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

[smooth]

Seems a fair hold-off point. Is there a market solution?

If they want to run their internals in BTC but take external XMR payments they will need a payment processing service with conversion. This will likely come in time but I'm not aware of any such service offered currently.

As they said of course, a separate XMR-denominated site is another option. Demand will dictate which if any service providers do this, so let them know if you want it.

[papa_lazzarou]

I tried this, and it has been saying "pending evaluation for over an hour.  Maybe because this is my first time setting up an EC2 instance?

The price for the spot instances is rising. Perhaps you did not bid high enough?

EDIT:
Maybe we are already competing with ourselves. Please try other types of instances. CPU only.

This is a run down of the prices (usd) as of a while ago for reference.

Code:

Type		Us-west		Us-east		Eu-west		Ap-southeast	Ap-northeast	Sa-east
g2.2xlarge	0.0645-0.0657	0.0653		0.0802		0.0802-0.0889	0.0473-0.0496	-
r3.8xlarge	0.3 – 0.5	0.2675-0.3384	0.3906-0.7		0.3967-0.4186	0.3236-0.3414	-
r3.4xlarge	0.1285		0.1281-0.132	0.161			0.1615-0.1667	0.1831-0.217	-
r3.2xlarge	0.0643		0.0641		0.0801		0.0802-0.0802	0.0813			-
m3.2xlarge	0.0642-0.9001	0.0641-2	0.0811		0.0873		0.4557-3		0.0931-1.224
m3.xlarge	0.0321-1.8	0.0321-0.7	0.0401		0.0402		0.0568-0.6841	0.0574-1.5
cr1.8xlarge	0.37-0.76	0.4-5.25	3.75			-			0.3207-0.3653	-
cc2.8xlarge	0.254		0.2567		0.3205-2.7		-		0.3205		-
c3.8xlarge	0.26-0.286	0.26-9.6	0.3796-2.73	0.3434-0.5326	0.7			0.391
c3.4xlarge	0.1286-0.1451	0.1304-4.8	0.1687		3-4.8			0.1602-0.1879	0.1657
c3.2xlarge	0.069-0.071	0.0642-2.4	0.083			0.0807-0.0956	0.0809		0.0874
cg1.4xlarge	-		2.1		2.36			-			-                      -
m3.large	0.0161		0.0161		0.0201		0.0201		0.0201		0.306
c3.large	0.0161		0.0161		0.0201		0.0161		0.0201		0.0202
c3.xlarge	0.034		0.0323		0.0401		0.0402		0.0401		0.0507
r3.large	0.0161		0.0161		0.0201		0.0202		0.0203		-
r3.xlarge	0.0321		0.0321		0.0401		0.0403		0.0413		-
t1.micro	0.0031		0.0031		0.0031		0.0031		0.0031		0.0031

None of them are profitable except they are because we are helping securing the network.


Any one knows of a way to have a full node start mining automatically upon launch?

[windjc]

I doubt it. Probably get a little spike from people trying to front run, then they'll sell off slowly as they realize nothing really happened. It might get around .0035 for a while, but it was pretty much headed to .003 when all this happened anyway.

The devs aren't any different than they were a few days ago. Unless you have some new devs I haven't heard about?

There are a host of new people, in MEW and outside, who are contributing to XMR development now. This development boost will definitely not end when this attack threat is over. I am very grateful to this work, mostly donated by members of community that believe standing up to outside threat is not only somebody's duty but that of their own. In decentralized development there are no somebodies. Everyone can contribute and the number of volunteering requests sent has been much more than what we have been able to centrally organize. Therefore people have developed this kind of initiatives (I will add link soon) all by themselves.

As for the market, it may do whatever. I have probably been following it more closely than you, and it seemed to me that it was just about to explode to the upside after making a triple bottom in 370, or especially after the capitulation in 340. When it was resolved to go up, came the "trollbox ultimatum" with known consequences to the price. After combining many trend models, the price should imo be in the 360-400 range now with a strong upward trend. Judging from the fundamentals, much higher.

Congratulations for nomination to be a Boolberry executive! I have also become an executive in MEW. It is important for the lurkers to know where we stand and why I suddenly care to answer to your messages that I have previously ignored due to our personal issues.

