[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1666.

shinjikenny123

member

Activity: 63

Merit: 10

Quote from: equipoise on July 11, 2014, 08:04:02 AM

^Yes. Currently the exchanges generate a Payment ID to distinguish your deposit from someone else deposit and all the funds from all the users are deposited to a single stealth address.

Edit: It's in the FAQ: https://bitcointalksearch.org/topic/closed-unofficial-xmr-community-monero-faq-thread-686086

Ok thanks.

The pending deposit already appeared on poloniex... It took almost 2hrs to appear there and it's still pending...
Seems like they require 18 confirmations..
How do I check how many confirmations it already has from http://monerochain.info/?

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

^Yes. Currently the exchanges generate a Payment ID to distinguish your deposit from someone else deposit and all the funds from all the users are deposited to a single stealth address.

Edit: It's in the FAQ: https://bitcointalksearch.org/topic/closed-unofficial-xmr-community-monero-faq-thread-686086

shinjikenny123

member

Activity: 63

Merit: 10

Quote from: equipoise on July 11, 2014, 07:51:13 AM

Quote from: shinjikenny123 on July 11, 2014, 07:46:33 AM

I did include the payment id.
Mintpal says successful:

My poloniex account still hasn't receive the 1xmr I sent.
Deposit address: 47sghzufGhJJDQEbScMCwVBimTuq6L5JiRixD8VeGbpjCTA12noXmi4ZyBZLc99e66NtnKff34fHsGR oyZk3ES1s1V4QVcB
Payment ID: 57e90967b8579140d91074bb6ca64e6f0d3e6a11e822a575a91c884e6972876d

I checked 57e90967b8579140d91074bb6ca64e6f0d3e6a11e822a575a91c884e6972876d at http://monerochain.info/
and I see "Amount (XMR) 9.990000000000".. Is that my XMR account balance? I never sent anything yet except for the 1xmr I sent a while ago

The blockchain won't show the real amount sent, because of the privacy XMR provide.

So this "Amount (XMR) 9.990000000000" is just some random number?
What is this payment ID? Is it like a bitcoin address? The Deposit address doesn't seem uniquely assigned to me...

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: shinjikenny123 on July 11, 2014, 07:46:33 AM

I did include the payment id.
Mintpal says successful:

My poloniex account still hasn't receive the 1xmr I sent.
Deposit address: 47sghzufGhJJDQEbScMCwVBimTuq6L5JiRixD8VeGbpjCTA12noXmi4ZyBZLc99e66NtnKff34fHsGR oyZk3ES1s1V4QVcB
Payment ID: 57e90967b8579140d91074bb6ca64e6f0d3e6a11e822a575a91c884e6972876d

I checked 57e90967b8579140d91074bb6ca64e6f0d3e6a11e822a575a91c884e6972876d at http://monerochain.info/
and I see "Amount (XMR) 9.990000000000".. Is that my XMR account balance? I never sent anything yet except for the 1xmr I sent a while ago

The blockchain won't show the real amount sent, because of the privacy XMR provide.

Rias

sr. member

Activity: 373

Merit: 250

Quote from: psterryl on July 11, 2014, 07:34:28 AM

Quote from: Rias on July 11, 2014, 07:13:54 AM

Quote from: smooth on July 11, 2014, 04:19:39 AM

Quote from: Rias on July 11, 2014, 04:11:58 AM

Difficulty is already adjusted for different block time, so no need to discount on it. This makes XMR a more profitable target for botnet owners. And yesterday when I did the same calculations, XMR price was higher, BCN difficulty 20M lower. That is why it was 10% higher for XMR.

No you have that exactly wrong. Difficulty tells you how many hashes you have to do (on average) for each block (not per day -- your formula is fundamentally incorrect).

Go back and recalculate with difficulty correctly applied per block and you will get different (correct) results.

