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Author Topic: SolidCoin 2 - GPU mining and the future  (Read 4193 times)
CoinHunter
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October 21, 2011, 01:31:57 AM
 #1

Satoshi developed a hashing algorithm in Bitcoin which saw GPUs dominate it, forcing CPU users to the dustbin and making it a lot more difficult for everyone to mine Bitcoin. Out of this grew the GPU farms and the Bitcoin mining community.

Prior to SolidCoin v2.0 I released some info saying we were going to a CPU algorithm for SC2, knowing that the trolls would attempt to copy the idea. The end result, tenebrix, a CPU miner, now a dead chain. (I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

Like all the core SolidCoin people know, we are the current technical leader of cryptocurrencies, with the most innovations and the most secure p2p currency, if you want an early alpha for GPU mining please visit our forum.

http://solidcointalk.org/topic/342-solidcoin-v20-gpu-miner/


Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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October 21, 2011, 01:36:35 AM
 #2

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

That is awesome.   So will the other coins take this idea and improve, while still being able to remain fully decentralized, I wonder.

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October 21, 2011, 01:40:48 AM
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In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

That is awesome.   So will the other coins take this idea and improve, while still being able to remain fully decentralized, I wonder.

SolidCoin's network is fully decentralized. It would be too weak if it wasn't. Just because there is this concept of trusted nodes (which Bitcoin/Gavin said they want to move to eventually also) doesn't make it any less  secure or centralized.

However we do have 5% economic centralization (or a tax if you want to call it that), so that fact will not please everyone that is against any form of centralization. Economic centralization is a different thing than network centralization though. Worst case is the 5% centralization fund is abused or taken over by a malicious entity (government), it won't affect the network security that much at all. The 5% amount is also going to be lowered down to about 1% over time.

The Coin Protection/Promotion Fund is used to protect SolidCoin and it's users so *most* people shouldn't have a problem with it when they know it goes to help them, but I know some people will. Smiley

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October 21, 2011, 01:45:37 AM
 #4

This 5% sounds intriguing.  Helps security, yet not strong enough to take down the network if it is taken over itself.   I can't wait to read the source code.  And pretend like I know how to read source code lol

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October 21, 2011, 01:57:51 AM
 #5

Satoshi developed a hashing algorithm in Bitcoin which saw GPUs dominate it, forcing CPU users to the dustbin and making it a lot more difficult for everyone to mine Bitcoin. Out of this grew the GPU farms and the Bitcoin mining community.

Prior to SolidCoin v2.0 I released some info saying we were going to a CPU algorithm for SC2, knowing that the trolls would attempt to copy the idea. The end result, tenebrix, a CPU miner, now a dead chain. (I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

Like all the core SolidCoin people know, we are the current technical leader of cryptocurrencies, with the most innovations and the most secure p2p currency, if you want an early alpha for GPU mining please visit our forum.

http://solidcointalk.org/topic/342-solidcoin-v20-gpu-miner/




I submit the above as EXHIBIT A for why people hate this asshole so much.

Sorry, I don't get your point.
I see this as a plus for everyone. Now all those people with a GPU that were mining bitcoins previously can have a choice. And all those people who don't have a high end gpu, can still contribute and benefit from the SolidCoin system.
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October 21, 2011, 01:59:15 AM
 #6

This 5% sounds intriguing.  Helps security, yet not strong enough to take down the network if it is taken over itself.   I can't wait to read the source code.  And pretend like I know how to read source code lol

Yes after discussions with a lot of people we realized there needed to be a way to help kickstart the economy and provide incentives for businesses. Combined with prosecuting fraud and other such things as they appear. We didn't want to get into the situation where private companies are funding core SolidCoin developers ala the situation with Bitcoin. Instead SolidCoin users will fund them, providing less incentive for corruption and things of this nature.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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October 21, 2011, 02:21:49 AM
 #7

(I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).


Just because you want something to die, doesn't make it true.

SC2 has been floating around the same price (and often under) as Litecoin since it's inception.  I certainly know which I prefer.

As for GPU mining, why am I not shocked.   I suppose you've been happily GPU mining away while the other couple of people mining SC2 suffer on with their CPU's Smiley
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October 21, 2011, 02:25:29 AM
 #8

(I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

CoinHunter, I'm interested to see your hashing algorithm when your release your source, but please stop spreading FUD against Litecoin. How is Litecoin dying when the network hashrate has been increasing since launch? Just check http://litecoin.kicks-ass.org/graphs/graphs.html and http://allchains.info/ and see for yourself. If anything, SolidCoin's network hashrate has dropped from ~60Mhash/s to ~30Mhash/s and even then, I wouldn't go and claim that SolidCoin is dying. So please explain yourself or take your statement back.

It's hard for people to respect you when you keep on spreading FUD on all the other coins.


