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721  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 13, 2013, 12:31:18 AM
Hey guys! People are bringing up some really good points, so I'd like to have one concise post here, since I see a lot of questions getting asked multiple times.

So, let's get started.

1.) How is the proof-of-work system protected against cheating?
The proof of work folding has been 12 years in development by the creme-de-la-creme at Stanford's Pande Labs. Any issues found in cheating points have been quickly fixed and accounts on their end either banned or docked the points earned through the sketchy work submissions. All work is given redundantly, so if three people get solution <data> for some work unit, and someone else submits something else, that person WILL NOT get points or any sort of credit for the submitted work. Any ways to arrive at the end result with less computation simply means someone made a more efficient protein folding module or something of the like, which is not bad.

2.) Where does the dev fund go?
10% is a lot! However, it's not all lining our pockets. Not nearly all of it is. We don't have exact percentages yet, they will be released soon though. Here's the categories were are planning for:
--> Community Hardware Giveaways (Which we are kicking off at launch with one brand-spanking-new 760. Yup, it's not much, it's just a slight taste of what is to come. If CureCoin takes off, we'll be shipping off Titans. Tongue
--> Pay Development: Whether that is paying ourselves a bit for the time devoted to the project or hiring contract programmers for jobs. This will be a fair chunk of the main dev budget, but certainly nothing excessive. Numbers coming soon, once we iron out some details.
--> Emergency Relief Fund: A fund for money that fills up until a catastrophic world event happens (Hurricanes, Tsunamis, Earthquakes, Nuclear Meltdowns). When such events occur, we will cash out good quantities of money from this fund and send it either as cryptos or as fiat to relief donation acceptors, such as the Red Cross.
--> 0% services: We will offer small 'bounties' and sums of CureCoins to some people who will be running 0% mining pools.
--> Public giveaways: Aside from NVidia hardware, we'll also have giveaways for stuff like faucets, which we plan on making.
--> Bounties: Similar to Pay Development, but different in that we don't choose a particular person for the project (such as a free-lancer or forum member, but instead put up the bounty and anyone who fulfills the requirements of the project gets the bounty)
--> PR/Advertising/Marketing: We want to get this network exposed. We want people interested. We want media coverage. Ads. Facebook, Google, Reddit. Ads. Buying them.
--> Sponsored Events/Projects: Not sure about this one, pretty broad. Things that benefit humanity in some way or another, and need a touch of financial backing.
This isn't a complete/finalized list, we will post a full one soon.

3.) How can we make sure the dev fund goes where it should?
That's a bit tricky. We're planning to enforce a rule of forcing every dev who moves dev funds around to have to add a tx comment about where they are going. Some of the results will be very clear. Hardware giveaways are very open and clear. Same with folding pools @ 0%, and faucets, and bounties, and public giveaways of other sorts. Emergency Relief Funds will likely be stored in one address that anyone could go to any CureCoin block explorer to view and see how much went where. When we make donations to charities, we plan to get some kind of confirmation from them and post it. Personally, I would like the dev team (myself included) to all update to one blog about where dev funds are going, what percent of whose coins are going where, what rate they are being exchanged at, additional info. Will that happen? I hope. I promise to do that with my dev funds.

4.) How many dev funds are you getting? Where are they going?
Dev funds for me are undetermined. I don't know what percent of the dev fund I will be receiving. A good portion of what I am getting will go into hardware giveaways and possibly a faucet. If I get enough dev funds and CureCoin reaches good exchange rates, I will be giving away some sweet GPU hardware, and maybe full-built Folding rigs. They will be sent out to people who are already on the folding team. Some will be sent to really high earners, some will be sent to the people mining with their Intel Atom in their netbook. Sometimes there will be slogan competitions, or they will be bounties for something or another. Details to come once market prices have some stability.

5.) Centralization!?!
Yes. Some components of such a project require some level of centralization. The folding pool, of course, requires you guys to fold to a certain folding team, and requires you to use a certain website. However, I have a backup folding server based off entirely different code. If CryptoBullion's folding pool goes down for whatever reason, mine will kick in, and payouts will continue as usual while the site is unavailable. The network transactions themselves are decentralized like every other cryptocoin in existence.

6.) Why should we trust you guys?
Trusting people on the internet is hard. I try to refrain from it. If you don't trust us now, that's fine. We aim to earn your trust, and we hope to be one of the most transparent, community-driven projects in existence. As mentioned above, there are plans to have all dev funds moved around tx-commented, and have publically-verifiable info about donations, and other uses of dev funds for good causes. I really like the blog idea. Let everyone know where everything is going, how it is going there, why it is going there, how much is going there, etc. And back that up with blockchain evidence, provided documents and proofs of donations for services, withdrawal receipts to services, etc. Public confirmation of hardware delivery. Etc.

If you don't trust us, we understand. This project is a long-term project, and whether you get involved is totally up to you. Don't like the project? Don't fold, don't mine. This is an open economy, and if the project is truly flawed, the market will reflect that.

How much folding power will my hardware get?
It's pretty hard to know off the bat, you can google your hardware to find out approximations on forums, make sure you are looking at data for Core 17, as that is the fastest core for GPUs. If looking for cpu data, look for Core A4. PM me if you need folding help. Smiley



722  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 12, 2013, 01:46:42 PM
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. Smiley
723  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 12, 2013, 05:51:23 AM

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. Sad

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.
724  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 12, 2013, 02:05:25 AM
Gonna start a newsletter signup soon, so people can get weekly or bi-weekly (twice weekly) news about CureCoin, protein folding, etc.
725  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 09:08:30 PM

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 Smiley

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.
726  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 08:34:21 PM
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! Smiley

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. Smiley

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. Smiley

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 Smiley
727  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 08:32:07 PM
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 Smiley
728  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 08:17:25 PM
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! Smiley

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. Smiley

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. Smiley
729  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 07:47:14 PM
When CureCoin will be launch, i need exactly this software to mine with CPU/GPU?? http://folding.stanford.edu/

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.
730  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 07:01:17 PM
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC  Cheesy

Awesome Cheesy Have you done protein folding before? Would you like some help setting it up? Smiley

No never, i will follow the guide!

Awesome, let me know if you need any help! Smiley
731  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 04:51:45 PM
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC  Cheesy

Awesome Cheesy Have you done protein folding before? Would you like some help setting it up? Smiley
732  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 04:47:51 PM
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. Smiley

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 Smiley ASICs can't do protein folding unfortunately, so they provide their service in securing the blockchain Smiley
733  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 04:42:11 PM
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. Smiley

Additionally, you could of course solo-mine, and we'll have a guide for that too!
734  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 04:07:51 PM
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. Smiley
735  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 03:22:50 PM
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. Smiley
736  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 03:15:59 PM
16/11/2013

? hour: ? minute
Day-Month-Year



month-day-year I don't like. It is simply illogical Roll Eyes

If there's a launch time, please put it in UTC. Smiley

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. Smiley
737  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 01:50:05 PM
When's the launch?



We're shooting for 11/16/2013 Smiley
738  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 08:34:35 AM
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.   
739  Alternate cryptocurrencies / Announcements (Altcoins) / Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC on: November 11, 2013, 08:24:35 AM
Awesome! Anyone who needs folding help, PM me and I'll get ya fixed up Smiley
740  Alternate cryptocurrencies / Altcoin Discussion / Re: Support Curecoin - add this to your sig on: November 11, 2013, 05:03:38 AM
I cannot add it to my sig right now. All I can do is bump this thread.  Smiley

Every bit helps, thanks Smiley
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