CPUMINER-OPT v3.14.1: Optimized multi algo CPU miner ...
CGMiner. Alles über Kryptowährungen - BitcoinWiki
BTC-Miner - Bitcoin mining in your browser
wafflepool.com - An auto switching scrypt coin mining pool
WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
The home for the most innovative cryptocurrency, VeriCoin and Verium VeriCoin: Proof-of-Stake-Time Protocol. PoST Verified. Verium: Proof-of-Work-Time Protocol. PoWT Verified. CPU Mine-able (GPU and ASIC Resistant)
New England New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/ NewEnglandcoin Symbol: NENG NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones. Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt. 1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377 NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number Bitcoin Fork - Suitable for Home Hobbyists NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs. The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity. MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018) https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software. Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%. NENG v1.4.0 release enabled CPU mining inside android phones. Youtube Video Tutorial How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG. We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange. Twitter Airdrop Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners Graphic Redesign Bounty Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form. Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues. Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1 Milestones
Sep 3, 2018 - Genesis block was mined, NewEnglandcoin created
Sep 8, 2018 - github source uploaded, Window wallet development work started
Sep 11,2018 - Window Qt Graphic wallet completed
Sep 12,2018 - NewEnglandcoin Launched in both Bitcointalk forum and Marinecoin forum
Sep 14,2018 - NewEnglandcoin is listed at ShorelineCrypto Exchange
Sep 17,2018 - Block Explorer is up
Nov 23,2018 - New Source/Wallet Release v1.1.1 - Enabled Dynamic Addjustment on Mining Hashing Difficulty
Nov 28,2018 - NewEnglandcoin became CPU minable coin
Nov 30,2018 - First Retail Real Life usage for NewEnglandcoin Announced
Dec 28,2018 - Cheetah_Cpuminer under Linux is released
Dec 31,2018 - NENG Technical Whitepaper is released
Jan 2,2019 - Cheetah_Cpuminer under Windows is released
Jan 12,2019 - NENG v1.1.2 is released to support MacOS GUI CLI Wallet
Jan 13,2019 - Cheetah_CpuMiner under Mac is released
Feb 11,2019 - NewEnglandcoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork
Mar 16,2019 - NewEnglandcoin v18.104.22.168 Released - Ubuntu 18.04 Wallet Binary Files
Apr 7, 2019 - NENG Report on Security, Decentralization, Valuation
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto
Sep 1, 2019 - Shoreline Tradingbot project is Launched by ShorelineCrypto
Dec 19, 2019 - Shoreline Tradingbot v1.0 is Released by ShorelineCrypto
Jan 30, 2020 - Scrypt RandomSpike - NENG v1.3.0 Hardfork Proposed
Feb 24, 2020 - Scrypt RandomSpike - NENG core v1.3.0 Released
Jun 19, 2020 - Linux scripts for Futurebit Moonlander2 USB ASIC on solo mining Released
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
Jul 21, 2020 - NENG v22.214.171.124 Released for MacOS Wallet Upgrade with Catalina
Jul 30, 2020 - NENG v126.96.36.199 Released for Linux Wallet Upgrade with 8 Distros
Aug 11, 2020 - NENG v188.8.131.52 Released for Android arm64 Upgrade, Chromebook Support
Aug 30, 2020 - NENG v184.108.40.206 Released for Android/Chromebook with armhf, better hardware support
2018 Q3 - Birth of NewEnglandcoin, window/linux wallet - Done
2018 Q4 - Decentralization Phase I
Blockchain Upgrade - Dynamic hashing algorithm I - Done
Cheetah Version I- CPU Mining Automation Tool on Linux - Done
2019 Q1 - Decentralization Phase II
Cheetah Version II- CPU Mining Automation Tool on Window/Linux - Done
Blockchain Upgrade Dynamic hashing algorithm II - Done
2019 Q2 - Fiat Phase I
Assessment of Risk of 51% Attack on NENG - done
Launch of Fiat USD/NENG offering for U.S. residents - done
Initiation of Mobile Miner Project - Done
2019 Q3 - Shoreline Tradingbot, Mobile Project
Evaluation and planning of Mobile Miner Project - on Hold
Initiation of Trading Bot Project - Done
2019 Q4 - Shoreline Tradingbot
Shoreline tradingbot Release v1.0 - Done
2020 Q1 - Evaluate NENG core, Mobile Wallet Phase I
NENG core Decentralization Security Evaluation for v1.3.x - Done
Light Mobile Wallet Project Initiation, Evaluation
2020 Q2 - NENG Core, Mobile Wallet Phase II
NENG core Decentralization Security Hardfork on v1.3.x - Scrypt RandomSpike
Light Mobile Wallet Project Design, Coding
2020 Q3 - NENG core, NENG Mobile Wallet Phase II
Review on results of v1.3.x, NENG core Dev Decision on v1.4.x, Hardfork If needed
Light Mobile Wallet Project testing, alpha Release
2020 Q4 - Mobile Wallet Phase III
Light Mobile Wallet Project Beta Release
Light Mobile Wallet Server Deployment Evaluation and Decision
[MINING] Can anyone help with this? "stratum_subscribe timed out ...retry after 10 seconds"
Hi everyone, Just as a disclaimer for the beginning, I'm not investing in Bitcoin, I'm not doing this for any profit or reason, it's more for my own interest. I'm trying to do some mining on my Raspberry Pi 3, and I have set up a wallet, got a pool account with Slush Pool, and installed or the libraries and software needed to run. As far as I am aware I have ran the right code. However, when I run it, I get this:
./cpuminer --algo sha256d --url stratum+tcp://eu.stratum.slushpool.com:3333 --user CENSORED --pass CENSORED ** cpuminer-multi 1.3.7 by [email protected] ** [2020-05-18 21:25:38] Starting Stratum on stratum+tcp://eu.stratum.slushpool.com:3333 [2020-05-18 21:25:38] 4 miner threads started, using 'sha256d' algorithm. [2020-05-18 21:26:08] stratum_subscribe timed out [2020-05-18 21:26:08] ...retry after 10 seconds [2020-05-18 21:26:48] stratum_subscribe timed out [2020-05-18 21:26:48] ...retry after 10 seconds [2020-05-18 21:27:28] stratum_subscribe timed out [2020-05-18 21:27:28] ...retry after 10 seconds [2020-05-18 21:28:08] stratum_subscribe timed out [2020-05-18 21:28:08] ...retry after 10 seconds [2020-05-18 21:28:48] stratum_subscribe timed out [2020-05-18 21:28:48] ...retry after 10 seconds
Anyone have any idea on how to sort this out? Thanks
To mine Bitcoin Rhodium you need to set up an XRC wallet and configure your miner of choice. You can choose between Web wallet, Electrum-XRC or Magnum wallet. To set up a web wallet please visit wallet.bitcoinrh.org. Or download and install Electrum-XRC wallet (recommended) for Windows, Linux and MacOS.
