Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1667. (Read 4670614 times)

Ok I gave a helpful answer and you just totally ignored the fact that the bug is going to be fixed and fluffypony offered to send you all of your coins (because they're not actually lost like you claim!).

I gave you the benefit of the doubt because I want to help folk not so familiar with Monero but I guess you're just trolling?

It's not a PR problem, I think you're misattributing what "PR" is. This is alpha-level software that requires a technical person with the ability to enable PAE to run. Eventually it will exit the alpha stage and be beta-level software with decidedly more usability (including bandwidth and memory requirements).

Per the discussion on #monero-dev we will add a note to the OP that 32-bit binaries are not recommended and they require PAE.

This is strange given how many experienced crypto people (senior and hero members) there supposedly are supporting xmr. I guess they are those who got lucky being there early with bitcoin and think doing just the same here i.e. buying their share of coins and sitting on the wallet is enough.

Community FAQ thread is here: https://bitcointalksearch.org/topic/closed-unofficial-xmr-community-monero-faq-thread-686086

Anyone can contribute questions and/or answers (submitting both together is preferred)

Yes, this is freaking out fucking big PR problem, that Windows 32-bits binaries http://monero.cc/downloads/monero.win.x86.latest.zip (0.8.8, updated: June 11th) run out of memory without official notice.

They are, sort of, in the sense that it was reported to run out of memory upon reaching a certain block number (and therefore fail to sync to the entire current block chain). I have not confirmed whether this is correct though.

A work around would probably be to configure 32-bit Windows to 3 GB user space mode, but that is non-standard.

32 bit binaries are not obsolete.

Could you please write down FAQ's I will answer them/get answers for them and then send to someone who can add them to the correct places.

This goes for you and everyone else Who has the ability to create a nice website like the other cn/alt coins? Im sure someone round here has templates that would be simple to add the desired information to. This is an open source project so anyone and everyone can contribute. Lets get this ball rolling.

There doesn't need to be a "special man" newbie questions get answered perfectly fine in the thread by a range of users, the devs are extremely busy it stands to reason that they cant sit on BCT all day.

The problem was that you mined lots of small 'dust' transactions to your wallet address before the minimum send amount was implemented into the pool code. This will result in a transaction that is too large to broadcast when you try to withdraw all your coins because it is taking lots of tiny fractional coin amounts.

The pools are fixed now and core devs are working on automatic transaction splitting so this won't be an issue in future wallet versions. Fluffypony offered to send you your entire balance in one lump sum so you no longer have this issue (back on pg 479). Just provide him with a wallet address to send it to.

My opinion about botnets. Their creators are smarter and more enterprising than average median people. So because of rank distributon biologically proven, total number of botnet creators is small, actually few people in the world, because of Monero is not popular as Bitcoin yet.

So given botnet creators are smart people, their decision about short-term selling is smart too.

Let's look things in the face, currently no coin can compete Bitcoin.

Monero could, but their devs are too sluggish, and the same time do not accept neither help nor critics:
- 32 bit obsolete Windows binaries are still sticky at 1st page this thread
- No newbie's FAQ is ever made (who can support price if not newbies?!)
- Official site has still html markup errors.
- There is no special man to answer newbies questions here officially from face of Monero team.
- Even missives come with 1-2 day delay. This delay is more important than it appears, because time regularity of Monero missives is the ONLY thing Monero devs promise us.

Meanwhile there are some 40 days till LTC/2 block reward happens!!!

This is the ultimate time window, when market decides Monero to live & replace LTC or to die & forget.

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.

Interesting perhaps, BCN difficulty spiked up quite a bit after my previous post (maybe the botnet owners are learning something here), but it is still more profitable than XMR.


And what I told you is that if you look at almost every single coin chart, it looks the same. Some have botnets, some don't. The trend for almost every coin is generally a slow downtrend, except when there is some sort of spark to speculative interest that drives it up.

This is the nature of mining -- it doesn't really matter who mines the coins or how many people compete to mine, the supply is fixed and constant. What varies (and therefore determines price) is demand.


Of course. Nobody is praising botnets here. As long as they exist though, they operate within the same economic laws as any other miners. When I say I consider them to be just another form of mining rig, I mean that in terms of economics, not morality.

