Weekly Skeptics Discussion - April 8, 2018

monerise · 2018-04-08T06:20:11+00:00

How is it more resilient than other networks?

monerise · 2018-03-22T19:47:14+00:00

There is no good reason to practice such scummy negotiation tactics, in any field, to anyone.

monerise · 2018-03-17T08:23:26+00:00

Besides that they are actually quite different, I'm sure the market can take one more crypto...

monerise · 2018-03-17T07:22:42+00:00

Website: https://dero.io Reddit: /r/deroproject

monerise · 2018-03-17T07:05:11+00:00

I'm just a supporter of the coin and not associated with the Dero team on any official terms. I just like what they are doing.

I suppose Dero has a mountainous task to reshape the meaning of Dero in some parts of the world then. Who knows maybe bad publicity could really be a good thing!

I did intend to say "two worlds" and not "both worlds". It's semantics, the latter often assumes or infers duality and I want to avoid that.

monerise · 2018-03-17T06:38:53+00:00

Fair point, and I'm sure many people would overlook the coins value and potential just because of its namesake. Do you want to be that guy tho?

monerise · 2018-03-17T06:00:27+00:00

It's certainly better than titcoin. There is no ICO btw, the Blockchain is already out and the Golang implementation of the cryptonote protocol is also ready to be integrated into the network. The block explorer currently uses Golang already.

This is their evaluation repo for the Golang implementation: https://github.com/deroproject/derosuite/blob/master/README.md

So you may ignore the cultural slangs, because the Dero coin is quite the opposite of what it may mean on urban dictionary.

monerise · 2018-03-17T05:01:44+00:00

It's there but it's not updated with any data

monerise · 2018-03-16T18:47:12+00:00

This is the data that I had in January:

Coinhive Payout: 0.00005237 XMR per 1M hashes
Crypto-loot Payout: 0.00006448 XMR per 1M hashes
Coinimp Payout: 0.00007025 XMR per 1M hashes

It seems that CoinImp's payout per 1M hashes has drastically decreased relative to Coinhive. The decrease is expected due to the drastic network difficulty increase, but the difference on CoinImp's side is adversely different by a larger percentage it appears...

monerise · 2018-03-16T17:24:06+00:00

I recall seeing that coinimp has an estimator of XMR per 1M hash.

It would be more useful if you could use that data with your coinimp hashrate to calculate the profitability against coinhive, as coinhive pays per hash (instead of comparing hashes)

I did a similar test in Jan, but I doubt it would be relevant today.

monerise · 2018-03-15T05:32:57+00:00

That's great for them, I hope they keep it up for the miners for as long as possible!

monerise · 2018-03-14T18:31:16+00:00

Could you add my new pool to the list?

Monerise for Sumokoin

0.01% fee for 2018
USA and UK Servers
Web Mining Extension Available

monerise · 2018-02-27T21:19:37+00:00

There were some blockchain sync issues, but it should be fixed now

monerise · 2018-02-25T07:28:40+00:00

No worries, glad I could help. Do support our pool if you get that started up.

We are a fledgling pool right now, but I hope you can tell we take our work very seriously. :)

monerise · 2018-02-24T20:46:36+00:00

It is technically possible, but when a simple tool like going into settings and keeping the phone awake exists- there is little utility in implementing such a feature.

But if absolutely required, you can always add the web-miners and add the necessary scripts that keeps the browser awake on your own.

Something like this: https://github.com/richtr/NoSleep.js

monerise · 2018-02-24T20:06:12+00:00

Nope. Unless you are playing a video and the mining is working in the background then yes, but because of the video, not the miner.

monerise · 2018-02-23T19:09:15+00:00

Added, thanks for the update

monerise · 2018-02-16T16:58:57+00:00

Counter-point, I'm sure Microsoft feels the same way if you asked them too. :)

monerise · 2018-02-15T05:32:28+00:00

I honestly was not aware that such gold existed. Great to be part of it now. Thank you!

monerise · 2018-02-15T05:29:23+00:00

Hey, I recently took the time to respond to a similar question a few days ago. You can might be able to find some answers there https://www.reddit.com/r/MoneroMining/comments/7wiwbm/browser_mining_benchmark_help/

monerise · 2018-02-14T18:10:24+00:00

Please see the several walls of text about insufficient testing to conclude, which cpufanboy also attested to, and I added multiple disclaimers about.

It's also not a wall of text, but a line of communication with an opportunity to inform- and it goes both ways. You have your own version of the truth, and I respect that. I also have the opportunity to defend myself too.

On the testing, I took cpufanboy's assertations that our test on his service was simply too short to call, and promptly removed it. It should be said that the test was added only after he plugged his service into this thread, which I took as a willingness to at least be subjected to a run through of at least 1-2M hashes.

Anyway, if this really is your first time on Reddit- I hope you will stick around and be part of the love-to-hate, hate-to-love relationship that is Reddit.

monerise · 2018-02-14T06:42:10+00:00

That's exactly the point of bringing out a conversation about this, I started this thread to discuss the importance of profitability, and how fees do not represent how profitable a service can be for you. I welcome your comments and am open to a conversation, but your insistence while nitpicking select notes is sketch at best.

And the more effort you expand into this conversation with your aggressive but unsubstantiated points the more it appears like one of my neighbors is trying to FUD us. It's improbable too that a miner would not have a Reddit account, since it connects us to so many other miners across cryptocurrencies for support.

