Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 2016. (Read 4670562 times)

Why would you have to be the one to find all 60 of the blocks> I thought as long as 60 blocks were found by ANYONE then the transaction would be confirmed...

That doesn't make sense when you can see your own hashrate go up.

My guess - some miners out there with large farms or cloud computing instances already optimized their miner (these are naturally the types who would know how to optimize). Up until now they dedicated a large number of CPUs to it. With 5x the MRO mined for the same electricity, their return was great. When an optimized miner was released, they reduced the number of CPUs dedicated to MRO (or just stopped mining altogether). Thus we see a roughly constant or maybe even decreasing hashrate as these two opposing trends cancel.

It should also be noted that the network hashrate was ~300 kH/s before we said an optimized miner was coming. That shot up to 700 kH/s within 24 hours (when the miner still was being tested and wasn't released). This suggests they wanted to gather more MRO (for hoarding or dumping) before they were back on equal footing with everyone else.

This is why we bother with optimization at all. After all, if everyone's hashrate goes up proportionally, no one is gaining any more coins than they used to. But we need to optimize to prevent unfairness from private optimizations. This is no different from what Bitcoin went through and still goes through on a monthly basis (because of constantly improving ASICs, which a few people have access to before anyone else). As for why this code is so unoptimized in the first place, you can go ask the Bytecoin developers. It may have been deliberate. It may not have been. I don't know. Just be glad we have Noodle.

Bottom line is that our network still only corresponds to ~7,000 modern quad-core CPUs. Believe me, that's not a lot. There are plenty of people who could easily whip up that many CPUs by themselves and do so legally (or at least discreetly). An easy example is server admins who could dedicate unused clock cycles to mining. Save the conspiracy theories for when we're at over 100,000 CPUs.

what does COMMAND HANDSHAKE INVOKED OK mean?

Ultimately people who blatantly distort the market through greed will be hurting their own returns as they will scare off the user base that they seek to profit from before it even develops. We'll have to see how it plays out in the end.

The usage of the new URL will be enforced by tomorrow. moneropool.org and www.moneropool.org will resolve to a separate server.

Port 80 will be opened for mining on mine.moneropool.org after the change.

If this was considered a scam, Bitcoin would also have to be considered a scam, as people have mined it with optimized miners, private GPU miners, etc. Besides, this code is left over from the Bytecoin codebase. If anyone de-optimized the miner it was the Bytecoin devs.

It could be a new kind of scam. Low performance miner - to all, hi-performance miner  - to limited number.
I can be wrong, I accuse nobody.

It's on github and in the OP.

where to get the new miner?

5x optimized miner released, network hashrate decreases by 10%

Make your own conclusions. :|

Hi guys, how can i specify teh number od threads in the simpleminer?, i'm mining in the pool

1. You have it right in terms of the two functions.

2. I don't use Windows so I can't comment on the copy/paste, but I'm pretty sure there is some key combination or menu option to do it. You can also open the file wallet.address.txt, which has your address in it, using some program like notepad. Just be careful not to damage the file.

3. The password you use to create the wallet secures the wallet (private keys). I haven't personally reviewed the code for this, but hopefully the encryption is done in a sensible way.

4. There is no special command to back up the wallet. Just make sure the wallet application isn't running and then copy the three wallet files to  your backup location.

Feel free to ask any more questions! There sure is a steep learning curve, but there are several great people in the community who are always happy to help.

oh ok ty will check out later or tomorrowz

I am new to pool mining.
i just started mining again around 9 pm tonight on mine.moeropool.org
there was a script out before that would run  as in below.
on the website is says to put x as the passowrd. but the bat file has a pass as 123. just wanted to know if I should change this to pas 123.


first bat file


start_simpleminer.bat
Code:
:while1
    simpleminer.exe --pool-addr=mine.moneropool.org:5555 --login=YOUR_PUBLIC_ADDRESS_HERE  --pass 123
goto :while1
   



second bat file

start_pool_mining.bat
Code:
set /p var="Number of threads: "

set /a "x = 1"
:while1
    if %x% leq %var% (
        start start_simpleminer.bat
        set /a "x = x + 1"
        goto :while1
    )

You will be paid out for each block that we find, after it has 60 confirmations. Since our last block was 4-5 hours ago, it is normal that you haven't received any MRO.

First off, i wanted to ask, i have been mining in mine.moneropool.org for hours now, with 20 to 40 hr/s but havent received any monero, is that normal?


On to your problem now, look at this topic: https://bitcointalk.org/index.php?topic=613072.new#new

It is a great guide, which doesn't mention a vital thing: before the first step, run bitmonerod.exe and let it synch past every grey/yellow synch message, up to the point(after several minutes), that it will notify u that the synching is completed(it going to stand out between final series of code). Leave it open behind, THEN follow the steps of the guide.

I hope I am not asking questions that have already been answered a bunch.

is there like an official guide or something?

Ok so I am supposed to make a new roaming folder? does it have to be named "Monero"?
Are the "simplewallet" "simpleminer" and "bitmonerod" supposed to go in the roaming folder too or can i put them wherever?

Thanks man I will just go ahead and let download!
Hope you don't mind I pick your brain a tad more,?

Ok so there are 2 separate functions, that makes sense. So is it like...the daemon stores/manages the blockchain info, and the wallet is just a way of viewing your position on the public ledger/send coins coins to another wallet?

I was trying to copy my address to send coins to the wallet but i couldn't highlight it so how can i read the wallet address in a way that will allow me to copy and paste it?

Is there a command to backup the wallet?

I understand with bitcoind, even if someone steals your wallet.dat they still need your encryption key to steal your coins. Is it the same with kyrptoknight? Is the password I made when I created the wallet essentially the same thing as the encryption key? Is there anything else I can do to help protect the coins?

Thanks for your help man I really like this coin a whole lot I see amazing potential here...cryptonote looks like the next big thing and i think bytecoin and quasar and honeypenny etc. don't really stand a chance against monero so I really am trying to overcome the steep barrier to entry!

Thanks!

First, congratulations for deciding to go beyond your comfort zone and use the command line.

Second, your machine (Windows?) tells you this is a VLC file because it only looks at the file extension (.bin) in that case. But .bin is a common file extension with a lof of different use (it means binary).

If you are on Windows, you must put it on %APPDATA%bitmonero. To access APPDATA%, just open up Explorer and type %APPDATA% where you usually have C:\ Do this whilst everything monero is shut down.