[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 19.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: tromp on February 04, 2020, 05:15:47 AM

....

Monero is just one ASIC away from realizing that their quest for ASIC resistance is futile.

I merited your post for the first portion, this portion is patently false. Apparently you are not aware that there have already been secret ASIC miners on the Monero network. If you are aware of that then you might want to rethink your statement.

tromp

legendary

Activity: 990

Merit: 1108

Quote from: bbc.reporter on February 03, 2020, 10:49:22 PM

@tromp. Would Grin's monetary policy not end similar to the diamond market where different groups come into agreement and does artificial scarcity by controling the supply of diamonds released in the market?

Release of Grin into the market is controlled by mathematics dictating 1 Grin/sec, which is beyond the control of any cartel.

A cartel of all chip manufacturers, by TSCM, Samsung, Intel, etc. could produce superior Grin ASICs and keep them all to themselves, running them in their own data centers, and thus mine a majority of Grins. It would still be 1 Grin per second.
There would be little point in doing that for Grin (at a huge loss) when it could be done for Bitcoin instead (at a smaller loss).
In any case, in that exceedingly unlikely event, Grin could then change PoW.

Quote

I reckon Asic miners might form a similar type of understanding. Would it not be the best for the Grin project if it copied Monero's exploration on Asic resistance to avoid formation of similar power groups?

Monero is just one ASIC away from realizing that their quest for ASIC resistance is futile.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@tromp. Would Grin's monetary policy not end similar to the diamond market where different groups come into agreement and does artificial scarcity by controling the supply of diamonds released in the market?

I reckon Asic miners might form a similar type of understanding. Would it not be the best for the Grin project if it copied Monero's exploration on Asic resistance to avoid formation of similar power groups?

arielbit

legendary

Activity: 3444

Merit: 1061

i have an idea.

this might help grin adoption and it could be a really cool feature.

a feature of transparency and trace-ability. let's say a company or business will have grin as an asset in their portfolio like 100,000 grins.

after being bought from a KYC exchange, the TT (transparent and trace) feature will be enabled in a wallet that have multi signatories.

TT feature cannot be disabled and function just like bitcoin for those 100,000 grins, it can only be disabled if the signatories disabled the TT function- like when the company liquidated the assets or a portion of that is to be liquidated.

when a portion or all of the asset is liquidated(disabled TT), it will then return to the normal/default anonymous/untraceable crypto coin.

in this way people who like to have traceable payment/asset/coin economy can have their little bubble inside the "grin fungible" ecosystem/blockchain.

the more people using grin the merrier.

this also creates "asset protection", if the company/business gets hacked. the thief will have a hard time cashing it out, without the signatories to disable the TT feature, it will become less attractive to thieves. imagine how enticing it is for the those kind of users.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: tbct_mt2 on January 08, 2020, 11:14:50 PM

Quote from: bbc.reporter on January 08, 2020, 09:55:36 PM

Would Binance list a real community coin similar to Grin? I reckon Changpeng Zhao might do what they did to Jared and Digibyte. Demand a fee of 1/3 the supply hehehe.

I am curious why Binance has not yet listed Grin coin on their platform while they already listed BEAM. I have my feeling that Grincoin is much more favorited by altcoin-crypto community, rather than BEAM. BEAM tends to be more favorited in South of Korea.

To continue for Febo, Grin is not only favored by the altcoin community. Some of the oldest of bitcoiners also support it as shown by the donations that came from very old miner public keys.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: tbct_mt2 on January 08, 2020, 11:14:50 PM

I am curious why Binance has not yet listed Grin coin on their platform while they already listed BEAM. I have my feeling that Grincoin is much more favorited by altcoin-crypto community, rather than BEAM. BEAM tends to be more favorited in South of Korea.

Because they paid for it. Out of premine founds. On longer term cons with fair launch will have brighter future because they will have no problems with SEC. While all ICOs and premine coins will have.

Lolliedieb

member

Activity: 433

Merit: 48

Just updated lolMiner to version 0.9.6

Overall should give a nice speed bump for all GRIN algorithms on AMDs including the new C29M. Cheesy

Expected Performance
Test Platform: Ubuntu 18.40, amdgpu-pro 19.30, stock cards

Algorithm	RX 570 8G	Vega 56	Vega 64	RX 5700	Radeon VII
Cuckaroom-29	2.4 g/s	4.1 g/s	4.6 g/s	4.4 g/s	6.4 g/s
Cuckatoo-31	0.67 g/s	1.15 g/s*	1.37 g/s*	1.12 g/s	2.05 g/s*
Cuckatoo-32	0.18 g/s	0.36 g/s	0.42 g/s	0.34 g/s	0.65 g/s

* On Windows sadly 5-7% slower due to a driver issue AMD Adrenaline has on Vegas

tromp

legendary

Activity: 990

Merit: 1108

The forum moved to http://forum.grin.mw/ as we had lost control of the old domain.
Please update your bookmarks and if possible, notify websites of the update when you spot the old domain.

cryptoDahu

newbie

Activity: 20

Merit: 0

do you have problems to login at www.grin-forum.org ?

onetwo12

full member

Activity: 266

Merit: 100

Grin C31/32 ASIC will come out on February.

