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Topic: [XMR] Monero Speculation - page 1234. (Read 3314316 times)

legendary
Activity: 1456
Merit: 1000
July 21, 2016, 06:51:56 PM
how come i was trolling if my answer was similiar to those answer above Huh

Monero is so unprofitable to mine for the average Joe that I believe 90% are botnets.. Sad...


It seems you are wrong and is quite profitable to mine.

There are a lot of different measures of value for a coin like XMR. There is the current value in btc on exchanges, there is the hopium value, supported by assorted conjectures and beliefs wrt the relationship between features (like a new GUI) and price, there is the ideological view of value, usually supported by assertions and beliefs wrt features a coin provides (like anonymity) and their perceived effect on future adoption and then there is the real value, which is somewhere just above the cost of producing a coin.

I mine, but not monero. I asked because I was curious how closely the exchange value in btc approaches the cost of mining at this time.

well, the most efficient way to mine is probably the 750 ti.

At current network difficulty, thats 0.09 xmr / day.

The card pulls ~33 watts.

At a rate of 12 cents / kWh, thats $0.09504 per day.

so if any of the math works, thats roughly 95 cents per xmr. So right now its very profitable to mine, if hardware is all paid for.

$0.095 per day on a single card, so a 100 card farm would make $9/day Smiley Just go outside and sell lemonade, you'll make more.

Monero is run by botnets, period. I can account for 11MH/s (almost 50% of total net hash)  spread across 17 wallets of pure botnet power (got proof, willing to share for 1btc escrow).

stop making accusation already, we all know that all monero miner are honest law abiding citizen and they also has alot of clue how to mine monero with utmost efficiency and prifitabitily. 

if still accusing like that, what else will u say, that monero ppl make botnet then Huh  pls stop this nonsensical accusation !!!   monero is highly profitable and there is no botnet mining monero, its all legit miner with awesome expertise in mining technology.  Tongue
legendary
Activity: 2744
Merit: 1288
July 21, 2016, 04:59:34 PM
It is highly secure network. 100 cards and almost nothing.

I wouldn't be surprised if XMR gets its own "attacker". If botnet operators get together (these guys keep in touch via one Chinese forum) they could easily wreak havoc - double spend or worse...

I've never heard core devs mention possibility of PoW algo change... Make 16GB RAM a requirement and 80%+ of botnets (low spec machines in latin america, china and russia) will be gone forever...

Miners secure the network. Their motivation is to get secure coins for a reward that they get to keep network secure.

To get coins of an unsecure network would demotivate them and would stop to mine.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
July 21, 2016, 04:42:50 PM
lol primer- ragequit  Shocked

Poor guy, sorry you can't get as much free money as you used to :'[

Trying to stay on topic, I'm expecting BTC to move up over 700 at least and XMR to fall back under 0.0025 in the next week or so.

I still expect BTC to be supported @666 from china and see xmr taper off for awhile before the next bull run. I would guess absolute floor before next run being .0018. So weird using period after numbers to end sentence, english is so illogical.

Primer are you trying to buy back in? I heard TrueTroll has some to lend you.
legendary
Activity: 981
Merit: 1005
No maps for these territories
July 21, 2016, 04:35:16 PM
It is highly secure network. 100 cards and almost nothing.

I wouldn't be surprised if XMR gets its own "attacker". If botnet operators get together (these guys keep in touch via one Chinese forum) they could easily wreak havoc - double spend or worse...

I've never heard core devs mention possibility of PoW algo change... Make 16GB RAM a requirement and 80%+ of botnets (low spec machines in latin america, china and russia) will be gone forever...

LOL, such a funny crying duck!

If they do this to help you get your free lunch, the attack would be one or two magnitudes easier to achieve.
full member
Activity: 211
Merit: 100
July 21, 2016, 01:31:55 PM
It is highly secure network. 100 cards and almost nothing.

I wouldn't be surprised if XMR gets its own "attacker". If botnet operators get together (these guys keep in touch via one Chinese forum) they could easily wreak havoc - double spend or worse...

I've never heard core devs mention possibility of PoW algo change... Make 16GB RAM a requirement and 80%+ of botnets (low spec machines in latin america, china and russia) will be gone forever...

I don't think it is in the best interest of all of us to limit botnets - except for you perhaps. Monero is build to be ASIC resistant because we want to make it impossible for single entity or a cartel with enough money to build hardware to own the network.
Botnets can not collude easily because they are in fact illegal and have to hide from public. As monero grows more international and well known, some chinese botnet operators on your local irc channel will form only a tiny but important fraction - in fact it is not only more decentralized but a cheaper way of transaction processing (perhaps even more eco friendly because botnets use otherwise unused resources)
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 21, 2016, 12:29:27 PM
It is highly secure network. 100 cards and almost nothing.

That's awesome.

