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Showing 20 of 1,131 results by GingerAle
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Board Bitcoin Discussion
Re: Bitcoin Vs Monero - Privacy as the world becomes more dystopian
by
GingerAle
on 03/12/2023, 20:17:33 UTC
If it wasn't successful it won't be used. The privacy and anonymity works to its advantage that's why centralised exchanges in America are dropping Monero. They're scared of American regulations so they'll delist but it's going to remain available on decentralised exchanges. It doesn't change anything for privacy but XMR trade volumes aren't going to be high.

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Which american exchanges?
Post
Topic
Board Mining (Altcoins)
Re: Experience Mining Monero with BITMAIN ANTMINER X3
by
GingerAle
on 08/03/2020, 16:22:00 UTC
How stupid can you be?
That's for the CryptoNight algorithm, which monero hasnt used for years.

well, to be fair, if your just coming into crypto and don't know a lot.... its probably not that easy to figure out that monero doesn't use cryptonight.
Post
Topic
Board Mining (Altcoins)
Re: [Mining OS] mmpOS - easy to use linux/windows platform for mining.
by
GingerAle
on 29/11/2019, 13:17:43 UTC
are you guys gonna support randomx?
Post
Topic
Board Mining (Altcoins)
Re: RandomX Benchmarks! https://randomx.monerobenchmarks.info
by
GingerAle
on 26/11/2019, 11:58:04 UTC

Thx, been debating this or a 1920x or a 3600 for a htpc that will background hash. So Ryzen lineup is heavily bandwidth dependent? I'm aware that ryzen performance curve peaks at ~3600 ram spd so is that we are seeing with randomx as well?

my 1920x got around 7kh/s. overall the build was $500-700. Amazon has a deal going for $200 for the 1920x. I probably went overboard with the amount of ram. I thought it needed 2 gb per thread... no, its 2gb per numa node. and 1920x is just 1 node. So you could get away with 8gb to 16 gb prolly.
Post
Topic
Board Mining (Altcoins)
Re: [Mining OS] MMP OS 2.0 - Get Smart and start Tune!
by
GingerAle
on 16/06/2019, 01:33:44 UTC
how do you actually update the softwarE? the web portal says i need to update, but i can't find the config and the helpme in the console don't have it.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
GingerAle
on 13/06/2019, 14:02:42 UTC
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.


snip image

The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart

Actually, botnets *do* have the best interest of the network at heart. They are profit driven. They need the network to work in order for them to make money. Actually, they don't have any interest in the network, which is the best kind of interest. They want the network to keep working so they can make money.

Quote
like normal miners do.

Oh you mean like the selfish mining that has and will continue to occur on the bitcoin network? Empty blocks anyone? SPV mining? Those were fun.

Quote
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.

Bitcoin mining has not been honest and is predicted to devolve into chaos for the chain. , but thats due to a combination of selfish miners and a lack of block reward.

Quote
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...
  

Evolution, exactly. Adapt or die. This is software. Software is free. Hardware is not. Hardware is shackled to the physical, software is free to roam the universe on beams of light. Monero is software. If Monero doesn't adapt it will die, just as bitcoin (in my opinion, obviously not a popular one around these parts, but for some reason people like their dystopian surveillance chain).

And obviously I'm not condoning botnets... I'm just saying that its absurd to cast them as harmful for the network when they are anything but. ASICs on the other hand....
Post
Topic
Board Speculation (Altcoins)
Merits 2 from 2 users
Re: [XMR] Monero Speculation
by
GingerAle
on 30/05/2019, 19:28:51 UTC
⭐ Merited by Hueristic (1) ,phishead (1)
Over the past 24h Bitcoin went up about 1% , but everything else with 'Bitcoin' in the name has been pumping hard:

Bitcoin Cash: 6%
Bitcoin SV: 56%
Bitcoin Gold: 22%
Bitcoin Diamond: 53%
Lightning Bitcoin: 12%

In the meantime, Monero only went up 3%. What do all these 'Bitcoin something's offer that Bitcoin + Monero do not? How can the market be so out of touch with reality?


They offer a quick pump with the incoming dump, do you want to be the bag holder when the curtain comes down?

Not one of them has any other reason for existence except as a P&D scam.

