[XMR] Monero Speculation

[Febo]

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?

You will be able to mine Monero with GPU and CPU.   Whenever mining algo changed in past each mining device got a bit different hashes as before. So it will happen again. Best is just test and see. There is still plenty of time until Sepetember.

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

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

Ethereum failed at it.   Monero is at the edge of the technology. So unbelievable things happens.

[gembitz]

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?

You will be able to mine Monero with GPU and CPU.   Whenever mining algo changed in past each mining device got a bit different hashes as before. So it will happen again. Best is just test and see. There is still plenty of time until Sepetember.

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

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

Ethereum failed at it.   Monero is at the edge of the technology. So unbelievable things happens.

XMR is designed as a bot net coin ~ asics compatibility would ruin this aspect  you new here? lol

[Globb0]

gembitz is great


See how easy it is to type lies on the internet kids?

Don't listen to junk.

[gembitz]

gembitz is great


See how easy it is to type lies on the internet kids?

Don't listen to junk.

fluffy pony dick told me botnet coins are legit as fuck weee

[Globb0]

You are irrelevant.

Enjoy your life.

Bye

[Hueristic]

You are irrelevant.

Enjoy your life.

Bye

I went in to see if I should take him off ignore yesterday and SHIT he just keeps spiraling down.
I think he needs to find the right meds.

[gembitz]

You are irrelevant.

Enjoy your life.

Bye

* STOP AND THINK * you tell me the difference between bytecoin and monero? same code you n00b =) lmfao

[Globb0]

Irradiate the forum cancer someone please

[joroz]

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.

No, that’s not the plan.

If RandomX fails, we assess the situation and make a decision how to move forward.

None of this “pre-commitment” nonsense. If we claim to be at all decentralized that is.

[Hueristic]

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.

No, that’s not the plan.

If RandomX fails, we assess the situation and make a decision how to move forward.

None of this “pre-commitment” nonsense. If we claim to be at all decentralized that is.

If all else fails, what is wrong with merge mining?

[Febo]

With https://old.reddit.com/r/Monero/comments/c0l7tj/cli_v01410_has_been_tagged/   pruned nodes will be 30 GB big.  Trezor hardware wallets will be easily supported so as Ledger nano X.


And over $1.4m volume on Bisq https://coinmarketcap.com/exchanges/bisq/

[Last of the V8s]

This coin. It just goes sideways.
Until you look away one day. Then it goes to 0.03

[dEBRUYNE]

CLI v0.14.1.0 'Boron Butterfly' released!

https://www.reddit.com/r/Monero/comments/c0w3cp/cli_v01410_boron_butterfly_released/

[gembitz]

Irradiate the forum cancer someone please

the French devs might help with that? ha

[Febo]

XMR is designed as a bot net coin ~ asics compatibility would ruin this aspect   you new here? lol

Edit : but good news for Botnets

It is good news for your health. XMR is designed to save your life as a financier of bullet stopping drones.  https://cryptoslate.com/bullet-stopping-drones-contribute-monero-network/
 

[Whtwabbit]

XMR is designed as a bot net coin ~ asics compatibility would ruin this aspect   you new here? lol

Edit : but good news for Botnets

It is good news for your health. XMR is designed to save your life as a financier of bullet stopping drones.  https://cryptoslate.com/bullet-stopping-drones-contribute-monero-network/
 

“Not only does this allow law enforcement, fire rescue and government to benefit from blockchain technologies"

Oh Yay!
/s

[gembitz]

XMR is designed as a bot net coin ~ asics compatibility would ruin this aspect   you new here? lol

Edit : but good news for Botnets

It is good news for your health. XMR is designed to save your life as a financier of bullet stopping drones.  https://cryptoslate.com/bullet-stopping-drones-contribute-monero-network/
 

aim for the trigger finger ...    lol

[tokeweed]

This coin. It just goes sideways.
Until you look away one day. Then it goes to 0.03

Yup.  The Alphabay pump is still fresh in my mind.  But really it was insiders exactly knowing when the announcement would be.  I wonder who from the Monero side knew... 

[cAPSLOCK]

This coin. It just goes sideways.
Until you look away one day. Then it goes to 0.03

The thing about Monero is... it is one of the only coins that actually does something bitcoin doesn't.  At least something big and fundamental.  Everything is obscured on layer one, AND cryptographically verifiable.  That is worth a little something.  Sometimes 01x... sometimes .03.  Eventually something like .1

[smooth]

Considering that I'm pretty sure nobody is doing wash trading or even 'legitimate HFT' on bisq since it is slow clunky and expensive, I'd say the $1 million/day volume is pretty damn good. I don't know where that would rank relative to other coins if it were possible to subtract out the nonsense that happens in most crypto markets, but pretty damn high would be my guess, and that ignores all XMR volume on centralized exchanges, some of which might be legitimate.