But for example a datacenter would probably have a fairly consistent cpu usage

<mcfranko[m]1 "But for example a datacenter wou"> No

Why wouldn't it?

Like take for example google, they probably have a fairly consistent amount of people using their services at a time

<mcfranko[m]1 "Like take for example google, th"> They are not running at 100% cpu capacity usage 24/7 , no system works at 100% they need to keep system idle for traffic rush on peak hours

That's not what I meant

I meant they'd probably use maybe 10% consistently, but I guess it is true they'd probably have many bursts up to higher levels

And the other electricity 90 could be used for mining, and adjust accordingly, so he is probably right actually

They have datacenters in availability zones, so althoug hthe demand in Hong Kong at mid-day is high, at the same time, the demand in the US datacenters are low because everyone is asleep.

That makes sense

How do you see distribution of hash rate in a future were monero is widely adopted?

* How do you see distribution of hash rate in a future where monero is widely adopted?

Do you think that RandomX's goal of making mining more decentralized would be achieved, or would it just end up like bitcoin where almost all mining is just done by a rather small group of organizations

* They have datacenters in availability zones, so although the demand in Hong Kong at mid-day is high, at the same time, the demand in US datacenters is low because everyone is asleep.

Ultimately economies of scale will always provide an edge.

ON the other hand, because of the ubiquity of datacenters, you would expect hashrate to be distributed around the world by many different organizations. (If it becomes a datacenter game)

Question: According to minergate the block reward is .966... + .00083 in fees, yet according to the press kit, the current block reward is 1.16.

Is the press kit outdated?

The block rewards are currently below 1 XMR in rewards. The block rewards will be 0.6 XMR in a year.

Just to mention as well, once the block rewards reach 0.6 XMR, they will not go any lower. It will remain at 0.6 XMR forever beyond that point.

* Once the block rewards reach 0.6 XMR, they will not go any lower. It will remain at 0.6 XMR forever beyond that point.

Anyone have a good reference on how to predict transaction fees with increased usage?

<mcfranko[m]1 "I'm curious if there's been any "> Here are some rough estimates.

<l33t_bit[m] "Here are some rough estimates."> I actually spent a bit of time working it out on paper github.com/258204/pow-environmental…lob/master/Environmental_Impact.pdf

I plan to estimate what xmr's energy use would be if it had the same market cap and transaction rate as bitcoin.

TLDR: Monero is much more green than btc.

It's a rough draft.

l33t_bit[m], yeah the block reward is constantly decreasing, so the press kit is outdated

<gingeropolous "l33t_bit, yeah the block reward "> thanks

anybody know why the monero-cli-wallet refreshes from 0 but the restore height was 2,200,000

Why does the Saviour of NASA take a group achievement award and present it as a proof of individual glory? twitter.com/hyc_symas/status/1203709575226183683

<diiirt "anybody know why the monero-cli-"> Surprised no one has replied yet

How can I create a pool?

Thank you Adorable Tanuki

Alternatively if you have 20 XMR to spare and want to have algorithm/profit switching and have all mined coins converted to XMR for all miners, you can use github.com/moneroocean/nodejs-pool. I don't recommend it at all unless you pay that fee.

That fee is going to be worthless in the near future though. I plan on doing a Monero Community Crowdfund to buy that code and open source it under the MIT Expat licence since MoneroOcean has given permission to do so.

> <@iudth-d_cmphve2wbrqq3p_ri2qk5kaj-jugk_mvb9-nnwgy-reuzqcq29qsrrxth57gag3_tussujykgifcw3hxm-k3_qnpzeepq4aefzwdax_23tyy_t9_wswfwdc9:monero.social> Alternatively if you have 20 XMR to spare and want to have algorithm/profit switching and have all mined coins converted to XMR for all miners, you can use github.com/moneroocean/nodejs-pool. I don't recommend it at all unless you pay that fee.

>

> That fee is going to be worthless in the near future though. I plan on doing a Monero Community Crowdfund to buy that code and open source it under the MIT Expat licence since MoneroOcean has given permission to do so.

20 XMR for algo siwtching miner?

dafuq

When you say algorithm switching, does that mean that you can mine other coins?

<roberts6[m] "When you say algorithm switching"> not OP but pretty sure you can

> <@roberts6:matrix.org> When you say algorithm switching, does that mean that you can mine other coins?

* not OP but pretty sure ~~you can~~ yes

* not OP but pretty sure <del>you can</del> yes

Basically, their pool has 24 coins if I recall correctly that are currently supported. With the code you get from that fee, you can setup their version of github.com/moneroocean/xmrig for algorithm switching to maximize profitability. Through my testing it's only around 3~10% more, but it is more. This means that the pool allows you to mine with your CPU and GPU(s), switch between coins automatically based on profitability and

get paid in exclusively XMR.

<AdorableTanuki[m "Basically, their pool has 24 coi"> so 20 XMR to use algo switching pool?

It's debatable on whether or not that would be worthwhile but if I get the proper funding through the Monero Community Crowdfunding, it'll be released under the MIT Expat licence. MoneroOcean has said that if I open source it, they will do the same so everyone benefits.

<martinator[m] "so 20 XMR to use algo switching "> Yeah. It's a little expensive for almost no reason.

