[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 26.

SatoNatomato

sr. member

Activity: 378

Merit: 250

Quote from: RivAngE on October 10, 2019, 02:19:20 PM

Quote from: Viper1 on October 10, 2019, 12:07:00 AM

Quote from: Hueristic on October 09, 2019, 11:52:52 PM

Quote from: Viper1 on October 09, 2019, 10:15:50 PM

Quote from: Hueristic on October 09, 2019, 10:03:53 PM

They don't cause centralization.

Really? So you think that one person/group controlling 1000s of mining machines where they can achieve more than half the hash rate isn't centralization?

nope.

I see.. Well either you're not all that bright since that's exactly why Satoshi designed what he did, or you have an ulterior motive for spreading that fallacy. Either way, not like it really matters since it's all going to end up being centralized so good luck to you.

What is that difference between 1000s of mining ASICs, 10000 of mining GPUs and 5 people controlling half of the coins in a PoS system?

For as long as there are poor and rich people, centralizion will keep occurring in one form on another.

What is the difference between cryptocurrency and central bankers shitting money out of thin air?

If a currency can not exist without being controlled by a few, then its not a currency, its shit.

Miners, hardware, electricity, ups the stakes significantly compared to PoS, which leads faster to centralization and shitcoins.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: Viper1 on October 10, 2019, 12:07:00 AM

Quote from: Hueristic on October 09, 2019, 11:52:52 PM

Quote from: Viper1 on October 09, 2019, 10:15:50 PM

Quote from: Hueristic on October 09, 2019, 10:03:53 PM

They don't cause centralization.

Really? So you think that one person/group controlling 1000s of mining machines where they can achieve more than half the hash rate isn't centralization?

nope.

I see.. Well either you're not all that bright since that's exactly why Satoshi designed what he did, or you have an ulterior motive for spreading that fallacy. Either way, not like it really matters since it's all going to end up being centralized so good luck to you.

What is that difference between 1000s of mining ASICs, 10000 of mining GPUs and 5 people controlling half of the coins in a PoS system?

For as long as there are poor and rich people, centralizion will keep occurring in one form on another.

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: Hueristic on October 09, 2019, 11:52:52 PM

Quote from: Viper1 on October 09, 2019, 10:15:50 PM

Quote from: Hueristic on October 09, 2019, 10:03:53 PM

They don't cause centralization.

Really? So you think that one person/group controlling 1000s of mining machines where they can achieve more than half the hash rate isn't centralization?

nope.

I see.. Well either you're not all that bright since that's exactly why Satoshi designed what he did, or you have an ulterior motive for spreading that fallacy. Either way, not like it really matters since it's all going to end up being centralized so good luck to you.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Viper1 on October 09, 2019, 10:15:50 PM

Quote from: Hueristic on October 09, 2019, 10:03:53 PM

They don't cause centralization.

Really? So you think that one person/group controlling 1000s of mining machines where they can achieve more than half the hash rate isn't centralization?

nope.

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: Hueristic on October 09, 2019, 10:03:53 PM

They don't cause centralization.

Really? So you think that one person/group controlling 1000s of mining machines where they can achieve more than half the hash rate isn't centralization?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Texacha on September 29, 2019, 08:22:26 AM

Quote from: Hueristic on September 28, 2019, 09:05:25 PM

now we shall see if the network stays Asic free or not.

"Asics, asics, asics, asics...."
And what about botnets on CPU mined coins?

Who cares about botnets?

They don't cause centralization.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@plast555. I reckon that its monetary policy is making the biggest difference on how Grin is taking the change in coin distribution and adoption.

Beam is after bitcoin's moon math, while Grin is taking it in another direction. An infinite supply might make it sustainable for miners and more stable for the economy accepting Grin, assuming that it is widely adopted.

miner987

member

Activity: 321

Merit: 11

Anyone know how to validate GRIN address programmatically? Preferably in PHP?

plast555

sr. member

Activity: 951

Merit: 259

Quote from: bitcoinbeliever on September 28, 2019, 08:38:30 AM

This coin is very similar to Beam. The same technology, often their price should be synchronous. Beam is already on Binance. Not waiting, but preparing. Wink

Which do you prefer, beam or grin?
[/quote]

There are some differences between Grin and Beam.
The first Mimblewimble technology was invented by Grin. Besides, Grin doesn't have a management team. Most of the employees are volunteers. Beam is led by a team.
I think a project called Epiccash recently created a project using mimblewimble technology, I think it's worth a look.

