[XMR] Monero Speculation - page 154.

cAPSLOCK

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Quote from: Hueristic on June 13, 2019, 03:46:30 PM

Repost what it was.

I think I said something like:

"Look at them bollinger bands, yo!"

They were starting to look like chopsticks going after a gain of rice. And now we are seeing a move... So yeah... quality TA? Not so much, but at least relevant.

But BTC dominates and it's making the XMR/BTC drop a little as people fomo into the rising Bitcoin price.

The question here is ifquality ALTs die on the vine, or if they follow in LTC's footsteps and the bluechip alts actually catch some wind here... If not that was a headfake and the bollinger bands tightening is resolving in that big move down.

cAPSLOCK

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Quote from: ?? on ??

A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm, to no avail.

Why this time should it be different?

Monero is taking a novel approach with the idea of RandomX. I believe the plan is if this is not successful as countermeasures that we give up and just go SHA-3 or something.

Millionero

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Quote from: ?? on ??

A shitload of altcoins have tried to find an ASIC-resistant hashing algorithm

can you name two or three such coins, besides Monori?

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: ?? on ??

info isn't the boss of all the shitposting threds
ah ok you got it lol
mods delete

Reported.

j/k

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: cAPSLOCK on June 13, 2019, 02:43:52 PM

You know it's irritating.

I posted something in this thread that was actually geared to speculation. It was kinda cryptic and possibly worded in a silly way.

My post centered on the state of the bollinger bands. I posted it last Friday, and behold we might be seeing the beginning of a big move one way or the other...

And yet, my post did not meet the requirements of some jerkass mod?

Quote

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Whatever... why actually try to even pretend to bring the sort of content that the thread is about???

I'll just go shitpost on twitter.

WTF??? I didn't even think mods bothered in here. I thought that was the deal and why this is the one thread you can shitpost in?

I doubt Info popped you unless it was a mistake in a cleanup.

Don't even think about not posting in here, there are to few not on ignore as it is! Cheesy

^^^--- Hah, I thought this was posted in the WO thread. DOH.

Repost what it was.

Edit: Ohh yeah...Ummm the price is up right?

Seriously though, repost it. It's not your fault if they didn't pick up on it and they are human and make mistakes. It's not like this is a common occurrence is it?

bitcoinvest

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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

Quote from: cAPSLOCK on June 13, 2019, 08:34:08 AM

Quote from: bitcoinvest on June 13, 2019, 02:51:27 AM

you help please,

does it means that we can mine monero with ASIC miners?
I used to mine with GPU's until last year, and i have some asic waiting.
Or can someone please inform what changed or will change with simple words.

thanks

The Monero dev team is trying to make it difficult to build a working ASIC for Monero. They want Monero to be mined with CPUs. This is meant to avoid mining centralization.

Thanks so much for the simple explaination...
So this means that CPUs will be better from GPUs ? And will be available to more users of course yes?

Febo

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Quote from: qwizzie on June 12, 2019, 10:35:36 AM

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

It is a very good news for GPU miners since ASICs miners producers will have less chance for making a secret miner.

Quote from: Globb0 on June 12, 2019, 11:56:13 AM

Bot nets that is so 00's

The best post. Botnets are computers running Windows XP. How much hash power have such computer compared to today's CPUs and GPUs. Almost none. Botnets today are subject that only troll son bitcointalk bother with.

cAPSLOCK

legendary

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Note the unconventional cAPITALIZATION!

You know it's irritating.

I posted something in this thread that was actually geared to speculation. It was kinda cryptic and possibly worded in a silly way.

My post centered on the state of the bollinger bands. I posted it last Friday, and behold we might be seeing the beginning of a big move one way or the other...

And yet, my post did not meet the requirements of some jerkass mod?

Quote

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Whatever... why actually try to even pretend to bring the sort of content that the thread is about???

I'll just go shitpost on twitter.

Shnikes101

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Quote from: cAPSLOCK on June 13, 2019, 01:08:27 PM

Quote from: cAPSLOCK on June 13, 2019, 08:52:16 AM

Is it a headfake or not?

This is ~1.5 months on the daily.

This is still trying to break up. I think what bitcoin does is going to have a big effect on the direction this goes.

The next 24 hours are critical.

Is it true?

Where's my prayer hands emjoi when I need it...

cAPSLOCK

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Quote from: cAPSLOCK on June 13, 2019, 08:52:16 AM

Is it a headfake or not?

This is ~1.5 months on the daily.

This is still trying to break up. I think what bitcoin does is going to have a big effect on the direction this goes.

The next 24 hours are critical.

Is it true?

GingerAle

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Quote from: qwizzie on June 12, 2019, 11:08:06 AM

Quote from: Hueristic on June 12, 2019, 10:53:58 AM

Quote from: qwizzie on June 12, 2019, 10:35:36 AM

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

[img witdh=20]https://i.imgur.com/Lcoyf4Z.jpg[/img]

Quote

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.

snip image

The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart

Actually, botnets *do* have the best interest of the network at heart. They are profit driven. They need the network to work in order for them to make money. Actually, they don't have any interest in the network, which is the best kind of interest. They want the network to keep working so they can make money.

Quote

like normal miners do.

