[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1338.

Techone

newbie

Activity: 21

Merit: 0

Quote from: iCEBREAKER on October 18, 2014, 06:35:21 PM

Quote from: cisahasa on October 18, 2014, 04:40:31 PM

is this coin still controlled by claymore?

Quote from: atp1916 on October 18, 2014, 05:54:59 PM

Claymore is simply an awesome dev.

Claymore is the CEO of Monero? Shocked

Is it true?

No. He is not.
He only developes the miner as far as I know.

But one should stick with open source miners. This way you are not dependent on a single piece of software you can not control to get your rig running.
If you only got a few CPUs or cards, it not a big deal, but if you own a farm, you can get in trouble very fast with AMD and a closed source miner.

Speaking of network safety: Just imagine a closed source mining software for AMD GPUs that stops working on a specific date in the future. It would cripple the network down to less than 50% nominal rate and leave it exposed to all kind of nasty things... you do not want that. Really.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: cisahasa on October 18, 2014, 04:40:31 PM

is this coin still controlled by claymore?

Quote from: atp1916 on October 18, 2014, 05:54:59 PM

Claymore is simply an awesome dev.

Claymore is the CEO of Monero? Shocked

Is it true?

atp1916

legendary

Activity: 854

Merit: 1000

Claymore is simply an awesome dev.

That is all.

nioc

legendary

Activity: 1624

Merit: 1008

And Claymore cut the fee in half. Claymore is for AMD and there is an open source one for nvidia.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: jwinterm on October 18, 2014, 05:06:52 PM

Quote from: cisahasa on October 18, 2014, 04:52:59 PM

Quote from: ?? on ??

Quote from: cisahasa on October 18, 2014, 04:40:31 PM

is this coin still controlled by claymore?

Why do you say that?

Are there any numbers about the percentage of coins being generated by the claymore miner?

so the game is still the same? percentages from miner go to one man?
no other gpu miners out there?

There's been open source nvidia miner for several months, and there is also a russian miner (kminer) which has a much lower fee (0.7%) and supposed to have faster speeds as well, for last month or two.

There are plenty of available options, but IMHO, there's not much of a difference between a GPU and a CPU really. My i7 generates as much as my 5970.

jwinterm

legendary

Activity: 3164

Merit: 1116

Quote from: cisahasa on October 18, 2014, 04:52:59 PM

Quote from: ?? on ??

Quote from: cisahasa on October 18, 2014, 04:40:31 PM

is this coin still controlled by claymore?

Why do you say that?

Are there any numbers about the percentage of coins being generated by the claymore miner?

so the game is still the same? percentages from miner go to one man?
no other gpu miners out there?

There's been open source nvidia miner for several months, and there is also a russian miner (kminer) which has a much lower fee (0.7%) and supposed to have faster speeds as well, for last month or two.

cisahasa

legendary

Activity: 910

Merit: 1000

Quote from: ?? on ??

Quote from: cisahasa on October 18, 2014, 04:40:31 PM

is this coin still controlled by claymore?

Why do you say that?

Are there any numbers about the percentage of coins being generated by the claymore miner?

so the game is still the same? percentages from miner go to one man?
no other gpu miners out there?

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: cisahasa on October 18, 2014, 04:40:31 PM

is this coin still controlled by claymore?

xmr has never been controlled by claymore in any meaningful sense. you must be thinking of that other coin.

bybitcoin

hero member

Activity: 672

Merit: 500

I have a wallet (backup) in the .NET client version .36 from the past summer. For an unknown reason (to me), the client stopped working (including its new released versions up to .39). Does anybody know why?

cisahasa

legendary

Activity: 910

Merit: 1000

is this coin still controlled by claymore?

shojayxt

legendary

Activity: 896

Merit: 1001

Quote from: ?? on ??

Quote from: shojayxt on October 18, 2014, 04:13:15 PM

Quote from: ?? on ??

