It was 60BTC few hours ago it's got eaten

This is Monero's other lesser known strength: The adaptive blocksize limit and tail emission coming into play. I have been following this blocksize issue in Bitcoin for over four years now and actually found out about Monero back in 2014 while researching this issue in Bitcoin. If transactions take forever to confirm then a coin becomes effectively unusable. As much as I hate to say this I still remain convinced that this is Bitcoin's Achilles' heel.

We could rephrase the critical question as "Can miners spend there coins without anyone knowing?". Zcash doesn't pass this test any more than Bitcoin.

Since Zerocash will allow both transparent and private transactions, I am curious which one will be used more.

And yet the market doesn't retreat more than 3%. This guy will run out of ammo soon and then what? There's only so much 27k USD can do to a market trying to gain 10 million or more in market cap. Just a matter of patience.

I don't get why he's selling like that... but that's none of my business

Because its primer, and he operates a botnet, (well, ok, not really a botnet, but might as well be), and the botnet operators are somewhat incentivized to keep prices low so that there is less interest in mining the coin.

So lets assume botnets are 40% of the hashrate now, at 80 cents monero. We'll use 10k daily emissions for ease - so thats 4000 xmr day. Due to xmr's relative small volume, you can control prices with a weeks worth of this emission quite easily. About $22,400 per week

Now, lets bump the price of monero to 5$. Somewhere between 80 cents and 5$, the GPU mining farms switch over to the monero network (from ethereum, litecoin, and Dash). Monero net hash is currently 12 Mh/s. 40% of that is 4.8 Mh/s. Divided by hashrate of 290x (700 h/s), thats 6857 GPUs. So it would take 6857 290x's coming online to decrease the botnets influence by half. So now they are down to 2000 xmr day, at 2000 * 5$ *7, so we're at $70,000 per week. But the important part is the decrease in xmr they bring in, because the (free, but not free, if you're a botnet sympathizer, and thats ok) xmr provides them the power to control the price.

Take for instance this guy:
https://eth.pp.ua/stats/miner/?address=0xd9176cf582b2f51fad57941e0a84dfba0ed3620d

an ethereum GPU farm operator, obviously. 1476 MH/s on ethereum is roughly 60 290x's. Whole ethereum hashrate 12744, which is 509 290x's. Now I don't know how much infrastructure is in the litecoin, dash, or other networks, but it could be calculated, and I bet there's ~7000 290x mining units out there.

http://www.coinwarz.com/cryptocurrency/?sort=hashrate&dir=desc

check that out - ignore the sha256 ones, and look for the network hashrate.



So obviously this is just a theory, but in general my point is there are logical reasons to provide a downward pressure on Monero's price.

Exodus?

https://twitter.com/fluffyponyza/status/704651674170880000

be carefull here. maybe he sells 50% now and use the rest to dump it down with one precisely timed dump(thats what i would do tbh)
first feed the longs, then destroy them.

i dont think he would take such a big risk if he doesnt see a chance for himself to succeed with his plan. If we can not see a realistic chance for him to succeed, maybe we dont know everything yet ?

those who have been around know sentiment can turn around really really fast. now you think he is running out of coins. But only some time later you will be asking yourself where the hell all those coins are coming from. Damn i remember the time, the bulls had no chance.

now it looks different, at least temporal. but once the big dumps start, who really has enough ammo to step in? those who do allready have enough coins i guess.



maybe its me that can not see that times changed now. much more sponatious 1-4k buys now. still, a 50k+ dump will cause panic easily

edit:exodus.io is huge news!!. i love it, good job everyone

Monero's userbase seems to have grown a lot over the last few months. Everyone in crypto space seems to be aware of it and most hold decent positions, except perhaps a lot of big names who are condescendingly avoiding discussions about it, hence the slow march upwards.

Hello everyone. First time poster here.

I've done some research on Monero (vis-a-vis BTC and ETH) and decided to get some XMR.
It's now sitting snugly in simplewallet.

I have a question for moneroj-mining experts here.

Will the upcoming Nvidia Pascal cards significantly up the hashrate per GPU?

http://www.techtimes.com/articles/134957/20160220/nvidia-pascal-gp100-gpu-to-rock-4-tflops-double-precision-12-tflops-single-precision-processing-power.htm

The upcoming Pascal is much anticipated for its more efficient 16nm FinFET architecture and will have up to 16GB of High-Bandwidth Memory (HBM).

Or is it more fuss-free to simply rent servers via Interserver or AWS and use it for remote mining?
Let's take the cost of electricity out of the equation first.

Thanks and appreciate all the ongoing intelligent discussion here.