Bitcoin Forum
June 25, 2018, 03:14:06 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: ASICs are coming soon. Time to start supporting X11 coins?  (Read 466 times)
wtman
Legendary
*
Offline Offline

Activity: 1030
Merit: 1000


View Profile
May 02, 2014, 08:45:29 PM
 #1

I think exchanges should move atleast half of their focus towards strong X11 coins that have a nice community and a committed dev.

Why wait until the day when ASICs destroy traders' confidence in scrypt coins? Why not cut down on your risk and start supporting some good X11 coins? This does make sense if you leave the fear and hate aside for a bit.
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529896446
Hero Member
*
Offline Offline

Posts: 1529896446

View Profile Personal Message (Offline)

Ignore
1529896446
Reply with quote  #2

1529896446
Report to moderator
Rofo
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile WWW
May 02, 2014, 09:30:08 PM
 #2

This does make sense if you leave the fear and hate aside for a bit.

There is no fear and hate from many of us towards ASICs. You do realise even your precious X11 creator embraces ASICs for X11? He just wanted to give the algorithm a couple of years free of them first, just like scrypt has done.

cozk
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
May 02, 2014, 09:39:08 PM
 #3

X11 is already mined with FPGA in china.

I wouldnt mine this with my GPU knowing im getting fucked by chinese.
dasource
Hero Member
*****
Offline Offline

Activity: 823
Merit: 1000


View Profile
May 02, 2014, 09:44:36 PM
 #4

X11 is already mined with FPGA in china.

I wouldnt mine this with my GPU knowing im getting fucked by chinese.
If you are going to make a claim like that then you need to back it up.

^ I am with STUPID!
cozk
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
May 02, 2014, 09:51:47 PM
 #5

X11 is already mined with FPGA in china.

I wouldnt mine this with my GPU knowing im getting fucked by chinese.
If you are going to make a claim like that then you need to back it up.

Read on the forum some people are talking about it.

Not really my claim. I do believe its happening.
tromp
Hero Member
*****
Offline Offline

Activity: 570
Merit: 512


View Profile
May 02, 2014, 10:05:27 PM
 #6

Not really my claim. I do believe its happening.

It is to be expected.

Make a new proof-of-work by throwing a bunch of ASIC-friendly hash-functions together
=> expect to resist ASICs for a few years
=> expect to resist FPGAs for a few months
=> expect to resist GPUs for a few weeks

Better to have true resistance by requiring hundreds of MB of memory...
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!