Any miner that supports X13 will be able to mine XRC. We have a few examples below of miners that are well tested with Bitcoin Rhodium network.
For any miner, configure the miner to point to:
(0–0.8 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3061 (0.8–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062 (3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063 (5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064 with your XRC address as username and x as password. You don’t need to open an account on pool. You will be mining to XRC address and mined coins will be transferred to your wallet • after blocks reach 10 block maturity • after you mined up minimal amount of coins (currently 0.1 XRC) • sometimes mined blocks could get rejected by network (orphaned) after they were counted as valid blocks. This is normal network behavior to follow longest chain
CCMiner is a GPU-based miner (NVIDIA) Command to run your CCMINER: ccminer-x64.exe -a x13 -o stratum+tcp://poolcore.bitcoinrh.org:3062 -O :without -D — show-diff
Settings: Url: (0–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062 (3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063 (5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064 Algo: x13User: your XRC receiving address (make sure you set 2 distinct addresses for each hashing board) Pass: x Extranonce: leave off Priority set to 0 and 1 Once pool stratum address and your wallet as user are set up you should see your miner mining against XRC pool. When miner is working the status column is green. The pool and miner are incorrectly configured now as status says “Dead” highlighted in red.
Instructions for mining XRC on BSOD pool
Pool link:bsod.pw/en/pool/dashboard/XRC/ Use this code for your miner: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig BSOD pool allows both solo and party mining.
For solo mining use code: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=solo And for party mining use: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=party.yourpassword
NOTICE: You can use us for North America and asia for Asia instead of euin your .bat file or config. You can also use BSOD pool’s monitor app forAndroidandiOS.
Instructions for mining XRC on ZERGPOOL
Zergpool offers low fees (just 0.5%) and also SOLO and PARTY mining with no extra fees. To mine XRC on Zergpool use this command lines for your miner:
Regular: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC Solo: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=solo Party: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=party
Use your coin wallet address as username in mining software. Specify c=SYMBOL as password to identify payout wallet coin, and the same coin in mc=SYMBOL to specify mining coin. For more information and support please visit http://zergpool.com Notice that when there are more pools mining XRC in different geographic/availability locations choose the nearest to you as lowest priority and then add desirable fall back pool options in different geographic locations or pools. This is useful when one pool experiences issues, to fall back to different pool in Bitcoin Rhodium network.
Calculate your Bitcoin Rhodium mining profitability
What is Sugarchain? Sugarchain is a Bitcoin fork with significant enhancements. • 5 seconds transaction speed; • Accurate halvings; • CPU mining only, GPU/ASIC resistant; • Native SegWit(Bech32) built-in by default. • YespowerSugar (based on Yespower 1.0.1) PoW algorithm; • SugarShield-N510 (based on Zcash's modification of Digishield) difficulty; How do I get some SUGAR? • You can mine SUGAR with your CPU. CLI miner: https://github.com/cryptozeny/cpuminer-opt-sugarchain GUI miner: https://github.com/Nugetzrul3/sugarchain-GUI-miner • You can buy SUGAR on exchange. We are currently listed on Altmarkets.io and Ex4ange.org. Who is behind Sugarchain? Sugarchain is a community driven project. We are all crypto enthusiasts and volunteers. Here is a list of people who contributes to Sugarchain eco-system: https://github.com/sugarchain-project/team-contacts Was there a premine, ico, presale? No. Sugarchain was launched in August 24, 2019. The date was announced beforehand, so everybody started mining at the same time. What's the maximum supply? 1,073,741,824 SUGAR Is Sugarchain an open source? Yes. GitHub: https://github.com/sugarchain-project/sugarchain Do you have a community fund? Yes. It is based on community donations. We are using it to reward people for their work. sugar1qg306xfw4895amwmspnm5j7qu3fev2dre53qlns What are your official social links? Our official website is sugarchain.org. Check discord links channel to find others.
I listed it on bitcointalk last week: https://bitcointalk.org/index.php?topic=2625076.0 Since then, the network hash rate has increased significantly, probably because somebody has set up a mining pool (details below) I'd love to take some suggestions on how I could give this project some momentum. Happy to reward people with XCOIN for any good ideas or work :) I think most importantly it needs to be listed on an exchange to be able to assign some value, but I don't have any budget to do this. Are there any exchanges which allow free listing? Windows software that can be used with the below pools: http://cryptomining-blog.com/8134-windows-binaries-for-the-cpuminer-opt-3-3-8-cpu-mine or http://cryptomining-blog.com/7805-new-cpuminer-multi-fork-with-hmq1725-algorithm-support/ Mining pools: ArcPool.com -=ArcPool=- is ready for XCoin (hmq1725): https://arcpool.com fee rate 0.9%, no need registration, payouts every 1 hour, welcome! -a hmq1725 -o stratum+tcp://arcpool.com:3747 -u YOUR_WALLET_ADDRESS -p c=XCOIN Block explorer: https://arcpool.com/exploreXCOIN List of Nodes: https://arcpool.com/explorepeers?id=1962 e.g. run: cpuminer -a hmq1725 -o stratum+tcp://arcpool.com:3747 -u xT1m5UoWpVw9qypY9qD1zjPnNMXb2YsLpL -p c=XCOIN Bitcoin-Pool.de http://bitcoin-pool.de We changed Our MiningPool Server to New Hardware ( Xeon1230v6, 32gb DDR4 Ram, 480GB SSD in RAID and GIGABIT Upload!! ) stratum+tcp://220.127.116.11:3747 -u YOUR_WALLET_ADDRESS -p c=XCOIN Fee: 0.5%, they also seem to take 5.12 XCOIN from each block. e.g. run: cpuminer -a hmq1725 -o stratum+tcp://18.104.22.168:3747 -u xT1m5UoWpVw9qypY9qD1zjPnNMXb2YsLpL -p c=XCOIN Minerion http://minerion.com Fee: 0.2% -a hmq1725 -o stratum+tcp://minerion.com:3747 -u YOUR_WALLET_ADDRESS -p c=XCOIN e.g. run: cpuminer -a hmq1725 -o stratum+tcp://minerion.com:3747 -u xT1m5UoWpVw9qypY9qD1zjPnNMXb2YsLpL -p c=XCOIN Regards, xCoin Project
/r/Monero - Newcomers Please Read. Everything You Need To Know.
