[XMR] Monero Speculation - page 155.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

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

legendary

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

legendary

Activity: 2702

Merit: 2053

Free spirit

Bot nets that is so 00's

generalizethis

legendary

Activity: 1750

Merit: 1036

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

legendary

Activity: 3836

Merit: 4969

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

legendary

Activity: 2548

Merit: 1245

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.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

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 ?

This has been a topic for years for Monero. The more ethics neutral / anarchist side of the argument is Botnets secure the network, period.

But I also think there are other aspects that can be considered, such as Monero mining scripts instead of paywalls.

Anyway, it's all a big experiment, yes?

qwizzie

legendary

Activity: 2548

Merit: 1245

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 ?
I'm speculating it does not.

BuHoBeH

full member

Activity: 640

Merit: 103

Need to mine or buy and HOLD XMR over long distances

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: bitcon on June 10, 2019, 02:07:57 PM

Quote from: cAPSLOCK on June 06, 2019, 06:19:26 PM

Quote from: Febo on June 05, 2019, 06:16:54 PM

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins. Monero transactions take ~ 5.23x more space than Bitcoin transactions If we take 20% off we get 4.2x I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon. I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

Actually in 2016 Monero was the best runner. If 2019 is new 2015, then 2020 will be Monero 2016 over again.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: bitcon on June 10, 2019, 02:07:57 PM

Quote from: cAPSLOCK on June 06, 2019, 06:19:26 PM

Quote from: Febo on June 05, 2019, 06:16:54 PM

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins. Monero transactions take ~ 5.23x more space than Bitcoin transactions If we take 20% off we get 4.2x I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon. I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

Well that's quite specific, any reason why?

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: cAPSLOCK on June 06, 2019, 06:19:26 PM

Quote from: Febo on June 05, 2019, 06:16:54 PM

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins. Monero transactions take ~ 5.23x more space than Bitcoin transactions If we take 20% off we get 4.2x I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon. I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

joroz

member

Activity: 62

Merit: 14

Quote from: ?? on ??

I miss aminorex.

I wish he will come back.

You can get your fix here.

https://mobile.twitter.com/aminorex

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

I don't mind. I'm glad someone cares about the core issues. Ease of integration, reuse and standardisation.

We need plugging into Monero to be easy. For all.

This is the real deal for integration and utilisation.

Thank you Woodser!

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Globb0 on June 08, 2019, 04:13:31 AM

Why Im not worrying, this guy is my new hero (woodser)

https://youtu.be/TEWloLhVHWQ?t=2801

Who is who in that video?

There should be a list in the summary.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Why Im not worrying, this guy is my new hero (woodser)

https://youtu.be/TEWloLhVHWQ?t=2801

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Febo on June 05, 2019, 06:16:54 PM

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins. Monero transactions take ~ 5.23x more space than Bitcoin transactions If we take 20% off we get 4.2x I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon. I doubt Monero ever catches up.

What is important is Monero KEEPS up.

Febo

legendary

Activity: 2744

Merit: 1288

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins. Monero transactions take ~ 5.23x more space than Bitcoin transactions If we take 20% off we get 4.2x I wonder where is limit. How close to bitcoin will we eventually get.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: smooth on June 05, 2019, 02:18:18 AM

Quote from: cAPSLOCK on June 04, 2019, 10:13:22 PM

Quote from: smooth on June 04, 2019, 07:43:08 PM

Quote from: Febo on June 04, 2019, 11:59:42 AM

Quote from: Hueristic on June 03, 2019, 06:00:39 PM

Quote from: BuHoBeH on June 03, 2019, 05:58:45 PM

When will the monero come back to the top 10?

Looks like it might drop to the bottom ten!

Yup with this https://eprint.iacr.org/2019/654 Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

What about the idea of integrating Microsoft's (lol) ZK techniques? That is a thing too, yes?

Longer term potentially. This new CLSAG is about ready to deploy now, pending code and cryptography audits.

That should be enough for M$ to co-op the tech and bundle in into win 11, no need for ZK.

Monero could be the next Stacker!
Windows integrated DBLMonero!

Topic: [XMR] Monero Speculation - page 155. (Read 3314350 times)