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

[David Latapie]

Running things with sudo is bad habit. You should minimize root usage to minimum required, specially with cryptocurrencies related software.

Replace 7. with:

Code:

sudo mkdir /home/user/ && sudo chown <your_user_name>:<your_user_name> /home/user/ && mkdir /home/user/.bitmonero

Then don't use sudo in any of the remaining steps.

[...]

Thank you. Ideally, Quanttek will update his script and the /home/user part will be fixed so this won't be necessary anymore. Plus, I expect much people to just copy-and-paste, so as long as the command I give are sane, that should be OK.
That being said, you point about minimising the use of sudo is one to remember.

[1714171757]

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[David Latapie]

Updated version. Step 5, 6 should be temporary and 7 should eventually not need sudo.

This tutorial requires using the terminal and is for an Ubuntu-based Linux (it requires ppa, so won't work with other Debian-based).

1. If no previous non-DB version of Monero exists on this machine, install monero and choose option 1 then y (this is just for installing the dependancies) - download the blockchain (long)

Code:

cd ~ && rm -f install_monero.sh && wget https://raw.githubusercontent.com/Quanttek/install_monero/master/install_monero.sh && bash install_monero.sh

2. Close bitmonero and simplewallet
3. Run this command. It will install liblmdb-dev and libunbound-dev and grab only the code you need (a variant of the code on a different directory, so it won't delete your working monero)

Code:

sudo apt-get install libunbound-dev liblmdb-dev && mkdir -p ~/bitmonero-testing && cd ~/bitmonero-testing && rm -rf bitmonero && git clone https://github.com/tewinget/bitmonero.git --branch blockchain --depth 1

4. compile

Code:

cd ~/bitmonero-testing/bitmonero && make

5. back up your blockchain

Code:

cp ~/.bitmonero/blockchain.bin ~/.bitmonero/blockchain.bin-backup

7. [WORKAROUND] create /home/user/.bitmonero (no need to be an user, just the folder)

Code:

sudo mkdir /home/user/ && sudo mkdir /home/user/.bitmonero

8. [WORKAROUND] copy the blockchain here

Code:

sudo cp ~/.bitmonero/blockchain.bin /home/user/.bitmonero/blockchain.bin

9. Convert the blockchain with the new aptly-named "blockchain_converter"

Code:

cd ~/bitmonero-testing/bitmonero/build/release/src && sudo ./blockchain_converter

10. Wait several dozen of minutes - you won't see anything, that's normal. If you want to check it is actually converting, open a new terminal and type top. The blockchain_conv process shall be consistently on top.
11. Start daemon and wallet, try some small transactions. Check the CPU and RAM also

Code:

top

Code:

free -h

Use testnet, not mainnet. Better safe than sorry.

Also, I have this issue so I can't go any further:

Code:

sudo ./blockchain_converter
block 0/364155 (0%)
Error adding block to new blockchain: std::exception

[riskyfire]

Thanks a million! It worked.

I just typed save and then exit within simplewallet and then reopened it and it worked like normal. Refreshing now as normal.

Shoot me your monero address, I'll send over a little token of thanks.

Glad to hear it worked out of you!

My address is :

Code:

46FpUeqeL4WbtBDwxC4F82WAFPcejbqJFX8ad3mv71xUJwMohYtis9uePkpy8bs7PmeTHVHxfysR81JAKHojzywdDx5VWpu

Sent. Thanks again.

[papa_lazzarou]

Feedbacks (both negative and positive) welcomed!

Hi,

The blockchain converter worked fine for me (at least the first 18k blocks). But it was taking ages on my (low end) laptop so I went with osensei's link.

I'm now running a monero node using less than 512MB of RAM.

[BanditryAndLoot]

Thanks a million! It worked.

I just typed save and then exit within simplewallet and then reopened it and it worked like normal. Refreshing now as normal.

Shoot me your monero address, I'll send over a little token of thanks.

Glad to hear it worked out of you!

My address is :

Code:

46FpUeqeL4WbtBDwxC4F82WAFPcejbqJFX8ad3mv71xUJwMohYtis9uePkpy8bs7PmeTHVHxfysR81JAKHojzywdDx5VWpu

Sent. Thanks again.

 

Thanks! 

[liteon]

Feedbacks (both negative and positive) welcomed!

Hi,

The blockchain converter worked fine for me (at least the first 18k blocks). But it was taking ages on my (low end) laptop so I went with osensei's link.

I'm now running a monero node using less than 512MB of RAM.

Beware, because soon you will not be able to run it.
You'll need 4GB of ram and some Dual-core processor (at least).
Also, SSD hard drive is a good option to have, as it will speed up the process.

[papa_lazzarou]

Feedbacks (both negative and positive) welcomed!

Hi,

The blockchain converter worked fine for me (at least the first 18k blocks). But it was taking ages on my (low end) laptop so I went with osensei's link.

I'm now running a monero node using less than 512MB of RAM.

Beware, because soon you will not be able to run it.
You'll need 4GB of ram and some Dual-core processor (at least).
Also, SSD hard drive is a good option to have, as it will speed up the process.

