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

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.

Sipizter

jr. member

Activity: 41

Merit: 7

Quote from: florida.haunted on January 10, 2019, 03:07:36 PM

Guys can you explain growing difference between XMR Network hashrate and the All Known Pools hashrate?

According to https://miningpoolstats.stream/monero

XMR Network hashrate = 463.06 MH/s
All Known Pools hashrate = 299.70 MH/s

I observe for this difference the whole last month, it stared from as low as 5% (5% unknown origin hashrate relative to known origin hanshrate e.g. All Known Pools hashrate). BUT IT GROWS MONOTONICALLY to >50% relative to All Known Pools hashrate TODAY.

UNKNOWN ORIGIN HASHRATE HAS GROWN FROM 5% to 50% i.e. 10 times in less than ONE MONTH.

51% Attack?! ASICs?! WTF???!!!

It is unknown, but that doesn't mean it is all from the same source. Maybe some private pools or otherwise unlisted pools. Mining hashrate coming from other coins? Dunno.
I guess ASICS would mean that we are going back to ~1GH/s, but what manufacturer would take that risk knowing that Monero will just change the PoW again thus bricking those devilish machines? So no, I don't believe in return of the ASICS.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

ANYONE mining or using Beam.

https://bitcointalksearch.org/topic/m.49163769

florida.haunted

full member

Activity: 243

Merit: 125

Guys can you explain growing difference between XMR Network hashrate and the All Known Pools hashrate?

According to https://miningpoolstats.stream/monero

XMR Network hashrate = 463.06 MH/s
All Known Pools hashrate = 299.70 MH/s

I observe for this difference the whole last month, it stared from as low as 5% (5% unknown origin hashrate relative to known origin hanshrate e.g. All Known Pools hashrate). BUT IT GROWS MONOTONICALLY to >50% relative to All Known Pools hashrate TODAY.

UNKNOWN ORIGIN HASHRATE HAS GROWN FROM 5% to 50% i.e. 10 times in less than ONE MONTH.

51% Attack?! ASICs?! WTF???!!!

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

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).

Non read only link.

https://www.reddit.com/r/CryptoCurrency/comments/aeikjp/ama_we_are_sean_neville_jeremy_allaire_team/

jwinterm

legendary

Activity: 3136

Merit: 1116

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).

dkbit98

legendary

Activity: 2212

Merit: 7064

Crypto Mining Malwares Netted Nearly 5% of all Monero

2 researchers from Universidad Carlos III de Madrid and King’s College London published a report estimating hackers have mined 4.32% of all Monero.
They are not sure how much of the Monero was cashed out.
Instances of crypto-mining malware increased by well over 4,000 percent last year, according to McAfee.

https://www.coindesk.com/crypto-mining-malware-has-netted-nearly-5-of-all-monero-says-research

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 115. (Read 4671114 times)