[XMR] Monero - A secure, private, untraceable cryptocurrency - page 377.

xs.over

full member

Activity: 376

Merit: 103

Quote from: iCEBREAKER on June 22, 2017, 03:39:18 AM

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz! Cheesy

Huge increase in net hashrate, difficulty was from BOTNET. it's clearly seen on the graph of monero net hqashrate (A sharp increase in network hashrate by more than 10Mh within few hours). Same thing was in May, when was found another trojan. Or do you really think that 200K+ machines was connected to the monero network within a few hours and this is not botnet? LOL.
The sad side of all of this - the fallen profit by 18-20% due to the increased net difficulty on same amount.

vitocorp

sr. member

Activity: 434

Merit: 255

Payza Adds New Cryptocurrencies to Exchange, Including Ethereum, Ripple, Litecoin, Dash & Monero

https://www.crowdfundinsider.com/2017/06/102476-payza-adds-new-cryptocurrencies-exchange-including-ethereum-ripple-litecoin-dash-monero/

visdude

legendary

Activity: 1081

Merit: 1001

Quote from: iCEBREAKER on June 22, 2017, 03:39:18 AM

Quote from: saddambitcoin on June 21, 2017, 08:28:18 PM

what's OCN?

Overclock.net. Huge, old PC performance enthusiast community.

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz! Cheesy

That's how I got into crypto (BTC) way back then before the Butterfly Labs preorders -- several ready-to-mine gaming rigs that were collecting dust. I think a lot of us went through this route. I only wish I had saved all those BTCs that were consequently spent on miners and other hardware. But it was so much fun spending them back then (validating its use case) when it was a lot easier to acquire. Grin

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: saddambitcoin on June 21, 2017, 08:28:18 PM

what's OCN?

Overclock.net. Huge, old PC performance enthusiast community.

They banned discussion of Bitcoin for years, until they had to concede defeat by Honey Badger.

But now they love getting paid XMR to benchmark their 1337 rigz! Cheesy

alevlaslo

hero member

Activity: 1988

Merit: 593

There are three coins with the best level of secrecy - dash, monero and zec. Zec is still young, not tested by time, and a vulnerability was found in the monero, which was removed afterwards, but the sediment remained.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

what's OCN?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

I can confirm a ton of the new hash power is coming from OCN.

xs.over

full member

Activity: 376

Merit: 103

Again, it's confirmed that these is new botnet
New 'Bondnet' Botnet Mines Cryptocurrencies

NSA Malware Used to Infect Windows PCs with Cryptocurrency Miner

visdude

legendary

Activity: 1081

Merit: 1001

Quote from: Febo on June 21, 2017, 03:25:39 PM

Quote from: visdude on June 21, 2017, 02:36:42 PM

Why are you getting defensive instead of explaining this concept? Did I specifically say that "botnets are mining it"? Somebody else brought it up; don't shoot the messenger. I'm merely trying to understand how botnets help to decentralize the network since this subject is often brought up on here? If you can't explain it, why respond to my query in the first place?

I do not mine much and know little about it. I also never heard much that botnets specially are helping decentralizing the network.

Botnets are just like an other miner securing the network. and I guess are decentralizing it the same way as any other miner. If they mine at smaller pools more then if they are mining at bigger pools.

But my question still stands. Why do you think that this last jump in hashing power is from botnets and not from people that google for Monero this week more then ever in past?

I think you have failed to comprehend the gist of my posts. You seem to keep putting words into my mouth. For the Nth time, I wasn't the one who brought it up and it's definitely not the first time it's been brought up in these forums. It's not my fault if you missed the rest of them. Since you've been defensive about this topic, perhaps you control these botnets yourself and are resorting to misdirection/distraction of my sincere inquiry to understand the concept (botnets help decentralize the network). If you don't have an objective explanation, then you don't. It's OK. Your assertion that the current spike is not caused by botnets is non sequitur. My question was very specific.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

To the extent botnets are being used to mine Monero they are not so much decentralizing as they are securing the network. It could be assumed that very powerful botnets could be used to CENTRALIZE the network. But this is likely only theoretical since as we grow it will become prohibitively expensive to aim that much power at the Monero blockchain.

