Thread 106227644

If you have spare CPU capacity, and you love having non-cucked things like actually private internet money keep existing, consider mining Monero. Someone is trying to 51% attack it. They're at like 20% right now but allegedly at some point they briefly hit 40%. A more sustainable solution is being developed, but in the interim, it just needs hash rate.

>>106227644 (OP)
shut the fuck up kenny

>>106227644 (OP)
how much can I make?
9950x 3d

PoW destroys ozon layer and nature, money is nothing, lesser evil won't solve anything. Fuck you earth killer

>>106227644 (OP)
bump
https://www.youtube.com/watch?v=8_MOQHYRE1c
>>106227711
If you don't have solar you will lose money or break even. But it's hard to come by non kyc monero nowadays so eh

>>106227813
When we finish our spaceships, before we set off into the great beyond we will blow up Earth and reduce it to cosmic rubble orbiting the sun
Nothing personal Gaiafag

>>106227813
the upcoming ww3 will be much worse. in preparation they are regulating banks so that you don't own your money

Dunno man. Doesn't seem like it would do anything.

>>106227644 (OP)
uoh sex love me aerola_slips

>>106227711
You can't make anything. Devs designed mining to be unprofitable. And now they're shocked the network is getting attacked.

>>106227644 (OP)
I hope they succeed and the cryptotroons lose it all

>>106229709
Never do it for free
Hope they get ass fucked bloody

>>106229817
Open ai did it for free dummy

>"we designed our system to be as unprofitable as possible for miners"
>"wtf why is nobody donating their computer resources for free? dont they like anonymous money?"

How does mining actually work? How does burning compute on "mining" contribute to maintaining a currency?

>>106229817
bloody bhenchod!

If I can't profitably mine crypto why would I bother? I don't give a shit about jank ass privacy coins unless there's something in it for me.

おい
I thought they were gonna share the patch notes and Director's Suckup 1 day early

>>106229709
>changing the inflation rate is out
Then the Jews in charge of this should go to fuck off, I’m not going to mine for nothing. I already spent all my moneros
>>106229817
I agree: they are trying to scam us. In theory we should fork the blockchain, increase the inflation rate and start mining that instead

>>106227644 (OP)
monero is the definition of cucked, if you want a censorship resistant tool you work with bitcoin, if you want privacy you work on bitcoin too because there's a lot more work to do, monero have rejected logic and game theory for fantasy, you got what you deserved, so fuck off

>>106233041
Bitcoin is already 51 percented by ASIC companies. Everyone just ignores it because no one uses it for anything but gains.

>>106234074
That's not the definition of 51% at all. ASIC companies don't control the miners after selling them. They don't control the block templates produced by pools/miners.

>>106235688
China and the United States could theoretically 51% Bitcoin. China more easily since they're the manufacturing power house. I did the calculation it only costs around 20 billion dollars in ASICs to match the current hashrate of the Bitcoin network. Of course there's also costs but probably under 100 billion all in. Also that's with the consumer prices, I imagine China for instance could procure the ASICs more cheaply.

>>106235919
>China and the United States could theoretically 51% Bitcoin for under 100 billion
Right now a single autist is 51%ing Monero with pocket change. I don't think now is the time to fixate on Bitcoin

>>106236037
>single autist
I don't know if it's cope but the Monero fans are saying it's a coordinated attack and everyone jumped in to take down Monero when they smelled blood in the water. And maybe there's some credibility to that seeing as Monero has been delisted from many exchanges.

>>106236037
Also I crunched the numbers for Monero and it's something like 50 million dollars in 5950x rigs to match the current network hash rate.

>>106227644 (OP)
>aislop ruining the internet and job market.
>government requesting ID for websites
>monero is raped by a chudjak
What a shitty timeline.

>>106227644 (OP)
Based.
Millions must mine XMR.
https://gupax.io

>>106236241
and its only going to get worse

>>106229709
They really are going to let the project go to shit because people might have other incentives than their personal ideology aren't they.

>>106234074
>Bitcoin is already 51 percented by ASIC companies
Satoshi Nakamoto's one-CPU-one-vote...
Bitcoin has fallen... Sad.

>crypto
usecase?

>>106238564
Buying anime girls
https://xmrbazaar.com/search-tag/anime

>>106238686
Holy based

>>106236237
Actually it's more like $200 million and $5000/hour in electricity at $0.1/kwh
>Monero network hashrate: ~5GH (5 x 10^9)
>5950x hashrate: 20KH (20 x 10^3)
>Needed 5950x rigs: (10GH / 20KH/rig) = 250,000 rigs
>$200 million for the rigs at $800/rig
>50,000 kwh/h at 200W per rig, $5000/hour at $0.1/kwh
If you had a lot of money and could rent enough compute you wouldn't even need the rigs. This isn't counting the other infrastructure involved like cooling.

