[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1780.

Cheesus

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terra-credit.com

Quote from: Rias on June 20, 2014, 05:36:52 AM

Quote from: eizh on June 20, 2014, 05:29:41 AM

Checking the y-axis on graphs is hard for some people.

EC2 instances moving in and out move the hashrate much more than the quoted 'spike'.

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.

Quote

I'm really glad "they are doing the best they can", but I think botnets have a significant part in moneros hashrate. And THAT'S NOT GOOD AT ALL.
We can’t let viruses and trojans control the currency.

Yeah yeah, doing the best they can instamining the coin with silently updated hash function and FUDing other topics. lol.

Come on, give Monero guys some credit. They are maintaining the biggest CryptoNote community there is and doing it pretty well.

Rias

sr. member

Activity: 373

Merit: 250

Quote from: eizh on June 20, 2014, 05:29:41 AM

Checking the y-axis on graphs is hard for some people.

EC2 instances moving in and out move the hashrate much more than the quoted 'spike'.

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.

Quote

I'm really glad "they are doing the best they can", but I think botnets have a significant part in moneros hashrate. And THAT'S NOT GOOD AT ALL.
We can’t let viruses and trojans control the currency.

Yeah yeah, doing the best they can instamining the coin with silently updated hash function and FUDing other topics. lol.

Hexah

sr. member

Activity: 728

Merit: 265

Quote from: Cheesus on June 20, 2014, 05:31:37 AM

Quote from: flower1024 on June 20, 2014, 05:28:43 AM

Quote from: Rias on June 20, 2014, 05:23:21 AM

I wouldn't be too surprised, since Monero is easy and most profitable target for botnet owners. I just wonder how much hash rate can be attributed to botnets currently. Hopefully, not that much. But the difficulty growth happens very fast with a long plato afterwards, which might point to new botnets jumping in.

CPU mined coins are subject to botnets by definition. However, this is not what you want for the coin you're mining or investing in. Large botnet share means that the majority of the coins is obtained by the scammers and is likely to be dumped. This can't be good for the long term development because the coins are spread not among the devs or users, but are obtained by botnet holders.

How much is the case for Monero? I really believe that not all of the spikes are due to botnets, but at least some of them could be.

As far as I know this is not a first botnet in Monero history. Heard something about it not so long before june. Well, certainly it’s not a Monero developers fault - they are doing the best they can.

I'm really glad "they are doing the best they can", but I think botnets have a significant part in moneros hashrate. And THAT'S NOT GOOD AT ALL.
We can’t let viruses and trojans control the currency.

Cheesus

sr. member

Activity: 692

Merit: 254

terra-credit.com

Quote from: flower1024 on June 20, 2014, 05:28:43 AM

Quote from: Rias on June 20, 2014, 05:23:21 AM

I wouldn't be too surprised, since Monero is easy and most profitable target for botnet owners. I just wonder how much hash rate can be attributed to botnets currently. Hopefully, not that much. But the difficulty growth happens very fast with a long plato afterwards, which might point to new botnets jumping in.

CPU mined coins are subject to botnets by definition. However, this is not what you want for the coin you're mining or investing in. Large botnet share means that the majority of the coins is obtained by the scammers and is likely to be dumped. This can't be good for the long term development because the coins are spread not among the devs or users, but are obtained by botnet holders.

How much is the case for Monero? I really believe that not all of the spikes are due to botnets, but at least some of them could be.

As far as I know this is not a first botnet in Monero history. Heard something about it not so long before june. Well, certainly it’s not a Monero developers fault - they are doing the best they can.

eizh

hero member

Activity: 560

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Checking the y-axis on graphs is hard for some people.

EC2 instances moving in and out move the hashrate much more than the quoted 'spike'.

flower1024

legendary

Activity: 1428

Merit: 1000

Quote from: Rias on June 20, 2014, 05:23:21 AM

I wouldn't be too surprised, since Monero is easy and most profitable target for botnet owners. I just wonder how much hash rate can be attributed to botnets currently. Hopefully, not that much. But the difficulty growth happens very fast with a long plato afterwards, which might point to new botnets jumping in.

CPU mined coins are subject to botnets by definition. However, this is not what you want for the coin you're mining or investing in. Large botnet share means that the majority of the coins is obtained by the scammers and is likely to be dumped. This can't be good for the long term development because the coins are spread not among the devs or users, but are obtained by botnet holders.

How much is the case for Monero? I really believe that not all of the spikes are due to botnets, but at least some of them could be.

Rias

sr. member

Activity: 373

Merit: 250

Quote from: Hexah on June 20, 2014, 05:16:27 AM

Quote from: flower1024 on June 20, 2014, 05:09:41 AM

I would like to ask you about the botnets in XMR. I've been reading bytecoin thread and stumbled upon XMR mining malware.
There was also a topic on the stealth miner: https://bitcointalksearch.org/topic/monero-stealth-miner-639375

Did anybody notice any difficulty spikes in early June?

