<d​iego:cypherstack.com> github.com/cypherstack/silver-bullet

<d​iego:cypherstack.com> here

<d​iego:cypherstack.com> Needs a bit more time to be "review ready" as noted, but this is the thing we wrote that convinced us divisors should be gucci, with our corrections that we made

<s​gp_:monero.social> Thanks Diego!

<r​ucknium:monero.social> Thank you, Diego Salazar

<r​ucknium:monero.social> kayabanerve: ^

<p​reland:monero.social> What are the current thoughts about Qubic

<x​mrfam:matrix.org> Reminds me of kewbit

<p​reland:monero.social> Welp, we have 139 hours until the cards are laid down on the table

<d​iego:cypherstack.com> Yes, this actually seems to be a credible threat to the network. We ignore at our peril.

<d​iego:cypherstack.com> Maybe it will be nothing, but at the moment it seems to be not nothing (if you'll excuse my lack of poetry)

<r​ucknium:monero.social> I don't see evidence of Qubic having more hashpower than they have already demonstrated. Anyone aware of any evidence of that? They also could just be renting RandomX hashpower.

<s​yntheticbird:monero.social> 350 MH/s is in the hundreds of thousands of dollars to rent

<r​ucknium:monero.social> Isn't Qubic oriented toward AI? AFAIK, most AI tasks are optimized for GPUs, so their machines should have GPUs, mostly, not CPUs. They would be mining very inefficiently with GPUs, if that is what they are doing.

<r​ucknium:monero.social> SyntheticBird: I get 24,000 USD to rent 350 MH/s for a day: miningrigrentals.com/rigs/randomx

<r​ucknium:monero.social> And their hashpower spikes and then goes to near zero throughout the day, so if they are renting hashpower, they are not even paying for the full day.

<s​yntheticbird:monero.social> I was saying monthly

<r​ucknium:monero.social> And you get the XMR from renting, so the net cost is less

<s​yntheticbird:monero.social> Someone suggested that we make sure to create a average mean and std deviation out of the blocks that are mine and verified with the public key. They suspect that the reported hashrate is completely fake and the hashrate is probably 4 time less

<r​ucknium:monero.social> And if the Qubic founder also helped found IOTA, then he probably has plenty of money to spend.

<s​yntheticbird:monero.social> s/the public key/view key

<s​yntheticbird:monero.social> aka, we should check real time what is reported by the pool and verify by ourselves

<r​ucknium:monero.social> According to their view key, I see 336 coinbases since May 16

<r​ucknium:monero.social> It looks like there are 8 outgoing txs that returned change to the wallet.

<r​ucknium:monero.social> That's about 1.7 percent of the hashpower, on average, since May 16

<r​ucknium:monero.social> `336/(30 * 24 * 27)`

<r​ucknium:monero.social> total network hashpower, I mean

<r​ucknium:monero.social> Here's the purported view key: github.com/qubic/outsourced-computi…DME.md#qubics-monero-wallet-address

<r​ucknium:monero.social> Main address: 47hhGMKbWpKfxDiqcejWGicVvQHEYd45AEaUyKVjcZywL8c8mtjN3oACGfdrsLrPGP2r49gvTBnBiTVQcEkfBNFEKCDy7ME

<r​ucknium:monero.social> View key: 577fd4a7278f55d2a9230d32823b81497b2e854d4a8702b1256a17cda42a760d

<c​haser:monero.social> what makes you see it as credible?

<d​iego:cypherstack.com> Will respond this evening. Out atm.

<r​ucknium:monero.social> I plotted data from Qubic's purported mining view key: gist.github.com/Rucknium/0873b10b6d36ff6c9d6f8f54107d16f7

<r​ucknium:monero.social> Comments welcome :)

<p​reland:monero.social> I wasn’t aware that that much of the networks hashrate was up for rent lol

<p​reland:monero.social> That changes the calculus a lot for this

<p​reland:monero.social> In fact that potentially changes everything lol

<p​reland:monero.social> Currently the lowest priced server I see on there has an asking rate of around 250% that of the Monero it would earn

<p​reland:monero.social> But mining on Qubic currently pays out a ton, making this likely profitable…

<e​longated:matrix.org> You are not mining that crap coin, your hoping that your coin would be bought by the pool operator by selling xmr

<p​reland:monero.social> You are starting to see how this changes things

<p​reland:monero.social> Once the payout from Qubic decreases, things should begin to change

<p​reland:monero.social> (In theory)

<e​longated:matrix.org> That operator can exit scam by just keeping xmr or filling his own seller orders 😅

<e​longated:matrix.org> Giant ponzi