I am mining AEON coin using the minergate using CPU mining only. I hope that AEON coin will be more profitable as for now mining with AEON coin is not profitable so I have to stop mining.
Yeah Minergate are known scammers who will skim hashes
Topic: [AEON] Aeon Speculation - page 24. (Read 190178 times)
Yeah Minergate are known scammers who will skim hashes
I am mining AEON coin using the minergate using CPU mining only. I hope that AEON coin will be more profitable as for now mining with AEON coin is not profitable so I have to stop mining.
You should try mining it with some other miner then minergate., Many people had bad experiences with minergate. Getting less hash or not getting paid.
I am mining AEON coin using the minergate using CPU mining only. I hope that AEON coin will be more profitable as for now mining with AEON coin is not profitable so I have to stop mining.
Over the past week, the complexity has shown mixed dynamics. At beginning of the week was a significant reduction. Is it was mass return to Monero?
https://bitinfocharts.com/comparison/monero-difficulty.html#6m
https://bitinfocharts.com/comparison/monero-difficulty.html#6m
For a while it become more profitable than ETH and ZEC, which brought over some miners. It seems to have reach a somewhat steady state for now at about 450 MH.
Over the past week, the complexity has shown mixed dynamics. At beginning of the week was a significant reduction. Is it was mass return to Monero?
https://bitinfocharts.com/comparison/monero-difficulty.html#6m
https://bitinfocharts.com/comparison/monero-difficulty.html#6m
@Febo. But there already are ASICs for Aeon. Bitmain's miners can be configured to mine cryptonight light if what I heard is correct.
Then if miners find it profitable to mine Aeon then that's where they will go.
Also, remember the sudden increase in hashrate last year? That might not be botnets, but Bitmain.
Then if miners find it profitable to mine Aeon then that's where they will go.
Also, remember the sudden increase in hashrate last year? That might not be botnets, but Bitmain.
Not sure about Bitmain, but Baikal I'm pretty sure.
@Febo. But there already are ASICs for Aeon. Bitmain's miners can be configured to mine cryptonight light if what I heard is correct.
Then if miners find it profitable to mine Aeon then that's where they will go.
Also, remember the sudden increase in hashrate last year? That might not be botnets, but Bitmain.
Then if miners find it profitable to mine Aeon then that's where they will go.
Also, remember the sudden increase in hashrate last year? That might not be botnets, but Bitmain.
With this fork that comes now with rebase we will also add tail emision. So when we reach 18.6 millions coin I think will be in 2024, there will be small tail emision in every block to prevent that network will ever get out of miner reward. What will eventually happen in Bitcoin and most other PoW coins.
Thank You! This is really necessary.
I dont know if AEON is big enough tat anyone built ASICS for it. In future since developers said they will fight ASICS with changing mining algorithm I am sure no one will even plan doing one in future. It is just unneded risk. They will rather focus in coins where developers dont care about ASIC mining. There are plenty such coins.
Today I read that after the fork, Bitmain were forced to reduce the price by 5 times for these ASICs. This is definitely a business failure.
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.
For example, during the same period, less than 2% BTC was mined.
Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.
Actually in last 8 months 750k BTC was mined. So is not that much off actually. Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months. That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.
What’s more intriguing is the fact that there is the 18.6(?) limit of coins plus tail emission to account for with both AEON and Monero. So you can compare the emissions with both BTC and AEON/XMR, but you must keep in mind that 18.6 mil cap.
What will happen to the coin when the supply reaches the limit?
Will the Aeon network able process transactions without miners?
I understand that this isn't the new question, and it's relevant for any POW-coin. Where I can read reflections on this?
With this fork that comes now with rebase we will also add tail emision. So when we reach 18.6 millions coin I think will be in 2024, there will be small tail emision in every block to prevent that network will ever get out of miner reward. What will eventually happen in Bitcoin and most other PoW coins.
@bbc.reporter
I dont know if AEON is big enough tat anyone built ASICS for it. In future since developers said they will fight ASICS with changing mining algorithm I am sure no one will even plan doing one in future. It is just unneded risk. They will rather focus in coins where developers dont care about ASIC mining. There are plenty such coins.
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.
For example, during the same period, less than 2% BTC was mined.
Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.
Actually in last 8 months 750k BTC was mined. So is not that much off actually. Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months. That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.
What’s more intriguing is the fact that there is the 18.6(?) limit of coins plus tail emission to account for with both AEON and Monero. So you can compare the emissions with both BTC and AEON/XMR, but you must keep in mind that 18.6 mil cap.
What will happen to the coin when the supply reaches the limit?
Will the Aeon network able process transactions without miners?
