[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1846.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: tacotime on June 10, 2014, 10:24:03 PM

Yup. The high inflation of this coin in the first couple of years likely ensures we will not have outrageous price pumps because people will simply turn on bulk computing farms if there are price spikes, and XMR will be dumped due to economic pressure. I'm not sure this is a bad thing.

If it were true it would be a good thing, meaning good for dispersion hence adoption hence valuation and persistence. However, feedback loops do occur. It has happened repeatedly in bitcoin, that rising difficulty caused miners to with-hold, which caused prices to rise, which caused more mining, which caused ... etc. The reverse is common in a declining alt, and often ends it a local catastrophe and price crash. Positive feedback loops are crazy-makers.

uvt9

sr. member

Activity: 300

Merit: 250

Quote from: ?? on ??

Quote from: o3u on June 10, 2014, 09:54:46 PM

why is the difficulty and hashrate skyrocketing?

Pay attention, I released a new cpuminer Cheesy

i know that but it's really strange while moneropool.com and .org stay essentially the same with their hr.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: ?? on ??

Quote from: smooth on June 10, 2014, 10:37:31 PM

Quote from: surfer43 on June 10, 2014, 08:39:24 PM

OK, technically his site is the official one.

Not on this thread it isn't. If you think his development process and direction is superior, you are free to head over to his thread or his repo, at your own risk

The only thing official on this thread is what is identified as such on the first post.

He's not affiliated with XMR, he's not in the core team, and for all you know, he could be gaining trust to release a trojaned binary.

I have no reason to believe that. But we can't and won't ever endorse any sources other than the official ones.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: tacotime on June 10, 2014, 10:24:03 PM

Quote from: surfer43 on June 10, 2014, 10:08:47 PM

Quote from: CryptoWallets.org on June 10, 2014, 09:59:45 PM

why is the difficulty and hashrate skyrocketing?

ec2 miners are launching hundreds of instances because it is extremely profitable with this price spike.

Yup. The high inflation of this coin in the first couple of years likely ensures we will not have outrageous price pumps because people will simply turn on bulk computing farms if there are price spikes, and XMR will be dumped due to economic pressure. I'm not sure this is a bad thing.

There won't be as many short term spikes (I agree not necessarily a bad thing), but nothing about this sort of mining prevents persistent price rises. The the price increases stick, the difficulty will just go up accordingly. There won't be any more supply being dumped, beyond a short transition period.

To answer the original question, difficulty follows price. Price is up 30% (briefly much more). You should expect difficulty to also increase. No different than any other coin. More efficient miners (CPU, GPU, whatever) also increase difficulty. The increases are additive.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: surfer43 on June 10, 2014, 08:39:24 PM

OK, technically his site is the official one.

Not on this thread it isn't. If you think his development process and direction is superior, you are free to head over to his thread or his repo, at your own risk

The only thing official on this thread is what is identified as such on the first post.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: surfer43 on June 10, 2014, 10:08:47 PM

Quote from: CryptoWallets.org on June 10, 2014, 09:59:45 PM

why is the difficulty and hashrate skyrocketing?

ec2 miners are launching hundreds of instances because it is extremely profitable with this price spike.

Yup. The high inflation of this coin in the first couple of years likely ensures we will not have outrageous price pumps because people will simply turn on bulk computing farms if there are price spikes, and XMR will be dumped due to economic pressure. I'm not sure this is a bad thing.

marada

sr. member

Activity: 442

Merit: 250

Quote from: CryptoWallets.org on June 10, 2014, 09:59:45 PM

Quote

why is the difficulty and hashrate skyrocketing?

Adoption? Also the CPU miners have gotten more efficient and GPU's have got on-board.

This is unlucky situation GPU miner is closed source and windows only. Same killed quarks some time ago. The only good side is that it is not (yet) enough efficient to put CPUs aside (electrically and economically). I hope the community will overpass this by providing the open source solution as soon as possible.

aerbax

full member

Activity: 201

Merit: 100

Quote from: adept on June 10, 2014, 09:11:47 PM

How come monero isn't on sites like http://www.coinchoose.com/?

How does profitability compare?

Monero is on http://whatmine.com/

ora

newbie

Activity: 47

Merit: 0

How to convert old coin to new?

