[XPM] [ANN] Primecoin Prerelease Announcement - Introducing Prime Proof-of-Work

[coinerd]

Maybe I have missed something new among the sea of clones, but who is the first non-hashcash proof-of-work that you are referring to?

Most people have missed it completely, watching the sea of clones.  It's not a clone at all.

Emunie is well into beta with no satoshi wallet, a network structure of at least three node types (or 2 nodes plus wallet) and a different sort of proof of work and ledger structure that I have to admit I don't fully grok yet.  I think in the end as transactions age they end up in something that's very like a satoshi blockchain but it lives directly in RDB as well.

It's deeply into your "energy efficient" category.

They announced it and then the action moved to their forum when the first round of beta opened, there's very little talk of it here. Considering your history here  (unlike my noob-ness) I'd be interested in hearing your thoughts on it, if you check it out.

[Sunny King]

This is the first virus complaint of ppcoin so please report detail in ppcoin thread. The official ppcoin release is built through the same build tool that bitcoin uses (gitian-builder) so that other developers can verify the integrity of the release binaries. Primecoin release will also be built with gitian-builder with published signatures.

My antivirus tells me there is some kind of suspicious activity when I try to download a wallet of this type of coin, so I don't get involved in this type of coin. ppcoin and bitgem both have wallets that had viruses

[fran2k]

Can you please add more detail about the real innovation of this coin?

Thks

[Sunny King]

I don't think emunie brought new proof-of-work to the table. Most of the things it does were tried by timekoin and qubic last year. Proof-of-work is not a loose term you'd really need to have proof of your work, not some vague claim that you did something, not something that can be easily cheated.

Most people have missed it completely, watching the sea of clones.  It's not a clone at all.

Emunie is well into beta with no satoshi wallet, a network structure of at least three node types (or 2 nodes plus wallet) and a different sort of proof of work and ledger structure that I have to admit I don't fully grok yet.  I think in the end as transactions age they end up in something that's very like a satoshi blockchain but it lives directly in RDB as well.

It's deeply into your "energy efficient" category.

They announced it and then the action moved to their forum when the first round of beta opened, there's very little talk of it here. Considering your history here  (unlike my noob-ness) I'd be interested in hearing your thoughts on it, if you check it out.

[challen]

CPU only AND solo-mine only???

Thank you!!
(While it lasts anyways

[eddyfitz]

So nice that we finally will have coin from "adult" developers

[coinerd]

I don't think emunie brought new proof-of-work to the table. Most of the things it does were tried by timekoin and qubic last year. Proof-of-work is not a loose term you'd really need to have proof of your work, not some vague claim that you did something, not something that can be easily cheated.

Ok, interesting. I will dig deeper into it, i know it's heavily trust based but hadn't thought of it as "non-proof of work".

Timekoin and qubic were both before I knew about crypto so I don't know anything about them really.  In any case not to hijack over here with noob questions about another coin. 

I am interested to see this and how it works out.  I know there is a lot of desire for a "useful" proof of work and with it people won't mind the energy costs nearly as much.

[romerun]

see also

http://www.ppcointalk.org/index.php?topic=288.0

hold on, why not 4th July

[jubalix]

reserved

how does this help cpu mine that is agaisnt botnets which may be just directed at the coin

could I suggest a silent release of the complied qt client, to those who have over x amount of PPC or were registered on the PPC forum before a certain date,

this shows people who are at least dedicated to PPC/ your projects.

Eg the day after I purchased BTC I went around buying up PPC!

If i understand PrimeCoin may act as a bridge to PPC

but I don't understand it the hash rate away from BTC idea, see the overall hash available is increasing, so even if the pie is smaller for BTC this does not make it more vulnerable, also with asics now rolling out and by far the majority of new coins being scrypt his is even less an issue though that could change when everything that produces heat mines as well

on that point, it maybe that all heating elements mine eventually kind of putting a floor under the nergy usage as you were going to it anyway.

Imagine the amount of power a hot water element pulls, and could be directed at mining as well.

Would I like my hot water element to be makieng me btc or some otehr CC, why not!

[justabitoftime]

Exciting news Sunny, congrats.

[Vorksholk]

 


My antivirus tells me there is some kind of suspicious activity when I try to download a wallet of this type of coin, so I don't get involved in this type of coin. ppcoin and bitgem both have wallets that had viruses

Uhh, where to start...

Download for this wallet isn't even out yet, PPCoin didn't have a virus, neither did bitgem. If you did get a virus from either wallet, you should record where you downloaded the wallet from, and alert the devs so they can take appropriate action.

[Fuserleer]

I don't think emunie brought new proof-of-work to the table. Most of the things it does were tried by timekoin and qubic last year. Proof-of-work is not a loose term you'd really need to have proof of your work, not some vague claim that you did something, not something that can be easily cheated.

Most people have missed it completely, watching the sea of clones.  It's not a clone at all.

