[ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014

[utahjohn]

@Graham
The groestl algorithm used in part of X11 seems to be the major factor in reduction of power usage and lower temps on GPU's.
See https://bitcointalk.org/index.php?topic=666252.0

I'd be grateful for some help, I can't find a mention of Groestl on any of the pages of that thread, which of the pointers should I follow?

Cheers

Graham

http://www.cryptoarticles.com/crypto-news/2014/4/23/groestlcoin-efficient-mining-on-both-cpu-and-gpu

http://altcurrencyhelp.com/Groestl

[gjhiggins]

@Graham
The groestl algorithm used in part of X11 seems to be the major factor in reduction of power usage and lower temps on GPU's.

Ah, the penny's just dropped for me, the difference is due to changes in the implementation on GPU architecture. ofc.


Cheers

Graham

[gjhiggins]

http://www.cryptoarticles.com/crypto-news/2014/4/23/groestlcoin-efficient-mining-on-both-cpu-and-gpu
http://altcurrencyhelp.com/Groestl

The primary claims are couched in classic marketing-speak

“The Groestl algorithm is possibly the single most GPU-efficient algorithm implemented in any cryptocoin on the market.”

“A comparison between many different algorithms shows that it has the lowest power consumption, heat, and noise of the array of newer ones being implemented in cryptocoins.”

I prefer more more traditional promotional vacuities: “The Groestl algorithm: farm fresh and quality assured.”

I meant something more like Third-Round Report of the SHA-3 Cryptographic Hash Algorithm Competition, something that affords a more nuanced understanding. I found sections 5.1 Software performance, 5.2 Hardware performance and 5.3 Discussion to be invaluable in their coverage and clarity. There doesn't seem to be anything in there which singles out Groestl as particularly efficient other than a mild observation that it has good throughput/area - but that's a quality of the ASIC implementation in hardware, not of the GPU implementation in software. All of the SHA-3 final round candidate hash functions were implemented as ASICs, the NIST committee was slightly apologetic that they could only afford the 256-bit versions.

That was worth following up, TIL quite a lot and I discovered the delights of the iacr eprint list. Thanks utahjohn for prompting me to ask awkward questions.

So ... x11? Yeah, maybe - if there's a well-supported argument that can be made then I think the community can be offered a stimulating change. I'm very sympathetic to any change that benefits the Moonie-on-the-Clapham-bendibus.

I'm particularly keen to see a balanced discussion. Thus far, all the discussion has been about changing the coin's economics to better suit the objectives of the miners. Basically, this one-sidedness is increasing the risk that the tilt in favour of miners, already noticeably acute, will become even more angled away from the non-miner and with billions of MOON to be generated, the only way this coin can survive is by embracing the community of coin-users that gave the currency the velocity that was assumed in the original formulation and who now, after much Mooncoin inaction, understandably have found other interests to pursue.


Cheers,

Graham

[coinflow]

http://www.cryptoarticles.com/crypto-news/2014/4/23/groestlcoin-efficient-mining-on-both-cpu-and-gpu
http://altcurrencyhelp.com/Groestl

The primary claims are couched in classic marketing-speak

“The Groestl algorithm is possibly the single most GPU-efficient algorithm implemented in any cryptocoin on the market.”

“A comparison between many different algorithms shows that it has the lowest power consumption, heat, and noise of the array of newer ones being implemented in cryptocoins.”

I prefer more more traditional promotional vacuities: “The Groestl algorithm: farm fresh and quality assured.”

I'm particularly keen to see a balanced discussion. Thus far, all the discussion has been about changing the coin's economics to better suit the objectives of the miners. Basically, this one-sidedness is increasing the risk that the tilt in favour of miners, already noticeably acute, will become even more angled away from the non-miner and with billions of MOON to be generated, the only way this coin can survive is by embracing the community of coin-users that gave the currency the velocity that was assumed in the original formulation and who now, after much Mooncoin inaction, understandably have found other interests to pursue.

I'm also of the opinion that we need to focus on what the average Joe-Moonie needs. In my opinion it is relatively irrelevant, on which algo a coin is based. If you get attention of the normal users first, the coin will gather importance. If it gathers importance, the price will rise. If the price rises, the miners will get their rewards and are content (edit: btw, if you look at www.cointweak.com, Mooncoin is not doing bad already in terms of mining-profitabilty, compared to all the other Scrypt-based coins, including DOGE - just sayin').
So we have to focus what we want: Do we wanna please the miners or the users of the coin? If we wanna please the miners: Do we wanna please those with big machines (ASIC-monsters) or do we focus on the next best algo, that has to be switched again after the next best ASIC-monster-developer finds a way to create a miner, that can mine this multi-criss-cross-double-special-algo-mixer-miracle ...?