Oh you mean like the selfish mining that has and will continue to occur on the bitcoin network? Empty blocks anyone? SPV mining? Those were fun.

Quote

Miners in general behave in a way thats beneficiary for them and do not hurt their network. Botnets basicly change miner behaviour from
honest mining to selfish mining. I prefer honest mining (Bitcoin) over selfish mining (Botnet-Driven Network) any day.

Bitcoin mining has not been honest and is predicted to devolve into chaos for the chain. , but thats due to a combination of selfish miners and a lack of block reward.

Quote

Then one has to wonder if this will all be for nothing anyways, this struggle against the natural evolution of mining (ASIC).
Just my two cents on the matter...

Evolution, exactly. Adapt or die. This is software. Software is free. Hardware is not. Hardware is shackled to the physical, software is free to roam the universe on beams of light. Monero is software. If Monero doesn't adapt it will die, just as bitcoin (in my opinion, obviously not a popular one around these parts, but for some reason people like their dystopian surveillance chain).

And obviously I'm not condoning botnets... I'm just saying that its absurd to cast them as harmful for the network when they are anything but. ASICs on the other hand....

cAPSLOCK

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Is it a headfake or not?

This is ~1.5 months on the daily.

NeuroticFish

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Quote from: bitcoinvest on June 13, 2019, 02:51:27 AM

and i have some asic waiting

If you have ASIC at home, you better check what algorithm is it designed for. An ASIC can't just mine anything that's "ASIC friendly", it can mine only certain algorithm.

cAPSLOCK

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Quote from: bitcoinvest on June 13, 2019, 02:51:27 AM

you help please,

does it means that we can mine monero with ASIC miners?
I used to mine with GPU's until last year, and i have some asic waiting.
Or can someone please inform what changed or will change with simple words.

thanks

The Monero dev team is trying to make it difficult to build a working ASIC for Monero. They want Monero to be mined with CPUs. This is meant to avoid mining centralization.

bitcoinvest

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Activity: 1124

Merit: 1000

13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

you help please,

does it means that we can mine monero with ASIC miners?
I used to mine with GPU's until last year, and i have some asic waiting.
Or can someone please inform what changed or will change with simple words.

thanks

Globb0

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Free spirit

Bot nets that is so 00's

generalizethis

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Facts are more efficient than fud

Quote from: qwizzie on June 12, 2019, 11:08:06 AM

Quote from: Hueristic on June 12, 2019, 10:53:58 AM

Quote from: qwizzie on June 12, 2019, 10:35:36 AM

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

[img witdh=20]https://i.imgur.com/Lcoyf4Z.jpg[/img]

Quote

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.

The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart like normal miners do.
Miners in general behave in a way thats beneficiary for them and do not hurt their network. Botnets basicly change miner behaviour from
honest mining to selfish mining. I prefer honest mining (Bitcoin) over selfish mining (Botnet-Driven Network) any day.

Then one has to wonder if this will all be for nothing anyways, this fight against the natural evolution of mining (ASIC).

It doesn't matter what miners believe or want, the real threat is that due to the economy of scales, asic farms centralize to regions to where electricity and hardware is cheapest. That region right now is China--does anyone really think that if China's government sees cryptocurrencies as a threat they won't seize operations and destabilize networks? I know people are being chimerical because they can't do anything about the threat, but sticking your head in the sand doesn't diminish the threat. Unless you can make electricity and hardware the same costs the world over, this threat will remain in regards to asics. At the very least we know botnetminers do their best to remain off the grid as that is in their best interest, and while could see states engaging in botnetmining to take control of asic resistant coins, that's more a product of coding, so no one really has a monopoly.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: qwizzie on June 12, 2019, 11:08:06 AM

Quote from: Hueristic on June 12, 2019, 10:53:58 AM

Quote from: qwizzie on June 12, 2019, 10:35:36 AM

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

[img witdh=20]https://i.imgur.com/Lcoyf4Z.jpg[/img]

Quote

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.

The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart like normal miners do.
Miners in general behave in a way thats beneficiary for them and do not hurt their network. Botnets basicly change miner behaviour from
honest mining to selfish mining. I prefer honest mining (Bitcoin) over selfish mining (Botnet-Driven Network) any day.

Then one has to wonder if this will all be for nothing anyways, this fight against the natural evolution of mining (ASIC).

According to Satoshi the profit motive is the only incentive that matters.

everything else is noise.

qwizzie

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Quote from: Hueristic on June 12, 2019, 10:53:58 AM

Quote from: qwizzie on June 12, 2019, 10:35:36 AM

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

[img witdh=20]https://i.imgur.com/Lcoyf4Z.jpg[/img]

Quote

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.

The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart like normal miners do.
Miners in general behave in a way thats beneficiary for them and do not hurt their network. Botnets basicly change miner behaviour from
honest mining to selfish mining. I prefer honest mining (Bitcoin) over selfish mining (Botnet-Driven Network) any day.

Then one has to wonder if this will all be for nothing anyways, this struggle against the natural evolution of mining (ASIC).
Just my two cents on the matter...

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: qwizzie on June 12, 2019, 10:35:36 AM

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

Quote

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.

Topic: [XMR] Monero Speculation - page 154. (Read 3313076 times)