[ANN] [XEL] :: XEL - The Decentralized Supercomputer ::

[harvw]

Are there some issues with the desktop wallet? Currently having some issues loading this...

[JungleOnion]

I read somewhere that this coin has masternodes, does it? Nonetheless I'll follow up this coin!

[tomkat]

I read somewhere that this coin has masternodes, does it? Nonetheless I'll follow up this coin!

There was an idea of supernodes and guard nodes some time ago, but it looks like devs are now rewriting the node in order to get rid of them, and avoid unnecessary complicated network strucuture. Not sure what's the actual status though, since neither EK nor coralreefer didn't specify exactly what is the planned network model.

[Optimiza]

Hi,  say I want to run a data mining project in this elastic supercomputer.
This project would require a somewhat large data set to download to the system.
Then it would require some software to read the and conduct the analysis using the supercomputer.
Let say I could write a program to do so if needed (though could be complex).

How far away are we from elastic capability to allow something like this.
Or are we already there in principle?

[coralreefer]

Hi,  say I want to run a data mining project in this elastic supercomputer.
This project would require a somewhat large data set to download to the system.
Then it would require some software to read the and conduct the analysis using the supercomputer.
Let say I could write a program to do so if needed (though could be complex).

How far away are we from elastic capability to allow something like this.
Or are we already there in principle?

In principle it can do what you stated; however, it would certainly depend on your definition of a large data set.  Here are a couple of things to note:

  1) We need EK to confirm that max storage size that the network can handle....right now the miner is coded to only allow 256MB memory use, but that is just a random number I picked...it will depend on what EK determines the network can handle as part of the message traffic.
  2) Currently, the Elastic UI doesn't allow the job author to upload a starting dataset....the current miner / node design accommodate this, but the UI would need to be modified to provide a way to upload the data
  3)  In the existing design, for smaller datasets (i.e. < 100K or so) you'd just include the dataset in the ElasticPL code and use it to initialize the variables during the first round.

So again, it would depend on what you consider a large dataset...as we've pointed out numerous times, the current design of Elastic was not intended for data intensive tasks such as rendering, machine learning, etc.

[Optimiza]

Hi,  say I want to run a data mining project in this elastic supercomputer.
This project would require a somewhat large data set to download to the system.
Then it would require some software to read the and conduct the analysis using the supercomputer.
Let say I could write a program to do so if needed (though could be complex).

How far away are we from elastic capability to allow something like this.
Or are we already there in principle?

In principle it can do what you stated; however, it would certainly depend on your definition of a large data set.  Here are a couple of things to note:

  1) We need EK to confirm that max storage size that the network can handle....right now the miner is coded to only allow 256MB memory use, but that is just a random number I picked...it will depend on what EK determines the network can handle as part of the message traffic.
  2) Currently, the Elastic UI doesn't allow the job author to upload a starting dataset....the current miner / node design accommodate this, but the UI would need to be modified to provide a way to upload the data
  3)  In the existing design, for smaller datasets (i.e. < 100K or so) you'd just include the dataset in the ElasticPL code and use it to initialize the variables during the first round.

So again, it would depend on what you consider a large dataset...as we've pointed out numerous times, the current design of Elastic was not intended for data intensive tasks such as rendering, machine learning, etc.

Thank you, thinking about this, the project which eventually offers data intensive tasks will be in high demand.
Just speculating wildly, but imagine a network where nodes are incentivated to actually grow in processing power, storage capacity, and network latency (become supercomputers themselves), through maybe mixing proof-of-work, proof-of-capacity, proof-of-bandwidth rewards.  A future user of the network can upload their data and also manipulate and process it using "fuel" in this distributed network, where the information and information processing is shared by the nodes. One can imagine; probably some have thought in this direction.

[wuzzap8989]

this happens when i login to web explorer:

Warning: You are most likely on a fork (base target is very high).

this happens when i click on forging (my coins are on block 93000) :

Your effective balance is zero, you cannot forge. (Effective balance is your balance after 750 block confirmations).

whats wrong here?

