I like that you put a lot of effort into saying ASIC are coming soon (without knowing anything about it), yet, end your post basically saying the fear of ASIC is irrational (which is my whole point).
The point of changing algo isn't really to be ASIC proof. We pretty much learned at this point there will probably never be ASIC proof. The best you can hope for is that ASIC aren't extremely viable (like sha2).
So you think being the 4th coin people get as pocket change mining vert is gonna help emc2? Honestly, I'm not really arguing about this, I don't know, but it doesn't seem all that attractive to be another coin down the list of being merged with vert (which vert isn't even THAT popular either because of its gpu killing algo)
I never said I supported merge mining with Vertcoin.. I just said I support merge mining.. (the most logical would be with Litecoin since they are both Scrypt) nor did I say I was one of those hysterical people that fears ASICs. "ASICs will come soon regardless of which algorythm you mine." and "Fear of ASICS is irrational" are not incompatible statements. the argument for a change to Merge mining is all about securing the network and increasing the number of people holding the coins (i.e. network effect) not running from ASICs. What makes you think I know nothing about ASICs? I have been researching them for months. After all that's what any miner worth their salt would do. as I already stated there are already ASIC designs with 5 out of 11 of the X11 algos.. and there are even ASICs being designed (and close to production) for Scrypt N.. if you knew anything about ASICS you would already know that and you wouldn't need me to spell it out. to base any argument for changing the PoW scheme on fear of ASICs is both illogical, hysterical and ultimately futile... that was my point in case you missed it. I have been pretty much the first one to say Scrypt-N isn't nearly as ASIC resistant as people thought. The challenge with scrypt ASIC was to effectively manage memory. The amount of memory is pretty irrelevant, just need to have more available for the adjustment (higher cost, but definitely not a challenge like how to manage memory was). There is ASICs with multiple hashing algorithms already, but like you said, 5. The thing about that, is the more algos, the less efficient. It's easy as cake (for people who develop them) to add algorithms, The thing is hitting the point where it's viable to produce them (the many steps from and inbetween R&D, minimum contracts with fabs to assembling and shipping). Right now only one coin is really viable, being darkcoin, and with the exponential reward drop in darkcoin, ASICs would absolutely not be viable for that coin. All that to say, ASIC will come, but who cares. We are not close, and yeah, kicking the can down the street right now seems like a decent enough option. X11 is in infancy, and right now we are getting raped by multipools as soon as we hit a viable price. And about merge mining, I do like the fact (as you mentioned) that it would inevitably increase the pie size, which is ultimately what matters. But then, who would be, not only the perfect candiate, but also the candidate that will do it? Litecoin is obviously the BEST choice, but do you think we would be able to sell them the idea? I personally think it would be great, and that they would see real value in supporting a coin that DIRECTLY supports science (as opposed to some coins with "goals" and "purpose", this coin is actually doing it, and in a fairly automated manner). But what I believe would be the reaction of Litecoin devs with this request would be that it's a marketing stunt from us, and wouldn't want to give the impression of backing coins for their survival. They suggested it with doge because it was the "next best", which doesn't need much justification. So, if we're gonna talk about merge mining, let's talk about candidates. Algo change being possible, especially since merge mining will require US to fork. PS. algo change to scrypt N is a terrible idea, let's stay clear of that one. |
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And I would say X11. There is a lot of fear of ASIC being released soon for new algos just because people fear it, not because of the viability. It needs to be profitable before even starting R&D to create an ASIC. And we've all seen that R&D phase takes about 1 year , and another year to produce. Also the more an algo resembles general purpose comouting, the less attractive it is to develop one because the speed increase over GPU isn't as obvious. Therefor X11, even if it's the faster growing algo atm, it will need to become A LOT more mainstream before any thoughts of ASIC.
so you just kick the can down the road for a year and then what? the 50 million market cap of X11 coins has already provided the incentive to make X11 ASICS viable and real. there are already ASIC designs for multi algo chips that have 5 of the X11 algorithms. How hard could it be to add the circuits for the rest. this is childsplay for chip design companies in china that can operate on a few million dollars a year. merge mining solves the problem of A) attracting miners and B) keeping the network secure from 51% and timewarp attacks. it also allows you to put up taxes because no miner is going to complain about higher taxes on coins they get for free while mining another coin.... the panic about ASICs is just that... PANIC and nothing else. hysteria is not a new phenomenon and anyone who knows about it understands that the last thing you should do is base financial and economic decisions on it. I like that you put a lot of effort into saying ASIC are coming soon (without knowing anything about it), yet, end your post basically saying the fear of ASIC is irrational (which is my whole point). The point of changing algo isn't really to be ASIC proof. We pretty much learned at this point there will probably never be ASIC proof. The best you can hope for is that ASIC aren't extremely viable (like sha2). So you think being the 4th coin people get as pocket change mining vert is gonna help emc2? Honestly, I'm not really arguing about this, I don't know, but it doesn't seem all that attractive to be another coin down the list of being merged with vert (which vert isn't even THAT popular either because of its gpu killing algo) |
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I'm so sad to say what happens with this coin is exactly what happens with RPC or small scrypt coin in general. In the RPC thread I've warned the creator a few months ago and they called me troller, FUD spreader, even deleted my post. Ok the creator is not a dev himself so he couldn't understand some technical stuffs.
