SporeStack retweeted
My list of the websites / services I use on daily basis..
@BtcpayServer - BTCPay Server is a self-hosted, open-source cryptocurrency payment processor. It's secure, private, censorship-resistant and free.
@MonericaProject - monerica.com/ - Perfect list of all the businesses accepting Monero as payment
@TrocadorApp - trocador.app/en/ - The best crypto aggregator
@kycnot - kycnot.me/ - Find all the best KYC-free services
@SporeStack - Get your private VPS, without KYC and pay with Monero
@RetoSwap - retoswap.com/ - Buy your Monero anonymous
Whats your favorite? Or what do you want to add to the list?
SporeStack retweeted
Monero Re-org & Qubic
It seems like there may have been a delibrate 6 block re-org on Monero $XMR from Qubic mining. The target time is 2 minutes, therefore the re-org length is quite small. However, it is not clear if there was a double spend attack or if this was just selfish mining, i.e. trying to earn more of the block rewards. It seems for now that there is no evidence this was a double spend attack.
Qubic did seem to have around 20% of the Monero hashrate for a while and they may have sold some coins for USD, to rent hashrate to temporally push the hashrate up to over 30%. Qubic has significantly less than 51% of the hashrate, but perhaps it has just above the 33% theoretical threshold, where selfish mining is profitable (Assuming the coin price does not crash). It is not clear what the Qubic objective is here, but they do have a token $QUBIC and they may want to try and push up the price of it. Other than that, the endgame is unclear, but the "attack" from Qubic may not be sustainable
We have heard no reports of a double spend attack
@krakenfx @bitfinex @MEXC_Official Any news on this? As for exchanges who take Monero deposits, it might be a good policy to increase the number of confs required for a deposit.
SporeStack retweeted
A 6 re-org does not mean a '51% attack' was successful. In that case, we'd see unbounded-depth re-orgs/no blocks mined by any other mining pool (assuming the adversary censors other mining pools, as this one does).
It does mean an adversary with a high amount of hash got lucky.
SporeStack retweeted
A miner with ~30% hash power will mine 51/100 blocks once after a few days of trying. It's how random processes work. It doesn't mean the miner has 51% of hash power, which would be demonstrated by consistently mining an average of 51/100 blocks for *every* 100-block window.
Bit of an expensive attack, huh? Got to cash out at some point. Your miner really proves nothing -- it looks like xmrig with some stuff for Qubic patched on to it. github.com/jtskxx/Jetski-Qub…
SporeStack retweeted
#monero is under a coordinated fud attack by bots. Nothing more, nothing less, cause #qubic is just a big scam spreading bullshit. No proof of anything. #feds and #govs are desperate about #PrivacyTech. Enjoy the discount folks! @monero will come back stronger than ever. #xmr
I'm not sure what $QUBIC's PR stunt with Monero proved. They just paid for a bunch of miners, running mostly the same software as xmrig, and convinced some others to join in. What about this is novel?
github.com/jtskxx/Jetski-Qub…
$QUBIC's own questionable graphs. The red line is 51%. They barely clipped over it for a few minutes in the past 24 hours. Qubic's bark is louder than their bark.
Are gains the only thing that matters? A useful, well known and trusted crypto like Monero is far more important than treating crypto like a get-rich scheme.
When? Where? Your own site that I don't fully trust, explorer.jetskipool.ai/xmr-t… says 2.70GH/s now and I don't see any obvious bursts to 3GH/s.
I'm not going to say that PoW is the best thing ever, but it works, and making heat is certainly better than training your AI replacements.
So many #Qubic shills. You guys must be desperate to hold your price at 5 cents and not let it drop further!
You guys must be losing a lot of money over this attack on Monero. You're constantly shilling for Qubic, trying to get people to buy it up so you can keep funding the attack.