Can somebody, please, explain me this:
Moneropool hash: 4600kH
Miners: 330
Hash per miner: ~14kH
Top GPU ~ 700H
GPUs per miner ~ 20
As I have never mined any cryptos, is it normal that an average miner owns min 20 top GPUs?
Does a miner with 4 separate rigs count as 1 or 4?
Correct if I'm somewhere wrong.
Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1245. (Read 4671575 times)
December 06, 2014, 03:42:03 PM
December 06, 2014, 01:23:15 PM
I was thinking that in a round about way the low price might be good for the coin in the long run and here is my reasoning: Since no premine the devs dont hold a lot of Monero, they are working on the project but not with a real economic incentive. With these low prices they have most likely been accumulating to whatever extent they can and if that's the case they may be inclined to continue working on Monero and perhaps speed up development since they themselves would be financially rewarded once Monero succeeds.
Any thoughts?
Any thoughts?
I would assume this to be true.
December 06, 2014, 12:24:22 PM
I was thinking that in a round about way the low price might be good for the coin in the long run and here is my reasoning: Since no premine the devs dont hold a lot of Monero, they are working on the project but not with a real economic incentive. With these low prices they have most likely been accumulating to whatever extent they can and if that's the case they may be inclined to continue working on Monero and perhaps speed up development since they themselves would be financially rewarded once Monero succeeds.
Any thoughts?
If by "dev" you mean people doing the coding, some have, some haven't.
If by "dev" you mean the core team responsible for leading the project, then definitely not. Not only are we not paid but we have covered about 80% of the costs of the project out of our own pockets. We are all negative for a large amount of time and money. We do it because we believe in the project and want to see it succeed.
The boss. We work for the community.
Thank you for your support
Any thoughts?
Main question: are the dev's paid?
If by "dev" you mean people doing the coding, some have, some haven't.
If by "dev" you mean the core team responsible for leading the project, then definitely not. Not only are we not paid but we have covered about 80% of the costs of the project out of our own pockets. We are all negative for a large amount of time and money. We do it because we believe in the project and want to see it succeed.
Quote
Who am I to say that?
The boss. We work for the community.
Quote
I am a single XMR miner & supporter.
Thank you for your support
December 06, 2014, 11:49:38 AM
These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..
Offsetting heating costs with Monero, or any other mineable coin .. might not be just a botnet, when it could just be someone weighing the costs between paying for likely gas heating flat out, or electrical heating that has the possibility to be offset with mineable crypto.you're speaking as if the algorithm itself has a say in what hardware can hash it. XMR doesn't support both card brands. Someone just found a way to hash it with GPUs. Its not like gold was like "hey! Don't invent dynamite. That'll make me easier to find"
I think this is just the natural progression of anything that has value - people invest time into findings ways to obtain the thing of value faster, so they can get more of it. Hrm.... I'm trying to put together a timeline of currency valuation and hardware development. Anybody know if this exists?
In general, the winter season hashrate is going to be something that the entirety of the crypto economy will have to figure out, methinks. The geographical distribution of landmass means that a lot is going to have to happen south of the equator.
December 06, 2014, 11:22:20 AM
ALL of the increased hashrate is from moneropool, which doubled from yesterday's rate which had been relatively constant for a while, and the catagory "unknown + minergate" whose rate goes from almost nothing to huge regularly so it's difficult to know what that means.
I wish minergate would put up an api to get their pool stats. If not, then maybe over xmas break I'll figure out how to scrape the number off their webpage. It's a little tricky because if you just request the page you don't get the hashrate number in the data sent, there is some javascript magic, but it can't be too hard to figure out.
Edit: Just realized that if you click the Monero link on their front page (minergate.com) it takes you to bitmonero.org, which has some links to (very) old binaries and the (very) outdated github repo of bitmonero-project. Those guys...
December 06, 2014, 11:05:31 AM
ALL of the increased hashrate is from moneropool, which doubled from yesterday's rate which had been relatively constant for a while, and the catagory "unknown + minergate" whose rate goes from almost nothing to huge regularly so it's difficult to know what that means.
December 06, 2014, 10:43:12 AM
These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..
Offsetting heating costs with Monero, or any other mineable coin .. might not be just a botnet, when it could just be someone weighing the costs between paying for likely gas heating flat out, or electrical heating that has the possibility to be offset with mineable crypto.
December 06, 2014, 10:18:18 AM
How many moneros are mined per day?
Daily emission right now: 18427.578
Reward now: 12.796929279809
Reward 24 hours before that: 12.814510327299
So, declining about .01758105/day
December 06, 2014, 10:13:27 AM
How many moneros are mined per day?
December 06, 2014, 10:02:48 AM
No comments on today's 80% increase in difficulty ? Botnets are raping monero big time ...
Last time we were at 21.28 MH/sec was when the price was in the 004x range..
