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Author Topic: [ANN] AEON [2019-03-20: current version is 0.12.9.0]  (Read 607362 times)
Angel Di
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March 24, 2018, 09:41:45 AM
 #5281

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.
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March 24, 2018, 02:54:59 PM
 #5282

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


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March 25, 2018, 01:33:30 AM
 #5283

@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.

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March 27, 2018, 02:34:46 PM
 #5284

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.

Soldo [SLD] @ Soldo.IN is pauper's money. Easy CPU mining & BlockChain Lottery.
HUG node address: HNPFGS2dLpaCR7WqJ6vQ3H3b85949147i3
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March 29, 2018, 01:12:04 AM
 #5285

@smooth. I am sure that you have already read this whitepaper on Monero's traceability.

https://arxiv.org/pdf/1704.04299/

I went to the Monero subreddit and what I saw was some Monerotards calling FUD quickly without properly thinking about how this seriously affects Cryptonote coins.

Can you give us your thoughts on the situation and how that affects Aeon? Would a simple sub addresses feature help?

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March 29, 2018, 07:23:25 AM
 #5286

@smooth. I am sure that you have already read this whitepaper on Monero's traceability.

https://arxiv.org/pdf/1704.04299/

I went to the Monero subreddit and what I saw was some Monerotards calling FUD quickly without properly thinking about how this seriously affects Cryptonote coins.

Can you give us your thoughts on the situation and how that affects Aeon? Would a simple sub addresses feature help?

@bbc.reporter,shifting to reddit and whatsapp is a general present phenomenon, evidenced by audience studies, as well as facebook decay.

so i agree (with you,I think), that it is important to keep bitcointalk alive.
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March 31, 2018, 10:16:38 PM
Merited by bbc.reporter (1)
 #5287

@smooth. I am sure that you have already read this whitepaper on Monero's traceability.

https://arxiv.org/pdf/1704.04299/

I went to the Monero subreddit and what I saw was some Monerotards calling FUD quickly without properly thinking about how this seriously affects Cryptonote coins.

Can you give us your thoughts on the situation and how that affects Aeon? Would a simple sub addresses feature help?

A subaddress feature does not directly address any of the issues in the paper however it is still useful for some privacy enhancing use cases outside the scope of the paper.

The paper itself is a slightly-modified rerelease of the same one that was released last year. Both were and are heavily backed and promoted by Zcash supporters and can't in any way be considered as objective third party analysis. While some of the findings are legitimate, a lot of framing and promotion of the paper is actually very misleading (whether you want to call that "FUD" is a personal choice but I don't find it to be a terribly inaccurate label).

For example, there are many tweets etc. repeating the talking point that X% (some high number, various different numbers have appeared) of Monero transactions were found to be traceable, rarely is it explained in these attention grabbers that even the paper itself explains (if you read the whole thing) that:

1. Older versions of Monero, 2016 or earlier have some high number of traceable outputs.
2. More recent versions have essentially 0% traceable outputs.
3. Newer data from 2017 and 2018 is excluded from consideration by the paper at all, skewing the total percentages a lot higher.
4. That the paper horribly conflates percentages of actual traceability and percentages derived from heuristic guesses that skew probabilities somewhat (and even that is mitigated in recent versions) but aren't able to trace any transactions at all.

AEON is similar to Monero post-2016 but pre-RingCT (and before other mitigations, some of which will arrive with the rebase), so somewhere in between. There is some degree of traceability but nowhere near as bad as the earlier Monero versions with unlimited (and large majority in practice) 0-mixin transactions.

Users can best protect themselves by performing some degree of churn (resend to self, preferably with unpredictable delays) in high risk situations. This is especially effective in AEON since the transaction fees are much lower than Monero (post-RingCT), making churn relatively inexpensive.
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April 01, 2018, 01:20:39 AM
Last edit: April 01, 2018, 02:15:32 AM by bbc.reporter
 #5288

Thank you for the indepth reply. Ok, it was nothing but FUD after all. Maybe I was too quick to judge the Monerotard hehehe. But these days, calling FUD without any explanation why has already become so annoying. It shows that some people treat a cryptocoin like their religion. That should stop, it is not healthy hehe.

In any case, I am happy that all issues are fixed. Thank you.

