There is also an additional point...from an economic perspective in terms of problems, the issues with the larger scale scrypt ASICs would only rear their heads if they began to show un in the next few weeks on the network in the form of manufacturers mining farms, then switching the algo would make more sense. While this is a possibility with their delivery dates, it's unlikely. The more likely situation is a gradual increase over time, and the larger miners coming out in QIII.  What we are seeing now in terms of ASICs is gridseeds, which are pretty beneficial for everybody. Gridseed represents gradual asic introduction. Nobody is scared of their 5.4 M/hs blade likely to come out very soon either. Again, it's a good example of gradual ASIC adoption...which is fine.
The larger miners, such as Titan, are only problematic if it is suddenly introduced to the network in the next few weeks through large manufacturer driven mining farms. I think this is where the core fear of ASICs reside. However, if they begin to show up six months from now, it would likely benefit our network because of gradual growth elsewhere.

They are keeping X11 as an option in case the large scale ASIC farm is introduced to early, but ASICs after a couple of halvings and a gradual introduction can actually help the coin and secure the network. It is only when it is at the start of a coins lifecycle does it present a problem. Our early halving schedule is rather agressive though early on, two within a four month period. So our risk period is very limited. Even if X11 does get integrated, it is only with the expectation of delaying the introduction of larger ASICs, not eliminating them. X11 would be very easy to produce ASICs for if it popularizes, easier than scrypt was. Not to mention the potential botnet problem that X11 has.

We do want larger ASICs eventually, but there is only harm if they come to early, and there are benefits if they come down the line and gradually, big benefits. Two weeks from now it is a different scenario, but a highly unlikely scenario. It is likely though we will go through at least a couple of halvings before they even begin to show up.

These were long discussions with Development. I wish more people realized just how long an epoch is, and how agressive halving is in the first year. While I am more in favor of X11 (I am not dev though), my only issue with ASICs, is if the big ones come too suddenly in our lifecycle. I am increasingly skeptical about an early introduction happening.

Additionally, the next 3 months if you are a GPU miner will be the best time to mine no matter the direction. You are going to see the biggest rewards from it now anyway, after the first two halvings, it increasingly becomes fighting for scraps and waiting for wormholes, no matter the algorithm, coins become more rare quickly.

Remember, if there is a higher hashrate, it's a more secure network, the only problem comes if that hashrate is all in one place.

Our developers are looking at it.

Exactly :-).... i just saw the healthy and steadily growing of the buysupport.. its up to 7 BTC on Poloniex.. bottom seems to be ~400 sat ... i like that :-) its going up up up ... sloooooow and healthy

My friend, i think you need to add a bigger fee is all.

try it with a few larger then the one now. It should work.



PS.. GUESS WHO'S BACK!  

WORMHOLE hit today- block 42206

Blocks 42206 - 42386 were big winners today!! WHOOOP WHOOOOP.

Okay this is a little bit of analysis. Pros and cons of forks, and each algorithm.

X11
Advantages.
1. It is easy to set up for a miner.
2. ASICs are at least a year away.
3. It is GPU friendly
4. The inefficiencies of the algorithm actually bring advantages in terms of power savings.

Disadvantages.
1. Botnets are a risk. Darkwave should be implemented with it to prevent both botnets and multipools.
2. We have to rewrite everything
3. The fake hash vulnerability posted above.

Neutral
1.. ASICs will come if it becomes popular. This is not a bad thing later in the coins lifecycle.

Scrypt

1. It's easy to mine.
2. We don't need to do anything


Disadvantage
1. ASICs, and more specifically ASIC farms by the manufacturers early in the coins lifecycle. This can reduce our community size and also present problems for the network early in our life cycle.

Scrypt-N/Scrypt Jane
Advantage
1. ASIC resistant for now.

Disadvantage
1. It is hard to setup miners and we are looking to broaden our community.  

Neutral.
1. Nothing is ASIC proof, ASICs will come if it is popularized, even with adjustments.

There are other options too worth exploring.

Because of our halving schedule ASIC resistance is not needed forever. Our halving schedule is aggressive enough were it is not a permanent problem. There are also other alternatives as well, which are not being discussed. Such as possibly adding another layer, like Gridcoin.

Hopefully this is helpful.

Fake hash vulnerability.  Looks like the stratum pools need a patch.  

https://github.com/MPOS/php-mpos/issues/1938

You guys might want to rethink the X11 algo on the account of what this guy can bring to the table.  Might be a few more like him out there.

https://hiro.forkpool.com/index.php?page=statistics&action=pool

https://i.imgur.com/GaHxxiS.jpg

Something to think about.  


-tb-

This thread is practically pornography.

So its possible that X11 is a "Trojan Torse"?, trying to trick us with energy saving and ASIC resistant talk, when in reality its just a poor optimized algo?
And in the near future after a widespread adoption its true colours will show up? Like a super duper X11 ASIC miner?
Is the ASIC industry trying to manipulate us?  

Keep it coming guys - The whole team is reading every single post very interested!
We waited for the time when the discussion will take place so please dont let it die... discuss the x11 pro's and con's.

A little fuel:
We looked up the code and were able to see that the current 'power savings' are just temporary as the algo itself is very bad in shape so its not properly configured which leads to less work for the card. So if its 'optimized' ( which is something bad in this case :-) ) in the future that energy saving 'feature' will fall apart but the hashrate will rise because of optimiziation.
Furthermore all algos used in x11 are optimized for ASICs :-)