"Get ready for the HEX BigPayDay on Nov 19th 2020 where 200 billion HEX gets credited to stakers. (HEX's total supply is about 300 billion now) Stake HEX early, long and large, and watch it multiply!" https://hex.com/ |
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Response from Founder and Lead Developer of BiblePay (BBP), Rob Andrews: "1) CPU mined coins do have a future, because the RandomX algorithm actually takes into account the clock cycles required to perform a task in the virtual machine on every possible device - therefore the general belief is its not going to ever be exploited by GPU or ASIC (as it is designed to run slower on those platforms). Yes it might get replaced or upgraded some day, but bright minds do not see an attack vector. ( https://github.com/tevador/RandomX/issues/11) 2) There are over 100,000 randomx miners currently mining so its not true that a script kiddie can come in and take over the POW network. (65,000 on minexmr alone). 3) We have chainlocks, so in addition to RandomX there is a tiny fork risk because of our masternodes. 4) Its also not true that mining groups can take over RandomX because each machine runs the proprietary RX VM (virtual machine) and therefore you can't rent or steal or coerce new hashpower you simply have to have more miners. 5) BBP is fully compatible with RX so therefore we gain the security of the pool of RX miners as they discover merge mining." = BiblePay (BBP) coin, its a dual mine / merge mine with Monero (XMR), so you gain both coins at the same time (BBP + XMR)! 190% mining revenue!Learn More: https://bitcointalk.org/index.php?topic=5226080.0Some very interesting facts. Thanks for sharing. It seems to me that the CPU mining industry has a future after all. Never thought that Monero's RandomX PoW algorithm was extremely friendly to CPUs. As long as ASIC-resistance is kept in mind, CPU coins will be able to last for a very long time. Speaking of CPU-based PoW cryptocurrencies, Ravencoin seems to be a great option for mining nowadays. It goes easy on CPUs, and best of all, it's ASIC-resistant. There's also Wownero which is a fork of Monero that was the first to adopt RandomX PoW consensus. I wasn't aware about BiblePay's merged-mine PoW model, but it's good to know. A great profit opportunity to earn both coins using the same hardware. What I've noticed about CPU-based cryptocurrencies is that they're not that valuable on the market. Monero is the only exception as it's a tried-and-tested coin with privacy features unlike no other blockchain network today. The only issue about coins that are mined with a CPU, are botnets. This could greatly undermine the network's security against 51% attacks. But with well-thought-out development, anything's possible. The list keeps on growing, but the most prominent CPU coins on the market right now are Verus, BiblePay, Monero, and Ravencoin. If people continue to demand these cryptocurrencies, they'll be largely successful in the long run. Just my thoughts  >>> " The only issue about coins that are mined with a CPU, are botnets. This could greatly undermine the network's security against 51% attacks. But with well-thought-out development, anything's possible." Check out Chainlocks! It helps greatly against 51% attacks because of masternode (2nd tier node) system - https://dashnews.org/andreas-antonopoulos-calls-dash-chainlocks-a-smart-way-of-preventing-51-attacks/- https://blog.dash.org/mitigating-51-attacks-with-llmq-based-chainlocks-7266aa648ec9BiblePay has Chainlocks implemented and enabled! |
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Checkout BiblePay coin, it is CPU Only mining with RandomX algorithm You earn 190% mining revenue because you get both BBP and XMR (Monero) coins at the same time! https://wiki.biblepay.org/RandomX_Setup |
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"1) CPU mined coins do have a future, because the RandomX algorithm actually takes into account the clock cycles required to perform a task in the virtual machine on every possible device - therefore the general belief is its not going to ever be exploited by GPU or ASIC (as it is designed to run slower on those platforms). Yes it might get replaced or upgraded some day, but bright minds do not see an attack vector. ( https://github.com/tevador/RandomX/issues/11) 2) There are over 100,000 randomx miners currently mining so its not true that a script kiddie can come in and take over the POW network. (65,000 on minexmr alone). 3) We have chainlocks, so in addition to RandomX there is a tiny fork risk because of our masternodes. 4) Its also not true that mining groups can take over RandomX because each machine runs the proprietary RX VM (virtual machine) and therefore you can't rent or steal or coerce new hashpower you simply have to have more miners. 5) BBP is fully compatible with RX so therefore we gain the security of the pool of RX miners as they discover merge mining." Response from Founder and Lead Developer of BiblePay (BBP), Rob Andrews Earn both BBP + XMR at same time! 190% mining revenue! |
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Happy Bitcoin Pizza Day everyone!
Just ordered a pizza online to celebrate!
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I do not remember if I've said this in the past, but I'm saying it again Update to anyone who messages me privately, from this point forward anything sent to me is subject to being posted publicly I want conversations out in the open, not in the dark = Rob, I believe you broke the Bitcointalk forum rules, its as simple as that 13. Bumps, "updates" are limited to once per 24 hours.
32. Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.
I would love to see full message logs of what was communicated between you and the admins for more clarification = I'm not against moving main communications to your forum Rob, but I am against losing the visibility we have in the #1 crypto forum, I feel that we should still use this forum to at least post updates about BiblePay (whether it be this thread or another thread), Im against moving completely away from Bitcointalk |
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Rob Andrews, Founder of BiblePay (BBP) July 2017 is also the Founder of Gridcoin (GRC) October 2013 From reading the BiblePay forum thread, sounds like Rob is saying that his bible_pay account got banned, so he is posting from another account that he owns, the gridcoin account = Bitcointalk has a bunch of rules, Ive had my posts deleted in the past and Ive had a Bitcointalk mod (Flying Hellfish) give me a -1 trust rating for talking about BiblePay I also spent months trying to get an ad banner for BiblePay on Bitcointalk with Theymos and he kept moving the goal posts on us and never let us advertise LOL = Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ https://bitcointalk.org/index.php?topic=703657.0The admins generally dont like thread bumping (only one person posting multiple posts in a row), it seems you can get away with 2 in a row, sometimes 3, but after that you definitely risk getting posts deleted (if an admin notices or someone reports you) = Id love for BiblePay as a community to keep posting on Bitcointalk (in all subsections), since it is the #1 cryptocurrency forum I hope Bitcointalk admins can understand that Rob is not posting to bump the thread or to spam, each post is genuinely a legit post, Could the posts get grouped up? sure, and we can adapt to that if that is their rules |
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