I posted here as well about a month ago about changing the hashing algo in order to avoid ASICs. The dev listens to the community and tested to change to X11. I don't know why he/they postpone it, or even cancelled??
Look at what happening now with 2 biggest scrypt coins out there LTC and DOGE. A handful of ASICs miners scare off the whole community. What do you think what will happen to us?
Accept the fact now, guys. Scrypt is dead. But I don't want to see this coin has the same fate. If you want to have a real science coin, look at Curecoin. I think it is an amazing idea.
what - I'm a small scrypt miner and I mine LTC, Doge and EMC all the time - the big scrypt miners have not scared me off at all. My income is the same as it was three months ago.  I resoundingly agree with the stated proposal that an emphasis be put on some level of integration with experiment.com. Changing algos is only a temporary fix because none of GPU algos are truly asic proof and this will shock the X11 and Scrypt-N markets as new hardware is introduced (discovered to have been in use for months) in a few months. Hybrid POW/POS with straight Scrypt and a more advanced method for adjusting difficulty would be a move I would like to see. I know it is currently unpopular to say so but Asics will not become as powerful for Scrypt as with SHA-256 but they may lower power consumption, and provide for strong networks. I agree algo change might be a temporary fix, but in the current state, even a temporary fix is warranted. Should release 1 fork with algo change and NGW/digishield. And I would say X11. There is a lot of fear of ASIC being released soon for new algos just because people fear it, not because of the viability. It needs to be profitable before even starting R&D to create an ASIC. And we've all seen that R&D phase takes about 1 year , and another year to produce. Also the more an algo resembles general purpose comouting, the less attractive it is to develop one because the speed increase over GPU isn't as obvious. Therefor X11, even if it's the faster growing algo atm, it will need to become A LOT more mainstream before any thoughts of ASIC. Another thing to consider, a lot of coins aren't doing so well right now because of the new flavor of the month thing, which currently is POS being multipooled. Right now 90% of them mines scrypt coins with the sole intent of being sold for something else, and emc2 has been feeding those. Good thing is, those flavor of the months come and go, and people seem to start to be tired of trying to follow the next artificial hype, so the time for coins with real purpose will shine soon. |
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It makes me sad to see emc2 in the state it is right now. I was searching for sth totally different, found emc2, found bitcoins, altcoins. Trading has been a major source of income for me since years, so I have been trading altcoins since that day. That was some interesting (and succesfull) experience thus far. In the past two months I learned alot (I hope) about this market, I will write down my view on emc2. I do not claim to be right, dont know if it is helpfull, but it wont hurt for sure.
One of the major mistakes was, the permanent emphasis on the "long run". As far as I can see there is no "long run". Altcoins are one of the most volatile and risky invetsments you can make. Most traders are focussing on the short term and are probably right to do so (you can still buy sth and hold if you like the concept, just do it with a very small amount of your money). Like it or not, but ignoring the market environment is not going to lead to a succesfull product. This market is 80% about hype, if you want your coin to succeed you have to accept that and behave appropriately.
I dont know how many times I have read (not only here), that while a coin is in freefall mode, it would be good thing that all the short term guys are selling and only the "real" investors are staying. Are you kidding me? How is that a good thing? All what happens that the coin loses its volume, dies slowly and the "investors" are sitting on huge stack they cant sell anyways because it would shoot the price to the rock bottom.
Emc2 still has one advantage, that is the foundation and a team that is still dedicated (mostly). I dont like every decission, but at least they are still around and probably will continue to do so. That is not something that can be said of every coin. Furthermore this coin serves a purpose other than a quick punp and dump. I wouldnt take the time and write this if i didnt think emc2 didnt have a chance, however the window is closing and it is closing quickly.
