[XMR] Monero - A secure, private, untraceable cryptocurrency

[DiCE1904]

Dont forget to check out XMR's i2p project: https://github.com/monero-project/kovri

[phoenix rises]

Kraken is great news but it's a shame they messed up their blog post and are talking about the HF being on 5th January. I emailed them to correct this, and got automated response (may take 48hrs to get back etc), but perhaps one of the devs who is in direct contact with them can give them a nudge and get it corrected as soon as possible   

[nioc]

Yes the hardfork is at block 1220516 and because of the mining difficulty changing rapidly at times over the last couple of months, the estimated time for the hardfork has changed and is now early on the 10th.

[nioc]

monero.xminingpool.com/ is reliable to mine in? or what is the best pool with lowest fee (1% or less) that allows high ping from america or has low ping for america

I would definitely stay away from that xminingpool. 

As far as ping you can check for yourself.

2 pools in the US are moneroworld.com and monerohash.com and both list some other pools.  There is also an incomplete list on the first page of this thread.

the minmum withdrawl for one of those is 1XMR I guess if there is any with a modifiable withdrawl amount

Moneroworld recently changed their payout from 1 to 0.3 so it's now the same as monerohash.  Most pools are 0.5 but you can easily check the particulars of each pool on their sites.

The network HR is now at an ATH of well over 50MH/s and will only increase from here.

[phoenix rises]

Yes the hardfork is at block 1220516 and because of the mining difficulty changing rapidly at times over the last couple of months, the estimated time for the hardfork has changed and is now early on the 10th.

Thanks nioc, I have forwarded this (knew rough time but not exact block). One would hope they actually have a clue about this and the blog was written in haste by a PR guy. Does he even crypto ?? 

[bitcampaign]

In other news Kraken takes on XMR:

http://blog.kraken.com/post/155126375697/kraken-launches-monero-trading

that's great news, I think it might be to boost the popularity monero future

[ocminer]

monero.xminingpool.com/ is reliable to mine in? or what is the best pool with lowest fee (1% or less) that allows high ping from america or has low ping for america

I would definitely stay away from that xminingpool. 

As far as ping you can check for yourself.

2 pools in the US are moneroworld.com and monerohash.com and both list some other pools.  There is also an incomplete list on the first page of this thread.

the minmum withdrawl for one of those is 1XMR I guess if there is any with a modifiable withdrawl amount

Moneroworld recently changed their payout from 1 to 0.3 so it's now the same as monerohash.  Most pools are 0.5 but you can easily check the particulars of each pool on their sites.

The network HR is now at an ATH of well over 50MH/s and will only increase from here.

You might want to check your ping to https://xmr.suprnova.cc as well, it's usually not too bad from the US, if necessary I can also add a dedicated US/CN node

[phoenix rises]

Yes the hardfork is at block 1220516 and because of the mining difficulty changing rapidly at times over the last couple of months, the estimated time for the hardfork has changed and is now early on the 10th.

Thanks nioc, I have forwarded this (knew rough time but not exact block). One would hope they actually have a clue about this and the blog was written in haste by a PR guy. Does he even crypto ?? 

They replied and it's all sorted, blog updated now 

[harmani21]

WARNING TO ALL INVESTORS TO ABANDON SHIP OF MONERO BECAUSE DASH IS ADOPTING RING SIGNATURES AS A SECOND OPTION OF PRIVACY BESIDE DARKSEND!!The only thing i like of monero fraud alphabay high yeilding investment for noobs is that is driving the ceiling of marketcap for dash to overtake to higher level ...let it be when the dash masternodes become the first privacy coin and most profitable way .
ABUNDANCE TO ALL INVESTORS AND PROSPERITY FOR THE NEW YEAR 2017!!!!

[c789]

What does the expected hard fork on 5th means? Price is going up or down?

A hardfork of a coin shouldn't impact the price of any coin. It's not related to price. On the other hand, as we've seen from stock markets and coin markets, very often the price changes due to events that shouldn't impact the price at all. So, the hardfork shouldn't affect the price, but there's a small chance it will. If the price changes it will almost certainly be due to other factors (release and adoption of GUI, pools decreasing minimum payout, more markets in more countries using XMR, etc.).

