[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1075.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: smooth on March 15, 2015, 08:20:43 PM

The main thing I would worry about in terms of that would be scam accusations, sort of turning the coin into a bonnet.

THE TRUTH ABOUT THE MONERO SCAM

Bassica

sr. member

Activity: 283

Merit: 250

Quote from: GingerAle on March 16, 2015, 07:17:51 AM

Quote from: Bassica on March 16, 2015, 07:06:53 AM

If Satoshi were still in crypto, he'd be working on xmr

Kiss

who says he's out? who says he isn't? ( is it true? ) sorry i couldn't resist.

who says it's a he? Not she, or them?

ok rephrase:
If Satoshi's still in crypto, Satoshi's working on xmr

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: Bassica on March 16, 2015, 07:06:53 AM

If Satoshi were still in crypto, he'd be working on xmr

Kiss

who says he's out? who says he isn't? ( is it true? ) sorry i couldn't resist.

Bassica

sr. member

Activity: 283

Merit: 250

If Satoshi were still in crypto, he'd be working on xmr

Kiss

Globb0

legendary

Activity: 2674

Merit: 2053

Free spirit

Thanks for the answers, similarly no whale.

XMR is my last best hope, everything else has been robbed or destroyed. Tongue

Shrikez

sr. member

Activity: 400

Merit: 263

Quote from: Globb0 on March 16, 2015, 05:06:30 AM

Is anybody flipping?

I have brough some and held from a long time back. Its well down now, but I do remember risto saying flipping in these up downs was a good idea.

I've been flipping about 10% of my XMR. last week was nice, lots of swings. As I am a subpar trader I place relatively conservative orders, not too close to the possible edges and it has worked out well.

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: razen489 on March 16, 2015, 03:30:22 AM

Monero Price spike up to 0.0027 BTC once again!
https://www.coingecko.com/en/price_charts/monero/btc

I hope no spikes, just small steady rises.

5w00p

hero member

Activity: 644

Merit: 502

Quote from: Globb0 on March 16, 2015, 05:06:30 AM

Is anybody flipping?

I have brough some and held from a long time back. Its well down now, but I do remember risto saying flipping in these up downs was a good idea.

Yeah, well hindsight always makes it easy to say "What if I had sold at X, I could have bought back more when it fell to X minus y."

Unfortunately, without a crystal ball, one is left to risk selling and then never seeing the price drop. So, I have thought about it, and although I am no big-time whale, I do buy a little XMR from time-to-time. I have never sold a single one. I look at it as a risk that I am not really willing to make: selling only to see that sold XMR lost if the price never drops.

I try to instead buy when I think the price is at a (relative) low.

Reptile has the advantage of a diverse and vast portfolio, with his superior resources. So, I can see how he can make more moves and sell when he sees it as being "toppy" (I believe that was his word used in this thread), only to buy back in when the price moves down.

Globb0

legendary

Activity: 2674

Merit: 2053

Free spirit

Is anybody flipping?

I have brough some and held from a long time back. Its well down now, but I do remember risto saying flipping in these up downs was a good idea.

razen489

full member

Activity: 196

Merit: 100

Monero Price spike up to 0.0027 BTC once again!
https://www.coingecko.com/en/price_charts/monero/btc

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Now this is just too funny!

http://www.zdnet.com/article/panda-antivirus-mistakenly-flags-itself-as-malware-breaks-pcs/

Joshuar

hero member

Activity: 504

Merit: 500

eidoo wallet

http://www.dailymail.co.uk/news/article-2995686/Teenagers-tired-sharing-aspect-lives-online-taking-steps-ensure-privacy-social-media-report-reveals.html

" Teenagers are tired of sharing every aspect of their lives online and are taking steps to ensure their privacy on social media, report reveals"

Hmm, even teenagers are starting to want privacy.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: vokain on March 15, 2015, 08:13:45 PM

How about implementing automatic mining with donations to development the default and a secondary setting where auto mining turns on after passing a default yet user-adjustable threshold where one pool has over x% of the network?

Sending the (unlikely) mined coins to development is not a bad idea and maybe there should be a setting for that. The main thing I would worry about in terms of that would be scam accusations, sort of turning the coin into a bonnet. A setting like that which could be explicitly turned on would be okay though. I think a small added tx fee as a donation is planned as well (again a setting that is voluntary).

On the idea of pool shares, that is somewhat questionable since there isn't really a good way to know what pool shares actually are. They are just self-reported for the most part and if you create a big incentive to cheat (by adjusting mining to those numbers o a large scale), pools will likely do just that.

EDIT: Also, solo mining to the donation address (see OP) is a great thing to do right now if you are mining to support the network. It helps the coin twice.

GingerAle

legendary

Activity: 1260

Merit: 1008

to get a sense of how it would work, download BOINC and crunch some numbers for science. Same exact concept, except that the workunits aren't protein folding (for example), its hashing.

vokain

legendary

Activity: 1834

Merit: 1019

How about implementing automatic mining with donations to development the default and a secondary setting where auto mining turns on after passing a default yet user-adjustable threshold where one pool has over x% of the network?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: dreamspark on March 15, 2015, 07:01:11 PM

Quote from: smooth on March 15, 2015, 06:34:36 PM

Quote from: dreamspark on March 15, 2015, 06:22:53 PM

Quote from: smooth on March 15, 2015, 06:08:27 PM

Quote from: dreamspark on March 15, 2015, 06:00:07 PM

If you liken it to a lottery etc, is the assumption then that smart mining will be solo and not as part of a p2p pool?

