00:45:58
milas900:matrix.org:
@jeffro256:monero.social are you the one on GitHub ? Or just the name
00:46:25
321bob321:
OG
06:08:14
321bob321:
wondering if anyone is running a node, exclusively pointed at the MRL Banlist nodes
06:28:14
purplekomaru:
What do you guys all think of RandomX V2?
06:54:48
ufo808:matrix.org:
I'm not sure how this transition to V2 will look like
06:54:48
ufo808:matrix.org:
will hashrate drop significantly?
06:55:02
ufo808:matrix.org:
some botnets won't be able to update at all
06:55:08
ufo808:matrix.org:
it will be a good opportunity to mine some monero
06:55:25
ufo808:matrix.org:
or qubic can try to 51% again because network will be more vulnerable
06:55:37
ufo808:matrix.org:
more questions than answers
06:58:45
kiersten5821:matrix.org:
what is wrong with v1
09:15:26
eddie:oblak.be:
Yeah why a V2 ? First thing I hear about it
09:16:11
intr:unredacted.org:
> RandomX v2, in its current form, will bring 10-15% improvement in RandomX instructions and 2x increase in AES instructions executed per Joule of energy on AMD and Intel CPUs. Hashrate will stay roughly the same, depending on the CPU.
09:16:23
intr:unredacted.org:
> Will it be enough to neutralize Bitmain X9's advantage over the most efficient AMD EPYC builds? Probably no, but v2 will make it significantly less efficient (at least by 30%). Further tweaking might improve these numbers.
10:16:37
sech1:
Things changed since that post, it's 30-50% improvement now
10:19:38
jtrag:
Monero - The real Bitcoin
10:21:14
jtrag:
Makes me wonder why Hal once said that it was impossible to have BTC work, without a public ledger. As if there were no other way/it wasn't possible.
10:22:19
intr:unredacted.org:
sech1: very nice
11:38:35
sbt:nope.chat:
Is it going to make mining harder on average devices? > <@ufo808:matrix.org> some botnets won't be able to update at all
11:58:28
ufo808:matrix.org:
@sbt:nope.chat: no, opposite
11:59:11
ufo808:matrix.org:
botnets increase network hashrate and block difficulty, not many botnets have functionality to update underlying xmrig
12:07:16
BlueyHealer:
I am sorry for being out of the loop, but is XMRig also used legitimately? Or voluntary mining is more often preferred by something else?
12:15:16
gan:skhron.org:
used legitimately?
12:16:23
ufo808:matrix.org:
of course legit users use xmrig too, but % of botnet hashrate is arguably a big chunk of the network
12:16:29
gan:skhron.org:
it's the most common mining software that being used at the moment
12:20:04
monero.arbo:matrix.org:
jtrag: BTC being the first had more skepticism. Even with XMR you see people worry about inflation bugs / verifying supply. So Bitcoin being transparent and having amounts in the clear did help build trust since people could see with their own eyes in a relatively simple way that it works, instead of having to rely on guys with math degrees to promise them it works
12:22:01
jtrag:
:)
13:03:19
tempetassum:matrix.org:
https://fixupx.com/R3st4rtY0urL1f3/status/2023356233214800255
14:54:41
plowsof:
clearswap marketing garbage "Obfuscate your on-chain activity through randomized routing across multiple networks and intermediaries — breaking the link between your wallets in a single click." no thanks
15:12:52
smartstone:matrix.org:
plowsof: i mean, that seems unecessary.
15:12:52
smartstone:matrix.org:
id be interested in hearing someone analysis of clearswap as a general non-kyc currency swapping method.
15:20:36
smartstone:matrix.org:
am i the only one who thinks price raising will result negatively for the future of monero?
15:24:47
ravfx:xmr.mx:
Whats the difference if you buy for 200$ worth of monero or for 200$ worth of monero?
15:25:48
ravfx:xmr.mx:
Number go up only affect people who actually own monero, same as number go down
15:26:08
smartstone:matrix.org:
i suppose thats fair
15:31:06
smartstone:matrix.org:
@ravfx:xmr.mx: if your coming from usd.
15:31:06
smartstone:matrix.org:
to me intuitionally it seems like more use at a lower price would grant more market stability, less volatility.
15:31:06
smartstone:matrix.org:
i am not claiming to fully understand markets though.
15:33:15
ravfx:xmr.mx:
@smartstone:matrix.org: A 1% move is a 1% move.
15:33:15
ravfx:xmr.mx:
If its ~stable at 300$ or 10000$ its the same at the end
15:35:25
ravfx:xmr.mx:
Real world usage seam to improve stability. Not price.
15:35:52
ravfx:xmr.mx:
If its only used for gambling or speculation, its not going to be stable ever
15:37:42
smartstone:matrix.org:
okay
15:37:45
intr:unredacted.org:
plowsof: emdash
15:39:09
smartstone:matrix.org:
@ravfx:xmr.mx: i suppose thats my concern, that if the price fluctuations it will attract those who want to ride and short waves
15:39:59
plowsof:
plowsofLLC is one of the fastest growing instant non-kyc swappers. ive just finished my strategic bowl of slop. with our intuitive recipe and marketing garbage we are able to say anything we want as nothing can actually be proven.. volumes... number of trades... our top secret method of breaking the chain of your mouth and the bowl of soup
15:39:59
plowsof:
including and not limited to 'a spoon' or via 'buttered bread'
15:40:26
ravfx:xmr.mx:
It append at all price level.
