompatible for forking purposes and which could require a new coin. If they have, on purpose, done various stuff in the past regarding things like un-optimizing code, as people write, chance is they will do it again even with changes on how the protocol operates, writes the blockchain, does the anonymity - stuff like that.

They sell their BCNs, get whatever they can in BTCs, say ok cryptonote 1 is dead (they hadn't much to lose anyway as MRO was taking the pie), then announce cryptonote 2 (and having the "testimony" of their good solution through cryptonote 1 which will make them the "innovators"), launch some kind of IPO to get even more money and voila. They've both got the money + killed the clones... sounds like a plan. MRO can then only hope to clone or adapt the new coin's features but with no moral high ground in terms of fairness.

This is the scenario that seems problematic - for me at least. Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

[eizh]

Something making "cryptonote 1" vs "cryptonote 2" incompatible for forking purposes and which could require a new coin. If they have, on purpose, done various stuff in the past regarding things like un-optimizing code, as people write, chance is they will do it again even with changes on how the protocol operates, writes the blockchain, does the anonymity - stuff like that.

They sell their BCNs, get whatever they can in BTCs, say ok cryptonote 1 is dead (they hadn't much to lose anyway as MRO was taking the pie), then announce cryptonote 2 (and having the "testimony" of their good solution through cryptonote 1 which will make them the "innovators"), launch some kind of IPO to get even more money and voila. They've both got the money + killed the clones... sounds like a plan. MRO can then only hope to clone or adapt the new coin's features but with no moral high ground in terms of fairness.

This is the scenario that seems problematic - for me at least. Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

You're confusing CryptoNote and Bytecoin. BCN just happens to be an implementation where the devs had contact with CN before CN went public. Most of BCN's code even says "// Copyright (c) 2012-2013 The Cryptonote developers" right at the top so they might even have just gotten freebies from CN. CryptoNote devs are the real geniuses behind all this and they're NOT secretive profit-seekers like BCN devs. They even have a website and a forum where they actively respond to questions.

If anyone radically improves CN, it will likely be CN devs themselves, which means it will be available for all CN forks to implement. They don't release their own cryptocurrencies, but merely monitor their proliferation and provide assistance.

[sorryforthat]

ITT: Crypto-coin conspiracies

[sorryforthat]

You're confusing CryptoNote and Bytecoin. BCN just happens to be an implementation where the devs had contact with CryptoNote before CN went public. Most of BCN's code even says "// Copyright (c) 2012-2013 The Cryptonote developers" right at the top so they might even have just gotten freebies from CN. CryptoNote devs are the real geniuses behind all this and they have a website and a forum where they actively respond to questions. If anyone radically improves CN, it will likely be them, which probably means it will be available for all CN forks to implement.

We dont even know if they arent one in the same, both are kind of just there with little interaction with the outside world.

[smooth]

Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

FYP

[AlexGR]

Something making "cryptonote 1" vs "cryptonote 2" incompatible for forking purposes and which could require a new coin. If they have, on purpose, done various stuff in the past regarding things like un-optimizing code, as people write, chance is they will do it again even with changes on how the protocol operates, writes the blockchain, does the anonymity - stuff like that.

They sell their BCNs, get whatever they can in BTCs, say ok cryptonote 1 is dead (they hadn't much to lose anyway as MRO was taking the pie), then announce cryptonote 2 (and having the "testimony" of their good solution through cryptonote 1 which will make them the "innovators"), launch some kind of IPO to get even more money and voila. They've both got the money + killed the clones... sounds like a plan. MRO can then only hope to clone or adapt the new coin's features but with no moral high ground in terms of fairness.

This is the scenario that seems problematic - for me at least. Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

You're confusing CryptoNote and Bytecoin. BCN just happens to be an implementation where the devs had contact with CryptoNote before CN went public. Most of BCN's code even says "// Copyright (c) 2012-2013 The Cryptonote developers" right at the top so they might even have just gotten freebies from CN. CryptoNote devs are the real geniuses behind all this and they're NOT some secretive profit-seekers. They have a website and a forum where they actively respond to questions. If anyone radically improves CN, it will likely be them, which probably means it will be available for all CN forks to implement. They don't release their own cryptocurrencies, but merely monitor their proliferation and provide assistance.

Yes, I'm aware of this, but the Bytecoin people made CryptoNote into a coin. A coin which has issues and which might be heavily improved in more than one aspects, anonymity included (to a larger or lesser extent). It is unlikely that their familiarity with the code and their headstart has not produced insights on what they would do better, in the technical department, if they started the coin now. Every dev that makes his code has these flashes "ah, I wish I had gone that other route and fixed this from the start".

We'll see how it goes. If they do it, I'll just take my loss. It's a risk going against first mover but then again I can't go with first mover because of the premine. And all the laundry from one community to the other, it's damaging the ecosystem. Anyway.

[sammy007]

Here was pool announcement.

[eizh]

This is the scenario that seems problematic - for me at least. Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

If this were true, it would also crash all other anonymous coins. Anyway, as I pointed out in my previous post, it's easy to abstract away and imagine something 'better' coming along but taking a hard look at known cryptography, we have it pretty good as it is. I'm pretty comfortable with my risk level.

