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Author Topic: [XMR] Monero Speculation  (Read 3215004 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.)
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June 13, 2019, 02:02:42 PM
 #40841

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

[img witdh=20]https://i.imgur.com/Lcoyf4Z.jpg[/img]

Quote
Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.


snip image

The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart

Actually, botnets *do* have the best interest of the network at heart. They are profit driven. They need the network to work in order for them to make money. Actually, they don't have any interest in the network, which is the best kind of interest. They want the network to keep working so they can make money.

Quote
like normal miners do.

Oh you mean like the selfish mining that has and will continue to occur on the bitcoin network? Empty blocks anyone? SPV mining? Those were fun.

Quote
Miners in general behave in a way thats beneficiary for them and do not hurt their network. Botnets basicly change miner behaviour from
honest mining to selfish mining. I prefer honest mining (Bitcoin) over selfish mining (Botnet-Driven Network) any day.

Bitcoin mining has not been honest and is predicted to devolve into chaos for the chain. , but thats due to a combination of selfish miners and a lack of block reward.

Quote
Then one has to wonder if this will all be for nothing anyways, this struggle against the natural evolution of mining (ASIC).
Just my two cents on the matter...
  

Evolution, exactly. Adapt or die. This is software. Software is free. Hardware is not. Hardware is shackled to the physical, software is free to roam the universe on beams of light. Monero is software. If Monero doesn't adapt it will die, just as bitcoin (in my opinion, obviously not a popular one around these parts, but for some reason people like their dystopian surveillance chain).

And obviously I'm not condoning botnets... I'm just saying that its absurd to cast them as harmful for the network when they are anything but. ASICs on the other hand....

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
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June 13, 2019, 06:08:27 PM
 #40842

Is it a headfake or not?

This is ~1.5 months on the daily.



This is still trying to break up.  I think what bitcoin does is going to have a big effect on the direction this goes. 

The next 24 hours are critical.

Is it true?
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June 13, 2019, 06:13:00 PM
 #40843

Is it a headfake or not?

This is ~1.5 months on the daily.



This is still trying to break up.  I think what bitcoin does is going to have a big effect on the direction this goes. 

The next 24 hours are critical.

Is it true?

Where's my prayer hands emjoi when I need it...
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June 13, 2019, 07:43:52 PM
 #40844

You know it's irritating.

I posted something in this thread that was actually geared to speculation.  It was kinda cryptic and possibly worded in a silly way.

My post centered on the state of the bollinger bands.  I posted it last Friday, and behold we might be seeing the beginning of a big move one way or the other...

And yet, my post did not meet the requirements of some jerkass mod?

Quote
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Whatever... why actually try to even pretend to bring the sort of content that the thread is about???

I'll just go shitpost on twitter.
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June 13, 2019, 08:20:26 PM
Merited by Globb0 (5)
 #40845


It is a very good news for GPU miners since ASICs miners producers will have less chance for making a secret miner.


Bot nets that is so 00's

The best post. Botnets are computers running Windows XP.  How much hash power have such computer compared to today's CPUs and GPUs. Almost none. Botnets today are subject that only troll son bitcointalk bother with.

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June 13, 2019, 08:24:39 PM
 #40846

you help please,

does it means that we can mine monero with ASIC miners?
I used to mine with GPU's until last year, and i have some asic waiting.
Or can someone please inform what changed or will change with simple words.


thanks

The Monero dev team is trying to make it difficult to build a working ASIC for Monero.  They want Monero to be mined with CPUs. This is meant to avoid mining centralization.

Thanks so much for the simple explaination...
So this means that CPUs will be better from GPUs ? And will be available to more users of course yes?
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June 13, 2019, 08:46:30 PM
 #40847

You know it's irritating.

I posted something in this thread that was actually geared to speculation.  It was kinda cryptic and possibly worded in a silly way.

My post centered on the state of the bollinger bands.  I posted it last Friday, and behold we might be seeing the beginning of a big move one way or the other...

And yet, my post did not meet the requirements of some jerkass mod?

Quote
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Whatever... why actually try to even pretend to bring the sort of content that the thread is about???

I'll just go shitpost on twitter.

WTF??? I didn't even think mods bothered in here. I thought that was the deal and why this is the one thread you can shitpost in?

I doubt Info popped you unless it was a mistake in a cleanup.

Don't even think about not posting in here, there are to few not on ignore as it is! Cheesy

^^^--- Hah, I thought this was posted in the WO thread. DOH.  

Repost what it was.

Edit: Ohh yeah...Ummm the price is up right?

Seriously though, repost it. It's not your fault if they didn't pick up on it and they are human and make mistakes. It's not like this is a common occurrence is it?

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June 13, 2019, 08:49:01 PM
 #40848

A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm, to no avail.

