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1021  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin = ASIC resistant is a lie! on: June 04, 2013, 11:51:09 PM
A much cheaper and easier solution is to interface the memory on the PCB, no need to have the memory directly inside the die.

its a matter is distance.  its expensive to have to go out to the PCB.  updated my post above.
1022  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin = ASIC resistant is a lie! on: June 04, 2013, 11:43:48 PM
Yes, Litecoin ASICs do not exist yet, but are not harder (or  costlier) to build than any Bitcoin ASIC. It's just a different hashing algorithm!

Scrypt has different parameters than SHA256, but those obstacles should be easily tackled.

really this old arguement again.  scrypt is sha256.  scrypt does a salsa20 8 times mix backwards and forwards, it makes the lookup tables difficult to predict.  you need to load it all into memory to hash it.  it requires a lot of on die memory to load the tables into.  there are no fpga boards on the market that have that much on die ram.  it would cost a fortune to develop.  with most scrypt coins having low value and low liquidity there is not incentive for an investor to deploy the several million it would take to build an fpga or asic just so that can make a few hundred grand.  they woould be competing with GPUs manufacturers which have already invented the wheel.

Pretty much spot on, except it wouldn't cost someone several million to make an FPGA for Scrypt. For an ASIC, yes it will cost a million+, but FPGA development can be done for much cheaper. Around/under $100k if you were going to outsource all development, and much cheaper if you were going to develop it yourself.

to build an fpga board with on die ram?  there is no market for it, so they have never been produced.  it would have to be done from scratch.  it would be as expensive as an asic investment.

update  the closest is the stratix v.  dev boards run at $10k each and even then they do not have enough memory to handle scrypt.

http://www.altera.com/products/devices/stratix-fpgas/about/trimatrix/stx-trimatrix.html

you'd have to go out to external SRAM, or that QDR++ RAM (which is like going to 100 miles for a trip to the grocery store).  Even that is small in size. So you'd have to build a chip from scratch.  Then when you talk about DDR3 or DDR5 RAM that is like traveling to the moon to buy a box of ho hos.
1023  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin = ASIC resistant is a lie! on: June 04, 2013, 11:39:03 PM
Yes, Litecoin ASICs do not exist yet, but are not harder (or  costlier) to build than any Bitcoin ASIC. It's just a different hashing algorithm!

Scrypt has different parameters than SHA256, but those obstacles should be easily tackled.

really this old arguement again.  scrypt is sha256.  scrypt does a salsa20 8 times mix backwards and forwards, it makes the lookup tables difficult to predict.  you need to load it all into memory to hash it.  it requires a lot of on die memory to load the tables into.  there are no fpga boards on the market that have that much on die ram.  it would cost a fortune to develop.  with most scrypt coins having low value and low liquidity there is not incentive for an investor to deploy the several million it would take to build an fpga or asic just so that can make a few hundred grand.  they woould be competing with GPUs manufacturers which have already invented the wheel.
Thank you for saving me from have to say this.


I have it saved in a text file for easy cut and paste  Grin Grin Grin
1024  Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Litecoin = ASIC resistant is a lie! on: June 04, 2013, 11:28:30 PM
Yes, Litecoin ASICs do not exist yet, but are not harder (or  costlier) to build than any Bitcoin ASIC. It's just a different hashing algorithm!

Scrypt has different parameters than SHA256, but those obstacles should be easily tackled.

really this old arguement again.  scrypt is sha256.  scrypt does a salsa20 8 times mix backwards and forwards, it makes the lookup tables difficult to predict.  you need to load it all into memory to hash it.  it requires a lot of on die memory to load the tables into.  there are no fpga boards on the market that have that much on die ram.  it would cost a fortune to develop.  with most scrypt coins having low value and low liquidity there is not incentive for an investor to deploy the several million it would take to build an fpga or asic just so that can make a few hundred grand.  they woould be competing with GPUs manufacturers which have already invented the wheel.
1025  Alternate cryptocurrencies / Altcoin Discussion / Re: Cool new BLF scam grab you cash and line up suckers on: June 04, 2013, 11:14:59 PM
looks like they know the jig is up.  time to cash out.  sell the parts off at the peak before asic chip prices crater.
1026  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Call to developers for total coin rebuild and new features on: June 04, 2013, 10:01:12 AM

need that blockchain improvment but - i'd talk the Balthazar - he was working on a 3D with hamming code idea . 

does he have a thread on 3d hamming?  I didn't see searching the forum.  I'd like to know what 3d hamming would gain.  would a node automatically orphan bad blocks?  would a node send bad blocks to the network for re-verification or just use it to drop bad blocks after checking the first few bits.  I didn't think bad or corrupt blocks were an issue in the bitcoin network.
1027  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Price: Do you think this is a bubble ? on: June 04, 2013, 02:48:46 AM
incorrect.  bitcoin generation has a cost to generate revenue.  if the costs exceed revenue miners leave the market until costs are inline with revenue.  that is a cots to generate.  

