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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548504 times)
smooth
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August 23, 2014, 09:09:20 PM
 #11781

Wouldn't an order of magnitude increase in fees effect all the 0.1 XMR payments from the mining pools?

Not directly. They pay out multiple users at one time, which means one fee, not one fee for each 0.1 XMR payment. When users spend the 0.1 payments, they generally combine several of them into one payment, so again one fee. So the higher fee is still possible workable without other changes. Pools may wish to increase their minimum payouts or let users set higher minimum payouts to reduce fees though.

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August 23, 2014, 09:11:53 PM
 #11782

ADD: It should be blatantly obvious that we don't want to sell 100 GB of blockchain space for $41k. Do the math dudes, for the sake of Monero!

It is being increased immediately to stop the attack. We will later introduce per-kb fees to address the issue in a more nuanced manner (many ordinary transactions are fairly small so they don't need to pay as much as needed to mitigate attacks using 24 KB transactions). However, ultimately the fees seem to need to be quite a bit higher than $0.01 based on experience with spam attacks on other coins such as LTC.

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August 23, 2014, 09:19:28 PM
 #11783

ADD: It should be blatantly obvious that we don't want to sell 100 GB of blockchain space for $41k. Do the math dudes, for the sake of Monero!

For those that lurk in #monero-dev -


[23:12:40] monero (~monero@192.30.252.43) joined the channel.
[23:12:40] monero: [bitmonero] fluffypony opened pull request #104: Fees temporarily bumped to 0.1 XMR per tx to prevent spam attack (master...master) http://git.io/9_lUdA
[23:12:40] monero (~monero@192.30.252.43) left the channel.
[23:12:55] monero (~monero@192.30.252.32) joined the channel.
[23:12:56] monero: [bitmonero] fluffypony closed pull request #104: Fees temporarily bumped to 0.1 XMR per tx to prevent spam attack (master...master) http://git.io/9_lUdA
[23:12:56] monero (~monero@192.30.252.32) left the channel.
[23:13:01] @fluffypony: oh well, at least they tried

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August 23, 2014, 09:22:03 PM
 #11784

ADD: It should be blatantly obvious that we don't want to sell 100 GB of blockchain space for $41k. Do the math dudes, for the sake of Monero!

For those that lurk in #monero-dev -


[23:12:40] monero (~monero@192.30.252.43) joined the channel.
[23:12:40] monero: [bitmonero] fluffypony opened pull request #104: Fees temporarily bumped to 0.1 XMR per tx to prevent spam attack (master...master) http://git.io/9_lUdA
[23:12:40] monero (~monero@192.30.252.43) left the channel.
[23:12:55] monero (~monero@192.30.252.32) joined the channel.
[23:12:56] monero: [bitmonero] fluffypony closed pull request #104: Fees temporarily bumped to 0.1 XMR per tx to prevent spam attack (master...master) http://git.io/9_lUdA
[23:12:56] monero (~monero@192.30.252.32) left the channel.
[23:13:01] @fluffypony: oh well, at least they tried


In other words, if you run a pool, pull master from github ASAP. If you know someone who runs a pool, please make sure the message is passed along ASAP. It is important to get as many pools updated as quickly as possible.

New wallet release binaries, etc. are on the way.

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August 23, 2014, 09:38:04 PM
 #11785

why does this matter? don't they have to pay higher tx fee for higher mixing count? Isn' this equivalent to if a whole bunch of people were using xmr as a currency

Current tx fees are very low to keep XMR accessible to all users (about 1 cent per 24.4 KB), but would allow a user with bad intentions to spam about 300 MB into the blockchain each day. Someone has decided to abuse our blockchain in an act of malevolence.

We will be deploying immediate patches to pools to cope with this update. Expect a mandatory update today.


aye aye capn'
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August 23, 2014, 09:42:34 PM
 #11786

I hope pools will follow and apply this update as soon as possible. We all responsible for this coin.
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August 23, 2014, 09:42:59 PM
 #11787

Monero devs kick ass noone can even deny it anymore. Attack the block chain and they are on it within minutes, a whole team of them. Fuck yes
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August 23, 2014, 09:43:59 PM
 #11788

I hope pools will follow and apply this update as soon as possible. We all responsible for this coin.


it is rare that I can do anything for xmr other than buying and holding but in this case I am practically spamming pool devs to help make sure they switch over ASAP you can help too
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August 23, 2014, 10:23:52 PM
 #11789

Over and above updating, either from my repo (http://github.com/fluffypony/bitmonero) which I won't rebase for the next couple of weeks or from the main repo, if pool operators and solo miners could also delete their poolstate.bin before restarting the daemon. This will ensure that the several hundred silly spammy tx's already in the mempool are kicked out by virtue of being silly.

To wit: update and compile; stop the daemon and simplewallet; delete poolstate.bin from ~/.bitmonero or the Windows equivalent; replace the daemon and simplewallet; restart the daemon and simplewallet.

