[XMR] Monero - A secure, private, untraceable cryptocurrency

[florida.haunted]

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalk.org/index.php?topic=583449.msg49172936#msg49172936

- 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://bitcointalk.org/index.php?topic=583449.msg49173404#msg49173404

- 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.

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[florida.haunted]

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%!

[mattcode]

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalk.org/index.php?topic=583449.msg49172936#msg49172936

- 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?

[Globb0]

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalk.org/index.php?topic=583449.msg49172936#msg49172936

- 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]

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalk.org/index.php?topic=583449.msg49172936#msg49172936

- 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.

[florida.haunted]

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]

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

[Chicken_76]

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.

[elrippos friend]

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 

[statdude]

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  right??!

[Hueristic]

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalk.org/index.php?topic=583449.msg49172936#msg49172936

- 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.

"Not really. The unknown hashrate is just... unknown. It's not all controlled by one entity."
https://bitcointalk.org/index.php?topic=583449.msg49172936#msg49172936

- 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.

[mattcode]

It's not even remotely silly

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

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

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

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.

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 

[Hueristic]

It's not even remotely silly

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

I didn't see it as a spastic the sky is falling post, he was just looking for reasons.

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

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

Can you prove that?

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.

Sorry, DYOR

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 

We never change the chain, it is immutable.

[Foxy4321]

today hash rate rose above 1000mh/s. it looks like an attack. I failed to take a picture 

[mattcode]

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

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

Can you prove that?

What else is it going to be? My point was that the coin is meant to be mined.

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.

Sorry, DYOR

Maybe my Google-fu is just weak, but I couldn't find anything. That's why I asked for a source.

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 

We never change the chain, it is immutable.

You should have been more specific, that you meant the chain instead of the network/consensus rules.

[7jaka7]

today hash rate rose above 1000mh/s. it looks like an attack. I failed to take a picture  

Why can't I see this on any graph?
https://bitinfocharts.com/comparison/monero-hashrate.html#3m
https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chart

[Globb0]

Thanks for the links

[onecryptoguy]

2 great monero pools: https://bitcointalk.org/index.php?topic=5091156.msg48964243#msg48964243

PPS with 0.9% fee on miner.rocks! GREAT!

[florida.haunted]

Thanks for the links

Holly Shit! Today, according to
https://miningpoolstats.stream/monero

XMR Network Hashrate = 528 MH/s
Sum Hashrate Belongs To Known Pools = 330 MH/s
UNKNOWN POOLS Hashrate = 528-330 = 198 MH/s ~= 200 MH/s

UNKNOWN POOLS Hashrate / Sum Hashrate Belongs To Known Pools = 0.6 i.e. 60%.

XMR Price = $42

XMR Network Hashrate / XMR Price = 528 / 42 = 12.5.

Exactly year ago, January 2018, XMR Network Hashrate ~= 500 MH/s, XMR price ~= $400,
XMR Network Hashrate / XMR Price ~= 1.25

https://bitinfocharts.com/comparison/monero-hashrate.html#1y
https://bitinfocharts.com/comparison/monero-price.html#1y


You see, 1 year passed, XMR Network Hashrate ~= 500 MH/s as it was, but price dropped catastrophically from $400 to $40,
-------------------

Dear Community Members, do you still believe this is NOT either 51% Attack or Hidden ASICs?!

[jwinterm]

Thanks for the links

Holly Shit! Today, according to
https://miningpoolstats.stream/monero

XMR Network Hashrate = 528 MH/s
Sum Hashrate Belongs To Known Pools = 330 MH/s
UNKNOWN POOLS Hashrate = 528-330 = 198 MH/s ~= 200 MH/s

UNKNOWN POOLS Hashrate / Sum Hashrate Belongs To Known Pools = 0.6 i.e. 60%.

XMR Price = $42

XMR Network Hashrate / XMR Price = 528 / 42 = 12.5.

Exactly year ago, January 2018, XMR Network Hashrate ~= 500 MH/s, XMR price ~= $400,
XMR Network Hashrate / XMR Price ~= 1.25

https://bitinfocharts.com/comparison/monero-hashrate.html#1y
https://bitinfocharts.com/comparison/monero-price.html#1y


You see, 1 year passed, XMR Network Hashrate ~= 500 MH/s as it was, but price dropped catastrophically from $400 to $40,
-------------------

Dear Community Members, do you still believe this is NOT either 51% Attack or Hidden ASICs?!

Brother, one year ago there was absolutely ASICs mining on the network and price was 10x higher. There's little chance it's ASICs imo, more likely FPGAs or some big farm(s) leaving eth ahead of hard fork. Who's going to invest money into development and production of ASICs that will most likely be bricked in less than six months at the (hopefully) tail end of a bear market?