[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

[Mountaingoat]

Synechist, the SHA256 cant be true, do we have any more data? It is way too profitable right now, I mean if it is like 100% off it will still be profitable

No-one's mining SHA256 right now. Where are you seeing that data?

the shift payouts!

Because no-one's mining SHA256, the figures on the payouts page are not accurate.

Dan will be putting an ASIC on the SHA256 pool before long, and that'll make things easier to work from.

I just rented a pool for 12 hours, similar to this one but 30 MH/s, for the same price as that one, is that profitable?

You rented a pool?

You should rent a miner, and then use it on the XC multipool.

What's the price?

What algorithm?

I mean a miner, my bad.

30 Mh/s on average
0.017097 BTC/day I rented for 12 hours(that was the maximum)
Scrypt

[synechist]

Could one theoretically use XCurrency as an escrow to anonymously transfer bitcoins?
More specifically build an app on top of XC like QiBuck but with the purpose of mixing bitcoins, preferably having the mixing pool pooled from multiple shares? This is maybe a bit meta, but building a bitcoin wallet on-top of the XCwallet platform that could serve as a dark wallet?

That's a tricky thing. It was suggested in an XC discussion but it's not clear how it would be done. One option would be to trade BTC for XC, send the XC privately and then trade back into BTC. An app could do this. A decentralised exchange would be necessary for this to meet XC's security standards.

Alternatively we could try implement XC's tech in a new, weird Bitcoin wallet. But it wouldn't be compatible with the Bitcoin network. So that's a bit of a complicated task. Not sure how it would be done.

Great idea. There's definitely a market for anonymising BTC.

I'll keep throwing ideas at the team for features I would want to use myself hoping some will stick

By all means, keep on! Discussions of this nature are always valuable.
 

I genuinely don't believe that any currency really can compete with bitcoin.

That'll certainly be the case for the mid-term future. But if an altcoin captures the mobile market then I think it'll smash Bitcoin.

But I believe that there will be a complementary market where alt coins will add functionality, but their adoption success will depend on their ability to integrate (ease of use) with bitcoin from an end-user perspective. Brokers like mintpal are great for traders but don't expect an end-user to buy XCurrency for operating fees through a broker, that process has to be simplified significantly.

I agree. Implementing Bitcoin-related features is a clear (though rather competitive) line to take.

XC will be integrated into ATMs later down the roadmap and this physical presence could help with rate of adoption but preferably you just load your wallet with bitcoin and get XC either to spend, send or store for later.

Personally I'd like to charge my wallet with fiat, which is of course exchanged for XC in the process.

[synechist]

30 Mh/s on average
0.017097 BTC/day I rented for 12 hours(that was the maximum)
Scrypt

Don't take it. The price will have to be lower than 0.00521158 BTC/day.

Since yours is for only 12 hours, its effective rate is double the one advertised. So you'd make a fat loss.

Camp out on miner rental pages and see if a cheap one comes along.

Otherwise wait until a brand new coin is released, mine it, and sell after the coin pumps. (Make sure it'll get pumped first, of course.)

[Mountaingoat]

It was only €3,- anyways, thanks for the answer.

[Mountaingoat]

Can somebody make a wallet for XC similar to Multibit if that is possible? That way if you close your wallet you don't have to sync up for so long.

[synechist]

Gotta love a string of XC stake and mining payouts.





Isn't it cool that unlike the "interest" you earn in a savings account (which is just the bezzle), interest earned in XC is actually newly created money?

[pookielax31]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

[cryptico]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

[Herbix]

For those who are catching up:

   4 days until #XCurrency releases its #coinjoinkiller, the finalised Rev 2!
           #XC #privacy #tech #leader



Twitter: https://twitter.com/XCurrency/status/510056503861329920
Facebook: https://www.facebook.com/XCurrency?fref=ts


- The XC Multipool is working wonderfully and is in its final stages of beta.
- Rent a miner and try it out!

