[XMR] Monero - A secure, private, untraceable cryptocurrency - page 355.

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: Termie on August 26, 2017, 05:27:47 PM

Quote from: clixcoin on August 26, 2017, 01:09:46 PM

Monero's price is keep surging with small corrections this is very good because it will help a lot to sustain the market. Monero was sleeping giant after last run it went in back ground and now forceful entry in market made everyone surprise once again.

I wish this would be true, but I guess its skyrocketing only because the koreans get 1% free monero for deposits and top 50 monero deposits get 100 monero each at Bithumb. So I fear that the dump will follow shortly after this Bithumb action ends. Undecided

Right but trading still doesn't start until midnight sunday KST which is about 16 hours from now so I would expect more growth and then yes, finally the dump(s).

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: pönde on August 26, 2017, 12:59:58 PM

Quote from: garytheasshole on August 26, 2017, 12:32:49 PM

AES is very heavy, takes serious cpu beating to verify all the blocks, probably why it's taking so long despite the fast connection.

Advanced Encryption Standard?
https://en.wikipedia.org/wiki/Advanced_Encryption_Standard

So better CPU and/or more RAM should make sync faster?

AES has very little to do with it. Only proof of work uses AES and that is only about 20 ms per block (effectively 5 ms on a quad core). So sync time based on checking PoW for a year of chain on a quad core would be under 15 minutes.

Most of the time is taken up by verifying range proofs (part of RingCT) and signatures and that will likely be optimized both in terms of crypto theory and implementation. On the latter, I noticed when syncing on a 16 core system that it was taking a long time but doing a very poor job of keeping more than 2-3 cores busy. There's a lot of room for improvement in the future.

As a practical matter shorter term whenever there is a new release of the code ("soon") it includes precomputed hashes for most of the older part of the chain and speeds up syncing that way. It has been a while since the last release, so there is more chain that needs to be checked by each node on initial sync.

Termie

sr. member

Activity: 642

Merit: 292

Quote from: clixcoin on August 26, 2017, 01:09:46 PM

Monero's price is keep surging with small corrections this is very good because it will help a lot to sustain the market. Monero was sleeping giant after last run it went in back ground and now forceful entry in market made everyone surprise once again.

I wish this would be true, but I guess its skyrocketing only because the koreans get 1% free monero for deposits and top 50 monero deposits get 100 monero each at Bithumb. So I fear that the dump will follow shortly after this Bithumb action ends. Undecided

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: DStefanov on August 26, 2017, 02:26:53 PM

I use Daemon address: node.xmrbackb.one 18081 but I can not connect.
I get the following error: Daemon Failed to Start - Please check your wallet and daemon log for errors. You can also try to start monerod.exe manually.
Where am I wrong?
Thanks!

p.s. I using monero-gui-0.10.3.1-beta2, Windows 10 x64

As far as I can see, that remote node is currently offline. Try to use node.moneroworld.com with port 18089.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: pönde on August 26, 2017, 12:07:25 PM

Monero Blockchain is now 26,4 Gb.

Block time is two minutes. The block size is at the moment about 0,35Mb. If remains this level for one year, there will be 30*24*365*0,35Mb = 91980Mb = 91,98Gb more after one year.

And the blockchain size will be 26,4Gb + 91,98Gb = 118,38Gb

Well this sure fits in one SSD. But in future there will be problems. There was some solution found to decrease block size to 1/4. There was something few pages back? I guess in this thread? Could someone find it for me? Monero Team should start implement it.

In the future there will be range proof optimizations, which should cut the size of a transaction by roughly 50%. In addition, pruning will most likely be an option in the future too.

Quote from: pönde on August 26, 2017, 12:07:25 PM

I synced my CLI wallet. I am running Ubuntu on fast SSD. First 1.100.000 blocks came in about 10 hours. Last 280.000 took about 72 hours. Is there any way to speed it up. Internet connection seemed not to be the problem.

Anyway thanks for the Team for great job! Now we enjoy the success.

Please try this to speed up the sync:

https://monero.stackexchange.com/questions/4462/my-blockchain-is-stuck-how-do-i-unstuck-it

In addition, the upcoming release will include some syncing optimizations, which should, ceterus paribus, improve the sync speed.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: ?? on ??

Hey guys I have some problems with the node that I am trying to set up.

Last week I made my monerod synchronized with the blockchain. Today, I am almost done but now it seems to stop at some point and doesn't want to synchronize anymore.

For example I have the following messages with no more progress:

Sync data returned a new top block candidate: 1384892 -> 1385053 [Your node is 161 blocks (0 days) behind]

Sync data returned a new top block candidate: 1384892 -> 1385054 [Your node is 162 blocks (0 days) behind]

Sync data returned a new top block candidate: 1384892 -> 1385055 [Your node is 163 blocks (0 days) behind]

Why is that?

Please try this:

https://monero.stackexchange.com/questions/4462/my-blockchain-is-stuck-how-do-i-unstuck-it

DStefanov

sr. member

Activity: 425

Merit: 250

I use Daemon address: node.xmrbackb.one 18081 but I can not connect.
I get the following error: Daemon Failed to Start - Please check your wallet and daemon log for errors. You can also try to start monerod.exe manually.
Where am I wrong?
Thanks!

p.s. I using monero-gui-0.10.3.1-beta2, Windows 10 x64

clixcoin

legendary

Activity: 1750

Merit: 1004

Monero's price is keep surging with small corrections this is very good because it will help a lot to sustain the market. Monero was sleeping giant after last run it went in back ground and now forceful entry in market made everyone surprise once again.

vince212

full member

Activity: 306

Merit: 100

is monero now available for trade in bithumb?

sorry i got confused with the listing since articles were written in different time zones

pönde

full member

Activity: 308

Merit: 109

Quote from: garytheasshole on August 26, 2017, 12:32:49 PM

AES is very heavy, takes serious cpu beating to verify all the blocks, probably why it's taking so long despite the fast connection.

