Bitcoin Forum
May 03, 2024, 07:23:45 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 [1412] 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433 1434 1435 1436 1437 1438 1439 1440 1441 1442 1443 1444 1445 1446 1447 1448 1449 1450 1451 1452 1453 1454 1455 1456 1457 1458 1459 1460 1461 1462 ... 1832 »
  Print  
Author Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit  (Read 3055610 times)
Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 10, 2016, 01:44:48 PM
 #28221

When will the latest Myriad update be done for DigiByte? Swapping of algos and code base update.
who said we were doing that?

Do you really want to support Qubit ASICs? Qubit is an unpopular cousin of X11. The X11 ASIC market is already dominated by a couple of big players who are 'testing' their equipment till the difficulty shoots up and jacking up the prices of their hardware. I'm not criticising them for it. It's the name of the game. But realise how bad this is for DigiByte. Any X11 ASIC maker could easily support Qubit with practically no additional cost to them. The result is that the security of anything Qubit mined is now basically a subset of the security of X11 coins. That is, it's weak and highly centralised.

Yes, DGB is multi-algo, so the effect of this is mitigated. But with DGB's high inflation, do you really want 20% of all block rewards being instadumped at ANY price? That is what's going to happen.

I'm not trying to be antagonistic here. I've changed my stance on these matters lately. The more multi-algo coins, the merrier.
Thank you for bringing this to the communities attention.  This is the first we have heard of these ASICS.  Do you have any reading material on this?  We are looking into our own unique algorithm that with be GPU, CPU friendly.

http://www.baikalminer.com/products.asp
The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldn’t like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I don’t see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714721025
Hero Member
*
Offline Offline

Posts: 1714721025

View Profile Personal Message (Offline)

Ignore
1714721025
Reply with quote  #2

1714721025
Report to moderator
1714721025
Hero Member
*
Offline Offline

Posts: 1714721025

View Profile Personal Message (Offline)

Ignore
1714721025
Reply with quote  #2

1714721025
Report to moderator
1714721025
Hero Member
*
Offline Offline

Posts: 1714721025

View Profile Personal Message (Offline)

Ignore
1714721025
Reply with quote  #2

1714721025
Report to moderator
myriadcoin
Full Member
***
Offline Offline

Activity: 209
Merit: 100


View Profile
August 10, 2016, 01:52:52 PM
 #28222

The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldn’t like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I don’t see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.

Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 10, 2016, 02:06:23 PM
 #28223

The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldn’t like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I don’t see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.

Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.
What do you do if say ‘google’ decide to mine MYR yes-scrypt? Your community has to get up and running very quickly to keep it distributed but there are plenty of organisations out there with enough computing power to take advantage of anything non ASIC, if they choose. Just saying...
myriadcoin
Full Member
***
Offline Offline

Activity: 209
Merit: 100


View Profile
August 10, 2016, 02:29:57 PM
 #28224

The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldn’t like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I don’t see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.

Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.
What do you do if say ‘google’ decide to mine MYR yes-scrypt? Your community has to get up and running very quickly to keep it distributed but there are plenty of organisations out there with enough computing power to take advantage of anything non ASIC, if they choose. Just saying...

So you're arguing for security by obscurity? Few people have Qubit ASICs, so DigiByte would be better secured by Qubit PoW...? Strictly speaking it wouldn't even really be obscurity. Google could of course afford to make enough Qubit ASICs to completely dominate the hash rate too, if they cared to.... But they wouldn't, because that's not their game, just as Google's game is not mining CPU coins either. I take your point that it's possible, but that's how it is with altcoins. Only Bitcoin, Ethereum, and Litecoin, possibly Dogecoin, are truly secure. Although, with their level of pool centralisation, even they are only secure so long as you trust the pool owners. I would say that Myriad, Digibyte, and Unitus are the most secure coins out there right now, relative to the value of their block rewards.... But their value is so small, that they certainly can't be secure against a theoretical rogue Google.

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
TamiLee
Hero Member
*****
Offline Offline

Activity: 637
Merit: 500


View Profile
August 10, 2016, 03:24:58 PM
 #28225

The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldn’t like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I don’t see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.

Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.
What do you do if say ‘google’ decide to mine MYR yes-scrypt? Your community has to get up and running very quickly to keep it distributed but there are plenty of organisations out there with enough computing power to take advantage of anything non ASIC, if they choose. Just saying...

