Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1940. (Read 4671660 times)

stratum_recv_line failed

My take on altcoins

[...]

MRO (Monero)
Okay, there was a reason why I wrote on alts. Cause I have just made my first altcoin investment ever! Monero has a trait which pretty much all other alts lack: slow and geometrically decreasing issuance. At present, only 5% of MRO is mined, and even after 4 years there will still be 20% left to be mined. There is no premine, and the community consists of several people Furthermore, it is currently a CPU coin, since the 11 hashing algorithms make it difficult to implement for GPU let alone ASIC. These things make it "fair" so that there is no way to amass large stashes except by working for them in the competitive mining or buying in the open market.

The market for the coin is very active and extremely liquid. There was an OTC market in the beginning. MRO was listed in Poloniex 5 days ago and the reception has been good. It has been the most traded coin ever since despite having a market cap of only 1-3 M$! Up to 10% of the outstanding MRO changes hands daily in Poloniex, mitigating the extreme volatility that is plaguing many alts with concentrated ownership.

And now comes the main point: The coin has a feature, which is not implementable in Bitcoin - privacy! It is called CryptoNote, and means that all transactions are mixed in a protocol level. This is imo the most advanced privacy that is currently found in crypto universe, although I am sure that some disagree and let them teach me how I am wrong

The coin is probably circulating quite widely already. New mining is about 30kMRO per day (BTC180), which is about $100k (!) and the price is rising (despite that). This is not a pump and dump coin, because the inflation takes care that new coins are constantly coming to the market. A word of warning though - the market cap may seem lucratively small, but the total issuance of MRO is 20 times the current, which is a little less than that of BTC. Therefore it is easy to compare the relative valuations by just comparing the prices. At 0.006 BTC currently, MRO is not the cheapest coin around (1:166 of BTC). I would advice to not buy hastily, and not participate in bubbles (if any). Mining is also an option.

This is the first altcoin I bought, and I did it during the time when it had been listed in the exchange. My relative position is less than in BTC though, so if only one remains, I would still do better if it is BTC

ha...
you have quickly identified my ignorance. i thought hero member was someone that was trusted by the community and gave of themselves not because of compensation. i did not know that it was a bought account.
my apologies.

i am asking from the perspective of a computer buyer. alas, this is likely impossible to do. thank you again.

you have quickly identified my ignorance. i thought hero member was someone that was trusted by the community and gave of themselves not because of compensation. i did not know that it was a bought account.
my apologies.

Just a couple of points, just because somebody is a hero member here all it means is they have been registered on the forum for a while it doesn't automatically make them know more, hero accounts are also sold on the forum as well so a 13 y/o newbie could be behind a hero account but anyway thats not got much to do with MRO.

AWS and Azure are both cloud computing power operators where you can pay for a machine that you can access from your own PC but the hardware is at Amazon or Microsoft. Read - http://en.wikipedia.org/wiki/Microsoft_Azure

You would have to ask them yourself but Im sure they would give different answers. My personal answer would be not to spend $500 on a machine and hope to ROI you would much likely be better buying MRO as by the time you make $500 or $1000 worth just to pay back your equipment the price could be anywhere.

thank you for his.
my idea, there is core development of the software for which we have many hero members.
1. monero development i.e new aspect implementation
2. interface development. miners and wallets
3. marketing
 
There is the hardware aspect as well. hero members input on what they would chose if they had such and such money to spend.
for example, i do not know what aws/azure are or is. this is beyond my scope. and as i read some of the posts it reminds me of my insecurities regarding the tech. barriers for entry for non crypto currencies aficionados. There is obvious curiosity.

for 500 dollars what would smooth david or ezih buy  (other than investing, as investing is beyond most normal human beings, let alon investing in cryptocurrencies.)

for 1000 dollars what would they buy. things like this. trust is hard to come buy especially when we use handles. but trust can be percieved through conversation, and the above mentioned and others have earned it from me.

thanks.

Its a cpu only coin, there's not really $1000 or $2000 spec machines, its simply how many cpu's you can get your hands on.

Granted it would possibly be useful to produce a list of CPU's and their expected hashing power on either OS so that you could choose which CPU's to buy to mine this coin but at this stage I would be very surprised to see people building $2000 set ups to mine MRO, you may as well use AWS/Azure and the like.

The other issue is that the miners are being constantly updated and there is also more than one miner so you can see how this starts to become a lot of work to put together. Thats also besides the fact that you can't trust just one person saying they are getting x speed without some proof so again it becomes a huge task.

Hope this helps.

I sell 1 pizza = 10K MRO
deal ?

in spirit of cooperation;

I see many posts: how many coins with such and such hashing power. How much hashing am i expected to get with such and such cpu.

Could we see a post. monero hashing build. most hasing for under under 500 dollars, 1000 dollars, and 2 thousand dollars.
seems some people may convert some of their earning into machins and improve their hashing performance.
i see this as a good thing as it secures the network. pulls hashing away from those already domminant in the field.

can we do this in a windows and ubuntu estimations. as such this will allow new investors to start mining. the reason I say this i have some friends that are in the market for upgrading computers and I was asked this question and I can not answer it.

thank you for those that will take this post seriously.

Oh please...
MRO will be another low velocity, commodity crypto like all the others...
You wanna buy pizza with MRO?

I have started mining few hours ago, when can i expect first payment?

Payments go out after each block has matured in a pool. Haven't solo mined so can't comment on that.

I have started mining few hours ago, when can i expect first payment?

asddd 250-270 on fx-8320
asdddddddddddddddddddd
i make only 75-80 on my
i5-4570
i am using cpumultiminer of lucasjones
you?

I am not a dev, I know how to write semantically significant HTML, this is all. I am a team member, different. What I cannot bring with code, I bring it with communication, suggestion, writing, webhosting... Like Ludom does for NXT, by the way.
For the technical specifications, read the cryptonote whitepaper, our OP. There are post where we sum up our additions to the orignal Bytecoin code and so far, I believe fluffypony's Tenebrix/blockchain post is the best summary at hand (the post you are linking is a great one, we agree on that)
For the Panama part, I had several email exchanges with the said "joke" even on Sunday morning, when a DDoS happened and he was with his family. Of course, you don' have to believe me.
(your English is good, really, stop underestimating yourself, most French do underestimate their level in English)