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

[bbc.reporter]

@smooth, @stoffu. Things have been too quiet around here. How long will it take for the code rebase to finally be implemented? I estimated at the end of March, but it looks like it's not.

Also what of the blockchain? Will there be a converter to turn it into an LMDB file? I would not want to download it all over again, if absolutely possible.

Thank you.

[camthegeek]

@smooth, @stoffu. Things have been too quiet around here. How long will it take for the code rebase to finally be implemented? I estimated at the end of March, but it looks like it's not.

Also what of the blockchain? Will there be a converter to turn it into an LMDB file? I would not want to download it all over again, if absolutely possible.

Thank you.

I'd like to know the answer to that first question.

The blockchain itself, given you have decent hardware, takes roughly 1 hour tops to download and be ready to use. It's not a pain like the current released version of aeond.

[Blucoba]

this is a quote from reddit user peanutsformonkeys

OK, if you have the current aeond fully synced up, you could, once you have the rebase aeond built, sync from your local up-to-date aeond with the --add-exclusive-node 127.0.0.1 flag

looks like you don't have to DL the entire blockchain. I don't think that the rebase is ready for the aeon mainchain yet.

[stoffu]

@smooth, @stoffu. Things have been too quiet around here. How long will it take for the code rebase to finally be implemented? I estimated at the end of March, but it looks like it's not.

Also what of the blockchain? Will there be a converter to turn it into an LMDB file? I would not want to download it all over again, if absolutely possible.

Thank you.

I'd like to know the answer to that first question.

The blockchain itself, given you have decent hardware, takes roughly 1 hour tops to download and be ready to use. It's not a pain like the current released version of aeond.

I feel that my part in the rebase effort is mostly over, and I think it's up to smooth and other core team members to finalize things and move forward. I don't know when that will be, but I think we should take into account that Monero is having its hardfork and software release at the end of this month, which will likely keep smooth quite busy. I expect the official release of rebased Aeon to be sometime in April when all the stress involved with Monero hardfork is over.

this is a quote from reddit user peanutsformonkeys

OK, if you have the current aeond fully synced up, you could, once you have the rebase aeond built, sync from your local up-to-date aeond with the --add-exclusive-node 127.0.0.1 flag

looks like you don't have to DL the entire blockchain. I don't think that the rebase is ready for the aeon mainchain yet.

This will work, except that the two aeond, pre-rebase and post-rebase, will need to use different port numbers for P2P and RPC, because one single computer can assign the same port number to only one program.

[peanutmonkey]

I posted a Q&A on Stack Exchange on how to transition from the legacy to rebase blockchain.

[estenity]

from last post of smooth, encouraging news:

citation begins
"stuffu has already merged the Monero PoW v2 changes and scheduled it for AEON testnet. Once everything tests out we can schedule a main net hard fork which will also be the mandatory switch over point for the new rebase code base (includes LMDB for reduced memory usage along with many, many new features and enhancements from 3+ years of Monero development)"
citation stops


https://www.reddit.com/user/smooth_xmr

[Elder III]

Has Smooth said anything about the Cryptonight Asic that appears to be coming out?  Monero is planning to fork in order to fight the asics coming out --- will Aeon be doing the same?

[jwinterm]

Has Smooth said anything about the Cryptonight Asic that appears to be coming out?  Monero is planning to fork in order to fight the asics coming out --- will Aeon be doing the same?

Dude, it's in the post immediately preceding yours...

[Elder III]

Has Smooth said anything about the Cryptonight Asic that appears to be coming out?  Monero is planning to fork in order to fight the asics coming out --- will Aeon be doing the same?

Dude, it's in the post immediately preceding yours...

Nevemind, I went and read through everything on Redditt.

[bbc.reporter]

Has Smooth said anything about the Cryptonight Asic that appears to be coming out?  Monero is planning to fork in order to fight the asics coming out --- will Aeon be doing the same?

Dude, it's in the post immediately preceding yours...

For argument's sake, isn't it good for Aeon's security and the price to have ASIC miners around? I know that it will centralize mining and the creation of mining hardware behind it, but would that not be a necessary sacrifice to have our investments grow?

[smooth]

Has Smooth said anything about the Cryptonight Asic that appears to be coming out?  Monero is planning to fork in order to fight the asics coming out --- will Aeon be doing the same?

Dude, it's in the post immediately preceding yours...

For argument's sake, isn't it good for Aeon's security and the price to have ASIC miners around? I know that it will centralize mining and the creation of mining hardware behind it, but would that not be a necessary sacrifice to have our investments grow?

Centralizing mining is not good for security (all else being equal, which in this case it is not; these issues are complex and there is not a clear universally-accepted answer either way).

[jbmustaq]

Has Smooth said anything about the Cryptonight Asic that appears to be coming out?  Monero is planning to fork in order to fight the asics coming out --- will Aeon be doing the same?

Dude, it's in the post immediately preceding yours...

