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

[e-coinomist]

These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..

Offsetting heating costs with Monero, or any other mineable coin .. might not be just a botnet, when it could just be someone weighing the costs between paying for likely gas heating flat out, or electrical heating that has the possibility to be offset with mineable crypto.

There! Exactly un-mineability on GPUs would have been the solution. Fact, XMR supports both card brands (which BTC never did) nvidia and AMD, making things worser regarding "winter season hashrate"

[nioc]

ALL of the increased hashrate is from moneropool, which doubled from yesterday's rate which had been relatively constant for a while, and the catagory "unknown + minergate" whose rate goes from almost nothing to huge regularly so it's difficult to know what that means.

[jwinterm]

ALL of the increased hashrate is from moneropool, which doubled from yesterday's rate which had been relatively constant for a while, and the catagory "unknown + minergate" whose rate goes from almost nothing to huge regularly so it's difficult to know what that means.

I wish minergate would put up an api to get their pool stats. If not, then maybe over xmas break I'll figure out how to scrape the number off their webpage. It's a little tricky because if you just request the page you don't get the hashrate number in the data sent, there is some javascript magic, but it can't be too hard to figure out.

Edit: Just realized that if you click the Monero link on their front page (minergate.com) it takes you to bitmonero.org, which has some links to (very) old binaries and the (very) outdated github repo of bitmonero-project. Those guys...

[GingerAle]

These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..

Offsetting heating costs with Monero, or any other mineable coin .. might not be just a botnet, when it could just be someone weighing the costs between paying for likely gas heating flat out, or electrical heating that has the possibility to be offset with mineable crypto.

There! Exactly un-mineability on GPUs would have been the solution. Fact, XMR supports both card brands (which BTC never did) nvidia and AMD, making things worser regarding "winter season hashrate"

you're speaking as if the algorithm itself has a say in what hardware can hash it. XMR doesn't support both card brands. Someone just found a way to hash it with GPUs. Its not like gold was like "hey! Don't invent dynamite. That'll make me easier to find"

I think this is just the natural progression of anything that has value - people invest time into findings ways to obtain the thing of value faster, so they can get more of it. Hrm.... I'm trying to put together a timeline of currency valuation and hardware development. Anybody know if this exists?

In general, the winter season hashrate is going to be something that the entirety of the crypto economy will have to figure out, methinks. The geographical distribution of landmass means that a lot is going to have to happen south of the equator.

[wpalczynski]

I was thinking that in a round about way the low price might be good for the coin in the long run and here is my reasoning:  Since no premine the devs dont hold a lot of Monero, they are working on the project but not with a real economic incentive.  With these low prices they have most likely been accumulating to whatever extent they can and if that's the case they may be inclined to continue working on Monero and perhaps speed up development since they themselves would be financially rewarded once Monero succeeds.

Any thoughts?

Main question: are the dev's paid?

If by "dev" you mean people doing the coding, some have, some haven't.

If by "dev" you mean the core team responsible for leading the project, then definitely not. Not only are we not paid but we have covered about 80% of the costs of the project out of our own pockets. We are all negative for a large amount of time and money. We do it because we believe in the project and want to see it succeed.

Who am I to say that?

The boss. We work for the community.

I am a single XMR miner & supporter.

Thank you for your support

[Hueristic]

I was thinking that in a round about way the low price might be good for the coin in the long run and here is my reasoning:  Since no premine the devs dont hold a lot of Monero, they are working on the project but not with a real economic incentive.  With these low prices they have most likely been accumulating to whatever extent they can and if that's the case they may be inclined to continue working on Monero and perhaps speed up development since they themselves would be financially rewarded once Monero succeeds.

Any thoughts?

I would assume this to be true.

[rkm80]

Can somebody, please, explain me this:

Moneropool hash: 4600kH
Miners: 330
Hash per miner: ~14kH
Top GPU ~ 700H
GPUs per miner ~ 20

As I have never mined any cryptos, is it normal that an average miner owns min 20 top GPUs?
Does a miner with 4 separate rigs count as 1 or 4?

Correct if I'm somewhere wrong.

[pa]

It will be interesting to see whether Bitcoin can adopt CN functionality. It would a win for privacy and freedom, but bad for my XMR investment: http://www.reddit.com/r/Bitcoin/comments/2oh7vq/toward_unlinkable_bitcoin_transactions_andrew/

[wpalczynski]

Where did you get those stats from?

Can somebody, please, explain me this:

Moneropool hash: 4600kH
Miners: 330
Hash per miner: ~14kH
Top GPU ~ 700H
GPUs per miner ~ 20

As I have never mined any cryptos, is it normal that an average miner owns min 20 top GPUs?
Does a miner with 4 separate rigs count as 1 or 4?

Correct if I'm somewhere wrong.

[Este Nuno]

It will be interesting to see whether Bitcoin can adopt CN functionality. It would a win for privacy and freedom, but bad for my XMR investment: http://www.reddit.com/r/Bitcoin/comments/2oh7vq/toward_unlinkable_bitcoin_transactions_andrew/

Interesting how they paid homage to Bytecoin there.

While the respect for the technology is there, after the premine scam I don't think they deserve to have such things named after them.

[rkm80]

Where did you get those stats from?

