/biz/ - Business & Finance

Great article on how market manipulation works:
https://financialpost.com/business-insider/the-secret-trading-strategy-from-the-1930s-that-hedge-funders-dont-want-you-to-know-about-2

Guys, my hands are getting weak. XMR is now 19 on cmc. It was 15 like two days ago! Wtf?

Please i need some whitepills

Anyone does use cloud (Azure/AWS/FCP) to mine using Free Trial?

>>26413880
I Often see ppl scream manipulation and suppression in these generals. Have those ppl never checked coinmarketcap? Many literal pajeet shitcoins have higher market cap. Crypto market is retarded as fuck in the short term, no manipulation required

>>26414209
Just sell and be free ;)

Monero and BTC are the only not retarded longterm holds in crypto change my mind

>>26414406
What about eth and link?

>>26414406
>Btc
>Long term
For what reason? It's a useless currency, pure speculation

>>26414209
monero its a nice currency, buy it to get stuff from darkent, thats it
monero works the same if its worth 3 dollars or 200, its used to buy stuff priced in dollars

>>26414369
Why do you tell people to dump?
Did anything happen to make xmr fall? I couldnt find any news.

>>26413120
>tuff from darkent, thats it
>monero works the same if its worth 3 dollars or 200, its used to buy
not selling until monero is the reserve currency of the world.

>>26414455
With stuff like AVAX existing it's only a matter of time until Ethereum is dethroned. Sure it has first movers advantage but other projects are doing the tech way better.

As far as LINK goes, idk man. I just don't see it mooning to like 1k any time soon. Maybe I'm wrong though.

>>26414506
BTC is king and will always be king. That's just the sad reality of crypto.

>>26414209
Just sell, faggot.

>>26414523
What darknet seller will send me a noose.
Hopefully my xmr stack will still afford me the purchase.

>>26414604
I think btc could fail if china pulls off a 51% or if people learn about the transparency issue.

>>26414334
whales are artificially stimulating demand to create buying pressure, and then dropping out and letting the moonboys take over. They do the same thing when trying to suppress value too by creating sell walls and therefore selling pressure.
These shitcoins with big marketcaps are mostly scams that will pump and dump. Monero is one of the only cryptos with actual fundamentals, which is why it is so odd that shitcoins are pumping in unison and Monero is just slowly moving on its own accord. The logic here is to ignore the white noise and to continue accumulating, as we know that Monero is arguably the only cryptocurrency actually growing in adoption, or at least the only crypto taking over Bitcoin's marketshare.
check out the article. Things make a lot more sense when you consider the powerful people who are operating behind the scenes.
>>26414209
read the article I posted, and then go look at r/darknet
>>26414604
>BTC is king and will always be king. That's just the sad reality of crypto.
A monero chad once said that "Bitcoin is like real estate" and I think this is a pretty fair assumption.

>>26414682
Fuck you. I'm going down with this ship

>>26414761
Bitcoin IS real estate
XMR stands for what people think bitcoin is
it's not even digital gold
XMR is cash

>>26414822
based and checked
this ship ain't crashing though my brother

>>26414863
I hope you're right.
>>26414761
Ill try reading the article, but maybe you could post a tiktok next time

>>26414209
>>26414369
>>26414682
Listen to them, anon. sell it to us.

>>26415044
Not yet

>>26415674
based.

>>26414209
1. filter for "minable", because you believe that working for the networ (PoW) instead of owning the network (PoS) should be profitable
2. ignore all projects based on the bitcoin codebase, because you know that maginal improvements are not good enough to break the leading choice (btc), but you need a 5-10x improvement

This leaves you with the real top list:
BTC
ETH
ADA
XMR
FIL

>>26414822
No worry. Pic related.

>>26416530
wow very well put, anon

bump

I hate to say it but this isn't the first time Tezos has been worth more than XMR. Hopefully it'll be the last though

>>26417695
Yeah, crypto is such a meme sometimes.

Fuck the marketcap boys. Bitcoin, Ethereum, and Monero are the only non-dogshit BTC-fork/Proof of Stake/Stablecoin/Exchange token ERC20 funny money that exist now in the "top 20." The metric is completely dogshit. Chainlink is "maybe" the only other crypto fundamentally worth a damn in that grouping and it's still just an ERC20.

Firo is currently suffering under a 51% attack
https://miningpoolstats.stream/firo
and Monero will suffer from one soon too.
https://minexmr.com/pools.html
Note that both of these attacks are from solo miners at 2miners.com
If you have a decent computer, I suggest you start mining now.

