[XPM] Working on a GPU miner for Primecoin

[mercSuey]

A GPU miner unreleased to the public will likely destroy the price of XPM. No one likes a coin being instamined by a small group.

For once, I agree with you. Nobody wants a small group of miners getting all the coins and driving the diff up, then dumping them on exchanges, destroying the price. That's one of the best ways to kill a coin, right there.

How is GPU mining any different than botnets targeting XPM? ASICS didn't destroy BTC, GPUs won't destroy XPM. We'll find out soon enough.

Over and over we see the same process, and over and over we see the same 'Chicken Little's running around and screaming about the sky falling at each step in the process.  It's just one of the cycles of nature.  Embrace it, smile, and mine on

We're not saying a GPU miner is bad. We're saying having a GPU miner available to only a small group is bad.

Every innovation starts with a small group, or a single individual.

BS. The entire concept of cryptocurrency and open source is dependent on group effort and colaboration. If ONE person with a GPU mining cluster turns on 50 million PPS the coin dies.

One person with a GPU/cluster is the mining equivalent of a monopoly.  There's a reason regulatory agencies' sole purpose is to ensure non-monopolistic business practices in the private sector.  It's unfair both from a competitive standpoint as well as from an open source/p2p standpoint.  Was I thrilled about spending $6k for my 10mh GPU setup so to stay competitive with other miners, earlier this year? No, but I wanted to get involved with cryptocoins as more than just a hobby.  The technology and agorist motivations resonate with me.  The point is, the opportunity to expand into GPU mining was open, financial prerequisites notwithstanding.

It's not a monopoly if there is nothing stopping you or others from duplicating the effort yourself.  Anybody with sufficient technical expertise could do this if they chose to do so, and others will - regardless of what happens with this effort.  Even if there may be a short while where one party has a GPU miner, and no one else, that situation will only persist briefly until someone else with the necessary skill finds it worthwhile to make the effort to change that.

The skill prerequisites you mention are analogical to the financial prerequisites I mentioned, so I agree with you to an extent.  But the thing is, when a regulatory agency convicts a firm of monopolistic practices, either the firm or one of, if not all, its products/services are broken up into a more competitive structure.  As of right now, I cannot spend the money to buy a Primecoin GPU miner because it's (presumably) being used privately by a small group of people.  This same group of people have pumped the price of XPM because, well, it is economically to their benefit, given they are the only ones with a GPU miner.  They'll make the pump funds used back with their GPU miner.  Or did you actually think people are investing in XPM because of all its great services?  

[TheSwede75]

A GPU miner unreleased to the public will likely destroy the price of XPM. No one likes a coin being instamined by a small group.

For once, I agree with you. Nobody wants a small group of miners getting all the coins and driving the diff up, then dumping them on exchanges, destroying the price. That's one of the best ways to kill a coin, right there.

How is GPU mining any different than botnets targeting XPM? ASICS didn't destroy BTC, GPUs won't destroy XPM. We'll find out soon enough.

Over and over we see the same process, and over and over we see the same 'Chicken Little's running around and screaming about the sky falling at each step in the process.  It's just one of the cycles of nature.  Embrace it, smile, and mine on

We're not saying a GPU miner is bad. We're saying having a GPU miner available to only a small group is bad.

Every innovation starts with a small group, or a single individual.

BS. The entire concept of cryptocurrency and open source is dependent on group effort and colaboration. If ONE person with a GPU mining cluster turns on 50 million PPS the coin dies.

One person with a GPU/cluster is the mining equivalent of a monopoly.  There's a reason regulatory agencies' sole purpose is to ensure non-monopolistic business practices in the private sector.  It's unfair both from a competitive standpoint as well as from an open source/p2p standpoint.  Was I thrilled about spending $6k for my 10mh GPU setup so to stay competitive with other miners, earlier this year? No, but I wanted to get involved with cryptocoins as more than just a hobby.  The technology and agorist motivations resonate with me.  The point is, the opportunity to expand into GPU mining was open, financial prerequisites notwithstanding.

It's not a monopoly if there is nothing stopping you or others from duplicating the effort yourself.  Anybody with sufficient technical expertise could do this if they chose to do so, and others will - regardless of what happens with this effort.  Even if there may be a short while where one party has a GPU miner, and no one else, that situation will only persist briefly until someone else with the necessary skill finds it worthwhile to make the effort to change that.

I can only assume you have never heard of a 51% attack or what happens when a coin forks. A single GPU cluster = 51% instantly. Have fun with that.

