I guess it's not worth it when you have to pay for the electricity, or presumably they would've used them.

If Governments can't get the cheapest electricity, then there is something really wrong with the way they work! These miners could have been used to use stranded power generation that would have helped them build out their power grid and improve the lives of their citizens. Even if they didn't want to use them, they could have sold the working ones abroad or done anything more constructive with them! Governments are parasites that eventually kill their host.

Wild stuff

Governments love to steal and destroy.

Yes, you're right. Malaysia has abundant government sponsored solar energy. This was just destructive.

Monero is mined on an CPU with ideal efficiency. They'd have to destroy server farms and personal computers or even cell phones if it were Monero.

why dont they just use it? inefficiency in all governments its insane but cool video bitcoin doesnt give a shit

“ allegedly “ is operative word 😜

Control mechanisms 99% bleed for 1% greed Hence why we rise and grind Together and separate Humanity will win 🏆 Or I die trying

Governments only know how to steal, not create. Then they do this kinda stuff as statist theatrics to flex. Its pathetic

Low IQ. I wonder how they’re doing now watching the entire planet adopt Bitcoin. Still in denial?

They probably would have if the year was 2030

One assumes they removed any private keys from wallets beforehand….. ?

Is Monero still being reorged? I noticed a bunch of ASIC suppliers stopped accepting XMR during the Qubic reorg attack..

Not anymore thankfully, Qubic burned through their attack fund and nuked their coin for their 37% attack. I hope selfish mining attacks don't become a trend against the proof of work coins, it's a bug weakness of Bitcoin, Litecoin, Monero, etc.

Bitcoin is the largest supercomputer in the world, with over 1ZH/s. I doubt that even a well funded collective of governments could attack it at such a scale. One of the advantages of ASIC mining is how efficient it is compared to FPGA, GPU and CPU mining, which makes attacks much more expensive. I heard they're going after DOGE next. It's Scrypt algo like Litecoin, but with more hashrate.

SHA256 ASICs are made by many companies all over the world now. Pools are incentivized not to reorg because they risk the loss of block rewards when their chain loses. They'd have to be over 50% of hashrate to be sure they would continue being the longest chain. The miners would be incentivized to switch pools as soon as they noticed a pool doing this attack. Pool centralization is an issue, but less so than it used to be. When was the last time Bitcoin was reorged? When was the last time Monero was reorged? How can you tell what the attacker did while reorging Monero? One advantage to Bitcoin is that would all be transparent. The biggest problem with CPU, GPU and FPGA hashing is the large number of these devices that are currently doing things besides securing your PoW blockchain. At any point they can be redirected to attack it. The same is true of smaller SHA256 algo chains. For example one large Bitcoin miner could just decide to reorg BCASH one day. If Monero had used a unique ASIC friendly algo, it would be succeptible to attack by the first maker of ASICs until more came along and evened things out. However, the Qubic XMR attack wouldn't have been viable today. Nor would a nation state attack tomorrow. Bitcoin was in the right place at the right time to have the first mover advantage with regards to hashrate. It progressed from CPU to GPU to FPGA to ASIC while it was less valuable. It's harder to attack now because of the efficiency of the ASICs, the economic barriers to attackers, and the fact that mining Bitcoin is more profitable than attacking it. I'm not saying there aren't good things about Monero (it's the best altcoin), but as far as security of the chain, nothing comes close to Bitcoin. I believe this is why, over a long time horizon Bitcoin has increased in value against other cryptocurrencies.

Noobs