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Topic: [ANN] GARLICOIN - Reddit's Garlic Bread Worshiping Currency - page 20. (Read 35835 times)

jr. member
Activity: 504
Merit: 3
Thanks a lot. I restarted it 3 times and now it works fine. Thanks.

Sorry about my noob question but what it means that a coin is or is not ASICS resistant?


It's not real ASICs resistant - but it's not real problem in this moment. There are no new ASIC in manufacture for this coin - only old and rare asics with 15-50MH/s. They could not grow up to 51% of nethash. But they can dump coin price - because this coin is extra profitable for them even when price drop lower than $0.1 and because they cant mine other coins with this old ASICs.

Can't the developers fix the problem and make it ASICS resistant? Is it a bad idea to mine this coin with gpu now?
member
Activity: 182
Merit: 10
Thanks a lot. I restarted it 3 times and now it works fine. Thanks.

Sorry about my noob question but what it means that a coin is or is not ASICS resistant?


It's not real ASICs resistant - but it's not real problem in this moment. There are no new ASIC in manufacture for this coin - only old and rare asics with 15-50MH/s. They could not grow up to 51% of nethash. But they can dump coin price - because this coin is extra profitable for them even when price drop lower than $0.1 and because they cant mine other coins with this old ASICs.
member
Activity: 78
Merit: 11
OP why did you remove my pool from the list just because i gave you some heat?

You're totally abusing your power

This is your pool  garlicpool.org ?


You can just promote it in simple post here or in pools themes.

I think that is only one friendly pool with normal statistic and dashboard.

It was in there but I gave the OP some Heat yesterday (check the previous) page and now he removed me

Total OP abuse. I know there are other ways of letting people know but a topic manager shouldn't put his own opinion before having a neutral thread
member
Activity: 182
Merit: 10
OP why did you remove my pool from the list just because i gave you some heat?

You're totally abusing your power

This is your pool  garlicpool.org ?


You can just promote it in simple post here or in pools themes.

I think that is only one friendly pool with normal statistic and dashboard.
jr. member
Activity: 504
Merit: 3
Thanks a lot. I restarted it 3 times and now it works fine. Thanks.

Sorry about my noob question but what it means that a coin is or is not ASICS resistant?
member
Activity: 182
Merit: 10
I am experiencing a problem with my wallet.

All of the incoming transactions of the last 6 hours are "not verified" even if my connection is green.

Check my screenshot:

can someone tell me why?



Just try to restart garlium several time.
jr. member
Activity: 504
Merit: 3
I am experiencing a problem with my wallet.

All of the incoming transactions of the last 6 hours are "not verified" even if my connection is green.

Check my screenshot:

can someone tell me why?

member
Activity: 78
Merit: 11
OP why did you remove my pool from the list just because i gave you some heat?

You're totally abusing your power
newbie
Activity: 9
Merit: 1
I'm sorry but the more comments I read from you the more I realize that it's a case of poor Due Diligence.

1). Your entire claim is based on one speculative Reddit post. If you read the comment section of that post, you would realize how wrong /u/kamencco (the OP) was (i.e. not fully understanding what scrypt-n is).
2). Taking a step back (assume GRLC isn't ASIC resistant). The coin started off as a meme coin. To most ppl (probably even the devs), scrypt-n is analogous to ASIC-resistant. It's highly defamatory to accuse the devs as scammers. They clearly didn't intend to use "ASIC resistance" as the platform to rip other redditors off. (Of course, there might be a rogue dev right now but I'm pretty sure you weren't specifically describing him).

It's fine to hate GRLC and give constructive criticisms about the coin. However, it's unfair to make sweeping accusations about the coin (i.e. calling it a scam). Also, note that GRLC is a month old meme coin. So please make balanced comparison with decade old currency disruptor like bitcoin.

Garlicoin was released and marketed as ASIC resistant with the devs either willfully lying or being ignorant. Either would be extremely irresponsible ans showcases their incompetence. "ASIC resistance" is still on the official website...

Garlicoin is NOT ASIC resistant and the developers lied about this. Facts, not speculation. It's sad to be coming to this realization but the truth has to come out.

Keep on saying that its not ASIC resistant does not suddenly make it "Facts". You cited zero sources other than that heavily debunked reddit post. If you hate GRLC, that's completely fine. Just don't influence other people with your unsupported belief by having that red, bolded warning sign on the first page and the [scam] title.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
I'm sorry but the more comments I read from you the more I realize that it's a case of poor Due Diligence.

1). Your entire claim is based on one speculative Reddit post. If you read the comment section of that post, you would realize how wrong /u/kamencco (the OP) was (i.e. not fully understanding what scrypt-n is).
2). Taking a step back (assume GRLC isn't ASIC resistant). The coin started off as a meme coin. To most ppl (probably even the devs), scrypt-n is analogous to ASIC-resistant. It's highly defamatory to accuse the devs as scammers. They clearly didn't intend to use "ASIC resistance" as the platform to rip other redditors off. (Of course, there might be a rogue dev right now but I'm pretty sure you weren't specifically describing him).

It's fine to hate GRLC and give constructive criticisms about the coin. However, it's unfair to make sweeping accusations about the coin (i.e. calling it a scam). Also, note that GRLC is a month old meme coin. So please make balanced comparison with decade old currency disruptor like bitcoin.

Garlicoin was released and marketed as ASIC resistant with the devs either willfully lying or being ignorant. Either would be extremely irresponsible ans showcases their incompetence. "ASIC resistance" is still on the official website...

Garlicoin is NOT ASIC resistant and the developers lied about this. Facts, not speculation. It's sad to be coming to this realization but the truth has to come out.
jr. member
Activity: 126
Merit: 1
This could be the coin we waited for a long time. New community,gud luck for it
full member
Activity: 616
Merit: 167
I love garlic bread. Therefore, I should invest in garlic coin. That's how I make my decisions. But premining my garlic bread is not ok.
newbie
Activity: 9
Merit: 1
I think you are abusing your power as the OP to call it a scam.

1). The so-called banned post is clearly live. I saw that post right before visting this thread.
2). Banning a speculation reddit post about the possibility of ASIC does not make a coin scam
3). No hard fork = scam? I guess most cyptos are scam.

Yeah I suggest that OP remove the scam tag. There is no conclusive proof or evidence that there are indeed ASICs in the network.
There can't be definitive proof of ASICs being on the network and that's really besides the point here. Miners can disguise their hashrate, solo mine etc. But even under those conditions we see absurd hashates from the top minees on pools.

The fact that developers falsely advertised the coin as ASIC proof is really what matters. The coin's chain is under constant threat of attack this way and the ASICs already in existence could do so easily. Not to mention that such an algorithm would allow for the creation of further ASICs.

I'm sorry but the more comments I read from you the more I realize that it's a case of poor Due Diligence.

1). Your entire claim is based on one speculative Reddit post. If you read the comment section of that post, you would realize how wrong /u/kamencco (the OP) was (i.e. not fully understanding what scrypt-n is).
2). Taking a step back (assume GRLC isn't ASIC resistant). The coin started off as a meme coin. To most ppl (probably even the devs), scrypt-n is analogous to ASIC-resistant. It's highly defamatory to accuse the devs as scammers. They clearly didn't intend to use "ASIC resistance" as the platform to rip other redditors off. (Of course, there might be a rogue dev right now but I'm pretty sure you weren't specifically describing him).

It's fine to hate GRLC and give constructive criticisms about the coin. However, it's unfair to make sweeping accusations about the coin (i.e. calling it a scam). Also, note that GRLC is a month old meme coin. So please make balanced comparison with decade old currency disruptor like bitcoin.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
I think you are abusing your power as the OP to call it a scam.

1). The so-called banned post is clearly live. I saw that post right before visting this thread.
2). Banning a speculation reddit post about the possibility of ASIC does not make a coin scam
3). No hard fork = scam? I guess most cyptos are scam.

Yeah I suggest that OP remove the scam tag. There is no conclusive proof or evidence that there are indeed ASICs in the network.
There can't be definitive proof of ASICs being on the network and that's really besides the point here. Miners can disguise their hashrate, solo mine etc. But even under those conditions we see absurd hashates from the top minees on pools.

The fact that developers falsely advertised the coin as ASIC proof is really what matters. The coin's chain is under constant threat of attack this way and the ASICs already in existence could do so easily. Not to mention that such an algorithm would allow for the creation of further ASICs.
newbie
Activity: 196
Merit: 0
I think you are abusing your power as the OP to call it a scam.

1). The so-called banned post is clearly live. I saw that post right before visting this thread.
2). Banning a speculation reddit post about the possibility of ASIC does not make a coin scam
3). No hard fork = scam? I guess most cyptos are scam.

Yeah I suggest that OP remove the scam tag. There is no conclusive proof or evidence that there are indeed ASICs in the network.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
what about the ones who invested in Garlicoin?
Invested? It wasn't an ico. Free airdrop is not an investment.

you can still buy it on the exchange. thats an investment too you know
Well, yeah. The developers have proven incapable of handling such situations already. They knew that the release of such a coin under a big community like that could derive value full well. Yet went on to pre-mine in such an unorganized manner that a rogue developer stole 40k coins from the pre-mine.

To add insult to injury, the algorithm they advertised as ASIC prood is ironically one of the least secure ones against ASIC and considered obselote for that purpose since 2014 or so. A dew rare mining machines could dominate Garlicoin's network and bring it down using this serious attack vector.

I do not trust the developers anymore and I don't see how they could have overlooked something so serious. Now that it has even been revealed to them it seems like there is no rush to address such a serious issue. Garlicoin is doomed under those conditions and the managment of incompetent developers.
member
Activity: 146
Merit: 10
what about the ones who invested in Garlicoin?
Invested? It wasn't an ico. Free airdrop is not an investment.

you can still buy it on the exchange. thats an investment too you know
newbie
Activity: 9
Merit: 1
I think you are abusing your power as the OP to call it a scam.

1). The so-called banned post is clearly live. I saw that post right before visting this thread.
2). Banning a speculation reddit post about the possibility of ASIC does not make a coin scam
3). No hard fork = scam? I guess most cyptos are scam.
full member
Activity: 364
Merit: 100
I think that this coin will grow very well in the new year. I will definitely buy it in my investment portfolio. this is a clear benefit
member
Activity: 78
Merit: 11
A single party holding a handful of miners could perform a 51% attack on Garlicoin. Its chain is worthless. The rarity of the miners is in fact making things worse. There is no market for such miners so there is no fair market for mining, as there is in bitcoin or litecoin for example.

How fast do you think those miners are exactly? Because I get the feeling that you think Scrypt-N asic miners easily beat 1000+ GPUs. (Which it doesn't)

Please look into the bare hardware requirements of calculating 1 scryptn:10 hash, there is no way this can be done without also having a massive amount of silicon on board which will make it very failure prone and super expensive to produce. Why would someone buy a MASSIVE amount of scrypt-n ASIC miners (which again DO NOT exist in such quantities since not a lot were sold and most of them died already) which such a high failure rate


Once again I'm more convinced you're just trying to spread FUD or are just thick. It's well known that none of the miners were ever released. (Guess why? Its incredibly hard to make them and the production costs are so high)

You're even linking to web.archive.org because the original live source doesn't show the miner anymore wtf

It's not inconceivable that there are a number of working ASICs out there. The devs themselves owning ASICs or being paid by ASIC owners would be pretty wild, though. In any event, I think the benefit of hard forking to change the algorithm and remove all doubts outweighs the hassle of hard forking.

Sounds like a movie plot, I'd say pitch it to Hollywood maybe you will make some money to buy the non-existing asics with.

A hardfork will not do the coin well in an early stage and without any real proof (other then scam companies and dead chips) there is no reason to act to it.

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