[GreekBitcoin]

WARNING TO ALL INVESTORS TO ABANDON SHIP OF MONERO BECAUSE DASH IS ADOPTING RING SIGNATURES AS A SECOND OPTION OF PRIVACY BESIDE DARKSEND!!The only thing i like of monero fraud alphabay high yeilding investment for noobs is that is driving the ceiling of marketcap for dash to overtake to higher level ...let it be when the dash masternodes become the first privacy coin and most profitable way .
ABUNDANCE TO ALL INVESTORS AND PROSPERITY FOR THE NEW YEAR 2017!!!!

Again? I thought DASH (then darkcoin) was adopting ring signatures back in 2014 as Evan had said...

[samuraijin]

glad to hear monero added at trading site kraken, I think it will keep a lot of sites that add monero trade, at least I did not hesitate to hold the bag for monero

[kurious]

WARNING TO ALL INVESTORS TO ABANDON SHIP OF MONERO BECAUSE DASH IS ADOPTING RING SIGNATURES AS A SECOND OPTION OF PRIVACY BESIDE DARKSEND!!The only thing i like of monero fraud alphabay high yeilding investment for noobs is that is driving the ceiling of marketcap for dash to overtake to higher level ...let it be when the dash masternodes become the first privacy coin and most profitable way .
ABUNDANCE TO ALL INVESTORS AND PROSPERITY FOR THE NEW YEAR 2017!!!!

Haha! Dasheads...  Lol!

[kamikaza]

Want to wish the monero community a happy new year! that we may prosper!

great to hear the news about kraken!



ps: you can make my 2017 prosperous with a donation

43kJKSk8x5qdkXcAadVLN3ZjJF3sfSDcUGarQhZGmvHcXdGS1pfi2EJby64uifsonSMP1mGiwg2iWH5 kYRoMd4NFLPcPqwc




only love from this side of the internet

[ozkraut]

WARNING TO ALL INVESTORS TO ABANDON SHIP OF MONERO BECAUSE DASH IS ADOPTING RING SIGNATURES AS A SECOND OPTION OF PRIVACY BESIDE DARKSEND!!The only thing i like of monero fraud alphabay high yeilding investment for noobs is that is driving the ceiling of marketcap for dash to overtake to higher level ...let it be when the dash masternodes become the first privacy coin and most profitable way .
ABUNDANCE TO ALL INVESTORS AND PROSPERITY FOR THE NEW YEAR 2017!!!!

Lol DDD = Desperate Dash Dump (soon (tm) See ya

[visdude]

Interesting news - just spreading the word:

http://www.prunderground.com/gui-wallet-released-by-monero-as-underground-banks-in-china-wait-to-ditch-bitcoin-mid-january/0084114/

Can't vouch for its truth, but it won't hurt - and we're over $200 million market cap now....

It's most likely a hype for a pump but it doesn't really matter. From a publicist point of view, any news is good news to be in the limelight. Monero's tech/innovations will shine through despite P&Ds.

[CTTE]

What does the expected hard fork on 5th means? Price is going up or down?

A hardfork of a coin shouldn't impact the price of any coin. It's not related to price. On the other hand, as we've seen from stock markets and coin markets, very often the price changes due to events that shouldn't impact the price at all. So, the hardfork shouldn't affect the price, but there's a small chance it will. If the price changes it will almost certainly be due to other factors (release and adoption of GUI, pools decreasing minimum payout, more markets in more countries using XMR, etc.).

The only reason this may possibly affect price is because of the new technologies that are going live including broad based access to all of the feature in the new GUI.  ALso, sometimes when people see that these planned Hard Forks that don't alter the implied contract of the coin are actually good for the coin and community it may inspire confidence in the coin and especially the dev team if the deployment goes without any hitches. Just my .00000002 xmr.

[visdude]

Just a few more observations/experiences with GUI.

When I open a wallet in GUI and subsequently starting the daemon, "Wrong version" appears on the lower left corner and "Connected daemon is not compatible with GUI. Please upgrade or connect to another daemon" pops up in the middle of the default GUI screen. It would eventually indicate "Connected" and then "Synchronizing blocks ...../....." (green progress bar). Note that I haven't replaced the original binaries in the GUI package with previous/older versions to cause such incompatibility and the DB/blockchain was downloaded/synced fresh from scratch in this GUI instance. Is this normal?

