[ANN][GRS] Groestlcoin | 1st to activate Segwit & Taproot

[xianzhi]

I was digging, expect prices to rise

[guidosuller]

I was digging, expect prices to rise

patience, it's early

[child_harold]

I'm the dev of GroestlCoin and I thought I need to share some of my thoughts on this.
(I apologise in advance for a lengthy and non-structured email, it's getting quite late here in New Zealand)

First of all, I always wanted GRS to be a community coin. So please, if you have any recommendations or suggestions, share them.
Do you think that we need to add some feature to the coin or do you feel that some important aspect is not represented (like no dice games in GRS or no Android wallet, whatever) - just post this in the thread.

Small suggestion in the pursuit of accuracy:

Get rid of the claim that Groestl is ASIC resistant.  There have already been evaluations of the core Groestl hash function on ASICs as part the work that was done leading up to the SHA3 competition.  It's absolute nonsense to make any such claim.  If GRS were to be as successful as scrypt, there would be an asic for it -- much faster than for scrypt, because it's relatively straightforward.

Instead, be more accurate:  Point out that Groestl can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations.

+1000

Well said.

The ASIC resistant claim is invalid, as it is with all algos.

Point out that Groestl can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations.

Superb!

I would also point out that some ARM chips feature hardware AES support. There already exists an ARM NEON implementation. Someone with the right skillz just needs to put it into cpuminer. 35k BOUNTY

And what about this slogan?

Democratizing Mining

[MinerSVK]

Functional miner for ARM processors = PR by itself. If I understand,  it would be possible mining at mobile phones and tablets ?

Of course mining tablet is the principle of nonsense, but any Media that likes to get caught.

[child_harold]

Functional miner for ARM processors = PR by itself. If I understand,  it would be possible mining at mobile phones and tablets ?

Of course mining tablet is the principle of nonsense, but any Media that likes to get caught.

1) If the tablet ARM miner had a similar power efficiency (hashrate/watt) which it probably would that would be doubly huge. And if it had greater power efficiency (with AES hw support) that would be…

2) ARM procs with AES hw accelerators (Groestl likes these) will begin shipping in more laptops, small desktop systems, and HTPC like systems)

3) Google will begin designing new server farms based on ARM architecture

This coin will be mined for years to come. Getting ARM integration sorted now is massive imo ARM is clearly the architecture of the future.

4) according to Christian Buchner of ccmienr fame, since the ARM NEON implementation already exists (!!!!!) all that needs to be done is for it to be integrated into cpuminer

35k BOUNTY > ARM miner
10k BOUNTY > Android Wallet

[MinerSVK]

Pump and dump ina five minute 

[stizz]

this table is amazing!!!

***AMD Radeon R9 290 (9.8 MH/s)=100%
***Nvidia GeForce GTX 780 Ti (9 MH/s)=92%
**AMD Radeon R9 280X (7.7 MH/s)=78%
**AMD Radeon 5850 (6 MH/s)=61%
Intel Xeon E5 2697 v2 (4.4 MH/s)=45%
NVidia 750Ti (3.3 MH/s)=34%
Intel Core i7 3930K (2.3 MH/s)=24%
Intel Core 2 Quad 9550 (1.2 MH/s)=12%


Wellcome all miners!!!happy mining!!!

Some additional numbers:

Intel Xeon E5 1650 (1.75 MH/s)
NVidia 650Ti (1.95MH/s)

[srcxxx]

HTTPS has been added to the CryptoHunger pool.

Use https://grs.cryptohunger.com to login.

New miners - you are always welcome, please join and spread the hash.
Our pool is 0.8% proportional, multi core CPU, hosting in San Francisco.

All fees go towards GroestlCoin promotion.

[FiR3]

f#ck yeah!!  

as srcxxx said, join the pool!

[jdebunt]

We completed our GroestlCoin article!

http://www.cryptoarticles.com/crypto-news/2014/4/23/groestlcoin-efficient-mining-on-both-cpu-and-gpu#

[child_harold]

Excellent and thank you!

Perhaps you could also throw this in as mentioned by a shrewd user above:

Groestl can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations.

We are also therefor very excited to see what a latest generation ARM NEON cpuminer with AES support can achieve for Groestlcoin, particularly in terms of power efficiency. A Groestl implementation for ARM NEON exists already and someone just needs to add it into cpuminer. We are offering a BOUNTY of 35k GRS for this ARM miner.

We completed our GroestlCoin article!

http://www.cryptoarticles.com/crypto-news/2014/4/23/groestlcoin-efficient-mining-on-both-cpu-and-gpu#

[yvg1900]

this table is amazing!!!

***AMD Radeon R9 290 (9.8 MH/s)=100%
***Nvidia GeForce GTX 780 Ti (9 MH/s)=92%
**AMD Radeon R9 280X (7.7 MH/s)=78%
**AMD Radeon 5850 (6 MH/s)=61%
Intel Xeon E5 2697 v2 (4.4 MH/s)=45%
NVidia 750Ti (3.3 MH/s)=34%
Intel Core i7 3930K (2.3 MH/s)=24%
Intel Core 2 Quad 9550 (1.2 MH/s)=12%


Wellcome all miners!!!happy mining!!!