>>26414524
It has very strong bearish momentum. It failed to break through 160 like 10 times. So now the bears are testing for strong support. Currently the bears are still very much in control having set up a new resistance at 140.

We will likely dump even further towards 100 until a strong support can be found. The absolute lowest we will will go is around 50. Which would be lame since it would set a long term bearish trend.

>>26418862
this is really interesting. My node has been firing off talking about an increase in hash rate, which appears to be the case.
Monero chads be on standby.

>>26418862
If an attack where to succeed resulting in double spends you can be sure the devs would roll out a hard fork the very next hour. Costing 2miners a lot of money for no gain.

A new algo would prob also be pushed out rapidly.

This might actually explain the huge price drop of XMR. People in the know getting out

HOLY FUCK, read this article if you want to know what the fuck is going on:

https://www.coindesk.com/privacy-coin-firo-currently-experiencing-51-attack

Now look at this chart: https://minexmr.com/pools.html

2Miners are trying to do the same to XMR as they did with FIRO, the price has dumping so hard because 2Miners are dumping huge bags of XMR and are then trying to rollback the damage with a secret chain they mined.

Jeezes christ monero's network is about to experience it's biggest attack yet. Positive point if they fail XMR will recover upwards after.

>>26418862
oh fuck, this is bad. I've an i5-4210 and a i5-9300, both laptops, and togehter they can contribute 2.5-3kH/s. It's not much but all I can offer.

Never mined before (not economical for me), is there anything I need to consider? What's a good pool to join to recoup some electricity cost?

>>26418862
Fuck. How do they have so much hashpower?

>>26419511
>>26419933
the price drop was because of bittrex/desliting fud. We have still held in our accumulation region while Bitcoin rose higher.
Current market transactions indicate that things are normal at the moment. I believe this happened back in August as well. 2miners is a mining pool, so it isn't a solo miner.
Going to have to monitor this though of course.

>>26420485
It's not the pool

>>26419511
>>26419933
>the price has dumping so hard because 2Miners are dumping huge bags of XMR
Well no, I'd attribute it more to XMR prices following BTC (which nearly every coin does), but if this attack were to be successful naturally the price would fall and you could buy more XMR ;)
>>26420228
Anything not 2miners would do, but minexmr.com has the lowest fees.
>>26420384
This is what's mind boggling about all of this, they probably bought up a bunch AWS servers which aren't cheap! (unless they're abusing free trials somehow)
>>26420485
>2miners is a mining pool, so it isn't a solo miner.
Unfortunately, in this case (and in Firo's case) it is https://2miners.com/solo-xmr-mining-pool

>>26420597
oh i see, thanks for the clarification

>>26418862
>Monero will suffer from one soon too.

Unless the botnet has more hashrate in the bag, a 51% attack is out of the question. The network hashrate seems to have leveled out, at least on the daily chart. The miner only controls about 42% of the hashrate. They are going to have a tough time getting to 51%, and the attack will only last as long as their botnet isn't shut down.

>>26419459
Don't just be on standby. If you have a halfway decent computer, mining will help the network immensely. Every little bit counts. If you have a i7 4770k, that counteracts like 6 boomers installing the botnet malware on their computer.

>>26419511
>devs would roll out a hard fork the very next hour.

This is unlikely unless he has 51% for a long time. Because of the opaque blockchain, the only thing they could really do is rollback the entire blockchain from the point when the attack started. This would do more harm than good unless the attack is severe and extensive.

>A new algo would prob also be pushed out rapidly.

I doubt the guy's botnet will be up for longer than it would take to roll out a new algo. We've seen botnets on this scale 3 times in the past year, and they didn't last for more than a few days in each case.

>This might actually explain the huge price drop of XMR. People in the know getting out

Again, this kind of event is nothing new. His hashrate isn't increasing anymore, so it looks unlikely that he will get 51%. It will shake out weak hands and nothing more.

Haha it’s really amazing token

>>26420828
>The network hashrate seems to have leveled out
I too hope it stays this way, but his hashrate did level earlier today before receving a major boost (presumably from buying more AWS servers).
Though it looks like his hashrate is dipping? So maybe he's given up? If Monero survives this it would be a pretty nice boost to the price.

>>26420828
Pretty crazy they can spin up 42% of hashrate in one day, that's scary. On 191 workers, how does that even work?

>>26421217
what does workers mean?

>>26419933
Me dumdum.
Please elaborate.

