[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1315.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: nakaone on October 27, 2014, 08:39:17 AM

Quote from: superresistant on October 27, 2014, 08:29:19 AM

Quote from: smooth on October 27, 2014, 08:24:31 AM

Quote from: bitcoinrocks on October 27, 2014, 08:15:51 AM

Are there any serious contenders for decentralized anonymous transactions besides the other Cryptonotes?

Not yet. Zerocash maybe in the future, but we will have to see how that is received once it exists. Also, a Cryptonote-like BTC side chain might exist someday.

Agree. Apart from Zerocash, nothing.
All others coins named "anonymous" are nothing more than a copy of Bitcoin with a mixer.
You can use the mixer directly with Bitcoin : https://bitmixer.io/

is it just us circlejerking? I can hardly understand why this is not more widely accepted.
this is in my opinion the only really existing niche - all other things can probably be done with bitcoin in the future.
also that sidechains can offer privacy is only half true - you still have to send them to the sidechain and also have to get them out of the chain.

You have to understand that 99% of altcoin are just pump&dump aiming to make some scammer rich.
You don't need any tech for that, just a nice logo some technical words in big letters and that's it.

As you said, sidechain of Bitcoin are dependent on Bitcoin so it cannot be truly anonymous.
If I send X coins on a side chain, I get back X coins. It is the same problem with mixing.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: superresistant on October 27, 2014, 08:29:19 AM

All others coins named "anonymous" are nothing more than a copy of Bitcoin with a mixer.
You can use the mixer directly with Bitcoin : https://bitmixer.io/

Agree.

Quote

also that sidechains can offer privacy is only half true - you still have to send them to the sidechain and also have to get them out of the chain.

This is true unless the side chain becomes very popular and has good security. In that case people can routinely use the sidechain without needing to go to/from Bitcoin.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: superresistant on October 27, 2014, 08:29:19 AM

Quote from: smooth on October 27, 2014, 08:24:31 AM

Quote from: bitcoinrocks on October 27, 2014, 08:15:51 AM

Are there any serious contenders for decentralized anonymous transactions besides the other Cryptonotes?

Not yet. Zerocash maybe in the future, but we will have to see how that is received once it exists. Also, a Cryptonote-like BTC side chain might exist someday.

Agree. Apart from Zerocash, nothing.
All others coins named "anonymous" are nothing more than a copy of Bitcoin with a mixer.
You can use the mixer directly with Bitcoin : https://bitmixer.io/

is it just us circlejerking? I can hardly understand why this is not more widely accepted.

this is in my opinion the only really existing niche - all other things can probably be done with bitcoin in the future.

also that sidechains can offer privacy is only half true - you still have to send them to the sidechain and also have to get them out of the chain.

bitcoinrocks

legendary

Activity: 1372

Merit: 1000

Is there an ETA for Zerocash?

Is Monero development stalled? I last checked in here quite a while ago and we were pining for an official GUI back then same as now.

coinism

sr. member

Activity: 700

Merit: 250

Quote from: drawingthesun on October 27, 2014, 05:07:14 AM

Anyone think this is the bottom?

I think about 0.50EUR could be the bottom. I'm buying.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: equipoise on October 27, 2014, 08:17:11 AM

I'm accepting XMR and BTC for freelance programming and services.
My oDesk freelancer profile: https://www.odesk.com/o/profiles/users/_~016dd695b0c5edba31/
About me: http://changetheworldwork.com/about-me/

We could use trusted escrow for the transactions.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: smooth on October 27, 2014, 08:24:31 AM

Quote from: bitcoinrocks on October 27, 2014, 08:15:51 AM

Are there any serious contenders for decentralized anonymous transactions besides the other Cryptonotes?

Not yet. Zerocash maybe in the future, but we will have to see how that is received once it exists. Also, a Cryptonote-like BTC side chain might exist someday.