Some additional numbers:

Intel Xeon E5 1650 (1.75 MH/s)
NVidia 650Ti (1.95MH/s)

Using which miner? Data for CPUs in quoted table is outdated - yam demonstrates much better hashrates on all CPUs, especially Haswells with AVX2.

[Kazimir]

This is just plain retarded. Isn't mining supposed to be NOT efficient? I mean, if mining were so efficient, more people will start mining, so difficulty goes op, so mining becomes less efficient. The actual algorithm behind it, whether it be SHA256, Scrypt, or any of the SHA3 candidates like Groestl, doesn't make a shit difference. Well, to some extent, scrypt could make ASIC mining less feasible. Otherwise, no difference whatsoever.
 
Sounds like a completely useless sales pitch for yet another obsolete coin. Just the makers hoping to get rich quick by this utter "less noise, less heat and less electricity" bullshit.

[dga]

This is just plain retarded. Isn't mining supposed to be NOT efficient? I mean, if mining were so efficient, more people will start mining, so difficulty goes op, so mining becomes less efficient. The actual algorithm behind it, whether it be SHA256, Scrypt, or any of the SHA3 candidates like Groestl, doesn't make a shit difference. Well, to some extent, scrypt could make ASIC mining less feasible. Otherwise, no difference whatsoever.
 
Sounds like a completely useless sales pitch for yet another obsolete coin. Just the makers hoping to get rich quick by this utter "less noise, less heat and less electricity" bullshit.

You're half right.  But power is only half of the equation - the amortized cost of the hardware is the other half.  Mining ASICs demonstrate this pretty clearly - more capital cost and lower power cost.

But most of Groestl's "energy efficiency" is because the implementations were/are slow.  Yam uses a lot of power on a CPU.  Christian has already noted that their super-groestl uses more power on a GPU.

[luckygenough56]

make it POS and it will go into sky within days. POS + best algo. Simple as that.

[FiR3]

Kazimir, I may misunderstand you, but doesn't this affirmation

This is just plain retarded. Isn't mining supposed to be NOT efficient? I mean, if mining were so efficient, more people will start mining, so difficulty goes op, so mining becomes less efficient.

contain a false cause fallacy?

I believe that the bulk of the miners are directed by whatever coin is the more profitable to mine at the moment X.
Thus, only if the price of GRS were to go up, that is what would determine a surge in net hashpower => greater difficulty => less coins/(k/M)hash.

I think you are mistaking the cause for the effect. It's, actually, vice versa.


So, to quote your signature, in theory, all the miners would start mining just because it's easy to mine => 'less efficiency' (if by this you're referring to investment return/hash unit).
In practice, if the exchange rate stays constant, there would be no logical reason for miners to mine it, if other coins rise in value, would it?

Just my 2¢...

[MinerSVK]

Too many theoretical-philosophical shit and difficulty / price have still decreasing tendency. Last 24 hours showed naked true: only 10 BTC can fired up or down GRS. And that is a problem

Kiddy"s fight for own truth brought nothing

[child_harold]

This is just plain retarded. Isn't mining supposed to be NOT efficient? I mean, if mining were so efficient, more people will start mining, so difficulty goes op, so mining becomes less efficient. The actual algorithm behind it, whether it be SHA256, Scrypt, or any of the SHA3 candidates like Groestl, doesn't make a shit difference. Well, to some extent, scrypt could make ASIC mining less feasible. Otherwise, no difference whatsoever.
 
Sounds like a completely useless sales pitch for yet another obsolete coin. Just the makers hoping to get rich quick by this utter "less noise, less heat and less electricity" bullshit.

You are of course correct about the "energy efficiency" assertion.
2x hashrate = 2x difficulty = staus quo
You may observe I have pointed this out myself in the past.

Plus further optimizations will also increase the power draw.

We were planning on dropping the "energy efficient" and "asic resistance" messaging before you politely joined the thread.

The real advantage of Groestl is that it can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations. The reason Groestl benefits from AES HW support is because Groestl itself bears a striking similarity to AES and utilizes an AES S-box. In this way it is destined to work well on all platforms with AES implementations, including latest generation ARM procs. Additionally the Groestl algo demonstrates a resistance to paralleization with would reduce ASIC advantage.

The new messaging will be along the line of:

Excellent performance on multiple platforms + reduced ASIC advantage* = ultimate PoW = democratized mining = Groestlcoin.

This statement is true. Not PR.

thanks Kazimir. You have helped to teach me self-restraint  


*Adam Back cited this as being a measure of an improved PoW algo.

btw it may be that AES HW implementations can help reduce the energy footprint of the network as a whole.

[guidosuller]

WOw

my miner in scrypt had 1100W of consumption
my miner in groestl had 500W

ITs amazing!!!

[alinutu78]

WOw

my miner in scrypt had 1100W of consumption
my miner in groestl had 500W

ITs amazing!!!

Than why to drop "energy efficient"?