Topic: [ANN] GARLICOIN - Reddit's Garlic Bread Worshiping Currency - page 16. (Read 35666 times)

https://forums.prohashing.com/viewtopic.php?t=561


https://bitcointalksearch.org/topic/can-i-mine-n-scrypt-with-zeus-miner-1217447


For those who say that KnC is a scam you can clearly find examples of people who did receive their Titans. Not everyones Titans worked flawlessly but there were those who had working ones and it made them a lot of money. Proof their website existed and they were being sold:

https://web.archive.org/web/20141006155842/https://www.kncminer.com/categories/litecoin-mining-hardware

This coin is run by incompetent developers that is for sure. The way things have been handled are awful and sure it is a memecoin but with a huge community following it and many people being brought into cryptocurrency for the very first time this has been a disaster from beginning to start.

40k garlic was "stolen" from a premined wallet and has since it was discovered not been adressed. We dont know what dev did it or what is being done to prevent something like this happening in the future or why it occured or by whom. We know nothing really about the team, they are anonymous and all they do is circlejerk in Discord posting memes or incoherent rabble. Again I understand this is a meme coin but you cant keep not adressing things such as the airdrop, 40k stolen coins, an outdated algo/possible ASICs. The airdrop has since been at least partially dropped but it took FAR too long with absolute horrible communication to the point of it happening.

I believe at this point its gone too far, the coin will be dead. This is coming from someone who (sadly) mined the coin from start and didn't sell any of it.

Devs need to:

• Make a Roadmap.
• Adress the 40k stolen coins and PURGE any developers taking part in any shady business
• Switch Algo
• Capitalize on the meme factor of the coin
• Dont give up and Be prepared to ride it out for a long while

Even then Im not sure the coin will be able to come back, the devs would have to change the way they have operated the coin thus far and that's not usually how things work in real life. I would love to be proven wrong however, I will keep an eye on garlicoin to see where it goes and I wish it well. Id love to get behind a meme coin because of the inherent fun it can provide but developers need to prove that they are not running a scam.

1. 1BTC for my research. LOL
2. Okay give me your public key and the public key of the address which the airdrop came from so I can see you're not just a shill.
3. You do not know what will kill this coin.

Going off the Garlicpools avg there is a block every 30 secs, 2 a min or 120 per hour or 2880 a day that is 144,000 new coins a day...

The number of coins per min is much higher actually if you look at the block explorer. At this ALL TIME LOW price that is still 5.04BTC a day with an order book of 0.5btc.

Yes its early days but there is a lot more promising projects in crypto and now this coin is pretty much a scam, the idiot redditors who have been buying OTC got rekd

Highest paying coin to mine for a while though and I will continue to dump and what exactly do you think the people on these pool earning 1000GRLC a day are doing? I will buy the bottom.

Oh yeah, instead of addressing the valid concerns I'm pointing out you want me silenced. Classy to deny that there was no suggestion of flooding this thread when you say that you want me banned. Sadly for you not every website is a safe space like Reddit. If you're triggered you can just not use this forum instead of crying out loud that you want my account banned, because this isn't happening. 

Back at it again with the FUD, no one even remotely suggested to "flood" the topic what the fuck are you on.

I hope the mods ban your sorry ass lol

1). If you have done your research, please share it rather than just claiming it. From my understanding, there isn't exactly a profitable ASIC for this.
2). The so called 200k coins are being airdropped. One, personally, have already received the airdrop.
3). Not having a fork will not kill this coin

Many people from the subreddit are following a post where it was suggested to create accounts and report/flood this post here. Perhaps they don't know that reports here aren't the same as in Reddit.

Such comments as the one bellow make me laugh.

And who are you to define authority in cryptocurrency, mister?

This is not good...

There seems to be a lot of brand new accounts all shilling this coin now - are they the same?

I wondered why the hell the dev would use Nscrypt as it's an outdated hashing algorithm and half of the mining community would have to put extra effort to mine. There is Equihash, Ethash, Cryptonite, lyrca2rev2 which are ubiquitous throughout crypto at this time and have development and there are no known ASICs.

After research I see that there probably is an ASIC for Nscrypt, old it may be but more than likely to have an advantage over the rest of the miners - is this connected to the dev in any way?

Even if there isn't an ASIC there still is the issue of the 200k coins in this pocket, does the community have the address of the community fund or is it faith?

Either way the chain needs forking to a hashing algo that isn't sketchy and if the dev can or will do this I doubt very very very much. Otherwise this coin will die, large community notwithstanding.

Not FUD I have been mining GRLC for nearly 2 weeks now and this is coin is looking worse than the total crypto market cap right now...

100% agreed.

