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Author Topic: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)  (Read 1163550 times)
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December 11, 2018, 06:05:48 PM
Merited by Texacha (1)
 #3661

RVN Dev team confirms nothing will occur against ASICs unless they go Publicly for sale, or show Public information about their ASICs and how they work.
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December 11, 2018, 06:31:46 PM
 #3662

I suppose that's one way to interpret that conversation.
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December 11, 2018, 06:34:32 PM
 #3663

I suppose that's one way to interpret that conversation.

Its pretty straight forward. You stated public information on how they work, etc. Then you stated no longer ASIC resistance instead we will need an 80% Vote to fork ASICs off, which everyone knows cant occur if there is a private or public ASIC farm on the network.
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December 11, 2018, 06:37:50 PM
 #3664

I don't know when it will start growing but whenever it does will not stop. In current situation if someone expect or tell you that price of anything because of xyz any reason are going to rise massively that is lie. Ravencoin is being developed and is left in market to face every kind of situation. It is being tested to see how it reacts to different situation. It is somewhat behaving well till now.
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December 11, 2018, 06:41:17 PM
 #3665

I don't know when it will start growing but whenever it does will not stop. In current situation if someone expect or tell you that price of anything because of xyz any reason are going to rise massively that is lie. Ravencoin is being developed and is left in market to face every kind of situation. It is being tested to see how it reacts to different situation. It is somewhat behaving well till now.

Sometimes it seems to me that it is not the price of an asset that increases depending on the activity of the team, but on the contrary - the project teams are forced to do most of the work only to ensure that the price of the asset does not fall. This is not very normal and correct...
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December 11, 2018, 07:23:59 PM
 #3666

I suppose that's one way to interpret that conversation.

Its pretty straight forward. You stated public information on how they work, etc. Then you stated no longer ASIC resistance instead we will need an 80% Vote to fork ASICs off, which everyone knows cant occur if there is a private or public ASIC farm on the network.

No, I said that there isn't enough evidence to make a snap decision to fork, and asked if you had more info that could be used to investigate the claim, which you have not provided.  An immediate decision to fork would require a community consensus vote right now, but that isn't the only way to handle a centralized ASIC dominant hashrate if that is proven to exist in the future.
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December 11, 2018, 08:18:33 PM
 #3667

I suppose that's one way to interpret that conversation.

Its pretty straight forward. You stated public information on how they work, etc. Then you stated no longer ASIC resistance instead we will need an 80% Vote to fork ASICs off, which everyone knows cant occur if there is a private or public ASIC farm on the network.

No, I said that there isn't enough evidence to make a snap decision to fork, and asked if you had more info that could be used to investigate the claim, which you have not provided.  An immediate decision to fork would require a community consensus vote right now, but that isn't the only way to handle a centralized ASIC dominant hashrate if that is proven to exist in the future.

You never asked if i had info to investigate. I didnt say an immediate decision to fork, i stated the Devs will not fork away ASICs unless they became publicly available which is what you confirmed. You stated unless i had exact information on the ASIC (how it was done, etc.) then i have no proof. Other large community members statements that an ASIC is produced is "not proof", Chinese Mining Chats stating there are ASICs are "not proof". Your method of Proof is that it would need to go public. Also you stated 80% is required to fork ASICs off, which would not be doable with ASICs on the network. You proved everything i stated originally that Devs will not do anything until potentially ASICs are available for sale, but now you went even further to perform a Zooko and are now pretty much stating ASICs will not be forked off because the hashrate wont be able to do it.
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December 11, 2018, 08:43:13 PM
 #3668

I don't know when it will start growing but whenever it does will not stop. In current situation if someone expect or tell you that price of anything because of xyz any reason are going to rise massively that is lie. Ravencoin is being developed and is left in market to face every kind of situation. It is being tested to see how it reacts to different situation. It is somewhat behaving well till now.

Sometimes it seems to me that it is not the price of an asset that increases depending on the activity of the team, but on the contrary - the project teams are forced to do most of the work only to ensure that the price of the asset does not fall. This is not very normal and correct...


in this market cycle this is not surprising. while growing up, any problems turned a blind eye. now any question immediately causes a drop in price. and all because the negative is huge and there is almost no liquidity even in such a project.
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December 11, 2018, 08:59:59 PM
 #3669

should we go cry in a fucking corner then? lol

you have to H0DL to make any money in crypto today, unless you spend A LOT of time sniping in front of your computer day-trading all day.

$ADK ~ watch & learn...
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December 11, 2018, 09:04:21 PM
Last edit: December 11, 2018, 10:58:47 PM by Chatturga
 #3670

I suppose that's one way to interpret that conversation.

Its pretty straight forward. You stated public information on how they work, etc. Then you stated no longer ASIC resistance instead we will need an 80% Vote to fork ASICs off, which everyone knows cant occur if there is a private or public ASIC farm on the network.

