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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9688093 times)
Probleminfected
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February 11, 2014, 07:39:42 PM
 #1541



Should I avoid powercolor?

[/quote]
[/quote]


The one I'm using is a powercolor
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jl777
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February 11, 2014, 07:45:49 PM
 #1542

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 Smiley

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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February 11, 2014, 07:47:51 PM
 #1543

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

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Queeq
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February 11, 2014, 07:56:30 PM
 #1544

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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February 11, 2014, 07:59:56 PM
 #1545

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.


Queeq
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February 11, 2014, 08:02:14 PM
 #1546

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
 #1547

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.

DRK - XtBWLQg59NC74oAWf4cA8WNJ7oVHdLenWM
http://qoinpro.com/c8a74da12efdfdcfa9b3b4c19c2e8042
matt608
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February 11, 2014, 08:08:51 PM
 #1548

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?
blaaaaacksuit
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February 11, 2014, 08:13:04 PM
 #1549

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.
Queeq
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February 11, 2014, 08:13:31 PM
 #1550

Doesn't CPU only mining create a botnet problem?

Does GPU mining really eliminate it?

Python backtesting and bot script at Github
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Queeq
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February 11, 2014, 08:16:39 PM
 #1551

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.

Python backtesting and bot script at Github
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heskey
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February 11, 2014, 08:21:36 PM
 #1552

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
 #1553

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.
blaaaaacksuit
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February 11, 2014, 08:31:26 PM
 #1554

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!
TanteStefana
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February 11, 2014, 08:33:50 PM
 #1555

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.

█ ANN THREAD █
﹝Whitepaper﹞
【BLACKBOX OS】
The Future of Work. Decentralized.
TELEGRAM﹞﹝FACEBOOK
TWITTERYOUTUBE
Queeq
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February 11, 2014, 08:39:43 PM
 #1556

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.

Python backtesting and bot script at Github
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Queeq
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February 11, 2014, 08:46:06 PM
 #1557

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.

Python backtesting and bot script at Github
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TanteStefana
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February 11, 2014, 08:47:58 PM
 #1558

Can anyone tell me how I would go about depositing cash into C-CEX?  I have just a little bit (scraping $100 together) and want to buy a few more dark ;P  But I can't figure this out!  Please help me  Huh  Tongue  Cheesy

█ ANN THREAD █
﹝Whitepaper﹞
【BLACKBOX OS】
The Future of Work. Decentralized.
TELEGRAM﹞﹝FACEBOOK
TWITTERYOUTUBE
DaFockBro
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February 11, 2014, 08:53:05 PM
 #1559

WATCHING Shocked
blaaaaacksuit
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February 11, 2014, 08:53:22 PM
 #1560

Can anyone tell me how I would go about depositing cash into C-CEX?  I have just a little bit (scraping $100 together) and want to buy a few more dark ;P  But I can't figure this out!  Please help me  Huh  Tongue  Cheesy

Think you need to get set up with payeer for that.
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