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

[Bobsurplus]

Hey guys, I've mentioned you in our first newsletter : https://bitcointalk.org/index.php?topic=554261.msg6034434#msg6034434

Thanks for mentioning us Joe,

Maybe one day soon EMC2 will be an X11 coin, Maybe not though,  I wish you nothing but success with HIRO though and keep up the good work.

[einsteinium]

Hey guys, I've mentioned you in our first newsletter : https://bitcointalk.org/index.php?topic=554261.msg6034434#msg6034434

Thanks for the kind words, were not 100% sure if were going to switch algos but we have been testing X11 for a while now.

I wish you luck with your coin and we'll keep you posted on any developments as they arise.

Thanks again.

[jjj0923]

Hey guys, I've mentioned you in our first newsletter : https://bitcointalk.org/index.php?topic=554261.msg6034434#msg6034434

Thanks for the kind words, were not 100% sure if were going to switch algos but we have been testing X11 for a while now.

I wish you luck with your coin and we'll keep you posted on any developments as they arise.

Thanks again.

I hope you don't switch. I like this coin but will not mine it any longer if you switch to X11

[Bobsurplus]

Hi everyone,
I've planned a "EMC2 giveaway funding marathon" which starts now! 800 EMC2 to be won!
Check it out and donate if you can, since it will be used for a huge Twitter giveaway.
https://cryptocointalk.com/topic/9533-einsteinium-giveaway-funding-marathon/?p=80306

Nice, Thanks alot Snoop. That was very nice of you!

[jjj0923]

by the way:

stay away from http://emc2.cryptopools.com/

they advertise on their home page awards for finding blocks and I found blocks but 'to my knowledge' have never seen the rewards posted into my transactions.

they can correct me if I'm wrong but there are no transactions listed showing any bonuses.

[Cobra]

by the way:

stay away from http://emc2.cryptopools.com/

they advertise on their home page awards for finding blocks and I found blocks but 'to my knowledge' have never seen the rewards posted into my transactions.

they can correct me if I'm wrong but there are no transactions listed showing any bonuses.

This promotion has ended, yes they should update their page. I did receive 6300 EMC2 in block finder bonuses from this pool. I have been very happy mining here and getting all payouts as expected. You can look in the threads here and see when they did give notice that the bonus has ended.

[jjj0923]

by the way:

stay away from http://emc2.cryptopools.com/

they advertise on their home page awards for finding blocks and I found blocks but 'to my knowledge' have never seen the rewards posted into my transactions.

they can correct me if I'm wrong but there are no transactions listed showing any bonuses.

This promotion has ended, yes they should update their page. I did receive 6300 EMC2 in block finder bonuses from this pool. I have been very happy mining here and getting all payouts as expected. You can look in the threads here and see when they did give notice that the bonus has ended.

how do you know it ended?

how is anyone suppose to know it ended?

I'm glad I jumped ship - I don't like doing business with a company who can;t even find the time to update it's home page.

what? I'm supposed to search thousands of friggin threads when they could spend one minute making a change? NO THANKS!

I'm back on emc2.lifeforce.info

[Cobra]

by the way:

stay away from http://emc2.cryptopools.com/

they advertise on their home page awards for finding blocks and I found blocks but 'to my knowledge' have never seen the rewards posted into my transactions.

they can correct me if I'm wrong but there are no transactions listed showing any bonuses.

This promotion has ended, yes they should update their page. I did receive 6300 EMC2 in block finder bonuses from this pool. I have been very happy mining here and getting all payouts as expected. You can look in the threads here and see when they did give notice that the bonus has ended.

how do you know it ended?

how is anyone suppose to know it ended?

I'm glad I jumped ship - I don't like doing business with a company who can;t even find the time to update it's home page.

what? I'm supposed to search thousands of friggin threads when they could spend one minute making a change? NO THANKS!

I'm back on emc2.lifeforce.info

Page 121 https://bitcointalk.org/index.php?topic=494708.msg5893531#msg5893531

"Bonus blocks ended on CryptoPools.  Gave out an extra 5700 EMC2 so 55,700 EMC2 total was given out." posted on March 25, 2014 Post #2409
most pools are not provided by an actual company, many are just run by an individual on a VPS. Sorry you were mislead on this and I agree they really should update this on their page to not mislead people. I'm sure it was just an oversight.

[jjj0923]

by the way:

stay away from http://emc2.cryptopools.com/

they advertise on their home page awards for finding blocks and I found blocks but 'to my knowledge' have never seen the rewards posted into my transactions.

they can correct me if I'm wrong but there are no transactions listed showing any bonuses.