No, I said that there isn't enough evidence to make a snap decision to fork, and asked if you had more info that could be used to investigate the claim, which you have not provided.  An immediate decision to fork would require a community consensus vote right now, but that isn't the only way to handle a centralized ASIC dominant hashrate if that is proven to exist in the future.

You never asked if i had info to investigate. I didnt say an immediate decision to fork, i stated the Devs will not fork away ASICs unless they became publicly available which is what you confirmed. You stated unless i had exact information on the ASIC (how it was done, etc.) then i have no proof. Other large community members statements that an ASIC is produced is "not proof", Chinese Mining Chats stating there are ASICs are "not proof". Your method of Proof is that it would need to go public. Also you stated 80% is required to fork ASICs off, which would not be doable with ASICs on the network. You proved everything i stated originally that Devs will not do anything until potentially ASICs are available for sale, but now you went even further to perform a Zooko and are now pretty much stating ASICs will not be forked off because the hashrate wont be able to do it.

Ok, if you say so.  Of course, in your screenshot above I do happen to state that if you have any additional info, I would pass it to the devs, and in discord 19 minutes after your screenshot ends I specifically asked for more info so that your concerns could be investigated. It seems that there is some misrepresentation of what I have said, but I suppose that is par for the course.
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December 11, 2018, 11:45:30 PM
 #3671

I suppose that's one way to interpret that conversation.

Its pretty straight forward. You stated public information on how they work, etc. Then you stated no longer ASIC resistance instead we will need an 80% Vote to fork ASICs off, which everyone knows cant occur if there is a private or public ASIC farm on the network.

No, I said that there isn't enough evidence to make a snap decision to fork, and asked if you had more info that could be used to investigate the claim, which you have not provided.  An immediate decision to fork would require a community consensus vote right now, but that isn't the only way to handle a centralized ASIC dominant hashrate if that is proven to exist in the future.

You never asked if i had info to investigate. I didnt say an immediate decision to fork, i stated the Devs will not fork away ASICs unless they became publicly available which is what you confirmed. You stated unless i had exact information on the ASIC (how it was done, etc.) then i have no proof. Other large community members statements that an ASIC is produced is "not proof", Chinese Mining Chats stating there are ASICs are "not proof". Your method of Proof is that it would need to go public. Also you stated 80% is required to fork ASICs off, which would not be doable with ASICs on the network. You proved everything i stated originally that Devs will not do anything until potentially ASICs are available for sale, but now you went even further to perform a Zooko and are now pretty much stating ASICs will not be forked off because the hashrate wont be able to do it.

Ok, if you say so.  Of course, in your screenshot above I do happen to state that if you have any additional info, I would pass it to the devs, and in discord 19 minutes after your screenshot ends I specifically asked for more info so that your concerns could be investigated. It seems that there is some misrepresentation of what I have said, but I suppose that is par for the course.

How about this, what info is supposedly required for you? I gave you info that it has been talked about in chinese mining chats, same chats that talked about lyra asics months before public info that people said i was lying about. Also that GPUHoarder, who your team could talk to too, has confirmed X16R Asics. What info do you specifically want, because its probably something that is not available or your looking for a website/statement from the users saying they are running them.
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December 11, 2018, 11:58:49 PM
 #3672

Pretty sure Chatturga asked for things like what pool are they mining to? or anything that would offer some validity to the statement.

It's easy for anyone to go around claiming they have an x16r Asic and are mining with it. The problem is that x16R hasn't been profitable enough for long enough to justify sinking the cost into building an Asic. The only Asics that launched and were believed to be non-existent before had been developed during the boom.

So great that you're trying to spread information, but people aren't going to haphazardly fork the chain against a threat that can't be proven or even properly investigated. I can say I'm glad for that, because even if it was proven there was an asic down the road, reacting before investigating would do more harm than good. Who would trust in a project that panics at the first whisper of a rumor?

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December 12, 2018, 12:16:26 AM
 #3673

Pretty sure Chatturga asked for things like what pool are they mining to? or anything that would offer some validity to the statement.

It's easy for anyone to go around claiming they have an x16r Asic and are mining with it. The problem is that x16R hasn't been profitable enough for long enough to justify sinking the cost into building an Asic. The only Asics that launched and were believed to be non-existent before had been developed during the boom.

So great that you're trying to spread information, but people aren't going to haphazardly fork the chain against a threat that can't be proven or even properly investigated. I can say I'm glad for that, because even if it was proven there was an asic down the road, reacting before investigating would do more harm than good. Who would trust in a project that panics at the first whisper of a rumor?

Yes because we would know exactly what pool they are mining too out of all the known and unknown pools. You dont believe when RVN pumped to 1000 Sats that it was not worth making an ASIC, as ASICs were supposed to be live before that pump. Its been stated that ASICs have been running since september, and if they ran during that pump and offloaded during the pump then it was definitely worth it.

X16R has been on whattomine top for a long time, and will continue for a while. So yes it is definitely worth mining on ASICs. It was never a question of is it possible, but it was a question of if its worth it, and with the recent pump if they implemented before it they could have made a majority of their initial costs back right away.

