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AdamT
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March 25, 2014, 04:40:34 PM |
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From one dev to another, go x11. asics by gridseed are literally selling out all over in 2 months all coins that hope to be GPU mined will need a new asic resistant algo. I've followed your coin for awhile, give your loyal ppl x11 algorithm and you can cut mining cost but maintain a great hashrate to secure the blockchain, its a win win.
This. Seems the scrypt ASICs will absolutely destroy most scrypt coins. Any coin wanting to stay around is going to need X11. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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bigc1984
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March 25, 2014, 04:57:19 PM |
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From one dev to another, go x11. asics by gridseed are literally selling out all over in 2 months all coins that hope to be GPU mined will need a new asic resistant algo. I've followed your coin for awhile, give your loyal ppl x11 algorithm and you can cut mining cost but maintain a great hashrate to secure the blockchain, its a win win.
This. Seems the scrypt ASICs will absolutely destroy most scrypt coins. Any coin wanting to stay around is going to need X11. Exactly. Dev already made the stupid announcement that the coin isn't switching from scrypt and the price crashed IMMEDIATELY |
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SCryptoMiners
Member
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Activity: 112
Merit: 10
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March 25, 2014, 05:08:58 PM |
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SCryptoMiners POT Poolhttp://pot.scryptominers.comOur pool has mined over 18,000,000 POT.2 POT block finder bonus.PPLNS (Pay Per Last N Shares) reward systemRound earnings credited after 40 confirms. All block transaction fees are passed along to miners. Minimum payout is 1 POT. We process payouts every 60 seconds. |
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Chronikka
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March 25, 2014, 05:17:23 PM |
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From one dev to another, go x11. asics by gridseed are literally selling out all over in 2 months all coins that hope to be GPU mined will need a new asic resistant algo. I've followed your coin for awhile, give your loyal ppl x11 algorithm and you can cut mining cost but maintain a great hashrate to secure the blockchain, its a win win.
This. Seems the scrypt ASICs will absolutely destroy most scrypt coins. Any coin wanting to stay around is going to need X11. Exactly. Dev already made the stupid announcement that the coin isn't switching from scrypt and the price crashed IMMEDIATELY By the time ASICs really become relevant for this coin (3+ months at least), we will already have 25% of scheduled coins in circulation. The added security of ASICs will be worth it by then. 100 million+ coins will be in circulation in just a couple months...buy coins directly if you don't want to get an asic. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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bigc1984
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March 25, 2014, 05:40:39 PM |
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From one dev to another, go x11. asics by gridseed are literally selling out all over in 2 months all coins that hope to be GPU mined will need a new asic resistant algo. I've followed your coin for awhile, give your loyal ppl x11 algorithm and you can cut mining cost but maintain a great hashrate to secure the blockchain, its a win win.
This. Seems the scrypt ASICs will absolutely destroy most scrypt coins. Any coin wanting to stay around is going to need X11. Exactly. Dev already made the stupid announcement that the coin isn't switching from scrypt and the price crashed IMMEDIATELY By the time ASICs really become relevant for this coin (3+ months at least), we will already have 25% of scheduled coins in circulation. The added security of ASICs will be worth it by then. 100 million+ coins will be in circulation in just a couple months...buy coins directly if you don't want to get an asic. There is no added security quite the opposite actually. It's going to open the coin up to being 51% attacked. Most of the people purchasing asics are doing so to mine ltc and have no interest in holding other coins long term, they will simply mine them to dump them. And since the majority of the ASIC users aren't going to be loyal potcoin holders, there is a good chance they will take all that hash power and use it to attack the blockchain. Buy coins directly? So you admit ASICs at the very least will take the mining power out of the hands of the average user and centralize it to huge private corporations. Sounds like the US dollar and the federal reserve all over again. "POT"coin should be one of the first to make adjustments to fight against centralization considering the motive. |
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Chronikka
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March 25, 2014, 05:56:29 PM |
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From one dev to another, go x11. asics by gridseed are literally selling out all over in 2 months all coins that hope to be GPU mined will need a new asic resistant algo. I've followed your coin for awhile, give your loyal ppl x11 algorithm and you can cut mining cost but maintain a great hashrate to secure the blockchain, its a win win.
