You probably know threads. Everyone is free to write whatever they want.

Whitepapers in general contain at least an overlook on what's going on, as well as the theory and eventually detailed looks at at the most interesting specifics.
When it comes to coins, whitepapers are usually way less informative. They range from "we copypasted the announce thread in a PDF and pretend it's a whitepaper" to "let's just assume everyone and his/her dog has a master degree in cryptography and applied mathematics".
As you might guess, both extremes produce useless "whitepapers".

Man. Is that firefox?

Yes, I also noticed that. Logged in BTCtalk exactly for the same reason.
Something is happening!

No it isn't! We could just as well pretend to run a double-pair spontaneous-laser-quantum-entangled cell powering quantum computers and rule the whole network for free. Or just to get rich overnight while getting in bed with the hottest movie star of your choice AND finding a cure for cancer.

It's very likely. Entering BTC mining seriously now probably requires 5-digit investments - sure, there are the small miners but I'm not quite sure on how much they ROI.

It is really cost-ineffective to power altcoin miners with 12v. The biggest solar grade PSU I've had my hands on (I touched it physically) was 300W and costed more than a few 850W ATX PSUs from a well known brand. They just don't scale up.

OP better run out and find some small river; micro-hydro kicks butt. Again, you'll probably be better off selling the energy.

You probably mean they run pipelined (pipelined != parallel).

Why are you staying away from sgminer 5?

What do you think it will happen?

I think it's the same as this. 

FYI, the "unreal company" is was "Epic Megagames" now "Epic games", they basically own a large (estimated to be 70% a couple of years ago, hopefully about ~50% right now) share of the whole game development industry by providing the (arguably) most badass game engine possible at a cost comparable to a off-the-shelf video game.

As far as I can tell UnrealCoint (URC) does not seem to use a known logo I recognize. Terrible idea of the developer to use this name. I would honestly NOT touch it with a ten-foot pole.

Is it illegal? Most certainly not, for at least some nations.

What is a second gen coin? Everything after BTC? LTC? Is it cryptonote? Assets? Is it transparent chain?

Maybe it's just me but it seems 4th and 5th gen langs are the results of mathematicians trying to do something useful in the real world.

I already mine_{1} occasionally at higher cost than what I get. I would probably need more than a 10x to just break even with operating costs.

You don't need to explain me how using my computer for other needs amortizes cost. The whole point of my miner is that it's fire and forget. I mined while playing Qbeh-1_{2} but for some more AAA action I'm currently mining and playing Borderlands 2_{3}!

My current CPU is an AMD 450 X3. It does not seem to have the power consumption characteristics you mention. Besides, being passively cooled, I cannot run it full load for much time and I don't see any good reason for which anyone should buy more powerful stuff.

GPUs have become proper turing-complete architectures about a decade ago therefore they can run everything a CPU can whatever they're efficient at this is another matter. Yescrypt is not compute-oriented and therefore won't be accelerated by compute-oriented architectures.

{1} Mostly MYR and DBG. Sometimes also Fresh and FTC for testing.
{2} Pretty sure it's some UDK build. Due to some unfortunate design decision, massive overdraw and fillrate. Shading is basically from the 90s so plenty of untapped power. Still a quite simple game. It's not buttersmooth but very playable.
{3} Unreal 3, targeting X360 I have been told. Still quite simple graphically, I am almost at max settings. Again, not buttersmooth but playable.

Again, what's up with Qubit? Lots of fuss about it recently.

Since I have been asked[1] to write about my position regarding BSTY and I found those legit questions I have decided to cross-post this in both the official and the "takeover" thread.

My interest in this coin stems from the unique algo. Due to life issues, I have been away from programming a couple of years and I really needed to update my skills to modern GPU methodologies. In theory I should be doing something more useful but since mining is a relatively compact problem it's a decent problem for starters.
I have kept an eye on it also because I like the idea of an existing company using an extra tool to grow. If they want to use the coin for profit and it turns out to be a good coin anyway, then we have common interest.

I am an occasional miner. Just to give you an idea, I have mined ~10k MYR in about a year. I don't think I hold any BSTY.
I might or might not mine it in the future, I got no plan. Sure no mining as you guys talk about it: I sell my extra electricity at an higher cost than you would consider "too high to mine".

It seems I have a feat for picking up coins which get screwed.

I had some feelings the hashrate was going low; I was honestly happy that was not my problem. I have difficulty understanding how changing the reward would change anything at this point. The value was nonsensically low last month anyway. I did read somewhere about the reward change; I don't consider it clearly broken even though I don't see much good reasons to do that. I am not against turning profit either so if this change rewarded early adopters more than it rewards current adopters... I cannot even tell if this is good or bad.
Has the BSTY team got "unfair profit" from this? I don't think so. I would have to look at the blockchain. In theory, I am not against that. It doesn't feel like DRK or BCN anyway.


[1] Probably due to being mentioned in this message. Let me be clear, I am mildly amused GPUs are called to the rescue. Everyone who thinks GPUs are "evil" of "nothing new" must have been living under a rock for the last 20 years (ignorant) or on Intel payroll (paid to talk shit).
That said, my miner has stronger priorities right now and I cannot estimate any timeframe for any eventual release including yescrypt even though I have some parts ready. Besides, having a 7750 I cannot offer any support to other models. Sure thing is the last pwxform isn't going to be fast it needs some bigger picture thinking.

