Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 231. (Read 4671660 times)
Those first few hours of mining after the fork...
General information regarding the upcoming scheduled network upgrade and a call for community action
https://www.reddit.com/r/Monero/comments/87r8fk/general_information_regarding_the_upcoming/
https://www.reddit.com/r/Monero/comments/87r8fk/general_information_regarding_the_upcoming/
Hi, when will be move to v7?
Monero April 6 Hardfork
https://monero.stackexchange.com/questions/7838/monero-april-6-hardfork-guide
Hi, when will be move to v7?
I wonder how significant is the threat of FPGAs though since they are programmable.
There are always risks involved in any endeavor, most especially in the realm as complex as cryptocurrency development. But no risk, no reward/innovation.
Prices come and go. It's market-driven and still very speculative at this point in time. If the HF affects it at all, it'll be temporary as always. In fact, if the HF will be successful, it'll only excite the speculators. But such is for another thread.
FPGA's are far slower than Asics so there really ins't any worry there as far as I know. I think the only viable one is a Intel one that the ROI is so far away it isn't funny, it costs like 16 grand. I'm sure someone more familiar with the latest can give you better numbers.
"XMR-Stak 2.3.0 - The PoWs They Are a-Changin' - released!"
https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
Just dropping by to say this update to xmrstak supports the upcoming fork automatically, and it works well!
I thought it was slower than the current?
I believe PoW modify will become the paradigm within the crypto area after Monero's fork.
You just plagiarized me. I already stated exactly the same thing a few posts above.
Sometimes you will see the same sentiment posted because people usually answer as they read, I'm guilty of that but don't feel like going back and editing a post I spent 15 minutes writing.
I think you're right about this part of the scenario. I highly doubt ASIC producers would further risk production costs for one-off algo changes.
I don't think it changes the model.
ASICS is about front running and making it in a certain time frame. Before everyone catches up and return drops.
ROI must be calculated.
In a way killing all competition leaves a sweet opportunity for someone brave, if they can make enough hay while the sun is shining? they will be happy
Then that brave someone would be a fool blinded by extreme greed. He/she is gonna lose big time in such a gamble. Reportedly, it takes at least 5 months to design, tape out and deliver ASIC chips; and the devs already declared that PoW will be modified at every scheduled 6-months fork thereafter (the deterrent).
This is assuming alot, for instance that you are starting from scratch. Lets not forget they could have been modifying their design since the moment the new algo was available.
If or when a asic company does produce a asic miner, they will be the first to mine with it before dumping the used hardware it onto unsuspecting or greedy buyers. ...
True, not reaching ROI before announce public sale would be the pinnacle of bad business and they are not in that realm. We can be assured they have profited from this, the algo should have been ready to go and pushed out as soon as the large spike in January hit. Actually I argued this years ago to have this ready for this day. Some people are just not able to see the future or think they have all the time in the world. Specifically I was arguing for this to be ready when it was known Quantum systems were on the horizon. This was in no way shape or form a surprise.
0.12.0.0 binaries released! https://github.com/monero-project/monero/releases
I have 2.5.1 xmrig now which is supposed to be ready for the fork.
Will there be an updated wallet released on April 6th @ getmonero.org?
I want to start mining monero after the fork. Thank you
Will there be an updated wallet released on April 6th @ getmonero.org?
I want to start mining monero after the fork. Thank you
If or when a asic company does produce a asic miner, they will be the first to mine with it before dumping the used hardware it onto unsuspecting or greedy buyers.
I personally think the hard fork is a good deterrent but it does not solve the real problem. The supply will only stop when the buying stop. They namely bitmain will be back with a bunch of new asic very soon, because that is just the company modus operandi.
The main reason people buy the X3, was because they calculated they could out mine the existing gpu miners and make a huge profit with a fast return on roi. When the fork does occur, there is no real loss for bitmain as they have already used those device 3 months ago to mine and blamed it on botnets. They sold a fair share of the x3 miner, and seeing as how they are willing to reduce their price to $3000, cost of production should be even lower.
But still I do give credits to the monero dev team for standing up and protecting their network and doing whats right for the community.
I personally think the hard fork is a good deterrent but it does not solve the real problem. The supply will only stop when the buying stop. They namely bitmain will be back with a bunch of new asic very soon, because that is just the company modus operandi.
The main reason people buy the X3, was because they calculated they could out mine the existing gpu miners and make a huge profit with a fast return on roi. When the fork does occur, there is no real loss for bitmain as they have already used those device 3 months ago to mine and blamed it on botnets. They sold a fair share of the x3 miner, and seeing as how they are willing to reduce their price to $3000, cost of production should be even lower.
But still I do give credits to the monero dev team for standing up and protecting their network and doing whats right for the community.
Then that brave someone would be a fool blinded by extreme greed. He/she is gonna lose big time in such a gamble. Reportedly, it takes at least 5 months to design, tape out and deliver ASIC chips; and the devs already declared that PoW will be modified at every scheduled 6-months fork thereafter (the deterrent).
