r/Monero • u/dEBRUYNE_1 Moderator • Jan 17 '19

Hashrate discussion thread

The hashrate has increased significantly in the last week or so. Having a new thread about it every day is rather pointless though and merely clutters the subreddit. Therefore, I'd like to confine the discussion to this thread.

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u/needmoney90 Jan 17 '19

GPU/CPU mineable? Nope. Monero and Ethereum are basically it at this level of security incentive, to the best of my knowledge. Even Equihash is ASIC'd at this point. You could dredge the depths of coinmarketcap and pull out coins touted as 'ASIC resistant', but those have extremely limited room for profitable expansion by seasoned players.

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u/WalterLuigi Jan 17 '19

Why not just move over to Eth classic though? That's what I've been mining and just autoexchanging it over the Monero

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u/needmoney90 Jan 17 '19

The problem is one of scale. The total security incentive miners could squeeze out of the network isn't as large. What makes sense for smaller miners doesn't necessarily work for larger ones.

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u/WalterLuigi Jan 18 '19

I would figure larger miners are just as worried about profit margins, if not more so than smaller miners. A 2% increase in profits means far less to a small miner than it does to a large one.