Quote from: smooth on August 25, 2016, 07:03:15 AM

Quote from: elrippo on August 25, 2016, 05:12:14 AM

Besides, until we have no market for turning XMR in $ or

Won't be long. The countdown has started. (No inside info here, just stating the obvious.)

Quote from: opennux on August 25, 2016, 04:27:09 AM

While I of course agree that XMR has nowhere near the POW security that Bitcoin has

I don't agree (largely echoing sammy007's comment). The more centralized the mining with the more barriers to entry, the less efficient a mining network is in converting raw hash rate into real security. Raw energy burn is only a small part of the equation. It is more accurate to say that it is difficult to compare the security of the two because they are quite dissimilar in nature.

Monero's security in practice is quite significant. Someone on reddit asked about building a 500kh/sec mine. That would require about 500 or more devices (higher-end GPUs or CPUs) and still only be about 2% of the network hash rate (which will likely rise significantly if this repricing is sustained). Already and for some time Monero's network has ranked among the largest supercomputers and with the repricing may soon surpass all supercomputers. There is no "easy" attack on Monero's hash rate possible or likely.

That's a very good point smooth. The only metric I was talking about was hash-rate - not who owns the hashrate.