This promotion has ended, yes they should update their page. I did receive 6300 EMC2 in block finder bonuses from this pool. I have been very happy mining here and getting all payouts as expected. You can look in the threads here and see when they did give notice that the bonus has ended.

how do you know it ended?

how is anyone suppose to know it ended?

I'm glad I jumped ship - I don't like doing business with a company who can;t even find the time to update it's home page.

what? I'm supposed to search thousands of friggin threads when they could spend one minute making a change? NO THANKS!

I'm back on emc2.lifeforce.info

Page 121 https://bitcointalk.org/index.php?topic=494708.msg5893531#msg5893531

"Bonus blocks ended on CryptoPools.  Gave out an extra 5700 EMC2 so 55,700 EMC2 total was given out." posted on March 25, 2014 Post #2409

thanks but leaving it posted on their home page  constitutes false and misleading advertising - I even went to the trouble of emailing them yesterday and NEVER GOT A RESPONSE!

[praxiscat]

Hey guys, I've mentioned you in our first newsletter : https://bitcointalk.org/index.php?topic=554261.msg6034434#msg6034434

Thanks for the kind words, were not 100% sure if were going to switch algos but we have been testing X11 for a while now.

I wish you luck with your coin and we'll keep you posted on any developments as they arise.

Thanks again.

I hope you don't switch. I like this coin but will not mine it any longer if you switch to X11

Our devs priority now is the KGW fix, any other development decisions have been put into the backburner.

[ThePatient]

Okay deal with the kgw issue first, but lets not let the algo issue sit for too long. We cannot stick with scrypt.

[jjj0923]

Okay deal with the kgw issue first, but lets not let the algo issue sit for too long. We cannot stick with scrypt.

of course you can stick with scrypt.

take a look at coinwarz and all of the coin with little or no value - they're all N-scrypt etc....

if you want to devalue your coin - by all means - switch to asic resistant algo.

[Bobsurplus]

Okay deal with the kgw issue first, but lets not let the algo issue sit for too long. We cannot stick with scrypt.

Why not? You do realize that its possible one or more team members may have some serious hashing power on the way to secure the network

[jjj0923]

Okay deal with the kgw issue first, but lets not let the algo issue sit for too long. We cannot stick with scrypt.

Why not? You do realize that its possible one or more team members may have some serious hashing power on the way to secure the network

 

I do!

[Bobsurplus]

I do as well!

[praxiscat]

There is also an additional point...from an economic perspective in terms of problems, the issues with the larger scale scrypt ASICs would only rear their heads if they began to show un in the next few weeks on the network in the form of manufacturers mining farms, then switching the algo would make more sense. While this is a possibility with their delivery dates, it's unlikely. The more likely situation is a gradual increase over time, and the larger miners coming out in QIII.  What we are seeing now in terms of ASICs is gridseeds, which are pretty beneficial for everybody. Gridseed represents gradual asic introduction. Nobody is scared of their 5.4 M/hs blade likely to come out very soon either. Again, it's a good example of gradual ASIC adoption...which is fine.
The larger miners, such as Titan, are only problematic if it is suddenly introduced to the network in the next few weeks through large manufacturer driven mining farms. I think this is where the core fear of ASICs reside. However, if they begin to show up six months from now, it would likely benefit our network because of gradual growth elsewhere.

They are keeping X11 as an option in case the large scale ASIC farm is introduced to early, but ASICs after a couple of halvings and a gradual introduction can actually help the coin and secure the network. It is only when it is at the start of a coins lifecycle does it present a problem. Our early halving schedule is rather agressive though early on, two within a four month period. So our risk period is very limited. Even if X11 does get integrated, it is only with the expectation of delaying the introduction of larger ASICs, not eliminating them. X11 would be very easy to produce ASICs for if it popularizes, easier than scrypt was. Not to mention the potential botnet problem that X11 has.

We do want larger ASICs eventually, but there is only harm if they come to early, and there are benefits if they come down the line and gradually, big benefits. Two weeks from now it is a different scenario, but a highly unlikely scenario. It is likely though we will go through at least a couple of halvings before they even begin to show up.

These were long discussions with Development. I wish more people realized just how long an epoch is, and how agressive halving is in the first year. While I am more in favor of X11 (I am not dev though), my only issue with ASICs, is if the big ones come too suddenly in our lifecycle. I am increasingly skeptical about an early introduction happening.

Additionally, the next 3 months if you are a GPU miner will be the best time to mine no matter the direction. You are going to see the biggest rewards from it now anyway, after the first two halvings, it increasingly becomes fighting for scraps and waiting for wormholes, no matter the algorithm, coins become more rare quickly.

Remember, if there is a higher hashrate, it's a more secure network, the only problem comes if that hashrate is all in one place.

[jjj0923]

I do as well!

BOOYAH!

