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

[marada]

why is the difficulty and hashrate skyrocketing?

Adoption? Also the CPU miners have gotten more efficient and GPU's have got on-board.

This is unlucky situation GPU miner is closed source and windows only. Same killed quarks some time ago. The only good side is that it is not (yet) enough efficient to put CPUs aside (electrically and economically). I hope the community will overpass this by providing the open source solution as soon as possible.

[tacotime]

why is the difficulty and hashrate skyrocketing?

ec2 miners are launching hundreds of instances because it is extremely profitable with this price spike.

Yup. The high inflation of this coin in the first couple of years likely ensures we will not have outrageous price pumps because people will simply turn on bulk computing farms if there are price spikes, and XMR will be dumped due to economic pressure. I'm not sure this is a bad thing.

[smooth]

OK, technically his site is the official one.

Not on this thread it isn't. If you think his development process and direction is superior, you are free to head over to his thread or his repo, at your own risk

The only thing official on this thread is what is identified as such on the first post.

[smooth]

why is the difficulty and hashrate skyrocketing?

ec2 miners are launching hundreds of instances because it is extremely profitable with this price spike.

Yup. The high inflation of this coin in the first couple of years likely ensures we will not have outrageous price pumps because people will simply turn on bulk computing farms if there are price spikes, and XMR will be dumped due to economic pressure. I'm not sure this is a bad thing.

There won't be as many short term spikes (I agree not necessarily a bad thing), but nothing about this sort of mining prevents persistent price rises. The the price increases stick, the difficulty will just go up accordingly. There won't be any more supply being dumped, beyond a short transition period.

To answer the original question, difficulty follows price. Price is up 30% (briefly much more). You should expect difficulty to also increase. No different than any other coin. More efficient miners (CPU, GPU, whatever) also increase difficulty. The increases are additive.

[smooth]

OK, technically his site is the official one.

Not on this thread it isn't. If you think his development process and direction is superior, you are free to head over to his thread or his repo, at your own risk

The only thing official on this thread is what is identified as such on the first post.

He's not affiliated with XMR, he's not in the core team, and for all you know, he could be gaining trust to release a trojaned binary.

I have no reason to believe that. But we can't and won't ever endorse any sources other than the official ones.

[uvt9]

why is the difficulty and hashrate skyrocketing?

Pay attention, I released a new cpuminer

i know that but it's really strange while moneropool.com and .org stay essentially the same with their hr.

[aminorex]

Yup. The high inflation of this coin in the first couple of years likely ensures we will not have outrageous price pumps because people will simply turn on bulk computing farms if there are price spikes, and XMR will be dumped due to economic pressure. I'm not sure this is a bad thing.

If it were true it would be a good thing, meaning good for dispersion hence adoption hence valuation and persistence.  However, feedback loops do occur.   It has happened repeatedly in bitcoin, that rising difficulty caused miners to with-hold, which caused prices to rise, which caused more mining, which caused ... etc.  The reverse is common in a declining alt, and often ends it a local catastrophe and price crash.  Positive feedback loops are crazy-makers.

[expert-lister]

I have problem,
I sent withdrawal from Bittrex to Poloniex. it was my first XMR transaction. I sent coin to ADDR address,NOT payment ID, and credit didn't add to my balance.
I lost my coins or..?

[becker]

Noticed my computer was running slow, internet crawling, etc... Looked at Resource monitor and bitmonerod was taking more bandwidth than anything, also upon closing it, the TCP connections dropped by 300 to 200, it was over 500 connections total. How does one limit the connections. As that was after having left it open for a couple days, can't see leaving it running like that.

[nioc]

It is supposed to checkpoint to disk, but apparently it didn't. Double check that you don't have a disk problem (out of disk space, etc.) and once it syncs up the next time, type "save" in the daemon window.

Thanks for the tips. This coin really is for geeks (funny thing is - I AM one !). Now I can see why nobody's buying it - it's not even out of alpha yet.

ok, I've downloaded the blockchain but can't find any info as to where I should locate it. If I put it in the same folder as the daemon, then the log entry says 'Unable to load blockchain, creaating genesis block'. On the other hand, if I look in users/AppData/Roaming etc, there's no sign of a Monero folder created by the daemon.

If I downloaded the Windows binaries, do I still need to install any 3rd party support infrastructure (there was on cited on the Wallet download page but I forgot the name right now).

Thanks again for the tips !

EDIT: FOund where the blockchain goes - it's in a folder called 'bitmonero' in roaming, not monero.

Bitcoin itself was once a geeky skeletal framework. In fact in either case, it's not the coin itself that is geeky but rather the underlying technology. The task at hand is to bring the technology to the masses which is an evolutionary process.

