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

[KaydenC]

Some PoS implementations use limited time range let's say +-10 minutes in unix time seconds from time now as limited variable input into hash function. Something like nonce in PoW but in PoW nonce usually is not very strictly limited.

Isn't it how PoS systems work now?

If a hardware hashing device was based around a 10Mhz oven controlled crystal oscillator;  and the algorithm has a time factor built in that can be related/based on this;  it could easily become a standard for limiting hashing speeds;    and could easily be re-verified as to be a valid result by the network using that time-base schism.   It is of-course more involved than just a simple single function;  but if worked properly;  the time function can be integrated at steps throughout the process of calculating.

Example:  Calculate for a result;  and during each mathematical operation;  do a math operation on the intermediate value/variable with the timer's current value as a salt;  do the next step;  salt, etc.   All salt is based on the timer.

This way;  you are forced to conform to the 10Mhz oscillator's salt, and it will disrupt your ability to hash faster as your result won't match someone else that is running the correct timebase, when you are accelerated and hashing faster.

POS requires a coin value to be staked on the network (locked in).  I speak of POW.

This is about strictly adding a timebase standard that can be used to effectively nullify things that will calculate above a certain speed.   IT would make all devices effectively equal at a point; and would boil down to quantity of devices from that point on....   Equal opportunity in a manner of speaking.

of course things like;  adding simple functions that salt the time function's process on the next round; they come from the previous round's block's values;  and could be beneficial as well.

And it cannot be limited too, because there's nothing stopping miners from mining to multiple address on the same device, using the same range of nonces.

[1713528242]

1713528242

[1713528242]

1713528242

[JaredKaragen]

Some PoS implementations use limited time range let's say +-10 minutes in unix time seconds from time now as limited variable input into hash function. Something like nonce in PoW but in PoW nonce usually is not very strictly limited.

Yeah;  in order to limit hashing speeds;  the oscillator that the time function is based off of, would need to be very precise for repeat-ability;   but the time function wouldn't be for something as simple as a nonce;  it would be dispersed throughout the entire set of hashing functions.

The reason for the time based nonce is basically just to be another security protection against withholding blocks from the network.

And it cannot be limited too, because there's nothing stopping miners from mining to multiple address on the same device, using the same range of nonces.

you could;  but;  imagine the impact of my idea on a pool.......  Suddenly;  the large amount of hash is a bad thing... forcing decentralization... to a point.

I see how you could theoretically do the same functions on different addresses at the same time;  but their results will always be different each round; and would need to be calculated individually;  not linear-ally "through the same hardware pipe" so to speak; needing individual hardware for each.

this goes right in line with making the number of individual "devices" the core reason you would have more of a chance of getting a winning result....  making all devices relatively equal by limitations of time.

[KaydenC]

this goes right in line with making the number of individual "devices" the core reason you would have more of a chance of getting a winning result....  making all devices relatively equal by limitations of time.

I still don't think that will be effective, because if each individual device is capped at a certain hash rate, manufacturers will just make single chip usb asics.

[almonk]

Some PoS implementations use limited time range let's say +-10 minutes in unix time seconds from time now as limited variable input into hash function. Something like nonce in PoW but in PoW nonce usually is not very strictly limited.

Isn't it how PoS systems work now?

If a hardware hashing device was based around a 10Mhz oven controlled crystal oscillator;  and the algorithm has a time factor built in that can be related/based on this;  it could easily become a standard for limiting hashing speeds;    and could easily be re-verified as to be a valid result by the network using that time-base schism.   It is of-course more involved than just a simple single function;  but if worked properly;  the time function can be integrated at steps throughout the process of calculating.

Example:  Calculate for a result;  and during each mathematical operation;  do a math operation on the intermediate value/variable with the timer's current value as a salt;  do the next step;  salt, etc.   All salt is based on the timer.

This way;  you are forced to conform to the 10Mhz oscillator's salt, and it will disrupt your ability to hash faster as your result won't match someone else that is running the correct timebase, when you are accelerated and hashing faster.

POS requires a coin value to be staked on the network (locked in).  I speak of POW.

This is about strictly adding a timebase standard that can be used to effectively nullify things that will calculate above a certain speed.   IT would make all devices effectively equal at a point; and would boil down to quantity of devices from that point on....   Equal opportunity in a manner of speaking.

of course things like;  adding simple functions that salt the time function's process on the next round; they come from the previous round's block's values;  and could be beneficial as well.