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October 21, 2011, 03:09:18 AM
 #9

Satoshi developed a hashing algorithm in Bitcoin which saw GPUs dominate it, forcing CPU users to the dustbin and making it a lot more difficult for everyone to mine Bitcoin. Out of this grew the GPU farms and the Bitcoin mining community.

Prior to SolidCoin v2.0 I released some info saying we were going to a CPU algorithm for SC2, knowing that the trolls would attempt to copy the idea. The end result, tenebrix, a CPU miner, now a dead chain. (I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

Like all the core SolidCoin people know, we are the current technical leader of cryptocurrencies, with the most innovations and the most secure p2p currency, if you want an early alpha for GPU mining please visit our forum.

http://solidcointalk.org/topic/342-solidcoin-v20-gpu-miner/



Could you be more specific about which part of the "information" describing Solidcoin 2.0 was true and which was not?
So far, the only thing to support from Solidcoin is a binary with:
 no signatures
 no source code
 and now no white paper
 released by some guy on the internet
 for the time being, if you get 10 of them you can trade them for 1 Namecoin


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Bitcoin Oz
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October 21, 2011, 03:22:12 AM
 #10

@Coinhunter

Care to explain why Solidcoin 2 was rejected  by CryptoXchange. Am I wrong in understanding they had indepth knowledge of Solidcoin 2 as they tested it before release? and why they decided that Litecojn was better choice?

I would love to hear an intelligent answer on that from you and not your dummies.

I dont think they would be happy about you involving them in your campaign against solidcoin. Im sure he already knows why they dropped sc2 and that it was a private business decision.

Both sides of this vendetta aren't doing a thing to increase uptake of either bitcoin or solidcoin. In fact knowing BTCeX is one of the largest holders of bitcoin makes me want to avoid promoting it also.   Smiley

I dont like the bilderburg defence of sc2 either just quietly Cool


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October 21, 2011, 03:24:02 AM
 #11

LOLZ.  I guess you did fail @ math.
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October 21, 2011, 03:32:25 AM
 #12

SolidCoin's network is fully decentralized. It would be too weak if it wasn't. Just because there is this concept of trusted nodes (which Bitcoin/Gavin said they want to move to eventually also) doesn't make it any less  secure or centralized.

No it isn't.  All 10 trusted nodes are controlled by you and you alone.  They sign 50% of the blocks.  So 50% of block chain is controlled by a single person.  How anyone with a straight face could call that decentralized if hard to comprehend.

Quote
However we do have 5% economic centralization (or a tax if you want to call it that), so that fact will not please everyone that is against any form of centralization. Economic centralization is a different thing than network centralization though. Worst case is the 5% centralization fund is abused or taken over by a malicious entity (government), it won't affect the network security that much at all. The 5% amount is also going to be lowered down to about 1% over time.

There is no such thing as a CPF.  It is your personal wallet.  The amount isn't 5%.  Looking at block explorer it is 10%.

Here let me explain your own block chain to you.  Ever even block

5% of odd block value is transferred from trusted node -> your personal wallet.
5% is minted out of thin air -> your personal wallet.

Roughly 3.2 SC every even block goes to you as payment to the glorious leader.  How anyone can call this decentralized is also hard to comprehend.


Fun fact kids.... you can esimtate how much Real Solid has siphoned from the SC economy so far.

(Real Solid Personal Wallet Balance) = ( 3.2 BTC per even block ) * (Current Block Count) / 2

As of today:
(Real Solid Personal Wallet Balance) = (3.2)*(35269) /2
(Real Solid Personal Wallet Balance) = 56430.4

Of course that doesn't include whatever he mined w/ a GPU for last two weeks while all you suckers tried to keep up with CPUs as difficulty exploded.

He pays himself 1.12 million SC a year by royal decree, but don't worry it is for your protection.
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October 21, 2011, 03:33:13 AM
 #13

as a noob, that has no idea the diff between solidcoin, tbx or ltc, open source, closed source, premines, whatever. I go with my gut, and my gut tells me something about SC is just not right. Maybe I can't hear past the noise, or the noise I hear is a warning. I don't know. I'm sticking with TBX and LTC. If I miss the SC gravy-train, so be it.

I understand the bickering - everyone wants the be the 'first' to be the second to rule the next crytocurrency. This infighting for coins is normal and good for everyone. The market will make it's choice.

my two bits

carry on Smiley
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October 21, 2011, 03:34:27 AM
 #14

Could you be more specific about which part of the "information" describing Solidcoin 2.0 was true and which was not?
So far, the only thing to support from Solidcoin is a binary with:
 no signatures
 no source code
 and now no white paper
 released by some guy on the internet
 for the time being, if you get 10 of them you can trade them for 1 Namecoin

nmc    0.027000    0.027500
sc      0.006500    0.006520

Looks to me that 10 SC will get you >3 NMCs right now if allchains.info is correct?....  maybe I math failed

4.15 SC per NM now, I was going off prices from sometime yesterday. That is some pretty impressive volatility!

Any answers about a revised white paper that is more than just a red herring?
Or source code for the current block chain?
Please provide citations for any answers.

