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

[Sipizter]

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?!

You are using too short time span at looking into this. Check this chart:
https://bitinfocharts.com/comparison/monero-difficulty.html

The hashrate now (to me at least) seems more like return to normal after low hash period than anything else.

[mattcode]

Hmm maybe there's some truth to what you're saying. The Monero Classic chain (the one with ASIC miners) dropped from 60.2B difficulty yesterday to 21B difficulty today.

Maybe somebody is switching off their CryptoNightV0 ASICs and switching on their CryptoNightV2 ASICs?

edit and it looks like the XMC hashrate will continue to drop, their block times are super slow at the moment.

[ggarbi]

What is up with monero hashrate is there new ASICs created for monero ?
hashrate increased TOO MUCH what is going on ?
its not profitable for GPU mining at all. i know no one cares but there is FPGA or ASIC on network very likely.

[Andretti83]

If someone so busy he can't spend 5 sec to look on the hashrate charts, I will help you.

Monero hashrate is lower now than it was 3 month before. Stop panic (or fud).

https://bitinfocharts.com/comparison/monero-hashrate.html#6m

[TheFuzzStone]

If someone so busy he can't spend 5 sec to look on the hashrate charts, I will help you.

Monero hashrate is lower now than it was 3 month before. Stop panic (of fud).

https://bitinfocharts.com/comparison/monero-hashrate.html#6m

Or you can use our charts: https://xmr.ru/charts/

[Hueristic]

If someone so busy he can't spend 5 sec to look on the hashrate charts, I will help you.

Monero hashrate is lower now than it was 3 month before. Stop panic (of fud).

https://bitinfocharts.com/comparison/monero-hashrate.html#6m

Going to the one year will make it even more obvious, yet it's nice to see so many n00b accounts appearing that are so concerned with the coins well being.
Might be time to buy, oh wait I never stopped.

[florida.haunted]

If someone so busy he can't spend 5 sec to look on the hashrate charts, I will help you.

Monero hashrate is lower now than it was 3 month before. Stop panic (of fud).

https://bitinfocharts.com/comparison/monero-hashrate.html#6m

Man, I don't say there is a reason for panic, there is a point to think on our steps to PREVENT future panic. Your mistake is that you consider high network hashrate only APART of other signals of danger, you just see one step near you, not far a bit.

1. There is no big deal with hashrate itself, THE PROBLEM is how is this hashrate distributed among Known Pools. The danger is that 100% of new creepy hashrate DOES NOT BELONG TO KNOWN POOLS AT ALL. Unknown hashrate ~= 200MH/s while Known hashrate (belongs to Known Pools) ~=300 MH/s, so Unknown hashrate ~= 60% of Known hashrate. Note, I even don't speak that ASIC or Botnet owners MAY use known pools : they MAY but they DON'T. THIS IS THE MAIN PROBLEM THAT SEEMS LIKE 51% TRY-ATTACK.

2. Don't compare hashrates alone. Compare them IN PAIR with XMR price. For simplicity consider exactly 1 year period. Today hashrate ~=500Mhz, price ~=$45, but A YEAR AGO hashrate ~=500Mhz AS WELL (nothing changed) but price was ~= $400.

You can see easily that mining profit drooped in ONE YEAR for TEN TIMES, not 2, not 5, but 10 times. Our Honest Miners that pay for electricity are becoming bankrupts right now!

All we remember Bitcoin past at 2010-2011. When did Bitcoin mining begin to be completely UNprofitable to mine with GPU?! WHEN FPGA and ASICS came to the scene!!!

But official politics of our community is to be FPGA- and ASIC-resistant, or generally speaking TO BE RESISTANT AGAINST ANY SPECIFIC MINING HARDWARE.

When honest miners with GPUs that pay for electricity can't mine and become bankrupts - THIS IS DIRECT VIOLATION OF THE COMMUNITY POLITICS.

Hmm maybe there's some truth to what you're saying. The Monero Classic chain (the one with ASIC miners) dropped from 60.2B difficulty yesterday to 21B difficulty today.

Maybe somebody is switching off their CryptoNightV0 ASICs and switching on their CryptoNightV2 ASICs?

edit and it looks like the XMC hashrate will continue to drop, their block times are super slow at the moment.

May be you are right... Can you place here links to XMC hashrate/difficulty chart?

[mattcode]

Hmm maybe there's some truth to what you're saying. The Monero Classic chain (the one with ASIC miners) dropped from 60.2B difficulty yesterday to 21B difficulty today.

