Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 108. (Read 4671114 times)

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To whom it may concern,

The Monero development community has scheduled its biannual upgrade for block 1788000 on approximately March 9. This includes several consensus changes, so the upgrade is mandatory.

This upgrade is moved forward approximately one month to patch some important security components. This upgrade includes the following changes:

1. A new Proof of Work algorithm, CryptonightR

2. A new dynamic block size algorithm

3. Slightly smaller transactions

4. Payment ID changes for improved privacy

5. Notification changes (see: https://paste.debian.net/hidden/0d0d3694)

As far as the Monero development community can tell, this is a non-contentious fork, and no chain splits are expected as there is a reasonable expectation of users upgrading their software. That said, and especially if you are running a critical service, everyone should be aware of the possible risks of claiming funds (airdrops) on different chains. More information: https://youtu.be/6CVcirD90pg

To prepare for the network upgrade (hardfork), the Monero development community will release several clients before. Users must upgrade their software to continue using Monero after the upgrade. A visual depiction of the release engineering can be found here: https://i.imgur.com/gGz9dwK.jpg

The stable Monero release 0.14 will be available very soon, within the next week. This will contain the consensus changes necessary to continue using Monero, but is based off the current stable release. An alpha release 0.14.1 RC1 will be released soon after, once the fork has occurred and everything has settled down. This release will be based off the current master branch, where active development happens. The Monero development community recommends users of critical services use 0.14, and users who want to help test should use 0.14.1 RC1. This 0.14.1 release will follow the expected release engineering path, with a 0.14.1 stable being released once sufficient testing has occurred. Once this happens it is safe (and recommended) for all services to upgrade to take advantage of the current features, privacy protections, bug fixes, and enhanced security of that version.
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Might as well just call it POS.

I'm gonna give it to DASH.....for dealing with ASICs.

DASH: ASIC all you want, anyway we are running the Instamined Masternodes minting coins with a few watts of electricity besides we Masternode Instaminers act like a corporate board, we can vote to decrease mining rewards..Fuck you ASICs

hehe c'mon qwizzie we know you and your friends hate mining in general, GPUs, ASICs, FPGAs...all of them   you, your friends and your glorious founder decided you are all done mining the time you decided to start that instamine scheme.

So what about the actual unknown hashrate that dominate all the pools together

I think some engeneers find a solution between FPGA, ASICs and GPU that seems an exotic combination of hardware and software to mine with high hashrate...

I'm just looking for an other coin to mine now since this massive unknown hashrate arrive...to broke centralization, as you wrote...

I believe the forum is going into a read-only mode soon, and then deleted completely shortly after that.

Beware of scammers!



p.s. please Monero team clean up the forum getmonero.org. I believe we can find even penis enlargement techniques there...

There are fundamentally different kinds of centralization. ASICs are extremely special hardware, and their manufacturers NEVER sell them while the mining process by their own ASICs is profitable. So, actual degree of centralization equals to number of ASIC manufacturers in this case. Furthermore, because ASIC manufacturing is a very narrow niche, typically just One ASIC manufacturer of ASICs, designed for specific mining algorithm, remains on the market after short competition wars. Thus degree of centralization become One. Might you know, Bitcoin is heavily centralized, because number of Bitcoin ASICs manufacturers (that ASICs are still effective for mining against current price) ~ 1.

We, the Monero community, the Ethereum community, and many other coins' communities, DENY such a degree of centralization. We want every single man can enter the mining market with relatively cheap COMMON equipment to be bought in almost ANY local store right now. Today, common equipment is CPU and GPU. That's all.

Of course, low degree of centralization will take place with common equipment too. But the nature of this centralization is conceptually different. That degree depends on (and only on) the Free Desire of Every Single Man to buy COMMON equipment in ANY local store and point it to mine Monero. Historically, before ASICs came to the scene, Monero mining was one of the most DEcentralized among all cryptocurrencies. There are many surveys one can google for.

So, "the form of centralized GPU hubs, created by wealthy miners", as you wrote, has much less fundamental kind of centralization than ASIC-based approach.

