[XMR] Monero Speculation

[kazuki49]

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

I'm not telling or implying what you should do since I respect public persons in this space that has shown a reputable history. I already done with the fact that the XMR I hold (considerable amount) will stay with me forever, I'm not dumping it for Bitcoin much less FIAT, I have other things happening, maybe Monero speculation is not for me since I'm aiming at a long term future that is blinding me of what is happening, regardless of the impact on the long term.
Maybe this is a foolish move from my part but I really like this project.

[1714695992]

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[1714695992]

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[rpietila]

Rpietila has done quite a lot of that already. Next to Crypto Kingdom, he also donated quite a lot to the dev team.

Yeah, and I have probably donated more of my time than some of the devs (CK has been a 50+ hour per week project for most of its existence of 1+ year).

But no way anyone could buy my time anyway... I do what I feel needs to be done. When I lectured in the former high school, I paid my trips even. But as a result, today the teacher promised she will be showing videos about Bosnian Pyramids to the students  

I don't believe too many highschools include Bosnian Pyramids in the history. This is what I like to do.

[ArticMine]

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

The problem is that there has not been an official tagged release for the XMR software in well over 10 months now and the last official binaries from December of last year are for most people close to unusable with their 8 GB + of RAM requirements. This creates the false impression that there has not been any development of XMR. It also encourages concentration since those of us willing to clone github and compile from source (as I had to do two days ago when I upgraded from Ubuntu 15.04 to Ubuntu 15.10) actually see the benefits of what has been very extensive development over the last 10 months, while the typical Windows / iOS user will not. The reality is that someone who is not both already involved with Monero and also to be blunt "a nerd running GNU/Linux" is unlikely to compile from source and consequently will either sell or not buy. The recent bear market starting in mid September coincides with the failed target date of September 15, 2015 for the code freeze for version 0.9, and further supports my theory.

[americanpegasus]

I have always supported the idea of "soon" becoming our official slogan.     It has a few double meanings to it. 
 
So just think.  The price might be in the toilet now.... but.... 
 

[nioc]

It doesn't matter how hard the reality is now

It does.

Should I sell my XMR to prove to you that I don't like the concentration that is happening?

(I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.)

The problem is that there has not been an official tagged release for the XMR software in well over 10 months now and the last official binaries from December of last year are for most people close to unusable with their 8 GB + of RAM requirements. This creates the false impression that there has not been any development of XMR. It also encourages concentration since those of us willing to clone github and compile from source (as I had to do two days ago when I upgraded from Ubuntu 14.04 to Ubuntu 14.10) actually see the benefits of what has been very extensive development over the last 10 months, while the typical Windows / iOS user will not. The reality is that someone who is not both already involved with Monero and also to be blunt "a nerd running GNU/Linux" is unlikely to compile from source and consequently will either sell or not buy. The recent bear market starting in mid September coincides with the failed target date of September 15, 2014 for the code freeze for version 0.9, and further supports my theory.

I believe you meant September 15, 2015 for the code freeze for version 0.9

[ArticMine]

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct. Fixed the original post.

[dEBRUYNE]

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

[nioc]

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

fluffypony today commented on the Monero forum that the delay in the code freeze will not push back the hardfork date because most people will want to upgrade to the new release.

Yeah!! the 0.9 release is less than 6 months away  

[nioc]

Should a good person mine with a bad computer?  Bad = 35 H/s

If yes then, solo mine or pool?

If you're mining to help the network (and that's really the only reason with a bad computer) and you can, solo mine.

You may want to look into underclocking/undervolting to make the efficiency slightly less bad, unless you 100% don't care about electricity/heat.

To support the network we have recently started mining on our Monero payment processing droplet at digital ocean.

Code:

[2015-10-30 02:57:21] Stratum detected new block
[2015-10-30 02:57:21] thread 2: 177 hashes, 8.38 H/s
[2015-10-30 02:57:21] thread 0: 170 hashes, 8.03 H/s
[2015-10-30 02:57:21] thread 1: 174 hashes, 8.24 H/s
[2015-10-30 02:57:21] thread 3: 175 hashes, 8.25 H/s
[2015-10-30 02:57:39] thread 0: 121 hashes, 6.81 H/s
[2015-10-30 02:57:39] accepted: 178/178 (100.00%), 31.68 H/s at diff 16000 (yay!
!!)

mining with 4 threads?  I assume 4 is all of them and you would need 8MB L3 cache to use them all efficiently.  I bet you will get a better HR with less cores/threads.