These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..
Last time we were at 21.28 MH/sec was when the price was in the 004x range..
These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..
It's now winter in the northern hemisphere, where crypto is most popular.
People are occasionally subsidized privately or by their gov't to keep warehouses warm .. likely this is a result of some entrepreneur into that area.
Offsetting heating costs with Monero, or any other mineable coin .. might not be just a botnet, when it could just be someone weighing the costs between paying for likely gas heating flat out, or electrical heating that has the possibility to be offset with mineable crypto.
Likely, they will be dumping at whatever cost though, so as far as that goes .. I'd expect to see little to no holding.
Maybe I'll be surprised though.
December 06, 2014, 09:55:09 AM
No comments on today's 80% increase in difficulty ? Botnets are raping monero big time ...
Last time we were at 21.28 MH/sec was when the price was in the 004x range..
These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..
Last time we were at 21.28 MH/sec was when the price was in the 004x range..
These guys dont care about the price, they will dump whatever the market is paying... More efficient GPU miner would help..
December 06, 2014, 08:29:24 AM
What's going on? the Price down to 110K but the Network Hash Rate up to 20.63 MH/sec?
sharply submerged to0.00103btc December 06, 2014, 08:24:46 AM
I have a couple of nice, short (xmr.) domains.
Would like the idea to use them. I don't need to earn, just to make something that can be good for this coin.
So, domain + hosting = I have. Idea = I don't and would like suggestion(s).
I am good in php and SQL. OK with javascript too.
I know it's not much of knowledge, but that I can offer.
Would like the idea to use them. I don't need to earn, just to make something that can be good for this coin.
So, domain + hosting = I have. Idea = I don't and would like suggestion(s).
I am good in php and SQL. OK with javascript too.
I know it's not much of knowledge, but that I can offer.
Tipbot?
Local Monero.
Monero Search
- when you enter the site / monerosearch / you showed last indexed by google, yahoo ... news for Monero .... such as Google Alert
December 06, 2014, 07:49:23 AM
I have a couple of nice, short (xmr.) domains.
Would like the idea to use them. I don't need to earn, just to make something that can be good for this coin.
So, domain + hosting = I have. Idea = I don't and would like suggestion(s).
I am good in php and SQL. OK with javascript too.
I know it's not much of knowledge, but that I can offer.
Would like the idea to use them. I don't need to earn, just to make something that can be good for this coin.
So, domain + hosting = I have. Idea = I don't and would like suggestion(s).
I am good in php and SQL. OK with javascript too.
I know it's not much of knowledge, but that I can offer.
Tipbot?
Local Monero.
December 06, 2014, 07:35:00 AM
XMR is looking good, strong buy walls on Polo.
Buy Orders Total: 175.88276639 BTC
Price XMR BTC
0.00110001 30816.84313401 33.89883562
0.00110000 26845.81434381 29.53039578
...
0.00100000 10358.394565 10.35839457
...
0.00080000 21250 17
...
0.00060000 45000 27
Buy Orders Total: 175.88276639 BTC
Price XMR BTC
0.00110001 30816.84313401 33.89883562
0.00110000 26845.81434381 29.53039578
...
0.00100000 10358.394565 10.35839457
...
0.00080000 21250 17
...
0.00060000 45000 27
Buy walls mean nothing particularly with xmr, the order book often jumps between ~70 and ~200 btc. I certainly wouldnt be making trades based on that.
December 06, 2014, 07:34:17 AM
I have a couple of nice, short (xmr.) domains.
Would like the idea to use them. I don't need to earn, just to make something that can be good for this coin.
So, domain + hosting = I have. Idea = I don't and would like suggestion(s).
I am good in php and SQL. OK with javascript too.
I know it's not much of knowledge, but that I can offer.
Would like the idea to use them. I don't need to earn, just to make something that can be good for this coin.
So, domain + hosting = I have. Idea = I don't and would like suggestion(s).
I am good in php and SQL. OK with javascript too.
I know it's not much of knowledge, but that I can offer.
Tipbot?
December 06, 2014, 07:04:04 AM
What's going on? the Price down to 110K but the Network Hash Rate up to 20.63 MH/sec?
Good question. There have been similar fluctuations in the past but this is a big one. Let's see what happens over the next day or two.
December 06, 2014, 07:03:05 AM
XMR is looking good, strong buy walls on Polo.
Buy Orders Total: 175.88276639 BTC
.....
Buy Orders Total: 175.88276639 BTC
.....
Buy walls are not per se a good thing.
Usually they are an indicator of extreme speculation (in the direction of short selling).
December 06, 2014, 06:59:38 AM
What's going on? the Price down to 110K but the Network Hash Rate up to 20.63 MH/sec?
December 06, 2014, 04:08:31 AM
XMR is looking good, strong buy walls on Polo.
Speculation thread please (see OP for link)
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