Reddit Posts
Bitcoin Filters Work By Default, and That's a Good Thing | To Filter Spam From Your Bitcoin Core Node, set “permitbaremultisig=0” & “datacarrier=0” in your Bitcoin.conf File | Use "blocksonly=1" to turn off your mempool entirely
Cartesi: A rollup (and CPU) for every dApp developer | Avail Whiteboard Series
White Paper: Communication Through Bitcoin App
What altcoins are suitable for mining on low-end PCs?
GROQ | Missed out on GROK? Here is your chance to buy GROQ! 0/0 Tax | LP locked | Ath Coming !!!
What altcoins are suitable for mining on low-end PCs?
Dual EPYC 7742 CPU Mining RandomX Hashrates
Blocx - x11 - all in one computer manager - whitepaper & roadmap released - governance (dao) released - coinstore listing on 28th
The blockchain today vs. tomorrow
The Most ASIC-Resistant Coin Nobody Has Ever Told You About
How to keep your computer clean and minimize risk for malware.
The Beginner's Guide to PoW and PoS ! Learn about Proof-of-Work and Proof-of-Stake !
The Beginner's Guide to PoW and PoS ! Learn about Proof-of-Work and Proof-of-Stake !
Which mobile phone is best for multiple crypto wallet ?
Downfall: Threat to crypto projects?
Satoshi was, is, and will be, an AI from the future.
BLOCX - POW/POS - X11 - All in one computer manager
Utopia Messenger provides 100% security on your communication + ChatGPT assistant.
How to MINE Crypto with your PC or Laptop: GPU and CPU mining
Can someone tell me what exactly WhiteBIT are smoking?
Decentralizing Online Video: Discover the Power of AIWORK
Medium and small Bitcoin miners are at risk: “It is not profitable anymore” — The constant increase in Bitcoin mining difficulty raises questions about the profitability of the business. I talked with some miners for insights regarding the activity.
Medium and small Bitcoin miners are at risk: “It is not profitable anymore” — The constant increase in Bitcoin mining difficulty raises questions about the profitability of the business. I talked with some miners for insights regarding the activity.
Buying Bitcoin is easy today, because we have CEX and DEX. In the early days you would have to mine for it, visit scammy websites to buy it, find people for P2P on Bitcoin forums etc. The truth is - we need CEX.
I'm working on a Time of Death AI for my crypto holding (update for those who seen the template document)
I've followed all the instructions, but syncing my full node is taking for-f'ing ever...
Cardano: An in-depth look at its advantages an disadvantages
The software security argument why Ledger Recover is a security risk
The software security and scientific argument why Ledger Recover is a security risk
Nano: An in depth look at its positives and negatives to see why it's dying
How you can use crypto for good causes.
Algorand: An in-depth look and it's advantages and disadvantages
OctaSpace (OCTA) distributed computing project 275% in just under a month
Why most crypto users would rather mine fiat than crypto?
Several million constraints for an individual, unconstrained scalability for mankind.
About privacy, and how Monero (XMR) helps
Why Monero is a Better Choice than Bitcoin for Privacy-Oriented Users
Do you know Satoshi created Bitcoin in reaction to the 2007 global financial crisis, to give people around the world a choice
Love Banano? Gridcoin does everything Banano does, but better.
How to: Mine Moons using hardware equipment! 💻 🌓
You need to be a multi-millionaire to simply have a chance of being a validator on Binance Smart Chain network. And it gets worse from there. [SERIOUS] ly how did we ever accept this?
Just scored 29 points on Stress My GPU's CPU benchmark
why are these on my CPU files but under other company's names and why can i not access my wallets of the BTC I've developed as a licences mit developer for bitcoin. org plz help I'm being robbed
The most ASIC-resistant crypto has been around since 2013 and you've probably never heard of it
ASIC Resistance - Why it matters and who is doing it right
M2 is not just an Apple CPU… it WAS the reason why the US dollar was going down
$1500 DeSci Coin Giveaway and AMA w/ Curecoin, Gridcoin, Etica
Bitcoin - $BC | CMC Listed| Big Marketing Campaign | Strong Community
Bitcoin - $BC | APeer-to-Peer Electronic Cash System | Big Marketing Campaign | Strong Community
Why mining pools having huge hash shares is a bad thing. They can censor transactions. Individual pool miners have no control over what goes into the blockchain. Only the pool owner does.
What is Monero (XMR)? A beginner’s guide
What is Monero (XMR)? A beginner’s guide
"Master decryption key" for the whole Secret Network extracted via AepicLeak CPU bug
Ferrite Core v1.0.0 compiled and uploaded on Github today
Mentions
Ok? But since you're just doing checksums for now, it's normal to have that amount of checks per second. It's not 6-7 billion address recover per second, so it's like saying "With my script, my CPU is able to do billions of simple math additions per second" which is valid for any script and any machine
In 2009-2012 I had around 100 to 170. I mined 100 on CPU. I spent all of them. Now I have 0. Why do you like to recall all that? Forget it. It's gone.
Monero's CPU mined RandomX and Bitcoin's ASIC mined SHA256 would not have any crossover in hashrate capabilities. Bitcoin would also be at least 20x more expensive to attack
Ok, ended up checking and seems on average it has been using about 73 Mb’s of RAM and very little CPU power.
It doesn't affect Bitcoin in practice because there are no Bitcoin miners close to 50% The mechanism being discussed - secretly mining a series of blocks and releasing them all as a "surprise" to replace the chain tip - is useful for a few reasons 1. it defeats Satoshi's white paper mining risk calculations, because those calculations assume competition for each block, one block at a time. See section 11 "Calculations" 2. it defeats the double-spend victim's "wait 6 blocks" strategy if the replacement chain tip is more than 6 blocks long The definitive example of this method is the 2020 BTG double-spend attack https://gist.github.com/metalicjames/71321570a105940529e709651d0a9765 The theft works by depositing BTG to an exchange, buying BTC, withdrawing BTC - all during the regular miners making 6 blocks per hour. At the same time, the thief uses 51% mining hashes rented on NiceHash to mine 2 hours of blocks faster than the regular miners, and in these 14 blocks spending the same BTG to themselves instead of depositing it to the exchange. Then release the 14 blocks to the BTG node network. The nodes automatically replace that much of the chain tip because the new tip is a longer chain The thief gets to keep the BTG, and also keep the BTC bought on the exchange This worked on BTG because * BTG is not SHA256, not ASIC-mined, is only GPU mined * GPU mining hashes are available for rent on NiceHash and similar hash broker sites * BTG's price and hash rate means it only costs $1700 per hour to rent 51% hash rate for BTG * the exchange (Binance) wasn't smart enough to wait 30 blocks after receiving the BTG deposit (now they are) None of those conditions apply to BTC, but it's possible in the future, after the BTC price bubble bursts --- To clarify the Monero discussion, it's not possible there either, because Qubic doesn't control enough miners' hashes, and because its miners will switch from Qubic to another pool to prevent Qubic having 51% The pool only controls its miners' blocks if the miners don't switch pools. Qubic's malicious attempt drives away its miners Also Monero is CPU mined, not GPU mined, costs much more than a few thousand per hour to overtake the network, and because Monero CPU hashes are not easy to rent on NiceHash (at least, it's not possible to rent 51%)
Any run of the mill computer CPU will work! >With RandomX implementation, the advantages gained by a select few affluent people is minimized, as if they invest in creating “ASICs” for mining RandomX, they will actually merely invent stronger, better CPUs, which benefits the world at large. https://localmonero.co/knowledge/monero-mining-randomx
Has nothing to do with privacy coins. The scheme could be applied to any CPU mined coin. The real reason Qubic chose monero is because no other coin would allow him to embezzle block rewards without getting caught.