The reality of the market is there are more scammers (speculators) than people who actually want to change the world. There are those that see crypto as a vehicle of change and are those that are just trying to use that vision to game the old system and profit. Shortsighted people are in the majority and that is why the human race is in a fucking race with extinction. Let them have their short term gains, they are too stupid to know what they are doing anyway and think winning is a lambo.

amen. The fact that monero is still making progress give me hope in humanity.  The fact that monero was salvaged from a scam attempt is.... ironic. The fact that bitcoin is plodding towards a dystopian surveillance state with willfully blind participants is... disturbing. Monero *needs* to survive and thrive.

and I speculate bananas.
Post
Topic
Board Mining (Altcoins)
Re: [Mining OS] MMP OS 2.0 - Get Smart and start Tune!
by
GingerAle
on 13/05/2019, 14:46:07 UTC
This is rather more detailed conversation which is meant more for our discord/telegram chats. If you don't mind please join either of our chats(they are bridged) so we can provide more detailed and reliable support.
Thank you for your support.

i friggin hate those things, making me use my cell phone. Are you on IRC?
Post
Topic
Board Mining (Altcoins)
Re: [Mining OS] MMP OS 2.0 - Get Smart and start Tune!
by
GingerAle
on 13/05/2019, 11:56:54 UTC
I can't figure out if my rig is auto tuning. I have the smart tune box checked and the algorithm set to cryptonight, but my monero hashrate numbers aren't changing.

is the smart tune for cryptonight, and not cn/r? Do I need to manually overclock for cn/r ?
Please check miner profile advanced settings and change cn_config from 8+8 to 15*15(Vega64) or 14*14(Vega56).

hrm, well my rig has 2 vega64 and 2 vega56. As far as I can tell, there's no way to assign these commands to individual GPUs
There is. depending on the order of Vega56/64 here is example setting:
Quote
0. Vega64
1. Vega64
2. Vega56
Quote
-a cnr --cn_config 15*15,15*15,14*14 -o %pool_protocol%%pool_server%:%pool_port% -u %user% -p %password% --api_listen %api_port% --bus_reorder --watchdog_script /opt/mmp/sbin/

OK, thanks. And the syntax is 15*15, not 15 + 15 (as i've seen elsewhere with teamredminer)... and i should use 15 and 15, not 16 and 15 (as ive seen elsewhere?).

Also, how long does the autotune take? I assume I should just let it go. But I don't see the timings or volt changing in the minercli thing yet.
Post
Topic
Board Mining (Altcoins)
Re: [Mining OS] MMP OS 2.0 - Get Smart and start Tune!
by
GingerAle
on 13/05/2019, 11:24:56 UTC
I can't figure out if my rig is auto tuning. I have the smart tune box checked and the algorithm set to cryptonight, but my monero hashrate numbers aren't changing.

is the smart tune for cryptonight, and not cn/r? Do I need to manually overclock for cn/r ?
Please check miner profile advanced settings and change cn_config from 8+8 to 15*15(Vega64) or 14*14(Vega56).

hrm, well my rig has 2 vega64 and 2 vega56. As far as I can tell, there's no way to assign these commands to individual GPUs
Post
Topic
Board Mining (Altcoins)
Re: [Mining OS] MMP OS 2.0 - Get Smart and start Tune!
by
GingerAle
on 13/05/2019, 04:13:15 UTC
I can't figure out if my rig is auto tuning. I have the smart tune box checked and the algorithm set to cryptonight, but my monero hashrate numbers aren't changing.

is the smart tune for cryptonight, and not cn/r? Do I need to manually overclock for cn/r ?
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
GingerAle
on 08/01/2019, 17:30:33 UTC
I'm mostly holding but also have a bot syphoning a little off the whales as the price grows and shrinks

Are you sure it's the whales you're syphoning from?

whales are the only thing that moves the price of any cryptocurrency. These markets are razor thin in comparison to actual markets.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
GingerAle
on 30/12/2018, 15:00:40 UTC
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and  Monero is not.

because of the blocksize. 

Who actually thinks you can have 4 billion people using the base layer of XMR at this point?

i don't think that was said... i think the point was that once monero gets second layer solutions, the first layer can scale to meet whatever demand is placed upon it by the second layer due to the adaptive blocksize.

Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
GingerAle
on 29/12/2018, 22:41:14 UTC
Why Bitcoin Matters for Freedom  http://time.com/5486673/bitcoin-venezuela-authoritarian/


It has funny end.

Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who can’t trust their rulers or who can’t access the banking system. For them, Bitcoin can be a way out.


Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait...  The people in the other 4 billion that can use BTC, can't?  But they can use Monero...?  I don't get it.  Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and  Monero is not.

because of the blocksize. 
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
GingerAle
on 16/12/2018, 04:38:16 UTC
Shit, wish I had waited to buy last week.
Well there is always this week. Smiley

Also next week?  Probably?