Agree. Apart from Zerocash, nothing.
All others coins named "anonymous" are nothing more than a copy of Bitcoin with a mixer.
You can use the mixer directly with Bitcoin : https://bitmixer.io/

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: jwinterm on October 27, 2014, 08:02:59 AM

I think what I might do is just get rid of the network hashrate all together, and report a large pool pie chart with the sum of their hashrates and a small pool pie chart with the sum of their hashrates, and if they don't all sum up to the network hashrate...ohwells. That way everything is self-consistent at least.

It'll be less accurate than coming up with a better estimate of network hashrate because of private pools (or pools you just don't know about) and solo mining but it would be less misleading that the current estimate I think.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: bitcoinrocks on October 27, 2014, 08:15:51 AM

Are there any serious contenders for decentralized anonymous transactions besides the other Cryptonotes?

Not yet. Zerocash maybe in the future, but we will have to see how that is received once it exists. Also, a Cryptonote-like BTC side chain might exist someday.

bitcoinrocks

legendary

Activity: 1372

Merit: 1000

Are there any serious contenders for decentralized anonymous transactions besides the other Cryptonotes?

jwinterm

legendary

Activity: 3164

Merit: 1116

Quote from: smooth on October 27, 2014, 06:49:37 AM

Quote from: jwinterm on October 27, 2014, 06:26:19 AM

Quote from: smooth on October 27, 2014, 06:12:26 AM

Quote from: jwinterm on October 27, 2014, 06:09:17 AM

I think the easiest and least confusing thing to do is just drop the percentages from the pie slices.

The sizes of the pie slices don't look right either, assuming the numbers are right. But who knows which is correct at this point.

It's definitely related to the poor estimation of network hashrate from the diff (calculated either as diff/60e6 or diff/(60*1024*1024), in this case the latter). The sum of the pools queried comes out to be greater than the calculated network hashrate; here are the two numbers from a test I just ran:

Quote

Network hashrate 17.314610274632773
Sum of pools 19.461517835617066

where network hashrate is calculated from diff and sum of pools is just the sum of all the pools self-reported hashrates. I'm not sure what the best way to fix this is. Just report the total network hashrate as the sum of all reporting pools? Figure out a more accurate way to calculate network hashrate from the diff? I'd be glad to hear any suggestions.

I see.

The self-reported hash rate is probably calculated over a different time window than the network difficulty (likely shorter, since the network difficulty uses 12 hours and that is pretty long for monitoring a pool). You'd likely have to figure out the time window used by the pool software and make your own estimate of the network hash rate based on the sum of block difficulties on the network during that time window.

I think what I might do is just get rid of the network hashrate all together, and report a large pool pie chart with the sum of their hashrates and a small pool pie chart with the sum of their hashrates, and if they don't all sum up to the network hashrate...ohwells. That way everything is self-consistent at least.

primer-

legendary

Activity: 1092

Merit: 1000

Devs release the GUI wallet and blockchain db pruning!

Quicken

sr. member

Activity: 280

Merit: 250

Quote from: silencesilence on October 27, 2014, 06:28:08 AM

everybody wants to buy at a low price .... but this only worsens the situation ..... miners refuse, and this leads to a rather weak network, less confidence and many people will turn to other coins. And when attention be transferred to other coin ..... all is lost

than 3 days I stopped mining because I'm at a loss

I'm not going to buy because of the promise of a bright future for XMR is not live, I'll keep what I've mining
maybe sell them after 2-3 years who knows if I will not ... I will lost electricity for four months for my rig

I am a little excited by these ridiculous monero prices

PS
vicious circle is as follows

difficulty falling and falling the price, because other people get more coins at the lower difficulty and they still sell at low price

You seem a little jittery. Try not to panic. Monero is going through a transition phase from its initial fast emission, and should settle down over the next 6 months.