Why didn't that happen to bitcoin when the first GPU miner was created?  It sounds like you believe that the very existence of any crypto-coin is dependent on the technical elite being good people who are not greedy.  If you are right, there is no way any crypto-coin can last over time.  Better sell all you have right now.

History lesson time: BTC WAS FORKED! And if you take a look at the price/BTC for the first 2 years I bet you can figure out a few events.

[mr_random]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

[xyzzy099]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

+1

This.

[enuma]

Prepare for a primecoin collapse. I'm selling all of my primecoins now. With everyone getting mass free coins and dumping them the value can only go down.

No if only 2x gain...

[xyzzy099]

A GPU miner unreleased to the public will likely destroy the price of XPM. No one likes a coin being instamined by a small group.

For once, I agree with you. Nobody wants a small group of miners getting all the coins and driving the diff up, then dumping them on exchanges, destroying the price. That's one of the best ways to kill a coin, right there.

How is GPU mining any different than botnets targeting XPM? ASICS didn't destroy BTC, GPUs won't destroy XPM. We'll find out soon enough.

Over and over we see the same process, and over and over we see the same 'Chicken Little's running around and screaming about the sky falling at each step in the process.  It's just one of the cycles of nature.  Embrace it, smile, and mine on

We're not saying a GPU miner is bad. We're saying having a GPU miner available to only a small group is bad.

Every innovation starts with a small group, or a single individual.

BS. The entire concept of cryptocurrency and open source is dependent on group effort and colaboration. If ONE person with a GPU mining cluster turns on 50 million PPS the coin dies.

One person with a GPU/cluster is the mining equivalent of a monopoly.  There's a reason regulatory agencies' sole purpose is to ensure non-monopolistic business practices in the private sector.  It's unfair both from a competitive standpoint as well as from an open source/p2p standpoint.  Was I thrilled about spending $6k for my 10mh GPU setup so to stay competitive with other miners, earlier this year? No, but I wanted to get involved with cryptocoins as more than just a hobby.  The technology and agorist motivations resonate with me.  The point is, the opportunity to expand into GPU mining was open, financial prerequisites notwithstanding.

It's not a monopoly if there is nothing stopping you or others from duplicating the effort yourself.  Anybody with sufficient technical expertise could do this if they chose to do so, and others will - regardless of what happens with this effort.  Even if there may be a short while where one party has a GPU miner, and no one else, that situation will only persist briefly until someone else with the necessary skill finds it worthwhile to make the effort to change that.

I can only assume you have never heard of a 51% attack or what happens when a coin forks. A single GPU cluster = 51% instantly. Have fun with that.

Why didn't that happen to bitcoin when the first GPU miner was created?  It sounds like you believe that the very existence of any crypto-coin is dependent on the technical elite being good people who are not greedy.  If you are right, there is no way any crypto-coin can last over time.  Better sell all you have right now.

History lesson time: BTC WAS FORKED! And if you take a look at the price/BTC for the first 2 years I bet you can figure out a few events.

Strangely enough, though, last time I looked, Bitcoin was still doing fine.  It survived all that.

[TheSwede75]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

There is no evidence of a working GPU miner yet. And I think XPR could have a bright future. My point is just that the possibility of a fork due to GPU being VASTLY more effective then CPU in solving Marsenne prime (CUDA in particular) is real and it's not in the interest of anyone (except for the one being the first) to have massively cheap and controlled hash power.

[TheSwede75]

A GPU miner unreleased to the public will likely destroy the price of XPM. No one likes a coin being instamined by a small group.

For once, I agree with you. Nobody wants a small group of miners getting all the coins and driving the diff up, then dumping them on exchanges, destroying the price. That's one of the best ways to kill a coin, right there.

How is GPU mining any different than botnets targeting XPM? ASICS didn't destroy BTC, GPUs won't destroy XPM. We'll find out soon enough.

Over and over we see the same process, and over and over we see the same 'Chicken Little's running around and screaming about the sky falling at each step in the process.  It's just one of the cycles of nature.  Embrace it, smile, and mine on

We're not saying a GPU miner is bad. We're saying having a GPU miner available to only a small group is bad.

Every innovation starts with a small group, or a single individual.

BS. The entire concept of cryptocurrency and open source is dependent on group effort and colaboration. If ONE person with a GPU mining cluster turns on 50 million PPS the coin dies.

