[ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability

[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.

[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.

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

I just read your proposal for an ASIC-friendly Monero. I agree with points 1, 4 and 6 and I reckon it might be easier to do this in Aeon than Monero. Fluffypony has already been very vocal about breaking ASICs and nothing will change that. He also has the community backing him up.

On Aeon. We know that it will always be living in the shadow of Monero, so why not take the leap and be open to ASICs?

Aeon can act as a testbed and it can protect Monero at the same time.

[Haynes]

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

Why do you think like that
Everything is still running smoothly.
The AEON project is the only rare project.

[makko91]

Is there any other project that can be dangerous for AEON ?

[bgibso01]

Is there an easy tutorial available to do CPU and GPU mining combine on VPS servers
i will be using Ubuntu OS

[boomboombazookajeff]

Is there any other project that can be dangerous for AEON ?

There are a few but a lot of them are premine scams. AEON is doing its own thing rather nicely so there is no need for FUD.

[bbc.reporter]

Aeon Community Announcement: Vote for AEON to be listed on CryptalDash.com Exchange.

Aeon has been featured in the New Coin Listing Competition, this is your chance to grow the market cap and liquidity pool of Aeon.

Support your coin by voting now, voting ends in 10 days.(Aeon is currently in last place with 0 votes)

https://www.cryptaldash.com/new-coin-listing

Done. Aeon needs more exposure on any exchange, whether it can offer high volume or not. It is also very obvious that we are so behind the other altcoins in development and market exposure. I reckon embracing ASIC mining might vitalize Aeon and propel it to the top 50 of Coinmarketcap.

Does anyone else accept smooth's proposal for ASIC-friendliness?

https://github.com/monero-project/monero/issues/3387

[boomboombazookajeff]

Aeon Community Announcement: Vote for AEON to be listed on CryptalDash.com Exchange.

Aeon has been featured in the New Coin Listing Competition, this is your chance to grow the market cap and liquidity pool of Aeon.

Support your coin by voting now, voting ends in 10 days.(Aeon is currently in last place with 0 votes)

https://www.cryptaldash.com/new-coin-listing

Done. Aeon needs more exposure on any exchange, whether it can offer high volume or not. It is also very obvious that we are so behind the other altcoins in development and market exposure. I reckon embracing ASIC mining might vitalize Aeon and propel it to the top 50 of Coinmarketcap.

Does anyone else accept smooth's proposal for ASIC-friendliness?

https://github.com/monero-project/monero/issues/3387

It hasn't been feasible for me to mine with my GPUs for ages. What would really change for normal miners anyways? This could be the future for AEON - albeit not what I originally wanted (since I am largely against ASICS).

[Hiyatus]

Please don't kill all the good projects...  

CPU algo is one of the biggest upsides (as far as i see it) of this project.
Going asic friendly will - IMHO - kill the potential for a truly decentralized network.
Asics have no other purpose than to support a coin (any coin which pays the most) and are - again IMHO - just a figment of current economists (it's just a speculation tool - again IMHO).

On the other hand, everybody has CPUs and we use them for many different purposes, and we can support the network while we don't need the CPU time for other things.

There are coins out there which have mining implemented in a way which prevents the use of pools and thus establishes a perfectly (with the exception of GPU farms) distributed network.


My suggestions would be to:

1 - make it impossible to use mining pools or greatly incentivise solo mining

and/or

2 - encourage use of transparent and sustainable botnets


ATM i have no idea how to really do either (i just fell into the thread after a month), however i'm sure we can do it if we put our heads together.

[bbc.reporter]

@Hiyatus. I may risk sounding like a greedy person but ASIC manufacturers and professional miners are driven by profit. If a manufacturer like Bitmain enters Aeon mining then it would be in their interest that Aeon becomes one of the top 10 cryptocoins in the world.

If we don't embrace ASICs, another Cryptonote project will.

 

[Hiyatus]

@bbc.reporter yes this is #crypto vs $crypto debate unfortunately.
I'm in favor of CPUs over a quick pump.

I'm not saying my suggestions are the best i just suggested an alternative solution. And it's just my personal views and preferences, nothing more.

[DonYo]

In my opinion, if a coin wants to grow in value needs an economy around it, maybe asic industry isn't a bad idea but before must be planed how can decentralization of mining power can be forced if it's possible

[Angel Di]

In my opinion, if a coin wants to grow in value needs an economy around it, maybe asic industry isn't a bad idea but before must be planed how can decentralization of mining power can be forced if it's possible

Perhaps you call one of the main factors in order that the coin showed growth. But already coins grow not as earlier on news it is simple. Can already influence the price in the much bigger and different ways. It is possible to carry to their number also FUN, advertizing and a lot of things still another.

[Blucoba]

about the only thing that made sense to me was the argument that altering the algo could potentially introduce exploitable vulnerabilities .   Inadvertently or otherwise.

[bbc.reporter]

@bbc.reporter yes this is #crypto vs $crypto debate unfortunately.
I'm in favor of CPUs over a quick pump.

I'm not saying my suggestions are the best i just suggested an alternative solution. And it's just my personal views and preferences, nothing more.

But it is not a quick pump. If you think about it more closely, an ASIC manufacturing industry behind a coin might be beneficial to its value and survivability for the long term.

ASIC manufacturing companies like Bitmain will only enter a market if they profit big. Once they do they will do everything they can to maintain that state of profitability.

But yes, I am aware of the centralization side effects. I reckon that might be a necessary gambit if we want to Aeon to develop further and become a top 20 cryptocoin.

[Perog2]

My suggestions would be to:
1 - make it impossible to use mining pools or greatly incentivise solo mining

I think this could easily be done - to change the algorithm of AEON to softcryton like the SLD. Only cpu-solo works perfectly and the same light cryptonote as the aeon algorithm (CryptoNight-Lite) ... maybe even lighter.