Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 110. (Read 4671114 times)

New Monero Forum Funding System is expected to go live in a few days, check tweet for more
https://twitter.com/JEhrenhofer/status/1089600244021686277?fbclid=IwAR1aPws2IHOVG70VQjJZegh-NpOAXYLYsOsRSlTDvKTVuV0EDD5lsewwqqc

What part of "formal" and "official" do you not see as completely centralized? Cause it seems totally centralized to me.

I do disagree with "official Monero Community". Am I going to be officially excommunicated and blacklisted from using the network into perpetuity now?

Also, as to your idea - why couldn't a pool with 51+% of total hash just register multiple addresses and divide it's hashrate among them? Then it could do whatever it was going to do as an apparent single entity but split its hash among its own multiple pools/addresses. Maybe if there was also some component of neural networks with blockchain AI they could recognize this and ban all the offending pools and miners from the network forever.

Official position of Monero Community is to keep entrance threshold level for new miners LOW, furthermore Monero Community does declare, apparently and specially, to resist ASICs, FPGA and any type of NON-COMMON hardware, i.e. hardware that is not available in the local stores of most countries.

Recently, Ethereum Community join to Monero Community's fundamental principals to be ASICs, FPGA and NON-COMMON hardware resistant.

The situation with ASICs in Bitcoin world is much more centralized, because ASICs are very specific hardware. Currently only one company produces most of Bitcoin ASICs. And of course there is no company that manufactures ASICs or FPGA (specially designed for crypto-mining like http://squirrelsresearch.com/cvp-13/) that will start to sell its NON-COMMON hardware while it is profitable for mining. Any company ALWAYS mines silently by its chips to its own profit and sell them when only they become UNPROFITABLE for mining.

(PoS had been recognized by Monero Community as a strong unacceptable centralization too)

If you disagree with official Monero Community, feel free to use a lot of Monero forks that are unresistant to ASICs & FPGA.

P.S. What about the idea of formal pool registration on the Monero blockchain & sign each mined block by pool's signature. It does not violate the anonymity of a pool ownner. It PREVENTs centralization by rejecting a block candidate mined by a pool close to 51% in hashrate of total network. Any volunteer CAN register new pool by automatic payment a fee to the blockchain and meet formal verification like pool is publically available and has good enough formal rating voted on the blockchain too.

P.P.S. the idea of formal pool registration has unique new attribute that is unavailable for any other crypto: Formal Trusted Mining Infrastructure, 51%-Resistant, Entirely Resides On Blockchain.

Hey guys and gals, I created a limited Monero artwork poster with special gold colouring "Needs No Slogan - Privacy. Security. Fungibility."



Available here: https://bitcointalksearch.org/topic/wts-bitcoin-borderless-monero-privacy-posters-limited-5102596

^This is a terrible idea that completely centralizes the network. You can't avoid FPGAs or ASICs forever, they're just another form of computer, albeit a bit less generalized. You can't keep hard forking every six months forever, it introduces centralization and uncertainty in the network/protocol. At some point, hopefully soon, Monero will stop running from this issue and just switch to a proof of work that isn't a pita to verify on low end general purpose consumer hardware and live with FPGAs and/or ASICs.

Yes. They start to public Unknown Hashrate officially. There is no need to compute it by hand. Now "51.2% unknown".

Monero core devs, WAKE UP.

Weighted all pro and con I return to an idea of registering all pool signatures on the Monero blockchain. Ones pool mined a block, it should sign it by its signature. Other full nodes should verify in real time that a pool given Does meet some formal requirements to be publically available via http/https and performing regular payments. Each full node thus can calculate whether every single pool violates 51% or not. Unknown pools and pools with invalid signatures should be rejected from block confirmation process...

Now let's think more generalized. May be pool verification described above is not necessary. But can we imagine that we store some info on the blockchain that can vary the mining algo by unpredictable way? So only when yet another few blocks are added to totally confirmed (full process resides in a time window ~ 1 day), the new current mining algo is known?

Now let's focus out from info on blockchain at all. Can we imagine a formal way that mining algo must use some info from the real world? For example any true random generator or generators reside somewhere on the Internet?

UPDATED. This FPGA is our enemy:

http://squirrelsresearch.com/cvp-13/

It's NOT an ASIC. So onces mining algo changes, new FPGA circuit will be built in few days or weeks depending on mining algo complexity to be understood by human mind...

Human mind... May be to add some Deep Learning AI elements into mining algo?!

UPDATED 2.

AI networks are well known to be able to generate results with rich complicated internal structure. But AI generally can't explain or prove how it has obtained this result. May be AI should generate our miming algo? For example each day or each week or each month?

AI should be embedded into blockchain and/or full nodes thus...

Network Hashrate 685.30 MH/s
53.2% unknown

https://miningpoolstats.stream/monero

I think it's the new bitstream Cryptonight V8 (monero) $ 9.04 @ 57.300H / s     Bittware CVP-13

Not sustainable. The current protocol upgrade schedule is already barely sustainable.

https://miningpoolstats.stream/monero
Network Hashrate  667.57 MH/s
Known Hashrate  328.09 MH/s

And Unknown Hashrate  339 MH/s (bitmain asics??)

Its more then 50% of Network Hashrate 

The point is to produce an algo that asics cannot easily reproduce with small footprint chips and extensible chips are tougher to create as well as copywrite protected. I would imagine that those extensions are also not in the hybrid fpgas and therefore would not produce the exponential rate increase we see with them like we do now with the bottlenecks offloaded to the soc.

BRAKING NEWS
https://miningpoolstats.stream/monero

Total 662 MH/s Known Pools 320 MH/s, Unknown = 342 vs 320 Known.

> 51% UNKNOWN HASHRATE FOR THE FIRST TIME EVER

MONERO CORE DEVS WHERE ARE YOU?! YOU DID NOT SAY A WORD ON THIS.

(previous year ASIC hashrate was distributed among known pools mostly so we did not observe 51% unknown hashrate. and price was ~$300-400 instead of $43 now)

Can we imagine an algo effective on both CPU and GPU, not effective on both FPGA/ASICs, such as it relies on some real-world data that can't be predicted?

if no, can we just fork 4 times a year, not 2?

Polynomial algo, we were discussing that when we were talking about QC resistance.

I've seen the light.

@florida.haunted: don't freak out dude, Monero had ASICs before. They were told to fork off, and they did.
Monero survived.
Now, if they're back, they will receive the same message. And again. And again. Until they give up, or they run out of money to develop and run this much hashing power.

WTF SHIT IN FURTHER PROGRESS

https://miningpoolstats.stream/monero

Total  Hashrate 621 MH/s, Known Pools 327 MH/s, Unknown 621 - 327 = 294 = 90% of Known Pools or 47% of Total (4% till probable 51% attack).

Let's implement CryptonightR and hard-fork immediately?
https://github.com/SChernykh/CryptonightR/

Price dropped to $43
https://www.monero.how

Honest miners are becoming bankrupts right now.

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Exactly Year ago - ASICs were on the scene:
total hashrate was ~ 750 MH/s (250 Mh/s from ASICs or ~33% of Total hashrate)
https://bitinfocharts.com/comparison/monero-hashrate.html#1y
price was ~$300
https://bitinfocharts.com/comparison/monero-price.html#1y

a graphic element can transfer more information, you may need to make a graphic blockchain that will have ASIC stability, and at the same time the block will be able to accommodate much more transactions, which will make transactions infinitely cheap and fast