Monero is still the most profitable Altcoin to mine but when will the ASIC threat return?
A month and a half after the CryptoNight V7 hard fork, we have the lowest Monero mining difficulty since December of 2017! The reward per block is down but total rewards over 24hrs are up since our last Monero XMR Difficulty Watch post a week ago, but that shouldn't deter anyone from mining Monero.
DDoS Attack on Monero Pools
Monero Pools have been attacked by hackers since the beginning. Yesterday, confirmation of mined XMR were delayed or fluctuated throughout the day. Members in the Minergate chat room stated a Monero pool was under DDoS attack from the day before and everything should be back to normal shortly. Another reason why I love blockchain; you may slow it down but you can't break it. Unfortunately, I am unable to find solid data on this attack. If anyone knows more, please comment and I will update.
Monero V... ok but WTF is Wownero?
The Monero V XMV hard fork snapshot was taken, and I can't wait to get the airdropped XMV coins to put towards another Monero XMR cloud mining contract on Minergate. Funny enough, while doing some due diligence on XMV I came across another Monero Clone War fighter, namely Wownero WOW. The name is hilarious, but so is the reason why it was forked... none what-so-ever or at least I don't see the point or difference from Monero V. The Wownero website is a perfect example of an ICO or coin scam site, clad with fake dev team pictures and gimmicks; I wonder if it was built by the SEC or a team of hilarious Trolls (see whitepaper and roadmap).
From Wownero.org:
Wownero is a fork of the private cryptocurrenty Monero with two major changes:
A capped emmision that disallows infinite coin creation
10x the coin for 10x the W0W!
Wownero is a fairly launched coin with no premine. It's not a fork of another blockchain. With its own genesis block there is no degradation of privacy due to ring signatures using different participants for the same tx outputs on opposing forks.
According to one of the devs, jwinterm on twitter; WOW is a legit hard-capped cryptonote with no 'scammy premine'.
-Wownero's 'Lead Code Adder' Wowario
A Focus on the Good News
With all the well-known forks behind us and less miners stacking for the airdrops; the difficulty continues to fall. If we fork away ASICs and botnets every 6mos, Monero will continue to be the most decentralized cryptocurrency and we can...
Ride the low Monero difficulty and profitable low-end GPU mining to the moon!
Current XMR Difficulty:
Difficulty 56.956 G +3.97% in 24 hours
Hashrate 473.318 Mhash/s +6.04% in 24 hours
Monero Mining Profitability 1.3775 USD/Day for 1 KHash/s
Reward Per Block 4.56+0.05702 XMR ($907.51 USD)
Reward (last 24h) 3,279+40.94 XMR ($651,972.88 USD)
Monero Price 1 XMR = $ 196.38 USD (2018-05-21 12:51:22)
*Chart from CoinWarz
*Data from BitInfoCharts
*Meme Credit: Me, inspired by Medium; feel free to use it.
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