Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 51. (Read 81547 times)

I am mining it right now.  Merit uses it, and as far as I know its the only coin on a mainnet using it.  Aeternity is probably the closest to launching their mainnet (around November).  Then there is Raddi, Veres One, and Grin (this last one confuses me).  As for mining, it is still in its infancy.  For the best performance CPU resources are needed.  So using 8 GPUs with with a celeron will bottleneck performance.  John has paid out some rather large bounties for developers to demonstrate (and make open source) higher mining performance.  I could easily see Merit becoming a sort of paypal or Venmo for the crypto space.  The invite system right now is a little goofy, but really no different than the way services like gmail started.

Capable of 1950 more or less with NO bios flash, for that matter, in the case of my Sapphire.

I would respectfully disagree.  What we need is new (actually new) coin ideas, algos, protocols, etc.  It is truly the only thing that will keep moving the crypto market forward, regardless of what is used to mine it.  When you always referred to these superhighway coins I thought you were referring to coins like bitcoin, that have a stable store of value, wide acceptance, and the ability to reliably move large sums of money.  I didn't think it was total hashrate.

I think any time a coin becomes successful, you will eventually see an ASIC for it.  You see these new "asic-resistant" coins and algos pop up often, but most of the time they don't offer anything new, don't solve any problems, or contribute nothing other than the fact that they can be mined with a GPU.  As you said, we need all types of coins.  But I think worrying about asics, fpga, gpus, before coins with actual utility, is putting the cart in front of the horse.

With all that said, calling the Cuckoo Cycle asic "friendly" is a little bit of a misnomer and actually a recent development.  The algo wasn't designed with this in mind, but after seeing that there are now Equihash ASICs,  the developer realized that this is possible, abet much more expensive;   He is a computer scientist so while he developed that algo, he didn't do it for a specific coin.  He has also kind of echoed your thoughts Phil when it comes to electricity cost.  He says regardless of the algo, centralization will always be an issue due to countries like China having cheap electricity.

His motivation for creating it:

"Yes, the main motivation was to provide a good alternative to compute bound PoWs like bitcoin's, with potentially less centralization, as hardware investment costs would potentially dominate ongoing energy costs. But I considered scrypt to be a failure as verification cost grows with the memory use. So I wanted to combine requirements of huge memory use with instant verifiability. In the end, the arrival of faster bandwidth bound solvers makes it somewhat less egalitarian than a latency boud one."

Even more so with student loans.  Plenty of people lose their asses in investments but at the end of the day, there is always bankruptcy if it gets that bad.  Student loans are for life!

I think this is fake, or hoping it is.  I mean even if he/she bought at a the all-time high. it hasn't even been a year.  Yes its down 80%, but obviously it will recover.  Its not like they put their life savings into Enron or Worldcom with zero chance of getting a cent.

And it seems this rule has to be learned the hard way about 90% of the time!

Yeah, so I added a couple of parameters first. Created a .bat file with the following command line:

geth.exe console --datadir="here the path to my ETH chain data" --syncmode=light
(check the syntax, not 100% sure as I'm not at my PC right now)
That prevents it from downloading and creating an entire new blockchain in case you haven't used the default directory to store it.

Then in the console I just used these commands in order:

personal.unlockAccount(eth.accounts[0], "my pwd here")

eth.sendTransaction({ from: "SOURCE_ADDRESS", to: "DESTINATION_ADDRESS", value: web3.toWei(3210, "ether"), nonce: 40 })

(replacing the passwords, addresses, amount and noonce by my respective values).

Tested with a small amount first to make sure that worked as intended.

Yeah sad if someone killed themselves over this. But they won't be the last to do it .

Hopefully it helps people put in a few toes at first and not jump in head first  without know how deep the water is.

This all boils down to the #1 rule of investment:  Do not invest what you can't afford to lose.

Being ignorant of your own decisions is no excuse regardless of any outcome.

Hey. Some of us have always thought decades ahead. I worked through high school and college, graduated debt free, saved everything I could, never blew money on stupid shit

I am going to have to try to do this.

Error: gas not specified

EDIT: nevermind. I used eth.sendTransaction instead. Worked.

I used Veterans bill.
I went to Queens college  in New York in the 1980's.
600 a semester
1200 a year plus books
The veterans paid 2700 a year
I had to have a 3.0 grade avg
So basically  I made a few dollars going to college.

I was lucky to have no need to take any loan during my electrical engineering studies.

Working as a part-time electrician, the Finnish study aid and mining made it possible for me.

Speaking from the age of ?


BTW  you are correct but 18-22 year old boys/men  don't think like 60 year old  men.

Nobody should be using their student loans for anything other then education... :/

Yeah things are starting to get out of hand, especially with ETH.

No idea if its true or not but apparently some mother of her child posted on Twitter/Reddit/Facebook (don't remember which) that her kid ended up committing suicide because he used his student loans to buy ETH and he got very depressed and couldn't take it anymore.

No idea if its true. With what people post on the internet it could all be a joke.

I found the link on Reddit but can't located it anymore, if someone knows what I am talking about post the link.

So two builds of vega run well

they  turn profit  small  but profit.

I am waiting on the fork  to help things out.

my rtx 2080 is due in 16 days

all in all not much

oh acorn 215+ due in sept