Bitcoins Mining - so geht's - CHIP

Introduction to Garlicoin

FAQs

What is Garlicoin?
Garlicoin is a community-based cryptocurrency that was originally founded based on a meme of garlic bread that reached the front page of Reddit. The concept of a memecoin is similar to that of the more well-known Dogecoin, but Garlicoin is actually a fork of Litecoin, which is itself a fork of Bitcoin.
What technology is behind Garlicoin?
As it's just a fork of Litecoin, it's basically the same thing with how the addresses, wallets, etc. work but there are a few key differences. Most importantly, the mining algorithm is called "Allium," which was specially developed to be ASIC-resistant. Originally the coin was based on Scrypt-N but a hard-fork occurred on 2/16/2018 in order to solve the problem of ASICs that were discovered on the network. Another key difference is that Garlicoin only has a 40 second block time, so transactions confirm very fast.
Who developed Garlicoin?
Disclaimer: Most of the code was copy-pasted. However, there are a few developers that continue to work on the project. u/DigitalizedOrange was the founder, he likes anime. Most of the moderators are also part of the team.
Should I invest in Garlicoin?
Like any cryptocurrency, don't treat it as investing. Treat it like speculation or gambling. If you're not willing to lose that money, the answer is no. Garlicoin has even more risk behind it as it isn't trying to be at the forefront of technology or anything. All we have is meme appeal and garlic bread.
Why did the price just moon? Or why did it just crash?
With such a low volume in Garlicoin exchanges, the price can be easily manipulated. Trade with caution.
How can I start mining?
Check out the mining section in the links and tutorials down below. There's a great guide to setting everything up by Pandawan.
Why does the explorer show a different value than my web-based wallet?
Some web-based wallets, such as GarlicWallet.com, are shared wallets meaning that you don't own the private keys and the website will move your coins around between addresses. The address you receive just credits your online account so you can withdraw a specific amount however you technically do not own those coins and if the site goes down then you may lose access to them forever. For that reason, it's highly recommended that you use a wallet where you own the private keys. Paper wallets are the most secure for large values as long as you physically keep them in a safe place, as they cannot be hacked.
What other Garlic Bread goodness can I get into?
Check out GBDS (dating simulator) and GarlicBreadMemes if you can't get enough.
I have another question that isn't answered here!
First try using the search bar for this subreddit. If you can't find an answer then you can create a new thread and someone from the community will most likely help you. If I forgot to add a commonly asked question to this guide, or if there's anything else you'd like to see explained/linked here, please let me know in the comments.

Links and Tutorials

Quick Links
Discord
Official Website
List of Mining Pools
Trade/Buy/Sell Garlicoin on Reddit
Pandawan Guide
Wallets
Garlicoin Core Wallets (only recommended for experienced)
Garlium (based off of Electrum)
GarlicWallet
GarlicWallet.com - web-based
Paper Wallet
Android Wallet
GarlicWallet Android
Mining
Great instructions for how to set up your miners can be found here. Make sure you set the algorithm to allium (-a allium).
Nvidia Miner for Windows/Linux
Nvidia Miner for Mac
AMD Miner for Windows/Linux
CPU Miner
GUI Mining Interface by Misa
Solo mining is not recommended for most people. If you want to try it you will need to download the Garlicoin Core wallet (garlicoind) then follow this guide here. It currently is not working on the new fork.
Explorers
Bakery
Garlicoin Insight
Garlicoin.io
Exchanges
Nanex
TradeSatoshi
CoinFalcon
Price Trackers
CoinMarketCap
Delta
submitted by ZephyrPro to garlicoin [link] [comments]

Zoin Basics: A Beginner’s Guide to Obtaining Zoin

Welcome to Zoin! We want to start by thanking you for joining our amazing community. Zoin is a community-governed decentralized digital currency with privacy features (based on the Zerocoin protocol) and is developed by a diverse team from all around the world. There is no pre-mine and no founder’s reward for Zoin; additionally, it is strictly CPU-minable (see mining section below). Together, these features ensure fairness and transparency to everyone interested in obtaining Zoin. Through this guide you will learn about the current methods of acquiring Zoin for yourself.

How to Earn / Buy Zoin

Right now, there are two ways you can obtain Zoin. You can either use the Bitcoin/Zoin trading pair on Cryptopia exchange or you can mine for Zoin using your own hardware.
 

Method 1: Trading Zoin on Cryptopia

To start, the easiest way to buy a cryptocurrency such as Ethereum or Litecoin is through Coinbase, where you can buy up to $500 worth of Litecoins (for example) using a credit card before you need to verify your identity. Coinbase accepts buyers from 33 countries across the world. A simple guide from Coinbase on buying Litecoin (or Ethereum) with your bank account / credit card is all you need to get started.
Once you have purchased either Litecoin or Ethereum (or another altcoin) you may login to Cryptopia exchange, after you’ve created an account. You must create a deposit address for the same coin that you previously bought on Coinbase or another exchange by clicking deposit under your account, and then typing the name of the coin you wish to deposit. This will generate an address for your Cryptopia trading wallet to receive coins. You can either copy / paste the address (never type it yourself without verifying it), or scan the QR code if you are sending from a mobile wallet.
Once you make a deposit to your Cryptopia wallet address you must wait for several confirmations before your funds are trade-able on Cryptopia. This usually takes around 30 minutes.
When the deposit is confirmed you may go to the Exchange Market section of Cryptopia and search for the coin you just deposited. Once you are there, create a sell order and wait for someone to buy it, or choose a buy order for the coin to trade it for Bitcoin right away. Since you just purchased your cryptocurrency, the price probably won’t be very different than when you bought it, but this depends heavily on the current state of the market. Look up how much the current buy orders are (in your country’s currency), if it is close to the price you bought it at then you can sell at that price. Remember, a sell order may not be filled right away, but choosing someone’s buy order will sell it to them instantly.
If you have successfully traded your altcoin for Bitcoin on Cryptopia, you may now use your Bitcoin to buy Zoin. You can buy Zoin through a buy order of your own (bid) or a sell order from someone else; again, this is entirely up to you and how you anticipate the market / price of coins.
Congratulations, you have successfully bought your first Zoin!
The next step is to transfer the Zoin you bought to your own personal Zoin wallet. To do this, download the wallet on your preferred platform and after installing and running the wallet for the first time, wait for the blockchain to fully sync.
 
  1. Close your wallet (if it’s open).
  2. Delete the following folders from %appdata% on Windows or Library/Application Support/Zoin on Mac: Blocks, Chainstate and the file peers.dat
  3. Download the latest blockchain file, extract using 7Zip or your preferred program.
  4. Paste the newly downloaded folders: Block, Chainstate and file peers.dat in ZOIN folder under %appdata% on Windows or Library/Application Support/Zoin on Mac
  5. Open the wallet and wait for it to synchronize. This should take less time than downloading the entire blockchain and syncing from scratch. The process should take around 30 minutes.
Go to the Receive tab and click on your address, then choose Copy Address. Paste that address on the Cryptopia withdraw page for Zoin and confirm that you want to withdraw. In a few minutes, your Zoin will show up in your wallet (it will be confirmed after 6 confirmations).
 