Maybe somebody is switching off their CryptoNightV0 ASICs and switching on their CryptoNightV2 ASICs?

edit and it looks like the XMC hashrate will continue to drop, their block times are super slow at the moment.

May be you are right... Can you place here links to XMC hashrate/difficulty chart?

The only one I can find is coincalculators.io (scroll to the bottom). It only shows the last 24 hours though.



So it's dropped from ~502 MH/s to ~156 MH/s in just over a day.

[Sipizter]

If someone so busy he can't spend 5 sec to look on the hashrate charts, I will help you.

Monero hashrate is lower now than it was 3 month before. Stop panic (of fud).

https://bitinfocharts.com/comparison/monero-hashrate.html#6m

Man, I don't say there is a reason for panic, there is a point to think on our steps to PREVENT future panic. Your mistake is that you consider high network hashrate only APART of other signals of danger, you just see one step near you, not far a bit.

1. There is no big deal with hashrate itself, THE PROBLEM is how is this hashrate distributed among Known Pools. The danger is that 100% of new creepy hashrate DOES NOT BELONG TO KNOWN POOLS AT ALL. Unknown hashrate ~= 200MH/s while Known hashrate (belongs to Known Pools) ~=300 MH/s, so Unknown hashrate ~= 60% of Known hashrate. Note, I even don't speak that ASIC or Botnet owners MAY use known pools : they MAY but they DON'T. THIS IS THE MAIN PROBLEM THAT SEEMS LIKE 51% TRY-ATTACK.

2. Don't compare hashrates alone. Compare them IN PAIR with XMR price. For simplicity consider exactly 1 year period. Today hashrate ~=500Mhz, price ~=$45, but A YEAR AGO hashrate ~=500Mhz AS WELL (nothing changed) but price was ~= $400.

You can see easily that mining profit drooped in ONE YEAR for TEN TIMES, not 2, not 5, but 10 times. Our Honest Miners that pay for electricity are becoming bankrupts right now!

All we remember Bitcoin past at 2010-2011. When did Bitcoin mining begin to be completely UNprofitable to mine with GPU?! WHEN FPGA and ASICS came to the scene!!!

But official politics of our community is to be FPGA- and ASIC-resistant, or generally speaking TO BE RESISTANT AGAINST ANY SPECIFIC MINING HARDWARE.

When honest miners with GPUs that pay for electricity can't mine and become bankrupts - THIS IS DIRECT VIOLATION OF THE COMMUNITY POLITICS.

Hmm maybe there's some truth to what you're saying. The Monero Classic chain (the one with ASIC miners) dropped from 60.2B difficulty yesterday to 21B difficulty today.

Maybe somebody is switching off their CryptoNightV0 ASICs and switching on their CryptoNightV2 ASICs?

edit and it looks like the XMC hashrate will continue to drop, their block times are super slow at the moment.

May be you are right... Can you place here links to XMC hashrate/difficulty chart?

Your numbers are off. Year ago we were few weeks away from 1000 Mhash (or 1Ghash) because of ASICS. Sure the price was multiple times higher in USD terms because of BTC sitting at almost 20 000$, but in BTC terms we were "only" about 2x - 2,5x higher. Hashrate now is the same as it was last November and the price in BTC terms was similar. I still think ASICS manufacturers would be foolish and essentially throwing money away if they were building new ASICS for Monero because they know Monero will just change the POW again. All that development cost for nothing (or almost nothing).

[L_B]

Hi,
I'm not sure if I'm at the right place for this, my apologies if it's not.

I have the following situation:

1. I exchanged BTC for XMR and after 24 hours it still did not show up in my XMR wallet.
2. I created a new wallet, bought xmr and send it to a different new wallet. I received the XMR within 20 minutes.
3. I send XMR from that second new wallet to my first new wallet. Now a day later, nothing shows up.

I have used both client as gui to get spend proof info. Also in the client it shows how many XMR were transferred by txid txkey and wallet.


This never happened to me before. I know XMR can take a long time. From minutes to hours. But at least you get to see (unconfirmed eta ~20 minutes). Now it's all 0.00000

Does anyone know if there is a current situation why it's going wrong? Why did my exchange->new wallet work as it should, but with using GUI wallet 2 to wallet 1 does not work?

What will happen to my coins?

What should/can I do. I'm not talking about small amounts

[minimalist55]

1. I exchanged BTC for XMR and after 24 hours it still did not show up in my XMR wallet.

Where did you do this exchange operation?
You have to ask this question to your agent-middleman-broker (whatsoever…) company.

