Gulden bringing CPU mining back with SIGMA

[Tsegicalicol]

SIGMA goes live on the 16th October. This is like a reset for users that never got to experience CPU mining with bitcoin with a coin that is constantly developing.

https://medium.com/@Gulden/sigma-is-here-c33724e6de5d

https://medium.com/@MacLeod_MJ_za/an-introduction-to-sigma-the-new-cpu-friendly-algorithm-for-gulden-9395b2db9357

Gulden is the most underrated coin in crypto history to this point. Other innovations which make this blockchain immune to 51% below.

https://medium.com/@MacLeod_MJ_za/pow%C2%B2-explored-a-post-launch-look-at-some-of-the-security-implications-2773fc11e50c

[TinaK]

Already GPU mining market went down and I am not sure how this cpu mining is possible to grow in this time. Please study the mining market before you start into it.
Core process of CPU will be damaged right? If it is different instead of link you can explain it.

[CjMapope]

i dont have much faith in "CPU coins", tho the medium article SOUNDS like they want to be able to change it as much as needed, like XMR
most of them have private GPU miners within 24 hours tho, and public ones within a few days : /
FPGAs come within 30 days after that or less if the algo is worth it
Ill take a look into this, but i doubt it will bring CPU mining back for long, the best implementation was imo zcoin,before mtp they did a 1:1 cost thing on cpu/gpu and did it pretty well

[Tsegicalicol]

i dont have much faith in "CPU coins", tho the medium article SOUNDS like they want to be able to change it as much as needed, like XMR
most of them have private GPU miners within 24 hours tho, and public ones within a few days : /
FPGAs come within 30 days after that or less if the algo is worth it
Ill take a look into this, but i doubt it will bring CPU mining back for long, the best implementation was imo zcoin,before mtp they did a 1:1 cost thing on cpu/gpu and did it pretty well

Looks to be holding strong as a CPU algorithm. No signs of GPU mining yet.

[xMindx163]

Already ran miners. Profit at the level of some other CPU coins. Thank you authors here is such topics)

[Tsegicalicol]

There was 2 complaints from miners from China that they don't have any place to sell Gulden as it's only listed on Bittrex and Nocks which I don't think they have access too.
However it's a great coin to mine if you from Europe and especially NL as their is merchants that accept the coin.

It's also one of the few minable coins that are investing in development.

1. Witnessing - complete
2. Linked of your mobile wallets to your desktop wallets. Decentralized linking. Complete.
3. PoW2 - Phase 1-3 complete, phase 4 early next year.
4. SegSig coming next month which is 58% saving on all blockchain transactions. SegWit was around 30%.

[WhyMe]

I don't see miner. It's in wallet ?
I'm syncing for now ...

[HuangWan]

Does anyone know if Yobit exchange is scam exchange? I can trade on this one. Have asked for them to confirm if Gulden wallet is working but no reply. I don't understand why this coin not on any main Asian exchanges.

Edit: Yobit looks to be Scam exchange
https://bitcointalk.org/index.php?topic=4327871.0

[Elder III]

Does anyone know if Yobit exchange is scam exchange? I can trade on this one. Have asked for them to confirm if Gulden wallet is working but no reply. I don't understand why this coin not on any main Asian exchanges.

Edit: Yobit looks to be Scam exchange
https://bitcointalk.org/index.php?topic=4327871.0

Many miners with extensive experience (ie those that mined way before the 2017 bull run) refer to Yobit as "Yoshit" due to how crappy and dishonest they are.  Don't waste any time or funds on that exchange.

[adaseb]

The issue with these CPU mining only and Satoshi's original "One CPU One Vote" is that even though there are no ASICs there can still be some type of centralization and we have observed this with Monero throughout the years before they had to start changing their algo.

Monero was very famous for botnets, basically thru malware and viruses it infected thousands of computers which would secretely mine the coin without the owners permission. I observed this on my Grandma's computer even when I noticed that her CPU was always 100% and her laptop was always running hot and loud.

So even if this coin has a huge market cap, there will still be some type of centralization even though its CPU only. That's why a hybrid of CPU and GPU is the best algo for decentralization.

[Marvell2]

I don't see miner. It's in wallet ?
I'm syncing for now ...

thats a problem with this coin you have to mine from your wallet

[joblo]

Does anyone know if Yobit exchange is scam exchange? I can trade on this one. Have asked for them to confirm if Gulden wallet is working but no reply. I don't understand why this coin not on any main Asian exchanges.

Edit: Yobit looks to be Scam exchange
https://bitcointalk.org/index.php?topic=4327871.0

Considering how many exchanges have crashed and burned in scandal Yobit has been around for several years,
that says something. I haven't been burned by Yobit but I wouldn't call it a well run exchange.

