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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6  (Read 17192 times)

TheMerkle·

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Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
« Reply #45 on: August 26, 2017, 05:22:38 PM »
Monero Price may Very Well Surpass $150 Later Today:
https://themerkle.com/monero-price-may-very-well-surpass-150-later-today/

TheMerkle·

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Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
« Reply #46 on: September 03, 2017, 12:16:41 PM »
Monero Is Not Just a Tool for Hiding Illegal Activity:
https://themerkle.com/monero-is-not-just-a-tool-for-hiding-illegal-activity/

DeepDotWeb·

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Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
« Reply #47 on: September 10, 2017, 12:02:35 AM »
Anonymous Cryptocurrency Monero Sees Drastic Increase in Liquidity, Adoption by Largest Exchange:
https://www.deepdotweb.com/2017/09/02/anonymous-cryptocurrency-monero-sees-drastic-increase-liquidity...

DeepDotWeb·

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Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
« Reply #48 on: October 03, 2017, 11:23:48 PM »
The Pirate Bay May Be Ditching Ads in Favor of JavaScript Monero Mining:
https://www.deepdotweb.com/2017/10/02/pirate-bay-may-ditching-ads-favor-javascript-monero-mining/

DeepDotWeb·

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DeepDotWeb·

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Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
« Reply #50 on: October 30, 2017, 10:11:52 PM »
New JavaScript Monero Miner Released as More Sites Begin to Mine Coins:
https://www.deepdotweb.com/2017/10/23/new-javascript-monero-miner-released-sites-begin-mine-coins/

TheMerkle·

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Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
« Reply #51 on: November 17, 2017, 06:56:33 PM »
Bitcoin, Litecoin Devs May Integrate Monero’s Confidential Transactions:
https://themerkle.com/bitcoin-litecoin-devs-may-integrate-moneros-confidential-transactions/

CoinDesk·

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  • Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
    « Reply #52 on: December 06, 2017, 05:50:32 PM »
    G-Eazy, Mariah and More to Sell Albums for Monero:
    https://www.coindesk.com/now-can-buy-mariah-carey-g-eazy-albums-monero/

    NewsBTC·

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    Pegasus

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    Earlier this week, Binance Research released a report on the implications of the Monero hard fork, which occurred on March 9. On one hand, the research provided a detailed report on the privacy and security update that went live during the upgrade, while on the other hand, the report concentrated on ASIC miners and the possible outcomes of the hard fork.

    Initially, the hard fork was set to take place later in April, however, it was advanced due to rising concerns of centralization because of the increasing number ASIC miners on the network. To achieve this, the team changed its Proof-of-Work [PoW] algorithm from CryptoNight V8 to CryptoNight-R.

    The report stated that this hard fork had three sub-consequences on miners using ASIC mining equipment. The first sub-consequence was that there was a sudden drop in the hashrate. According to the report, Monero’s hashrate plummeted by “roughly 70%” between March 8 and March 10, “validating previous pre-fork estimates about the heavy contribution rate of ASICs to Monero’s total network hashrate”.

    Source: Binance Research
    The second sub-consequence was that it resulted in an increase in block profitability. The report claimed that the profitability per block witnessed a significant increase of over 200%, a direct result of a decrease in the difficulty of mining a block. It further stated that the network’s mining difficulty, on “an average” had decreased by over 70%, which was in accordance with the fall in hash rate.

    The report read:

    “Meaning that the same CPU or GPU card on average could produce nearly 3 times as many Monero post-fork, on average […] so removing their contributions to the network means that the average variable cost of mining on Monero is much higher using general purpose units […]Lowering network difficulty also offers a more even playing field […]”

    Source: Binance Research
    The next prominent sub-consequence was the block time, which increased from an average of 2 minutes to over 10 minutes, as of March 10. The reason for this was that the mining difficulty was not mathematically designed to adjust instantly, even though ASIC miners were excluded almost immediately after the hard fork. The report further added:

    “As a consequence, fewer miners were competing for blocks with pre-fork difficulty levels that assumed higher network aggregate hashrates, leading to longer block times […] It took roughly 36 hours for the average block-time to return to the normal average of two minutes per block.”

    Source: Binance Research
    More so, the report presented two outcomes of this hard fork; mining remained “fairly unprofitably” for household miners and the drop in the hashrate could have resulted in a “higher probability of a 51 percent attack”.

    The first outcome revealed that the “month-on-month in absolute USD terms is fairly low” irrespective of the increase in the profitability and the decrease of difficulty. The report said,

    “In comparison, the April 2018 fork (“Fork 1”) had a larger impact in mining profitability, as the price of Monero was more than 3 times higher than XMR price in March 2019, resulting in a much wider magnitude in USD-denominated mining profitability in the aftermath of the two forks.”

    Source: Binance Research
    The second outcome suggested that there was “a slightly higher risk” of a 51 percent attack on the Monero network, a result of over 70 percent drop in its hash rate. The report stated,

    “In general, ASIC miners may lead to centralization of the mining activities behind any PoW asset, but their absence also exposes a greater tail risk for the network. Achieving “ASIC resistance” remains a cat and mouse game and there is a trade-off between staving off centralization and boosting mining participation rate.”