This. Seems the scrypt ASICs will absolutely destroy most scrypt coins. Any coin wanting to stay around is going to need X11. Exactly. Dev already made the stupid announcement that the coin isn't switching from scrypt and the price crashed IMMEDIATELY By the time ASICs really become relevant for this coin (3+ months at least), we will already have 25% of scheduled coins in circulation. The added security of ASICs will be worth it by then. 100 million+ coins will be in circulation in just a couple months...buy coins directly if you don't want to get an asic. There is no added security quite the opposite actually. It's going to open the coin up to being 51% attacked. Most of the people purchasing asics are doing so to mine ltc and have no interest in holding other coins long term, they will simply mine them to dump them. And since the majority of the ASIC users aren't going to be loyal potcoin holders, there is a good chance they will take all that hash power and use it to attack the blockchain. Buy coins directly? So you admit ASICs at the very least will take the mining power out of the hands of the average user and centralize it to huge private corporations. Sounds like the US dollar and the federal reserve all over again. Yes there is always added security in increased hash power. They also generate less heat and consume far less energy. As for the comment about the average person being excluded by ASICs, its just wrong. The average person doesn't own a GPU farm. The average user can't afford or aren't even capable of drawing that amount of power from their residence. Go ahead you try and run a 7-8 mh/s gpu rig out of your apartment. Heat and electricity are the bane of my existence. I have been threatened by both my apartment management group and the electric company. I give them a great big middle finger every time but I know I'm not the only one having these problems. ASICs make it possible for the average guy (ME!) to have a reasonable level of hash power and not burn the apartment complex down. Just like the block erupters were before, these new ones are competitively priced to GPUs. Just invest in an asic and sell your gpu/cpu mining farms. Nobody is going to take a network seriously when its secured by GPUs running out of milk crates in people's basements. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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Viceroy
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March 25, 2014, 06:05:28 PM |
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From one dev to another, go x11. asics by gridseed are literally selling out all over in 2 months all coins that hope to be GPU mined will need a new asic resistant algo. I've followed your coin for awhile, give your loyal ppl x11 algorithm and you can cut mining cost but maintain a great hashrate to secure the blockchain, its a win win.
This. Seems the scrypt ASICs will absolutely destroy most scrypt coins. Any coin wanting to stay around is going to need X11. Or some other ASIC hostile algorithm. |
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flipme
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March 25, 2014, 06:15:48 PM |
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Oh, now its the argument of safety for the blockchain.
Sounds like the usual fear mongering. Suddenly the blockchains are in danger, without ASICs.
Altcoins were just fine without ASICs. Bitcoin would be much better off without them.
Why should I throw my money at a bunch of elite wankers trying to take another business over, if it's avoidable?
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Viceroy
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March 25, 2014, 06:21:55 PM |
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You shouldn't. You should bale on all sha and scrypt coins (except perhaps bitcoin itself)
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Chronikka
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March 25, 2014, 06:22:20 PM |
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Oh, now its the argument of safety for the blockchain.
Sounds like the usual fear mongering. Suddenly the blockchains are in danger, without ASICs.
Altcoins were just fine without ASICs. Bitcoin would be much better off without them.
Why should I throw my money at a bunch of elite wankers trying to take another business over, if it's avoidable?
The same reason you threw your money at a gpu. A gridseed unit costs $160 and hashes at 350 kh/s w/ power use: 7 Watts An R9 270 GPU costs $200 and hashes at 450 kh/s w/ power use: 150 watts You decide. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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bigc1984
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March 25, 2014, 06:29:31 PM |
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Oh, now its the argument of safety for the blockchain.
Sounds like the usual fear mongering. Suddenly the blockchains are in danger, without ASICs.
Altcoins were just fine without ASICs. Bitcoin would be much better off without them.
Why should I throw my money at a bunch of elite wankers trying to take another business over, if it's avoidable?
The same reason you threw your money at a gpu. A gridseed unit costs $160 and hashes at 350 kh/s w/ power use: 7 Watts An R9 270 GPU costs $200 and hashes at 450 kh/s w/ power use: 150 watts You decide. I don't think we are going to agree, so I will change the subject. I am interested in the harassment from your apartment management and electric company. What have they told you? I wouldn't be surprised if some people have been raided because they thought they had a huge grow op. |
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Chronikka
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March 25, 2014, 06:42:43 PM |
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I don't think we are going to agree, so I will change the subject. I am interested in the harassment from your apartment management and electric company. What have they told you? I wouldn't be surprised if some people have been raided because they thought they had a huge grow op.
During peak summer times the building struggles to keep cool and then everybody cranks the A/C up. When I had my GPUs running it would be too much current for the building and throw a circuit breaker. Needless to say, my neighbors were not happy. I moved in to that place because it was supposedly renovated. Turns out they did everything but the electrical system and even just a few extra KW is too much. Great. Anyways the electric company didn't so much as threaten me as ask me to reduce my consumption to avoid brown outs. I sold off some of my GPUs to get down to a level where I'm not tripping the breaker, but they still bother me about it every month. I will be going the ASIC route very soon. Gridseed was the first but many more will be coming this Summer. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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dogechode
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March 25, 2014, 06:50:07 PM |
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A gridseed unit costs $160 and hashes at 350 kh/s w/ power use: 7 Watts
An R9 270 GPU costs $200 and hashes at 450 kh/s w/ power use: 150 watts
You decide.