Maybe, depends on Bitcoin.  I have a couple of XMR buys further down in both USD and BTC pairs, but it seems $40 is the new $50 XMR/USD resistance level, for now and we may have seen the worst (unless Bitcoin dives again).

I think there will still be uncertainty and possible lower lows in BTC until end of January, unless there is a BAAKT 'bump' coming.



Bakkt continues to be a wildcard.  With Caitlin Long and her constant rehypothication/comingling warnings about Wall Street's arrival as well as other things I think it has muted any front-running of price rise.  I still cant figure if her constant warnings are purely cautionary or if there is a fud aspect.  So I think the market is spooked there, as we are pricing in the sentiment that ETFs are NOT coming any time soon.  I think once BAKKT and others are up and running we will see the real effects.  And I think as usual this will echo in the Monero market.

I think Caitlin Long has a point - and if you've see her talking on it, it's pretty convincing.  I do think the crypto market is equivocal about it, I am not personally convinced it will be 'all good' either.   Yes, it involves real bitcoin, unlike the CME /CBOE futures and therefore should draw coins from the market.  However, the habitual rehypothecation habits those behind BAKKT are used to are real - and these habits, if applied - risk challenging part of the the value proposition Bitcoin offers; that of it being hard money with a verifiable, fixed and limited supply.

I would like to think it will help Monero, but Monero is still in a crypto market driven by Bitcoin, so if BAKKT is bad for Bitcoin, then even if Monero is not part of it, it won't help.

Let's hope BAKKT is a positive, we can only wait and to see.

Yes, it seems we see this very similarly. As to Caitlin Long... I feel like she often plays the blockchain vs. Bitcoin game a little more than I like. The constant talk about how blockchain is going to revolutionize the financial world, but then in other interviews acting sort of like a Bitcoin maximalist. It makes me think she almost is saying what is expedient in that moment. On the other hand I think she brings a level of intelligence, professionalism, and Wall Street Experience to the discourse that very few others have. So I judge her message similar to her person... kind of mixed - kind of unpredictable and it makes me just slightly suspicious at times that she could even be some sort of industry plant spreading a little bit of fud to make the markets sort of look the other way while... Well I don't know... I'm starting to sound like a conspiracy theorist.

Am I reading this whole BAKKT thing right? 

> Formed with the purpose of bringing trust, efficiency and commerce to digital assets, Bakkt seeks to develop open technology to connect existing market and merchant infrastructure to the blockchain.

Its hilarious. Bringing trust to trustless assets. Bringing efficiency to the most efficient form of money that exists. Perhaps the only thing it could bring is commerce.

Much like a lot of other malarkey I read, this just seems to be another "Dinosaurs try to build something so they can work with new technology".

Whats even more hilarious is that these things (monero, bitcoin) are *incredibly* easy to use at the personal level. Its just when you get the institutions involved that things get really complicated.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
GingerAle
on 02/12/2018, 17:54:52 UTC

Basically, the blockreward can be seen like a set of training wheels that keeps bitcoin up and running.

Long ago it was decided that Monero would take an alternative route, wherein having those wheels available to prevent the bicycle from falling over is good, and the tradeoff of having an infinite supply of monero is acceptable.

Tiny wheels, tiny infinity.


That’s interesting... Never thought of it like that before. So the 1mB block size is a hard set rule and the miners will always hit that (considering how many txs there always are ) and aren’t dissuaded somehow against ever going above 1 mB due to some game theory?

yeah, thats the fundamental concept of transaction fees set out in the bitcoin whitepaper
Quote
Once   a   predetermined   number   of   coins   have   entered
circulation, the incentive can transition entirely to transaction fees and be completely inflation
free.

in bitcoin, yeah, there is now a 1 mb block size limit, and in general the incentive to keep it that way is to create a fee market. If you want to get into the next 1 MB block, then your gonna pay for it.
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Topic
Board Speculation (Altcoins)
Merits 3 from 2 users
Re: [XMR] Monero Speculation
by
GingerAle
on 02/12/2018, 03:31:03 UTC
⭐ Merited by phishead (2) ,tokeweed (1)

It's literally oversold on the long time periods, the direction xmr is going is down and for quite a while already, just like most of the market. I risk calling the bottom at 50$, I had to buy.

I prefer bear markets, its when fortunes are made  Wink

Yup, just put another buy in myself. Funny thing is I am probally one of the only regulars that also prefers a bear due to getting caught with my pants down before alphabay. W00ps!

