At least 8 KB of memory are needed for groestl. Not using global ram doesn't equal register only. In my case I'm using part local ram and part memory cache. Same for hetpas.
With bitslice you can reduce memory usage further but not completely.
Still asic can be done if enough volume, which is not the case with DMD IMHO. And with the other coins of the same algo which are dead or almost dead it's even more so.
fact is if someone make a dmd groestl asic without ask us for permission we can easy change a bit in algo and all his chips are worthless
noone will risc that
Well that's not a guarantee though, it would require a hardfork to do, and then see which one would be supported by the community, there are various reasons having ASICs on the network can help. At the moment we have less than 1000 people holding most all the coins that have been created, so although not bad, its not great, and means there won't be much demand for usage, even if all 1000 of us wanted to use it as a currency right now.
ASICs can help with continuing to mine on the network with high hashrate, and if we are able to make the price worthwhile, by making it worth mining at 0.1 reward, it would mean the coin would be in good standing in regards to desirability, security and support. These ASICs then drop these coins on exchanges, creating liquidity and distribution.
I'm currently undecided on which direction would be best, but don't want to count ASICs out of the picture at this time, as there are still issues with the current POS system that need to be addressed, although granted the Diamond network has been very stable since its revival over a year ago, and although it has survived many various attacks on the network, I still wonder if its just a matter of time before it draws the attention of someone who can make the network look unsecure.
Either way, I'll continue to keep my jar of mined only DMDs, staking.
Hi That Guy,
I may have missed something, but what exactly do you intend to do 'to make the price worthwhile, by making it worth mining at 0.1 reward' other than 'continue to keep my jar of mined only DMDs, staking'?
There are plenty of ways to support diamond, but the most important factors are the dev team, and buy pressure.
It would be nice to see some suggestions in support of moving DMD forward, or more support of current community activities.
Regards
chilo
Hey Chilo,
There isn't much I can do at this time for the coin, I do have some ideas kicking around in my head on low cost, high impact PR type things, but don't think now would be the best time to put into action (as my main idea you could only try once), also the crypto market in general is at a low point and there really isn't that many people using crypto compared to a realistic potential. I agree a dev team and buy pressure is needed, and like what the dev team has done and how they have handled many things that have happened along the way, but these are all just parts that go into making a machine work.
I think distribution is crucial to any coin, although not always required, but at this time, do we know how and why DMD is going to be positioned a particular way? If DMD is to be used for everyday transactions, what sets it apart from the rest? there are other coins that are rare, have POS or have fast transfers or a nice name and good branding, although DMD is a nice overall package, but bitcoin can suit the needs of the average joe. If DMD is to be used as something to buy and hold (which can be done with bitcoin and other coins), then how can it do that better than the rest? especially without causing low liquidity resulting in a volatile and manipulated price.
But, you can't have any of this without proving the security (so good so far) is priceless.
I have a couple ideas that I have thought up about how to utilize blockchain technology within our company, and work in a position that I have contact fairly high up in, in the right areas of a large tech company, I even spoke to some this week about the blockchain. This company, these ideas and these crypto coins are not yet ready to come together, but when they are, I will then be able to speak about these ideas with hopefully bitcoin and crypto being widely accepted as viable technology to use. Why not choose bitcoin then? well bitcoin although great and am fully behind, I do not think that POW is a good long lasting solution, but is good to use while a coin grows (would like to see bitcoin change to something like it in about 8-10 years), so want to see where the various POS implementations go. The company I work for is also very green when it comes to environment and part of its image, so to keep that in line, it would be best to utilize a POS network over a power hungry POW one. So due to this, I'm not only watching DMD, but many other coins that I have acquired. I mined DMD at various times over the past 15-16 months, and just decided to keep them and see what the new dev team does.
My opinion (for what its worth) is that getting DMD secure, user friendly and accessible for if/when crypto really starts to take of is key, although obviously you do need places to spend or transfer them to. I think some of the security concerns could be addressed by looking at what say, Blackcoin has done in regards to POS2 and coin age. Another potential option for growth could be looking at collaborating with CIYAM on these forums that is working on a Turing complete solution that can be implemented into coins that can then be used to build a decentralized exchange, I believe at this time he's looking at using Qora and Burst as a test set.
Just some food for thought, not trying to steer anybody or anything in any direction.
