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ANTIMANIA (OP)
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July 28, 2017, 05:54:02 PM |
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So, heres the deal... Anything can be profitable. The profit of all of these cryptocurrencies in the end is because all of us assign value to it. Beanie Babies were valuable because we assigned value to them. Fiat currency is valuable because we assign value to it. A chair is valuable because we assign value to it. Your question and search for an "answer" is futile. If you create something that has value, and can convince us, the people and users of your coin that is has value then the method of mining really doesn't matter. On the contrary you have an uphill battle to climb because there is a preconceived notion that CPU mining and ordinacy PC mining is not worth it. Its similar to the battle that PoS systems face. There is no "Right" answer. A PoS system is no better or worse than a PoW system, the people just favor PoW for various reasons, thats not to say PoS can't be successful. In short.... stop beating around the bush and telling everybody all the "amazing things your coin might or might not be able to do" and just do it. It would be like me saying, hey guys I have this car, its basically as fast as a Lambo, costs as much as a Toyota, but I PROMISE its just as good!!!!!! Anybody interested?   I'm working. I wanted to clarify something for myself. And when I write my thoughts and see people's reaction to them, it helps me. Therefore - thank you for participating in the discussion) |
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soothaa
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July 28, 2017, 05:59:08 PM |
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Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.
CPU mining? Botnets
Un-poolable? Multiple wallets per machine/per card/per whatever
Hashrate limit? See above
Limited emission? Less profitable for the smaller miners so no interest
If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.
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ANTIMANIA (OP)
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July 28, 2017, 06:32:03 PM |
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Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.
CPU mining? Botnets
Un-poolable? Multiple wallets per machine/per card/per whatever
Hashrate limit? See above
Limited emission? Less profitable for the smaller miners so no interest
If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.
I hope that this is so. I await a response from the patent attorney about the possibility of obtaining a patent. If this invention is patentable. If not, I'll lay out the diagrams that reveal the essence of this topic. |
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TronQuix
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July 28, 2017, 07:26:10 PM |
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Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.
CPU mining? Botnets
Un-poolable? Multiple wallets per machine/per card/per whatever
Hashrate limit? See above
Limited emission? Less profitable for the smaller miners so no interest
If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.
I hope that this is so. I await a response from the patent attorney about the possibility of obtaining a patent. If this invention is patentable. If not, I'll lay out the diagrams that reveal the essence of this topic. When you say invention are you referring to the code? Or is there a physical device? |
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ANTIMANIA (OP)
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July 29, 2017, 06:39:23 AM |
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Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.
CPU mining? Botnets
Un-poolable? Multiple wallets per machine/per card/per whatever
Hashrate limit? See above
Limited emission? Less profitable for the smaller miners so no interest
If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.
I hope that this is so. I await a response from the patent attorney about the possibility of obtaining a patent. If this invention is patentable. If not, I'll lay out the diagrams that reveal the essence of this topic. When you say invention are you referring to the code? Or is there a physical device? Method and system for its implementation |
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TronQuix
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July 31, 2017, 06:19:34 PM |
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So you are trying to patent code? I ask because I have experience with this,
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ANTIMANIA (OP)
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August 01, 2017, 02:04:43 PM |
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So you are trying to patent code? I ask because I have experience with this,
No, it does not make sense to patent the code. If patented, then the way to achieve the commercial goal. |
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TronQuix
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August 01, 2017, 07:56:27 PM |
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So you are trying to patent code? I ask because I have experience with this,
No, it does not make sense to patent the code. If patented, then the way to achieve the commercial goal. Well what I was going to tell you is patenting code doesnt really protect you anyway because it only protects against someone copying your code 100%. But it sounds like you aren't doing that anyway. Curious to see what comes of all this. |
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sylance
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August 01, 2017, 10:58:08 PM |
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Maybe it's just me, but I don't really think this is possible. It sounds as difficult as creating a bug-free game, or a un-hackable operating system. If the coin becomes profitable then someone will find a way to mine it with specialized hardware. It's like saying we're mining diamonds, but you can only mine them with shovels, no machines. But... maybe you have something and if you do, more power to you!
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ANTIMANIA (OP)
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August 02, 2017, 03:50:29 AM |
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Maybe it's just me, but I don't really think this is possible. It sounds as difficult as creating a bug-free game, or a un-hackable operating system. If the coin becomes profitable then someone will find a way to mine it with specialized hardware. It's like saying we're mining diamonds, but you can only mine them with shovels, no machines. But... maybe you have something and if you do, more power to you!
It is not difficult to change the very principle of mining and achieving consensus. |
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