NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS

[pikuchato]

What about groestl ?
With or without POS.


X11 is shady as fuck, I bet FPGA ASIC miners are already exist (If you ask me they were there since day 1).

[james6546]

I don't think changes to the algo are necessary at the moment and that the only effect it would have is to make the coin look weak and that it wasn't designed correctly.

I like the idea of having different coins all under the Noble brand that all have different properties, such as PoS, X11 etc..

Then I guess whichever coin has most merit will be the one that people decide to trade with.

[Rofo]

This is technology.

Technology evolves...rapidly

Crypto will continue to evolve....rapidly

Just like in business, Cryptos that embrace this change will survive and grow.

I'm not going to flame, but why can't this rapidly evolving technology that needs to be embraced apply to ASICs?

[1Kb]

This is technology.

Technology evolves...rapidly

Crypto will continue to evolve....rapidly

Just like in business, Cryptos that embrace this change will survive and grow.

That MY opinion anyway.

I'm sure there will be others here that don't believe this and flame me for stating the obvious.

X11 or PoS, unless you can think outside the box and really come up with a NEW game changing technology or feature.

I disagree.

[Zebedee23]

I dont know if its the future, but its one of the few I like, but I'm a holder and will be that for sometime

I think Noblecoin devs should look at forking to X11. The perception is that the new powerful asics 300mh will wreak havok on scrypt coins and "they" may be right this time. X11 is not a fad. It's what ppl want to invest in.

If you successfully forked to X11 coin prices would no doubt rise because people perceive X11 as superior, and they want to continue mining with their GPU's. In a couple months you wont be able to mine Noblecoin with a GPU.

EDIT: I'm not down on Noblecoin, I hold a good bit, and think this is one of the few coins that has a chance long term. Noblecoin has a terrific community and dev team, but I also think innovation is necessary.

Be vary wary!!! Particle announced switching to X11 POS and the price subsequently halved!!!!

[kresu]

Come on!

Dust off your unprofitable rigs, turn it ON!
(I just did, again on Charity Pool)

Or rent some hashes! (I'm looking into it right now).

EDIT: OR (the best option IMHO) Order some ZEUS ASIC, starting from $200! (Waiting for a paycheck......)

Well, I just came up onto the idea of creating a "tips jar"
for renting some hashes during such dark times.... thoughts?

[pikuchato]

Come on!

Dust off your unprofitable rigs, turn it ON!
(I just did, again on Charity Pool)

Or rent some hashes! (I'm looking into it right now).

EDIT: OR (the best option IMHO) Order some ZEUS ASIC, starting from $200! (Waiting for a paycheck......)

Well, I just came up onto the idea of creating a "tips jar"
for renting some hashes during such dark times.... thoughts?

How about a tip jar + renting scrypt mining power + paying back noble coins to the donators (by percentage donated)?
Everybody wins  

I will donate(buy) some - its like buying noble with mining power instead of regular trade market and should be more or less the same price.

But anyway we need to find a fix for the long term.

EDIT: Maybe we can even start a mining promotion? We can use some of the market place discount coins? block finder bonus or pplns bonus ?

[kresu]

Yeah, I think the perfect fix, for the long term, would be having 1000+ ppl in the community, each one with 5 MH ASIC .

[coin-table]

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[kresu]

(edit: yes, exactly, I'm also talking about promotion, but I mean purchasing a REAL hardware to support NOBL long-term

----
I'm thinking how to support those users who want to dedicate to mining NOBL with a new ASIC.

How to facilitate the purchase?

Maybe the Marketplace working as a reseller of Zeus ASIC?
(or another ASIC beeing shipped, but should possibly be modular and cheap — a Blizzard for $200 looks good to me)

Maybe a big discount (or a discount at all) in return for a promise of mining only NOBL for the next 1 month (or something like that)?
Such a discount should be applied AFTER the period of dedicated mining, not before, I think, so it will look like a "partial return" of the purchase cost. If it it will be just a discount, I don't see a way to avoid the clever buyers, who will just purchase the unit and sail away.


I know, the one and only incentive should be the dev, the coin and the community, but you know, it looks like almost everyone is running in all directions looking for a profit. Such a difficult time to gather new attention and new people, I think... But in the meantime we have to support the blockchain with more mining power, a little more dedication at the moment, because just watching from a side and talking seems to be not enough.

If we, Noble miners, won't switch to asics, very soon we will be dinosaurs. (= extinction) Am I wrong?

Edit2: Also, a quick calculation: my old rig 670 kH/s (1x7950) I can sell for $500 or even more (bought for $700).
It allows me to buy 2-3 Zeus Blizzards, in total 2.4-3.6 MH. Which means ability to support the NobleCoin network with 4x - 6x more power, basically without any cost. Show me an error in this reasoning.

