Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 170. (Read 4671114 times)

I am mining either way -- just that I have all my CPUs on Monero at the moment... so far have mined 50 XMR since starting on it but I've sold 44 along the way.

I have ~80 kH of CPU power on tap so it's not exactly small... nor is it super large, I suppose. Currently it still makes profit to mine XMR on them... but, as you said, much less than before.

I keep my GPUs on other stuff (also still making profit).

… but what I was wondering is if I should stay on Monero in hopes it will rise again in price or go to another coin... such as ITNS (which I mined for quite a while and HODL quite a few coins).

Make sure you use the releases available on the official GitHub Source for MoneroV. I downloaded the whole blockchain.raw and imported it (that too from the official source) when I first used my local node. Now using remote node, quite easy and I got free space on my notebook to store other things.

Honestly, I used to think that Bitcoin is an anonymous cryptocurrency, but I was wrong. Anonymous cryptocurrency is Monero ))

No he also does "special" deliveries

 

When can we expect the final Monero App for Ledger Nano s to be released? What still needs to happen before it is easily accessible to all?

"How Monero’s accounts and subaddresses work"

I think when you order pizza delivery guy will at least suspect who you are if not know who you are. But what is important is that he will not know how much money you have and where it come from and what else are you buying.

Imagine this pizza guy check your bitcoin address with which you paid pizza and see that you are also buying pizza from competition and he also see that you tip delivery guy from competition way better then him.   Man I would not want to be in your spot. This guy is delivering you food. You cant make him your enemy.

Monero:
1) has Cryptonote algorithm to get most of privacy; it is widely described in peer-reviewed mathematical journals and is well known for scientific society for ~20 years; it is highly unlikely that Cryptonote algorithm contains unknown vulnerabilities.
2) has total 'privacy by default' paradigm in end-user business-logic: an end-user must do EXTRA steps to DECREASE his privacy, otherwise his privacy stay at maximum possible level forever; for example, some exchanges require view-key to monitor deposits, this view-key must be apparently set by end-user as extra parameter of a transaction.
3) Privacy of Cryptonote may decrease if there are too few recent transactions on the blockchain, and in few other conditions that are WELL KNOWN and STUDIED; Cryptonote has no kind of 'Initialization trust' that has ZCash (see below).

ZCash:
1) has Zk-snark algorithm to get most of privacy; it is very promising but it is NOT known for scientific society for a long time (just 2-3 years against 20 years for Cryptonote); there is quite significant chance that Zk-snark has unknown vulnerabilities.
2) has NO 'privacy by default' paradigm: furthermore, ZCash transactions are PUBLIC by default; end-user MUST do extra steps to INCREASE his privacy. That steps include not only extra parameters to be applied to a transaction: end-user must pay attention that he DOES NOT transfer money between public-typed addresses and private-typed addresses, otherwise, his anonymity may be lost very easily. This drawback of ZCash was widely discussed on the net recently.
3) MOST TERRIBLE. ZCash as well as other coins that utilize Zk-snark MUST rely on so called 'Initialization trust'. The 'Initialization trust' is a set of secret parameters that should be generated once for the whole blockchain. The devs of ZCash PROMISE YOU they have wiped and fired off that initial secret parameters. DO YOU TRUST IN ZCASH DEVS?! Welcome to the 'Initialization trust'!

P.S. Oh just forgetting... one little property that has ONLY Monero (of course, we don't consider its various shit-forks):
FUNGIBILITY. This is a property that even fiat money don't have, because each fiat money note has unique serial number: you can mark, trace and distinguish one fiat money note from other one.

Monero's math from the other hand does guarantee that XMR coins have no serial numbers and can't be distinguished from each other. RingCT hides transaction amounts further on the blockchain. So there is no way to trace even XMR coin entities between (already) anonymous addresses. Monero blockchain is the only TOTALLY encrypted.

Final cherry pick we wait this fall is Kovri - a pure C++ i2p implementation that will place all the communication between world-wide Monero nodes into highly secure and anonymous network called i2p (it is much more secure than Tor network - see Wikipedia).

Monero average block time is 2min. Binance requires 3 confirmations for example, so average waiting time ~ 2*3 = 6min. Official CLI/GUI wallet may wait more (not sure, guess 6 confirmations and ~ 2*6 = 12min).

I wanted to plug the XMR mining pool we just kicked off using the "predictable solo mining" payout scheme as pioneered by Ethpool.org for Ethereum:

https://cryptonote.social/xmr

It's an interesting payout scheme that awards the round leader the entire block rewards, though at a far more predictable time interval than if you were to solo mine on your own. If you have the hashpower and time to stick it out, it's a bit like participating in a race against the other miners Smiley We think it will be pretty fun for the Monero mining community.

What are the technical differences between Monero and Zcash and how does this affect privacy?

polo > goldman > evil reptilian bankers?     lol

Thats where they locked up my polo account!

How long is the average verification time for Monero transactions and can this be reduced?

dronepizzazzz? weeeee

Is the monero default client stores unspents? can I withdraw all Unspents for a specific address or should I implement my own database with this Unspents?

When we have Monero with a proper GUI, with quick sync and hardware wallet support out of the box it’s much easier

What is the need to ensure privacy of your transaction to buy pizza? Are you on a spouse monitored diet?  

I just want to be able to pay my pizza delivery guy in xmr. he can know where I live but not know who I am, right? is that too much to ask of earth?

If this is frustrating me, the noobs will just throw monero in the garbage and use dex like others said