Texacha

member

Activity: 480

Merit: 68

Quote from: Hueristic on September 28, 2019, 09:05:25 PM

now we shall see if the network stays Asic free or not.

"Asics, asics, asics, asics...."
And what about botnets on CPU mined coins?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: bbc.reporter on September 26, 2019, 10:46:11 PM

@Hueristic. I do not know. What were the reasons for skipping the 4th one. It might be useless?

Apparently it was being discussed as being overkill and the funds might be better served elsewhere but it ended up being done.

All 4 Audits of RandomX completed, now we shall see if the network stays Asic free or not. IIRC the upgrade block should kick in about Nov 30th.

https://ostif.org/four-audits-of-randomx-for-monero-and-arweave-have-been-completed-results/

johnnywoo2015

hero member

Activity: 824

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: bitcoinbeliever on September 28, 2019, 08:38:30 AM

Which do you prefer, beam or grin?

I prefer Grin, because developers are representatives of community, while Beam is a commercial project.

bitcoinbeliever

newbie

Activity: 54

Merit: 0

This coin is very similar to Beam. The same technology, often their price should be synchronous. Beam is already on Binance. Not waiting, but preparing. Wink

[/quote]

Which do you prefer, beam or grin?

johnnywoo2015

hero member

Activity: 824

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: TeraBite on September 28, 2019, 03:31:51 AM

Quote from: ?? on ??

Do they have plans go to binance?

Coins have so many exchanges. Adding to the binance is not so important anymore, because there is liquidity with good trading volumes.

Binance can't ignore this coin anymore it have big community and still in huge demand maybe this could be already in the process but the team can't explain about this in public forums. I believe very soon it will be there and more exchanges will add this.

This coin is very similar to Beam. The same technology, often their price should be synchronous. Beam is already on Binance. Not waiting, but preparing. Wink

TeraBite

legendary

Activity: 1876

Merit: 1003

Quote from: ?? on ??

Do they have plans go to binance?

Coins have so many exchanges. Adding to the binance is not so important anymore, because there is liquidity with good trading volumes.

Binance can't ignore this coin anymore it have big community and still in huge demand maybe this could be already in the process but the team can't explain about this in public forums. I believe very soon it will be there and more exchanges will add this.

Chris!

legendary

Activity: 1382

Merit: 1122

Quote from: U on September 25, 2019, 10:04:26 PM

well,when binance Wink

BEAM is already on it,our community need to attract binance to list GRIN freely.

Who cares. If you want a pump and dump coin you've made the wrong choice. Go with the corporately run, marketing team hiring shitcoin. With a 20% dev tax it would be absurd if they weren't listed on Binance. All those VCs need to offload their bags somewhere.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@tromp. Thank you for the clarification.

@Hueristic. I do not know. What were the reasons for skipping the 4th one. It might be useless?

@U. Grin is not backed by any venture capitalists and investors who are willing to play the Binance pump game. Grin is a community coin being created similar to bitcoin.

Binance will list Grin on their own because it will be necessary.

tromp

legendary

Activity: 990

Merit: 1108

Quote from: bbc.reporter on September 25, 2019, 09:02:27 PM

Grin will be Asics only in maybe 2 years?

The ASIC resistant Cuckaroo PoW will complete its linear phase out by Jan 2021, at which point there will only be the ASIC friendly Cuckatoo32+.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: bbc.reporter on September 20, 2019, 07:24:30 PM

@felipepoide79. Bittrex coin wallet maintenance might last for a few hours or a few days in my experience. However, for cryptocoins with active development similar to Grin, it will not be long.

@Hueristic. There were already 4 audits for RandomX. All of them speculates favorable towards asic resistance.

I thought they decided to forgo the 4th one?

Quote from: Texacha on September 21, 2019, 04:35:00 AM

RandomX is botnet algo. Angry

Whats wrong with that?

U

full member

Activity: 503

Merit: 106

well,when binance Wink

BEAM is already on it,our community need to attract binance to list GRIN freely.

Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 26. (Read 73804 times)