[joblo]

A problem I see with CPU coins is that many use measures that limit their appeal,
kind of self defeating IMO. Whether intentional or not they remain ASIC resistent by
staying under the radar.

Changing algos frequently is not a good strategy. It creates more work for miners to keep up.
Every fork is a race to get the new miner up and running before everyone else.

Some of the new CPU algos ar every interesting as they use permutable algorithms. In effect,
they don't hash data, they hash code. The blockheader data is treated as a program that must
be compiled and executed to produce the hash. everytime the data changes it must be recompiled.

In effect this means an ASIC would have to be a form of CPU, a lot more complex to implement
than a static algorithm.

[flappie]

Here are some figures for Gulden CPU mining:
Now mining 269 individual miners.
Minimal 182 miners found a block the last 24h
There are 581 Blocks mined the last 24H. So you can see the wealth is widely spread and not clustered to a dozen of miners.
see https://www.dactual.com/minedby.php

a manual for mining: https://medium.com/coinmonks/mining-gulden-d4fe8c690939

But even more interesting than mining is witnessing with Gulden

a manual for witnessing: https://medium.com/@aat.de.kwaasteniet/gulden-witnessing-163cb0eae289

[Tsegicalicol]

The main developer also released an article today on SIGMA's performance combined with Witnessing and how secure it is. This is why this coin is worth mining as it's backed by really top development.

https://medium.com/@MacLeod_MJ_za/a-post-launch-look-at-sigma-performance-70794d835b8c

[Marvell2]

Here are some figures for Gulden CPU mining:
Now mining 269 individual miners.
Minimal 182 miners found a block the last 24h
There are 581 Blocks mined the last 24H. So you can see the wealth is widely spread and not clustered to a dozen of miners.
see https://www.dactual.com/minedby.php

a manual for mining: https://medium.com/coinmonks/mining-gulden-d4fe8c690939

But even more interesting than mining is witnessing with Gulden

a manual for witnessing: https://medium.com/@aat.de.kwaasteniet/gulden-witnessing-163cb0eae289

witnessing u have to lock up your coins for 3 years to get the max of six percent yuck

its only good for the olds school gulden whales and probably devs

[Tsegicalicol]

Here are some figures for Gulden CPU mining:
Now mining 269 individual miners.
Minimal 182 miners found a block the last 24h
There are 581 Blocks mined the last 24H. So you can see the wealth is widely spread and not clustered to a dozen of miners.
see https://www.dactual.com/minedby.php

a manual for mining: https://medium.com/coinmonks/mining-gulden-d4fe8c690939

But even more interesting than mining is witnessing with Gulden

a manual for witnessing: https://medium.com/@aat.de.kwaasteniet/gulden-witnessing-163cb0eae289

witnessing u have to lock up your coins for 3 years to get the max of six percent yuck

its only good for the olds school gulden whales and probably devs

The Witness rewards are going up 50% which will make the rate 9%, compared to Euro savings interest rate of 0% , if you suck at trading and want more coins for the long terms it's a good way to go.

[CryptoObserver]

Here are some figures for Gulden CPU mining:
Now mining 269 individual miners.
Minimal 182 miners found a block the last 24h
There are 581 Blocks mined the last 24H. So you can see the wealth is widely spread and not clustered to a dozen of miners.
see https://www.dactual.com/minedby.php

a manual for mining: https://medium.com/coinmonks/mining-gulden-d4fe8c690939

But even more interesting than mining is witnessing with Gulden

a manual for witnessing: https://medium.com/@aat.de.kwaasteniet/gulden-witnessing-163cb0eae289

witnessing u have to lock up your coins for 3 years to get the max of six percent yuck

its only good for the olds school gulden whales and probably devs

The Witness rewards are going up 50% which will make the rate 9%, compared to Euro savings interest rate of 0% , if you suck at trading and want more coins for the long terms it's a good way to go.

Fiat currencies only decrease in purchasing power over time, alt coins could be higher in 3 years, which could increase the 9% to over 100% depending on the value of coin after 3 years.

[flappie]

Here is a new report about Mining Gulden https://docs.google.com/document/d/1glOMiPwR4FTuni_yEXoFcbXf2xf9QsvA5_01Dx_1KUE/edit?usp=sharing

[john1010]

There's a lot of people who are hyped into mining are now suffered big time lost on their investment  on GPU, CPU, HDD and ASIC mining, I bought Dozen of GPU but a month later, GPU mining collapse. For me much better to do trading and Masternode mining.