As I know there was a spike somewhere between late May and early June.
Actually all Monero hashrate history looks spiky, so Monero is a new botnet heaven Grin

http://monerochain.info/charts/difficulty shows it well:

This particular spike looks related to the stealth miner issue as it happened about a week before it was discovered, and as far as I remember it was a second report on the trojan miners [no proof link unfortunately, it's buried somewhere in 360 earlier pages in this thread].

I wouldn't be too surprised, since Monero is easy and most profitable target for botnet owners. I just wonder how much hash rate can be attributed to botnets currently. Hopefully, not that much. But the difficulty growth happens very fast with a long plato afterwards, which might point to new botnets jumping in.

Hexah

sr. member

Activity: 728

Merit: 265

Quote from: flower1024 on June 20, 2014, 05:09:41 AM

I would like to ask you about the botnets in XMR. I've been reading bytecoin thread and stumbled upon XMR mining malware.
There was also a topic on the stealth miner: https://bitcointalksearch.org/topic/monero-stealth-miner-639375

Did anybody notice any difficulty spikes in early June?

As I know there was a spike somewhere between late May and early June.
Actually all Monero hashrate history looks spiky, so Monero is a new botnet heaven Grin

http://monerochain.info/charts/difficulty shows it well:

darlidada

hero member

Activity: 723

Merit: 503

Quote from: fox19891989 on June 20, 2014, 04:20:10 AM

I emailed to MP, I asked why MP didn't choose XMR before?

The support replied:

Hello,

As it is a completely new codebase, this means we have to build new scripts to support it which takes time. We are now in a position to do this and it is clear that the community would like to see Monero traded at MintPal.

I think Mintpal has done the XMR implementation at MP. See it next monday Cheesy

Can you provide a screenshot for anti-fud purpose ? Its not that I dont believe you, quite the contrary, but I think it's best that we get used to provide sources for everything we say!

flower1024

legendary

Activity: 1428

Merit: 1000

I would like to ask you about the botnets in XMR. I've been reading bytecoin thread and stumbled upon XMR mining malware.
There was also a topic on the stealth miner: https://bitcointalksearch.org/topic/monero-stealth-miner-639375

Did anybody notice any difficulty spikes in early June?

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: aistto on June 20, 2014, 04:44:37 AM

why sometimes bitmonerod don't finish downloading blocks but show SYNCRONIZED OK ?
14 block behind
http://fotki.yandex.ru/next/users/ss-serj/album/60283/view/728406

As long as there is block left (14 blocks behind), it is not 100% synchronised.
You must wait for 0 block behind.

Quote from: HardwarePal on June 20, 2014, 04:49:23 AM

Its a miner error I think just type refresh and enter

This. Sometimes you have to type multiple times "refresh" before it refresh properly.

HardwarePal

hero member

Activity: 565

Merit: 500

Its a minor error I think just type refresh and enter

aistto

legendary

Activity: 1001

Merit: 1005

why sometimes bitmonerod don't finish downloading blocks but show SYNCRONIZED OK ?
14 block behind

http://fotki.yandex.ru/next/users/ss-serj/album/60283/view/728406

akula999

hero member

Activity: 509

Merit: 500

There is no way that i can see to contact admin - http://mro.extremehash.com/pool

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: akula999 on June 20, 2014, 04:20:24 AM

http://mro.extremehash.com/pool
Anyone know why maturity is in the negative??

Negative maturity... interesting.
You should contact the admin.

akula999

hero member

Activity: 509

Merit: 500

http://mro.extremehash.com/pool

Anyone know why maturity is in the negative??

fox19891989

hero member

Activity: 840

Merit: 1000

I emailed to MP, I asked why MP didn't choose XMR before?

The support replied:

Hello,

As it is a completely new codebase, this means we have to build new scripts to support it which takes time. We are now in a position to do this and it is clear that the community would like to see Monero traded at MintPal.

I think Mintpal has done the XMR implementation at MP. See it next monday Cheesy

pinky

hero member

Activity: 538

Merit: 500

Quote from: novag on June 20, 2014, 04:06:27 AM

The price will be 0.1BTC!

Why 0.1BTC? Why not 0.5 BTC?

superresistant

legendary

Activity: 2156

Merit: 1131

I just made a separate thread for everything concerning monero.crypto-pool.fr :

[ANN][XMR] monero.crypto-pool.fr | Large Monero Mining Pool

Feel free to comment and report problems.

pinky

hero member

Activity: 538

Merit: 500

Quote from: Its About Sharing on June 20, 2014, 04:02:32 AM

But something doesn't make sense. If Bots are large miners of XMR, why are we not seeing large dumps (or are we)?

You will see them, believe me - XMR is no different than other cryptos.
Currently there is hype (new exchanges, GUI, new BTC, new paradigm,...) and speculation before Mintpal and other exchanges add XMR. A lot are just hoping to see 10-20x gains which is very possible, but this spike won't last long because inflation is huge for the next couple of years and better coins are coming for sure.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1780. (Read 4671953 times)