And it cannot be limited too, because there's nothing stopping miners from mining to multiple address on the same device, using the same range of nonces.

It is probably possible to tie to the amount of coins per each address. Limit available search space to the amount of coins per address. Till the next block.

[TheYankeesWin!]

this goes right in line with making the number of individual "devices" the core reason you would have more of a chance of getting a winning result....  making all devices relatively equal by limitations of time.

I still don't think that will be effective, because if each individual device is capped at a certain hash rate, manufacturers will just make single chip usb asics.

that is fine  as it still lowers  asic efficiency quite a bit.

a sidehack 2 chip  usb stick cost 50 bucks

a bitmain s-9 with a lot more chips is say 400

one does  a lot less hash per usd

say 100 gh for 50usd  vs  14000 gh for 400usd

[QuintLeo]

Does anybody know what is driving down most of the market today by ~15%? I have been looking for news but have not yet found anything. One would think coindesk would have something but ...

The hash war will start between Bitcoin Cash ABC and SV. So the Bitcoin Hash will be affected, the unconfirmed transaction will rise. That will impact bitcoin price negatively.

I actually am starting to think, based on Bitcoin VOLUME jumping bigtime just as the drop hit, that this might be Bitmain dumping some of their coin horde to pay their bills.

[philipma1957]

2 useful applications for cryptocurrencies monitoring and trading!

Mammon
You can find out the percentage of cryptocurrency rise or fall, price refresh rate according to your settings: daily or each hour.
Mammon allows to calculate the total sum of your earnings per each cryptocurrency or all of them together. This platform differs from the others, as here you can set a target price for cryptocurrencies you want and get the notification if any of them reaches the threshold.
You can download Mammon at the official site.



Delta
If your chosen cryptocurrency exchange does not have a mobile trading application (like Bittrex or Poloniex), Ztrader allows Windows and Mac users to connect via the API and execute transactions.
Delta is a great application for serious cryptocurrency trading. It creates a pie chart of a cryptocurrency portfolio and provides the calculation of such parameters as realized and unrealized profits, as well as reports on tax returns. You pay taxes, right? Of course yes. To use all the features of Delta you need a subscription. The service is provided by a great app for Windows and Mac.
You can download Delta at the official site.

Read more:
https  ://telegra.ph/2-useful-applications-for-cryptocurrencies-monitoring-and-trading-11-14

I quoted you disabled links and
You got deleted for spamming my thread.

[adaseb]

Took me a while to find this thread. Normally it's somewhere on the first page but now need to go thru a few pages to find it.

I think this thread is a lagging indicator of the markets more or less. During the crypto boom and mining boom especially all of philipma1957 threads had numerous replies all the time and now not very active.

Wonder how many of you guys are still actively mining. I've put my rigs on hold pretty much due to remodeling my place and unless the profitability goes up, probably will keep them offline for a bit.

My old miners like the Antminer S3, Radeon 6990, R9 280X will probably keep in a personal museum.

[gotminer]

I'm spec mining these days with about 30 gpu's. Nothing older than a 1070ti. I'm not building new rigs, but I'm still mining. After selling $RVN at 940 sats last month, I'm very very happy.

[philipma1957]

I sold a decent amount of RVN at 0.00000911

I mine here http://solo-bci.altpool.pro/workers/iG5mxRMZErtXwReBaEvpYam7PQStwgK5hR


I have committed to mine this coin until Jan27th My birthday

I have about 2600 of them


https://coinmarketcap.com/currencies/bitcoin-interest/


and I have a contract for hosting 3 s9's

http://solo.ckpool.org/users/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

going to run it till April

[ZedZedNova]

Still mining with my 2x1080Ti rig, mostly x16r coins. Was RVN for a while, but now MoonDex for which I have a couple of master nodes.

I had a sidehack modded S7-LN running earlier this year, but the PSU died and I didn't bother fixing it because at the time it was losing ~$5/month with $0.10/kWh power. It might be worth fixing and relocating it so it can augment the heating system now that cooler weather has arrived.

Waiting for the SQRLs Nest X4 and four Acorn CLE-215+s to arrive to add them to the 2x1080Ti rig. They are due to be shipped Soon^TM, whatever that means.  I'll believe it when they arrive on my porch.

