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Author Topic: [ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN  (Read 124725 times)
AltScope
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April 12, 2018, 06:45:23 AM
 #2461

x10 miner's would loose about 40% hashing income to mine BWK,  either they like wasting money or they support the coin and think it's future is bright!!  I have 10 x-10's and i'll mine xvg and buy BWK cause i support the coin!! Not all Asic miner's are evil, just saying I got nothing but love for GPU's I have em too!!


the main issue with asics imo is the knock on effect:

1) gpu/cpu only algorithm comes out its profitable
2) asic comes out for any algorithm
3) becomes unprofitable to gpu/cpu mine
4) gpu/cpu's spead to other algorithms lowering profitability
5) see 1

don't get me wrong I'd love an x-10 and asics do support the networks but its getting crazy

I was trying to find a decent pool but then saw the news


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homey108
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April 12, 2018, 06:47:32 AM
Last edit: April 12, 2018, 07:07:55 AM by homey108
 #2462


We are aware that there is an ASIC available for the NIST5 algorithm and are discussing possible solutions internally.

We will have an announcement soon.

Thank you.

All these forks that have been happening, are getting ridiculous.  Seems like every month or so there's another major problem. Everyone trying to find out whether or not they're on the right chain, lost coins, investors fleeing, exchanges shutting down transactions, mandatory updates, basically a big mess.  Amateur hour.  Get the freakin blockchain stable and secure already.

Just switch to POS and be done with all these needless mining issues.  The miners just dump the price down anyways and don't prop it up by buying on exchanges.  Atleast with POS, people will be forced to buy and hold in order to profit.  All benefits and no downsides.  Stable blockchain and positive price movement for once.

The miners have had a long run of profitable mining and dumping BWK,  there are thousands of other coins for them to wreck. Time to take it seriously and build a stable future for this coin. I honestly can't believe that after two major mining related forks, that the devs haven't switched to POS already and are even considering more pandering to the miners with an algo change.
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April 12, 2018, 07:15:29 AM
 #2463


We are aware that there is an ASIC available for the NIST5 algorithm and are discussing possible solutions internally.

We will have an announcement soon.

Thank you.

All these forks that have been happening, are getting ridiculous.  Seems like every month or so there's another major problem. Everyone trying to find out whether or not they're on the right chain, lost coins, investors fleeing, exchanges shutting down transactions, mandatory updates, basically a big mess.  Amateur hour.  Get the freakin blockchain stable and secure already.

Just switch to POS and be done with all these needless mining issues.  The miners just dump the price down anyways and don't prop it up by buying on exchanges.  Atleast with POS, people will be forced to buy and hold in order to profit.  All benefits and no downsides.  Stable blockchain and positive price movement for once.

The miners have had a long run of profitable mining and dumping BWK,  there are thousands of other coins for them to wreck. Time to take it seriously and build a stable future for this coin. I honestly can't believe that after two major mining related forks, that the devs haven't switched to POS already and are even considering more pandering to the miners with an algo change.

You know that a fork hasn't happened and nothing is wrong with our network, right? An FPGA has released a software update that allows their hardware owners to mine nist5 (Bulwark). This in turn caused nethash to rise to a staggering 17Th/s+ over night.

We're not doing this out of necessity. We clearly stated in our white paper that should an event like this happen, we would put it to a vote and consider a PoW algorithm switch. We are men of our word and we are doing exactly what we stated we would do since the whitepaper was released shortly after Bulwark went live back in December. For those that read the white paper, this vote is coming as no surprise to them. Most are happy that we've remembered and are keeping our word to actually listen to our community.
Eatbatterys
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April 12, 2018, 07:17:03 AM
 #2464

I thought u guys are a bit more experienced in stuff like algorithms. ASICs chips can only mine a specific algorithm, so the baikal x10 had 6 or 7 different chips and they just activated them with a firmware. So they need a new ASIC for the new algorithm. Sure its possible, but if you guys make it for them complicated as possible, im sure they will have problems. So I would take option #1. Just change the algo to something really complicated algorithm. Take a look at cryptonightv7,lyra2rev,x16r or you just create a new kind of algorithm if your team is experienced im sure this will not be a problem for you guys.

We are fully capable of implementing Option #1. That's why it's an option on the poll.
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April 12, 2018, 07:19:53 AM
 #2465

option#1
homey108
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April 12, 2018, 07:40:55 AM
 #2466


We are aware that there is an ASIC available for the NIST5 algorithm and are discussing possible solutions internally.