Advanced Encryption Standard?
https://en.wikipedia.org/wiki/Advanced_Encryption_Standard

So better CPU and/or more RAM should make sync faster?

garytheasshole

full member

Activity: 406

Merit: 105

Chosŏn Minjujuŭi Inmin Konghwaguk

AES is very heavy, takes serious cpu beating to verify all the blocks, probably why it's taking so long despite the fast connection.

pönde

full member

Activity: 308

Merit: 109

Monero Blockchain is now 26,4 Gb.

Block time is two minutes. The block size is at the moment about 0,35Mb. If remains this level for one year, there will be 30*24*365*0,35Mb = 91980Mb = 91,98Gb more after one year.

And the blockchain size will be 26,4Gb + 91,98Gb = 118,38Gb

Well this sure fits in one SSD. But in future there will be problems. There was some solution found to decrease block size to 1/4. There was something few pages back? I guess in this thread? Could someone find it for me? Monero Team should start implement it.

I synced my CLI wallet. I am running Ubuntu on fast SSD. First 1.100.000 blocks came in about 10 hours. Last 280.000 took about 72 hours. Is there any way to speed it up. Internet connection seemed not to be the problem.

Anyway thanks for the Team for great job! Now we enjoy the success.

Prestoken

newbie

Activity: 13

Merit: 0

Thank you Monero

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: vince212 on August 26, 2017, 12:27:57 AM

Quote from: explorer on August 26, 2017, 12:07:18 AM

Quote from: Filmmmakerr on August 25, 2017, 11:28:23 PM

Does monero have a max market supply?

~18.4 million coins, with a (<1% annual inflation and decreasing) perpetual mining reward.

wondering why they made supply infinite.

isnt it better to have max coin supply for supply and demand.

large demand and low supply in the future.

or is there any way a coin gets burned?

Supply is infinite for many reasons, network security not the least of which. the tail emision is so small it should basically just cover lost coins. Monero is designed to actually be used in the real world it is not designed for P&D speculators. You can see that reflected in it's stability v/s the real Metric USD. Whenever the worth rises it settles to a nice parity with USD until the next rise. You can bank on it (actually that term is really outdated now as you can't trust banks!).

Quote from: Mathiau on August 26, 2017, 12:32:32 AM

So will this spike continue for a while or are we thinking new exchange, rush to buy then crash back down?

Send me 1 XMR and I will tell you. Tongue

BTW: this is a question for the speculation thread.
https://bitcointalk.org/index.php

Quote from: iloveBTCtomuch on August 26, 2017, 07:26:58 AM

Quote

Does monero have a max market supply?

Yes it does, but thanks to the non transparent blockchain it could be possible that there people printing it secretly. And it's not a theory it could have already happen before. In other words you need to trust the code and the dev's that never happens, or will be detected if it is happening.

Proof here:
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

FUD FUD and more FUD, nice try.

What your actually describing is Zcash who are responsible for spreading these lies. nice try now go away.

reffi

hero member

Activity: 770

Merit: 500

damn it... i knew it was mistake to sell 2000 monero for $4.80 last years Sad

igotek

hero member

Activity: 2170

Merit: 612

Online Security & Investment Corporation

Tutorial: How to Create Monero (XMR) Web Wallet

Tutorial: Mining Monero (XMR) with NVIDIA GPUs

Mindin

full member

Activity: 294

Merit: 100

Quote from: garytheasshole on August 26, 2017, 05:12:58 AM

Quote from: Mindin on August 26, 2017, 02:12:44 AM

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.

Claymore has a 5% dev fee, it mines for the dev on a different pool, so your miner disconnects from monero.crypto-pool.fr and starts mining for the dev elsewhere 5% of the time.

No, I'm not talking about that. I was mining and hitting a lot of shares, none of them recognized/showing up on the pool for like 5-6 min before any new shares showing at the pool. Also reported hashrate showing at the pool was WAY WAY below what it normally is for a long time.
Just stopped mining after that.

Either the pool is skimming me or someone else is.

jpouza

legendary

Activity: 2716

Merit: 1116

As a miner, thanks for the temporary price pump from 30USD to 140USD, I've put a little cpu farm to work for me, and it's now very profitable. Grin

iloveBTCtomuch

jr. member

Activity: 44

Merit: 1

Quote

Does monero have a max market supply?

Yes it does, but thanks to the non transparent blockchain it could be possible that there people printing it secretly. And it's not a theory it could have already happen before. In other words you need to trust the code and the dev's that never happens, or will be detected if it is happening.

Proof here:
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

garytheasshole

full member

Activity: 406

Merit: 105

Chosŏn Minjujuŭi Inmin Konghwaguk

Quote from: Mindin on August 26, 2017, 02:12:44 AM

Hey guys. Was poolmining a bit at https://monero.crypto-pool.fr/#

I think I was getting skimmed. Was using "Claymore CryptoNote GPU Miner v9.7 Beta - POOL"

Was looking at a lot of shares found but https://monero.crypto-pool.fr/# was telling me "Last Share Submitted" was like several min. ago. Also Reported hasrate was low.

What is going on here, is my pc infected with some skimming virus, or is https://monero.crypto-pool.fr/# just reporting the wrong info?

What do u guys think.

Claymore has a 5% dev fee, it mines for the dev on a different pool, so your miner disconnects from monero.crypto-pool.fr and starts mining for the dev elsewhere 5% of the time.

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