I'm also contemplating buying one of sidehack's NewPac and one of jstefanop's newest Moonlander scrypt miners once it is shipping.

It's mostly just a hobby for me, but who knows, maybe one day crypto will moon again.

[nsummy]

Took me a while to find this thread. Normally it's somewhere on the first page but now need to go thru a few pages to find it.

I think this thread is a lagging indicator of the markets more or less. During the crypto boom and mining boom especially all of philipma1957 threads had numerous replies all the time and now not very active.

Wonder how many of you guys are still actively mining. I've put my rigs on hold pretty much due to remodeling my place and unless the profitability goes up, probably will keep them offline for a bit.

My old miners like the Antminer S3, Radeon 6990, R9 280X will probably keep in a personal museum.

Its a combination of people posting less and a giant influx of spammers/bots/etc flooding this board.  So many threads are getting bumped by pure nonsense.  Check this one for example:  https://bitcointalk.org/index.php?topic=2046072.320

[philipma1957]

Took me a while to find this thread. Normally it's somewhere on the first page but now need to go thru a few pages to find it.

I think this thread is a lagging indicator of the markets more or less. During the crypto boom and mining boom especially all of philipma1957 threads had numerous replies all the time and now not very active.

Wonder how many of you guys are still actively mining. I've put my rigs on hold pretty much due to remodeling my place and unless the profitability goes up, probably will keep them offline for a bit.

My old miners like the Antminer S3, Radeon 6990, R9 280X will probably keep in a personal museum.

Its a combination of people posting less and a giant influx of spammers/bots/etc flooding this board.  So many threads are getting bumped by pure nonsense.  Check this one for example:  https://bitcointalk.org/index.php?topic=2046072.320

Yeah so much spam and bs post after post thread after thread.

How is Suqa coin doing for you?

[HerbPean]

Took me a while to find this thread. Normally it's somewhere on the first page but now need to go thru a few pages to find it.

I think this thread is a lagging indicator of the markets more or less. During the crypto boom and mining boom especially all of philipma1957 threads had numerous replies all the time and now not very active.

Wonder how many of you guys are still actively mining. I've put my rigs on hold pretty much due to remodeling my place and unless the profitability goes up, probably will keep them offline for a bit.

My old miners like the Antminer S3, Radeon 6990, R9 280X will probably keep in a personal museum.

Its a combination of people posting less and a giant influx of spammers/bots/etc flooding this board.  So many threads are getting bumped by pure nonsense.  Check this one for example:  https://bitcointalk.org/index.php?topic=2046072.320

Yeah so much spam and bs post after post thread after thread.

How is Suqa coin doing for you?

I'm mining it since like two weeks, price is steady even if btc is going down (9/10 of a cent)

I didn't sold any of my Rvn yet 

[JaredKaragen]

And it cannot be limited too, because there's nothing stopping miners from mining to multiple address on the same device, using the same range of nonces.

It is probably possible to tie to the amount of coins per each address. Limit available search space to the amount of coins per address. Till the next block.

Block find rewards are held back for x amount of found blocks by that user.     Last x blocks never get funded to you and end up burnt;  unless in the future you start back up again.  This should [at first thought] all but obliterate the abuse of generating a new address for the purpose of mining; because too fast;  no pay;  not enough blocks per address?  no pay.... something along those lines anyways.   I am just trying to keep it simple until the nuances start to take hold and things get serious...   but the endgame is everyone has an equal chance.  You could calc a result with a slower device;  because it's salt can do wonders for odds.

MAybe build in a POS-type mechanism:  If you keep those fresh earned coins in your same account for longer;  the reward goes up a touch after 'y' blocks... also helps keep the people in check trying to mine too much too fast.



This is a small thought that may help with it.  So far; there's no logical way to approach a "limited devices per user" thing;  we will always have one or another person(s) with more hardware and more funding.


Maybe we should get a thread together separate than this;  But in my eyes;  fighting the selfish nature of "underground mining hardware/software", I think falls very in line with how things have been going through the year and its why I have been discussing it here.

It's a tough cookie to wrap your head around penalizing for calculating speed.  This is why I think it should be based of a standard but very precise timebase.  Things like microcontrollers and whatnot's internal clocks;  often suffer from voltage drift and a slew of other things.   I can't stress the emphasis of a good clock.