>unless they make their PoW mechanics incompatible with the BTC asics. They did, its called RandomX CPU mining algo. Asics can't be used to Mine XMR
Doesn't take much power as it is centralised! Only has 23 nodes all run by big corporations - The hardware requirements are massive! The hardware requirements for Hedera nodes are quite specific and depend on whether you are running a consensus node or a mirror node. It's important to note that you can't just run a consensus node; they are currently permissioned and operated by the Hedera Governing Council members. However, anyone can run a mirror node. Consensus Node Requirements The requirements for a consensus node are very high-end and are designed for enterprise-grade performance and security. These are not for a typical home setup. * CPU: A high-performance, multi-core processor (e.g., Intel Xeon or AMD EPYC) with a minimum of 24 cores/48 threads is required. There are also specific performance benchmarks (Geekbench, Passmark) that must be met. * Memory (RAM): A large amount of ECC Registered DDR4 RAM is needed, with a minimum of 256GB and a recommendation of 320GB or more. * Storage: A substantial and very fast storage solution is essential. The requirements include at least 5TB of usable NVMe SSD storage with high sequential and random read/write speeds (e.g., 2,000-6,200 MB/s sequential read). The use of RAID arrays (e.g., RAID 1 for the OS, RAID 0 or 10 for data) is recommended for redundancy and performance. * Network: A sustained, unmetered 1 Gbps internet connection is required to handle the high volume of traffic. The node must also be deployed in an isolated DMZ network with specific ports open.
When bitcoin was under a dollar people were mining it with laptop, CPU and getting 50 BTC at a time if they successfully mined the next block. People were trading bitcoin for magic the gathering cards People were trading bitcoin for dark web drugs People were trading bitcoin to have a website built Nobody thought it was going to go to $1000 but it did at the end of 2013 and it did it again at the very beginning of 2017
First I have to tell you about this Dot-Com bubble thing called [eGold](https://en.wikipedia.org/wiki/E-gold). So when BTC came out I was ridiculously jaded and didn't expect much. I was CPU mining back when block rewards were 50 BTC, got a couple blocks and bought a 1500 Hemi with the proceeds when it hit $100 because (and I quote) "Fuck that, I'm getting mine while I can before this blows up like eGold did!" I'm rather confident you can feel my regret at not hodling from there... but I do still have the truck (I bought it used BTW).
I'd been trying to say that all this time. Also he seems to totally underestimated RandomX. The best you can achieve is about 200 kH/s in an AMD Epyc 9xxx series. This CPU cost about as much as a small car, $20.000. So to achieve his desired hashrate, ~5 GH/s, he needs about 25.000 of these CPUs. This means at least 12500 dual CPU servers, lets assume Gigabyte MZ72-HB0, brand new goes to around $5000 each. So CPUs alone we are talking about 500 million USD, motherboards 62.5 million USD, adding for small components such as RAM, we have over 600 million USD, then we need a massive amount of powerful PSUs and probably a nuclear power station nearby to feed all this datacenter. To this we need to add the setup of those 12.500 machines, eventual hardware failure and management, $1 billion wouldn't be enough. Whereas the Qubic marketcap is at about 250 million USD, not enough to buy even the CPUs. He probably thought to rent servers, however datacenters with these CPUs have AUP terms, so while he was calculating to have those machines mining XMR, the datacenter most likely disconnects them as AUP violation as CPU usage is way too high.
Seems like a less secure version of a hot wallet? Private keys visible to CPU and clipboard etc on pc? Whatever you do don't use bitaddress. You can download https://iancoleman.io/bip39/ and run it offline. Suggest electrum if you want hot. Backup the seed in your brain or on steel. Simple. Or get a trezor and steel for colder.
To the best of our knowledge and expectations, quantum computers won't "crack" SHA-256 at all. That doesn't mean the quantum threat does not exist - the main issue is ECDSA. The scenario grok refers to as "cracking" SHA-256 is being able to run Grover's search on it, which gives a quadratic advantage in search. That means that to fully reverse a hash (find a preimage that hash to a specific hash) you need to do around 2^128 steps instead of 2^256 - but that is still unfeasible to do, will take more than the age of the universe even if we assume the QC is as fast as the fastest processors today. The problem of finding collisions (two preimages that hash to the same thing) is a bit easier, takes 2^128 steps classically and 2^64 with Grover's search - that is still mostly unfeasible, but not quite "age of the universe" level and could maybe be done if we get quantum computers *very* fast. But even in this case, it's easy to just move to SHA-512. The issue which is unique to Bitcoin is mining. In mining the miners do a partial reversal of SHA-256 (trying to hit a range of preimages) which is just hard enough for the whole network to do it in 10 minutes. A quantum computer gets a quadratic advantage on that partial reversal too, and since mining is competetive it won't need to be extremely powerful to dominate. Still you would need a much more powerful quantum computer than we currently have or expect to have in the coming decades, and you can't even effectively "join forces" from several quantum computers because Grover's search doesn't parallelize well. So it looks like this isn't a concern for a while, but when it is it looks like it would change the landscape of mining significantly (much more than the CPU->GPU->ASIC transition), mostly for the worse it seems for decentralization and robustness. It's unclear if any kind of proof-of-work we know can work well with quantum. Anyway the real problem which is more pressing is the ECDSA signature scheme, which is what is used in Bitcoin to sign transactions using a private key, such that they can be verified with the public key. This signature scheme is thought to be possible to crack with quantum computers - going from public key to private key. Now there are modern algorithms which are thought to be quantum resistant, but there are some issues with moving Bitcoin to use them - you need people to willingly migrate to a quantum resistant wallet, as they need a new private key from the new algorithm. It's of course tough to rally everyone and for some it would not even be possible as they lost access to their keys. Quite a few of the early wallets whose public key is exposed would become "quantum loot" and there is some discussion over whether to let it be stolen or freeze those finds. Another issue is that the signatures in quantum resistant algorithms are much larger, and that's an issue with block space already being a premium.
