<k​ufecure:xmr.se> Hi, I got a couple of questions about Qubic mining Monero:

<k​ufecure:xmr.se> 1. Qubic’s apparently got over 10% of Monero’s hashrate already. Isn’t that kinda risky for centralization? Like, 51% attack?

<k​ufecure:xmr.se> 2. They’re selling mined XMR right away to buy and burn QUBIC tokens. Does that dump a ton of pressure on Monero’s price and tank XMR’s value？

<k​ufecure:xmr.se> Anyone got thoughts on this?

<n​etworktopology:converser.eu> matrix.monero.social/_matrix/media/…nverser.eu/psViQtrVHYNzYGnRKCjGIepJ

<p​reland:monero.social> They’ve already been doing 2

<p​reland:monero.social> Enough normal miners already put selling pressure on XMR that the effect isn’t as profound as you’d think

<p​reland:monero.social> As for 1…TBD

<p​reland:monero.social> They have their pool currently configured such that it isn’t stratum compatible btw

<p​reland:monero.social> It sounds like they are planning on changing that

<p​reland:monero.social> Which makes zero sense from Qubic’s side unless they are intending on taking hashrate.

<r​avfx:xmr.mx> A lot of people who mine xmr are probably dumping it too, so does it change the donne some much at the end?

<p​reland:monero.social> That’s what I was saying

<r​avfx:xmr.mx> the qubic average is probably like 1%

<r​avfx:xmr.mx> so it's nothing

<p​reland:monero.social> I mean, doesn’t nanopool already do that

<r​avfx:xmr.mx> a lot of people do that for sure

<p​reland:monero.social> Also uh

<r​avfx:xmr.mx> people who just want to use there cpu for something

<r​avfx:xmr.mx> there is a big part of the miner that are probably keeping it, and a big part that is selling it (go for all cryptos)

<p​reland:monero.social> If they try to rush p2pool integration that would be bad

<p​reland:monero.social> Because the entire network would still appear as a single device (no decentralization within the Qubic botnet)

<p​reland:monero.social> Though you would get more consistent payouts so there’s that ig

<r​avfx:xmr.mx> how that thing work, it just turn on and off constantly

<r​avfx:xmr.mx> matrix.monero.social/_matrix/media/…oad/xmr.mx/yXaZFhWENTGMVVINKgdqcYLD

<3​21bob321:monero.social> Aws miner again ?

<m​eldrik:chatlog.dk> Can anyone see this message?

<s​herry:unredacted.org> ping

Yes.

<i​mprevisto:matrix.org> how many monero modes are running mainnet? (the question of how many are spy nodes is also good but I want to know the full total)

<i​mprevisto:matrix.org> Is there a dashboard or something for this somewhere

<e​verythingxmr:matrix.org> I don't think nodes can see that much

<e​verythingxmr:matrix.org> Maybe your ip

<p​w:xmr.mx> A Monero node can see your public IP address, the last block your wallet synced, and the timestamps of your transactions. However, it cannot see the amounts you spend or the addresses involved in your transactions due to Monero's privacy features.

<e​verythingxmr:matrix.org> Unless you have the threat model of Edward snowden just use a trusted Tor node and you're fine

*Your* monero node can see the last block your wallet synced, and the timestamps of your transactions. Other nodes cannot.

Your or the one you're using if you've decided to use a stranger's, but that's still just one.

Your public IP address is "the IP via which you're connecting". It can be your IP address, or not. Like Tor, VPNs, etc.

monero.fail/map says 13703 nodes, but it's not the 100% full list

<e​verythingxmr:matrix.org> Do the cake nodes work on other wallets?

<e​verythingxmr:matrix.org> I had some issues using them with the GUI wallet

<x​3cc:nope.chat> Tari.com host some monero nodes, they work for me, if you connect through tor the fastest node I experienced is hashvault (.onion)

<x​3cc:nope.chat> Idk about cake, should work in any wallet software tho, it’s should be just a node basically

<i​mprevisto:matrix.org> thanks @sech1

<o​frnxmr:xmr.mx> Yes

<o​frnxmr:xmr.mx> Monero.fail/map

<3​21bob321:monero.social> You have to eat cake to use cake

<m​onero.arbo:matrix.org> plus, Monero yearly inflation is under 1% -- not that much sell pressure comes from mining. The network prints 432 new XMR per day meanwhile the daily trade volume is more like 250,000 XMR

<o​frnxmr:xmr.mx> 250k.. of wash trading

<m​onero.arbo:matrix.org> maybe.... 80 million in volume on a nearly 6 billion dollar coin really isn't that much. Litecoin is triple trade volume that while being near the same market cap

<o​frnxmr:xmr.mx> Ltc is traded on like 25 more exchanges

<o​frnxmr:xmr.mx> At times, 80% of monero vokume is frok exchanges that dont have deposits or withdrawals

