[ANN] AEON: Scalable, private, mobile-friendly cryptocurrency

[bbc.reporter]

@Optikopti. I am not a miner but I reckon Aeon is more efficiently mined using CPU because of its cryptonight lite algorithm. For your question, post it in /r/Aeon on Reddit. Hihoguy will be more than happy to help you over there. He is one of the biggest miners in the Aeon community.

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[Optikopti]

@Optikopti. I am not a miner but I reckon Aeon is more efficiently mined using CPU because of its cryptonight lite algorithm. For your question, post it in /r/Aeon on Reddit. Hihoguy will be more than happy to help you over there. He is one of the biggest miners in the Aeon community.

Thanks for the answer. i already posted that question there. hope he may see it

https://www.reddit.com/r/Aeon/comments/6zrpzo/should_i_mine_aeon_with_cpu_or_gpu/

[alzander]

That new miner sounds pretty sweet, but Sumokin had a rough launch and I'd want to see the source for a program like that before trying to use it. Looks like a lot of work went into it. While I like free stuff, I also like to know where the benefit is to the developer before fully trusting it... or viewing the 'open source'.

[stoffu]

That new miner sounds pretty sweet, but Sumokin had a rough launch and I'd want to see the source for a program like that before trying to use it. Looks like a lot of work went into it. While I like free stuff, I also like to know where the benefit is to the developer before fully trusting it... or viewing the 'open source'.

The mere fact that they released the binary before publishing the source code already creates a strong sense of doubt that they could be scamming.

Visually appealing GUI programs like this miner and MinerGate's miner cost a lot of money to develop, so it's natural to suspect that their primary intent can be in enriching themselves by scamming instead of contributing to the community.

[alzander]

And most importantly, one of the main original developers behind Monero is the developer that created and still with Aeon.

That's not correct. Aeon was launched by an anonymous dev aeon who abandoned it after three months:

https://bitcointalk.org/index.php?topic=641696.msg8699107#msg8699107

Smooth helped maintain the seed nodes and patched a few bugs during that time, and the community welcomed him as the new dev.
The history back then is IMO quite interesting & exciting, a highly recommended read.

Also this thread is worth checking out:

[ANN] AEON rebrand, new thread, new developer team (positions open)

I stand corrected. I got into AEON a earlier this year and guess my history is a lot more limited than I thought. Thanks for the links and info. Every coin usually has a pretty convoluted story a year or so down the road and AEON is no different

[Optikopti]

Guys i am mining AEON

GPU AMD R7 260X

CPU AMD FX 4300

GPU:390 H/S

CPU 330 H/S

THEY ARE NORMAL RATES FOR MY HARDWARE OR LOW

anyone can help please ?

[jbmustaq]

yup thats normal.

[rickgejr]

@bbc.reporter:

Excuse tardy response. Hurricane Irma shut my power off for 3 days. Better than Charley - a week. And we are lucky.

Regarding smart phones, wallets and nodes.

My point is if Aeon nodes (and/or wallets) are designed to run on smart phones they can (will) become next target of hackers.

No matter how secure the blockchain is, once a key logger, screen reader, social engineer dicks over your dumb phone, Aeon or any crypto therein, will be stolen.

Sure, we can label MacAfee a bit wacky, but in my experience, the crazies are often not stupid.

We must move Aeon (one of my all time favorite crypto's) to hardware wallets and secure PC's, in order to preserve it make it the goto coin.

If what MacAfee says is true, the next major heist of crypto's will hit smart phones.

Wouldn't it be nice if Aeon could say, after such a heist: "None of our users lost an Aeon."

[bbc.reporter]

@rickgejr. I agree. That is why only we ourselves should secure our wallets. But you do not get my point. Why would you as a user of cryptocoins store everything you have in a wallet installed in your smart phone? It should be on cold storage where no one except you can touch your coins.

