[ANN] AEON [2019-09-27: Upgrade to version 0.13.0.0 ASAP HF@1146200 Oct 25] - page 55.

pennys2pounds

newbie

Activity: 77

Merit: 0

Quote from: smooth on April 21, 2018, 11:03:41 AM

Quote from: pennys2pounds on April 19, 2018, 04:31:12 AM

All this whining about ASICS is just childish.

Name calling is not a persuasive argument. There is good research and theory pointing both to ASICs being positive and negative so the issue is a lot more nuanced. Appealing to your alleged superior maturity actually demonstrates the opposite.

Look in the mirror and read that back to yourself....

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: teknohog on April 21, 2018, 01:13:16 PM

Quote from: bbc.reporter on April 20, 2018, 07:26:31 PM

Now I ask, wouldn't it be better if we went straight to the ASIC friendly, but easier to commoditize mining chip production algorithm, than going through hardfork after hardfork?

Agreed. Monero's idea of slightly altering the PoW parameters every X months is just whack-a-mole, and doesn't sound like a proper development plan for any serious tech person. On the plus side, at least they are admitting that the PoW they devised to be ASIC-resistant in the past isn't very resistant now, because (omg) technology moves on. (Gosh, is it really 7 years since we developed the first Bitcoin FPGA miners? I still have that dev board lying around.)

Yes, Fluffypony's justification is because Monero is still a small network. But then are they also planning for the longterm future of the project? Of course, and I reckon they should make determined efforts to deal with ASICs now than going for short term solutions in between.

But if they are doing it to buy time for their ultimate solution then good on them. They are one of the best development teams in the cryptospace for a reason.

LaScuderia

full member

Activity: 588

Merit: 100

Quote from: smooth on April 21, 2018, 11:03:41 AM

Quote from: pennys2pounds on April 19, 2018, 04:31:12 AM

All this whining about ASICS is just childish.

Name calling is not a persuasive argument. There is good research and theory pointing both to ASICs being positive and negative so the issue is a lot more nuanced. Appealing to your alleged superior maturity actually demonstrates the opposite.

Their biggest problem is that if they capture most of the power it will simply squeeze out all who honestly minitize and do not use industrial power. As for me, it's most honest to share as done in monero and similar forks and tokens.

teknohog

sr. member

Activity: 520

Merit: 253

555

Quote from: bbc.reporter on April 20, 2018, 07:26:31 PM

Now I ask, wouldn't it be better if we went straight to the ASIC friendly, but easier to commoditize mining chip production algorithm, than going through hardfork after hardfork?

Agreed. Monero's idea of slightly altering the PoW parameters every X months is just whack-a-mole, and doesn't sound like a proper development plan for any serious tech person. On the plus side, at least they are admitting that the PoW they devised to be ASIC-resistant in the past isn't very resistant now, because (omg) technology moves on. (Gosh, is it really 7 years since we developed the first Bitcoin FPGA miners? I still have that dev board lying around.)

For something arguably more ASIC-resistant, Boolberry has had its Wild Keccak for a few years, but I guess it's NIH for everyone else. Zcoin's upcoming MTP also looks interesting with its multi-gigabyte memory requirements. But even they won't be ASIC-proof forever -- remember when 640 KB was enough for everybody?

boomboombazookajeff

copper member

Activity: 234

Merit: 1

https://twitter.com/bazookajeff

Quote from: smooth on April 21, 2018, 11:03:41 AM

Quote from: pennys2pounds on April 19, 2018, 04:31:12 AM

All this whining about ASICS is just childish.

Name calling is not a persuasive argument. There is good research and theory pointing both to ASICs being positive and negative so the issue is a lot more nuanced. Appealing to your alleged superior maturity actually demonstrates the opposite.

I agree, attack the idea and not the person. How else will we get anywhere on this issue?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: pennys2pounds on April 19, 2018, 04:31:12 AM

All this whining about ASICS is just childish.

Name calling is not a persuasive argument. There is good research and theory pointing both to ASICs being positive and negative so the issue is a lot more nuanced. Appealing to your alleged superior maturity actually demonstrates the opposite.

phamhung141a

newbie

Activity: 47

Merit: 0

How to import my funds from my old wallet to the new GUI?

Thanks

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: Goug_ on April 20, 2018, 11:04:30 AM

Quote from: bbc.reporter on April 19, 2018, 07:33:56 PM

I agree with pennys2pounds . I also reckon that Aeon will have to move out of Monero's shadow, and embracing ASICs would just be that opportunity to do it. We cannot be another litecoin of bitcoin that always waits like a parasite scamcoin and copies features developed in Monero.

And what about the decentralisation ?

If common people can't mine, only big farm will do, and what about Bitmain ? only one compagny behind more of 51% of the calculation could be an enormous problem on middle/ long terms ...

The ASICs are coming and there is nothing the common people can do about it. But smooth and americanpegasus has thought it good to switch to an ASIC resistant mining algorithm, which is a misnomer, and then switch to an ASIC friendly, but easier to commoditize mining chip production algorithm if it does not work.