After your wallet is up to date and you’ve added some of your coins to it, you will want to make it safe in case something happens.
The first thing you want to do is to encrypt it. You can do this by clicking on Settings Encrypt Wallet
You should type in a passphrase that is safe and that you will remember, confirm this passphrase and proceed to encrypt your wallet.
Please be advised, once you set your passphrase you can’t forget it or all your funds will be lost!
Right after your wallet has been encrypted, you should make a backup of it. Click on File Backup Wallet and save the wallet as a wallet.dat file
If you want to open your wallet on another computer you may save the wallet file onto a flash drive or other backup device / method you may already have. Remember that if you encrypted your wallet before doing this backup you must know the passphrase in order to access your wallet.
 
Another way of recovering your wallet is by finding the private key for the wallet. This can be done in the wallet debug terminal (advanced). For accessing your wallet private key, you must do the following procedure:
If your wallet is encrypted: Click Help Debug Window Console (tab). In the console window, use the command walletpassphrase first:
walletpassphrase "YourPassphrase" 60 
Where "YourPassphrase" is the passphrase you used when you encrypted your wallet and 60 is the amount of time you want to unencrypt your wallet for (in seconds).
Next, use the dumpprivkey command in the following form:
dumpprivkey "wallet address" 
Replace "wallet address" with your own wallet address.
After entering these commands, you will receive your private key.
You may now write down and save this private key.
 

Method 2: Mining Zoin

The second way of obtaining Zoin is to earn it by mining, using your own hardware and a mining pool server (we recommend the official pool). Mining Zoin is possible with any modern computer as long as it has a CPU.
To start mining you need to have an account in a “pool”; this is a place where several computers (also known as workers) connect together to mine the blockchain. As we mine the blockchain, we find blocks which contain a reward (currently 12.5 Zoin) which is shared by the number of total miners depending on each person’s mining hashrate. The better your hardware is, the more Zoin you will receive from mining.
To get started, visit our official pool and create your mining account.
You will need to set up a worker. This is your mining device which should be assigned a name and password in order for the network to distinguish your mining rig from others. To do this, visit the Workers page.
The Username must be set for as many workers or computers you want to set up. For example, if the username you chose when signing up to our pool was “john123” and you set your first computer name to worker1. Then your username and worker will be: “john123.worker1”. If you set a second worker as worker2, your second worker name will be “john123.worker2” and so on. The password will be whatever you choose under the password that box, the password can be the same for all the workers.
 
Mining on Windows:
Now that your workers are set, you can go ahead and download mining software, which you can get from the Resources page of the official pool.
Once you have the mining software, open the compressed folder by extracting its contents and create a batch (.bat) file which will contain all the info necessary to mine Zoin into your account. To do this, open a text editor such as Notepad and save the file as .bat instead of .txt
 
This batch file must contain just one line:
cpuminer-aes-avx2.exe -a lyra2zoin -o stratum+tcp://zoin.netabuse.net:3000 -u username.workername -p workerpassword 
 
cpuminer-aes-avx2.exe is the .exe file that you want to use, it depends on your CPU.
Lyra2zoin is the algorithm used by Zoin, that should remain the same.
stratum+tcp://zoin.netabuse.net:3000 is the link to the official pool.
username.workername should be the username you set. (Example: john123.worker1)
workerpassword is the password you set for each worker.
Once you set this batch file, you can run it by double-clicking on it.
 
Note: Make sure that your Firewall / AV program isn’t blocking cpuminer-aes-avx2.exe or the .bat file in order for it to run successfully.
 
Mining on Linux (Advanced):
Type the following into the terminal one line at a time:
 
sudo chown -R $USER: $HOME 
 
sudo apt-get update 
 
sudo apt-get install automake autoconf pkg-config libcurl4-openssl-dev libjansson-dev libssl-dev libgmp-dev -y 
 
sudo apt-get install autotools-dev automake make libcurl4-openssl-dev g++ libssl-dev libgmp3-dev -y 
 
sudo apt-get install build-essential screen automake m4 openssl libssl-dev git libjson0 libjson0-dev libcurl4- openssl-dev autoconf python-software-properties -y 
 
sudo git clone https://github.com/JayDDee/cpuminer-opt 
 
cd cpuminer-opt 
 
./build.sh 
 
./cpuminer -a lyra2zoin -o stratum+tcp://zoin.netabuse.net:3000 -u USERNAME.WORKERNAME -p x -t x 
Replace USERNAME.WORKERNAME with your unique pool username and workername
 
Mining on Mac OS:
  1. Download and install Docker Community Edition
  2. Visit the Zoin Official Pool and create your mining account
  3. Setup a Worker
  4. Edit the line below to match your pool configuration:
 
docker run hmage/cpuminer-opt -a lyra2zoin -o stratum+tcp://zoin.netabuse.net:3000 -u USERNAME.WORKERNAME -p x 
 
hmage/cpuminer-opt is the miner that will be used by docker.
Lyra2zoin is the algorithm used by Zoin, that should remain the same.
stratum+tcp://zoin.netabuse.net:3000 is the link to the official pool.
USERNAME.WORKERNAME should be your unique username and workname (Example: john123.worker1)
If Docker up and running, open Terminal on your Mac (Command + Spacebar and type "Terminal") and paste the line you created. Docker will proceed to download the necessary programs and start mining right away. If you can see the Accepted green message you are mining and you can check all of the mining stats and your earnings from the pool on the main page.
Happy mining!
submitted by Bluish91 to zoinofficial [link] [comments]

Elicoin specifications

Elicoin is a CPU mineable cryptocurrency. It can be mined on GPU too, but CPU mining is more efficient.
Coin specifications: Coin name: Elicoin (ELI) Algorithm: YescryptR16 (CPU only) Total number of coins: 10 000 000 ELI Block time: 1 minute Block reward halving: every 500 000 blocks Maximum block size: 4 MB Initial block reward: 10 ELI Difficulty retarget: Every block (DarkGravityWave ver. 3) Premine: none
Wallet: Elicoin Core source codes Elicoin Core for Windows Elicoin Core for macOS Elicoin Core for Debian / Ubuntu Linux Elicoin Mobile Wallet for Android (on Google Play) Elicoin Mobile Wallet (Android GUI) - source codes Elicoin Mobile Wallet (Core C library) - source codes Elicoin Paper Wallet Generator
https://image.ibb.co/nMsmx8/Screenshot_20180628_004652_2.png
Mining: How to mine List of pools Elicoin GUI miner CPU miner Android miner Elicoin Linux
Community: Facebook Twitter Discord Telegram announcements Telegram chat Slack
Exchange: Crex24 - ELI / BTC BitexBay - ELI / BTC BarterDEX - Various pairs Multicoins - MC / ELI
Faucet: Faucet (3rd party - unofficial) How to use faucet How to install faucet script for Elicoin
Other: Elicoin website Block explorer Roadmap Elicoin price chart on CoinLib Elicoin price chart on Live Coin Watch Contact info and links
Please vote to get Elicoin on exchange: QuantaDEX (free votes) Vote on Altcoin.io (free votes) Vote on SouthXchange (paid votes) Vote on C-CEX (free and paid votes)
submitted by Elicoin to EliCoin [link] [comments]

Monero FAQ

Hi, it’s some weeks that I’m getting into Monero and I really see a great future for it. My problem is that I have a very low budget so my mining capability is a joke (around 80 h/s). I cannot help this coin to grow by mining it, so I’m making this FAQ hoping that can be useful for new users. If you want to support me, the tip jar is at the end of this post. Thank you!
 