SHA-256 is not an encryption but a hash function, and it already is something that quantum computers cannot crack (to the best of our knowledge and expectations). The scenario grok refers to as "cracking" SHA-256 is being able to run Grover's search on it, which gives a quadratic advantage in search. That means that to fully reverse a hash (find a preimage that hash to a specific hash) you need to do around 2^128 steps instead of 2^256 - but that is still unfeasible to do, will take more than the age of the universe even if we assume the QC is as fast as the fastest processors today. The problem of finding collisions (two preimages that hash to the same thing) is a bit easier, takes 2^128 steps classically and 2^64 with Grover's search - that is still mostly unfeasible, but not quite "age of the universe" level and could maybe be done if we get quantum computers *very* fast. But even in this case, it's easy to just move to SHA-512. The issue which is unique to Bitcoin is mining. In mining the miners do a partial reversal of SHA-256 (trying to hit a range of preimages) which is just hard enough for the whole network to do it in 10 minutes. A quantum computer gets a quadratic advantage on that partial reversal too, and since mining is competetive it won't need to be extremely powerful to dominate. Still you would need a much more powerful quantum computer than we currently have or expect to have in the coming decades, and you can't even effectively "join forces" from several quantum computers because Grover's search doesn't parallelize well. So it looks like this isn't a concern for a while, but when it is it looks like it would change the landscape of mining significantly (much more than the CPU->GPU->ASIC transition), mostly for the worse it seems for decentralization and robustness. It's unclear if any kind of proof-of-work we know can work well with quantum. Anyway the real problem which is more pressing is the ECDSA signature scheme, which is what is used in Bitcoin to sign transactions using a private key, such that they can be verified with the public key. This signature scheme is thought to be possible to crack with quantum computers - going from public key to private key. Now there are modern algorithms which are thought to be quantum resistant, but there are some issues with moving Bitcoin to use them - you need people to willingly migrate to a quantum resistant wallet, as they need a new private key from the new algorithm. It's of course tough to rally everyone and for some it would not even be possible as they lost access to their keys. Quite a few of the early wallets whose public key is exposed would become "quantum loot" and there is some discussion over whether to let it be stolen or freeze those finds. Another issue is that the signatures in quantum resistant algorithms are much larger, and that's an issue with block space already being a premium.
That's wrong though... The quantities are impressive, but not **that** impressive... 333k BTC is an **insane** number... I mined Bitcoin in the very early days of the project (like a few days after it first got around the nerd media circles like hackernews etc), and at the rate I mined at the time it would have taken me **a VERY long time** to get to 333k BTC... The 10 largest 2010-era wallets: | Rank | Address | BTC balance (unspent) | First-ever “In” | Last activity | Quick note | | ---- | ---------------------------------- | --------------------- | --------------- | ------------------------------------- | --------------------------------------------------------------------------------------------- | | 1 | 12ib7dApVFvg82TXKycWBNpN8kFyiAN1dr | 31 000 BTC | 13 May 2010 | 24 Jul 2010 (last out); dormant since | Also known as **“Wallet 967.”** The biggest single early-miner hoard ([BitInfoCharts][1]) | | 2 | 12tkqA9xSoowkzoERHMWNKsTey55YEBqkv | 28 151 BTC | 5 Apr 2010 | Never spent | Never sent a single satoshi out ([BitInfoCharts][2]) | | 3 | 1PeizMg76Cf96nUQrYg8xuoZWLQozU5zGW | 19 414 BTC | 24 Jul 2010 | Dormant | Typical “one-way” consolidation of block rewards ([BitInfoCharts][3]) | | 4 | 1HLvaTs3zR3oev9ya7Pzp3GB9Gqfg6XYJT | 9 260 BTC | 18 Mar 2010 | Dormant | Nine thousand BTC mined in the spring of 2010 ([BitInfoCharts][4]) | | 5 | 167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg | 8 999 BTC | 9 Aug 2010 | Dormant | Final large deposit came only two weeks after GPUs appeared ([BitInfoCharts][5]) | | 6 | 198aMn6ZYAczwrE5NvNTUMyJ5qkfy4g3Hi | 8 000 BTC | 22 Feb 2009 | Dormant | Technically an even *earlier* CPU-mined stash from Bitcoin’s first month ([BitInfoCharts][6]) | | 7 | 15Z5YJaaNSxeynvr6uW6jQZLwq3n1Hu6RX | 7 941 BTC | 10 Apr 2010 | Last spent Oct 2010 | Only small change was ever moved ([BitInfoCharts][7]) | | 8 | 1FJuzzQFVMbiMGw6JtcXefdD64amy7mSCF | 6 999 BTC | 8 Nov 2010 | Dormant | Likely pooled rewards from late-2010 solo mining ([BitInfoCharts][8]) | | 9 | 1ALXLVNj7yKRU2Yki3K3yQGB5TBPof7jyo | 4 000 BTC | 24 Jul 2010 | Dormant | A neat 4 000 BTC collected in one afternoon of block hunting ([BitInfoCharts][9]) | | 10 | 1FvUkW8thcqG6HP7gAvAjcR52fR7CYodBx | 3 350 BTC | 7 Aug 2010 | Minimal outs in 2011 | One of the few early whales that *has* moved small amounts ([BitInfoCharts][10]) | Sources: [1]: https://bitinfocharts.com/bitcoin/address/12ib7dApVFvg82TXKycWBNpN8kFyiAN1dr?utm_source=chatgpt.com "Bitcoin Address 12ib7dApVFvg82TXKycWBNpN8kFyiAN1dr" [2]: https://bitinfocharts.com/bitcoin/address/12tkqA9xSoowkzoERHMWNKsTey55YEBqkv?utm_source=chatgpt.com "12tkqA9xSoowkzoERHMWNKsT..." [3]: https://bitinfocharts.com/bitcoin/address/1PeizMg76Cf96nUQrYg8xuoZWLQozU5zGW?utm_source=chatgpt.com "Bitcoin Address 1PeizMg76Cf96nUQrYg8xuoZWLQozU5zGW" [4]: https://bitinfocharts.com/bitcoin/address/1HLvaTs3zR3oev9ya7Pzp3GB9Gqfg6XYJT?utm_source=chatgpt.com "Bitcoin Address 1HLvaTs3zR3oev9ya7Pzp3GB9Gqfg6XYJT" [5]: https://bitinfocharts.com/bitcoin/address/167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg?utm_source=chatgpt.com "167ZWTT8n6s4ya8cGjqNNQjDw..." [6]: https://bitinfocharts.com/bitcoin/address/198aMn6ZYAczwrE5NvNTUMyJ5qkfy4g3Hi?utm_source=chatgpt.com "Bitcoin Address 198aMn6ZYAczwrE5NvNTUMyJ5qkfy4g3Hi" [7]: https://bitinfocharts.com/bitcoin/address/15Z5YJaaNSxeynvr6uW6jQZLwq3n1Hu6RX?utm_source=chatgpt.com "Bitcoin Address 15Z5YJaaNSxeynvr6uW6jQZLwq3n1Hu6RX" [8]: https://bitinfocharts.com/bitcoin/address/1FJuzzQFVMbiMGw6JtcXefdD64amy7mSCF?utm_source=chatgpt.com "Bitcoin Address 1FJuzzQFVMbiMGw6JtcXefdD64amy7mSCF" [9]: https://bitinfocharts.com/bitcoin/address/1ALXLVNj7yKRU2Yki3K3yQGB5TBPof7jyo?utm_source=chatgpt.com "Bitcoin Address 1ALXLVNj7yKRU2Yki3K3yQGB5TBPof7jyo" [10]: https://bitinfocharts.com/bitcoin/address/1FvUkW8thcqG6HP7gAvAjcR52fR7CYodBx?utm_source=chatgpt.com "Bitcoin Address 1FvUkW8thcqG6HP7gAvAjcR52fR7CYodBx"
Technology is a “physical” thing/force/process, see CPU’s, GPU’s Motherboards, Servers, etc etc. BTC is a Digital Token, and Tokens, have been integrated into how “we” exist, how we function now and in the future, in conjunction WITH technology. Every single time that you login to a website, part of the authentication process is, issuing you a Token after your Identity has been verified. Tokens are not going away. They are an essential part of technology, now, and in the foreseeable future. BTC will NEVER Die or disappear, and if it does, so will WE ALL
Renting hardware was always issue when it comes to CPU mining. CPU coins were advertised as more decentralised ect. But the truth is that it just makes attack easier due to hardware universal - unlike ASICS it can be rented and sold after successful attack. IMO Monero should switch to ETH style PoS and be done with mining
Yeah, only CPU based mining orgs could do a 51%. Not sure if any of those he mentioned really have enough CPU hash, they mostly ASICs
What did satoshi mean by this in the white paper? “The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.” So if all the governments had attacker nodes the system is no longer secure?