>>26421217
>On 191 workers
Those 191 worker's aren't all him either, there are 83 other legitimate miners in that solo pool.
>>26421239
Number of mining clients

>>26421261
Big scary orange line go up? Monero price go down
Big scary orange line go down? Monero price go up

This coin is only worth it if you’ve already made it or are about to make it

... i-i-i'm going to make it right bros?

>>26421392
yes.

>>26414209
Monero may never go up in value if the adoption rate increases only at the rate of minting.

Someone post about the attack on Reddit pls

>>26420828
At one point the miner controlled 46% of hashrate. He backed off for now because he saw he could not make it. But it was only a few percent off.

He will likely be back with more hashing power. This little attack cost him a lot of money hopefully.

>>26421797
No point, the attack seems to be stopping.
Attacker went from 1.27 GH/s to 893 MH/s

>>26414406
XMR has infinite supply, and utilizes antiquated technology. not a solid longterm hold.

>>26421857
He literally pushed over 40% in under a day, we need more miners before he tries again. The community is literally sleeping on a 51 attack Wtf

>>26421922
inflation will fall to zero.

>>26421922
It uses technology that has never been cracked yet. And the inflation rate is better then fiat.

>>26421998
Kind of, it depends what his intentions are when he has the 51 percent.

>>26421797
r/moneromining has a thread on it.
>>26421851
yeah a mining attack is something that needs to constantly be monitored for.

>>26422050
Obviously he doesnt have good intentions

Why dont we just raise the attack requirement up to 60% or even 70%

It would make it more difficult next time.

>>26418862
I've been worried about this for months now. The majority of XMR's hashpower sitting in two pools has always unsettled me.

>>26416530
Honestly one of the best posts on this God awful board. Orange ID too

How much does it cost approx to run a 51% attack?

Well that was... interesting. 2miners is down to 650 MH/s
>https://solo-xmr.2miners.com/
Hopefully this will serve as a reminder to try and support smaller pools

>>26416530
Can someone explain why PoS isn't favorable?

>>26423180
Nvm was looking at their chart instead of the updating ticker, it's levelling out at 570 MH/s it looks like

>>26418862
I've been mining for weeks now.

>>26422733
Can't be raised. It has to do with math.

>>26422858
1000 or more prob

>>26423356
Will likely dissapear could be that was just a test run to see if it was feasible to perform a network attack. Hopefully it was not a test run and he just ran out of money or gave up

>>26416530
Can someone redpill me on filecoin please. Honestly I think our little
XMR community here on /biz/ is comfy af. Thanks im advance anons.

My Reddit post is waiting approval, once its on there Well have some more support

>>26423630
Filecoin's about decentralized storage infrastructure, same type of stuff as what IPFS is doing generally. Decentralizing the web is a pretty admirable goal

>>26423630
good idea but it has a lot of problems. made a lot of filecoin miners and chinese investors very angry.

>>26421347
we dum dum do anything to stop or we just sit back watch outcome?

>>26424252
Start mining

>>26423534
Dude on the mining reddit just reminded me of something I recalled happening a few months ago. Some guy spun up a shitton of AWS servers, mined for a few days and then shut them off, this could just be that he's returned

>>26424275
That's kind of what I figured. I don't really have a mining rig or anything. Is there any cheap shitter way to start mining without much capital?

>>26424355
Yea it just happens to be 3 days after zcash got rekt. Are u retarded? It was An attempted attack

>>26424355
I doubt aws servers would be enough to get to this hashrate. It's most likely a botnet

>>26424535
Zcoin**

>>26424535
I'm not saying it's not an attack, I'm just noting that something similar happened in the past
>>26424563
Actually I think that's what was being theorized at the time, come to think of it

>>26424500
Any pc cpu can mine, u don't need a rig at all
>>26424355
>>26424535
>>26424627
Fuck Im triggered. How is this not front Page on Reddit. We would get rekt without even knowing

>>26424722
A couple of XMR devs (selsta, hyc, gingeropolous) have been talking about it on IRC.
>https://monerologs.net/monero-pow/20210123

>>26422733
lmao

>>26424805
Ok so guess it wast really a problem according to Reddit and irc. Still really weird tho

>>26425676
Whatever the intention of the guy he has given up for now.

>>26414523
Replace monero with bitcoin and pretend it’s 2014-2015. Congrats, you didn’t buy any cheap bitcoin using the exact same logic, retard.

>>26423534
1000 of what

>>26425761
Why didnt this drop
Is he moving it to private to run An actual attack?

