[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1701.

Anon136

legendary

Activity: 1722

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Quote from: Rias on July 02, 2014, 05:30:27 PM

Quote from: Anon136 on July 02, 2014, 02:38:45 PM

Quote from: uvt9 on July 02, 2014, 01:52:27 PM

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

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

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

This is a very good argument. I suspect you are right. This is going to be THE coin for botnet operators and botnet operators are absolutely going to dump on the market right away.

However with that said, with each new block, the rate of inflation is less than the last. If you have 10 coins in circulation and you add 10 more its 100% inflation, when you add 10 more its 50% 10 more its 33% ect... So it is a problem that will correct its self with time.

Very interesting food for thought though. Thanks for the comment.

Patel

legendary

Activity: 1321

Merit: 1007

When does Monero drop all instances of Bitmonero?

Its been few months now since the change.

darkota

hero member

Activity: 770

Merit: 500

Quote from: btell on July 02, 2014, 05:53:42 PM

Quote from: Rias on July 02, 2014, 05:30:27 PM

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

Bytecoin is up again?! With just 6 (six) buy orders on poloniex? LOL))

When the price of Monero drops down due to short-term selling by botnet owners you mentioned, who are buying this cheap monero? A small group of traders-enthusiasts. When ask offer for Monero will rise, who will sell it? A small group of enthusiasts. They will sell expensive, sure! ))

The only thing that does matter - number of adopters in mid-to-long term future. The only danger to this growing - see my discussion on the thread:

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

Lmfao, 6 buy orders. That's a new record high for BCN.

btell

member

Activity: 119

Merit: 10

Quote from: Rias on July 02, 2014, 05:30:27 PM

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

Bytecoin is up again?! With just 6 (six) buy orders on poloniex? LOL))

When the price of Monero drops down due to short-term selling by botnet owners you mentioned, who are buying this cheap monero? A small group of traders-enthusiasts. When ask offer for Monero will rise, who will sell it? A small group of enthusiasts. They will sell expensive, sure! ))

The only thing that does matter - number of adopters in mid-to-long term future. The only danger to this growing - see my discussion on the thread:

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

Rias

sr. member

Activity: 373

Merit: 250

Quote from: Anon136 on July 02, 2014, 02:38:45 PM

Quote from: uvt9 on July 02, 2014, 01:52:27 PM

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

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

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

btell

member

Activity: 119

Merit: 10

Guys, who are interested in latest intriguing Cryptonote technology creators' declaration, follow my question on the thread:

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

(WTF ulterior motives manage you, creators of cryptonote technology?)

Xmining

member

Activity: 84

Merit: 10

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blaaaaacksuit

sr. member

Activity: 280

Merit: 250

Who cares?

Quote from: aminorex on July 02, 2014, 03:16:18 PM

Quote from: dga on July 02, 2014, 12:56:46 PM

perhaps you could try to shed a little light on why you believe this to be the case instead of simply restating your claim.

are you kidding? that would be work.

The layout is much better than most, graphs are some of the best I've seen on any alt exchange, tech support always lurking in the trollbox so you can consistently have issues resolved in minutes, they don't add every single shitcoin that pops up here, they've upgraded their servers so trading is much faster and on and on. I'd say adding XMR first was one of the smartest things they could have done for themselves in the long run.

rangedriver

hero member

Activity: 714

Merit: 504

Quote from: aminorex on July 02, 2014, 03:14:37 PM

Quote from: uvt9 on July 02, 2014, 01:52:27 PM

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

poloniex has the XMR volume.

In general I consider it a vastly superior venue for trading. MP is primitive.

I've got a new found love for Poloniex since they managed to refund everyone's lost BTC. I just wish they would change from that god awful font they use.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: dga on July 02, 2014, 12:56:46 PM

perhaps you could try to shed a little light on why you believe this to be the case instead of simply restating your claim.

are you kidding? that would be work.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: uvt9 on July 02, 2014, 01:52:27 PM

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

poloniex has the XMR volume.

