Bitcoin Forum
August 04, 2020, 08:49:50 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 [2021] 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 ... 2105 »
  Print  
Author Topic: [XMR] Monero Speculation  (Read 3247069 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 2 users deleted.)
cAPSLOCK
Legendary
*
Offline Offline

Activity: 2632
Merit: 1696


Holding my Breath


View Profile
February 06, 2019, 06:03:03 PM
 #40401

Just want to point out we have seen ANOTHER one of those:

BTC dump
XMR action
BSV pump

trios again.

The XMR part is kind of subtle this time, as what I am seeing is a broad alt selloff while XMR is flat to positive.  Aside from Binance coin (and faketoshis spreadsheetcoin) XMR is the only coin holding up.

I't probably some sort of bias on my part, but I often feel like XMR bucks the trends of other alts.

BTW, what the heck is going on with BTC.  Some interesting stuff...  lots of splashing around.
1596530990
Hero Member
*
Offline Offline

Posts: 1596530990

View Profile Personal Message (Offline)

Ignore
1596530990
Reply with quote  #2

1596530990
Report to moderator
1596530990
Hero Member
*
Offline Offline

Posts: 1596530990

View Profile Personal Message (Offline)

Ignore
1596530990
Reply with quote  #2

1596530990
Report to moderator
1596530990
Hero Member
*
Offline Offline

Posts: 1596530990

View Profile Personal Message (Offline)

Ignore
1596530990
Reply with quote  #2

1596530990
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1596530990
Hero Member
*
Offline Offline

Posts: 1596530990

View Profile Personal Message (Offline)

Ignore
1596530990
Reply with quote  #2

1596530990
Report to moderator
Bitcoinaire
Sr. Member
****
Offline Offline

Activity: 684
Merit: 430



View Profile
February 06, 2019, 06:37:03 PM
 #40402

Quote from: ArticMine
In any case I hate to say I told you so, but I sold all my Bitcoin for Monero over this issue with the bulk of the sales completed well over 3 years ago.


I still have some as a hedge, though I was seriously considering dumping them but couldn't pull the trigger back then. I remember when saddam did a similar thing too. So what are your thoughts, will bitcoin get taken over by another coin (monero, bcash?, etc), or the thinking is monero will out preform bitcoin from here on out?
ArticMine
Legendary
*
Offline Offline

Activity: 2268
Merit: 1041


Monero Core Team


View Profile
February 06, 2019, 08:28:42 PM
Merited by Hueristic (1), Bitcoinaire (1)
 #40403

...
I still have some as a hedge, though I was seriously considering dumping them but couldn't pull the trigger back then. I remember when saddam did a similar thing too. So what are your thoughts, will bitcoin get taken over by another coin (monero, bcash?, etc), or the thinking is monero will out preform bitcoin from here on out?

I consider Monero to pose a very serious long term threat to Bitcoin's dominance. This is because of the combination of the adaptive block weight with fungibility. Unlike Ethereum, which nearly dethroned BItcoin in 2017 - 2018 https://coinmarketcap.com/charts/#dominance-percentage, Monero does what Bitcoin was originally designed to do; namely be a cash like digital transactional currency. All it takes is a move in XMR / BTC such as what occurred in 2016 and Bitcoin's dominance is under threat, since the market will be comparing Monero directly with Bitcoin on a technical level. As for Bitcoin Cash and Bitcoin SV these coins cannot compete with Monero on long term scaling let alone on fungibility.

Edit: I would watch out if Monero overtakes either Bitcoin Cash and / or Bitcoin SV in market cap. That could be very interesting. Furthermore there is no need for Monero to break the high of 0.03558 BTC in order to do that.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
Globb0
Legendary
*
Offline Offline

Activity: 2324
Merit: 1867


Moon base alpha


View Profile
February 06, 2019, 08:57:30 PM
 #40404

I have been thinking to, at some point, grab some SV.

Not for any fundamental reasons, more as a hedge against CSW screwing everything up for everyone.   :/  

.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 2632
Merit: 1696


Holding my Breath


View Profile
February 06, 2019, 09:57:35 PM
 #40405

I have been thinking to, at some point, grab some SV.