The purpose of running Aeon nodes in a smart phone is simply because in the future, hopefully, we can. That is the real goal of Aeon, and it is something that has not been done in the cryptospace before.

Running nodes in smart phones does not mean it should also be your wallet. Running nodes mean you are helping Aeon to be more decentralized.

[rickgejr]

@bbc.reporter:

The fact that smart phones might be secure enough in the future to run an Aeon node, wallet etc., is the point. They are not yet secure enough.

I understand that a slim client -- a self-pruning algo -- would allow such usage. Meaning, smart phones with Aeon nodes, wallets etc. That it is the point of pruning in the first place, as I understand it.

So the question remains. Why code Aeon for a smart phone, following the herd, when it can focus on PC's and hardware wallets?

Slimming a blockchain to run on a smart phone still provides hackers with the knowledge that you are running an Aeon node. Now they will look for your wallet, next.

[molecularman]

I am pretty confused as to how you go about mining..  I am a total newb.

I downloaded the current release and sync'd, created a wallet and used the wallet to "start_mine 2".    It currently has a hashrate around 13,  and the difficulty is at 15,552,549.    Which seems really low?

It has ran for about an hour, and I don't see anything being added to my wallet.     I thought I'd see like..   .0002 or something being added,  or does it not work that way?   Is the difficulty just too low for anything to work?  How could I increase the difficulty?  I didn't see anything in the cmd lines to do that.

Can you use this release to go into a pool?  I didn't see any config files to enter a pool address and such. 


I thought about just downloading the Arux windows miner from aeon.sumominer and joining a pool that way. 


Thanks in advance for helping this newb.

[jwinterm]

I am pretty confused as to how you go about mining..  I am a total newb.

I downloaded the current release and sync'd, created a wallet and used the wallet to "start_mine 2".    It currently has a hashrate around 13,  and the difficulty is at 15,552,549.    Which seems really low?

It has ran for about an hour, and I don't see anything being added to my wallet.     I thought I'd see like..   .0002 or something being added,  or does it not work that way?   Is the difficulty just too low for anything to work?  How could I increase the difficulty?  I didn't see anything in the cmd lines to do that.

Can you use this release to go into a pool?  I didn't see any config files to enter a pool address and such.  


I thought about just downloading the Arux windows miner from aeon.sumominer and joining a pool that way.  


Thanks in advance for helping this newb.

If you mine using the client wallet/daemon you are solo mining, and will only get coins when you find a block. Your hashrate seems pretty low, but if you want to estimate the time it will take you to find a block, just divide difficulty by your hashrate to get estimated time in seconds. So, 15M/15 is approximately 1M s, or 12 days. If you want small incremental rewards you need to mine on a pool.

[molecularman]

If you mine using the client wallet/daemon you are solo mining, and will only get coins when you find a block. Your hashrate seems pretty low, but if you want to estimate the time it will take you to find a block, just divide difficulty by your hashrate to get estimated time in seconds. So, 15M/15 is approximately 1M s, or 12 days. If you want small incremental rewards you need to mine on a pool.

Thanks! So it sounds like my laptop isn't  really powerful enough for solo mining.     I read something on reddit about this not requiring much power and it could be done on a phone.   Figured I would dip my toes into the water.

[jwinterm]

If you mine using the client wallet/daemon you are solo mining, and will only get coins when you find a block. Your hashrate seems pretty low, but if you want to estimate the time it will take you to find a block, just divide difficulty by your hashrate to get estimated time in seconds. So, 15M/15 is approximately 1M s, or 12 days. If you want small incremental rewards you need to mine on a pool.

Thanks! So it sounds like my laptop isn't  really powerful enough for solo mining.     I read something on reddit about this not requiring much power and it could be done on a phone.   Figured I would dip my toes into the water.

One block every couple weeks isn't too bad. Imagine if you could solomine a bitcoin block every couple weeks

It kind of sounds like your laptop CPU does not have AES capability, which is very important to speed for mining cryptonight(-light). But if you just want to mess around and not expecting to make lots of profit, go for it.

