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pikuchato
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March 21, 2014, 01:55:52 PM |
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Just my 2 cents about block halving.. I think we must have some kind of halving, just my opinion  |
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james6546
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March 21, 2014, 01:57:48 PM |
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Being top coin on coinwarz is like a double sided blade. If the profit is higher then people mine it and sell it and while doing that, they eat the buy walls and push the price down. Yes, and the current price probably isn't sustainable if that happens (i.e. if there is no significant hoarding). 5,000 x 24 x 60 = 7,200,000 NOBL a day, even at 17 satoshis, that's more than 1.2 BTC per day needed to merely sustain the price. A block reward reduction was mentioned, is there any ongoing discussion? Another side issue of the high reward is that NOBL amounts will easily exceed double precision capability, so any software that relies on double-precision floats will encounter rounding errors (you shouldn't, but plenty of crypto software out there relies on it, on exchanges, 3rd party sites, etc.) The wallet uses 64 bit integers under the hood, so it's good up to 90 billion NOBL, but that'll be reached in a couple of years if I'm correct, so while there is still time, but better safe than sorry I do not recall Bitcoin's block rewards or similar being tweaked after launch, and I don't think NOBLECoin should either. It is a band-aid solution. I'm going to begin purchasing Noble once again. I am split on whether the rewards should be halved or not. I think in the short term it would raise the value of the coins and get more investors in, but in the long term it could put off new miners as the people who have been mining it from the start would hold a lot of coins (something that happened with Quark). The thing is that currently there are more coins than the demand for them, but that will not be the case once we go mainstream. You almost want a reward doubling rather than halving, but that would hurt early adopters. I can see why there is a constant block reward. Maybe instead of halving we could reduce the reward by 1/5, and then again later by 1/4, and so on. That way it is more of a gradual reduction? If we do implement a fork, we should make sure that we have implemented any new bug fixes as well. I like this idea, would be a lot gentler than a halving. |
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james6546
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March 21, 2014, 03:26:42 PM |
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Just commented a bit more, every little helps. |
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miKnutty
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March 21, 2014, 03:46:51 PM |
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Get every possible comment we can on that thread, having VoS on board would absolutely be massive for NobleCoin so lets have the strongest possible case to make the first wave of coins added! NobleCoin is and should have always been the front runner for this addition and all of you here know this so lets do our part to make sure it happens! Comment away! |
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pikuchato
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March 21, 2014, 04:11:22 PM
Last edit: March 21, 2014, 04:53:14 PM by pikuchato |
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Can I suggest something? If we choose to hard fork in order to make block halving, why not use this chance in order to switch to an anti asic algorithm? like scrypt n or jane? Please reply for this I think this is a great idea with all those upcoming asics, soon many miners will leave the regular scrypt coins in my opinion. Scrypt was made in order to resist asics, just a reminder |
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NorrisK
Legendary
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Activity: 1946
Merit: 1007
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March 21, 2014, 05:04:46 PM |
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remember asics are not neccesairily a bad thing. they help secure the blockchain and make it harder to do a 51% attack.
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1Kb
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March 21, 2014, 05:11:54 PM |
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remember asics are not neccesairily a bad thing. they help secure the blockchain and make it harder to do a 51% attack.
Asics are not a bad thing. The only important question i can raise is whether you want NobleCoin to be available for the common user? By that I refer to the high hashrates required to mine bitcoins. My opinion would be that those high hashrates are only for the wealthy people and do not match the intentions of NobleCoin. |
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pikuchato
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March 21, 2014, 05:12:36 PM |
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remember asics are not neccesairily a bad thing. they help secure the blockchain and make it harder to do a 51% attack.
Asics are not a bad thing. The only important question i can raise is whether you want NobleCoin to be available for the common user? By that I refer to the high hashrates required to mine bitcoins. My opinion would be that those high hashrates are only for the wealthy people and do not match the intentions of NobleCoin. +1 sir! that it what I was trying to say with my bad english |
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CryptAxe
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March 21, 2014, 05:38:39 PM |
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Posted in the VoS thread hopefully they can bring in some more volume!  |
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jamieb81
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March 21, 2014, 05:52:19 PM |
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remember asics are not neccesairily a bad thing. they help secure the blockchain and make it harder to do a 51% attack.
Asics are not a bad thing. The only important question i can raise is whether you want NobleCoin to be available for the common user? By that I refer to the high hashrates required to mine bitcoins. My opinion would be that those high hashrates are only for the wealthy people and do not match the intentions of NobleCoin. I agree 100% on this, seems now only the fortunate can afford the miners that are coming out soon, I certainly cannot pull out 5000 or 10.000$ or more just to have the pleasure to mine. I dont see the mining only as $$ making but also as a hobby and something entertaining. I can afford gridseeds but what if these become obsolete already with the outcome of MH TH PTH miners that cost a fortune then us "little ones" wont be able to participate in any of this no more, except trading and that's not that fun imho |
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james6546
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March 21, 2014, 06:27:07 PM |
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remember asics are not neccesairily a bad thing. they help secure the blockchain and make it harder to do a 51% attack.