>>26425941
Not sure what to really make of that. Maybe he's spreading out the hashpower to other pools? Hashvault's mining power spiked around the same time

I want to rich wiht my Moonero bros

>>26426156
Looks like the graph didnt update yet.
Anyway guess were fine, just really scary that someone can spin up so much hashrate that quickly. It was on chain mining so not the bad kind, for now atleast

Rubic listing XMR. >>26426294

>>26426531
>wrapped XMR

>>26426628
>>26426531
Yeah I just read this aswell. Thought they had cross chain swaps? Is this coming later? It would be based as fuck if it was real XMR

>>26426628
>>26426678
its a p2p swap, you leave an order up and then someone comes and fills it. Yeah sorry it is WXMR but you can still redeem XMR from it at BTSE or something?

>>26426678
Atomic swaps are coming much later. The team is clearly afk

>>26426678
The ceo said they can't do native XMR because it would require some sort of smart contract functionality on the XMR side. That would be cool though.

>>26426845
ah yeah, I was referring to Rubic though, in alot of their propaganda they have cross chain swaps advertised, but I might have misunderstood it. >>26426870 explains it I think

Should I mine this on CPU if I'm already mining ETH on GPU? Ryzen 5 3600 here, H/s seems to be 7300
Or is it not recommended to use both GPU and CPU?

>>26427307
Yes, mine xmr on 10 threads on your cpu. Your pc is still fully functional for desktop work, it's what lm doing on my 3600

>>26427446
Great, thanks, I'll try and see

What pools do you guys use? I'm currently on moneroocean but thinking of switching

>>26428373
I use that too, and i've seen other anons using it. Seems decent enough.

>i wish for Monero to remain anonymous forever
>nobody buys because they cant find out about it

>>26413120
MY CAKE WALLET GOT HACKED
I LOST 831 XMR WTF BIZ YOU TOLD ME CAKEWALLET WAS SAFE

>>26429353
Trolling, right mr flexing whale?

>>26429353
You should send me 1 xmr.
That way you can have a nice round number of 830

>>26429353
not your keys not your coins

if you're not larping i guess you learned your lesson to use the official wallet on a trusted device next time if not just cold storage/paper

>>26429454
Does this look like trolling?

>>26429353
tell the hacker to sell all of it so we can buy more lower

Couple hours ago the "unknown" hashrate on minexmr's pools chart was 330 MH/s (15%), I check back and now it's 886 MH/s (39%). Network hashrate is pretty much unchanged. Something's still happening, huh?

>>26429353
I was there when you posted your balance 2 days ago and said you bougt 31xmr more. I reminded you that your amount should be unknown.

Yesteday you braged again, other people told you the same thing. You were also told: mobile walet? ngmi.

We tell those thing for a reason, not only the memes. Puttink 100k on a phone w/out a hw wallet is retarded, and you knew it. Don't blame it on cake, the app is fine, you kust somehome managed to leak your keys.

congrats if you're just trolling, i fell for it

>>26429651
You sent it to a Paper wallet

>>26429642
>>26429668
>>26429809

>>26429651
Yep

Feeling comfy on this fine evening fellow XMR-Chads. We're all gonna make it.

Bump for freedom

>>26426845
Atomic swaps are already done. Problem being the Monero community trusted the wrong team. Farcaster should be canceled and the money reallocated to team COMIT they could have this shit done in a month or two then audit BAM 3 months top all in all. They even expressed interest in making app to make it all work. Of course they want to be paid for it...

Farcaster is a failure and must be cancelled. They literally achieved nothing their spec is not done and they keep organizing retarded logo competitions. They clearly chewed off more then they could bite better to just let them go.

>>26426870
It is possible. Check out COMIT. They did it with BTC. If it works there it can be ported over to other coins with script functionality.

By the way anons, the attack is still going:
https://minexmr.com/pools.html
He restarted, except this time he isn't using any pool (see the "unknown" segment on the pie chart). It took him a bit but he's back up to 41%

>>26430922
Good. He is likely bleeding money right now. Hopefully it falls apart.

>>26430922
Or maybe he is running a botnet who knows either is positive. As long as the fucker stays under 51.

Poorfag noob here, will there be cheap xmr if he gets that 51%?

>>26430922
Interestingly enough though, my node last reported suspicious activity 4 hours ago, so it looks like he has been put onto the ban list.
>>26431082
> maybe he is running a botnet
Unlikely, it's probably a fuck ton of AWS's

>>26429353
You kept XMR on a hot wallet?