What is Monero (XMR)? Monero is a secure, private, untraceable (crypto-)currency. It is open-source and freely available to all. Don't believe us? Click here. Monero is a tool that people can actually use. It makes receiving payments hassle-free, since merchants and individuals no longer need to fear the source of funds they are accepting. With transparent systems like Bitcoin, Ethereum, Verge, or Dash, these people need to hope (or spend substantial resources verifying) the sender did not use the funds illicitly. Furthermore, merchants do not want all their vendors known, and individually do not want everyone to know how much they are spending. If I spend more than I should at Newegg (store), that's my own business. Monero is different because every transaction is always private. There is no way for pools and exchanges to opt out of sending private transactions. Thus, Monero's anonymity set far exceeds any other coin's anonymity set. Over 86,000 transactions in the past month of August, 2017 hid the sender and receiver, and about 99.95% of them also hid the amount (will increase to 100% of all new transactions in September)! There is no suspicion in using a private transaction, since all transactions are private. A single transaction does not stick out.* This privacy is afforded with the best technology. I implore you to take a few minutes to learn about the four main technologies that Monero uses to provide privacy:
Ring signatures hide where the money comes from. Spent inputs in a transaction are hidden among several others that also appear to be spent. Thus, no one knows which source of money is actually being spent. Think of inputs as individual dollars or euros. View a video about this topic here. Note: this is NOT the same as mixing.
RingCT hides the amount. Instead of spending a known value of an input, you can cryptographically commit to a certain value without revealing what the value actually is. This is a very complicated topic, so please view this video for more information.
Kovri is a work-in-progress tool to hide the transaction broadcast. Kovri will make it easy for users to hide their IP address when telling the network that they would like to make a transaction. Kovri will work with other cryptocurrencies and other projects through a common API, and Kovri can be used in a way to hide that you are using Monero at all. Kovri adds additional layers of network security for miners and pools, and it allows for the highest level of censorship resistance possible. A video for this project is available, and you can also check out the Kovri website. In the meantime, there are several guides to using Monero with Tor that work today, including an unofficial Tails build.
Stealth addresses hide where the money goes to. Instead of sending money to a specific address directly, certain outputs are allocated for addresses, but outside observers do not know which addresses these belong to. Even if ring signatures were compromised for some reason, then people would still not know the sending address in a transaction thanks to stealth addresses. View a video about this topic here.
There are several other things that make Monero great! It has a smooth tail emission, dynamic blocks and fees, and an accessible Proof of Work (mining) algorithm. *You can optionally choose a very large, unusual ringsize to make the transaction stick out. This is not recommended, and normal users who leave the ringsize at the default setting will not experience any issues. Also, it's possible for a user to manually add identifying information to the tx_extra field, which is something that a user must seriously go out of their way to do. Now you know Monero (XMR) has the best technology. What else makes Monero (XMR) different than other cryptocurrencies?
Fungible: Every Monero remains equal and identical to any other Monero. It is the property of a crypto asset whose units/value are capable of mutual substitution no matter what historical transactions occurred in the past.
Value-Growth: Monero has a proven chart record of growth and will continue to grow. Don't believe us? August 2015: $0.45, August 2016: $12, August 2017: $100. Growing really fast right? The difference is that it is growing because it's being used appropriately for it's technology and the demand keeps increasing. Swiss banks and offshores management organizations are starting to move from physical assets to Monero (XMR). Monero is dedicated to continue growing.
Development-Growth: Monero has the best team. Over 270 contributors have brought Monero to where it is today. The vast majority of people donate their time to help Monero, but a few get paid through the Forum Funding System (FFS). This is how Monero can be a strong project despite not taking a portion of the block rewards or launching with a premine.
P.S. Want a quick-start, simple your-grandma-could-do-it guide?Here's a great one! Am I a bad person to consider using this? No, Monero is freedom money. You can do whatever you want with it, whenever you want, where ever you want. We make it clear that you should own your wealth 100%. What you do with it, is none of our concern. Where does the word Monero come from? The word Monero comes from the language Esperanto. Monero means coin oand currency. The plural way of saying Monero in Esperanto and in our cryptocurrency is Moneroj.
Is there a lightweight wallet for Monero? Not yet, but you can use the official GUI with a remote node.
Are there any other ways to store Monero (XMR)? Yes, there are many mobile wallets out there that allow you to store Monero (XMR). We do not recommend them, because they are not official releases of Monero. If you do decide to use other wallets, please make sure to do your research first before storing any Moneroj in the wallet. Anything used for Monero outside of official releases, will be used at your own risk. Some may be used for scamming purposes. If you still decide to take the risk; do not use them for large amounts. Also keep in mind that there is a high chance that Monero support will not be able to help you if you bump into any problems from applications outside of official releases. Why should you not use non-official wallets? Well would you buy a house and give your only key you have to the buildemanagement and wait for him/her to open the door to the house you supposedly own? No. Same goes with cryptocurrencies. You should always have possession of your private keys, and your Moneroj. Most non-official releases own your private keys, therefore you do not own the Moneroj.
How can I setup a local wallet while running node with little bandwidth? You can use GUI, as a remote node as it uses very little bandwidth. Go to settings tab and change: "localhost:18089" to "node.moneroworld.com:18089". If you are still having problems, then just use our Monero Web-Wallet.
My vendor only accepts bitcoin but I only have Monero, and I know bitcoin is not private/anonymous. What should I do? Use XMR.TO, but you should also educate them about bitcoins lack of privacy. Tell them to visit this post.
How long does it take to sync to the blockchain? It can take from a few hours (using SSD drive) or even 24 hours, depending on hard drive and connection speed.
List of scams: (Always do a background check / research for anything outside of official releases.)
Freewallet (Mobile Wallet App)
Did you knowover 50 high profile artistsaccept Monero on their online stores? Check out Project Coral Reef
Are there any other sub-reddits that specialize in certain parts of Monero or just related to Monero? Yes, there are a few. However, please keep in mind that this sub-reddit (/Monero) is the official Monero sub-reddit. /xmrtrader - Trading, and investing related discussions & inquires. /MoneroMining - Mining related discussions & inquires. /MoneroCommunity for those who want to help grow the community. /moonero for shitposts and memes. /MoneroMarket for buying and selling wares for Monero. /MoneroSupport for, you guessed it, Monero support. Want to get involved?Click here for a list of sources.
