Bitcoin Forum

Hi all, i was just wondering if was useful to create an algorithm with a altcoin that can only be mined on nvidia cards and cuda miners.
That will gibe an useful work to all that people who buys nvidia cards for paying video games.
I know that exist the CUDAminer software, but its used just for mining Open CL data on cuda transistors.
We need a altcoin, with a new algorithm that use just nvidia cards.
Can be that posible?

tne purpose of the coin is a medium of exchange, not to mine.  maybe if you come up with an idea for how you can make a medium of exchange better and care a little less about the mining it might be worth something.

Yes!!! It would be possible to benefit NVidia GPU card owners, but it would need cryptographic algorithm counting in floating point. NVidia and AMD are comparable (maybe NVidia is even a little bit better), but AMD is better calculating with decimals - and SHA XX, Bcrypt and Scrypt are all using decimals only in calculations.

So maybe look on internet for such algorithm and initiate new altcoin for new spectrum of miners :P good luck!

actually without miners, there is no coin.
Better to make it as attractive to miners as possible, AFTER all the hash rape is over...

Of course their can be coins without mining, don't be daft, their are already several alternative mechanisms out their that allow transaction validation without mining.  You could combine PoS with an equal demurrage rate so coins are maintained without adding to existing supply, so you just start with an initial quantity in the genesis block and never 'mine' them at all.

In order for a coin to have value, and I mean long term value, you need people who want to buy it, and trade it. Who gives a fuck, if the coin was only mineable by NVidia cards? YAC is only mineable by CPU's, and its worthless.

Yes, but its cause all miners has just sempron or athlon CPUs, and its just one per rig, one poor CPU and 3 or 4 powerful GPUs.
there is a lot of people with computers with 690 SLI or something like that.
No one in the world of mining uses Nvidia, making a algorithm just for nvidia cards you will create a exclusive coin, wich will has a nice trade price and will be nicely profitable, the people will buy nvidia cards and people like Con Kolivas will job in news miner sistems.
That's new, not the new shitcoins like sexcoin (WTF man!).

I would love it!

Great gaming rigs I got and great folders.... mining they just fucken suck.

BTW we are out there mining.. trying too at least. Glad that cudaminer is out there... but only 120 mhash on a 660 makes me cry.

That's why we need to create another algorithm that uses process like Physx to hash, the hash can be make by the resolution of the algorithm and it can be created espeficly for CUDA transistors and Nvidia cards.

That's my new favorite word.  Thanks.

espeficly (adj): see espefic.

Sorry man, i'm spanish.

A lot of testing has been going on also of CPU-only systems for distributing coins.

As pointed out earlier, mining is not actually needed for securing currencies, Ripple uses consensus, proof of stake uses stake, so making people burn up lots of electricity might not really be all that necessary. Sheer intensity is something GPUs and FPGAs and ASICs are good at, so an approach to CPU mining that takes advantage more of a CPU's ability to adapt to circumstance is being looked into that actually does not really take a heck of a lot of pure power per se.

I have written up on it a little at http://www.devtome.com/doku.php?id=cpu_mining

-MarkM-