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

[TTM]

i don't know why MRO got frozen twice in short periods today on Poloniex. They might have some problem with operating MRO wallet.

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[Gambiman]

Too many orphaaaans...

Edit: http://monero.crypto-pool.fr/#pool_blocks Seriously?!

[sammy007]

Too many orphaaaans...

Edit: http://monero.crypto-pool.fr/#pool_blocks Seriously?!

You have to read about orphans nature on previous page.

[Gambiman]

I did, I started it actually. But just wanted to say again... Just mined 4h straight for nothing. So you saying that mining solo would not change that? getting less orphans I mean

[ifightformerkel]

a lot of people want 50 mro on poloniex 

[smooth]

I did, I started it actually. But just wanted to say again... Just mined 4h straight for nothing. So you saying that mining solo would not change that? getting less orphans I mean

I mine solo and I get plenty of orphans. It's perfectly normal for a 60 second block time. It's probably a little worse with pools, because the pool layer adds more latency, but that's shouldn't be a huge factor.

[Polycoin]

I did, I started it actually. But just wanted to say again... Just mined 4h straight for nothing. So you saying that mining solo would not change that? getting less orphans I mean

I mine solo and I get plenty of orphans. It's perfectly normal for a 60 second block time. It's probably a little worse with pools, because the pool layer adds more latency, but that's shouldn't be a huge factor.

That's why this coin will ultimately fail soon...Way too many orphan blocks are being generated, making it practically useless to mine this coin.

[smooth]

I did, I started it actually. But just wanted to say again... Just mined 4h straight for nothing. So you saying that mining solo would not change that? getting less orphans I mean

I mine solo and I get plenty of orphans. It's perfectly normal for a 60 second block time. It's probably a little worse with pools, because the pool layer adds more latency, but that's shouldn't be a huge factor.

That's why this coin will ultimately fail soon...Way too many orphan blocks are being generated, making it practically useless to mine this coin.

Not really. Everybody gets orphans so the effect is to make the difficulty lower than it would otherwise be. You get more blocks, but more of them are orphaned, so the end result is about the same. It is annoying, inefficient, and confusing, but it doesn't really affect mining output.

[ifightformerkel]

when mintpal add us price easy double  
because the big whales are on mintpal with a lot of 1000 btc, and they want this coin 

[aminorex]

Price in the .002s now.  Definitely deep oversold.  I'm loading up on the exchanges (slowly).  I suggest miners hold until 0.008 before selling fresh rewards, hold old rewards until 0.01294, which is the first candidate for top of the next major breakout.

[xxnirvana69xx]

Is ~40H/s a waste of time to mine solo or should I wait to do that until I upgrade to an FX-8320? I tried for 3 days and hadn't gotten anything. Just wondering if it's worth it to keep making the 0.5mro a day from the pool?

[blaaaaacksuit]

Price in the .002s now.  Definitely deep oversold.  I'm loading up on the exchanges (slowly).  I suggest miners hold until 0.008 before selling fresh rewards, hold old rewards until 0.01294, which is the first candidate for top of the next major breakout.

[citation needed]

But I still hope you're right!  

[aminorex]

I suggest conducting a poll regarding block times.  

Any hard fork is effectively a poll of miners anyway

That's a terribly expensive way to poll.  Better to conserve resources by pre-testing the idea.  If a hard fork fails, it doesn't just waste precious development time, it does serious damage to credibility and community.  BTC could survive that, before it had competition, and might survive it now, while it has dominance, but MRO is still very green and needs gentle shepherding, with a calm hand, or the pirhana will tear it apart.  I hate to see any blood in the water at this point.  Enough was shed in the past month already.

One fundamental problem with handing veto to the miners is that miners are generally (1) very poor at estimating value impact of a change and (2) very very short-term in their return profiles.
Oh, and another may be if the miners consist primarily of criminals operating botnets.  The opposite of meritocracy, there.
 

[mr_random]

Number 1 priority for this coin should be making it more user friendly.

I had to do quite a bit reading to figure this all out. The good news is once we have a friendly GUI wallet and clearer instructions, we'll get tons of new adopters.