I do agree that times have definitely been slow in the altcoin world;  mainly because of the overall market being where it has been, and the countless amounts of altcoins that keep getting introduced; as well as the fact that asics/FPGA's have always shown that they basically end up taking over the greater share of earnings and making the gpu's less profitable.....  but to everyone;  remember;  didn't this happen before?   How did we recuperate then?  How do you think it will play out this time?    I smell a similar ride.   The idea is to keep in touch with what actually becomes something;  and what is just there to try and pyramid yourself over someone else and sell off.

Legitimately in my honest opinion;  95% of altcoins, are worthless and only carry a value because people still buy them.    Most of those;  started as a copy-and-paste pipe-dream with no actual ever widespread use of them but to simply use on an exchange to trade for another.   Most I see that have some type of advertised use, or whatever else;  legitimately [in my eyes] are farts in the wind, only they are less useful than a fart in the wind.

Sorry for the rambling =P

[dragonmike]

I do agree that times have definitely been slow in the altcoin world;  mainly because of the overall market being where it has been, and the countless amounts of altcoins that keep getting introduced; as well as the fact that asics/FPGA's have always shown that they basically end up taking over the greater share of earnings and making the gpu's less profitable.....  but to everyone;  remember;  didn't this happen before?   How did we recuperate then?  How do you think it will play out this time?    I smell a similar ride.   The idea is to keep in touch with what actually becomes something;  and what is just there to try and pyramid yourself over someone else and sell off.

This, I think sums it up.
As the blockchain technology enters mainstream, the crypto aspect of it is slowly losing its appeal. Nobody needs a currency in a permissioned blockchain between a set of participants.

The only time crypto actually has a value is when you can use it for something and it inherently carries some sort of value. I completely agree with you about the 95% figure. Most cryptos out there are effectively worthless. Now is about picking the ones that really have something to add to the table.

I'm long BTC, XMR, ETN, RVN & XHV from mining and proceeds thereof, NPXS, BEAN and LINDA for staking. Building up a few BCI for the same reason. Long a bunch of HERO because it's one of the few 2017 ICOs that is regulated, unpretentious, has a real team, a real project and a real product behind it.

I'm hurting like everyone else.

[soothaa]

Damn so much for a stable BTC. We went right up against that downtrend and dumped hard.

I know many think charts/TA is voodoo but we're still right on track..

[JaredKaragen]

remember the dip to 200 happened twice before shooting well over 1K.


The whales are lining their pockets.   It's just up to us peons to keep from selling off and holding on.  Remember;  just in a little over a month:  the tax year ends.   I am willing to bet this selloff has something to do with it;  wither that or the xmas season.


Now that I am doing better day by day, I am trying to flip my mindset on not spending or selling any crypto;  do the long term hold.


I have actually relied on my crypto earnings for the last few years.  It literally kept me from being homeless and hungry for a legitimate year straight.

[fr4nkthetank]

Winter is here, so its all good.  I'm actually adding 15 570s tomorrow.  Got them for about 95$Cad new.  If anyone wanted to get into mining, its a good time because all the gear and accessories are cheap.

[adaseb]

remember the dip to 200 happened twice before shooting well over 1K.


The whales are lining their pockets.   It's just up to us peons to keep from selling off and holding on.  Remember;  just in a little over a month:  the tax year ends.   I am willing to bet this selloff has something to do with it;  wither that or the xmas season.


Now that I am doing better day by day, I am trying to flip my mindset on not spending or selling any crypto;  do the long term hold.


I have actually relied on my crypto earnings for the last few years.  It literally kept me from being homeless and hungry for a legitimate year straight.

Yes I actually remember that dip pretty well. Basically I think it had to do with some exchange getting hacked. I actually ended up buying BTC at $175 or so. But it wasn't to hold, it was actually to cover a $300 short I took a few weeks prior.

That day was different however than today. If I recall it took a huge dip but it closed the day on the positive. It looked like a massive stop hunt. But right now we keep dropping almost 20% in 2 occasions in less than a week.

I highly doubt its Satoshi selling his BTC to fund his SV coin but I think its due to the people selling who assumed $6000 was the low. Now that we are almost at $4000, the people who assumed $5000 was the low have probably sold thinking they can buy cheaper.

Hence a huge amount of sellers and almost no buyers except the ones who are covering their short positions.