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

[HashInvest]

Guys, spread hashrate. http://xmr.hashinvest.net / 0.75% FEE

[hedgy73]

Massive DDOS on all big pools.
Everything is down.

Thanks for fast update.
When can we expect it back in order?

When the DDOSer who is probably a big miner realize that killing the pools is bad for XMR reputation and it might affect the price negatively, therefore his profit.

Exactly! Only reason pools are being attacked is because of big solo miners or other pools / private pools being greedy. Fuck them go solo

[superresistant]

Massive DDOS on all big pools.
Everything is down.

Thanks for fast update.
When can we expect it back in order?

When the DDOSer who is probably a big miner realize that killing the pools is bad for XMR reputation and it might affect the price negatively, therefore his profit.

Exactly! Only reason pools are being attacked is because of big solo miners or other pools / private pools being greedy. Fuck them go solo

I like the spirit of solo mining but variance is a bitch and people are not gonna mine for free.
We need pools to provide a flat reward among miners according to their hashing power.

Without pools, only few rich bot-miners will get the reward.
If miners perceive the reward as unfair, the coin die.

[AceCobra1]

Massive DDOS on all big pools.
Everything is down.

Thanks for fast update.
When can we expect it back in order?

When the DDOSer who is probably a big miner realize that killing the pools is bad for XMR reputation and it might affect the price negatively, therefore his profit.

How come it still says the network hash is 13MH/s when the largest mining pool is down? I mean surely it would be 13 - 4 = 9MH/s now ?

[superresistant]

Massive DDOS on all big pools.
Everything is down.

Thanks for fast update.
When can we expect it back in order?

When the DDOSer who is probably a big miner realize that killing the pools is bad for XMR reputation and it might affect the price negatively, therefore his profit.

How come it still says the network hash is 13MH/s when the largest mining pool is down? I mean surely it would be 13 - 4 = 9MH/s now ?

I don't now how is the total hashrate is calculated so I cannot make conclusions. It could be updated every xx hours.

[hedgy73]

Massive DDOS on all big pools.
Everything is down.

Thanks for fast update.
When can we expect it back in order?

When the DDOSer who is probably a big miner realize that killing the pools is bad for XMR reputation and it might affect the price negatively, therefore his profit.

Exactly! Only reason pools are being attacked is because of big solo miners or other pools / private pools being greedy. Fuck them go solo

I like the spirit of solo mining but variance is a bitch and people are not gonna mine for free.
We need pools to provide a flat reward among miners according to their hashing power.

Without pools, only few rich bot-miners will get the reward.
If miners perceive the reward as unfair, the coin die.

I agree totally. However if solo miners were allowed to mine a coin without pools then its upto the individual to how much hash power they are prepared to give whether it paid or not.

Pools have ruined most coins like it or not especially multi-pools. Go back a few years that'll do me

[MoneroMooo]

Pools have ruined most coins like it or not especially multi-pools. Go back a few years that'll do me

How so ? Being a newcomer, I thought pools were about decreasing the variance...

[superresistant]

Pools have ruined most coins like it or not especially multi-pools. Go back a few years that'll do me

How so ? Being a newcomer, I thought pools were about decreasing the variance...

He talks about multi-pools. It doesn't exist on Monero (yet).
A multi-pool mine altcoins and dump them automatically to only pay Bitcoins.

[eizh]

it offers liquidity, security, privacy, fungibility, fairness, recognition and deflation in a single package.

Disinflation, not deflation. XMR's emission curve benefits come in strongly right around the 2-year mark. Meanwhile, most of the 'competition' consists of 3 to 7 day PoW followed by PoS. DRK with all its shady supply tricks is almost benign compared to this new breed of shitcoins.

[hedgy73]

it offers liquidity, security, privacy, fungibility, fairness, recognition and deflation in a single package.

new breed of shitcoins.

Certainly not a shitcoin. Much more to offer

[hedgy73]

Pools have ruined most coins like it or not especially multi-pools. Go back a few years that'll do me

How so ? Being a newcomer, I thought pools were about decreasing the variance...

He talks about multi-pools. It doesn't exist on Monero (yet).
A multi-pool mine altcoins and dump them automatically to only pay Bitcoins.

Did I say there was a monero multi-pool?

