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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1779. (Read 4670972 times)

legendary
Activity: 1428
Merit: 1001
getmonero.org
So Rias if i understand correctly that means that not even botnets care about bytecoin because with the 80% premine there is nothing but constant dumping? You tend to forget also all the gpus starting mining now that darkcoin is dropping...More and more people starting learning about the coin... And yes some serious investors that could never invest 80k for a 80% premined coin...

Also Hexah i thought that bytecoin devs are anonymous. Meanwhile at least 4 of the main devs of monero arent as far as i know. This has been answered again many many pages before...

And finally, better in the wrong direction than 0 direction at all. Let us (community) choose which is the right direction. For now it seems the wrong direction was the 80% premine of BCN and the 0 community and updates for the alleged two years of existence...

Why dont you go back and circlejerk on your BCN thread and "wow omg such great website and forum" ?
hero member
Activity: 687
Merit: 500
novag
hero member
Activity: 565
Merit: 500
Two pages of troll posts. They should be scared.

Usual monero-tactics for "do xmr devs really develop smth?" topics: just change the subject to "troll FUD" and ignore all the arguments

Let them log on and they will quote your questions imo
hero member
Activity: 666
Merit: 500
legendary
Activity: 1148
Merit: 1000
the XMR progress is great, looks promising for the short time - will enter to Mintpal at monday and now its a great enter point. will cross the 1 milion satoshi.
hero member
Activity: 616
Merit: 500
Hey,

would it be possible to implement a "Zero Transactions" function for the pools?

So one can reset the "Total Paid"? I like to keep tabs about my daily mining efforts and such.
sr. member
Activity: 728
Merit: 265
Two pages of troll posts. They should be scared.

Usual monero-tactics for "do xmr devs really develop smth?" topics: just change the subject to "troll FUD" and ignore all the arguments
hero member
Activity: 565
Merit: 500
Rias all your posts are in the BCN thread .

Why would someone believe you are not one of the people behind the 80% instamine before the public release of Bytecoin.

Please man if your going to FUD like this do it professionally at least  Kiss

Theres better ways to lead people into Bytecoin and dump in there faces

I'm not fudding, I'm raising concerns. Grounded concerns, if you don't mind.
And XMR developers should better take it very seriously.

I really like it how people not knowing a damn about the technology judge whether my arguments are correct or not. Ok, XMR sock puppets have arrived, I'm going home.

No need to keep spamming the thread, they will answer soon enough I guess
sr. member
Activity: 373
Merit: 250
Rias all your posts are in the BCN thread .

Why would someone believe you are not one of the people behind the 80% instamine before the public release of Bytecoin.

Please man if your going to FUD like this do it professionally at least  Kiss

Theres better ways to lead people into Bytecoin and dump in there faces

I'm not fudding, I'm raising concerns. Grounded concerns, if you don't mind.
And XMR developers should better take it very seriously.

I really like it how people not knowing a damn about the technology judge whether my arguments are correct or not. Ok, XMR sock puppets have arrived, I'm going home.
hero member
Activity: 565
Merit: 500
Two pages of troll posts. They should be scared.

Well you know what they say when fudders and trolls join a coins ann thread  Grin

Good luck to BCN but no thanks I prefer XMR Smiley
hero member
Activity: 794
Merit: 1000
Monero (XMR) - secure, private, untraceable
Two pages of troll posts. They should be scared.
hero member
Activity: 565
Merit: 500
Rias all your posts are in the BCN thread .

Why would someone believe you are not one of the people behind the 80% instamine before the public release of Bytecoin.

Please man if your going to FUD like this do it professionally at least  Kiss

Theres better ways to lead people into Bytecoin and dump in there faces

sr. member
Activity: 728
Merit: 265


Let's do the math.

Top EC2 instance has around 700 hash/sec. One added instance is likely to have 42,000 difficulty increase.
To get 100,000,000 difficulty increase you'd have to add 2,380 of top EC2 instance. Each of the instances costs more than $1000 per month ($33 per day) and requires some work to increase the limits on your account and prepare the servers for mining.

Not only I don't believe someone invest $80,000 a day to mine XMR, it's very unlikely that it could happen in 2 days.


