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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1238. (Read 4670643 times)

sr. member
Activity: 248
Merit: 250
Quote
When opening your wallet with simplewallet for the first time with this update you will be prompted to choose a language for your mnemonic seed words, and you will be given a new 25 word mnemonic. You will always be able to restore from the old 24 word mnemonic seed, but it is of course recommended that you move to the newer, more robust mnemonic.

So for those of us who have taken the cold wallet approach of just keeping the "old" 24 word mnemonic:

1 - Should we still move to the "newer, more robust mnemonic."

2 - If yes, How do we do this?  Do we use the restore deterministic wallet in the new client, save and close out, and then when we reopen we will receive the 25 word mnemonic.  Or do we restore with an older version of simplewallet, and then open with the updated wallet?

Thanks in advance, and keep up the good work.\!
hero member
Activity: 658
Merit: 503
Monero Core Team
That is cool! How did you get your the saddam.moneroaddress.org alias you reference in your sig? Did you have to register the domain name moneroaddress.org yourself? Does this mean that to get our own openalias to use with Monero, we have to find domain name registrars that allow anonymous registration?
Instructions on the FAQ: What is openalias? How does it work?
legendary
Activity: 2968
Merit: 1198
Smart mining reminds me of what smooth wrote months ago (but even better, since no asking, although there should be an option for explicitely deactivate it, for fragile hardware or competing background programs like BOINC):
The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended)   [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.

I also suggested at one point turning it on by default and having a disable option be buried in a preferences system. I think I2P does something like that for relaying, and most other p2p systems do something similar one way or another. Bitcoin lost its way here, when the mining mining gold rush shifted the focus from principles of p2p.

Either way, the premise depends on it being well-behaved or people will turn it off, which defeats the purpose, so that is what the Smart Mining work is doing.

hero member
Activity: 833
Merit: 1001
simple yet genuis... thanks for the missive guys!

Smart mining reminds me of what smooth wrote months ago (but even better, since no asking, although there should be an option for explicitely deactivate it, for fragile hardware or competing background programs like BOINC):
The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended)   [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.
hero member
Activity: 658
Merit: 503
Monero Core Team
Or simply use Namecoin (NMC), http://namecoin.info/, to register a .bit domain. There is no need to use the ICANN/US Gov. root. Of course all of this creates a business opportunity for selling .bit, Namecoin, registrations for XMR.
I'm considering getting donate.david.latapie.bit (my internet presence is on david.latapie.name and .name is handled by VeriSign, which is a bad news). Speaking of that, would donate.david.latapie.onion make sense? Does "choosing between .bit and .onion" make sense?

Same here, there were some nice comments in it. I like this particular one from Gregory Maxwell about privacy:
I updated the FAQ entry "Q: Why is an anonymous currency important?"Thanks!

By the way: PR-wise, it is better to speak of privacy than of anonymity

Anonymity = drug
Privacy = family


This was my first mined crypto too Smiley It's a fulfilling feeling
Me in April 2014 with Monero. I still remember this surreal atmosphere - I felt like if I had been mining Bitcoin in 2010...

This is interesting.. has there been any talk of implementing transparency layers, and their potential function?
Yes there has been. Some of it is right in the original whitepaper, in terms of view keys and auditable addresses. We have also considered other methods of allowing for transparency on specific transactions. People want to be able to selectively prove payments on demand and generally open up to transparency in a controlled manner, without everything being linkable and traceable to the rest of their transactions.
Added to the FAQ.

dump doesnt matter now because xmr is becoming like bitcoin, a long period of low price is good for legitimacy of the coin if it ever reaches a lot higher in the future no one will be able to say that didn't bought xmr because it was too expensive, they can only say they didnt heard about monero or didnt believe on it.
I'm adding it to my list of quotes.



hey guys check this out. wow. no more having to copy and paste huge addresses! cool new feature in the 0.8.8.5, great work devs  Cheesy

go to https://openalias.org/ to learn how to make your own alias!
I updated the OP.
XMR:
Code:
address (openalias) donate.monero.cc
address (oldstyle) 46BeWrHpwXmHDpDEUmZBWZfoQpdc6HaERCNmx1pEYL2rAcuwufPN9rXHHtyUA4QVy66qeFQkn6sfK8aHYjA3jk3o1Bv16em
viewkey: e422831985c9205238ef84daf6805526c14d96fd7b059fe68c7ab98e495e5703
Thank you for mentionning it, saddam (and thank you for creating the ck.moneroaddress.org alias for crypto-kingdom, too).
legendary
Activity: 3136
Merit: 1116
I think you're not getting it - you don't adopt a kid if you don't have time to feed it and take care of it

Mining is not a adopting a kid, it is running a computer. Approached in a low-maintenance manner, it can be very similar to running a file server that doesn't require much attention for months or years.