While I like ahumanbeings post, one thing bothers me:
"Once there is solid news that's when transparency will be given"
As I already pointed out, that is not the stock market and you are not a listed company. The coin may be dead once you come around the corner with your news. Let the community know what you are planning, even if it is in a very early phase and might not be done in the end. Create some hype. That doesnt mean spreading lies around. Look at the twitter account. The last tweet is 3 weeks old. If you dont change that, and quickly, this coin will die.
The team is being reformed and I will be pushing the social media channels very soon to bring in new talent. If you or anyone else reading this wants to be part of our promotions / marketing team, please contact me directly and we can discuss the details. I personally came into EMC2 after it was a month old with the intention of helping out in my spare time with promotion (mainly through Facebook), since I've been on-board it's basically been a rollercoaster ride. My role in the coin has gradually been increasing since I joined and now I'm basically the top guy moving things forward. This is my first coin project, my first dive in cryptocurrency in general, and I'm now seeking a new and more involved team. I am not complaining or giving excuses with my personal story, but my role is larger than I was willing to take on due to various aspects of my personal life. That being said, I am up for the challenge and I never quit what I start. I'm getting things situated, and spending more time replying to the community the best I can as one man. My goal is to have a stable team to push ideas forward and get the thoughts from our supporters. The community here is free to offer their thoughts to me and we can discuss how to achieve those new ideas openly. Please keep in mind that there was recently a fallout and I am taking on a new and higher role with the coin to make things happens. These are the first steps to a greater Einsteinium. Sure media channels is great and all, but in all honesty, I think what will make or break emc2 is the integration with experiment.com that was suggested. Do whatever it takes to get on board with them. |
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Another 250% plus payout complete!
indeed, today was even more than the past 2! |
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People who are cutting out the 2% dev fee using round-about methods simply shoudn't be allowed to use the software in the first place.
Greedy bastards.
actually the guy is using 99% of another guys work and releasing it without source with a fee. Until he releases the source, I would actually urge people to do anything to block the fee. There is 2 very fundamental reasons for that. 1. It's the GNU. You do not use open source software and release another version with a fee and closed source. It's pretty much the perfect example of GNU violation. 2. At this point, it could very well just be the monitoring showing higher hash rates. |
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By the way, the redirect of Hiropool.org seems to redirect to your homepage now instead of HiroPool.
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Last 2 days, this pool paid out about 2-3 times expected returns. Yeah, that's not 10%, that's like 300%. Try it out.
May not be like that EVERY day, but it certainly gives a damn good average with days like that.
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 Watch on youtube !Here's a little something I'm going to use in the next Hirocoin video I love you guys, keep up the good work. Good god... you failed... It should say "No ASIC YET" and what about whales and farms? they are as bad as ASICs... lol you moron. He didn't say say ASIC proof or anything of the sort, he said No ASIC. Which is way more accurate than no ASIC yet. God knows if there will be ASICs for X11. Even less when. All those trying to discourage X11, you know what? If it fails, there will be no ASIC. There will only be some if it succeeds, just like scrypt. And furthermore, look at how long scrypt has been successful, and look at the ASIC movement right now.... it takes years. So yeah. No ASIC is the most accurate info anyone can give right now. You seem a bit frustrated... I recommend a fair amount of coitus on a regular basis. Obviously, you failed to realize that I wasn't trying to make a point against X11. But hey... can't expect much from this community... heh. I think you failed to realize I said you are a moron for calling an excellent clip a fail because he put more accurate information than you suggest. |
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Watch on youtube !Here's a little something I'm going to use in the next Hirocoin video I love you guys, keep up the good work. Good god... you failed... It should say "No ASIC YET" and what about whales and farms? they are as bad as ASICs... lol you moron. He didn't say say ASIC proof or anything of the sort, he said No ASIC. Which is way more accurate than no ASIC yet. God knows if there will be ASICs for X11. Even less when. All those trying to discourage X11, you know what? If it fails, there will be no ASIC. There will only be some if it succeeds, just like scrypt. And furthermore, look at how long scrypt has been successful, and look at the ASIC movement right now.... it takes years. So yeah. No ASIC is the most accurate info anyone can give right now. |
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Watch on youtube !Here's a little something I'm going to use in the next Hirocoin video I love you guys, keep up the good work. That is absolutely wicked. I usually don't get impressed easily at those things, but that's sharp. |
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Keep in mind every coin gets a huge boom when they hit the POS only phase.
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The leadership structure is already in place, and the core dev never left the team. Some people came and went but a core group of us has been working on this, including the person who created the coin. We are not going to drop things just because one person quit publicly, and we are dedicated to continue working on this coin. There is a certain level of churn with organizations dependent on volunteers, a core group often sticks around, and others come and go. This has been the case for us as well. Let me be clear once again, Bob left, not the core team involved. Those actually dedicated to the foundation and the coin are still around working on this despite what anybody else says. If you want to help us, you are welcome too.
