crazy idea, dunno really where to post it. but basically create an incentive game to optimize wallet scanning and general speedups

so, the gist is you publish a mnemonic phrase, so all participants know the wallet

then, as the gamemaster, you connect to a random remote node that has met some criteria (somehow you can tell its a well run remote node)

also, the node IP also publishes their optimizations on their http port for the remote node

that part could get weird.

optimize wallet scanning?

but yeah. the gamemaster scans for these remote node participants

and then broadcasts a transaction by connecting directly to one

so that node has to have the wallet up and be able to scan it before broadcasting it

somehow gotta find a way to make sure they are broadcasting all txs they receive

hrm, this idea might be more swiss cheese than my original thoughts had about it

i guess you could runa lot of nodes, and record that nodes behavior compared to any other random node

Where do bob and jane come into the picture though gingeropolous ?

gingeropolous: funny, your last thought here is exactly what bitpay said they do to protect against double spends. i forget the figure, but they deployed a lot of relay nodes only for the purpose of heuristics

reddit is really slow going, would you be kind enough to upvote my topic? reddit.com/r/Monero/comments/qvv8ju/roast_my_monero_project

how should we interpret that a coin has PHs but one tenth market cap of a GHs coin?(like monero)

The speeds of different mining algorithms are not comparable

Apples and oranges and all that

chomwitt: look at power expenditure, decentralization, possibility of other hardware attacking the chain ...

but the money value of the hardware that sustain a PH network would be at least 100 more than the value of the hardware that sustains a GH network

you can't ignore the watt-per-hash cost of running it ....

xmm .. if i filter only SHA256 networks my variables seems indeed to relate

i mean hash rate and market cap

right, you can hardly compare e.g. bitcoin hashes with Monero hashes

<chomwitt> "but the money value of the..." <- Nope. The same hardware running two different mining algorithms would yield two diffwrent mining speeds

you're right

<chomwitt> "xmm .. if i filter only SHA256..." <- What you are (indirectly) seeing is a profitability comparison of coins with the same mining algorithm

(Profitability depends on hardware efficiency for that algo, electricity price, coin emission, and coin price)

isnt there (in SHA256) a corelation between network hashrate and market cap?

Greater mcap comes from greater price, which brings greater mining profitability

(Though you also have the number of coins in circulation affecting mcap, so it's more of a correlation than an exact proportionality - unlike coin price, which directly affects profits)

Umbrellas cause rain

i dont say cause-relation. just relation.

in SHA256 land it would be abnormal to see a coin with one order of magnitude bigger cap to have an order of magnitude lower hashrate

that is likely true for most coins

namecoin seems abnormal thougth

and emercoin

arent you curious? in SHA256-land how your networks has hashrate bigger than bitcoin ! but x1000000 lower market value?

i refer to emercoin

there is no way that hashrate has comparable energy epxenditure as bitcoin

<chomwitt> "and emercoin" <- That's a merge-mined coin though

So their total network hashrate is not really "entirely theirs"

Merge-mining is a bit more complicated to handle

If you look at miningpoolstats.stream/emercoin you'll see that they only "really" have ~22EH/s

i see , it not a solid SHA256 pow. it has mainly PoS

its how much watt per h/s chomwitt . we could make a PoW thats 2+2, and make specialized hardware thats expensive. The hashrate would be 9000 kerblillion hashes per second, which is like 10000x a petahash. but 2+2 is easy

hi

hows it going

anyone use the fone for mining?

hiii

q1: hi

anyone mining from phone?

not I

Someone is.

I'm trying....

like tryhard

Can't imagine a phone would be profitable.

Are you expecting to make a profit, or just contribute hashrate to the network, or what?

Epsilon: It's not with any phone I know.

Well, *maybe* just for *you*, if you do it with stolen or thrown-away phones and plug them into the power outlets at coffee shops, or something like that.

just contribute

it's an 8core at 3GHz

6GB RAM

more than this machine lol

That phone is probably faster than my laptop...

but I can't install unbound libs on termux

so...hmmm :/

tryhard

q1: Good luck.

I hope that's not bad for the phone's CPU.

thx

quite welcome

<3

I like contributions to network security.

I'm not saying I mine Monero, but if I did I'd aim for at least some miner level of profitability.

s/miner level/minor level/

oops

you can do it with any old machine or raspberry pi

also github is slow as hell today

Some CPUs are just not quite as okay with being run at 100% for extended periods of time.

O_o

how is it

I'm not sure what you're asking/saying.

I mean, why not?

poor heat management, at a guess

Damn Kraken no-longer supports Monero :(

Oh, is it official now?

I heard there was some kind of freeze on some Monero activity there, but wasn't sure whether that was standard policy now.

I'd rather use a less KYC/AML-friendly way to buy Monero, anyway, if I hypothetically wanted to buy some.

e.g. buy BCH and use that to buy Monero, if that was an option

Epsilon: How do you know that?

rbrunner: reddit.com/r/monero :P

Oh, in the UK.

Wonderful Brexit working wonders again? Damn do they have it better now than the poor people they left behind in the EU :)

ok guys

if you have some old fones over there

you can adb sideload xmrig after compiling

you guys gave me quite the scare. my US kraken accounts still support monero, though

including the USD pair

gingeropolous, thanks for the insight on watt per h/s .

It should be noted that XMRig is not only used for malicious purposes, since it is used legitimately by a large community of miners whose sole objective is to obtain an economic profit.

q1: Umm . . . what?

What are the malicious purposes?

I don't know of any use of XMRig for malicious purposes.

gov is tryin to ban

xmrig AND monero

okay

apotheon: running it on someone else's hardware without their permission would be the obvious one

there are plenty of fake news

didnt u c them?

Oh. Is that even practical with XMRig?

apparently

sure, why not?

they say some criminals use it for malicious purposes

pop a box and run xmrig on it...

q1: I don't follow the news much. It seems there are two types of news in the mainstream news sources: fake and pointless.

i mean, wtf

lol

I know they claim Monero (XMR) is used for malicious purposes.

they don't say WHICH ones

hmm

ofc, money laundry

maliciously . . . helping secure a network against scams and hostile takeovers

The problem is that money laundering isn't necessarily malicious.

and gov fees

/ tracking

I need a nap.

+