Asics are not a bad thing. The only important question i can raise is whether you want NobleCoin to be available for the common user? By that I refer to the high hashrates required to mine bitcoins. My opinion would be that those high hashrates are only for the wealthy people and do not match the intentions of NobleCoin. I agree 100% on this, seems now only the fortunate can afford the miners that are coming out soon, I certainly cannot pull out 5000 or 10.000$ or more just to have the pleasure to mine. I dont see the mining only as $$ making but also as a hobby and something entertaining. I can afford gridseeds but what if these become obsolete already with the outcome of MH TH PTH miners that cost a fortune then us "little ones" wont be able to participate in any of this no more, except trading and that's not that fun imho I wouldn't have thought this as alternate scrypt mining can be a pain, but it is a good point. The way BTC has gone is that only big corps can mine it and I wouldn't want the big corps to be the main holders |
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Hueristic
Legendary
Offline
Activity: 3850
Merit: 5030
Doomed to see the future and unable to prevent it
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March 21, 2014, 06:44:31 PM |
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Just sold 4 or 5 days of doge and bought noble. Got new R9-270 today and trying to get it to run off of a PCI slot (YUP that's right). I have drivers installed and Miner recognizing card but refused to hash so far.  May be the mobo. Probably because It's a winblows machine. I may have to go Linux. Heading back to play with it some more. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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jamieb81
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March 21, 2014, 06:49:17 PM |
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Just sold 4 or 5 days of doge and bought noble. Got new R9-270 today and trying to get it to run off of a PCI slot (YUP that's right). I have drivers installed and Miner recognizing card but refused to hash so far. May be the mobo. Probably because It's a winblows machine. I may have to go Linux. Heading back to play with it some more. don't see why windows is the problem, alot are runing windows on their rigs |
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CryptAxe
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March 21, 2014, 06:49:48 PM |
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Just sold 4 or 5 days of doge and bought noble. Got new R9-270 today and trying to get it to run off of a PCI slot (YUP that's right). I have drivers installed and Miner recognizing card but refused to hash so far. May be the mobo. Probably because It's a winblows machine. I may have to go Linux. Heading back to play with it some more. Do you have a dummy plug or video cable plugged in? Edit: Also do you mean an actual PCI slot or PCI-E? |
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Hueristic
Legendary
Offline
Activity: 3850
Merit: 5030
Doomed to see the future and unable to prevent it
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March 21, 2014, 07:31:48 PM |
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don't see why windows is the problem, alot are runing windows on their rigs
Winblows OS/drivers are smarter than you. Didn't you know that?  Do you have a dummy plug or video cable plugged in?
Edit: Also do you mean an actual PCI slot or PCI-E?
Yes tried hdmi,db-15 and dummy. And yes Actual PCI slot.  I'll post how when I get it sorted. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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TN5
Member
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Activity: 119
Merit: 10
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March 21, 2014, 08:22:39 PM |
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don't see why windows is the problem, alot are runing windows on their rigs
Winblows OS/drivers are smarter than you. Didn't you know that? Do you have a dummy plug or video cable plugged in?
Edit: Also do you mean an actual PCI slot or PCI-E?
Yes tried hdmi,db-15 and dummy. And yes Actual PCI slot. I'll post how when I get it sorted. What's up dude, I don't know if this helps with your problem but in PCI-E slot and with R9 290's I don't need any dummy plugs. Just install MSI Afterburner and turn off the card power saving mode ( I don't remember the name ) it's in the Afterburner settings. Save settings, restart computer and then the cards don't go off. I have also turned off the Crossfire mode in the Catalyst Control Center. edit. "Disable ULPS" is the power saving mode for the cards http://i1-win.softpedia-static.com/screenshots/MSI-Afterburner_9.png?1388734118 |
Noblecoin
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Hueristic
Legendary
Offline
Activity: 3850
Merit: 5030
Doomed to see the future and unable to prevent it
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March 21, 2014, 08:35:11 PM |
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don't see why windows is the problem, alot are runing windows on their rigs
Winblows OS/drivers are smarter than you. Didn't you know that? Do you have a dummy plug or video cable plugged in?
Edit: Also do you mean an actual PCI slot or PCI-E?
Yes tried hdmi,db-15 and dummy. And yes Actual PCI slot. I'll post how when I get it sorted. What's up dude, I don't know if this helps with your problem but in PCI-E slot and with R9 290's I don't need any dummy plugs. Just install MSI Afterburner and turn off the card power saving mode ( I don't remember the name ) it's in the Afterburner settings. Save settings, restart computer and then the cards don't go off. I have also turned off the Crossfire mode in the Catalyst Control Center. edit. "Disable ULPS" is the power saving mode for the cards http://i1-win.softpedia-static.com/screenshots/MSI-Afterburner_9.png?1388734118Thx man. No Pci-e issues though. right now I'm running on 4 modified 1x extension cables on a 939 dfi lanparty. It only has 2 16x 1 1x and 1 4x pci-e lane though so I'm trying to use the pci slots as well. after that I may se about splitting the pci-e lanes but from my research there is only 1 passive adapter board and it may be board specific. The cost of active lane splitting is prohibitive compared to board replacement. I've modded the card bioses to .968v and after getting all this up and running I have a few idea's about lowering that as well. I'll give the disable ulps option a shot and remove the resistors and check to see if it works while I'm at it on the r9-270's. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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