19:47:01 Rucknium: current hr as per https://xmr-stats.qubic.org is 495.12 MH/s 19:47:02 https://www.miningrigrentals.com/rigs/randomx rented is 3Mh/s 19:59:28 It cycles on and offer like 20/60 seconds 20:01:59 https://matrix.monero.social/_matrix/media/v1/download/xmr.mx/pWUuUTjNqSCZFuczzvshZFbX 20:06:32 Is this what large miners are already doing? The cyclical mining? 20:08:20 Yes 20:08:39 Hashrate and transactions oscillate on monero 20:09:37 Remember when fhe 1.5gh botnet would turn on for 12hrs everyday, and then turn off once difficulty was high? Fun times 20:09:41 How does it help them ? 20:10:32 You mine blocks faster than if you allow the difficulty to increase 20:10:39 Cheaper blocks, essentially 20:10:49 You mean a cloud operator somewhere 😅 why would botnets stop free hashrate 20:11:33 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 20:12:20 Electricity can also be cheaper during parts of the day. 20:13:05 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 20:14:34 instead of mining for 24hr and getting 300 blocks, they get 200 blocks in 12hrs 20:14:55 these numbers arent exact, but close enough 20:15:12 Tldr: its "gaming" the difficulty adjustment algo 20:16:47 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 20:17:27 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 20:17:30 Example zano or its kind ? 20:17:48 I dont understand the rules of the game though to form such an opinion 20:18:36 if i was trying to rent, id to the 12hrs on, 12hrs off method 20:19:17 12hrs off mining a other chain/coin? Our electricity and compute is free and infinite remember 20:21:16 Yeah, or doing nothing (if i'm trying to avoid getting caught with my botnet) 20:30:14 Monero could adopt BCH's ASERT difficulty adjustment algorithm 💡 20:59:29 first i've heard of this ASERT diff. adjustment algo. seems this reddit thread with linked video is a good start https://www.reddit.com/r/btc/comments/fanc6o/the_bch_difficulty_adjustment_algorithm_is_broken/ 21:00:05 do we have a difficulty simulation tool? 😅 21:00:09 (Just putting it out there that this is what Qubic claims is happening; that it switches between running xmr and running ai calculations 21:03:12 or docs like this for ours? https://reference.cash/protocol/blockchain/proof-of-work/difficulty-adjustment-algorithm 21:03:28 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 21:04:15 Plowsof I am almost positive it’s documented….somewhere 21:04:25 I’m pretty sure I’ve even read it 21:05:32 do we need a new paper from the MRL on the topic? https://www.overleaf.com/articles/difficulty-adjustment-algorithms-in-cryptocurrency-protocols/ytcxbjvzrpbp 21:21:18 Ai needs gpu 21:22:04 It’s what they claim 21:22:11 Doesn’t mean it’s true ;) 21:25:05 Whoever that dev is just milking cpu power of their node operators, it’s going to end up with a scam at the end 21:25:07 Do they have 51% hashrate though? I doubt it 21:36:20 They mine xmr, of course their pool is stratum capable. Its jtgrassie pool. 21:38:50 Why arent they just use p2pool? 21:41:12 Why arent they just using p2pool? 21:52:49 Anyone want to investigate claims that Qubic arbitrarily sets its mining rewards each "epoch"? Setting it high could be unsustainable. 21:54:37 Just pulling together some half-reliable info, I get current emission would cause 64% increase in supply in a year. 21:57:56 According to the whitepaper they have a cap at 200 trillion, and they are using burning to keep it further down 21:57:57 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) 21:59:36 Not sure I'm interpreting this right: Check a block. It has "Tick Leader", which says 30 million Qubic: https://explorer.qubic.org/network/tick/27316678 22:00:02 Their Certik report says `Average Tick Time (measured): 8.98 seconds` 22:00:03 https://242068882.fs1.hubspotusercontent-na2.net/hubfs/242068882/CertiK%20Qubic%20Speed%20Test%20Results_April_2025.pdf 22:00:22 So maybe 10 seconds per tick? Therefore, 6 ticks per minute 22:00:39 That’s….a fair point. I don’t see any info on how to access it via stratum though 22:01:24 Also apparently while ticks have finality, they can also have invalid transactions? 22:01:48 Tbh the unhinged nature of this thing is what intrigues me so much 22:02:15 Then CoinMarketCap says 147 trillion in circulation. I get: 22:02:15 `(365 * 6 * 60 * 24 * 30 * 10^6) / (147 * 10^12) = 0.6435918` 22:02:17 For a year of this coin emission rate 22:17:24 There is 1 miner. Tey dont have "node operators" that are human 22:18:20 1miner = 1 Addr ? Or miners behind proxy 22:18:39 Their pool shows 1 miner. So botnet behind a proxy ofc 22:19:03 Not 1 device with 400mh 22:19:15 Yah they do have some quibic mining, and that goes proxied to that pool for xmr mining