I thought the miner costed 20 XMR and I was really confused

No, that's just their server-side code.

I mean with that fee you're pretty much solo mining XD

well... actually if you mine eth, there will be people who will pay that

* <del>well... actually if you mine eth, there will be people who will pay that</del> forgot what algo switching meant

If you wanted you could just point your miners to moneroocean.stream and start mining for free. Mainly wanting to open source that code so other pools that can't afford it currently would be able to suddenly use it, create more competition and hopefully decentralize the network further.

I wanted to create a pool so I could help decentralized Monero more but have no experience though

If you're just starting out, github.com/jtgrassie/monero-pool should be a good way to start. The configuration is extremely basic, the code is solid, and it should be really easy to maintain since there's so little code. It's what I'd recommend if you're brand new to owning a mining pool.

You get to manage only Monero with his code, but it's best to start with one coin. Otherwise you start dealing with really obscure issues and the whole process becomes a headache.

<AdorableTanuki[m "If you're just starting out, git"> I'll stick with this one then, thanks for the help Adorable Tanuki

I should mention that his code doesn't have a fancy website front-end but that should be fine. You don't need a fancy front-end if you're just trying it out. I think there are some repositories that have front-ends for his code though so it shouldn't be too hard to get one if you want one.

Best of luck with your mining pool! Always happy to help.

Thanks for the heads up

roberts6[m]: there are over 50 pools now, lack of pools is not the problem

So you saying I'm better off doing something else nioc

if you want to decentralize pools, well many have tried so.....

you certainly learn things setting up a pool

There are multiple psychological hooks to keep Monero community members in place. Here is one:

Notice that Scientologists don't stand on street corners saying "Would you like to talk about our Lord and Saviour, Xenu?"

Put yourself instead in the shoes of someone who spent $10,000 and 2-3 years of their life on their courses

And you get a bunch of bad sci-fi - you have two choices:

- either swallow a very bitter pill that you wasted a pile of money and a portion of your life

- or swallow the sci-fi, and from that point on, you will swallow _anything_ they tell you.

In the cult trade that's called "insider doctrine".

Would you like to talk about our Lord and Saviour of NASA, Howard Chu?

so i have made xmr unbannable. what do? rehrar is stepping down, get me on board, that's your best option

<roberts6[m] "So you saying I'm better off doi"> Setting up a pool is a good project, just don't expect to be a massive pool by any means. Most people default to SupportXMR and MineXMR since so many guides tell them to "just use this pool".

How are mix-ins chosen?

If they're just chosen by the tx sender, wouldn't exchanges be able to censor certain coins that use a certain address or something as a mix in?

randomly with gamma-distribution

exchanges are able to censor certain coin, but not in Monero

Is there anybody out there that would like to help me out by testing some code for multisig in the gui wallet? Only like intermediate computer literacy required you just gotta be able to build code from a github repo from source and give me feedback

<sech1 "exchanges are able to censor cer"> Is the random gamma distribution done by the wallet software?

<bevanoff[m] "Is there anybody out there that "> I could help

yes

So wallet software could use other techniques if they want?

yes

So couldn't exchanges make a rule, that you have to use their technique and not use mix ins from specific addresses?

there are no specific addresses

try find any address here xmrchain.net/tx/4378317d616befaf5e0…66940d6ec1085a36a140acd77ba19499489

From my understanding, you still have to specify an address you send coins to, and that address is calculated from the stealth address. Also, what are the hashes listed under "ring members"

Are they just hashes of other outputs?

that's stealth addresses

Oh I see

and you calculate one-time stealth address from recipient's address

Ohhh

If only one of you gave Papa ChooChoo some TLC when I wrote a faster miner, instead of ignoring him, things could have happened differently np.reddit.com/r/Monero/comments/5lsfgt/_/dbz0jnp

mcfranko: Thank you! my multisig branch is on github.com/benevanoff/monero-gui/tree/multisig and the PR draft is #3319 in the core GUI repo. I've put together some instructions that should help here gist.github.com/benevanoff/9dfe2c809cd67c04687fb3f9a9540313 I've got my stagenet node syncing at like half way rn. For now if you could just compile a list of issues with instructions to reproduce I'd appreciate it :)

Also don't be alarmed when it says partial key images found... i still gotta fix that. as long as you sync before each transaction it should be okay

And last thing it’s only available under advanced options iirc

bevanoff[m]: if you have some time for a couple gui reviews, I have a lot of simple PRs open :)

selsta: gotcha 👍

> <@iudth-d_cmphve2wbrqq3p_ri2qk5kaj-jugk_mvb9-nnwgy-reuzqcq29qsrrxth57gag3_tussujykgifcw3hxm-k3_qnpzeepq4aefzwdax_23tyy_t9_wswfwdc9:monero.social> Setting up a pool is a good project, just don't expect to be a massive pool by any means. Most people default to SupportXMR and MineXMR since so many guides tell them to "just use this pool".

> Somewhat of an annoyance but that shouldn't stop you from starting one if you really want to. There are many pools that have started out and quickly gained popularity with miners through a quirk of theirs, such as RespectXMR which was a TOR-only pool, but later got shutdown due to not being able to cover costs of running a server.

For sure makes much sense. Wanna say it be fine if its a small pool.

I'll see if I can think of a quirk for the pool. Good thought indeed :)