It is not a rumor, depending on who you count as reputable sources. There are high followed members that have confirmed ASICs for X16R, and even in Chinese Chats that talk about them and have not lied in the past.

Currently their strategy is 80% hashpower has to vote for ASIC fork, how would that be done? ASICs have huge gains over GPUs. If an ASIC was privately on the Network and it required that vote, then it would not be possible. If ASICs went public it wouldnt be viable either as people want the better equipment and will buy ASICs and counter the votes.

If your belief is that Public = real, and Private = Rumors then you should look at the history of many other coins in the past. They are not instantly released publicly, no they are mined privately until its not worth it, or 2nd gen equipment comes then they offload.
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December 12, 2018, 12:46:26 AM
 #3674

should we go cry in a fucking corner then? lol

you have to H0DL to make any money in crypto today, unless you spend A LOT of time sniping in front of your computer day-trading all day.
Haha
And it turns out that Raven has now lost its value from 879 Satoshi to 385 Satoshi.

Maybe I will wait for RAVEN at 200 satoshi while continuing to look at my Computer screen. LOL

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December 12, 2018, 01:54:57 AM
 #3675


X16R has been on whattomine top for a long time, and will continue for a while.


It seems this fact, which is definitely true, would run counter to the idea that "secret" ASICs are on the RVN network, as every single algo that eventually got ASICs saw their coins sink on WTM GPU profitability rankings well before the ASICs were made public.

As long as RVN is one of the most profitable to mine on a 1080ti, it seems that ASICs are either an insignificant factor, or in fact do not exist at all.
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December 12, 2018, 01:55:29 AM
 #3676

After rocketing moves, dramatical corections or dumps come later. It's basic truth of crypto market.
Nevertheless, Ravencoin has still been a good coin, and the coin has demonstrated its survival ability during so many bad period of market in the past.
This time might not be a exception, and RVN will surpass well.
Haha
And it turns out that Raven has now lost its value from 879 Satoshi to 385 Satoshi.

Maybe I will wait for RAVEN at 200 satoshi while continuing to look at my Computer screen. LOL

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December 12, 2018, 02:36:37 AM
 #3677


X16R has been on whattomine top for a long time, and will continue for a while.


It seems this fact, which is definitely true, would run counter to the idea that "secret" ASICs are on the RVN network, as every single algo that eventually got ASICs saw their coins sink on WTM GPU profitability rankings well before the ASICs were made public.

As long as RVN is one of the most profitable to mine on a 1080ti, it seems that ASICs are either an insignificant factor, or in fact do not exist at all.

That is not true at all. Simply looking at previous coins that were privately mined before public ASICs were released. Monero even spiked after the announcement of the X3 release, and they had usual dips with the rest of the market.
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December 12, 2018, 03:45:28 AM
 #3678


X16R has been on whattomine top for a long time, and will continue for a while.


It seems this fact, which is definitely true, would run counter to the idea that "secret" ASICs are on the RVN network, as every single algo that eventually got ASICs saw their coins sink on WTM GPU profitability rankings well before the ASICs were made public.

As long as RVN is one of the most profitable to mine on a 1080ti, it seems that ASICs are either an insignificant factor, or in fact do not exist at all.

That is not true at all. Simply looking at previous coins that were privately mined before public ASICs were released. Monero even spiked after the announcement of the X3 release, and they had usual dips with the rest of the market.


I'm not talking about price fluctuation, I'm referring to reduced profitability based on difficulty increase. Every coin with "secret" ASICs sunk on WTM rankings (for GPUs) prior to the ASICs becoming public because their network hash rate increased at a rate decoupled from their market price relative to other coins on WTM. RVN has not done that.
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December 12, 2018, 04:31:19 AM
 #3679


X16R has been on whattomine top for a long time, and will continue for a while.


It seems this fact, which is definitely true, would run counter to the idea that "secret" ASICs are on the RVN network, as every single algo that eventually got ASICs saw their coins sink on WTM GPU profitability rankings well before the ASICs were made public.

As long as RVN is one of the most profitable to mine on a 1080ti, it seems that ASICs are either an insignificant factor, or in fact do not exist at all.

That is not true at all. Simply looking at previous coins that were privately mined before public ASICs were released. Monero even spiked after the announcement of the X3 release, and they had usual dips with the rest of the market.


I'm not talking about price fluctuation, I'm referring to reduced profitability based on difficulty increase. Every coin with "secret" ASICs sunk on WTM rankings (for GPUs) prior to the ASICs becoming public because their network hash rate increased at a rate decoupled from their market price relative to other coins on WTM. RVN has not done that.

Definitely not true again, easily incorrect just looking at Monero as an example. Do you have factual information or are you just guesstimating. If profitability drops on WTM than miners pull away, not ASICs. They are not going to toss a ridiculous amount of ASICs at once and red flag their operation.
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December 12, 2018, 05:03:15 AM
 #3680

Not sure about ASICs, but there's FPGA cards doing up to 500 Mh/s on Raven.
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