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Author Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer  (Read 449953 times)
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cyberhacker
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August 10, 2016, 12:57:53 AM
 #1161

hi

I am owner of  http://btc12.com/  , which is specially for disoriented Chinese ICO or related donation project hunters.

I post a special article for XEL http://btc12.com/2016/08/07/distributedcomputation-elastic/

Hope XEL websites can put a link of my blog as a media partner.
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August 10, 2016, 09:08:36 AM
 #1162

I want to take part in the crowdsale, would a fresh wallet with multibitHD be a good wallet to use to send?
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August 10, 2016, 09:39:09 AM
 #1163

Could you explain that what does it calculate or solve during mining(doing calculating/solving algorithms or math questions) since it is a supercomputer.
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August 10, 2016, 09:54:19 AM
 #1164

Could you explain that what does it calculate or solve during mining(doing calculating/solving algorithms or math questions) since it is a supercomputer.

Well, it solves the user provided proof-of-work algorithms. They can be anything and they are programmed in elastic's own programming language ElasticPL.
One example it to use ElasticPL to mine other blocks (of different cryptocurencies).

Mining Bitcoin block #0 (the genesis block) could be done this way:
(Note: m[22] is the nonce which is meant to be found, the rest is the blockheader and some mandatory ElasticPL overhead)

Code:
input 3;
m[3]=16777216;
m[4]=0;
m[5]=0;
m[6]=0;
m[7]=0;
m[8]=0;
m[9]=0;
m[10]=0;
m[11]=0;
m[12]=1000599037;
m[13]=2054886066;
m[14]=2059873342;
m[15]=1735823201;
m[16]=2143820739;
m[17]=2290766130;
m[18]=983546026;
m[19]=1260281418;
m[20]=699096905;
m[21]=4294901789;
m[22]=m[1];
SHA256 3 80;
SHA256 3 32;
verify (m[10]==0);


The "bounty submissions" are defined by the last line, so the scientist only gets solutions meeting this criteria,
and the POW hash is more complicated and involes the state and the random input to get unique hash value which must meet a certain target value.
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August 10, 2016, 08:47:44 PM
 #1165

last 1300 blocks, I am happy to be the one of 450 investors.

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August 11, 2016, 05:54:28 AM
 #1166

hi guys.

what do you think about Golem?  http://golemproject.net/

and this is my post about comparision.

http://btc12.com/2016/08/11/golemsupercomputer/
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August 11, 2016, 02:20:22 PM
 #1167


5M won  Wink

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August 11, 2016, 07:20:50 PM
 #1168

I've tried to sign up to XEL forum, but registration was disabled.

The forum will be active at the same date with the mainnet?

bobbtc@protonmail.com / Working day and night
bubbletea789
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August 12, 2016, 12:46:40 PM
 #1169

the genesis block record has stopped updating for 4 days?
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August 12, 2016, 12:55:15 PM
 #1170

the genesis block record has stopped updating for 4 days?

@Lannister can't you just install supervisor (if script is running in linux env) to automatically boot up script if it crashes?

BTC: 1CMgHWx4wkAaAy2FfeCyPdedUExmhGhfi5
XEL: XEL-HCM8-KB6E-YFLK-8BWMF
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August 12, 2016, 03:42:53 PM
 #1171

I will shoot him a bitmessage right now.
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August 12, 2016, 04:28:18 PM
 #1172

Hackathon Announcement

Before starting a generalized bug bounty program, I thought it might be a good idea to start a

HACKATHON

Where certain functions of elastic (and only those) will be tested.
I would suggest that the procedure is as follows:

- Every 4 days a different feature will be tested with a specific goal (such as: "create a custom transaction which is able to exploit the automatic refund process in order to refund more than it should").
- Along with a task a Github commit hash will be published which has to be used to perform the attack.
- The first one who manages to provide a working proof-of-concept code gets a reward of 2 BTC.

What do you think? Is it a good idea? The codebase right now has one more little bug in the automatic work cancellation procedure, so we cannot start right away. I will push a fix very soon this weekend, and then we could begin. I would also suggest to use a separate thread for this. Also I would need Lannisters approval if he agrees since he will have to do the payouts.


You should setup elastic AFTER I have pushed the fix, here is a video tutorial on how to do it along with some explanations on how elastic works and on how to set it up properly.

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August 13, 2016, 01:08:10 AM
 #1173

hi guys.

what do you think about Golem?  http://golemproject.net/

and this is my post about comparision.

http://btc12.com/2016/08/11/golemsupercomputer/

so many good project lately! Wink
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August 13, 2016, 10:01:06 PM
 #1174

459 People donated so far, this project reminds me NXT ICO.

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m4nki
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August 13, 2016, 10:03:24 PM
 #1175

Until when does the ICO approximately last (not in blocks but in calendar time)?

Thank you! Smiley

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August 13, 2016, 10:06:55 PM
 #1176

Until when does the ICO approximately last (not in blocks but in calendar time)?

Thank you! Smiley

Generally 8 minutes for 1 block, 8*852 blocks = 6816 mins

6816 mins/ 1440 = 4.73 days

bobbtc@protonmail.com / Working day and night
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August 13, 2016, 10:15:06 PM
 #1177

Until when does the ICO approximately last (not in blocks but in calendar time)?

Thank you! Smiley

Generally 8 minutes for 1 block, 8*852 blocks = 6816 mins

6816 mins/ 1440 = 4.73 days

10min per block

equals around 6 days
m4nki
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August 13, 2016, 10:54:26 PM
 #1178

Awesome, thank you! Smiley

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August 14, 2016, 10:07:37 PM
 #1179

Total coin 5 M right ?

what will happen to unsold ICO ?
i see only 70 % XEL claimed by donation.
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August 14, 2016, 10:22:28 PM
 #1180

Total coin 5 M right ?

what will happen to unsold ICO ?
i see only 70 % XEL claimed by donation.

They will be proportionally distributed amongst investors.
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