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50.  That would be a loss.  

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

you misinterpreted my question.  what does it cost to produce a ripple.  buy and produce are 2 different things.  most consumer don't know that.  what is the fabrication cost?  I can try to buy a ripple for .001 just as I can try to buy a bitcoin for the same price.  that is differnet from trying to produce a ripple for 001 and trying to produce a bitcoin for .001.  the effort to generate a ripple is an order of magnitude less to produce a ripple than a bit coin.  so a ripple has much less intrinsic value that a bitcoin does.  always will

Cause you are looking at xrp as a "currency". What if we look at it as company shares ?

you mean a derivative then?

FUCK YOU!

lol
1028  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Price: Do you think this is a bubble ? on: June 04, 2013, 02:05:00 AM
incorrect.  bitcoin generation has a cost to generate revenue.  if the costs exceed revenue miners leave the market until costs are inline with revenue.  that is a cots to generate.  

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50.  That would be a loss.  

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

you misinterpreted my question.  what does it cost to produce a ripple.  buy and produce are 2 different things.  most consumer don't know that.  what is the fabrication cost?  I can try to buy a ripple for .001 just as I can try to buy a bitcoin for the same price.  that is differnet from trying to produce a ripple for 001 and trying to produce a bitcoin for .001.  the effort to generate a ripple is an order of magnitude less to produce a ripple than a bit coin.  so a ripple has much less intrinsic value that a bitcoin does.  always will

Cause you are looking at xrp as a "currency". What if we look at it as company shares ?

you mean a derivative then?
1029  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Price: Do you think this is a bubble ? on: June 04, 2013, 01:44:49 AM
incorrect.  bitcoin generation has a cost to generate revenue.  if the costs exceed revenue miners leave the market until costs are inline with revenue.  that is a cots to generate.  

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50.  That would be a loss.  

Tell me how much it cost to produce 1 ripple?

it cost 0.012$ to buy a ripple. whatever you buy it or "produce" it. Bitcoin difficulty is as much articifial than bitstamp controlled prices ... what make prices of virtual currencies is faith of people and media noise. Ripple offer a next step for virtual currencies that's it has so much success, anyway it doesn't mean that there is no bubble creating around ripple futur value.

you misinterpreted my question.  what does it cost to produce a ripple.  buy and produce are 2 different things.  most consumer don't know that.  what is the fabrication cost?  I can try to buy a ripple for .001 just as I can try to buy a bitcoin for the same price.  that is differnet from trying to produce a ripple for 001 and trying to produce a bitcoin for .001.  the effort to generate a ripple is an order of magnitude less to produce a ripple than a bit coin.  so a ripple has much less intrinsic value that a bitcoin does.  always will
1030  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Price: Do you think this is a bubble ? on: June 04, 2013, 01:33:18 AM
incorrect.  bitcoin generation has a cost to generate revenue.  if the costs exceed revenue miners leave the market until costs are inline with revenue.  that is a cots to generate.  

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50.  That would be a loss.  

Tell me how much it cost to produce 1 ripple?
1031  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Price: Do you think this is a bubble ? on: June 04, 2013, 01:26:46 AM
There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.



Bad argument.
Bad thread



ripple is a loan  it is an an intangible debt on an intangible asset.  its a derivative and as a derivative the only worth it has is what people say it has until it is worthless.  at least bitcoin has value in that there was a cost in mining it (electricity, hardware).  derivatives are made up out of thin air.

that's not the point... I noticed a lot of new comer argue that

it very much is the point.  you asked if it is a bubble.  a derivative is a bubble in that it leverages the underlying asset.  most newcomers don't understand that.
1032  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Price: Do you think this is a bubble ? on: June 04, 2013, 01:23:50 AM
There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.



Bad argument.
Bad thread



ripple is a loan  it is an an intangible debt on an intangible asset.  its a derivative and as a derivative the only worth it has is what people say it has until it is worthless.  at least bitcoin has value in that there was a cost in mining it (electricity, hardware).  derivatives are made up out of thin air.
1033  Alternate cryptocurrencies / Altcoin Discussion / Re: What can your coin do that LTC/BTC can't? on: June 04, 2013, 12:27:06 AM
OP makes a weak argument.  What do any alt coins bring that BTC or LTC can't replicate.  