Emunie is well into beta with no satoshi wallet, a network structure of at least three node types (or 2 nodes plus wallet) and a different sort of proof of work and ledger structure that I have to admit I don't fully grok yet.  I think in the end as transactions age they end up in something that's very like a satoshi blockchain but it lives directly in RDB as well.

It's deeply into your "energy efficient" category.

They announced it and then the action moved to their forum when the first round of beta opened, there's very little talk of it here. Considering your history here  (unlike my noob-ness) I'd be interested in hearing your thoughts on it, if you check it out.

We do "proof of work" also as well as the trust and multi-transaction chain verification.

The POW works along side the transaction chains verification procedure and produces a "chain section sequence" that is calculated from all the transactions in the various chains that it relies on.  

eMunie can have many many chains all co-existing and growing at the same time, think of it more as a block tree than a block chain.  When a chain forks, the start and end points of that chain are defined as a chain section, and a finite number of blocks (and transactions) occupy it.

To produce this chain section sequence, you have to traverse all of the block tree forward and backward, which is expensive...however, checking the validity of the chain section sequence, and the blocks/transactions within them is quick and simple once you have it.  Thus clients can validate blocks to be legitimate rapidly.

Its not a hash based proof of work at all, but its still proof of work

Good luck with yours, when I have some more time (as we are rapidly approaching launch) I'll have a better read of what you propose.

EDIT:  To clarify, when I say expensive, this is still many orders of magnitude less wasteful than SHA or Scrypt hashing algorithms, and just as secure.

[TheSwede75]

reserved

how does this help cpu mine that is agaisnt botnets which may be just directed at the coin

could I suggest a silent release of the complied qt client, to those who have over x amount of PPC or were registered on the PPC forum before a certain date,

this shows people who are at least dedicated to PPC/ your projects.

Eg the day after I purchased BTC I went around buying up PPC!

If i understand PrimeCoin may act as a bridge to PPC

but I don't understand it the hash rate away from BTC idea, see the overall hash available is increasing, so even if the pie is smaller for BTC this does not make it more vulnerable, also with asics now rolling out and by far the majority of new coins being scrypt his is even less an issue though that could change when everything that produces heat mines as well

on that point, it maybe that all heating elements mine eventually kind of putting a floor under the nergy usage as you were going to it anyway.

Imagine the amount of power a hot water element pulls, and could be directed at mining as well.

Would I like my hot water element to be makieng me btc or some otehr CC, why not!

Cause as we all know, there are absolutely no botnet operators on ppc forum. . Nice try

[billotronic]

reserved

how does this help cpu mine that is agaisnt botnets which may be just directed at the coin

could I suggest a silent release of the complied qt client, to those who have over x amount of PPC or were registered on the PPC forum before a certain date,

this shows people who are at least dedicated to PPC/ your projects.

Eg the day after I purchased BTC I went around buying up PPC!

If i understand PrimeCoin may act as a bridge to PPC

but I don't understand it the hash rate away from BTC idea, see the overall hash available is increasing, so even if the pie is smaller for BTC this does not make it more vulnerable, also with asics now rolling out and by far the majority of new coins being scrypt his is even less an issue though that could change when everything that produces heat mines as well

on that point, it maybe that all heating elements mine eventually kind of putting a floor under the nergy usage as you were going to it anyway.

Imagine the amount of power a hot water element pulls, and could be directed at mining as well.

Would I like my hot water element to be makieng me btc or some otehr CC, why not!

Cause as we all know, there are absolutely no botnet operators on ppc forum. . Nice try

lol duh! they are on the btce troll box with the rest of us loons!

[forsetifox]

Watching this.

[NickCoin]

Would be interesting to see how this is received by crypto community.

As far as I'm concerned though, the days of pure POW single block chain hashing structure is numbered.

[mullick]

Wow Looks like your set to do it again. Thank you for bringing real innovation back to crypto

[jubalix]

reserved

how does this help cpu mine that is agaisnt botnets which may be just directed at the coin

could I suggest a silent release of the complied qt client, to those who have over x amount of PPC or were registered on the PPC forum before a certain date,

this shows people who are at least dedicated to PPC/ your projects.

Eg the day after I purchased BTC I went around buying up PPC!

If i understand PrimeCoin may act as a bridge to PPC

but I don't understand it the hash rate away from BTC idea, see the overall hash available is increasing, so even if the pie is smaller for BTC this does not make it more vulnerable, also with asics now rolling out and by far the majority of new coins being scrypt his is even less an issue though that could change when everything that produces heat mines as well

on that point, it maybe that all heating elements mine eventually kind of putting a floor under the nergy usage as you were going to it anyway.

Imagine the amount of power a hot water element pulls, and could be directed at mining as well.

Would I like my hot water element to be makieng me btc or some otehr CC, why not!

Cause as we all know, there are absolutely no botnet operators on ppc forum. . Nice try

well ok, true, but I think there would be less! maybe, than at large! or rather capture a better selection of no botnet as many botents would then not be able to participate

[paulthetafy]

Reserved, looks good!

[r3wt]

so i just got off the phone with satoshi. he's coming out of retirement to mine this coin.