ANN-EMC2 Einsteinium FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY KMD-dPoW

[Bobsurplus]

so is there an estimated ETA on X11?

No estimated time as of yet..

[Bobsurplus]

This was on page 7??

LOL, what was? 

[ocminer]

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[Bobsurplus]

Thanks OCminer for the update. I have been mining with you since day one and have loved every minute of it!

[naplam]

new p2pool node! come mine on CrunchPool
http://p2pool.crunchpool.com:41876/static/

[jjj0923]

is there any way to calculate future difficulty ?

for instance the difficulty increases are published for btc - is there anything like that for this coin?

[Cobra]

Just wanted to post an excerpt from a post here that Warren made (LTC Dev team) when looking at X11.
Reference: https://litecointalk.org/index.php?topic=18166.0 The 2nd post.
My personal opinion is that it is surely a concern going forward but maybe X11 is not the best algo compared to a Memory hard solution or Hefty1. What happens when an optimized version of X11 miner is out and it is no longer cool running and efficient as it is now?

X11 is Far Worse
X11 suffers from the problems stemming from increased propagation latency and slow verification, and adds even worse susceptibility to ASIC advantage.  It is a mere mishmash of 11 separate algorithms that are now GPU mineable (according to Darkcoin’s homepage).  Anything GPU mineable can be implemented in custom hardware.  To make matters worse, ASIC’s could even have a major speedup advantage over GPU’s.   adam3mus said, “it does seem likely that eg if the unused space due to heat can be filled with the other hashes, then it can all be pipelined together and no slowdown.  the only cost is replicating different hash functions which doesnt seem particularly hard”

So a switch to X11 only delays the inevitable.  Switching the hash to X11 would only spite the current manufacturers while ultimately failing in the goal of preventing ASIC’s later.  It gets even worse.  If the cost of entry for a particular PoW is very high by design, that increases the chance of fewer competing manufacturers entering a market.  This is the worst possible outcome for any Bitcoin-like network that relies upon large quantities of greedy miners to outdo each other to maintain network security.

[jjj0923]

Just wanted to post an excerpt from a post here that Warren made (LTC Dev team) when looking at X11.
Reference: https://litecointalk.org/index.php?topic=18166.0 The 2nd post.
My personal opinion is that it is surely a concern going forward but maybe X11 is not the best algo compared to a Memory hard solution or Hefty1. What happens when an optimized version of X11 miner is out and it is no longer cool running and efficient as it is now?

X11 is Far Worse
X11 suffers from the problems stemming from increased propagation latency and slow verification, and adds even worse susceptibility to ASIC advantage.  It is a mere mishmash of 11 separate algorithms that are now GPU mineable (according to Darkcoin’s homepage).  Anything GPU mineable can be implemented in custom hardware.  To make matters worse, ASIC’s could even have a major speedup advantage over GPU’s.   adam3mus said, “it does seem likely that eg if the unused space due to heat can be filled with the other hashes, then it can all be pipelined together and no slowdown.  the only cost is replicating different hash functions which doesnt seem particularly hard”

So a switch to X11 only delays the inevitable.  Switching the hash to X11 would only spite the current manufacturers while ultimately failing in the goal of preventing ASIC’s later.  It gets even worse.  If the cost of entry for a particular PoW is very high by design, that increases the chance of fewer competing manufacturers entering a market.  This is the worst possible outcome for any Bitcoin-like network that relies upon large quantities of greedy miners to outdo each other to maintain network security.
[/quote

finally - a sensible instead of emotional response to the issue.

why not just leave things alone?

I suppose it's the nature of miners - it's difficult not to 'tinker' LOL

[praxiscat]

Some news.
We are doing a small fundraiser to put our first winner over the top, and to raise some funding outside of the monthly foundation award.
This is the EMC2 wallet address for the fundraiser: EQohirsM7K4iN9h4JFrVSHf4JCMgvdxrNs
The goal is 250,000 EMC2 based on current prices.

Thanks
The Einsteinium Foundation

[Bobsurplus]

Some news.
We are doing a small fundraiser to put our first winner over the top, and to raise some funding outside of the monthly foundation award.
This is the wallet address for it: EQohirsM7K4iN9h4JFrVSHf4JCMgvdxrNs

Thanks
The Einsteinium Foundation

Nice.. I just sent over 50K EMC2.

Guys I expect everyone here to donate what they can, even if its just 10 coins.

[Bobsurplus]

Some news.
We are doing a small fundraiser to put our first winner over the top, and to raise some funding outside of the monthly foundation award.
This is the EMC2 wallet address for the fundraiser: EQohirsM7K4iN9h4JFrVSHf4JCMgvdxrNs
The goal is 250,000 EMC2 based on current prices.