Let me break this down for you:

1) Top EC2 instance has around 700 hash/sec. -- Wrong
2) Each of the instances costs more than $1000 per month ($33 per day) -- Wrong
3) It's very unlikely that it could happen in 2 days. -- Wrong

Your math may be right, but your inputs are all wrong. Botnets can't come anywhere near EC2.

Would you be so kind to provide the proof? I've been mining on c3.8xlarge myself. What's your inputs than?


you contradict yourself:
i dont like botnets and think they are criminal. but i dont really see an issue from a crypto-currency-user perspective

edit: botnets dont havy any influence about how many new coins where generated per day. just how much other miners get

Exactly and in my opinion it is way worse than coins in the hands of the devs. Which is not the case for BCN with several hundreds of early miners identified.

This can be crucial for the exchanges and pools. What if a user withdraws the money and it got stuck and reversed after 24 hours?

If you are right, I assume the service gets the transaction back without any notification about that. Suddenly, there is simply money on the wallet with no other information on the transfer. So the service will have to manually recalculate all the incoming and outgoing transactions to test, who is the transaction owner. The larger your service, the more useless work you should be doing on the daily bases.

That's not too friendly towards the businesses working with Monero for sure.

Exactly. Monero developers are clearly not qualified enough for this yet. Monero is moving in a completely wrong direction. i2p integration, for instance, is nonsense.


I remember some guy in twitter was not satisfied with Monero developers either. Well, not some regular guy but some big Bitcoin programmer / enthusiast can’t remember his name.
UPD: found him https://twitter.com/lopp/status/472359052736204800
sr. member
Activity: 266
Merit: 250

This can be crucial for the exchanges and pools. What if a user withdraws the money and it got stuck and reversed after 24 hours?

If you are right, I assume the service gets the transaction back without any notification about that. Suddenly, there is simply money on the wallet with no other information on the transfer. So the service will have to manually recalculate all the incoming and outgoing transactions to test, who is the transaction owner. The larger your service, the more useless work you should be doing on the daily bases.

That's not too friendly towards the businesses working with Monero for sure.

and whats the differnce with ANY other crypto?
you'll send a transaction and check if the network accepts it...

if not you rebroadcast or doublespent it with a higher fee (the last one only works with btc and eligius - afaik)

It's a different approach. The service should be notified when the transaction is reversed, otherwise it breaks whole user experience. The money were withdrawn, never appeared in the user's wallet and are not identified by the service and couldn't be credited back to the account.

ok... just write a script that checks if a transaction has gone through and execute it regulary?
btw: do you know that a reverse can be reversed to? if the client did already notify the service it would have been resent...

orphan blocks can be the realchain again: they just need a miner who builds on them (and this can happen very fast)
sr. member
Activity: 373
Merit: 250
Let me break this down for you:

1) Top EC2 instance has around 700 hash/sec. -- Wrong
2) Each of the instances costs more than $1000 per month ($33 per day) -- Wrong
3) It's very unlikely that it could happen in 2 days. -- Wrong

Your math may be right, but your inputs are all wrong. Botnets can't come anywhere near EC2.

Let's check.

http://aws.amazon.com/ec2/pricing/

c3.8xlarge is $1.680 per Hour, which is $40 per day. Sorry, I was all wrong, it's even worse than I was writing.

Quote
3) It's very unlikely that it could happen in 2 days. -- Wrong

It would be a nightmare to get the limit and set up 2,800 servers. Is there a shortcut?
sr. member
Activity: 373
Merit: 250

This can be crucial for the exchanges and pools. What if a user withdraws the money and it got stuck and reversed after 24 hours?

If you are right, I assume the service gets the transaction back without any notification about that. Suddenly, there is simply money on the wallet with no other information on the transfer. So the service will have to manually recalculate all the incoming and outgoing transactions to test, who is the transaction owner. The larger your service, the more useless work you should be doing on the daily bases.

That's not too friendly towards the businesses working with Monero for sure.

and whats the differnce with ANY other crypto?
you'll send a transaction and check if the network accepts it...

if not you rebroadcast or doublespent it with a higher fee (the last one only works with btc and eligius - afaik)

It's a different approach. The service should be notified when the transaction is reversed, otherwise it breaks whole user experience. The money were withdrawn, never appeared in the user's wallet and are not identified by the service and couldn't be credited back to the account.
sr. member
Activity: 373
Merit: 250


Let's do the math.