How can I participate in the Monero community? We welcome everyone to join us and help out. Check the "Community Info" section on our subreddit for our website, forum, stack exchange, github, twitter, and facebook. Anyway, we hope you stick around beyond the hype. Monero has a lot going for it, and we hope you agree! We really need your help, since this project is entirely driven by the community!
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!
I’ll go where the better returns are. I’ve mined big pools, small pools, Vertcoin one click, WinMiner, Cuba, ccminer, cpuminer, guiminer, ethminer and most of them suck. Either the set up is trash and there’s no info on what is needed for it to run, or the UI is atrocious. NiceHash was simple- point and shoot. On top of that, it yielded good returns. WinMiner so far is the closest thing. CPU pointed at SUMO and GPUs pointed at VTC, it’s pulling roughly $5 a day. I also like that I can cash out in BTC, PayPal, or Vertcoin. Slush pool yielded like, 0.01 after 24 hours Noobpool yielded 0.00 Give-me-coins VTC yielded 0.02 after like, 30 hours. Vertcoin one click might be okay if your pool doesn’t suck, but almost all the pools I found, did in fact suck. Oh, I also briefly mined LBRY and got some very high hash rates and the currency started stacking up, but the currency is very very cheap, so the number of coins you get skyrockets, but it still equates to < $1 So, as of now, WinMiner is the only option that doesn’t suck. GPU: GeForce 1070 ti CPU: I7 8700K 3.70ghz Update: I gave AwesomeMiner a shot. I created the miner so it was automated and all I had to provide was my bitcoin address - then run it. It’s currently mining Nist5 from zpool and estimating $8/day Some issues I’m currently working on with AwesomeMiner: It’s running my GPU fine, but configuring the CPU takes a little more time. I also have a MSI GT70 laptop with a Nvidia 870m that isn’t able to run the ccminer2.2.2 because it uses Cuda9, so trying to find a work around for that.
Identified issues on invalidateblock, disconnect block and corrupt sigma global state in some cases and working on fixes
Discussion on whether to have Sigma spend limit to limit damage in case of hacks. Unlike now which is a setting which miners can control, to lock it down on consensus layer. To look into a limit based on number of Zcoin spent instead of number of spends.
Discussion on whether to have two more denominations one between 1 and 10 and another between 10 and 100. Reduces anonymity but increases flexibility and reduces load. To use knapsack probem calculations to determine optimum denomination.
To bring multi exponentiation techniques developed in Lelantus (Pippenger’s and Strauss’s multi exponentiation methods) over to Sigma leading to cutting down verification time in half! To rebenchmark. May delay Sigma slightly but deemed worthwhile
Basic QT GUI is functional
Fees for Sigma resolved awaiting review
Balance check to ensure no inflation when reminting implemented
Adopting unit tests from Zerocoin to apply to Sigma
Setting up Insight explorer for Sigma testnet
Halving adjustment pull request made to readjust halving after MTP ntime hardfork. 8 halvings, block reward subsidy ends about 2050.
To test halving adjustment on testnet as well
To ensure to do load testing
Multi exponentiation updates in Lelantus are completed (Pippenger’s and Strauss’s multi exponentiation methods) and yield a two time reduction in time for verification. Can look into upping anonymity set in Lelantus paper
Eprint submission of updated Lelantus paper done, waiting for approval
Bulletproof implementation is now on par with Poelstra but expected to improve even further
Gtests need to be moved to Boost
Change serialization to use Bitcoin original serialization
Znode and Core Upgrade
Closing in on internal release of Bitcoin Upgrade 0.14 with Znode upgrade. Expected to release on Wed/Thurs for testing.
Need to figure out transition to move from current Znode lists to deterministic znodes without using sporks.
[TUTORIAL] Turn your $35 Raspberry Pi into a 21 Bitcoin Computer! (original post deleted)
I noticed that ButtcoinEE deleted his own tutorial from here, and I liked the information provided, so I'm reposting it for others who may not have it saved. I haven't tested his tutorial on my own RPI yet, but if anyone wants to give it a go, I can update this as needed. Below is the post directly quoted from OP: You get your brand new RPI and
It's supported operation in the code supplied by the company.
That is not honest given that you cannot reproduce everything that the 21 Bitcoin Computer can do right now. You don't have the integrated framework. You would be doing something very different and that is not an honest comparison.
The script linked is literally what sets up the 21 Bitcoin Computer, it's identical in software in every way.
What benefits does Nexus bring to the blockchain space?
How does Nexus secure the network and reach consensus?
What is quantum resistance and how does Nexus implement this?
What is Nexus’ Unified Time protocol?
Why does Nexus need its own satellite network?
The Nexus Currency:
How can I get Nexus?
How much does a transaction cost?
How fast does Nexus transfer?
Did Nexus hold an ICO? How is Nexus funded?
Is there a cap on the number of Nexus in existence?
What is the difference between the Oracle wallet and the LLD wallet?
How do I change from Oracle to the LLD wallet?
How do I install the Nexus Wallet?
Types of Mining or Minting:
Can I mine Nexus?
How do I mine Nexus?
How do I stake Nexus?
I am staking with my Nexus balance. What are trust weight, block weight and stake weight?
1. What is Nexus (NXS)? Nexus is a digital currency, distributed framework, and peer-to-peer network. Nexus further improves upon the blockchain protocol by focusing on the following core technological principles:
Nexus will combine our in-development quantum-resistant 3D blockchain software with cutting edge communication satellites to deliver a free, distributed, financial and data solution. Through our planned satellite and ground-based mesh networks, Nexus will provide uncensored internet access whilst bringing the benefits of distributed database systems to the world. For a short video introduction to Nexus Earth, please visit this link
2. What benefits does Nexus bring to the blockchain space? As Nexus has been developed, an incredible amount of time has been put into identifying and solving several key limitations:
Quantum computing vulnerability
Centralized network access
Slow difficulty adjustment
Slow block times
Block reward halving
Nexus is also developing a framework called the Lower Level Library. This LLL will incorporate the following improvements:
LLC (Lower Level Cryptography): This is a suite of cutting edge cryptographic methods including hashing, asymmetric encryption, digital signatures, and symmetric encryption algorithms
LLP (Lower Level Protocol): This is a template protocol to allow any protocol to be created with ease without the need for repeated network programming.
LLD (Lower Level Database): This is a set of templates for creating high efficiency database systems. This high efficiency can be used to power large websites, which are currently built with database software that is not designed to scale.
