I think mining is slowly oversaturated

[noobyonekenobi]

hey, i am working on a concept of low-tech coin, much more human-based mining.
If anyone want to talk, lets create board and discuss it

it would be great if more people would be interested in.

we need an algorythm that it's not based on computer power, low and high end user should have the same chance to get the coins

a coin for average "Mary" and "John" to mine

Jobcoin. Get coins from your 9-to-5.  

Dayum

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[tokyoghetto]

got nothing against people who invested money... i was thinking about the poorer folks as well

That is why we have CPU only coins.

Botnets have an advantage when CPU mining.

[markm]

hey, i am working on a concept of low-tech coin, much more human-based mining.
If anyone want to talk, lets create board and discuss it

Have you checked out http://www.devtome.com/doku.php?id=cpu_mining ?

So easy on the computer that even a raspberry pi can run plenty of workers, but also resistant to botnets...

-MarkM-

[illodin]

got nothing against people who invested money... i was thinking about the poorer folks as well

That is why we have CPU only coins.

CPU coins are probably even worse, select few have powerful unreleased GPU miners and can basically own a CPU coin w 100 mh/s rigs when honest users are mining away with their 50kh/s processors.

[illodin]

It's ridiculous. A coin is launched, difficulty jumps to 5,000 in 10 minutes. This is getting to the point where only the big whales can mine something. Someone should make a coin accessible for the less hi-tech people. It's really no fun anymore.

It's just the way things are everywhere, money comes to money, rich become richer.

But I agree, there should be a coin with max h/s that one person can mine. No idea how to implement it though, whales can just setup multiple miners and wallets etc.

[kalus]

got nothing against people who invested money... i was thinking about the poorer folks as well

That is why we have CPU only coins.

CPU coins are probably even worse, select few have powerful unreleased GPU miners and can basically own a CPU coin w 100 mh/s rigs when honest users are mining away with their 50kh/s processors.

+1 good point.

[markm]

got nothing against people who invested money... i was thinking about the poorer folks as well

That is why we have CPU only coins.

CPU coins are probably even worse, select few have powerful unreleased GPU miners and can basically own a CPU coin w 100 mh/s rigs when honest users are mining away with their 50kh/s processors.

Good luck doing that with the form of CPU mining described at http://www.devtome.com/doku.php?id=cpu_mining

-MarkM-

[virtualdn]

got nothing against people who invested money... i was thinking about the poorer folks as well

That is why we have CPU only coins.

Botnets have an advantage when CPU mining.

CPU coins have no real advantage for average user.

[Nullu]

got nothing against people who invested money... i was thinking about the poorer folks as well

That is why we have CPU only coins.

CPU coins are probably even worse, select few have powerful unreleased GPU miners and can basically own a CPU coin w 100 mh/s rigs when honest users are mining away with their 50kh/s processors.

Good luck doing that with the form of CPU mining described at http://www.devtome.com/doku.php?id=cpu_mining

-MarkM-

I recently bought a Rasberry Pi as part of my journey of discovery into mining. Have barely used it. I should really learn how to mine on it. It's all up and running ready to go.

[markm]

CPU coins have no real advantage for average user.

The current bunch do not, true.

But the people who most need "help" are those with no jobs thus no ability to buy even little block-eruptors to mine with; what such people do have though is lots of time.

So what they need is something that they can scale up a whole lot if they have lots of time, but that botnet owners and rich folks probably will not want to spare the time to mess around with.

Thus the http://www.devtome.com/doku.php?id=cpu_mining concept...

-MarkM-

[kalus]

got nothing against people who invested money... i was thinking about the poorer folks as well

That is why we have CPU only coins.

CPU coins are probably even worse, select few have powerful unreleased GPU miners and can basically own a CPU coin w 100 mh/s rigs when honest users are mining away with their 50kh/s processors.

Good luck doing that with the form of CPU mining described at http://www.devtome.com/doku.php?id=cpu_mining

-MarkM-

maybe in future implementations this would be an issue (i.e. coffeeMUD, AES-NI instruction-based mining), but it is likely the present cohort of CPU coins have been compromised by proprietary GPU miners.  

[virtualdn]

i'm sure cryptocurrency will change a lot in the coming months. maybe this niche (which could get real big) will also be covered. hopefully.

[markm]

Scripting MUD-characters is all about code branching, making decisions based on what is going on around the character.

Thus is it not at all suited to GPUs.

But even a little Raspberry can run a surprising number of workers.

But also, trying to have a botnet run thousands or millions of workers is likely to be a horrible mess, demanding way the heck more time just to keep them all on track than the botnet owner is likely to think worthwhile. Basically they'd have to hire gold-farmers to supervise the "workers", and at that point the botnet is not needed, since each of the hired gold-farmers would have a computer already; the limit on how many workers it can run is more to do with the human who is supervising it than with the power of the computer or the number of computers.

(Because unlike World of Warcraft, a MUD uses very little bandwidth and computer-power, so you can run way the heck more MUD-characters per machine than you could World of Warcraft characters; and the triggers the scripts act on are text, they don't have to do image-recognition to figure out what they are "seeing".)

-MarkM-

[Speedie]

this is serious business....its not supposed to be fun. people built big mining farms, putting up their own money, taking on risk. Let the whales swim free, in the end they make networks stronger.

+1

+2

OP smells like socialism to me. Equality of opportunity, which is what mining offers, is not the same as equality of outcome. In fact I can think of very few business opportunities where the small guy with 0.01% of the production capacity for a given coin will, statistical variance aside, receive proportionately the same reward as the big guy with 5% of the production capacity. It's the ultimate free market where those who take the big risks receive big rewards, and those who risk less receive a commensurately lower reward. But it's always proportional.

[Mopar Miner]

It's ridiculous. A coin is launched, difficulty jumps to 5,000 in 10 minutes. This is getting to the point where only the big whales can mine something. Someone should make a coin accessible for the less hi-tech people. It's really no fun anymore.

I would make a coin that rigs cannot extramine.

So it sounds like you want to put limits or set controls on the crypto "free" market ?


Either fish or cut bait........

[jongameson]

I think mining is ridiculous.  Why do we need to "mine" to get free currency. Why can't we work??

[markm]

Mining is work. Like using earthmoving equipment to dig ditches, it just happens to be somewhat equipment-oriented work.

-MarkM-

[Nullu]

I think mining is ridiculous.  Why do we need to "mine" to get free currency. Why can't we work??

How dare you! 

[virtualdn]

this is serious business....its not supposed to be fun. people built big mining farms, putting up their own money, taking on risk. Let the whales swim free, in the end they make networks stronger.

+1

+2

OP smells like socialism to me. Equality of opportunity, which is what mining offers, is not the same as equality of outcome. In fact I can think of very few business opportunities where the small guy with 0.01% of the production capacity for a given coin will, statistical variance aside, receive proportionately the same reward as the big guy with 5% of the production capacity. It's the ultimate free market where those who take the big risks receive big rewards, and those who risk less receive a commensurately lower reward. But it's always proportional.

no, don't take it this way. it's just that difficulty has gone so high that if bitcoin was released last month it would have reached the same difficulty it has today. difficulty is still good concept, but not so faaaaaaaast

[noelmal]

this is serious business....its not supposed to be fun. people built big mining farms, putting up their own money, taking on risk. Let the whales swim free, in the end they make networks stronger.

what network stronger? they mine the crap out of them then dump and move to the next....repeat repeat the only people who want new coins to keep being created and exchange listed are flash miners.