Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 50. (Read 81547 times)

Have you got a link? I'm reading it's gonna be more like mid-October...

@dragonmike
Discord link updated to never expire, I set it that way because I did'nt want alot of people on the pools till we could test stability etc ,we are good now

Btw your private pool discord signature link is dead. Can you update/send another one please? Would love to join.

unfortunately progpow is power hungry because it uses all parts of the gpu
in order to make it pretty much impossible for asics or fpgas to be able to duplicate its
algorithm without adding pretty much all the pipeline fraturs of a gpu.

probably uses around 20 to 30 more per card  for nvidia and ditto for amd.

Is it possible to mine with a couple of rigs onto a QT wallet that's on a separate PC - yet on the same LAN?
Say I have three rigs whose ip's are 192.168.0.10/11/12. I want to run the QT on PC with ip 192.168.0.20. How do I define that in the miners' command line?

I wanted to try ProgPow last night but ended up testing Mkxminer's new lyra2z miner on my AMD rigs. Works pretty well, getting ~2.8 MH/s per RX 570. A bit less than I hoped, but more than I ever had from any other miner. Dude just needs to fix Vega's.

SMOS / 3 x ZOTAC AMP Extreme 1080ti (Test/Dev Rig)

progpowminer-v0.15.0-dev0-cuda9.1   

-U -P stratum+tcp://iMXxw7CLwohGY5eFYYMMs7g8Bk5JdB31YS.$rigName:[email protected]:3333

Mining directly to QT wallet

The GPU farm is currently on CNHeavy now to save on power bill.

What is progpow appetite on power compared to Cryptonight?

Monero's next fork is Sept 16... getting ready for that one.

yeah i bought 200 coins on biffinex but i cant withdraw them to my wallet to gain interest, Im hoping by friday they will enable withdrawals, the staking site i cool, the api won’t let u stake coins that you dont have, it verified the wallet seamlessly.  Im staking weekly for now, as i get more coins ill stake a stack monthly as well. 

ok we will be glad to have you, we are finding a decent amount of blocks , fast payouts too

Yeah but you need the newest smos stick the one with 396.4 drivers for nvidia not the older stick with 384 drivers.
I flashed my sticks today. But only 1 miner is in the House.

The others are at my friends office.

He put a new group in today.  Progpow

Retaining the coins on the wallet gets interests as well - looks promising this coin.

I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work"

Any specific Equihash algo/fork to use with this pool?

no

it is a new al-gore-rythm designed to punish dedicated asics  and favor gpus.  maybe fpga's


you could buy on bitfinex and hope for a pump

or you could root for me to hit a block

 http://solo-bci.altpool.pro/workers/iG5mxRMZErtXwReBaEvpYam7PQStwgK5hR

it will allow gpus at the moment and it likes 1080tis

can a Z3 join this pool?

I have 3 rigs with six 1080ti's on them mining BTG.  edit three 2 card rigs for  total of  6 1080ti's

I can't switch them until I burn 3 newer smos usb sticks.

My friend will be at his office on Thurs I may try to do it then.

need more people on our bci pool

http://67.40.164.173:8080/stats

Yeah i agree, internal private blockchains are counter productive to what blockchain is all about. If you have a private internal blockchain, then whats it's difference from having an centralized database server? A custom server can be configured pretty well to match or even surpass blockchain features.

Like philip said, there will always be a place for public blockchains and mining incentives (not for GPU miners).

There will always be a place for public blockchains.

Will everyone be able to mine with a gpu while they sleep like 2017 maybe but I don't think so.

Here's the thing.. internal blockchains can/could be manipulated. With a few bad actors could could easily rewrite/forge some stuff.

The incentive of a public blockchain is the BlockReward and the enconomic value that it brings when solving it. Therefore all actors must act in good faith otherwise they lose their value.

im sure a lot of blockchains will be internal use only, used to keep track of the various company assets.

projects still can have internal competition and departmental/regional goals. and if some project just wanted private or internal participants, those participants would want a way to prove the percentage of work they contribute, no? possibly it could just be a list of blocks its found vs other participants.. but issued tokens would be a way too. those tokens could be valuable somehow, such as determining participation levels, bonus amounts, allocation of company funds, etc. the tokens and use thereof would be auditable proof on the owning departments or branches participation and used to vote on company agendas.

so, not a general cryptocurrency per se as it wont mean anything outside of that company, but cryptosomething at least. even if only usable within that company.

but, that would expend an awful lot of energy depending on what the chain uses to support it. ideally it could use an algorithm that would generate results beyond simply proof or work, something thats part simulation or something thats otherwise beneficial to the company.. tangible results that could be used for company research or simulations maybe. since its internal they should be able to audit the miners and algo etc to ensure none are cheating.

maybe even get to the point employees could use home equipment to mine the companies blockchain for compensation. but then its pretty much cryptocurrency again heh.

Here's a curve ball.
What if blockchain technology did not need cryptocurrency?

If the next years show blockchain tech get adopted more and more in permissioned environments, there is no need to reward the private actors/miners with currency.

The great dream of decentralisation and distributed ledger for the masses could be falling flat on its face. Permission-less blockchains could become a thing of the past and/or be relegated to github, i.e. open-source development.

...and I would let you figure out what that would mean for 99% of altcoin prices.

I am glad that it worked for you. Maybe with the last fork November they required you to specify the gas price. I remember I just used the default gas price and it eventually confirmed and sent.

But I think to prevent transactions from being stuck forever, I think now you are forced to specific the Gas Limit and the Gas Price.

All you do I think is just add the parameters to the eth.sendTransaction or eth.signTransaction.

Before you send it, it shows you all the assigned values and default values in an excel type format, and you just manually change the Gas and Gas Limit and try to send it again.

One thing where ETH exceeds in BTC is you don't need to download the entire blockchain to send your unspent inputs. It automatically does this for you. So its perfect for cold storage. Because it would be a pain downloading 700Gb.