[XMR] Monero - A secure, private, untraceable cryptocurrency - page 115.

mattcode

copper member

Activity: 282

Merit: 31

Quote from: Hueristic on January 12, 2019, 05:29:59 PM

It's not even remotely silly

Running around screaming "ATTACK!!!" without knowing what's going on is definitely silly.

Quote from: Hueristic on January 12, 2019, 05:29:59 PM

ALL POSSIBLE security threats need to be addressed and EVERY Attack vector investigated.

That's true, but this is just people mining the coin.

Quote from: Hueristic on January 12, 2019, 05:29:59 PM

as I warned about json a year before the labs found the vulnerability

Do you have a link? I had a quick scroll through the MRL page on getmonero.org but didn't find anything.

Quote from: Hueristic on January 12, 2019, 05:29:59 PM

This is not some POS winblows OS, this is a currency that needs to remain unchangeable to serve its only function.

But we change it every 6 months Huh

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Globb0 on January 11, 2019, 06:26:18 AM

Quote from: mattcode on January 11, 2019, 06:22:28 AM

Quote from: florida.haunted on January 11, 2019, 06:11:02 AM

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalksearch.org/topic/m.49172936

- NO! Unknown hashrate is NOT just... unknown. It is a Potential Threat of 51% attack if not proven else.

People that support a privacy coin like to solo mine or mine on private pools, what's wrong with that?

And do you think a 12 fold growth (from a low percentage to high) in a few days is normal organic growth?

Well there should be a effort to find out if those Hybrid FPGA's add up to this added rate as they do release secret bitstreams and they do have a host service that may not be reporting. Although I don't see why they wouldn't report it as the pow will fork at the next upgrade just for the unknown factor even though IIRC it is a plan anyway. So basically if they report that rate it will not hurt them or change anything and would help them as no-one would be thinking about it being an attack.

Quote from: mattcode on January 11, 2019, 06:59:30 AM

Quote from: Globb0 on January 11, 2019, 06:26:18 AM

Quote from: mattcode on January 11, 2019, 06:22:28 AM

Quote from: florida.haunted on January 11, 2019, 06:11:02 AM

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalksearch.org/topic/m.49172936

- NO! Unknown hashrate is NOT just... unknown. It is a Potential Threat of 51% attack if not proven else.

People that support a privacy coin like to solo mine or mine on private pools, what's wrong with that?

And do you think a 12 fold growth (from a low percentage to high) in a few days is normal organic growth?

Well I do think that the rapid growth is something to think about. Someone moving a big mining farm over from another coin? Someone received a bunch of FPGAs and finished programming a bitstream for CryptoNight variant 2?

I just think it's a bit silly to just see it and immediately scream that it's an attack.

It's not even remotely silly, ALL POSSIBLE security threats need to be addressed and EVERY Attack vector (as I warned about json a year before the labs found the vulnerability) investigated. This is not some POS winblows OS, this is a currency that needs to remain unchangeable to serve its only function.

statdude

legendary

Activity: 1498

Merit: 1000

Hey Monero peeps!

I wonder if anyone is left from the 2014 days? I saw Risto went down hill... and Cryptonaire or whatever seemed to move on to pumping shit like Verge... Any old official whales left?

I wish you guys well. I was an original supporter but left the coin for unfortunately reasons in 2015 although in the back of my mind, I've been glad to see XMR be one of the few successes and break out over that epic June 2014 top of .01 BTC per coin. That was probably the "pump" that taught me how to trade the hard way, after mostly holding all the way down. Glad to see a UI finally came out, LOL!

Are there any concerns about competition from Grimble-whatever and GRIN and other such coins in 2019? I bought some ZEC months/years back but XMR has royally kicked ZEC's ass, not gonna lie, and Zook hasn't impressed me really in interviews I've heard. I wouldn't mind dumping that shit if I can catch a pump, and getting back on board over here!

I doubt XMR will ever go below that 0.01 price again, unless a better anon takes steem. that pump was sooo epic by 2014 standards, I'm sure it's rock solid support now Grin

right??!

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: Chicken_76 on January 11, 2019, 07:54:46 AM

There has been major price movement recently in crypto and it seems to coincide with the increased network hashrate. Probably miners of other coins switched to Monero.

As my thoughts, the ladies and gents are mining "cheap" Monerujo before a price peak in april, my guess Grin

Chicken_76

jr. member

Activity: 56

Merit: 7

There has been major price movement recently in crypto and it seems to coincide with the increased network hashrate. Probably miners of other coins switched to Monero.

mattcode

copper member

Activity: 282

Merit: 31

Quote from: florida.haunted on January 11, 2019, 07:05:10 AM

Quote from: Globb0 on January 11, 2019, 06:26:18 AM

Quote from: mattcode on January 11, 2019, 06:22:28 AM

People that support a privacy coin like to solo mine or mine on private pools, what's wrong with that?

