No such thing as asic-proof with most common algorithms. If the schedule is known in advance, an ASIC designer can make the necessary accommodations.

If on the other hand the coin is protected by the will of the devs to hardfork to something slightly different, then any algorithm is ok. For example just as scrypt-n could change the n factor, X11 could hardfork to reverse the flow of hashing between some hash types, thus braking ASIC functionality that expects the flow to go a certain way. Or even adding another two three hashes and making it X12/X13/X14/X15 etc.

Hey everybody!

Just an update on the situation. I sat with Vignesh today and we put together a support team and process to handle all current requests. Some of the issues are as silly as pressing a button on our end and others require an update of the entire blockchain. Right now most issues have already been resolved. We are updating the Doge Coin and Bitcoin client to prevent a fork and 0-conf issues. Any delays in Doge coin or Bitcoin withdrawals will be processed within the next 24-48 hours. If you're having specific issues please refer to:

https://coins-e.freshdesk.com


Thanks for your patience!

...
The intent of LTC when released was to be resistant to GPUs/FPGAs/ASICs for the foreseeable future. One quickly went down, and with the advance in lithographic technologies and geometry creation, the second is being bypassed and it's going straight to the third one.

As a note, the thread on the LTC forum is not from the "developers" who want to fork LTC. So it still looks like profit motive. Maybe this is the new paradigm that people are going to use to make money now: forking already existing coins to new algorithms with the intent of "ASIC-resistance."

I will say, ASICs are just a new starting barrier for a coin. In no way does it decentralize the system as anyone is still able to participate in the system. In fact, ASICs provide the service of securing a blockchain which is just as important. After all, the same arguments happened with CPU vs. GPU. And in fact, for a long time, GPU was akin to ASICs as only certain cards could mine more effectively and we had a whole bunch of hobbyists trying to outdo each other by tweaking existing components to gain an additional edge. ASICs to me are just the next evolution of that. The difference is that instead of manipulation from the hardware level, it's being done at the wafer level.

I find it very concerning that the main developers aren't behind this and may not even have had an opportunity to view this proposal, let alone comment on it. I also find it very concerning how lightly these guys are taking the idea of a hard fork. To hard fork a chain as established as Litecoin is without some chain-breaking emergency going on (i.e. Scrypt found to be completely broken), you need at least a year and a very good plan. The premise of leaving a placeholder for the new client downloads and making it seem like a block has already been chosen for the fork is misleading at best, if not outright fraudulent.

Therefore, in the interest of protecting the Bitcoin community, I have rightly flagged this thread as unofficial. You should be ashamed of having posted this.

We cannot say it was really a ninja launch, there was a thread mentioning that a new coin would be launched. Just the hour of the launch wasn't mentioned.

Regarding the 7am launch time, depends which country you live in.

But this thread is for discussing the X11 for LTC, ASICS will probably make the price go up, but they'll stay in the hands of few.

There is understandable trepidation behind scrypt ASICs. And that's fine.

However, it is not fine to affect hundreds of millions of dollars and investment because of said trepidation. Going renegade is a disservice to the developers and to the community. Even with all of the anti-ASIC rhetoric, I still feel a change to the algorithm is still a fringe movement. If they truly cared about LTC, they would have posted this on the LTC forum first and linked it to the BTC forum.

All I see again, is profit motive.

decentralized = anti ASIC
ASIC gives the Hash to a few people only. The idea of LTC was anti ASIC.

So go for it

Be careful when withdrawing your BTC on Poloniex right now... I tried to withdraw 1BTC this morning and it somehow landed in a different address when I look at the block chain even with confirmation to my personal wallet. Waiting for a response from support right now.

Austin Global is currently testing a public market info API and as well a as a trade API. We have reached out to a number of sites and are working with them to make sure we provide the data and level of service they require to list Austin Global and its markets. We do anticipate rolling out the market data API very soon with the trade API following a few weeks later.

We have been working hard on making a number of tweaks to the site that we will be rolling out soon. Stay tuned and follow us on Twitter for more updates.

-Austin Global Team

Find us at:
agx.io
bitcointalk.org/index.php?topic=507474
bitcointalk handles: "agx.io," "AustinGlobal"
twitter.com/AustinGlobalX
austinglobal.tumblr.com

Don't be a stranger, check up on us once in a while

...Also Auroracoin has had a 51% attack succeed in causing two small and one large fork. S...

Have some BTC stuck pending in coinmarket.io.

Has anyone else received theirs..?

Cheers.

Any suggestions for a reliable exchange for DOGE?
Vircurex is out of the question, Cryptsy and cryptorush is not too reliable either?

What are the options nowadays? Private exchange with escrow?

Thanks

https://nobl.charityminingpools.com

My electric for mine equates to roughly £1 a day. Though I only have 1 280x

I'm sorry guys but I would like to try and bring some logic to lessen ASIC worries.  So I'll address these issues one at a time:

• "People using ASICs to mine will ultimately bring more coins into the ecosystem and more large sell offs [also known as "dumping]."