I noticed a lot of confusion around Monero. Many of the most asked question are basically the same , so I collected some of them from /monero, /moneromining and monero.stackexchange and I made this Monero Faq. Please feel free to suggest any new frequently asked question or correction/modification/ (also about the grammar, my english is not very good), i’d like to keep this post updated.
 
Last update: 1/03/2017
 
 

Where can I find a good mining pool?

 

Is Minergate good for mining?

Minergate is known for being linked to Bytecoin (read here and here ) and many users are noticing lower or differences in hashrates when using other miners (just make a research using the word “minergate” here on reddit). don’t be fooled by the nice graphical interface.
 

What miner should I use?

CPU: XMR-Stak (Windows-Linux) CpuMiner by tpruvot (Windows, Linux), CpuMiner By Wolf, xmr-stak (MacOS) and cpuminer(MacOS) By correcthorse
GPU: XMR-stak (AMD), Ccminer (nVidia) by KlausT, Claymore's CryptoNote GPU Miner (AMD)
If you are a Windows user read this
 

Does it worth to mine monero?

You can check by yourself using these tools:
XMBTC charts:
 

How can I calculate my CPU or GPU capability of mining?

Check this link for CPU & GPU Benchmark
 

Can I use a proxy for mining?

I personally use XMR Proxy. If you want to monitor your rigs you can use Monero Mining Monitor
 

How can I setup a local wallet without running a node?

How to get a wallet without running a node
 

Can I run monero through Tor?

Guide to use monero with Tor correctly
Monero safety through Tor
 

or i2p?

Why we chose i2p over Tor
 

What type of wallet exists?

 

How long take to sync to the blockchain?

It can take from few hours (using SSD drive) or even 24 hours, depending on hard drive and connection speed
 

How do I generate a QR-code for a Monero address?

How do I generate a QR code for a Monero address
Moneroqrcode.com for a personalized code
 

How can I buy some Monero coins?

Directly:
exchanges:
 

How do I use the Monero GUI?

Tutorial
 

How do I connect to a remote node using the GUI?

Connect GUI wallet to remote node on network
 

Where can I follow updates and/or make questions about Monero?

 

More useful links:

 
My address for donations: 48DYna5JiDrHz5xkcoSii4WzFNXLzCFjkPPugp7XNZ1N6v8NUhjaC6Sf1BEBEJ35JaJAYKK4XGc2ZEKGeEQ2ySDmFDZdAHy
submitted by ErCiccione to Monero [link] [comments]

Doge value is going down, I have got a plan.

Ok, So over the past few weeks the price per doge in bitcoin has gone from 0.00000200 BTC/DOGE to 0.00000100 BTC/DOGE. I have got a plan to fix this. Everyone visit http://azure.microsoft.com Then click on "Free Trial" and sign up. Then hit +NEW. Then Compute->Virtual Machine->Quick Create. Then select image: "Ubuntu Server 14.04 LTS". Then Size "A4". Choose whatever DNS you want. Type in a password and do it under free trial. Then hit create. Then follow instructions to ssh into the server. Then once sshed in, type in "sudo apt-get update", then type "sudo apt-get install build-essential libcurl4-openssl-dev". Next Type these lines
$ wget http://sourceforge.net/projects/cpuminefiles/pooler-cpuminer-2.3.3.tar.gz
$ tar xzf pooler-cpuminer-*.tar.gz
$ cd cpuminer-*
$ ./configure CFLAGS="-O3"
$ make
And once you have done that, type "./minerd --url=stratum+tcp://myminingpool.com:3333 --userpass=my.worker:password" with your info. You can create up to 3 of these servers. You can mine on them until your trial runs out. Then if you want you can create another account. If we get enough people to do this we can mine a ton of coins and get the value back up.
submitted by highonquack180 to dogecoin [link] [comments]

The Strange Birth & History of Monero, Part IV: Monero "as it is now"