We will have an announcement soon.

Thank you.

All these forks that have been happening, are getting ridiculous.  Seems like every month or so there's another major problem. Everyone trying to find out whether or not they're on the right chain, lost coins, investors fleeing, exchanges shutting down transactions, mandatory updates, basically a big mess.  Amateur hour.  Get the freakin blockchain stable and secure already.

Just switch to POS and be done with all these needless mining issues.  The miners just dump the price down anyways and don't prop it up by buying on exchanges.  Atleast with POS, people will be forced to buy and hold in order to profit.  All benefits and no downsides.  Stable blockchain and positive price movement for once.

The miners have had a long run of profitable mining and dumping BWK,  there are thousands of other coins for them to wreck. Time to take it seriously and build a stable future for this coin. I honestly can't believe that after two major mining related forks, that the devs haven't switched to POS already and are even considering more pandering to the miners with an algo change.

You know that a fork hasn't happened and nothing is wrong with our network, right? An FPGA has released a software update that allows their hardware owners to mine nist5 (Bulwark). This in turn caused nethash to rise to a staggering 17Th/s+ over night.

We're not doing this out of necessity. We clearly stated in our white paper that should an event like this happen, we would put it to a vote and consider a PoW algorithm switch. We are men of our word and we are doing exactly what we stated we would do since the whitepaper was released shortly after Bulwark went live back in December. For those that read the white paper, this vote is coming as no surprise to them. Most are happy that we've remembered and are keeping our word to actually listen to our community.


Seriously?  Just a mere few weeks since the last major problem and mandatory wallet update and you've already forgotten ?   There has been a major issue with the network/blockchain every month or so.  Put these problems to bed once and for all.  The answer is simple and obvious.
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April 12, 2018, 08:54:49 AM
 #2467


We are aware that there is an ASIC available for the NIST5 algorithm and are discussing possible solutions internally.

We will have an announcement soon.

Thank you.

All these forks that have been happening, are getting ridiculous.  Seems like every month or so there's another major problem. Everyone trying to find out whether or not they're on the right chain, lost coins, investors fleeing, exchanges shutting down transactions, mandatory updates, basically a big mess.  Amateur hour.  Get the freakin blockchain stable and secure already.

Just switch to POS and be done with all these needless mining issues.  The miners just dump the price down anyways and don't prop it up by buying on exchanges.  Atleast with POS, people will be forced to buy and hold in order to profit.  All benefits and no downsides.  Stable blockchain and positive price movement for once.

The miners have had a long run of profitable mining and dumping BWK,  there are thousands of other coins for them to wreck. Time to take it seriously and build a stable future for this coin. I honestly can't believe that after two major mining related forks, that the devs haven't switched to POS already and are even considering more pandering to the miners with an algo change.

You know that a fork hasn't happened and nothing is wrong with our network, right? An FPGA has released a software update that allows their hardware owners to mine nist5 (Bulwark). This in turn caused nethash to rise to a staggering 17Th/s+ over night.

We're not doing this out of necessity. We clearly stated in our white paper that should an event like this happen, we would put it to a vote and consider a PoW algorithm switch. We are men of our word and we are doing exactly what we stated we would do since the whitepaper was released shortly after Bulwark went live back in December. For those that read the white paper, this vote is coming as no surprise to them. Most are happy that we've remembered and are keeping our word to actually listen to our community.


Seriously?  Just a mere few weeks since the last major problem and mandatory wallet update and you've already forgotten ?   There has been a major issue with the network/blockchain every month or so.  Put these problems to bed once and for all.  The answer is simple and obvious.

You're confusing FPGA's having nist5 capabilities now with a major blockchain breaking problem. They are not the same thing.
homey108
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April 12, 2018, 09:09:08 AM
 #2468

The hash being controlled/dominated by a small group is absolutely related.  I would even bet that this last major issue with the blockchain was directly related.  How soon we forget.  It was like 20-30 days ago. 

The miners have created enough problems.  They have also made more than enough money while wreaking havoc on the stability of this coin.  What's with the pandering to the miners?

So you switch to a different algo. Then after a few weeks or a month, the hash power once again moves to one group, and we see another unintended fork..

How many times does this have to happen before you switch to POS and stop it once and for all?