In general I consider it a vastly superior venue for trading. MP is primitive.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: Anon136 on July 02, 2014, 02:38:45 PM

Quote from: uvt9 on July 02, 2014, 01:52:27 PM

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

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

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

you only need to look at the volume to see which one is bigger - byte is born dead, which is also little sad for the case that they truly implemented cryptonote in the beginning of 2012 - I doubt that.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: uvt9 on July 02, 2014, 01:52:27 PM

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

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

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

Limpuls

member

Activity: 98

Merit: 10

Quote from: GreekBitcoin on July 02, 2014, 01:09:39 PM

Quote from: Limpuls on July 02, 2014, 01:06:25 PM

Hey how to send XMR from wallet to poloniex balance? Because I want to sold them. I'm writting transfer 0 (my address) amount of xmr and payment id which I got from poloniex web. Simple wallet showing that I sent them but in poloniex I have nothing for already 30min. What I'm doing wrong?

check for your tx on http://monerochain.info/ . If it is there you have to contact to Poloniex.

Also i think Poloniex needs 18 confirmations. Which means thats around 18 minutes...

Maybe could this happen because I tried to send 0.01 XMR for a test. Maybe is not enough for trading?

Dogeshop_eu

member

Activity: 148

Merit: 10

I like this coin, What the next devs step they are working on?

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

Quote from: uvt9 on July 02, 2014, 01:52:27 PM

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

Poloniex still has more volume for XMR...

dga

hero member

Activity: 737

Merit: 511

Quote from: statdude on July 02, 2014, 01:43:07 PM

Quote from: dga on July 02, 2014, 11:13:25 AM

Quote from: dreamspark on July 02, 2014, 05:15:54 AM

Quote from: soulistyce on July 02, 2014, 04:59:55 AM

gpu mining destroyed the coin value
everyday its lower and lower

Just look at the net hash and difficulty, both are still climbing, this is like the coiled spring you see after any crypto has a big run up. Wont take much for the price to rocket and sellers at this price to be caught with their pants down.

Not really.

(a) If you believe the IRC chatter, the botnets are catching on.

(b) The cryptonotes in general, and XMR/BBR in particular, have been unreasonably profitable to mine, and this can't last.

"Unreasonably" meaning that they've been more than a factor of two or three more profitable than other coins, while having a smaller marketshare than other GPU-based coins. This means it's simply a matter of time before more miners re-point their rigs to XMR/BBR, and the diff will go up. What's been preventing them has been the technical difficulties of running CryptoNote for people used to bitcoin-clones, and the "first mover" advantage of people hopping on to these coins at the beginning.

The price is not a function of the diff. The diff is a function of the price.

How can you measure how profitable it is to mine with GPU?
I didn't see it on any profitability sites.

(Hashrate * 86400 / difficulty) * block reward * exchange rate

You can grab the diff and reward from any of the pool websites, as an easy way:

http://mro.extremepool.org/

Diff = 835011296
reward ~= 15.8

So a 250 h/s 750ti will produce about 0.4 XMR per day using tsiv's ccminer fork. That's about .0014 BTC/day, or $0.92. I haven't kept up on Claymore's speeds.

Not a great return for a nice GPU, but a really great return for a CPU (an i7-4770 gets a little more than that).

uvt9

sr. member

Activity: 300

Merit: 250

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

0x6A

full member

Activity: 184

Merit: 100

Updated last binaries, blockchain, SYNCHORIZED OK, but can't send transaction. Wallet says everything is OK but actually there is no transaction wrote to blockchain. Am I the only one who have this problem? How can I solve it? I have been waiting for hours and retried(and waiting again) with no result. Thank you and sorry for my English Roll Eyes

P.S.: also tried different sums(5-80 XMR) but useless=(

Code:

transfer 0 47sghzufGhJJDQEbScMCwVBimTuq6L5JiRixD8VeGbpjCTA12noXmi4ZyBZLc99e66NtnKff34fHsGRoyZk3ES1s1V4QVcB 80 5e93f22a6a468b2398fdbc03c19570ae17e28412e32d94a6c6d95bdbd1952f3c

MCMK

full member

Activity: 188

Merit: 100

Quote from: matrixsu on July 02, 2014, 08:30:00 AM

we want miner without 5,5% fee

This would help a lot.

+1

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1701. (Read 4670614 times)