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coralreefer
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June 08, 2017, 08:34:38 PM |
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+1 @ImI Most probably we will not be able to mine any block in BTC network but it's nice show-off of Elastic capabilities. +1 I will add website as a blog post. can somebody write content for this video for blog post? On it. :-) When you write the content...please put it in perspective. You cannot realistically mine BTC or any other coin with Elastic. Even if you disregard all the overhead in Elastic to create the specialized network it runs in...updates to the block to mine would need to propogate through our blockchain...so it may take a minute or more just for an Elastic miner to know to move on to a new block. I believe the demo he put together is good to show how to integrate external apps to the Elastic Network...but it should not lead anyone to believe that Elastic can be used to mine other blockchains of any type. |
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HunterMinerCrafter
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June 08, 2017, 08:40:47 PM |
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Originally, I think EK's plan was to have all nodes (the Core Server) run the validation logic; however, the algorithms written in ElasticPL can potentially take quite a bit of time and memory to solve (i.e. seconds...depending on the complexity), so the validation logic could easily be used to attack the network (i.e. submit a complex job and throw 100's of solutions to the nodes to validate).
Right, this is one of the reasons for the small/subtle changes in the payouts model. Under the model I propose, the attacker would need to re-submit his complex job after each solution he issued to himself. (His job would also have to be "actually" complex, and not just be full of "meaningless" busy-loops which do not contribute to output value, mind you.) This creates an opportunity at each solution found for miners to reject his new jobs (or up tx fee for them) if they feel the network becomes too loaded. At that point the problem becomes no different from an attacker trying to stuff up the btc network with dust transactions filling up the block limit - he can still try to do it but miners can just make it ever more costly for him until he is broke and must just stop because he can no longer afford it. |
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clivemy
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June 08, 2017, 08:42:48 PM |
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+1 @ImI Most probably we will not be able to mine any block in BTC network but it's nice show-off of Elastic capabilities. +1 I will add website as a blog post. can somebody write content for this video for blog post? On it. :-) When you write the content...please put it in perspective. You cannot realistically mine BTC or any other coin with Elastic. Even if you disregard all the overhead in Elastic to create the specialized network it runs in...updates to the block to mine would need to propogate through our blockchain...so it may take a minute or more just for an Elastic miner to know to move on to a new block. I believe the demo he put together is good to show how to integrate external apps to the Elastic Network...but it should not lead anyone to believe that Elastic can be used to mine other blockchains of any type. @coralreefer - no worries. I remember the discussions from a long ways back that elastic is not suitable for mining purposes and I shall emphasis that the video is purely to demonstrate the capabilities of Elastic and not a suitable use case. |
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dumple
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Activity: 170
Merit: 10
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June 08, 2017, 08:44:21 PM |
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You should also add in the OP: - The mainnet is not launched
- There is no place to purchase/trade token yet
- Release will be in 1-2 weeks if all goes well
That will help cut down on these repetitive questions in this thread. |
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DaMut
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June 08, 2017, 08:51:16 PM |
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You should also add in the OP: - The mainnet is not launched
- There is no place to purchase/trade token yet
- Release will be in 1-2 weeks if all goes well
That will help cut down on these repetitive questions in this thread. True, Also add something to the title like 'ReLaunch or Rebirth' to avoid a new member asking for free XEL and repetitive question. Plus it'll be better if we can see a beautiful ann thread.  |
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ImI (OP)
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Activity: 1946
Merit: 1019
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June 08, 2017, 09:19:36 PM |
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I now applied @xtester's OP proposal. I hope the "important contributors" part with the profile-links is OK. Otherwise say something and i delete it.
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coralreefer
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June 08, 2017, 09:43:11 PM |
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I now applied @xtester's OP proposal. I hope the "important contributors" part with the profile-links is OK. Otherwise say something and i delete it.
Not sure if anyone is more important than anyone else...maybe instead it could be more like a list of items delivered or in progress and who worked on them. |
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basket ball
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June 08, 2017, 09:54:58 PM |
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only 1 day to get 6 page
very well project
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Evil-Knievel
Legendary
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Activity: 1260
Merit: 1168
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June 08, 2017, 09:56:18 PM |
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I promise to catch up with all those nice and brilliant ideas regarding the payout model as well as all unanswered private messages this weekend. Starting tomorrow  |
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13Darko
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June 08, 2017, 10:00:31 PM |
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I now applied @xtester's OP proposal. I hope the "important contributors" part with the profile-links is OK. Otherwise say something and i delete it.
Nice. We have a twitter btw. It's https://twitter.com/elastic_coin. I just don't remember who is in control of it. |
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xtester
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June 08, 2017, 10:06:04 PM |
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I now applied @xtester's OP proposal. I hope the "important contributors" part with the profile-links is OK. Otherwise say something and i delete it.
Looks good, ImI. This thing is exploding with interest. Good times ahead.  |
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by rallier
Legendary
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Activity: 1848
Merit: 1334
just in case
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June 08, 2017, 10:20:50 PM |
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I now applied @xtester's OP proposal. I hope the "important contributors" part with the profile-links is OK. Otherwise say something and i delete it.
Nice. We have a twitter btw. It's https://twitter.com/elastic_coin. I just don't remember who is in control of it. Xtester has control on it. https://bitcointalk.org/index.php?action=profile;u=197542 . If somebody will be more social, You can take it control. |
signature not found.
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godis
Newbie
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Activity: 40
Merit: 0
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June 08, 2017, 11:20:47 PM |
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So Is there some kind of swap from old xel to new xel?
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ttookk
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June 08, 2017, 11:24:49 PM |
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So Is there some kind of swap from old xel to new xel?
What old XEL? XEL isn't even released yet. |
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dumple
Member
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Activity: 170
Merit: 10
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June 09, 2017, 12:22:05 AM |
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So Is there some kind of swap from old xel to new xel?
What old XEL? XEL isn't even released yet. OK al clear  thx The only thing new is this ANN thread. Because the creator of the old thread is gone, and the OP can't be updated. |
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aa417444103
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Activity: 107
Merit: 10
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June 09, 2017, 03:40:36 AM |
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want to buy .. PM me.
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kurumi
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June 09, 2017, 03:54:43 AM |
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Bgjjj2016
Sr. Member
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Activity: 448
Merit: 250
Ben2016
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June 09, 2017, 04:31:08 AM |
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I promise to catch up with all those nice and brilliant ideas regarding the payout model as well as all unanswered private messages this weekend. Starting tomorrow EK, I know it sounds repetitive, but wanna say " Thank You " for your dedication |
My " I want that Old Toyota Camry very bad" BTC Fund :1DQU4oqmZRcKSzg7MjPLMuHrMwnbDdjQRM |
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blg42598
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June 09, 2017, 04:43:34 AM |
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Nice new thread, just waiting on the mainnet. |
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HmmMAA
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June 09, 2017, 04:50:57 AM |
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I now applied @xtester's OP proposal. I hope the "important contributors" part with the profile-links is OK. Otherwise say something and i delete it.
Nice. We have a twitter btw. It's https://twitter.com/elastic_coin. I just don't remember who is in control of it. I created that twitter account . It's in the hands of the community if someone can use it better ( i guess there are many ). |
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." Thomas Sowell |
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