[Elder III]

I wouldn't recommend mining on a laptop, they usually struggle with heat even when not mining. Unless you have a recent i7 in your laptop I don't think it's worth the risk of extra heat and stress on the system.

[bbc.reporter]

@bbc.reporter:

The fact that smart phones might be secure enough in the future to run an Aeon node, wallet etc., is the point. They are not yet secure enough.

I understand that a slim client -- a self-pruning algo -- would allow such usage. Meaning, smart phones with Aeon nodes, wallets etc. That it is the point of pruning in the first place, as I understand it.

So the question remains. Why code Aeon for a smart phone, following the herd, when it can focus on PC's and hardware wallets?

Slimming a blockchain to run on a smart phone still provides hackers with the knowledge that you are running an Aeon node. Now they will look for your wallet, next.

How would running a node in an insecure smart phone affect the Aeon network as a whole? I reckon computers running a Windows operating system might also be just as full of security holes or more.

Cryptocoin protocols are decentralized. If one node fails there are many more working to support and run the network.

[rickgejr]

@bbc.reporter:

Smooth can tell you better than I, but smart phones are still dumb computers.

One can secure Aeon nodes on a PC far better than a phone, currently -- even on a Windows machine.

A node on a smart phone helps secure the network, but also makes it easy for the snoopers to see what coins you might have stashed elsewhere.

What also bothers me about pruned blockchains or a thin client Aeon, is the 51% attack using toasters, refrigerators and my smart thermostat.

Is smaller better?

Has or will the new and improved thin-Aeon have special protections against an army of Chinese dark-brew coffee makers?

[stoffu]

I wouldn't recommend mining on a laptop, they usually struggle with heat even when not mining. Unless you have a recent i7 in your laptop I don't think it's worth the risk of extra heat and stress on the system.

I disagree. With a proper environment (e.g. hard floor & good ventilation), I believe CPU mining AEON on laptops is quite safe and feasible. I mine with a mid-2012 MacBook Air with 2GHz Core i7 which pulls out 410H/s at maximum using XMRig (4 threads, huge pages enabled).

[stoffu]

If you mine using the client wallet/daemon you are solo mining, and will only get coins when you find a block. Your hashrate seems pretty low, but if you want to estimate the time it will take you to find a block, just divide difficulty by your hashrate to get estimated time in seconds. So, 15M/15 is approximately 1M s, or 12 days. If you want small incremental rewards you need to mine on a pool.

Thanks! So it sounds like my laptop isn't  really powerful enough for solo mining.     I read something on reddit about this not requiring much power and it could be done on a phone.   Figured I would dip my toes into the water.

One block every couple weeks isn't too bad. Imagine if you could solomine a bitcoin block every couple weeks

It kind of sounds like your laptop CPU does not have AES capability, which is very important to speed for mining cryptonight(-light). But if you just want to mess around and not expecting to make lots of profit, go for it.

The current network difficulty is in the order of 1G, so the time for the hash rate of 15H/s to find a block would be easily multiple years...

molecularman: Your hash rate seems absurdly low, especially when considering the fact that your laptop could run aeond and fully sync the blockchain without problems. I'd recommend using one of those popular mining software (instead of aeond) for pool mining:

• https://github.com/shyba/aeon-stak-cpu
• https://github.com/xmrig/xmrig  <- my recent favorite

For a list of mining pools, go to http://aeonpools.net/

[bbc.reporter]

@bbc.reporter:



A node on a smart phone helps secure the network, but also makes it easy for the snoopers to see what coins you might have stashed elsewhere.

How? When Aeon's code is complete there would be no way to connect a transaction with an address unless you give them the view key.

Also how can snoopers make a blockchain insecure? The bitcoin blockchain's transactions are there for everyone to see but it has not made it less secure.

I did not quote the rest of your post because now I am starting to think you are trolling.