<o​frnxmr:xmr.mx> Kraken might do 1m, while bit2me (no xmr) reports 40m

<o​frnxmr:xmr.mx> Or mexc reports 20m / 25% of global volume while withdrawals are closed for a month

<m​onero.arbo:matrix.org> Kraken does more like 2.5 mil

<m​onero.arbo:matrix.org> having volume with closed withdrawals doesn't even make it fake, in fact if withdrawals are closed you can bet a lot of people will trade out of XMR to leave the exchange, while others will take advantage of the depressed price, hoping withdrawals will be enabled again

<m​onero.arbo:matrix.org> I'm not saying it's all fake, but you just casually claimed it's basically all fake which is, you know, impossible to prove

<m​onero.arbo:matrix.org> if anything it tracks that global no-KYC exchanges would do more than an entity like Kraken

<m​onero.arbo:matrix.org> plus XMR has lots of unreported trade volume, far more than most coins

<o​frnxmr:xmr.mx> Bro

<m​onero.arbo:matrix.org> what

<o​frnxmr:xmr.mx> Bit2me literallt closed deposits and withdrawals

<m​onero.arbo:matrix.org> cool

<o​frnxmr:xmr.mx> and was like #2 in volume

<o​frnxmr:xmr.mx> Its not real volume if the exchange doesnt have the product

<o​frnxmr:xmr.mx> Its _literally_ paper trading

<m​onero.arbo:matrix.org> that's a definition of wash trading you just made up

<o​frnxmr:xmr.mx> You cant paper trade and claim its real

<m​onero.arbo:matrix.org> ^^

<m​onero.arbo:matrix.org> wash trading has a specific definition as does the idea of an exchange faking volume, again not saying these things don't happen, but you'

<m​onero.arbo:matrix.org> re just out here making outlandish claims

<o​frnxmr:xmr.mx> Yknow ppl run tools to monitor the volume on exchanges

<o​frnxmr:xmr.mx> And yes, bots run like 90% of the fake volume

<m​onero.arbo:matrix.org> ohhh arbitrage bots are fake now too okay

<m​onero.arbo:matrix.org> rrolleyes

<o​frnxmr:xmr.mx> No

<o​frnxmr:xmr.mx> I'm talking about wash trading

<o​frnxmr:xmr.mx> Not arbing

<m​onero.arbo:matrix.org> alright bro I don't have time for your dipshittery this morning

<m​onero.arbo:matrix.org> XMR volume is 12 bucks, or whatever you think it is

<o​frnxmr:xmr.mx> exactly

<i​mprevisto:matrix.org> good feels (happens often to me on matrix) when I see someone arguing with someone being stupid, but it looks like they are talking to themselves, because I've already ignored the dumkopf

<3​21bob321:monero.social> Must be a shit convo

<e​verythingxmr:matrix.org> Anyone here experienced in android modding?

<o​frnxmr:xmr.mx> Yknow whats a better feeling? Making it onto another snowflakes ignore list 💪

<o​frnxmr:xmr.mx> Try Monero Community Dev

<e​verythingxmr:matrix.org> Thanks

<x​ypherpunk:matrix.org> I had one of my weirdest interaction ever. I have a friend that is a bit of a g%$£er, and he has a pretty beefy pc so i proposed to him (after explaining what mining means :P) to help me mine and ill give him a part of the money and he wasn't convinced but he was thinking about it. About 3 hours ago he call's me just to talk as friends do, and as a joke i sad that i'm a crypto g<clipped message>

<x​ypherpunk:matrix.org> uru and i earn in just 1 weak 50 cents by mining. And he sad "but Xypher i don't understand how do you hearn money fa&$£g?" i though that was a joke, and after clarify that he wasn't joking he explained that by mining e meant £$%ping and that a found a way to make money fa£$ing. He wasn't convince to mine because i don't know why he thoug i meant go%£&ng with mining and like t<clipped message>

<x​ypherpunk:matrix.org> hat gupax was some kind of 0nly £an$ kind of program. I know it dosen't sound's real but that's what happend i swear and sorry for the language but this story must be told.

<p​lowsof:matrix.org> i read all of that^ AMA

<e​verythingxmr:matrix.org> Whats the private key for satoshi nakamoto's wallets?

<i​mprevisto:matrix.org> Must that story have been told?

<i​ntr:envs.net> lmao

<i​ntr:envs.net> teringlijer

<1​7lifers:matrix.org> hoe durf je >:(

<1​7lifers:matrix.org> xd

<i​ntr:envs.net> got em

<1​7lifers:matrix.org> \>\.\<

<p​reland:monero.social> Thanks for sharing

<p​reland:monero.social> In other news, I ate rice today

<x​ypherpunk:matrix.org> i can't keep this trauma just to my self

<d​iego:cypherstack.com> Had a literal lol after I read this

<o​frnxmr:xmr.mx> I had a seizure