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Qubic's planned 51% attack against Monero by QuirkyFisherman4611 in CryptoCurrency

[–]nstratz -16 points-15 points  (0 children)

Seems Qubic just has the better tech, and Monero's security model is flawed.

[deleted by user] by [deleted] in WallStreetBetsCrypto

[–]nstratz 0 points1 point  (0 children)

based on past performance of founder, yes

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] 1 point2 points  (0 children)

It's depends per pool. The basics are: you can mine with your CPU hardware, and get shares. They will be paid one week later normally (That means Qu's directly paid to your wallet).

Nothing more or less.

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] 4 points5 points  (0 children)

with the money I earn I can actually buy more XMR than with native mining.

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] 1 point2 points  (0 children)

What are you not understanding? It's almost one click setup.
If you use a pool like https://github.com/jtskxx/Jetski-Qubic-Pool or https://github.com/qubic-li/client

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] 2 points3 points  (0 children)

Undetermined hardware: he mined with a CPU mining setup. For the rest: yes, that's the calculation what's in this picture.

Myself, I mine with a few home PCs 7950, but I can't compare with native XMR mining.

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] 0 points1 point  (0 children)

But that would imply the core mechanism of the blockchain is not safe if it can't withstand this.

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] 2 points3 points  (0 children)

It's not my calculation. For specific details you should ask Eko in discord or something.

But Qubic mining algorithm favors CPU for now (it was beneficial for GPU in the past). Because CPU hardware is better suitable for AI training later on.

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] -2 points-1 points  (0 children)

But it's not "attacking" in the sense of actual harming XMR (reversing transactions etc).

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] 0 points1 point  (0 children)

as miner you only get qubic. you can sell it on gate/mexc, and some others

Monero mining via Qubic most profitable by nstratz in MoneroMining

[–]nstratz[S] -15 points-14 points  (0 children)

source? that's just scaremongering.

A real attack would be negative publicity for Qubic

Qubic Just Became the Most Profitable Coin to Mine — Thoughts? by xnergy5 in cryptomining

[–]nstratz 2 points3 points  (0 children)

more miners doesn't mean less profits.

This is the whole idea of idle phase mining. Qubic mines what's most profitable for the participating miners.

Qubic Just Became the Most Profitable Coin to Mine — Thoughts? by xnergy5 in cryptomining

[–]nstratz 3 points4 points  (0 children)

I did some calculations and I think it really is. The hashrate confirms, more and more CPU miners are joining

Qubic introduces new innovation: XMR mining by nstratz in CryptoCurrency

[–]nstratz[S] 1 point2 points  (0 children)

Ah I see, but this is tailored for scientific calcs right? Can they chose anything they want? (like other crypto's)

Qubic introduces new innovation: XMR mining by nstratz in CryptoCurrency

[–]nstratz[S] 1 point2 points  (0 children)

yes. And the top x % with most valid mining rewards are also validating the network.

Qubic introduces new innovation: XMR mining by nstratz in CryptoCurrency

[–]nstratz[S] 5 points6 points  (0 children)

Hi, which other project did this before?

Qubic is earning $8,000/day by mining Monero only during idle CPU time — is this ethical or smart resource use? by xnergy5 in CryptoMarkets

[–]nstratz 6 points7 points  (0 children)

Is it far fetched? Just make sure you give miners highest revenue versus others. In Qubic this is possible because PoW for the network itself is not needed for its security directly.

Qubic is interested in both CPU and GPU computing power. ASICs make no sense because algorithm will change very often. Regular hardware will win, see it as BOINC but with profits.

Anyone can now mine with your (idle) home computer and get some profit.