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Topic: [ANN] Altcoin - Mining only for people (Read 1553 times)

full member
Activity: 420
Merit: 108
August 01, 2017, 11:50:29 PM
#30
Maybe it's just me, but I don't really think this is possible.  It sounds as difficult as creating a bug-free game, or a un-hackable operating system.  If the coin becomes profitable then someone will find a way to mine it with specialized hardware.  It's like saying we're mining diamonds, but you can only mine them with shovels, no machines.  But... maybe you have something and if you do, more power to you!

It is not difficult to change the very principle of mining and achieving consensus.
full member
Activity: 392
Merit: 102
August 01, 2017, 06:58:08 PM
#29
Maybe it's just me, but I don't really think this is possible.  It sounds as difficult as creating a bug-free game, or a un-hackable operating system.  If the coin becomes profitable then someone will find a way to mine it with specialized hardware.  It's like saying we're mining diamonds, but you can only mine them with shovels, no machines.  But... maybe you have something and if you do, more power to you!
full member
Activity: 306
Merit: 106
August 01, 2017, 03:56:27 PM
#28
So you are trying to patent code? I ask because I have experience with this,

No, it does not make sense to patent the code. If patented, then the way to achieve the commercial goal.

Well what I was going to tell you is patenting code doesnt really protect you anyway because it only protects against someone copying your code 100%. But it sounds like you aren't doing that anyway. Curious to see what comes of all this.
full member
Activity: 420
Merit: 108
August 01, 2017, 10:04:43 AM
#27
So you are trying to patent code? I ask because I have experience with this,

No, it does not make sense to patent the code. If patented, then the way to achieve the commercial goal.
full member
Activity: 306
Merit: 106
July 31, 2017, 02:19:34 PM
#26
So you are trying to patent code? I ask because I have experience with this,
full member
Activity: 420
Merit: 108
July 29, 2017, 02:39:23 AM
#25
Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.

CPU mining? Botnets

Un-poolable? Multiple wallets per machine/per card/per whatever

Hashrate limit? See above

Limited emission? Less profitable for the smaller miners so no interest

If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.

I hope that this is so. I await a response from the patent attorney about the possibility of obtaining a patent. If this invention is patentable. If not, I'll lay out the diagrams that reveal the essence of this topic.

When you say invention are you referring to the code? Or is there a physical device?

Method and system for its implementation
full member
Activity: 306
Merit: 106
July 28, 2017, 03:26:10 PM
#24
Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.

CPU mining? Botnets

Un-poolable? Multiple wallets per machine/per card/per whatever

Hashrate limit? See above

Limited emission? Less profitable for the smaller miners so no interest

If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.

I hope that this is so. I await a response from the patent attorney about the possibility of obtaining a patent. If this invention is patentable. If not, I'll lay out the diagrams that reveal the essence of this topic.

When you say invention are you referring to the code? Or is there a physical device?
full member
Activity: 420
Merit: 108
July 28, 2017, 02:32:03 PM
#23
Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.

CPU mining? Botnets

Un-poolable? Multiple wallets per machine/per card/per whatever

Hashrate limit? See above

Limited emission? Less profitable for the smaller miners so no interest

If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.

I hope that this is so. I await a response from the patent attorney about the possibility of obtaining a patent. If this invention is patentable. If not, I'll lay out the diagrams that reveal the essence of this topic.
hero member
Activity: 1151
Merit: 528
July 28, 2017, 01:59:08 PM
#22
Yes, there would be a lot of interest in this for anyone with a simple hobby mining setup. However as soon as it was profitable anyone with a larger setup would take it on. There is really nothing you can do to stop bigger farms from mining it.

CPU mining? Botnets

Un-poolable? Multiple wallets per machine/per card/per whatever

Hashrate limit? See above

Limited emission? Less profitable for the smaller miners so no interest

If you really do have something it will be extremely cool so I hope you can, but those problems are pretty hard to overcome.
full member
Activity: 420
Merit: 108
July 28, 2017, 01:54:02 PM
#21
So, heres the deal...

Anything can be profitable. The profit of all of these cryptocurrencies in the end is because all of us assign value to it. Beanie Babies were valuable because we assigned value to them. Fiat currency is valuable because we assign value to it. A chair is valuable because we assign value to it.

Your question and search for an "answer" is futile. If you create something that has value, and can convince us, the people and users of your coin that is has value then the method of mining really doesn't matter. On the contrary you have an uphill battle to climb because there is a preconceived notion that CPU mining and ordinacy PC mining is not worth it. Its similar to the battle that PoS systems face. There is no "Right" answer. A PoS system is no better or worse than a PoW system, the people just favor PoW for various reasons, thats not to say PoS can't be successful.

In short.... stop beating around the bush and telling everybody all the "amazing things your coin might or might not be able to do" and just do it.

It would be like me saying, hey guys I have this car, its basically as fast as a Lambo, costs as much as a Toyota, but I PROMISE its just as good!!!!!! Anybody interested?Huh

 Grin

I'm working. I wanted to clarify something for myself. And when I write my thoughts and see people's reaction to them, it helps me. Therefore - thank you for participating in the discussion)
full member
Activity: 306
Merit: 106
July 28, 2017, 01:26:55 PM
#20
So, heres the deal...

Anything can be profitable. The profit of all of these cryptocurrencies in the end is because all of us assign value to it. Beanie Babies were valuable because we assigned value to them. Fiat currency is valuable because we assign value to it. A chair is valuable because we assign value to it.