For information about more additions to the Lower Level Library, please visit here
3. How does Nexus secure the network and reach consensus? Nexus is unique amongst blockchain technology in that Nexus uses 3 channels to secure the network against attack. Whereas Bitcoin uses only Proof-of-Work to secure the network, Nexus combines a prime number channel, a hashing channel and a Proof-of-Stake channel. Where Bitcoin has a difficulty adjustment interval measured in weeks, Nexus can respond to increased hashrate in the space of 1 block and each channel scales independently of the other two channels. This stabilizes the block times at ~50 seconds and ensures no single channel can monopolize block production. This means that a 51% attack is much more difficult to launch because an attacker would need to control all 3 channels. Every 60 minutes, the Nexus protocol automatically creates a checkpoint. This prevents blocks from being created or modified dated prior to this checkpoint, thus protecting the chain from malicious attempts to introduce an alternate blockchain.
4. What is quantum resistance and how does Nexus implement it? To understand what quantum resistance is and why it is important, you need to understand how quantum computing works and why it’s a threat to blockchain technology. Classical computing uses an array of transistors. These transistors form the heart of your computer (the CPU). Each transistor is capable of being either on or off, and these states are used to represent the numerical values 1 and 0. Binary digits’ (bits) number of states depends on the number of transistors available, according to the formula 2n, where n is the number of transistors. Classical computers can only be in one of these states at any one time, so the speed of your computer is limited to how fast it can change states. Quantum computers utilize quantum bits, “qubits,” which are represented by the quantum state of electrons or photons. These particles are placed into a state called superposition, which allows the qubit to assume a value of 1 or 0 simultaneously. Superposition permits a quantum computer to process a higher number of data possibilities than a classical computer. Qubits can also become entangled. Entanglement makes a qubit dependant on the state of another, enabling quantum computing to calculate complex problems, extremely quickly. One such problem is the Discrete Logarithm Problem which elliptic curve cryptography relies on for security. Quantum computers can use Shor’s algorithm to reverse a key in polynomial time (which is really really really fast). This means that public keys become vulnerable to quantum attack, since quantum computers are capable of being billions of times faster at certain calculations. One way to increase quantum resistance is to require more qubits (and more time) by using larger private keys: Bitcoin Private Key (256 bit) 5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF Nexus Private Key (571 bit) 6Wuiv513R18o5cRpwNSCfT7xs9tniHHN5Lb3AMs58vkVxsQdL4atHTF Vt5TNT9himnCMmnbjbCPxgxhSTDE5iAzCZ3LhJFm7L9rCFroYoqz Bitcoin addresses are created by hashing the public key, so it is not possible to decrypt the public key from the address; however, once you send funds from that address, the public key is published on the blockchain rendering that address vulnerable to attack. This means that your money has higher chances of being stolen. Nexus eliminates these vulnerabilities through an innovation called signature chains. Signature chains will enable access to an account using a username, password and PIN. When you create a transaction on the network, you claim ownership of your signature chain by revealing the public key of the NextHash (the hash of your public key) and producing a signature from the one time use private key. Your wallet then creates a new private/public keypair, generates a new NextHash, including the corresponding contract. This contract can be a receive address, a debit, a vote, or any other type of rule that is written in the contract code. This keeps the public key obscured until the next transaction, and by divorcing the address from the public key, it is unnecessary to change addresses in order to change public keys. Changing your password or PIN code becomes a case of proving ownership of your signature chain and broadcasting a new transaction with a new NextHash for your new password and/or PIN. This provides the ability to login to your account via the signature chain, which becomes your personal chain within the 3D chain, enabling the network to prove and disprove trust, and improving ease of use without sacrificing security. The next challenge with quantum computers is that Grover’s algorithm reduces the security of one-way hash function by a factor of two. Because of this, Nexus incorporates two new hash functions, Skein and Keccak, which were designed in 2008 as part of a contest to create a new SHA3 standard. Keccak narrowly defeated Skein to win the contest, so to maximize their potential Nexus combines these algorithms. Skein and Keccak utilize permutation to rotate and mix the information in the hash. To maintain a respective 256/512 bit quantum resistance, Nexus uses up to 1024 bits in its proof-of-work, and 512 bits for transactions.
5. What is the Unified Time protocol? All blockchains use time-stamping mechanisms, so it is important that all nodes operate using the same clock. Bitcoin allows for up to 2 hours’ discrepancy between nodes, which provides a window of opportunity for the blockchain to be manipulated by time-related attack vectors. Nexus eliminates this vulnerability by implementing a time synchronization protocol termed Unified Time. Unified Time also enhances transaction processing and will form an integral part of the 3D chain scaling solution. The Unified Time protocol facilitates a peer-to-peer timing system that keeps all clocks on the network synchronized to within a second. This is seeded by selected nodes with timestamps derived from the UNIX standard; that is, the number of seconds since January 1st, 1970 00:00 UTC. Every minute, the seed nodes report their current time, and a moving average is used to calculate the base time. Any node which sends back a timestamp outside a given tolerance is rejected. It is important to note that the Nexus network is fully synchronized even if an individual wallet displays something different from the local time.
6. Why does Nexus need its own satellite network? One of the key limitations of a purely electronic monetary system is that it requires a connection to the rest of the network to verify transactions. Existing network infrastructure only services a fraction of the world’s population. Nexus, in conjunction with Vector Space Systems, is designing communication satellites, or cubesats, to be launched into Low Earth Orbit in 2019. Primarily, the cubesat mesh network will exist to give Nexus worldwide coverage, but Nexus will also utilize its orbital and ground mesh networks to provide free and uncensored internet access to the world.
The Nexus Currency (NXS):
1. How can I get Nexus? There are two ways you can obtain Nexus. You can either buy Nexus from an exchange, or you can run a miner and be rewarded for finding a block. If you wish to mine Nexus, please follow our guide found below. Currently, Nexus is available on the following exchanges:
Bittrex (99% of trade volume)
Upbit (South Korea)
Nexus is actively reaching out to other exchanges to continue to be listed on cutting edge new financial technologies..
2. How much does a transaction cost? Under Nexus, the fee structure for making a transaction depends on the size of your transaction. A default fee of 0.01 NXS will cover most transactions, and users have the option to pay higher fees to ensure their transactions are processed quickly. When the 3D chain is complete and the initial 10-year distribution period finishes, Nexus will absorb these fees through inflation, enabling free transactions.