I understand that this isn't the new question, and it's relevant for any POW-coin. Where I can read reflections on this?
Yeah that’s what the tail emission is for. With Bitcoins supply limit, the theory is is that people will be able to compensate the miners enough through only fees to have their txs included in blocks they mine... for XMR/AEON they have a steady 3 (I think) “tail emission” that goes on forever after the hard limit of (I think) 18.6 million coins have been mined.
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.
For example, during the same period, less than 2% BTC was mined.
Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.
Actually in last 8 months 750k BTC was mined. So is not that much off actually. Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months. That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.
What’s more intriguing is the fact that there is the 18.6(?) limit of coins plus tail emission to account for with both AEON and Monero. So you can compare the emissions with both BTC and AEON/XMR, but you must keep in mind that 18.6 mil cap.
What will happen to the coin when the supply reaches the limit?
Will the Aeon network able process transactions without miners?
I understand that this isn't the new question, and it's relevant for any POW-coin. Where I can read reflections on this?
@Febo. I am not as optimistic on Aeon this year after the Bitmain Cryptonote ASICs exposé. As the smaller project, I reckon Aeon can adjust more quickly if it embraces the use of ASICs.
I read katiecharms' post about changing the mining algorithm to stop ASICs and then decide to use an ASIC friendly algorithm if the plan doesn't work.
It will not work, I reckon. The ASICs are coming.
I read katiecharms' post about changing the mining algorithm to stop ASICs and then decide to use an ASIC friendly algorithm if the plan doesn't work.
It will not work, I reckon. The ASICs are coming.
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.
For example, during the same period, less than 2% BTC was mined.
Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.
Actually in last 8 months 750k BTC was mined. So is not that much off actually. Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months. That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.
What’s more intriguing is the fact that there is the 18.6(?) limit of coins plus tail emission to account for with both AEON and Monero. So you can compare the emissions with both BTC and AEON/XMR, but you must keep in mind that 18.6 mil cap.
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.
For example, during the same period, less than 2% BTC was mined.
Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.
Actually in last 8 months 750k BTC was mined. So is not that much off actually. Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months. That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.
Two graphics:
August 8
Today
Pay attention to volumes in peak areas.
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.
August 8
Today
Pay attention to volumes in peak areas.
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.
In any case, my bids below 20k satoshis are waiting. Come get them.
I'm not sure that here You will find people willing to help this Your bids.
@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.
Code rebase will do a lot since then exchanges will be able to add AEON. It will actually become an usable coin. And small blockchain will give you chance to fast sync full node. I dont see a reason why not it would also become useful to some.
I do hope so for all our hard work holding and self interests in mind hehehe. But seriously, Aeon needs to move out of Monero's shadow to be its own project.
In any case, my bids below 20k satoshis are waiting. Come get them.
@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.
Code rebase will do a lot since then exchanges will be able to add AEON. It will actually become an usable coin. And small blockchain will give you chance to fast sync full node. I dont see a reason why not it would also become useful to some.
That's I reasoned with myself last year.
I thought "damn it, it's fast Monero only without GUI. When will a usability the coin will fly up." And I was very glad that these arguments let me more than recoup the investment. In fact, it would be my best investment, but I decided that even $8 is not the goal to which the coin goes and I sold only 15% of the balance.
I'm still sure AEON has the future.
I totally agree with all of this, but let me try to add one more thing on top of all of that. There are so many academics in the core team and research lab over at Monero that will eventually come across some contradicting ideas as to code improvements. I think you can almost be certain that Monero will always chose the most secure ways to be anonymous which might bloat the block chain even with bullet proofs down the road.
We can never know what new PoW schemes they might figure out to be more secure, or even quantum resistant that doesn't require trusted set ups...
However, you can be sure the Aeon will choose the more light weight and "mobile friendly" routes while benefiting from the code "options" we get downstream because of using the same code base (at least for right now).
@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.
Code rebase will do a lot since then exchanges will be able to add AEON. It will actually become an usable coin. And small blockchain will give you chance to fast sync full node. I dont see a reason why not it would also become useful to some.
That's I reasoned with myself last year.
I thought "damn it, it's fast Monero only without GUI. When will a usability the coin will fly up." And I was very glad that these arguments let me more than recoup the investment. In fact, it would be my best investment, but I decided that even $8 is not the goal to which the coin goes and I sold only 15% of the balance.
I'm still sure AEON has the future.
@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.
Code rebase will do a lot since then exchanges will be able to add AEON. It will actually become an usable coin. And small blockchain will give you chance to fast sync full node. I dont see a reason why not it would also become useful to some.
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