Re: [AXIOM] AxiomMemHash, Schnorr Sigs Implemented, APOS 3.0, AXH 2.0 Proposed

[quantumgravity]

So the dev is gone and there have been no real updates from the Axiom team for about a month. Awesome. Time to exit while the coin is still over 1k sats lol

keep on fudding guys. only a few days left before the devs silent game will be done and the HiPoS begins. Thanks for all the cheap coins people! This wallet stakes like a champ and is still very innovative. The wallet works great, the block reward schedule is novel and exciting. I guess a lot of this negativity is due to the fact that a lot of people bought the initial bittrex pump Keep on dumping though, I could always use some more weight before the next 10,000 blocks are over and the real fun begins.

Which one of your post should we believe? Neither? LOL

Well the first one was obviously fud to induce people to dump dump dump.

[prfagun1]

Who is keeping this coin alive?

[quantumgravity]

Who is keeping this coin alive?

I've been mining and staking since the first hour after launch. I got realllll lucky that night solo mining.

[Fuzzbawls]

Who is keeping this coin alive?

on the technical side...nobody. on the market side...people that are trying to squeeze out any kind of profit from their investments.

[CoinClass]

lose lose lose 

[megadestruct61]

Just got my first 80 Axiom block. High rewards phase 2 has started!

[lookinfoorit]

Just got an 80 coin block as well...

[ozboy2014]

Name:    AxiomCryptocurrency
Posts:    123
Activity:    42
Position:    Jr. Member
Date Registered:    24 July 2015, 12:39:42
Last Active:    Today at 10:04:32

[LordPiccolo]

Thought I'd check in and see what's happening.

I don't blame the dev for deciding to watch from the sidelines, it gives them time to figure out what's what.

Some people don't like this but I understand.

80 POS blocks are here I see, Perhaps I sold too early

[brian_nguyen]

Just got my first 80 Axiom block. High rewards phase 2 has started!

Name:    AxiomCryptocurrency
Posts:    123
Activity:    42
Position:    Jr. Member
Date Registered:    24 July 2015, 12:39:42
Last Active:    Today at 10:04:32

Tumbling to 250 sats if dev stays quiet.

[quantumgravity]

Just got my first 80 Axiom block. High rewards phase 2 has started!

Name:    AxiomCryptocurrency
Posts:    123
Activity:    42
Position:    Jr. Member
Date Registered:    24 July 2015, 12:39:42
Last Active:    Today at 10:04:32

Tumbling to 250 sats if dev stays quiet.

I suspect we will see a lot of progress on the stated goals from the dev after the high rewards phase.

[leftR]

80coin/block .... 200coin/block ...

Dev! do you have any news?  any progress?

[Cointang]

What a shame.. all that work and still abandoned. This community is shit, Exactly the reasons why
 
crypto currencies are failing. This is why theres no volume in the alt scene. Fucking idiots bleeding hope

dry. Hope you're Happy you scumbag!!! CryptoWest!!!!

[Fuzzbawls]

I really don't know why anyone expects some sort of update from a non-existant dev. The OP account owner is NOT the developer of this coin, but was/is a PR person who's last communication basically stated that the developer has vanished.

A takeover was proposed, but community support was (or seemed) lacking. Continuing to hold out hope for a miracle "savior" at this point is certainly akin to betting against the odds. Sure, the price may get artificially pumped up but until there are any signs that this coin can live up to it's intended promises and the algorithm fixed, or the intention of this being a "CPU Only" coin is redacted, I just don't see any reason why somebody should invest further time nor money into this.

[quantumgravity]

I really don't know why anyone expects some sort of update from a non-existant dev. The OP account owner is NOT the developer of this coin, but was/is a PR person who's last communication basically stated that the developer has vanished.

A takeover was proposed, but community support was (or seemed) lacking. Continuing to hold out hope for a miracle "savior" at this point is certainly akin to betting against the odds. Sure, the price may get artificially pumped up but until there are any signs that this coin can live up to it's intended promises and the algorithm fixed, or the intention of this being a "CPU Only" coin is redacted, I just don't see any reason why somebody should invest further time nor money into this.

A "CPU Only" algorithm is nearly impossible. AxiomMemHash lowers the incentive of GPU mining by making the algorithm more GPU-resistant. As has been explained many times in this thread, a GPU get's 2-3 times more hash on average with Axiom's algo. When compared to other algorithms where it is 100-1000x faster than a CPU, you will begin to see the merit of the devs effort.  Considering GPU's have higher initial costs (on average) than a CPU, while also incurring higher variable costs (more energy usage), the GPU advantage grows smaller.

