Topic: [XMR] Monero Speculation - page 276. (Read 3314316 times)
Just a heads up Guys, it's time to buy.
I'm not a big fan of forking away from ASICs, but I think it's the only option while Bitmain has a monopoly.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
That doesn't matter at all it has be be decentralized to stay trustless. Having a trusted overlord is not acceptable either.
Egalitarian and ASICs are not diametrically opposed forever. Once ASICs become commoditized like GPUs there would be much less need to defend against the centralization ASICs can currently cause.
A big player like Samsung, or others would be useful here.
Of course theat could also mean changint eh hash to something more "standard".
Interesting thought, maybe someday but I think it will always be something like a extension (I.E. AES-NI) as opposed to a complete asic. If you add a asic to another circuit (like a phone) then it is no longer a Pure Asic. Where the line is drawn can be fuzzy like in a GPU, does having cuda (or the other thousands of instructions not specific to just displaying an image) make it no longer application specific?
Who are the genius who decided to fork the POW algo?
I applaud said genius (which was the community by the way) because when they forked the ASIC's to the curb the profitability went from a paltry $0.56 per kHs to the current $1.18 kH/s. Even with the depressed price it is still double the profitability.
https://bitinfocharts.com/comparison/monero-mining_profitability.html#3m
https://bitinfocharts.com/monero
I think monero will have a better run this year than last year and i hope my investment on it will be worthy for my money. I believe in monero because of its usage and popularity and i speculate that it will reach 500$ this year.
if it only reaches 500 wouldn’t that mean it didn’t have as good a run?
How much is Monero now? What % increase would it have then to reach $500. What do you think? Is that a good run or not? Probably it depends of person. LOL Ask your neighbours what do they think.
Considering most normal people think in the context of stock markets and could relate to a "good run" being 10-15% for the year in their 401(k)'s; people would be absolutely dumbfounded why you would even ask if a +200% ROI in a year is a "good run". Cryptocurrency markets hardly make sense to me still to this day.
Yes I would understand that once Monero will be $500, there will be some people not happy with the price, since out of 100000 shitcoins there will always be one that will outperform. But now when price is 3 times lower. How could you not be happy with 3 times increase of your wealth. Is just not a question at all.
It is better let the price find a realistic point from where the community is able to absorb the coins.
Personally I am not quit supporting Monero but I am not a buyer at the moment neither since I do not see it realistic to be able to absorb the emitted the coins
Personally I am not quit supporting Monero but I am not a buyer at the moment neither since I do not see it realistic to be able to absorb the emitted the coins
So what are people implying here?
That's ASIC owners were also the coin pumpers and manipulators?
That's ASIC owners were also the coin pumpers and manipulators?
Some points:
- Hashrate was DOMINATED by "unknown" players last year and up to the HF.
- This was often attributed to botnets.
- 2 manufacturers produced CN ASICS around the time of this increase
- The moment the hashing alg was changed >60% hashrate disappeared.
- Three versions of the old chain were created (XMC, XMO, XMsomethingelse)
- Much of the displaced hashrate seemed to go to these chains.
It has been suggested that tBitmain created the ASICS, burned them in for a while (what? 6 months? lol) And thten put them on the market.
It has been suggested that Bitmain (or some other ASIC manufacturer) created one or more of the "classic" chains to continue to be mined by ASICS.
It seems Zooko met with Jihan Wu and determined by feels that Jihan had nothing to do with the extra hashrate or the forks.
I think monero will have a better run this year than last year and i hope my investment on it will be worthy for my money. I believe in monero because of its usage and popularity and i speculate that it will reach 500$ this year.
if it only reaches 500 wouldn’t that mean it didn’t have as good a run?
How much is Monero now? What % increase would it have then to reach $500. What do you think? Is that a good run or not? Probably it depends of person. LOL Ask your neighbours what do they think.
Considering most normal people think in the context of stock markets and could relate to a "good run" being 10-15% for the year in their 401(k)'s; people would be absolutely dumbfounded why you would even ask if a +200% ROI in a year is a "good run". Cryptocurrency markets hardly make sense to me still to this day.
I think monero will have a better run this year than last year and i hope my investment on it will be worthy for my money. I believe in monero because of its usage and popularity and i speculate that it will reach 500$ this year.
if it only reaches 500 wouldn’t that mean it didn’t have as good a run?
How much is Monero now? What % increase would it have then to reach $500. What do you think? Is that a good run or not? Probably it depends of person. LOL Ask your neighbours what do they think.
