8th Alt coin thread. Or what to do now that asics are all over the place.

[vapourminer]

I think this is fake, or hoping it is.  I mean even if he/she bought at a the all-time high. it hasn't even been a year.  Yes its down 80%, but obviously it will recover.

Here's a curve ball.
What if blockchain technology did not need cryptocurrency?

If the next years show blockchain tech get adopted more and more in permissioned environments, there is no need to reward the private actors/miners with currency.

The great dream of decentralisation and distributed ledger for the masses could be falling flat on its face. Permission-less blockchains could become a thing of the past and/or be relegated to github, i.e. open-source development.

...and I would let you figure out what that would mean for 99% of altcoin prices.

im sure a lot of blockchains will be internal use only, used to keep track of the various company assets.

projects still can have internal competition and departmental/regional goals. and if some project just wanted private or internal participants, those participants would want a way to prove the percentage of work they contribute, no? possibly it could just be a list of blocks its found vs other participants.. but issued tokens would be a way too. those tokens could be valuable somehow, such as determining participation levels, bonus amounts, allocation of company funds, etc. the tokens and use thereof would be auditable proof on the owning departments or branches participation and used to vote on company agendas.

so, not a general cryptocurrency per se as it wont mean anything outside of that company, but cryptosomething at least. even if only usable within that company.

but, that would expend an awful lot of energy depending on what the chain uses to support it. ideally it could use an algorithm that would generate results beyond simply proof or work, something thats part simulation or something thats otherwise beneficial to the company.. tangible results that could be used for company research or simulations maybe. since its internal they should be able to audit the miners and algo etc to ensure none are cheating.

maybe even get to the point employees could use home equipment to mine the companies blockchain for compensation. but then its pretty much cryptocurrency again heh.

[1714497408]

1714497408

[1714497408]

1714497408

[1714497408]

1714497408

[soothaa]

I think this is fake, or hoping it is.  I mean even if he/she bought at a the all-time high. it hasn't even been a year.  Yes its down 80%, but obviously it will recover.

Here's a curve ball.
What if blockchain technology did not need cryptocurrency?

If the next years show blockchain tech get adopted more and more in permissioned environments, there is no need to reward the private actors/miners with currency.

The great dream of decentralisation and distributed ledger for the masses could be falling flat on its face. Permission-less blockchains could become a thing of the past and/or be relegated to github, i.e. open-source development.

...and I would let you figure out what that would mean for 99% of altcoin prices.

im sure a lot of blockchains will be internal use only, used to keep track of the various company assets.

projects still can have internal competition and departmental/regional goals. and if some project just wanted private or internal participants, those participants would want a way to prove the percentage of work they contribute, no? possibly it could just be a list of blocks its found vs other participants.. but issued tokens would be a way too. those tokens could be valuable somehow, such as determining participation levels, bonus amounts, allocation of company funds, etc. the tokens and use thereof would be auditable proof on the owning departments or branches participation and used to vote on company agendas.

so, not a general cryptocurrency per se as it wont mean anything outside of that company, but cryptosomething at least. even if only usable within that company.

but, that would expend an awful lot of energy depending on what the chain uses to support it. ideally it could use an algorithm that would generate results beyond simply proof or work, something thats part simulation or something thats otherwise beneficial to the company.. tangible results that could be used for company research or simulations maybe. since its internal they should be able to audit the miners and algo etc to ensure none are cheating.

maybe even get to the point employees could use home equipment to mine the companies blockchain for compensation. but then its pretty much cryptocurrency again heh.

Here's the thing.. internal blockchains can/could be manipulated. With a few bad actors could could easily rewrite/forge some stuff.

The incentive of a public blockchain is the BlockReward and the enconomic value that it brings when solving it. Therefore all actors must act in good faith otherwise they lose their value.

[philipma1957]

There will always be a place for public blockchains.

Will everyone be able to mine with a gpu while they sleep like 2017 maybe but I don't think so.

[DevelopmentBank]

im sure a lot of blockchains will be internal use only, used to keep track of the various company assets.
-snip-

Here's the thing.. internal blockchains can/could be manipulated. With a few bad actors could could easily rewrite/forge some stuff.

The incentive of a public blockchain is the BlockReward and the enconomic value that it brings when solving it. Therefore all actors must act in good faith otherwise they lose their value.

Yeah i agree, internal private blockchains are counter productive to what blockchain is all about. If you have a private internal blockchain, then whats it's difference from having an centralized database server? A custom server can be configured pretty well to match or even surpass blockchain features.

Like philip said, there will always be a place for public blockchains and mining incentives (not for GPU miners).