You are right, lets keep this about Monero. I'm only interested in the ASIC mining aspect / discussion.

Some see ASIC development as a logical next step in a ongoing hardware evolution within crypto (specifically proof of work crypto).
Kinda like The Borg : highly adaptable and futile to resist...

With regards to centralization : i think that will happen at some point anyways, even with networks with only GPU's.
It will just be in the form of centralized GPU hubs, created by wealthy miners.

This post should be about Monero, not Dash, and @qwizzie you're right, it was not premined, it was instamined BIG. There was some discussion what to do with these instamined coins, but Dash dev (Darkcoin at the time) did nothing to solve the issue.

In Monero we're trying not to get centralized mining farms, in order that everyone could mine it, not only the ones with cash to buy some ASIC

If i could have a Dash for every time someone tries to connect Dash to a premine i would have a few more masternodes.. sighh.
You do know that premine means mining before public launch ? right ?
And you do know that was not the case with Dash ? right ?

Anyways, let me not distract you from your bigger problem : how to deal with ASIC miners that have completely and utterly taken over your network (85.2%).
A network that is suppose to be ASIC free....

Thanks,

Monero - Instamine scam coin endorsed - Dash.TM!


Will update the marketing appropriately

I was wondering why iCEBREAKER was trolling again in our Dash ANN thread, i guess this explains it :

Another Hard Fork Coming for Monero [XMR]? Analysis says ASIC Dominates Monero Hashrate
https://coingape.com/asic-dominates-monero-hashrate/


Icey : next time you feel the need to unload your anxiety and worries, pls grab a stress ball.

To the Monero community : Good luck, personally i'm all for ASIC miners as they strenghten networks against 51% attacks (when they are spread over multiple pools)

Guys, what are your thoughts XMR compared to MimbleWimble coins or Nix Platform in term of algo and tech? Nix looks really interesting trying to solve privacy for all coins. MimbleWimble is kind of a hype atm. Do you think monero can sustain it's position in the coming privacy coins environment?

That could temporaly solution until algorithm is changed.

Wasn't dashing in and doing that what f'ed up B Cash ?

Hmm. Can we deny reorgs bigger than 10 blocks unconditionally? Mining is a random process, so it has its distribution in terms of math statistics with mean value for how many blocks need the reorg, and a standard deviation.

Standard deviation can be accumulated and counted by each node, so they can simply rejects each single reorg beyond the 3-sigma rule.

I think, manual API to check blocks beyond 3-sigma threshold proposed is a technical complication and philosophical violation.

This is a good solution to double spend.
https://www.reddit.com/r/Monero/comments/aodbku/proposal_prevent_large_reorgs_from_happening/

Monero nodes should not accept reorgs bigger than 10 blocks. Bigger than that only manual.

I've read about RandomX a lot.
https://github.com/tevador/RandomX

This mining algorithm looks very promising in order to fight against ASICs and FPGA. But it effectively denies mining on GPU too. So all our honest GPU miners will be abandoned by the XMR community if we accept RandomX algo "as-is" on github.

But indeed, RandomX looks very intriguing. It adds some random info into mining scratch pad to be collected from the blockchain. If I've understand correctly, it is exactly the idea I wrote few days before here...

In order to adopt RandomX to Monero mining,
Can we shrink down a standard RandomX data scratch pad from 4Gb to ~256Mb? So, in the client profile, when  RandomX data scratch is generated on the fly, part-by-part, only 4Mb parts instead of 64Mb should be generated?

I suppose GPU miners could adopt JIT-compiler version of RandomX to GPU mining. Furthermore newbies can play games and mine simultaneously, so this step decreases the threshold for GPU newbies to enter the Monero world, but still VERY resistant to ASICs and FPGA...

PyrexCoin will follow all Moneros Updates 

I don't understand why MONERO simply switches to PROG PoW.  It puts GPU's, FPGA's and ASIC's all pretty much on an even keel.  FPGA's and ASIC's would only be able to achieve a 1.1 to 1.0 or 1.2 to 1.0 advantage with hash rate/power efficiency.