The issue of fraud compatibility has created an Ethereum Civil War.

https://bitcointalksearch.org/topic/m.15660758
https://bitcointalksearch.org/topic/ann-etc-ethereum-classic-immutable-smart-contracts-1559630

It's good to know Monero, specifically in terms of network strength, is structurally incompatible with fraud.   Cool



BTW primer, nice whiny ragequit.   Cheesy
legendary
Activity: 1456
Merit: 1000
July 21, 2016, 12:11:35 PM
It is highly secure network. 100 cards and almost nothing.

I wouldn't be surprised if XMR gets its own "attacker". If botnet operators get together (these guys keep in touch via one Chinese forum) they could easily wreak havoc - double spend or worse...

I've never heard core devs mention possibility of PoW algo change... Make 16GB RAM a requirement and 80%+ of botnets (low spec machines in latin america, china and russia) will be gone forever...

nonsensical theory, and racist, monero ppl are not racist and never insult other based of race, sex, gender neither of hair color.  

btw...

anyone here smart money, moving into dash due to these news Huh https://twitter.com/officialmcafee/status/755909816766205952
legendary
Activity: 1092
Merit: 1000
July 21, 2016, 11:41:09 AM
It is highly secure network. 100 cards and almost nothing.

I wouldn't be surprised if XMR gets its own "attacker". If botnet operators get together (these guys keep in touch via one Chinese forum) they could easily wreak havoc - double spend or worse...

I've never heard core devs mention possibility of PoW algo change... Make 16GB RAM a requirement and 80%+ of botnets (low spec machines in latin america, china and russia) will be gone forever...
member
Activity: 108
Merit: 10
July 21, 2016, 10:47:45 AM
lol primer- ragequit  Shocked

Poor guy, sorry you can't get as much free money as you used to :'[

Trying to stay on topic, I'm expecting BTC to move up over 700 at least and XMR to fall back under 0.0025 in the next week or so.

id be shocked. i feel as if I'm buying at a discount around 1.75-1.80
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
July 21, 2016, 10:37:14 AM
lol primer- ragequit  Shocked

Poor guy, sorry you can't get as much free money as you used to :'[

Trying to stay on topic, I'm expecting BTC to move up over 700 at least and XMR to fall back under 0.0025 in the next week or so.

Very doubtful.  XMRUSD is too cheap in that scenario.
legendary
Activity: 3164
Merit: 1118
July 21, 2016, 10:24:01 AM
lol primer- ragequit  Shocked

Poor guy, sorry you can't get as much free money as you used to :'[

Trying to stay on topic, I'm expecting BTC to move up over 700 at least and XMR to fall back under 0.0025 in the next week or so.
legendary
Activity: 2744
Merit: 1288
July 21, 2016, 09:52:50 AM
It is highly secure network. 100 cards and almost nothing.
legendary
Activity: 1092
Merit: 1000
July 21, 2016, 08:03:41 AM
Please botnet admins, move on to some other coin, you are killing my profits... Go back to mining ETH or whatever you were mining before 30. June....

Current difficulty : 2915731376
100 card farm brings in a profit of $9/day
1,000 card farm - $90

No one sane other than botnets mines this shitcoin... I'm shutting down mining on my company cluster on 1. Sept, adding some cpu intensive apps, mining is not going to cut it anymore so - GTFO botnets NOW!!
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
July 20, 2016, 09:06:46 PM
how many new coins are being mined per day?

8200, or about 22 BTC worth at market.  About 1% of the daily exchange volume.
member
Activity: 95
Merit: 10
July 20, 2016, 06:24:19 PM
how many new coins are being mined per day?

~learning~

https://docs.google.com/spreadsheets/d/1qXi7zUSIh7F6UuSuhOryyFbHEy_LJuym3I3neAga_2s/edit

Should be arround 0.06517% inflaction, 8 152.74 XMR dayly
member
Activity: 108
Merit: 10
July 20, 2016, 06:16:54 PM
how many new coins are being mined per day?

~learning~
legendary
Activity: 981
Merit: 1005
No maps for these territories
July 20, 2016, 04:19:45 PM
Indeed, I'm seeing XMR at 0019 soon.


legendary
Activity: 1316
Merit: 1014
ex uno plures
July 20, 2016, 02:48:20 PM
Very bearish post.

I thought it sounded quite positive.

TC is commenting on the pattern of the price declining when Aminorex makes bullish posts.

XMR was ~ .001 not too long ago and there was empty space below. Can't see you fellas letting it go back there.
hero member
Activity: 795
Merit: 514
July 20, 2016, 01:47:10 PM
Very bearish post.

I thought it sounded quite positive.

TC is commenting on the pattern of the price declining when Aminorex makes bullish posts.
legendary
Activity: 1316
Merit: 1014
ex uno plures
July 20, 2016, 01:40:23 PM
Very bearish post.

I thought it sounded quite positive.
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