[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1700.

othe

hero member

Activity: 532

Merit: 500

Quote from: Mumbles on July 03, 2014, 12:39:20 AM

I think this is a pretty reasonable timeline. I might argue for October instead of December (3 months vs 6 months), but the idea is the same. There is a rapidly closing window of opportunity before some other coin wins, perhaps a different CryptoNote derivative that has a much more marketing savy dev team.

Quote from: rpietila on July 02, 2014, 06:52:57 AM

Well if I am not able to use this coin without assistance before Christmas, I will sell it all...

If you quote something you have to quote the whole sentence:

Quote

Well if I am not able to use this coin without assistance before Christmas, I will sell it all and buy doge (if that's still available) what do you think of this shit, man??!?

Funny you think we aren't marketing "savy" without even knowing our backgrounds. What is here to market at the moment? We aren't user friendly right now, it will take some time until the broader mass can use our client without problems.

You simply don't market a half-finished "product" - did u ever see a tv advertisement for a car without seats?

PS: Do you see tv spots from the Bitcoin devs praising everyone to buy bitcoin? I don't Wink

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: JohnD on July 03, 2014, 07:03:36 AM

Does something like a Mining profitablity calculator already exist?

I have some pretty cheap cloud servers mining on monero but i do not know if it is profitable.

Mining is not profitable at all, except you have free GPU & free electriciy. Although you can achieve some profit on growing coins...

But there is more profit if you simply buy & sell growing coin at exchanges - typical margin call 3:1 to 5:1 on few days or weeks.

ambe

newbie

Activity: 2

Merit: 0

When i try to start bitmonerod or wallet im getting this error:

Starting...
bitmonero v0.8.8.1(0.1-g328a52a)
Module folder: bitmonerod
Initializing p2p server...
ERROR c:\temp\monero\git-experimental\bitmonero-0.8.8update-x64\src\p2p\net_node.inl:82 Exception at [node_server::init_config], what=invalid signature
ERROR c:\temp\monero\git-experimental\bitmonero-0.8.8update-x64\src\p2p\net_node.inl:204 Failed to init config.
ERROR ..\..\src\daemon\daemon.cpp:148 Failed to initialize p2p server.
Mining has been stopped, 0 finished

Till today everything worked fine. Im using win8 64bit. The firewall is disabled.
Where is the problem ?

amysun

newbie

Activity: 55

Merit: 0

Quote from: JohnD on July 03, 2014, 07:03:36 AM

Does something like a Mining profitablity calculator already exist?

I have some pretty cheap cloud servers mining on monero but i do not know if it is profitable.

just have a try

JohnD

full member

Activity: 124

Merit: 100

Does something like a Mining profitablity calculator already exist?

I have some pretty cheap cloud servers mining on monero but i do not know if it is profitable.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: Dogeshop_eu on July 03, 2014, 06:53:27 AM

What is I2P anyway?

It is the only way to hide your IP.
As long as the network get your IP when connecting your client, you are not anonymous.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: Dogeshop_eu on July 03, 2014, 06:53:27 AM

What is I2P anyway?

IP obfuscation solution

Dogeshop_eu

member

Activity: 148

Merit: 10

What is I2P anyway?

edubai

member

Activity: 83

Merit: 10

xmr.farm fast and reliable monero pool ! Tongue

hitbtc

sr. member

Activity: 525

Merit: 250

1000 votes have been reached! We are happy to see your active participation in our voting. How about 2000? Wink

Keep supporting Monero: https://hitbtc.com/vote
Do not forget that once you sign in to your Hitbtc account, your votes will be multiplied by 10. Be sure to share these details with your friends!

sang

sr. member

Activity: 282

Merit: 250

Quote from: equipoise on July 03, 2014, 05:51:00 AM

^Are you paying less then 0.22$ per hour for EC2 c3.8xlarge? This is 7.63 times lower then the official price on their site. I never used their services, so I'm "uninitiated".

That's a little bit lower, but yeah pretty close to that price. Your looking at the wrong "official price". :-)

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

^Are you paying less then 0.22$ per hour for EC2 c3.8xlarge? This is 7.63 times lower then the official price on their site. I never used their services, so I'm "uninitiated".

sang

sr. member

Activity: 282

Merit: 250

Quote from: equipoise on July 03, 2014, 04:43:17 AM

Quote from: Rias on July 03, 2014, 03:31:12 AM

or a large number of Amazon EC2 instances, you need to cover the costs. This is a regular business for dumpers, not the investment vehicle.

With a c3.8xlarge Amazon EC2 the Monero price should be more then 25$ for 1 XMR in order to cover the costs:
1.68$ per hour * 24 hours = 40.32$ per day
With 1000 H/s you should get 1.36 XMR per Day
40.32 / 1.36 = 29.65 $ per 1 XMR to just cover the costs.
The people currently selling are mining on already payed GPU rigs with free or cheep electricity, system admins or students with access to large CPU farms (electricity payed from their institution), botnets (you should be very ignorant if you can't find if a botnet is using your PC to mine) or bought earlier on lower prices. They'll continue to sell no meter the price, because it's free money for them. I doubt they are selling all the mined XMR, but they are selling most of it. Home mining on a i7 CPU is still profitable, but you are mining 0.2 XMR per day. By the way 10% of all the XMR are now mined - 90% to go - still high inflation, but it's becoming irreversibly lower each day and with the XMR potential the price won't go much lower. I doubt the price will touch 0.003 again and I'll be very surprised if it touches 0.002. If it goes below 0.0018 (even if all the governments put a ban on XMR before the I2P C implementation is ready) I would never buy any alt again.

