FYI I've published a general fund transparency report: reddit.com/r/Monero/comments/11fslu…fund_transparency_report_march_2023

Rucknium: if youre available, heres a good show

0.97 xmr in fees that would have been left on the table

were they on a different table?

Miners like 2miners, c3pool and others that have yet to fid the block template timing, essentially would have drovebthe bus to the stop, and say "I was told 0 passengers, and 0 is all im taking" and drive off

Yet to fix*

link didn't go to a specific block if that's what you were trying to show

Need to watch the txpool live

But this is the block that captured the fees

still wondering who that is that uses that huge fee

happens on a regulat basis for a long time now

Quite a bit of them today

I've emailed random datacenters in Clifton USA warning them about how our hashrate spikes might come from their customers being compromised

"Thank you so much for your ticket.

Would you please provide the IPV4s responsible for mining Monero so we can find out which customer(s) are responsible?" Oh well

ask hashvault admin :D

As if they'd tell us lol

> <@monerobull:matrix.org> "Thank you so much for your ticket.

> Would you please provide the IPV4s responsible for mining Monero so we can find out which customer(s) are responsible?" Oh well

Do they mean to say they dont know which servers are going haywire

Well we don't know which provider it is

Ah I see

I just googled "Datacenters Clifton USA" and so far emailed two companies

Try Fork Networking 😂

I'm also not saying they definitely are compromised, just that it is possible

ofrnxmr[m]: Are those the ones that host monero stuff?

Yeah, like 750 spy noded

Oh

(They also sponsor us)

I thought they were sponsors kek

ofrnxmr[m]: Uh what

Yeah, didn't know they host spynodes lol

they probably dont run the nodes, but a customer of theirs owns multiple IP ranges

I see

How do we know that the miner is in Clifton, USA?

from hashvault's dashboard

at least he connects from Clifton

Hashvault's dashboard can tell you that? Wow

Yes, could be just a relay

If you care enough to relay the mining, wouldn't you just solomine instead of paying fees to hashvault

Is it possible that HashVault only shows the first IP address that mines to a specific XMR address? Or would it show multiple IP addresses?

Is everyone still confident that 0.6 XMR per block is a sufficient security budget? 🫣

Realistically, nothing can be done about 0.6 XMR / block now.

At least it won't decay exponentially like BTC's

what was the botnet address?

<monerobull[m]> "If you care enough to relay..." <- The hr was solo for a few hrs before moving to hashvault

<Rucknium[m]> "Is everyone still confident that..." <- As you know xmr inflation is set to be significantly lower than gold, the next best hard asset, and I think that was a good move. The only issue it the dollar/xmr ratio...

It looks like a good move until Monero is 51% attacked. Then it would look like a very bad move.

I think one of the issues with the low global has isnt just the security budget

But its definitely doesnt attract for-profit mining farms

The problem with more xmr is seemingly already paper traded. I think one thing that will help with value/hr is if cex had to prove reserves

free moneros ?

:trollface:

They dont let you WD when the price gets pushed down / up too far

And then swaps get emptied out at the lower price, where I imagine Binance is restocking by promoting a fake price

Once you can only get xmr on serai,haveno or Basicswap-style dexes we should see the pxmr resolved

s/binance/whatevercex

The mica regulations are shaping up very bullish

The real squeeze ^.

Squeezing monero doesnt work if we all avoid kyc

You need limit orders buy orders to create walls

It does work if every cex is forced to delist

Right right

Xmr will be the first crypto to decouple from the others and the stock market

Im drifted off thinking how about silly monerun was

How silly*

The pump?

Yeah

Like withdrawing after pumping helps

They list paper trade it back down after

You need to have buy orders set, and chase the price up

And force them to run away with their sells. If they market sell it down, they fucked up and lost a lot of money thinking they were selling to themself

The original point was to just get coins into self custody, not to pump the price

The issue is a lot of that xmr went right back to binance at a lower cost

After it was exchanged for goods and services at a loss

CeX need to

Delist

Prove reserves

or have trading resistance

ofrnxmr[m]: This doesn't happen when you buy stuff at monerosupplies.com ;:DD

Without one of these, the price is not "supply and demand"

Mica should take care of that

Real glad that they only focus on vasps

No "you're going to jail for using xmr" fud

XMR - the new currency of jail

you guys make it sound as if paper coins are only effect montero

effecting***

if paper is even a reality

It is

And it is

It does* effect other coins

Doge and grin on their scam exchanges that don't let you withdraw for two years now kek

Wownero on its scam exchange that don't let you deposit for days now kek

<Rucknium[m]> "Is everyone still confident that..." <- On the one hand, it would be nice to raise that a little bit; on the other, the security budget is the product of the reward and the price - I wonder how those two would interact...