I try run bitmonero wallet v0.8.8.1(0.1-g7ed5a03) I get error bellow

Quote

2014-Jun-11 09:02:25.655497 Got control signal 2. Exiting without saving...
2014-Jun-11 09:03:10.926086 bitmonero wallet v0.8.8.1(0.1-g7ed5a03)
2014-Jun-11 09:03:18.240504 Loaded wallet keys file, with public address: 43VK3vpi8JNTRMwiDQFjYNUTRYffRChah9H9LbmP7yAf2Hsk3QQ6LCzTFrHmU7difc1ihnK2wfXsAKB Mha4PLQTyL8qeaGq
2014-Jun-11 09:03:18.240504 ERROR C:\Temp\monero\git\bitmonero-master-x64\src\common/boost_serialization_helper.h:82 Exception at [unserialize_obj_from_file], what=invalid signature
2014-Jun-11 09:03:18.240504 ERROR ..\..\src\wallet\wallet2.cpp:524 !r. THROW EXCEPTION: error::file_read_error
2014-Jun-11 09:03:18.240504 ..\..\src\wallet\wallet2.cpp:524:struct tools::error::file_error_base<2>: failed to read file "wallet.bin"
2014-Jun-11 09:03:18.240504 Error: failed to load wallet: failed to read file "wallet.bin"
2014-Jun-11 09:03:18.244505 ERROR ..\..\src\simplewallet\simplewallet.cpp:334 could not open account
2014-Jun-11 09:03:18.244505 ERROR ..\..\src\simplewallet\simplewallet.cpp:1105 Failed to initialize wallet

When I use bitmonero wallet v0.8.6.295(0.1-gdda8b34) to transfer I get error bellow

Quote

2014-Jun-11 09:02:06.317391 Error: transaction <4aa2ab80ac6069afc97ebf074c43bbc0f803f6d82650c090dd34546c6f0555e9> is too big. Transaction size: 85319 bytes, transaction size limit: 39400 bytes

Who can help me fix this problem? I use windowns 7 64 bits

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: CryptoWallets.org on June 10, 2014, 09:59:45 PM

why is the difficulty and hashrate skyrocketing?

ec2 miners are launching hundreds of instances because it is extremely profitable with this price spike.

DareC

member

Activity: 83

Merit: 10

It sucks being on a small pool when difficulty is on the rise. Anyone want to jump on extremehash.com with me? They've got a 10% bonus going on right now.

CryptoWallets.org

newbie

Activity: 38

Merit: 0

Quote

why is the difficulty and hashrate skyrocketing?

Adoption? Also the CPU miners have gotten more efficient and GPU's have got on-board.

o3u

sr. member

Activity: 393

Merit: 250

Money comes, money goes

why is the difficulty and hashrate skyrocketing?

neza777

newbie

Activity: 28

Merit: 0

hi i can't sync my wallet and got this error

Quote

2014-Jun-11 09:48:35.567121 Starting...
2014-Jun-11 09:48:35.571121 bitmonero v0.8.8.1(0.1-g328a52a)
2014-Jun-11 09:48:35.574122 Module folder: C:\Users\gya\Desktop\0Monero\bitmoner
od.exe
2014-Jun-11 09:48:35.579122 Initializing p2p server...
2014-Jun-11 09:48:35.582122 Binding on 0.0.0.0:18080
2014-Jun-11 09:48:35.586122 Net service binded on 0.0.0.0:18080
2014-Jun-11 09:48:35.590123 Attempting to add IGD port mapping.
2014-Jun-11 09:48:38.956315 UPnP device was found but not recoginzed as IGD.
2014-Jun-11 09:48:38.960315 P2p server initialized OK
2014-Jun-11 09:48:38.963315 Initializing cryptonote protocol...
2014-Jun-11 09:48:38.966316 Cryptonote protocol initialized OK
2014-Jun-11 09:48:38.969316 Initializing core rpc server...
2014-Jun-11 09:48:38.972316 Binding on 127.0.0.1:18081
2014-Jun-11 09:48:38.975316 Core rpc server initialized OK on port: 18081
2014-Jun-11 09:48:38.979316 Initializing core...
2014-Jun-11 09:48:38.982317 Loading blockchain...
2014-Jun-11 09:48:38.984317 Can't load blockchain storage from file, generating
genesis block.
2014-Jun-11 09:48:39.251332 Blockchain initialized. last block: 0, d706.h20.m48.
s39 time ago, current difficulty: 1
2014-Jun-11 09:48:39.257332 Core initialized OK
2014-Jun-11 09:48:39.260332 Starting core rpc server...
2014-Jun-11 09:48:39.263333 Run net_service loop( 2 threads)...
2014-Jun-11 09:48:39.276333 [SRV_MAIN]Core rpc server started ok
2014-Jun-11 09:48:39.279334 [SRV_MAIN]Starting p2p net loop...
2014-Jun-11 09:48:39.284334 [SRV_MAIN]Run net_service loop( 10 threads)...
2014-Jun-11 09:48:40.284391 [P2P0]
**********************************************************************
The daemon will start synchronizing with the network. It may take up to several
hours.