>>106236037
>Right now a single autist is 51%ing Monero with pocket change.
No, right now a single autist is claiming to have 51%'d monero which he simply wasn't even close to achieving. Historical hashrates are public record you nigger, you can just verify it for yourself as can anyone else assuming the ability to read and comprehend simple sentences which granted is a huge assumption on this board.

>>106227644 (OP)
>make it unprofitable for miners
>make it so le decentralized and l33t gatekept nobody can operate with it
>can only buy cheese pizza and drugs with it unless by some miracle some other nerd has exactly what I need in a very limited yet globe spanning marketplace that makes deliveries impossible and still paid-for with real money.
>literally nobody wants it.

Crypto lost the race. You need to have a usable product that's got some value to it. You won't sell anything when its only value (and not even -added- value) is some abstract concept of privacy and decentralization most people don't care about.

>>106239288
>Crypto lost the race.
>You need to have a usable product that's got some value to it.

>>106229709
>Remember that mining isn't supposed to be an "investment"
XMR devs are fucking retarded

>>106239288
There are real financial products and derivatives that have been created in the ETH/SOL/smart contract ecosystems, so your argument that all crypto is useless because it doesn't have a usable product is self-evidently false.

>>106229709
>Mining isn't an investment
>But we want to encourage the average at-home user to mine (randomX)
This is stupid because the average at home user is not going to mine at cost with no return on investment by design.

>>106238686
listen i can't be buying no pre-bukkake'd figs. i need them fresh to do that

>>106227644 (OP)
You could mention that one could run the xmr miner in a resource limited way.
Just using x (a part of the full capacity) instead of the full amount
of the resources.
That way a lot of people could run it without just burning chips.
It is not useful from a maximum intensity mining perspective but
it could be useful for your securing the network approach.

>>106227644 (OP)
Unngggghhh!!!

>>106242026
Unngggghhh!!!!!!!!

>>106230647
mining secures the network, so mining = the network exists. ("the blockchain grows")

>>106229709
ok hard question on the text in the picture. what do you do if the "one individual" is china (with the resources it can use) because it wants control over his population? (just an idea at this moment, I didn't look into it yet.)

>>106227644 (OP)
I need a guide for idiots that shows me how to set this up on my Mac I never use.

>>106242035
based areola enjoyer

>>106227644 (OP)
buy an ad

>>106227644 (OP)
i have 2 opteron 4284's sitting around at 20% CPU load, how much xmr do you think i'd get out of it per day with 100% CPU load on both CPUs?
it idles at ~300W btw.
also, give me a tl;dr for setting up a miner, afaik pool mining had some changes and i can't be assed to figure out how i have to change my configs now or patch xmrig to get rid of auto donations.

>>106238160
>rust
fuck off troon

>>106242200
it is relatively simple. you download the miner, search for a pool add the information into the config file and then start the miner. but don't do it for monero if you don't want to, do it for a currency you want to mine! there are lists where you could compare PoW currencies.

>>106242373
Cool, thanks. I want to, will be disappointed if we lose Monero. I've been having a read and it sounds do-able. I'll make a reminder to set it up tomorrow.

>>106242453
Wouldn't it be better to lose Monero, so that something better will replace it?

>>106238160
I don't trust this random software with root privileges, sorry

>>106243277
maybe you should read the rest of the paragraph

>>106227644 (OP)
I considered it. I have 56 core server with low utilization at home. But then I remembered it's summer and the AC is running. Maybe if it was winter I could help.

>>106227644 (OP)
>Someone is trying to 51% attack it.
So you want regular people to cover the gaps in your economic model - aka bagholders who get absolutely fucking nothing in return but a wittle chance to get a coin?

Fuck you, sigmoid scaling on all coins or they can fuck off with the rest of this faggot speculative market. Coins shouldn't be worth shit until more people use them than dollars.

>>106229709
>it's a cost
>meaning you burn electricity and that offset cost is put directly into our pockets

>>106243286
I don't want to do it that badly

Nigger, I don't care if you get jewed out of your fake internet money.

>>106243622
nigger monero is the final solution to the taxman question. without it you are a goy slave to whatever the techno-industrial system throws at you.

>>106244627
and with it, you are one well driven taxman away from being a goy slave
see for example the situation at present

>>106233041
>BTC
>Censorship resistant
Is that why freshly mined BTC is valued higher than BTC with any transaction history?

>>106233041
>if you want a censorship resistant tool you work with bitcoin
gr8 b8 m8

>>106243238
I have limited faith in humanity to improve at this point.