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

[kepas]

https://miningpoolstats.stream/monero
Network Hashrate  667.57 MH/s
Known Hashrate  328.09 MH/s

And Unknown Hashrate  339 MH/s (bitmain asics??)

Its more then 50% of Network Hashrate 

[dEBRUYNE]

Polynomial algo, we were discussing that when we were talking about QC resistance.

if no, can we just fork 4 times a year, not 2?

Not sustainable. The current protocol upgrade schedule is already barely sustainable.

[bitebits]

back to that chainalysis report, here's the upload
https://uploads-ssl.webflow.com/5a9360f88433cb00018022c2/5c4f67ee7deb5948e2941fda_Chainalysis%20January%202019%20Crypto%20Crime%20Report.pdf

https://twitter.com/nopara73/status/1090045503126102017
Just came in: 77% of the money from DNMs, goes directly to exchanges, no mixing used.

[GPUminerxmr]

BRAKING NEWS
https://miningpoolstats.stream/monero

Total 662 MH/s Known Pools 320 MH/s, Unknown = 342 vs 320 Known.

> 51% UNKNOWN HASHRATE FOR THE FIRST TIME EVER

MONERO CORE DEVS WHERE ARE YOU?! YOU DID NOT SAY A WORD ON THIS.

(previous year ASIC hashrate was distributed among known pools mostly so we did not observe 51% unknown hashrate. and price was ~$300-400 instead of $43 now)

I think it's the new bitstream Cryptonight V8 (monero) $ 9.04 @ 57.300H / s     Bittware CVP-13

[kepas]

Network Hashrate 685.30 MH/s
53.2% unknown

https://miningpoolstats.stream/monero

[florida.haunted]

https://miningpoolstats.stream/monero
Network Hashrate  667.57 MH/s
Known Hashrate  328.09 MH/s

And Unknown Hashrate  339 MH/s (bitmain asics??)

Its more then 50% of Network Hashrate  

Yes. They start to public Unknown Hashrate officially. There is no need to compute it by hand. Now "51.2% unknown".

Monero core devs, WAKE UP.

Weighted all pro and con I return to an idea of registering all pool signatures on the Monero blockchain. Ones pool mined a block, it should sign it by its signature. Other full nodes should verify in real time that a pool given Does meet some formal requirements to be publically available via http/https and performing regular payments. Each full node thus can calculate whether every single pool violates 51% or not. Unknown pools and pools with invalid signatures should be rejected from block confirmation process...

Now let's think more generalized. May be pool verification described above is not necessary. But can we imagine that we store some info on the blockchain that can vary the mining algo by unpredictable way? So only when yet another few blocks are added to totally confirmed (full process resides in a time window ~ 1 day), the new current mining algo is known?

Now let's focus out from info on blockchain at all. Can we imagine a formal way that mining algo must use some info from the real world? For example any true random generator or generators reside somewhere on the Internet?

UPDATED. This FPGA is our enemy:

http://squirrelsresearch.com/cvp-13/

It's NOT an ASIC. So onces mining algo changes, new FPGA circuit will be built in few days or weeks depending on mining algo complexity to be understood by human mind...

Human mind... May be to add some Deep Learning AI elements into mining algo?!

UPDATED 2.

AI networks are well known to be able to generate results with rich complicated internal structure. But AI generally can't explain or prove how it has obtained this result. May be AI should generate our miming algo? For example each day or each week or each month?

AI should be embedded into blockchain and/or full nodes thus...

[jwinterm]

^This is a terrible idea that completely centralizes the network. You can't avoid FPGAs or ASICs forever, they're just another form of computer, albeit a bit less generalized. You can't keep hard forking every six months forever, it introduces centralization and uncertainty in the network/protocol. At some point, hopefully soon, Monero will stop running from this issue and just switch to a proof of work that isn't a pita to verify on low end general purpose consumer hardware and live with FPGAs and/or ASICs.

[Kryptowerk]

Hey guys and gals, I created a limited Monero artwork poster with special gold colouring "Needs No Slogan - Privacy. Security. Fungibility."



Available here: https://bitcointalk.org/index.php?topic=5102596.0

[Corey031]

The regulations will arrive soon, can this affect #anonymous #currencies like Monero? Come and help #forecast the #XMR price #prediction for February 28:

http://bit.ly/2HGyRkM

[florida.haunted]

^This is a terrible idea that completely centralizes the network. You can't avoid FPGAs or ASICs forever, they're just another form of computer, albeit a bit less generalized. You can't keep hard forking every six months forever, it introduces centralization and uncertainty in the network/protocol. At some point, hopefully soon, Monero will stop running from this issue and just switch to a proof of work that isn't a pita to verify on low end general purpose consumer hardware and live with FPGAs and/or ASICs.

Official position of Monero Community is to keep entrance threshold level for new miners LOW, furthermore Monero Community does declare, apparently and specially, to resist ASICs, FPGA and any type of NON-COMMON hardware, i.e. hardware that is not available in the local stores of most countries.

Recently, Ethereum Community join to Monero Community's fundamental principals to be ASICs, FPGA and NON-COMMON hardware resistant.

The situation with ASICs in Bitcoin world is much more centralized, because ASICs are very specific hardware. Currently only one company produces most of Bitcoin ASICs. And of course there is no company that manufactures ASICs or FPGA (specially designed for crypto-mining like http://squirrelsresearch.com/cvp-13/) that will start to sell its NON-COMMON hardware while it is profitable for mining. Any company ALWAYS mines silently by its chips to its own profit and sell them when only they become UNPROFITABLE for mining.