Why this time should it be different?
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June 13, 2019, 08:50:48 PM
 #40849

info isn't the boss of all the shitposting threds
ah ok you got it lol
mods delete

Reported. Cheesy

j/k

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June 13, 2019, 09:11:14 PM
 #40850

A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm
can you name two or three such coins, besides Monori?
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June 13, 2019, 09:13:23 PM
 #40851

A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm, to no avail.

Why this time should it be different?

Monero is taking a novel approach with the idea of RandomX.  I believe the plan is if this is not successful as countermeasures that we give up and just go SHA-3 or something.
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June 13, 2019, 09:17:07 PM
 #40852



Repost what it was.



I think I said something like:

"Look at them bollinger bands, yo!"

They were starting to look like chopsticks going after a gain of rice.  And now we are seeing a move...  So yeah... quality TA?  Not so much, but at least relevant. 

But BTC dominates and it's making the XMR/BTC drop a little as people fomo into the rising Bitcoin price. 

The question here is ifquality ALTs die on the vine, or if they follow in LTC's footsteps and the bluechip alts actually catch some wind here...  If not that was a headfake and the bollinger bands tightening is resolving in that big move down.
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June 13, 2019, 09:47:14 PM
 #40853

A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm
can you name two or three such coins, besides Monori?

Litecoin, myraidcoin off the top of my head, greoshcoin(sp) Darkcoin...

Long list, Tromp originally started Cookoo to be asic resistant.



Repost what it was.



I think I said something like:

"Look at them bollinger bands, yo!"

They were starting to look like chopsticks going after a gain of rice.  And now we are seeing a move...  So yeah... quality TA?  Not so much, but at least relevant.  

But BTC dominates and it's making the XMR/BTC drop a little as people fomo into the rising Bitcoin price.  

The question here is ifquality ALTs die on the vine, or if they follow in LTC's footsteps and the bluechip alts actually catch some wind here...  If not that was a headfake and the bollinger bands tightening is resolving in that big move down.

ROTFLMFAO! Yeah I remember seeing that and was just too lazy to look at a chart. Smiley

I also have no clue whats going to happen and am going to steal Gingers "Banana's" for my forecasts. Smiley

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June 13, 2019, 11:05:03 PM
 #40854

you help please,

does it means that we can mine monero with ASIC miners?
I used to mine with GPU's until last year, and i have some asic waiting.
Or can someone please inform what changed or will change with simple words.


thanks

The Monero dev team is trying to make it difficult to build a working ASIC for Monero.  They want Monero to be mined with CPUs. This is meant to avoid mining centralization.

Thanks so much for the simple explaination...
So this means that CPUs will be better from GPUs ? And will be available to more users of course yes?

You will be able to mine Monero with GPU and CPU.   Whenever mining algo changed in past each mining device got a bit different hashes as before. So it will happen again. Best is just test and see. There is still plenty of time until Sepetember.



A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm
can you name two or three such coins, besides Monori?

Ethereum failed at it.   Monero is at the edge of the technology. So unbelievable things happens.

.BitDice.               ▄▄███▄▄
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June 14, 2019, 12:56:35 PM
 #40855

you help please,

does it means that we can mine monero with ASIC miners?
I used to mine with GPU's until last year, and i have some asic waiting.
Or can someone please inform what changed or will change with simple words.


thanks

The Monero dev team is trying to make it difficult to build a working ASIC for Monero.  They want Monero to be mined with CPUs. This is meant to avoid mining centralization.

Thanks so much for the simple explaination...
So this means that CPUs will be better from GPUs ? And will be available to more users of course yes?

You will be able to mine Monero with GPU and CPU.   Whenever mining algo changed in past each mining device got a bit different hashes as before. So it will happen again. Best is just test and see. There is still plenty of time until Sepetember.



A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm
can you name two or three such coins, besides Monori?

Ethereum failed at it.   Monero is at the edge of the technology. So unbelievable things happens.


XMR is designed as a bot net coin ~ asics compatibility would ruin this aspect  Cool you new here? lol

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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June 14, 2019, 01:27:36 PM
 #40856

gembitz is great


See how easy it is to type lies on the internet kids?

Don't listen to junk.
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June 14, 2019, 01:34:27 PM
 #40857

gembitz is great


See how easy it is to type lies on the internet kids?

Don't listen to junk.

fluffy pony dick told me botnet coins are legit as fuck Wink weee

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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June 14, 2019, 01:55:04 PM
 #40858

You are irrelevant.

Enjoy your life.

Bye
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June 14, 2019, 02:30:39 PM
 #40859

You are irrelevant.

Enjoy your life.

Bye

I went in to see if I should take him off ignore yesterday and SHIT he just keeps spiraling down.
I think he needs to find the right meds.

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June 14, 2019, 02:44:05 PM
 #40860

You are irrelevant.

Enjoy your life.

Bye


* STOP AND THINK * you tell me the difference between bytecoin and monero? same code you n00b =) lmfao

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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