Poll: Which algorithim should ★★ DigiByte ★★ switch to?

[DigiByte]

With KNC announcing their first batch of ASICs will deliver 250 MH a piece a lot of GPU miners will be looking to switch to an ASIC resistant coin.  Which algorithm would you like to see DigiByte switch to? Or should we stick with Scrypt?

[Gazza1]

I voted X11.  Otherwise I would vote stay scrypt and see how the ASICs go.

[Scyntech]

I actually need my CPU power right now, so that isn't an option for me. Something that would work well with my 7850 or any GPU for that matter would be best in my opinion. New tech is going to come out for all levels of mining at some point. Choose your flavor I suppose. One thing is certain, I won't be dropping $10k for hardware at any point.

[makishart]

x11 is asic proof for the moment.. but the most important to me is the less energy gets wasted.

[iikun]

x11 is asic proof for the moment.. but the most important to me is the less energy gets wasted.

The power saving is the thing for me as well.

[DigiByte]

x11 is asic proof for the moment.. but the most important to me is the less energy gets wasted.

The power saving is the thing for me as well.

This does make X11 more attractive. The question is will someone write some better coded mining software the fully utilize the GPU.

[chosetime]

x11 is asic proof for the moment.. but the most important to me is the less energy gets wasted.

The power saving is the thing for me as well.

This does make X11 more attractive. The question is will someone write some better coded mining software the fully utilize the GPU.

Not a good judge their strengths and weaknesses, so I followed the crowd, we go to do before I do it.

[iikun]

x11 is asic proof for the moment.. but the most important to me is the less energy gets wasted.

The power saving is the thing for me as well.

This does make X11 more attractive. The question is will someone write some better coded mining software the fully utilize the GPU.

Is it possible to hardwire the inefficiency into the code do u think? 

[DigiByte]

We are taking a very hard look at SHA-3 Keccak.

SHA stands for "Secure Hashing Algorithm" and is set by the National Institute of Standards and Technology (NIST).

http://en.wikipedia.org/wiki/Secure_Hash_Algorithm

SHA-0 Has been exploited.
SHA-1 Has been exploited.
SHA-2 What Bitcoin uses & most cryptos.
SHA-3 Next generation super secure hash. Maxcoin implemented SHA-3 Keccak

We have been researching much more into Keccak.
http://keccak.noekeon.org/
http://en.wikipedia.org/wiki/SHA-3

What really caught our attention:

Keccak excels in hardware performance, with speed/area trade-offs, and outperforms SHA-2 by an order of magnitude.

Keccak has overall good software performance. It is faster than SHA-2 on modern PCs and shines when used in a mode exploiting parallelism.

Rumor has it a GPU miner for Keccak has already been developed. We are thinking we can modify Keccak for GPUs.

[DigiByte]

Does anyone have any feed back on mining Maxcoin?

[Xdragon]

Does anyone have any feed back on mining Maxcoin?

It is mineable from the start with GPU ati and nvidia, x11 is much more power efficient

[IloveAnonCoin]

x11 is asic proof for the moment.. but the most important to me is the less energy gets wasted.

https://bitcointalk.org/index.php?topic=540160.0

I saw many altcoins say they are ASIC resistant because of X11 and SHA3. First time, I saw this statement, I decided to keep quite a while, because I think no one will believe that, turn out I saw much topics that claim X11 and SHA3 are algorithm for ASIC resistant. I think before this believes go wire spread more than the current situation, I need to do something. To let people know, what they are believe is TOTALLY wrong......WHY ?

X11 and SHA3 ( Keccak ) are not ASIC resistant at ALL, according to NIST (National Institute of Standards and Technology), if an algorithm wants to become SHA3 candidate during that time; one thing that algorithm must have is it need to be able to create by ASIC. AND every algorithm in X11 used to be SHA3 candidate until Keccak wins the competition and become SHA3.


Reference paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

I hope, this is the topic will help someone who got misunderstanding that X11 and SHA3 are ASIC resistant change they believe before it will repeat step Bitcoin.

Here is the reponse from Darkcoin dev

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.


Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

[Coinmin]

We are taking a very hard look at SHA-3 Keccak.

SHA stands for "Secure Hashing Algorithm" and is set by the National Institute of Standards and Technology (NIST).

http://en.wikipedia.org/wiki/Secure_Hash_Algorithm

SHA-0 Has been exploited.
SHA-1 Has been exploited.
SHA-2 What Bitcoin uses & most cryptos.
SHA-3 Next generation super secure hash. Maxcoin implemented SHA-3 Keccak

We have been researching much more into Keccak.
http://keccak.noekeon.org/
http://en.wikipedia.org/wiki/SHA-3

What really caught our attention:

Keccak excels in hardware performance, with speed/area trade-offs, and outperforms SHA-2 by an order of magnitude.

Keccak has overall good software performance. It is faster than SHA-2 on modern PCs and shines when used in a mode exploiting parallelism.

Rumor has it a GPU miner for Keccak has already been developed. We are thinking we can modify Keccak for GPUs.

But already there are several types of ASICs for SHA3. I think this is not the best choice.

[bittick]

if youre gonna hard fork it, then do something useful, like anonymize the transactions a bit more. See what DRK did

[wasamata]

What determines power efficiency is the profitability of the mining.
This is influenced more by the price of the coin, less so the algorithm!

[iikun]

if youre gonna hard fork it, then do something useful, like anonymize the transactions a bit more. See what DRK did

This would be an interesting move. It would no doubt be attractive for merchants who didn't want customers/competitors using the bitchain to gauge their sales etc, but I suppose equally it would prove helpful to track transactions from a regulatory point of view, or in the case of a goxxing.