[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes

[georgem]

Id assume a bot-net would go for large offices/companies, where people would be unaware of the extra pc usage.

Large offices/companies wont have very powerful GPU's if any at all.

It would be easier to organise a CPU botnet than a GPU botnet, because i can farm large amount of CPU power from "large" companies, but with GPU i would have to gather from individuals, which would be harder.

Large offices/companies are probably running a bunch of shitty old Celerons, I don't think it's much of a threat. And any company that happens to have rackfulls of 14 core Xeons is likely to have a sysadmin that just might notice the sudden massive load increase or their atomic weapons simulation or HFT algos grinding suddenly to a halt and various red strobing lights and ear splitting sirens going off.

Botnets are more myth than reality in cryptocurrencies.

Allow me to disagree We are on i5 for around 3000 machines

...which run in near idle mode most of the time.
(idle means I mostly write and read emails and documents with my machine)

On my machine, the difference between power consumption in idle mode and power consumption with 100% CPU is 500%.
Idle = 30 W, cpu 100% = 150 W.
(I included motherboard etc... but NOT screen etc..)

So, I believe that your company will really start to worry when suddenly the power bill is 5 times higher.

[antonio8]

Anyone think we should put together a community bounty fund for an improved GPU miner?

I'd rather pay for a true CPU only solution.

Impossible. What you CAN do, is make GPU simply not worth it. But it's a really stupid idea - botnets will then dominate the hashrate if your coin has any value.

EDIT: Shit, what am I saying, I'm better at CPU dev than GPU dev. Disregard my last.  

Please explain to me why CPU mining is prone to botnet subversion but GPU or ASIC mining is magically not.

If it's connected to the internet, it's hackable. CPU/GPU/ASIC makes no damn difference. If an attacker has control of your box, and your mining software, then they have control of your mining hardware too whatever that might be.

Exactly.

Also what I never understood is.... yeah I understand it's possible that someone makes my pc his bot and makes it spread emails or malware, without me noticing it immediately. Ok, get it.

But how is he going to let my pc CPU mine without me noticing the higher temperature, the higher noise the fans are going to make, and the general slowliness that will make me wonder immediately what's going on with my pc?

Id assume a bot-net would go for large offices/companies, where people would be unaware of the extra pc usage.

Large offices/companies wont have very powerful GPU's if any at all.

It would be easier to organise a CPU botnet than a GPU botnet, because i can farm large amount of CPU power from "large" companies, but with GPU i would have to gather from individuals, which would be harder.

Just a few examples

http://www.pcworld.com/article/2452080/facebook-kills-lecpetex-botnet-which-hit-250000-computers.html

http://www.coindesk.com/how-homeowners-helped-hackers-500-million-dogecoins/  And look at the date this happened. Doge was still at a decent price.

There are others that you can search yourself. These are examples of every day people who became infected.

Maybe 80-90% of people who get infected have no idea. They just know that their computer is "slow". I have worked on peoples computer who have not updated virus protection from 6 months to a year. Some who had none at all. The average person has no idea how to protect themselves. How many of you have seen a family or friend's computer that has the browser where there are tool bars that take up 1/4 of the page. Most of these people just click "next" when they install something and never read the add ons or anything else.

So yes. Just going back to cpu at this point would be more harm than good. It is catching the attention of people. And besides botnets if it did go back to cpu only someone would eventually make a stand alone cpu miner and just rent AWS or something and control it. That is if a cpu stand alone miner does not exits now.

[soundwallet]

CPU-only is really a stupid idea,just look back at what happend to XPM,DTC,PTS,BCN,......
Do you think you are smarter than XPM dev?? !!
And it's really stupid for old crytpo players to discuss such an old topic here.

[soundwallet]

The most safe way is to push the GPU hashpower to the extreme making it little room to improve.
The most fair way is to let every miner get the fastest miner at the same time and mine at the same starting point .
CPU-->GPU-->FPGA-->ASIC is an evitable trend for every successful BIG coin,no exception!

[soundwallet]

The most safe way is to push the GPU hashpower to the extreme making it little room to improve.
The most fair way is to let every miner get the fastest miner at the same time and mine at the same starting point .
CPU-->GPU-->FPGA-->ASIC is an evitable trend for every successful BIG coin,no exception!

There's ONE big coin, BTC. Sample size is too small to say that.

Yes,you are right if you compare BTC with traditional industry scale.
Everybody is keen on arms race driven by profit,ASIC is the ultimate weapon --nuclear weapon.

[georgem]

is there something thinkable that could be even more advanced/efficient than an ASIC?

lol, i'm just kidding... puting the algorithm itself in hardwired form is the end of the road, right?

So atleast then this arms race ends.

So maybe we should all welcome ASIC and hope that we get there as soon as possible... maybe every coin has to hope that.

[NoobKidOnTheBlock]

is there something thinkable that could be even more advanced/efficient than an ASIC?

lol, i'm just kidding... puting the algorithm itself in hardwired form is the end of the road, right?

So atleast then this arms race ends.

So maybe we should all welcome ASIC and hope that we get there as soon as possible... maybe every coin has to hope that.

Maybe this is a little off topic but has anyone seen that cleverhash.com site where apparently they have these ASIC miners for X algos that can mine like 1Th or something like that? I was just glancing over it and was wondering if it was a total scam or if anyone actually knew anyone that had gotten anything off of them?  I mean if that is true someone could swamp any X algos with one or two of those puppies lol

[Cryptosis]

is there something thinkable that could be even more advanced/efficient than an ASIC?

lol, i'm just kidding... puting the algorithm itself in hardwired form is the end of the road, right?

So atleast then this arms race ends.