Initially sure because there is no p2p pool. If a p2p pool gets developed then smart mining can certainly support that. There is another novel solution that gives something of the best of both worlds (currently nonexistent in any coin) but that certainly won't show up right away either.

I'd think it would be wise to get some sort of p2p pool going with smart mining. The chances of finding a block solo with a small hash rate are such that people may be tempted not to bother.

The whole point of smart mining is that it isn't something people bother with at all. It just happens, and it is unobtrusive enough there is no reason for people to turn it off. It's just part of how the software works, like nearly every p2p system in existence with the exception of bitcoin.

Pool or no pool, a single computer will yield next to nothing and there is no reason for people, individually, to bother. This is not about "being a miner" it is about harnessing the power of (many) people who aren't miners doing mining.

Yeah, I agree. But whats unobtrusive enough. 10% of cpu 30%. What about the time I need all my cpu power and it becomes intrusive, I turn it off and do I bother turning it back on again. I'm completely on board the idea I'm not trying to discredit it. I'm just thrashing some POV's around.

I don't know the exact tuning parameters that will be used, and I would expect them to be adjusted over time as needed but the key functions at the start will be:

1. Disable mining quickly if CPU is being used for something else.
2. Disable mining on battery power

and probably

3. Throttle or restrict cores used for mining somewhat to limit thermal/noise impact.

Overall the goal is not to maximize mining throughput but to have some mining with a minimum footprint. If you are mining for profit you will probably choose different tradeoffs.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: smooth on March 15, 2015, 06:34:36 PM

Quote from: dreamspark on March 15, 2015, 06:22:53 PM

Quote from: smooth on March 15, 2015, 06:08:27 PM

Quote from: dreamspark on March 15, 2015, 06:00:07 PM

If you liken it to a lottery etc, is the assumption then that smart mining will be solo and not as part of a p2p pool?

Initially sure because there is no p2p pool. If a p2p pool gets developed then smart mining can certainly support that. There is another novel solution that gives something of the best of both worlds (currently nonexistent in any coin) but that certainly won't show up right away either.

I'd think it would be wise to get some sort of p2p pool going with smart mining. The chances of finding a block solo with a small hash rate are such that people may be tempted not to bother.

The whole point of smart mining is that it isn't something people bother with at all. It just happens, and it is unobtrusive enough there is no reason for people to turn it off. It's just part of how the software works, like nearly every p2p system in existence with the exception of bitcoin.

Pool or no pool, a single computer will yield next to nothing and there is no reason for people, individually, to bother. This is not about "being a miner" it is about harnessing the power of (many) people who aren't miners doing mining.

Yeah, I agree. But whats unobtrusive enough. 10% of cpu 30%. What about the time I need all my cpu power and it becomes intrusive, I turn it off and do I bother turning it back on again. I'm completely on board the idea I'm not trying to discredit it. I'm just thrashing some POV's around.

canth

legendary

Activity: 1442

Merit: 1001

Quote from: onemorexmr on March 15, 2015, 06:37:56 PM

Quote from: smooth on March 15, 2015, 06:34:36 PM

I'd think it would be wise to get some sort of p2p pool going with smart mining. The chances of finding a block solo with a small hash rate are such that people may be tempted not to bother.

The whole point of smart mining is that it isn't something people bother with at all. It just happens, and it is unobtrusive enough there is no reason for people to turn it off. It's just part of how the software works, like nearly every p2p system in existence with the exception of bitcoin.

Pool or no pool, a single computer will yield next to nothing and there is no reason for people, individually, to bother. This is not about "being a miner" it is about people who aren't miners doing mining.

@smooth i think you are right about that everybody should mine and if that would be the case they wouldn't / shouldn't really care.

neverthless i hope for a p2pool implementation (best would be directly inside reference client) as i have the hope that it could lead to more and smaller poolers.
[/quote]

I mine with a single quadcore CPU and Radeon 7970 - probably generates 1 XMR every 2 days and costs me more than it would to buy them. Just like running SETI@Home or other distributed computing projects, not all actions need be profit motivated although I acknowledge that the network effects are significantly higher for those that are.

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: smooth on March 15, 2015, 06:34:36 PM

I'd think it would be wise to get some sort of p2p pool going with smart mining. The chances of finding a block solo with a small hash rate are such that people may be tempted not to bother.

The whole point of smart mining is that it isn't something people bother with at all. It just happens, and it is unobtrusive enough there is no reason for people to turn it off. It's just part of how the software works, like nearly every p2p system in existence with the exception of bitcoin.

Pool or no pool, a single computer will yield next to nothing and there is no reason for people, individually, to bother. This is not about "being a miner" it is about people who aren't miners doing mining.
[/quote]

@smooth i think you are right about that everybody should mine and if that would be the case they wouldn't / shouldn't really care.

neverthless i hope for a p2pool implementation (best would be directly inside reference client) as i have the hope that it could lead to more and smaller poolers.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1075. (Read 4670673 times)