[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

[Teka]

Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.

i wonder where this whale gets 700gh of hash from?

Some people said it was atcsecure's personal farm. I don't believe that though.

Personal farm of what?  x11 asics?

x11 fpgas, he actually posted here link to the x11 fpga code.

This remains me of Apple.

It was fud that was spread by a few members of the other team. They had no clear proof of anything.

[luckygenough56]

damn getting fpga before everyone on the next sheet algo is the way to go

[cryptohunter]

Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.

i wonder where this whale gets 700gh of hash from?

Some people said it was atcsecure's personal farm. I don't believe that though.

Personal farm of what?  x11 asics?

x11 fpgas, he actually posted here link to the x11 fpga code.

The advantage of fpga i though was in terms of electricity used only? how many  fpga would you require for 700gh?  

Why would he cut mining short in that case ?  

what speed do these run at anyway

Who ever it was, x11 is now useless for gpu miners obviously... this coin has proven that much for sure.

[SwedishGirl]

bitcoin is already accused to be a money laundering machina. Xc might even update the game 

Ben Lawsky already said the government might be looking to ban coinjoin, imagine the crash in DRK if that happens.

[luckygenough56]

yes now hashrate on new x11 coins is incredibly higher than before. Something happened. Or just more farmers doubling their farm as electricity cost is twice less on x11. Plus botnets plus eventually fpga.

I missed December when u could instamine some coins under the radar with only a R9 290 haha.

[SwedishGirl]

I love it how Teka keeps repeating:

loljosh is not part of the dev team

Nobody thinks he is! But we all know he was paid to deliver the base code for the coin. Now admit this and let's move on.

[luckygenough56]

bitcoin is already accused to be a money laundering machina. Xc might even update the game 

Ben Lawsky already said the government might be looking to ban coinjoin, imagine the crash in DRK if that happens.

Yeah i don't know if best interest of crypto is go to more transparency or the opposite. Future will tell.

[kobaya74]

  Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

[cyberhacker]

REQUEST TO SWEDISH GIRL:

would you please kindly take a rest about 3-4 hours in one day?

leave this thread some space for meaningful discussion.

Thanks wholeheartedly.

[luckygenough56]

 Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

i did not even update lol. I was still mining at 2.5 mh per r9 290. Damn.

[AlexGR]

Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.

i wonder where this whale gets 700gh of hash from?

I cannot figure that out myself. The only scenario that seems plausible to me is NSA.

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

However, to control a POS crypto it would require a totally different "vector" namely the acquisition of ~30-35% of the coins (and use them for staking into a comfortable 51% control due to others non-staking). If they already have the hardware, buying the coin off the market would be a no-brainer as it would skyrocket the price. So why not mine it?

All the other scenarios don't make sense to me. Renting GPUs for XC? No sense. It'd need hundreds of thousands of GPUs, too many micromanagement deals to achieve that type of hashpower etc etc. FPGAs are not that fast, it would need thousands. Even for ASICs it would take a couple hundred ASICs assuming a "bad" scenario of 1000:1 acceleration over a GPU (3 GHs per ASIC) - so a few prototypes wouldn't cut it. Fake hashes are a known pool/stratum issue, so I don't see how they could affect the network hash.

Also, if it was private ASICs / FPGAs they would be mining other coins, not do a one-off appearance just for XC. Why wouldn't a ASIC / FPGA owner not use them for ordinary mining?

CPU botnets are also out of the question due to the CPU hashrates of modern coins. Even an entire million of botnet infected PCs at 200khash average per PC would give only 200 gigahash.

If anyone has a better scenario I'm all ears.

Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

Yeah but here we are talking about nearly 0.8-1 TH at peak. That's insane even at 4 MH per card (200.000 to 250.000 GPU). Where is all that power the other days? How can it be one off? Yes, some hashrate of normal miners went to XC and went back to DRK and other coins. But it wasn't dramatic when it left and when it returned to other coins. I estimate the normal x11 hashing power during the pow phase at ~200-300 gigahash top. The rest is problematic to explain.

[luckygenough56]

So hybrid pos/pow coins are less open to attacks than pure pos ? Maybe going back to that is the way even with low block rewards, if it makes the coin more secure.

[CrazyLeoW]

Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.

i wonder where this whale gets 700gh of hash from?

I cannot figure that out myself. The only scenario that seems plausible to me is NSA.

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

However, to control a POS crypto it would require a totally different "vector" namely the acquisition of ~30-35% of the coins (and use them for staking into a comfortable 51% control due to others non-staking). If they already have the hardware, buying the coin off the market would be a no-brainer as it would skyrocket the price. So why not mine it?