And do you think a 12 fold growth (from a low percentage to high) in a few days is normal organic growth?

I confirm, it is obviously abnormal even... a bit mysterious and CREEPY: last XMR hardfork made on October 8 2018 had involved Cryptonote v8 (cn/2) mining algorithm that has significant anti-ASIC improvements (I remember it because I did read a discussion on cn/2). Today, just 3 (THREE) months passed. How can one make a huge amount of new ASICs against cn/2 algo?! In 3 months?!

200 EXTRA UNKNOWN MH/s are too huge for even ASICs made in 3 months! We remember, ASICs are HARDWARE not software.

Right now:
https://miningpoolstats.stream/monero

309 MH/s Known hashrate, 200 Mh/s UNKNOWN, total 508 Mh/s

P.S. May it be a bug in a block candidate confirmation unit? Or generally speaking, a bug in XMR source code somewhere... may be in cn/2 algo itself?

Have a look at a graph of the network hashrate over the last 3 months and then things don't look so scary

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: Globb0 on January 11, 2019, 06:26:18 AM

Quote from: mattcode on January 11, 2019, 06:22:28 AM

People that support a privacy coin like to solo mine or mine on private pools, what's wrong with that?

And do you think a 12 fold growth (from a low percentage to high) in a few days is normal organic growth?

I confirm, it is obviously abnormal even... a bit mysterious and CREEPY: last XMR hardfork made on October 8 2018 had involved Cryptonote v8 (cn/2) mining algorithm that has significant anti-ASIC improvements (I remember it because I did read a discussion on cn/2). Today, just 3 (THREE) months passed. How can one make a huge amount of new ASICs against cn/2 algo?! In 3 months?!

200 EXTRA UNKNOWN MH/s are too huge for even ASICs made in 3 months! We remember, ASICs are HARDWARE not software.

Right now:
https://miningpoolstats.stream/monero

309 MH/s Known hashrate, 200 Mh/s UNKNOWN, total 508 Mh/s

P.S. May it be a bug in a block candidate confirmation unit? Or generally speaking, a bug in XMR source code somewhere... may be in cn/2 algo itself?

mattcode

copper member

Activity: 282

Merit: 31

Quote from: Globb0 on January 11, 2019, 06:26:18 AM

Quote from: mattcode on January 11, 2019, 06:22:28 AM

Quote from: florida.haunted on January 11, 2019, 06:11:02 AM

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalksearch.org/topic/m.49172936

- NO! Unknown hashrate is NOT just... unknown. It is a Potential Threat of 51% attack if not proven else.

People that support a privacy coin like to solo mine or mine on private pools, what's wrong with that?

And do you think a 12 fold growth (from a low percentage to high) in a few days is normal organic growth?

Well I do think that the rapid growth is something to think about. Someone moving a big mining farm over from another coin? Someone received a bunch of FPGAs and finished programming a bitstream for CryptoNight variant 2?

I just think it's a bit silly to just see it and immediately scream that it's an attack.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: mattcode on January 11, 2019, 06:22:28 AM

Quote from: florida.haunted on January 11, 2019, 06:11:02 AM

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalksearch.org/topic/m.49172936

- NO! Unknown hashrate is NOT just... unknown. It is a Potential Threat of 51% attack if not proven else.

People that support a privacy coin like to solo mine or mine on private pools, what's wrong with that?

And do you think a 12 fold growth (from a low percentage to high) in a few days is normal organic growth?

mattcode

copper member

Activity: 282

Merit: 31

Quote from: florida.haunted on January 11, 2019, 06:11:02 AM

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalksearch.org/topic/m.49172936

- NO! Unknown hashrate is NOT just... unknown. It is a Potential Threat of 51% attack if not proven else.

People that support a privacy coin like to solo mine or mine on private pools, what's wrong with that?

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: ?? on ??

Thank you for your warning.
I checked but don't see the pool that has dominant hashrates as you said.
Can you tell me which pool has 62% of Monero total hashrates, please.

This is UNKNOWN. All "legal" pools listed in
https://miningpoolstats.stream/monero
have total hashrate just 312 MH/s absolute now.

This is the PROBLEM: Unknown part of hashrate is 62% (507 MH/s absolute) as big compared to known part belongs to known pools.

But just A MONTH AGO, Unknown part of hashrate was 5-10%!

florida.haunted

full member

Activity: 243

Merit: 125

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalksearch.org/topic/m.49172936

- NO! Unknown hashrate is NOT just... unknown. It is a Potential Threat of 51% attack if not proven else.