*push*

[PGPpfKkx]

will it matter how much cpu/ram the forging node will have for the xel it generates? would make sense for a supercomputer ?

[bspus]

will it matter how much cpu/ram the forging node will have for the xel it generates? would make sense for a supercomputer ?

Forging blocks does not create XEL. You only get XEL that is paid as transaction fees.

If you want to earn XEL by selling cpu power, maybe (not sure) turning off forging is a good idea.

Of course I don't know when that will be possible

[oxonhu]

marketcap to 100million $ ? that means price will be 1.15$ ?

[NutMasterTardd]

marketcap to 100million $ ? that means price will be 1.15$ ?

A few hundred more BTC on the 24 hour volume on Bittrex and we'll probably see a new ATH soon especially if it hits the front page of markets, not sure if it will still be at that level after a week or two though IMO. A few people last time were complaining when it dropped from 25k. Anyway it doesn't really matter if you believe in Elastic long-term, these price swings will be nothing compared to in a few years when the project is more developed and more established.

I would think the same as last time will happen, shoot up and come back down again. Then eventually in a few months/years it will go up and these levels will never be seen again and these price swings will be laughable.

[cyborgdroid]

 If elastic grows they will have some trademark issues with ElasticSearch. Kind of a supercomputer as well, just not decentralized, and focused on data analytics.

https://www.elastic.co/

[mr.coinzy]

If elastic grows they will have some trademark issues with ElasticSearch. Kind of a supercomputer as well, just not decentralized, and focused on data analytics.

https://www.elastic.co/

Newbie account registered today making his first and only post here to mention possible future issues? (these are not an issue anyway so your fud is not very successful)
Hmmmm... I wonder if that is a coincidence...

[PGPpfKkx]

will it matter how much cpu/ram the forging node will have for the xel it generates? would make sense for a supercomputer ?

Forging blocks does not create XEL. You only get XEL that is paid as transaction fees.

If you want to earn XEL by selling cpu power, maybe (not sure) turning off forging is a good idea.

Of course I don't know when that will be possible

ahh ok I thought when you will have forging enabled it would also mean that you are giving cpu power to the network for calculations but it will be different.

[Soul_eater_123]

If elastic grows they will have some trademark issues with ElasticSearch. Kind of a supercomputer as well, just not decentralized, and focused on data analytics.

https://www.elastic.co/

Newbie account registered today making his first and only post here to mention possible future issues? (these are not an issue anyway so your fud is not very successful)
Hmmmm... I wonder if that is a coincidence...

It's not fake FUD.  It is an issue I have raised before.  We should be conscious of it rather than dismissing it.

[yugu]

Any plans from developers to introduce a new working sample?
Let's say ETH mining, or some rendering similar to Golem?

[Evil-Knievel]

It's not fake FUD.  It is an issue I have raised before.  We should be conscious of it rather than dismissing it.

Well, we could decide to rename that thing - maybe just XEL? Or we could write it with a "k" at the end? We could also try to find out if this would be necessary first. It's up to you @community.

[oscurito23]

It's not fake FUD.  It is an issue I have raised before.  We should be conscious of it rather than dismissing it.

Well, we could decide to rename that thing - maybe just XEL? Or we could write it with a "k" at the end? We could also try to find out if this would be necessary first. It's up to you @community.

ElastiK sounds very good.

[Soul_eater_123]

It's not fake FUD.  It is an issue I have raised before.  We should be conscious of it rather than dismissing it.

Well, we could decide to rename that thing - maybe just XEL? Or we could write it with a "k" at the end? We could also try to find out if this would be necessary first. It's up to you @community.

Yes that would be one way to get round it.  In fact I may be wrong but I think Elastic itself may be considered too generic to be copyrighted anyway.  So Elastik (assuming nobody else has used it) would be better.

[coralreefer]

One advantage of changing to "Elastik" or some other similar name is the .com domains should be available for a website, forum, etc.  The disadvantage of course would be that people actually thinking the name is "Elastic" could end up in the wrong location.  Maybe there is better solution.