I still don't think I understand why one can't just fake folding work and submit it? Will peers be performing duplicate work to confirm?
Yup, there is some work duplication to be submitted, over the years Stanford has developed quite a good system for work validation.  |
|
|
|
Unfortunately there is a major fault in gridcoin coding... And from what I see it only measures cpu % ... Which almost seems like a slightly skewed way to mine another coin while using gridcoin.
Curecoin offers a much different level of research gains in terms of total petahashes gained since curecoin will be gpu and cpu compatible for medical research at launch time. The work is also much more cheat proof then the well attempted but imo failed launch of gridcoin. Anyone that can read coin source will see it has a serious flaw in the coin base ... I like the efforts of gridcoin dev... Maybe the grid coin dev would like to work with team cure coin? Any how ., team curecoin is growing. .. I don't know if anyone leaked this detail yet but we already have top of the line nividia card to reward to a curecoin user.
Sent from my GS3 phone
But curecoin is just basically devcoin.. am I missing something? Gridcoin at least actually tried to innovate something. I mean you guys are kinda talking crap about gridcoin but this coin doesn't actually do anything at all. Not to mention the massive 10% going straight to your pockets. The dev funds are going largely towards community things, such as folding hardware giveaways, 0%-fee pools, etc. Yes, it is a coin developed around being sustainable, part of that is having a dev fund which allows the developers to spend large amounts of time on the project, as well as of course being able to further the project by providing a multitude of things for the community. Gridcoin did certainly try to innovate something, however the way they approach is is quite short-sighted. A minor client mod allows the person to not need to do any scientific computation at all and still gets 150 coins per block. We don't want to talk crap about it, but it has a pretty large inherent flaw: users don't need to do any scientific computation. GridCoin also doesn't (currently) take into count GPU usage, which is the major general computing workhourse of today.  At the end of the day, if adopted, CureCoin will cause some pretty massive folding computation, and while doing so will create a coin backed by ASIC mining. It's not a perfect system, and neither is Bitcoin. The dev fund, sure, will in some shape pay developers, but its purpose is to make the coin a sustainable project with a strong community foothold. |
|
|
|
|
Gonna start a newsletter signup soon, so people can get weekly or bi-weekly (twice weekly) news about CureCoin, protein folding, etc.
|
|
|
|
One of the purposes of the coin is to give both ASIC and consumer-hardware owners the ability to earn the coin with computational efforts, and allowing it to be merge-mined tends to devalue coins and gives it the stigma of a 'secondary' coin unfortunately. Merged mining is certainly an interesting concept for the currency, but we want it to be both a primary currency and a network of scientific computation Is there anything innovative about the coin itself or is it just dev coin with the numbers changed? Gridcoin is kind of doing the same thing with BOINC instead of folding but its actually built into the client to adjust the amount of coins someone earns (5-150) based on how much computational power they're putting toward bionic. Neither system seems perfect yet, hopefully we see something like XPM but useful in the future. Gridcoin's hard-coded block reward is pretty easily exploitable, a quick change in the way the code detects BOINC would give max coins every time a block is mined. Something like protein folding is nearly impossible to integrate as a central proof-of-work simply because, while they do take lots of computational work to complete, also take a large amount of computational work to confirm, so the network would be slowed down. This coin is built around a split folding/mining system. Also, a folding solution or POW built into the blockchain would cause the coin to be nearly impossible to add new computational projects to, while the current CureCoin system makes this extremely easy. |
|
|
|
Love the idea of this, but don't the folders get the short end of the stick here? The coins are split evenly between the asics/folders but the electricity cost is significantly higher on the folding side. Should be interesting to see how the folding side of things go over time. I just worry the incentive will always be there for the asics but not always the folders.
Good question! The payouts are even for both networks, meaning all folders combined make as much as all ASIC miners combined. Therefore, it really depends. If most people jump on with ASICs, then folding would actually have better pay per kWh. To put this in perspective, a $300 ASIC and a $300 GPU would, theoretically, earn the same amount, however since a GPU uses more power, people are likely to, if buying new hardware, opt for ASIC-based, thereby increasing the relative profitability of that $300 GPU. Due to the fixed bridge between the two portions of the network's computational infrastructure, there should always be some kind of balance maintained automatically by people adding hardware on both sides to compensate for higher per-capita coin availability in one network or the other. When people say ASICs are more efficient, they are really saying that ASICs use less kWh per GH, but since we're comparing GH to PPD through a constant ratio, energy efficiency will be only one of many factors that affect the extend of both computational power's profit margins. Wouldn't it have been better to just merge mine the coin into bitcoin and give less reward to that side? I mean the whole thing about this coin truly is the folding side of it, but instead of maximizing the incentive to fold, you cut the potential folding economy in half. The more money going to the folders the more people will fold and I believe the idea behind this to get more people to fold. Whereas if it were merge mined it would get mined regardless with a high hash rate. Maybe I'm over thinking it... One of the purposes of the coin is to give both ASIC and consumer-hardware owners the ability to earn the coin with computational efforts, and allowing it to be merge-mined tends to devalue coins and gives it the stigma of a 'secondary' coin unfortunately. Merged mining is certainly an interesting concept for the currency, but we want it to be both a primary currency and a network of scientific computation |
|
|
|
Been waiting for something like this for ages, always thought integrating Folding@Home with a coin would be excellent as so much more computing power could go to a good cause rather than mining some standard alt clone. I'd like to add this coin to my pool as well.