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August 23, 2014, 10:26:06 PM
 #11790

Over and above updating, either from my repo (http://github.com/fluffypony/bitmonero) which I won't rebase for the next couple of weeks or from the main repo, if pool operators and solo miners could also delete their poolstate.bin before restarting the daemon. This will ensure that the several hundred silly spammy tx's already in the mempool are kicked out by virtue of being silly.

To wit: update and compile; stop the daemon and simplewallet; delete poolstate.bin from ~/.bitmonero or the Windows equivalent; replace the daemon and simplewallet; restart the daemon and simplewallet.

Important note:

Make sure to do it in this order:

1. Stop bitmonerod

2. Delete file poolstate.bin

3. Start (updated) bitmonerod

If you delete the file while bitmonerod is running, it will be recreated with the old spam transactions still in it.
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August 23, 2014, 10:40:43 PM
 #11791

Current tx fees are very low to keep XMR accessible to all users (about 1 cent per 24.4 KB)

There is no known legitimate uses that require low transaction fees to be profitable. I am happy to raise them 5-10 times higher and when someone comes to me giving a factual example how his monero use actually suffers due to the fees, I will support him from my own pocket, considering this as a donation to monero ecosystem.

ADD: It should be blatantly obvious that we don't want to sell 100 GB of blockchain space for $41k. Do the math dudes, for the sake of Monero!

Ok, dude, we are pool ops and we are paying tx fees from our profits. Now, when fee raised 20 times, it's significant impact. We just not ready.
BTW, you can donate to https://github.com/zone117x/node-cryptonote-pool so he will collaborate with devs in order to provide smooth migration for both miners and pool ops when major update to tx fees come.
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August 23, 2014, 10:49:55 PM
 #11792

is there a tx delay due to spam?
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August 23, 2014, 10:51:05 PM
 #11793

aside from speculation (exchanges) we have exactly one medical practice and one gambling site.
As well as two contractants: a chef and a servant (although it was only partially paid in XMR).

i bought a delectable painting for 2000 xmr.   the artist is paying rent in xmr.

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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August 23, 2014, 10:52:52 PM
 #11794

is there a tx delay due to spam?

Did you send with 0.005 fee? Pool or solo miner with old daemon have to include your low-fee tx in a block. Not all pools updated yet so expect your coins soon.
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August 23, 2014, 10:55:42 PM
 #11795

is there a tx delay due to spam?

Yes.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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August 23, 2014, 10:56:00 PM
 #11796

is there a tx delay due to spam?

Yes there is. There are several hundred spam transactions waiting for confirmation, yours is likely waiting with them.

Your transaction will probably confirm eventually. If not (after 24 hours) you will need to resend it using the updated wallet with increased fee.
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August 23, 2014, 10:57:48 PM
 #11797

There is now a mandatory update committed to head.

https://github.com/monero-project/bitmonero/commit/1b8a68f6c1abcf481652c2cfd87300a128e3eb32#diff-d41d8cd98f00b204e9800998ecf8427e

Update now, especially pool owners.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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August 23, 2014, 10:58:47 PM
Last edit: August 24, 2014, 07:43:20 AM by statdude
 #11798

Monero/XMR Unofficial Distribution Survey


https://docs.google.com/forms/d/10FFq_viVaY_THsToPNEwgTxrBSGVxW1EzeYPHX_2nuQ/viewform?usp=send_form

The goal of this survey is to provide an exactly, up-to-date distribution list to the XMR community, mostly for entertainment/observation purposes.

I will admin the user list to avoid any duplicates or fake entries. I will pledge to keep the list my eyes only.

Charts, analysis, and results coming soon - please participate - you can edit your response in the future, save the link to do so!


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  Website
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Whitepaper
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August 23, 2014, 10:59:10 PM
 #11799

Ok, dude, we are pool ops and we are paying tx fees from our profits. Now, when fee raised 20 times, it's significant impact. We just not ready.
BTW, you can donate to https://github.com/zone117x/node-cryptonote-pool so he will collaborate with devs in order to provide smooth migration for both miners and pool ops when major update to tx fees come.

We will be fixing this in the near future and are sorry for the inconvenience. However, keep in mind that people will also be paying you 0.1 XMR per transaction that you include in your block, so you may actually make more money than lose it by upgrading.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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August 23, 2014, 11:03:29 PM
 #11800

Ok, dude, we are pool ops and we are paying tx fees from our profits. Now, when fee raised 20 times, it's significant impact. We just not ready.
BTW, you can donate to https://github.com/zone117x/node-cryptonote-pool so he will collaborate with devs in order to provide smooth migration for both miners and pool ops when major update to tx fees come.

We will be fixing this in the near future and are sorry for the inconvenience. However, keep in mind that people will also be paying you 0.1 XMR per transaction that you include in your block, so you may actually make more money than lose it by upgrading.

Yeah, I totally forgot about this. Probably valid if you keep txfees. Let's see.

Thanks, guys, for quick strike back.
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