Can we stop doing EC2 math with the wrong numbers? Only the uninitiated are paying full price for EC2 instances.

You are correct however that it is not profitable on EC2 and it hasn't been since the price fell below about 0.006 - unless of course your name starts with a C and you have a killer nVidia GPU miner.

mindless

member

Activity: 94

Merit: 10

Hi, Fellow Miners,

We want to make an announcement, that the daemon we use at:
http://pool.cryptoescrow.eu
Is one of the most stable daemons available on the market.

Since the daemon update 5 days ago, our Monero daemon never got stuck.
Other pools are usually restarting the daemon every 30minutes which
results in wasted hashes, because the daemon needs some time to save
the blockchain and to restart.
On average it takes around 90 seconds.

The math is simple:
48 restarts x 90 seconds = 4320 seconds = 72 minutes = 5% of all hashes wasted.

We do not waste these 5% of all the hashes.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: equipoise on July 03, 2014, 05:22:41 AM

^A good, tested and trusted C implementation should be at least 4-8 months away (this is just my approximation). Someone could create a CN clone shitcoin with the java I2P implementation, but it won't last for long before it fails and it'll be quick pump and dump coin. If someone implement it (C, not java) in a month without the testing needed it won't be trusted and I suppose the Monero devs won't merge it soon after.

The C or C++ implementation of I2P is going to be the bomb but I don't expect it next month.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

^A good, tested and trusted C implementation should be at least 4-8 months away (this is just my approximation). Someone could create a CN clone shitcoin with the java I2P implementation, but it won't last for long before it fails and it'll be quick pump and dump coin. If someone implement it (C, not java) in a month without the testing needed it won't be trusted and I suppose the Monero devs won't merge it soon after.

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: equipoise on July 03, 2014, 04:43:17 AM

I doubt the price will touch 0.003 again and I'll be very surprised if it touches 0.002. If it goes below 0.0018 (even if all the governments put a ban on XMR before the I2P C implementation is ready) I would never buy any alt again.

Do you or somebody know a progress with I2P integration into Monero? It was announced more than a month ago, I've not seen devs mentioned on it since that announce...

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: Rias on July 03, 2014, 03:31:12 AM

or a large number of Amazon EC2 instances, you need to cover the costs. This is a regular business for dumpers, not the investment vehicle.

With a c3.8xlarge Amazon EC2 the Monero price should be more then 25$ for 1 XMR in order to cover the costs:
1.68$ per hour * 24 hours = 40.32$ per day
With 1000 H/s you should get 1.36 XMR per Day
40.32 / 1.36 = 29.65 $ per 1 XMR to just cover the costs.
The people currently selling are mining on already payed GPU rigs with free or cheep electricity, system admins or students with access to large CPU farms (electricity payed from their institution), botnets (you should be very ignorant if you can't find if a botnet is using your PC to mine) or bought earlier on lower prices. They'll continue to sell no meter the price, because it's free money for them. I doubt they are selling all the mined XMR, but they are selling most of it. Home mining on a i7 CPU is still profitable, but you are mining 0.2 XMR per day. By the way 10% of all the XMR are now mined - 90% to go - still high inflation, but it's becoming irreversibly lower each day and with the XMR potential the price won't go much lower. I doubt the price will touch 0.003 again and I'll be very surprised if it touches 0.002. If it goes below 0.0018 (even if all the governments put a ban on XMR before the I2P C implementation is ready) I would never buy any alt again.

villabacho

newbie

Activity: 50

Merit: 0

Quote from: florida.haunted on July 03, 2014, 04:03:22 AM

Hi, do somebody know, what's in the wind?

https://bitcointalksearch.org/topic/cryptonote-a-complete-forking-guide-to-create-your-own-cryptonote-currency-673203

Are they real cryptonote creators or that is man-in-the-middle attack? What do they want actually?

As the forking guide is linked on the cryptonote homepage, I would assume it is actually from the cryptonote creators.

Not sure what they want, but it's not necessarily bad for the established CryptoNote coins. Surely there'll be a ton of
shitcoins coming from that, but possibly also some good new ideas, and maybe some of these ideas are easy to integrate
into the "veteran" cryptonote coins given that their devs are pretty familiar with the code.

Means more competition inside Cryptonode world, but also more attention for CryptoNote as a whole.

florida.haunted

full member

Activity: 243

Merit: 125

Hi, do somebody know, what's in the wind?

https://bitcointalksearch.org/topic/cryptonote-a-complete-forking-guide-to-create-your-own-cryptonote-currency-673203

Are they real cryptonote creators or that is man-in-the-middle attack? What do they want actually?

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