- There may be an updated test release of the finalised Rev 2 today.

MiningRigRentals.com is far superior to Betarigs btw, feel free to use my referral link if you want

[synechist]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

[CryptoGretzky]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

[Teka]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

Yes they still do. 1 IP = 1 Node

[synechist]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

Yes they still do.

Run them all over TOR.

[CryptoGretzky]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

Yes they still do.

Run them all over TOR.

Oh boy... I think I will need some more bandwidth.   Might get some VM from azure or amazon or something...

[synechist]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

Yes they still do.

Run them all over TOR.

Oh boy... I think I will need some more bandwidth.   Might get some VM from azure or amazon or something...

Heh. Bring on the tx revenue!

[bitAsp]

Removed all the quotes to save screen space... When will it be possible to run Xnodes with our Wallets having at least 1000 XC coins?

[CryptoGretzky]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

Yes they still do.

Run them all over TOR.

Oh boy... I think I will need some more bandwidth.   Might get some VM from azure or amazon or something...

Heh. Bring on the tx revenue!

Any chance Dan can make it so that say you have multiple input/address that adds to up more than 1000 XC to act as a xmixer rather than separate wallets?   Say you have 50k in a wallet, then it acts like 50 Xmixers rather than needing to run 50 separate wallets??  

[synechist]

Removed all the quotes to save screen space... When will it be possible to run Xnodes with our Wallets having at least 1000 XC coins?

This Monday.

On Monday we're also including a feature that's a "coinjoin killer". Brace yourself.

[synechist]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

Yes they still do.

Run them all over TOR.

Oh boy... I think I will need some more bandwidth.   Might get some VM from azure or amazon or something...

Heh. Bring on the tx revenue!

Any chance Dan can make it so that say you have multiple input/address that adds to up more than 1000 XC to act as a xmixer rather than separate wallets?   Say you have 50k in a wallet, then it acts like 50 Xmixers rather than needing to run 50 separate wallets??  

I doubt that'll be a good idea in terms of the blockchain. It's not a good idea to run multiple copies of your wallet.dat and then spend from both. You can corrupt the wallet.dat.

Xmixers will be continually receiving and sending fragments. Imagine how much higher the chances of corrupting your wallet would be with that!

In any case, having several wallets, each with a smaller balance, is more secure. If I had 50k I'd certainly spread them around a bit. :-)

[CryptoGretzky]

So when this REV2 is release we will be getting paid For our Xnodes now/X mixer whatever were calling it

Hello I was wondering if for the xnode you will need it to run in a single wallet with 1000 xc or can you have multiple xnodes in a single wallet putting 1000 xc in different addresses?

Yes nodes with a dedicated address containing 1000 XC will receive revenue for trustlessly forwarding transactions.

You can run as many wallets as you like. You'd need a virtualisation environment to do this on a single computer.

Do the wallets still need separate public IP or just different VM and single IP is fine?

Yes they still do.

Run them all over TOR.

Oh boy... I think I will need some more bandwidth.   Might get some VM from azure or amazon or something...

Heh. Bring on the tx revenue!

Any chance Dan can make it so that say you have multiple input/address that adds to up more than 1000 XC to act as a xmixer rather than separate wallets?   Say you have 50k in a wallet, then it acts like 50 Xmixers rather than needing to run 50 separate wallets??  

I doubt that'll be a good idea in terms of the blockchain. It's not a good idea to run multiple copies of your wallet.dat and then spend from both. You can corrupt the wallet.dat.

Xmixers will be continually receiving and sending fragments. Imagine how much higher the chances of corrupting your wallet would be with that!

In any case, having several wallets, each with a smaller balance, is more secure. If I had 50k I'd certainly spread them around a bit. :-)

But... The need to run like 100 to 200 or more wallets... Omg...  The number of VM that's needed is insane.  

I am just saying if you have inputs that are 1000 XC that it's automatically treated as one xmixer since the mixing is based on UTXO unspent output anyway.