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<elongated:matrix.org> Rucknium: current hr as per
xmr-stats.qubic.org is 495.12 MH/s
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<elongated:matrix.org>
miningrigrentals.com/rigs/randomx rented is 3Mh/s
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<ofrnxmr:xmr.mx> It cycles on and offer like 20/60 seconds
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plowsof
Is this what large miners are already doing? The cyclical mining?
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<ofrnxmr:xmr.mx> Yes
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<ofrnxmr:xmr.mx> Hashrate and transactions oscillate on monero
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<ofrnxmr:xmr.mx> Remember when fhe 1.5gh botnet would turn on for 12hrs everyday, and then turn off once difficulty was high? Fun times
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<elongated:matrix.org> How does it help them ?
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<ofrnxmr:xmr.mx> You mine blocks faster than if you allow the difficulty to increase
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<ofrnxmr:xmr.mx> Cheaper blocks, essentially
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<elongated:matrix.org> You mean a cloud operator somewhere 😅 why would botnets stop free hashrate
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<rucknium:monero.social> NiceHash has a RandomX renting market, too. It shows available hashpower, but not rented hashpower. Available is about 300 Mh/s, it looks like. I don't know if there the same rig can be offered through NiceHash and miningrigrentals at the same time
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<rucknium:monero.social> Electricity can also be cheaper during parts of the day.
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<ofrnxmr:xmr.mx> Using the 1.5gh botnet as an example: when they turn on, the rate if blocj production went upbsignificantly, so there were ~500 blocks mined in 12hrs. for the other 12hrs (when they turn off the botnet) only 220 blocks were mined
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<ofrnxmr:xmr.mx> instead of mining for 24hr and getting 300 blocks, they get 200 blocks in 12hrs
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<ofrnxmr:xmr.mx> these numbers arent exact, but close enough
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<ofrnxmr:xmr.mx> Tldr: its "gaming" the difficulty adjustment algo
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plowsof
I wonder if the cpu power is being used for another coin during the down time. Merge mining vs mining on 1 chain. Switching to the other and returning
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<ofrnxmr:xmr.mx> i believe this is why bitcoin has a much longer difficulty adjustment period. It requires you to run miners for days (weeks?) To game the system
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<elongated:matrix.org> Example zano or its kind ?
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plowsof
I dont understand the rules of the game though to form such an opinion
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<ofrnxmr:xmr.mx> if i was trying to rent, id to the 12hrs on, 12hrs off method
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plowsof
12hrs off mining a other chain/coin? Our electricity and compute is free and infinite remember
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<ofrnxmr:xmr.mx> Yeah, or doing nothing (if i'm trying to avoid getting caught with my botnet)
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<rucknium:monero.social> Monero could adopt BCH's ASERT difficulty adjustment algorithm 💡
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plowsof
first i've heard of this ASERT diff. adjustment algo. seems this reddit thread with linked video is a good start
reddit.com/r/btc/comments/fanc6o/th…ulty_adjustment_algorithm_is_broken
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plowsof
do we have a difficulty simulation tool? 😅
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<preland:monero.social> (Just putting it out there that this is what Qubic claims is happening; that it switches between running xmr and running ai calculations
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<preland:monero.social> Looking into the possibility of them using the miningrig website in particular, I don’t know if it is possible. At the very least, it likely isn’t possible for non-insiders to utilize because their pool isn’t stratum compatible
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<preland:monero.social> Plowsof I am almost positive it’s documented….somewhere
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<preland:monero.social> I’m pretty sure I’ve even read it
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<elongated:matrix.org> Ai needs gpu
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<preland:monero.social> It’s what they claim
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<preland:monero.social> Doesn’t mean it’s true ;)
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<elongated:matrix.org> Whoever that dev is just milking cpu power of their node operators, it’s going to end up with a scam at the end
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<elongated:matrix.org> Do they have 51% hashrate though? I doubt it
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<ofrnxmr:xmr.mx> They mine xmr, of course their pool is stratum capable. Its jtgrassie pool.
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<atomfried:matrix.org> Why arent they just use p2pool?
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<atomfried:matrix.org> Why arent they just using p2pool?
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<rucknium:monero.social> Anyone want to investigate claims that Qubic arbitrarily sets its mining rewards each "epoch"? Setting it high could be unsustainable.
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<rucknium:monero.social> Just pulling together some half-reliable info, I get current emission would cause 64% increase in supply in a year.
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<preland:monero.social> According to the whitepaper they have a cap at 200 trillion, and they are using burning to keep it further down
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<preland:monero.social> They also decided that halving was a good idea, so in theory their emissions will be basically nonexistent by 2030 (and there are absolutely *no* issues with this on a chain with no transaction fees)
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<rucknium:monero.social> Not sure I'm interpreting this right: Check a block. It has "Tick Leader", which says 30 million Qubic:
explorer.qubic.org/network/tick/27316678
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<rucknium:monero.social> Their Certik report says `Average Tick Time (measured): 8.98 seconds`
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<rucknium:monero.social> So maybe 10 seconds per tick? Therefore, 6 ticks per minute
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<preland:monero.social> That’s….a fair point. I don’t see any info on how to access it via stratum though
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<preland:monero.social> Also apparently while ticks have finality, they can also have invalid transactions?
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<preland:monero.social> Tbh the unhinged nature of this thing is what intrigues me so much
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<rucknium:monero.social> Then CoinMarketCap says 147 trillion in circulation. I get:
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<rucknium:monero.social> `(365 * 6 * 60 * 24 * 30 * 10^6) / (147 * 10^12) = 0.6435918`
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<rucknium:monero.social> For a year of this coin emission rate
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<ofrnxmr:xmr.mx> There is 1 miner. Tey dont have "node operators" that are human
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<elongated:matrix.org> 1miner = 1 Addr ? Or miners behind proxy
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<ofrnxmr:xmr.mx> Their pool shows 1 miner. So botnet behind a proxy ofc
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<ofrnxmr:xmr.mx> Not 1 device with 400mh
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<elongated:matrix.org> Yah they do have some quibic mining, and that goes proxied to that pool for xmr mining