Topic: [XMR] Monero Speculation - page 308. (Read 3314316 times)

I would like to know what your thoughts on the git question you had posed now that we see the hash results? Are you happy with the result or would you still make an argument for ASICs in the future? I'm looking forward to a analysis of the hashrate as it progresses and a comprehensive aggregate of the probabilities of which percentage was indeed botnets as I expect they should be continuing to migrate back to the dominate chain (By which I mean the DEV supported chain).

I'd also like to congratulate you and all the Devs on a job well done.


@Price Speculations:

AFA price well thats just a can of worms that only the whales, of which there are far less crypto kings now and far more futures traders and hedgefunds, really know which way they will push this largely still unregulated market of which Monero is still just a small segment of. Monero's price seems to be pegged closer to BTC than it was before the wallstreeters jumped onboard and that has to be taken into account. We were seeing a nice split from BTC where as now it seems they are linked far more tightly and I would take a wild stab at that being the case because many people have portfolios that are carying may coins and not changing those percentages at all.

As usual these are all just complete speculations on my part and I use a crystal ball that is my brain and will not bother to aggregate any type of data to back these statements up so take them for what you paid for them.



Hey, I still have some LitecoinX on polo from 2014 or 15 I think, it's actually pretty funny seeing old greyed out delisted shit coins. It reminds me of Craptsy, coinmarket.io, CoinEX and the slew of others that went to the wayside mostly with alot of idiots funds.

BTW, I lost my phrase for NOXT so those are lost in time as well, too bad I originally had high hopes for that one. It really sucks that Rofo got screwed on Noble to the botnet scumbags, thats one reason I'd rather see them mining Monero instead of attacking weak chains of promising projects.

I'll probably just ignore all the new forks, I doubt they will end up as anything big. In fact, I'm pretty sure they'll all end up like Litecoin Cash.

We need to wait for the start of the upward trend on all major cryptocurrencies.Look at the daily chart of the main cryptocurrencies. It should show growth at least within a month.
MONERO(XMR)TOTHEMOON2018

GPU miners abandoned Cryptonight due to  the massive difficulty spike - initially thought to be botnets, and now we think it's the ASIC'S.

Price of Monero influences miners, higher price, more miners leading to higher difficulty and reducing mining profitability.

Mining hash eventually gets redistributed to balance out profitability amongst all coins.

Once the dust settles from all the forks I expect Monero price should improve - I don't think we'll see 500 though in the short term - hopefully it recovers above 200

I always thought we see 1,000 this year. at the beginning of the year I thought we could potentially see 5,000. the 5,000 figure now seems too soon. perhaps in 2019. I still believe we see 1,000 this year however.

I think it'd be crazy cool if we got to .05 btc this year.

(I COULD BE WRONG!)

Mining was mainly done by ASIC because GPUs miners rather chose other coins.   Now they are flocking back to Monero. And hash rate will soon go back to close where it was.  Those 850MH/s will just do what they want to do. They are getting replaced as we speak.

^  Whatever it is, I hope it won't fall from this level.  Honestly it almost feels like Monero will be sideways/slightly going down and avoided once the bull market kicks in again.

But whatever...  In Fluffy I trust.

Any takers on a guess for end of year XMR price in  USD & BTC?

i am watching this wedge very closely and i am sure no the only one. still a lot of sideways movement possible. i think it might resolve strongly to the upside once we are done with this correction, but i am not sure.

I think the previous mining is mainly done by the ASIC. There are still about 850MH/s mining the XMO

and what is money anyway? in time, in time

It is hard to fight the overall negative trend the crypto markets, especially for a coin like XMR which is very much a true crypto currency, and not some ICO project that is claiming to revolutionize online dating/storage/dentists/etc. For XMR, if money is flowing out of crypto we're probably losing value. Perhaps we decline less.

I'd expect the massive dumping already happened (XMR ~ 50% of last month's high)

ASIC resistance is a goal of the project - price I'd expect to be a stable growth now, without meteoric rises hopefully attracting too much speculation.

Massive drop in hash shows that all the jscript miners really haven't deployed any updates. Similar situation appears to be true with botnet miners and ASIC miners, for now.

Yea I mean hash power is not a goal it's a means to an end. The end is decentralization. We now have more of that than we did before, ergo Monero is now more secure with less hash power. That ought to be price positive I think. I don't see why it wouldn't be.

So...  most of the last version upgrade is terribly positive.  More new and important features.  A more stable and quicker IMHO GUI wallet.  Subadresses, multisig, and so on.

But the big NEWS is the tweak to render current ASICS useless.

And we are seeing the insane drop in hashrate, and crazy rise in mining profitability.   

But here in the SPECULATION thread I do not see much speculation as to what this means price wise for Monero.  I can't really figure it out myself.  So many moving parts...  So far there's been a little drop in price.  I imagine Jihan want's to revenge sell...  and he might have a warchest to do that with, though I doubt he kept more than he sold.  Then there are the forks.  Not a direct relationship, but related at least.

What do you guys think.  Way less hashpower hitting the network, yet so much more decentralized.  Web miners suddenly more profitable.

I think ASIC resistance is a positive thing for the project... but what does this do to the price?

These times will be forked on the monero coin.So it can add value to a lot of value.I am thinking of buying monero.I do the sales when Monero if the value increases.

But that is nothing to do with the weakness we were discussing

I think hard fork every 6 months will be acceptable as it gives plenty of time of warning. The recent hard for of PoW is a great success.

Removed as repost/plagiarism of old post

They are just old Monero without ledger support, without subadresses without multisignature, ....    Sole reason why they exist is to use ASIC miners that were built few months ago.