Now I ask, wouldn't it be better if we went straight to the ASIC friendly, but easier to commoditize mining chip production algorithm, than going through hardfork after hardfork?

estenity

hero member

Activity: 1923

Merit: 538

interesting discussion

https://www.reddit.com/r/Aeon/comments/8dr2xs/a_perspective/

Goug_

newbie

Activity: 13

Merit: 0

Quote from: bbc.reporter on April 19, 2018, 07:33:56 PM

I agree with pennys2pounds . I also reckon that Aeon will have to move out of Monero's shadow, and embracing ASICs would just be that opportunity to do it. We cannot be another litecoin of bitcoin that always waits like a parasite scamcoin and copies features developed in Monero.

And what about the decentralisation ?

If common people can't mine, only big farm will do, and what about Bitmain ? only one compagny behind more of 51% of the calculation could be an enormous problem on middle/ long terms ...

CryptoManDude

newbie

Activity: 7

Merit: 0

guys , sorry, newbie. I don't see much activity in this coins twitter etc. is there still a value in this coin for an investment.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

I agree with pennys2pounds . I also reckon that Aeon will have to move out of Monero's shadow, and embracing ASICs would just be that opportunity to do it. We cannot be another litecoin of bitcoin that always waits like a parasite scamcoin and copies features developed in Monero.

pennys2pounds

newbie

Activity: 77

Merit: 0

The reason for the jump in difficulty is indirectly linked to ASICS. The miners that have bought these are now mining cryptonight, so those with FPGAs have shifted from cryptonight to cryptonight light as its a little more profitable.

The good news is that wasn't anywhere near as many of these sold as the ASICS so the difficulty will level out shortly.

A higher difficulty is a more secure network, networks that are more secure and with more hash, have higher coin prices.

Aeon does not need a fork imo, it needs the hashpower more to keep up with it's rivals and that is something that I am sure the devs are considering.

All this whining about ASICS is just childish. With mainstream
You all want mainstream, yet when they begins more money and better technology is inevitable.

Keep forking, the technology will just keep adapting. It's time to embrace change, Satoshis vision was only an idea. Even he wouldn't have understood just how far it would go.

You know that miners with ASICS, FPGAS, GPUs are all miners and are all part of the community.

Time to work together and embrace change.

Goug_

newbie

Activity: 13

Merit: 0

What happened to the difficulty ?

Very low during the last week (never see like this since a long time, around 4), and jump to reach 12 theses days !?!

Any particular reason ? Asic side effect?

It just began to be impossible to mine right now for normal people. Cry

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: pennys2pounds on April 17, 2018, 11:43:08 PM

That's because they don't work on Aeon!

Only the FPGAs sold by Baikal and Pinidea.

Bitmain, Hualong (Dragon mint) and Innosilicons CANNOT mine cryptonight light!

Quote from: bbc.reporter on April 17, 2018, 08:21:38 PM

Does anyone have some updates on Aeon's ASIC resisting hardfork?

Also, in what cryptcoins did the Monero ASICs transfer to? We can see that there is no substantial increase in Aeon's hashrate. We are only on 37MH/s, which is still low considering the amount of ASICs in the wild.

Maybe the ASIC miners don't see it lucrative to mine Aeon because of the low volume in Bittrex hehehe. They would lose hehe.

Ok then good, but your information needs to be verified by smooth and the mining pools. I also saw a Reddit thread today where the user called aeonminingpool-com was trying to convince everyone that an ASIC resisting hardfork for Aeon is critical and that we should hardfork before Electroneum does.

You can read more about it in this thread and please tell them what you are telling us here. Thank you.

https://www.reddit.com/r/Aeon/comments/8cr381/we_must_fork_before_etn_does/?st=jg5t2x80&sh=6923f8cb

BtcVolcano

sr. member

Activity: 672

Merit: 250

Something look many want to sell coins. A smart want to buy, and I think rightly so. Now I think the time to buy, then maybe it's too late. I hope to start the growth will continue and will not stop half way. And the success of the project I wish!

jwinterm

legendary

Activity: 3136

Merit: 1116

Quote from: lncm on April 18, 2018, 03:36:29 PM

Quote from: pennys2pounds on April 18, 2018, 03:13:06 PM

They aren't ASICS! They are FPGA's!

There's a BIG difference. There are no ASIC's that mine Aeon.

I give up.

So they mine Aeon @ 40 Kh/s @ 60W, but the important thing is to accurately name the technology inside them.

You must be a fun guy at parties.

The difference is that FPGAs are reprogrammable, so in theory for a minor change to the PoW the firmware or whatever could be updated and they'd be back mining again. I'm not sure if Baikal miners are able to do this, but there is a very real and important distinction.

lncm

member

Activity: 388

Merit: 13

Quote from: pennys2pounds on April 18, 2018, 03:13:06 PM

They aren't ASICS! They are FPGA's!

There's a BIG difference. There are no ASIC's that mine Aeon.

I give up.

So they mine Aeon @ 40 Kh/s @ 60W, but the important thing is to accurately name the technology inside them.

You must be a fun guy at parties.

pennys2pounds

newbie

Activity: 77

Merit: 0

They aren't ASICS! They are FPGA's!

There's a BIG difference. There are no ASIC's that mine Aeon.

I give up.

lncm

member

Activity: 388

Merit: 13

Of course.

And as I said, this happened after the attack to Intense Coin that led to its mining shutdown.

Pay attention, devs.

Topic: [ANN] AEON [2019-09-27: Upgrade to version 0.13.0.0 ASAP HF@1146200 Oct 25] - page 55. (Read 625654 times)