So you're arguing for security by obscurity? Few people have Qubit ASICs, so DigiByte would be better secured by Qubit PoW...? Strictly speaking it wouldn't even really be obscurity. Google could of course afford to make enough Qubit ASICs to completely dominate the hash rate too, if they cared to.... But they wouldn't, because that's not their game, just as Google's game is not mining CPU coins either. I take your point that it's possible, but that's how it is with altcoins. Only Bitcoin, Ethereum, and Litecoin, possibly Dogecoin, are truly secure. Although, with their level of pool centralisation, even they are only secure so long as you trust the pool owners. I would say that Myriad, Digibyte, and Unitus are the most secure coins out there right now, relative to the value of their block rewards.... But their value is so small, that they certainly can't be secure against a theoretical rogue Google.

Great discussion and good to discuss these issues openly for better results.
Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 10, 2016, 04:58:07 PM
 #28226

The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldn’t like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I don’t see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.

Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.
What do you do if say ‘google’ decide to mine MYR yes-scrypt? Your community has to get up and running very quickly to keep it distributed but there are plenty of organisations out there with enough computing power to take advantage of anything non ASIC, if they choose. Just saying...

So you're arguing for security by obscurity? Few people have Qubit ASICs, so DigiByte would be better secured by Qubit PoW...? Strictly speaking it wouldn't even really be obscurity. Google could of course afford to make enough Qubit ASICs to completely dominate the hash rate too, if they cared to.... But they wouldn't, because that's not their game, just as Google's game is not mining CPU coins either. I take your point that it's possible, but that's how it is with altcoins. Only Bitcoin, Ethereum, and Litecoin, possibly Dogecoin, are truly secure. Although, with their level of pool centralisation, even they are only secure so long as you trust the pool owners. I would say that Myriad, Digibyte, and Unitus are the most secure coins out there right now, relative to the value of their block rewards.... But their value is so small, that they certainly can't be secure against a theoretical rogue Google.
I accept that Bitcoin and litecoin are secured by large amounts of mainly centralised hashing but I don’t know if I would say they were truly secure because of it. They are prohibitively expensive for someone new to make an attack on and the ultimate fear is that a government or powerful organisation may choose to deliberately disrupt the blockchain but you know what, I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees. I don’t know how truly decentralized etherium really is and I suspect we already have a rouge super computer or two in the mix. As far as I know, Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. That’s a friendly warning from my perspective. Doge also has practically an unlimited supply; I just can’t take it seriously at all as an investment that is. It may hold its current value for eternity!
Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 10, 2016, 10:45:39 PM
Last edit: August 11, 2016, 12:02:14 AM by Jumbley
 #28227

I don’t know but what happens to Myriad if more people continue to mine qubit than yes-scrypt.
Could we end up with Myriad and a Myriad Classic? Grin

https://bitcointalk.org/index.php?topic=483515.msg15883790#msg15883790
Kayahoga
Full Member
***
Offline Offline

Activity: 146
Merit: 100


View Profile
August 11, 2016, 12:58:34 AM
 #28228

I am glad the Qubit ASIC topic has come up again.  Ive been mining Qubit for ages and had to finally shut down my rig.  Around July 1st the asics were released and my profitability just tanked. 

I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement.  I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS. 
Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 11, 2016, 01:02:41 AM
Last edit: August 11, 2016, 01:12:54 AM by Jumbley
 #28229

I am glad the Qubit ASIC topic has come up again.  Ive been mining Qubit for ages and had to finally shut down my rig.  Around July 1st the asics were released and my profitability just tanked.  

I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement.  I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.  
why shut down rig? Why not re-task to another algorithm? If the mining isn't better for you elsewhere because your rig is so small, you can stay on Qubit like a true DigiByte knight.  Smiley
myriadcoin
Full Member
***
Offline Offline

Activity: 209
Merit: 100


View Profile
August 11, 2016, 01:54:43 AM
 #28230

Guys, let's rally together as DigiByte Knights and mine MYRIAD CLASSIC to send out a message that Immutability of blockchain is paramount. Get your Qubit ASIC today at baikalminer.com !!

Just joking. But anyway,

I accept that Bitcoin and litecoin are secured by large amounts of mainly centralised hashing but I don’t know if I would say they were truly secure because of it. They are prohibitively expensive for someone new to make an attack on and the ultimate fear is that a government or powerful organisation may choose to deliberately disrupt the blockchain but you know what, I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees. I don’t know how truly decentralized etherium really is and I suspect we already have a rouge super computer or two in the mix. As far as I know, Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. That’s a friendly warning from my perspective. Doge also has practically an unlimited supply; I just can’t take it seriously at all as an investment that is. It may hold its current value for eternity!