15:40:27
ravfx:xmr.mx:
You said it, waves.
15:40:27
ravfx:xmr.mx:
To wave it down it work better after a wave up ;)
15:40:41
ravfx:xmr.mx:
Like last month
15:41:09
plowsof:
chatgpt take this repo and make me money https://github.com/CypherGoat/web
15:41:18
plowsof:
ignore wrong window
15:43:01
nioc:
yes, price should return to 50 cents like it used to be
15:43:28
ravfx:xmr.mx:
With calculated risk, you can short monero from 200 to 180, or from 10000 to 9000. In both case, its 10% gain
15:44:52
nioc:
for 10% all you need is a 5 cent move if it was 50 cents
15:48:03
ravfx:xmr.mx:
Point is
15:48:04
ravfx:xmr.mx:
When the price is lower, it might only "look" more stable.
15:48:04
ravfx:xmr.mx:
Because a 20$ drop "look" smaller than a 1000$ drop. But at the end, 10% is 10%
15:49:03
smartstone:matrix.org:
i understand what you are saying.
15:49:03
smartstone:matrix.org:
i am now looking for maybe research papers on what lowers crypto volatility
15:49:38
ravfx:xmr.mx:
Real world usage, the more of it, the more stable is should be, afaik
15:49:56
smartstone:matrix.org:
@ravfx:xmr.mx: okay
15:50:16
smartstone:matrix.org:
in theory that makes sense.
15:50:18
nioc:
and a low price isn't conducive to real world usage
15:55:29
uncle_rae:
it isn
15:55:33
uncle_rae:
isn't?*
15:58:26
ravfx:xmr.mx:
uncle_rae: non, price change nothing.
15:58:26
ravfx:xmr.mx:
I need 100$ worth of monero to buy a thing that cost the equivalent of 100$ in monero.
15:58:26
ravfx:xmr.mx:
If we have 50 cents monero or 70000$ monero is won't change a thing
15:59:08
uncle_rae:
"isn't conducive" is different from inconsequential
15:59:18
uncle_rae:
i understand your point br-m, that's how i feel
15:59:33
uncle_rae:
but isn't conducive has an active negative connotation
16:05:27
nioc:
but what if you need millions of dollars ?
16:06:13
nioc:
difficult at 50 cents and 18 million monteros
16:06:28
nioc:
limits its use case
16:06:47
ravfx:xmr.mx:
buying a millions of dollars worth of 50 cents moneroj would pump it af
16:06:47
ravfx:xmr.mx:
buying a millions of dollars worth of 50000$ moneroj, would hardly move it.
16:06:47
ravfx:xmr.mx:
The high the price, the more stable it will get once heavily utilized
16:06:53
plowsof:matrix.org:
hello from matrix org account
16:07:35
nioc:
ravfx yes :)
16:08:01
nioc:
plowsof hello from IRC
16:08:32
plowsof:
thanks, it was just lagging, no issues
16:08:34
nioc:
libera will be bring IRCv3 soon™
16:13:43
uncle_rae:
plowsof: you seen any discord refugees recently?
16:13:47
uncle_rae:
(on matrix)
16:20:13
plowsof:
uncle_rae people leaving discord and joining us here? not really tbh, some discussion about the recent kyc stuff in -offtopic but thats all
16:53:18
DataHoarder:
https://github.com/SChernykh/RandomX/blob/v2/doc/design_v2.md
16:53:20
DataHoarder:
hashrate is different on v2, but you are measuring different functions
16:53:56
DataHoarder:
the change would happen with the FCMP++ upgrade.
16:54:32
DataHoarder:
so there's already a hardfork, which also requires miner update regardless (for commitments and for the new template format)
16:54:34
DataHoarder:
xmrig is already "updated" to support this
16:55:11
DataHoarder:
(in dev branches)
20:16:23
DataHoarder:
it has been in the works, but mainly to align with modern cpus, as v1 did align to cpus back when it was implemented
20:43:18
pyratevevo:matrix.org:
Can't wait for all CEXs to delist Monero, so we may have the real price. > <nioc> and a low price isn't conducive to real world usage
20:44:21
pyratevevo:matrix.org:
Nice. > <DataHoarder> the change would happen with the FCMP++ upgrade.
21:32:50
DataHoarder:
no
21:32:54
DataHoarder:
again, you'd have to upgrade xmrig either way for the other stuff that comes under FCMP++
21:33:28
DataHoarder:
(if solomining)
21:51:31
randomnym:matrix.mynymbox.io:
Hello hello Monero gang :)
21:56:03
DataHoarder:
you'd use xmrig to mine locally or on pools or p2pool
21:56:40
DataHoarder:
(it's more efficient, specially in multi-cpu systems)
21:57:14
DataHoarder:
plus https://xmrig.com/benchmark
23:48:51
pyratevevo:matrix.org:
Exciting times ahead. > <DataHoarder> again, you'd have to upgrade xmrig either way for the other stuff that comes under FCMP++