Remember that the emission rate is constantly dropping, and the monthly increase as a percentage of the current total supply is dropping even faster. To give you an idea, there were over 25k XMR/day being produced early on and that has now dropped to under 20k. In another 6 months it will be down to 15k and a year after that below 10k/day.
Hope that help, Q

bloodyboy

full member

Activity: 199

Merit: 100

why monero fall so hard lately? Huh

alloffmyhate

sr. member

Activity: 280

Merit: 250

It's Never End

Quote from: silencesilence on October 27, 2014, 07:20:27 AM

moneropool.com 12.41 MH/s Huh

it's BOTNET ??

i think yeah, but why this admin pool just silent .__. not see the pool get more than 51% network hash .-.

alloffmyhate

sr. member

Activity: 280

Merit: 250

It's Never End

i hate the price .___.

silencesilence

legendary

Activity: 1120

Merit: 1000

moneropool.com 12.41 MH/s Huh

it's BOTNET ??

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: jwinterm on October 27, 2014, 06:26:19 AM

Quote from: smooth on October 27, 2014, 06:12:26 AM

Quote from: jwinterm on October 27, 2014, 06:09:17 AM

I think the easiest and least confusing thing to do is just drop the percentages from the pie slices.

The sizes of the pie slices don't look right either, assuming the numbers are right. But who knows which is correct at this point.

It's definitely related to the poor estimation of network hashrate from the diff (calculated either as diff/60e6 or diff/(60*1024*1024), in this case the latter). The sum of the pools queried comes out to be greater than the calculated network hashrate; here are the two numbers from a test I just ran:

Quote

Network hashrate 17.314610274632773
Sum of pools 19.461517835617066

where network hashrate is calculated from diff and sum of pools is just the sum of all the pools self-reported hashrates. I'm not sure what the best way to fix this is. Just report the total network hashrate as the sum of all reporting pools? Figure out a more accurate way to calculate network hashrate from the diff? I'd be glad to hear any suggestions.

I see.

The self-reported hash rate is probably calculated over a different time window than the network difficulty (likely shorter, since the network difficulty uses 12 hours and that is pretty long for monitoring a pool). You'd likely have to figure out the time window used by the pool software and make your own estimate of the network hash rate based on the sum of block difficulties on the network during that time window.

silencesilence

legendary

Activity: 1120

Merit: 1000

everybody wants to buy at a low price .... but this only worsens the situation ..... miners refuse, and this leads to a rather weak network, less confidence and many people will turn to other coins. And when attention be transferred to other coin ..... all is lost

than 3 days I stopped mining because I'm at a loss

I'm not going to buy because of the promise of a bright future for XMR is not live, I'll keep what I've mining
maybe sell them after 2-3 years who knows if I will not ... I will lost electricity for four months for my rig

I am a little excited by these ridiculous monero prices

PS
vicious circle is as follows

difficulty falling and falling the price, because other people get more coins at the lower difficulty and they still sell at low price

jwinterm

legendary

Activity: 3164

Merit: 1116

Quote from: smooth on October 27, 2014, 06:12:26 AM

Quote from: jwinterm on October 27, 2014, 06:09:17 AM

I think the easiest and least confusing thing to do is just drop the percentages from the pie slices.

The sizes of the pie slices don't look right either, assuming the numbers are right. But who knows which is correct at this point.

It's definitely related to the poor estimation of network hashrate from the diff (calculated either as diff/60e6 or diff/(60*1024*1024), in this case the latter). The sum of the pools queried comes out to be greater than the calculated network hashrate; here are the two numbers from a test I just ran:

Quote

Network hashrate 17.314610274632773
Sum of pools 19.461517835617066

where network hashrate is calculated from diff and sum of pools is just the sum of all the pools self-reported hashrates. I'm not sure what the best way to fix this is. Just report the total network hashrate as the sum of all reporting pools? Figure out a more accurate way to calculate network hashrate from the diff? I'd be glad to hear any suggestions.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1315. (Read 4671575 times)