Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1321. (Read 4671575 times)
October 25, 2014, 03:47:42 PM
in that case Monero should be done CPU- NOT friendly coin
October 25, 2014, 03:44:54 PM
is there a way largest manufacturers of anti-virus software to work with Monero developers to prevent this Botnet
They can detect miners but that can actually be a negative because it causes legitimate users to have their miners get flagged by AV too, which scares them off and disscourages them from mining.
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This for me is a big hole in each operating system - Linux, Apple, Windows and ...
they must have a mechanism to automatically prevent Botnet,
otherwise they are Botnet
they must have a mechanism to automatically prevent Botnet,
otherwise they are Botnet
I would guess that 99% of botnet computers are Windows, although some have been found on devices such as routers, printers, etc. Those are often even less secure that Windows.
If the world hasn't figured out how to prevent botnets by now, the Monero developers aren't going to be the ones who solve this problem either. We're pretty busy working on the coin itself, you know.
October 25, 2014, 03:41:50 PM
this is terrible, by this logic, they can bring the price down to 1 Satoshi
Not really, it doesn't effect the amount of Monero being mined per day. Exactly right
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I suppose most of the botnet operators would sell their Monero as soon as they receive it though, which could cause problems. Really it shouldn't be a problem if their are enough people buying. However due to the very high emission rate (the amount of coins mined per day set by the network), there selling pressure is starting to out weight the buying pressure causing the price to decrease a bit.
why do you think botnet owners would sell immediatly?i think the opposit is true: a normal miner has to cover costs: he has to sell. a botnet owner get them nearly for free (just a little risk and maybe some cost to buy the botnet in the first lace)
It is interesting that you have people saying botnets are more likely to sell right away and people saying that botnets are less likely to sell right away for the exact same reason.
In reality I don't think anyone has a clue when any particular botnet operator will sell, and I very much doubt they all do the exact same thing. I also don't think anyone really has a clue how much of the mining is done by botnets. Anyone can mine and it is impossible to know who is mining or why. That is by design in a decentralized network. If we tried to pick and choose who can or should mine that would be contrary to the entire premise.
October 25, 2014, 03:24:34 PM
Lately the XMR price seems to be in decline anyway, so they sell what they can. Botnet owners still need to maintain their network, which takes time and effort.
and what they do on the issue / large manufacturers of antivirus software /
is there a way largest manufacturers of anti-virus software to work with Monero developers to prevent this Botnet
This for me is a big hole in each operating system - Linux, Apple, Windows and ...
they must have a mechanism to automatically prevent Botnet,
otherwise they are Botnet
October 25, 2014, 03:24:27 PM
Lately the XMR price seems to be in decline anyway, so they sell what they can. Botnet owners still need to maintain their network, which takes time and effort.
miners must maintain their network too and they have additional electricity costs to pay.
would be interesting to see a botnet owner speak up what he pays effective per xmr
but anyhow: i dont think botnets are bad... people need to learn to secure their computers. and people tend to learn better the hard way
October 25, 2014, 03:21:41 PM
Botnet operators don't need to pay for electricity
could you explain a little more?!
A large portion of the Monero global hash rate is made up of botnets. A botnet is "a network of private computers infected with malicious software and controlled as a group without the owners' knowledge,". In this case the botnet operators are using the computers to mine Monero, since Monero is quite profitable to mine with CPUs. Obviously the botnet operators don't need to pay for the electricity, so they will be making a profit no matter what.
this is terrible, by this logic, they can bring the price down to 1 Satoshi
is there a way for developers to prevent this - Botnets
why do you think botnet owners would sell immediatly?
i think the opposit is true: a normal miner has to cover costs: he has to sell. a botnet owner get them nearly for free (just a little risk and maybe some cost to buy the botnet in the first lace)
Lately the XMR price seems to be in decline anyway, so they sell what they can. Botnet owners still need to maintain their network, which takes time and effort.