You can read here part III.
You can read this whole story translated into Spanish here
This is part IV, the last but not least.
Monero - A secure, private, untreceable cryptocurrency
https://bitcointalk.org/index.php?topic=583449.0
Notable comments in this thread:
-201: “I would like to offer 1000 MRO to the first person who creates a pool”
(https://bitcointalk.org/index.php?topic=583449.msg6422665#msg6422665)
[tacotime offers bounty to potential pool developer. Bytecoin devs haven’t released any code for pools, and the only existent pool, minergate (in the future related to BCN interests) was closed source]
-256: “Adam back seems to like CryptoNote the better than Zerocash https://twitter.com/adam3us/status/453493394472697856”
(https://bitcointalk.org/index.php?topic=583449.msg6440769#msg6440769)
-264: “update on pools: The NOMP guy (zone117x) is looking to fork his open source software and get a pool going, so one should hopefully be up soon.”
(https://bitcointalk.org/index.php?topic=583449.msg6441302#msg6441302)
-273: “Update on GUI: othe from VertCoin has notified me that he is working on it.”
(https://bitcointalk.org/index.php?topic=583449.msg6442606#msg6442606)
-356: “Everyone wanting a pool, please help raise a bounty with me here:
https://bitcointalk.org/index.php?topic=589533.0
And for the GUI:
https://bitcointalk.org/index.php?topic=589561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6461533#msg6461533)
[5439 MRO + 0.685 BTC + 5728555.555 BCN raised for pool and 1652 XMR, 121345.46695471 BCN for the GUI wallet. Though this wallet was "rejected" as official GUI because wallet still has to be polished before building a GUI]
-437: “Yes, most Windows users should see a higher hashrate with the new build. You can thank NoodleDoodle. ”
(https://bitcointalk.org/index.php?topic=583449.msg6481202#msg6481202)
-446: “Even faster Windows binaries have just been uploaded. Install for more hash power! Once again, it was NoodleDoodle.”
(https://bitcointalk.org/index.php?topic=583449.msg6483680#msg6483680)
-448: “that almost doubled my hashrate again! GREAT STUFF !!!”
(https://bitcointalk.org/index.php?topic=583449.msg6484109#msg6484109)
-461: “Noodle only started optimization today so there may be gains for your CPU in the future.”
(https://bitcointalk.org/index.php?topic=583449.msg6485247#msg6485247)
[First day of miner optimization by NoodleDoodle, it is only May 1st]
-706: “The unstoppable NoodleDoodle has optimized the Windows build again. Hashrate should more than double. Windows is now faster than Linux. :O”
(https://bitcointalk.org/index.php?topic=583449.msg6549444#msg6549444)
-753: “i here tft is no longer part of the project. so is he forking or relaunching bytecoin under new name and new parameters (merged mining with flatter emission curve.) also. what is the end consensus for the emission curve for monero. will it be adjusted."
(https://bitcointalk.org/index.php?topic=583449.msg6561345#msg6561345)
[May, 5th 2014. TFT is launching FANTOMCOIN, a clone coin which its "only" feature was merged mining]
-761: (https://bitcointalk.org/index.php?topic=583449.msg6561941#msg6561941) [May, 5th 2014 – eizh on emission curve and tail emission]
-791: “As promised, I did Russian translation of main topic.”
(https://bitcointalk.org/index.php?topic=583449.msg6565521#msg6565521)
[one among dozens of decentralized and “altruist” collaborators of Monero in minor tasks]
-827: image
(https://bitcointalk.org/index.php?topic=583449.msg6571652#msg6571652)
-853: (https://bitcointalk.org/index.php?topic=583449.msg6575033#msg6575033)
[some are not happy that NoodleDoodle had only released the built binaries, but not the source code]
-950: (https://bitcointalk.org/index.php?topic=583449.msg6593768#msg6593768)
[Rias, an account suspected to be related to the Bytecoin scam, dares to tag Monero as “instamine”]
-957: “It's rather bizarre that you're calling this an "instamine" scam when you're so fervently supporting BCN, which was mined 80% before entering the clearnet. Difficulty adjustments are per block, so there is no possibility of an instamine unless you don't publish your blockchain (emission is regular at the preset interval, and scales adequately with the network hash rate). What you're accusing monero of is exactly what ByteCoin did.”
https://bitcointalk.org/index.php?topic=583449.msg6594025#msg6594025
[Discussion with rias drags on for SEVERAL posts]
-1016: “There is no "dev team". There is a community of people working on various aspects of the coin.
I've been keeping the repo up to date. NoodleDoodle likes to optimise his miner. TFT started the fork and also assists when things break. othe's been working on a GUI. zone117x has been working on a pool.
It's a decentralized effort to maintain the fork, not a strawman team of leet hackers who dwell in the underbellies of the internet and conspire for instamines.”
(https://bitcointalk.org/index.php?topic=583449.msg6596828#msg6596828)
-1023: “Like I stated in IRC, I am not part of the "dev team", I never was. Just so happens I took a look at the code and changed some extremely easy to spot "errors". I then decided to release the binary because I thought MRO would benefit from it. I made this decision individually and nobody else should be culpable”
(https://bitcointalk.org/index.php?topic=583449.msg6597057#msg6597057)
[Noodledoodle gets rid of the instaminer accusations]
-1029: “I decided to relaunch Monero so it will suit all your wishes that you had: flatter emission curve, open source optimized miner for everybody from the start, no MM with BCN/BMR and the name. New Monero will be ready tomorrow”
(https://bitcointalk.org/index.php?topic=583449.msg6597252#msg6597252)
[people trying to capitalize mistakes is always there.]
-1030: "Pull request has been submitted and merged to update miner speed
It appears from the simplicity of the fix that there may have been deliberate crippling of the hashing algorithm from introduction with ByteCoin."
https://bitcointalk.org/index.php?topic=583449.msg6597460#msg6597460
[tacotime “officially” raises suspects of possible voluntarily crippled miner]
-1053: "I don't mind the 'relaunch' or the merge-mining fork or any other new coin at all. It's inevitable that the CryptoNote progresses like scrypt into a giant mess of coins. It's not undesirable or 'wrong'. Clones fighting out among themselves is actually beneficial for Monero. Although one of them is clearly unserious and trolling by choosing the same name.
Anyway, this sudden solidarity with BCN or TFT sure is strange when none of these accounts were around for the discussions that took place 3 weeks ago. Such vested interests with no prior indications. Hmm...? "
https://bitcointalk.org/index.php?topic=583449.msg6599013#msg6599013
[eizh points out the apparent organized fudding]
-1061: "There was no takeover. The original developer (who himself did a fork of bytecoin and around a dozen lines of code changes) was non-responsive and had disappeared. The original name had been cybersquatted all over the place (since the original developer did not even register any domain name much less create a web site), making it impossible to even create a suitably named web site. A bunch of us who didn't want to see the coin die who represented a huge share of the hash power and ownership of the coin decided to adopt it. We reached out to the original developer to participate in this community effort and he still didn't respond over 24 hours, so we decided to act to save the coin from neglect and actively work toward building the coin."
(https://bitcointalk.org/index.php?topic=583449.msg6599798#msg6599798)
[smooth defends legitimacy of current “dev team” and decisions taken]
-1074: “Zerocash will be announced soon (May 18 in Oakland? but open source may not be ready then?).
Here is a synopsis of the tradeoffs compared to CyptoNote: […]"
(https://bitcointalk.org/index.php?topic=583449.msg6602891#msg6602891)
[comparison among Zerocash y Cryptonote]
-1083: "Altcoin history shows that except in the case of premine (Tenebrix), the first implementation stays the largest by a wide margin. We're repeating that here by outpacing Bytecoin (thanks to its 80% mine prior to surfacing). No other CN coin has anywhere near the hashrate or trading volume. Go check diff in Fantom for example or the lack of activity in BCN trading.
The only CN coin out there doing something valuable is HoneyPenny, and they're open source too. If HP develops something useful, MRO can incorporate it as well. Open source gives confidence. No need for any further edge."
(https://bitcointalk.org/index.php?topic=583449.msg6603452#msg6603452)
[eizh reminds everyone the “first mover” advantage is a real advantage]
-1132: "I decided to tidy up bitmonero GitHub rep tonight, so now there is all valuable things from latest BCN commits & Win32. Faster hash from quazarcoin is also there. So BMR rep is the freshest one.
I'm working on another good feature now, so stay tuned."
(https://bitcointalk.org/index.php?topic=583449.msg6619738#msg6619738)
[first TFT apparition in weeks, he somehow pretends to still be the "lead dev"]
-1139: "This is not the github or website used by Monero. This github is outdated even with these updates. Only trust binaries from the first post."
(https://bitcointalk.org/index.php?topic=583449.msg6619971#msg6619971)