All the other scenarios don't make sense to me. Renting GPUs for XC? No sense. It'd need hundreds of thousands of GPUs, too many micromanagement deals to achieve that type of hashpower etc etc. FPGAs are not that fast, it would need thousands. Even for ASICs it would take a couple hundred ASICs assuming a "bad" scenario of 1000:1 acceleration over a GPU (3 GHs per ASIC) - so a few prototypes wouldn't cut it. Fake hashes are a known pool/stratum issue, so I don't see how they could affect the network hash.

Also, if it was private ASICs / FPGAs they would be mining other coins, not do a one-off appearance just for XC. Why wouldn't a ASIC / FPGA owner not use them for ordinary mining?

CPU botnets are also out of the question due to the CPU hashrates of modern coins. Even an entire million of botnet infected PCs at 200khash average per PC would give only 200 gigahash.

If anyone has a better scenario I'm all ears.

Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

Yeah but here we are talking about nearly 0.8-1 TH at peak. That's insane even at 4 MH per card (200.000 to 250.000 GPU). Where is all that power the other days? How can it be one off? Yes, some hashrate of normal miners went to XC and went back to DRK and other coins. But it wasn't dramatic when it left and when it returned to other coins. I estimate the normal x11 hashing power during the pow phase at ~200-300 gigahash top. The rest is problematic to explain.

Don't forget CHINA. Chinese miners have the greatest mining power.
They might have huge GPUs, FPGAs, and ASIC that you can't imagine. As far as I know, there're so many miners that have 300+ GPUs(280x or even 290).

[7vpo]

I guess botnet mining not possible for X11 algo.

Because not available 32 bit miners. Need re-compile. Compile issues very hard.

Right ?

If this true, good for X11. Diff is stay suitable.

[ibfragalot2]

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

Safe to assume? Yeah... oh, you know, they could do something more practical like make it illegal, 10 years minimum, shut down the exchanges MPAA style, and have the same effect.

[wevus]

Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.

i wonder where this whale gets 700gh of hash from?

I cannot figure that out myself. The only scenario that seems plausible to me is NSA.

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

However, to control a POS crypto it would require a totally different "vector" namely the acquisition of ~30-35% of the coins (and use them for staking into a comfortable 51% control due to others non-staking). If they already have the hardware, buying the coin off the market would be a no-brainer as it would skyrocket the price. So why not mine it?

All the other scenarios don't make sense to me. Renting GPUs for XC? No sense. It'd need hundreds of thousands of GPUs, too many micromanagement deals to achieve that type of hashpower etc etc. FPGAs are not that fast, it would need thousands. Even for ASICs it would take a couple hundred ASICs assuming a "bad" scenario of 1000:1 acceleration over a GPU (3 GHs per ASIC) - so a few prototypes wouldn't cut it. Fake hashes are a known pool/stratum issue, so I don't see how they could affect the network hash.

Also, if it was private ASICs / FPGAs they would be mining other coins, not do a one-off appearance just for XC. Why wouldn't a ASIC / FPGA owner not use them for ordinary mining?

CPU botnets are also out of the question due to the CPU hashrates of modern coins. Even an entire million of botnet infected PCs at 200khash average per PC would give only 200 gigahash.

If anyone has a better scenario I'm all ears.

Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

Yeah but here we are talking about nearly 0.8-1 TH at peak. That's insane even at 4 MH per card (200.000 to 250.000 GPU). Where is all that power the other days? How can it be one off? Yes, some hashrate of normal miners went to XC and went back to DRK and other coins. But it wasn't dramatic when it left and when it returned to other coins. I estimate the normal x11 hashing power during the pow phase at ~200-300 gigahash top. The rest is problematic to explain.

Don't forget CHINA. Chinese miners have the greatest mining power.
They might have huge GPUs, FPGAs, and ASIC that you can't imagine. As far as I know, there're so many miners that have 300+ GPUs(280x or even 290).

I can imagine the NSA's supercomputers could generate that kind of hashrate. If that was the case.... well XC is on to something HUGE. That scares them. Not to get too tinfoil hat here, but the NSA does not work for the American guberment.

[jdebunt]

Small new XC article :

http://www.cryptoarticles.com/crypto-news/2014/5/31/rumour-killer-xc-source-code-is-not-a-fedoracoin-clone#

Please share

[Taner]

Small new XC article :

http://www.cryptoarticles.com/crypto-news/2014/5/31/rumour-killer-xc-source-code-is-not-a-fedoracoin-clone#

Please share

Thanks. What about testnet result ? Proof of anonymous work.

[n00bnoxious]

Small new XC article :

http://www.cryptoarticles.com/crypto-news/2014/5/31/rumour-killer-xc-source-code-is-not-a-fedoracoin-clone#

Please share

Thanks. What about testnet result ? Proof of anonymous work.

Check this out: https://www.youtube.com/watch?v=_uTgnZAFuNU

Someone recorded testing it. All checks out. He makes a minor mistake in there while searching, but I've had a relatively careful look and it's still ok.

[longyenthanh]

I received this message " Not minting because you don't have mature coins"