Bitcoin Forum

Update: Project Aborted! (for now)
Due to the peaceful cancellation of segwit2x we're aborting this project for now with mixed emotions
should the miners once again become a problem we will be ready to re-launch.

thanks you everyone for your support
today was a great victory for Bitcoin Smiley

Background

In recent months it has become self-evident that bitcoin mining is extremely centralized.
While the greater community shows almost no interest in the 2X fork, the threat of using said
centralized hashrate to disrupt the core chain to the benefit of 2X or BCash for a long period of time remains real.

An ASIC resistant PoW alternative where ASIC miners are not able to slow down progress must be available for the community.
(And Equihash forks with premine and consensus rules changes are clearly not it, sorry)


Cuckoo Cycle

We've picked the most ASIC resistant algorithm we could find:
https://github.com/tromp/cuckoo


Commitment to zero disruption to core chain

• We will fork on the same block as 2X does. This serves a double purpose:
   1. Services are already suspending activities because of the 2X fork
   2. If the core chain is attacked (reorg, wipeout, double spends, …), this is the time to offer the alternative
• "Magic bytes" are changed so Resilience nodes will not connect to core nodes

Details

Algorithm: Cuckoo Cycle: 42-cycle with a graph size of 2^30 (2^20 on testnet)
Premine: No.
Added Difficulty retarget: Emergency only
Two-Way Replay Protection: Yes
Intended for GPU mining.


Contribute

This project is done by volunteers, and we need your help!
If you're interested in supporting this project, please join our slack:
Invite Link (https://join.slack.com/t/bitcoinresilience/shared_invite/enQtMjY2MzU2NDU5MjQ4LWIxMzY3Mjg2NGFmZWEyMDg1NzliMmQ3MTBkMmZkMjZkNmUzOTE2Njk3ZjRlNTc2MTk0NDM3MTIzNTZiZTAxMzA)


Projects and sources

Node: https://github.com/hodlor1/bitcoin/tree/resilience (https://github.com/hodlor1/bitcoin/tree/resilience)
Pool implementation: https://github.com/hodlor1/ckpool (https://github.com/hodlor1/ckpool)
Miner implementation: https://github.com/hodlor1/sgminer (https://github.com/hodlor1/sgminer)
(Miner is provided as reference implementation as is not fully optimized)

How to mine ?

hi, can we get all this compiled into windows please and where is the cuckoo cycle algorithm wallet   ::) ::) ::) ::) ::)

DEV ALGO COIN ??? ??? ??? ??? ??? ???!!!!!!!!

Not scrypt. Not even ASIC. Go away.

WHAT ELSE do you NEED :D :D :D :D ;D ;D ;D ;D

IF THIS COIN FOR CARDS THEN IT'S COMPLETE SHIT!!!!!! :D :D :D :D

ASIC's and corporate miners are complete shit. For sure.  ;)
I wish this project good luck. Will see about it. And I'm waiting for working, compiled stuff ofc. Without it from start this project won't be successful.

ASIC's s the best OF the BEST THAT CAN BE
MINING ON GRAPHICS CARDS IS COMPLETE SHIT!!!!!!!!!!!!

Mining on the ASICS is not fair . Full centralized!

Why buddy, you are so fond of asic miners. This coin is developed to be mined by using gpu and not asic. In my opinion gpu mining coins are good. GPU cards are easily affordable by everyone than asic miners. This gives everybody a equal chance to mine their coins. Not all have the money to buy asic miners. And I believe that cryptocurrency is made for the common people, not for a group of wealthy people.

On which exchanges will tokens be traded?

updated the info cuckoo cycle PoW parameters

What is the current token valuation?

There is only AMD miner? Not NVIDIA?

No really, this used the be the argument when they first came out. I'm guessing form the GPU guys who had invested in gpu farms.. Anyone can buy asics like anyone can buy GPUs. Its the same shit nowadays.