Please tell me, which of the Boolberry threads needs my introduction and predictions of the BBR price trends? I am happy to make a counter-visit

Feel free to come over and predict BBR prices anytime you wish. BBR has a main thread. We will have a non-technical/mining thread soon, once a few goodies are put neatly in an upcoming basket. You might notice that BBR currently has over 25% of total supply of BBR coins in existence in bids on Poloniex alone. So we might project what the downside risk to upside potential may be But if you would like to confirm our suspicions, feel free.

I am glad we are talking again. It feels nice. There is too much hostility in crypto. And while we can't all support every coin equally, we can be friendly.

[oda.krell]

[snip]

I on the otherhand have been buying, and will continue to buy.  Not because I'm more clever, but because I have to have more risk tolerance than Risto needs to have.

Completely out of context, but that's a good, concise way to put something that I often try to phrase in a good, concise way.

EDIT: otoh, it's my motivation for trading, not just buying - not xmr though. We're in a strictly 'buy only' relationship :D

[amysun]

Is the blockchain still working?
http://monerochain.info/

[smooth]

Is the blockchain still working?
http://monerochain.info/

The blockchain is fine, that site is down. Try chainradar.com or minergate.com

[h3speros]

[snip]

I on the otherhand have been buying, and will continue to buy.  Not because I'm more clever, but because I have to have more risk tolerance than Risto needs to have.

Completely out of context, but that's a good, concise way to put something that I often try to phrase in a good, concise way.

EDIT: otoh, it's my motivation for trading, not just buying - not xmr though. We're in a strictly 'buy only' relationship

great! this is how i think of it also and more on this topic. if person feels that he needs very much money =D, person should go with bigger risk even if he has much money already. but, before you even start to talk about these things it's very important to try to understand where risk comes from and why you need "very much money"? money is a tool to get something done, but what "something" is worth doing?

[Globb0]

Seems I missed the setup of this MEW while I was on holiday.

Sounds interesting.

[smfuser]

Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?

If there is evidence of an attack or even when an attack seems likely the best thing to do is simply not engage in transactions. The old part of the blockchain will be fine regardless.

We don't find credible the claim of an attack against private keys (see mathematical analysis posted here). Of course we could be wrong, but we will cross that bridge if and when we come to it. No one can guarantee zero risk, but we believe this risk is very low.

You don't need to personally back up your blockchain, if there is an kind of attack against it there will be an update that will recover it just as there was with the last attack, which was likely far more sophisticated in terms of technical knowledge required than anything BCX has in mind, but that is just my guess. It can't hurt though.

Don't panic (ever). Wait for further updates.

Thanks, are you recommending to refrain from any transactions even now, many hours before the alleged start time of the attack (or is there a time later today after which we should hold off)? 

I have not made any specific recommendation other than what I said above, please use your best judgement. We will have another statement later.

Is that only because the attack might start earlier than promised?

Of course it could.

Any estimate of when we should expect "another statement later"?  Before or after the alleged start time of the attack?

To be clear, I wasn't asking whether the attack might start earlier than claimed, which is obvious, but whether that was the only reason to refrain from any transactions now.

[smooth]

Other than mining (preferably solo) and running bitmonerod, is there anything else that regular Monero users can do in the immediate future to help defend against the expected attack tomorrow, or allow faster repair of the damage if any?

If there is evidence of an attack or even when an attack seems likely the best thing to do is simply not engage in transactions. The old part of the blockchain will be fine regardless.

We don't find credible the claim of an attack against private keys (see mathematical analysis posted here). Of course we could be wrong, but we will cross that bridge if and when we come to it. No one can guarantee zero risk, but we believe this risk is very low.

You don't need to personally back up your blockchain, if there is an kind of attack against it there will be an update that will recover it just as there was with the last attack, which was likely far more sophisticated in terms of technical knowledge required than anything BCX has in mind, but that is just my guess. It can't hurt though.

Don't panic (ever). Wait for further updates.

Thanks, are you recommending to refrain from any transactions even now, many hours before the alleged start time of the attack (or is there a time later today after which we should hold off)? 

I have not made any specific recommendation other than what I said above, please use your best judgement. We will have another statement later.

Is that only because the attack might start earlier than promised?

Of course it could.

Any estimate of when we should expect "another statement later"?  Before or after the alleged start time of the attack?

I don't have an estimate at this time

To be clear, I wasn't asking whether the attack might start earlier than claimed, which is obvious, but whether that was the only reason to refrain from any transactions now.

I don't have any information whatsoever about anything unusual happening at this time. As far as I can tell, everything is working perfectly. Hope that helps.