Is this accurate? I thought gridseeds had a much higher initial cost, and you had to buy a crapload of them to equal 1 graphics card worth of hashing power. |
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flipme
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March 25, 2014, 07:20:03 PM |
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I don't think we are going to agree, so I will change the subject. I am interested in the harassment from your apartment management and electric company. What have they told you? I wouldn't be surprised if some people have been raided because they thought they had a huge grow op.
During peak summer times the building struggles to keep cool and then everybody cranks the A/C up. When I had my GPUs running it would be too much current for the building and throw a circuit breaker. Needless to say, my neighbors were not happy. I moved in to that place because it was supposedly renovated. Turns out they did everything but the electrical system and even just a few extra KW is too much. Great. Anyways the electric company didn't so much as threaten me as ask me to reduce my consumption to avoid brown outs. I sold off some of my GPUs to get down to a level where I'm not tripping the breaker, but they still bother me about it every month. I will be going the ASIC route very soon. Gridseed was the first but many more will be coming this Summer. ! I don't believe your story. Give me a break. It's all to clear why and who you are advocating here. Once you, the average Joe, will eventually receive your Gridseed devices, they will be already outdated. After some long, long postponed delivery. And the right figure is 2,425.00 $ for 3 Mhash and all sold out. And you will be very disappointed how cheap they are manufactured. Be careful not to brake them already, when unpacking them. And no, they won't do X11. You will end up having bought some very expensive fans. You can spend your days mining Flappycoin then, because everything of value will have switched to better math. You're a LIAR, bootlicking for the elite. |
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Sardine
Newbie
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March 25, 2014, 07:25:12 PM |
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Most of the people purchasing asics are doing so to mine ltc and have no interest in holding other coins long term, they will simply mine them to dump them.
GPU owners are already mining and dumping potcoins. ASIC's are the least of potcoin's problems right now. potcoin needs good news. As long as there is no new good news, greedy gpu miners will continue to mine and dump. |
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Sardine
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Activity: 33
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March 25, 2014, 07:34:32 PM |
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A gridseed unit costs $160 and hashes at 350 kh/s w/ power use: 7 Watts
An R9 270 GPU costs $200 and hashes at 450 kh/s w/ power use: 150 watts
ASIC's such as these are good for the coin industry. Affordable and efficient. Sorry to bring bad news but grossly inefficient gpu mining must die. Nvidia is already making efficient gpu's for mining (GTX 750). Inefficient gpu's will not be able to compete against newer efficient gpu's, and certainly not against ASIC's. Even x11 can't save inefficient gpu's. |
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DubFX
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March 25, 2014, 08:34:27 PM |
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Well, maybe you should really change algo or get some kind of anti asic shield but i guess this isn't possible that easily..
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Chronikka
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March 25, 2014, 11:09:55 PM |
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I don't believe your story.
Give me a break. It's all to clear why and who you are advocating here.
Once you, the average Joe, will eventually receive your Gridseed devices, they will be already outdated.
After some long, long postponed delivery.
And the right figure is 2,425.00 $ for 3 Mhash and all sold out.
And you will be very disappointed how cheap they are manufactured.
Be careful not to brake them already, when unpacking them.
And no, they won't do X11.
You will end up having bought some very expensive fans.
You can spend your days mining Flappycoin then, because everything of value will have switched to better math.
You're a LIAR, bootlicking for the elite.
I don't even own a gridseed and I don't plan on buying one. Their competition will be hitting the markets soon. Those I will buy. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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zedicus
Legendary
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CryptoTalk.Org - Get Paid for every Post!
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March 26, 2014, 12:10:19 AM |
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I have a GPU farm mining HeavyCoin as of recent! Its feature set is worth a mention, It was once CPU only and GPU's just got let in the party not to long ago and miners run really cool! Great for summer and not asic friendly...
Asics are already here! If you were doing any kind of multipool action you know the price has been anchoring..
It maybe a binary moment for a lot of coins! Theres not gonna be any in-between... Sometimes innovation is enough and a grasping of opportunity is all that matters but i think our situation is dependent upon more factors and one that sticks out like a sore thumb is "timing"~
HVC is doing well and will continue to do well because of the timing & innovation!! It came right at the right time when GPU's are "shifting" from scrypt and its making a market for itself by giving miners an "opportune" moment !
For POT it seems the halving conversation has blown up into an all out are we "changing" from scrypt conversation.
Rightly so as the slaughtering of the market proceeds by the asics but, even tho that binary moment maybe among us soon.. the difference in yea or nea may not be as important as the timing!
I dont think we have enough swagg to carry us pass any round of asics.. The reaper is among us and maneuver away we must!! I didnt just mention HVC by chance .. I secretly wish POT had some of its features like the temporal retargeting but our chance to innovate is handcuffed to a timing variable amongst others so im not sure how long we have an opportunity to grasp for our defining moment~
Its make or break time! Cmon POT!!!
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