Since I have been asked[1] to write about my position regarding BSTY and I found those legit questions I have decided to cross-post this in both the official and the "takeover" thread.

My interest in this coin stems from the unique algo. Due to life issues, I have been away from programming a couple of years and I really needed to update my skills to modern GPU methodologies. In theory I should be doing something more useful but since mining is a relatively compact problem it's a decent problem for starters.
I have kept an eye on it also because I like the idea of an existing company using an extra tool to grow. If they want to use the coin for profit and it turns out to be a good coin anyway, then we have common interest.

I am an occasional miner. Just to give you an idea, I have mined ~10k MYR in about a year. I don't think I hold any BSTY.
I might or might not mine it in the future, I got no plan. Sure no mining as you guys talk about it: I sell my extra electricity at an higher cost than you would consider "too high to mine".

It seems I have a feat for picking up coins which get screwed.

I had some feelings the hashrate was going low; I was honestly happy that was not my problem. I have difficulty understanding how changing the reward would change anything at this point. The value was nonsensically low last month anyway. I did read somewhere about the reward change; I don't consider it clearly broken even though I don't see much good reasons to do that. I am not against turning profit either so if this change rewarded early adopters more than it rewards current adopters... I cannot even tell if this is good or bad.
Has the BSTY team got "unfair profit" from this? I don't think so. I would have to look at the blockchain. In theory, I am not against that. It doesn't feel like DRK or BCN anyway.


[1] Probably due to being mentioned in this message. Let me be clear, I am mildly amused GPUs are called to the rescue. Everyone who thinks GPUs are "evil" of "nothing new" must have been living under a rock for the last 20 years (ignorant) or on Intel payroll (paid to talk shit).
That said, my miner has stronger priorities right now and I cannot estimate any timeframe for any eventual release including yescrypt even though I have some parts ready. Besides, having a 7750 I cannot offer any support to other models. Sure thing is the last pwxform isn't going to be fast it needs some bigger picture thinking.

Thank you!

You have a major misunderstanding of what you've quoted. I honestly cannot find any similarity between scrypt and Xn algos (and there's no such statement in your quote) but if there is, by the same metric we can state safely all algorithms are the same.

X11 has been very successful as far as I am concerned and it's still far from being "failed"; I'd be interested in hearing OP argumentation in that sense.

I'd agree long chain algos seem to be getting less attention lately. This is possibly because of at least a few reasons:

• Besides Dash, nothing running long chained hashing seemed to be successful;
• There are persistent rumors of X11 FPGA miners. Those rumors appear unsubstantiated to me but others can have their own opinion;
• People insisting on putting GPU out of the picture (aka: let's just pretend 20 years of evolution in computing architectures never happened);
• This "memory hard" thing. While being "memory hard" is a necessary requirement for ASIC resistance, Xn algos have no memory hardness at all so they get the boot;
• From a purely theoretical point of view, chained hashing is nonsense (the hash of an hash is just as strong as the first hash), but I bet this is basically irrelevant in making it less trendy;
• New algos are new so they are BETTAR!!!!eleven! What's wrong with you! We are obviously making progress here! It's not rocket science, just applied cryptography, even my dog could figure it out in the time of a walk in the park while being trained in playing the lyra!
• ... ?

If my understanding is correct, this implies the exceeding difficulty bits are effectively not counted or, in other words, a share "value" is always considered to be the target diff or, in other words, that pool is rewarding in a "binary" way exactly like network.

This would definitely explain why miner would compute work utility based on the difficulty target only and it sure simplifies a few things.

Would consider the "true" share difficulty make any sense?

Not to be confused with: how shares are paid, which is another issue.

I've been trying to understand this whole share difficulty thing. The way open source miners (cgminer derivatives) compute this is a bit hard to follow due to the code being quite sparse but what doesn't make any sense to me is the way the effective numbers are produced.

This discussion is related to the "work utility" concept.

My understanding is that pools allow low-hash miners to work by

• Using a lower difficulty for magic number submission
• Allowing miners to build a "share" out of multiple submissions (it is unclear to me if this is still lower than real network diff, seems so; I haven't fully understood the way stratum miners compute network difficulty)

My understanding is that the hash produced by the candidate nonce is interpreted as a number. This is considered valid if exceeding the target. In direct network mining, nothing else would be relevant as the network either gives you a reward or not.

In stratum mining instead, everything goes on difficulty, and the candidate nonce is sent if it exceeds the server difficulty. Miners usually pull a message such as


Now, when I looked at sgminer data to work utility computations it appeared to just consider the base server difficulty. That is, the above share would have difficulty 2. It seemed like the "extra" difficulty to not count.

This is a bit broken in my opinion but I have no idea how the servers really add up those values either. Can you elaborate?

Thank you for the elaborations even though those are not evidence in the proper sense of the word.
Sending you a PM containing some extra information not strictly related to this thread.