[pikuchato]

I'm thinking how to support those users who want to dedicate to mining NOBL with a new ASIC.

[..] it looks like almost everyone is running in all directions looking for a profit. Such a difficult time to gather new attention and new people [..]

Those quick profits comes from pure ponzi schemes, and like every ponzi scheme it can't run forever - suckers will run out of money.

A usual noob needs to get burned at least one time in order to understand the true real value of a virtual coin, so let them play I am not worried.

My teacher was MZC btw 
 

[voephilis]

My teacher was MZC btw  
 
 

[hellscabane]

Frankly, Noblecoin is in quite the precarious situation. Unlike a lot of coins with “low” network hashrates, Noblecoin actually has a lot of infrastructure. It sounds like it is time to further the security of the network, but it’s a tricky thing because you can’t really trust a lot of the things in this scene. One of the biggest issues is how to entrust mining security to random miners who are usually in this for profit. With the advent of ASICs, it’ll keep being harder and harder unless there are key supporters that can carry the “burden” of mining (after all, one farm of ASICs can easily cause a lot of issues). There are so many other intricacies with regards to this situation, but the path forward is quite unclear. However, once you decide on the path forward regarding solving this security issue, it’s paramount that the team and the community stick with it.

As a note (assuming you haven’t already done so; after all, the team usually seems to be on top of things), you may want to look at how Terracoin (TRC) dealt with the ASIC issue when SHA-256 ASICs (i.e. Avalons) first started coming out. Although, the issue was for something quite different (abuse of the highly adaptive difficulty algorithm), they took steps to further their network security while maintaining their listing on BTC-e with minimal impact in the long run. The team might be able to glean something worthwhile by looking at TRC as a case study.

[kresu]

Great, about the Wolimierz Station and the Playground project:

- first batch of 78,77 PLN has been sent

We are now a "supporter":
https://polakpotrafi.pl/projekt/plac/wspieraja

I'm not sure yet how to check the balance (already donated amount) but I'm pretty sure they said that you can "top-up" the donation, i.e change the reward afterwards.

I'm planning to describe every detail here:

http://www.simplynoble.net/wolimierz/

I wonder if you, the community, demand more proof from my side?
NOBL->BTC transaction you can see directly on an exchange, but BTC->PLN needs an account on another exchange (bitcurex).
(Ultimately - sending thje PLN to crowdfunding platform - I can look for the wire transfer confirmations for example, as I'm using my private account to send the funds).

[adam1230]

Is the blockchain still broken? Poolerino is still not paying out anything. Should we continue to mine?

[1Kb]

It is funny to see the amount of anonimity coins popping up.

[nanoprobe]

These lies about not being able to mine with a GPU once asics come is straight garbage, that's exactly what pools are for. Not to be harsh on you

Scrypt asics will do to scrypt exactly what asics did to BTC. They will drive up the difficulty to high and render all but the large GPU farms useless. Eventually the large farms will die out too when you can't mine enough to be profitable. JMHO

[nanoprobe]

Edit2: Also, a quick calculation: my old rig 670 kH/s (1x7950) I can sell for $500 or even more (bought for $700).

Highly unlikely. As the asics arrive your GPU value will go down. I can buy 7970s for $200 ATM

[Hueristic]

Not quite. Someone builds a separate private chain with enough hashpower to ensure it will ultimately be longer than our current public one. They send a transaction from our current chain to an exchange, dump it and withdraw the BTC. Once it's all said and done they unload their longer, private chain onto the network which doesn't have the original deposit so it's as if it never happened and they keep their NOBL. They've already received their BTC, so by that time it's too late to protect the exchange. All the orphans are a result of our current public chain being overwritten by the privately built one when it's unloaded on to the network.

I know I sounds like a broken record.ASIC is fucking us,

This is technology.

Technology evolves...rapidly

Crypto will continue to evolve....rapidly

Just like in business, Cryptos that embrace this change will survive and grow.

I'm not going to flame, but why can't this rapidly evolving technology that needs to be embraced apply to ASICs?

Because it is far too cheap to acquire massive hash with them.

I'll give you one guess where the hash is coming from to create the longer chain?

AFA X11 FPGA is most certainly either here or will be soon.

we need an algo with a high Mem prerequisite.

On the bright side just got back and won at casino.

[kresu]

Edit2: Also, a quick calculation: my old rig 670 kH/s (1x7950) I can sell for $500 or even more (bought for $700).

Highly unlikely. As the asics arrive your GPU value will go down. I can buy 7970s for $200 ATM

OK, then $400 for 7950 + mobo, PSU, 6-core AMD It's a fully functional gaming desktop with decent graphics. Let me just find some old HDD... now running from USB stick.