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It's sad to come to this realization but developers of Garlicoin are now trying to hide the truth and continue to market Garlicoin as ASIC-resistant while this is a blatant like. They still hold the 200k coins that were supposedly destined to the giveaway weeks ago and are also on the chase with a rogue dev that stole 40k of coins from the premine. It's unusual to see such irresponsibility with a development team. It's sad to come to this conclusion but I'll have to warn people.
The warning on the OP will stay until issues are addressed. The Garlicoin subreddit is censored.
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Taking a second look at this, how could the devs have overlooked this. Didn't Vertcoin switch from that algo for that very reason? Because ASICs for it were hitting the market. They were rendered useless pretty quickly though. |
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https://www.reddit.com/r/garlicoin/comments/7v199w/asic_resistance_40k_premined_coins_problem/REPOST FROM THE DISCORD ANNOUCEMENTS
ASIC Resistance - AN ASIC HAS NOT BEEN CONFIRMED
A short while ago we were alerted to what could be an ASIC on the network. It was however at a low hashrate, thus could be explained by cloud computing or simply someone with a reasonably large scale mining operation. This led us to discuss a potential hard fork, once more research had been done and it was confirmed that an ASIC was active. Our research is not complete yet, and any actual hard fork will of course have full involvement from the community once the situation is clarified.
Premine funds
It has also come to our attention that a premine address is potentially not honest, and has in effect premined funds that may not be sent to the airdrop fund. The vast majority of the premine is honest, and will be airdropped shortly. The development team is working hard to figure out who owns the wallet, and we are working on a potential fork to prevent those funds from being spent - this means the address, and all the coins that have been spent from it will be invalidated and banned.
The current evidence points to a member of the dev team owning the wallet - we do not know who, though we have ruled out some of the team.
We didn't catch this earlier because we were naive, and didn't believe that a member of the dev team would be malicious. With hindsight this was a clear mistake, and for that I can only say we're sorry, and we as a development team will work as hard as we can to rectify our mistake. Whoah. The developers are surely new to such development but this goes to show that the development wasn't well thought out to the least. Can someone with knowledge on such cryptography comment on if an asic would be feasible to be developed on Garlicoin's algo?
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That would really depend on where you reside. Most crypto debit cards require full KYC AML verification so it's impossible to "lie" about that. Many cards block out certain territories etc, so to find one you'd need to tell them where you are.
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The first one who posted here is Onion now, there is a garlic, I will develop a ginger coin, chili coin, broccoli coin, pepper coin etc  by the way interesting project! I think you better develop bread coin. It would go hand in hand with Garlicoin. Perhaps make it merge minable with GRLC for extra credit. You should then also go for oregano coin and perhaps even olive oil coin. All great garlic bread ingredients. |
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Now Garlicoin officially dead - dev dump their coins on exchanges instead of airdrop. Since the project is very much centered around the Reddit community, the devs want to give out coins to early subscribers of the subreddit community. But Reddit's Oauth caved under the heavy load so the devs are now trying to find different avenues to facilitate the airdrop under and still make it fair. You can watch airdrop addresses from the explorer's rich list. The addresses of the airdrop are marked as such. https://garli.co.in/richlist |
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Does anyone know how to mine in smos I have tried both ccminers with no success.thank you
Can you post your configuration please? Perhaps edit the above message to include it. Garlicoin needs to be mined on a miner that's compatible with scrypt-n and have it set to the right value and so default settings on most miners won't do. Also, scrypt ASICs can't mine Garlicoin. |
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I've updated pools in the OP and also included the very comprehensive list that can be found at http://pools.garlicoin.fun/If any pool admin can contact me on here you can be sure that I'll include your pool in the OP. Just PM me or post with a response to the thread. |
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A bearwhale kickcstarted a market-wide sell-off. I think that the sentiment was laready down from the past months so it's not hard to kickstart such. People are afraid of the economy collapsing further so we're now seing massive withdrawal from the crypto economy. Exchanges are still getting large volumes though so it's apparent that the price doesn't matter this time around.
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Tether, I think, is very much trust based. And the fact that it is backed by an organization that hold very little liquidity and has lost the trust of the crypto community on many levels (Bitfinex) makes things even worst. It's a required evil though because currently no better "stablecoin" solution exists. All those unlicensed exchanges can't operate without it and this is what's keeping it alive.
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I don't think a simple event like this would be the end of crypto. We've been through such many times and the price falls are a commonly occurring theme. I really don't see why people keep mentioning such remarked about the crypto space while it has proven time and time again that it keeps growing.