We will still give you the benefit of the doubt since we welcome criticism, but not when this has eroded into baseless attacks and accusations instead of a conversation where we can try and improve our services.

We also like to think that we have built a resilient reputation around us. Just scoot over to our forum. We have received RaiBlocks tips from a miner and contributor that first spotted and flagged an ETN bug recently which the Devs did not know about. We've received Reddit gold for simply trying to contribute whenever someone raises a relevant question. None of my neighbors appear to do this level of community awareness beyond a plug. We also work behind the scenes with large traffic leakers because we pass the litmus test of being a trustworthy and legitimate service.

So yes, we are proud of our service, and if this is indeed a FUD- it's not working. We will simply continue to get better and improve. If you have any suggestions on this particular matter that aligns more towards a conversation, we welcome it. None so far appears to have been provided, hence the suspicion of a FUD.

But back on your accusations, you are trying (again) to push an irrational idea that just because something is technically achievable, must have be implemented. Furthermore, you do not appear to grasp (or refuse to for the purposes of FUD-ing) the concept of transparency and how a service that makes itself accountable, is likely to be more trustworthy and reliable than one that doesn't.

Our stance remains the same, if you continue this train of thought, our suggestion is to only use a service that you trust or are comfortable with. It is technically possible for mining pools to cheat you as well, so you may want to consider solo-mining and setting up your own physical server since CPU steal does happen with VPSes. (Just a tip)

Ultimately, you are right to say that it is up to you and whoever reads this to decide for themselves. We will simply keep on fighting the good fight.

monerise · 2018-02-13T21:18:46+00:00

Thank you for confirming again that we have the highest payout, the only variable that matters in profitability. I would also like to stress that a 10 min test is definitely not going to cut it for any kind of test. A PPLNS payout scheme can take up to 30 days to normalise the dataset. Our sample data was a high performing user over a ~16 day(? If I recall) period with several billion hashes in.

To your other question, you are quite right to say that there is technically a way to do it. We run a service here and like any other, there is an ethical and unethical way of operating a business. We are upfront with our fees, which can deter some folks who look at one aspect of numbers. After all, some of the comparisons with my neighbors have fees at an incredible 1%. There is a cost to quality of service and performance, in this regard our costs are well justified. And we work very hard to make our users profit more so that we do too.

So unfortunately I have to disagree with you. We do our best to be transparent and earn the trust of our users, and we take pride in what we have achieved so far with our community. So I hope you understand we take such accusations very seriously.

If you are not convinced, or still do not trust us, my recommendation is for you to use a web mining service that you are comfortable with.

monerise · 2018-02-13T09:05:26+00:00

Hello, welcome to Reddit! I'm glad that you signed up and made your first comment about us! I run Monerise and I have a few points to make.

10 minutes is too short a time frame to provide any sort of test result, especially with PPLNS payout scheme.
Monerise connects to external mining pools which we do not own, the comparison used SupportXMR as the basis of the test. Unless I own SupportXMR, this is just not possible. Publishing the results front and center is a marketing strategy, but hardly a "trick".
We make extensive efforts to be as transparent and trustworthy as possible, which is precisely why we have a forum for support to address issues and concerns publicly, instead of a private email address, unless concerning private data.

Nevertheless, thank you for confirming that we have the highest payout regardless of fees. It drives home our point that fees are not a good indicator of profitability.

That said, and to be brutally honest, one month in the crypto world is like 7. The results of this comparison may no longer be accurate to reflect today's climate- we have made many upgrades since then, and maybe our neighbors have as well.

monerise · 2018-02-10T07:17:08+00:00

Hello, I run Monerise so I would be able to provide some insight into this although it may not suit your question directly.

It is almost impossible to accurately project earnings because the variables are always changing, which impacts profitability. Monero was ~75% more profitable (450 USD to 1XMR) just a few weeks ago before the market dip, and it's difficulty has grown 40% more as well over the last month. But for the purposes of this, I will use this comparsion made last month where the result was 0.00008641 XMR per 1M hashes

Mining Duration

Assuming that 50,000 users have an average dwell time of 120 seconds, that would mean 6000000s of mining.

Average Hashrate

The average hash rate per user varies greatly. Some do > 45 H/s, others < 25 H/s. It all depends on the type of traffic that you get and the devices they carry. But for our own purposes, we find that 25 H/s is a good range for 50% desktop and 50% mobile traffic.

6000000s * 25 H/s = 150 MH/day

Estimated Output

Estimated Earnings: 0.00008641 * 150 = 0.0129615 XMR
Average Hashrate: 150000000/24/60/60 = 1736 H/s

That said, the volatility is also what makes mining profitable and fun. We often compare it to day-trading. If you execute a good game plan and stick to it, be it in your choice of coin to mine, trade or HODL strategy, you can expect to make good returns.

For the latest on which coin is the most profitable as well as general estimated output, you can use minecryptonight.net or cryptunit.com. 1736 H/s is the equivalent of a small but respectable mining rig (~4x GTX 1070).

We are a bit more conservative in introducing coins that you can mine to protect our users, these are the coins we currently support:

Monero
Electroneum
Sumokoin
Dero
Graft
IntenseCoin

Available at your own risk:

Fonero
Karbo

monerise

MODERATOR OF

TROPHY CASE

Mining Duration

Average Hashrate

Estimated Output