[etoque]

There is also an additional point...from an economic perspective in terms of problems, the issues with the larger scale scrypt ASICs would only rear their heads if they began to show un in the next few weeks on the network in the form of manufacturers mining farms, then switching the algo would make more sense. While this is a possibility with their delivery dates, it's unlikely. The more likely situation is a gradual increase over time, and the larger miners coming out in QIII.  What we are seeing now in terms of ASICs is gridseeds, which are pretty beneficial for everybody. Gridseed represents gradual asic introduction. Nobody is scared of their 5.4 M/hs blade likely to come out very soon either. Again, it's a good example of gradual ASIC adoption...which is fine.
The larger miners, such as Titan, are only problematic if it is suddenly introduced to the network in the next few weeks through large manufacturer driven mining farms. I think this is where the core fear of ASICs reside. However, if they begin to show up six months from now, it would likely benefit our network because of gradual growth elsewhere.

They are keeping X11 as an option in case the large scale ASIC farm is introduced to early, but ASICs after a couple of halvings and a gradual introduction can actually help the coin and secure the network. It is only when it is at the start of a coins lifecycle does it present a problem. Our early halving schedule is rather agressive though early on, two within a four month period. So our risk period is very limited. Even if X11 does get integrated, it is only with the expectation of delaying the introduction of larger ASICs, not eliminating them. X11 would be very easy to produce ASICs for if it popularizes, easier than scrypt was. Not to mention the potential botnet problem that X11 has.

We do want larger ASICs eventually, but there is only harm if they come to early, and there are benefits if they come down the line and gradually, big benefits. Two weeks from now it is a different scenario, but a highly unlikely scenario. It is likely though we will go through at least a couple of halvings before they even begin to show up.

These were long discussions with Development. I wish more people realized just how long an epoch is, and how agressive halving is in the first year. While I am more in favor of X11 (I am not dev though), my only issue with ASICs, is if the big ones come too suddenly in our lifecycle. I am increasingly skeptical about an early introduction happening.

Additionally, the next 3 months if you are a GPU miner will be the best time to mine no matter the direction. You are going to see the biggest rewards from it now anyway, after the first two halvings, it increasingly becomes fighting for scraps and waiting for wormholes, no matter the algorithm, coins become more rare quickly.

Remember, if there is a higher hashrate, it's a more secure network, the only problem comes if that hashrate is all in one place.

Do you think everybody can buy some asic at 10,000$?  Not me, like many other, Secure network with a few people is not a big deal man,and wait till these rich whale come from bitcoin algo,They will rape our coin,not with one miner at 10,000$ Some guys can put MILIONS on this,be carefull

[BotwinBG]

I think the best course of action is to stay on Scrypt but have a backup plan ready to be implemented. This coin has more potential the usual clone of the week but I think it also requires  a careful approach as we are potentially dealing with serious people doing serious sciency stuff(tm) .
I don't know how much investment Scrypt hardware is for KNC et al, but from where I am sitting it seems significant. Scrypt seems to graduate to big boys league .
The miner with a few ATI card might object but that is the way things are and I believe it is a good thing (no to mention unavoidable). I don't know what Scrypt ASICs will do to the established coins like Litecoin, from my vantage point it is a bit like 1) step one 2) step two 3) profit?.
I do not believe though that people who possibly invest millions in hardware development only think of short term profits, which seems to be the popular idea around here, you know, miners never ROI, buying ASICs is a doomed enterprise etc. Then again, EMC2 is not an established coin like Litecoin, network-hash-wise, and a wilful or mischievous or simply bored miner with a few Titans can possibly utterly wreck this coin.  

Then we get to the other algorithms like X11 . I feel right now they are yet to stand the test of time. Litecoin devs were not too keen on it (see the thread on litecointalk). I've no technical expertise to judge if their opinion has merit or not, but I believe it is wise to listen to them nevertheless.
I am also getting progressively drunker and start loosing the guiding light here. So anyway, what was I talking about. Scrypt might be good, lets have the other coins beta test X11 etc and have a backup plan ready to go incase it looks like  Scrypt ASICs might go on a bloody rampage on this coin.

Oh, have devs looked a merged mining possibility?

In case this make zero sense or offends you, blame The Macallan, not me.

[praxiscat]

I think the best course of action is to stay on Scrypt but have a backup plan ready to be implemented.

This is the general attitude right now among our developers as well.
Not everybody can afford a $10k Rig, but the $10K rig might not come as soon as many people think, and there may be intermediate steps along the way that build up network hash rates.
Also our Devs did technically evaluate X11 in depth, including a great deal of testing, and before the litecoin team even posted they provided those of us who are on the foundation with similar input to what litecoin provided.
We have to be cautious because forking the coin in that way is a significant technical burden, but also presents significant risks.