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1  Alternate cryptocurrencies / Altcoin Discussion / Re: The answer to the question what the final coin amount of Ethereum will be on: January 31, 2016, 04:12:02 AM
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

...

As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).

Technically incorrect, PoW difficulty increases exponentially after 1 year, causing the block interval to increase and block creation to essentially cease.  Before then a hard fork is to be issued, likely to PoS / Casper.  No details are set in stone, however a 1500 coin staking minimum has been suggested.  The PoS monetary policy is TBD, could be tx fees + inflation or processing fees only, subject to security considerations.

https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 04, 2015, 11:04:03 AM
As this work was financed, all I can do is provide a sanitized screenshot.  This is a simulation of the FPGA version of the design using a UART interface:

Also note that my design has a number of compile time parameters/constants which affect the performance/throughput.  The above simulation is for a design with basic settings only and a nominal clock rate, so the time intervals shown do not reflect expected performance.

Thank you very much for your professional input (reminds me of my student days on the altera test boards, lol),
Am wishing you all the luck with your project and perhaps it will be brought to fruition one day in the future if the price goes way up and this becomes a viable project to manufacture and sell.
Small tiny last question please, am wondering roughly how many man hours or months of work it has taken to get this far?
(btw, 'beefdead' is a funny hex number, is kind of like 'boobless' in decimal)

ASIC X11 miner simulation for a FPGA



Well I started almost a year ago, litecoin took me about a month or so, the x11 hash functions about 6 months (maybe 2 weeks per module, some a bit less, some a bit more), and then a few months to do integration, handling multiple cores etc.  I am still finishing off protocol to handle comms between SPI master (ie rPI) and a chain of chips.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 02, 2015, 11:53:50 AM
i now mining dash with gpu, and i want to know if old x11 miner can be used to mine dash ?

edit : is x11 asic miner exist ?
Of course...I'm also mining.

I think x11 asic miner is still no present. But maybe I'm wrong.

A fair point to bring up occasionally but..
the question is rather, is it economically viable to design and build an asic machine for X11?

I designed some very tiny micro controllers and FPGA's in University for projects and we built a fast chip that could multiple two 4 bit numbers together.
You might think that its easy and can be done in 5 minutes, but it took days of involved boolean algebra, testing, errors, checking the faulty logic for latency overlap problems etc. Basically you can make any (speedy) function only from Nand gates and flip flops  but you will need very many of them and they are time consuming to setup.

So how long do you think it would take to design a logic circuit  to do 11 hashing algorithms from scratch ?!
The Sha256 maths on paper takes 16 minutes, and this is way more complicated.
https://youtu.be/y3dqhixzGVo

The months of development is not the killer issue though,
This is going to require a lot of logic in series and some of the hash functions will be quicker than others so you will have most of the circuit not doing anything for most of the time hence it will be costly to have relatively unused circuitry(more than common GPU's most likely)
You could optimize it of course in order to use some of the redundant circuit but this will bring in a new round of testing and errors (using the same part of an algorithm twice is risky as they may over lap-must be thoroughly tested)

So months down the line and 50k-100k later (investors getting nervous) drawing closer to an official release, you find that AMD have just released a new graphics card that is twice as quick as the last and Wolf0 has optimized the .bin again (TIA), thus quadrupling the hash rate so your promised pay back time has now gone up by 4, not such a hot seller on ebay any more.

And even if you get past all that, it has already been said that if there was an X11 asic machine developed, a fork could be taken immediately and now we have x12 instead and all that hard expensive work at the R&D labs for months was a complete waste of time (for this X11 coin anyway). Would any company take such a risk, with that in mind ?  (feathercoin done this already)

So do you take the first option, or do you go out and simply buy a few cheap Nvidia 750 ti's and wait for the next upgrades?

https://dashtalk.org/threads/x11-mining-optimisation-project.2584/page-6


I have personally designed an X11 ASIC - well the RTL only, which can be used for either FPGA or ASIC implementation.  It includes a mechanism to account for variations in performance between each hash type.  Unfortunately the economics are just not there yet to get this turned into a layout.

If you were to submit a proposal for a Masternode vote (when it becomes available) to release an open-source FPGA or ASIC miner it might be possible to gain the support necessary to achieve funding. I don't have the figures in front of me at the moment but I imagine it would require quite a rally in order to be economically viable.