The break even electricity rate for Monero GPU mining is not even that low (haven't worked it out recently but maybe 10 cents/kwh). Yes I cringe when I see people posting about how "the difficulty is too damn high" because mining isn't profitable for them at 30 eurocents/kwh, but in locations with low rates you will still be profitable or accumulate coins at a small loss with little to no maintenance effort.

Very true, it's not - and I'm not saying people CANNOT mine in an extremely low maintenance manner, I'm saying if they're going to do that, they may as well take some cash out of their wallet, burn a small percent, and use the rest to buy XMR, because that's basically what they're doing.

Not to get all righteous or anything, but there is also the possibility that if someone really likes a certain coin's technology, ideals, developer team, logo, etc., then maybe they just want to "support the network", even if that means mining at less than optimal profit or a slight loss.
legendary
Activity: 2968
Merit: 1198
I think you're not getting it - you don't adopt a kid if you don't have time to feed it and take care of it

Mining is not a adopting a kid, it is running a computer. Approached in a low-maintenance manner, it can be very similar to running a file server that doesn't require much attention for months or years.

The break even electricity rate for Monero GPU mining is not even that low (haven't worked it out recently but maybe 10 cents/kwh). Yes I cringe when I see people posting about how "the difficulty is too damn high" because mining isn't profitable for them at 30 eurocents/kwh, but in locations with low rates you will still be profitable or accumulate coins at a small loss with little to no maintenance effort.

Very true, it's not - and I'm not saying people CANNOT mine in an extremely low maintenance manner, I'm saying if they're going to do that, they may as well take some cash out of their wallet, burn a small percent, and use the rest to buy XMR, because that's basically what they're doing.

You are assuming it is losing money, which it isn't always. That depends on electricity costs.

Buying monero with cash is itself inconvenient. First you have to turn it into BTC and then trade it for XMR, both at fluctuating rates, both using somewhat flaky intermediaries. Or you can try to find someone with whom to make a direct trade, but with the coin being small that is hard to do. (Even with BTC this isn't always easy.) So even at a small loss low-maintenance mining might be easier.

xulescu: There shouldn't be a virgin coin premium for monero if our beliefs about fungibility are correct. If not, then the value proposition for monero is questionable.

sr. member
Activity: 263
Merit: 250
I think you're not getting it - you don't adopt a kid if you don't have time to feed it and take care of it

Mining is not a adopting a kid, it is running a computer. Approached in a low-maintenance manner, it can be very similar to running a file server that doesn't require much attention for months or years.

The break even electricity rate for Monero GPU mining is not even that low (haven't worked it out recently but maybe 10 cents/kwh). Yes I cringe when I see people posting about how "the difficulty is too damn high" because mining isn't profitable for them at 30 eurocents/kwh, but in locations with low rates you will still be profitable or accumulate coins at a small loss with little to no maintenance effort.

Very true, it's not - and I'm not saying people CANNOT mine in an extremely low maintenance manner, I'm saying if they're going to do that, they may as well take some cash out of their wallet, burn a small percent, and use the rest to buy XMR, because that's basically what they're doing.

Virgin coin premium
legendary
Activity: 2730
Merit: 1288
Just to spread the good news... even though its not big news, its big to me.

I successfully have accumulated 1 XMR by mining with my own Xeon 771-775 sticker-hacked ebay-built rigs on monerohash... after having learned enough linux (or copy and pasting code into terminals... can't tell you how many times I've killed a program by ctrl-c'ing in a damn terminal... btw, thank you all you nice linux people for putting terminal code on the interwebs so I can just copy-paste.. or copy-shift-insert, as the case may be).

and then to see it pop up on my wallet as my client was catching up to the network.

very satisfying. Yay. My very first self-mined cryptocurrency.

now if I could only snipe some 750 ti's.

