$ (XMR) Monero

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Claude Sigma said:
No, mining on P2Pool does not contribute to Qubic.

And the reason why people are mining on Qubic's pool and not on P2Pool is because if you mine on Qubic's pool right now, you get both Monero rewards and Qubic rewards, since they are co-mined. So you get more dollar per watt. It's financially sound as a miner.

I'm not worried about Qubic getting 51% and "attacking" or whatever. Not only would it be very detrimental for them because it would harm their revenue to harm Monero (so they never will), but Monero has solutions to mitigate such attacks. The reason Qubic people (and especially the creator) is talking about it is to make noise, buzz, tweets, and such get more eyes and money into his useless coin (Qubic has no use case).

There are several ways to punish 51% pool attacks, but one is perfect and somewhat costly:
As you probably know, Wownero is the memecoin co-created with Monero that also acts as a live testcoin for Monero devs, and one of the difference Wownero has compared to Monero is that for a good while already they implemented a change that forces users to ONLY be able to mine solo/P2Pool-like. Meaning there are no "pool", and thus no mining centralization where a single guy at the top of the pool could fuck things up.
The reason why it hasn't been updated into Monero as well is because doing so would make a huge amount of miners stop mining, since it would be a lot less convenient than it currently is.

In short, if Qubic, or even the state wants to attack Monero by buying 1 billion dollars of Google servers and do 51% stuff, an update would very soon be pushed to decentralize mining, even if it costs the coin in terms of miners/hashrate.
Click to expand...

I draw you attention to this post.
Monero has the option to completely kill non-p2pool pool mining the instant this becomes a problem.
What is likely happening is that the Qubic guys are jerking themselves off.
 
Jotch said:
Monero has the option to completely kill non-p2pool pool mining the instant this becomes a problem.
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It would be more wise and more based to just do it now and not gamble the security of the network. Fuck non-p2pool mining pools.
 
Tempted to try catching the falling knife. Surely the Pubic charade is coming to an end soon, right?
 
The Stranger said:
Tempted to try catching the falling knife. Surely the Pubic charade is coming to an end soon, right?
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If I had more money to put in Monero I would. There was no real 51% attack, people are spooked because of the fake rumors , trageogre being down and Archetyp having closed.
It'll go back up. You can safely buy now and set a limited sell order at $290 IMHO.
 
The Stranger said:
Tempted to try catching the falling knife. Surely the Pubic charade is coming to an end soon, right?
Click to expand...
Remember: a coin on a chain is only worth as much as people believe it's worth. Worst case, we end up hard-forking to a pre-fuckery (before any hypothetical reorgs or double-spends) copy of the chain and have it set up so that pool mining is dead. No one is realistically going to put up with a chain compromised by PUBIC.

imo, if you want to move funds around, do it before things potentially get worse. Your coins are better protected from these sorts of attacks the longer you have held them in your wallet.
 
Mr. Ghoul said:
From what I've read they were able to get to 51% briefly but it wasn't sustained. Regardless, it's not a good look. At this point I kind of wish that the XMR devs followed the Wownero model and kill pool mining completely. Mining pools are a cancer and that faggot Sergey Ivancheglo is just trying to use them to push his trash coin even if it means sacrificing XMR to get what he wants.
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Has anyone bought Wownero?
If so which exchange?
Last time I checked some people complained that TradeOgre failed a couple of transactions with the coin.
 
Mr. Ghoul said:
Does anyone even accept WOW as payment now? I used to have some but swapped it to gamble shitcoins a few years ago.
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Don't think so and I don't think it is gonna happen in the near future unless there is some sort of freak accident.
And I haven't seen the founder do anything other than shit/hype other shit coins or post AI memes.
 
my wire transfer into Kraken didn't go through before the weekend and now the XMR ship is taking off without me :lossmanjack:
 
Just got this email:
delisted.webp
At Kraken, we’re committed to complying with local regulations and due to recent compliance requirements in Canada, we will be delisting Monero (XMR) for Canadian clients.

What you need to know
  • Effective immediately: XMR deposits are paused for Canadian clients.
  • September 2, 2025: We will disable trading for all XMR pairs for Canadian clients and move accounts to withdrawals-only for XMR.
  • Withdrawals: XMR withdrawals will remain available after trading is disabled.
What to do
  • If you’re a Canadian client holding XMR, please withdraw your XMR to a personal wallet or convert it to another asset before September 2, 2025.
If you have any questions or need assistance, our Support team is available 24/7/365.


Thank you for choosing Kraken

The Kraken team

Kraken delisting XMR up here was inevitable. Interesting that this is happening so close to Josh getting his account closed.
 
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I'm moving into the dorms tomorrow, I'm pretty sure electricity is free so I'm bringing my desktop to mine Monero. Should be nice running a 7900X3D completely free.
 
Untitled.webp
these assholes have had my transaction fail 3 times now after 4+ confirmations
im trying to buy shit over here!!!!!
 
Looks like we're back to the pre-Pubic value. I missed the moon mission because of that slow fucking wire transfer but I'm still in the green now. Hope you all got some cheap coins too :feels:
 
It really is infuriating how long bank transactions take to settle, isn't it? I can send tens of thousands of dollars anywhere right now with crypto in an instant. But God forbid I want to transfer the 25 bucks I make at a gig from PayPal to my bank account without having to KYC my butthole and not have to wait 3-5 business days for the privilege.
 
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