Since the dramatic decrease in hashrate[1] on 29/05/24 from ~2.8 GH/s to ~1.8 GH/s as of 01/06/24. This has shaken up the pool distribution[2]; as a result, nanopool now holds ~576 MH/s (30% of the total 1.8 GH/s.)This isn’t a five-alarm fire, but it is mildly concerning. This can potentially repeat the MineXMR 51% scare of 2022[3]. If any of you fine folks would consider mining on a decentralised pool such as p2ool[4], now is the time.
Ps, I am in no way affiliated with p2ool. Happy mining.
[1] https://www.coinwarz.com/mining/monero/hashrate-chart
[2] https://miningpoolstats.stream/monero
~baz
ReversalHatchery ( @ReversalHatchery@beehaw.org ) English3•1 month agoDoes it also help with the distribution if we just mine standalone?
shortwavesurfer ( @shortwavesurfer@monero.town ) English4•1 month agoYes, but why would you do that instead of joining P2 pool where you can actually get earnings decently often?
ReversalHatchery ( @ReversalHatchery@beehaw.org ) English1•30 days agoI was just interested. Also, after this response it’s more clear to me that this post is an ad.
tusker ( @tusker@monero.town ) 3•30 days agoIt is more like a plea to decentralize the Monero mining network, no one is making anything off of p2pool, unlike all the other centralized pools that charge a fee and reduce the security of the network.
Unless you are solo mining you should be using p2pool and nothing else.
shortwavesurfer ( @shortwavesurfer@monero.town ) English1•30 days agoFair enough, but an ad for something that it makes its total sense to use anyway.
ReversalHatchery ( @ReversalHatchery@beehaw.org ) English1•29 days agoI’m fairly new around here, I’m not yet familiar with most monero related services so maybe I didn’t assess it properly, sorry if that’s the case
shortwavesurfer ( @shortwavesurfer@monero.town ) English3•29 days agoAll good. If you have any questions, feel free to ask. If I don’t know the answer, I’ll tell you that I don’t know the answer. But I’ve been around long enough that I know the answers to most of the questions that are common anyway.
xmrvsbeast ( @xmrvsbeast@monero.town ) 3•1 month agoIf you mine on p2pool you can increase your earnings significantly by joining the bonus hashrate raffle @ https://xmrvsbeast.com/
If someone is new to mining and has no idea what is going on they can use this GUI mining kit to get started https://github.com/Cyrix126/gupaxx