Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1630. (Read 4670614 times)

That is a good question. Why do the numbers on monerochain.info differ so much from yours? Is that site calculating chain size in some unusual or incorrect way?

Thank you. I had no time to watch polo in the last 2 weeks, so this was a good and informative read.



I'll try that. Thanks.

To add to Risto's general price analysis it has also been interesting watching the general network over the last few days.

The hash rate dropped as low as ~9 m/h around 4-6 days ago and had been dwindling from the ATH of ~16 mh. Currently it is sitting at 14.3 m/h which is a nice ~50+% rise from the recent low, this is right in line with the increase in price and  as price stays this level or increases we can expect the net hash to increase as well. I havent run any figures against profitabilty compared to other coins but I would imagine that it has become slightly more profitable to mine XMR at this point while the hash rate catches up (if it does).

The blockchain bloat was a hot topic on IRC at the end of last week so I decided to start keeping exact blockchain size figures as the charts on monerochain.info can be misleading. I have been recording these at aroun 10:00 GMT and are as follows.

1,516,605 KB    13/7/14
1,544,024 KB    14/7/14
1,606,429 KB    15/7/14
1,628,828 KB    16/7/14
1,646,808 KB    17/7/14


As you can see the blockchain is growing at ~30 mb average a day which is fantastic news if you look back to how much bloat the dust transactions were causing on the chain so kudos to the core devs and pool devs for implementing those solutions. This current rate of growth is much more acceptable for the privacy afforded than the 10x the size of BTC's chain we were heading towards a month or two ago.

You can check the first post on this thread on a weekly basis. They are always linked there. I don't think there is mailing list at this point, but you can follow on twitter https://twitter.com/monerocurrency

I like the fact that this thread is SO ACTIVE, but I seem to keep missing the missives (I find/read them 1-4 days late). Is there a way to get notified about them? Maybe a mailing list?

Considerations concerning the ongoing XMR rally in Poloniex

Fundamentally, XMR looks good, because its support among top BTCers is stronger than the support of any other coin. This provides the long-term rationale for investing into a coin that is not cheap, has high issuance coming for the nearest years, and is practically useless.

Medium-term, the price had declined to a point where there were almost no asks, almost no bids (BTC60@[0-0.0023]), and no volume (BTC70 per day). The upturn was inevitable.

Now we are 3.7 days in the uptrend and the price is roughly double what it was at the low point (0.0046 vs. 0.0023). The bid support has more than doubled, however (BTC200 vs. BTC60). The bid support has reached values of BTC300+ at times.

The volume was lethargic at first, testifying to the fact that despite the rapid percentage rise in price, the sellers were not interested in shedding their stashes. Only the last 24 hours volume has been brisk (BTC420 compared to BTC130 in the first days of the uptrend).

The rise has roughly followed a pattern where daily highs are set at about midnight GMT. Thus it is likely that the buyers are from the U.S., because this is the prime playtime for them, or perhaps it's the time when both Europeans and East coast can play together.

There is a clear zig-zag pattern of higher daily highs and higher lows. As follows (bottom row is the first day of the uptrend and top is today):

427   (460->650(?))
329   500
285   390
260   349
231   320.

Yesterday saw more rapid price appreciation that the previous days. The nature of crypto booms is that this (superexponential growth, meaning that the percentage increase at least equals the previous day's percentage increase) will likely continue, until there is a breather at some level and then possibly the uptrend resumes. Therefore I predict 0.0065 to be achieved today. Yesterday my private prediction was 0.0044-0.0045 but later the same day there was another upsurge to 0.0050.

I don't see much resistance until we near the previous top (0.0100), because many holders will undoubtedly bet on a double top and plan to sell early. Others undoubtedly want to see XMR price making new highs and since there are many rich Bitcoin holders in the latter camp, the battle is going to be epic

Walls have been used quite liberally, highest ones have been about BTC100; and BTC40 is commonplace in both buy and sell side. There is yet no instance that a fakish buy wall has been snatched by a determined seller (some buy walls are fake though in the sense that they are pulled in a downturn). And even if there were, all buyers are solidly on the black with gains up to 100% in less than 4 full days.

The sell walls, on the other hand, may be snatched up to 10% away (like 0.0045 was bought when market was at 0.0041). Yesterday saw at least 4 instances of this happening with the BTC15-BTC50 walls in 0.0040, 0.0045 and 0.0050. For those who actually want to sell XMR, this is a paradise, since merely by setting a wall higher than the market, it will be taken. (If you can take the fact that price is rising 15-25% per day  )

Disclosure: I own XMR and my position has been increasing every day during the uptrend, and also most days during the previous downtrend. It has not decreased in any day. This disclosure may not be used in any way when determining tax and other liabilities, since "I" is undefined and may refer to any entity controlled or influenced by me under any jurisdiction and any official requests for information concerning them will be answered by lawful basis only.

My suggestion would be to put something in big letters on several pages, that there is a wrong repository/webpage. named maybe without linking to it, that google is not pushing it. I had the old repository and thought I had the right one, so maybe I would have found earlier ;-)

Spot on - thankful_for_today is no longer involved in Monero, and despite being asked he has refused to take down both of those dead resources. Anyone can report the github repo as being unmaintained and thus containing potentially dangerous code, and maybe github will take the repo down, but the unmaintained website is going to be a tough one. Thankfully, we only link to current and active resources in the OP, so I would imagine that, with time, those abandoned resources will become less and less important.

too old?
how come? i was checking out newest master version of git. isn't that the newest one?

edit:
I see. you were changing the repository...
https:// github . com /bitmonero-project/bitmonero
https://github.com/monero-project/bitmonero

maybe you should somehow mark it as old...

edit:
what is that? you also have 2 kinds of urls?
http:// bitmonero . org/
http://www.monero.cc/

thats somehow very confusing... i guess the guy who made it is not in the team any more?
otherwise I would suggest to remove the old things...

Thank you for your feedback. Make sure to send us any new reports - and collect your reward!



Thank you! We'll get in touch with you as soon as we look into your suggestions.
We would like to fine-tune our exchange so it becomes completely bug-free as we want all of our community members to have a pleasant user experience.

So please let us know what you think and send us your comments: [email protected]

Trade with pleasure!
Your Hitbtc team.

http://monero.graymines.net/ updated to latest pool code, with 0.1% fee for dev and 0.1% for pool dev ;-)

Dorian?

I am selling community service hours for XMR

Pm me on bitmessage: BM-2cVLgc3SXJMpRLUTU6ZdQH4Zbio1y5EMfF

perfect for all occasions when you need volunteer/community service hours

It depends on at which price he originally bought them before selling at 0.0037.

Also there is a chance that you can buy back at around 0.0037 or lower, but the value could also explode tomorrow, who knows.

My average buying price is around 0.0033 so I'm definately not selling until 0.006-0.007, and I will only sell if the rise is looking unsustainable, else holding long term

upvote plz

http://www.reddit.com/r/Bitcoin/comments/2axa41/interview_with_david_latapie/

That's really not that bad dude. Just buy in right now. that's not a major loss.

I'm crying, I sold all my xmr at 0.0037

You feel more loss now. The price shoots to moon already  2 days ago: 0.0029 Now 0.0043

Oops.

Well there are a lot of people who believe MONERO will reach at least 100$ and more, at the time this happens BTC is a lot of more valuable, so I think it;s possible, there is a good community, good activity and progress, see you on the m00n