[ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation

[HiroS]

For Now, Seems SHA3 is FPGA miner profit.
For GPUs, Only choice is X11, or Quark.

There is also Blakecoin (BLC) - which is the fastest coin (SHA3 finalist, Blake-256 algorithm).

3.4GH/s on a AMD Radeon R9 290X

The concern there is that it may be relatively easy to create professional mining hardware for. If GPUs move to the BLC solution they may not get to stay there very long. What we want is to bring in the GPU miners and keep them. Having 11 different types of hashing makes us much more secure in this way. We can argue that X11 gives long term safety.

[albertdros]

wow someone just dumped a shitload of coins on nxt-e completely crashing the price

[sweetgirl01]

I make a mistake to look it as herocoin

[quarkkid]

...im in!!!

[mrakbox]

For Now, Seems SHA3 is FPGA miner profit.
For GPUs, Only choice is X11, or Quark.

There is also Blakecoin (BLC) - which is the fastest coin (SHA3 finalist, Blake-256 algorithm).

3.4GH/s on a AMD Radeon R9 290X

The concern there is that it may be relatively easy to create professional mining hardware for. If GPUs move to the BLC solution they may not get to stay there very long. What we want is to bring in the GPU miners and keep them. Having 11 different types of hashing makes us much more secure in this way. We can argue that X11 gives long term safety.

The idea that ASIC resistance is important for crypto currencies has become widespread, however it is based on a fallacy. The premise is that ASICs are expensive and therefore make mining impractical for the average person. However, the production of ASICs is inevitable if a coin becomes popular enough, as is the case with Litecoin. Although Scrypt did a good job of stalling the creation of Litecoin ASICs, they are soon to be released. The properties that made Scrypt ASIC resistant are now the same properties that will make Scrypt ASICs exorbitantly expensive. Therefore in the end, trying to make a coin resistant to ASIC implementation only serves to make it more infeasible for the average person to mine it once ASICs are produced. This is why Blakecoin has been designed to be ASIC friendly. The simplistic nature of the Blake-256 algorithm makes it easier and cheaper to implement in silicon, so if or when Blake-256 ASICs are manufactured, they will be considerably less expensive and also considerably more power efficient than SHA-256 or Scrypt ASICs. GPU mining is excellent because it provides the flexibility to mine just about any coin, but ultimately it is a test bed to determine which coins are good enough to warrant production of dedicated hardware. One more advantage of Blakecoin in this regard is that due to it's support for merged mining, the efficiency of an ASIC would be compounded since it will be possible to mine multiple coins at once.

[new coin]

Looks very promising expressed support

[durnkenWiz]

[uswapme]

wait cryptsy.com  

will take at least couple of weeks i think.

[quarkkid]

Im loving this coin already....Just pointed my all my rigs here , and this is the coolest they'v ran EVER!! Since iv been facing heat vrm heat issuse with my dual-X 280x's...i really cant complain now
Dev is very active and community is growing fast, i think this is a no-brainer. 

[niothor]

I am speaking with as many people as possible and am getting more people involved to help me with this. The task we have is to get people aware of Hirocoin and the X11 hashing algorithm. The target is to set X11 to be the main choice for GPU miners when Scrypt is no longer viable. For now do not worry about price or 'going to the moon'. This is a long term project which will become more relevant over time.

The alternative out there is Scrypt-Jane or Adaptive-N, both of which are somewhat unfriendly to GPU miners. When promoting Hirocoin there are clear benefits, the immediate one being that we are multipool free for now, and further down the line, being the number one GPU miners choice. As I have said before the GPU miners going to Litecoin did amazing things for them, all other Scrypt coins are in Litecoin's shadow. We hope to be the one casting the shadow in X11.

What needs to happen is continued development and marketing to let people know about us both of which I am working on. Anyone else that want to join in come to the Hirocoin forum.

For Now, Seems SHA3 is FPGA miner profit.
For GPUs, Only choice is X11, or Quark.
Quark have Quark, is old...
SO DRK is darkside, And HIRO is bright side?
Interesting.

And HiroS,
Do you really can build some functions new to this coin?
Thank to you effort.

Quark is already going PoS , no more coins to mine anyhow...

[dboylc]

I am speaking with as many people as possible and am getting more people involved to help me with this. The task we have is to get people aware of Hirocoin and the X11 hashing algorithm. The target is to set X11 to be the main choice for GPU miners when Scrypt is no longer viable. For now do not worry about price or 'going to the moon'. This is a long term project which will become more relevant over time.

The alternative out there is Scrypt-Jane or Adaptive-N, both of which are somewhat unfriendly to GPU miners. When promoting Hirocoin there are clear benefits, the immediate one being that we are multipool free for now, and further down the line, being the number one GPU miners choice. As I have said before the GPU miners going to Litecoin did amazing things for them, all other Scrypt coins are in Litecoin's shadow. We hope to be the one casting the shadow in X11.