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CoinHunter
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October 21, 2011, 04:33:01 AM
 #15

(I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

CoinHunter, I'm interested to see your hashing algorithm when your release your source, but please stop spreading FUD against Litecoin. How is Litecoin dying when the network hashrate has been increasing since launch? Just check http://litecoin.kicks-ass.org/graphs/graphs.html and http://allchains.info/ and see for yourself. If anything, SolidCoin's network hashrate has dropped from ~60Mhash/s to ~30Mhash/s and even then, I wouldn't go and claim that SolidCoin is dying. So please explain yourself or take your statement back.

It's hard for people to respect you when you keep on spreading FUD on all the other coins.

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170. So the number of people running your chain are shrinking, combined with it being based mostly on bitcoin technology and susceptible to attacks from individuals with limited investment is all reasons why I think litecoin will not succeed. I think LTC achieved one thing though, it killed off TBX which I think was a scam. So good work on that part.

To put it in comparison, SolidCoin peaked at 850 nodes on IRC and currently has 600. So yes we have also shrunk, but are currently 3.5 times larger than your chain and also have minipool features built into our client and thus have many non internet facing nodes (about double public visible, or around 1200-1300 in total).

I could be wrong about Litecoin only time well tell. Good luck anyhow.

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October 21, 2011, 04:43:28 AM
 #16

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170.
Lol, you idiot. Ever hear of pools?

Buy & Hold
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October 21, 2011, 06:04:32 AM
 #17

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170.
Lol, you idiot. Ever hear of pools?

Yeah, a lot of Litecoin miners started using pools almost right away. Litecoin already has 6 pools when it's only been around for a week. That's probably why you don't see an increase in the number of nodes. Unlike SolidCoin, people don't need to run the client to mine litecoins. (Let me know if I'm mistaken about that) And with 6 pools (looks like more than SolidCoin) supporting Litecoin in the first week, I'd say it's alive and kicking.

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170. So the number of people running your chain are shrinking, combined with it being based mostly on bitcoin technology and susceptible to attacks from individuals with limited investment is all reasons why I think litecoin will not succeed. I think LTC achieved one thing though, it killed off TBX which I think was a scam. So good work on that part.

To put it in comparison, SolidCoin peaked at 850 nodes on IRC and currently has 600. So yes we have also shrunk, but are currently 3.5 times larger than your chain and also have minipool features built into our client and thus have many non internet facing nodes (about double public visible, or around 1200-1300 in total).

I could be wrong about Litecoin only time well tell. Good luck anyhow.

CoinHunter, no you did not upset me with your opinion. I just hope that in the future if you are going to make a bold claim like "Litecoin is dying", please support with some facts.

To be honest, I'm not as against SolidCoin as a lot of people here. You've put in a lot of work into SolidCoin. I might not agree with your decision to keep things closed source, to have the CPF, and to have trusted arbiter nodes to solve the 51% problem, but I give you credit for trying something different. If anything comes out of all these alt currencies, it's that we are trying stuff that Bitcoin cannot to see if there are ways to improve on Bitcoin. And I really can't be sure that a centralized closed source solution will absolutely not work. I mean, just look at Microsoft. Their closed source crappy OS owns >90% of the market. So who knows. Like you said, time will tell.

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October 21, 2011, 06:33:16 AM
 #18

I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix

Well, you did mention them.  And that must explain why I haven't been able to mine any Litecoin today.
CoinHunter
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October 21, 2011, 07:08:26 AM
 #19

CoinHunter, no you did not upset me with your opinion. I just hope that in the future if you are going to make a bold claim like "Litecoin is dying", please support with some facts.

To be honest, I'm not as against SolidCoin as a lot of people here. You've put in a lot of work into SolidCoin. I might not agree with your decision to keep things closed source, to have the CPF, and to have trusted arbiter nodes to solve the 51% problem, but I give you credit for trying something different. If anything comes out of all these alt currencies, it's that we are trying stuff that Bitcoin cannot to see if there are ways to improve on Bitcoin. And I really can't be sure that a centralized closed source solution will absolutely not work. I mean, just look at Microsoft. Their closed source crappy OS owns >90% of the market. So who knows. Like you said, time will tell.

Yeah I'm aware you obviously have pools and people just running mining clients, however only having 170 users running your client software would be a concern for me if I was overseeing your project. People still need to run the client to send funds and do other tasks like that right?

Tenebrix had 280 before LTC came along and killed it, and you haven't reached those heights yet. But anyways, I'm not sure why you released a coin with so few changes over TBX especially when you've had time to do things. You are a programmer right?

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October 21, 2011, 07:43:43 AM
 #20

Where could one see the sources of the GPU miner ? Cheesy

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

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