Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1587. (Read 4670972 times)

If people want to discuss other altcoins with other monero users we have a place for that! http://moneroforum.org/index.php?board=20

I certainly agree with this part. More than incidental discussion of any other coin is off topic for this thread.

Whether BCN is a scam or not, I don't think it's in our best interest to discuss, especially on this thread (and considering BCN inspired the bitMonero fork).

It seems more than anything Bytecoin was a proof-of-concept implementation by some folks at Stanford that was never intended to be made public. Their intentions probably changed in early 2014 with the increased demand for anonymous cryptos. There's a strong possibility that the owners of BCN's github repo are not the original bytecoin devs.

I've been working on organizing moneroforum.org. Constructive feedback would be very helpful. Stop buy, check it out, let me know what you think, if you get a chance.

http://moneroforum.org/index.php

If you feel super generous, tell me your thoughts in the meta section of the forum

i'd even go beyond that. Even if you switch every day or two your variance on one particular coin doesn't really matter. If you get unlucky on one coin, the next day you might get lucky on another. Keep going and you will have a mix of good days and bad days.

I think your 50 blocks in the period you will be mining suggestion is a good one, but it doesn't need to be on each individual coin, just overall.

As long as you are getting (pieces of) blocks consistently you should be fine.

Also consider how much the variance even matters to you. Miners can go a bit overboard on optimizing things. If you are making a few dollars worth of coins per day does it really matter whether you make a dollar or two less on one day and a dollar or two more on another day?

I don't know anyone's financial situation, so it may be for some this does matter. I'm just suggesting to consider it realistically because too much optimizing of variance leads to everyone joining the largest pools and harms the network, as RentaMouse said. If you realistically don't have a reason to care please do what helps the network instead of hurting it.

This is a misconception coming from the CryptoNote whitepaper's use of the term. What they mean is that CN coins are double-spending proof under normal conditions (i.e. no one has >50% of the network). This would not be worth mentioning for normal signatures (BTC-derived coins) but special care had to be taken to make ring signatures double-spending proof. However, it's still vulnerable to the standard 51% attack like any PoW system because that allows replacing key image sets.

I agree that the 'large pool = better payout' superstition is annoying. I've tried to educate people on that but most don't actually know what PoW is so they go on believing what they want to believe.

Its a little frustrating to keep coming across miners who say "I will only mine on pool with most hash, or more than 20% of net hash, because they make me most profit", if we get too many who follow that (wrong) logic then we'll end up with only 4 or 5 pools and all the miners will be crying when they get DDoSed, or fees are increased. I'm not saying go mine on a pool with only 5KH/s as that would require some patience, but a little more understanding of variance would help. Simple way to look at it is to say "will the pool find at least 50 blocks in the minimum period I'll be mining for?", as that shld be enough for the variance to even out.

If you have a bunch of rigs and switch coins every day or two for the best profit then you want a pool which finds a block at least every 30min on average, which mean 1/30th of the net hash rate - with net hash at 20MH/sec that means a pool hash rate of around 600KH/s

If you are running a few CPUs/GPUs and dont want to be changing things all the time, then you could consider a minimum mining period of 6-7 days, so a pool hash rate of 100KH/sec should be sufficient


Remember its not how often the blocks are found which determines how much you earn, its the overall efficiency of the pool at finding those blocks plus your hashrate, minus any downtime. Its always a good idea to keep your own records of your hash rate plus average difficulty and block reward each day so you can check your actual earnings against what you should receive, especially if your pool doesnt provide any stats on block efficiency/luck or the number of hashes per round.

To my knowledge, of the others only BBR can be considered remotely invest-able, in itself.  Of course there are strategies for which minor sh*tcoins are useful vehicles, but they are specialized speculative methods which I will not assume are within your interest.

I think you mean underwater.  Not so strange to me.  It has all the red flags of a massive scam, and nothing going for it, at all, really.

Thank you, actually someone reported 290 with 216W.
Anyone else with power usage?

Btw I have added XMR and few other CN coins to my site.

MoneroForum.org up and running!!!

Please check it out guys and get involved. I know its hard early on when we dont have network effects, but the only way to generate network effects is to get in there and start talking even when there arnt very many people listening. I may do a promotion a little later to help bootstrap the forum.

When people give advice (out of a misplaced desire to be helpful) they tend to be extremely cautious of short-term draw-downs.  Too cautious, I would say.  Any drawdown you were to experience is overwhelmingly likely to be quite brief.  If you sell into BTC and come back, with the price higher, you will have fewer XMR for your trouble.  If you stay in XMR, at least your XMR will not decline in any case.

Hi. IMHO, 3 Weeks is nothing. I'm comfortable hodling XMR for a couple of years from now. If it dips, it'll rise again. :-)

New thread for discussing and/or arranging large off-exchange trades: https://bitcointalksearch.org/topic/monero-xmr-large-trade-otc-716331

Can anyone give me 280x hashrate and most important whats the power usage? %reduction from scrypt is fine.

Cancel the vacations. Is not worth the risk.
+ You will worry there all the time. Totally wasted founds. Try to sell your vacations while you still can, and buy some more cheap Moneros.

If you are worried about it just use a limit order. put it as low as you are willing to let the price fall before you feel uncomfortable.

Most of your crypto money? That's not a good sign.

If you want to leave this investment for 3 weeks, I would take out 70% into Bitcoin and then you'll be less stressed about the possibility of a Monero price crash over your holiday.

can i trust your pool ?!

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