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

[florida.haunted]

Price is "low" because of the inflation rate and we expect it to be that way for quite some time still, with a low rise, one feature at a time. The "low price" is more than three times what it was when it landed on Poloniex.
I am a dev, I am here. I read everything. Most of the time, I remain silent because we believe a community must be able to stand by itself. You want us to babysit you? Go buy another coin. Read the manual. When was the last time I read a newbie mentionning he read the manual before badmouthing the wallet? (answer: last week).
Something positive though:
- the more people are coming into Monero, the worse the signal-to-noise ratio (hint for those who don't understand signal-to-noise ratio: google for the term, I won't babysit you). So if we have a low SNR, this means that we are enjoying success.
- "low" price => wider spread of monero

About being late: to be late, you must have given some deadline and failed to deliver. We don't provide deadline, out of "one missive per week" - no, this doesn't mean we're "going Debian" either.

About official support man: there is none and this is good. There are two major teams: core team (monero account) and extended team (monero-extended account). Oftentimes, members of both teams reply with their own nick (and this is good too).

Official status: there is the "description" field in profile and there is the signature. No need for something else.

You want to get sortta rich quick? Go elsewhere. You want to get real rich in two years (expected time for the effects of inflation to get lower)? Hold your coins. You want to get a lot of XMR coins? Either buy with fiat from your source of regular income (salary, welfare...), ride the pump and dump waves at your own risk or invest in creator of store of values (see my sig)

You want to participate in the development of monero? I assume if you want and can, you'll figure out by yourself how to do it.

Snobbery is good, if you can prove it to society, directly or indirectly. There should be clear sticky FAQ, and clear other things, with clear heartbeat and feedback. Sorry my English, I am not English speaking...

For example, in light of this thread:

https://bitcointalk.org/index.php?topic=673203

you, being official core team, should clearly deliver why Monero is better than any other Cryptonote fork including reference implementation from official Cryptonote technology creators. This deliverance should be bold & sticky.

[David Latapie]

- "low" price => wider spread of monero

I am afraid I don't believe this one. Low price just means fewer miners and buyers. High price is higher spread, which is good.

Thank you for putting a new light on this question. I will consider it.

Having said in May that I like it at 0.004 and like a lot at 0.002 but would not buy over 0.010 (because it will come down so I can continue buying)

As for me, since I am using your Sane and Simple Saving method, I might stop buying much before .0.01 (ROI happens at 0.08), at least not now and probably not this year.

About official support man: there is none and this is good. There are two major teams: core team (monero account) and extended team (monero-extended account). Oftentimes, members of both teams reply with their own nick (and this is good too).

Actually this might be a good idea to have! Just a technical guy who is reachable by chat from the XMR webpage. Most of the newbie questions can be answered by someone who is not in dev level right (and I know at least one person who had several devs helping him to install a wallet with no success still to this day.... )

This is the case on #monero. We may consider a web-to-irc bridge once the new website comes out (maybe to a specific #monero-help chan with strict policies about no casual chatting, short questions... Just a thought.
A regular FAQ is also considered.

[drawingthesun]

Price is "low" because of the inflation rate and we expect it to be that way for quite some time still, with a low rise, one feature at a time. The "low price" is more than three times what it was when it landed on Poloniex.

And before Poloniex, it was already regarded as "high" or "pump" in the trading thread by those who had no stake. XMR is still, even at these levels, not a "cheap" coin. It needs to deliver the implicit promises in a timely manner against the exponentially (would be more dramatic to say increasing but that is not correct ) decreasing new mintage coming to the market.

If you don't mind me asking, what implicit promises are being discussed here? The promise to make the CryptoNote software less of a mess and more up to the current standard the Bitcoin core client is in?

[rpietila]

This is the case on #monero. We may consider a web-to-irc bridge once the new website comes out (maybe to a specific #monero-help chan with strict policies about no casual chatting, short questions... Just a thought.
A regular FAQ is also considered.

An acid test would be to set up a help method that is usable by me and my friends. We are representatives of a very big market segment of people in 30s-40s-50s, lots of dough, short attention span, and if not totally inept in technology, at least highly conservative in installing new stuff etc.

#monero does not qualify. Facebook/skype chat does. Email sucks. I am with you if arranging a help line incurs costs. My type of people also do not generally care if help is not free. What we do care is to find help when we need it and that the solution actually works.

If you don't mind me asking, what implicit promises are being discussed here? The promise to make the CryptoNote software less of a mess and more up to the current standard the Bitcoin core client is in?

Well if I am not able to use this coin without assistance before Christmas, I will sell it all and buy doge (if that's still available) what do you think of this shit, man??!?

[dreamspark]

David, I think its imperative that some better help channels are set up, I personally believed that it was all quite straight forward and well documented although I will admit I haven't read through the documentation myself.

 It is a surprise to me that people are struggling in this way. There are plenty of people who would work on a helpline, myself included, that aren't part of the core dev team but can certainly handle the majority of questions. Particularly if its an extension of the help we already provide on IRC. I don't believe it would be particularly difficult to set up some sort of help methods and more so if Risto is offering to be a test of whatever methods the dev team find appropriate.

[David Latapie]

An acid test would be to set up a help method that is usable by me and my friends. We are representatives of a very big market segment of people in 30s-40s-50s, lots of dough, short attention span, and if not totally inept in technology, at least highly conservative in installing new stuff etc.

#monero does not qualify. Facebook/skype chat does. Email sucks. I am with you if arranging a help line incurs costs. My type of people also do not generally care if help is not free. What we do care is to find help when we need it and that the solution actually works.

David, I think its imperative that some better help channels are set up, I personally believed that it was all quite straight forward and well documented although I will admit I haven't read through the documentation myself.

