Monero community concerned as leading mining pool nears 51% of ecosystem's to...
The sharp increase in MineXMR's mining hash rate in the past few months has led some XMR enthusiasts to suspect ulterior motives. On Tuesday, privacy coin Monero (XMR) mining pool MineXMR's hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to a screenshot from Archive.org last August, the pool only contributed to 34% of the hash rate of the XMR network.The rapid rise in the network's hash rate has spooked some XMR enthusiasts, with Reddit user u/vscmm writing:"We need to talk with....
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Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization.
A Single Monero Mining Pool Commands 44% of the Network’s Hashrate, Monero Community Members Debate Issue, Pool Admin Addresses Concerns
At the time of writing, according to statistics stemming from the web page pools.xmr.wiki, the mining operation Minexmr commands 44.084% of the network....
Monero is the most popular privacy token in the space, and investors have flocked to it due to the anonymity it provides. Its community is widespread with a lot of miners, but one mining pool has dominated the hashrate of the privacy coin in the past. Minexmr, which is the largest mining pool, has, however, […]
Jaxx abruptly canceled its much-anticipated integration of Monero into its platform, citing “too many difficulties.” The multi-coin wallet, which integrates across a variety of platforms with a focus on user experience, was slated to integrate the privacy-centric cryptocurrency last year, but faced repeated delays. CEO Anthony Di Iorio announced the cancellation news via Twitter: The integration was reportedly almost complete, with Di Iorio posting screenshots of the wallet with Monero integrated. Issues hindering the integration. During the integration process, Jaxx reportedly came across....
The launch of Bitcoin.com mining pool's mainnet has opened up many questions about the scalability of Bitcoin protocol. The war over Bitcoin block size wages on. The recent attempt to resurrect the Bitcoin blockchain with no block size limit has received a mixed reaction from the community. The attempt comes in the form of the new Bitcoin.com mining pool, a brainchild of Bitcoin Jesus Roger Ver. The new Bitcoin.com mining pool has extended its support to Bitcoin Unlimited, a Bitcoin Core spin-off with no limits and restrictions. This move is considered as an attempt to create a version....
Directpool.net officially launched a Bitcoin Mining Pool. Its goal is to prevent any future 51% attacks on the bitcoin network by redistributing the total network's hashing power. Directpool comes in as the next generation mining pool to further redistribute total network hashrate while giving back to the Bitcoin community. New York, NY (PRWEB) March 18, 2014. The Bitcoin community raised concerns about a pool reaching the 51% network hashpower. That pool can potentially control double-spend transactions, affect confirmations and prevent miners from mining valid blocks. Satoshi himself was....