Ok, let's do it again:

Block reward:
BCN: 110,000
XMR: 15.6

Difficulty:
BCN: 114,000,000
XMR: 800,000,000

Price:
BCN: 0.00000008
XMR: 0.00294

Block reward adjusted for difficulty = (Block reward / Difficulty) * Price
BCN: 0.0000000000771929824561
XMR: 0.0000000000573300000000

Blocks per day:
BCN: 720
XMR: 1440

Daily emission adjusted for difficulty = block reward adjusted for difficulty * blocks per day:
BCN: 0.0000000555789
XMR: 0.0000000825552

Again, XMR is way more profitable for botnet owners and that is exactly what I've been trying to tell you with the previous calcs, but they were inaccurate as I've taken rough daily emission and might have made a mistake with the estimate.

I did some quick calculations earlier and also saw that BCN is more profitable.

My formula is [your HR]/[network HR]*[blocks per day]*[block reward]*[price in BTC]

This will give you BTC/day for your crypto of choice. When I did my calculations earlier I was getting ~20% more BTC/day for BCN vs XMR for the same hashrate.

Ok, maybe I fucked up somewhere. Under your calculations (and assuming you have 1 hash/s) BCN is more profitable than XMR:

BCN: 0.0000068129
XMR: 0.0000049657

However, if you move even a 700 KH/s botnet from XMR to BCN it starts to be unprofitable, which is why there might be no botnets in BCN:

BCN': 0.0000038871
XMR: 0.0000039786

And don't forget that XMR emits 66 BTC per day, while BCN only has 6 BCN emission volume per day (based on current prices). It's more sensible for large botnets to fight for a larger pie.

Shrikez

sr. member

Activity: 400

Merit: 263

Quote from: florida.haunted on July 11, 2014, 06:58:10 AM

snip

***
Meanwhile, all the monero nation! Let us donate to Monero dev team! Call to do that all the pool operators, exchange owners, etc.!!!
It's our shame, that Monero's daily volume is the biggest among exchanges, but dev team received just under 1 BTC!
***

You are perfectly right, it's a shame.

Just donated 25 XMR and will add more as my holdings grow.

Come on fellow hodlers, you know it's a good investment!

psterryl

member

Activity: 87

Merit: 10

Yeah I'm half asleep and somehow missed the donation section. I also referred to MRO rather than XMR..

shinjikenny123

member

Activity: 63

Merit: 10

I did include the payment id.
Mintpal says successful:

My poloniex account still hasn't receive the 1xmr I sent.
Deposit address: 47sghzufGhJJDQEbScMCwVBimTuq6L5JiRixD8VeGbpjCTA12noXmi4ZyBZLc99e66NtnKff34fHsGR oyZk3ES1s1V4QVcB
Payment ID: 57e90967b8579140d91074bb6ca64e6f0d3e6a11e822a575a91c884e6972876d

I checked 57e90967b8579140d91074bb6ca64e6f0d3e6a11e822a575a91c884e6972876d at http://monerochain.info/
and I see "Amount (XMR) 9.990000000000".. Is that my XMR account balance? I never sent anything yet except for the 1xmr I sent a while ago

argentinx

member

Activity: 109

Merit: 10

calc xmr for 1000hash
0,0029*(15,6*(1/(802380253/1000/60/60/24)))
calc bcn for 1000hash
0,00000008*(102599*(1/(120000000/1000/60/60/24)))
bcn is more profitable

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: psterryl on July 11, 2014, 07:37:08 AM

I agree! Fluffypony - what are the BTC/MRO donation addresses for the dev team? ~~They're not in the OP (maybe consider adding them?).~~ My bad, they are in OP and I didn't notice.

I'll try to get a donation drive going on reddit and contribute what I can myself.

They're in the OP in this section:

Donations for general development

XMR:

Code:

46BeWrHpwXmHDpDEUmZBWZfoQpdc6HaERCNmx1pEYL2rAcuwufPN9rXHHtyUA4QVy66qeFQkn6sfK8aHYjA3jk3o1Bv16em

viewkey: e422831985c9205238ef84daf6805526c14d96fd7b059fe68c7ab98e495e5703

BTC:

Code:

1FhnVJi2V1k4MqXm2nHoEbY5LV7FPai7bb

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

^They are in the OP

psterryl

member

Activity: 87

Merit: 10

Quote from: florida.haunted on July 11, 2014, 06:58:10 AM

Quote from: fluffypony on July 11, 2014, 05:32:46 AM

Thus far we have received well under 1 BTC in donations, a trivial amount. That means that all of our time and energy and effort is completely self-funded.