Quote from: smooth on October 18, 2014, 01:13:45 PM

Quote from: burnbabyburn71 on October 18, 2014, 12:41:53 PM

Mining Monero isn't even that profitable, I don't understand why so many are mining and dumping. Surely there is another significant cause for the selling pressure

It is the most profitable algorithm to mine on a CPU...

I do not agree. After having been mining XMR for a few months, right now I find CPU mining BSTY much more profitable than mining XMR.

Nice plug for your coin. I just checked and c-cex has .43 in buy orders and 0 volume. Allcoin has 0.0008 BTC volume last 24 hrs.

Who do you sell these coins to?

Do you really think this one being my coin? Just check my activity in this thread and compare with the same on the BSTY one. I have a BTC value more than 10 times greater in XMR than in BSTY.

I am a small CPU miner (currently mining with only two computers) and I am just sharing my results after having mined both coins. Definitely BSTY is not for big whales, but it is much more profitable for small miners like me.

I should have left out the "nice plug for your coin in my post". I'll apologize for that.

How can BSTY be more profitable than XMR when there are no buyers? The price listed on an exchange is meaningless without buyers.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: MTJ151 on October 18, 2014, 02:55:33 PM

I wonder how much of an impact claymore makes on the downward pressure of the price of monero.

He includes a fee with his AMD miner and I guess he dumps most of, if not all of the coins he gets.

God bless claymore and the botnets for their efforts to keep Monero secured with high network hashrates, and ensure wide distribution via downward price pressure created by dumping.

Absent claymore and the botnets mining and dumping, the network would be less secure and other miners would be empowered to hoard more Monero than at present.

If XMR is to be as successful as BTC, it must also first undergo a long ecosystem seeding period of low valuation so that the masses may acquire cheap coins to their hearts' content. Cool

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: ?? on ??

这是买入的时机

对啊。

To those who have been asking: I am well, merely very busy at work.

To those whose hand are trembling, I advise patience. It will be years before XMR achieves its potential. I would personally liquidate all other assets before I would become a net seller of XMR. Extreme volatility and drawdowns are to be expected in this embryonic phase. But I do not recommend further buying if you already feel shaky.

The fundamental investment thesis of XMR is not appreciably damaged by any drawdown similar in order of magnitude to those typical of BTC in its early history, certainly. We who can accumulate at these levels are well and truly blessed.

shojayxt

legendary

Activity: 896

Merit: 1001

Quote from: ?? on ??

Quote from: smooth on October 18, 2014, 01:13:45 PM

Quote from: burnbabyburn71 on October 18, 2014, 12:41:53 PM

Mining Monero isn't even that profitable, I don't understand why so many are mining and dumping. Surely there is another significant cause for the selling pressure

It is the most profitable algorithm to mine on a CPU...

I do not agree. After having been mining XMR for a few months, right now I find CPU mining BSTY much more profitable than mining XMR.

Nice plug for your coin. I just checked and c-cex has .43 in buy orders and 0 volume. Allcoin has 0.0008 BTC volume last 24 hrs.

Who do you sell these coins to?

e-coinomist

legendary

Activity: 2380

Merit: 1085

Money often costs too much.

Quote from: smooth on October 18, 2014, 01:13:45 PM

There is no "selling pressure" beyond what has always been there, with 20K coins being mined every day that need to find a home. In fact botnets have likely always been there. What has changed is that demand has dropped from about 80 BTC/day to about 50 BTC/day. That's still quite a lot!

3600 BTC get mined each day, on ASICS only since totally unrentable on CPU based Botnets. (GPU Botnets as argument is invalid, since they have to keep especiall care for NOT getting dedected & cleaned of infected hosts. A 194 degrees Fahrenheit GPU or a fan on 4300 RPM is not exactly that)
20K XMR are like 20*1000*0.0024=48 BTC at current market value which could seek to cash out, at max. Indeed "selling pressure" looks different. That would be holder's panic to dump due to a network attack (been there, seen that)

If demand is like ~50BTC there are several figures NOT fitting. Demand is not higher then supply. Botnet mining for CN coins does not flood the Bitcoin market. Nor have ASIC mining farms found Monero as a long term storage for the parts of BTC mining revenue that does not need to get sold for covering power costs.