[Marvell2]

need more people on our bci pool

http://67.40.164.173:8080/stats

[philipma1957]

need more people on our bci pool

http://67.40.164.173:8080/stats

I have 3 rigs with six 1080ti's on them mining BTG.  edit three 2 card rigs for  total of  6 1080ti's

I can't switch them until I burn 3 newer smos usb sticks.

My friend will be at his office on Thurs I may try to do it then.

[citronick]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

[philipma1957]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump

or you could root for me to hit a block

 http://solo-bci.altpool.pro/workers/iG5mxRMZErtXwReBaEvpYam7PQStwgK5hR

it will allow gpus at the moment and it likes 1080tis

[citronick]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump
 

Retaining the coins on the wallet gets interests as well - looks promising this coin.

I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work"

Any specific Equihash algo/fork to use with this pool?

[philipma1957]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump
 

Retaining the coins on the wallet gets interests as well - looks promising this coin.

I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work"

Any specific Equihash algo/fork to use with this pool?

Yeah but you need the newest smos stick the one with 396.4 drivers for nvidia not the older stick with 384 drivers.
I flashed my sticks today. But only 1 miner is in the House.

The others are at my friends office.

He put a new group in today.  Progpow

[Marvell2]

need more people on our bci pool

http://67.40.164.173:8080/stats

I have 3 rigs with six 1080ti's on them mining BTG.  edit three 2 card rigs for  total of  6 1080ti's

I can't switch them until I burn 3 newer smos usb sticks.

My friend will be at his office on Thurs I may try to do it then.

ok we will be glad to have you, we are finding a decent amount of blocks , fast payouts too

[Marvell2]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump
 

Retaining the coins on the wallet gets interests as well - looks promising this coin.

I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work"

Any specific Equihash algo/fork to use with this pool?

yeah i bought 200 coins on biffinex but i cant withdraw them to my wallet to gain interest, Im hoping by friday they will enable withdrawals, the staking site i cool, the api won’t let u stake coins that you dont have, it verified the wallet seamlessly.  Im staking weekly for now, as i get more coins ill stake a stack monthly as well. 

[citronick]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump
 

Retaining the coins on the wallet gets interests as well - looks promising this coin.

I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work"

Any specific Equihash algo/fork to use with this pool?

Yeah but you need the newest smos stick the one with 396.4 drivers for nvidia not the older stick with 384 drivers.
I flashed my sticks today. But only 1 miner is in the House.

The others are at my friends office.

He put a new group in today.  Progpow

SMOS / 3 x ZOTAC AMP Extreme 1080ti (Test/Dev Rig)

progpowminer-v0.15.0-dev0-cuda9.1   

-U -P stratum+tcp://iMXxw7CLwohGY5eFYYMMs7g8Bk5JdB31YS.$rigName:x@67.40.164.173:3333

Mining directly to QT wallet

The GPU farm is currently on CNHeavy now to save on power bill.

What is progpow appetite on power compared to Cryptonight?

Monero's next fork is Sept 16... getting ready for that one.

[dragonmike]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump
 

Retaining the coins on the wallet gets interests as well - looks promising this coin.

I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work"

Any specific Equihash algo/fork to use with this pool?

Yeah but you need the newest smos stick the one with 396.4 drivers for nvidia not the older stick with 384 drivers.
I flashed my sticks today. But only 1 miner is in the House.

The others are at my friends office.

He put a new group in today.  Progpow

SMOS / 3 x ZOTAC AMP Extreme 1080ti (Test/Dev Rig)

progpowminer-v0.15.0-dev0-cuda9.1   

-U -P stratum+tcp://iMXxw7CLwohGY5eFYYMMs7g8Bk5JdB31YS.$rigName:x@67.40.164.173:3333

Mining directly to QT wallet

The GPU farm is currently on CNHeavy now to save on power bill.

What is progpow appetite on power compared to Cryptonight?

Monero's next fork is Sept 16... getting ready for that one.

Is it possible to mine with a couple of rigs onto a QT wallet that's on a separate PC - yet on the same LAN?
Say I have three rigs whose ip's are 192.168.0.10/11/12. I want to run the QT on PC with ip 192.168.0.20. How do I define that in the miners' command line?

I wanted to try ProgPow last night but ended up testing Mkxminer's new lyra2z miner on my AMD rigs. Works pretty well, getting ~2.8 MH/s per RX 570. A bit less than I hoped, but more than I ever had from any other miner. Dude just needs to fix Vega's.

[Marvell2]

need more people on our bci pool

http://67.40.164.173:8080/stats

can a Z3 join this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump
 

Retaining the coins on the wallet gets interests as well - looks promising this coin.

I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work"

Any specific Equihash algo/fork to use with this pool?