No, I said multi-pools were killing coins....

Sorry to disagree with you but I stand by what I said....

[twospirit]

Jun-18 07:58:32.970145 bitmonero v0.8.8.1(0.1-g328a52a)
2014-Jun-18 07:58:32.975145 Module folder: C:\monero.win.x64.latest2\bitmonerod.exe
2014-Jun-18 07:58:32.980145 Initializing p2p server...
2014-Jun-18 07:58:32.985145 ERROR c:\temp\monero\git-experimental\bitmonero-0.8.8update-x64\src\p2p\net_node.inl:82 Exception at [node_server::init_config], what=invalid signature
2014-Jun-18 07:58:32.995145 ERROR c:\temp\monero\git-experimental\bitmonero-0.8.8update-x64\src\p2p\net_node.inl:204 Failed to init config.
2014-Jun-18 07:58:33.005145 ERROR ..\..\src\daemon\daemon.cpp:148 Failed to initialize p2p server.
2014-Jun-18 07:58:33.010145 Mining has been stopped, 0 finished

can someone help with this?

[owlcatz]

DRK with all its shady supply tricks is almost benign compared to this new breed of shitcoins.

Can you elaborate on why you believe that XMR is a new breed of shitcoin? I'm actually interested in your opinion. thanks.

[fluffypony]

is Monero network under maintenance?
Because:
1. Rewards are delayed
2. My hashrates half-ed
3. To many errors everywhere

Massive DDOS on all big pools.

Everything is down.

"Everything" is not down.

http://monerochain.info - blocks are still averaging around a minute between blocks.

Pools being DDoS'd does not affect the network.

[fluffypony]

DRK with all its shady supply tricks is almost benign compared to this new breed of shitcoins.

Can you elaborate on why you believe that XMR is a new breed of shitcoin? I'm actually interested in your opinion. thanks.

He's on the Monero core team, that's very much NOT what he was saying;)

The "new breed of shitcoin" he's referring to is in his previous sentence: "Meanwhile, most of the 'competition' consists of 3 to 7 day PoW followed by PoS."

[owlcatz]

DRK with all its shady supply tricks is almost benign compared to this new breed of shitcoins.

Can you elaborate on why you believe that XMR is a new breed of shitcoin? I'm actually interested in your opinion. thanks.

He's on the Monero core team, that's very much NOT what he was saying;)

The "new breed of shitcoin" he's referring to is in his previous sentence: "Meanwhile, most of the 'competition' consists of 3 to 7 day PoW followed by PoS."

Ah, my bad, so sorry!! I completely missed that part, and I do agree, those coins are shit!.. Thanks for correcting me!

edit - they should rename PoS as EoL, for End Of Life...

[eizh]

it offers liquidity, security, privacy, fungibility, fairness, recognition and deflation in a single package.

new breed of shitcoins.

Certainly not a shitcoin. Much more to offer

I was referring to CloakCoin, CryptCoin, KoreCoin, etc.  It's downright formulaic. X11/X13 PoW over a few days + PoS + "whitepaper" claiming anonymity. Thanks to the greater fool theory, this actually works (for a limited time).

[AceCobra1]

Looks like someone selling thier monero - is that to do with the DDOS ?

[owlcatz]

Looks like someone selling thier monero - is that to do with the DDOS ?

no doubt. bittrex is crashing hard a bit as well .... i'm holding tho, i don't care if i lose a few $ overnight, it will bouce back!

[RentaMouse]

The network hash rate you see on the pool stats etc is calculated from the block difficulty, which is adjusted every block to try and keep the generation time at 60secs. It will only change by a certain max amount each block though, so 3-4MH/sec being taken off the network will not be apparent for some time. To benefit from a DDoS attack a rival miner would have to keep up the DDoS for a while, and it tends to cancel itself out as miners move (temporarily) to other pools, so its debatable what they achieve apart from costing pool operators money trying to mitigate the attacks.

http://cryptonotepool.org.uk welcomes miners who want to spread their hash around, plenty of capacity at the moment although we may well cap it at 5% of the network (if it ever gets that popular!) to avoid being a DDoS target. Pool server is nice and stable, made some improvements to the code so the daemons dont have to restarted all the time, so miners get the most from their hashpower