Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 2019. (Read 4670562 times)

Maybe your last point is the part I don't understand. How does an individual get to 1 - 10 kH/s? I know the processor I am running now is pretty lame, and I am about to install a much faster (8-core) CPU. Let's say the new CPU doubles my clock speed, and that I can go from mining one thread to 15. That still only increases my hash rate from 9 H/sec to 270 H/sec. How does an individual get to 10 kH/s without running 40 - 100 machines? Is the something wrong with my math? Is there some other factor I am missing? I would love to be wrong about this.

You have to open 4 times the miner with the same command.
You'll get 4 windows with the miner.

I can't answer the first question because I don't mine.

I am not too worried about the hashrate.

1.If you look at the chart it grows on a noisy exponential. It's faster than I expected, but it is more consistent with strong interest (and high price) than a secret GPU miner.

2. I have just started studying CryptoNight in detail, but so far it looks like GPUs are not going to be a killer if they do happen.

 A. CryptoNight is indeed almost memory-bound in theory, and monero miner is indeed almost memory-bound in practice (after Noodle's un-de-optimization). This means there is no uberminer, maybe a heavy optimization can double the rate again. The other CryptoNote coins are afaik still de-optimized so someone mines at 4x the rate others have.

 B. On a GPU the high latency of GDDR3/5 and the tiny caches of the shaders means that most time will be spent waiting for the RAM, to a much larger degree than on a CPU. This is not too say there is no compute, but there is not a lot of mindless compute like in BTC. CryptoNote is more computationally intensive than BTC on the crypto side and it is latency-bound (i.e. it does a lot of mindless memory access) instead of compute-bound, so that's why typical hashrates are so low compared to anything else.

 C. Slow-hash uses AES at some point. Most modern CPUs have dedicated hardware for it, but GPUs are terribly slow at large integer arithmetic.

It could be possible that CryptoNote is indeed CPU-only for a few years at least. This doesn't mean it doesn't have it's own problems, and that's one reason I asked about the attack vector thread.

3. IMO monero is overpriced for now. Botnets don't hoard, so they tend to keep the price low. I don't have a problem with this. On the other hand they do secure the network. Someone rightly said upthread that the miner network is itself a botnet.

4. I believe a large part of the network hashrate is individuals with 1-10 kH/s mining alone. I don't think this is a problem either.

First thing, the stats on a pool are usually based upon the shares you submit. Thus, it takes time for the pools stats to "catch up" and show you the real figure. Give it more time, and it should reflect your hashing power.

Second, who knows. If someone has cracked fast GPU mining, then lucky them. There's nothing forcing them to share their secret. From what has already been said in this thread though, I doubt GPU mining is responsible since theoretically it should not be faster than CPU mining.

I've got a couple of questions.

First, I'm mining on extremepool.org. "My Stats" shows that my hash rate is only 2 H/sec with a single core processor. Yet if I solo mine with the daemon, it shows my hash  rate as 9 H/sec (with the newest update from 17 May). What could be going on with that? Is the pool miner using the older, less-optimized code? At 2 H/sec, it seems I am wasting my time.

Second (and more importantly, I think), where the heck is all this hash power coming from?? It looks to me as though all of the pools combined account for only a very small percentage of the total hashing. It makes me wonder whether someone (or several someones) have figured out how to GPU mine Monero, and are grabbing most of the coins. If so, that is functionally equivalent to a private pre-mine, and I predict it will be bad for the long-term viability of the coin. And that would be a shame.

Any ideas?

I had an auto payout from *.org yesterday shortly after the block was found. Admin seemed honest so not trying to spread fud but i switched for the rime being and it seems extremepool also shows better hashrate stats and is faster in delivering jobs. But could always be just lag..

Is there a thread to discuss attack vectors and slowly specify the protocol? Right now the code is the spec and that's a recipe for black swans (see BTC hard fork in 2013).

I think it's important to start the discussion early because there's a lot of work to be done before it's time to code. We need documentation, we need to audit all code and we need to think about attacks.

Where should such a thread be created?

Not for me too. I've switched to extremepool.org and see if they pay or not.

How to open 4 instanced?

Before you run simplewallet.exe, you must run bitmonerod.exe, and give it time to sync.

When bitmonerod has synced, it will say Syncronized OK in green writing. Leave bitmonerod running, then you can open simplewallet and allow it to refresh. Simplewallet refreshes by connecting to bitmonerod.

Still no payout from moneropool.org for the last blocks..?

Hmm, yeah, I've come to the same conclusion. I'll buy some from time to time just to make sure

yeha but if i cant get my wallet to work how will it ever load my mined monero? surely there must be some1 who knows why this error keeps coming up

Because we didn't find block yet.
Keep mining and wait for block to be found.
You'll get your payment.

Also, you must open 4 instanced of simpleminer because you have 4 threads on I3 CPU.

I mining in monero.crypto-pool.fr with my I3 CPU for two days,Buy I nerver get pay. Why?

I see that extremepool found a block a few hours ago - did everyone get their mro? And do you have to be mining with them at the exact moment it's found in order to qualify for a share?

If by 'new coins' you mean the number of MRO hitting the markets - the rate of production is the same no matter how many miners there are.

Depends how you look at it. More people might start to use it when there is a GUI wallet, and/if Monero is added to Bittrex and other exchanges. So greater demand would in fact increase the price....maybe?!

I hope so. I've bought plenty and I'm mining too.

The whole development on CN coins is getting done for monero right now. The rest are irrelevant and will continue to be except if they bring something innovative. Boolberry might be promising but not for now.

Ok, so besides mining I think I'm gonna spend some of my scrypt earnings on monero.

But wouldn't it be wise to hold out a bit buying it? I mean surely the influx of new coins will be bigger once there is a gui wallet and gpu miner and "proper" pools? Or am I wrong?