Welcome, though you're kind'a late...
Last months was harder to mine then now. Difficulty is at about Jully rate. And not that much over the end of May rate when i started mining.
jr. member
Activity: 54
Merit: 257
Smart mining reminds me of what smooth wrote months ago (but even better, since no asking, although there should be an option for explicitely deactivate it, for fragile hardware or competing background programs like BOINC):
The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended)   [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.
jr. member
Activity: 54
Merit: 257
Official Monero Forum Link

Quote from: forum.monero.cc
Monero Monday Missives

December 8th, 2014
 
Hello, and welcome to our twentieth Monero Monday Missive! We're combining last week's one with this week's, as last week's Missive was pulled down shortly after being put up due to breaking issues in the Windows build of Monero 0.8.8.5 (since resolved). Thank you for your patience!

Major Updates

Monero 0.8.8.6, recommended update, please take note of new download links:
 
Windows, 64-bit (monero.cc/downloads/win64) - SHA: facbeb2e408cf8b9a46534363eba161dbb047654  
OS X, 64-bit (monero.cc/downloads/mac) - SHA: 7069de92083fb7831b063cc152e8f35508ff61bf  
Linux, 64-bit (monero.cc/downloads/linux) - SHA: 16f3f55bcfbfae6135cbeda6574f651890a8be64  
FreeBSD, 64-bit (monero.cc/downloads/freebsd) - SHA: 9fd0005b697e146a26a0bf9e3cd0c89b978f7fbd  

NOTE: When opening your wallet with simplewallet for the first time with this update you will be prompted to choose a language for your mnemonic seed words, and you will be given a new 25 word mnemonic. You will always be able to restore from the old 24 word mnemonic seed, but it is of course recommended that you move to the newer, more robust mnemonic.

1. We are (finally) happy to release Monero 0.8.8.6. We released 0.8.8.5 last week, but due to a breaking Windows bug we pulled the announcement down until we solved the bug on the weekend. The major changes for 0.8.8.5 include: OpenAlias support, per-kb fees, multi-language mnemonics, file-based checkpointing, MoneroPulse DNS checkpointing, a move from MSVC to an msys2 / mingw-w64 build environment for Windows, and brand new build CMake. 0.8.8.6 adds some important fixes to the multi-language mnemonic system.

2. Due to the launch of MyMonero we feel it prudent to add a new section to the Missives, called "External Projects". This is a section to provide updates on other projects that are not an official part of the Monero Project or collectively created by the Monero Core Team, but is related to Monero in some way - thus OpenAlias would not be part of this section, but MyMonero would. If you have an update you would like included in this section, please email [email protected] for inclusion the following Monday, or send any member of the Monero Core Team a message. If this section becomes overly full we may choose to shutter the section, so please keep updates brief and only those that are important. It is not a marketing area, and so every new mining pool launched or minor feature added to a pool will not be eligible for inclusion (although if you've done something cool, let us know;)

3. We're also quite happy to announce the addition of a new feature to Monero: Smart Mining. This is a feature that will evolve over time, but at its most basic it is something that will allow everyone running the client software to support the network in an unobtrusive manner. Smart Mining detects your CPU usage, and if your CPU is idle and you aren't on battery power (for laptops and/or connected UPS devices) it will begin mining. As soon you switch to battery power or your CPU activity picks up it will pause mining until it sees it is safe to start again. You still set your Monero address for Smart Mining, as always, and whilst your chances of solving a block may be relatively small (for now;) it is still an easy way to support the network without needing to purchase expensive equipment. This work is complete (for Linux) and is currently being tweaked to work on our other supported operating systems. Ongoing process can be followed here: https://github.com/oranjuice/bitmonero/tree/smart-mining

External Projects

MyMonero: the various modal windows, such as the login screen, should be displaying correctly across devices now. We are fixing the scroll issues which still plagues these on some devices. Just to make sure everyone is aware after the recent blockchain.info issues: the MyMonero code has unit tests using the Jasmine testing framework for JavaScript, as well as tests for other parts of the backend application. These tests are executed and checked for every commit. We also have had HTTP Strict Transport Security (HSTS) enabled from the beginning, and have various other things enabled for client-side security such as X-Frame-Options set to deny, X-XSS-Protection on, and X-Content-Type-Options set to nosniff.

