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

[myagui]

If I am mining with a given hashrate (let's say 1 kh), will I likely mine more XMR when the network hashrate is lower (~12Mh) versus higher (~20Mh as it is currently)?
I know that the difficulty retargets every block, which is every minute, but I am not certain about this comparison that I am asking about.

Thanks in advance for knowledgeable replies.

The difficulty re-targeting does not have a direct impact to your first question, or rather, not an obvious one.

I'll try to address the 1st question (if that is a question) about mining rewards with variations in difficulty:

If nethash is ~12Mh, and you have ~1Kh, you are 1/12000 of the nethash.
You will find, on average, 1/12000 of the blocks, or in other words, 1 block every ~8.33 days.

If nethash is ~20Mh, and you have ~1Kh, you are 1/20000 of the nethash.
You will find, on average, 1/20000 of the blocks, or in other words, 1 block every ~13.88 days.

Happy Mining!
Edit: I see smooth just beat me to it. Keeping the post anyhow as the examples might be helpful.

[e-coinomist]

That is cool! How did you get your the saddam.moneroaddress.org alias you reference in your sig? Did you have to register the domain name moneroaddress.org yourself? Does this mean that to get our own openalias to use with Monero, we have to find domain name registrars that allow anonymous registration?

I am not amused.

[kazuki49]

That is cool! How did you get your the saddam.moneroaddress.org alias you reference in your sig? Did you have to register the domain name moneroaddress.org yourself? Does this mean that to get our own openalias to use with Monero, we have to find domain name registrars that allow anonymous registration?

I am not amused.

we need one that accepts XMR

[smooth]

That is cool! How did you get your the saddam.moneroaddress.org alias you reference in your sig? Did you have to register the domain name moneroaddress.org yourself? Does this mean that to get our own openalias to use with Monero, we have to find domain name registrars that allow anonymous registration?

I am not amused.

The idea of cryptonote public addresses is they don't need to be anonymous at all. You can safely publish your public address (on a web site, email sig, forum sig, domain name registration, DNS record, etc.) and these can't be linked to transactions on the blockchain, unlike bitcoin.

However, the whole openalias system is an optional convenience feature and is never required. If you prefer absolute privacy and independence (for example maybe you don't even want anyone to know you are using Monero at all -- though currently there is no way to hide this from your ISP unless you roll your own Tor/I2P wrapping) with no registration of any kind you can just use the regular public addresses.

[G2M]

That is cool! How did you get your the saddam.moneroaddress.org alias you reference in your sig? Did you have to register the domain name moneroaddress.org yourself? Does this mean that to get our own openalias to use with Monero, we have to find domain name registrars that allow anonymous registration?

I am not amused.

[5w00p]

That makes sense.

Thanks, smooth and myagui. 

[e-coinomist]

Well, what shall I say, for Tipping Websites using domain adresses makes sense.

That is perhaps an almost infinite realm of possibility. You know you cannot fund your webpage using advertisement popups, somebody allready tried that. Nor offer an entry field for supporting people's credit card credentials, for known reasons.
A money in cash equivalent with a clean reputation and a common name fits into this in a perfect way.

Names always had that habit of designating someone. Maybe connecting names with anonymity is a misfit by design.

[saddambitcoin]

Well, what shall I say, for Tipping Websites using domain adresses makes sense.

That is perhaps an almost infinite realm of possibility. You know you cannot fund your webpage using advertisement popups, somebody allready tried that. Nor offer an entry field for supporting people's credit card credentials, for known reasons.
A money in cash equivalent with a clean reputation and a common name fits into this in a perfect way.

Names always had that habit of designating someone. Maybe connecting names with anonymity is a misfit by design.

Yes, maybe it is a bit absurd using the most anonymous payment system and tying it to something as public as the Yellow Pages. But it makes the currency easier to use for some people that don't *always* need the most privacy. Sending some money to your mother, for instance.

[saddambitcoin]

Thanks to whomever sent me 1 XMR via saddam.moneroaddress.org! We will never know.

I will give away 1 xmr to anyone that makes an openalias wallet. Lets make it rain. 

[billotronic]

Wu Tang Clan aint Nothing to Fuck With!

[saddambitcoin]

Wu Tang Clan aint Nothing to Fuck With!

I have actually met some members of the Wu-Tang Clan IRL and I will concur. Wu Tang Financial.

[jehst]

Andrew Poelstra says:
"The paper will describe some new cryptographic primitives which could be used in a blockchain to avoid explicit linkage between transactions. It certainly does not describe or advocate how to implement such things in Bitcoin. Indeed, this would dramatically change the efficiency and privacy properties of Bitcoin in ways that would be unacceptable to many existing users."

http://www.reddit.com/r/Bitcoin/comments/2oh7vq/toward_unlinkable_bitcoin_transactions_andrew/cmn952n


If Maxwell and Poelstra are a) interested enough in CN tech to start writing a paper on it, and b) they realize CN tech has almost no chance of being implemented in bitcoin, then maybe they'll start directly working on the best CN coin around.  

[ArticMine]

That is cool! How did you get your the saddam.moneroaddress.org alias you reference in your sig? Did you have to register the domain name moneroaddress.org yourself? Does this mean that to get our own openalias to use with Monero, we have to find domain name registrars that allow anonymous registration?

I am not amused.

Or simply use Namecoin (NMC), http://namecoin.info/, to register a .bit domain. There is no need to use the ICANN/US Gov. root. Of course all of this creates a business opportunity for selling .bit, Namecoin, registrations for XMR.

