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
I’ll spin mine up tonight :)
Does it also help with the distribution if we just mine standalone?
Yes, but why would you do that instead of joining P2 pool where you can actually get earnings decently often?
I was just interested. Also, after this response it’s more clear to me that this post is an ad.
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.
Fair enough, but an ad for something that it makes its total sense to use anyway.
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
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.
If 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