[eizh tries to clarify the community, after tft interference, which are the official downloads]
-1140: “The faster hash is from NoodleDoodle and is already submitted to the moner-project github (https://github.com/monero-project/bitmonero) and included in the binaries here.
[trying to bring TFT back on board] It would be all easier if you just work together with the other guys, whats the problem? Come to irc and talk like everyone else?
[on future monero exchangers] I got confirmation from one."
(https://bitcointalk.org/index.php?topic=583449.msg6619997#msg6619997)
[8th may 2014, othe announces NoodleDoodle optimized miner is now open source, asks TFT to collaborate and communicates an exchanger is coming]
-1146: "I'll be impressed if they [BCN/TFT shills] manage to come up with an account registered before January, but then again they could buy those.”
(https://bitcointalk.org/index.php?topic=583449.msg6620257#msg6620257)
[smooth]
-1150: “Ring signatures mean that when you sign a transaction to spend an output (coins), no one looking at the block chain can tell whether you signed it or one of the other outputs you choose to mix in with yours. With a mixing factor of 5 or 10 after several transactions there are millions of possible coins all mixed together. You get "anonymity" and mixing without having to use a third party mixer.”
(https://bitcointalk.org/index.php?topic=583449.msg6620433#msg6620433)
[smooth answering to “what are ring signatures” in layman terms]
-1170: "Someone (C++ skilled) did private optimized miner a few days ago, he got 74H/s for i5 haswell. He pointed that mining code was very un-optimized and he did essential improvements for yourself. So, high H/S is possible yet. Can the dev's core review code for that?"
(https://bitcointalk.org/index.php?topic=583449.msg6623136#msg6623136)
[forums are talking about an individual or group of individuals with optimized miners - may 9th 2014]
-1230: "Good progress on the pool reported by NOMP dev zone117x. Stay tuned, everyone.
And remember to email your favorite exchanges about adding MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6640190#msg6640190)
-1258: "This is actually as confusing to us as you. At one point, thankful_for_today said he was okay with name change: https://bitcointalk.org/index.php?topic=563821.msg6368600#msg6368600
Then he disappeared for more than a week after the merge mining vote failed.”
(https://bitcointalk.org/index.php?topic=583449.msg6645981#msg6645981)
[eizh on the TFT-issue]
-1358: “Jadehorse: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=263597
https://bitcointalk.org/index.php?action=profile;u=263597;sa=showPosts
Trustnobody: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=264292
https://bitcointalk.org/index.php?action=profile;u=264292;sa=showPosts
You guys should really just stop trying. It is quite transparent what you are doing. Or if you want to do it, do it somewhere else. Everyone else: ignore them please."
(https://bitcointalk.org/index.php?topic=583449.msg6666844#msg6666844)
[FUD campaign still ongoing, smooth battles it]
-1387: "The world’s first exchange for Monero just opened! cryptonote.exchange.to"
(https://bitcointalk.org/index.php?topic=583449.msg6675902#msg6675902)
[David Latapie announces an important milestone: exchanger is here]
-1467: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6686125#msg6686125)
[it is weird, but tft appears again, apparently as if he were in a parallel reality]
-1495: “http://monero.cc/blog/monero-price-0-002-passed/”
(https://bitcointalk.org/index.php?topic=583449.msg6691706#msg6691706)
[“trading” milestone reached: monero surpassed for first time 0.002 btc price]
-1513: "There is one and only one coin, formerly called Bitmonero, now called Monero. There was a community vote in favor (despite likely ballot stuffing against). All of the major stakeholders at the time agreed with the rename, including TFT.
The code base is still called bitmonero. There is no reason to rename it, though we certainly could have if we really wanted to.
TFT said he he is sentimental about the Bitmonero name, which I can understand, so I don't think there is any malice or harm in him continuing to use it. He just posted the nice hash rate chart on here using the old name. Obviously he understands that they are one and the same coin."
(https://bitcointalk.org/index.php?topic=583449.msg6693615#msg6693615)
[Smooth clears up again the relation with TFT and BMR. Every time he appears it seems to generate confusion on newbies]
-1543: "Pool software is in testing now. You can follow the progress on the pool bounty thread (see original post on this thread for link)."
(https://bitcointalk.org/index.php?topic=583449.msg6698097#msg6698097)
-1545: "[on the tail emission debate] I've been trying to raise awareness of this issue. The typical response seems to be, "when Bitcoin addresses the problem, so will we." To me this means it will never be addressed. The obvious solution is to perpetually increase the money supply, always rewarding miners with new coins.
Tacotime mentioned a hard fork proposal to never let the block reward drop below 1 coin:
Code: if (blockReward < 1){ blockReward = 1; }
I assume this is merely delaying the problem, however. I proposed a fixed annual debasement (say 2%) with a tx fee cap of like 0.001% of the current block reward (or whatever sounds reasonable). That way we still get the spam protection without worrying about fee escalation down the road."
(https://bitcointalk.org/index.php?topic=583449.msg6698879#msg6698879)
[Johnny Mnemonic wants to debate tail emission. Debate is moved to the “Monero Economy” thread]
-1603: “My GOD,the wallet is very very wierd and too complicated to operate, Why dont release a wallet-qt as Bitcoin?”
(https://bitcointalk.org/index.php?topic=583449.msg6707857#msg6707857)
[Newbies have hard times with monero]
-1605: "because this coin is not a bitcoin clone and so there isnt a wallet-qt to just copy and release. There is a bounty for a GUI wallet and there is already an experimental windows wallet..."
(https://bitcointalk.org/index.php?topic=583449.msg6708250#msg6708250)
-1611: "I like this about Monero, but it seems it was written by cryptographers, not programmers. The damned thing doesn't even compile on Arch, and there are several bugs, like command history not working on Linux. The crypto ideas are top-notch, but the implementation is not."
(https://bitcointalk.org/index.php?topic=583449.msg6709002#msg6709002)
[Wolf0, a miner developer, little by little joining the community]
-1888: "http://198.199.79.100 (aka moneropool.org) successfully submitted a block. Miners will be paid for their work once payments start working.
P.S. This is actually our second block today. The first was orphaned. :/"
(https://bitcointalk.org/index.php?topic=583449.msg6753836#msg6753836)
[May 16th: first pool block]
-1927: "Botnets aren't problem now. The main problem is a private hi-performance miner"
(https://bitcointalk.org/index.php?topic=583449.msg6759622#msg6759622)
-1927: "Evidence?"
(https://bitcointalk.org/index.php?topic=583449.msg6759661#msg6759661)
[smooth about the private optimized miner]
-1937: “[reference needed: smooth battling the weak evidence of optimized miner] Yes, I remember that. Some person on the Internet saying that some other unnamed person said he did something hardly constitutes evidence.
I'm not even doubting that optimized asm code could make a big difference. Just not sure how to know whether this is real or not. Rumors and FUD are rampant, so it is just hard to tell."
(https://bitcointalk.org/index.php?topic=583449.msg6760040#msg6760040)
[smooth does not take the "proof" seriously]
-1949: "image
One i5 and One e5 connected to local pool:
image"
(https://bitcointalk.org/index.php?topic=583449.msg6760624#msg6760624)
[proof of optimized miner]
-1953: "lazybear are you interested in a bounty to release the source code (maybe cleaned up a bit?) your optimized miner? If not, I'll probably play around with the code myself tomorrow and see if I can come up with something, or maybe Noodle Doodle will take an interest."
(https://bitcointalk.org/index.php?topic=583449.msg6760699#msg6760699)
[smooth tries to bring lazybear and his optimized miner on board]
-1957: "smooth, NoodleDoodle just said on IRC his latest optimizations are 4x faster on Windows. Untested on Linux so far but he'll push the source to the git repo soon. We'll be at 1 million network hashrate pretty soon."
(https://bitcointalk.org/index.php?topic=583449.msg6760814#msg6760814)
[eizh makes publics NoodleDoodle also has more miner optimizations ready]
-1985: “Someone (not me) created a Monero block explorer and announced it yesterday in a separate thread:
https://bitcointalk.org/index.php?topic=611561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6766206#msg6766206)
[May 16th, 2014: a functional block explorer]
-2018: “Noodle is doing some final tests on Windows and will begin testing on Linux. He expects hashrate should increase across all architectures. I can confirm a 5x increase on an i7 quad-core + Windows 7 64-bit.
Please be patient. These are actual changes to the program, not just a switch that gets flicked on. It needs testing.”
(https://bitcointalk.org/index.php?topic=583449.msg6770093#msg6770093)
[eizh has more info on last miner optimization]
-2023: “Monero marketcap is around $300,000 as of now”