The other issue is that the new website is done, and we are at the stage we need to fill out content before we deploy it. The content is not our web developers responsibility at this point. Once the content is done, the page will be deployed.
I should note one thing, if it is not already obvious, there was a hostile relationship between Bob and the Web Dev. There personalities clashed on more then one occasion. In some ways the personality clash acted as an impediment to accomplishing tasks.
As we said before, we welcome volunteers, as long as they are clear what they can do for us, and will work with us in a professional manner. We don't mind people who just want to accomplish a single task for us either. Again, the core group of us is still working on this, just because a single person quit publicly taking out their issues publicly on the board, does not mean those of us who are actually dedicated to the organization left.
With all due respect Chritine, I think you have some of the facts backwards. Firstly and foremost the personality clash between Diox and myself did not impede any tasks from getting done. What impeded the tasks was DIOX's lack of work ethic and argumentative nature!!! He always keeps saying things like "a new site wont bring people in" and "get me traffic to the site and i'll get it looking good" How can I refer potential investors to our site if it looks like shit, I'll just be wasting a good lead!!! I offered to pay out of my own pocket to hire a full time webdev, but Diox, begged and pleaded to not have a new webdev join the team even though we would have had the site up and running properly 3 weeks ago. I did nothing but help the team, be it covering legal fees, incorporation fees, PAYING DIOX, working the social media, contacting exchanges and keeping the team focused and on track. I gave out over 1M emc2 to help giveaways and pay for services.. Really you're making me to be the bad guy and I don't think its just! Also, stop making it sound like I was not dedicated. I put in more time, money and effort then any other single person on the team, including yourself! Thanks for throwing me under the bus! Bob EDIT: Maybe you should add the bounties to the bounty section in the OP, also an update there would work well too, the last update is about the wallet update.. That's over a 6 weeks old! Also, what is the true number of coins to be mined, I read somewhere that the true number of coins will be around 700M. I can search for who said it and when but I think you'll already know who and when. Whats the deal with that? No where did she insult you in any way. She said you and Diox clashed more than once, and she didn't get into the nature of it, likely out of respect. She basically repeated what you said, you just felt the need to justify yourself further. You had disagreement with someone, that's what she said, that's what you said. I'm sure the nature of your arguments were valid, but at very least, the other guy didn't make it his mission to sink a ship while leaving. You made your point clear a while ago, I think you're good to go now. |
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Need a support thread for the multipool.
Will gain visibility and good vessel for suggestions on features. Just good overall. That video will be seen much more through that kind of thread too.
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Kind of cheap at the moment .
kind of? :p Like every POW/POS coins, once POW ends, price will spike. And with only 4.7mil coins, who knows how high that will be? |
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You can definitely leave now. About 98% of what you say is completely stupid (your talk about multipool showed just how little you understand anything). The other 2% has already been addressed many times. I'm sure you can use your time more wisely than lurk the thread of a coin you don't support. |
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That looks friggen great!
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Hi everyone,
As 'the official' developer for the coin, I would like to chime in.
I have been using einsteinium account on the forum in the past, but this time I am posting from my own one.
Bob's frustration is partially my fault - I could not devote as much time as I wanted to the project recently. I believe he wants the best for the coin, but he gets discouraged easily where there are no immediate results.
However, the important thing to stress out that we have got a great, very dedicated team behind the coin, working really hard around the clock. Becuase Einsteinium essentially revolves around The Foundation, the 'coin dev' part is just a little element in the whole puzzle and actually maybe not even the most important one.
It is true that things and various projects we are currently involved with take longer than expected, but please keep in mind we all have got full-time jobs and we are doing our best to manage this. The Einsteinium Foundation is a non-profit organization, so our funding options are quite limited as well.
We are here for a long haul. Thanks to everyone involved, Foundation have already vitally contributed to the science development with the donations made so far - this is something rather unheard of in crypto world. It is only going to get better from here.
I want to reassure you that we are 100% for supporting the coin and The Foundation. Personally, I strongly believe that with Einsteinium we have created something trully unique and significant in crypto landscape (and beyond). It is not just the currency alone, but the synergy with the Foundation that make EMC2 to stand out and that legitimizes is as a viable long term undertaking - unlike many coins out there that just exist for their own sake.
Thanks for your ongoing support - we could not make it that far without you. Please bear with us as we work towards making Einsteinium even better project.
And now please post with the einsteinium account to validate this post, or else, everything just said shall be ignored by everyone. I'm sure you understand why. |
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