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

[Skinnkavaj]

hello guys, i am looking for a financial advice.

i got most of my crypto money inside xmr. normaly its not a problem, since i watch everything that is going on very closely and can react immediately.
but now, i will be on holiday for like 3 weeks, what do you recomend me to do?/quote]http://david.latapie.name/blog/extended-10200-strategy/

Just hold. 0.004 is really too low. I think we will stabilize on atleast 0.01 any day, possible higher.

[drawingthesun]

Is there some group dedicated on developing monero-based services? Is there a development team working to make Monero significant?

The code needs some work still before merchants start accepting it. Once the core code has it's bandwidth QoS fixed and the blockchain is put into a db, then we might start seeing some viable development for Monero based services.

I hope.

[nakaone]

when does the new weekly overview come?

[uvt9]

When can we expect the next weekly missive? And do anyone know when we will see the new website?

two recent missives came out closely together (20th and 23th), so i believe next missive will be released next few days.

[tacotime]

Is there some group dedicated on developing monero-based services? Is there a development team working to make Monero significant?

There are a lot of people who want to make services. Developers I talk to about how to do them. However, so far, I've warned a lot of people against the creation of services until we've implemented proper privacy services and the database. We're making good headway into statistical analysis of the privacy features now and will roll out fixes soon.

[cAPSLOCK]

Is there some group dedicated on developing monero-based services? Is there a development team working to make Monero significant?

There are a lot of people who want to make services. Developers I talk to about how to do them. However, so far, I've warned a lot of people against the creation of services until we've implemented proper privacy services and the database. We're making good headway into statistical analysis of the privacy features now and will roll out fixes soon.

Nutshell on how database is coming?

[cAPSLOCK]

Monero Enthusiasts.  Please remember as this is not a coin which pays developers out of a premine or other unfair distribution arrangement it is therefore currently a donation funded project.  The donation addresses (XMR and BTC) are in the OP.  There is also a thread started by rpietila which gives a permanent record of the supporters of this project:

https://bitcointalk.org/index.php?topic=700400.0

I personally believe it is important to do even a small thing to help this project continue at the best pace possible.

[Anon136]

Is there some group dedicated on developing monero-based services? Is there a development team working to make Monero significant?

There are a lot of people who want to make services. Developers I talk to about how to do them. However, so far, I've warned a lot of people against the creation of services until we've implemented proper privacy services and the database. We're making good headway into statistical analysis of the privacy features now and will roll out fixes soon.

Nutshell on how database is coming?

I know this is intended to eliminate the need to load the blockchain into ram but will it do anything to address the size of the blockchain? either the size that it is now or the rate at which it is growing.

[smooth]

I know this is intended to eliminate the need to load the blockchain into ram but will it do anything to address the size of the blockchain? either the size that it is now or the rate at which it is growing.

Potentially the on-disk size may be reduced (both initial size and growth rate), but we don't know how much yet (and probably not in the initial release). The original upstream implementation is as much as 2-2.5x larger than it needs to be.

[bigtimespaghetti]

Just thought I'd chime in and say I'm happy to accept XMR as payment for my pure silver 'Goxxed' coins here:

https://bitcointalk.org/index.php?topic=508380.0



New silver strikes are laser engraved with purity and number.

PM me if you're interested

[tacotime]

Nutshell on how database is coming?

Tewinget hasn't pushed commits on it lately, he's been moving and so hasn't been around much. He'll be back soon. It's a major architectural overhaul, so it'll be a little.

[tacotime]

I know this is intended to eliminate the need to load the blockchain into ram but will it do anything to address the size of the blockchain? either the size that it is now or the rate at which it is growing.

Potentially the on-disk size may be reduced (both initial size and growth rate), but we don't know how much yet (and probably not in the initial release). The original upstream implementation is as much as 2-2.5x larger than it needs to be.

Well, that's partially true, but I think we do need two databases, one for blocks themselves (keyed to header hash) and one for transactions (keyed to txid). The one for transactions can hopefully eventually be replaced by one for utxos that has most of the tx themselves pruned. But for now I'd guess the databases will store information like this, for rapid verification of payments.

[smooth]

I know this is intended to eliminate the need to load the blockchain into ram but will it do anything to address the size of the blockchain? either the size that it is now or the rate at which it is growing.

Potentially the on-disk size may be reduced (both initial size and growth rate), but we don't know how much yet (and probably not in the initial release). The original upstream implementation is as much as 2-2.5x larger than it needs to be.

Well, that's partially true, but I think we do need two databases, one for blocks themselves (keyed to header hash) and one for transactions (keyed to txid). The one for transactions can hopefully eventually be replaced by one for utxos that has most of the tx themselves pruned. But for now I'd guess the databases will store information like this, for rapid verification of payments.

This is fixed with normalization. For example, the blocks include the transactions but you don't need to store the transactions twice.

[Crypto_EX]

does claymore's miner really shave off 20% ontop of the 5%  ? i think i'm missing an extra 1 monero from my mining revenue today like i should have gotten 6 moneros today but i only got 5 !!

i heard that guy who made the miner is not honest and is stealing from us and has the fees set higher than 5% more like 25% 

[kyma]

any roadmap for a graphical interface?

[Dogeshop_eu]

Why diff has risen so much? Any new miner or just the coin become more and more popular ?

[r05]

any roadmap for a graphical interface?

There are several GUIs already out there..

[RentaMouse]

Why diff has risen so much? Any new miner or just the coin become more and more popular ?

Its nice and easy to track as the block difficulty is directly related to the hashrate, here's the graph http://monerochain.info/charts/hashrate

The rise from July 15th to 19th is likely linked to the pump up to nearly 0.006BTC/XMR around that time, the climb over the last two weeks has been less spectacular but consistent.

I havent discussed it much with other pool admins but the only miner improvements recently have been for Nvidia cards, I'm not sure they are significant enough to explain the rise unless they have made the XMR ROI better than other altcoins. In fact I'm not sure what the return is like compared to other coins/algos currently.

It seems that botnets still comprise around 25-50% of the hashrate (I'm not going to debate whether that is "a bad thing" right now), which makes a lot of infected PCs - I wonder if more AV suites and MS Defender will be adding miner sigs to their malware lists and starting to kill that off, but that's probably being too optimistic about the bot owners security practices...

Unfortunately despite the rise in hashrate it still seems to be concentrated on a few pools, which is certainly a bad thing. Seems all those big coloured text pool ads failed to achieve much other than get pool ads banned

I'd like to think the recent rise is down to lots of new Monero adopters but I suspect its a smaller number of miners discovering its a more reliable income than swapping altcoin/algo every couple of days.

[smooth]

In fact I'm not sure what the return is like compared to other coins/algos currently.

What are the biggest competing GPU coins (measured in number of GPUs)?

[PestoQuinty]

does claymore's miner really shave off 20% ontop of the 5%  ? i think i'm missing an extra 1 monero from my mining revenue today like i should have gotten 6 moneros today but i only got 5 !!

i heard that guy who made the miner is not honest and is stealing from us and has the fees set higher than 5% more like 25% 

When you start mining on some XMR pool, it takes few hours for your coins to be credited as it takes many more confirmations to credit mined coins opposed to when you send coins from one place to another. It is possible you will get that extra 1 XMR few hours after you stop mining (i dont encourage you to stop).