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

[fluffypony]

How does the cryptonote (XMR) code stand up to bitcoin as far as transaction volume?  How many transactions per second can it handle in comparison to bitcoin?

I'm asking this question again ... (I know that XMR is an implimentation of the cryptonote coin with it's own added code ... thanks david)

It's tough to say - what's the bottle-neck with Bitcoin, and what's the bottleneck with Monero?

If it's verification speed...well, single-thread transaction verification with Monero does ~25-40tx's a second on an average PC, multi-threaded verification increase that substantially. If it's network latency, then Monero and Bitcoin have the same bottleneck. There's a lot of moving parts in Bitcoin and in Monero, and we have plenty of time to think and research and test before Monero reaches anything even close to Bitcoin's current transaction volume, forget about more. We do have the advantage of dynamic parameters (like the dynamically adjusting block size), so the move to a greater number of transactions is going to be a lot less "harsh".

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[statdude]

9.1 is Very nice. Whats the latest for CPU? still using YAM from june.

There are 3 miners, wolf's, claymore's and yam. Yam is going to release update soon.

There's one more stable miner with 0,7% fee http://club.dns-shop.ru/forum/?p=0&action=thread&id=96075

I have no idea about that miner but I do know that I wouldn't trust a Newbie to point me to download anything. Beware.

I am  also using that miner for a while now, didn't see any problems. Fee is even less than Claymore's miner.

Everyone can make his or her own risk assessment, but if I were downloading a binary (at least I assume it is a binary) from some unknown source I would at a minimum only do it on a computer without any data I care about, and definitely no wallets (XMR or otherwise).

It might be just fine, or it might not. Pretty hard to tell.

Good point, though i am using it on my rigs that hold no data whatsoever, so yeah, people should stick with known stuff on private computers.

I agree but...must say all crypto world is based on trust and it is hard to choose..we trusted Mintpal (moolah) and now....we lose our coins...

This isn't confirmed though is it?

[dEBRUYNE]

9.1 is Very nice. Whats the latest for CPU? still using YAM from june.

There are 3 miners, wolf's, claymore's and yam. Yam is going to release update soon.

There's one more stable miner with 0,7% fee http://club.dns-shop.ru/forum/?p=0&action=thread&id=96075

I have no idea about that miner but I do know that I wouldn't trust a Newbie to point me to download anything. Beware.

I am  also using that miner for a while now, didn't see any problems. Fee is even less than Claymore's miner.

Everyone can make his or her own risk assessment, but if I were downloading a binary (at least I assume it is a binary) from some unknown source I would at a minimum only do it on a computer without any data I care about, and definitely no wallets (XMR or otherwise).

It might be just fine, or it might not. Pretty hard to tell.

Good point, though i am using it on my rigs that hold no data whatsoever, so yeah, people should stick with known stuff on private computers.

I agree but...must say all crypto world is based on trust and it is hard to choose..we trusted Mintpal (moolah) and now....we lose our coins...

This isn't confirmed though is it?

Nothing yet confirmed, maybe you could try to PM moolah on irc. He is in the #dogecoin and #bitcoin channel.

[drawingthesun]

I'm just wondering, is work still progressing on the database and the GUI?

[EFS]

I got a reply from Mintpal.

Hi there,
I apologize for the delayed reply. XMR (Monero) is one of the coins where the daemon was having issues at the time of launch. The devs are working hard to get it up and running as soon as possible. Your balance is still there and your coins are safe.
Thank you for your patience

[bolt1909]

I got a reply from Mintpal.

Hi there,
I apologize for the delayed reply. XMR (Monero) is one of the coins where the daemon was having issues at the time of launch. The devs are working hard to get it up and running as soon as possible. Your balance is still there and your coins are safe.
Thank you for your patience

Good for you....I got response too (4 days after e-mail them)

Thank you for your email. Your issue has been passed to the migration team for investigation, and will be dealt with as a matter of urgency.Thank you for your patience with this issue.

That was before 6 day, meanwhile i wrote them on twitter and nothing happened. Still cant login to my account.