Furthermore, although new incoming transactions since a wallet was last opened/synced in GUI are accounted for in the Balance, they do not show up in History. It does not get resolved by merely stopping/starting the daemon (within GUI). Closing the GUI (stop daemon/close wallet/close GUI - in that order) and restarting the wallet opening procedure (open GUI/log on to wallet/start daemon - in that order) fixes it and said new incoming transactions would then show up in History. Would a manual "Refresh" button in History rectify this particular quirk? Though this occurrence is intermittent, it's nonetheless disconcerting.

Does anybody else have similar experiences as above? BTW, this is on a W7 machine.

[Johnny Mnemonic]

visdude are you describing p2pool ?

I am not entirely familiar with the inner workings of P2Pool but I remember it could not garner enough hashing power to compete with the big pools back in the day, hence it failed. I also remember its peculiarity of needing a special or customized version/release of certain mining software in conjunction with some mining hardware.  I surmised that it was still subject to Bitcoin's winner-take-all lottery mining reward implementation and therefore still functioned as an "external" mining pool (outside of core/protocol)...still had to compete with other centralized "external" pools for those winner-take-all block rewards to be divvied up among the participants. Is that an accurate assessment on my part? I mean, Bitcoin's block reward rule have not changed since the genesis block as far as I know.

The model that I am thinking of is for a cryptocurrency to have a pool-like block reward distribution in its core/protocol, i.e. based on hashing share of participating "solo" miners instead of the current winner-take-all lottery reward paradigm. Whether it can be technically implemented or not, I do not know as I am not a coder; just a user with a somewhat wild imagination. If it can be technically implemented, the motivation to establish centralized "external" pools would no longer exist then as the block reward is already divvied up according to shares out of the gate or from the get-go.

So then the current block rewards become something based on work performed, not based on some method of luck. This seems like a very good egalitarian voting system, where each vote counts as one that is deserved

Yes. A paradigm shift from a competitive/gambling block reward model to a distributed or more accurately, a "cooperative" model. The nature or principle of Monero and other similar cryptocurrencies is unmistakably egalitarian in itself (all nodes are equal). So why not adopt the same principle in its mining reward implementation?

So to make this "egalitarian mining" or "fair mining work for pay", would the code changes need to be made to core, mining, and pool source code?

It seems pretty straightforward to implement, as the block rewards would simply be each in relation to each miners hash for a specified period of time - maybe daily work for daily pay is a starting point.

I guess the first question to be answered is how often this block reward would be paid, as expressed in time vs blocks. It seems intuitive that a 24 hour period would be used, but maybe a 12 hour or 1 hour period is better?

It seems that the communication of each miners daily PoW would need to be encrypted and sent to the network for inclusion in the blockchain, and it would be processed like a transaction, is this correct?

 That might add an additional component of blockchain bloat that will have to be dealt with

"Egalitarian mining" is not exactly a new concept, and I doubt it's achievable as you describe without adding a significant amount of complication.

Is there a better approach? Probably. For the purpose of discussion, let's try throwing our current crypto model out the window, and create an entirely new cryptocurrency:

What if there are no block rewards in the first place? Hell, what if "distribution" as we think of it didn't exist? What if the hash itself (the PoW) is the token?

"How much for the coffee?" "200 hashes."

 - Anyone with a computer can mine. You wouldn't even need an internet connection to mine.
 - Hashes only need to be verified at the time of transaction (by the receiver, by scanning the 'blockchain' to make sure the hashes haven't already been used/spent)
 - Inflation happens naturally as hardware improves and hashes become cheaper to create, etc.

This is just an idea, but you get the point. The crypto of the (more distant) future probably won't need any fancy "distributed-mining" technology.

I don't think there will ever be a drop-in solution for Monero or any of our current cryptocoin systems. We have to wait for the next generation, whatever it may look like.

[sandwraithBTC]

hello

after the hard fork on Jan 5th, XMR won't have any upcoming news ?
or when should we expect next upcoming news  after Jan 5th ?

thank you