PSA: Do not switch your mining over nanopool but use P2Pool or a smaller pool instead

MoneroMonero
$164.78
‑1.25%
self.Monero8d ago
There is 1 week left before the biggest pool (minexmr) shuts down It currently still owns around 950 Mh/s as seen over https://miningpoolstats.stream/monero Meaning that in 1 week, all that hashrate will be moving out, some could be to an other pool or some might just not mine anymore in the case that speculations about botnet mining on compromised networks and owner not having access to those anymore type of situation Anyways, today there has been an increase of hashrate on nanopool from around 350 Mh/s to like 700 Mh/s Which is not ideal, like, let's not make the same mistakes by centralizing most of the nethash on a single entity That hashrate doesnt seem to come from minexmr miners as it's hashrate didnt move The overall nethash went from like 2.3 Gh/s to like 2.8 Gh/s so it seems to be probably something along the lines of rigs that were turned off during this summer which are now back online again The minimum payout on the current top 3 pools are 0.1 XMR, meaning miners on these that dont have a massive mining setup would be having their coins held hostage for a very long time until they reach that minimum required Just dont be dumb getting your funds held hostage that way and instead chose for more decentralization by mining on P2Pool which not only it helps decentralization but also will get you regular payouts, as the minimum to receive funds is wayyyy lower so it's basically a win-win situation there Here's some links that could help you into your journey to mine on P2Pool: https://github.com/SChernykh/p2pool#how-to-mine-on-p2pool https://sethforprivacy.com/guides/run-a-p2pool-node/ And if too lazy or not tech savvy enough or whatever, there's always regular smaller pools like https://moneroocean.stream that making the switch would be as easy as what you're already doing on one of the current bigger pools We have a great opportunity right here to officially be the most decentralized cryptocoin in existence of the whole world, like far ahead of bitcoin that just completely gave up on that aspect, it would be a shame to waste that opportunity by not having that decentralized mining on P2Pool adoption Let's not make the same mistakes as bitcoin is doing, and take that opportunity of minexmr shutdown to be what the whole thing was supposed to be When Satoshi made BTC, he didnt envision centralization though pools, he didnt envision centralization through asics mining 1 CPU = 1 vote is where it used to be and where it should be Monero is the real Bitcoin so let's keep being that and keep aiming at more decentralization where bitcoin completely failed there https://piped.kavin.rocks/watch?v=8xLbMQBkWhw