3. How fast does Nexus transfer? Nexus reaches consensus approximately every ~ 50 seconds. This is an average time, and will in some circumstances be faster or slower. NXS currency which you receive is available for use after just 6 confirmations. A confirmation is proof from a node that the transaction has been included in a block. The number of confirmations in this transaction is the number that states how many blocks it has been since the transaction is included. The more confirmations a transaction has, the more secure its placement in the blockchain is.
4. Did Nexus hold an ICO? How is Nexus funded? The Nexus Embassy, a 501(C)(3) not-for-profit corporation, develops and maintains the Nexus blockchain software. When Nexus began under the name Coinshield, the early blocks were mined using the Developer and Exchange (Ambassador) addresses, which provides funding for the Nexus Embassy. The Developer Fund fuels ongoing development and is sourced by a 1.5% commission per block mined, which will slowly increase to 2.5% after 10 years. This brings all the benefits of development funding without the associated risks. The Ambassador (renamed from Exchange) keys are funded by a 20% commission per block reward. These keys are mainly used to pay for marketing, and producing and launching the Nexus satellites. When Nexus introduces developer and ambassador contracts, they will be approved, denied, or removed by six voting groups namely: currency, developer, ambassador, prime, hash, and trust. Please Note: The Nexus Embassy reserves the sole right to trade, sell and or use these funds as required; however, Nexus will endeavor to minimize the impact that the use of these funds has upon the NXS market value.
5. Is there a cap on the number of NXS in existence? After an initial 10-year distribution period ending on September 23rd, 2024, there will be a total of 78 million NXS. Over this period, the reward gradient for mining Nexus follows a decaying logarithmic curve instead of the reward halving inherent in Bitcoin. This avoids creating a situation where older mining equipment is suddenly unprofitable, encouraging miners to continue upgrading their equipment over time and at the same time reducing major market shocks on block halving events. When the distribution period ends, the currency supply will inflate annually by a maximum of 3% via staking and by 1% via the prime and hashing channels. This inflation is completely unlike traditional inflation, which degrades the value of existing coins. Instead, the cost of providing security to the blockchain is paid by inflation, eliminating transaction fees. Colin Cantrell - Nexus Inflation Explained
6. What is the difference between the LLD wallet and the Oracle wallet? Due to the scales of efficiency needed by blockchain, Nexus has developed a custom-built database called the Lower Level Database. Since the development of the LLD wallet 0.2.3.1, which is a precursor to the Tritium updates, you should begin using the LLD wallet to take advantage of the faster load times and improved efficiency. The Oracle wallet is a legacy wallet which is no longer maintained or updated. It utilized the Berkeley DB, which is not designed to meet the needs of a blockchain. Eventually, users will need to migrate to the LLD wallet. Fortunately, the wallet.dat is interchangeable between wallets, so there is no risk of losing access to your NXS.
7. How do I change from Oracle to the LLD wallet? Step 1 - Backup your wallet.dat file. You can do this from within the Oracle wallet Menu, Backup Wallet. Step 2 - Uninstall the Oracle wallet. Close the wallet and navigate to the wallet data directory. On Windows, this is the Nexus folder located at %APPDATA%\Nexus. On macOS, this is the Nexus folder located at ~/Library/Application Support/Nexus. Move all of the contents to a temporary folder as a backup. Step 3 - Copy your backup of wallet.dat into the Nexus folder located as per Step 2. Step 4 - Install the Nexus LLD wallet. Please follow the steps as outlined in the next section. Once your wallet is fully synced, your new wallet will have access to all your addresses.
8. How do I install the Nexus Wallet? You can install your Nexus wallet by following these steps: Step 1 - Download your wallet from www.nexusearth.com. Click the Downloads menu at the top and select the appropriate wallet for your operating system. Step 2 - Unzip the wallet program to a folder. Before running the wallet program, please consider space limitations and load times. On the Windows OS, the wallet saves all data to the %APPDATA%\Nexus folder, including the blockchain, which is currently ~3GB. On macOS, data is saved to the ~/Library/Application Support/Nexus folder. You can create a symbolic link, which will allow you to install this information in another location. Using Windows, follow these steps:
Step 3 (optional) - Before running the wallet, we recommend downloading the blockchain database manually. Nexus Earth maintains a copy of the blockchain data which can save hours from the wallet synchronization process. Please go to www.nexusearth.com and click the Downloads menu. Step 4 (optional) - Extract the database file. This is commonly found in the .zip or .rar format, so you may need a program like 7zip to extract the contents. Please extract it to the relevant directory, as outlined in step 2. Step 5 - You can now start your wallet. After it loads, it should be able to complete synchronization in a short time. This may still take a couple of hours. Once it has completed synchronizing, a green check mark icon will appear in the lower right corner of the wallet. Step 6 - Encrypt your wallet. This can be done within the wallet, under the Settings menu. Encrypting your wallet will lock it, requiring a password in order to send transactions. Step 7 - Backup your wallet.dat file. This can be done from the File menu inside the wallet. This file contains the keys to the addresses in your wallet. You may wish to keep a secure copy of your password somewhere, too, in case you forget it or someone else (your spouse, for example) ever needs it. You should back up your wallet.dat file again any time you create – or a Genesis transaction creates (see “staking” below) – a new address.
Types of Mining or Minting:
1.Can I mine Nexus? Yes, there are 2 channels that you can use to mine Nexus, and 1 channel of minting: Prime Mining Channel This mining channel looks for a special prime cluster of a set length. This type of calculation is resistant to ASIC mining, allowing for greater decentralization. This is most often performed using the CPU. Hashing Channel This channel utilizes the more traditional method of hashing. This process adds a random nonce, hashes the data, and compares the resultant hash against a predetermined format set by the difficulty. This is most often performed using a GPU. Proof of Stake (nPoS) Staking is a form of mining NXS. With this process, you can receive NXS rewards from the network for continuously operating your node (wallet). It is recommended that you only stake with a minimum balance of 1000 NXS. It’s not impossible to stake with less, but it becomes harder to maintain trust. Losing trust resets the interest rate back to 0.5% per annum.
2. How do I mine Nexus? As outlined above, there are two types of mining and 1 proof of stake. Each type of mining uses a different component of your computer to find blocks, the CPU or the GPU. Nexus supports CPU and GPU mining on Windows only. There are also third-party macOS builds available. Please follow the instructions below for the relevant type of miner.