Axiom is an experiment, just like every other crypto currency or related product. I think the dev has done well, despite his absence (which doesn't really matter, when the wallet works perfectly and he may well be biding his time for updates) It's only the trader's who are whining and the unfortunate few who bout at the top of the initial bittrex rush. There is a future in this coin, or if not this coin, then the theory behind the underlying math. Only time will tell.

[tromp]

A "CPU Only" algorithm is nearly impossible. AxiomMemHash lowers the incentive of GPU mining by making the algorithm more GPU-resistant. As has been explained many times in this thread, a GPU get's 2-3 times more hash on average with Axiom's algo. When compared to other algorithms where it is 100-1000x faster than a CPU

How about comparing to other PoWs where GPUs are no faster?

[Fuzzbawls]

A "CPU Only" algorithm is nearly impossible. AxiomMemHash lowers the incentive of GPU mining by making the algorithm more GPU-resistant. As has been explained many times in this thread, a GPU get's 2-3 times more hash on average with Axiom's algo. When compared to other algorithms where it is 100-1000x faster than a CPU, you will begin to see the merit of the devs effort.  Considering GPU's have higher initial costs (on average) than a CPU, while also incurring higher variable costs (more energy usage), the GPU advantage grows smaller.

Axiom is an experiment, just like every other crypto currency or related product. I think the dev has done well, despite his absence (which doesn't really matter, when the wallet works perfectly and he may well be biding his time for updates) It's only the trader's who are whining and the unfortunate few who bout at the top of the initial bittrex rush. There is a future in this coin, or if not this coin, then the theory behind the underlying math. Only time will tell.

Yes, I know full well what has been discussed in this thread since page 1. Quite a few people here have complained that it ISN'T CPU only (quoting the original thread title). When this coin was announced, the team stated it was CPU only. Of course, it was at the time but they should have had the foresight to avoid such a claim. They also made references to the algo's whitepaper explaining why it was CPU only. That whitepaper, and the resulting algo, were based on facts from a number of years ago and were not in any way updated for today's technology.

If I remember correctly, the original author of the algo's whitepaper even stated that, had the coin team checked with him, he would have confirmed that the claims of being CPU only were no longer accurate, which was duly proven by the release of GPU miners. The efficiency comparison between the two hardware types wasn't (and really still isn't) what many were crying out about. It instead was the fact that the algo could indeed be hashed with a GPU. The Axiom PR account initially attempted to deny the existence of any such GPU mining software, implying that the screenshots were fake.

Despite the repeated proof that Axiom's initial claims were false, the Axiom PR person continued to insist that the algo was CPU only. Eventually he/she/they caved and admitted that AxiomMemHash was indeed NOT a CPU only algo. Around that time, the indication from the PR person was that efforts were being made to FURTHER harden the algo and increase the inefficiency factor of GPU hashing and also release APOS 3.0. Shortly after such announcements, the "dev" that initially provided the codebase for this coin vanished.

So here we are today. We have an "experiment" as you call it which in my mind failed horribly to deliver on the announcements and claims of the person(s) that released the coin. We have no communication whatsoever from the "team" regarding the future direction of this coin nor as to the status of the already proposed updates. And, while the coin certainly does "work" and is technically able to continue working in it's current state, it certainly isn't how early adopters were led to believe it would be.

Mind you, my complaints revolve around the actions and inactions of this particular coin's "team" and not so much the algorithm. I certainly do believe that the AxiomMemHash algorithm has (or can have) a bright future. But this coin...I'll trust my magic 8-ball when it tells me "No" It had potential, and could have avoided a lot of the negativity, but the "team" chose a different path.

[bones261]

What's really funny, is by the time the gpu miners came out, it was too late anyway. The early adopters (like myself), already mined thousands of coins for a mining cost of pennies and were staking heavily. Unfortunately, I only dumped a little when this coin hit the ATH on Bittrex. I'm still bag holding lots of coins that at this point, are basically free for me.

[JimmyRigs]

Wonder how many of these high pow blocks are going to gpu miners. Seems like the pool isn't getting much right now.

[bones261]

Wonder how many of these high pow blocks are going to gpu miners. Seems like the pool isn't getting much right now.

I'm getting quite a few through POS. There may be a few who are using their private GPU miners, but the rate axiom is going for on the exchange has plummeted. They're probably using their GPUs to mine something more profitable.