You can set the level of process detailization* through "set_log " comman
d*, where is between 0 (no details) and 4 (very verbose).

Use "help" command to see the list of available commands.

Note: in case you need to interrupt the process, use "exit" command. Otherwise,
the current progress won't be saved.
**********************************************************************
2014-Jun-11 09:48:58.875454 [P2P1]Failed to connect to any of seed peers, contin
uing without seeds
2014-Jun-11 09:49:16.444459 [P2P8]Failed to connect to any of seed peers, contin
uing without seeds

im using win 7 32 bit
thanks

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: darlidada on June 10, 2014, 09:17:23 PM

Who cares what that guys say ? He is NOT a core team member.

Don't you realize he created bitmonero?

Quote

I really do not understand why you are trying to promote a site who 1) is not the legit monero site 2) made by a person who is not a core team member 3) has outdated binaries.

This is a recipe for disasters.

I do not recommend people use that site because it has outdated binaries. It's just pretty bizarre that you guys are treating it like a virus site. Cheesy

darlidada

hero member

Activity: 723

Merit: 503

Quote from: surfer43 on June 10, 2014, 08:58:45 PM

Quote from: darlidada on June 10, 2014, 08:52:14 PM

Quote from: David Latapie on June 10, 2014, 05:59:43 PM

The only legit site is monero.cc. And this is a core member who's saying it :-)

Quote from: thankful_for_today on April 09, 2014, 04:50:04 PM

Website:

http://bitmonero.org

Who cares what that guy say ? He is NOT a core team member.

Are you thankfulfortoday? I really do not understand why you are trying to promote a site who 1) is not the legit monero site 2) is made by a person who is not a core team member 3) has outdated binaries.

This is a recipe for disasters.

So again: if you are looking for official binaries/software/etc look in the OP.

adept

full member

Activity: 223

Merit: 100

How come monero isn't on sites like http://www.coinchoose.com/?

How does profitability compare?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

MoneroPool.org has been updated with the latest bug fixes from Boolberry. This will greatly reduce our orphan rate, probably to a rate lower than any other pool, and maybe to the solo mining orphan rate.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: darlidada on June 10, 2014, 08:52:14 PM

Quote from: David Latapie on June 10, 2014, 05:59:43 PM

The only legit site is monero.cc. And this is a core member who's saying it :-)

Quote from: thankful_for_today on April 09, 2014, 04:50:04 PM

Website:

http://bitmonero.org

darlidada

hero member

Activity: 723

Merit: 503

Quote from: surfer43 on June 10, 2014, 08:39:24 PM

Quote from: darlidada on June 10, 2014, 08:35:28 PM

Quote from: surfer43 on June 10, 2014, 08:22:07 PM

bitmonero.org is run by thankful_for_today, the original creator of Bitmonero. The binaries may not work, because AFAIK they are based on a source that does not pay the new 0.005 XMR transaction fee. Also they will not have some bug fixes / features.

Stop with the FUD please. Wink

It's not FUD. It's FACTs: he's not part of the core team. He's not even among the select few that works on peripheral projects according to the 2nd of June's missive. His site is not the official one. His binaries are not up to date. Why would anyone promote it ? Do you wanna be the one responsible in case someone wallet get corrupted or worse ?

If you want to download something, just do as Smooth said : use the OP. Otherwise, it's at your own risk.

OK, technically his site is the official one. How would those binaries be any more likely to corrupt the wallet? Everyone's supposed to keep backups anyway.

Quote from: David Latapie on June 10, 2014, 05:59:43 PM

The only legit site is monero.cc. And this is a core member who's saying it :-)

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