[2014-01-03] Alpha Technology Takes Pre-Orders for Litecoin ASIC Miners

[kalus]

we need ASICs to protect the weaker coins from a whale pouncing on, say catcoin, with a few 100mhashes and forking the coin.  

the more ASICs are distributed (i.e. outside the control of a large corporation or country), the more secure the currencies will be.  the solution to a single entity manipulating weak coins will be ASICs in everybody's hands.  imagine the US utopia where happiness is a warm gun in everybody's hands.  

however, i have no idea whether this alpha company is worth anything.  ASICS are coming and there's no point in fighting them.  Whether Alpha will actually ship ASICs remains to be seen.

[hvezdasmrti]

There is a solution...

- IP address / IP range hashrate cap - this will prevent everybody from creating big farms, just make a cap of share to every IP address and another cap for IP ranges to prevent from Multi-IP addressing.

This will solve the biggest problems:

- it will not consume so much electricity
- it will be more fair play
- it will prevent biggest farmers from affecting the market, 51 percent attack possibility and centralization

An example, make a limit to a single Ipv4 address, another limit to /24 IP address range, another to /20 range etc. The same for IPv6 ranges. E.G. 2 Mhash limit to one Ipv4 address, 6 Mhashes to the whole range, and so done.

[BitByteBite]

There is a solution...

- IP address / IP range hashrate cap - this will prevent everybody from creating big farms, just make a cap of share to every IP address and another cap for IP ranges to prevent from Multi-IP addressing.

This will solve the biggest problems:

- it will not consume so much electricity
- it will be more fair play
- it will prevent biggest farmers from affecting the market, 51 percent attack possibility and centralization

An example, make a limit to a single Ipv4 address, another limit to /24 IP address range, another to /20 range etc. The same for IPv6 ranges. E.G. 2 Mhash limit to one Ipv4 address, 6 Mhashes to the whole range, and so done.

There would be people who setup workarounds for this too. Namely big boys who have large up ranges, willing to pay for VPN's etc. then you'll have ip6 to deal with sooner or later as well

[powdabam]

There is a solution...

- IP address / IP range hashrate cap - this will prevent everybody from creating big farms, just make a cap of share to every IP address and another cap for IP ranges to prevent from Multi-IP addressing.

This will solve the biggest problems:

- it will not consume so much electricity
- it will be more fair play
- it will prevent biggest farmers from affecting the market, 51 percent attack possibility and centralization

An example, make a limit to a single Ipv4 address, another limit to /24 IP address range, another to /20 range etc. The same for IPv6 ranges. E.G. 2 Mhash limit to one Ipv4 address, 6 Mhashes to the whole range, and so done.

Yeah there are a ton of workarounds for this that the common user can do, let alone some company with whale farms.

[hvezdasmrti]

Not as simple... No datacentre has so many IPv4 networks to cover all demand of miners. You can own the whole C block of 256 IPs, yes. But its worthless in that case - imagine you have 700Mhash rig.

256 IP address range - you can still put only 6Mhashes. If nobody else is mining in your neighborhood.
more IP address ranges... yes if nobody mining in that town, you probably will get some Ips from it... for extra big money making mining unprofitable and only if nobody else runs a rig there.
VPN? Yes you can, but where you want to create a VPN? TOR? Everybody will use them, will be depleted completelly. Your work? You probably run a rig here. Datacentre? Everyone trying to get IPs here... Your grandma? Maybe... First you need to run anything 24 hours stable every day here and hope the connection will not fail.

It would work much better than you think. The 700Mhash rig owner would be happy if he finds IP ranges for 50 mhashes of power.

[kalus]

boy i wish there was some way to translate network addresses to address the IPv4 limitation.

and then i wish they could build some type of routing equipment to somehow, switch(?)  the connections dyamically so to the outside world saw one ip address but in theory i could have hundreds of miners operating on one IP.  

if only someone had invented this type of internet router(??)  they'd be rich.  if only they could stuff a few antennas on the back, they could call it a wireless router.  lol crazy