I have both a scrypt asic farm, sha256 asics and a gpu farm. I think many miners are in the same boat as me now since asics have been around for 4 years.

Looking everyone talking about mining, did this ANN thread just focusing on mining, will it be available for some bounties to be open?

Gotta laugh of the mining discussion here :)
The project seems fun, but what is the product or gold? There are thousands of currencies that don't have any real purpose, and this seems like yet another. The algo and and technology seems interesting enough, but it doesn't bring much to the table.
Where does the potential value really come from?
Why should people buy this in the future?
What is a cuckoo coin? :)
Good luck, looks fun!

As explained in the OP, the value comes from the fact that the current bitcoin miners have been actively holding back progress for years and are now openly talking about killing the existing chain with a few ideas on the table about just how they could do it

In which country this will be working? This will be for limited countries?

WTF? Why did you call git as bitcoin? lol  ;D

More BIG RED letters!
And by the way, asics are cenralized shit.

How do you mine? algorithm? pool?

Algorithm: Cuckoo Cycle

DEV, what about total coin supply? 21m like simple Bitcoin?
Block time?
Block reward?

pool?wallet????

Which exchange support this coin ?

Damn I love the algo's name. I'm up for it I wanna mine it :)

it's a bitcoin hardfork, we only changed the PoW algorithm

Will there ccminer for NVIDIA and compiled wallets from start?

You'll need to change the difficulty as well.
And possibly the difficulty adjustment, since rapid hashpower fluctuations are to be expected.

You are correct, and we have.
The mining difficulty will be reset when the PoW changes, and emergency retarget has been also been implemented
that's what is written in the OP as well.
i was answering a comment about block time and rewards and didn't realize i was making too general of a statement.
The core principle is to only change what needs to be changed

Wow! Is it really cuckoo cycle implementation? It's great algo with asic resistant and botnet resistant. I'm in.

You can help by spreading the word on social media!  :)

in any country where bitcoin works :)

Why don't you just start a new coin? Copying of BTC blockchain is already tiresome.

Where to buy tokens?

Sounds interesting...Waiting for more details

I've asked twice about working, compiled stuff for mining before the start, but looks like i'm ignored.

you weren't ignored
there will be compiled stuff before the start, which is in 10 days
we are now in public testnet phase aimed at devs, and the mainnet version hasn't been released yet

Okay. That's what I wanted to hear. I hope there will be both AMD and NVIDIA miners and different OS wallets also.

Looks good.  Good luck!

Can I subscribe to an email newsletter somehow?
I know that the amount of RAM is important for this algorithm. In your version, how much RAM will be required?

Cuckoo Cycle on 2^30 nodes requires 200MB for slow solving, or 2.2G-3.2GB for fast solving.

So.. is there any pools and compiled miners for this testnet?

yeah gpu is the most fair mining ;)

source code for working pool and miner are linked in the OP
a public mining pool is being set up for testnet and mainnet, stay tuned for updates
a windows binary for the miner is also in the works

It's nice to see that the work does not stand still. There is very little time left before hardfork. I hope that you will succeed.
I'm waiting for windows binary :)

Due to the peaceful cancellation of segwit2x we're aborting this project for now with mixed emotions
should the miners once again become a problem we will be ready to re-launch.

thanks you everyone for your support
today was a great victory for Bitcoin :)

Dev maybe you will relaunch your project later? You have a nice idea which can solve many problems of BTC.

If in the future the miners once again try to takeover Bitcoin with a hardfork we'll be ready.
But otherwise we wouldn't want to hardfork Bitcoin for no reason, one of our core principles is not to disrupt the core chain needlessly.

Great news for the whole community. I hope that you continue to work on testing the algorithm. Now you can do it in your free time, as a hobby. Next time you'll be ready even better!

ugh Slack noty
a bit more openness right here pls - no nyms
c u next time

soooo ye. dead project?

not dead  :o

"Aborted (for now)" = pending  ;)

not alive anymore

What a pity. In recent times there are too many scammers and too few really interesting projects.