I'm a little confused with how folding gets counted. I see ASIC mining is as usual, join a pool and mine with cgminer et al then get rewarded by finding blocks but where's the correlation between using the Stamford client and this coin? From what I understand you use the standard Folding@Home client, how does this link into CureCoin?
Sorry if I missed this somewhere.
Folding payouts are done by our folding pool(s), which will count your stats, find what percent of total CureCoin folding efforts your folding represents, and pay out that percent of the daily 45% of the network |
|
|
|
Love the idea of this, but don't the folders get the short end of the stick here? The coins are split evenly between the asics/folders but the electricity cost is significantly higher on the folding side. Should be interesting to see how the folding side of things go over time. I just worry the incentive will always be there for the asics but not always the folders.
Good question! The payouts are even for both networks, meaning all folders combined make as much as all ASIC miners combined. Therefore, it really depends. If most people jump on with ASICs, then folding would actually have better pay per kWh. To put this in perspective, a $300 ASIC and a $300 GPU would, theoretically, earn the same amount, however since a GPU uses more power, people are likely to, if buying new hardware, opt for ASIC-based, thereby increasing the relative profitability of that $300 GPU. Due to the fixed bridge between the two portions of the network's computational infrastructure, there should always be some kind of balance maintained automatically by people adding hardware on both sides to compensate for higher per-capita coin availability in one network or the other. When people say ASICs are more efficient, they are really saying that ASICs use less kWh per GH, but since we're comparing GH to PPD through a constant ratio, energy efficiency will be only one of many factors that affect the extend of both computational power's profit margins. |
|
|
|
Yup! The installer (assuming you are on Windows?) will install FAHClient which will handle all the threads for GPU/CPU mining, and the program 'FAHControl' will allow you to set settings and configure/stop/start the folder. |
|
|
|
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC  Awesome Have you done protein folding before? Would you like some help setting it up? No never, i will follow the guide! Awesome, let me know if you need any help! |
|
|
|
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC Awesome Have you done protein folding before? Would you like some help setting it up? |
|
|
|
Is there a guide on how to mine with Asic? Thanks
There will be a guide at launch, however it will be very similar to other coins, you just point your SHA256-based ASIC at any one of the various pools we plan to have ready on launch. Additionally, you could of course solo-mine, and we'll have a guide for that too! Ah ok! Because i was reading this guide : http://curecoin.us/index.php?topic=9.0 and i was thinking there are different ways to mine :-) Oh yeah, that's for the folding setup if you are using a GPU/CPU ASICs can't do protein folding unfortunately, so they provide their service in securing the blockchain |
|
|
|
Is there a guide on how to mine with Asic? Thanks
There will be a guide at launch, however it will be very similar to other coins, you just point your SHA256-based ASIC at any one of the various pools we plan to have ready on launch. Additionally, you could of course solo-mine, and we'll have a guide for that too! |
|
|
|
Looks like a coin with a lot of potential. Just imagine all the people running folding at home, now they can actually make money at the same time! Awesome idea!! Can't wait for the launch, I'm going to throw everything I have at this one.
Yeah, if people can get paid more than the cost of their electricity for folding proteins, it's a real win-win, and this coin will always be relevant for GPUs and CPUs, so investments into those kinds of hardware don't have to be scary, like the are with all the other alts these days. |
|
|
|
AT LAST someone pulls this off! I love primecoin for it's intrinsic utility on top of making some coins, but this is outstanding!
Now, what safeguards do you have to validate the folding work? What simple proof-of-work is there? What prevents someone from submitting garbage?
Great questions! Since the folding isn't actually integrated into the blockchain but is rather an independent reward system (therefore the network keeps its cryptographic security, and protein folding doesn't bloat the blockchain), the work validation is done by the work-providing network. To start off, we are only using Folding@Home, but as the project grows, the beauty of the separate GPU/CPU computation pool is that more can be created to allow work done for other awesome projects as well. The F@H project handles stopping submitted garbage, and has some downright awesome protection against exploits. Work provided by work servers is provided redundantly, so if one person submits junk it's easy to pick out the incorrect workunits, and points will, for them, not be rewarded. |
|
|
|
16/11/2013
? hour: ? minute
Day-Month-Year month-day-year I don't like. It is simply illogical  If there's a launch time, please put it in UTC. 16/11/2013
? hour: ? minute
As we get closer, we'll put up both a count-down clock in OP and an exact time to be watching for it. |
|
|
|
When's the launch?
We're shooting for 11/16/2013 |
|
|
|
I'm going to guess some part of this is not open source. Am I right?
Correct, some components of Stanford's F@H project haven't been opensourced. The Gromacs they use is licensed under non-GPL and non-commercial terms. You can find out a bit more about Stanford's partially-open-source approach here: http://folding.stanford.edu/home/faq/faq-opensource/#ntoc7 as well as mention of support for community mods and more. CureCoin's coin portion, however, will be completely open source. Supporting software is largely trivial, but we are aiming towards high transparency, a major component of which is code freedom. |
|
|
|
Awesome! Anyone who needs folding help, PM me and I'll get ya fixed up |
|
|
|
I cannot add it to my sig right now. All I can do is bump this thread. Every bit helps, thanks |
|
|
|
add to your sig .. Support Curecoin  When CureCoin releases, we should edit OP to include a link to some more info about it. You down? |
|
|
|
|
Show Posts