Prime Mining: Almost every CPU is capable of mining blocks on this channel. The most effective method of mining is to join a mining pool and receive a share of the rewards based on the contribution you make. To create your own mining facility, you need the CPU mining software, and a NXS address. This address cannot be on an exchange. You create an address when you install your Nexus wallet. You can find the related steps under How Do I Install the Nexus Wallet? Please download the relevant miner from http://nexusearth.com/mining.html. Please note that there are two different miner builds available: the prime solo miner and the prime pool miner. This guide will walk you through installing the pool miner only. Step 1 - Extract the archive file to a folder. Step 2 - Open the miner.conf file. You can use the default host and port, but these may be changed to a pool of your choice. You will need to change the value of nxs_address to the address found in your wallet. Sieve_threads is the number of CPU threads you want to use to find primes. Ptest_threads is the number of CPU threads you want to test the primes found by the sieve. As a general rule, the number of threads used for the sieve should be 75% of the threads used for testing. It is also recommended to add the following line to the options found in the .conf file: "experimental" : "true" This option enables the miner to use an improved sieve algorithm which will enable your miner to find primes at a faster rate. Step 3 - Run the nexus_cpuminer.exe file. For a description of the information shown in this application, please read this guide.
Hashing: The GPU is a dedicated processing unit housed on-board your graphics card. The GPU is able to perform certain tasks extremely well, unlike your CPU, which is designed for parallel processing. Nexus supports both AMD and Nvidia GPU mining, and works best on the newer models. Officially, Nexus does not support GPU pool mining, but there are 3rd party miners with this capability. The latest software for the Nvidia miner can be found here. The latest software for the AMD miner can be found here. The AMD miner is a third party miner. Information and advice about using the AMD miner can be found on our Slack channel. This guide will walk you through the Nvidia miner. Step 1 - Close your wallet. Navigate to %appdata%\Nexus (~/Library/Application Support/Nexus on macOS) and open the nexus.conf file. Depending on your wallet, you may or may not have this file. If not, please create a new txt file and save it as nexus.conf You will need to add the following lines before restarting your wallet:
Step 2 - Extract the files into a new folder. Step 3 - Run the nexus.bat file. This will run the miner and deposit any rewards for mining a block into the account on your wallet. For more information on either Prime Mining or Hashing, please join our Slack and visit the #mining channel. Additional information can be found here.
3. How do I stake Nexus? Once you have your wallet installed, fully synchronized and encrypted, you can begin staking by:
Choosing Unlock Wallet from the Settings menu
Check the box that says "Unlock for Mint Only", then enter your password.
When the question mark at the lower right of the wallet window changes to a clock icon, you are now staking.
After you begin staking, you will receive a Genesis transaction as your first staking reward. This establishes a Trust key in your wallet and stakes your wallet balance on that key. From that point, you will periodically receive additional Trust transactions as further staking rewards for as long as your Trust key remains active. IMPORTANT - After you receive a Genesis transaction, backup your wallet.dat file immediately. You can select the Backup Wallet option from the File menu, or manually copy the file directly. If you do not do this, then your Nexus balance will be staked on the Trust key that you do not have backed up, and you risk loss if you were to suffer a hard drive failure or other similar problem. In the future, signature chains will make this precaution unnecessary.
4. I am staking with my Nexus balance. What are interest rate, trust weight, block weight, and stake weight? These items affect the size and frequency of staking rewards after you receive your initial Genesis transaction. When staking is active, the wallet displays a clock icon in the bottom right corner. If you hover your mouse pointer over the icon, a tooltip-style display will open up, showing their current values. Please remember to backup your wallet.dat file (see question 3 above) after you receive a Genesis transaction. Interest Rate - The minting rate at which you will receive staking rewards, displayed as an annual percentage of your NXS balance. It starts at 0.5%, increasing to 3% after 12 months. The rate increase is not linear but slows over time. It takes several weeks to reach 1% and around 3 months to reach 2%. With this rate, you can calculate the average amount of NXS you can expect to receive each day for staking. Trust Weight - An indication of how much the network trusts your node. It starts at 5% and increases much more quickly than the minting (interest) rate, reaching 100% after one month. Your level of trust increases your stake weight (below), thus increasing your chances of receiving staking transactions. It becomes easier to maintain trust as this value increases. Block Weight - Upon receipt of a Genesis transaction, this value will begin increasing slowly, reaching 100% after 24 hours. Every time you receive a staking transaction, the block weight resets. If your block weight reaches 100%, then your Trust key expires and everything resets (0.5% interest rate, 5% trust weight, waiting for a new Genesis transaction). This 24-hour requirement will be replaced by a gradual decay in the Tritium release. As long as you receive a transaction before it decays completely, you will hold onto your key. This change addresses the potential of losing your trust key after months of staking simply because of one unlucky day receiving trust transactions. Stake Weight - The higher your stake weight, the greater your chance of receiving a transaction. The exact value is a derived by a formula using your trust weight and block weight, which roughly equals the average of the two. Thus, each time you receive a transaction, your stake weight will reset to approximately half of your current level of trust.
Discussion on algorithm to automatically determine which mints to use to meet a private spend request.
Originally decided to always pick the mints that are largest so that the private spend request could be met in the smallest amount of spends. However leads to many smaller mints.
Better approach is for the algorithm to calculate the least amount of Zerocoin transactions needed to meet a private spend request that also takes into accounts the re-minting of change. This is because mints are future spends.
Testnet for Sigma to be started soon
Some issues with secp256k1 library resolved
Plan to release Sigma with core features for testing end of February
Academic paper being rearranged to clearly separate
claimed security properties
proofs of the claimed properties.
This will assist in third party verification of claims
Ongoing discussion on whether to allow shielded to shielded transactions which sacrifices element of supply auditability. Leaning towards launching Lelantus without having this feature first.
Exploring alternative ways to cryptographically prove ‘shielded’ supply so that forging of zk proofs alone won’t be enough to cheat system.
Batching of bullet proofs work is almost complete and will have working code for this portion by end of week.
Core Upgrade (Bitcoin Core 0.17)
Code to be pushed to public repo in a few days and open for testing
Incomplete shutdown issue located
Issue where non-existent mints are showing been fixed
Settings page to include slider to adjust how many percent of coins should be kept as mints after startup.
Found weightage issue with Zerocoin spends where it is weighted 4x the size leading to only 3 spends fitting within a transaction.
New release by this weekend.
Hierarchical deterministic (HD) minting almost working simplifying wallet backup.
