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dunchy
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June 05, 2014, 03:24:42 PM |
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Toeay someone on VTC thread mentioned GPU miner for cryptonight developed. Links?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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superresistant
Legendary
 Offline
Activity: 2128
Merit: 1120
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June 05, 2014, 03:27:01 PM |
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Toeay someone on VTC thread mentioned GPU miner for cryptonight developed. Links?
See my signature link. |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 05, 2014, 03:29:13 PM |
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Why should I invest in this coin, what makes it better than other coins?
If you are a sociopathic greedy or selfish person, you should not invest in this coin. If you are too wealthy to be a good steward of the earth's resources, you should not invest in this coin. Short-term speculators should look elsewhere, because a PoW/PoS coin like XC will offer better gains when PoW ends. XMR isn't a good vehicle for pump and dump. Moreover there are now several people who seek to build XMR by market-making, which means volatility is low, reducing short-term speculation gains. If you are respectful of the freedom of others, careful to use wealth constructively, rather than in hedonistic consumption (except for a relatively small proportion appropriate to the enjoyment of prosperity) then I would encourage you to invest heavily, if you wish to transact privately and/or protect wealth and your life and family from extortion of any kind. It is currently the best coin for that purpose: The underlying protocol is the best extant (in my opinion the only one worth trusting today), and among the coins using that protocol it has the best chance of long-term success, due to responsible active development, and dispersion factors. Regarding dispersion factors, I am convinced that the aggressive emission schedule will be beneficial to dispersion, and thus accelerate the development of a viable XMR economy, relative to the history of bitcoin. Miners who want to flip would prefer early prices to be higher, but that's illusory: Half the coins at twice the price means no benefit. Only the competitiveness of mining and the efficiency of your hardware will impact mining profits. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 05, 2014, 03:32:03 PM |
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Could you just creep into your holes back, I am so tired, China, NSA, USA, badgers...
badgers I can handle. it's the snakes that creep me out. anyhow, (ignore) WORKS. my life is so much better since i started applying it diligently to the worst trolls. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 05, 2014, 03:33:59 PM |
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they will be able to map all bitcoin addresses with significant funds to a social security number Makes me glad I don't have a social security number. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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dunchy
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June 05, 2014, 03:34:56 PM |
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Toeay someone on VTC thread mentioned GPU miner for cryptonight developed. Links?
See my signature link. Thanks alot superress.. |
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David Latapie
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June 05, 2014, 03:47:39 PM |
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If you are not able to do your own research, you are not ready to invest. This should be written in big red letters on the bitcointalk newbies forum. It should even be taught in high school. |
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ponch85
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June 05, 2014, 03:50:42 PM |
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Why should I invest in this coin, what makes it better than other coins?
If you are a sociopathic greedy or selfish person, you should not invest in this coin. If you are too wealthy to be a good steward of the earth's resources, you should not invest in this coin. Short-term speculators should look elsewhere, because a PoW/PoS coin like XC will offer better gains when PoW ends. XMR isn't a good vehicle for pump and dump. Moreover there are now several people who seek to build XMR by market-making, which means volatility is low, reducing short-term speculation gains. If you are respectful of the freedom of others, careful to use wealth constructively, rather than in hedonistic consumption (except for a relatively small proportion appropriate to the enjoyment of prosperity) then I would encourage you to invest heavily, if you wish to transact privately and/or protect wealth and your life and family from extortion of any kind. It is currently the best coin for that purpose: The underlying protocol is the best extant (in my opinion the only one worth trusting today), and among the coins using that protocol it has the best chance of long-term success, due to responsible active development, and dispersion factors. Regarding dispersion factors, I am convinced that the aggressive emission schedule will be beneficial to dispersion, and thus accelerate the development of a viable XMR economy, relative to the history of bitcoin. Miners who want to flip would prefer early prices to be higher, but that's illusory: Half the coins at twice the price means no benefit. Only the competitiveness of mining and the efficiency of your hardware will impact mining profits. great speech! |
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David Latapie
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June 05, 2014, 03:58:50 PM |
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quick question, what are the best CPUs to mine this coin? Hardware comparison datahow much memory is needed in a rig? Non issue, especially if you use precomiled binaries (the most RAM intensive action is compiling is there an article anywhere which describes rig requirements for Monero? If you are talking about GPUmining, none that I know of |
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followtheboss
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June 05, 2014, 04:10:11 PM |
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when you send coin to a personal wallet without payment_id because i don't know it
the coin is lost ? i can recover it ?
how much are coins fees between wallets? same as polo?
