Bitcoin Forum

Looking to mine a coin that’s no way connected to asic miners so it would need to be off any exchanges where it could be bought with asic earnings. Eventually the coin would be brought to market but initially it would only be for GPU miners. Are there coins like this?

You may check Raven, a lot of people started to mine it.

Are there no coins separate from bitcoin so it’s not on an exchange connected to other coins?

It says raven coin is non asic but to be true non asic then you shouldn’t be able to mine asic coin that you then sell to buy the non asic coin.

Seems like there could be seperate exchange for true non asics so then asic miners couldn’t buy it.

lol are you serious??

Are you fucking retarded?

The truth is that Bitcoin is Asic now, and Bitcoin is also the main currency people trade with. You could theoretically make an exchange that only traded ETH pairs (unless the asic comes out for this as well, lol) but I don't think people would use it. Bitcoin is the king for now.

What makes sense to me is that you use less electricity to do same amount of work so if you seperate the gpu miners then less electricity is used.

How else can mining be more eco-friendly?

bitcoin gold will always be against asic and thats their main agenda for max decentralization.   I would put my trust in that team if anti asic is your goal.  BTG does have a large awareness.

Such coins many. But after a few days will be upgraded coin Monero. It will be produced on the algorithm cryptonight 7. This algorithm is protected from asics. http://xmr.noctism.com/ this is a link to a site that counts the days and hours before the appearance of this coin. Perhaps this will interest you.

Theoretically if someone created coin with unique algorithm that could only be mined by gpu then coin could have greater value if it was kept off exchanges so then it’s value would be solely determined by its own performance.

Are there no private coins like there are private companies without stocks in the stock market?

Can't guarantee if there is anything asic resistance, depends on Bitmain's mood and how much ability do they think in controlling of coin and profit.
Btw what about to give a try to vertcoin?
Well, use whattomine's calculator or nicehash if your next aim will be profit.
Btw vertcoin and feathercoin won't be a bad deal (sorry, I amn't active in them and to be fair I have only used them once, so double check).

What do you mean by easy to mine?  What algo?

You can grab a lot of scrypt coins, like moon or Tips (Fedoracoin) without an asic.

Check out MineFedora.com (http://MineFedora.com) - Asic mine it, but none Asics can make a decent amount of coins too.

We trade Tips/Doge then Doge/LTC on coinexchange   to give you an idea, just traded in 3 million Tips for 60 bucks via that trade route.

Edit:  are you wanting to gain a lot of coin in a HOLD situation, so volume and future value are the issue or are you wanting to turn for quick profits on the current market?

Easy to mine because the difficulty is low.

For instance like it would be for a private Blockchain with many less gpu miners processing smart contracts at a slow pace since fast transactions are not necessary.

This way you only get coins directly from app purchases or from mining rewards with the rewards linked to miners account so they can’t be sold to exchanges.

The miners would process your transactions because they want to use the service for free and then app purchases would fund everything else

Why do all the coins have to be linked together and controlled by bots?

I like the way you think.  You challenge convention which is really cool.  Now, the thing a lot of people here aren't seeing including myself and possibly even yourself is that there is an entire spectrum of 'thinkers'.

Some people think all mining should be virtual: no more electricity, no more hardware.  It would be purely reflective of some tangible effort or possession of digital property to determine various accounting values.

Other folks, such as yourself, want a sort of new beginning to truly distinguish centralized from decentralized mining power.  A true return of power to the people when it comes to mining.  I can see the attraction to this view point even if I can't 100% commit to it.

And yet other folks are either 100% ASIC or a mixture of ASIC and GPU. 

I'll just say it is really complicated and yet despite the complexity, I don't doubt that the appeal of isolation of ASIC from GPU coins will catch on.  it already has some examples of success (albeit short-lived or at least undeveloped) such as bitcoin gold and other forks.

The issue is that if you are talking about purchases, the person accepting payment has to be able to do something with the currency.  If I build an app and sell it using this magic coin you talk about, how do I get compensated?  Its worthless if I can't trade it for some useful.   Really no different than real life tokens at arcades, car washes, etc. 

What you are describing is nothing more than a coin with a proof of stake reward.

Yep Bitcoin gold is awesome. With the new ebwf v0.5 miner and low difficulty due to new  asic resistant memory intensive algo I'm mining a lot more btg compared to the past.  Feels like I'm getting on the train at ground zero at all time low difficulty. Other coins still going parabolic on difficulty and your only getting table scraps
. Good job to the btg team for fighting against asic mining and giving us home miners a chance.