Okay, this can be argued both on the technical level regarding coin production, and argued on the economic level regarding miner selling habits.
First off ASICs do not mean more coins will be produced.  It means difficulty will rise, which in-turn helps keep coin production constant.  Very few people will mine at
a loss electricity wise, meaning that a higher difficulty very often leads to a higher price.  Note:  ASICs will push difficulty higher but lower coin production [mining] costs,
so it should not adversely effect values.  Secondly, nearly all miners with more than 2MH/s in hash-power are looking to pay expenses and get a return on their investment,
GPU miners are no different from ASIC users in this regard.

• "ASIC miners will ultimately decimate the Alt-Coin scene in both profitability and value" 
  I'm sorry but I fail to see the basis for this argument.  Yes, GPU miners will be pushed out, just like they were in regards to SHA-256 mining, that didn't mean Bitcoin died out. 
  Refer to the above points for more reasoning behind why it ultimately won't "destroy" these currencies.
  
  
• "Scrypt ASICs favor those with more investment capital, meaning the rich get richer and it is unfair in regards to cryptocurrency."
  Again, this is no different from GPU mining.  There are those with numerous GPUs running solely for the sake of mining, it is no different from
  ASICs.  More capital ultimately means more currency for an individual, its just how it all works.  ASICs don't change this.
  
  

Note I do not own any ASIC mining hardware, so I say all of this not to protect my own investments.  I do run multiple GPU mining units though,
and while I can see that in regards to Scrypt I am a dying breed, I'm not going to spread FUD to try and help secure my economic position.
Thank you for reading.

We will be releasing a bit of a 'manifesto' over the weekend regarding everything that has been in discussion across the entire forum (our ANN and BTCT) for the last three months to clear the air and answer any questions. It will answer everything on tech., forks, algorithms, and everything non-technical. I have literally spent 18 hours a day for 3 months on NobleCoin and very deep in this scene, too deep if I wanted to keep my idealistic view on crypto. (a year beforehand on cryptocurrency but not as time intensive or at the same level). I think it's time we set our gameplan, intentions, 'standards' and 'policies' in stone. I don't think anyone who has stuck with us at this point will be unhappy with how we're going to take it forward as the 'short-term profit-taking coin-hoppers' have long moved on (I don't begrudge them, but at this point they are no longer a part of Noble). In fact I'm hoping it sets a solid anchor for us to move forward and brings a lot more people into the community to support us in one way or another.

Ok, so this is a one time only offer. The first 10 people to mine on the charity pool at https://nobl.charityminingpools.com and stay on there for at least 24 hours get 1000 noble each.

Either reply on this thread, or PM me.

Under 100kh gets 500 Noble.

James

Edit: No I am not affiliated with the pool, I just hate a good idea going to waste

Hi all,

We have managed to gather about 50% of missing funds in bitcoins, we will be buying missing altcoins with them this weekend. After some calculations we came to a conclusion that 50% is a fair number to resume exchange operation and if all the users wont withdraw their funds right away, we can keep it running using fee incomes to get the second missing part covered with them. We also called several security audit companies to do an audit for coinex. We're sorry for this to take so long but it should be understandable that recovering a business from this point is really ALOT of work. I am personally a rare guest at forums and other chats since chatting doesnt really help to get it back to life, it only takes time from getting the actual things done.

Again, I am personally giving my apologies for bad estimates about restoring our services, this is a tough thing to try and estimate time for it as it depends on too much factors, like altcoin markets not being deep enough to buy in alot of coins missing from our exchange.

Another personal note: as a try to gather more funds, I am selling my GPU farm now which is 24x Radeon HD 7990 and I will be happy to send it anywhere around the world and accept bitcoins as a payment method. Those bitcoins will go to cover the coinex losses, too. You can find a pic of my rigs attached, you can buy the whole rigs or just the cards as you wish.
Pics:
http://cl.ly/UhYY
http://cl.ly/UhXl
http://cl.ly/UgWm
http://cl.ly/UhIU


Also, if anyone wants to donate to help coinex get back to life, here's the BTC addy to do that:
16Xs3TsZWwoRZnKEXJZh72FUrzWv7VKbn4

Thanks for your patience,
- erundook

Ok. Now it's time to calm down a little. You're crossing over into crazytown just a lilbit.

That wouldn't even make sense... People pay big cash for those ASIC miners, why would they destroy the coins they mine. They need to get their investment money back. Coins will however have to prove themselves more then ever because the weak and unsupported coins may not survive it. And the coins you are mining right now might even be worth a lot more because there will be a much much higher difficulty and a lot less people will be able to mine. Sure, in the transition period where only a few ASICs are out the difficulty will be in between and you get mined away by them but once the market settles and adjusts to these new changes the stronger coins will live.