Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 58. (Read 4670972 times)
What's the point of mining XMR with GPUs ? I doubt any GPU is profitable.
Hi,
can someone explain me, how XMR prevents double spend if there is no public ledger available?
can someone explain me, how XMR prevents double spend if there is no public ledger available?
Maybe I get you wrong, but it seems like what you saying is, BTC would still be mined for 80+ years. Technically true. But in 2 month 87.5% of all BTC will be already mined.
And after another two halvings that would be 96.875%.
Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.
It is true because the Bitcoin will officially jump into its deflation phase (next decades) after the coming halving. We have been very closely to the next halving of bitcoin. I don't know what Satoshi will think of and do if he can recreate Bitcoin. Maybe another fair deflation scheme will be chosen. It will never happen so let's look at the first two halvings of bitcoin. Many bitcoin mined and unintentionally destroyed (because of its very low value during those early years), now we have too little bitcoin available for using in real situations. It is somewhat a reason to help its price rising more.And after another two halvings that would be 96.875%.
Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.
if next asic miner have more power than today(2X-3X performance) and after that more new one is more performance too(10X-20X compare today)
it make bitcoin mined faster than 80+ years?
That wouldn't matter because Bitcoin difficulty adjusts so that the average block time stays at ~10 minutes. So if mining/hashrate goes up then difficulty goes up too.
the price of BTC would have to be very high by this time. otherwise it won't be profitable.
Maybe I get you wrong, but it seems like what you saying is, BTC would still be mined for 80+ years. Technically true. But in 2 month 87.5% of all BTC will be already mined.
And after another two halvings that would be 96.875%.
Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.
It is true because the Bitcoin will officially jump into its deflation phase (next decades) after the coming halving. We have been very closely to the next halving of bitcoin. I don't know what Satoshi will think of and do if he can recreate Bitcoin. Maybe another fair deflation scheme will be chosen. It will never happen so let's look at the first two halvings of bitcoin. Many bitcoin mined and unintentionally destroyed (because of its very low value during those early years), now we have too little bitcoin available for using in real situations. It is somewhat a reason to help its price rising more.And after another two halvings that would be 96.875%.
Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.
if next asic miner have more power than today(2X-3X performance) and after that more new one is more performance too(10X-20X compare today)
it make bitcoin mined faster than 80+ years?
Maybe I get you wrong, but it seems like what you saying is, BTC would still be mined for 80+ years. Technically true. But in 2 month 87.5% of all BTC will be already mined.
And after another two halvings that would be 96.875%.
Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.
It is true because the Bitcoin will officially jump into its deflation phase (next decades) after the coming halving. We have been very closely to the next halving of bitcoin. I don't know what Satoshi will think of and do if he can recreate Bitcoin. Maybe another fair deflation scheme will be chosen. It will never happen so let's look at the first two halvings of bitcoin. Many bitcoin mined and unintentionally destroyed (because of its very low value during those early years), now we have too little bitcoin available for using in real situations. It is somewhat a reason to help its price rising more. And after another two halvings that would be 96.875%.
Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.
https://www.monerooutreach.org/stories/dandelion.html
Quote
Monero stands on its Peer To Peer (P2P) communication network. The network’s blockchain-aware computers—called nodes—share the information that powers Monero, such as node addresses, historical blockchain data, blocks as they are mined, and new transactions to be added to blocks. The nodes are identified using Internet Protocol (IP) addresses, though, exposing risk that observers can connect IP addresses to transactions, deanonymizing the data they contain. Dandelion++ is a method for hiding this connection that is planned for an upcoming Monero software release. This article describes how Dandelion++ works and what it will do for users of Monero.
Man I learned a lot more about how the P2P networks differ in BTC vs XMR by reading this that I never knew before. Excited to see if this passes the smell test for everyone when testing it out
Same, it's pretty interesting
https://www.monerooutreach.org/stories/dandelion.html
Quote
Monero stands on its Peer To Peer (P2P) communication network. The network’s blockchain-aware computers—called nodes—share the information that powers Monero, such as node addresses, historical blockchain data, blocks as they are mined, and new transactions to be added to blocks. The nodes are identified using Internet Protocol (IP) addresses, though, exposing risk that observers can connect IP addresses to transactions, deanonymizing the data they contain. Dandelion++ is a method for hiding this connection that is planned for an upcoming Monero software release. This article describes how Dandelion++ works and what it will do for users of Monero.
