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

[smooth]

Hi I have been away for a week & come back to find I solo mined 15 mro, but now I see there was a mandatory upgrade & change to XMR.  Are these coins now worthless or can I still transfer them?   I'm running wallet v0.8.8.1.1 according to the log??

Your coins are fine. Just upgrade your wallet software.

Backup your wallet files before doing anything else of course.

[AlexGR]

I cannot transfer XMR to bittrex. What's wrong?

Protocol limitations.

Is there any dev, from any BCN-coin trying to fix this? It's quite annoying - and not only that, but people used to Bitcoin consider it a ridiculous limitation.

[ellave]

Hi I have been away for a week & come back to find I solo mined 15 mro, but now I see there was a mandatory upgrade & change to XMR.  Are these coins now worthless or can I still transfer them?   I'm running wallet v0.8.8.1.1 according to the log??

Your coins are fine. Just upgrade your wallet software.

Backup your wallet files before doing anything else of course.

Thanks will give it a go.

[superresistant]

monero.crypto-pool.fr

Our total hashrate increased by 9 times in 24 hours.

The pool is very stable thanks to recent improvement in the code. There is still a big margin for more hashrate.

We never found so much blocks, it is very impressive.

Thanks for your support !

Check my signature for tutorial.

[TTM]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption from users and exchanges. We can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

[onemorebtc]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption, we can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

the problem are many small inputs (eg pool payouts)
btw bitcoin has the same problem (just better pools)

[TTM]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption, we can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

the problem are many small inputs (eg pool payouts)
btw bitcoin has the same problem (just better pools)

So will this problem will be less seen while XMR continue growing ?

[GreekBitcoin]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption, we can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

the problem are many small inputs (eg pool payouts)
btw bitcoin has the same problem (just better pools)

So will this problem will be less seen while XMR continue growing ?

yes obviously. It doesnt even need to grow. Pools just need to limit payouts...

[equipoise]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption from users and exchanges. We can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

"amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007" is needed for the mixing and is just fine. The problem comes when you are mining in a large pool and getting dust transactions few times per hour.

[TTM]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption from users and exchanges. We can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

"amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007" is needed for the mixing and is just fine. The problem comes when you are mining in a large pool and getting dust transactions few times per hour.

We can't expect every pool to raise limits for the good of network, is an update needed at protocol level for this task ? I thought recent mandatory update with new fee was about to fix "dust transactions" problem ?

[luckygenough56]

when can we expect a shiny featured wallet and faster blockchain. Any ideas ? Will we be able to send coins from one exchange to another without issues soon ?

[Xdragon]

I cannot transfer XMR to bittrex. What's wrong?

Protocol limitations.

Is there any dev, from any BCN-coin trying to fix this? It's quite annoying - and not only that, but people used to Bitcoin consider it a ridiculous limitation.

I had the same problem. Solved it by restarting wallet, it takes just a few seconds

[equipoise]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption from users and exchanges. We can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

"amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007" is needed for the mixing and is just fine. The problem comes when you are mining in a large pool and getting dust transactions few times per hour.

We can't expect every pool to raise limits for the good of network, is an update needed at protocol level for this task ? I thought recent mandatory update with new fee was about to fix "dust transactions" problem ?

More dust inputs -> bigger transaction.
Larger mixing count -> bigger transaction.
The transaction size limit is not hard coded in the protocol - it's adjusting by itself, so it depends on the users:
More larger transactions close to the limit -> larger transaction limit -> bigger blockchain.
The transaction fee is currently hard coded, so whatever the transaction size -> same fee - this will be changed to larger transaction size -> larger fees.
We could expect the pools to raise limits - the same way they do it for Bitcoin, because sending you dust, which is more expensive to spend then the dust itself is not good for the users and they'll eventually leave the pool if this is not changed.

when can we expect a shiny featured wallet and faster blockchain. Any ideas ? Will we be able to send coins from one exchange to another without issues soon ?

It's already in the RPC API, so it depends on the exchanges now, not on the core devs.

[Quicken]

I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.

I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption, we can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.

the problem are many small inputs (eg pool payouts)
btw bitcoin has the same problem (just better pools)

Would a workaround be to send infrequent transactions from a mining wallet to a second storage/transaction wallet?

I am not currently a member of an exchange, but have started mining Monero and I'm keen to invest some fiat savings (GBP) too. Ideally, I'd buy from somewhere like coin-hub.co.uk but they don't sell Monero yet (I have sent a request). Can anyone suggest the easiest way to exchange GBP for XMR? Any help appreciated.

[equipoise]

^You should exchange GBP -> BTC -> XMR.

[pabloangello]

Why should I invest in this coin, what makes it better than other coins?

[cxboyminer]

damn... VPS makes 15H/s only wtf bought it today from ovh now getting refund

[GreekBitcoin]

Why should I invest in this coin, what makes it better than other coins?

It is not a bitcoin clone coin and its "anonymity" or "privacy" or whatever you call it is real and doesnt rely on masternodes that can be hacked or can be owned by malicious people. Oh and it is opensource.

[hbadger]

Why should I invest in this coin, what makes it better than other coins?

- It's based on Cryptonote, which you could say is the first significant innovation in the altcoins world. It allows us to have anonymous transactions, much better than the Darkcoin fad (which is just CoinJoin but badly implemented).
- It uses the blockchain technology, but is not a Bitcoin copy/paste, it's a complete rewrite.
- The dev team is very competent, they even started a partnership with I2P.
- Lots of Bitcoin early adopters including myself loved it at first sight. That's no coincidence.
- Gregory Maxwell, Bitcoin core dev and creator of CoinJoin, talked very well about the way ring signatures are used here.
- Fair launch, no ninja-mine, etc.

[superresistant]

Why should I invest in this coin, what makes it better than other coins?

Just don't. If you are not able to do your own research, you are not ready to invest.