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

[bbc.reporter]

@smooth. How much bigger is Monero's blockchain versus Aeon's blockchain? I reckon Aeon might be in a better position for the longterm because it is more sustainable to run on dedicated hardware because of the smaller blocks.

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[smooth]

@smooth. How much bigger is Monero's blockchain versus Aeon's blockchain? I reckon Aeon might be in a better position for the longterm because it is more sustainable to run on dedicated hardware because of the smaller blocks.

Much, much bigger, I don't know the exact numbers but roughly a factor of 10 would be my guess.

This is not only from the higher usage but from a enormous size of RingCT transactions until bulletproofs get activated. It was when RingCT was enabled that the blockchain size really exploded (the rate of growth instantly jumped from about 100 MB per month to 1+ GB per month).

[bbc.reporter]

Good. We as a community should start asking small exchanges to list Aeon. It is easier to maintain the node, it is anonymous enough and it has made more cautious development decisions compared to that of Monero.

Also, Monero's 6 month hardfork cycle might become dangerous as the coin grows in utility.

[LesPristy]

Aeon's light block size is a huge advantage for the project I'm working on now.

[bbc.reporter]

@LesPristy. The radio wave mesh network project? Do you have working prototypes? Showing a screenshot of them would be appreciated, thank you hehehe.

Also, when is your estimated time of release? I know this might only be your hobby, but give us the worst estimate when.

[camthegeek]

Good. We as a community should start asking small exchanges to list Aeon. It is easier to maintain the node, it is anonymous enough and it has made more cautious development decisions compared to that of Monero.

Also, Monero's 6 month hardfork cycle might become dangerous as the coin grows in utility.

We, as a community, have applied to many of the smaller exchanges to which only a few listed AEON. Stocks.Exchange wanted a listing fee that was a bit out there. Altex.Exchange had AEON listed but that exchange appears to have possibly exit scammed everyone or its just dead. Bitliber and LetsDoCoinz has AEON listed.

If you (or anyone) wants AEON listed anywhere, you are more than welcome to apply. Perhaps as a community, we could meet somewhere (IRC?) and further discuss listings and projects we're doing to advance AEON.

[gembitz]

why all the coins who with CryptoNight QTY is 18.4M?
Because there are coins just a copy and have not technology to change the code??
 

shut up and take my money lol

https://github.com/iamsmooth/aeon

[gembitz]

@smooth. How much bigger is Monero's blockchain versus Aeon's blockchain? I reckon Aeon might be in a better position for the longterm because it is more sustainable to run on dedicated hardware because of the smaller blocks.

Much, much bigger, I don't know the exact numbers but roughly a factor of 10 would be my guess.

This is not only from the higher usage but from a enormous size of RingCT transactions until bulletproofs get activated. It was when RingCT was enabled that the blockchain size really exploded (the rate of growth instantly jumped from about 100 MB per month to 1+ GB per month).

 Copyright (c) 2014-2018, AEON, The Monero Project.

 

>>>copy these nuts<<<

[bbc.reporter]

@smooth. Would it have been better if the Aeon community just welcomed and embraced Asics in hindsight? I reckon the community might have acted in too much haste and fear to reject the Asic mining companies, that might bring Aeon to the moon.

[miner.rocks]

Hello, fellow miners!

Pool aeon.miner.rocks (cn-v7-lite)
Welcomes you and invites you to join

Features:
- email notifications of workers down
- stats and hashrate chart per worker
- PPLNS reward scheme for rounds shorter than hour, PROP scheme for longer rounds, PPLNS window is 60 minutes on ports 3333, 5555, 7777
- PPS reward scheme on ports 3331, 5551, 7771
- income history of last 24h, of each day of last 7 days, unmatured incomes
- payment id, integrated address, subaddress supported
- adjustable payment threshold
- every port supports secure SSL/TLS connection as well as insecure one
- port 80 available for firewalled miners
- static diff supported, see static diff calculator
- multiple daemons, to prevent downtime in case of daemon stuck
- height checks, to prevent mining on forked chain
- profitability estimate based on 24h weighted average difficulty
- sample configs for cn-v7-lite supported mining apps

PPLNS fee: 0.9%
PPS fee: 2.9%
Block Found Every: 11 minutes (estimate)

Location: Europe

Welcome & Lucky Mining!

[bbc.reporter]

@smooth. Would it have been better if the Aeon community just welcomed and embraced Asics in hindsight? I reckon the community might have acted in too much haste and fear to reject the Asic mining companies, that might bring Aeon to the moon.

@smooth. I would really like to listen to your personal thoughts in this subject matter if it is ok hehehe. I know I might appear to be speaking from greed that Aeon might have already reached $5 if Asics were welcomed with open arms. But I know it would not only be me who would like to see that occur. All of us do.

[jwinterm]

@smooth. Would it have been better if the Aeon community just welcomed and embraced Asics in hindsight? I reckon the community might have acted in too much haste and fear to reject the Asic mining companies, that might bring Aeon to the moon.