What needs to happen is continued development and marketing to let people know about us both of which I am working on. Anyone else that want to join in come to the Hirocoin forum.

For Now, Seems SHA3 is FPGA miner profit.
For GPUs, Only choice is X11, or Quark.
Quark have Quark, is old...
SO DRK is darkside, And HIRO is bright side?
Interesting.

And HiroS,
Do you really can build some functions new to this coin?
Thank to you effort.

Quark is already going PoS , no more coins to mine anyhow...

Many Quark Clones you know~

[HiroS]

The idea that ASIC resistance is important for crypto currencies has become widespread, however it is based on a fallacy. The premise is that ASICs are expensive and therefore make mining impractical for the average person. However, the production of ASICs is inevitable if a coin becomes popular enough, as is the case with Litecoin. Although Scrypt did a good job of stalling the creation of Litecoin ASICs, they are soon to be released. The properties that made Scrypt ASIC resistant are now the same properties that will make Scrypt ASICs exorbitantly expensive. Therefore in the end, trying to make a coin resistant to ASIC implementation only serves to make it more infeasible for the average person to mine it once ASICs are produced. This is why Blakecoin has been designed to be ASIC friendly. The simplistic nature of the Blake-256 algorithm makes it easier and cheaper to implement in silicon, so if or when Blake-256 ASICs are manufactured, they will be considerably less expensive and also considerably more power efficient than SHA-256 or Scrypt ASICs. GPU mining is excellent because it provides the flexibility to mine just about any coin, but ultimately it is a test bed to determine which coins are good enough to warrant production of dedicated hardware. One more advantage of Blakecoin in this regard is that due to it's support for merged mining, the efficiency of an ASIC would be compounded since it will be possible to mine multiple coins at once.

That's a very interesting view point and one I had not considered before, use a hashing solution that is easy to make professional mining hardware for as it will be cheaper. This will be interesting if it pans out but think of the BFL Jalapeno (4.5GH) compared to the Minirig (500GH). Even though there is an affordable one there is still the insanely expensive one that outperforms the smaller one by a huge margin.

I would opt to go for GPU miners longer term as this is a very large market and consider that there may not be another round of ASICs if hashing solutions fragment.

[dboylc]

I'm in since yesterday

Go X11 Go 

open with new GPU mine face, friendly coin , unlike maxcoin ,hvc etc.

[cris1987]

THERE ARE NO RESPONSE ABOUT WHEN WE ARE GOING TO SEE A BLOCKCHAIN, WHY IS THAT DEV? MAYBE THE TIME OF BLOCKS IS FASTER THAT YOU SAY ON TOP?

[support@NCT]

www.newcointrade.com

Today we have 2 news.

We have received 2 help tickets about withdraw confirm, they do not check the withdraw security code in email. We change for that
1. Move the withdraw table up, just below balance table.
2. Add withdraw confirm alter messager.
3. Add hint in withdraw confirm window.

24H HIC/BTC market volumn is 31K.

--NCT team

[HiroS]

THERE ARE NO RESPONSE ABOUT WHEN WE ARE GOING TO SEE A BLOCKCHAIN, WHY IS THAT DEV? MAYBE THE TIME OF BLOCKS IS FASTER THAT YOU SAY ON TOP?

You mean to say that blocks right now are going faster than 60 seconds?

We have KGW in place now that most people are familiar with. If you check the code you can see that it is hardcoded to aim for 60 seconds a block, please go check the source code to verify this. It is open source of course and I cannot hide anything from you. There is no reason why someone cannot make an explorer for Hirocoin.

[mikk2k2]

THERE ARE NO RESPONSE ABOUT WHEN WE ARE GOING TO SEE A BLOCKCHAIN, WHY IS THAT DEV? MAYBE THE TIME OF BLOCKS IS FASTER THAT YOU SAY ON TOP?

You mean to say that blocks right now are going faster than 60 seconds?

We have KGW in place now that most people are familiar with. If you check the code you can see that it is hardcoded to aim for 60 seconds a block, please go check the source code to verify this. It is open source of course and I cannot hide anything from you. There is no reason why someone cannot make an explorer for Hirocoin.

+1 Dev. Well done on everything so far!

[bigc1984]

THERE ARE NO RESPONSE ABOUT WHEN WE ARE GOING TO SEE A BLOCKCHAIN, WHY IS THAT DEV? MAYBE THE TIME OF BLOCKS IS FASTER THAT YOU SAY ON TOP?

You mean to say that blocks right now are going faster than 60 seconds?

We have KGW in place now that most people are familiar with. If you check the code you can see that it is hardcoded to aim for 60 seconds a block, please go check the source code to verify this. It is open source of course and I cannot hide anything from you. There is no reason why someone cannot make an explorer for Hirocoin.

You should ask Eduffield if he will let you use dark gravity wave too

[silencesilence]

24H VOL : 10.72797181 BTC 

[Xdragon]

this coin exist for only two days, and it is already on 3 exchanges.nice, smooth launch, no hype.