Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 113. (Read 4671114 times)

Actually I don't know HOW. Just my fantasies to start a discussion...

Now I think my opponents that say there are NO ASICs today despite dramatic hashrate grow - they are right. Even if they aren't - next hardfork and mining algo adjustment WILL BE this April.

My main pain is that new huge hashrate (currently 232 of 547 MH/s) doesn't belong to known pools: imagine they are Ethereum miners that switching to Monero - why they don't use existing well-known pools with good reputation?..

RandomJS is obsolete. Its author proposes RandomX. RandomX requires main computer RAM ~ 4Gb, too huge. Furthermore RandomX denies GPU mining de-facto (not only FPGA & ASIC). But almost all our honest CryptoNight V8 miners are GPU miners.
We must save the possibility of GPU mining.

So when they has to manually do something for their FPGAs, the FPGAs has to be close to them, since they cannot every day travel all around? This makes impossible to rent the FPGAs all around the planet? This sounds a good idea.

But how UTC time is dealing with this? Has the manual handling to be done at very same moment for all the FPGAs in the one entity?

These are something.
https://www.reddit.com/r/Monero/comments/aebkgf/is_mimblewimble_or_other_such_privacy_technology/

There is about Beam, Grin, MimbleWimble and Tari.

There was a proposal from hyc for a revolutionary new algorithm, named RandomJS, that would work best on commodity CPUs. I haven't looked at it too deeply but the little that I saw I liked. Doing ASICs or FPGAs for it would be extremely hard and the results would most probably not be efficient.
I think the downside of RandomJS is that GPUs would be at a significant disadvantage, and there are lots of miners that have invested large sums into GPU rigs.
I don't know what the current status of RandomJS is, but you can contact hyc on reddit and ask him.

or a few pools could merge

I was warning about this few weeks ago. But community was too lazy. They told me like "man, relax". Today I read discussions on the known pools, for example, https://monero.hashvault.pro/, and all the miners are in deep anxiety.

Today, according to:
https://miningpoolstats.stream/monero
Known Pools Hashrate = 322 MH/s
Unknown Pools Hashrate = 555 - 322 = 233 MH/s

And this 233 MH/s of Unknown Hashrate was 10 Mh/s just TWO WEEKS ago. IT IS GROWING TOO FAST. HONEST MINERS WILL BECOME BANKRUPTS SOON.

Whether Unknown Hashrate comes from FPGA, ASICs, Botnets, or Ethereum GPU miners - does not matter so much. Main danger is that 233 of 555 MH/s are Unknown Hashrate. It is suitable only for attempt of 51% attack that was made a week ago against Ethereum Classic.

WE MUST propose mining algo more resistant to both ASICs and FPGAs. Could we embed for example some kind a dependence on UTC time into mining algo? The goal is to enforce FPGAs owners to justify their hardware manually every day. While honest GPU users will use UTC time from central system clock of their main computers?

Any better ideas welcome!

FPGAs maybe?

What is going on with XMR difficulty ? 
is there any new asic for CNv8 ?

Hey, is there a good thread on a comparison of Monero and Grin around?

For anyone interested, the issue got resolved here:

https://monero.stackexchange.com/questions/10769/xmr-send-but-receiving-wallet-has-nothing-after-days

wow, the hashrate is going up! Nee equipment?
no wonder why my rigs are doing less recently.

Might be that your wallet 1 is not synced. I assume it is the same daemon for both wallets. Maybe do a rescan balance for wallet 1?

Where did you do this exchange operation?
You have to ask this question to your agent-middleman-broker (whatsoever…) company.

Hi,
I'm not sure if I'm at the right place for this, my apologies if it's not.

I have the following situation:

1. I exchanged BTC for XMR and after 24 hours it still did not show up in my XMR wallet.
2. I created a new wallet, bought xmr and send it to a different new wallet. I received the XMR within 20 minutes.
3. I send XMR from that second new wallet to my first new wallet. Now a day later, nothing shows up.

I have used both client as gui to get spend proof info. Also in the client it shows how many XMR were transferred by txid txkey and wallet.


This never happened to me before. I know XMR can take a long time. From minutes to hours. But at least you get to see (unconfirmed eta ~20 minutes). Now it's all 0.00000

Does anyone know if there is a current situation why it's going wrong? Why did my exchange->new wallet work as it should, but with using GUI wallet 2 to wallet 1 does not work?

What will happen to my coins?

What should/can I do. I'm not talking about small amounts

Your numbers are off. Year ago we were few weeks away from 1000 Mhash (or 1Ghash) because of ASICS. Sure the price was multiple times higher in USD terms because of BTC sitting at almost 20 000$, but in BTC terms we were "only" about 2x - 2,5x higher. Hashrate now is the same as it was last November and the price in BTC terms was similar. I still think ASICS manufacturers would be foolish and essentially throwing money away if they were building new ASICS for Monero because they know Monero will just change the POW again. All that development cost for nothing (or almost nothing).

The only one I can find is coincalculators.io (scroll to the bottom). It only shows the last 24 hours though.



So it's dropped from ~502 MH/s to ~156 MH/s in just over a day.

Man, I don't say there is a reason for panic, there is a point to think on our steps to PREVENT future panic. Your mistake is that you consider high network hashrate only APART of other signals of danger, you just see one step near you, not far a bit.

1. There is no big deal with hashrate itself, THE PROBLEM is how is this hashrate distributed among Known Pools. The danger is that 100% of new creepy hashrate DOES NOT BELONG TO KNOWN POOLS AT ALL. Unknown hashrate ~= 200MH/s while Known hashrate (belongs to Known Pools) ~=300 MH/s, so Unknown hashrate ~= 60% of Known hashrate. Note, I even don't speak that ASIC or Botnet owners MAY use known pools : they MAY but they DON'T. THIS IS THE MAIN PROBLEM THAT SEEMS LIKE 51% TRY-ATTACK.

2. Don't compare hashrates alone. Compare them IN PAIR with XMR price. For simplicity consider exactly 1 year period. Today hashrate ~=500Mhz, price ~=$45, but A YEAR AGO hashrate ~=500Mhz AS WELL (nothing changed) but price was ~= $400.

You can see easily that mining profit drooped in ONE YEAR for TEN TIMES, not 2, not 5, but 10 times. Our Honest Miners that pay for electricity are becoming bankrupts right now!

All we remember Bitcoin past at 2010-2011. When did Bitcoin mining begin to be completely UNprofitable to mine with GPU?! WHEN FPGA and ASICS came to the scene!!!

But official politics of our community is to be FPGA- and ASIC-resistant, or generally speaking TO BE RESISTANT AGAINST ANY SPECIFIC MINING HARDWARE.

When honest miners with GPUs that pay for electricity can't mine and become bankrupts - THIS IS DIRECT VIOLATION OF THE COMMUNITY POLITICS.


May be you are right... Can you place here links to XMC hashrate/difficulty chart?

Going to the one year will make it even more obvious, yet it's nice to see so many n00b accounts appearing that are so concerned with the coins well being.
Might be time to buy, oh wait I never stopped.

Or you can use our charts: https://xmr.ru/charts/