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Introduction to Garlicoin
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.
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
Important: While depositing / transferring Bitcoin may be the simplest way to exchange for Zoin, it is certainly the most expensive right now. We recommend buying an altcoin with a much cheaper transaction fee than Bitcoin’s (Ethereum, Litecoin, etc.), and exchanging it for Bitcoin on Cryptopia, then exchanging to Zoin.
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.
Advanced: If you want to synchronize your wallet faster, you can do the following steps:
Close your wallet (if it’s open).
Delete the following folders from %appdata% on Windows or Library/Application Support/Zoin on Mac: Blocks, Chainstate and the file peers.dat
Download the latest blockchain file, extract using 7Zip or your preferred program.
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
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).
Important: Making Your Wallet Secure
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.
Advanced: Recovering Your Wallet's Private Key
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:
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)
Make sure Docker is up and running. You can check it in the top corner of your screen.
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!
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.
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.
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
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.
The pools are all reporting the wrong network data (I hope its this - but the rate of discovery of blocks by pools would suggest otherwise)”
(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.
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/
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.
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