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Question: What new algorithm do you prefer for the future of EMC2?  (Voting closed: June 21, 2014, 04:26:40 PM)
PoS (Proof of Stake) - 18 (42.9%)
X11 - 3 (7.1%)
X13 - 4 (9.5%)
Scrypt-N - 4 (9.5%)
Groestl - 2 (4.8%)
Qubit - 2 (4.8%)
Scrypt (No change) - 9 (21.4%)
Total Voters: 42

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Author Topic: POLL: Vote for Einsteinium Coin's New Algorithm  (Read 1807 times)
einsteinium (OP)
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June 16, 2014, 04:26:40 PM
Last edit: June 16, 2014, 05:08:25 PM by einsteinium
 #1

Although there are no immediate technical issues with the coin or algorithm, there has been quite a bit of discussion regarding changing EMC2's mining process to better suit our community.

The voting will last 5 days and the highest voted algorithm be chosen and implemented as soon as possible. An official announcement will be made on our forum here:

https://bitcointalk.org/index.php?topic=494708.0

Please contact me directly if you would like more options added to the poll.

Thank you.

MIL coin Blue Paper www.emc2.foundation/mil
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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poiuty
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June 16, 2014, 08:35:51 PM
 #2

cant vote,
+1 Scrypt-N and merged mining with vertcoin (and stealth transactions)
Gauss14
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June 17, 2014, 06:41:49 AM
 #3

I can't vote.

I wanna vote for X11.

I'm not saying POS because EMC2 has relatively small mining community compared to Bitcoin and Litecoin and transactions should be processed. And I found it unsafe to give it to scrypt-ASICS. There is so much hash power. If a big miner switches, they would have more than %51 of our relatively low hash power network and we became vulnerable to network attacks.

Many people here says scrypt-ASICs is inevitable and more efficient, yes they are more efficient than GPU/CPU mining. Hey! what happened to "spread the hash" idea? As scrypt-ASIC manufacturers were getting pre-orders, Litecoin's hash power became x2 and x3 fold gradually. They seem to be selling to end-customers like you and me but I think they sold the technology (or themselves using it) to big ones long ago. It doesn't look like GPU and CPU sales and evenly distributed among miners. I think it's against the core idea of Bitcoin and all crypto curriences because there are several big and credible ASIC manufacturers and not everyone can buy from them (think around the globe). Their are availability can not compete with GPU and CPUs.

I started as a miner (GPU). Now I can't mine because of difficulties and recent prices. Even it can't pay my electricity with these prices. Script-ASICs are here (look at Litecoin hash power - 320GH/s now). I hope EMC2 will survive and stand in the long run because only a handful altcoin will survive with the Bitcoin.
anujjain
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June 17, 2014, 08:36:57 AM
 #4

POS is always best option.
ahumanbeingx
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June 17, 2014, 02:14:52 PM
 #5

I've created the exact same poll on our FB group for those who cannot vote here on bitcointalk.org - Both polls will be averaged and the winner will be announced next weekend.

Vote and comment on our FB poll to receive 100 emc2!

https://www.facebook.com/groups/einsteiniumgroup/

Developing the future of crypto.
RJF
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June 17, 2014, 03:18:53 PM
 #6

Although there are no immediate technical issues with the coin or algorithm, there has been quite a bit of discussion regarding changing EMC2's mining process to better suit our community.

The voting will last 5 days and the highest voted algorithm be chosen and implemented as soon as possible. An official announcement will be made on our forum here:

https://bitcointalk.org/index.php?topic=494708.0

Please contact me directly if you would like more options added to the poll.

Thank you.

Just a suggestion; if POS wins out, take a look at AsiaCoin's specifications concerning % of interest and time lines. Thx...

RJF

PS: I don't do FaceBook...  Smiley

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afeizhai
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June 18, 2014, 01:18:32 PM
 #7

POS is always best option.

+1

foodies123
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June 19, 2014, 05:54:49 PM
 #8

hardfork to multi-pow integrate merged mining on one of the algos, reduce coinbase on that merged minable algo, get free hashrate from polymyr.

nope
matauc12
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June 19, 2014, 06:30:08 PM
 #9

I find it quite interesting that "those who cant vote here" have such a discrepency in what they want as opposed to those who can vote here...
poopypants
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June 28, 2014, 02:08:47 PM
 #10

Missed the vote.... been busy...

+1 for POS

Einsteinium: http://einsteinium.org/    Helping advance Science

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