https://www.kncminer.com/products/titan

I'm interested in this primarily for Zerocoin, but we still don't know if that's definitely Scrypt based, unfortunately.

https://www.kncminer.com/products/titan

(wait is this wrong forum for altcoin stuff? Is this considered altcoin related? Arrgh, it won't let me delete topic :\ Please delete, sorry.)

KNC release Scrypt miner info, codename Titan. Good for mining Zerocoin?

https://www.kncminer.com/products/titan

Not until they're worth trillions.

There is something, yes. It's what governments do to people who threaten their center of power. I don't think you grok how important control of money is in this battle we ancaps are fighting.

He should fund seasteading and ancap build-out

Nah, he just figured he had gotten the kind of attention that would do anything to find out who he was, since bitcoin was beginning to be used as an anti-state tool by Wikileaks. From then on, Satoshi went underground.

We'll know who Satoshi was one day, because his heirs will be conspicuously wealthy.

I should think the hash-unit fans create enough positive air pressure. Do you mean you put fans on the back of the unit to pull air out? The front already has fans and it's the input, not output...

I like the goals of this creation, and I applaud the OP for following through. I have a couple comments.

1. Trolls: I think one major reason why Emunie is attracting trolls, as you put it, is that the name of it is a bit goofy, if you don't mind me saying so. It's kitsch. It's misspelled. It's like self-parody almost. You might consider a new name.

2. Inflation: Your inflation model is unnecessary. There's no intrinsic difference between doubling the existing currency of people holding emunie, thus inflating the currency base amongst those people, and bitcoin's system of deflation which causes people to divide their earnings, only the latter is far simpler and likely less exploitable (if an exploit does appear), but at the least causes less worry. Everyone knows there's only 21m bitcoin ever, but there's no upper limit of emunie, so that's a bit less good. Because currencies in the past have often been destroyed by hyperinflation--that's the typical way for fiat to die in fact, and bitcoin makes that impossible, but it looks like your system does not, and that's a worry.

The only reason people/economists/governments want an inflationary currency if because most people are debtors and want their loans to become cheaper over time; most economists are Keynesians and want to manipulate the economy with credit and by creating new money, and governments can greatly increase their wealth and power by controlling where new money gets spent.

You create here a system where people who have emunie also receive the new inflated money. That satisfies none of the concerns and wishes of the people above and they'll be just as against it as bitcoin's deflationary model.

But at least you're not outright making it inflationary in the way that a government makes new currency for themselves and gets to spend it all themselves, stealing value from all currency holders, at least you're not doing that, so I consider it workable if unnecessary.

3. Programmatic Security: SNakamoto programmed bitcoin using a specific means designed to make it very difficult to hack, have you taken similar precautions? Without the system being open source no one can really say. I appreciate your reasons for keeping it closed source for now and I think many will take this effort far more seriously once you do OS it, so you have a bit of a problem there--you want to see uptake before you OS it, but it not being OS'd actually hampers serious uptake.

4. Patching Bitcoin: To actually overtake bitcoin you will have to produce a system that can do things that bitcoin cannot do. It looks like you're doing that, and bravo. But if bitcoin can be patched to do many of the things that make your system more attractive as an ecurrency, then it's all for naught and your system becomes just another alt-currency proving ground for good ideas that end up adopted by the king-currency.

I actually find this rather likely, that bitcoin partisans if facing a true threat from another currency like this will simply mod in the missing functionality. They have the will, the developers, and the resources to do so, and it's hard to believe that they couldn't replicate just about anything.

I don't think they'd bother with the modular aspects you talk about here, the messaging and marketplace, those are better left as separate projects, and it's a bit unusual for an effort like this to spend time on them since they're adjunct concerns, unless the nature of this project makes implementing them as a corollary of the main system so simple that it's beautiful. Time will tell.

The main feature everyone wants in a cryptocurrency, now that bitcoin is making waves, is privacy of transactions. This system addresses it, but are you sure it's something that could never be patched into bitcoin ultimately. I have no idea.

5. A stumble: Lastly, circumstances of uptake. I can see either way this could go--I think bitcoin would have to stumble in some major way before the mainstream of cryptocurrency partisans, like all of us on here, would throw weight behind an alt-currency even as promising as this one--and it would already have to be OS'd at that point, or a system like this becomes the new defacto currency of the darknet for people conducting business so elicit that they can't rely on just Tor anymore, and then you'd better hope your programmatic security is up to snuff as the world's governments apply pressure.

And btw, how is your own personal opsec, because if that happens then they're going to find you and put pressure on you to corrupt your own creation in line with their desires. It is not for nothing that SNakamoto remained anonymous.

All that said, I've never even considered sneezing at another cryptocurrency, knowing bitcoin already had path dependence and the bandwagon effect on its side, but this is different enough to be interesting, so I wish you much luck. At the very least I hope an effort like this puts enough pressure on bitcoin to make it more private in various ways to match your effort.

If your miner isn't performing, make sure one or more of the fans hasn't fallen off the heatsink. They're just on there by friction mainly. They click in, but rough shipping can dislodge 'em.

I received my tracking number today. Delivery on the 4th.

If they start my miner hashing in their colo center on Monday, I'll consider that a delivery.

And on-time.

+1

^_^

Bitcoinorama--please stop defending yourself.

And especially stop doing it in gigantic novel-form that I can't even bring myself to read. It just comes off as 'the lady doth protesteth too much.' One or two lines should be enough. You're just feeding the trolls.

Have you seen those Bitfury rigs? Look like something a mad-scientist came up with, held together with cardboard and chewing-gum. Hope none of them have a cat, they'll ruin that thing by jumping on it in five seconds flat.

http://thegenesisblock.com/wp-content/uploads/2013/08/bitfury3.png?a3bf7d

You mean in 120 years from now? o_O

The answer is that bitcoin should've taken over world commerce then and miners fees will have long since eclipsed mining fees. At some point there's an inversion that takes place, where miners fees become bigger than the block reward on average.

I wonder when we'll see that happen for the first time.

Mining fees right now occasionally add up to one entire bitcoin. Perhaps in the year to come we'll see that figure double or triple as commerce takes off.

Lol, thanks for the chuckle ^_^

I can only imagine the heart attack of someone when they realize their bitcoin mining farm just went down because the $12/hour janitor cut a cable with his concrete polishing machine

lol!

What makes you skeptical about Cointerra? Seems legit.

I imagine they'll test each board before its even installed in a case, then assemble cases out of working boards, flash in your miner details to do the burn-in for minutes, then ship. Easy peasy.

Yeah. I think they still have margins on margins. We know there are 4 engines in the chip. I think they might be quoting us a 100 gh/sec figure based on three of those engines working when we might very find all four working.

So, perhaps the theoretical max hasrate if all four engines are working is more than 125 gh/s per chip, but more like 150+, perhaps even 166 or so. Putting our hashing max at some 650 gh/s. We shall see.

Try "Page Monitor" plugin for Chrome. Refreshes every 10 minutes, audible alarm for changes discovered, free.