    Smooth_xmr, an XMR core team member, said on Reddit:

    “The 51% attack statement is just entirely wrong. You can’t meaningfully compare hash rates across different algorithms. Considering only the hash rates, it is possible the network got more secure, less secure, or stayed about the same.”

    Jonaemahina, a Redditor, said:

    Source: Reddit
    Source: https://ambcrypto.com/moneros-xmr-hashrate-drops-by-over-70-slightly-increases-risk-of-a-51-attack/

    Pegasus

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    SEC guidance will never really matter to Monero [XMR], says Riccardo Spagni
    « Reply #55 on: April 05, 2019, 07:50:38 AM »



     
     
    Earlier today, Riccardo Spagni aka FluffyPony, the lead maintainer of Monero, spoke about the SEC’s guidance on tokens being classified as securities, in an interview with Monero Talk. Spagni particularly spoke about whether Monero can be classified as a security.

    The SEC released a framework on analyzing whether a token can be classified as security or not. The framework explained the Howey Test, stating that it can be applied to anything, even if the asset did not have signs of being an investment contract. The Howey Test determines whether a contract or an asset is a security or not based on three main factors. The first factor taken into consideration is investment of money; the second is expectation of profit; and the third is common enterprise.

    With respect to this, the host stated that the commission implied that the asset had to “be a true open source decentralized protocol,” adding that Bitcoin would fall under this category. He then asked Spagni whether it was the same with Monero, considering the fact that the project had no leader or control.

    To this, Spagni stated that the “SEC guidance will never really matter to Monero,” as it did not have a pre-sale. He further stated that Monero’s launch was similar to that of Bitcoin, adding that this fact was “very important.” He also spoke about another aspect Monero shared with Bitcoin, the miners being the ones responsible for its emission since the beginning. He said,

    […] Monero can’t possibly be a security because a security requires a central issuer to have issued at some of the tokens or whatever upfront and sell them to people […]

    Spagni added that there was, in fact, no way to buy Monero before the Genesis block, clarifying that after the first block was mined, Monero followed the “mathematically-bound emission curve.”

    […] there was no way to buy Monero before the Genesis block and from the Genesis block, it followed the mathematically-bound emission curve and there was no possible way for anyone to do, sort of, premine anything that could be sold to investors.  So that makes things massively different […]”

    Source

    Pegasus

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    Riccardo Spagni aka FluffyPony, the Co-founder of Tari and a member of Monero’s core developer team, spoke about a scenario where the United States clamps down on Monero and declares it illegal, on an interview with Monero Talk.

    Spagni stated that this scenario would be “very interesting,” and that this would probably not happen. Nevertheless, the core developer did acknowledge that it was entirely possible, stating that it was unlikely that the US would declare the privacy coin illegal. Spagni cited the example of Tor aka The Onion Router, an open-source software that enables anonymous communication.

    He said,

    “[…] I mean, you know, there are lots of these things like botnet command and control servers on Tor. There’s the proliferation of dark net markets, there’s child abuse […] on Tor. So, extensively, the US government could right now go like Tor bad and so we’re making it illegal […]”

    According to him, the positive benefits of Tor “by far outweighed the relatively small minority” that abuses it, from the government’s perspective. He stated that this applies to “whistle-blowing,” and citizens or residents in oppressive regimes being able to use it, adding that the United States wants to set a “good example.”

    “[…] they want all of the good things to be able to continue on tour and they wouldn’t want to be the country that bans to you know to the detriment of other countries […]”

    This was the reason why Spagni thinks that the United States would be on the same page when it comes to Monero. He further stated that ZCash was at an immediate risk if the U.S took this action, as it is a U.S-based company. He went on to state,

    “[…] so I do watch carefully to see what happens there and I continue to do so and it’s I think that that’s the canary in the coal mine. If the US starts taking serious action […]”

    Source

    CoinTelegraph·

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  • Monero Developers Consider Adopting New Proof-of-Work Algorithm in October:
    https://cointelegraph.com/news/monero-developers-consider-adopting-new-proof-of-work-algorithm-in-october

    Patrizio

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    Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6
    « Reply #58 on: September 16, 2019, 09:56:19 AM »
    Hello !
    Have you heard anything, that monero will be listed on the exchange called "coinexwo"?
    Thanks for information !

    larrysm0077

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    Detailed results 2018 for XMR Coin
    « Reply #59 on: January 04, 2020, 12:13:27 PM »
    Specialists of Satis Group called XMR the foremost undervalued asset. First of all, due to the technology of confidentiality of transactions and anonymity of holders. The agency believes that coins which will offer users something similar will begin to seem and grow in price from 2020. it's XMR which will be the primary asset which will create a “network effect” almost like that produced by Bitcoin in 2017. Cryptoknowmics is the fastest news provider, click on XMR Coin.



     

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