(PoS had been recognized by Monero Community as a strong unacceptable centralization too)

If you disagree with official Monero Community, feel free to use a lot of Monero forks that are unresistant to ASICs & FPGA.

P.S. What about the idea of formal pool registration on the Monero blockchain & sign each mined block by pool's signature. It does not violate the anonymity of a pool ownner. It PREVENTs centralization by rejecting a block candidate mined by a pool close to 51% in hashrate of total network. Any volunteer CAN register new pool by automatic payment a fee to the blockchain and meet formal verification like pool is publically available and has good enough formal rating voted on the blockchain too.

P.P.S. the idea of formal pool registration has unique new attribute that is unavailable for any other crypto: Formal Trusted Mining Infrastructure, 51%-Resistant, Entirely Resides On Blockchain.

[jwinterm]

^This is a terrible idea that completely centralizes the network. You can't avoid FPGAs or ASICs forever, they're just another form of computer, albeit a bit less generalized. You can't keep hard forking every six months forever, it introduces centralization and uncertainty in the network/protocol. At some point, hopefully soon, Monero will stop running from this issue and just switch to a proof of work that isn't a pita to verify on low end general purpose consumer hardware and live with FPGAs and/or ASICs.

Official position of Monero Community is to keep entrance threshold level for new miners LOW, furthermore Monero Community does declare, apparently and specially, to resist ASICs, FPGA and any type of NON-COMMON hardware, i.e. hardware that is not available in the local stores of most countries.

Recently, Ethereum Community join to Monero Community's fundamental principals to be ASICs, FPGA and NON-COMMON hardware resistant.

The situation with ASICs in Bitcoin world is much more centralized, because ASICs are very specific hardware. Currently only one company produces most of Bitcoin ASICs. And of course there is no company that manufactures ASICs or FPGA (specially designed for crypto-mining like http://squirrelsresearch.com/cvp-13/) that will start to sell its NON-COMMON hardware while it is profitable for mining. Any company ALWAYS mines silently by its chips to its own profit and sell them when only they become UNPROFITABLE for mining.

(PoS had been recognized by Monero Community as a strong unacceptable centralization too)

If you disagree with official Monero Community, feel free to use a lot of Monero forks that are unresistant to ASICs & FPGA.

P.S. What about the idea of formal pool registration on the Monero blockchain & sign each mined block by pool's signature. It does not violate the anonymity of a pool ownner. It PREVENTs centralization by rejecting a block candidate mined by a pool close to 51% in hashrate of total network. Any volunteer CAN register new pool by automatic payment a fee to the blockchain and meet formal verification like pool is publically available and has good enough formal rating voted on the blockchain too.

P.P.S. the idea of formal pool registration has unique new attribute that is unavailable for any other crypto: Formal Trusted Mining Infrastructure, 51%-Resistant, Entirely Resides On Blockchain.

What part of "formal" and "official" do you not see as completely centralized? Cause it seems totally centralized to me.

I do disagree with "official Monero Community". Am I going to be officially excommunicated and blacklisted from using the network into perpetuity now?

Also, as to your idea - why couldn't a pool with 51+% of total hash just register multiple addresses and divide it's hashrate among them? Then it could do whatever it was going to do as an apparent single entity but split its hash among its own multiple pools/addresses. Maybe if there was also some component of neural networks with blockchain AI they could recognize this and ban all the offending pools and miners from the network forever.

[7jaka7]

New Monero Forum Funding System is expected to go live in a few days, check tweet for more
https://twitter.com/JEhrenhofer/status/1089600244021686277?fbclid=IwAR1aPws2IHOVG70VQjJZegh-NpOAXYLYsOsRSlTDvKTVuV0EDD5lsewwqqc

[Hueristic]

Also, as to your idea - why couldn't a pool with 51+% of total hash just register multiple addresses and divide it's hashrate among them? Then it could do whatever it was going to do as an apparent single entity but split its hash among its own multiple pools/addresses. Maybe if there was also some component of neural networks with blockchain AI they could recognize this and ban all the offending pools and miners from the network forever.

We do continually hear these half baked type ideas thrown about and not just from the uniformed. It should be recognized that this is also a social attack vector that needs to be safe guarded, continual change opens the chance of slipping in seeemingly innocuous poisoned code.

[Globb0]

ASICS are diversifying in the daddy coin, with the maturity.

No longer a 1 player monopoly of mining.

If you keep it working on home architecture instead, you don't really change much.

It will still be the one who can spend the most on computer equipment that will win most.

[Hueristic]

ASICS are diversifying in the daddy coin, with the maturity.

No longer a 1 player monopoly of mining.

If you keep it working on home architecture instead, you don't really change much.

It will still be the one who can spend the most on computer equipment that will win most.

It's all about the security of the chain.

[dEBRUYNE]

Monero added to Exodus Eden version 19.2.2

https://www.reddit.com/r/Monero/comments/amcemx/youve_been_asking_we_finally_delivered_xmr_is/

[forevernoob]

Will there be a Super Bowl betting pool like last year?

I'm down. Anyone else up for it? 1 XMR buy in?

You know I am

Whoever wants to set up something can, if I get a break from work I’ll create a thread for it.  Just to clarify... we are talking about squares, right?

Did you create a thread? We still have some time before the game..

[owlcatz]

Did you create a thread? We still have some time before the game..

https://bitcointalk.org/index.php?topic=5103532.msg49476986#msg49476986

[Andromedus44]

with monero being anonymous, do they get in trouble from governments? How have they not shut it down? i'm all for it but i'm just curious how they have circumvented that?

[Globb0]

What shall "they" (who?) do?

Shut down the earths electricity?