(https://bitcointalk.org/index.php?topic=583449.msg6770365#msg6770365)
-2059: I was skeptical of this conspiracy theory at first but after thinking about the numbers and looking back at the code again, I'm starting to believe it.
These are not deep optimizations, just cleaning up the code to work as intended.
At 100 H/s, with 500k iterations, 70 cycles per L3 memory access, we're now at 3.5 GHz which is reasonably close. So the algorithm is finally memory-bound, as it was originally intended to be. But as delivered by the bytecode developers not even close.
I know this is going to sound like tooting our own horn but this is another example of the kind of dirty tricks you can expect from the 80% premine crowd and the good work being done in the name of the community by the Monero developers.
Assuming they had the reasonable, and not deoptimized, implementation of the algorithm as designed all along (which is likely), the alleged "two year history" of bytecoin was mined on 4-8 PCs. It's really one of the shadiest and sleaziest premines scams yet, though this shouldn't be surprising because in every type of scam, the scams always get sneakier and more deceptive over time (the simple ones no longer work)."
(https://bitcointalk.org/index.php?topic=583449.msg6773168#msg6773168)
[smooth blowing the lid: if miner was so de-optimized, then BCN adoption was even lower than initially thought]
-2123: (https://bitcointalk.org/index.php?topic=583449.msg6781481#msg6781481)
[fluffypony first public post in Monero threads]
-2131: "moneropool.org is up to 2KHs, (average of 26Hs per user). But that's still only 0.3% of the reported network rate of 575Khs.
So either a large botnet is mining, or someone's sitting quietly on a much more efficient miner and raking in MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6782192#msg6782192)
[with pools users start to notice that “avg” users account for a very small % of the network hashrate, either botnets or a super-optimized miner is mining monero]
-2137: “I figure its either:
(https://bitcointalk.org/index.php?topic=583449.msg6782852#msg6782852)
-2192: “New source (0.8.8.1) is up with optimizations in the hashing. Hashrate should go up ~4x or so, but may have CPU architecture dependence. Windows binaries are up as well for both 64-bit and 32-bit."
(https://bitcointalk.org/index.php?topic=583449.msg6788812#msg6788812)
[eizh makes official announce of last miner optimization, it is may 17th]
-2219: (https://bitcointalk.org/index.php?topic=583449.msg6792038#msg6792038)
[wolf0 is part of the monero community for a while, discussing several topics as botnet mining and miner optimizations. Now spots security flaws in the just launched pools]
-2301: "5x optimized miner released, network hashrate decreases by 10% Make your own conclusions. :|"
(https://bitcointalk.org/index.php?topic=583449.msg6806946#msg6806946)
-2323: "Monero is on Poloniex https://poloniex.com/exchange/btc_mro"
(https://bitcointalk.org/index.php?topic=583449.msg6808548#msg6808548)
-2747: "Monero is holding a $500 logo contest on 99designs.com now: https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486"
(https://bitcointalk.org/index.php?topic=583449.msg6829109#msg6829109)
-2756: “So... ALL Pools have 50KH/s COMBINED.
Yet, network hash is 20x more. Am i the only one who thinks that some people are insta mining with prepared faster miners?”
(https://bitcointalk.org/index.php?topic=583449.msg6829977#msg6829977)
-2757: “Pools aren't stable yet. They are more inefficient than solo mining at the moment. They were just released. 10x optimizations have already been released since launch, I doubt there is much more optimization left.”
(https://bitcointalk.org/index.php?topic=583449.msg6830012#msg6830012)
-2765: “Penalty for too large block size is disastrous in the long run.
Once MRO value increases a lot, block penalties will become more critical of an issue. Pools will fix this issue by placing a limit on number and size of transactions. Transaction fees will go up, because the pools will naturally accept the most profitable transactions. It will become very expensive to send with more than 0 mixin. Anonymity benefits of ring signatures are lost, and the currency becomes unusable for normal transactions.”
(https://bitcointalk.org/index.php?topic=583449.msg6830475#msg6830475)
-2773: "The CryptoNote developers didn't want blocks getting very large without genuine need for it because it permits a malicious attack. So miners out of self-interest would deliberately restrict the size, forcing the network to operate at the edge of the penalty-free size limit but not exceed it. The maximum block size is a moving average so over time it would grow to accommodate organic volume increase and the issue goes away. This system is most broken when volume suddenly spikes."
(https://bitcointalk.org/index.php?topic=583449.msg6830710#msg6830710)
-3035: "We've contributed a massive amount to the infrastructure of the coin so far, enough to get recognition from cryptonote, including optimizing their hashing algorithm by an order of magnitude, creating open source pool software, and pushing several commits correcting issues with the coin that eventually were merged into the ByteCoin master. We also assisted some exchange operators in helping to support the coin.
To say that has no value is a bit silly... We've been working alongside the ByteCoin devs to improve both coins substantially."
(https://bitcointalk.org/index.php?topic=583449.msg6845545#msg6845545)
[tacotime defends the Monero team and community of accusations of just “ripping-off” others hard-work and “steal” their project]
-3044: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6845986#msg6845986)
[Monero added to coinmarketcap may 21st 2014]
-3059: "You have no idea how influential you have been to the success of this coin. You are a great ambassador for MRO and one of the reasons why I chose to mine MRO during the early days (and I still do, but alas no soup for about 5 days now)."
(https://bitcointalk.org/index.php?topic=583449.msg6846509#msg6846509)
[random user thanks smooth CONSTANT presence, and collaboration. It is not all FUD ;)]
-3068: "You are a little too caught up in the mindset of altcoin marketing wars about "unique features" and "the team" behind the latest pump and dump scam.
In fact this coin is really little more than BCN without the premine. "The team" is anyone who contributes code, which includes anyone contributing code to the BCN repository, because that will get merged as well (and vice-versa).
Focus on the technology (by all accounts amazing) and the fact that it was launched in a clean way without 80% of the total world supply of the coin getting hidden away "somewhere." That is the unique proposition here. There also happens to be a very good team behind the coin, but anyone trying too hard to market on the basis of some "special" features, team, or developer is selling you something. Hold on to your wallet."
(https://bitcointalk.org/index.php?topic=583449.msg6846638#msg6846638)
[An answer to those trolls saying Monero has no innovation/unique feature]
-3070: "Personally I found it refreshing that Monero took off WITHOUT a logo or a gui wallet, it means the team wasn't hyping a slick marketing package and is concentrating on the coin/note itself."
(https://bitcointalk.org/index.php?topic=583449.msg6846676#msg6846676)
-3119: “image
[included for the lulz]
-3101: "[…]The main developers are tacotime, smooth, NoodleDoodle. Some needs are being contracted out, including zone117x, LucasJones, and archit for the pool, another person for a Qt GUI, and another person independently looking at the code for bugs."
(https://bitcointalk.org/index.php?topic=583449.msg6848006#msg6848006)
[the initial "core team" so far, eizh post]
-3123: (https://bitcointalk.org/index.php?topic=583449.msg6850085#msg6850085)
[fluffy steps-in with an interesting dense post. Don’t dare to skip it, worthwhile reading]
-3127: (https://bitcointalk.org/index.php?topic=583449.msg6850526#msg6850526)
[fluffy again, worth to read it too, so follow link, don’t be lazy]
-3194: "Hi guys - thanks to lots of hard work we have added AES-NI support to the slow_hash function. If you're using an AES-NI processor you should see a speed-up of about 30%.”
(https://bitcointalk.org/index.php?topic=583449.msg6857197#msg6857197)
[flufflypony is now pretty active in the xmr topic and announces a new optimization to the crippled miner]
-3202: "Whether using pools or not, this coin has a lot of orphaned blocks. When the original fork was done, several of us advised against 60 second blocks, but the warnings were not heeded.
I'm hopeful we can eventually make a change to more sane 2- or 2.5-minute blocks which should drastically reduce orphans, but that will require a hard fork, so not that easy."
(https://bitcointalk.org/index.php?topic=583449.msg6857796#msg6857796)
[smooth takes the opportunity to remember the need of bigger target block]
-3227: “Okay, optimized miner seems to be working: https://bitcointalk.org/index.php?topic=619373”
[wolf0 makes public his open source optimized miner]
-3235: "Smooth, I agree block time needs to go back to 2 minutes or higher. I think this and other changes discussed (https://bitcointalk.org/index.php?topic=597878.msg6701490#msg6701490) should be rolled into a single hard fork and bundled with a beautiful GUI wallet and mining tools."