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I didn't understand a thing. With only 6.5 mh/s hashrate in solo mining, I calculate approximatively 65 hours to find a block. ( the network hashrate is 6.5 gh/s so I have 1000 times less ) But this profit calculator gives 12 hours : https://grlc.herokuapp.com/What is the right mat to calculate the block find time reward given the hashrate in solo ? Is it a waste of time given this low hashrate ? I'm trying for the first time solo mining, but I begin to think I will never find any blocks.. 6.5 MH/s is 6500 KH/s so ~12 hours isn't unreasonable when you're 1/1000 of the network. ~12 hours is just the average by which you'd mine a block in Garlicoin if you were 1/1000 of the entire hashing power. The coin has a block time of 40 seconds and the calculation is based on that. 1000 blocks in Garlicoin need 11.11(...) hours to be mined based on the target of 40 seconds. (40*1000)/(60*60)=1.11(...) which is ([block time target]/[1000 blocks])/[(seconds in a munute)*(minutes in an hour)]. Does it make more sense how? Also, 6.5 MH/s is a lot of computing power. But garlicoin's mining network isn't all that huge. You'r my man  Very clear now ! So, you think I can try solo given my 6.5 MH/s, and having hope of finding a block during next days ? And consider stopping pool mining given the low garlic network hashrate compared to other 'big' coins ? Cause yeah, I would not want to loose a lot of days without findind anything, and mining for nothing.. :/ See my edit in the above post. You can try it if you feel lucky but there's no guarantee averages will work out for you. You could go 150% the average calculated time or much, much more (even if the difficulty stayed the same) without hitting ANY blocks. Even pools are affected by luck in mining but it's averaging out through time to a very small percentage due to them owning a big proportion of the hash rate. Independent miners usually choose pool mining to stay closer to the average and not depend on luck. 1/1000 of the network's hashrate is solo-mining worthy, meaning that it makes more sense to solo mine in such a network other than in bigger ones. But with GRLC being so new I think that it's even more of a gamble to solo mine because the coin's uncertain future. In my opinion, you'd better use a pool if what you want to do is get some coins, there are certain ones with low or even no fees. See: http://pools.garlicoin.fun/Oh, and consider that renting is another option: Lots of people keep getting GRLC rigs to hash for them these days. I can guide you through signing up to the mining rig rentals platform if you need help. You're welcome (and Tips appreciated. ) Ge8JxXd8RmXtKRoEZKvmHxVuv53VSrQofE |
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I didn't understand a thing. With only 6.5 mh/s hashrate in solo mining, I calculate approximatively 65 hours to find a block. ( the network hashrate is 6.5 gh/s so I have 1000 times less ) But this profit calculator gives 12 hours : https://grlc.herokuapp.com/What is the right mat to calculate the block find time reward given the hashrate in solo ? Is it a waste of time given this low hashrate ? I'm trying for the first time solo mining, but I begin to think I will never find any blocks.. 6.5 MH/s is 6500 KH/s so ~12 hours isn't unreasonable when you're 1/1000 of the network. ~12 hours is just the average by which you'd mine a block in Garlicoin if you were 1/1000 of the entire hashing power. The coin has a block time of 40 seconds and the calculation is based on that. 1000 blocks in Garlicoin need 11.11(...) hours to be mined based on the target of 40 seconds. (40*1000)/(60*60)=1.11(...) which is ([block time target]/[1000 blocks])/[(seconds in a munute)*(minutes in an hour)]. Does it make more sense how? Also, 6.5 MH/s is a lot of computing power. But garlicoin's mining network isn't all that huge. Edit: other than that though, solo mining is mostly lucky. The calculation is mostly based on averages and expected values. It takes the difficulty at the time and calculates based on that and the target as a constant. Better mine on a pool if you want a steady and reliable stream of coins for your hashrate. |
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Ok, that seems and sounds very interesting. But seemingly comes out of nowhere. Any information on the team behind the project perhaps such as names and/or past experience?
Also, how is the validity of data streamed through your platform going to be verified?
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It's not another branch, it's just that information isn't final yet so I posted a direct copy of their website and linked to the whitepaper in a "pre-ann" to be as accurate as possible. Now let's hope "socialist" Maduro doesn't send a hitman after me.  |
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Disclaimer: I'm not in any way associated with Petro.  Whitepaper |
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How does a crypto with such a small block time target perform in terms of orphans? Orhpans and network propagation had been the main problem when it came to reducing block times with altcoins in the past so with this one using scrypt I don't think it'd be much different. Are miners facing issues with this one?
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Email is already peer to peer. What's the point of such a project exactly? Over-complicating simple online communications that are already using peer to peer standards? Like, if you have trust issues, you can set your own email server, everyone can. It's been like that since the creation of email...
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I have a question: is the number of TX to a single adress in Electrum limited to a number of receives? currently mining to a single Adress and had 1500 TX to it. Had similar amount un XVG-Electrum-Wallet and there i had a huge problem to withdraw coins from it, because the tx would be to huge or the fee was extremely (compared to normal 0.1 to finaly 17.4)? And if this is an issue, what should be done to continue mining?
Garlicoin fees aren't significant at the moment but Garlium does set a minimum when it comes to fees for outgoing transactions. I would recommend tweaking the settings so you can adjust fees manually in order for you to set it to minimum. Garlicoin blocks time is set to 40 seconds and there aren't many transactions now anyway so minimum fee should do it. I don't think you'd face the same problem with Garlicoin. I also have thousands of transactions to my addresses from mining but the maximum fee I'd have to pay was like 0.05 GRLC. |
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Anyone looking to rent a 300 KH/s card for mining? I have more to rent but I guess that making more affordable rentals might make them easier to access.
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