But both coins get beaten up. I blame lack of believe in a useability of cryptocurrencies manifestating. The opposite market oppining from the former crypto goldrush.

MTJ151

full member

Activity: 221

Merit: 100

I wonder how much of an impact claymore makes on the downward pressure of the price of monero.

He includes a fee with his AMD miner and I guess he dumps most of, if not all of the coins he gets.

25hashcoin

hero member

Activity: 574

Merit: 500

Quote from: smooth on October 18, 2014, 02:14:56 PM

Quote from: 25hashcoin on October 18, 2014, 02:11:45 PM

Quote from: smooth on October 18, 2014, 12:37:43 PM

Quote from: 25hashcoin on October 18, 2014, 12:33:15 PM

Noob here. Am I solo mining properly? It says getting hash rate of probably average 180. How long should it take for me to see a reward? Also how does one gpu mine monero?

It depends on your hardware, but 180 might be right. At 180 you are essentially playing a raffle. There is nothing wrong with that (and indeed it is very good to help the network that way), just know what you are doing. Most likely you get nothing.

One issue with efficiency of CPU (including solo) mining is making sure you have huge pages set up correctly.

What are "huge pages"?

http://en.wikipedia.org/wiki/Page_(computer_memory)#Huge_pages

Thanks.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: 25hashcoin on October 18, 2014, 02:11:45 PM

Quote from: smooth on October 18, 2014, 12:37:43 PM

Quote from: 25hashcoin on October 18, 2014, 12:33:15 PM

Noob here. Am I solo mining properly? It says getting hash rate of probably average 180. How long should it take for me to see a reward? Also how does one gpu mine monero?

It depends on your hardware, but 180 might be right. At 180 you are essentially playing a raffle. There is nothing wrong with that (and indeed it is very good to help the network that way), just know what you are doing. Most likely you get nothing.

One issue with efficiency of CPU (including solo) mining is making sure you have huge pages set up correctly.

What are "huge pages"?

http://en.wikipedia.org/wiki/Page_(computer_memory)#Huge_pages

25hashcoin

hero member

Activity: 574

Merit: 500

Quote from: smooth on October 18, 2014, 12:37:43 PM

Quote from: 25hashcoin on October 18, 2014, 12:33:15 PM

Noob here. Am I solo mining properly? It says getting hash rate of probably average 180. How long should it take for me to see a reward? Also how does one gpu mine monero?

It depends on your hardware, but 180 might be right. At 180 you are essentially playing a raffle. There is nothing wrong with that (and indeed it is very good to help the network that way), just know what you are doing. Most likely you get nothing.

One issue with efficiency of CPU (including solo) mining is making sure you have huge pages set up correctly.

What are "huge pages"?

burnbabyburn71

sr. member

Activity: 266

Merit: 250

Quote from: smooth on October 18, 2014, 01:29:45 PM

Quote from: burnbabyburn71 on October 18, 2014, 01:19:10 PM

Really? I would've thought due to the generally extremely low immediate profitability of mining coins (especially when you factor in electricity costs) these days would have caused more people to hold, in the hopes that the price of a coin will increase in the future. Otherwise the profits won't be high enough to justify mining in the first place. That's basically what I've been doing, and it has worked really well for me.

There is nothing wrong with holding, but it is my opinion that represents only a portion of mining (of all coins).

Mining Monero on a CPU right now is break even somewhere in the neighborhood of 0.10 USD/kWh. So for people with low electricity costs (and that includes people with electric space heaters who have an effective cost of 0 -- it was noted earlier in this thread that with declining temperatures in the Northern Hemisphere we would expect to see more mining), CPU mining can be quite profitable.

Nobody really knows the cost structure for botnets, but it isn't zero (it takes time and/or money to create and maintain a botnet -- they don't just appear out of thin air).

Right you are, thanks.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1338. (Read 4671575 times)