We are potentially open to this, however investors have spent a fair amount to get where we are and its unlikely the development fund payments will be able to cover it.  The community would most likely vote for funding to be spent on protocol improvements rather than mining infrastructure.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 02, 2015, 11:32:41 AM
I have personally designed an X11 ASIC - well the RTL only, which can be used for either FPGA or ASIC implementation.  It includes a mechanism to account for variations in performance between each hash type.  Unfortunately the economics are just not there yet to get this turned into a layout.

This is way beyond anything we did, I would love to see how far you have got, do you have the program or the simulator results, what  
sort of speeds were predicted, could you tell ?


As this work was financed, all I can do is provide a sanitized screenshot.  This is a simulation of the FPGA version of the design using a UART interface:

http://imgur.com/iD2nqsm

Also note that my design has a number of compile time parameters/constants which affect the performance/throughput.  The above simulation is for a design with basic settings only and a nominal clock rate, so the time intervals shown do not reflect expected performance.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 01, 2015, 01:15:38 PM
i now mining dash with gpu, and i want to know if old x11 miner can be used to mine dash ?

edit : is x11 asic miner exist ?
Of course...I'm also mining.

I think x11 asic miner is still no present. But maybe I'm wrong.

A fair point to bring up occasionally but..
the question is rather, is it economically viable to design and build an asic machine for X11?

I designed some very tiny micro controllers and FPGA's in University for projects and we built a fast chip that could multiple two 4 bit numbers together.
You might think that its easy and can be done in 5 minutes, but it took days of involved boolean algebra, testing, errors, checking the faulty logic for latency overlap problems etc. Basically you can make any (speedy) function only from Nand gates and flip flops  but you will need very many of them and they are time consuming to setup.

So how long do you think it would take to design a logic circuit  to do 11 hashing algorithms from scratch ?!
The Sha256 maths on paper takes 16 minutes, and this is way more complicated.
https://youtu.be/y3dqhixzGVo

The months of development is not the killer issue though,
This is going to require a lot of logic in series and some of the hash functions will be quicker than others so you will have most of the circuit not doing anything for most of the time hence it will be costly to have relatively unused circuitry(more than common GPU's most likely)
You could optimize it of course in order to use some of the redundant circuit but this will bring in a new round of testing and errors (using the same part of an algorithm twice is risky as they may over lap-must be thoroughly tested)

So months down the line and 50k-100k later (investors getting nervous) drawing closer to an official release, you find that AMD have just released a new graphics card that is twice as quick as the last and Wolf0 has optimized the .bin again (TIA), thus quadrupling the hash rate so your promised pay back time has now gone up by 4, not such a hot seller on ebay any more.

And even if you get past all that, it has already been said that if there was an X11 asic machine developed, a fork could be taken immediately and now we have x12 instead and all that hard expensive work at the R&D labs for months was a complete waste of time (for this X11 coin anyway). Would any company take such a risk, with that in mind ?  (feathercoin done this already)

So do you take the first option, or do you go out and simply buy a few cheap Nvidia 750 ti's and wait for the next upgrades?

https://dashtalk.org/threads/x11-mining-optimisation-project.2584/page-6


I have personally designed an X11 ASIC - well the RTL only, which can be used for either FPGA or ASIC implementation.  It includes a mechanism to account for variations in performance between each hash type.  Unfortunately the economics are just not there yet to get this turned into a layout.
6  Bitcoin / Bitcoin Discussion / Re: Legitimate Uses of Bitcoins and the Dark Government on: March 29, 2015, 05:33:32 PM
The legitimate use of Bitcoin is to protect against the illegitimacy of the state.  I assume you, Kim Dotcom, and Cypriots now need no convincing of this.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Leocoin ? on: March 28, 2015, 07:26:44 PM
paycoin 2.0
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: March 23, 2015, 06:51:40 AM
... third parties can pick up the slack on wallets and such (with some funding provided by the core team)...

So the core team has enough coin to throw at outsiders?  Where did they get these coins?  Instamine?

Our own damn pockets, like the rest of the close to 200 BTC we've spent on the coin out of pocket (after donations) so far.

Wrong thread though. Unless attack-the-attacker is your actual intent.


Talk about absurdity.  Monero and instamine, yeah.... Ok...

Acceptably Mined Altcoins: There are no instantmines or premines in Monero. The smooth block subsidy scheme could be a little bit more tapered towards a slower distribution than it is, but ultimately this coin passes the smell test.

Extreme caution: That means in less than 8 hours, almost 5% of the Darkcoins that ever will be created spawned in that 1/3 of a day. It's safe to say Darkcoin has left it's investors in the dark on this one.


I don't normally reply to these... but monero also had distribution problems.  The open source mining code was extremely inefficient, allowing insiders to mine with advantage.