[Bobsurplus]

I doubt it. Probably get a little spike from people trying to front run, then they'll sell off slowly as they realize nothing really happened. It might get around .0035 for a while, but it was pretty much headed to .003 when all this happened anyway.

The devs aren't any different than they were a few days ago. Unless you have some new devs I haven't heard about?

There are a host of new people, in MEW and outside, who are contributing to XMR development now. This development boost will definitely not end when this attack threat is over. I am very grateful to this work, mostly donated by members of community that believe standing up to outside threat is not only somebody's duty but that of their own. In decentralized development there are no somebodies. Everyone can contribute and the number of volunteering requests sent has been much more than what we have been able to centrally organize. Therefore people have developed this kind of initiatives (I will add link soon) all by themselves.

As for the market, it may do whatever. I have probably been following it more closely than you, and it seemed to me that it was just about to explode to the upside after making a triple bottom in 370, or especially after the capitulation in 340. When it was resolved to go up, came the "trollbox ultimatum" with known consequences to the price. After combining many trend models, the price should imo be in the 360-400 range now with a strong upward trend. Judging from the fundamentals, much higher.

Congratulations for nomination to be a Boolberry executive! I have also become an executive in MEW. It is important for the lurkers to know where we stand and why I suddenly care to answer to your messages that I have previously ignored due to our personal issues.

Please tell me, which of the Boolberry threads needs my introduction and predictions of the BBR price trends? I am happy to make a counter-visit

The attack threat will be over in a few hours and by then your XMR will be worth nada. You shoulda stayed true to btc and not started with with monero. Today is gonna be a sad day for your portfolio.

Good luck

[sirsmokesalot]

I think all the people trying to profit each way will wind up with minimal profits from all this.

I agree with this!

[neverminer77]

http://www.keepcalm-o-matic.co.uk/p/keep-calm-and-buy-xmr/

http://sd.keepcalm-o-matic.co.uk/i/keep-calm-and-buy-xmr.png

Judging from the recent XMR volume stats, not much of the buying is going on. I wonder if this whole thing about the attack wasn't contrived to buy some cheap XMR it could mean that the exploit is a real threat.

[sirsmokesalot]

The attack threat will be over in a few hours and by then your XMR will be worth nada. You shoulda stayed true to btc and not started with with monero. Today is gonna be a sad day for your portfolio.
Good luck

That is what you get for not staying true to btc? Sounds like btc is an abuser in an abusive relationship 

[smfuser]

To be clear, I wasn't asking whether the attack might start earlier than claimed, which is obvious, but whether that was the only reason to refrain from any transactions now.

I don't have any information whatsoever about anything unusual happening at this time. As far as I can tell, everything is working perfectly. Hope that helps.

If it becomes publicly clear at time X that an attack has begun, approximately when (relative to X) would the "old part of the blockchain" (which you said "will be fine regardless") end?

[Globb0]

The block before the baddie block ?

[smooth]

To be clear, I wasn't asking whether the attack might start earlier than claimed, which is obvious, but whether that was the only reason to refrain from any transactions now.

I don't have any information whatsoever about anything unusual happening at this time. As far as I can tell, everything is working perfectly. Hope that helps.

If it becomes publicly clear at time X that an attack has begun, approximately when (relative to X) would the "old part of the blockchain" (which you said "will be fine regardless") end?

That depends on the nature of the attack and how quickly we are able to detect it.

I can only say that a credible threat has been made, with a time stated for when it will occur.

No change to what I said earlier about not being aware of anything unusual happening at this time.

Beyond that you will have to use your own judgement

[Shrikez]

The attack threat will be over in a few hours and by then your XMR will be worth nada. You shoulda stayed true to btc and not started with with monero. Today is gonna be a sad day for your portfolio.

Good luck

You are beyond pathetic. Malicious twerp.

Karma will bite a nice chunk out of your ass one day.

[varun555]

BCExpress threatens to derail poloniex too ( wasn't successful though) ! Is he gone bonkers?

[infofront]

Judging from the recent XMR volume stats, not much of the buying is going on. I wonder if this whole thing about the attack wasn't contrived to buy some cheap XMR it could mean that the exploit is a real threat.

It's significant that the threats against XMR were made in the Poloniex trollbox, then Poloniex was DDOSed as a "test" last night.

I've been following all this since the beginning, and the whole thing looks like nothing more than an elaborate price manipulation scheme to me.