Some real data here : [https://gist.github.com/Rucknium/0873b10b6d36ff6c9d6f8f54107d16f7](https://gist.github.com/Rucknium/0873b10b6d36ff6c9d6f8f54107d16f7) They are most likely renting CPU hashrate and they have enough money to do so Furthermore they cannot reach more than 20% of the 24h mean global hashrate at the moment. There are only spikes during 1hour time frame
Bitcoin uses ASICs. What made this possible was CPU mining.
I also like the tech and dislike shills. I tried mining BTC in 2011. People who were into it then had to at least partially be interested in the tech. (My mining didn't get very far. I was mining with a CPU just before CPU mining was becomming unprofitable.) I think there are more elements of Bitcoin that are offered fundamentally, but I think your example is a good reason to include it in a portfolio.
I met a dude once that sold bitcoin in person for cash. He said that he had been doing it for a long time so I asked him how much he bought for and he said $10. He could see that I was immediately star struck and in awe. Then he followed with the statement, “Ya, when it hit $20 I had doubled my money so I sold it all” i’m not sure how much he bought but I would guess in the thousands or tens of thousands of dollars. I agree with OP, nobody knew what this was going to turn into. The first price I ever remember was $2. I used to mine about .1 BTC and merge mine Namecoin. At the same time, my CPU was mining Litecoin. I lost it all to donations and Satoshi dice and butterfly labs. When I hit $99 I felt like I had missed the boat so I threw in the towel and bought 1 BTC and left the space. When it hits $700 my ex hit me up and asked me if I still had the bitcoin that I had mind when we were together because she wanted to split it because she needed money. I sold it and sent her $350, and spent my half. I don’t start buying again until it was running up to $20k. No matter what, it’s probably always too early to sell but we all do what we’ve got to do.
And to think, I profitably mined BTC on the CPU and a pair of GPUs in a gaming PC back in 2011 😅
Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization. As of Monday, Qubic had fallen from the top spot on the Monero XMR $246.33 mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool looked to be openly performing a network takeover, the pool’s hashrate plummeted until it fell into its current position as the seventh-largest XMR mining pool. In a June 30 blog post, Qubic revealed that it had begun incentivizing Monero CPU mining via its own network. The mined XMR would then be used to fund buybacks and token burns for the Qubic ecosystem. “QUBIC miners now perform real-world tasks (Monero mining) that generate real market value, which in turn strengthens the QUBIC economy,” the post stated. Sergey Ivancheglo, founder of crypto projects Qubic, NXT and Iota, has admitted that his Qubic network was staging a takeover of the Monero network. In a recent X post, he said that after getting control of most of the network’s hashrate, Qubic would reject the blocks mined by other pools.
tldr; Monero, a privacy-focused cryptocurrency, is facing an attempted network takeover by Qubic, a former top mining pool. Qubic incentivized Monero CPU mining to fund its ecosystem, with founder Sergey Ivancheglo admitting plans to control most of Monero's hashrate and reject blocks from other pools. This raised concerns over centralization and network security. However, Qubic's hashrate has since dropped significantly. Ivancheglo claims the attack is a test for countermeasures against future threats, but critics warn of risks to Monero's decentralization and integrity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I see no real story other than the BTC value. Then gained value is beyond where they need to care any more and they have no meaningful reason to stay in btc. It makes no real difference to them if BTC sees another 10x run, or if it falls back to 1/3 of its current value. Most of the early Bitcoiners were geeks,.playing around with this new "digital gold" which you could mine almost for free using spare CPU cycles on your computer and send to other geeks. It is not like.they consciously invested in something they expected to grow by 25000000% in 15 years. At the time it was a fun gimmick, worth nothing. Over the years those geeks have grown up. A couple of them have become bitcoiners and are running Bitcoin related businesses, many starting with mining and then expanding into Blockchain ventures. But many are likely much the same geeks they were but now with a family. And priorities in life shifts. Most of those who became bitcoiners have invested their coins with the hope to.generate more coins. Some quite successfully so, others losing most of their coins. Some selling parts of their coins living of Bitcoin while still getting richer in fiat terms. But I think you will find a significant amount of whales who have simply been "sleeping". Involved with Bitcoin in the early days, got burnt a couple of times, and lost interest. Built a life doing something fun. Keeping most of their Bitcoin as a memory, and possibly even scared by the increase in value not daring to touch them. And now realizing they do not need to care about money ever again.
Pretty sure this convo is the reason for the post. Talking with an alter ego about how he can magically recover coins that can’t exist in hope that other people contact him. The whole story is BS. Buying BTC in 2009? BS -> you could easily CPU mine and get hundreds if not thousands of coins in days/weeks. There also was no market, no price. That is why Pizza Day was so monumental -> first time BTC had real confirmed value. There just was no seed phrase in 2009. The idea wasn’t just in anybody’s head. Even after it was introduced people were careful. People talk about custom wallets in electrum. What electrum? Electrum was first released in 2011 as there was no infrastructure and absolutely no need to not use anything else than Bitcoin Core. Downloading the blockchain took a couple of minutes and if you wanted to mine which was standard back in the day you didn’t have a choice (I am not really sure if there was anything else come to think of it). PLEASE do not contact anybody in this conversation if you are having problems with your wallet. Post a Reddit thread.
It's not strangely common at all, thousands and thousands of people mined or used BTC back then, some of held some have been in prison, some locked it away in ways where they can't even access their keys for X amount of years, smart. Some people find old devices or come across old emails etc where they suddenly remember passwords to old devices. People inherit or find old devices from dead relatives and family members etc. There's loads and loads of reasons, nothing strange going on at all. Yes 2000 BTC sounds like a lot now, but back then when it was <$2 we would often send an extra 10 BTC to make sure the receiver received enough lol. $1m-$2m tips. 🤣🤣🤣 Remember in the early early CPU days top end CPUs was getting you 200+ BTC per hour lol Good luck you're still early. Dca and hold.
Nice post. I think a lot of of us have similar regrets about decisions we made related to BTC. Have to correct 1 point though OP: In 2015 there was no way that he was using laptops to mine BTC. By 2015 all mining was from ASICs. In fact, CPU mining was already dead by 2011.
tldr; Hackers have infected over 3,500 websites with cryptojacking malware that uses visitors' browsers to mine Monero without consent. The campaign, uncovered by cybersecurity firm c/side, employs stealthy techniques like throttling CPU usage and hiding traffic in WebSocket streams to avoid detection. This resurgence of cryptojacking focuses on long-term access and passive income, repurposing old infrastructure from past Magecart campaigns. The malware targets server and web app owners rather than directly stealing crypto wallets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Whilst this is a core feature of Bitcoin, I had no idea it was the case when I set up ky first node, mined Bitcoin on mu CPU, deleted everything to save storage space, brought BTC at the peak in 2017, tried to trade it, got wrecked, then - finally - learned that BTC has a fixed supply. It took until the 2021 peak - when I brought back in again - to realise there was a halving cycle LOL.