Top EC2 instance has around 700 hash/sec. One added instance is likely to have 42,000 difficulty increase.
To get 100,000,000 difficulty increase you'd have to add 2,380 of top EC2 instance. Each of the instances costs more than $1000 per month ($33 per day) and requires some work to increase the limits on your account and prepare the servers for mining.

Not only I don't believe someone invest $80,000 a day to mine XMR, it's very unlikely that it could happen in 2 days.


Let me break this down for you:

1) Top EC2 instance has around 700 hash/sec. -- Wrong
2) Each of the instances costs more than $1000 per month ($33 per day) -- Wrong
3) It's very unlikely that it could happen in 2 days. -- Wrong

Your math may be right, but your inputs are all wrong. Botnets can't come anywhere near EC2.

Would you be so kind to provide the proof? I've been mining on c3.8xlarge myself. What's your inputs than?


you contradict yourself:
i dont like botnets and think they are criminal. but i dont really see an issue from a crypto-currency-user perspective

edit: botnets dont havy any influence about how many new coins where generated per day. just how much other miners get

Exactly and in my opinion it is way worse than coins in the hands of the devs. Which is not the case for BCN with several hundreds of early miners identified.

This can be crucial for the exchanges and pools. What if a user withdraws the money and it got stuck and reversed after 24 hours?

If you are right, I assume the service gets the transaction back without any notification about that. Suddenly, there is simply money on the wallet with no other information on the transfer. So the service will have to manually recalculate all the incoming and outgoing transactions to test, who is the transaction owner. The larger your service, the more useless work you should be doing on the daily bases.

That's not too friendly towards the businesses working with Monero for sure.

Exactly. Monero developers are clearly not qualified enough for this yet. Monero is moving in a completely wrong direction. i2p integration, for instance, is nonsense.
sr. member
Activity: 692
Merit: 254
terra-credit.com


Let's do the math.

Top EC2 instance has around 700 hash/sec. One added instance is likely to have 42,000 difficulty increase.
To get 100,000,000 difficulty increase you'd have to add 2,380 of top EC2 instance. Each of the instances costs more than $1000 per month ($33 per day) and requires some work to increase the limits on your account and prepare the servers for mining.

Not only I don't believe someone invest $80,000 a day to mine XMR, it's very unlikely that it could happen in 2 days.


Let me break this down for you:

1) Top EC2 instance has around 700 hash/sec. -- Wrong
2) Each of the instances costs more than $1000 per month ($33 per day) -- Wrong
3) It's very unlikely that it could happen in 2 days. -- Wrong

Your math may be right, but your inputs are all wrong. Botnets can't come anywhere near EC2.

Could you please provide a real numbers? Don't take it as an offense, I'm just curious.  Smiley
sr. member
Activity: 266
Merit: 250

This can be crucial for the exchanges and pools. What if a user withdraws the money and it got stuck and reversed after 24 hours?

If you are right, I assume the service gets the transaction back without any notification about that. Suddenly, there is simply money on the wallet with no other information on the transfer. So the service will have to manually recalculate all the incoming and outgoing transactions to test, who is the transaction owner. The larger your service, the more useless work you should be doing on the daily bases.

That's not too friendly towards the businesses working with Monero for sure.

and whats the differnce with ANY other crypto?
you'll send a transaction and check if the network accepts it...

if not you rebroadcast or doublespent it with a higher fee (the last one only works with btc and eligius - afaik)
sr. member
Activity: 282
Merit: 250


Let's do the math.

Top EC2 instance has around 700 hash/sec. One added instance is likely to have 42,000 difficulty increase.
To get 100,000,000 difficulty increase you'd have to add 2,380 of top EC2 instance. Each of the instances costs more than $1000 per month ($33 per day) and requires some work to increase the limits on your account and prepare the servers for mining.

Not only I don't believe someone invest $80,000 a day to mine XMR, it's very unlikely that it could happen in 2 days.


Let me break this down for you:

1) Top EC2 instance has around 700 hash/sec. -- Wrong
2) Each of the instances costs more than $1000 per month ($33 per day) -- Wrong
3) It's very unlikely that it could happen in 2 days. -- Wrong

Your math may be right, but your inputs are all wrong. Botnets can't come anywhere near EC2.
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