This is a weak argument because BTC and or LTC will not implement the changes, it would be too disruptive to the existing value of the respective currencies.  Many of the developers are financially invested in the coins themselves and would not implement a feature that would risk the loss of value.  As a result BTC and LTC will not implement any changes and even if the decision was made to do so it would be a slow and gradual implementation over several years.  The goose is laying golden eggs.
1034  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] eMunie initially backed by fiat on: June 03, 2013, 07:12:00 PM
what are the legal implications of doing so?  Would it be USD?  Will you apply as a electronic trading fund?  Will you have to register with the SEC?
1035  Alternate cryptocurrencies / Altcoin Discussion / Re: Most promising Altcoin for the future of mining? on: June 03, 2013, 07:06:14 PM
There is no promising altcoin 'couse world does not need it.
The only hypothetical use of alt-coins in the future is to provide anonymity for illegal bitcoins - BTC/ALTC and vise-versa conversions on stocks like btc-e.
Litecoin is more then enough for this purpose.
And this is, btw, the sufficient  reason why you won't ever see altcoins on gox - especially considering latest libertyreserve stink.

high frequency trading, transaction processing times between financial institutions, small footprint of financial organizations in 3rd world countries, opacity of the existing global financial systems, restrictive regulations,  lack of individual ownership of existing financial institutions, the list goes on as to why digital currencies are needed.

all fiat currencies provide anonymity for illegal transactions.  as long as fiat is physical is can travel through out a black or grey market for years with no historical record of transactions.

litecoin serves as much of a purpose as did the horse drawn carriage.  useful for its time but it cannot go as fast as today's cars.  the world will demands strong, better and faster.  litecoin is somewhat a mature coin now.  time to move on to strong better and faster.

1036  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Call to developers for total coin rebuild and new features on: June 03, 2013, 05:51:52 PM
Is there no way you can do c++? It would be great for linux adaption..

that is why the implementation of the mono library. http://www.mono-project.com/Main_Page
Mono provides cross platform capabilities.

Unfortunately my C++ skills are about 2 +'s behind the times.  I would much rather create a secure and robust product that can compile on all platforms, than try and fail in a language I haven't kept up on.
1037  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Call to developers for total coin rebuild and new features on: June 03, 2013, 05:47:59 PM
what about the blockChain?

if you are planning the currency to have a retail application you pretty much have to reform the BC.

the BlockChains will require some modification.  Blcosk will require additional fields for some of the features I'm planning to include, but I plan to run parallel merge mined BlockChains.  As of right now it might be the best solution to include an integrated exchange.  I'd like to know if that poses any risks, scalability issues.


i will tell you ha ha , none of any of that guarantees success ,which is the really funny and i find very a amusing thing about this business.

I really have to tell you , i love the fact that most people just Can't understand that.  

I totally agree.  There are a few innovated coins from the last couple years that are left in the dust because people don't Get them.  Namecoin and Devcoin are innovative.  No one wants to mine them.  Maybe they are great ideas but did not provide enough incentive to mine.  They needed to tap into people's greed a little more.


...the market perception of the closed source code , i.e where , what type of code , (could it be deemed nefarious in any way etc. );

will all have an impact on your currency because you are working in an open source environment , you don't get to choose that .

so you A bring out X currency and B copies it and leaves the closed source part out < but them points to your currency and markets it as nefarious.

B only has to have HelloKitty in his picture and he will probably gain more of the market than your super serious and quite legitimate design.  


I'm hoping to have 90% of the source open.  The closed source I believe would have to be the reward algorithim.  Anyone can come in and remove the library that contains the closed source and plug in their own.  I'm all for it.  I hope may architecture would support the capability to do so.  Most of the innovation will be open, the exchange, integration of wallets, etc, but the "secret sauce" that is closed is the way the rewards are structured.  It's a matter of keeping people guessing, making them speculate as to where the rewards are heading next adjustment.  Should they hold their assets to gain interest on the assets mined, should they sell because they run the risk of a rare destruction reward, will the reward grown next week or get cut.  A lot of variables increases speculation.  If everyone knows where the market is heading they will gather consensus and all move in the same direction.  Such is the fate of all alt coins so far.  Concensus is dilution and falling prices so pump and dump.

I don't fear the HelloKitty version of my coin.  I don't expect to get rich, hopefully well to do.  I expect to accelerate development of real feature coins and get past the carnage of the litecoin clone wars of 2013.  Now more than ever we need feature rich coins.
1038  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Call for developers for coin feature implementations on: June 03, 2013, 04:56:44 PM
reserved
1039  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Call for developers for coin feature implementations on: June 03, 2013, 04:55:57 PM
reserved
1040  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining elite on: June 03, 2013, 04:15:45 PM
yes, mine always crashes even without overclocking. i've tried different drivers and recompiling cgminer to no avail.

how close is wattage output relative to your psu capacity.  how old is your psu?  if you have more than one mining rig to you have the problem on all if them.  also what os? what amd drivers/sdk?
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