DISCLAIMER: I hodl XMR and DRK.
9  Bitcoin / Armory / Re: Armory Hardened: DIY Armory Hardware Wallet for $29 on: February 16, 2015, 01:46:21 PM
Interesting project.  I was wondering whether you have seen http://www.inversepath.com/usbarmory.html ? coincidentally also called armory...
10  Economy / Trading Discussion / Re: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... on: February 02, 2015, 01:07:18 PM
BayAreaCoins in happier times...

11  Economy / Service Discussion / Re: Can't withdraw BTC from Bitstamp on: January 05, 2015, 02:57:09 AM
Got this message on my account and no replies from support for 7 days.  Is there even a single person running Bitstamp support?
12  Economy / Speculation / Re: Is this the end of me? on: December 21, 2014, 06:47:40 AM
http://www.alcor.org/blog/hal-finney-becomes-alcors-128th-patient/
13  Bitcoin / Bitcoin Discussion / Re: TIL: Where the bitcoins at… Mysteries of the Blockchain on: November 18, 2014, 03:12:59 AM
Multisig testing?

Quote
1 Satoshi Multisig:

There are 16,848 multisig addresses with a 0.00000001 balance. Why? who knows…
example: https://blockchain.info/tx/045727591618d2154239956332f307c754a52c0e7896856a05848ec7065db1c3
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2014, 06:16:54 AM
BTC was featured on Australia's flagship, fear pedalling, commercial network, gutter journalism driven,  current affairs show.... Typically dumbed down but still gracing the screens of millions of "mainstream" fuckwits across our wide brown land. The closing comment is a killer, and delivered in a deadpan but brilliant manner. It's only short so give it a watch:

https://www.youtube.com/watch?v=sZbsJ_fz-zg


"where do you see bitcoin heading"  

A: "To the MOON" with a serious face and everything. I LOVE it Cheesy


That guy lost most of his bitcoin in Bali http://www.coindesk.com/early-bitcoin-adopter-calls-multi-sig-solutions-750-btc-theft/
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: July 31, 2014, 05:56:51 PM
trading

I have never even been able to understand what the point of Ripple is, now there's another one? I don't get it. I can already send bitcoin to anyone I want by using a bitcoin client and I can buy bitcoin and trade and exchange bitcoin with other services on the internet. What exactly makes Ripple and Stellar special? What benefit is there to using it vs not using it?
16  Bitcoin / Development & Technical Discussion / Re: Here is how to make a brain wallet 100 times more secure. on: June 17, 2014, 12:59:37 PM

You musta missed the fact everyone uses https://keybase.io/warp/ now?

I keep hearing that brain wallets are not viable solutions and that we have to use hardware/software wallets with a bitcoin client to have a secure wallet, because of the lack of entropy in wallets generated by brainwallet passwords. Rubbish! There is a really simple way to fix this problem and make your brain wallet 100 times more secure.

Code:
Private key = SHA256(salt+passphrase)
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet on: May 29, 2014, 03:28:53 PM
Can someone explain to me why a PoS coin is named after a PoW algorithm?
18  Economy / Digital goods / [WTS] on: May 23, 2014, 01:13:31 PM
Deleted


19  Economy / Trading Discussion / Re: KYC with Bitstamp! on: April 13, 2014, 07:23:42 AM
I am having the same problem with Bitstamp.  I have made a sizable deposit which they have confirmed receiving, but will not give me access to it, and have started additional KYC even though I have already handed over personal details such as passport. 

I have now provided them evidence of where the money came from, although I don't think this should be required.  My funds still remain tied up, with support response times of longer than a day to each individual message.

Note that each additional reply made to a support message puts it at the end of the queue, so no proper dialogue with support is possible:

"Please note that if you reply to your own ticket this "bumps down" your ticket as our system is designed to give older tickets priority over the more recent ones.

Best regards,
Tomaž Bertoncelj"


The support team is severely understaffed, and no live chat support is in place.

I have now been waiting 4 days to get access to the funds since they were received by Bitstamp, even though I had already complied with KYC requirements.  I disagree with the level of questions asked, and the process should have started at the point the deposit is initiated, not received.  It smacks of a site that is simply trying to cover their own asses rather than serve their customers to the level deserved given the amount of money in question.

Let this be a warning to anyone considering using Bitstamp, I will personally be seeking out a more professional site, if one exists.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoCasino- 10 billion chips- Equal shares Registration thread on: March 04, 2014, 12:49:23 PM
Interested
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