October 25, 2014, 03:19:48 PM
Warning, only fun follows.
Forget about the Earth's Moon, we are talking about Pluto!
The New Horizons spacecraft will be at it's closest on July 14, 2015. It went into it's last hibernation on Aug. 29th and will wake up on Dec 9.
Now look at the charts. Monero was at a high on Aug 29th and it's been downhill from there. Coincidence?, I think not. Therefore we can expect an upswing to start on Dec. 9th. There will be a record high on July 14, 2015 but I'm unsure what it will be. Happy Bastille Day!
Forget about the Earth's Moon, we are talking about Pluto!
The New Horizons spacecraft will be at it's closest on July 14, 2015. It went into it's last hibernation on Aug. 29th and will wake up on Dec 9.
Now look at the charts. Monero was at a high on Aug 29th and it's been downhill from there. Coincidence?, I think not. Therefore we can expect an upswing to start on Dec. 9th. There will be a record high on July 14, 2015 but I'm unsure what it will be. Happy Bastille Day!
LOL
Imagine if something like that happens within three days of the 9th!
is there a way for developers to prevent this - Botnets
They can't do anything.Some people feel that they can, for example people on the Bytecoin thread people have said, and the darknote developers themselves have made the point that the fast emission style creates a situation where botnets are mostly subverted.
Your personal opinion on that, is up to you though.
My personal feeling is that I would rather buy a coin at a higher price from a botnet, than ever buy it at a lower price from the developers and extremely early adopters from having to burden them with distributing the coin cheaply, because I feel that it yields a better distribution method.
Just a personal taste issue I guess, I don't have the capacity to understand why I feel that way. Possibly because they don't either, or at least haven't come here to debate the issue.
October 25, 2014, 03:17:10 PM
Botnet operators don't need to pay for electricity
could you explain a little more?!
A large portion of the Monero global hash rate is made up of botnets. A botnet is "a network of private computers infected with malicious software and controlled as a group without the owners' knowledge,". In this case the botnet operators are using the computers to mine Monero, since Monero is quite profitable to mine with CPUs. Obviously the botnet operators don't need to pay for the electricity, so they will be making a profit no matter what.
this is terrible, by this logic, they can bring the price down to 1 Satoshi
is there a way for developers to prevent this - Botnets
why do you think botnet owners would sell immediatly?
i think the opposit is true: a normal miner has to cover costs: he has to sell. a botnet owner get them nearly for free (just a little risk and maybe some cost to buy the botnet in the first lace)
October 25, 2014, 03:15:28 PM
Botnet operators don't need to pay for electricity
could you explain a little more?!
A large portion of the Monero global hash rate is made up of botnets. A botnet is "a network of private computers infected with malicious software and controlled as a group without the owners' knowledge,". In this case the botnet operators are using the computers to mine Monero, since Monero is quite profitable to mine with CPUs. Obviously the botnet operators don't need to pay for the electricity, so they will be making a profit no matter what.
this is terrible, by this logic, they can bring the price down to 1 Satoshi
is there a way for developers to prevent this - Botnets
and no, there isn't any way for the devs to stop botnets. However they can reduce the emission rate, which would decrease sell pressure causing a more stable and higher price.
October 25, 2014, 03:11:13 PM
Botnet operators don't need to pay for electricity
could you explain a little more?!
A large portion of the Monero global hash rate is made up of botnets. A botnet is "a network of private computers infected with malicious software and controlled as a group without the owners' knowledge,". In this case the botnet operators are using the computers to mine Monero, since Monero is quite profitable to mine with CPUs. Obviously the botnet operators don't need to pay for the electricity, so they will be making a profit no matter what.
this is terrible, by this logic, they can bring the price down to 1 Satoshi
is there a way for developers to prevent this - Botnets
They can't do anything.
October 25, 2014, 03:08:54 PM
Botnet operators don't need to pay for electricity
could you explain a little more?!
