[XMR] Monero Speculation

[bitcoinvest]

my greetings after long time,

just a question. is Monero going up because of the upcoming fork ?

Monero forked weeks ago.

Really?? how is that? https://monerov.org/  clearly says ~30th of April 2018... and as far as i know we are on 22th of April today.

You speak for another fork?

[DaveyJones]

my greetings after long time,

just a question. is Monero going up because of the upcoming fork ?

Guess Partially ... im not hearing as much/an noise at all about V unlike last time.

[DaveyJones]

my greetings after long time,

just a question. is Monero going up because of the upcoming fork ?

Monero forked weeks ago.

Really?? how is that? https://monerov.org/  clearly says ~30th of April 2018... and as far as i know we are on 22th of April today.

You speak for another fork?

He was talking about the REAL fork where monero upgraded from ASICs back to CPU/GPU ... this is just a shitcoin fork ... look @ XMO or XMC they didnt go anywhere

[cAPSLOCK]

my greetings after long time,

just a question. is Monero going up because of the upcoming fork ?

More than likely.

I would agree but with one caveat.    This time Montero is rising in concert with much of the rest of the top altcoin market.  Possible it's overall rise may be fueled by more than fork speculation.

[bitcoinvest]

my greetings after long time,

just a question. is Monero going up because of the upcoming fork ?

Monero forked weeks ago.

Really?? how is that? https://monerov.org/  clearly says ~30th of April 2018... and as far as i know we are on 22th of April today.

You speak for another fork?

He was talking about the REAL fork where monero upgraded from ASICs back to CPU/GPU ... this is just a shitcoin fork ... look @ XMO or XMC they didnt go anywhere

I was not following the news for some period, thanks for the other forks info.
I keep some coins and i haven't sync them for 1 year since i do not want to sell no matter before  2020...

[Febo]

https://monerobase.com/wiki/DevMeeting_2018-04-22


v0.12.1
-The GUI devs are working on a v0.12.1 build that fixes the (std::bad_cast) bug.
-GUI OpenAlias support.
-A Linux Wayland workaround(forcing XCB)
-Windows GUI will have ANGLE and MESA graphics libraries as a fallback
Monero Ecosystem/Projects: https://github.com/monero-ecosystem/meta
MyMonero for Apple iOS is in TestFlight
-If you're interested in joining the TestFlight, contact endogenic and get on the waitlist.
hyc is working on a Proof of Concept for a different PoW(proof of work) algorithm for Monero.
MoneroMooo is working on wallet refresh performance.
Devs are looking into ways to adjust the wallet so that users are more aware of when they may be on a non-official fork/chain.
The Official Monero Hardware Wallet (developer's edition, "Breakneck") is currently being tested.
Next meeting is May 6th, 2018.



So at beginning of May we will most likely get 0.12.1 with Ledger support.

[Hueristic]

What a glorious sight, .03 in the rearview. It better stay there!

[spirali]

Monero is now one of the most profitable coins to mine for GPU miners. Maybe many miners decided to mine Monero, they discovered the greatness of this project in the process, and exchanged some of the coins they already had. I just hope it's not the upcoming MoneroV fork which is artificially pumping...

[Febo]

Monero is now one of the most profitable coins to mine for GPU miners. Maybe many miners decided to mine Monero, they discovered the greatness of this project in the process, and exchanged some of the coins they already had. I just hope it's not the upcoming MoneroV fork which is artificially pumping...

Many GPU miners jumped in as soon as ASIC miners were kicked out. But that then raised Monero network hash power and raised difficulty. So profits were not so good anymore. But, but, but. At least some of this miners got the clear message that Monero care about them and did not leave no matter if there is soe x coin more profitable at this point. That combined with positive press about it for sure build some hype or is still building it.

[spirali]

Many GPU miners jumped in as soon as ASIC miners were kicked out. But that then raised Monero network hash power and raised difficulty. So profits were not so good anymore. But, but, but. At least some of this miners got the clear message that Monero care about them and did not leave no matter if there is soe x coin more profitable at this point. That combined with positive press about it for sure build some hype or is still building it.

It's exactly what I meant. But Monero difficulty is still low (see https://www.coinwarz.com/difficulty-charts/monero-difficulty-chart) and it's still the most profitable coin to mine with AMD RX cards which are very popular (see http://whattomine.com/ for 570 or 580 cards). The community really took the right decision here!

[smooth]

Deleted plagiarism as well as replies.