[Gambiman]

Just started mining this, liking it so far, my rigs gpus have been mining for a longtime and now my cpus can get in on the action. Not a single wasted computing cycle, because ain't nobody got time for that.

Good approach. CPU coins and GPU coins can be very complimentary.

When doing this it is usually best to reduce the priority on your CPU coin BTW (using nice or the Windows equivalent) and/or reduce threads by one or two.

Thank you for the tip. not really sure what i'm doing, pointed 7 cpus to extremepool.org using that easyminer program. all Fx-6300 cpus.. they arent beasts by any measure of the imagination but it's better than nothing. extremepool says my hash rate is 19.27 H/s is that any good?

I just started mining with my laptop with an 4 core i5. getting around 12-10H/s. So I think you should have more? I will try later with my desktop's FX 8350. What is you power consumption? I noticed that CPU mining uses a lot more than GPU mining watt-wise.(at least for other algo). So I kinda abandonned the idea, but it is not running at 100% on the laptop, I believe it will be the same on the desktop?

[AlexGR]

This is the scenario that seems problematic - for me at least. Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

If this were true, it would also crash all other anonymous coins.

Bytecoin clones would immediately be inferior to the new "prototype". Non-bytecoin clones will not necessarily lag in comparison with a v2 of bytecoin. It depends what they use in terms of blockchain tech and where they are with their development.

[giveBTCpls]

Something making "cryptonote 1" vs "cryptonote 2" incompatible for forking purposes and which could require a new coin. If they have, on purpose, done various stuff in the past regarding things like un-optimizing code, as people write, chance is they will do it again even with changes on how the protocol operates, writes the blockchain, does the anonymity - stuff like that.

They sell their BCNs, get whatever they can in BTCs, say ok cryptonote 1 is dead (they hadn't much to lose anyway as MRO was taking the pie), then announce cryptonote 2 (and having the "testimony" of their good solution through cryptonote 1 which will make them the "innovators"), launch some kind of IPO to get even more money and voila. They've both got the money + killed the clones... sounds like a plan. MRO can then only hope to clone or adapt the new coin's features but with no moral high ground in terms of fairness.

This is the scenario that seems problematic - for me at least. Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

You're confusing CryptoNote and Bytecoin. BCN just happens to be an implementation where the devs had contact with CryptoNote before CN went public. Most of BCN's code even says "// Copyright (c) 2012-2013 The Cryptonote developers" right at the top so they might even have just gotten freebies from CN. CryptoNote devs are the real geniuses behind all this and they're NOT some secretive profit-seekers. They have a website and a forum where they actively respond to questions. If anyone radically improves CN, it will likely be them, which probably means it will be available for all CN forks to implement. They don't release their own cryptocurrencies, but merely monitor their proliferation and provide assistance.

Yes, I'm aware of this, but the Bytecoin people made CryptoNote into a coin. A coin which has issues and which might be heavily improved in more than one aspects, anonymity included (to a larger or lesser extent). It is unlikely that their familiarity with the code and their headstart has not produced insights on what they would do better, in the technical department, if they started the coin now. Every dev that makes his code has these flashes "ah, I wish I had gone that other route and fixed this from the start".

We'll see how it goes. If they do it, I'll just take my loss. It's a risk going against first mover but then again I can't go with first mover because of the premine. And all the laundry from one community to the other, it's damaging the ecosystem. Anyway.

You have to be literally retarded to invest in an economy where 80% of mined coins belong to devs and friends basically. Bytecoin devs aren't geniuses and aren't smarter than Monero devs, in fact based on how Monero devs have improved Bytecoin code so quick I would say it's the opposite. They just got lucky into being the first to get involved with CryptoNote. In my book, being the first at something doesn't guarantee anything. Bitcoin is not the first cryptocurrency ever, Litecoin is not the first scrypt currency ever... etc.

[stompix]

[img][Pic about rich dog making a fortune on the coin/img]
 

But it seems like it's the same with any altcoin 
Brand new idea , people buying into the hype , some of us making some really nice $ or BTC and then the same old story
People start arguing , the community is on fire , and the drop begins.

I will not try to aim for the top with any coin from now on. Dig some profits and ran away , I'm not interested in the drama.

[Jasmin68k]

hello



yesterday i started my adventure on monero... all fine i guess... i installed the simplewallet simple miner and bitmonerod.
runned bitmonerod thensimple walled and generated new wallet. then on simple miner i putted to mine to this pool
http://monerominers.com/pool/

as it offered a 100 monero bounty among the first miner to discover the block. we were 12 and we discovered the block after a while....

but my balance is still to 0 ... ( more block were discovered in the night but my balance still 0 in the wallet i mean) is there a minimal threshold payout ? im testing not at around 40- 170 h/s  i have quite many xeon machines to put on this if the pools reveals not a scam pool ... i just need more infos how to check my stats , my pending moneros and so ... this is my address

497viAVVKPC7vd5aA1m384eQbdAkWDMykaFdnDmYi3n1CNDZ93aSW7ZLxvGuGvizXsBXUVx5ntT2SSx TV47iYUWi5P1hUjG

please waiting for infos.