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April 01, 2018, 12:06:47 PM
Merited by bbc.reporter (5), AngryWhiteWolf (1)
 #5289

PSA: Rebase close to completion, testers welcome
https://www.reddit.com/r/Aeon/comments/88q6wi/psa_rebase_close_to_completion_testers_welcome/

Pre-release (CLI+GUI for Linux/Mac/Windows): https://github.com/stoffu/monero-core/releases/tag/v0.1.7
Source code
Block explorer (https://github.com/stoffu/onion-monero-blockchain-explorer/tree/aeon)
Mining pool (https://github.com/stoffu/cryptonote-xmr-pool/tree/aeon)
Miners compatible with the new POW

Please remember not to point too much hash power to the testnet, so that others can still easily mine blocks.
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April 01, 2018, 03:44:47 PM
 #5290

Wow, this is a very big project Smiley
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April 02, 2018, 06:00:10 PM
 #5291


Hey team.I may be interested in seeing the progress of the project and looking this ICO success. Project indeed cool, let's see how the team in the project can make this ICO run smoothly.


there is not any ICO there, but an important code rebase, showing a big progress.
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April 07, 2018, 01:02:58 AM
 #5292

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

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April 08, 2018, 05:26:10 AM
 #5293

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

How expediences is this decision? A high hashpower raises a cost price and, accordingly, a coins value.
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April 08, 2018, 01:48:39 PM
 #5294

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

How expediences is this decision? A high hashpower raises a cost price and, accordingly, a coins value.

More likely it is higher price that leads to higher hashpower
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April 08, 2018, 06:04:38 PM
 #5295

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

Monero lost more than that. They dropped almost and entire Gigahash from the network. A fricken gigahash!

I like crypto
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April 08, 2018, 06:11:59 PM
 #5296

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

How expediences is this decision? A high hashpower raises a cost price and, accordingly, a coins value.

More likely it is higher price that leads to higher hashpower

Agreed, but this is a closed circle: high price attracts miners => complexity increases => production costs are increasing => reduced supply at current price => a market price rises.

This rule works for any POW-mining coins.
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April 08, 2018, 07:15:10 PM
 #5297

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

Monero has lost about 80-85%. I don't know how much AEON will lose. Obviously it is a much smaller coin so less attractive to very large miners (who would just drive up the difficulty against themself). Still likely some of AEON hash rate is ASICs, after all some of the products explicitly advertise CryptoNight-Lite support, they would have to at least 'tested' that.
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April 08, 2018, 08:08:53 PM
 #5298

I imagine that the network hashrate will drop significantly, but I personally don't think it will be as large of a percentage as it was for Monero. In any case I am looking forward to the rebase and fork in equal measure.
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April 10, 2018, 01:34:31 AM
 #5299

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

Monero has lost about 80-85%. I don't know how much AEON will lose. Obviously it is a much smaller coin so less attractive to very large miners (who would just drive up the difficulty against themself). Still likely some of AEON hash rate is ASICs, after all some of the products explicitly advertise CryptoNight-Lite support, they would have to at least 'tested' that.


What are the Monero development team's thoughts on when ASICs, or more specifically Bitmain, started entering the Cryptonote mining space? Do you reckon that it might be longer than 3 months including testing?

Bitmain might have started mining XMR on November 2017 while tests started on July of the same year.

https://bitinfocharts.com/comparison/hashrate-xmr.html

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April 10, 2018, 02:27:55 AM
Merited by bbc.reporter (1)
 #5300

@smooth. How much is the projected reduction in hashpower once we do our own hard fork to kill ASICs mining? Monero lost 2/3.

Also, remember last year's surprising sudden increase in Aeon's hash power? It was not botnets, it was Bitmain testing their miners! Why didn't we foresee it?? hehe

Monero has lost about 80-85%. I don't know how much AEON will lose. Obviously it is a much smaller coin so less attractive to very large miners (who would just drive up the difficulty against themself). Still likely some of AEON hash rate is ASICs, after all some of the products explicitly advertise CryptoNight-Lite support, they would have to at least 'tested' that.


What are the Monero development team's thoughts on when ASICs, or more specifically Bitmain, started entering the Cryptonote mining space? Do you reckon that it might be longer than 3 months including testing?

Bitmain might have started mining XMR on November 2017 while tests started on July of the same year.

https://bitinfocharts.com/comparison/hashrate-xmr.html

Some of those hash rate change are likely natural, due to price changes.

The best indicator is probably to look at profitability or some variant thereof. We can see that starting in early 2018 or possibly late 2017, profitability started a decline to lows not seen since 2016. That was probably due to ASICs starting to capture most of the hash rate, though when they started at a low hash rate share is impossible to say.

Here an analysis from Monero core team member ArticMine. https://www.reddit.com/r/Monero/comments/8al8tm/considering_that_a_sizeable_amount_must_have_not/dwzxdj6/

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