I wouldnt mind if it was "1xmr", but penalized more aggressively.

Just because 1 sounds better to the ear

we can't increase the reward so........go to it guys :)

Nah, the penalty is just fine the way it is - don't mess with the dynamic blocksize

"he security budget is the product of the reward and the price" <<<

Right now our budget is a little over half of BCH's, and 41.5% of ZEC's

What global hash is this using for xmr

?

Apply for capx budget increase ;)

This chart takes into account the power/hashrate running in the chain, no?

On*

Yeah, I pull the latest block difficulty

Is that current (right now?) Difficulty has been fluctuating pretty wildly

From that I can calculate the breakeven efficiency (at 0.10 $/kWh) and the corresponding power usage

Yeah, ran that 10 minutes ago

286g is ~ weekly lows

merope: How do you compute power?

Network hashrate / breakeven efficiency

It's just an estimate of course (because it depends on the assumption about the average electricity price paid by the miners)

I thought global average was greater than that, more like 0.19 IIRC

Well, the main reason why I pick 0.10 is that pretty much all these numbers are either directly or inversely proportional to it - so if you know that you pay 2x the electricity, then you will also need 2x the efficiency to break even, for example

this page gives the average for the EU ec.europa.eu/eurostat/statistics-ex…city_prices_for_household_consumers was 0.2525

Also, many large-scale professional mining operations tend to/try to have cheaper power sources

And they pay industrial rates, not household

(Which is why they're typically located in countries with much cheaper power)

may not be the case for Monero though given its CPU friendlyness

True, Monero's hashrate is probably much more evenly spread

But at least it gives a reasonable figure for the order of magnitude we're dealing with

Your Emission column is computed how?

It's in [$/second], i.e. the security budget that I mentioned earlier. It's the total amount of money paid to the mining network: block reward * coin price / target block time

👍

You can find a historical plot here: moneroj.net/securitybudget

How do you determine the efficiency?

Breakeven efficiency [H/s/W] or [H/J] = difficulty * electricity cost / (coin price * block reward * 1000 [W/kW] * 3600 [s/hour] )

thanks. This would do a good short talk at Monerokon

Demystifying PoW power consumption

Some day I'll finish writing my damn paper about all this stuff 😢

hurry, the CFP for MoneroKon is still open

submit a proposal, then you'll have a forced deadline to deal with :-)

As much as I'd love to present it there, I would not be able to attend anyway :(

could be presented remotely

or monerotopia which is around the corner

can anyone tell me if protonwallet.org is the most secure wallet for monero

it apparently has built in churning

:/

Sounds like fun. Does it churn to your wallet, or someone elses 😁

this guy really likes that wallet

might be worth checking the fees this wallet is using 👀

Peorple on r/darknet

Rip

Whats the point of using the darknet if youre a vegetable and use, or are even curious about shady webwallets

(Not you)

Sounds like saying “military grade encryption”

wow that sounds very powerful

which wallet has that

Monero gui

Bic encryption

Dumbasses think this is coinjoin on btc

um it's not in the splash screen

i need to see the phrase "military grade encryption" or it's not real

"Lets just flood the chain with fingerprintable tx and claim fake privacy"

someone really does need to investigate the proton wallet for science

there are probably a few poor souls using it

might be worth a post to darknet about it too

My reddit RIP

Looks like that wallet is not open source. And it looks to be Windows-only.

The wallet utilizes open source libraries where possible and open standards. In addition, we have committed to fully open sourcing the wallet. We believe strongly in open source values and philosophy.

Maybe one day ♥️

Rucknium[m]: i saw a linux version on there

"We USE open source libs" 🚩

huge

Who tf doesnt 🫠

If any of those open source libs are GPL, then they will be in trouble 🫣

Release the lawyers

> Release the lawyers

Lol

<BobbedBort> > can anyone tell me if protonwallet.org is the most secure wallet for monero

Is this even FOSS?