Payments will be carried out tonight!

I am in the same position as cptfisher.

Pointed some hashpower towards this pool the evening this 100 MRO bounty was announced.

Participated in finding the first (bounty) block and four blocks after and have yet to receive any of the bounty share or regular pool payout.

Despite Spollie's above announcement or the pool page saying that payments are live.

The MRO address used is this one:

43AoQ2heavdXk4Qoqv2CvPdktETqqqpqTJFEegnxNAph49h2gA3S33DCQ7i81W3aG9XENEdYfWUhP4V qvFN3U8LDBb8smHN

Have PM'ed Spollie earlier already.

Had just gotten into mining this coin on other pools for a day or so, where everything went smoothly.

Then switched to monerominers.com after that 100 MRO bounty was announced.

Seen it as a nice opportunity to make some extra MRO and support a small pool in the process while difficulty was still much lower.

Would be sad to have wasted my hashes on this pool...

Maybe just a glitch in the still new pool software?

Would be glad, if the admin could sort things out. Thanks in advance!

@cptfisher: Did you receive your payment yet?

[huhliki.k]

Holders Darkcoin do everything to kill rival
                   Shame on them!

[yzhi]

Wallet:
Error: refresh failed: daemon is busy. Please try later. Blocks received: 0

bitmonerod:

set_log 1 active and it downloading blocks, how long do I have to wait to refresh and/or start mining?

You must wait until sync finish.  You will get message in bitmonerod:

You are now synchronized with the network. You may now start simplewallet.

Please note, that the blockchain will be saved only after you quit the daemon wi
th "exit" command or if you use "save" command.
Otherwise, you will possibly need to synchronize the blockchain again.

Then you start wallet and mining.

Remember to type save in bitmonerod after sync to write blockchain to hard drive and use exit in bitmonerod when closing to save blockchain on hard drive.  It does not write to hard drive automatic.

synchronized with the network and you may now start simplewallet.

[Mineotaur]

Anyone with an idea, I'm having problems with the .net gui

It seems like it gets stuck with just a few blocks remaining,
plus the address is always initializing.

[img]

Is there a solution to the problem above?   

I don't have a solution, but it might be worth saying that I have this problem too. The final 2-4 blocks don't download, even if the wallet is left active for hours/days. Non GUI wallet is fine.

[emontmon]

Anyone with an idea, I'm having problems with the .net gui

It seems like it gets stuck with just a few blocks remaining,
plus the address is always initializing.

[img]

Is there a solution to the problem above?   

I don't have a solution, but it might be worth saying that I have this problem too. The final 2-4 blocks don't download, even if the wallet is left active for hours/days. Non GUI wallet is fine.

i usually stop the daemon and restart. that seems to solve it.

[NeuroticFish]

^^ I used the command line apps and they do the job well.

Step 1: Copy bitmonerod.exe and simplewallet.exe where your wallet is, if you don't have them there.
Step 2: Start the bitmonerod.exe, leave it sync. When sync finished, type: save. When you want to exit, type: exit. Don't just close the console or such. You can keep the daemon started for now, just make sure it synced (it's written green) and you saved.
Step 3: Start simplewallet.exe. Let it do its job, then the balance will be shown. If you want other operations, type help. If you want to close, type exit.

[MarcusCisero45]

I also have a problem with my wallet not updating. Not related to a pool though..
I downloaded the program last night and installed the program, updated the blockchain, made a wallet and started mining. Everything seemed to be working and so I went to an exchange and bought some Monero's and sent them to my wallet address this morning. Now several hours later they are still not showing up in my wallet. The blockchain seems up to date and I'm still able to mine but the coins aren't there. Have checked the address I sent them to several times and it's correct. Anyone have any ideas what's wrong?

Appreciate any help.

thanks.

[drawingthesun]

This is the scenario that seems problematic - for me at least. Even announcing such a plan could make Monero crash. It's too high a dependency in terms of investment.

If this were true, it would also crash all other anonymous coins.

Bytecoin clones would immediately be inferior to the new "prototype". Non-bytecoin clones will not necessarily lag in comparison with a v2 of bytecoin. It depends what they use in terms of blockchain tech and where they are with their development.

Ok now you're going a little overboard with this line of thinking.

Bytecoin 2.0 is made by developers of Bytecoin 1.0 and worked with CryptoNote. CryptoNote developers may very well be working on Monero by now.

Also Monero has first mover advantage for CryptoNote coins outside of Bytecoin.

You're making some large assumptions here, what is this generation two technology you're talking about? If it's based on the current chain tech then Monero can easily add that on board.

These Bytecoin developers do not seem to be the brains behind the technology, Bytecoin had many limitations that Monero fixed in weeks where Bytecoin had a year to fix it.

I do see your point but this is just FUD:

Bytecoin clones would immediately be inferior to the new "prototype"