One person with a GPU/cluster is the mining equivalent of a monopoly.  There's a reason regulatory agencies' sole purpose is to ensure non-monopolistic business practices in the private sector.  It's unfair both from a competitive standpoint as well as from an open source/p2p standpoint.  Was I thrilled about spending $6k for my 10mh GPU setup so to stay competitive with other miners, earlier this year? No, but I wanted to get involved with cryptocoins as more than just a hobby.  The technology and agorist motivations resonate with me.  The point is, the opportunity to expand into GPU mining was open, financial prerequisites notwithstanding.

It's not a monopoly if there is nothing stopping you or others from duplicating the effort yourself.  Anybody with sufficient technical expertise could do this if they chose to do so, and others will - regardless of what happens with this effort.  Even if there may be a short while where one party has a GPU miner, and no one else, that situation will only persist briefly until someone else with the necessary skill finds it worthwhile to make the effort to change that.

I can only assume you have never heard of a 51% attack or what happens when a coin forks. A single GPU cluster = 51% instantly. Have fun with that.

Why didn't that happen to bitcoin when the first GPU miner was created?  It sounds like you believe that the very existence of any crypto-coin is dependent on the technical elite being good people who are not greedy.  If you are right, there is no way any crypto-coin can last over time.  Better sell all you have right now.

History lesson time: BTC WAS FORKED! And if you take a look at the price/BTC for the first 2 years I bet you can figure out a few events.

Strangely enough, though, last time I looked, Bitcoin was still doing fine.  It survived all that.

Obviously, but it went through several crashes and problem in the early days, some people learned from this and obviously.. some did not

[xyzzy099]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

There is no evidence of a working GPU miner yet. And I think XPR could have a bright future. My point is just that the possibility of a fork due to GPU being VASTLY more effective then CPU in solving Marsenne prime (CUDA in particular) is real and it's not in the interest of anyone (except for the one being the first) to have massively cheap and controlled hash power.

Mr. TheSwede:

Someone IS going to make a GPU miner for Primecoin.  Probably several people will eventually do so.  THIS WILL HAPPEN.  They MAY or MAY NOT share with you.  You should accept this.  The world is what it is.

These development either WILL or WILL NOT destroy Primecoin, or perhaps hurt your feelings.  That's just the way it is.  Embrace life, don't fight it.

[mr_random]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

There is no evidence of a working GPU miner yet. And I think XPR could have a bright future. My point is just that the possibility of a fork due to GPU being VASTLY more effective then CPU in solving Marsenne prime (CUDA in particular) is real and it's not in the interest of anyone (except for the one being the first) to have massively cheap and controlled hash power.

Unlike most prime numbers Mersenne primes have a particular structure to them which can be cheaply exploited. Are you aware that is the whole reason why the newest largest prime number found is often a Mersenne prime? Comparing to Mersenne primes is a worst case scenario. I cannot predict the future but my opinion is a 500 times speed boost is extremely unlikely, especially only after a week.

[hak8or]

Camon guys, don't make a horrific ten+ quote tree.

Also, so there is no information regarding the possibility of using an escrow for this?

[TheSwede75]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

There is no evidence of a working GPU miner yet. And I think XPR could have a bright future. My point is just that the possibility of a fork due to GPU being VASTLY more effective then CPU in solving Marsenne prime (CUDA in particular) is real and it's not in the interest of anyone (except for the one being the first) to have massively cheap and controlled hash power.

Mr. TheSwede:

Someone IS going to make a GPU miner for Primecoin.  Probably several people will eventually do so.  THIS WILL HAPPEN.  They MAY or MAY NOT share with you.  You should accept this.  The world is what it is.

These development either WILL or WILL NOT destroy Primecoin, or perhaps hurt your feelings.  That's just the way it is.  Embrace life, don't fight it.

Have you been reading no understanding anything at all so far? Of course someone or several people are going to release GPU miners, that's not an argument. I just think the obviously greedy idea of "send me bitcoin and get early access" is a shitty one.

If OP need money so bad he should just use the GPU miner for a day or two by himself and then release it freely. Soliciting payment for early access is just dirty, stupid and will lead to GPU clusters being the first to run it, possibly unnecciarily forking the coin.

[versificateur]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

There is no evidence of a working GPU miner yet. And I think XPR could have a bright future. My point is just that the possibility of a fork due to GPU being VASTLY more effective then CPU in solving Marsenne prime (CUDA in particular) is real and it's not in the interest of anyone (except for the one being the first) to have massively cheap and controlled hash power.