[Este Nuno]

Andrew Poelstra says:
"The paper will describe some new cryptographic primitives which could be used in a blockchain to avoid explicit linkage between transactions. It certainly does not describe or advocate how to implement such things in Bitcoin. Indeed, this would dramatically change the efficiency and privacy properties of Bitcoin in ways that would be unacceptable to many existing users."

http://www.reddit.com/r/Bitcoin/comments/2oh7vq/toward_unlinkable_bitcoin_transactions_andrew/cmn952n


If Maxwell and Poelstra are a) interested enough in CN tech to start writing a paper on it, and b) they realize CN tech has almost no chance of being implemented in bitcoin, then maybe they'll start directly working on the best CN coin around. 

Pretty sure they've already been working on it on some level as independent contractors/consultants. Just not publicly(pseudonyms maybe for ethical reasons?). And even if they haven't done any actual 'work' related to CN stuff they' appear to have taken an academic interest in the tech months ago.

[dEBRUYNE]

Andrew Poelstra says:
"The paper will describe some new cryptographic primitives which could be used in a blockchain to avoid explicit linkage between transactions. It certainly does not describe or advocate how to implement such things in Bitcoin. Indeed, this would dramatically change the efficiency and privacy properties of Bitcoin in ways that would be unacceptable to many existing users."

http://www.reddit.com/r/Bitcoin/comments/2oh7vq/toward_unlinkable_bitcoin_transactions_andrew/cmn952n


If Maxwell and Poelstra are a) interested enough in CN tech to start writing a paper on it, and b) they realize CN tech has almost no chance of being implemented in bitcoin, then maybe they'll start directly working on the best CN coin around.  

Pretty sure they've already been working on it on some level as independent contractors/consultants. Just not publicly(pseudonyms maybe for ethical reasons?). And even if they haven't done any actual 'work' related to CN stuff they' appear to have taken an academic interest in the tech months ago.

Look at the comments and you'll find the answer

(b) Yes, I have. (Arguably I am one of their experts.) Edit: To clarify, I did do my own independent audit of the Bytecoin signature scheme. I concluded that their sucurity argument was sound. I've been in contact with the Monero research team and we have discussed this among other things.

Question was:

b) As you correctly point out, the initial analysis on security in the cryptonote white paper is light, and their authors completely (not just "somewhat" as you gently write it...) discredited. Nevertheless the Monero team did a very thorough evaluation of the crypto involved in the protocol, by hiring several academic cryptographers/mathematicians to do the auditing. Have you been in touch with the experts involved, or have you done your own evaluation from scratch without considering this previous work?

[kazuki49]

some curiosity I noticed watching poloniex the last weeks, some pump and dump coins always go up like a supernova eclipsing XMR volume for some days but after that Monero almost always remains at the top with a respectable and stable trading volume.

[smooth]

some curiosity I noticed watching poloniex the last weeks, some pump and dump coins always go up like a supernova eclipsing XMR volume for some days but after that Monero almost always remains at the top with a respectable and stable trading volume.

It has been that way ever since Monero was listed there.

[sammy007]

Openalias is awesome feature, I have TXT record on wallet.hashinvest.net with xmr address for long time as a reminder for personal use, now added another one in proper format.

[equipoise]

Thanks to whomever sent me 1 XMR via saddam.moneroaddress.org! We will never know.

I will give away 1 xmr to anyone that makes an openalias wallet. Lets make it rain. 

I added ge.changetheworldwork.com openalias (not tested, windows simplewallet) for Monero donations for the new version of my gene expression analysis software (zRMicroArray). It's used by at least 3 groups of students (US and Bulgaria) each year and by some laboratories and researchers in the US. It's free for non-commercial use and it's used instead of some expensive commercial software products. A single small experiment to collect the data for such analysis cost 60,000-200,000$ and then you could use my software to make the analysis for free which somewhat reduces the overall price of the experiment. The software needs a lot of new functionality added and a fully rewritten new version to answer the needs of the users. I have 5 years of real world users feedback. The new version will take at least 6-12 months if I devote my time to it and I may need one more part time developer. I doubt I could find any significant resources for the new version without some company buying the software and it's exclusive rights, but I'm still trying. If you send me this 1 xmr it'll be the first cents ever I get for this software. If I configured it properly ge.changetheworldwork.com should send to

Code:

4AUoJ141b18EbZBAqmVq1cZSR2mVYtH1VaTsALSiMqAMFHbT38SwD3UPy5vUtmu3QL9hpR8RFFMPwfBcZzwEwqdV58yejWS

[fluffypony]

Well, what shall I say, for Tipping Websites using domain adresses makes sense.

That is perhaps an almost infinite realm of possibility. You know you cannot fund your webpage using advertisement popups, somebody allready tried that. Nor offer an entry field for supporting people's credit card credentials, for known reasons.
A money in cash equivalent with a clean reputation and a common name fits into this in a perfect way.

Names always had that habit of designating someone. Maybe connecting names with anonymity is a misfit by design.

Yes, maybe it is a bit absurd using the most anonymous payment system and tying it to something as public as the Yellow Pages. But it makes the currency easier to use for some people that don't *always* need the most privacy. Sending some money to your mother, for instance.

Don't forget this one simple point: publicly exposing your Monero address does not compromise your privacy in any way. This is in stark contrast to Bitcoin, where revealing your address let's someone track your transactions on the blockchain.

The reason for this is that outputs in a Monero transaction are NOT made to an address. They are instead made to a "destination" that is computed from the two parts of your address (your public spend and view keys) + some random data. This computation cannot be reversed. Thus "connecting names with anonymity" is a perfect fit, as the connection to an address reveals nothing other than the fact that you use Monero.