I am the masses.  I'm interested i'm Monero due to the involvement of people I respect.  I have no computer skills.  My new computer is windows 8.1 with a pentium chip so I wont be mining.  I started using btc over a year ago.  I have never downloaded the blockchain as I have only used the electrum wallet.  I have considered purchasing XMR but the process of downloading, setting up, and transferring is daunting.  I don't want use an exchange for storage.  I see that an attempt is being made to make a deterministic wallet.  Will this mean no downloading of the blockchain like electrum?  

Any advice on how to get started with Monero would be appreciated.

[Nekomata]

XMR is the future.

[nioc]

It is supposed to checkpoint to disk, but apparently it didn't. Double check that you don't have a disk problem (out of disk space, etc.) and once it syncs up the next time, type "save" in the daemon window.

Thanks for the tips. This coin really is for geeks (funny thing is - I AM one !). Now I can see why nobody's buying it - it's not even out of alpha yet.

ok, I've downloaded the blockchain but can't find any info as to where I should locate it. If I put it in the same folder as the daemon, then the log entry says 'Unable to load blockchain, creaating genesis block'. On the other hand, if I look in users/AppData/Roaming etc, there's no sign of a Monero folder created by the daemon.

If I downloaded the Windows binaries, do I still need to install any 3rd party support infrastructure (there was on cited on the Wallet download page but I forgot the name right now).

Thanks again for the tips !

EDIT: FOund where the blockchain goes - it's in a folder called 'bitmonero' in roaming, not monero.

Bitcoin itself was once a geeky skeletal framework. In fact in either case, it's not the coin itself that is geeky but rather the underlying technology. The task at hand is to bring the technology to the masses which is an evolutionary process.

I am the masses.  I'm interested i'm Monero due to the involvement of people I respect.  I have no computer skills.  My new computer is windows 8.1 with a pentium chip so I wont be mining.  I started using btc over a year ago.  I have never downloaded the blockchain as I have only used the electrum wallet.  I have considered purchasing XMR but the process of downloading, setting up, and transferring is daunting.  I don't want use an exchange for storage.  I see that an attempt is being made to make a deterministic wallet.  Will this mean no downloading of the blockchain like electrum?  

Any advice on how to get started with Monero would be appreciated.

This tutorial may help you https://monerotalk.org/t/bounty-create-a-useful-tutorial-on-how-to-setup-monero/13/4

Thanks I'll give it a go when I have some time.  Just to reinforce how clueless I am, in 13 years of owning a computer I have never backed up anything   This is another joy with using the electrum wallet, never a need to back it up.  My seeds are safely stored in several secure locations and my btc will live on when I die.

[trankil]

[wallet 47QfFp]: transfer 0 myaderess 12.49 myID
Error: transaction <6b5cd559b44b28b81a813cedfdf17100f85be94d2405a76111c4bf2b93bd
37aa> is too big. Transaction size: 126004 bytes, transaction size limit: 24400
bytes

why i have this error?

i have update to the last version the client

[surfer43]

[wallet 47QfFp]: transfer 0 myaderess 12.49 myID
Error: transaction <6b5cd559b44b28b81a813cedfdf17100f85be94d2405a76111c4bf2b93bd
37aa> is too big. Transaction size: 126004 bytes, transaction size limit: 24400
bytes

why i have this error?

i have update to the last version the client

The transaction is over the max transaction size limit. Try sending in smaller amounts.

[trankil]

and what is the limit ??

[surfer43]

and what is the limit ??

transaction size limit: 24400

[trankil]

what is the limit in amount ,?


look

[wallet 47QfFp]: transfer 0 myadress 2.041 myID
Error: transaction <a26519393400a740e7f4b31985e1a6907600153604cb1e7bf41e9e57159f
d2c3> is too big. Transaction size: 61901 bytes, transaction size limit: 24400 b
ytes

i really dont understand why i small amount is refuse too

[bengtåke]

what is the limit in amount ,?


look

[wallet 47QfFp]: transfer 0 myadress 2.041 myID
Error: transaction <a26519393400a740e7f4b31985e1a6907600153604cb1e7bf41e9e57159f
d2c3> is too big. Transaction size: 61901 bytes, transaction size limit: 24400 b
ytes

i really dont understand why i small amount is refuse too

The amount might be small but it is the number of inputs that matters, you probably have tons of dust inputs from pool mining

[trankil]

maybe dev can work of this sort of issue?

[smooth]

Your transaction is still a bit over 2x too large. Try something like 0.5 MRO

You can avoid this happening by mining on smaller pool.

what is the limit in amount ,?


look

[wallet 47QfFp]: transfer 0 myadress 2.041 myID
Error: transaction <a26519393400a740e7f4b31985e1a6907600153604cb1e7bf41e9e57159f
d2c3> is too big. Transaction size: 61901 bytes, transaction size limit: 24400 b
ytes

i really dont understand why i small amount is refuse too