Just a couple of points I disagree on:

"I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees."

Yes... People don't see the need to attack coins with weak security. Better to just not invest in them, and not bother to mine them...

"Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. "

True, but at the same time, Bitcoin and Litecoin(+auxcoins) dominate the hash rate for their respective PoWs to such a degree that if you don't enable merged mining, your hash rate will likely be so low that a profit switching pool could easily jump on at any time and inflict the same damage. And in fact they will do that attack, not out of malice, but because it's profitable. Meanwhile with merged mining, yes, an attack would be 'free', but they would actually profit from mining it honestly (consistently), so why would they attack?

Besides, when you add multi-PoWs, the situation becomes different from ixcoin. If Scrypt gets attacked, the blocks keep coming from the other PoWs. The chain doesn't get stuck while we're waiting for the difficulty to come back down.

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
myriadcoin
Full Member
***
Offline Offline

Activity: 209
Merit: 100


View Profile
August 11, 2016, 02:29:22 AM
 #28231

Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other  Smiley

Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
Kayahoga
Full Member
***
Offline Offline

Activity: 146
Merit: 100


View Profile
August 11, 2016, 02:36:24 AM
 #28232

I am glad the Qubit ASIC topic has come up again.  Ive been mining Qubit for ages and had to finally shut down my rig.  Around July 1st the asics were released and my profitability just tanked.  

I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement.  I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.  
why shut down rig? Why not re-task to another algorithm? If the mining isn't better for you elsewhere because your rig is so small, you can stay on Qubit like a true DigiByte knight.  Smiley

I have looked at the others, Sha-256  / Scrypt / Qubit are out the window because of ASICS, Skein is incredibly power hungry and hard on my GPUs ( tons more heat, fans run alot harder ) and Groestl is possibly an option but it doesnt run as cool as qubit, uses more electricity, i cant undervolt as much for power efficiency, plus the difficulty is high enough that I cant cover my electricity bills. 


Id mine if i can at least cover the electricity bill but i shutdown the rig because if I mine i want to support Digibyte and right now it isnt worth it to use a very power hungry algo and its summer so I have a hard enough time cooling it as is. 
myriadcoin
Full Member
***
Offline Offline

Activity: 209
Merit: 100


View Profile
August 11, 2016, 02:45:18 AM
 #28233

I am glad the Qubit ASIC topic has come up again.  Ive been mining Qubit for ages and had to finally shut down my rig.  Around July 1st the asics were released and my profitability just tanked.  

I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement.  I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.  
why shut down rig? Why not re-task to another algorithm? If the mining isn't better for you elsewhere because your rig is so small, you can stay on Qubit like a true DigiByte knight.  Smiley

I have looked at the others, Sha-256  / Scrypt / Qubit are out the window because of ASICS, Skein is incredibly power hungry and hard on my GPUs ( tons more heat, fans run alot harder ) and Groestl is possibly an option but it doesnt run as cool as qubit, uses more electricity, i cant undervolt as much for power efficiency, plus the difficulty is high enough that I cant cover my electricity bills. 


Id mine if i can at least cover the electricity bill but i shutdown the rig because if I mine i want to support Digibyte and right now it isnt worth it to use a very power hungry algo and its summer so I have a hard enough time cooling it as is. 

Yep... Myr-Groestl is FPGA'd. Skein I don't know exactly, but these algos are designed to be friendly to specialised hardware. They're only profitable for some GPU miners because they're unpopular. All the GPUs are mining ETH/ETC now. I guess it would be smart to swap them both for a more modern GPU algo...

Myriad: the ORIGINAL and fairest distribution 5 algo coin, which I did not develop.
http://myriadcoin.org
NOT the Myriad developer. Just a fan.
Kayahoga
Full Member
***
Offline Offline

Activity: 146
Merit: 100


View Profile
August 11, 2016, 02:51:20 AM
 #28234

Skein uses about 80% TDP on my GPUS.  I think Scrypt was at 100% when i pushed them.  Either way, its the middle of summer here, wont be running skein until winter, even then its a toss up.  

I always thought there was specialized hardware for Groestl, turns out, i was right.  I kind of forgot it was a Sha-3 candidate.  Its cool reading some of the academic white papers on Groestl.  

Looks like Skein is the only algo that doesnt require specialized hardware =\. 
DGBforver
Full Member
***
Offline Offline

Activity: 127
Merit: 100



View Profile
August 11, 2016, 03:01:03 PM
 #28235

Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other  Smiley

Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.

I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.

The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.

I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.

Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 11, 2016, 03:21:37 PM
Last edit: August 11, 2016, 10:23:59 PM by Jumbley
 #28236

Guys, let's rally together as DigiByte Knights and mine MYRIAD CLASSIC to send out a message that Immutability of blockchain is paramount. Get your Qubit ASIC today at baikalminer.com !!

Just joking. But anyway,

I accept that Bitcoin and litecoin are secured by large amounts of mainly centralised hashing but I don’t know if I would say they were truly secure because of it. They are prohibitively expensive for someone new to make an attack on and the ultimate fear is that a government or powerful organisation may choose to deliberately disrupt the blockchain but you know what, I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees. I don’t know how truly decentralized etherium really is and I suspect we already have a rouge super computer or two in the mix. As far as I know, Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. That’s a friendly warning from my perspective. Doge also has practically an unlimited supply; I just can’t take it seriously at all as an investment that is. It may hold its current value for eternity!

Just a couple of points I disagree on:

"I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees."

Yes... People don't see the need to attack coins with weak security. Better to just not invest in them, and not bother to mine them...

"Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. "

True, but at the same time, Bitcoin and Litecoin(+auxcoins) dominate the hash rate for their respective PoWs to such a degree that if you don't enable merged mining, your hash rate will likely be so low that a profit switching pool could easily jump on at any time and inflict the same damage. And in fact they will do that attack, not out of malice, but because it's profitable. Meanwhile with merged mining, yes, an attack would be 'free', but they would actually profit from mining it honestly (consistently), so why would they attack?

Besides, when you add multi-PoWs, the situation becomes different from ixcoin. If Scrypt gets attacked, the blocks keep coming from the other PoWs. The chain doesn't get stuck while we're waiting for the difficulty to come back down.
I kind of see where you are coming from, I’m not so concerned about pools jumping for profit as I see that as legitimate business on the network and is an advantage to be taken by someone friendly or otherwise. It adds to overall network capacity so it should not pose a threat. Many professional miners do not hold the coins they mine because they see that as outside their remit anyway. Hard core supporters of a digital currency mine it even when it does not look profitable, because they understand that much of the time someone is trying to make it look unprofitable to make a profit.(DigiByte Knights)

Bitcoin or Litecoin unfortunately are so centralized today, that they could be seriously disrupted if not destroyed by military hardware, terrorists or even an accidental fire or flood. I’m sure this was never an original intention.

Because merge mining is predominantly pooled it is way more centralized, alternatively anyone solo mining actually adds a full node to support and strengthen the network(DigiByte Knights).

When a large amount of the mining is being done by machines predominantly mining something else, they are inclined to treat it as a bonus. At the same time individual miners are less likely to be attracted to mining your coin because of the competition and DigiByte is attempting to build a strong truly decentralized model.

Nobody can tell you right now, what we will in reality achieve because that will depend on whom and how many get on the bus.

Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 11, 2016, 03:31:45 PM
 #28237

Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other  Smiley

Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.

I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.

The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.

I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.
Seriously...we are not here to do battle with other blockchains, relax. Smiley Wink
TamiLee
Hero Member
*****
Offline Offline

Activity: 637
Merit: 500


View Profile
August 11, 2016, 03:37:57 PM
 #28238

Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other  Smiley

Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.

I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.

The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.

I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.
Seriously...we are not here to do battle with other blockchains, relax. Smiley Wink

Gulden is mainly for the Dutch where Digibyte is going for global usage with gaming adoption. I own both coins because they both have a good future.
Jumbley
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003



View Profile
August 11, 2016, 03:46:03 PM
 #28239

Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other  Smiley

Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.

I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.

The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.

I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.
Seriously...we are not here to do battle with other blockchains, relax. Smiley Wink

Gulden is mainly for the Dutch where Digibyte is going for global usage with gaming adoption. I own both coins because they both have a good future.

When Holland officially adopts crypto…. its global! Grin
CryptoJohn
Legendary
*
Offline Offline

Activity: 1680
Merit: 1003


Well, That's Crypto :-\


View Profile
August 13, 2016, 04:52:05 AM
 #28240

I am a fan of DGB, Myriad & Gulden.

Gulden is accepted in a good amount of shops, so they definitely have that going for them.

DGB has Jared which I agree is half the battle.

Myriad has a good team.

Buy them all.
Pages: « 1 ... 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 [1412] 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433 1434 1435 1436 1437 1438 1439 1440 1441 1442 1443 1444 1445 1446 1447 1448 1449 1450 1451 1452 1453 1454 1455 1456 1457 1458 1459 1460 1461 1462 ... 1832 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!