We are not sitting on mountains of XMR, this is a cryptocurrency that had an absolutely 100% fair launch. Given the current size of the cryptocurrency market I would argue that it had an even fairer launch than Bitcoin, because tons of people jumped on and mined it from day 1. We had no opportunity to amass any sizeable amount of XMR. Thus, our entire effort is a labour of love and completely because we want to see XMR become useful. If we get no donations, we are unable to spend large amounts of time on it, and we will have to peck away at it in our spare time. If you want to see less "sluggishness" (i.e. more time allocated), then donate. If you haven't donated you have absolutely no room to manoeuvre in this discussion.

***
Meanwhile, all the monero nation! Let us donate to Monero dev team! Call to do that all the pool operators, exchange owners, etc.!!!
It's our shame, that Monero's daily volume is the biggest among exchanges, but dev team received just under 1 BTC!
***

I agree! Fluffypony - what are the BTC/MRO donation addresses for the dev team? ~~They're not in the OP (maybe consider adding them?).~~ My bad, they are in OP and I didn't notice.

I'll try to get a donation drive going on reddit and contribute what I can myself.

psterryl

member

Activity: 87

Merit: 10

Quote from: Rias on July 11, 2014, 07:13:54 AM

Quote from: smooth on July 11, 2014, 04:19:39 AM

Quote from: Rias on July 11, 2014, 04:11:58 AM

Difficulty is already adjusted for different block time, so no need to discount on it. This makes XMR a more profitable target for botnet owners. And yesterday when I did the same calculations, XMR price was higher, BCN difficulty 20M lower. That is why it was 10% higher for XMR.

No you have that exactly wrong. Difficulty tells you how many hashes you have to do (on average) for each block (not per day -- your formula is fundamentally incorrect).

Go back and recalculate with difficulty correctly applied per block and you will get different (correct) results.

Ok, let's do it again:

Block reward:
BCN: 110,000
XMR: 15.6

Difficulty:
BCN: 114,000,000
XMR: 800,000,000

Price:
BCN: 0.00000008
XMR: 0.00294

Block reward adjusted for difficulty = (Block reward / Difficulty) * Price
BCN: 0.0000000000771929824561
XMR: 0.0000000000573300000000

Blocks per day:
BCN: 720
XMR: 1440

Daily emission adjusted for difficulty = block reward adjusted for difficulty * blocks per day:
BCN: 0.0000000555789
XMR: 0.0000000825552

Again, XMR is way more profitable for botnet owners and that is exactly what I've been trying to tell you with the previous calcs, but they were inaccurate as I've taken rough daily emission and might have made a mistake with the estimate.

I did some quick calculations earlier and also saw that BCN is more profitable.

My formula is [your HR]/[network HR]*[blocks per day]*[block reward]*[price in BTC]

This will give you BTC/day for your crypto of choice. When I did my calculations earlier I was getting ~20% more BTC/day for BCN vs XMR for the same hashrate.

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: shinjikenny123 on July 11, 2014, 07:14:19 AM

Could anyone tell me how to check my monero address on the blockchain explorer?
I sent 1xmr to poloniex, how do I check it? I checked the xmr address at minergate.com, it says hash not found.
How long does it take to transfer xmr?

Possibly you forgot payment id. Check our new FAQ thread, whether answer is there, if not, post the question.

https://bitcointalksearch.org/topic/m.7784707

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: shinjikenny123 on July 11, 2014, 07:14:19 AM

Could anyone tell me how to check my monero address on the blockchain explorer?
I sent 1xmr to poloniex, how do I check it? I checked the xmr address at minergate.com, it says hash not found.
How long does it take to transfer xmr?

