Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1678. (Read 4670972 times)

I can't understand how is it even possible this thing to sync so long and to use my whole internet connection which is 100mbps.   It shows 12.5MBps Receive and 5 MBps Send.   Everything that works depending on the internet connection fails.   No Browsing,  No Mining, No Connection between any device.  No Smart TV, no Smartphones , no HBO - no nothing. And my router is pretty awesome - if it was other - it would have fried by now in this temperatures.   How is it possible to use the whole 100mbps for several hours?  This has to be about 100 or 200 Gigabytes. And the last blockchain istn't working. Only the blockchain from 20 June syncs.   W...T... F..., dev???

I have been involved in this coin for a while. there r two things bothering me.
The first is that  blockchain keep growing at  a fast pace than I expected. I understand this is uniquely caused by cn protocol. I am just wondering any hero devs has ever tried to think about a solution for this issues.
The second is about mining. botnet problem is happening right now, I guess, since the profit of mining this coin is obvious. r u worry this issue will become worse when the coin become more popular, even the possibility of 51 attack may be a true threat.

Not 100% sure but, but should work in recent versions :

It will ask you a new wallet file name/password.

It is also possible to add --wallet (wallet file name) and --password arguments in the same command line.

help me!
I want to recover my wallet from 24 word seed
Can explan for me command in Cmd
Thank!

It reaches a new low after every pump.

Naturally but http://en.wikipedia.org/wiki/Network_effect

This is the only reason any crypto has value. Without the network effect open source crypto currencies would be non scarce and things that are non scarce have a price of 0, but because of the network effect bitcoin clone != bitcoin original.

And new coin will be launched.

It has more merit than almost any of the cryptos ahead of it (except maybe nxt and bitcoin). Unfortunately though with out some flashy advertising campaign or some such this will only, at best, translate into slow and steady growth over time. Well see though. If andreas antonopoulos or someone big like that drops the M bomb infront of the right people it certainly could happen.

No, but I wish it was.

The seed phrase suffices to recover a wallet.  Remember to delete simplewallet.log once you have recorded it.

Cant say I personally tried it myself so I'm not sure either.

I dunno about that, I think you'd still need to know your wallet pw after you recreate it to unlock it, not 100% sure tho...

sure just use that mnemonic passphrase that you wrote down when you first created your wallet.

Does anyone know - is it possible to recover wallet info if I lost my wallet password? wallet.[bin+keys+txt] files is present.

Just put a time box around the traversal, and suddenly it becomes pretty cheap.

anybody else have a feeling monero is about to explode?

Bear in mind the reason that payment IDs were introduced in the first place - exchanges found it impractical to use their previous Bitcoin based practice of generating unique wallet addresses for each user. This is because you cannot derive the balance of each wallet by simply scanning the blockchain for txes using that wallet address, with Monero the wallet has to attempt to decrypt every tx on the blockchain to see if it "belongs" to that wallet, which requires exponentially more processing power.

It is not impractical for a user to generate as many wallet addresses as they wish, especially if they are "disposable" for short term use so they can be forgotten and not kept updated. I don't currently know how much processing power is required to keep an XMR wallet in sync with the blockchain so I can't hazard a guess at whether the "average" user PC could maintain unique wallets to the order of 10/100/1000 - if you were asking me to pull a figure out of thin air I would estimate it to be in the low hundreds at most. You can see how that presents a scaling problem for exchanges/merchants, as simply maintaining wallets for users would incur an extra cost for the computing resources required to maintain them.

On a slightly related note, the "exchange XMR wallet" is indicative to me of how fundamentally different Cryptonote coins are to Bitcoin derivatives; exchanges have always said "dont mine to your exchange coin address" and yet many people seem to do so anyway. Then they decide to start mining XMR because its profitability is rather attractive and they see instructions like "don't mine to your exchange address as you will lose all your coins - you must create your own wallet", but decide that's just another silly warning they can ignore like they did before. I dont think that's because its too complicated to setup the daemon and wallet, its on a par with setting up a new miner for a new coin, its just that a lot of people will do the minimum amount of reading/research they think necessary to get where they want.

I dont think we have to worry about it being too costly because unless we fix problems like this at some point than the coin its self will not have very much value to begin with.

And you know. You could always make a new address, send the funds there, and then send the receiver the private key. EZPZ problem solved.

better yet, why cant the service providers just make a unique address for each transaction. even easier.

Yup. Rolling PIDs are non-solutions anyway because an anonymous currency can't rely on third parties to maintain the privacy of the network.

My fear is that adoption and dependence of PIDs will grow too quickly before more robust wallet addressing ever gets implemented. At that point removing the Payment ID "feature" may be too costly.

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