Not for any fundamental reasons, more as a hedge against CSW screwing everything up for everyone.   :/  

In the case David Klieman was SN and Craig talked a humongous wallet.dat file out of DK's wife?  And he will dump BTC into the sewer and then buy up so much BSV it goes to 10k?
Globb0
Legendary
*
Offline Offline

Activity: 2324
Merit: 1867


Moon base alpha


View Profile
February 07, 2019, 08:50:55 AM
 #40406

He so smug he has some secret plan like patenting bitcoin or some crap.

Anyway Im a long time all in Monero

(except for a bit of BTC from my bro MicG)


.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
astraleureka
Jr. Member
*
Offline Offline

Activity: 223
Merit: 5


View Profile
February 07, 2019, 10:47:07 AM
 #40407

I heard a rumor a few weeks back (Jan 19th) regarding ASICs on the network - supposedly there was a batch of 5000 miners manufactured for a private Chinese farm that went online just recently. It seems to be pretty feasible after comparing against some analytics done on the nonce ranges of historic blocks:

https://github.com/noncesense-research-lab/nonce_distribution/blob/master/nonce_distribution.ipynb

Conveniently enough, this analysis concludes the miners came online around Jan 9th. Some chit-chat from IRC matches up as well:

Quote
<@solar> i got some confirmation about asics too
<@solar> there's at least 1 group with cnv2 asics, 65nm
<@solar> supposedly a batch of 5000

<sech1> So after a thorough analysis of the winning nonces for blocks 1760000-1765000 I can say this about ASICs that are on the network now:
<sech1> 320 cores (10 chips x 32 cores?)
<sech1> each core processes nonces with 2^22 step - from 0 to ~1.34e9
<sech1> Single core speed is 400 h/s - calculated from the area of spikes (which come with 2^22 step) on winning nonce graph
<sech1> Overall ASIC device speed = 128 kh/s (400*320)
<sech1> Around 4000-4500 ASICs online now

<sech1> M5M400 they do mine on public pools: f2pool, viabtc, poolin - they all submit blocks with winning nonces strictly in ASIC nonce ranges
<sech1> all 3 are Chinese pools ironically
<sech1> so we can just count them in "unknown hashrate" part
<sech1> which leaves only 230 MH/s known
<sech1> and 641 MH/s = almost exactly 5000 * 128 kh/s solar

At the time of this post, network hashrate is 850 MH/s (640 MH/s being 75% unknown), putting us squarely in the danger zone for network-level attacks. This is also a major drain on public pools - with only 230MH/s of "legitimate" miners popular pools are operating at a significant loss, having only 60-70 MH/s on average (e.g. SupportXMR at 0.6% is just below $1300/mo, while their server expenses are approximately $5000/mo). With the next hard fork still a few months out this is a completely unsustainable scenario and will eventually lead to the closure and consolidation of the public pools, not to mention a mass exodus of "legitimate" miners.
Globb0
Legendary
*
Offline Offline

Activity: 2324
Merit: 1867


Moon base alpha


View Profile
February 07, 2019, 11:42:41 AM
Merited by cAPSLOCK (3)
 #40408

All miners are legitimate miners, what do you think they are buying if they really built this new tech?


.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
astraleureka
Jr. Member
*
Offline Offline

Activity: 223
Merit: 5


View Profile
February 07, 2019, 11:57:21 AM
 #40409

I meant "legitimate miners" to mean CPU/GPU miners using publicly available software and commodity hardware. It excludes FPGA and ASIC miners.
cercitolga4545
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250



View Profile
February 07, 2019, 12:32:59 PM
 #40410

XMR and other large coins have lost too much value. Now a new story can be written. One possibility is that bitcoin could go down to $ 2400. And now the rise will begin.
elrippos friend
Full Member
***
Offline Offline

Activity: 880
Merit: 149


only hodl what you understand and love!


