[XMR] Monero Speculation

[saddambitcoin]

Also, https://forum.getmonero.org/5/support/2388/useful-monero-related-tools

On that site, the link to the "Monero offline wallet generator" tool is broken.

Working fine for me. What browser are you using?

I switched servers yesterday and made the site HTTPS only, so perhaps that is the cause of the issue. Try refreshing your browser cache maybe.

[luigi1111]

Also, https://forum.getmonero.org/5/support/2388/useful-monero-related-tools

On that site, the link to the "Monero offline wallet generator" tool is broken.

Working fine for me. What browser are you using?

I switched servers yesterday and made the site HTTPS only, so perhaps that is the cause of the issue. Try refreshing your browser cache maybe.

The redirect to https didn't work for me until I manually went there.

[TrueCryptonaire]

Only short period of time until Monero hits minimum block reward.
Most of pre-minimum coins are mined now unlike 1 year ago.
Next year Monero has a true chance of getting high prices if any meaningful amounts of people are about to embrace Monero as their coin of save haven. Now Monero is still relatively cheap and personally I have been scooping some coins at these levels.

[nioc]

Is it true?

[TrueCryptonaire]

Yes it is. The Chikun is about to rise soon.

[rpietila]

CKG hit parity against XMR (in which it is priced) and now is already 1.25 XMR.

Which aint too bad considering that for months you could buy it for <0.1 XMR...

Even a rather small uptick in CKG causes a ripple effect in XMR which is required to buy it.

[TrueCryptonaire]

Good to have CKG giving some pressure.
Some CKG dumps every now and then makes XMR stronger as people want to acquire an asset for discount and in order to do that they need to buy some additional Moneros.

Other merchants that store and tie up tons of Moneros would be welcome... Ideally some digital ones that do not put selling pressure on Monero markets but rather hoard excessive amounts of Moneros.

[ArticMine]

I do not expect much to happen with Monero price wise until 0.9 comes out. After that there will likely be some action.

[BitmoreCoin]

i am not familiar with the coin production of Monero. How many coins will be created/mined over the next years. is there a graphic of coin creation over the complete horizon like for Bitcoin?

This should help you:

https://docs.google.com/spreadsheets/d/1qXi7zUSIh7F6UuSuhOryyFbHEy_LJuym3I3neAga_2s/edit?usp=sharing

https://upload.wikimedia.org/wikipedia/en/d/db/Monero_coin_supply_and_inflation_over_time.png

Furthermore, Monero has a perpetual inflation. That is, after all the initial coins are emitted, Monero has an inflation of ~1% a year. It's actually 0.3 XMR per block (blocktime is 1 minute (will be changed to 2 soon, but rewards will stay the same, so still 0.3 per minute)). Due to this formula, percentage wise the inflation gets lower every year.

Also, from the wikipedia:

Slowly decreasing block reward reaching approx 18.4 million XMR in 8 years,[1] and then a "tail emission" creates a constant increase in money supply amounting to 157,788 XMR per year (mining incentive). This corresponds to an inflation rate of 0.87% around the year 2022, monotonically decreasing towards 0% asymptotically. [2]/quote]

https://en.wikipedia.org/wiki/Monero_(cryptocurrency)

If the emission rate is fixed at 157,788 per year, then the inflation will be almost 0 after 20 years. But the paragraph above also mentioned less than 1% a year. I thought that inflation figure is fixed. So annual emission will increase although the rate is kept below 1%.

[hudd]

I would expect about 70 min for a 200 GB HDD to refresh 100,000 blocks. Still I would not hold up 0.9 over this since there are simple fixes for a user.

I had to refresh from beginning with 820,000 blocks. Monero currently has low transaction volume, the coin has to prepare for the situation which significant adoption occurred and number of transaction shoot up 10 folds. In that case see the problem would be very serious with refreshing (together with syncing database and disk space usage).

[smooth]

I had to refresh from beginning with 820,000 blocks. Monero currently has low transaction volume, if we have would ever gain significant adoption and number of transaction shoot up 10 folds you'll see the problem with refreshing (together with syncing database and disk space usage).

Currently it does have low transaction volume. Early on it had huge transaction volume because the newly-developed pool software was very stupid in how it did payouts (every single miner no matter how small was paid out on every single block). Later there were two spam attacks. When refreshing from the beginning you will have to scan through that first several months with high volume before reaching the current, relatively low, volume.

[ArticMine]

I would expect about 70 min for a 200 GB HDD to refresh 100,000 blocks. Still I would not hold up 0.9 over this since there are simple fixes for a user.

I had to refresh from beginning with 820,000 blocks. Monero currently has low transaction volume, the coin has to prepare for the situation which significant adoption occurred and number of transaction shoot up 10 folds. In that case see the problem would be very serious with refreshing (together with syncing database and disk space usage).

How long did it take and what was the hardware? Namely: CPU, HDD / SSD drive RAM etc.

[newb4now]

I do not expect much to happen with Monero price wise until 0.9 comes out. After that there will likely be some action.

The wait will be worth it. This is a major update and I am happy the devs are testing it carefully.

[iCEBREAKER]

I do not expect much to happen with Monero price wise until 0.9 comes out. After that there will likely be some action.

The wait will be worth it. This is a major update and I am happy the devs are testing it carefully.

Wow very understatement!

Monero 0.9 is the most epic update in the history of epic updates.  Bigger than Windows 3.1 or anything else!

It will lay the foundation on which the rest of the roadmap can built out.

As of now, we're still in the surveying/permitting/concrete mixing phase.

But Soon....

[mrkavasaki]

Lol you guys are still holding moonero?

[ArticMine]

It is a major release because it includes the completed development goals, including databases and 32bit / ARM support. It also includes the blocktime fork from 1 min to 2 min and the tail emission at 0.3 XMR (1 min blocks) 0.6 XMR (two min blocks). It will also be the first official release in over 11 months.

[ArticMine]

Lol you guys are still holding moonero?

Yes some of us are. Quoted for posterity.

[iCEBREAKER]

Lol you guys are still holding accumulating moonero?

Yes some of us are. Quoted for posterity.

Fixed for posterity!   

[birr]

monero to the moon! (for posteriority)

[DonYo]

Nice ass