Botnet's do not cause the Monero blockchain to be decentralized. The fact the Monero blockchain is truly decentralized causes botnets.

But botnets secure the blockchain by employing a large number of individual CPUs to mine which makes attacking the blockchain harder just the same as the miners of bitcoin do.

I personally see botnet involvement in a similar light to dark web markets. In fact I see them as a little more negative as they are abusive by nature. And since I am not an anarchist or someone with Asperger's syndrome I have a hard time accepting them as a net positive for Monero. I think they are not.

But we cannot be a truly decentralized, fungible, unregulated monetary system without them. They are a side effect of our success.

Wild west gonna wild west.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: visdude on June 21, 2017, 02:36:42 PM

Why are you getting defensive instead of explaining this concept? Did I specifically say that "botnets are mining it"? Somebody else brought it up; don't shoot the messenger. I'm merely trying to understand how botnets help to decentralize the network since this subject is often brought up on here? If you can't explain it, why respond to my query in the first place?

I do not mine much and know little about it. I also never heard much that botnets specially are helping decentralizing the network.

Botnets are just like an other miner securing the network. and I guess are decentralizing it the same way as any other miner. If they mine at smaller pools more then if they are mining at bigger pools.

But my question still stands. Why do you think that this last jump in hashing power is from botnets and not from people that google for Monero this week more then ever in past?

visdude

legendary

Activity: 1081

Merit: 1001

Quote from: Febo on June 21, 2017, 01:09:56 PM

Quote from: Globb0 on June 21, 2017, 05:03:24 AM

What is your suggestion ?

If everyone dumps their Moneros and price goes to $10 then many will stop mine and difficulty will go down. Easy peasy. We can do it!!!

Quote from: visdude on June 21, 2017, 12:56:46 PM

Can someone please explain how botnets help decentralize the Monero nework? Are they mining through a pool (centralized) or are they "individually" solo mining (decentralized)?

I'm just a regular Joe trying to understand this particular concept.

what makes you think that botnets are mining it?

Why are you getting defensive instead of explaining this concept? Did I specifically say that "botnets are mining it"? Somebody else brought it up; don't shoot the messenger. I'm merely trying to understand how botnets help to decentralize the network since this subject is often brought up on here? If you can't explain it, why respond to my query in the first place?

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

"Ledger Hardware Wallet - Monero integration protocol for review"

https://github.com/LedgerHQ/blue-app-monero/blob/master/doc/RCT%20Monero%20validation%20on%20Ledger%20NanoS%20-%20v0.5.pdf

https://www.reddit.com/r/Monero/comments/6invis/ledger_hardware_wallet_monero_integration/

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: Globb0 on June 21, 2017, 05:03:24 AM

What is your suggestion ?

If everyone dumps their Moneros and price goes to $10 then many will stop mine and difficulty will go down. Easy peasy. We can do it!!!

Quote from: visdude on June 21, 2017, 12:56:46 PM

Can someone please explain how botnets help decentralize the Monero nework? Are they mining through a pool (centralized) or are they "individually" solo mining (decentralized)?

I'm just a regular Joe trying to understand this particular concept.

what makes you think that botnets are mining it?

visdude

legendary

Activity: 1081

Merit: 1001

Can someone please explain how botnets help decentralize the Monero nework? Are they mining through a pool (centralized) or are they "individually" solo mining (decentralized)?

I'm just a regular Joe trying to understand this particular concept.

Jungian

legendary

Activity: 930

Merit: 1010

lolz, the butthurt

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

What is your suggestion ?

TheFuzzStone

legendary

Activity: 1512

Merit: 1442

thefuzzstone.github.io

Quote from: xs.over on June 20, 2017, 09:38:19 PM

f*ng BOTNETs

D -- Decentralization Cheesy

xs.over

full member

Activity: 376

Merit: 103

Hey, devs, are you going to do something with f*ng BOTNETs??? They increased net difficulty to the moon and drops profit even lower than scam coins like bytecoin. Embarrassed

dimaklmn

newbie

Activity: 2

Merit: 0

Hello! Help please! How to generate a Block blob data? (submitblock)

http://i12.pixs.ru/storage/1/2/3/Screenshot_6063332_26595123.jpg

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