Monero activated its semi-annual hard fork on April 6, bringing a host of new upgrades. One particular Monero upgrade, though, threatens to split the network into two competing chains.Monero earlier this year announced its intention to update its instance of the Cryptonight Proof-of-Work (PoW) mining algorithm at regular intervals to prevent mining hardware manufacturers from developing Monero-compatible Application Specific Integrated Circuit (ASIC) miners, as critics allege that these devices lead to mining centralization and threaten the network’s health.ASIC chips maximize efficiency to such an extent that it becomes no longer profitable to mine with GPU miners, whose chips are general-purpose and use for everything from PC gaming to searching for extraterrestrial life

[Raven89]

If you count that Masari uses a weighted harmonic mean difficulty adjustment algorithm for smoother difficulty adjustment, which has been PR'd back to Monero you already have a kick-ass coin. It also has only ever used RingCT, has a fixed ring size of 13, and we plan on adding uncle mining and researching block tree sharding.

Overstatement?

WHM dev + details : https://github.com/zawy12/difficulty-algorithms/issues/3
Monero project discussion : https://github.com/monero-project/research-lab/issues/3

WHM was adopted by MSR, they didn't invent it. Reading source comments MSR devs did contribute some.

In Official XMR github Fluffypony says he prefers EMA.

Clones will be clones - good for testing stuff though.

I don't know bro...i like Monero better, but i don't say no to a good clone with a kick-ass dev. Masari dev has submitted a PR to Monero which has since been reviewed & approved by Moneromoo: https://github.com/monero-project/monero/pull/3683

[Nathan047]

What a glorious sight, .03 in the rearview. It better stay there!

If Bitcoin can hold it's current price then I'm sure we'll see Monero do the same.

[nazzer]

What a glorious sight, .03 in the rearview. It better stay there!

If Bitcoin can hold it's current price then I'm sure we'll see Monero do the same.

XMR is outperforming BTC, Monero is holding on to 0.031/280+ solidly - I reckon we'll see 300 before bitcoin sees 10k

[smooth]

If you count that Masari uses a weighted harmonic mean difficulty adjustment algorithm for smoother difficulty adjustment, which has been PR'd back to Monero you already have a kick-ass coin. It also has only ever used RingCT, has a fixed ring size of 13, and we plan on adding uncle mining and researching block tree sharding.

Overstatement?

WHM dev + details : https://github.com/zawy12/difficulty-algorithms/issues/3
Monero project discussion : https://github.com/monero-project/research-lab/issues/3

WHM was adopted by MSR, they didn't invent it. Reading source comments MSR devs did contribute some.

In Official XMR github Fluffypony says he prefers EMA.

Clones will be clones - good for testing stuff though.

I used to prefer EMA and I had explored WHM years ago (though never implemented in an actual coin), but after further study of attack vectors I've returned to supporting some form of SMA, which is reasonably close to what Monero already has (and a close cousin of what Bitcoin uses, though tuned to adjust faster).

The exotic difficult adjustment algorithms do not add value IMO. Precise clockwork-like block times are not needed (and indeed with random block times we never have that anyway), and the recent anti-ASIC hard fork which knocked about 85% of the hash rate off the network demonstrated this pretty well. We had some slow blocks for a couple of days but so what? It was pretty much like Monero with Bitcoin-style block times (but with the variable block size to avoid large backlogs), and that worked just fine. In no way did this significantly harm the network or coin.

[cryptokwuk]

How low do you think XMR will crash after the XMV fork? I'm expecting it to correct back to around 0.020~0.024 btc

[ozkraut]

How low do you think XMR will crash after the XMV fork? I'm expecting it to correct back to around 0.020~0.024 btc

cryptokwuk eh? And again being as positive as another duck that waddled in here from time to time...
Something seems a little 'fowl' here....

[nanobrain]

How low do you think XMR will crash after the XMV fork? I'm expecting it to correct back to around 0.020~0.024 btc

cryptokwuk eh? And again being as positive as another duck that waddled in here from time to time...
Something seems a little 'fowl' here....

"Eggs"actly what I was thinking.

[Febo]

How low do you think XMR will crash after the XMV fork? I'm expecting it to correct back to around 0.020~0.024 btc

Let me take my crystal ball out.
If at that time Bitcoin will be close to $5000 then Monero will be at 0.024-0.027 range.
If at that time Bitcoin will be close to $7000 then Monero will be at 0.027-0.03 range
If at that time Bitcoin will be close to $9000 then Monero will be at 0.03-0.032 range
If at that time Bitcoin will be close to $11000 then Monero will be at 0.032-0.034 range 
If at that time Bitcoin will be close to $13000 then Monero will be at 0.034-0.036 range 

[nazzer]

How low do you think XMR will crash after the XMV fork? I'm expecting it to correct back to around 0.020~0.024 btc

XMR has already corrected itself after the v7 fork, there isn't any appetite for "yet another Monero fork"

I'm still looking at $300 by end of month with maybe a brief trip up to $350.

I reckon XMR will continue to outperform BTC - though it might not reach the 400-500 highs just yet.