A large portion of the Monero global hash rate is made up of botnets. A botnet is "a network of private computers infected with malicious software and controlled as a group without the owners' knowledge,". In this case the botnet operators are using the computers to mine Monero, since Monero is quite profitable to mine with CPUs. Obviously the botnet operators don't need to pay for the electricity, so they will be making a profit no matter what.
this is terrible, by this logic, they can bring the price down to 1 Satoshi
is there a way for developers to prevent this - Botnets
October 25, 2014, 03:06:10 PM
Botnet operators don't need to pay for electricity
could you explain a little more?!
A large portion of the Monero global hash rate is made up of botnets. A botnet is "a network of private computers infected with malicious software and controlled as a group without the owners' knowledge,". In this case the botnet operators are using the computers to mine Monero, since Monero is quite profitable to mine with CPUs (and generally botnets give a lot of CPU power without the host noticing). Obviously the botnet operators don't need to pay for the electricity, so they will be making a profit no matter what.
October 25, 2014, 03:04:52 PM
When I first got involved in crypto there were 69 currencies listed on coinmarketcap with a total market cap of $ 13,890,378,655 https://web.archive.org/web/20140104141936/http://coinmarketcap.com/
Is it rational to expect the moon though, when only one out of 69 currencies, and now only one out of >545 currencies and a few assets has actually delivered?
He's saying that he got involved at the top of the market and Bitcoin certainly hasn't "delivered" what he is looking for which is high and increasing prices. So that would be 0/69 at this point.
Get involved at the top of any market and things will look bleak later from that perspective. Quite understandable.
My point in posting those figures for the growth in currencies while the market cap shrunk was to show the amount of money that has left crypto even though there was an explosion of altcoins offering everything anyone could ever want. It had nothing to do with my expectations because I didn't have any.
October 25, 2014, 03:03:02 PM
Botnet operators don't need to pay for electricity
could you explain a little more?!
October 25, 2014, 02:57:04 PM
is there someone who can mining monero any profit at these prices
I was already it profitable to buy than to mining
My the electricity is expensive on the number of coins that I get for 1 month
______
I officially stopped mining
_______
I was already it profitable to buy than to mining
My the electricity is expensive on the number of coins that I get for 1 month
______
I officially stopped mining
_______
Botnet operators don't need to pay for electricity
October 25, 2014, 02:55:56 PM
is there someone who can mining monero any profit at these prices
I was already it profitable to buy than to mining
My the electricity is expensive on the number of coins that I get for 1 month
______
I officially stopped mining
_______
I was already it profitable to buy than to mining
My the electricity is expensive on the number of coins that I get for 1 month
______
I officially stopped mining
_______
October 25, 2014, 02:49:16 PM
When I first got involved in crypto there were 69 currencies listed on coinmarketcap with a total market cap of $ 13,890,378,655 https://web.archive.org/web/20140104141936/http://coinmarketcap.com/
There are now 545 currencies with a market cap of $ 5,192,835,057.
789% more currencies worth 37% of what 69 were worth January 8th 2014.
All of these currencies offered the moon but delivered nothing. Why should people think any different of Monero or any other coin? One thing is for sure, nobody's going to wait three years.
There are now 545 currencies with a market cap of $ 5,192,835,057.
789% more currencies worth 37% of what 69 were worth January 8th 2014.
All of these currencies offered the moon but delivered nothing. Why should people think any different of Monero or any other coin? One thing is for sure, nobody's going to wait three years.
Is it rational to expect the moon though, when only one out of 69 currencies, and now only one out of >545 currencies and a few assets has actually delivered?
Even at the time you started, 1 out of 69 isn't the greatest odds when you're led to believe that everyone is offering only the moon.
Now, at 1 in 545, the chances of offering the moon are much less, if you were to randomly throw money at these things.