Did you ever read King paper? We're basically not looking for mersenne's prime because some could had used for example a supercomputer to compute a large number that the network wouldn't be able to verify. Instead the proof of work is a prime chain  (soon 9-lenght chain) of cunnigham or better: twin primes.
If you look at the record topic, you will see that we're talking about 100-200 digit numbers. That's not really big to see a 500x improvement as some have put here. I personnally estimate the range to be in the 1-5x vs cpu. The only thing with GPU miner is that people will start to use their rigs instead of DO, AWS or VPS and the diff going up to 10 or 11.

[Schwede65]

Schwede65 has no basis to declare there will be a single GPU cluster capable of 51% attacking the network. He's just doing what he only knows how to do, spreading FUD and attacking any coin he's not invested in... (if you don't believe me read through his last 100 posts here and see for yourself).

For all we know there could be GPU miners out there already. Lukejr and his friend seemed to imply they already have something working.

hey mr_random, please look after the correct spelling of the nick!

i think the forum-member "TheSwede75" has been aimed at your post

[eCoinomist]

Have you been reading no understanding anything at all so far? Of course someone or several people are going to release GPU miners, that's not an argument. I just think the obviously greedy idea of "send me bitcoin and get early access" is a shitty one.

If OP need money so bad he should just use the GPU miner for a day or two by himself and then release it freely. Soliciting payment for early access is just dirty, stupid and will lead to GPU clusters being the first to run it, possibly unnecciarily forking the coin.

Everywhere I see your post I smell jelly   OP can ask for donation to boost his reward, why not? After all he knows ppl are willing to pay.

[xyzzy099]

Have you been reading no understanding anything at all so far? Of course someone or several people are going to release GPU miners, that's not an argument. I just think the obviously greedy idea of "send me bitcoin and get early access" is a shitty one.

If OP need money so bad he should just use the GPU miner for a day or two by himself and then release it freely. Soliciting payment for early access is just dirty, stupid and will lead to GPU clusters being the first to run it, possibly unnecciarily forking the coin.

Mr. TheSwede:

The point is that it doesn't MATTER what you think.  You can cry and caterwaul all you like on here, but it ain't gonna change reality.  I'm sorry that you disapprove of people doing things you don't approve of, but it's gonna happen from time to time.

You are lucky in this case that you know that the development is taking place.  This gentleman could have easily just developed the miner and used it himself quietly and very, very profitably.  Someone else may already have for all we know.  That's life - spend it crying, or spend it playing the game - it's your choice.

[xyzzy099]

Have you been reading no understanding anything at all so far? Of course someone or several people are going to release GPU miners, that's not an argument. I just think the obviously greedy idea of "send me bitcoin and get early access" is a shitty one.

If OP need money so bad he should just use the GPU miner for a day or two by himself and then release it freely. Soliciting payment for early access is just dirty, stupid and will lead to GPU clusters being the first to run it, possibly unnecciarily forking the coin.

Mr. TheSwede:

The point is that it doesn't MATTER what you think.  You can cry and caterwaul all you like on here, but it ain't gonna change reality.  I'm sorry that you disapprove of people doing things you don't approve of, but it's gonna happen from time to time.

You are lucky in this case that you know that the development is taking place.  This gentleman could have easily just developed the miner and used it himself quietly and very, very profitably.  Someone else may already have for all we know.  That's life - spend it crying, or spend it playing the game - it's your choice.

He's voicing that he disagrees with something. That's a lot different from whining.

The difference between those two is purely one of tone, and the tone I hear is crying and moaning.

As I have already pointed out, it doesn't matter if you disagree with human nature.  You will always lose that battle.  It does occur to me though, that I don't really care if you guys continue beating your heads against the walls of reality.  I leave you to it.

[juhakall]

1 BTC sent, not sure if it's going to be worth it with my modest farm.

https://blockchain.info/tx/062bf2128b1dbad6502aa4f84e816dc78a0fa4b5c96ef7756c5d0f1357162250

[Vorksholk]

I'll also send you a PM;

ce93073b905ac42e5e6fd9a504cdd6b4e6434c6540aa270a779e1099bf27b32e is the TXID, I sent 2 BTC.

[smoothie]

wow 21.25 BTC already "donated"....

https://blockchain.info/address/1FKfgFQeZCpjGDn7ocgj26nk4K2TNiVJyD

Good work OP. Nice to see development like this going on.