Ok, my estimates are (leaving out orphans, block penatlies, etc.):

Daily emission (from minergate.com and monerochain.info):
BCN: 79,200,000
XMR: 23,000

Difficulty (from Bytecoin.org and monerochain.info):
BCN: 103,000,000
XMR: 800,000,000

Price (from Poloniex):
BCN: 0.00000007
XMR: 0.0029

Mining revenue adjusted for the difficulty = (Daily emission / difficulty) * Price:
BCN: 0.0000000846318306326
XMR: 0.0000000868489583333

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.



What I was trying to say is that botnets should be considered unworthy and frowned upon for CPU coins as they rip off regular miners. And they're illegal by the way.
And yes, if there are a lot of botnet miners selling, the supply side will prevail over the demand and the coin is likely to have a negative trend (recheck XMR price charts of the last week). And this is exactly the thought I've been trying to tell you for the last 4 pages.

At this point in time Im almost certain that buying is the most economical solution, while mining is almost certainly at a loss currently unless you have a private miner and already roi'd hardware.

Attention right now is at URO. Let's wait until they're finished with that coin. 

Hello
Please help solve the problem:
Downloaded blockchain from mega and bitmonerod.exe closing with error:


bitmonerod x64, Windows 7 x64 - same problem on 3 comp.

Are you ready guys?  

Who knows. It seems that a coin with built in strong privacy and fast growing adoption (at least for an altcoin) might well be something a botnet owner would very much like to use to store wealth or to otherwise conduct business. I might even speculate they prefer to mine XMR over BCN despite the worse immediate economics because they prefer to store wealth in XMR (and trading via an exchange might increase exposure).  But I have no idea really.

I have exact calculations I'd rather not post but I'll do a back of an envelope here.

BCN block reward in coins is about 6400 times the XMR reward. The value of XMR is about 40000 times BCN. Combined these make the BCN reward worth about 16% of the XMR reward. The difficulty of XMR is about 10.5 times the difficulty of BCN. So by these numbers if you do 1/10.5 as much work you can get about 1/6 of the reward. Better to mine BCN. 

This ignores other second order factors such as orphan rate, etc.


From the point of view of the rest of the network, it gets the job done and is indistinguishable from any other gear. If I owned a computer that was botted, I'd sure have a grievance, but no one else can really tell the difference. BTC or LTC do not suffer from being heavily mined on botnets at times (even currently to some extent in the case of LTC).

Your rape analogy is a bit strained, but to strain it further, if a rape occurs and a child is born, do you continue to associate the child with the rape? Coins are coins, and where they come from doesn't really matter to anyone else. That's what fungibility is all about.

Coins generated are either sold by the miner (almost always in the case of large scale professional miners) or held (sometimes by small scale miners and occasionally by large investors who have their own mining operations). That is the distincton that matters in terms of economics, and even that one doesn't always matter (if there are investors who prefer to buy than mine), as I explained earlier.


No.

Provide your estimates then, since I can't see a mistake in mine.

Do you really think that a botnet is just a mining gear? And rape is just a form of sex, right? Anyway, I'm pretty sure that botnet owners don't hold the coins they've mined as there are risks associated with the waiting game and you might have used your botnet for other purposes instead.

And I'm not trying to troll, but do you operate a botnet yourself?



Could you also ask why botnet owners choose XMR over BCN (as it seems we're off the route with smooth)?

So it looks like there has been a good amount of coin dumping today across several exchanges.  Either some profit taking or the botnet owner is taking funds when he can.

Hi, Fellow Miners,

At http://pool.cryptoescrow.eu we have some important news for you:

1) We have upgraded our server to a more powerful one - please
check if your miners are reconnected.

2) We have lowered minimum payout from 0.5XMR to 0.2XMR, because of
requests we received from you.

3) Claymore GPU miners were updated to version 5. If you are mining
on a GPU this will give you a significant increase in hashrate.
50% increase on 6xxx cards with "-a 3" mode
Check BCT talk thread: https://bitcointalksearch.org/topic/claymores-cryptonote-amd-gpu-miner-v113-638915
Download link: https://mega.co.nz/#F!e4JVEAIJ!l1iF4z10fMyJzY5-LnyC2A


If you are not mining with us now, quick connection code: