Topic: [ANN] GARLICOIN - Reddit's Garlic Bread Worshiping Currency - page 21. (Read 35666 times)
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.
For example this ASIC https://github.com/KnCMiner/titan/releases support Scrypt-N up to N 14. Look at source - Fact.
Very nice proof indeed. The KnCminer Titan has been a total failure, they are not being produced anymore and are dying by pieces.
On top of that, they aren't even THAT fast doing ScryptN. Its nothing like Bitcoin had with the first ASICS and won't ever be due the need of a high memory (bandwidth)
Look at ebay, all the listings (and they are pretty rare) almost all have one or more dead die on the cubes. On top of that, they usually have burned PCI power plugs because the hardware design was so bad it pulled too much power through the +12V connectors.
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.
Why is this suddenly called a scam?
Facts:
- There is no solid proof of an ASIC on the network and if this EVER happens a switch to scrypt:11 can be made later in the future
[snip]
- There is NOT going to be a hardfork and there is none planned in the near future
Facts:
- There is no solid proof of an ASIC on the network and if this EVER happens a switch to scrypt:11 can be made later in the future
[snip]
- There is NOT going to be a hardfork and there is none planned in the near future
The fact that there's not going to be a fork is what's killing Garlicoin, really. The devs forked it with an algo that's flawed and still went on to advertise as ASIC resistant. Isn't that suspicious? Ok, let's attribute that to incompetence. I'll give them that... But if Garlicoin is not forked to an ASIC resistant algo soon it really is a dead coin. There really is no scrypt-n coin with an active community right now, the reason being that anyone with an ASIC could dominate the network and bring transactions to a halt by a 51% attack.
No coin can live with that being even a remote possibility. It makes it vulnerable to attacks and the immutability of the chain is basically gone. All the good features of decentralization are basically compromised under such an attack vector being open. You're a pool operator, you oughta know this... I take it that you're at least a bit more knowledgeable that the coin's developer but why be in denial? All the proof you need to have is out there.
https://web.archive.org/web/20140814181936/https://www.hashcoins.com/product/hashcoins-notus/
https://web.archive.org/web/20150421022449/https://www.hashcoins.com/product/hashcoins-triton/
Do you even realize that a party holding a handful of miners could do a 51% attack on Garlicoin? Its chain is worthless.
For example this ASIC https://github.com/KnCMiner/titan/releases support Scrypt-N up to N 14. Look at source - Fact.
Very nice proof indeed. The KnCminer Titan has been a total failure, they are not being produced anymore and are dying by pieces.
On top of that, they aren't even THAT fast doing ScryptN. Its nothing like Bitcoin had with the first ASICS and won't ever be due the need of a high memory (bandwidth)
Look at ebay, all the listings (and they are pretty rare) almost all have one or more dead die on the cubes. On top of that, they usually have burned PCI power plugs because the hardware design was so bad it pulled too much power through the +12V connectors.
Why is this suddenly called a scam?
Facts:
- There is no solid proof of an ASIC on the network and if this EVER happens a switch to scrypt:11 can be made later in the future
- The airdrop is in progress literally right now are you blind there is a big thread on reddit: https://www.reddit.com/r/garlicoin/comments/7v3qr2/the_official_garlicoin_airdrop/
- Scrypt:10 = 2048. Do the math: 2^(n+1)
Also for those not up to date:
- There is NOT going to be a hardfork and there is none planned in the near future
Facts:
- There is no solid proof of an ASIC on the network and if this EVER happens a switch to scrypt:11 can be made later in the future
- The airdrop is in progress literally right now are you blind there is a big thread on reddit: https://www.reddit.com/r/garlicoin/comments/7v3qr2/the_official_garlicoin_airdrop/
- Scrypt:10 = 2048. Do the math: 2^(n+1)
Also for those not up to date:
- There is NOT going to be a hardfork and there is none planned in the near future
For example this ASIC https://github.com/KnCMiner/titan/releases support Scrypt-N up to N 14. Look at source - Fact.
Why is this suddenly called a scam?