Can somebody, please, explain me this:

Moneropool hash: 4600kH
Miners: 330
Hash per miner: ~14kH
Top GPU ~ 700H
GPUs per miner ~ 20

As I have never mined any cryptos, is it normal that an average miner owns min 20 top GPUs?
Does a miner with 4 separate rigs count as 1 or 4?

Correct if I'm somewhere wrong.

https://moneropool.com/

[David Latapie]

I've watched Noble go through 3 or 4 of them trying to do a POS change without changing Chains and all have failed. so I don't think it's that easy to find a good one. And from what I've seen here you guys have a great crew! I truly enjoy reading all of your posts.

I've been personally involved in finding dev for Noble turning PoS so I concur.

[nioc]

Can somebody, please, explain me this:

Moneropool hash: 4600kH
Miners: 330
Hash per miner: ~14kH
Top GPU ~ 700H
GPUs per miner ~ 20

As I have never mined any cryptos, is it normal that an average miner owns min 20 top GPUs?
Does a miner with 4 separate rigs count as 1 or 4?

Correct if I'm somewhere wrong.

AFAIK a miner is an address.  Multiple rigs mining to one address equals one miner.

[David Latapie]

Getting old blows.

..What is the alternative?  ...

Staying young would be preferable.

Or making chronological age irrelevant.

Good to see someone recognized.

mr_random recognised it before me, on this very thread

The virtues of inflation

People who say you can't slow down emission because it looks like a scam... well in a few years 99% of all the currency will be emitted, how will that look like to newcomers (a scam?)

To be fair our tail mining is designed to be small too (like bitcoin after a few halvings but before no subsidy), so until the things are more clear from experience or there is stronger research to support an existential need for more radical changes, we are only slightly better off. Still, at least we have recognized some aspect of the potential failure mode and eliminated it.

Something we did not address is the lack of incentive to maintain full nodes, as Nicolas Courtois mentionned it for Bitcoin. For the moment, there is enough good will, but what if tomorrow there was not?

Main question: are the dev's paid?

Your question prompted me to add a new entry in the FAQ: are the devs paid?

What is the best programming language to learn for Monero?

I have a lot of time on my hands and much motivation.

So far, C and C++. C for legacy code (most of the code at the moment) (read smooth below), C++ for refactoring (which will take time). FYI, we are also using Go, but very sparsely (mostly URS, for the moment) and Qt is being used for the GUI wallet. But priority is definitely C and C++.

Yes, I know - throw your tomatoes and boo me for suggesting an exploitation of our carnal pleasures, but there it is.

Fact: sex drives economy (major French IT company free.fr? Started with sex money. Wikipedia? Started with sex money. High-stress platform? Porn sites, etc.) So no problem for me

[smooth]

C for legacy code (most of the code at the moment)

That is a misconception, which unfortunately we helped spread earlier in the project when we didn't really understand the code base.

Not counting header files (and I'm pretty sure the C++ header files are much bigger), there are 11351 lines of C+ and 9958 lines of C.

However, virtually all (exception maybe 1-2k lines at most) of that C are actually copies of external crypto libraries that we don't touch (and at some point will probably remove from the Monero tree and use one or more external crypto libraries directly).

Likewise, the refactoring that is needed would be C++ to C++. There is very little need to refactor C into C++. New core code will be C++.

So to summarize: To work on the core code you need to know C++. There is no C coding and little to no C-to-C++ refactoring, although some understanding of C helps with C++.

[smooth]

Can somebody, please, explain me this:

Moneropool hash: 4600kH
Miners: 330
Hash per miner: ~14kH
Top GPU ~ 700H
GPUs per miner ~ 20

As I have never mined any cryptos, is it normal that an average miner owns min 20 top GPUs?
Does a miner with 4 separate rigs count as 1 or 4?

Correct if I'm somewhere wrong.

AFAIK a miner is an address.  Multiple rigs mining to one address equals one miner.

True, also a mean like that may be misleading. If someone has one very large farm (or a few of these), that would skew the statistics. I would also be interested in the median hash per miner.

[David Latapie]

C for legacy code (most of the code at the moment)

That is a misconception, which unfortunately we helped spread earlier in the project when we didn't really understand the code base.

I corrected my post, thanks.

[smooth]

It will be interesting to see whether Bitcoin can adopt CN functionality. It would a win for privacy and freedom, but bad for my XMR investment: http://www.reddit.com/r/Bitcoin/comments/2oh7vq/toward_unlinkable_bitcoin_transactions_andrew/

Bitcoin itself can not incorporate ring signatures without without major changes that are unlikely to occur. Their title is a bit misleading, but it isn't unusual to write papers about something that "could" be done in bitcoin, ignoring the practical implausibility of actually deploying it.

It could be done in what Blockstream calls a side chain (I prefer to call them Bitcoin-backed altcoins), but, as we discussed a while back, that is only interesting if that particular sidechain/coin becomes widely used.

[Johnny Mnemonic]

Looks like BCX is finally carrying out his timewarp attack. We're all doomed. (jk)

[smooth]

More efficient GPU miner would help..

A more efficient GPU miner would just drive up the difficulty even more, reducing profitability and result in continued dumping to pay power bills.

The only meaningful way to increase price is to increase demand. If you want the price to go up, forget about mining and start building (software, services, awareness, etc.)