(https://bitcointalk.org/index.php?topic=583449.msg6861193#msg6861193)
[tail emission, block target and block size are discussed in the next few messages among smooth, johnny and others. If you want to know further about their opinions/reasonings go and read it]
-3268: (https://bitcointalk.org/index.php?topic=583449.msg6862693#msg6862693)
[fluffy dares another user to bet 5 btc that in one year monero will be over dash in market cap. A bet that he would have lost as you can see here https://coinmarketcap.com/historical/20150524/ even excluding the 2M “instamined” coins]
-3283: "Most of the previous "CPU only" coins are really scams and the developers already have GPU miner or know how to write one. There are a very few exceptions, almost certainly including this one.
I don't expect a really dominant GPU miner any time soon, maybe ever. GPUs are just computers though, so it is certainly possible to mine this on a GPU, and there probably will be a some GPU miner, but won't be so much faster as to put small scale CPU miners out of business (probably -- absent some unknown algorithmic flaw).
Everyone focuses on botnets because it has been so long since regular users were able to effectively mine a coin (due to every coin rapidly going high end GPU and ASIC) that the idea that "users" could vastly outnumber "miners" (botnet or otherwise) isn't even on the radar.
The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended) [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.
That's what cryptonote wants to accomplish with this whole "egalitarian mining" concept. Whether it succeeds I don't know but we should give it a chance. Those cryptonote guys seem pretty smart. They've probably thought this through better than any of us have."
(https://bitcointalk.org/index.php?topic=583449.msg6863720#msg6863720)
[smooth vision of a true p2p currency]
-3318: "I have a screen shot that was PMed to me by someone who paid a lot of money for a lot of servers to mine this coin. He won't be outed by me ever but he does in fact exist. Truth."
(https://bitcointalk.org/index.php?topic=583449.msg6865061#msg6865061)
[smooth somehow implies it is not botnets but an individual or a group of them renting huge cloud instances]
-3442: "I'm happy to report we've successfully cracked Darkcoin's network with our new quantum computers that just arrived from BFL, a mere two weeks after we ordered them."
[fluffy-troll]
-3481: “Their slogan is, "Orphaned Blocks, Bloated Blockchain, that's how we do""
(https://bitcointalk.org/index.php?topic=583449.msg6878244#msg6878244)
[Major FUD troll in the topic. One of the hardest I’ve ever seen]
-3571: "Tacotime wanted the thread name and OP to use the word privacy instead of anonymity, but I made the change for marketing reasons. Other coins do use the word anonymous improperly, so we too have to play the marketing game. Most users will not bother looking at details to see which actually has more privacy; they'll assume anonymity > privacy. In a world with finite population, there's no such thing as anonymity. You're always "1 of N" possible participants.
Zero knowledge gives N -> everyone using the currency, ring signatures give N -> your choice, and CoinJoin gives N -> people who happen to be spending around the same amount of money as you at around the same time. This is actually the critical weakness of CoinJoin: the anonymity set is small and it's fairly susceptible to blockchain analysis. Its main advantage is that you can stick to Bitcoin without hard forking.
Another calculated marketing decision: I made most of the OP about ring signatures. In reality, stealth addressing (i.e. one-time public keys) already provides you with 90% of the privacy you need. Ring signatures are more of a trump card that cannot be broken. But Bitcoin already has manual stealth addressing so the distinguishing technological factor in CryptoNote is the use of ring signatures.
This is why I think having a coin based on CoinJoin is silly: Bitcoin already has some privacy if you care enough. A separate currency needs to go way beyond mediocre privacy improvements and provide true indistinguishably. This is true thanks to ring signatures: you can never break the 1/N probability of guessing correctly. There's no additional circumstantial evidence like with CoinJoin (save for IP addresses, but that's a problem independent of cryptocurrencies)."
(https://bitcointalk.org/index.php?topic=583449.msg6883525#msg6883525)
[Anonymity discussions, specially comparing Monero with Darkcoin and its coinjoin-based solution, keep going on]
-3593: "Transaction fees should be a fixed percentage of the block reward, or at the very least not be controllable by the payer. If payers can optionally pay more then it opens the door for miner discrimination and tx fee bidding wars."
(https://bitcointalk.org/index.php?topic=583449.msg6886770#msg6886770)
[Johnny Mnemonic is a firm defender of fixed fees and tail emission: he see the “fee market” as big danger to the usability of cryptocurrencies]
-3986: (https://bitcointalk.org/index.php?topic=583449.msg6930412#msg6930412)
[partnership with i2p]
-4373: “Way, way faster version of cpuminer: https://bitcointalk.org/index.php?topic=619373”
(https://bitcointalk.org/index.php?topic=583449.msg6993812#msg6993812)
[super-optimized miner is finally leaked to the public. Now the hashrate is 100 times bigger than originally with crippled miner. The next hedge for "cloud farmers" is GPU mining]
-4877: “1. We have a logo! If you use Monero in any of your projects, you can grab a branding pack here. You can also see it in all its glory right here:
logo […] 4. In order to maintain ISO 4217 compliance, we are changing our ticker symbol from MRO to XMR effective immediately."
(https://bitcointalk.org/index.php?topic=583449.msg7098497#msg7098497)
[Jun 2nd 2014]
-5079: “First GPU miner: https://bitcointalk.org/index.php?topic=638915.0”
(https://bitcointalk.org/index.php?topic=583449.msg7130160#msg7130160)
[4th June: Claymore has developed the first CryptoNight open source and publicly available GPU miner]
-5454: "New update to my miner - up to 25% hash increase. Comment and tell me how much of an increase you got from it: https://bitcointalk.org/index.php?topic=632724"
(https://bitcointalk.org/index.php?topic=583449.msg7198061#msg7198061)
[miner optimization is an endless task]
-5464: "I have posted a proposal for fixed subsidy:
https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538"
(https://bitcointalk.org/index.php?topic=583449.msg7202776#msg7202776)
[Nice charts and discussion proposed by tacotime, worth reading it]
-5658: "- New seed nodes added. - Electrum-style deterministic wallets have been added to help in the recovery of your wallet should you ever need to. It is enabled by default."
(https://bitcointalk.org/index.php?topic=583449.msg7234475#msg7234475)
[Now you can recover your wallet with a 24 word seed]
-5726: (https://bitcointalk.org/index.php?topic=583449.msg7240623#msg7240623)
[Bitcoin Pizza in monero version: a 2500 XMR picture sale (today worth ~$20k)]
-6905: (https://bitcointalk.org/index.php?topic=583449.msg7386715#msg7386715)
[Monero missives: CryptoNote peer review starts whitepaper reviewed)]
-7328: (https://bitcointalk.org/index.php?topic=583449.msg7438333#msg7438333)
[android monero widget built]
This is a dense digest of the first several thousand messages on the definitive Monero thread.
A lot of things happened in this stressful days and most are recorded here. It can be summarized in this:
  • 28th April: Othe and zone117x assume the GUI wallet and CN pools tasks.
  • 30th April: First NoodleDoodle's miner optimization.
  • 11th May: First Monero exchanger
  • 13th May: Open source pool code is ready.
  • 16th May: First pool mined block.
  • 19th May: Monero in poloniex
  • 20th May: Monero +1100 bitcoin 24h trading volume in Poloniex.
  • 21st May: New official miner optimization x4 speed (accumulated optimization x12-x16). Open source wolf0's CPU miner released.
  • 25th May: partnership with i2p
  • 28th May: The legendary super-optimized miner is leaked. Currently running x90 original speed. Hedge of the "cloud farmers" is over in the cpu mining.
  • 2nd June: Monero at last has a logo. Ticker symbol changes to the definitive XMR (former MRO)
  • 4th June: Claymore's open source GPU miner.
  • 10th June: Monero's "10,000 bitcoin pizza" (2500 XMR paintig). Deterministic seed-based wallets (recover wallet with a 24 word seed)
  • March 2015 – tail emission added to code
  • March 2016 – monero hard forks to 2 min block and doubles block reward
There basically two things in here that can be used to attack Monero:
  • Crippled miner Gave unfair advantage to those brave enough to risk money and time to optimize and mine Monero.
  • Fast curve emission non-bitcoin-like curve as initially advertised and as it was widely accepted as suitable
Though we have to say two things to support current Monero community and devs:
  • The crippled miner was coded either by Bytecoin or CryptoNote, and 100% solved within a month by Monero community
  • The fast curve emission was a TFT miscalculation. He forgot to consider that as he was halving the block target he was unintentionally doubling the emission rate.
submitted by el_hispano to Monero [link] [comments]