>>26423534
>$1000 or more prob
>for a 51% attack
>on an ASCI and GPU resistant coin
>on a strong network
lol, no. this attack probably costed 300k, minimum

>>26423298
Bros I need to know this. Why isn't PoS good?

>>26431158
Bit more complicated. I think this guy dumped shitton of XMR on exchanges. And he is trying to get 51 percent and reverse his transactions by creating a longer chain.

Same thing happend to Firo, ZChain

>>26431421
Damn that is a lot of money hopefully he fails again.

>>26431553
However if he spend that much on trying to reverse it it means he dump millions of XMR most likely. Which explains the recent price dumps.

>>26431421
How can the costs of running an attack like this be calculated?
>>26431553
Well, it doesn't look like his hashrate is getting any higher than it was the first time around

>>26431668
weren't they caused by bitcoin falling off ?

>>26431421
he didn't say a unit, you assumed that part
maybe he meant 100 xmr

>>26431805
1000*

thread still comfy

>>26431765
BTC certainly has some effect but in the previous crash XMR gave 0 shits. The huge price dump followed up by this tremendous increase in hashrate is odd timing.

Lastly it could be that he profited of doing this in elekricity -> XMR but I strongly doubt that.

why are whales always such faggot

Just spent 40% of my paycheck on XMR

>>26432586

>>26430798
>They literally achieved nothing their spec is not done and they keep organizing retarded logo competitions. They clearly chewed off more then they could bite better to just let them go.

FUD. Farcaster relies on Taproot implementation from BTC, which they will only release this year. You can't make it quicker. And a logo competition is good, something the community can do while the devs focus on the actual job. now gtfo

>>26432130
You need to relax anon.
There is no proof this is an attack. This same miner appeared in august. We don’t really know anything other than this individual us access to a lot of hashing power. For all we know, he’s just mining monero every so often to make money because he knows of an exploit.
Moneros price dumping recently had literally nothing to do with this.

>>26432586
monegro

>>26431727
>How can the costs of running an attack like this be calculated?
Well, if my 24-core cpu hashes at 14,136.5 H/s, that means each core hashes at 589 H/s.
Now, at his peak he was hashing at 1,272.44 MH/s or 1272440000 H/s
If we assume each core was hashing at around 589 H/s this means he has 216,033 CPU cores at his disposal....
And putting these numbers into Amazon's AWS estimate calculator shows that the cheapest configuration would be 3,000 instances of the c5.18xlarge, which has 72 cores....
The total comes out to be $47,277,720...

Either Amazon's severs have a much better single core performance than my 3900x, or Amazon AWS has been hacked again....
If someone has access to a AWS sever, could they please run xmrig and tell us the hashrate per core? Thanks.

>>26432998
3900x is 12 core not 24, each core is doing around 1.2 KH/s

First time buyer here. Now I understand what this "comfy hold" means. There's just something different about all this. I feel like I've already in a sense made it, just by having my unknown amount.

>>26433430
12 cores, yes, but 24 threads.

>>26432677
What the fuck are you talking about you retarded nigger. There is no garuantee that shit will be implemented look at my segwit ffs. Still only 66% adoption.

>Let's wait a whole year to do something slightly different when we can make it work now

Also they literally did jack shit. Nada. A logo competition means nothing will come of it. Ever visit /g/? Everybody want to make shitty logos nobody the actual product.

Nothing to do with FUD Farcaster is vaporware tier and COMIT fucking works. Right fucking now. I care about results as should you.

>>26433517
xmrig doesn't really benefit from the second logical thread at all. if you've (for whatever reason) changed the default config manually to make it utilize all 24 threads, try setting it back to the default (for your cpu) of 12. you should see the exact same hashrate.

>>26433486
it feels good, doesnt it, anon?

>>26433486
Based. Welcome to the family anon. We are glad to have you.
If you like this comfy feeling, we recommend hosting a node, mining, or contributing to these generals at your convenience. The more xmr chads on biz the better.

>>26433699

>>26433699
although with half, it is 737.7 H/s

>>26433570
you know it works already on the testnet?

>>26433699
With 12 threads it's ~737.7 H/s per core, or 8,852 H/s overall.
With the full 24 threads it's ~583 H/s per core or 14232.1 H/s overall. While not a x2 improvement, it's still considerably faster with all of the threads.

>>26433699
And I actually have to append the -t flag to make it use anything but all the threads. Don't know what version of xmrig you're running on.

>>26435236
>>26435325
you're just using the wrong affinities if it's that low for 12 threads. remove the contens of the rx section from your config and run xmrig without any parameters, it will use the best defaults for your cpu and write it to the config.