Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1161. (Read 4671924 times)

I am very interested in building out the infrastructure of Monero

documentation is key and cryptonote lacks it

Just wanna preach to the choir here

https://www.youtube.com/watch?v=pcSlowAhvUk&t=4m18s

(TED talk about privacy / surveilance)

Thanks to our, er, friends at hitbtc

https://twitter.com/hitbtc/status/482546301272608768

sweet, didn't know monero had a mascot.

vision - usable untraceable cryptocurrency.

Hello all I am new to XMR...what is your guys vision for this coin?

To keep in the mining frame of mind, use your hard drives to mine BURST. I mine BURST with my drives and XMR with my 750 TIs and 660 TIs. They run 24/7.

If you can get Linux on them phones you can try and compile Lucas miner.
Don't know if it'll work or not but worth a shot.

I've asked this question in a few other threads but have gotten no responses.  Is there anybody that knows of an Android miner for phones?  I have a few old Android phones laying around and would be curious to mess around with it see what they could hash.

Well, I added $5, got $7 in credit ($5 sign-up via referral OR $5 for using PayPal [one or the other, not both] and $1 for tweet, $1 for twit follow).

So, that makes it a little better, but again, I am not mining for instant ROI on my HUGE $5 investment.

If I mine 1 XMR with it, and XMR returns to the glory days of $5 value, I break even.  Value beyond that is profit.  Not a get-rich-quick scheme, but rather a hobby and possible long-term ROI.
You get the idea.

I think the best bet at this point is to mine on your own computer (and/or friends', family members', etc.) not VPS unless you are able to use a free trial or something like that.

The mobile and low power CPUs especially can be very efficient and probably profitable over power costs, although the numbers on that spreadsheet look messed up to me. There is no such thing as an i5-3520M for example, and Ivy Bridge i5's only have 3 MB of L3 which I doubt leads to great efficiency.

When I stopped mining Monero I was getting less (!) than 0.1 XMR / day.
I started mining something else then convert to BTC, then move to another exchange, then convert to Monero (lovely, isn't it?) which used to give me a little more than 0.2 XMR / day.
Now that other coin got too cheap, so.. yeah, I may start mine XMR again.

So that's about $0.17 per day to mine about 0.1 XMR? Seems very unprofitable to me.

Am I getting this wrong?

LA is now SOLD OUT like a Pink Floyd concert.

Going by the stats on minexmr.com (currently 117 connected miners, 286 KH/sec), the mean miner is running at over 2 KH/s. That's pretty typical from memory and if it's true, there are some very big fish out there (or lots of pretty big fish).

That happens only for the time being it is rising.

For me its about the future value of Monero and the unique features this coin provides.  That mainly being ultra privacy and that is very important to me and my Libertarian mind set.  I'm not worried about quick profits or pump and dump schemes or how much the electricity is costing me at the moment.

Also I want to help out other miners that can use my knowledge because this helps network health.  I support the network and run a node for this purpose.  My gut feeling tells me that many of these Bots out there are older Bitcoin mining rigs that were built when GPU and CPU processing was still profitable, and now they have switched over to Crypto.  After Mt. Gox crash there was a flood of GPU's on the market and you could pick up cards cheap. However the price on these GPU's have risen considerably over the last 12 months.  Crypto and some Script coins still are profitable from using GPU and CPU rigs.  

I look at this pie chart multiple times everyday to kind of monitor network health in my own way.  http://minexmr.com/pools.html

About 2 1/2 months ago about 7MH disappeared from the the grid.  For the longest the network was turning about 21Mh/s now that has come down and been stable at 11-14MH/s.  I think some big mining farm or group of miners quit mining XMR after the the price went below .75 -.50¢ U.S. These are the make profit quick miners.  This is speculation of course on my part but its what my gut tells me and I've learned to listen to my gut feelings.  

Once the price of XMR starts to rise again you will see more mining and the hash rate increase along with the difficulty.


 

Such is the nature of a hashing algorithm meant to be egalitarian and asic resistant. I'm mining mainly to secure the coin and help pull some hash rate away from the influence of botnets, which is the only way I can really explain the network hashrate. 12 Mh/s = 12,000 Kh/s = 12,000,000 h/s, which is like 48,000 750 tis running at 250 h/s, or 3750 of DrHiggins rigs.

Or, if there are really 60,000 individual CPU miners at ~200 h/s, that'd be great.

Oh the joys of a truly anonymous cryptocurrency. The best data for hashing distribution is from the pool lists on the block explorers that provide it, and that only explains I think 5 Mh at my last glance.

I see, that's way too low, all that to maybe get ~100 Monero a month?

Actively developed. if you know how to navigate github (or search some posts up), there's an orangejuice branch on project-monero that has smartmining. It required dependencies that were beyond my noob ability to make it build.