Facts:
- There is no solid proof of an ASIC on the network and if this EVER happens a switch to scrypt:11 can be made later in the future
- The airdrop is in progress literally right now are you blind there is a big thread on reddit: https://www.reddit.com/r/garlicoin/comments/7v3qr2/the_official_garlicoin_airdrop/
- Scrypt:10 = 2048. Do the math: 2^(n+1)
Also for those not up to date:
- There is NOT going to be a hardfork and there is none planned in the near future
Facts:
- There is no solid proof of an ASIC on the network and if this EVER happens a switch to scrypt:11 can be made later in the future
- The airdrop is in progress literally right now are you blind there is a big thread on reddit: https://www.reddit.com/r/garlicoin/comments/7v3qr2/the_official_garlicoin_airdrop/
- Scrypt:10 = 2048. Do the math: 2^(n+1)
Also for those not up to date:
- There is NOT going to be a hardfork and there is none planned in the near future
Is there any way to fix the huge CPU load? I have an I7-8600k at 4500 and still with just 4 GPU I use the CPU at 100%.
Any help would be appreciated
No. It's a feature. Any help would be appreciated
Is there any way to fix the huge CPU load? I have an I7-8600k at 4500 and still with just 4 GPU I use the CPU at 100%.
Any help would be appreciated
Any help would be appreciated
Would love to buy some of those Tritons. Can't find them anywhere for sale.
It came to read the initial post, it seems that this currency is vulnerable, even the title of ANN was changed to SCAM. So it would not be good to buy coins now.
Would love to buy some of those Tritons. Can't find them anywhere for sale.
It came to read the initial post, it seems that this currency is vulnerable, even the title of ANN was changed to SCAM. So it would not be good to buy coins now.
It's sad to come to this realization but developers of Garlicoin are now trying to hide the truth and continue to market Garlicoin as ASIC-resistant while this is a blatant like. They still hold the 200k coins that were supposedly destined to the giveaway weeks ago and are also on the chase with a rogue dev that stole 40k of coins from the premine. It's unusual to see such irresponsibility with a development team. It's sad to come to this conclusion but I'll have to warn people.
The warning on the OP will stay until issues are addressed. The Garlicoin subreddit is censored.
The warning on the OP will stay until issues are addressed. The Garlicoin subreddit is censored.
what about the ones who invested in Garlicoin?
You are about hardfork? They just will delete old blockchain with all coins.
what about the ones who invested in Garlicoin?
Invested? It wasn't an ico. Free airdrop is not an investment.
anyone know what's happening with the hard fork?
Would love to buy some of those Tritons. Can't find them anywhere for sale.
Anyone knows about the future plan of the dev, so that those who invested in this coin will not lose the trust they have.
Old ASICs for this algo cost less than $100 and do 5-35 MH/s
which ASICs do scrypt-n?
Triton, Notus etc https://forum.bitmmgp.ru/vse-asiki-dlja-majninga-bitkoin.t184/
May be dev team have a lot of this ASIC so they choose this algo. In fact this ASICs was created by only one Estonian/Russian company some years ago and now you cant buy this new ASIC. I have bouhgt in Moscow 6 used Tritons fo $80-110 each. Each give 5-12 Mh/s (suppose some chips already broken) in Scrypt-N.
Anyone knows about the future plan of the dev, so that those who invested in this coin will not lose the trust they have.
Old ASICs for this algo cost less than $100 and do 5-35 MH/s
which ASICs do scrypt-n?
Triton, Notus etc https://forum.bitmmgp.ru/vse-asiki-dlja-majninga-bitkoin.t184/
Anyone knows about the future plan of the dev, so that those who invested in this coin will not lose the trust they have.
Old ASICs for this algo cost less than $100 and do 5-35 MH/s
which ASICs do scrypt-n?
Triton, Notus etc https://forum.bitmmgp.ru/vse-asiki-dlja-majninga-bitkoin.t184/
Anyone knows about the future plan of the dev, so that those who invested in this coin will not lose the trust they have.
Old ASICs for this algo cost less than $100 and do 5-35 MH/s
which ASICs do scrypt-n?
Where can this coin be exchanged?
Here https://tradesatoshi.com/Exchange/?market=GRLC_BTC
And Here https://coinfalcon.com/trading_view/GRLC-BTC - pretty nice low fees but banned for USA users.
thnks a lot. Kudos to you! (you remember the Kudos right??
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