Travis726
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Activity: 102
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February 15, 2018, 04:08:32 PM |
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he corrected himself in a later post, he really has 80k (or 800k, dont remember). but you do have a point, and I wonder the same all the time. IF a couple whales bought into a couple big exchanges i bet they could profit overall...
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vorpalspear
Jr. Member
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Activity: 81
Merit: 1
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February 15, 2018, 04:13:42 PM |
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he corrected himself in a later post, he really has 80k (or 800k, dont remember). but you do have a point, and I wonder the same all the time. IF a couple whales bought into a couple big exchanges i bet they could profit overall...
Ah, OK, that makes more sense. Still, 41% of circulating supply is premined coins. How much of that is the core/dev team still holding? |
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valiant1
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Activity: 219
Merit: 121
Lethean Developer
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February 15, 2018, 04:36:43 PM |
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In the current scheme of POW crypto, pools are necessary for mining. It's inefficient and cumbersome to have everyone mining solo. Monero has been discussing possible revision of the POW algo to deter ASICs (and NiceHash). We are following this closely and may follow suit if XMR institutes changes. In the meantime there is nothing that can be done. Even if the pools 'ban' NH or do not open difficulty ports to accommodate NH, it's still trivially easy for someone to operate a private pool and point NH at it. |
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vorpalspear
Jr. Member
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Activity: 81
Merit: 1
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February 15, 2018, 05:16:38 PM |
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In the current scheme of POW crypto, pools are necessary for mining. It's inefficient and cumbersome to have everyone mining solo. Monero has been discussing possible revision of the POW algo to deter ASICs (and NiceHash). We are following this closely and may follow suit if XMR institutes changes. In the meantime there is nothing that can be done. Even if the pools 'ban' NH or do not open difficulty ports to accommodate NH, it's still trivially easy for someone to operate a private pool and point NH at it. Are ASICs even really possible for this algorithm? At first I didn't believe in anything called "ASIC proof" because I'd seen that turn out to be false too many times before (scrypt, quark, etc etc) but ETHash has been around for a really long time with the first memory-bound algo, and appears to be truly ASIC-proof. And we also have Equihash and other algos that are truly ASIC-proof. So cryptonight relies on L3 cache on the chip.... it seems to me that ASIC producers might have to produce chips that are on the level of technology of Intel/AMD, and I doubt they can compete. Their chips would be costly. Putting cache on a processor is expensive. If you did find some on the market, they'd probably be like these "ASICs" you see that are nothing more than GPU chips and memory in a box, and offer no real advantage over traditional GPUs. But if the Monero leadership is talking about a hard fork to change the algo, there must be either a real threat from ASICs, or they want an excuse to hard fork for some reason(s). |
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pallas
Legendary
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Activity: 2716
Merit: 1094
Black Belt Developer
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February 15, 2018, 05:54:05 PM |
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They are trying to scare people so they don't even try ;-)
What if they produce 1000s of chips, then Monero hardforks, changing just one bit in a random place of the algo? Pools and miners adapt quickly, but a chip...
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ThePigwee
Member
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Activity: 181
Merit: 46
Lethean COO
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February 15, 2018, 06:24:19 PM |
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zhou2
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February 15, 2018, 07:59:38 PM |
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Great update!  "OVERALL The new daemon, beta wallet and XMR rebase beta (v 1.4.4.0) along with the recent addition of two Internet Rocket Investors to our advisory board are all really encouraging developments for our product line. Coding for the Browser Extension (BE) will begin this week and is occurring simultaneously with the Intense VPN. A couple snags were hit in finalizing the design so we are a bit behind, but still on pace to hit roadmap goals. The internal structures and system required to support the BE will serve a dual purpose for the VPN. We will continue to update you on development!" |
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kepas
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Activity: 426
Merit: 11
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February 15, 2018, 08:09:02 PM |
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easy, buddy. it's just a temporary increase. nicehasher mines a short time and the difficulty quickly returns  |
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Speedie
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February 15, 2018, 08:30:17 PM |
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They are trying to scare people so they don't even try ;-)
What if they produce 1000s of chips, then Monero hardforks, changing just one bit in a random place of the algo? Pools and miners adapt quickly, but a chip...
Agree 100%. They just have to show the willingness to actually do it. It wouldn't necessarily be a problem for an FPGA if such a beast existed, but given the memory bandwidth requirements it's doubtful that an FPGA would be worthwhile anyway. |
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canibalgb
Full Member
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Activity: 448
Merit: 102
Beam me up!
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February 15, 2018, 08:53:29 PM |
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Great news. I trust very much on this excellent project. |
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Neo.Prometheus
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Activity: 238
Merit: 11
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February 16, 2018, 12:00:34 AM |
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Speaking of investment. To date, most of the people on the planet not to understand in fact the meaning of the formation, storage and handling of cryptocurrency. Of course, to put your capital at great benefit to the hunting all – now about the incredible swappable, which can be acquired through attaching conventional monetary units to the "cryptoindustry" say on almost every corner. The theme is very discussed.
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digiguy
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February 16, 2018, 04:04:03 AM |
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intense will hit 1000 satoshis by the end of the year  |
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jozsefnevarhelyi
Newbie
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Activity: 42
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February 16, 2018, 09:03:07 AM |
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It's much more credible than the $1 price. |
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Holdi
Member
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Activity: 132
Merit: 10
Just HODL
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February 16, 2018, 10:25:31 AM |
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Thanks for this update. It's really interesting to read all this informations. |
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Jon88
Jr. Member
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Activity: 154
Merit: 2
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February 16, 2018, 12:29:43 PM |
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intense will hit 1000 satoshis by the end of the year By far the worst coin I´ve bought but keep on praying to sell at profit. |
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pallas
Legendary
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Activity: 2716
Merit: 1094
Black Belt Developer
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February 16, 2018, 12:37:19 PM |
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intense will hit 1000 satoshis by the end of the year By far the worst coin I´ve bought but keep on praying to sell at profit. You must have bought very good coins until now; please share your wisdom :-D |
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Jon88
Jr. Member
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Activity: 154
Merit: 2
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February 16, 2018, 01:02:30 PM |
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intense will hit 1000 satoshis by the end of the year By far the worst coin I´ve bought but keep on praying to sell at profit. You must have bought very good coins until now; please share your wisdom :-D Not really a coin but a token called eBitcoin. The price is still cheap at $1. |
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nunoclix
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February 16, 2018, 01:10:21 PM |
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Can i say something? I keep saying always the same and yes, i wont be tired for sure....I love Intense Coin, it´s my number 1 Booooooyaaaaa
Intense rocksssssss!!!
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MagicSmoker
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February 16, 2018, 01:35:17 PM |
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By far the worst coin I´ve bought but keep on praying to sell at profit.
You must have bought very good coins until now; please share your wisdom :-D Not really a coin but a token called eBitcoin. The price is still cheap at $1. Lemme get this straight: ITNS is the worst coin you've bought... out of two? |
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