[redjedievolution]

hahahah some guy sold me a lot of mooncoins at 4 litoshi 

[Lairew]

hahahah some guy sold me a lot of mooncoins at 4 litoshi  Grin Grin Grin Cheesy Cheesy Cheesy

good job 

[986016977]

3 litoshi

[wendy5]

is the dev alive?

[mnwycombe]

Yes he is and he wrote here 48 min ago:
http://www.reddit.com/r/MoonCoin/comments/2acozv/coinpaymentsnet_a_very_real_solution/

[coinflow]

Important:

Have you all already voted for getting Mooncoin to Coinpayments.net?
If not, please do so here: https://www.coinpayments.net/vote

Remember: it is of highest importance to USE the coin. And using the coin is done by spending it. And since we need a coin-processer for merchants, so that they can accept Mooncoin for payments in their shops, please vote! Even if you are "only" an investor, you should vote there, because if the coin is being USED, it is worth more, so the price can rise - which, I think, will be good for you.


Thanks to you all!


BTW: Please spread the word about voting for MOON.

[986016977]

Important:

Have you all already voted for getting Mooncoin to Coinpayments.net?
If not, please do so here: https://www.coinpayments.net/vote

Remember: it is of highest importance to USE the coin. And using the coin is done by spending it. And since we need a coin-processer for merchants, so that they can accept Mooncoin for payments in their shops, please vote! Even if you are "only" an investor, you should vote there, because if the coin is being USED, it is worth more, so the price can rise - which, I think, will be good for you.


Thanks to you all!


BTW: Please spread the word about voting for MOON.

Need 0.001BTC.

[coinflow]

Important:

Have you all already voted for getting Mooncoin to Coinpayments.net?
If not, please do so here: https://www.coinpayments.net/vote

Remember: it is of highest importance to USE the coin. And using the coin is done by spending it. And since we need a coin-processer for merchants, so that they can accept Mooncoin for payments in their shops, please vote! Even if you are "only" an investor, you should vote there, because if the coin is being USED, it is worth more, so the price can rise - which, I think, will be good for you.


Thanks to you all!


BTW: Please spread the word about voting for MOON.

Need 0.001BTC.

So you really want to tell us, that you cannot spare 0.001 BTC, which equals ~0.6 USD?
If BTC as such is the problem, you can also donate in LTC or DOGE. So if you own some Mooncoin, you could exchange them for DOGE or LTC and then vote for our coin on https://www.coinpayments.net/vote

Remember: The donation is a charitable contribution, as described on the site.

Thank you!

[hyperminer]

If you could "choose" the prize for the upcoming Blazecoin giveaway, which of these would you choose?

https://bitcointalk.org/index.php?topic=624778.0;all

[coinflow]

If you could "choose" the prize for the upcoming Blazecoin giveaway, which of these would you choose?

https://bitcointalk.org/index.php?topic=624778.0;all

Which of which? Couldn't find anything regarding a giveaway-voting behind your link. And why don't you post that in that BLZ-thread?

[utahjohn]

Development of MOON seems to be stuck at a stand still, serious efforts to revive it need to be taken asap.
I am selling off half of my holdings on coinedup and investing in more promising PoS coins.
Sorry guys I can't hold on forever with no chance of even getting ROI from MOON in sight.

[coinflow]

Development of MOON seems to be stuck at a stand still, serious efforts to revive it need to be taken asap.

Did you vote on https://www.coinpayments.net/vote ?
If not, the development is in fact at a stand still, because this is something the developer cannot improve - even with any changing of everything.

I am selling off half of my holdings on coinedup and investing in more promising PoS coins.
Sorry guys I can't hold on forever with no chance of even getting ROI from MOON in sight.

Why don't you sell everything instead and never come back? Maybe you should invest into LTC, which is at the same stand still (in respect of a working coin). Or DOGE, with its massive price drop.

Sorry, but I cannot see any real problem other than impatient investors that are only complaining, instead of being a creative part of the community.
Again: Have you voted on Coinpayments? Thanks!

Sorry to be some kind of rude, but we as a community have to fill the coin with life.

--> Edit:
See the Supermoon: http://www.welt.de/wissenschaft/weltraum/article130099824/Supermond-erleuchtet-das-Kap-Sounion.html
To Da Moon - nearer than ever ...  

[roberie858]

I voted at coinpayments too. 

[Dallas5]

Hey mooncoin is still alive 

[Wekkel]

Hey mooncoin is still alive 

Of course. Next block halving is set for sometime in August. The network is operating fine so we continue to support Mooncoin and look forward to what the crypto currency developments will bring.

[utahjohn]

Hey mooncoin is still alive 

Of course. Next block halving is set for sometime in August. The network is operating fine so we continue to support Mooncoin and look forward to what the crypto currency developments will bring.

Better get a substantial buy wall up on coinedup MOON/mLTC market, second wave coming soon ...