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Huh!
After this latest fork, my hashrate has gone down but my coin generation has gone up. Whatever man.....
Thanx devs!
(switched from NB24.1 miner, which no longer worked, to Gminer 1.95)

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Lolliedieb

member

Activity: 433

Merit: 48

Hey Friends,

I hope this post is allowed here, else feel free to moderate it.

I just upgraded lolMiner to version 0.9.5 that brings support for the new C29M PoW upgrade on Thursday to 8G AMD GPUs, Linux / Win 7 / Win 10

Here is my BTC talk thread:
https://bitcointalksearch.org/topic/m.53601881

Here the release directly:
https://github.com/Lolliedieb/lolMiner-releases/releases/tag/0.95

And well here my (still small) TG channel:
https://t.me/lolMiner

Any feedback appreciated, Happy mining

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: bbc.reporter on January 13, 2020, 09:55:53 PM

Quote from: dreamax25 on January 13, 2020, 05:23:43 AM

Grin got ranked as one of the top coins to watch for this week, due to the upgrade to a new proof-of-work mechanism.

Read more:

https://coincodex.com/article/6553/top-3-coins-to-watch-january-13-january-20-2020/

Another bitcoin news media website creating hype from a normal standard hardfork. This is bad because some children in the cryptospace might invest on it in the wrong time.

@Hueristic. There was also a proposal from zcash that the tax should be extended hehehe.

Insane that anyone would ever use Zcrap as its only utility its creator has said will be intentionally broken. I guess its not bad enough that the thing is a trusted system to begin with but now he wants to throw back doors in and continue to skim of the top indefinitely. I'm glad i never fell for that fools gold scamcoin.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: dreamax25 on January 13, 2020, 05:23:43 AM

Grin got ranked as one of the top coins to watch for this week, due to the upgrade to a new proof-of-work mechanism.

Read more:

https://coincodex.com/article/6553/top-3-coins-to-watch-january-13-january-20-2020/

Another bitcoin news media website creating hype from a normal standard hardfork. This is bad because some children in the cryptospace might invest on it in the wrong time.

@Hueristic. There was also a proposal from zcash that the tax should be extended hehehe.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Texacha on January 13, 2020, 04:03:47 AM

So here is your BeamPrivacy shill linking Lopp on his beam/grin comments

https://bitcointalksearch.org/topic/m.47105183

Quote from: BeamPrivacy on October 21, 2018, 03:20:23 AM

When Jameson Lopp speaks about Mimblewimble, Grin, and BEAM https://youtu.be/NDleBWrnRsk?t=1146

Direct link to Lopps exact wording.

https://youtu.be/NDleBWrnRsk?t=1165

Grin as opposed to Beam is "Fair launched with no premine and no funny business".

Quote from: BeamPrivacy on December 03, 2018, 03:11:39 AM

Quote from: U on December 01, 2018, 03:06:24 AM

"No premine,No ICO",but with many https://www.beam.mw/investors here,so how they invested the project? Angry

Invest Tax?

Hey there. thanks for your pertinent question.
Investors did invest in Beam the same way Investors invested in Zcash. It's based on the treasury model Beam is following.

Treasury works in the following way: in the first five years of Beam existence, 20% of all mined coins automatically go to the Treasury. Our investors, the core team, our advisors and the non-profit Beam Foundation will be getting Beam coins from the Treasury on a quarterly basis.

OK so now I remember the massive 20% Dev tax (what they call an investor tax) goes to repay the funds they revieved before launch on a monthly basis (so basically they can only dump 20% of coins).

Its just a slower guaranteed premine of 20% thats wrapped in a nice sounding "Treasury" wording.

The bottom line is 20% of all coins can be dumped from the Launch team.

The same "Lipstick on a pig" as Zcrap.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: dreamax25 on January 13, 2020, 05:23:43 AM

Grin got ranked as one of the top coins to watch for this week, due to the upgrade to a new proof-of-work mechanism.

Read more:

https://coincodex.com/article/6553/top-3-coins-to-watch-january-13-january-20-2020/

The change of proof of work algorithm is good but the more important thing is the high inflation rate of Grincoin. It is obvious that the inflation rate started to decrease considerably after its first one year and I do hope that the decrease of inflation will have some good effects on its price as well as on the confidence of long-term holders, who also play important supports for the coin on market.

Quote

The dev team supporting the project have announced that there is a hard-fork scheduled for block 524,160. This is estimated to take place close to January 15,

Only about three days left till that important day for Grincoiners. Miners like it too.

dreamax25

full member

Activity: 365

Merit: 103

Grin got ranked as one of the top coins to watch for this week, due to the upgrade to a new proof-of-work mechanism.

Read more:

https://coincodex.com/article/6553/top-3-coins-to-watch-january-13-january-20-2020/

Texacha

member

Activity: 480

Merit: 68

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@Texacha. It should be easy to find the information if there was a premine. In any case, Beam, similar to the most of the other cryptocoins' limited emission is short of planning. I reckon the whole cryptospace should already learned from Zcash's failure on its block tax model.

Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 19. (Read 73784 times)