[fluffypony]

I'm just wondering, is work still progressing on the database and the GUI?

Yes

[simmo77]

I got a reply from Mintpal.

Hi there,
I apologize for the delayed reply. XMR (Monero) is one of the coins where the daemon was having issues at the time of launch. The devs are working hard to get it up and running as soon as possible. Your balance is still there and your coins are safe.
Thank you for your patience

Good for you....I got response too (4 days after e-mail them)

Thank you for your email. Your issue has been passed to the migration team for investigation, and will be dealt with as a matter of urgency.Thank you for your patience with this issue.

That was before 6 day, meanwhile i wrote them on twitter and nothing happened. Still cant login to my account.

I feel for you. I went through a similar experience with Coinmarket.io. I only lost 0.5 BTC which was about $300AUD at the time, but my only true regret is wasting so much time and energy chasing a forlorn hope.

[simmo77]

I got a reply from Mintpal.

Hi there,
I apologize for the delayed reply. XMR (Monero) is one of the coins where the daemon was having issues at the time of launch. The devs are working hard to get it up and running as soon as possible. Your balance is still there and your coins are safe.
Thank you for your patience

Good for you....I got response too (4 days after e-mail them)

Thank you for your email. Your issue has been passed to the migration team for investigation, and will be dealt with as a matter of urgency.Thank you for your patience with this issue.

That was before 6 day, meanwhile i wrote them on twitter and nothing happened. Still cant login to my account.

I feel for you. I went through a similar experience with Coinmarket.io. I only lost 0.5 BTC which was about $300AUD at the time, but my only true regret is wasting so much time and energy chasing a forlorn hope.

Is the Mintpal problem the reason for the current price drop?

It's not exactly bullish

[iourzzz]

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

[Febo]

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

[iourzzz]

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

They just look black on this video. In reality it's silver plating reflecting the night. The grey should be little lighter on actual coins as well.

The colors are more natural at this photo:
https://www.dropbox.com/s/mu2u8fgssyl4wq4/Monero.jpg?dl=0

[pa]

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

They just look black on this video. In reality it's silver plating reflecting the night. The grey should be little lighter on actual coins as well.

The colors are more natural at this photo:
https://www.dropbox.com/s/mu2u8fgssyl4wq4/Monero.jpg?dl=0

In order for the coin owner to spend the coin's XMR, must your website must be operational?

[silencesilence]

who sell at these prices ....? can no longer pay their electricity for mining     

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

[Este Nuno]

who sell at these prices ....? can no longer pay their electricity for mining    

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining?

[silencesilence]

who sell at these prices ....? can no longer pay their electricity for mining    

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining?

it's inhuman and it's inhumane  

[5w00p]

who sell at these prices ....? can no longer pay their electricity for mining    

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining?

Gee, ya think?
Something along those lines is the general consensus, I believe.

[jwinterm]

who sell at these prices ....? can no longer pay their electricity for mining    

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining?

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".

[silencesilence]

who sell at these prices ....? can no longer pay their electricity for mining    

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining?

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".

the whole idea of crypto world / BTC /  is lost because ordinary people can not mining with their home computers

[iourzzz]

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They look nice. Most more contrast colors then the ones i see here. But maybe that is because the dark Grey is on coin Black or i see wrong?

They just look black on this video. In reality it's silver plating reflecting the night. The grey should be little lighter on actual coins as well.

The colors are more natural at this photo:
https://www.dropbox.com/s/mu2u8fgssyl4wq4/Monero.jpg?dl=0

In order for the coin owner to spend the coin's XMR, must your website must be operational?

No. Site is only obligatory for binding the unique id of the coin with any public Monero address you have access to. Later when view key functionality is available from Monero developers you will be able to check the balance of a coin binded to that address as well. You will be also capable to transfer coins to other owners at our site.

To spend the coin balance (actually from an address you are in control of) you will need a Monero wallet and a private key of your address. For safety reasons we are not going to keep and even ask info about private keys. So coins are actually independent from the site after you bind them to an address. You should keep the info about your keys yourself.