Thanks
The Einsteinium Foundation

[einsteinium]

WOW, what an awesome community we have. already over 200K EMC2 in the pot for Dr Moss.

http://cryptexplorer.com/address/EQohirsM7K4iN9h4JFrVSHf4JCMgvdxrNs

Thank you all!

[praxiscat]

Wow this is going fast...it seems like experiment.com is going to be putting up a page for this fundraiser too. This could be the start of a beautiful relationship for Einsteinium, they are potentially a major partner for our science funding mission.

Will somebody remove cryptorush voting, they just went insolvent.

[ottobene]

Some news.
We are doing a small fundraiser to put our first winner over the top, and to raise some funding outside of the monthly foundation award.
This is the EMC2 wallet address for the fundraiser: EQohirsM7K4iN9h4JFrVSHf4JCMgvdxrNs
The goal is 250,000 EMC2 based on current prices.

Thanks
The Einsteinium Foundation

Send 1000 little, but help anyway

[einsteinium]

Thank you Ottobene. Every small donation counts. I'm sure we will surpass the 250K coin goal very soon.

[ottobene]

Thank you Ottobene. Every small donation counts. I'm sure we will surpass the 250K coin goal very soon.

250k, without doubt, reached very soon

[ottobene]

Someone send another 5k now

[gizz_]

Please, support Einsteinium at:

mintpal
 - You can vote 5 times per hour, must be registered.
Cryptsy
 - You must be registered.

[EinsteiniumWisdom]

[The Einsteinium Foundation (EMC2) Press Release]

The Einsteinium Foundation has given their first financial contribution to an important scientific research program using EMC2, a new cryptocurrency like Bitcoin. Every month, projects are nominated and voted on by a public EMC2 worldwide community at www.einsteinium.org

The Einsteinium Foundation (EMC2):

David Black - Chief of Public Relations (david@einsteinium.org)

Christine Paluch – Scientific Liaison (christine@einsteinium.org)

Ryan Wright - Marketing and Communications Officer (ryan@einsteinium.org)

Daron Thomas – Social Media and Marketing Director (daron@einsteinium.org)


To raise awareness that the Einsteinium Foundation has made its first financial donation to a scientific research program, nominated and selected by the process of worldwide users, voting online at www.einsteinium.org.

Voting took place Thursday March 20th - Tuesday March 25. Polls opened up at (12:00 AM) and closed officially at (12:00 PM)

The Einsteinium Foundations first ever, official financial donation in the amount of (526314.56 of EMC2) or the value of (approx. $1,000 in USD) has been made on 3/29/14 to Walter Moss, a post-doctoral researcher in the lab of Prof. Joan A. Steitz at Yale University, for his work finding out if viral molecular structures can cause cancer.

The Einsteinium Foundation will be delivering the funding to Walter Moss through a crowd source funding site he has subscribed on known as Experiment.com for more information on his work, please visit https://experiment.com/projects/can-viral-molecular-structures-cause-cancer

Their first official donation took place on March 29th 2014 in the amount of $1,000. Their second donation will take place on April 29th with a total sum that is yet to be determined. Donation totals are based on the amount of coins mined as well as the current market value.

For more information, please visit:
http://einsteinium.org/the-fund/

www.einsteinium.org 



We believe scientific research is an essential long-term investment in our future, and the future of our planet. Global funding for the ‘big ideas’ has fallen dramatically in recent years. On average less than half a percent of a nation's GDP is spent on science and technological research.

Ideas that would profoundly change our lives, are woefully underfunded. Advancement is stifled, and promising new projects abandoned - not for lack of vision or scope, but the simple lack of funding. Worldwide the number of students choosing to study physical sciences is also rapidly declining.

We at the Einsteinium Foundation believe raising awareness, and engaging future generations in the sciences at an early age, is a key factor in halting this decline.To that end we have created the Einsteinium digital currency (EMC2), which automatically donates 2%  of every block mined, to the Foundation Fund at the point of being mined. The Foundation then selects various scientific research programs and science education programs, that are nominated by our social media community on public forums such as, Reddit, Bitcointalk.org, Twitter and Facebook and posts these different causes on our website www.einsteinium.org where community members will then have the chance to sign up and vote for which worthy cause they believe should receive the funds.

The mining of Einsteinium is divided into Epochs, each Epoch mines 36000 blocks of coins and is targeted to last approximately 25 days. Every 25 days a new Scientific cause will be selected and giving funding.

Like Bitcoin and its siblings, Litecoin, Primecoin and DogeCoin, Einsteinium is a distributed peer-2-peer digital currency.


For more information about The Einsteinium Foundation please visit www.Einsteinium.org

###

What a great press release!

[BotwinBG]

Thank you Ottobene. Every small donation counts. I'm sure we will surpass the 250K coin goal very soon.

250k, without doubt, reached very soon

donation sent, filled it up to the goal