 It is a surprise to me that people are struggling in this way. There are plenty of people who would work on a helpline, myself included, that aren't part of the core dev team but can certainly handle the majority of questions. Particularly if its an extension of the help we already provide on IRC. I don't believe it would be particularly difficult to set up some sort of help methods and more so if Risto is offering to be a test of whatever methods the dev team find appropriate.

I'm finishing a quick FAQ and will think about just after that.

[matrixsu]

Claymore damping coin every day

[dreamspark]

Claymore damping coin every day

Claymore is an issue yes but even if half the coins being mined are being done so with his miner (which I doubt) its still only 560ish coins a day or 2 BTC ish. Hardly market moving. This is just noobs selling and whales accumulating.

[florida.haunted]

Claymore damping coin every day

What's the performance of it's closed source miner vs. open source one? I think we speak about AMD miners. But also, what about Nvidia open source miner, ccminer? It delivers me 200-210 H/s only upon nVidia 750 ti

[matrixsu]

we want miner without 5,5% fee

[silvo]

ehi guys,
like this?

New Monero Pool for CPU/GPU

xmr.darktech.org port 3333,5555,7777

EU server

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happy mining with  Simpleminer & Cryptonoteminer

mining configuration ex:

Code:

 minerd -a cryptonight -o stratum+tcp://xmr.darktech.org:3333 -u address -p x 

New Features in next days!

[RentaMouse]

This is the case on #monero. We may consider a web-to-irc bridge once the new website comes out (maybe to a specific #monero-help chan with strict policies about no casual chatting, short questions... Just a thought.
A regular FAQ is also considered.

An acid test would be to set up a help method that is usable by me and my friends. We are representatives of a very big market segment of people in 30s-40s-50s, lots of dough, short attention span, and if not totally inept in technology, at least highly conservative in installing new stuff etc.

#monero does not qualify. Facebook/skype chat does. Email sucks. I am with you if arranging a help line incurs costs. My type of people also do not generally care if help is not free. What we do care is to find help when we need it and that the solution actually works.

I appreciate what you are saying about support, my day job involves providing IT support to high value professionals (amongst other things) and it is a completely different service to the mass-market who will put up with lower quality free support. For reference that UK based adhoc HVP support costs £1.50 (bit over $2) per minute, although that includes a significant business overhead it does mean all the boring legal stuff etc is covered.

Out of interest have you tried #monero through one of the web-IRC gateways on most of the mining pools? I'm just wondering whether it is accessing IRC which is the problem, or the text based interface.

[HashInvest]

Join pool http://hashinvest.net. I take care of this pool all the time.
Stable pool with instant online support.

[ZuSinus]

32bit wallet does not work. Stopped on the block 109291.

[florida.haunted]

32bit wallet does not work. Stopped on the block 109291.

It will never work again. Forget it and migrate to 64 bit wallet. Instructions see earlier this thread being bold font, posted by me.

[David Latapie]

I finished the short FAQ. I am not particularly proud of it but here it is.

Now I will consider the helpline idea.

[dga]

gpu mining destroyed the coin value
everyday its lower and lower

Just look at the net hash and difficulty, both are still climbing, this is like the coiled spring you see after any crypto has a big run up. Wont take much for the price to rocket and sellers at this price to be caught with their pants down.

Not really. 

(a)  If you believe the IRC chatter, the botnets are catching on.

(b)  The cryptonotes in general, and XMR/BBR in particular, have been unreasonably profitable to mine, and this can't last.

"Unreasonably" meaning that they've been more than a factor of two or three more profitable than other coins, while having a smaller marketshare than other GPU-based coins.  This means it's simply a matter of time before more miners re-point their rigs to XMR/BBR, and the diff will go up.  What's been preventing them has been the technical difficulties of running CryptoNote for people used to bitcoin-clones, and the "first mover" advantage of people hopping on to these coins at the beginning.

The price is not a function of the diff.  The diff is a function of the price.

[Anon136]

The price is not a function of the diff.  The diff is a function of the price.

in general yes but it works both ways. a more difficult coin is a more secure coin. a more secure coin, all other things being equal, is a more valuable coin.

[dga]

we want miner without 5,5% fee

Don't forget the pony.

[dreamspark]

gpu mining destroyed the coin value
everyday its lower and lower

Just look at the net hash and difficulty, both are still climbing, this is like the coiled spring you see after any crypto has a big run up. Wont take much for the price to rocket and sellers at this price to be caught with their pants down.

Not really.  

(a)  If you believe the IRC chatter, the botnets are catching on.

(b)  The cryptonotes in general, and XMR/BBR in particular, have been unreasonably profitable to mine, and this can't last.

"Unreasonably" meaning that they've been more than a factor of two or three more profitable than other coins, while having a smaller marketshare than other GPU-based coins.  This means it's simply a matter of time before more miners re-point their rigs to XMR/BBR, and the diff will go up.  What's been preventing them has been the technical difficulties of running CryptoNote for people used to bitcoin-clones, and the "first mover" advantage of people hopping on to these coins at the beginning.

The price is not a function of the diff.  The diff is a function of the price.

Point b simply isn't true refer to the production cost discussed earlier in this or Ristos thread, in fact you were involved with the conversation at the time. For the vast majority of the last say two months XMR has been -ev to mine regarding production costs. I also explained how I know the majority of the network and its not botnets...

Furthermore if more people start pointing their GPU's (again GPU's are v close to cost of running CPU's) at XMR then that again negates the botnet aspect you speak of.


"The price is not a function of the diff.  The diff is a function of the price."

That depends really. If a coin has a higher diff you get less per $ when mining thus you have to get more $ per coin to cover your costs.