I had to quote myself just in case you had missed my post which is just right before yours.
Assuming that they'd still be produced, how could such ASIC miners mine XMRs moving forward? If people would still buy them for the purpose of mining XMRs, then such greed-induced stupidity is on them and not on the Monero community.
If or when a asic company does produce a asic miner, they will be the first to mine with it before dumping the used hardware it onto unsuspecting or greedy buyers.
I personally think the hard fork is a good deterrent but it does not solve the real problem. The supply will only stop when the buying stop. They namely bitmain will be back with a bunch of new asic very soon, because that is just the company modus operandi.
The main reason people buy the X3, was because they calculated they could out mine the existing gpu miners and make a huge profit with a fast return on roi. When the fork does occur, there is no real loss for bitmain as they have already used those device 3 months ago to mine and blamed it on botnets. They sold a fair share of the x3 miner, and seeing as how they are willing to reduce their price to $3000, cost of production should be even lower.
But still I do give credits to the monero dev team for standing up and protecting their network and doing whats right for the community.
I personally think the hard fork is a good deterrent but it does not solve the real problem. The supply will only stop when the buying stop. They namely bitmain will be back with a bunch of new asic very soon, because that is just the company modus operandi.
The main reason people buy the X3, was because they calculated they could out mine the existing gpu miners and make a huge profit with a fast return on roi. When the fork does occur, there is no real loss for bitmain as they have already used those device 3 months ago to mine and blamed it on botnets. They sold a fair share of the x3 miner, and seeing as how they are willing to reduce their price to $3000, cost of production should be even lower.
But still I do give credits to the monero dev team for standing up and protecting their network and doing whats right for the community.
I think you're right about this part of the scenario. I highly doubt ASIC producers would further risk production costs for one-off algo changes.
I don't think it changes the model.
ASICS is about front running and making it in a certain time frame. Before everyone catches up and return drops.
ROI must be calculated.
In a way killing all competition leaves a sweet opportunity for someone brave, if they can make enough hay while the sun is shining? they will be happy
Then that brave someone would be a fool blinded by extreme greed. He/she is gonna lose big time in such a gamble. Reportedly, it takes at least 5 months to design, tape out and deliver ASIC chips; and the devs already declared that PoW will be modified at every scheduled 6-months fork thereafter (the deterrent).
I believe PoW modify will become the paradigm within the crypto area after Monero's fork.
You just plagiarized me. I already stated exactly the same thing a few posts above.
I believe PoW modify will become the paradigm within the crypto area after Monero's fork.
How would you compare Monero to Prix?
You mean Pivx? That's kind of apples to oranges if you ask me. Pivx has InstantX, Darksend, and Masternodes; Monero has Ring Signatures.
Predominantly that the miner switches smoothly to the tweaked PoW algorithm (i.e. CryptoNight variant v1).
Got it, thank you very much for your information about algorithm switching.We will monitor our nodes closely for any anomalies.
"XMR-Stak 2.3.0 - The PoWs They Are a-Changin' - released!"
https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
What are purposes of the upcoming changes?https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
To control difficulty fluctuations better with new difficulty adjustments algorithm.
To avoid terrible rise in Monero difficulty due to sudden explosions of total hashrates in Monero network.
To make Monero network more stable.
I hope the coming changes will bring us good results for the project, it's miners, its network, it's price. Thanks.
Predominantly that the miner switches smoothly to the tweaked PoW algorithm (i.e. CryptoNight variant v1).
I think you're right about this part of the scenario. I highly doubt ASIC producers would further risk production costs for one-off algo changes.
I don't think it changes the model.
ASICS is about front running and making it in a certain time frame. Before everyone catches up and return drops.
ROI must be calculated.
In a way killing all competition leaves a sweet opportunity for someone brave, if they can make enough hay while the sun is shining? they will be happy
We are strong believers in Monero and impressed by the team and the developments of the platform!
Therefor XMR is going to be listed on Arysum.
Do not miss the launch
https://bitcointalksearch.org/topic/ann-arysum-exchange-closed-beta-3200977
Therefor XMR is going to be listed on Arysum.
Do not miss the launch
https://bitcointalksearch.org/topic/ann-arysum-exchange-closed-beta-3200977
"XMR-Stak 2.3.0 - The PoWs They Are a-Changin' - released!"
https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
What are purposes of the upcoming changes?https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
To control difficulty fluctuations better with new difficulty adjustments algorithm.
To avoid terrible rise in Monero difficulty due to sudden explosions of total hashrates in Monero network.
To make Monero network more stable.
I hope the coming changes will bring us good results for the project, it's miners, its network, it's price. Thanks.
When is the asic resistance fork update expected?
"XMR-Stak 2.3.0 - The PoWs They Are a-Changin' - released!"
https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
https://www.reddit.com/r/Monero/comments/874ovk/xmrstak_230_the_pows_they_are_achangin_released/
Just dropping by to say this update to xmrstak supports the upcoming fork automatically, and it works well!
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