Thanks but you misunderstood me. With the DB the daemon is using under half a giga of RAM.

[mmmaybe]

Great work with the DB guys, thanks a lot! 

[Wit22]

Hey guys.
I'm a XMR long-term hodler.
Bought my first XMR before RP even

I really love the community and quality of people that are backing monero.
Just wanted to ask a few questions.

Can someone compare bitcoindark against monero for me?
Bitcoindark claim some kind of 'teleportation' technology that doesn't make much sense for me at the moment.

Can anonymous technologies (zero knowledge proofs or darkcoin's mixing or monero's ring signatures) be implemented usefully in bitcoin sidechains? Or would that compromise the anonymity? Do they need their own blockchain?

I understand that the monero community believes ring signatures to be the best form of anonymity technology at present. Will will be able to overcome the problems of blockchain bloat? Does boolberrys' trimming and discarding of information to deal with this ruin the anonymity?

I also dislike the current website's design haha. This currency is all about the technology and has no marketing/hype; leading to a higher chance of being undervalued.

Keep up the good work guys.

[onemorebtc]

Can anonymous technologies (zero knowledge proofs or darkcoin's mixing or monero's ring signatures) be implemented usefully in bitcoin sidechains? Or would that compromise the anonymity? Do they need their own blockchain?

they can, but that would reduce the anonymity set and everybody could see that you've explicity put some coins in that anon chain and got them back - probably the same amounts.

I understand that the monero community believes ring signatures to be the best form of anonymity technology at present. Will will be able to overcome the problems of blockchain bloat? Does boolberrys' trimming and discarding of information to deal with this ruin the anonymity?

blockchain bloat is not a problem with monero... its a bigger than btc, yes. but dont forget how much a terybyte drive costs these days... and many households have 100mbit inernet connection.

as smooth said bbr trimming has its own problem. if i did understand him right its no longer possible for them to track every coin back to its mined block.

personally i think zerocoin/zerocash will have the best anonymity: if they ever manage to get it to work in a trustless and bloatless way (oh boy THEY have a bloated chain).

but atm cn-coins seems to be the only available anonymity coins

I also dislike the current website's design haha. This currency is all about the technology and has no marketing/hype; leading to a higher chance of being undervalued.

one of the main reasons i like monero...
its just not finished yet and there is a big opportunity as soon as marketing starts... i'd say thats what most speculators want...

Keep up the good work guys.

also from me

[papa_lazzarou]

Just to bump something I think many of us missed here:
Unique Ring Signatures

[generalizethis]

Just to bump something I think many of us missed here:
Unique Ring Signatures

OOOOOOOO! -- 

[silencesilence]

Monero will have less coins from Litecoin
do you think we'll get much higher price than Litecoin
theoretically this should happen, but if it would work
I would be a curious what suggestions would you give for XMR/BTC price

[uvt9]

long time no see It's a bit sad and surprised in me to see the price this low.

btw when will the DB blockchain be available on main network ?

[shojayxt]

Monero will have less coins from Litecoin
do you think we'll get much higher price than Litecoin
theoretically this should happen, but if it would work
I would be a curious what suggestions would you give for XMR/BTC price

What about all the coins in between?  One step at a time.  Litecoin's value is irrelevant.

[silencesilence]

Monero will have less coins from Litecoin
do you think we'll get much higher price than Litecoin
theoretically this should happen, but if it would work
I would be a curious what suggestions would you give for XMR/BTC price

Litecoin's value is irrelevant.

I do not agree!
many people currently invest only in BTC and LTC / I have ones friends /

Imagine if all that invest in LTC, start investing in the Monero .... from there can come a lot of money in the XMR economy

LTC Volume for 24h  $ 4,385,550
XMR Volume for 24h $ 38,458    

http://coinmarketcap.com/

[griffinriz]

I do not agree!
many people currently invest only in BTC and LTC / I have ones friends /

Imagine if all that invest in LTC, start investing in the Monero .... from there can come a lot of money in the XMR economy

LTC Volume for 24h  $ 4,385,550
XMR Volume for 24h $ 38,458    

http://coinmarketcap.com/

IMO a lot of average people will invest after the GUI wallet release.

[uvt9]

LTC volume come mainly from Chinese exchanges where people keep buying/selling the same amount of coin many times a day.

[griffinriz]

LTC volume come mainly from Chinese exchanges where people keep buying/selling the same amount of coin many times a day.

without any trading fee?

[bclcjunkie]

yes 0 fees allow you to take funds from your left pocket,put them into your right pocket and vice versa, what's the point you may ask? well you get to buy your own orders with minimal cost thereby manipulating prices, of course you risk losing some along the way but potential profit from pump and dump while making a killing on margin trading is pretty significant. ltc has a community and that's what holds it together at the moment, other than faster confirmation it doesn't have much flavor to it. but monero is absolutely different animal altogether that many have yet to see its true potential. it's true this coin lacks marketing and fancy gui, but those are easy to implement once you establish solid engine that will last lifetime in the long run rather than rush with fancy stuff and burn out too soon and lose trust for good.

LTC volume come mainly from Chinese exchanges where people keep buying/selling the same amount of coin many times a day.

without any trading fee?