When bitcoin started, it offered a cryptocurrency. Investors saw the moon. Chances back then were likely 1 in 1, or even 1 in 5, and the ticket was cheap.
With the complete disregard for the technical offerings of some of these things, and incessant talks about the moon, I have only been left with the thought that everyone here is absolutely irrational. I say irrational, because >99% is basically everyone.
Especially when they're offering, for the most part, something you already have, or think you have, in your bank account .. and tend to think very very little about what it is or where it came from .. just that you need it to live and you need more of it to make more of it.
I mean, there's very few moons out there. Earth has one, Saturn has (62?) moons. So the idea that we're even talking about potentially legitimate alternative cryptocurrencies offering the moon means most of us are on another damn planet in regards to where our heads are at.
With that in mind, I must admit that I likely would have had to pay to be on another planet, as I'm pretty sure I started on earth. so my fee paid is in grabbing a rational amount of just about anything that pokes out of bitcoins shadow and seeing what they did.
I like this one, because the developers were there when I had questions, and have been there when I've had more questions. I'm convinced that they'll continue to be here when I have even more questions. That's important .. that they're here and responsive and helpful, because they've convinced me that they'll likely always be here. That's just as important as innovation, of which they have also provided. Electrum seeds, i2p development, GUI development, core protocol development, seeding a community, there's lists of things that have been provided. Not many of these things were available for the US dollar for a few hundred years, save for seeding a community, so I think we're pretty on track here.
Worst comes to worst, it's just tulips
Warning, only fun follows.
Forget about the Earth's Moon, we are talking about Pluto!
The New Horizons spacecraft will be at it's closest on July 14, 2015. It went into it's last hibernation on Aug. 29th and will wake up on Dec 9.
Now look at the charts. Monero was at a high on Aug 29th and it's been downhill from there. Coincidence?, I think not. Therefore we can expect an upswing to start on Dec. 9th. There will be a record high on July 14, 2015 but I'm unsure what it will be. Happy Bastille Day!
October 25, 2014, 02:47:48 PM
What worked for bitcoin or the history of bitcoin will never be repeated. But good luck.
you may not have read enough history
History always repeats ... Always
October 25, 2014, 02:46:05 PM
If any cryptocurrency wants to be around in three years then it needs to offer something people want and it needs to offer it now. If it doesn't it won't be around in three years, monero included.
Telling people it might take three years is like shooting yourself in the foot. People aren't going to do that. They are already losing patience as proven by the recent selling. People want results now. That's just a fact of life.
Telling people it might take three years is like shooting yourself in the foot. People aren't going to do that. They are already losing patience as proven by the recent selling. People want results now. That's just a fact of life.
Monero is currently almost exclusively owned by people with a horizon of 3 years or more, as was Bitcoin 3 years ago.
Last time the owners were richly rewarded, let's see this time.
I agree with you
Now I can spend a few thousand dollars, while after three years I might have a few million in my pocket.
Several thousand dollars today are nothing to some people
Let's stop people sell their coins and the price will start to grow with every day
October 25, 2014, 02:34:16 PM
He's saying that he got involved at the top of the market and Bitcoin certainly hasn't "delivered" what he is looking for which is high and increasing prices. So that would be 0/69 at this point.
Get involved at the top of any market and things will look bleak later from that perspective. Quite understandable.
Get involved at the top of any market and things will look bleak later from that perspective. Quite understandable.
I see, sometimes I drink too much cheap rum and misunderstand things
In which case, I highly suggest grabbing a cheap bottle of rum on this beautiful fall saturday (NE USA for me), have fun and not worry about whether the money's going to have the same non-existant purchasing power it did a year or six months ago!
It sucks to see value go, but the absolutely violent and quick re-emergence of it will be a sight to see. I'd consider that an accomplishment, even if I kept this in the back of my mind for years to come. Sometimes, timeframes are just too narrow I guess.
People just don't churn out new protocols every day.
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