[Sipizter]

Hi,
I'm not sure if I'm at the right place for this, my apologies if it's not.

I have the following situation:

1. I exchanged BTC for XMR and after 24 hours it still did not show up in my XMR wallet.
2. I created a new wallet, bought xmr and send it to a different new wallet. I received the XMR within 20 minutes.
3. I send XMR from that second new wallet to my first new wallet. Now a day later, nothing shows up.

I have used both client as gui to get spend proof info. Also in the client it shows how many XMR were transferred by txid txkey and wallet.


This never happened to me before. I know XMR can take a long time. From minutes to hours. But at least you get to see (unconfirmed eta ~20 minutes). Now it's all 0.00000

Does anyone know if there is a current situation why it's going wrong? Why did my exchange->new wallet work as it should, but with using GUI wallet 2 to wallet 1 does not work?

What will happen to my coins?

What should/can I do. I'm not talking about small amounts

Might be that your wallet 1 is not synced. I assume it is the same daemon for both wallets. Maybe do a rescan balance for wallet 1?

[Apprentice]

wow, the hashrate is going up! Nee equipment?
no wonder why my rigs are doing less recently.

[dEBRUYNE]

Hi,
I'm not sure if I'm at the right place for this, my apologies if it's not.

I have the following situation:

1. I exchanged BTC for XMR and after 24 hours it still did not show up in my XMR wallet.
2. I created a new wallet, bought xmr and send it to a different new wallet. I received the XMR within 20 minutes.
3. I send XMR from that second new wallet to my first new wallet. Now a day later, nothing shows up.

I have used both client as gui to get spend proof info. Also in the client it shows how many XMR were transferred by txid txkey and wallet.


This never happened to me before. I know XMR can take a long time. From minutes to hours. But at least you get to see (unconfirmed eta ~20 minutes). Now it's all 0.00000

Does anyone know if there is a current situation why it's going wrong? Why did my exchange->new wallet work as it should, but with using GUI wallet 2 to wallet 1 does not work?

What will happen to my coins?

What should/can I do. I'm not talking about small amounts

For anyone interested, the issue got resolved here:

https://monero.stackexchange.com/questions/10769/xmr-send-but-receiving-wallet-has-nothing-after-days

[Hueristic]

Hey, is there a good thread on a comparison of Monero and Grin around?

[ggarbi]

What is going on with XMR difficulty ? 
is there any new asic for CNv8 ?

[Karlitosss]

What is going on with XMR difficulty ? 
is there any new asic for CNv8 ?

FPGAs maybe?

[florida.haunted]

wow, the hashrate is going up! Nee equipment?
no wonder why my rigs are doing less recently.

I was warning about this few weeks ago. But community was too lazy. They told me like "man, relax". Today I read discussions on the known pools, for example, https://monero.hashvault.pro/, and all the miners are in deep anxiety.

Today, according to:
https://miningpoolstats.stream/monero
Known Pools Hashrate = 322 MH/s
Unknown Pools Hashrate = 555 - 322 = 233 MH/s

And this 233 MH/s of Unknown Hashrate was 10 Mh/s just TWO WEEKS ago. IT IS GROWING TOO FAST. HONEST MINERS WILL BECOME BANKRUPTS SOON.

Whether Unknown Hashrate comes from FPGA, ASICs, Botnets, or Ethereum GPU miners - does not matter so much. Main danger is that 233 of 555 MH/s are Unknown Hashrate. It is suitable only for attempt of 51% attack that was made a week ago against Ethereum Classic.

WE MUST propose mining algo more resistant to both ASICs and FPGAs. Could we embed for example some kind a dependence on UTC time into mining algo? The goal is to enforce FPGAs owners to justify their hardware manually every day. While honest GPU users will use UTC time from central system clock of their main computers?

Any better ideas welcome!

[Globb0]

or a few pools could merge

[Chicken_76]

WE MUST propose mining algo more resistant to both ASICs and FPGAs.

There was a proposal from hyc for a revolutionary new algorithm, named RandomJS, that would work best on commodity CPUs. I haven't looked at it too deeply but the little that I saw I liked. Doing ASICs or FPGAs for it would be extremely hard and the results would most probably not be efficient.
I think the downside of RandomJS is that GPUs would be at a significant disadvantage, and there are lots of miners that have invested large sums into GPU rigs.
I don't know what the current status of RandomJS is, but you can contact hyc on reddit and ask him.