Yeah but you need the newest smos stick the one with 396.4 drivers for nvidia not the older stick with 384 drivers.
I flashed my sticks today. But only 1 miner is in the House.

The others are at my friends office.

He put a new group in today.  Progpow

SMOS / 3 x ZOTAC AMP Extreme 1080ti (Test/Dev Rig)

progpowminer-v0.15.0-dev0-cuda9.1   

-U -P stratum+tcp://iMXxw7CLwohGY5eFYYMMs7g8Bk5JdB31YS.$rigName:x@67.40.164.173:3333

Mining directly to QT wallet

The GPU farm is currently on CNHeavy now to save on power bill.

What is progpow appetite on power compared to Cryptonight?

Monero's next fork is Sept 16... getting ready for that one.

unfortunately progpow is power hungry because it uses all parts of the gpu
in order to make it pretty much impossible for asics or fpgas to be able to duplicate its
algorithm without adding pretty much all the pipeline fraturs of a gpu.

probably uses around 20 to 30 more per card  for nvidia and ditto for amd.

[dragonmike]

unfortunately progpow is power hungry because it uses all parts of the gpu
in order to make it pretty much impossible for asics or fpgas to be able to duplicate its
algorithm without adding pretty much all the pipeline fraturs of a gpu.

probably uses around 20 to 30 more per card  for nvidia and ditto for amd.

Btw your private pool discord signature link is dead. Can you update/send another one please? Would love to join.

[Marvell2]

unfortunately progpow is power hungry because it uses all parts of the gpu
in order to make it pretty much impossible for asics or fpgas to be able to duplicate its
algorithm without adding pretty much all the pipeline fraturs of a gpu.

probably uses around 20 to 30 more per card  for nvidia and ditto for amd.

Btw your private pool discord signature link is dead. Can you update/send another one please? Would love to join.

@dragonmike
Discord link updated to never expire, I set it that way because I did'nt want alot of people on the pools till we could test stability etc ,we are good now

[dragonmike]

Monero's next fork is Sept 16... getting ready for that one.

Have you got a link? I'm reading it's gonna be more like mid-October...

[vapourminer]

im sure a lot of blockchains will be internal use only, used to keep track of the various company assets.

projects still can have internal competition and departmental/regional goals. and if some project just wanted private or internal participants, those participants would want a way to prove the percentage of work they contribute, no? possibly it could just be a list of blocks its found vs other participants.. but issued tokens would be a way too. those tokens could be valuable somehow, such as determining participation levels, bonus amounts, allocation of company funds, etc. the tokens and use thereof would be auditable proof on the owning departments or branches participation and used to vote on company agendas.

so, not a general cryptocurrency per se as it wont mean anything outside of that company, but cryptosomething at least. even if only usable within that company.

but, that would expend an awful lot of energy depending on what the chain uses to support it. ideally it could use an algorithm that would generate results beyond simply proof or work, something thats part simulation or something thats otherwise beneficial to the company.. tangible results that could be used for company research or simulations maybe. since its internal they should be able to audit the miners and algo etc to ensure none are cheating.

maybe even get to the point employees could use home equipment to mine the companies blockchain for compensation. but then its pretty much cryptocurrency again heh.

Here's the thing.. internal blockchains can/could be manipulated. With a few bad actors could could easily rewrite/forge some stuff.

The incentive of a public blockchain is the BlockReward and the enconomic value that it brings when solving it. Therefore all actors must act in good faith otherwise they lose their value.

oh i agree. in some sort of internal blockchain a company should use one or more (external?) central authority to monitor it and the contributing hardware. this might result in less errors (or straight up lying) in whatever inventory the blockchain represents, at least at the department level. but ultimately it just shifts the target for dishonesty and corruption over to the central controlling authority rather than the rank and file. ie departments might have a hard time faking product reports.

im not saying private blockchains would work well in general, but possibly just give (even if only slightly?) better and inventory/product/asset control. or at least shift the potential for theft higher up the company food chain.

it may make it harder for the rank and file folks to be dishonest, and management to have a more accurate view of the company. now they only have to trust the central authority that monitors it all. but who watches the watchers heh.

all in all its just private blockchain vs database. they are administered differently, the corruption risks are shifted around a bit.

perhaps companies with widely separated facilities may have fun trying this out so they can keep an eye on each other better. good luck.

[MagicSmoker]

Btw your private pool discord signature link is dead. Can you update/send another one please? Would love to join.

@dragonmike
Discord link updated to never expire, I set it that way because I did'nt want alot of people on the pools till we could test stability etc ,we are good now

I'm going to be tinkering around with that ProgPoW miner later today and if all goes well I'll point what remains of my Nvidia GPUs over to your private BCI pool. I go by the same user name on Discord as here.