I sold at $100 "because it's gonna pop and I'm getting mine while I can" (I had been burned by eGold in the dot com bubble). Still have the truck I bought (used) with the 150 BTC I didn't even pay for: CPU mined back at a former employer's lab... machines were on 24/7 but the lab was an 8-5 lab so I just set them up to mine overnight to a wallet on a shared drive.
1. Your smartphone has various interfaces, radio and physical, through which it can be hacked 2. It is never offline. It is connected to cell towers even without a SIM card 3. You can't neither control nor verify the software running on your smartphone. Beside the main OS, it has proprietary closed-source code running in radio chips 4. If it is an old smartphone never connected to the Internet, it doesn't have the latest security updates for the operating system and could probably be hacked in 0 clicks by simply connecting it to a computer 5. All the cryptographic operations are done in a general purpose CPU On the other hand: 1. Hardware wallet is a bare minimum device designed specifically for signing transactions, it doesn't have unnecessary unsafe interfaces 2. You can verify the software running on it 3. A hardware wallet uses a dedicated secure chip to store the keys and do the signing
I think we are saying the same thing, brother/sister. You're right, in 100 years a very hardworking person will never get close to what the CPU guy mined in 2010. Same applies to most people today, esp those who haven't seen the need to start stacking. But you know what 100 year guy stands a better chance of having with bitcoin? Fair value for his hardwork, in his time 100 years from now, whatever that looks like.
>In an (or maybe I should say 'my') "ideal" world, the amount of value a person has or controls should be roughly equal to the amount of work they've put in, in whatever form - physically, mentally, creatively, etc. While I agree with your sentiment and I'm very much pro-Bitcoin, I don't think Bitcoin fits your worldview too well. If Bitcoin succeeds, in 100 years you could be the hardest working, most creative person to ever have lived and you'll never get even close to what some random dude pulled CPU mining back in 2010 if he managed to hold on to it. You wouldn't even get close to the guy who put $120k today and got a whole coin for it. I think you vastly underestimate the luck factor (right place, right time, right mindset) in the wealth game.
Old heads are making the money moves. It's just a fact. When I say "old heads" I just mean age. There are plenty of older people who are intelligent enough to understand tech because sometimes they were part of it's development. I mean how far deep do you want to go down the roots of tech. The transistor? The CPU? The Internet? Ethernet? SHA-256? A lot of tech was created by older engineers. Now, I do agree with what you said about old folk not so quick to accept new technology. That caution is because of experience where an unproven tech has cost millions of dollars. Most of the time the stubbornness from old folk comes from the financial side. A lot of old people worked very hard for their money to just toss it out on an unproven technology. The dotcom bubble siphoned out a lot of older people's money and that experience made them cautiously skeptical. It's just the experience talking really - don't take it personal.
"mined on CPU" 😁 ... Oh to have caught that wave
You are assuming, based on present knowledge, that you would have gone big into Bitcoin 8 years ago, but most people didn't do that. Odds are, you would have done something else. I knew about Bitcoin in 2010, when I could have still done CPU mining and I didn't do anything more than read the whitepaper. I watched it for six more years after that and didn't buy any. And then I started to buy it very slowly at a time when I still could have afforded to go big. You know about it know and it is still likely to be one of the best performing assets for quite a while. All that you have to do is work hard and lock away those savings.
Nope. Why? It won’t ever happen and even if it does as an example from today $123k so far ATH. Drops in a week or month rather down to say 90k in a week then $30k by 1 month. And sits stable. That’s not a ISSUE for companies especially those for long term or mooong companies it’s not ever about the now. I mean the only thing about Now is “DO WE BUY MORE” or “DO WE ADD MORE MINING RIGS KOW FOR $USD” pay that off and earn more $btc that overshadows $USD value since one is inherently stable yet has no supply cap. Cash can be printed and Bitcoin cannot and it’s a VOLATILE market but it’s a very rigid supply of exactly what there is to be mined which ends or will be all mined around 2146 or something. Even if humans aren’t here or we are Smart Humans rigged with AI or it’s just a CPU world it will be mined. Then when it’s all mined $BTC owners and big companies will have massive leverage on the market due to early inception like us now. Don’t miss it but when it drops when there is FEAR that it won’t go back up. Listen I’ve been here from the $1 stage I saw it go to $100 and back to $20 then up to $500 back to $80 then up to 6k down to $600 then up to $20k down to $3k then up to $69k down to $17k up to $123k Today. Look at and follow the 200W or D MA that’s on ugh Blockchain the chart section when on $BTC. Shows how we are only half way to peak of this cycle. Anticipate this in October. GL all!
If I remember this right, 2011 was back in the era when you would mine bitcoin using your computer's CPU with what is now called the **Bitcoin Core** client. There should be a file called **wallet.dat** on that hard drive that contains the private keys needed to "move" or transfer the bitcoin. If you lose that file, you lose access to the bitcoin. Bitcoin Core from that era did *not* encrypt the wallet.dat file, but your friend's father may have encrypted it some other way to keep it safe. See if you can find the wallet.dat file by mounting the hard drive to a computer not connected to the internet. Better if it's a freshly installed OS that has never been connected to the internet. You don't want malware stealing a copy of that file. In parallel to this, install Bitcoin Core on your computer and it will set up a new, empty wallet. Learn how to buy bitcoin on an exchange and move the bitcoin into and out of this wallet. This becomes your learning platform where you can make mistakes and not lose big. When you've learned enough, you can then start working with the really valuable ancient wallet.dat file (on a fresh computer). When you open Bitcoin Core and have it use this file, it will show you the transaction history and bitcoin balance that it holds. Good luck and be patient!
Monero is PoW and only-CPU
Genuinely shocking. Bitcoin highlights the lack of knowledge in people in terms of CPU’s and money.
You can't mind Bitcoin on a phone at a speed that would generate any money whatsoever. You can mine a CPU coin on the phone and specifically I did this at one point to pay for my VPN but the phone only made $5 in 30 days. If you try to install a product that "shares bandwidth" What you are actually running is something that lets other people use your connection for at best click fraud / ai scraping and at worst unlawful content. This can get you blocked by Cloudflare and a bunch of other CDNs when you start sending out a bunch of bullshit traffic. Do not install this. It can have legal consequences for you. Do not install this. So anyway, the overall thing is if you have an old pixel you can make two dollars a month, mining a CPU coin, and then swap it to Bitcoin, which honestly will not even cover the five or so Watts the phone uses. And even if it did, it's $2. Lmao.
Personally I think dca (bit by bit) might be a safer play while Bitcoin is near all time high. Although since the projected end game is Bitcoin price far surpassing 100k, it doesn’t matter too much. Strike is good. Just make sure your id is verified and you’re able to withdraw. A cold wallet is the only way to go for long term storage. I use Jade in stateless mode, much like a seedsigner hardware wallet. Mining is now primarily run on specialized ASIC hardware, not CPU or GPU in your computer. And you’d need a lot of asic and near free electricity to see any profitability, but something like bitaxe is a fun lottery miner.