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April 12, 2018, 09:18:45 AM
 #2469

The hash being controlled/dominated by a small group is absolutely related.  I would even bet that this last major issue with the blockchain was directly related.  How soon we forget.  It was like 20-30 days ago.  

The miners have created enough problems.  They have also made more than enough money while wreaking havoc on the stability of this coin.  What's with the pandering to the miners?

So you switch to a different algo. Then after a few weeks or a month, the hash power once again moves to one group, and we see another unintended fork..

How many times does this have to happen before you switch to POS and stop it once and for all?



The miners have created enough problems.  They have also made more than enough money while wreaking havoc on the stability of this coin.

Who is they? Everyone? Miners? The problems we've experienced have been an extremely selective few. Easily enough to count on one hand. I don't believe miners as a whole are to blame. Doing so is ignorant.

What's with the pandering to the miners?

Is it really pandering if we're trying to do right by miners in a PoW coin? Additionally, the vast majority of our community and support structure was built on the backs of miners. I, for one, wouldn't be so quick to dismiss them as not having a voice and not being considered in any decisions we make for the project they helped build.

So you switch to a different algo. Then after a few weeks or a month, the hash power once again moves to one group, and we see another unintended fork..

Speculative opinion.

How many times does this have to happen before you switch to POS and stop it once and for all?

In our whitepaper, we clearly stated that in the event something like this should occur, we would put it to a community vote and consider an algorithm switch. Should we do this and once again have baikal or a similar fpga provider add us again, then we can absolutely consider pushing PoS up.



I'm sorry you feel this way, but fortunately for our miners and supporters, the Bulwark Team won't allow a misplaced grudge to illicit emotional responses out of us in regards to the development of the project.
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April 12, 2018, 09:39:21 AM
Last edit: April 12, 2018, 01:51:22 PM by homey108
 #2470

Well it looks like you have already decided to pander to the miners and disregard the obvious risk to the stability of the network.  I guess we can just plan on more unintended forks, lost coins, long outages while waiting for sporks/updates or other fixes, and long waits for exchanges to get updates and get on the correct chain.  We obviously think differently.  If it was me, and my coin was becoming a serial forker and there was an obvious and easy solution like POS, then it would have already been done.

If it happens once, people might have some patience.  But now it's happened twice, and you've made it clear that you have no interest in putting a definite stop to it. You are also willfully ignoring how a group with superior hardware can quickly take over the majority of the hash and cause problems.


It's your coin though and you're going to do what you want regardless of what the bigger investors or community wants.  Might as well not even have the vote, it was nothing more than a PR stunt to fool people into believing it was a community project.
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April 12, 2018, 12:59:18 PM
 #2471

i don't care re. mining since i don't do that shit.  just buy/trade and run them MN's! so whatever the case, i/we wish to see BWK back on the moon!


www.dlsag.com ~ 1ex.trade
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April 12, 2018, 01:20:07 PM
 #2472

You should care.  It's not going to the moon as long as the miners are still forking it and dumping the price.  Back when there were only 100 masternodes and the ROI was super high, there were plenty of new MN buyers to offset the constant dumping from miners.  Now with over 800 MN's on the wire, and terrible ROI, there aren't enough buyers to counter-balance the dumping.  Then each time the miners fork this coin, the price dumps even more.  It's in the death spiral.  One more un-intended fork and long repair and recovery process, and this coin will be trading for less than 100 Satoshis. 

On the other hand, if they switched to POS things would be different.  People would be encouraged and incentivized to buy more coins on the exchanges and to hold them.  There would be no more miners dumping, and the price would rise. 

It's real simple.  The price is set on the exchanges.  Miner's only interaction with exchanges is to dump.  They pay for their coins through hardware vendors and electric companies.  They don't support the price, they depress the price.  POS and MN owners on the other hand, first BUY coins on the exchange and drive prices up.  There is a big difference between these two.   Then you add in the unintended forks and it's a no-brainer.  One group supports the price, while the other dumps it and forks the chain.

The real supporters have been the long term investors and MN owners.   Miners just mine and dump whatever coin they can make the most profit on at the moment without a care for what damage is done.  It's unfortunate to see the dev's inability to see and understand these factors.