I think monero will have a better run this year than last year and i hope my investment on it will be worthy for my money. I believe in monero because of its usage and popularity and i speculate that it will reach 500$ this year.
if it only reaches 500 wouldn’t that mean it didn’t have as good a run?
So what are people implying here?
That's ASIC owners were also the coin pumpers and manipulators?
That's ASIC owners were also the coin pumpers and manipulators?
No, more like that if they can mine 10 times more then any other miner fro same electricity cost they will push out all other miners. They coin lose support. And ofcourse is super vulnerable to 51% attacks.
So what are people implying here?
That's ASIC owners were also the coin pumpers and manipulators?
That's ASIC owners were also the coin pumpers and manipulators?
I think monero will have a better run this year than last year and i hope my investment on it will be worthy for my money. I believe in monero because of its usage and popularity and i speculate that it will reach 500$ this year.
I'm not a big fan of forking away from ASICs, but I think it's the only option while Bitmain has a monopoly.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
"egalitarian" is a fundamental philosophical principal. Monero must be ASIC-resistant forever. I have to ask devs - whether it is possible to include timestamp dependencies directly into PoW algorithm? Or in general, could PoW entangle some bits from the outer world, that ASIC to stay impossible without regular forks (typically twice a year) to make ASIC impossible?
Egalitarian and ASICs are not diametrically opposed forever. Once ASICs become commoditized like GPUs there would be much less need to defend against the centralization ASICs can currently cause.
A big player like Samsung, or others would be useful here.
Of course theat could also mean changint eh hash to something more "standard".
I'm not a big fan of forking away from ASICs, but I think it's the only option while Bitmain has a monopoly.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
But Zooko has looked into Jihan's heart and seen the light and love!
https://forum.z.cash/t/so-i-had-a-videochat-with-jihan-wu/29379
Quote
I said that a large fraction — maybe 60% or so — of the XMR hashrate had disappeared from XMR and switched to XMO, and asked if that was Bitmain’s mining operation. He immediately replied “No, it was not us. We released the Monero miner right after the samples.”
For what it is worth, I didn’t get the feeling that he was lying about this. I felt like he was telling the truth. I asked him again if they had been doing any Monero mining with ASICs, because it really seemed like someone must have been, and he said something like that he saw the theory that there was a large-scale stealth ASIC miner, and that he hadn’t had time to look into it to tell if it was real or just a hypothesis, but that in any case it wasn’t them. Again, he sounded sincere to me.
For what it is worth, I didn’t get the feeling that he was lying about this. I felt like he was telling the truth. I asked him again if they had been doing any Monero mining with ASICs, because it really seemed like someone must have been, and he said something like that he saw the theory that there was a large-scale stealth ASIC miner, and that he hadn’t had time to look into it to tell if it was real or just a hypothesis, but that in any case it wasn’t them. Again, he sounded sincere to me.
I went long on XMR because I think that the weekly supppet which was tested multiples times will end up holding. The suppprt is in the $150 area or so. This is basically the exact same setup as Litecoin but in the $110 range.
I believe that we will at least retest the descending wedge and I will take partial profits there and hold incase it ends up breaking when FOMO is activated and it ends up going to like $500 later in the year.
I believe that we will at least retest the descending wedge and I will take partial profits there and hold incase it ends up breaking when FOMO is activated and it ends up going to like $500 later in the year.
anyone of you guys think we hit the bottom regarding btc value of xmr?
If one answers why altcoins (I've checked XMR,ZEC,Dash) fall against BTC last days, while BTC itself in flat or Bart's head?
I'm not a big fan of forking away from ASICs, but I think it's the only option while Bitmain has a monopoly.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
"egalitarian" is a fundamental philosophical principal. Monero must be ASIC-resistant forever. I have to ask devs - whether it is possible to include timestamp dependencies directly into PoW algorithm? Or in general, could PoW entangle some bits from the outer world, that ASIC to stay impossible without regular forks (typically twice a year) to make ASIC impossible?
anyone of you guys think we hit the bottom regarding btc value of xmr?
I'm not a big fan of forking away from ASICs, but I think it's the only option while Bitmain has a monopoly.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
Overall the change in mining algorithm was a really good call. I actually remember most talks before was about bot mining. Now is obvious why. Asic miners owners were pushing that agenda that bot miners are controlling most of hash power. I pretty much believed them.
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