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

[Kazimir]

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.

Fair point.

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

U're welcome

WOw

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

ITs amazing!!!

So, exactly what is the use of this?

If it's more than twice as cheap (in terms of energy consumption) to mine groestl, twice as many people will start mining it, difficulty (and thus, energy cost) goes up twice. Advantage: exactly nothing.

Think about it.

There is no "more or less energy efficient". There may be just "more CPU efficient, relatively to GPU or ASIC". Mind the "relatively", it's crucial.

[child_harold]

WOw

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

ITs amazing!!!

Than why to drop "energy efficient"?

Less power does not equal "energy efficient"
since:
2x hashrate = 2x difficulty = staus quo

But i do wonder whether the energy footprint of the network as a whole could be reduced with AES HW implementations

More importantly Groestlcoin reduces the efficiency gap between different platforms

[guidosuller]

My 3 r9 280x running 765kh/s in scrypt
Core clock 1080
Mem clock 1500
Temps: 70c-74c
Fan RPM: 2800 - 3000 (85%)
1100W

My 3 r9 280x running 765kh/s in groestl
Core clock 1150
Mem clock 1500
Temps: 60c-65c
Fan RPM: 1200-1400 (50%)
500W

Long life to my miner!!!



 

[mikk2k2]

Might be a good idea to use these ASIC devices to our advantage - If we set up a MultiPool for script coins that the ASICs can mine then we sell the coins and buy Groestl in turn helping the price then we pay out in Groestl.

[Kazimir]

I believe that the bulk of the miners are directed by whatever coin is the more profitable to mine at the moment X.

Agree.

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, in the end, only profitability as a percentage is what really counts. The percentage of gains vs costs. X amount of money buys me an amount of energy that allows to perform a number of hashes that result in mining an amount of some particular altcoin that is worth Y amount of money. X and Y are expressed in some unit of money (USD, BTC, the particular coin you're mining, doesn't matter). Now Y/X is the profitability, this is the only number that really matters (and should be larger than 1).

[FiR3]

Kazimir - you're right here, but at the current price, I still don't believe it's the most profitable coin out there.
Haven't done the math, though, so could be wrong..

[Xenocyde]

Kazimir - you're right here, but at the current price, I still don't believe it's the most profitable coin out there.
Haven't done the math, though, so could be wrong..

According to WhatMine, GRS is the third most profitable coin. First is an X11 coin called Logicoin, second is a scrypt-N called SiliconValleyCoin. As you can see, X11 and Groestl are among the first and scrypt is taking a step back.

[FiR3]

Thanks for the link, Xenocyde, but I can't seem to find the field for the Grostl algorithm input.
Is there any?

[Xenocyde]

No there's no field for GRS since it's the sole coin to use that algo for now.

[FiR3]

In that case, how can you compare results?

For example, inputing 2000 KH/s for scrypt and using "Adapt Hybrid-Scrypt-Hash256 From Sha-256 AND Scrypt-N-Factor Scrypt-Jane and Keccak values from Scrypt input", Groestlcoin is on the bottom of the list.
Pow. Consumption 1000 Watts     Pow. Cost: 0.15 USD kw/h 

Check it.

[Xenocyde]

In that case, how can you compare results?

For example, inputing 2000 KH/s for scrypt and using "Adapt Hybrid-Scrypt-Hash256 From Sha-256 AND Scrypt-N-Factor Scrypt-Jane and Keccak values from Scrypt input", Groestlcoin is on the bottom of the list.
Pow. Consumption 1000 Watts     Pow. Cost: 0.15 USD kw/h  

Check it.

I don't calculate consumption and power costs since I have free electricity.

[FiR3]

That was not my point.

Enter any desired value in that form for scrypt with auto calc for other algos and see that Groestl is still at the bottom of the list.
At least, that's the results that I get.


Also, I don't believe the results to be accurate and have different values than the one their engine comes up with, but that's another discussion.
Even more, different algos suck up different power, which is not taken into account, I believe.

[Xenocyde]

Here's how I calculate.

=8&hashRates[12]=350&hashRates[14]=5600&algoAdapter=on&hashRates[1]=3.2&hashRates[2]=1400&hashRates[4]=700&hashRates[5]=245&hashRates[3]=812&power_consumption=0&power_cost=0&oreDiff=21600&volumeType=total&volumeMin_BTC=-1&wm_currency=USD&exchangers[]=4&exchangers[]=6&exchangers[]=7&exchangers[]=1&exchangers[]=8&orderBy=0]http://whatmine.com/?search=1&hashRates[13]=8&hashRates[12]=350&hashRates[14]=5600&algoAdapter=on&hashRates[1]=3.2&hashRates[2]=1400&hashRates[4]=700&hashRates[5]=245&hashRates[3]=812&power_consumption=0&power_cost=0&oreDiff=21600&volumeType=total&volumeMin_BTC=-1&wm_currency=USD&exchangers[]=4&exchangers[]=6&exchangers[]=7&exchangers[]=1&exchangers[]=8&orderBy=0

[allcrypt]

GroestlCoin has been added to AllCrypt.com!

[child_harold]

http://www.cafepress.com/mf/69818347/scrabble-like-tile-letter-g_baseball-jersey?pro…

Well the merchandising part is easy

[neutraLTC]

i like the slogan

Democratizing Mining

[guidosuller]

Intel Core i7 3930k stock = 1875kh/s

[Dhamon]

Intel Core i7 3930k stock = 1875kh/s

Could you please post your settings?

[child_harold]

i like the slogan

Democratizing Mining

Thanks. I like it too

[FiR3]

Hey everyone,

I would like to kindly ask the miners out there to please switch from dwarfpool to one of the smaller pools.
The reason for this is to avoid monopolization problems such as a 51% attack.

By no means am I accusing dwarfpool owners of anything. I have had a good experience with it myself.
It's just a reminder that, for the network to be healthy, we should go with the way of the precautionary principle.


Here are the best options, in a subjective order:
1. CryptoHunger - pool admined by the coin's dev, srcxxx. https just added / multi core server, DDOS protected / 0.8% proportional fee - fees and donations go to GroestlCoin promotion (!!).
2. CoinMine.pl - the smallest pool, but, from what I understood, with a friendly staff. Give these guys a hand!
4. grs.5limi.com - Chinese pool admined by whyyk7.
3. grs.suprnova.cc - one of the "oldest 3" pools. I have used them without any problems until changing to cryptohunger.
4. CPU-Pool.net - another big player, part of the "oldest 3". Did not test, but reckon that the ~300 miners currently on the pool are satisfied. They have the second hashrate overall, so they would not need any extra miners.

Happy hashing!