Monero addresses dont work the same way as Bitcoin, you cant search by address using those block explorers for this reason.

Shouldnt take more than 20 mins depending on the confirmation count on their end.

shinjikenny123

member

Activity: 63

Merit: 10

Could anyone tell me how to check my monero address on the blockchain explorer?
I sent 1xmr to poloniex, how do I check it? I checked the xmr address at minergate.com, it says hash not found.
How long does it take to transfer xmr?

Rias

sr. member

Activity: 373

Merit: 250

Quote from: smooth on July 11, 2014, 04:19:39 AM

Quote from: Rias on July 11, 2014, 04:11:58 AM

Difficulty is already adjusted for different block time, so no need to discount on it. This makes XMR a more profitable target for botnet owners. And yesterday when I did the same calculations, XMR price was higher, BCN difficulty 20M lower. That is why it was 10% higher for XMR.

No you have that exactly wrong. Difficulty tells you how many hashes you have to do (on average) for each block (not per day -- your formula is fundamentally incorrect).

Go back and recalculate with difficulty correctly applied per block and you will get different (correct) results.

Ok, let's do it again:

Block reward:
BCN: 110,000
XMR: 15.6

Difficulty:
BCN: 114,000,000
XMR: 800,000,000

Price:
BCN: 0.00000008
XMR: 0.00294

Block reward adjusted for difficulty = (Block reward / Difficulty) * Price
BCN: 0.0000000000771929824561
XMR: 0.0000000000573300000000

Blocks per day:
BCN: 720
XMR: 1440

Daily emission adjusted for difficulty = block reward adjusted for difficulty * blocks per day:
BCN: 0.0000000555789
XMR: 0.0000000825552

Again, XMR is way more profitable for botnet owners and that is exactly what I've been trying to tell you with the previous calcs, but they were inaccurate as I've taken rough daily emission and might have made a mistake with the estimate.

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: fluffypony on July 11, 2014, 05:32:46 AM

Thus far we have received well under 1 BTC in donations, a trivial amount. That means that all of our time and energy and effort is completely self-funded.

We are not sitting on mountains of XMR, this is a cryptocurrency that had an absolutely 100% fair launch. Given the current size of the cryptocurrency market I would argue that it had an even fairer launch than Bitcoin, because tons of people jumped on and mined it from day 1. We had no opportunity to amass any sizeable amount of XMR. Thus, our entire effort is a labour of love and completely because we want to see XMR become useful. If we get no donations, we are unable to spend large amounts of time on it, and we will have to peck away at it in our spare time. If you want to see less "sluggishness" (i.e. more time allocated), then donate. If you haven't donated you have absolutely no room to manoeuvre in this discussion.

fluffypony, I wait to attract to Monero, a friend of mine, person of consequence in info business. The one bit keeping me waiting is your unsociability to our society. But now I see this is just psychologic issue, not political one. So I will resume actions I planned.

***
Meanwhile, all the monero nation! Let us donate to Monero dev team! Call to do that all the pool operators, exchange owners, etc.!!!
It's our shame, that Monero's daily volume is the biggest among exchanges, but dev team received just under 1 BTC!
***

cisahasa

legendary

Activity: 910

Merit: 1000

Quote from: fluffypony on July 11, 2014, 06:21:21 AM

Quote from: ?? on ??

tried.. was no help
its been more than 24h now, like a week

im tired of playin so small coins out.
thas why i gave the wallet to u if it can help the coin anyway to solve this

Ok - we'll investigate it and see what's potting. In the interim, let me know if you need me to send the 1.6 XMR to you from my wallet so that you have it.

keep the coins..
i would like to hear from u later(PM) what was the matter with the stuck coins

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: ?? on ??

tried.. was no help
its been more than 24h now, like a week

im tired of playin so small coins out.
thas why i gave the wallet to u if it can help the coin anyway to solve this

Ok - we'll investigate it and see what's potting. In the interim, let me know if you need me to send the 1.6 XMR to you from my wallet so that you have it.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1666. (Read 4670972 times)