No

<BobbedBort> probed around their website, and other than being really non-specific about the details they don't have any sources linked

I posted a few posts above the quote from their website saying they are not open source

<BobbedBort> ah yes I see it

<BobbedBort> still it's peculiar that they claim to be this "privacy wallet" have an onion mirror, download hashes, warrant canary, and all that. But no actual sources or even technical details for their claims. For example

> the Monero wallet picks a random node from the internet to get network information on each run

but they never specify from what list do they get the nodes from at all

this website is a meme

<BobbedBort> also they seem to use ChangeNow not trocador, LM, or some more trustworthy platform

Must be an echo in here

hbs: $400/min ccs with animated videos

To explain to people how mystery money works

don't know if that's what's needed, but I definitely think there is something to be explained more clearly

People (the tin foil and fudders) don't actually know how the current keys work

Neverymind how ring sigs, ct, or anything else works

true, but the keys are a little different as it is something they have

so knowing what can be done with each may help them better handle them

And they use them? 99% dont

UX is more important than ELI5

(To the end user). You can ELI5 til youre blue in the face, then realize you wasted your breathe and its still a mystery, just now they wasted your time and believe you

If a user goes into a wallet and sees "view key" and the "view key" shows only incoming, thats bad UX

True, but there is still a smaller population which may need longer explanations

Anyone arguing otherwise needs an ELI5 on the current view keys being bad UX but still allowing tracking of spends

But why ELI5 the problem? Are the users helping to fix it? Do they care about anything more then "is it better"?

Sorry to drag on, but anytime a user wants to ask me about such a thing, my answer is "how do you use your current keys?" - because xyproblem.info

The fud starts with a false assumption, and wants explaining a rabbit hole that doesnt exist.

Either you understand how view keys work, or you dont. Brb while I check chatgpt

>I apologize for any confusion caused by my previous response. You are correct that it is possible to view outgoing transactions with the view key without the key images.

I hope we can come up with something that does not require too much effort while still providing sufficient transparency on what the various Seraphis keys do and how they are not sacrificing privacy vs what is possible today. But maybe I'm just too willing to provide explanations that nobody wants.

who is we?

im pretty sure the document exists already

we as the Monero community which is following the Seraphis progress? I have not seen such document yet, but there are so many you may be right.

> <@ofrnxmr:monero.social> The fud starts with a false assumption, and wants explaining a rabbit hole that doesnt exist.

>

> Either you understand how view keys work, or you dont. Brb while I check chatgpt

Just explain it with blocks being boxes

View Tag is looking at a box, if it has your name on it, use view key to open the box and add what's in there to your balance

as above^ - viewkeys do not 'only show outgoing transactions', what else do you need to know about moving to seraphis' levels of privacy instead of the misleading situation we're in now

viewkeys revealed everything from day one sorry

to a high certainty* but .. yeah sorry, next question

s/outgoing/incoming

That is what needs to be explained in detail, otherwise it looks like it is simply and way of avoiding the question altogether. There needs to be a clear explanation that no, Seraphis will not reveal more than what is already revealed using today's view key, proofs and key images. But again, maybe I am too willing go explain things to people who don't care.

what is the point of explaining to me the heuristics of how it works when it will go in one ear and out the other?

Plowsof explained in detail

Screenshot > tweet

Any more detail and it might take 8 more years to explain

'put your viewkey into the generic xmr scanner and watch it discover your spends, next question'

'but doesnt that mean centralised services with many view keys damage our privacy' yeah we know

😭😭 talk about circular

thats. . Why.. we.. make.. improvements..

"I DONT UNDERSTAND. EXPLAIN HARDER"

Like.. please dont vote "I dont understand, so no"

github.com/moneroexamples/generic-xmr-scanner , this is not about avoiding the question sir, please read and use from top to bottom

No. Dont DYOR, you kidding me? Just use protonwallet

"but what if i just typed 'seraphis view keys' into a search engine and read the first reddit thread?" well you tell me

Whatever you Do. Dont. Do. That.

You might accidently find your answer

Nobody like shortcuts! Ask/work harder, not smarter.

please no, I am not reading a reddit thread

who let plowsoft back in here?

Monerobull

What

I like explanations, specifically the ones I get on IRC

all comms from me until after the 9th are from beyond the grave (where i can keep half an eye on things) but here is the next meeting on the 11th monero-project/meta #804

Dont ever listen to this guy^