That left a big mark. Smiley

Bad timing has been my thing in life. Cheesy



Monero offers something else that Bitcoin does not; namely an adaptive block weight and tail minimum emission that allows for scaling on the main chain. This lack of on chain scaling lies at the heart of the BCH split from XBT and the further split of BSV from BCH. When something as simple as increasing the transactions per second that a blockchain requires a a highly controversial and political hard fork it is hardly surprising to see the splits, wars and personality clashes we have in Bitcoin, Bitcoin Cash and Bitcoin Satoshi Vision.

On another note Bitcoin has already failed since it cannot meet the design purpose in the Satoshi paper namely a peer to peer cash like digital currency. This is primarily due to the fixed block size.

Edit: Litecoin has the same problem as Bitcoin with scaling; namely the fixed block size and falling lock reward.

Can you ELI5 for us why the BTC codebase cannot adopt a dynamic blocksize?

The dynamic blocksize in Monero has a cost - it uses more real world resources to process larger and larger blocksizes. Therefore, the monero protocol puts a throttle on this adaptation - if a miner wants to create a block that is greater than the median of the past 100 blocks, the miner has to sacrifice some of the block reward. So say the block reward is 3 XMR. If the miner goes over 20% in size, the block reward is reduced to something like, i dunno, 2.7 XMR. I forget the exact numbers. So the miner has to choose transactions that have enough fees that would push the total reward over 3 XMR even with the penalty.

Now, when monero finishes its primary emission, it has a tail emission. 0.6 XMR per block ( or 0.3 XMR per block minute, to keep in mind the case that we increase blocktime targets for whatever reason again). This tail emission keeps in place the ability to penalize blocksize expansion. Otherwise, if there's no way to penalize blocksize increases, miners would just grow the blocksize to get more fees.

So, IMO, its not really a BTC codebase issue, its a social covenant issue - that being that bitcion will only ever have 21 million coins. Its easy to put a tail emission in bitcoin code and make an adaptive blocksize possible.

Now, there are some that have conjectured that one could eat into the fees in the absence of a tail emission. I think the math on this doesn't work out, or it may screw with the game theory incentives. In any case, tail emission also provides continued and guaranteed rewards for mining, so it has the nice benefit of providing security to the blockchain regarding immutability in the long future. Not a single cryptocurrency exists today that is secured by a fee market. Granted, 15 years ago, not a single cryptocurrency existed. Bitcoin is a grand experiment to see if a cryptocurrency network ( a new form of money ) can be bootstrapped. Thats phase 1. Phase 2, the existence of that network / money with only network fees, in the absence of any bootstrapping, is still an experiment that has not been performed. 

Basically, the blockreward can be seen like a set of training wheels that keeps bitcoin up and running.

Long ago it was decided that Monero would take an alternative route, wherein having those wheels available to prevent the bicycle from falling over is good, and the tradeoff of having an infinite supply of monero is acceptable.

Tiny wheels, tiny infinity.

Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
GingerAle
on 09/10/2018, 02:22:31 UTC
Interesting read :

70% Stock Market Crash to Strike November 1, Economist Warns
https://banyanhill.com/exclusives/70-stock-market-crash-to-strike-august-1-economist-warns/

I guess we will find out how accurate this stock market crash prediction really is, in three weeks. Crypto could be seen as a safe heaven, when a severe stock market crash occurs.

The smartest thing that stock holders could do right now, is sell their stocks and place the proceeds into the top cryptos as well as some "penny stock" privacy coins and alts.  Sell high in one asset class and buy low in another asset class !!!

same thing will happen that happened during the last stock market dip - crypto traders cash out in order to buy the stock market low, causing crypto to crash as well.

at least thats what I remember happening last time.
Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
by
GingerAle
on 25/09/2018, 11:46:35 UTC
⭐ Merited by Andretti83 (1)
The Monero Coin Team's technical strength is quite good, the team needs to further strengthen the follow-up community building, overall, the project is worth investor expectations.

Invest in bananas is good for monero because all of the developers have a community that the investors expect to further strengthen.

The smart investor this season will always divest from arbitrage-free capital adequacy requirements.

Mezzanine stocks: in the high frequency trading exchange, never insulate them.

In credit-linked markets, be sure to underwrite senior-rated securities.

https://phrasegenerator.com/finance


Post
Topic
Board Altcoin Discussion
Re: Monero Support
by
GingerAle
on 03/08/2018, 11:31:48 UTC
hi,
I need some help. our node its running on latest version, and the problem is that its very slow to answer the rpc calls,
there is a way to improve that?

Are you on 0.12.3?

Also, what kind of RPC calls are you sending the daemon?

You could try the new 0MQ stuff that was recently worked into the daemon.