Wallet: Wallet releases:https://github.com/ProjectHelixCoin/helix/releases/ Mining: Pool: -a quark -o stratum+tcp://minpool.net:6300 -u your_wallet_address -p c=HLIX (1% fee) (Recommended pool) -a quark -o stratum+tcp://minepool.online:4045 -u -p c=HLIX (0.5% fee) stratum+tcp://22.214.171.124:8143 (1% fee) ONLY USE THIS ONE AS BACKUP WHEN OTHERS ARE DOWN CPU miner:CPUminer-multi cpuminer-gw64-corei7 -a quark -o stratum+tcp://minpool.net:6300 -u your_wallet_address -p c=HLIX pause AMD miner:Sgminer -k quarkcoin -o stratum+tcp://minpool.net:6300 -u your_wallet_address -p c=HLIX pause NVIDIA miner:CCminer ccminer-x64 -a quark -o stratum+tcp://minpool.net:6300 -u your_wallet_address -p c=HLIX pause
Helix has numerous features. Remember that this list is not limited, and that we will always work hard to add new features:
Fast and secure transactions.
Strong privacy with options for both private and transparent transactions.
Rewards for participating in the Helix network. This includes Proof of Stake (PoS) as well as the possibility for masternode rewards.
Participating in governance and voting in important matters that concern the whole community.
Multi-OS wallets: Windows, MacOS, Linux, and many more to come.
Very easy access to all our features and wallets.
We will continue to work hard on making Helix grow, check out our roadmap for details.
We believe in empowering individuals by creating a strong community. We give freedom back to the people by using our strong Helix blockchain network and decentralized technology. This allows people to do business without the compromise of being subject to surveillance by centralized or legal institutions.
Proof of Stake
Bitcoin uses a cryptographic hashing algorithm to encode the transactions in the blockchain. Miners create these hashes by using a ‘Proof of Work’ (PoW) algorithm. The network hashrate is actually inflating as it requires a lot of power to create a new block in its blockchain. Unlike Bitcoins PoW mechanism, Helix blockchain uses a hybrid system. The first 90.200 blocks are PoW, and after this period we switch to a PoS mechanism. The rewards a user receives depends on the amount of stake the participant has in the Helix network. The more you participate in validating and processing Helix transactions and its blocks, the more rewards you receive. Therefore, it’s incentivized to invest in Helix as a valuable core product.
The value of Helix lies in its main vision: building a secure and scalable currency. Therefore, Helix implemented masternodes, which can be used to earn more Helix by passive income to increase your holdings with a great risk/reward ratio. A masternode costs 10.000 HLIX and gives a ROI of 60%. Masternodes are enhanced nodes that are always up and running, which provide additional functions and security to the Helix network. Masternodes provide an enhanced form of staking, increase the privacy and speed of transactions and enables participation in governance and voting within the Helix community. A Helix masternode processes Zerocoin (zHLIX) transactions which ensures topnotch privacy (more about this subject under ‘Privacy’).
Helix believes in true and strong privacy. Bitcoins transactions are traceable for anyone who’s interested to find out. A high degree of privacy doesn’t allow this potential loss of privacy. That’s why Helix implemented the Zerocoin protocol. For detailed information about Zerocoin, read their whitepaper. For this service, Helix coins have to convert into a zHLIX coin. This process, called ‘minting’, is provided by masternodes running on the Helix Blockchain. No traces are left behind during this process. RSA-2048 encryption makes sure no information about the users is shared whatsoever. To reverse this process, you can send your zHLIX coins to your own address back into regular HLIX coins.
The community started with a couple of early adopters who were unhappy about the way some projects were run by its developers. No innovation or vision whatsoever made us motivated to create something better. Since Helix did not have an ICO and only started with a functional pre-mine of 1%, it’s really thanks to the true core believers who put in their time and effort that made Helix a reality. We aim to provide 24/7 support, and we believe in a community who help each other out. Positivity and fun should be your top priority as a Helix community member. In accordance to this, we created the Helix masternode governance system to bring back the power to the people. By letting you decide on important matters, you’re in control of your investment.
More people are joining every day and we hope this growth won’t stop. Don’t feel afraid to join us and introduce yourself. We’re looking forward to meet you! With the upcoming years ahead of us, we believe that exciting things will happen. Helix is a premium privacy ¬centric cryptocurrency, with strong features resulting in a decentralized, effectively anonymous cryptocurrency, with immediate (private) transactions and an incentivized network to provide additional services and security to the blockchain network of Helix. We will continue to work hard on the project, and hope to see you join us.
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.
Well, I know some people will call out CryptoTab here, but it ok. The thing I want to know is that how CryptoTab Browser (the first browser with integrated mining algorithm apparently) manage to hit such high H/s? CryptoTab started as extension for both Chrome and Firefox, I tried it on Chrome and got 15 - 20 H/s with my poor i7 4510u (This is a low TDP Intel CPU for laptops with max 23w in fullLoad) Then I saw someone posting on their Facebook page saying that Firefox gives twice the H/s, so I went and downloaded Firefox (never liked Firefox cuz their browser looked really messed up) but then I saw that Firefox Quantum was a thing and downloaded it to see and once I saw the new protect, I uninstalled Chrome from my PC lol. And the guy was right! I was now mining at 30 - 35 H/s twice as much!! Then a few days later, they finally launched their CryptoTab Browser which promissed 4x or even 8x the mining speed!!! Download it and from 30 - 35 H/s in Firefox I was now doing 100 - 130 H/s !!!! O.o How is it possible!? I don't even get this much using any miner out there!!! (cpuminer, minerd, Zecminer etc) And then you would say "pfff LUL fake hashes LUL" I also thought SO! but the speed with I was mining was really increased!! I managed to mine a few satoshis with a few minutes instead of hours!! They told me they aren't mining Bitcoins, they actually mines Monero / Litecoin and then convert to Bitcoin to their users, and they actually pay! lol, the minimum payment request is 0.00041 BTC but if you install their other extension (CryptoSearch) you can withdraw at 0.00001 BTC in case they have spare funds to cover the fees from users withdraws. I managed to withdraw 0.00001BTC to my GreenAddress Wallet yesterday. Tl;DR Can someone tell me how they managed to optimize their browser to give ridicules H/s? From 30 H/s to 130 H/s is absurd increase! Their browser is 64 Bits Chromium based. I'm just really curious to know how they managed to make a fully function browser and yet give aburds amount of hashes rate too, while standalone miners give me like 30 H/s most of the time, sometimes 50 but it vary a lot!!! Maybe i'm overlooking something?
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.
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How to CPU Mine Bitcoins 2018 Updated Windows 10 - YouTube
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