An advice for poor shibes who want to mine

First of all I love dogecoin and I would mine if I had ASIC, but I have only CPU and GPU on my laptop, my last experience was 1 dogecoin in 24 hours! Yes that sucks, but I found a way to get more dogecoins in less time, 1 vertcoin is 0.00049700 BTC which is 747.23 XDG and you can easily kick 15 VTC per day on a normal multi core CPU. How? Because vertcoin is using mining kernel lyra2e right now and is protected against ASIC so no miners will own your simple machine, everyone is using CPU its like bitcoin in the old days before ASIC. I have some issues with my GPU but the CPU is working fluently and mining in P2POOL. no one will advice you, and they would rather flame that it's better to mine XDG because no one will feel the pain of being broke without enough money to have mining hardware and no one will feel your pain of actually doing this for a living, I am without job for 5 months and I am trying to make a living and at the same time I buy dogecoin with most of the little coins I make for 2 honest reasons 1- I love dogecoin and 2- I like how the price is growing up and I like the fact that I am a part of that growing. Most shibes doing it for fun, me too I am having lot of fun!, and yeah I am looking for a real job, without a job I am buying dogecoin whenever I get the chance, imagine if I get a job! I will invest easily $3 daily on the moonpledge!
Again let me remind you, being a shibe means acceping all possible profitables for the dogecoin and our community and being open to other possibilities.
Extra: It's the same as mining any coin but the cpuminer or cuda or whatever depends on your system have to support lyra2 algorithm, I got around 300khs on half of my cores which is so fast and the diffecilty is still low, fast miners like asic doesn't work with this coin so people with CPU and GPU will be able to mine for years to come and higher it goes in price the more profitable right now 1VTC:$0.10 also the smallest is 1vtc so it's similiar to dogecoin.
get this miner if you are in windows works best for me: https://github.com/LucasJones/cpuminer-multi/releases connect to this P2pool with 0 fee and not controlled by anyone: http://p2pool.pl also get a downloadable wallet, online wallets have problems with p2pools because pools send the coins small parts once it's mined and get confirmation and online wallets accept solid numbers only "and I don't trust online wallets". so download the wallet: https://vertcoin.org/ it should sync fast. mining is preferred in multi core proccessors can be an old laptop laying around dual core, quad, i3, i7 etc.
one more thing I will show you how my start.bat looks like for the miner because I spent long time to know it XD maybe it will save you time.
cpuminer-multi-mingw64 -a lyra2 -u Vy7H6kaek74v72gT9ZJeDSaq1EqUJYuSP7 -p x -o stratum+tcp://eu.p2pool.pl:9171 pause 
Replace Vy7H6kaek74v72gT9ZJeDSaq1EqUJYuSP7 with your address, password can be anything, also don't forget to donate some of your firstly mined vertcoins hehe
Trade vertcoin to dogecoin here: https://bter.com/trade/vtc_btc or find your own market there is lot.
Note: Vertcoin can be used to transfer dogecoins or bitcoins it's called combained coin, so it can hold another coin inside of it, also it have something called stealth address which I don't know. too bad too see that their reddit community is much dead so if you shibes want to take over here you go: http://www.reddit.com/vertcoin/
submitted by KawaiGurl to dogecoin [link] [comments]

Litcoin mining newb/ gaming as mining rig?

I have a disused gaming rig and want to repurpose it for litecoin mining.
Did a small 'beta test' on the gutted machine with cpuminer and it's OK. Now I have about a dozen graphics cards I can choose from to use, but I'm curious if I should.....
A) use the Radeon 290x cards I have and mine away! or
B) sell all of the graphics cards and buy a dedicated ASIC. If so, which ones are good?
I'm interested In mining litecoin because of the Bitcoin dramz. The Bitcoin forking is a problem. The time it takes to finish a transaction is a problem. The bitcoin hacking is a huge problem.
(U don't need to read this part, just riffing off some thoughts unrelated to the rig) The psychology of a bitcoin is a problem for laypeople and why I think litecoin has value.... the more zeros behind a decimal it gets harder for a user to wrap their head around costs. " It's 0.1288 bitcoin, ehh?" Vs "20 litecoin please!" For those in the known, they're the same. For trading goods for money from laypeople, it is a huge annoyance. Let's be real, for any coin to survive you need laypeople to understand the currency and how to aquire and use it for its value in the marketplace to increase. I suspect , as litecoin supply is theoretically infinite, an individual litecoin will unlikely approach $1000/coin. That's OK. If a litecoin is worth $20 usd, but prices are easy to understand to laymen with litecoin and merchants are plentiful to accept it, then why not? And I think people are taking a second look at litecoin as I am during the BTC drama.
submitted by Nootbee to litecoin [link] [comments]

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