I lost a hard drive with a wallet that had roughly 150BTC on it that I mined in the beginning with a CPU, back when that was still a thing. Have no clue where that drive ended up, but it’s likely with all the other stuff I lost in like 2013 :/
Choosing to do SETI @ HOME over Bitcoin back when you could run it off a CPU/GPU.
2008. I could have fucking mined with my CPU if I just read a few more sentences before clicking away.
What you’re seeing is front running bots. 1/2 the cause of all the rug pulls you guys suffer from trying to trade shit coins. When you’re ready to get in on the ground floor of a real project, PM me. It’s live, it’s CPU mineable, and it’s built on proven technology. No bullshit involved. Mine it right now on a dusty old laptop and hit blocks. Isn’t even exchange listed yet.
If Monero be illegal, I will be a criminal heh Monero is descentralized and Open-source, nah, they don't can destroy Monero, Monero is anti-fragibility. How buy Monero: Use Retoswap.com, Cyphergoat, Trocador.app and Serai.excharge in future. How mine Monero: Use your CPU + P2Pool or solo mining (or creat your mining pool, all there opcional turns Monero more descenfralized). How store Monero: Use Monerujo or Feather Wallet + Sidekick or Anonero. (And have wallets that use a Pen-drive with TailsOS). see more in r/Monero and Monero.eco
Buy Monero in DEXs like Retoswap.com or mine with your CPU with P2Pool. And have Cyphergoat and Trocador.app
Excuse me for being ignorant, I just made a suggestion with Stratum V2, I didn't mean to be an ass either. So take this below with a GRAIN OF SALT. I am focusing on the hash rate part All I know, is Stratum V2 is going to reshape the way it works with choosing a pool, as a noob I could be wrong though...that's why I did not go further into details. I am not here to mislead someone... Tbh, and I don't think an AI will help about what you're asking as to "Why do people keep mining in those gigantic pools?" As a general rule : People don't like to be the first mover, and they do not want to take risk of being separated from the mass but once it has started, domino effect will come into play...if you ask me... My personal research leads me to THINK : A pool holds many individual miners that are free to unplug, so how could they gather to rewrite the blockchain, as you suggest ? So I personally will not worry, since energy is well distributed on the planet, there will always be miners of last resort, (be an individual, another pool of miners, countries). The way I see mining is more a moving game theory, and even pools could fail if they do not manage correctly their activity. Why not imaging States mining in the future competing with each other (rendering today's pools obsolete ?) Even considering this : if Moore's law hits a limit, the deflationary aspect of the economy might make profitable for the pleb to mine on their own (cheaper Asics) as it was intended from the start (CPU) and leading to more decentralization. Unpopular Opinion : I am not an AI fan for doing research, I prefer spending time to "understand" topics and fill in the blanks if needed, it is very time intensive though ! TL, DR : I am not an AI fan and I don't know if I can help you further
I mined 5 BTC with my gaming PC in 2011, when BTC was $2-3 USD/BTC. I mined on the Core2 Quad CPU itself, and both GPUs (a Radeon HD 6870 and a Radeon HD 4670), and was part of a mining pool that took 2% off the top and paid out the rest a few times a day. I thought that BTC was going nowhere and sold what I had in my Mt God account for about $10 in November 2011, right before I went to prison for six years. When I got out of prison in 2017 I found that I still had 1.15 BTC left in my wallet.dat on the PC. I moved it to a more modern wallet and sold some of it (at about $10k USD/BTC to help pay fines/debts. I sold some more about five years later at around $60k USD/BTC to help build a house. I still have 0.1 BTC left in that wallet that I don't think I'll ever sell. At the end of 2022 when BTC crashed down to $15k I bought a whole coin and change and have that in another wallet. We're doing pretty great overall, but I really regret selling that BTC at under $3 in 2011 😅
You're absolutely right — realistically, scanning such huge ranges on a phone isn't practical. Mobile apps like mine are more for learning, experimentation, and exploring how keyhunt-style scanning works. In real-world puzzle-solving, tools like KeyHunt (CPU-based) or BitCrack (CUDA/GPU-based) on desktops are statistically far more capable. **For example:** 📱 Xiaomi Mi 8 Lite → \~100 keys/second 📱 Poco X3 Pro → around 3–4× faster than that (\~300–400 keys/second) On a modern PC with proper GPU support, you can easily reach millions of keys per second. So yeah — the mobile version isn’t for serious cracking, but it helps visualize and test ideas while on the go But hey — maybe you're just *really* lucky 🍀 Might be worth a try, right?
I would say that Monero (XMR) is necessary so that you can protect yourself from a possible authoritarian government and to save your finances for the future, Monero is untraceable and fungible, I recommend that you take a look at the website Getmonero. org to find out more about Monero, some methods of acquiring it are: CPU mining (Monero is easy to CPU mine thanks to its algorithm, I recommend you use P2Pool), buying through DEXs such as RetoSwap, Basicswap, UnstoppableSwap (and in the future through Serai.excharge), you can also sell things for Monero through XMRBaazar for example, plus there's TradeOgre (all these methods are non-KYC). Call me if you have any questions!
Some friends and I have a small CPU farm, RN we're on TIG - it's paying the bills, but not much more. You have to scan daily to keep up - try to find something that's about to launch, prepare, follow and mine the hell out of it for a couple of days. You might get lucky and make bank. I made $20k off octa in two days of mining and about the same from IXI over a longer period. Be prepared to HODL. Shit is out there, you have be patient and willing to hodl.
>GTA 7 In 2040? You clearly have no idea what you're talking about. On a serious note, I believe the size will eventually get bigger. Not sure when though. Many people including myself have PTSD from [the Blocksize War](https://youtu.be/6YtS5ZNuuTw) and it'll take a lot of effort to do it right but it eventually gets done. Now, it isn't only about the cost of a drive, bigger blocks will need more CPU, RAM and faster internet connection. So the cost of running a node will get higher. But once we see the ability to run a node on cheap android (or hopefully Linux) phones, the size increase will make much more sense. Note to the bcash shills reading this, thinking why not using their shitty fork instead. Because the vast majority of the network will have to agree on the increase. Not a scammer Roger posting a tweet about the hardfork. That's not how decentralized system works. And yes, your dying shitcoin will be obsolete.
There are smart ways to implement it. Currently there are around 170 million UTXO. If you use hash map with a relatively short hashes (RipeMD160/sha256) you can achieve around 5-10 billion checks a second on a modern 32 core CPU (AMD EPYC). Hash map will occupy around 20GB of memory.
That post is extremely misleading Super-computer are general-purpose CPU/GPU that can do many kind of theoretical calculation while the BTC network is only composed of rig incapable of doing anything besides computing the SHA256 hash of a string Your chart compares two completely different things
Full bullshit Bitcoin ASICs are ultra-specialized chips that ONLY do SHA-256 hashing. That’s it. They can’t do addition, multiplication, handle RAM, or literally anything else. It’s like comparing an electric can opener to a Swiss Army knife and saying “look, the can opener is 1000x faster at opening cans!” Yeah, but that’s all it does. A modern supercomputer can execute billions of different instructions per second, run complex scientific calculations, physics simulations, machine learning… The entire Bitcoin network wouldn’t even be able to properly emulate a single CPU core due to network latency. So yeah, technically the Bitcoin network processes more TeraFLOPS… but for ONE cryptographic operation only. It’s like saying a factory that only makes bottle caps is “more productive” than a car factory because it outputs more units per hour. This impressive-looking metric means absolutely nothing in practice. It’s just basic crypto marketing to impress people who don’t understand the tech. This comparison is completely bogus IMO.