So maybe we should all welcome ASIC and hope that we get there as soon as possible... maybe every coin has to hope that.

Maybe this is a little off topic but has anyone seen that cleverhash.com site where apparently they have these ASIC miners for X algos that can mine like 1Th or something like that? I was just glancing over it and was wondering if it was a total scam or if anyone actually knew anyone that had gotten anything off of them?  I mean if that is true someone could swamp any X algos with one or two of those puppies lol

Yep, with 100% rejected shares lol but on a serious note, their is no x coin the even comes close to that kind of hash rate so if they existed they would mine them for 6 months before ever releasing so we would see darks hashrate skyrocket and this isn't the case. Maybe some slower FPGA miners out there

[NoobKidOnTheBlock]

is there something thinkable that could be even more advanced/efficient than an ASIC?

lol, i'm just kidding... puting the algorithm itself in hardwired form is the end of the road, right?

So atleast then this arms race ends.

So maybe we should all welcome ASIC and hope that we get there as soon as possible... maybe every coin has to hope that.

Maybe this is a little off topic but has anyone seen that cleverhash.com site where apparently they have these ASIC miners for X algos that can mine like 1Th or something like that? I was just glancing over it and was wondering if it was a total scam or if anyone actually knew anyone that had gotten anything off of them?  I mean if that is true someone could swamp any X algos with one or two of those puppies lol

Yep, with 100% rejected shares lol but on a serious note, their is no x coin the even comes close to that kind of hash rate so if they existed they would mine them for 6 months before ever releasing so we would see darks hashrate skyrocket and this isn't the case. Maybe some slower FPGA miners out there

Well I had a feeling that it was too good to be true but I figured I would ask if anyone had heard of it lol Thanks buddy

[gjhiggins]

has anyone seen that cleverhash.com site where apparently they haveare taking orders for these ASIC miners for X algos

Hmph, wasted my time with this. If only out of respect for yourself and your fellow Spreadcoinmates, perhaps you could aim to be a little more choosy in your wording.

Look hard before you leap: first thoroughly acquaint yourself with the details of the product purchase agreement.

The product purchase agreement refers to “Cleverhash Technologies, Corp” but there appears to be no independent supporting evidence for the existence of this specific corporation and I believe it’s mandatory for a legally-constituted corporation in the US to provide information on board members, liability limitations, etc.

“Corporations, LLCs, and LPs are formed by filing a certificate of formation with the secretary of state. Corporations are owned by shareholders, managed by a board of directors, and administered by officers.” <- TX business formation FAQ, can't be all that different for GA.

I make a point of always checking the official records.

btw, according to the FAQ, X14 isn't one of the anticipated supported hashfn combos:

”Currently our X15 Triple X chip will only output X11, X13 and X15.”

Cheers

Graham

[NoobKidOnTheBlock]

has anyone seen that cleverhash.com site where apparently they haveare taking orders for these ASIC miners for X algos

Hmph, wasted my time with this. If only out of respect for yourself and your fellow Spreadcoinmates, perhaps you could aim to be a little more choosy in your wording.

Look hard before you leap: first thoroughly acquaint yourself with the details of the product purchase agreement.

The product purchase agreement refers to “Cleverhash Technologies, Corp” but there appears to be no independent supporting evidence for the existence of this specific corporation and I believe it’s mandatory for a legally-constituted corporation in the US to provide information on board members, liability limitations, etc.

“Corporations, LLCs, and LPs are formed by filing a certificate of formation with the secretary of state. Corporations are owned by shareholders, managed by a board of directors, and administered by officers.” <- TX business formation FAQ, can't be all that different for GA.

I make a point of always checking the official records.

btw, according to the FAQ, X14 isn't one of the anticipated supported hashfn combos:

”Currently our X15 Triple X chip will only output X11, X13 and X15.”

Cheers

Graham

Woah someone must've gotten Rekt on some BTC lately lol Why so harsh my friend? I simply asked a question on something that I happened to glance upon.  I never said it was legit or that it was a good idea, I simply asked if anyone had heard of it.  I'm terribly sorry for wasting your valuable precious time that it took you to read and correct my message from earlier.  A thousand apologies good sir I'll make sure that I grammar check all my messages from this point on and I'll make sure that I refrain from asking a simple question about something I had looked at Cheers

[mdsn]

any coin that can be mined ASIC is trash

[oblox]

any coin that can be mined ASIC is trash

No

[mdsn]

any coin that can be mined ASIC is trash

No

http://sd.keepcalm-o-matic.co.uk/i/don-t-believe-me-just-watch-3.png

[jjjordan]

What is -gen option?
  -gen                   Generate coins (default: 0)
Is this solo mining related or what?

[fenghush]

I don't understand what stops pools from signing the blocks with one address regardless who found the block and credit miners based on the hashrate counted i.e. pseudo-shares?

[Time4Btc]

so how is spread coin doing overall?

[jjjordan]

What is -gen option?
  -gen                   Generate coins (default: 0)
Is this solo mining related or what?

Solo shitty CPU mining.

Oh, so basically the feature description is "Start mining on wallet start"?..

[fenghush]

I don't understand what stops pools from signing the blocks with one address regardless who found the block and credit miners based on the hashrate counted i.e. pseudo-shares?

They can. The thing is, the miners can also steal blocks, because to hash, they must prove the ability to spend the coinbase tx.

Got it, since miners must submit the blocks with the same private key. Very interesting.

[e1ghtSpace]

What is -gen option?
  -gen                   Generate coins (default: 0)
Is this solo mining related or what?

Solo shitty CPU mining.

Oh, so basically the feature description is "Start mining on wallet start"?..

Yep. Only use that if you want to slow down your computer.