"Its evidence of sudden and steady change, maybe someone can try to look into it and put his mind at ease?"
"We can do without anymore big drama for a while."
https://bitcointalksearch.org/topic/m.49173404

- NO again. It is BIG drama for Honest miners, because the ratio (Hashrate [MH/s] / Price [$]) > 10:1 today. It grows all the latest year from 2:1 to 4:1 ... 6:1 and now to 11:1. Regardless of 51% attack or not, our Honest miners become bankrupts soon!

We, as The Community, should consider the steps to prevent this unknown hashrate attack. I don't know what the steps. Let's begin our thoughts from a formal pool registration procedure onto XMR blockchain and digital signatures of all mined block candidates to belong to a given pool formally registered... Any better ideas?

Monero blockchain is in definite danger last week.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Its evidence of sudden and steady change, maybe someone can try to look into it and put his mind at ease?

We can do without anymore big drama for a while.

mattcode

copper member

Activity: 282

Merit: 31

Quote from: florida.haunted on January 11, 2019, 04:00:29 AM

when it equals to 100%, it is 51% ATTACK!!!

Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity.

florida.haunted

full member

Activity: 243

Merit: 125

Hueristic, dEBRUYNE, Fluffypony!

WAKE UP!

According to:
https://miningpoolstats.stream/monero

XMR Network hashrate = 504.79 MH/s
All Known Pools hashrate = 311.13 MH/s

The Relative Unknown Origin hashrate = Unknown Origin hashrate / Known Origin hashrate = 62%,
when it equals to 100%, it is 51% ATTACK!!!

Just 2 days ago the Relative Unknown Origin hashrate was 30%:
https://bitcointalksearch.org/topic/m.49139862

Just 1 month ago, the Relative Unknown Origin hashrate was 5-10%.

SOS. SOS. SOS.

lobcmt2

full member

Activity: 462

Merit: 155

Quote from: jwinterm on January 10, 2019, 11:21:53 AM

Circle/Poloniex doing an AMA on /r/cryptocurrency:
https://np.reddit.com/r/CryptoCurrency/comments/aeikjp/ama_we_are_sean_neville_jeremy_allaire_team/

Several questions about Montenero (and return of the trollbox).

I love the former trollbox in Poloniex, that looks very funny.
After removing / disabling the troll box around one year ago, the exchange looks a little bit boring. Grin

With troll box, the exchange will become more lively.

In contrast, I known that trollbox is also a perfect channel to spread FUDs.
However, investors should be smart and protect themselves from FUDs that are not only spreaded in trollbox.

Gaben.

newbie

Activity: 42

Merit: 0

Hey what can I say .. I mean it would be a drop in the bucket if the mining algo wasn't changed and then we'd probably be talking about asics or something instead of 51% attacks but at least we kept our dignities!!1

Realistically I would prepare for the worst and expect a pretty nice re-org myself. But then again this thing forks every six months so worst case is we're down until then, after they unwind a bunch of things and we're all the more broke for it.

Either bend over for asics or get bent over by the people the asics are there to stop, kinda really only two choices when it comes to PoW and not having enough hash rate. I mean, what people are being empowered by a permanently vulnerable chain? But what do I know not enough I guess.

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: Gaben. on January 10, 2019, 04:09:50 PM

Heh I suppose it's out of the realm of supposition that a private cryptocurrency would necessarily draw a majority private mining base, like the kind not keen on packaging all their miners data and sending their mining data to one source or another, right?

I mean speculating on an 'unknown' mining base is the same as looking at the block explorer and trying to make a rich list without a public facing address/viewkey upload registry for the most part imo.

Sure it could be a lot of things, good and bad. Both nature of privacy and the lack of coin in the pocket more often than not inhibit the spread of information, which contrary to many beliefs does come at a cost.

Philosophically you are right. But I don't speak about Philosophy, but rather about a real "ground truth" treat like 51% attack on ETC done few days before.

Usage of unknown "hidden" pools is quite strange practice since there were a lot of ASICs and botnets in the XMR past that've used public "official" pools with great success. There is no need for someone to build "hidden" pool - EXCEPT he want to 51% attack us...

Andretti83

full member

Activity: 297

Merit: 112

PRIVATE AND NOT PREMINED: MONERO, AEON, KARBO

When next HF (or network update which is like many pointed out better name)? Feel out of the loop. Do Monero already switched to one HF a year?

Gaben.

newbie

Activity: 42

Merit: 0

Heh I suppose it's out of the realm of supposition that a private cryptocurrency would necessarily draw a majority private mining base, like the kind not keen on packaging all their miners data and sending their mining data to one source or another, right?

I mean speculating on an 'unknown' mining base is the same as looking at the block explorer and trying to make a rich list without a public facing address/viewkey upload registry for the most part imo.

Sure it could be a lot of things, good and bad. Both nature of privacy and the lack of coin in the pocket more often than not inhibit the spread of information, which contrary to many beliefs does come at a cost.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 115. (Read 4671910 times)