[ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record

[northranger79510]

And to be accurate, we really only need one exchange. Riecoin is a CURRENCY so it should be treated as one and not stocks. Focus should be concentrated on easy and smooth merchant acceptance. We should focus on getting merchants to accept us, not exchanges. A Riecoin Foundation could hopefully help.

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[surfer43]

Well, Mintpal is also taking bribes. IMO we should focus on btc-e. That would mean a huge jump in price.

Primecoin was taken to btce just after a lot of hype around it. I like Riecoin concept, but are there any ways to be added to btce?

1. break world records
2. hype

[northranger79510]

Well, Mintpal is also taking bribes. IMO we should focus on btc-e. That would mean a huge jump in price.

And that is why Mintpal is also crap in my opinion. The only reason why its less crap than cryptsy (in my opinion) is that it has fewer coins listed and a faster deposit rate than Cryptsy. Cryptsy has too many coins listed its hard to care about new coins listed anymore (in my opinion).

[surfer43]

Well, Mintpal is also taking bribes. IMO we should focus on btc-e. That would mean a huge jump in price.

And that is why Mintpal is also crap in my opinion. The only reason why its less crap than cryptsy (in my opinion) is that it has fewer coins listed and a faster deposit rate than Cryptsy. Cryptsy has too many coins listed its hard to care about new coins listed anymore (in my opinion).

Cryptsy's navigation needs innovation with all of the coins they have listed... Also, people start using a cryptocurrency as a currency more and more after price increases. Look at all of the new adoption of Bitcoin that happened just because of a price spike. Yes we should focus on use as a currency, although major exchanges wouldn't hurt. 

[northranger79510]

Well, Mintpal is also taking bribes. IMO we should focus on btc-e. That would mean a huge jump in price.

And that is why Mintpal is also crap in my opinion. The only reason why its less crap than cryptsy (in my opinion) is that it has fewer coins listed and a faster deposit rate than Cryptsy. Cryptsy has too many coins listed its hard to care about new coins listed anymore (in my opinion).

Cryptsy's navigation needs innovation with all of the coins they have listed... Also, people start using a cryptocurrency as a currency more and more after price increases. Look at all of the new adoption of Bitcoin that happened just because of a price spike. Yes we should focus on use as a currency, although major exchanges wouldn't hurt. 

True. +1.

[toto408]

Hi there

I would like to open the AVX2 xptminer souces on dga webpage, to try to compile that for Windows. This file seems to be a zip file, with 6 files in there. But I can't open these 6 files: there are neither zip nor text files.
Am I missing something obvious?

Thanks for any help

[surfer43]

Download the source code as a zip file here.

[northranger79510]

I wonder how much it takes to maintain Riecoin price. I know dogecoin needs $2+ million to maintain its price.

[heajin5921]

I like this pure cpu coin!!!

[Aboroth]

I don't have time to play around with it much because of work, but would it be worth it to optimize for processors without AVX2, but with AVX? The computers I can throw at this coin aren't new enough to have AVX2 available. Or does the AVX2 build have code paths for different instruction sets, with detection of CPUID or similar?

[Supercomputing]

I don't have time to play around with it much because of work, but would it be worth it to optimize for processors without AVX2, but with AVX? The computers I can throw at this coin aren't new enough to have AVX2 available. Or does the AVX2 build have code paths for different instruction sets, with detection of CPUID or similar?

The AVX2 (Haswell) instruction set is only good for multiple-precision arithmetic and SHA-256 as far as Riecoin mining is concerned. Apart from that, there is no noticeable difference in performance. You will have to implement your own large integer arithmetic using hand-optimized assembly for x86-64 which requires years of experience. You should achieve about a 30 percent increase in mining performance with good optimization techniques.

http://software.intel.com/sites/default/files/m/f/7/c/36945

[surfer43]

another record difficulty: 1684

[Supercomputing]

As far as I know, the current world record is 1856-bit and the current difficulty is 1684-bit in size:
https://bitcointalk.org/index.php?topic=446703.msg5829120#msg5829120

But let us not focus on breaking the world record because we are playing with rules and restrictions. Riecoin's proof-of-work has a 256-bit offset (or 191# primorial) restriction. And for all intents and purposes, there is more than enough computational power available to the network to smash the current world record within minutes if there were no rules or restrictions.

Also, let us not forget that the overwhelming majority of miners are in it for profit and very few of us are in it for the pure joy of the challenge. In order to give Riecoin an edge, we need to make it profitable for most miners, not just whales who can scale to hundreds of processors. The question is how? ASIC scrypt mining may soon bring a drastic reduction in the number of GPUs used for Litecoin mining, why not have them join the RIC network. We need an expert OpenCL (AMD GPU) programmer and I can help with the mutilple-precision arithmetic optimization.

[northranger79510]

Feels nice to be part of history.

[toto408]

Download the source code as a zip file here.

Thanks, I'll try to play around with this

[trny]

I wonder how much it takes to maintain Riecoin price. I know dogecoin needs $2+ million to maintain its price.

2.5 minute blocks with a reward of 50 RIC means approximately 28800 new RIC a day. At the current price of ~$0.12 this means about $3456 is needed a day to sustain prices. However I don't think the handful of top whales mining the majority of coins are selling at the current price.

[northranger79510]

I wonder how much it takes to maintain Riecoin price. I know dogecoin needs $2+ million to maintain its price.

2.5 minute blocks with a reward of 50 RIC means approximately 28800 new RIC a day. At the current price of ~$0.12 this means about $3456 is needed a day to sustain prices. However I don't think the handful of top whales mining the majority of coins are selling at the current price.

Oh so doesn't take that much right now. Thats good.

[istudy92]

the price will go up 10x what it is eventually.  That eventually will happen as difficulty becomes crazy like primecoin, and of course people understand riecoin is not being mined by gpus which makes it a great hard entry barriers for real miners.  

[Aboroth]

If I recall correctly, there was a GPU miner for primecoin that somebody claimed to be developing, and took donations for it, but never delivered.

As far as I know there still is no GPU miner for primecoin, mostly because the CPU is still needed to do certain things efficiently, but the communication time between the CPU and GPU killed any performance gains from the GPU running any part of the code. Or it was something to that effect, AFAIK.

If it would be possible to make a GPU miner I think that would be better long-term for this coin. CPU coins get dominated by botnets, drowning out potential profits from people running it legitimately, since botnet operators don't care about electricity costs. That kind of kills a lot of potential enthusiasm for it. There's only so many people in the world willing to lose money calculating prime numbers for fun.

[chryspano]

Is a gpu miner posible for riecoin or its difficult as it was for primecoin ?

I believe that a gpu miner could help this coin, especially now that scrypt asics will move lots of miners to non scrypt coins