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

[Tedscript]

I've searched the last pages of this huge thread but I couldn't find any reference to Gridcoin or Boinc.

This project seems very similar to the Gridcoin which I'm currently supporting with my CPU while my GPUs are mining.
Elastic seems to be built from the bottom for what it does though, while Gridcoin was just attached to another platform which was running before the blockchain technology (16 years now to be precise).
Is there any other reason that Elastic is better than BOINC? Maybe the two of them are different in many ways and I'm just missing something?

https://talk.elasticexplorer.org/t/elastic-compared-to-other-competitors/30
"The problem with this approach is the involvement of a central authority. The distribution of Gridcoins (GRC) can be tampered arbitrarily the moment an attacker gains access to the centralized service. Also, the existence of Gridcoin depends on the existence of BOINC. If the latter service dies, so does Gridcoin unless an update is rolled out which moves the Proof-of-Research mechanism to a different service.

In Elastic, we do not have such problems: we do not rely on any other third party service and neither do we depend the payout process on any kind of external (not tamper proof) factors. Instead, the measurement of the amount of computational contribution as well as the payout process is done entirely in the protocol itself."

[lda1000]

From the https://elasticfans.slack.com/

XEL MINING DEMO - MAINNET

https://vimeo.com/272336319

 

[Zeatorius]

From the https://elasticfans.slack.com/

XEL MINING DEMO - MAINNET

https://vimeo.com/272336319

 

Is this a mainnet launch or am I mistaken and this is a video on the testnet?

[trumpman]

From the https://elasticfans.slack.com/

XEL MINING DEMO - MAINNET

https://vimeo.com/272336319

 

can we please have an inv link for the slack ?

[bodaa]

I want to start an experiment and actually start mining other coins using XEL any ideas how can this be possible?

[RivAngE]

I've searched the last pages of this huge thread but I couldn't find any reference to Gridcoin or Boinc.

This project seems very similar to the Gridcoin which I'm currently supporting with my CPU while my GPUs are mining.
Elastic seems to be built from the bottom for what it does though, while Gridcoin was just attached to another platform which was running before the blockchain technology (16 years now to be precise).
Is there any other reason that Elastic is better than BOINC? Maybe the two of them are different in many ways and I'm just missing something?

https://talk.elasticexplorer.org/t/elastic-compared-to-other-competitors/30
"The problem with this approach is the involvement of a central authority. The distribution of Gridcoins (GRC) can be tampered arbitrarily the moment an attacker gains access to the centralized service. Also, the existence of Gridcoin depends on the existence of BOINC. If the latter service dies, so does Gridcoin unless an update is rolled out which moves the Proof-of-Research mechanism to a different service.

In Elastic, we do not have such problems: we do not rely on any other third party service and neither do we depend the payout process on any kind of external (not tamper proof) factors. Instead, the measurement of the amount of computational contribution as well as the payout process is done entirely in the protocol itself."

Thanks for the info. I'm afraid of that exact issue with BOINC. However it's much easier to use than XEL is... or at least seems to be. I read the instructions today and though I understood what I had to do, it was a lot of trouble!

[lda1000]

I've searched the last pages of this huge thread but I couldn't find any reference to Gridcoin or Boinc.

This project seems very similar to the Gridcoin which I'm currently supporting with my CPU while my GPUs are mining.
Elastic seems to be built from the bottom for what it does though, while Gridcoin was just attached to another platform which was running before the blockchain technology (16 years now to be precise).
Is there any other reason that Elastic is better than BOINC? Maybe the two of them are different in many ways and I'm just missing something?

https://talk.elasticexplorer.org/t/elastic-compared-to-other-competitors/30
"The problem with this approach is the involvement of a central authority. The distribution of Gridcoins (GRC) can be tampered arbitrarily the moment an attacker gains access to the centralized service. Also, the existence of Gridcoin depends on the existence of BOINC. If the latter service dies, so does Gridcoin unless an update is rolled out which moves the Proof-of-Research mechanism to a different service.

In Elastic, we do not have such problems: we do not rely on any other third party service and neither do we depend the payout process on any kind of external (not tamper proof) factors. Instead, the measurement of the amount of computational contribution as well as the payout process is done entirely in the protocol itself."

Thanks for the info. I'm afraid of that exact issue with BOINC. However it's much easier to use than XEL is... or at least seems to be. I read the instructions today and though I understood what I had to do, it was a lot of trouble!

Did you read this?

https://github.com/xel-software/orientation

Legacy Core Client

The old legacy client should be used by all those who do not plan to get involved in either buying computational resources or by contributing their computational resources to the network. While still in experimental stage, this client is tested for quite a while now and is the safer choice:

https://github.com/xel-software/Litewallet-Mainnet

Experimental Beta Client (With Computation)

This is the new client. It allows you to interact with XEL's computation engine on the mainnet. It is less tested and may contain bugs. Please re-read the above disclaimer and never use more coins with it (or with Xeline) than you can afford to lose.

https://github.com/xel-software/Computationwallet-Mainnet

For an easier set-up, we strongly suggest that you use the Docker-based installation found here:

https://github.com/xel-software/Computationwallet-Mainnet-Docker

[hadevil]

what will be the amount of XEL to run the MN?