Right now I view this as a DRK-type coin... which lay under-priced for weeks until it went to the moon.

[David Latapie]

New pool: extremehash.com, based in the US

[smooth]

I suggest conducting a poll regarding block times.  

Any hard fork is effectively a poll of miners anyway

That's a terribly expensive way to poll.  Better to conserve resources by pre-testing the idea.  If a hard fork fails, it doesn't just waste precious development time, it does serious damage to credibility and community.

I didn't mean it that way. You code it so that only after a sufficient number of miners are running the new code does it go into effect. As long as they upgrade, it flips over at some automatically-determined point, but if for some reason they don't, everything stays the way it is. There is no failed hard fork.

Of course we can discuss this in the community first and if there is strong opposition not do it, but I really don't see why anyone would be strongly opposed. I could be wrong though.

One fundamental problem with handing veto to the miners is that miners are generally (1) very poor at estimating value impact of a change and (2) very very short-term in their return profiles.
Oh, and another may be if the miners consist primarily of criminals operating botnets.  The opposite of meritocracy, there.

Kind of unavoidable. It's the golden rule. The miners are spending the money to run the network (even if in some cases they are stealing it), so in a sense they get to make the rules.  You can sort of run interference against the miners by blocking relaying in the nodes, but it doesn't really work that well except in the most extreme cases.

[aerbax]

Is ~40H/s a waste of time to mine solo or should I wait to do that until I upgrade to an FX-8320? I tried for 3 days and hadn't gotten anything. Just wondering if it's worth it to keep making the 0.5mro a day from the pool?

40H/s is probably a waste right now.  My main machine can do about 160H/s with the wallet/daemon and I managed to find a block Monday night, but nothing all day yesterday, so I've switched back to pool mining.

If people abandon this and the total H/s drops down to ~1Mhash, I'll probably go back solo.

[TooDumbForBitcoin]

I suggest conducting a poll regarding block times.  

Any hard fork is effectively a poll of miners anyway

That's a terribly expensive way to poll.  Better to conserve resources by pre-testing the idea.  If a hard fork fails, it doesn't just waste precious development time, it does serious damage to credibility and community.  BTC could survive that, before it had competition, and might survive it now, while it has dominance, but MRO is still very green and needs gentle shepherding, with a calm hand, or the pirhana will tear it apart.  I hate to see any blood in the water at this point.  Enough was shed in the past month already.

One fundamental problem with handing veto to the miners is that miners are generally (1) very poor at estimating value impact of a change and (2) very very short-term in their return profiles.
Oh, and another may be if the miners consist primarily of criminals operating botnets.  The opposite of meritocracy, there.
 

If QCN gets on polo or cryptonote.ex, the miner poll is underway. 

[mr_random]

GPU mining capability would also attract a lot of people.

[Johnny Mnemonic]

Smooth, I agree block time needs to go back to 2 minutes or higher. I think this and other changes discussed (https://bitcointalk.org/index.php?topic=597878.msg6701490#msg6701490) should be rolled into a single hard fork and bundled with a beautiful GUI wallet and mining tools.

The trolls are correct in that there is nothing special (yet) with MRO's features. However, we have the right people in place to make this coin truly great. We cannot be afraid of taking unconventional approaches to solving problems and we certainly cannot be afraid of hard forking.

MRO has a long way to go. CryptoNote's solution for anonymity is far from elegant, but it is effective, and that's a huge step in the right direction.  It will suffice until better alternatives emerge. With that out of the way,

- is MRO easy to get? No (though we're working on it). My grandma should be able to fire up the miner and start receiving MRO without calling me.
- is MRO easy to spend? No. This is due to both economic reasons and user experience.
- is MRO scalable? No. Ring signatures add enormous bloat to the block chain that will become a big problem very soon.
- is MRO pretty? No. It's ugly and gross and this is just as important an issue as its functionality.

The good news is there are a lot of people who care about this coin and are taking steps to improve it. As long as we continue to focus on the things that matter we will be ahead of the pack.