[XMR] Monero Speculation

[TrueCryptonaire]

I am becoming increasingly bullish.

When do you think it will start a new leg upwards?

[1715036704]

1715036704

[aminorex]

Could be now.  Burned off a lot of ask and the bid keeps rising.  I think it could handle a 100000 XMR dump and snap back to 200ksat in 8 hours right now.  Wouldn't that be nice;). Almost like BTC 2012 all over again.  Ask at 200 down to 35 BTC and falling.  I see them as last chance coins.

[medusa13]

i hope you are right aminorex.
lets see who is out of ammo first...

looks like its time for the big guns, right now !

[GingerAle]

Hello everyone. First time poster here.

I've done some research on Monero (vis-a-vis BTC and ETH) and decided to get some XMR.
It's now sitting snugly in simplewallet.

I have a question for moneroj-mining experts here.

Will the upcoming Nvidia Pascal cards significantly up the hashrate per GPU?

http://www.techtimes.com/articles/134957/20160220/nvidia-pascal-gp100-gpu-to-rock-4-tflops-double-precision-12-tflops-single-precision-processing-power.htm

The upcoming Pascal is much anticipated for its more efficient 16nm FinFET architecture and will have up to 16GB of High-Bandwidth Memory (HBM).

Or is it more fuss-free to simply rent servers via Interserver or AWS and use it for remote mining?
Let's take the cost of electricity out of the equation first.

Thanks and appreciate all the ongoing intelligent discussion here.

Thanks for the info. Theoretically the hashrate per GPU should increase, though I have no idea if the new architecture would require an entire retooling of the nvidia mining software. This might be a good initiative to repurpose , or think about repurposing, that nvidia mining bounty (funding) thats sitting at the forum.

Its always more fuss-free to rent servers. Whether or not its cost effective is a different question, and that answer depends on that price of monero.

How this new architecture will probably play out: if its a significant increase in hashrate / card / watt, and it needs new software, a private miner will be developed. The private miner will exist for n months. If the performance increase is significant enough, we'll see another stream of quick-to-sell emissions (professional miners are the ones that usually pay for development of private mining software, and professional miners only really care about turning a profit). After n months, an open source alternative will spread, decreasing the quick-to-sell volume.

More likely than not, any other coin gets a better return for GPU mining at this point, unless you're hodling.

Long story short, CPU solo mine while you can. Hard forks coming - less lottery drawings per day (1 block found every 2 minutes vs every 1 minute).

[jwinterm]

...

More likely than not, any other coin gets a better return for GPU mining at this point, unless you're hodling.

...

Decred has been really profitable lately. I've been mining and selling about half, and I think just with the btc I get from selling half it's still more profitable than like anything else. Seems unsustainable, but hey, nice while it lasts.

[TrueCryptonaire]

Could be now.  Burned off a lot of ask and the bid keeps rising.  I think it could handle a 100000 XMR dump and snap back to 200ksat in 8 hours right now.  Wouldn't that be nice;). Almost like BTC 2012 all over again.  Ask at 200 down to 35 BTC and falling.  I see them as last chance coins.

If one wants to acquire 100 btc worth of Moneros, it is pretty cheap now as the slippage is not more than 5-6 %. That makes it very profitable to organize OTC deals with quantities and then marketbuying those coins.

[dEBRUYNE]

Crosspost:

Somebody mentioned Monero dynamic block on /r/Bitcoin with link to fluffypony video and how it should/could be used in BTC.
https://www.reddit.com/r/Bitcoin/comments/48gfm9/lets_implement_this_on_bitcoin_dynamic_block/

[americanpegasus]

That's great guerrilla marketing for Monero.     
 
"Let's implement this amazing feature from Monero into Bitcoin!" (ring sigs, dynamic blocksize, etc) 
 
"Well we can't because it's not possible in Bitcoin." 
 
 
 
In other news, yesterday when the 30k sell wall first fell I watched the market depth and all the 'fake' sells dropped away temporarily.  It was a dramatic difference from how it normally looks, and there was maybe only 200 bitcoins until 0.00300. 

[TrueCryptonaire]

I think the majority of btc community get the point once Monero's marketcap is somewhere Etherium is now or even higher.

Some heavy dumping taking place.

[dEBRUYNE]

I think the majority of btc community get the point once Monero's marketcap is somewhere Etherium is now or even higher.

Some heavy dumping taking place.

ETH mooning might be the reason.

[TrueCryptonaire]

I think the majority of btc community get the point once Monero's marketcap is somewhere Etherium is now or even higher.

Some heavy dumping taking place.

ETH mooning might be the reason.

The good news is, there are open short positions (96 % of my Moneros in lending markets are employed and the remaining 4 % are waiting for higher interest rates) - the open short positions are giving some liquidity to for the downside.

[tifozi]

I think the majority of btc community get the point once Monero's marketcap is somewhere Etherium is now or even higher.

Some heavy dumping taking place.

ETH mooning might be the reason.

Has happened almost everytime aminorex comes and posts that he feels bullish XMR 

[americanpegasus]

Well, some people flip out of XMR to chase the ETH pump.  But last month they were sorry when three days later XMR abruptly moon'd as well.  In any case, it looks like strong support in the 180k to 190k range, and thousands of new Bitcoins entering Poloniex.  
  
Thousands of new Bitcoins in volume is a good thing for us.

[TrueCryptonaire]

Some shorts have been covered. Still a big part of shorts are open waiting for being closed probably in the money.

[hitchingAride]

Well, some people flip out of XMR to chase the ETH pump.  But last month they were sorry when three days later XMR abruptly moon'd as well.  In any case, it looks like strong support in the 180k to 190k range, and thousands of new Bitcoins entering Poloniex.  
  
Thousands of new Bitcoins in volume is a good thing for us.

Sorry but where do you see the new bitcoins deposited in poloniex. Speaking of volume the bid volume is a little down but I agree with the support you said which seems strong.

[dEBRUYNE]

Experimental Trezor Firmware Testing (testers needed):

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing

[Bagatell]

Experimental Trezor Firmware Testing (testers needed):

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing

Oh yes!

[americanpegasus]

Well, some people flip out of XMR to chase the ETH pump.  But last month they were sorry when three days later XMR abruptly moon'd as well.  In any case, it looks like strong support in the 180k to 190k range, and thousands of new Bitcoins entering Poloniex.  
  
Thousands of new Bitcoins in volume is a good thing for us.

Sorry but where do you see the new bitcoins deposited in poloniex. Speaking of volume the bid volume is a little down but I agree with the support you said which seems strong.

Sorry, just a guess on my part judging by the new volume.

Experimental Trezor Firmware Testing (testers needed):

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing

Oh yes!

Wow, this is a big deal!  Thanks for working on this! 

[hitchingAride]

You may be right about the volume I was curious if there's a way to see

[dEBRUYNE]

Experimental Trezor Firmware Testing (testers needed):

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing

Oh yes!

Wow, this is a big deal!  Thanks for working on this! 

You should thank NoodleDoodle :-)