Now is a perfect opportunity to do what is right for the long term success of this coin,  or pander to the miners and ignore the effects.
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April 12, 2018, 01:51:50 PM
 #2473

You should care.  It's not going to the moon as long as the miners are still forking it and dumping the price.  Back when there were only 100 masternodes and the ROI was super high, there were plenty of new MN buyers to offset the constant dumping from miners.  Now with over 800 MN's on the wire, and terrible ROI, there aren't enough buyers to counter-balance the dumping.  Then each time the miners fork this coin, the price dumps even more.  It's in the death spiral.  One more un-intended fork and long repair and recovery process, and this coin will be trading for less than 100 Satoshis. 

On the other hand, if they switched to POS things would be different.  People would be encouraged and incentivized to buy more coins on the exchanges and to hold them.  There would be no more miners dumping, and the price would rise. 

It's real simple.  The price is set on the exchanges.  Miner's only interaction with exchanges is to dump.  They pay for their coins through hardware vendors and electric companies.  They don't support the price, they depress the price.  POS and MN owners on the other hand, first BUY coins on the exchange and drive prices up.  There is a big difference between these two.   Then you add in the unintended forks and it's a no-brainer.  One group supports the price, while the other dumps it and forks the chain.

The real supporters have been the long term investors and MN owners.   Miners just mine and dump whatever coin they can make the most profit on at the moment without a care for what damage is done.  It's unfortunate to see the dev's inability to see and understand these factors.

Now is a perfect opportunity to do what is right for the long term success of this coin,  or pander to the miners and ignore the effects.

The Monero fork went pretty well I'd say, why wouldn't Bulwark follow the same path? Also, if Bulwark is the first coin in the NIST5 family (I don't know any other coin though) to change the algo successfully, then that'll make it more popular. People will talk about it and start researching it and surely some of them investing in it. So that's what I believe would be the best course of action, forking the algo and keeping it ASIC-resistant.
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April 12, 2018, 01:54:21 PM
 #2474

With almost 95% of total supply of coins already in circulation it's almost a moot point.  Hommie you seem so angry, don't worry mining will be done soon enough and the price of will rise.  a 51% attack does not seem like much of a threat since would not be much of a coin grab ($400k).  Xvg was attacked for 4 days until they fixed it,  best guess they got between 80 to 120 million coins at $.08 so $6 to $10 million...Miner's don't always dump, most of the time mining smaller coins is for a long term investment.  I have racks of older miner's that run and run and I only check wallets and markets like once a month.  I know blockchain has evolved to a point where miners are an option now but back it the day without miner's there would not have been any crypto currency.  
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April 12, 2018, 02:09:16 PM
 #2475

All good points.  Things have certainly changed, and the changes continue to accelerate.  Now there really is no need for POW on the BWK chain, but as you said, miners played a major role just a few short years ago and they still do today for many coins.

I see another unintended fork as highly likely as long as POW remains.  Especially with the superior hardware we see hitting the blockchains today.  People are fooling themselves if they believe that fpga isn't going to adapt to whatever algo the devs choose.  Once this happens, we're back in the same boat with superior hardware concentrating the hash power and forking the coin.

There's really no upside to continuing POW. Only downsides, lower prices, and malicious or unintended forks.
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April 12, 2018, 02:12:12 PM
 #2476



The real supporters have been the long term investors and MN owners.   Miners just mine and dump whatever coin they can make the most profit on at the moment without a care for what damage is done.  It's unfortunate to see the dev's inability to see and understand these factors.

market cap is 7 million now...ok...it's not big money to buy all the coins available...decentralized?not sure...
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April 12, 2018, 03:10:30 PM
 #2477

Baikal is too lazy and slow to release new Algo's and I think the X10 is done with new algo's they gave 2 extra as advertised and now I'm sure they are working on new hardware.... Poor Baikal, or i should say their customers.  They have taken a beating the last 2 miner's they have released the coins either forked or just not very profitable esp since they got marked up the miner's like 5x..... hope miner's learned their lesson over paying for equipment, they either have nice doorstops now or ROI of like a year unless there are more forks!! Maybe it will slow down the greed in this market and back to the people that mine for the good of the people rather than pure profit!!
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April 12, 2018, 03:33:45 PM
 #2478

is voting over now?
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April 12, 2018, 04:10:37 PM
 #2479

is voting over now?

No, it is not over yet.
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April 12, 2018, 04:21:51 PM
 #2480

is voting over now?

No, it is not over yet.

I must be having a senior moment then as I can figure out how to vote! The voting options at the top of the page do not seem to be active?!
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