Man I learned a lot more about how the P2P networks differ in BTC vs XMR by reading this that I never knew before. Excited to see if this passes the smell test for everyone when testing it out
https://www.monerooutreach.org/stories/dandelion.html
Quote
Monero stands on its Peer To Peer (P2P) communication network. The network’s blockchain-aware computers—called nodes—share the information that powers Monero, such as node addresses, historical blockchain data, blocks as they are mined, and new transactions to be added to blocks. The nodes are identified using Internet Protocol (IP) addresses, though, exposing risk that observers can connect IP addresses to transactions, deanonymizing the data they contain. Dandelion++ is a method for hiding this connection that is planned for an upcoming Monero software release. This article describes how Dandelion++ works and what it will do for users of Monero.
February 29, 2020, 06:35:45 AM
Is there any article/video explaining the probabilities of getting a reward and/or profitable mining.
If you launch monerod and start mining (start_mining your_address number_of_cpu_threads) and then after a minute or two invoke stat (mining_status) it will show your hashrate and approximate amount of xmr in day, month, year.
February 29, 2020, 05:15:59 AM
Eventually all countries will mine top crypto currencies.
I am not convinced why a country would mine crypto, especially Bitcoin.
For a country it can be way more profitable to invest big in some crypto and then play with the market. As a whale it can create quite some waves and profit from them.
Because mining secure network. When a country use one currency they have huge interest that that currency is secure. Only way to secure it is with mining it. All countries will have mining farms. Not to earn profit, but to keep their economy that will use those coins secure.
If this would become true it would be a very interesting thing to see as it would unite all countries of the world and focus them on the same goal. There aren't many things left that do this today even environmental problems can't do this.
Anyone solo mining XMR and calculated/earned themselves a reward? I am interested to know if there is a real interest/incentive for solo mining via GUI after Carbon Chamaeleon update. Is there any article/video explaining the probabilities of getting a reward and/or profitable mining.
February 29, 2020, 12:37:00 AM
Has any CN project solved the CN emissions issues with the longevity of chain use? Just seems the whole plan is "we hope the value increases to compensate for lack of output" idea on all CN projects.
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
Turtlecoin (TRTL) has an emission curve of 300 years.
Haha, good one.
Proper Tail Emission is the solution.
February 28, 2020, 07:49:08 PM
Has any CN project solved the CN emissions issues with the longevity of chain use? Just seems the whole plan is "we hope the value increases to compensate for lack of output" idea on all CN projects.
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
Turtlecoin (TRTL) has an emission curve of 300 years.
Just enough time to find someone stupid enough to buy it off you
February 28, 2020, 01:48:14 PM
Eventually all countries will mine top crypto currencies.
I am not convinced why a country would mine crypto, especially Bitcoin.
For a country it can be way more profitable to invest big in some crypto and then play with the market. As a whale it can create quite some waves and profit from them.
Because mining secure network. When a country use one currency they have huge interest that that currency is secure. Only way to secure it is with mining it. All countries will have mining farms. Not to earn profit, but to keep their economy that will use those coins secure.
February 28, 2020, 09:16:44 AM
Has any CN project solved the CN emissions issues with the longevity of chain use? Just seems the whole plan is "we hope the value increases to compensate for lack of output" idea on all CN projects.
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
Turtlecoin (TRTL) has an emission curve of 300 years.
February 28, 2020, 08:01:32 AM
Thanks Andretti, far more eloquent than I.
February 28, 2020, 05:52:06 AM
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now
Maybe I get you wrong, but it seems like what you saying is, BTC would still be mined for 80+ years. Technically true. But in 2 month 87.5% of all BTC will be already mined.
And after another two halvings that would be 96.875%.
Basically for 50 of those 80 years miners would literally mine last 0.1% of Bitcoins.
February 28, 2020, 05:19:19 AM
Is Exolix is partnered with the XMR team?
Monero Devs as a Core team do not partner with anyone, once in a while they will help a project with integration.
Anyone claiming affiliations that the dev team is partnering with them is scamming.
The closest thing is Globee which is designed to be built upon the Monero Eco system and has some Dev involvement.
https://globee.com/
Ah I see, saw that and was a bit curious. Thanks for the clarification
The cooperation of Exolix and Monero is that Monero added our resource to their list of exchangers https://web.getmonero.org/community/merchants/#exchanges/. And Exolix offers to exchange Monero on our website.
Pretty simple, right? Hope this doesn't sound like a scam
If you have any questions about the work of Exolix, please ask
February 27, 2020, 10:39:21 PM
Has any CN project solved the CN emissions issues with the longevity of chain use? Just seems the whole plan is "we hope the value increases to compensate for lack of output" idea on all CN projects.
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
Seems BTC/LTC are the only chains that will survive "long term" since they would not hit any type of tail emissions until 80+ years from now when tech will hopefully allow a new generation of digital currency (or no currency at all).
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