View Profile
February 08, 2019, 04:23:46 AM
 #40411

I don't know, why you guys panic. Low prices + hash rate goes up = high prices in the near future
 Wink Cheesy

aliceHortrex
Sr. Member
****
Offline Offline

Activity: 672
Merit: 250


CryptoTalk.Org - Get Paid for every Post!


View Profile WWW
February 08, 2019, 07:51:19 AM
 #40412

I don't know, why you guys panic. Low prices + hash rate goes up = high prices in the near future
 Wink Cheesy
I also do not understand this reaction. Now we need to buy more cryptocurrency assets, especially Monero.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
astraleureka
Jr. Member
*
Offline Offline

Activity: 223
Merit: 5


View Profile
February 08, 2019, 08:11:57 AM
 #40413

You don't see any negative impact over a single miner controlling 75% of the network? They could attack the chain at any time until the hard fork (2 months away) with ease.
Globb0
Legendary
*
Offline Offline

Activity: 2324
Merit: 1867


Moon base alpha


View Profile
February 08, 2019, 09:16:21 AM
 #40414

and the second that is revealed all their coins would immediately drop to worthless

Doesn't make sense to me if the truth is that they spent a lot developing a specialist hardware in an incredible short time?




.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
tokeweed
Legendary
*
Offline Offline

Activity: 2576
Merit: 1083


Life, Love and Laughter...


View Profile
February 08, 2019, 02:18:09 PM
 #40415

All miners are legitimate miners, what do you think they are buying if they really built this new tech?



And if 75% of the total hash rate is controlled by bad actors, then I'm pretty sure an emergency hard fork to brick those ASIC's is in order...?  I mean the devs already did it once.  I can't see how it can't be done again.

generalizethis
Legendary
*
Offline Offline

Activity: 1750
Merit: 1031


Facts are more efficient than fud


View Profile WWW
February 08, 2019, 02:42:02 PM
 #40416

All miners are legitimate miners, what do you think they are buying if they really built this new tech?



And if 75% of the total hash rate is controlled by bad actors, then I'm pretty sure an emergency hard fork to brick those ASIC's is in order...?  I mean the devs already did it once.  I can't see how it can't be done again.

And how do we tell they're bad actors? According to bitcoin logic you can't tell who is using a mining pool, so shouldn't worry about it. Still trying to understand how anyone thinks, "China has some of the cheapest electricity on earth, China has some of the cheapest electronics on earth, mining pools located in China control much of the hash, but we can't assume it's Chinese miners." It's like some people don't know how economies of scale work.

estenity
Hero Member
*****
Offline Offline

Activity: 1652
Merit: 522


View Profile
February 08, 2019, 05:18:16 PM
 #40417

announcement of mimblewimble addon for litecoin has generated a pump ?

https://bitcointalk.org/index.php?topic=178336.msg49645721#msg49645721

it will be rhe same for XMR ??
kurious
Legendary
*
Offline Offline

Activity: 2198
Merit: 1501



View Profile
February 08, 2019, 05:42:50 PM
 #40418

announcement of mimblewimble addon for litecoin has generated a pump ?

https://bitcointalk.org/index.php?topic=178336.msg49645721#msg49645721

it will be rhe same for XMR ??

I don't see what it would add in functionality or privacy that would make sense.

我想要火箭和火车
estenity
Hero Member
*****
Offline Offline

Activity: 1652
Merit: 522


View Profile
February 08, 2019, 07:42:44 PM
 #40419

announcement of mimblewimble addon for litecoin has generated a pump ?

https://bitcointalk.org/index.php?topic=178336.msg49645721#msg49645721

it will be rhe same for XMR ??

I don't see what it would add in functionality or privacy that would make sense.

thank you, I have read that fluffypony wants to put mimblewimble in TARI sidechain of XMR.
Globb0
Legendary
*
Offline Offline

Activity: 2324
Merit: 1867


Moon base alpha


View Profile
February 08, 2019, 10:09:59 PM
 #40420

Little bit of a pump, looking at it bitcoin too.

Reassuring to see we can still have positive action.


.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
Pages: « 1 ... 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 [2021] 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 ... 2105 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!