In regards to solo mining with my bad comp, I just tried mining with simplewallet for the first time since upgrading to the windows 0.9 beta.  Getting  33.5 H/s with both cores or ~22 H/s with one.

[dEBRUYNE]

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

fluffypony today commented on the Monero forum that the delay in the code freeze will not push back the hardfork date because most people will want to upgrade to the new release.

Yeah!! the 0.9 release is less than 6 months away  

Before was stated that the new release (0.9) would be released before one of that dates, hence ArticMine's argument.

[americanpegasus]

Yeah!! the 0.9 release is less than 6 months away  

 
 
That could be seven minutes from now or in April 2016.  That gives me nothing to go on!    
 

[nioc]

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

fluffypony today commented on the Monero forum that the delay in the code freeze will not push back the hardfork date because most people will want to upgrade to the new release.

Yeah!! the 0.9 release is less than 6 months away  

Before was stated that the new release (0.9) would be released before one of that dates, hence ArticMine's argument.

I have no argument with his argument.  Just passing along some new info

[ArticMine]

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

https://forum.getmonero.org/4/academic-and-technical/303/a-formal-approach-towards-better-hard-fork-management The idea is a code freeze 30 days before a soft fork date with a hard fork starting six months after the soft fork date. So for example Code freeze release  plus tag: September 15th, 2015 Soft fork date: (not applicable in this case) October 15th 2015 hard fork date: April 15th 2016.

Edit 1: It is a good six weeks behind at best. The other option was to start the cycle on August 15, 2015 for a hard fork on March 15th 2015.

Edit 2: The market argument is based on the delayed release date even though the hard fork date would remain the same with a shortened upgrade period. We must keep in mind that database and low memory requirements are not a hard fork and would kick in immediately. Something like the blocktime change would kick in on the hard fork date.

[tyz]

I am not a big Monero supporter but I own some coins. It is very hard to understand why the coin shows such weakness when Bitcoin and most other coins are increasing their values over the last days/weeks. It seems to me that investors are selling their Moneros in oder to get into the other coins to jump on the pumping train.

[medusa13]

I am not a big Monero supporter but I own some coin. It is very hard to understand why the coin show such weakness when Bitcoin and most other coins are increasing its values over the last days/weeks. It seems to me that investors are selling their Monero in oder to get into the other coins to jump on the pumping train.

This pattern is allready very old. monero is a real alternative coin, current existing btc infrastructure can not be used with it.
i do think this also the reason why coins like ppc, nmc, ltc doge act like that

[luigi1111]

Yeah!! the 0.9 release is less than 6 months away  

 
 
That could be seven minutes from now or in April 2016.  That gives me nothing to go on!    
 

I bet 10 XMR for a release before December 1st. 

[Globb0]

Is there a way to top up without going via BTC ?

[macsga]

I am not a big Monero supporter but I own some coins. It is very hard to understand why the coin shows such weakness when Bitcoin and most other coins are increasing their values over the last days/weeks. It seems to me that investors are selling their Moneros in oder to get into the other coins to jump on the pumping train.

Weakness is one way to see it, stability is another. Every coin has two sides, depends on which one you've put your bets on. As for the "investors selling" don't forget that there's a possibility that "the investors" were just panic sellers (or even just one) that put up their time waiting for XMR to pump and noticed that if they followed the flash pump in LTC or a couple of days ago ETH, they could have gained more...

Ah, decisions, decisions...

[smooth]

Is there a way to top up without going via BTC ?

CNY on BTER

OTC for some sort of fiat (or non-BTC crypto) payment

EDIT: Poloniex XMR pairs, including vs. USDT. (Thanks macsga, I forgot those.)

[macsga]

Is there a way to top up without going via BTC ?

Poloniex can do the trick for you via other alts. Check the XMR column on the right of their UI, on how to do it with LTC/DASH/etc.

Cheers.