I2PD: for those not aware, the i2pd project is a new implementation of the i2p protocol in C++, and is the software that Monero will use for its connection to the i2p network. The source code of the project can be found here: https://github.com/PrivacySolutions/i2pd - the regular stream of commits is testament to the ongoing progress being made. The i2pd team will provide regular updates on i2p-specific functionality as it is added and the project grows to a point of maturity.

Dev Diary

Build: tests are now disabled when building the build-release, build-debug, or release-static targets. The default make target (all-release) will include tests, as will all test- targets, obviously.

Account: lots of fixes to multi-lang mnemonics, although UTF-8 on Windows still seems to be a bit shaky.

Core: all 0.8.8.5 and 0.8.8.6 changes have been covered over the past few Missives.

Until next week!

updated by David Latapie
legendary
Activity: 1092
Merit: 1000
I'm a Firestarter!
Time to buy more Smiley
Still cheap
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
Hobby miner here. Mining Monero with 5 290's

It makes sense, because it keeps my room warm and it's what I want to do.

Some days I get bored and mess with miners for other things. Maybe two days out of the month.

The other 28 or so days, I'm just happy to have Monero coming in and not have to pay any attention to mining at all.

I just don't see the need to mess with software for hours to squeeze that extra twenty dollars a month.

It can't afford me (especially if it takes longer than an hour) to mess with anyways.
legendary
Activity: 2968
Merit: 1198
I think you're not getting it - you don't adopt a kid if you don't have time to feed it and take care of it

Mining is not a adopting a kid, it is running a computer. Approached in a low-maintenance manner, it can be very similar to running a file server that doesn't require much attention for months or years.

The break even electricity rate for Monero GPU mining is not even that low (haven't worked it out recently but maybe 10 cents/kwh). Yes I cringe when I see people posting about how "the difficulty is too damn high" because mining isn't profitable for them at 30 eurocents/kwh, but in locations with low rates you will still be profitable or accumulate coins at a small loss with little to no maintenance effort.
legendary
Activity: 2968
Merit: 1198
If you're GPU mining at all right now, you understand it requires time and attention. If you're not prepared to give it any, then get on a multipool. They have Neoscrypt, too - all you really need to do is get pretty good configs for the algos, then hop on the multipool, and it'll switch both coins and algos according to profitability.

You're still not getting it. GPU mining doesn't require (much) time and attention unless you approach it that way, and you're not in a position to say what other people are "required" to do. Why should I mine a coin I don't want, using a setup that I don't necessarily expect to remain viable for a long time, then deal with exchanges and trading, just to get a small amount of increased revenue?

There are different approaches to mining. If you have cheap or free electricity then mining Monero using a mature miner and a very stable rig, using a well-maintained and stable pool is something that is likely to just keep going without much care and feeding for a long time, either at a profit or at a small loss (but perhaps acceptable given the goal to accumulate coins). You get coins you want right into the wallet you want without much or any time and attention Not unlike BTC mining really. The alternative of messing around with a bunch of other stuff and trading from coin to coin is not necessarily a good return on time investment.

That said, a multipool pool that paid out in Monero and allowed mining other algorithms might be useful.

full member
Activity: 219
Merit: 100
Does anyone have an ETA on the Monero GUI client yet? Not trolling, serious question.
legendary
Activity: 1624
Merit: 1008
So will there be the missive & new build today?

Maybe Monday Monero Missive
legendary
Activity: 2968
Merit: 1198
it's not really a flavor of the day, like most, more a flavor of the month, which makes it worth the effort.

That is totally subjective. GPU mining really isn't worth the effort at all to me, so if I had some GPUs and cheap power I'd probably not look for flavor of the month either. I'd rather just set something up and have it run with little or no attention for many months or years. I did this with LTC for example. I'm pretty sure during that time there were more profitable coins that came and went but if I had to pay attention I wouldn't have mined at all, and it was profitable the whole time. I did switch to a multipool at one point though.





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