Your question and search for an "answer" is futile. If you create something that has value, and can convince us, the people and users of your coin that is has value then the method of mining really doesn't matter. On the contrary you have an uphill battle to climb because there is a preconceived notion that CPU mining and ordinacy PC mining is not worth it. Its similar to the battle that PoS systems face. There is no "Right" answer. A PoS system is no better or worse than a PoW system, the people just favor PoW for various reasons, thats not to say PoS can't be successful.

In short.... stop beating around the bush and telling everybody all the "amazing things your coin might or might not be able to do" and just do it.

It would be like me saying, hey guys I have this car, its basically as fast as a Lambo, costs as much as a Toyota, but I PROMISE its just as good!!!!!! Anybody interested?Huh
full member
Activity: 420
Merit: 108
July 28, 2017, 01:41:16 AM
#19


Quote
The concept of a new coin implies a maximum equalization of possibilities and the absence of the need for confirmation of transactions.

I'm still trying to figure out how that would be achieved and have all the miners agree on the transactions.

But it's possible to build a coin based on new concepts and have people adopt it as time goes by. Just look at bitcoin.



I took the bitcoin as a basis. Just some changes in the mining and building of consensus.
full member
Activity: 154
Merit: 100
July 27, 2017, 04:26:40 PM
#18


Quote
The concept of a new coin implies a maximum equalization of possibilities and the absence of the need for confirmation of transactions.

I'm still trying to figure out how that would be achieved and have all the miners agree on the transactions.

But it's possible to build a coin based on new concepts and have people adopt it as time goes by. Just look at bitcoin.

full member
Activity: 420
Merit: 108
July 27, 2017, 04:03:48 PM
#17
You can not get enough profit.
So it will be an scam ico. Electrc bill will be more expensive than mined currencies  Wink

No, dear, everything will be ok. There will be a significant energy saving, which is now wasted for nothing.  Grin
hero member
Activity: 1008
Merit: 533
July 27, 2017, 03:55:28 PM
#16
You can not get enough profit.
So it will be an scam ico. Electrc bill will be more expensive than mined currencies  Wink
full member
Activity: 420
Merit: 108
July 27, 2017, 01:41:25 PM
#15
I think going back to your question.

Is there a need for such a coin?
What do you think?
Thank you

There's no need. As utilizing PC for mining is not that profitable. Consider electricity consumption and the "damage" that your PC will incur during mining. Not that good.

I agree with you, the PC is not so profitable to mine coins since its calculating power is limited, some professional computers can do more with higher efficiency.

The concept of a new coin implies a maximum equalization of possibilities and the absence of the need for confirmation of transactions.
sr. member
Activity: 364
Merit: 250
Spectiv VR Crowdsale: 12/08/17
July 24, 2017, 10:58:00 AM
#14
I think going back to your question.

Is there a need for such a coin?
What do you think?
Thank you

There's no need. As utilizing PC for mining is not that profitable. Consider electricity consumption and the "damage" that your PC will incur during mining. Not that good.

I agree with you, the PC is not so profitable to mine coins since its calculating power is limited, some professional computers can do more with higher efficiency.
full member
Activity: 420
Merit: 108
July 23, 2017, 10:12:11 AM
#13
[ANN][TGE] NIMIQ - A BROWSER-BASED BLOCKCHAIN
https://bitcointalksearch.org/topic/annnim-nimiq-the-browser-based-blockchain-1952324

"Never mind, this'll do,"

In this version, there are many questions regarding security. But it tells me that such a coin will be in demand. Thank you.


You mean like Litecoin with its scrypt algo?

Or Cryptonote coins?

Or Quark?

This has been attempted time and again. If you did two minutes of research or knew anything about the work that goes into hashing, you would not have posted this.

I know what I'm talking about, I assure you) I'm interested in a simple answer to a simple question: will such a coin be in demand?


P.S. I believe that mining is the most important part of the invention and the coins that go away from mining will go into oblivion.

the answer lies in your hands. If you can create something that people actually WANT to use then sure. It doesn't matter if your cat can mine it what matters if people want it. Im with Notsofast on this one. Look at Pebble, there are so many attempts at this, at removing the "institution" from mining. The question is why would people mine? A majority of the people who use BTC or any other currency will never mine it. The incentive has to be there. Pay everybody in BTC and Your new special coin and I guarantee you will get people to do it.

My coin concept solves the following bitcoin problems:
1. The weight of the complete client for mining by one user is minimal.
2. It is impossible to engage in mining professionally.
3. The speed of mining of one block is planned.
4. The income of the miner is predictable if the conditions are met.
 Grin
full member
Activity: 294
Merit: 100
July 23, 2017, 03:41:26 AM
#12
There is a concept of creating a coin mining which will be carried out only by ordinary PC users.
Is there a need for such a coin?
What do you think?
Thank you


A newbie would want a coin as much as possible in any way, essentially with the business process in live mengingikan coin is expected. To find the coin for a newbie is still confused from where the start chasing the expetation,
full member
Activity: 306
Merit: 106
July 23, 2017, 01:21:13 AM
#11
You mean like Litecoin with its scrypt algo?

Or Cryptonote coins?

Or Quark?

This has been attempted time and again. If you did two minutes of research or knew anything about the work that goes into hashing, you would not have posted this.

I know what I'm talking about, I assure you) I'm interested in a simple answer to a simple question: will such a coin be in demand?


P.S. I believe that mining is the most important part of the invention and the coins that go away from mining will go into oblivion.

the answer lies in your hands. If you can create something that people actually WANT to use then sure. It doesn't matter if your cat can mine it what matters if people want it. Im with Notsofast on this one. Look at Pebble, there are so many attempts at this, at removing the "institution" from mining. The question is why would people mine? A majority of the people who use BTC or any other currency will never mine it. The incentive has to be there. Pay everybody in BTC and Your new special coin and I guarantee you will get people to do it.
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