<plaiwanone:matrix.org> GM

Hello!

thelounge.mycotrip.tech/uploads/8710a5ad204f78bc/image.png

anyone else mining?

sure

sweet, good talk.

anyone here have thoughts on qubic?

in the end it will make us stronger

How so? Finality layer? change of algo?

i mean the network is still just about as centralized as it was. and as for making us stronger....

thelounge.mycotrip.tech/uploads/c2868db4d01f08bc/image.png

are you showing me in the end

they are orphaning blocks, stealing honest miners emissions, delaying transactions. if we just stay put and odn't do anything, i don't see how we will come out stronger.

what? showing you the end?

you are showing me what is happening now

I am saying that people are working to be stronger against this

I am not saying what the solution will be

yes, in the last 720 blocks that is how many have been orphaned. source: moneroconsensus.info

i don't think blind faith is going to help.

you are showing me what is happening now

people are working, not blind faith

you still haven't told me how they are working.

mining for 8 minutes, nice

i had to reboot. i don't wanna share my share my mining wallet but i can assure i've been mining for quite sometime.

ty

have you been following the channels and reading the discussions?

not the noise but the signal

i just got back into IRC, been following along on reddit trying to avoid anything from the bigger crypto sites.

I don't follow reddit

#monero-research-lab is a place to read but not talk

i'll check that channel out. i'm honestly pretty stupid when it comes to the finer details and subtleties of XMR and crypto in general.

talking there is for the serious / knowledgeable people

#monero-reseach-lounge has recently been active with both signal and noise

is qubic still happening?

meetings are held in -lab every Wed 1700 UTC

oh ok

agent314: they haven't gone away.

this is a quiet time for activity here

what is the real danger of cubic? like have there been cases of a coin like this just losing all its value?

i'm assuming if someone holds >50% control they can just give themselves money essentially

and that means xmr becomes worthless

not quite, they will get all the emissions, would be able to censor transactions, etc

nioc: sorry, what's going on? quiet time?

here on irc / matrix

this time of day

Cat is enjoying the heat from the mining rigs

how many kh/s are you pulling if i can ask?

is there a link abouto quiet time so i can see what it means and when it's happening?

i'm thoroughly confused

I mean many people are sleeping rn :)

you can still talk here lOL

I usually sleeping at this time

what q is doing is selfish mining 3x/week not constantly

that is where the orphans come from and this time 1/2 the time they were the ones being orphaned

they try new strategies

all that hashpower is expensive to rent tho.

i wonder how much of it they actually control vs rent.

they get people to mine for them by paying extra and they boost the HR which also costs

they have $ from prior scams

and probably some investors for this one

whats the end goal tho? if they drive the price into the ground, collecting the emissions isn't going to be profitable unless it is legit a slash and burn squeeze everything we can from it while it dies kind of situation

some say publicity for their coin, it's at least a part of it

Cat is willing to give up her rigs for me :D

time for bed

this is not the first time that there has been an attack on monero but this is a more serious one

short term solution is being tested rn which will give time for a long term solution

i need to read more about the finality layer that has been propsed

supposed to use POS in some way shape or form.

short term includes some centralization which is why it is not a long term solution

GN

good night

i know i could get about 1.4 more kh/s out of my desktop if i stopped using it, turned offf the lights, and pretty background and shut down my containers.... but i don't want to lOL

hahah mycotrip

did you tune everything to the max?

i usually build xmrig from scratch on the system to get the most out of it

ill talk about it more i g2g

yea i get the full 8.5 kh/s out of my i7-12700 but its also my main rig. with everything running and me using it still pull 7 kh/s

mycotrip: do you have a videocard?

i found that i can squeeze a few kilohashes by getting the card to mine as well?

I do. a 5070 actually. i haven't tried mining with it tho as i have always heard it wasn't really worth it.

it's not gonna be as dramatic of an increase in efficiency as going from BTC CPU to BTC GPU but it is a computational device and it can be used to give a little bit of a boost

<17lifers:matrix.org> y'all seen dis? decrypt.co/335594/crypto-influencer…ailed-for-3-5m-cryptojacking-scheme

mycotrip: you might get like 4-5 kilohashes out of it

maybe 3-5

you'll need to build an xmrig cuda plugin

let me see if i can find it, i had a full install and build script from complete zero to xmrig and xmrig cuda somewere

i've rented a bit of a hash power lately, convinced my self i was doing my part for the cause LOL

yeah i did similar thing with lots of rented machines

its late here. i'm gunna rest. gn

kk ttyl

ill trry to find that setup script

(because i need it too lol)

sick, you can PM it to me.

thanks!

sure

<danny:sutcliffe.xyz> will monero-chan show up irl if I start mining monero?

<explodius:matrix.org> theres a chance

<explodius:matrix.org> only if you find a block solo mining

<danny:sutcliffe.xyz> ah ight thanks, will get to it

<17lifers:matrix.org> @danny:sutcliffe.xyz: i hope 😭

<17lifers:matrix.org> +1 bucket list item ._.

<alexandre:uii.pt> what is this POS everyone keeps talking about, already searched but didn't fully understand it. How is it better than POW?

<marioob:matrix.org> Hi ppl. I was thinking to give more hashing power to home miners rather than server CPU owners.

<marioob:matrix.org> Can RandomX be reimplemented to use only 1MB L3 cache per thread instead of 2MB?

<marioob:matrix.org> There are lots of CPUs with 1MB L3 cache per thread which mine with half the power the CPU is able to deliver. E.g: All the APUs from AMD.

<17lifers:matrix.org> @alexandre:uii.pt: its less violent

There is pos and pos based finality layers.

pos is basically similar to pow (/me dodges angry people) except the probability to get a block is in relation to the amount of monero you have instead of the amount of hash rate you have.

<elongated:matrix.org> x.com/c___f___b/status/1961714271433150954 can someone put a bounty , unnecessarily creating rifts

pos is being also talked about as a building block for a finality layer, but aiui it's not an inherent requirement for one.

<17lifers:matrix.org> without pow, u cant xmrig

There are variations, but this is the basic idea.

It's also possible to have a pow and pos hybrid.

pros and cons include;

pow is more accessible: anyone with a computer can start mining, though they'll get very little monero to show for it, and most likely at a loss.

pos means an attacker will lose more by attacking, assuming the value of a coin will go down due to the attack

<17lifers:matrix.org> nobody mines for dirt

<17lifers:matrix.org> lmao

pos means once you 51% the network, you keep it forever, whereas with pow, other hashes can come online (though why they would after a 51% attack in unclear)

the cost to attack the network is thought to be much higher with pos than pow

pos doesn't guzzle up energy

pos can't bootstrap

Others can add more if they can think of others

<alexandre:uii.pt> so... whoever has more xmr gets more xmr 🤔 > <incowgnito> pos is basically similar to pow (/me dodges angry people) except the probability to get a block is in relation to the amount of monero you have instead of the amount of hash rate you have.

<alexandre:uii.pt> hmm, i see, but if i understood, if you have a ton of xmr you basically control the network? > <incowgnito> pos means an attacker will lose more by attacking, assuming the value of a coin will go down due to the attack

<elongated:matrix.org> @alexandre:uii.pt: Are no coiners worried.

"whoever has more xmr gets more xmr" yes, it's funny how people fixate in this and can't think past the idea.

Everyone (who stakes) gets +N%, so there's no change really. The price goes down N%, so outsiders get the same % of the money supply for their bitcoin or fiat.

It's like constant devaluation.

It's like a constant stream of tiny devaluations.

"if you have a ton of xmr you basically control the network?" yes, it has the same 51% issue as pow.