For argument's sake, isn't it good for Aeon's security and the price to have ASIC miners around? I know that it will centralize mining and the creation of mining hardware behind it, but would that not be a necessary sacrifice to have our investments grow?

Hopefully you know what happens when difficulty is low or new coin is launched or even it's normal difficulty. It's always ASIC machine owners who have a last laugh as normal machines can't compare to them. When you say sacrifice that means you have good no. of coins and won't bother with high difficulty but think of miners like me who only has around 600h of power. where will the miners like us go when difficulty is damn high even now.

To me Asic machine and asic miners are pest for a network as they are not helping the network but themselves.

[bbc.reporter]

@smooth. But to date, it has been going ok in bitcoin. Some would also argue that it's the big Chinese mining farms carrying its market cap to new highs after every halving because it is in their self interest to do so.

I reckon Siacoin is embracing Asics and so does Decred. Why is this? What do they see that the rest do not?

[smooth]

@smooth. But to date, it has been going ok in bitcoin. Some would also argue that it's the big Chinese mining farms carrying its market cap to new highs after every halving because it is in their self interest to do so.

I reckon Siacoin is embracing Asics and so does Decred. Why is this? What do they see that the rest do not?

Yes, ASICs have been doing fine for Bitcoin, but (at least mostly) non-ASICs have been doing fine for Monero, Ethereum, Zcash, etc., and there are also a bunch of dead or near-dead SHA256 coins that aren't doing fine despite the existence of ASICs which could mine them.

The "doing fine" argument doesn't get very far really.

[smooth]

@smooth. But to date, it has been going ok in bitcoin. Some would also argue that it's the big Chinese mining farms carrying its market cap to new highs after every halving because it is in their self interest to do so.

I reckon Siacoin is embracing Asics and so does Decred. Why is this? What do they see that the rest do not?

In the case of Siacoin, it was the devs starting a company to sell ASICs, a clear conflict of interest.

I haven't followed Decred.

Regardless of the shadiness demonstrated by the Sia devs (which reduces their credibility on the matter in my view significantly, even if they may happen to be right), there is certainly a pro-ASIC point of view that is not without merit.

You might want to review this discussion https://github.com/monero-project/monero/issues/3387 (BTW, This is a Monero issue. Please do not spam discussion of AEON there.)

I'm mostly neutral but if the community wants to change PoW then its fine with me. My mild bias is to continue tracking whatever Monero does and minimize code changes and also the possibility that AEON could be attacked by reject Monero ASICs.

[bbc.reporter]

I just read about Siacoin and Bitmain. The Sia developers are only shady for not allowing an open market for the creation of Asics. They want to corner the market like Bitmain hehehe.

But at least Bitmain did it fair and square. They were simply better than everyone else.

In any case, Aeon. We know Asic manufacturers are profit driven and it would be against their self interest to destroy a coin. Maybe it would be a good test drive on what happens if Asics went in and mined a cryptonote coin?

[Elder III]

@smooth. But to date, it has been going ok in bitcoin. Some would also argue that it's the big Chinese mining farms carrying its market cap to new highs after every halving because it is in their self interest to do so.

I reckon Siacoin is embracing Asics and so does Decred. Why is this? What do they see that the rest do not?

In the case of Siacoin, it was the devs starting a company to sell ASICs, a clear conflict of interest.

I haven't followed Decred.

Regardless of the shadiness demonstrated by the Sia devs (which reduces their credibility on the matter in my view significantly, even if they may happen to be right), there is certainly a pro-ASIC point of view that is not without merit.

You might want to review this discussion https://github.com/monero-project/monero/issues/3387 (BTW, This is a Monero issue. Please do not spam discussion of AEON there.)

I'm mostly neutral but if the community wants to change PoW then its fine with me. My mild bias is to continue tracking whatever Monero does and minimize code changes and also the possibility that AEON could be attacked by reject Monero ASICs.

In my semi-literate opinion on the subject at hand I believe that asics are the antithesis of what AEON is about. I'm not fond of asics in general, but I don't completely hate them either. They have a place, but not with AEON (or any similar crypto coins).

[smooth]

I just read about Siacoin and Bitmain. The Sia developers are only shady for not allowing an open market for the creation of Asics. They want to corner the market like Bitmain hehehe.

That was certainly worse, but I don't agree that's when it started. As soon as they decided to start their own ASIC company they lost the ability to be unconflicted on development decisions. As you say, they made a lot of arguments about how good ASICs are for a coin. Maybe those arguments were sincere but we can never know because the way they set things up they had a huge incentive to "sell" ASICs to the community (because, quite literally, they were selling their own product).

Anyway, this is kind of off topic to AEON.

BTW, I have no interest in any mining companies

[estenity]

2 dev meetings showing a good cooperation and high interest in aeon development..

[zhugy78]

Many people think that AEON still has great potential, is now in the very period, hope that the project will be up.