@smooth. I would really like to listen to your personal thoughts in this subject matter if it is ok hehehe. I know I might appear to be speaking from greed that Aeon might have already reached $5 if Asics were welcomed with open arms. But I know it would not only be me who would like to see that occur. All of us do.

I'm not smooth, but embracing ASICs for cryptonight seems stupid, imo. Cryptonight is very slow to verify using a low-end CPU. If you're going to go to ASIC PoW, you might as well go to one that can be quickly verified using all consumer hardware.

[bbc.reporter]

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?

[jwinterm]

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?

Well, if you're going to "allow" ASICs on the network, then you might as well go with an algorithm that is very fast to verify on low end consumer hardware. Aeon pitches itself as mobile friendly - if you want to run a full validating from a mobile device would you rather verify blocks with sha256 or cryptonight? Aeon isn't quite as bad as Monero with the lite variant, but it's still not exactly a mobile friendly solution. It's not about ASIC proficiency, but once you decide to let ASICs on the network you might as well make it as easy as possible for other users to run a full validating node, which cryptonight is not ideal imo.

[bbc.reporter]

@jwinterm. But allowing Asics was never in the roadmap of any cryptocoin, or was not something that was planned. It would also be stupid to change the algorithm to make it easier for Asic manufacturers. In Aeon's situation, it might have been better not have have hardforked to another mining algorithm.

When the community voted for a hardfork to kill the Asics, it cut its supply of hashrate and made the coin more insecure. I reckon it was a shortsighted move.

[stoffu]

@jwinterm. But allowing Asics was never in the roadmap of any cryptocoin, or was not something that was planned. It would also be stupid to change the algorithm to make it easier for Asic manufacturers. In Aeon's situation, it might have been better not have have hardforked to another mining algorithm.

When the community voted for a hardfork to kill the Asics, it cut its supply of hashrate and made the coin more insecure. I reckon it was a shortsighted move.

A coin is more secure if *many participants* put a lot of hash power into the network. High hashrate of any particular algorithm doesn't mean high security if the network hash power is dominated by a small group of people such as ASIC manufactures.

[smooth]

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?

Well, if you're going to "allow" ASICs on the network, then you might as well go with an algorithm that is very fast to verify on low end consumer hardware.

I agree with this point. Cryptnight with ASICs is a stupid combination.

@bbc.reporter

I honestly don't follow the logic that ASICs would result in a higher price. There are not-silly arguments in favor or against ASICs but to expect it to make a 5x difference in price doesn't seem to follow either way from my perspective. You can never fully guess what a market will do but I would more likely see any price difference as marginal. I also find it a somewhat extraordinary claim to expect AEON not to decline a lot in value from crypto-market highs when nearly every other coin has declined a lot in value.

@jwinterm. But allowing Asics was never in the roadmap of any cryptocoin, or was not something that was planned. It would also be stupid to change the algorithm to make it easier for Asic manufacturers. In Aeon's situation, it might have been better not have have hardforked to another mining algorithm.

When the community voted for a hardfork to kill the Asics, it cut its supply of hashrate and made the coin more insecure. I reckon it was a shortsighted move.

A coin is more secure if *many participants* put a lot of hash power into the network. High hashrate of any particular algorithm doesn't mean high security if the network hash power is dominated by a small group of people such as ASIC manufactures.

Mostly agree, although I would say that both dimensions matter. If horizontal axis is hash rate and vertical axis is participants (or perhaps some sort of measure that combines participant count and inverse gini of hash rate), then more secure is diagonal up to the right.

As far as hash rate meaning greater security, you really also have to adjust for algorithm/technology in terms of hash per watt. Monero is not less secure than some $100K market cap SHA256 coin even though the latter may have higher hash rate. IIRC one S9 has a higher hash rate than the entire Monero network. It is silly that being mined by one S9 would be considered a secure network, it is anything but.

[bbc.reporter]

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?

Well, if you're going to "allow" ASICs on the network, then you might as well go with an algorithm that is very fast to verify on low end consumer hardware.

I agree with this point. Cryptnight with ASICs is a stupid combination.

@bbc.reporter

I honestly don't follow the logic that ASICs would result in a higher price. There are not-silly arguments in favor or against ASICs but to expect it to make a 5x difference in price doesn't seem to follow either way from my perspective. You can never fully guess what a market will do but I would more likely see any price difference as marginal. I also find it a somewhat extraordinary claim to expect AEON not to decline a lot in value from crypto-market highs when nearly every other coin has declined a lot in value.

Agreed but the investment that Asic manufacturers bring to a cryptocoin's mining infrastructure might translate to longterm value, not only in the price but also in the project itself.

Also, it might be more advantageous to welcome them now than to release hardforks after hardforks to change algorithms that might cut hashrate and nodes supply.

[Ecksjay]

Bounty on reddit for a funding system and other projects afterwards.

https://www.reddit.com/r/Aeon/comments/9bowh3/announcing_the_aeon_ffs_bounty/

The more that participate to get this bounty program moving, the better!

[galgoczi]

Hi ! Anyone know why HitBtc does not let AEON move. Support does not respond. There is a main acunt AEON. I can not get it out. Or sell it.