xmr.farm fast and reliable monero pool !
Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1703. (Read 4670972 times)
Is it technically possible to side-embed monero to bitcoin?
Yes. Politically possible? Very doubtful. The interesting question is whether it is possible to side-embed with a 2-way peg.
I think it would be enormously beneficial to bitcoin, as fungibility would be resolved. XMR would be sacrificing most of its upside value risk in the process, however.
side embed monero to bitcoin would be the worst idea you can think off.
Bitcoin isnt going to be the main currency in a few years, that you can kind of be sure about...
crypto coins are made to improve upon bitcoin, not piggyback on it.
The price is not a function of the diff. The diff is a function of the price.
There are feedback loops. It is not linear. It can be a linear-ish relationship during certain regimes.
BTW, that word, "function", I do not think it means what you think it means. You probably want something more like "consequence".
Is it technically possible to side-embed monero to bitcoin?
Yes. Politically possible? Very doubtful. The interesting question is whether it is possible to side-embed with a 2-way peg.
I think it would be enormously beneficial to bitcoin, as fungibility would be resolved. XMR would be sacrificing most of its upside value risk in the process, however.
Even if it is never going to happen, the veriest possibility suggests that it should be on the table as a possibility, in the discourse between btc and xmr cores.
gpu mining destroyed the coin value
everyday its lower and lower
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.
Point b simply isn't true refer to the production cost discussed earlier in this or Ristos thread, in fact you were involved with the conversation at the time. For the vast majority of the last say two months XMR has been -ev to mine regarding production costs. I also explained how I know the majority of the network and its not botnets...
Furthermore if more people start pointing their GPU's (again GPU's are v close to cost of running CPU's) at XMR then that again negates the botnet aspect you speak of.
"The price is not a function of the diff. The diff is a function of the price."
That depends really. If a coin has a higher diff you get less per $ when mining thus you have to get more $ per coin to cover your costs.
we want miner without 5,5% fee
Don't forget the pony.
The price is not a function of the diff. The diff is a function of the price.
in general yes but it works both ways. a more difficult coin is a more secure coin. a more secure coin, all other things being equal, is a more valuable coin.
gpu mining destroyed the coin value
everyday its lower and lower
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.
I finished the short FAQ. I am not particularly proud of it but here it is.
Now I will consider the helpline idea.
Now I will consider the helpline idea.
32bit wallet does not work. Stopped on the block 109291.
It will never work again. Forget it and migrate to 64 bit wallet. Instructions see earlier this thread being bold font, posted by me.
32bit wallet does not work. Stopped on the block 109291.
Join pool http://hashinvest.net. I take care of this pool all the time.
Stable pool with instant online support.
This is the case on #monero. We may consider a web-to-irc bridge once the new website comes out (maybe to a specific #monero-help chan with strict policies about no casual chatting, short questions... Just a thought.
A regular FAQ is also considered.
A regular FAQ is also considered.
An acid test would be to set up a help method that is usable by me and my friends. We are representatives of a very big market segment of people in 30s-40s-50s, lots of dough, short attention span, and if not totally inept in technology, at least highly conservative in installing new stuff etc.
#monero does not qualify. Facebook/skype chat does. Email sucks. I am with you if arranging a help line incurs costs. My type of people also do not generally care if help is not free. What we do care is to find help when we need it and that the solution actually works.
I appreciate what you are saying about support, my day job involves providing IT support to high value professionals (amongst other things) and it is a completely different service to the mass-market who will put up with lower quality free support. For reference that UK based adhoc HVP support costs £1.50 (bit over $2) per minute, although that includes a significant business overhead it does mean all the boring legal stuff etc is covered.
Out of interest have you tried #monero through one of the web-IRC gateways on most of the mining pools? I'm just wondering whether it is accessing IRC which is the problem, or the text based interface.
ehi guys,
like this?
like this?
New Monero Pool for CPU/GPU
EU server super stable, vardiff, fast retarget, 0.4% fee and No transfer fee
Start mining Now!!!!!!
happy mining with Simpleminer & Cryptonoteminer
mining configuration ex:
Code:
minerd -a cryptonight -o stratum+tcp://xmr.darktech.org:3333 -u address -p x
New Features in next days!
we want miner without 5,5% fee
Claymore damping coin every day
What's the performance of it's closed source miner vs. open source one? I think we speak about AMD miners. But also, what about Nvidia open source miner, ccminer? It delivers me 200-210 H/s only upon nVidia 750 ti
Claymore damping coin every day
Claymore is an issue yes but even if half the coins being mined are being done so with his miner (which I doubt) its still only 560ish coins a day or 2 BTC ish. Hardly market moving. This is just noobs selling and whales accumulating.
Claymore damping coin every day
An acid test would be to set up a help method that is usable by me and my friends. We are representatives of a very big market segment of people in 30s-40s-50s, lots of dough, short attention span, and if not totally inept in technology, at least highly conservative in installing new stuff etc.
#monero does not qualify. Facebook/skype chat does. Email sucks. I am with you if arranging a help line incurs costs. My type of people also do not generally care if help is not free. What we do care is to find help when we need it and that the solution actually works.
#monero does not qualify. Facebook/skype chat does. Email sucks. I am with you if arranging a help line incurs costs. My type of people also do not generally care if help is not free. What we do care is to find help when we need it and that the solution actually works.
David, I think its imperative that some better help channels are set up, I personally believed that it was all quite straight forward and well documented although I will admit I haven't read through the documentation myself.
It is a surprise to me that people are struggling in this way. There are plenty of people who would work on a helpline, myself included, that aren't part of the core dev team but can certainly handle the majority of questions. Particularly if its an extension of the help we already provide on IRC. I don't believe it would be particularly difficult to set up some sort of help methods and more so if Risto is offering to be a test of whatever methods the dev team find appropriate.
I'm finishing a quick FAQ and will think about just after that. It is a surprise to me that people are struggling in this way. There are plenty of people who would work on a helpline, myself included, that aren't part of the core dev team but can certainly handle the majority of questions. Particularly if its an extension of the help we already provide on IRC. I don't believe it would be particularly difficult to set up some sort of help methods and more so if Risto is offering to be a test of whatever methods the dev team find appropriate.
David, I think its imperative that some better help channels are set up, I personally believed that it was all quite straight forward and well documented although I will admit I haven't read through the documentation myself.
It is a surprise to me that people are struggling in this way. There are plenty of people who would work on a helpline, myself included, that aren't part of the core dev team but can certainly handle the majority of questions. Particularly if its an extension of the help we already provide on IRC. I don't believe it would be particularly difficult to set up some sort of help methods and more so if Risto is offering to be a test of whatever methods the dev team find appropriate.
It is a surprise to me that people are struggling in this way. There are plenty of people who would work on a helpline, myself included, that aren't part of the core dev team but can certainly handle the majority of questions. Particularly if its an extension of the help we already provide on IRC. I don't believe it would be particularly difficult to set up some sort of help methods and more so if Risto is offering to be a test of whatever methods the dev team find appropriate.
Jump to: