jl777
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Activity: 1176
Merit: 1132
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February 11, 2014, 07:45:49 PM |
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Is it completely impossible to eliminate the possibility for GPU mining?
Yeah, GPU miners rape coins and dump them. Look at what is happening to UTC at the moment. I bought in with the hopes of a surge only to have miners dump the coin to hell. Even with GPUs coming the gravity well will keep them from raping this coin. dont forget power costs. I think the GPU power costs will determine floor for market pricing. We can then use this to day trade  |
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jl777
Legendary
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Activity: 1176
Merit: 1132
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February 11, 2014, 07:47:51 PM |
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As far as I understand, once GPU mining is active it will instantly kill CPU mining and the majority would leave. The result is that mining gets more centralized - again, those who own GPU farms would rule. I don't see any advantages for the coin itself in this scenario.
Not if the devs make sure GPU are less than 4 times as fast as CPU |
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Queeq
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February 11, 2014, 07:56:30 PM |
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Not if the devs make sure GPU are less than 4 times as fast as CPU
It is likely they will try to squeeze all they can out of it instead of making GPUs "not so profitable". |
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AlexGR
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Activity: 1708
Merit: 1049
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February 11, 2014, 07:59:56 PM |
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It is possible that full-cpu or full-gpu approach is wrong for maximizing mining output for this coin. I think it may require a hybrid mining solution (GPGPU) where some tasks are better dealt by the CPU and some are handed over to the GPU, either through opencl or cuda.
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Queeq
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February 11, 2014, 08:02:14 PM |
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What is the reason for doing ASIC resistant coin and not GPU resistant? Both of them significantly rise mining entry level. GPUs less, ASICs more, but the result is the same: the majority could not afford mining on GPUs as they are too voracious, loud and expensive.
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aNTi-Vlact
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February 11, 2014, 08:07:55 PM |
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As far as I understand, once GPU mining is active it will instantly kill CPU mining and the majority would leave. The result is that mining gets more centralized - again, those who own GPU farms would rule. I don't see any advantages for the coin itself in this scenario.
Not if the devs make sure GPU are less than 4 times as fast as CPU I would like to see this stay as a CPU only coin. I don't know all the ins and outs of keeping it that way forever, but if GPU happens it happens. I can handle swapping over. But I do rather enjoy this coin as it is now. There is more competition I think. More people upgrade GPU vs CPU. This is the advantage to this I coin in my eyes. Once GPU starts to happen gamers and/or hoarders might start mining and out do the CPU miners. When it comes to power consumption on the GPUs, not everyone has a high rate and there are those that have power included in their rent. |
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matt608
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February 11, 2014, 08:08:51 PM |
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As far as I understand, once GPU mining is active it will instantly kill CPU mining and the majority would leave. The result is that mining gets more centralized - again, those who own GPU farms would rule. I don't see any advantages for the coin itself in this scenario.
Not if the devs make sure GPU are less than 4 times as fast as CPU I would like to see this stay as a CPU only coin. I don't know all the ins and outs of keeping it that way forever, but if GPU happens it happens. I can handle swapping over. But I do rather enjoy this coin as it is now. There is more competition I think. More people upgrade GPU vs CPU. This is the advantage to this I coin in my eyes. Once GPU starts to happen gamers and/or hoarders might start mining and out do the CPU miners. When it comes to power consumption on the GPUs, not everyone has a high rate and there are those that have power included in their rent. Doesn't CPU only mining create a botnet problem? |
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blaaaaacksuit
Sr. Member
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Activity: 280
Merit: 250
Who cares?
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February 11, 2014, 08:13:04 PM |
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What is the reason for doing ASIC resistant coin and not GPU resistant? Both of them significantly rise mining entry level. GPUs less, ASICs more, but the result is the same: the majority could not afford mining on GPUs as they are too voracious, loud and expensive.
Which is what makes the coin scarce, and hence, at least partially, more valuable. |
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Queeq
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February 11, 2014, 08:13:31 PM |
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Doesn't CPU only mining create a botnet problem?
Does GPU mining really eliminate it? |
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Queeq
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February 11, 2014, 08:16:39 PM |
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What is the reason for doing ASIC resistant coin and not GPU resistant? Both of them significantly rise mining entry level. GPUs less, ASICs more, but the result is the same: the majority could not afford mining on GPUs as they are too voracious, loud and expensive.
Which is what makes the coin scarce, and hence, at least partially, more valuable. Not scarce as emission rate is steady. May be more valuable due to higher generation cost. |
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heskey
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February 11, 2014, 08:21:36 PM |
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If it's possible to get GPU's going for this coin, we will eventually end up there anyway. Let the coin go free and adapt to whatever direction it takes. One thing is for sure, asics won't be here in a long time.
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bigrcanada
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February 11, 2014, 08:29:02 PM
Last edit: July 11, 2015, 07:21:41 PM by mprep |
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It is possible that full-cpu or full-gpu approach is wrong for maximizing mining output for this coin. I think it may require a hybrid mining solution (GPGPU) where some tasks are better dealt by the CPU and some are handed over to the GPU, either through opencl or cuda.
I think this is something that needs to looked at and addressed. There should be rules now while this is new and differentiate this in every way and angle vs other coins. GPGPU is one way...I'll leave this to those more knowledgeable then I but I think we stand to gain much by setting those parameters in stone now. IMHO... |
Proud lifetime DASH Foundation Member | First Brick & Mortar DASH Merchant | Please visit DASH.org or DASHtalk.org for a list of merchants and information.
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blaaaaacksuit
Sr. Member
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Activity: 280
Merit: 250
Who cares?
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February 11, 2014, 08:31:26 PM |
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As far as I understand, once GPU mining is active it will instantly kill CPU mining and the majority would leave. The result is that mining gets more centralized - again, those who own GPU farms would rule. I don't see any advantages for the coin itself in this scenario.
Whats wrong with that? Participation. GPU: A bunch of miners get all the benefits of mining. Earnings are shared among just a few people. CPU: The benefits are spread among thousand of users. Even average Joe with low-end has the opportunity to make small earnings. I think this would hurt the value more and more in the long run, why buy coins when you could just mine them. Would anyone buy bitcoins today if they could just mine them? Trust me, I'd like to mine a few more before they become unreachable (I dont have a video card to mine with) but this is just the natural progression of things. Everything in this universe moves because of imbalance. Hell, thats even how you get electrons to move through a copper wire! |
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TanteStefana
Full Member
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Activity: 280
Merit: 100
The Future Of Work
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February 11, 2014, 08:33:50 PM |
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As far as I understand, once GPU mining is active it will instantly kill CPU mining and the majority would leave. The result is that mining gets more centralized - again, those who own GPU farms would rule. I don't see any advantages for the coin itself in this scenario.
It's inevitable. in a few years we may even have ASICs The coin was designed to slow things down, not eliminate the possibilities (as I originally thought myself) The Developer wants DarkCoin to follow a similar lifespan as bitcoin. |
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Queeq
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February 11, 2014, 08:39:43 PM |
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I think this would hurt the value more and more in the long run, why buy coins when you could just mine them. Would anyone buy bitcoins today if they could just mine them? Trust me, I'd like to mine a few more before they become unreachable (I dont have a video card to mine with) but this is just the natural progression of things. Everything in this universe moves because of imbalance. Hell, thats even how you get electrons to move through a copper wire!
It would not hurt value as mining would be so widespread that mining on 1-2-3 computers would not give much profit, but rather will give the ability to spend some coins without being involved in currency exchange. There would always be people interested in buying coins instead of mining them. Moreover, the more miners around, the more stable market price. And that is the important part of mature currency. |
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Queeq
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February 11, 2014, 08:46:06 PM |
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It's inevitable. in a few years we may even have ASICs The coin was designed to slow things down, not eliminate the possibilities (as I originally thought myself) The Developer wants DarkCoin to follow a similar lifespan as bitcoin.
The Developer(s) are open to the community as far as I see. I guess we need some experienced economists to evaluate what effect would sparser but larger sources of coins have as opposed to more dense and smaller sources. |
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TanteStefana
Full Member
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Activity: 280
Merit: 100
The Future Of Work
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February 11, 2014, 08:47:58 PM |
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DaFockBro
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February 11, 2014, 08:53:05 PM |
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WATCHING  |
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blaaaaacksuit
Sr. Member
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Activity: 280
Merit: 250
Who cares?
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February 11, 2014, 08:53:22 PM |
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Think you need to get set up with payeer for that. |
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Dusty11
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February 11, 2014, 09:02:51 PM |
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Buy btc somewhere and transfer it to C-Cex but I'd wait for the price drop when gpu mining is implemented |
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