PSA: current mining hashrate (monero.town)

submitted 5 months ago* (last edited 5 months ago) by baz@monero.town to c/monero@monero.town

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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

[3] https://cointelegraph.com/news/monero-community-concerned-as-leading-mining-pool-nears-51-of-ecosystem-s-total-hash-rate

[4] https://p2pool.io/#pool

~baz

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[-] Scolding0513@sh.itjust.works 3 points 5 months ago

I'll spin mine up tonight :)

[-] ReversalHatchery@beehaw.org 2 points 5 months ago

Does it also help with the distribution if we just mine standalone?

[-] shortwavesurfer@monero.town 4 points 5 months ago

Yes, but why would you do that instead of joining P2 pool where you can actually get earnings decently often?

[-] ReversalHatchery@beehaw.org 0 points 5 months ago

I was just interested. Also, after this response it's more clear to me that this post is an ad.

[-] tusker@monero.town 3 points 5 months ago

It 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@monero.town 1 points 5 months ago

Fair enough, but an ad for something that it makes its total sense to use anyway.

[-] ReversalHatchery@beehaw.org 1 points 5 months ago

I'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@monero.town 2 points 5 months ago

All 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.