Two things, first off it's not a freedom of speech issue. You didn't just express your opinion about the developers, you misrepresented yourself as someone who has the authority to post an [ANN] thread for a coin that you officially have nothing to do with, made it look legitimate, then after generating traffic and views to said post performed an about-face and used that assumed legitimacy to degrade the good name of the coin and the project.

What you're doing isn't practicing free speech, it's closer to slander which in the U.S. there are actually laws against. But this is the internet so yeah.

Secondly - chill. The coin is two weeks old and yet you feel the need to conduct some kind of organized attack on it via a salty witch-hunt. You're not psychic and you can't know for sure the intentions of the devs. Just try to investigate things and discuss it in a civilized manner instead of hurling accusations and damning judgements in flaming red letters, geez dude.

As I said, we need moderation in a board which enables official devs. to confirm their identities before being allowed to post an [ANN] thread of any sort to eliminate this kind of nonsense.

Did anyone really believe that this project could take off? He started as a joke, walked like a joke and just ends. It is unlikely that the change in the algorithm will help.

Vertcoin already experimented with different nfactors and basically the consensus was to switch to a different hashing method.

https://bitcointalksearch.org/topic/vertcoin-first-scrypt-n-first-stealth-address-privacy-without-mixer-404364

It's not the argument if an ASIC exists now, its if an ASIC could be designed to mine scrypt:n and the overwhelming idea is that its possible. So if you're looking for long term success, no scryptn is not the way to go. There's a reason most scryptn, x11, x13 coins are dead or on their way there.

>inb4 litecoin is still alive and well
There's no economic analysis to say ASICs are a bad thing for cryptocurrencies. Yes it 'tends' to lead to centralization and away from the original intended model. But for all intesive purposes the coins that are doing really well are getting pounded by ASICs.

So basically you have 2 choices, not claim ASIC resistance, or not give a fuck. Unfortunately Garlicoin already claimed ASIC resistance.

Garlicoin should change their POW algo

A simple google search (ironic, considering OP is a self-proclaimed "professional googler") will show how unviable the KNC titan is as an ASIC miner.

1). KNC titan is most likely a scam
2). High-fixed cost --> not profitable.

OP also fails to know anything about the ASIC mining industry. The Newest ASIC miners are becoming outdated/unprofitable in an ever-increasing rate. And OP still thinks KNC Titan, an expensive ancient junk from 2014, will discrupt the GRLC system.

Not to mention how OP repeatedly failed to prove GRLC is not ASIC-resistant.

My advice, report OP and his thread to the mod.

BITMAIN Antminer L1 - CANCELLED production, preorders got refunded. This is not "confirmed to have been released".
https://bitcointalksearch.org/topic/cancelled-antminer-l1-for-sales-5mhs-ships-in-december-768004
"hashcoins ASICs" - preorders was in 2014, possibly not shipped.
https://bitcointalk.org/index.php?topic=417623.860
You did search before posting?

Looks like KNC Titan is only viable existing option. We see variables in code. Benchmarks would be great.
I couldn't find if it actually would work and how well it would perform, compared to modern GPU (you can't get same hashrate for scrypt and scrypt-N).
Any more info?

Can we stop adding to the flame and just Report this guy and his thread?

He's either
1). Extremely stubborn/dogmatic and like to stick to his narrative despite reasons
2). a troll that has too much time on his hand

Correct me if I'm wrong but wasn't this whole coin just a joke that started on reddit.

They basically said if they get 'x' amount of upvotes they will make the coin. Then they made it because they got the upvotes. So my question is why is everyone taking this coin so serious, it's a Cryptocurrency for garlic bread people like come on.

And breaking the TOS.

I don't own a Titan. Would you be kind enough to ask owners to help you independently confirm that it can indeed run scrypt-n? https://bitcointalksearch.org/topic/hacking-knc-titan-jupiter-neptune-miners-back-to-life-why-not-1283859 The miners ability to mine scrypt-n has already been documented in several blogs (example) but if you want photographic evidence only an owner could provide such.

You might not want to tell them about Garlicoin using scrypt-n though because they could destroy it for fun (and profit) as they did with a ton of shitcoins back in 2014 already.  

Free trial need real credit card approved to account. And it give for free $300. Lets see 300/(12*$2)=12.5 Hours. But all of this miners are from start of this coin. Do you really think that Google does not impose fines on miners on trial?

So essentially you're saying I photoshopped that image? You can very clearly see the model of the P100 and hashrate on each of the 12 instances. You can ask @phelps#1337 on the discord exactly how he got them to run at that hash and exact details on it, however it would be absolute ignorance of fact to say they aren't getting 3.3MH/s per instance.

Except you have free trial.