PSA: current mining hashrate (monero.town)

submitted 3 months ago* (last edited 3 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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[-] tusker@monero.town 3 points 3 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.