cheers
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sammy007
Legendary
Offline
Activity: 1904
Merit: 1003
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June 05, 2014, 04:11:56 PM |
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when you send coin to a personal wallet without payment_id because i don't know it
the coin is lost ? i can recover it ?
how much are coins fees between wallets? same as polo?
cheers
No, wait for coins in your personal wallet. |
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uvt9
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June 05, 2014, 04:13:40 PM |
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when you send coin to a personal wallet without payment_id because i don't know it
the coin is lost ? i can recover it ?
how much are coins fees between wallets? same as polo?
cheers
you don't need Payment ID to send coins to personal wallet of yours of someone's, the transaction will be performed just fine without payment ID. Currently only exchanges require Payment ID, because they use only one deposit address for all deposits, those payment IDs are used to identify which deposit belong to which user. |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 05, 2014, 04:31:32 PM |
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Currently only exchanges require Payment ID, because they use only one deposit address for all deposits
What motivates this choice? |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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followtheboss
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June 05, 2014, 04:32:20 PM |
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when you send coin to a personal wallet without payment_id because i don't know it
the coin is lost ? i can recover it ?
how much are coins fees between wallets? same as polo?
cheers
you don't need Payment ID to send coins to personal wallet of yours of someone's, the transaction will be performed just fine without payment ID. Currently only exchanges require Payment ID, because they use only one deposit address for all deposits, those payment IDs are used to identify which deposit belong to which user. ok ok thnx, but i did the transfert 2 hours ago still didn't get it on my other wallet It takes how many hours ? cheers |
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binaryFate
Legendary
Offline
Activity: 1484
Merit: 1003
Still wild and free
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June 05, 2014, 04:36:25 PM |
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when you send coin to a personal wallet without payment_id because i don't know it
the coin is lost ? i can recover it ?
how much are coins fees between wallets? same as polo?
cheers
you don't need Payment ID to send coins to personal wallet of yours of someone's, the transaction will be performed just fine without payment ID. Currently only exchanges require Payment ID, because they use only one deposit address for all deposits, those payment IDs are used to identify which deposit belong to which user. ok ok thnx, but i did the transfert 2 hours ago still didn't get it on my other wallet It takes how many hours ? cheers Maybe you should just refresh your wallet? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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sammy007
Legendary
Offline
Activity: 1904
Merit: 1003
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June 05, 2014, 04:36:31 PM |
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Currently only exchanges require Payment ID, because they use only one deposit address for all deposits
What motivates this choice? They use the same software, one wallet -- one address. In other words, they won't run an instance of simplewallet for every dumper on exchange. |
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followtheboss
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June 05, 2014, 04:40:58 PM |
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when you send coin to a personal wallet without payment_id because i don't know it
the coin is lost ? i can recover it ?
how much are coins fees between wallets? same as polo?
cheers
you don't need Payment ID to send coins to personal wallet of yours of someone's, the transaction will be performed just fine without payment ID. Currently only exchanges require Payment ID, because they use only one deposit address for all deposits, those payment IDs are used to identify which deposit belong to which user. ok ok thnx, but i did the transfert 2 hours ago still didn't get it on my other wallet It takes how many hours ? cheers Maybe you should just refresh your wallet? I did refresh but balance was at 0. But I just got it now. So transactions seems to take some time. Anyway thanks guys cheers |
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monerochain
Newbie
Offline
Activity: 12
Merit: 0
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June 05, 2014, 04:42:50 PM |
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Currently only exchanges require Payment ID, because they use only one deposit address for all deposits
What motivates this choice? They use the same software, one wallet -- one address. In other words, they won't run an instance of simplewallet for every dumper on exchange. Synchronizing a wallet is a lengthy process. Keeping synchronized a different wallet for each user would be very costly in terms of processing time with current software. |
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binaryFate
Legendary
Offline
Activity: 1484
Merit: 1003
Still wild and free
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June 05, 2014, 04:52:14 PM |
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Currently only exchanges require Payment ID, because they use only one deposit address for all deposits
What motivates this choice? They use the same software, one wallet -- one address. In other words, they won't run an instance of simplewallet for every dumper on exchange. Synchronizing a wallet is a lengthy process. Keeping synchronized a different wallet for each user would be very costly in terms of processing time with current software. Isn't it also that with bitcoin you need to use several addresses for privacy issues, but with monero it's irrelevant? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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uvt9
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June 05, 2014, 05:12:03 PM |
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I did refresh but balance was at 0.
But I just got it now. So transactions seems to take some time.
Anyway thanks guys
cheers
It only take few minutes for Monero transactions get confirmed. I don't know why you took 2 hours, but always keep your daemon synced with network before using refresh command in your wallet. |
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