That dude developed GPU mining of Bitcoin and did the 10,000 thing many times over... Around 70,000 Bitcoin... He had mined so much Bitcoin that Satoshi was bothered about it and as such Laszlo did some heavy spending... Redistribution so to speak... Pizza guy was on a very short list of top Bitcoin people back then. He knew the significance and documented it. He certainly didn't realize the future value significance! He is largely credited for having started some frame of reference of value for Bitcoin! Beyond expanding from CPU mining.
The one that is titled "A Peer to Peer electronic cash system ?" It was not intended to be like gold. But I'd be curious where in the white paper you are confidently referring. Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
I cant find any tool that can check passwords with GPU. I use btcrecover but it use CPU and its very slow 1000 p/s. The GPU option in btcrecover doesnt work for me/my wallet. Any suggestion for gpu tool besides hashcat?
100% CPU means 100% fans. I tried this back in 2010 and this was a fucking boing screaming in my chamber.
Imagine a desktop tower PC from 2008-2009 or so running 100% across both CPU cores 24/7. Fans screaming at full speed incessantly. That’s not tolerable for most people, as most people expect their machines to be whisper quiet the majority of the time.
How fake can that be ? MIning was done on CPU back then.
First heard about it on Slashdot in 2011. Didn't give it much attention because: 1. Eats up CPU cycles with unlikely benefits (at least protein folding seemed more useful) 2. P2P. Didn't like the idea of randos connecting to me and eating up my precious bandwidth 3. The blockchain was already eating up a fair bit of disk space. Didn't want to give up my hard drive for that 4. It seemed like a more complicated version of a service Paypal was already offering Kept tabs on it over the next few years. I started to recognize the value but Mt. Gox was sketchy AF. Silk Road held appeal to me and didn't seem likely to ever be of use. I was right on both fronts there.
Check out the original white paper: https://bitcoin.org/bitcoin.pdf Original website: https://web.archive.org/web/20090131115053/http://bitcoin.org/ "Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through financial institutions. Digital signatures provide part of the solution, but the main benefits are lost if a trusted party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as honest nodes control the most CPU power on the network, they can generate the longest chain and outpace any attackers. The network itself requires minimal structure. Messages are broadcasted on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone." -bitcoin.org, 2009
You can find this post to help on how to get XMR https://np.reddit.com/r/Monero/s/nTOOin13JR Also it is easy to mine XMR with a CPU running in the background
I needed 1BTC to pay for membership to a newzbin search service. It was $10 ! Naaah I thought. Can’t be assed. Would have taken a month to mine on my CPU (!!) at the time.
Solo mining is not really helping the network, or yourself. The chances of ever hitting a block is far too small on the thinnest edge of nonexistant. Better to join a pool that i ethically in line with your goals so you have a chance of getting your voice heard and helping diversifying the mining and direction of the network. The network needs - transparency in transactions policies - transparency in miner voting procedures - miners taking part in the voting - well connected bitcoin nodes with sufficient RAM and CPU for relaying transactions and blocks - well connected Bitcoin nodes with storage for whole Blockchain to seed new nodes joining the network - public electrum servers - more users running their own electrum servers shielding their wallet privacy It is quite sad that then Bitcoin Core have killed the idea of SPV. While I understand the reasoning, SPV Bloom filters have great potential compared to.Electrum. I much rather had seen the above list include the option to run a SPV enabled node (bloom filters + txindex) but today that is not a viable option for BTC.
#SickandBullish Come and check out our cult and fun vibe in the Tg channel. Fully transparent and doxxed dev (Josh) almost never sleeps. Some say that when he sleeps, his hands are still writing code and that the CPU of his desktop is cooled by the tears of a Sick Buffalo.
The CPU compute can be used for anything really. At one stage it was estimated that QUBIC had more compute than el Capitan the fastest super computer in the world. With that kind of compute it can be outsourced to companies to do whatever work they want.
That is the whole idea. You can't train an AI with ASICs. The purpose is to collect most CPU compute and use it to train QUBIC's own AI and not rely on Nvidia GPUs supply bottlenecks. Everyone can mine with a CPU.
Is it cool to mine Monero on free CPU time? Think it’s posible to take over the network?
Vitalik has already gone against Trumps views multiple times and wants nothing to do with him or his party. Now lets be honest, nobody here is for the tech and were all here to make money. Solana or any other chain will jump to kiss the ring and get the mega pump that Eth should receive. Vitalik is to autistic to play ball and needs to get better at public affairs. BTC has Sailor and Eth needs someone to push the narrative forward. The 5k/10k narrative can be real, but Eth really needs someone that can push that narrative to the public. right now "BTC is digital gold" is the easiest sell. For Eth to hit 5k/10k you need to be able to sell it without explaining blockchains and layer2 solutions to the masses. People invest heavily in Nvidia but can not explain what a GPU does or how it differs from a CPU.
Vitalik has already gone against Trumps views multiple times and wants nothing to do with him or his party. Now lets be honest, nobody here is for the tech and were all here to make money. Solana or any other chain will jump to kiss the ring and get the mega pump that Eth should receive. Vitalik is to autistic to play ball and needs to get better at public affairs. BTC has Sailor and Eth needs someone to push the narrative forward. The 5k/10k narrative can be real, but Eth really needs someone that can push that narrative to the public. right now "BTC is digital gold" is the easiest sell. For Eth to hit 5k/10k you need to be able to sell it without explaining blockchains and layer2 solutions to the masses. People invest heavily in Nvidia but can not explain what a GPU does or how it differs from a CPU.
A) due to its restrictions it doesn't have the kind of futures/derivatives markets of other bluechip alts which tend to lead to manipulation/trend reversion properties B) it is more quantum resistant than other cryptos (even if the threat is overstated). the devs also have a culture of innovation/regular hard forks which could adapt to potential crisis C) mining is much more democratized due to an ASIC-resistant mining algo--anybody can still mine XMR with an average CPU. this relieves some sell pressure as big players aren't selling to fund huge energy intensive operations D) many people see the writing on the wall when it comes to censorship in the West. other cryptos have reasonable privacy features (LTC with MWEB) but Monero is the gold standard. Many bright devs made their way over to XMR from BTC and it fulfills BTC's original ethos in many ways go ahead, buy some XMR 😎 cake wallet makes it super easy to swap from LTC or whatever, no exchange necessary
Exactly. The fact that they’re still far from maxing out CPU utilization shows how much untapped potential there is. Once full utilization kicks in — not even counting future CPU inflow or algo tweaks — 500–800 MH/s is absolutely within reach. Add Tari merge mining and potential GPU deployment, and it's clear this could easily go over 50% of Monero's hashrate. It’s not just about mining rewards anymore. At that scale, the influence extends to consensus and long-term network dynamics. Don’t sleep on this.
Is it far fetched? Just make sure you give miners highest revenue versus others. In Qubic this is possible because PoW for the network itself is not needed for its security directly. Qubic is interested in both CPU and GPU computing power. ASICs make no sense because algorithm will change very often. Regular hardwire will win, see it as BOINC but with profits. Anyone can now mine with your (idle) home computer and get some profit.