[alphahacktivist]

Excuse my ignorance but i have a few questions;

. Is xel a security or anything that the SEC dogs will decide to block.
. Is the mn going to be launched june or not?
. Is there any 51% attack that can be done to xel?
. Are we going to find a way to crowfund PR campaigns or something alike for xel?
. And last, please dont get on binance or make mcafee endorse xel. Its one of the few real remaining projects, dont taint it.

[trumpman]

Excuse my ignorance but i have a few questions;
. And last, please dont get on binance or make mcafee endorse xel. Its one of the few real remaining projects, dont taint it.

what's so bad about binance?

[kraterion]

I don't really think that you can label XEL as a security, it's an utility asset/coin/token whatever you wanna call it, used to buy computational power


On a sidenote, this new 51% attack meme I'm sure as hell that will lead to a new wave of shitcoins with the sentence "51% attack resistant" in it, mark my words

edit:thanks trumpman you're right, was thinking about masternodes because someone asked "what will be the amount of XEL to run the MN?"

[trumpman]

Whre did you read that Elastic will have masternodes?
I don't really think that you can label XEL as a security, it's an utility asset/coin/token whatever you wanna call it, used to buy computational power


On a sidenote, this new 51% attack meme I'm sure as hell that will lead to a new wave of shitcoins with the sentence "51% attack resistant" in it, mark my words

I think they mean main net not mssternode :p

[abaumgar]

Whre did you read that Elastic will have masternodes?
I don't really think that you can label XEL as a security, it's an utility asset/coin/token whatever you wanna call it, used to buy computational power


On a sidenote, this new 51% attack meme I'm sure as hell that will lead to a new wave of shitcoins with the sentence "51% attack resistant" in it, mark my words

I think they mean main net not mssternode :p

  Main-net has been launched long time ago and the computation part is now also available on the main-net (but still considered Beta). Maybe this answers his question or did he mean something else. 

[Alohaboy?!]

Whre did you read that Elastic will have masternodes?
I don't really think that you can label XEL as a security, it's an utility asset/coin/token whatever you wanna call it, used to buy computational power


On a sidenote, this new 51% attack meme I'm sure as hell that will lead to a new wave of shitcoins with the sentence "51% attack resistant" in it, mark my words

I think they mean main net not mssternode :p

That would be a first for me to read about masternodes. There is some reward system by the usage of forging. Maybe they really meant main net in the original post. I can only advise everyone to watch the vimeo video posted above about the usage of the project. That is really great and gives a first look and feel for the capabilities of the project

[lda1000]

Whre did you read that Elastic will have masternodes?
I don't really think that you can label XEL as a security, it's an utility asset/coin/token whatever you wanna call it, used to buy computational power


On a sidenote, this new 51% attack meme I'm sure as hell that will lead to a new wave of shitcoins with the sentence "51% attack resistant" in it, mark my words

I think they mean main net not mssternode :p

That would be a first for me to read about masternodes. There is some reward system by the usage of forging. Maybe they really meant main net in the original post. I can only advise everyone to watch the vimeo video posted above about the usage of the project. That is really great and gives a first look and feel for the capabilities of the project

The video you've mentioned posted below for reference:

XEL MINING DEMO - MAINNET

https://vimeo.com/272336319


This video actually blew my mind.

[alphahacktivist]

Yes i was asking about main net. However the beta is not the full release. But all thanks to everyone who replied.
And why i dont really am a fan of binance is because listing there is just like a usual pump amd dump group. It pumps only for 30minutrs to 2hours then fall back lower than initial price before binance
Bittrex is good imho. Its more "clean"

[gimineot]

Elastic is a long-term project, there is no need for desperation and fear, everything and everyone makes some mistakes, no one can be crucified

[trumpman]

Yes i was asking about main net. However the beta is not the full release. But all thanks to everyone who replied.
And why i dont really am a fan of binance is because listing there is just like a usual pump amd dump group. It pumps only for 30minutrs to 2hours then fall back lower than initial price before binance
Bittrex is good imho. Its more "clean"

Well if that's true I don't think why it's binance's problem, just how day traders react It's one of the biggest exchanges so in the long run it would be great to be listed there although I don't see it happening anytime soon!

[doedz]

Yes i was asking about main net. However the beta is not the full release. But all thanks to everyone who replied.
And why i dont really am a fan of binance is because listing there is just like a usual pump amd dump group. It pumps only for 30minutrs to 2hours then fall back lower than initial price before binance
Bittrex is good imho. Its more "clean"

Well if that's true I don't think why it's binance's problem, just how day traders react It's one of the biggest exchanges so in the long run it would be great to be listed there although I don't see it happening anytime soon!

It looks like XEL is one of the coins that will surprise us all like the Civic recently.
No plans to add in Binance but secretly they do it.

Hopefully, that happens to XEL, one of his other good coins that deserve to be in Binance.
Let's pray guys 

[coralreefer]

...However the beta is not the full release...

Are you sure about that?

Also, this is an open-source project.  The idea is that community members contribute additional coding / functionality as they feel needed...the project should continue to grow/evolve over time.