Looking at the Qubic discord it seems they chose to mine XMR because its was one of the most complex to try and mine via POW and CfB stated if it was successful they would be able to mine any coin and also because it's heavily CPU mining. Apprantly there's a planned algorithm change in a month which will significant increase hashrate in favour of CPU mining rather than GPU. I've seen on X multiple posts over the last week where the hashrate has increased from 40mhs to now 150mhs. Its impressive to say the least and is looking more profitable than mining any other coins.
Using idle CPU time to mine Monero can be seen as efficient resource use but it risks breaching user trust if not transparently disclosed. Even small deviations from a platforms original mission can hurt its credibility. Reaching 51% hash rate on Monero is highly unlikely without massive coordinated infrastructure.
The man that bought the pizza was Laszlo Hanyecz. Most people today, even Bitcoiners, don’t know that name, but he was the first miner to use a GPU (rather than a CPU).
This man is famous for those two pizza, but this man wrote the first code to mine btc with GPU instead CPU. Good pizza day to everyone
Why is it not decentralized? I can run a mining node from my computer and it doesn't require an ASIC or powerful GPU, just my CPU and I'm contributing to the network. It is cash because it is fungible and works like paper money. No one is going to know my transactions history or any other information.
It can only be mined with CPU. RandomX is Asics resistant and quantum proof in some aspects
I started mining BTC on my gaming PC (with a mining pool) in 2011. It was profitable to mine on the CPU and on both GPUs, and over a period of about 6 months I had mined about 5 BTC, worth about $2-3 each. Everyone I talked to about it at the time was interested in the blockchain tech itself, and about how it could disrupt the entire finance industry. Sure we were making some money with our gaming PCs, but it was small change and we had no idea how valuable it would become. I ended up spending 6 years in prison (late 2011 to late 2017) so I was forced to HODL for that time. In 2020-2021 I sold a good chunk of my BTC ($30k-60k range) and put it toward building a house. It's crazy that we're in the $110k range now, but it looks like we still have a long ways to go before we hit the top. I wish I'd mined or bought more BTC way back then, but I'm still grateful that I've done as well as I have with it. I'm still a whole coiner 😎
The timing is really good actually. Akash does CPU compute, some others & Nvidia ofc doing GPU compute, so I could see Acurast could pick up a monopoly on mobile compute. Big for local AI inference, key to privacy, also on trend.
It won't be much, the oc will be loud and hot if you do. CPU mining is monero, you could use other coins but that would be the best overall imo GPU, Fark not much there and not for your situation. The PC will be slower to use if you mine and dual mine. Not worth it tbh.
I heard about the wear on Hardware, but isnt it pretty much Limited to the GPU ? Thought thw CPU would be much more resistent to wear Like that
Check out : https://bitvmx.org/ BitVMX is a protocol designed for trustless, bridgeless interactions on the Bitcoin network. It enables a virtual CPU to optimistically execute arbitrary programs, which can be used to facilitate various functionalities, including trustless bridges. Here's a breakdown of how BitVMX relates to trustless bridgeless transfers: * Trustless Bridges: BitVMX is designed to build trust-minimized and permissionless bridges, as seen with the UNION bridge connecting Bitcoin and Rootstock. These bridges aim to eliminate the need for central authorities or intermediaries by using cryptographic proofs and dispute-resolution mechanisms inherent in the BitVMX protocol. * Bridgeless Interactions: The core concept of BitVMX is to enable complex computations and verifications directly on the Bitcoin layer without requiring assets to be moved to another chain. This suggests the possibility of "bridgeless" interactions in the sense that you're not necessarily transferring assets to a separate blockchain to engage in different functionalities. Instead, the logic and verification happen within the Bitcoin ecosystem itself. * How it Works: BitVMX uses a challenge-response system where a "prover" executes a program, and "verifiers" can challenge the result if they suspect it's incorrect. The protocol uses hash chains of program traces to simplify the verification process. In case of a dispute, a specific part of the computation can be checked on-chain. * UNION Bridge Example: The UNION bridge between Bitcoin and Rootstock leverages BitVMX's dispute-resolution model. Users can lock BTC on the Bitcoin blockchain, and an equivalent amount of RBTC (on Rootstock) is released. This allows users to interact with DeFi applications on Rootstock using their Bitcoin, with the process secured by the trustless mechanisms of BitVMX. In summary, BitVMX is a technology that enables the creation of trustless bridges and facilitates trustless interactions within the Bitcoin ecosystem, potentially leading to "bridgeless" functionalities where the need to move assets to other chains is minimized or eliminated for certain use cases. The development and adoption of BitVMX are ongoing, with initiatives like BitVMX FORCE aiming to standardize and enhance its capabilities for the Bitcoin network.
The first disruptive thing I'd do with a sufficiently powerful quantum CPU is destroy the entire financial system by stealing every penny from everyone's bank account. I'd lose interest in crypto at that point.
>Its not about the bandwidth , more about the blockchain size. keeping decentralization gets difficult with extreme blocksizes. have to balance the trilemma. what say you monerofolk Actually bandwidth is the greatest limitation to scaling extreme blocksizes because unlike flash memory and CPU processing power it is not simple for consumers and small business to purchase additional bandwidth.
Setup Umbrel as a dedicated Bitcoin Server with Bitcoin/Lightning only stuff. Don't mix it up with other home server things, but use a different machine for these things. Security-wise it's better to reduce the attack surface, that's why. Other than that Umbrel works quite well and it's really stable. Go with a 2Tbyte SSD for the bitcoin things though. Make sure to have at least 8 gigs of RAM, 16 still better. Also make sure your CPU is at least a generation 6. CPU. I am testing different Bitcoin node suites for some years already. If you have further questions feel free to head back here.
Bitcoin's network will become insecure within 20 years because of it's failed security budget. Transaction fees will not provide enough financial incentive to continue mining and securing the network. Monero on the other hand, with it's energy efficient CPU mining and tail emission, will continue the provide the financial incentive required to secure it's network indefinitely.
I can explain it very easily. It is all built on the innovation to control a computer platform by majority vote. Just like your country is controlled by majority vote. "Crypto currency" is only hard to understand because people misrepresent it. In your country, you elect a government that is the central authority for a "block" of 4 years (the alternative is to always have the same central authority, i.e., a king or dictator). In "blockchain", a "central authority" is elected each "block" of N units of time (10 minutes in Bitcoin). The alternative there too is to *always have the same central authority* and this is how all computer platforms so far have worked, i.e., they are equivalent to a "king" or "dictator" in terms of control. The election of the central authority is by a sort of "indirect majority vote", based on how many "votes" you have (how much CPU power in Bitcoin or how much coins in Ethereum, and in the future, how many people-votes you have) you have a probability of being elected the next "block". In nation-state, it is instead the one with the most votes always, but in "blockchain" you instead have a chance of being "elected" even if you just have a small number of all "votes" but it is less likely.
Monero is a great CPU minable coin but, isn't usually profitable unless u have free electricity. But It is the cheapest way to buy monero and the best way to support the network. Also if ur looking to build a rig for it yesteryears epyc cpus can be gotten for pretty cheap on ebay and for a few hundred dollars u can get a pretty good hash rate.