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Topic: [ANN] Iridium (IRD) - People are Power - Community build crypto - page 21. (Read 149821 times)

member
Activity: 361
Merit: 11
Iridium (IRD) dev
Another hashrate (ASIC?) attack happened just now. Blocks 106910 to 106917, so 8 blocks total, found within 90 seconds. Not found by any of the known pools. Finding those blocks should have taken 1400 seconds. So the attack was done with 15x the global hashpower of the network, or with approximately 6 MH/s. Again, like the ones I saw by pure coincidence yesterday (there may be many more therefore), this one lasted only very short for 8 blocks (7 yesterday). Who would do that and why? I don't think someone would rent so much hashpower and then mine only for 1-2 minutes. So it this someone with a few dozen ASICs playing around?
It's on the way... these shorts attacks test the network reactivity too.
also I will make graph data on the block explorer.
full member
Activity: 307
Merit: 101
Another hashrate (ASIC?) attack happened just now. Blocks 106910 to 106917, so 8 blocks total, found within 90 seconds. Not found by any of the known pools. Finding those blocks should have taken 1400 seconds. So the attack was done with 15x the global hashpower of the network, or with approximately 6 MH/s. Again, like the ones I saw by pure coincidence yesterday (there may be many more therefore), this one lasted only very short for 8 blocks (7 yesterday). Who would do that and why? I don't think someone would rent so much hashpower and then mine only for 1-2 minutes. So it this someone with a few dozen ASICs playing around?
newbie
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Maybe search engine show it first only for russian-speaking users? In first topic there are link to this thread
newbie
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Merit: 0
https://bitcointalksearch.org/topic/iridium-ird-cryptonote-cpugpu-pow-2290707

The search engine first shows this resource here, than misleads people. This topic should be deleted or specify a valid link to this forum
full member
Activity: 307
Merit: 101
I think we just got an attack by ASICs. Watch blocks 106472 to 106478. Seven blocks found within 45 seconds. None of them found by one of the big pools. I haven't checked the smaller pools yet but without hashrate it is unlikely they found them.

EDIT: Another attack from block 106482 to 106488 (notice the pattern). Again seven blocks found, this time within three minutes (under 50% higher difficulty). I checked the pools irdpool.fr, irdpool.ca and cryptoknight.cc/iridium. The other pools listed on explorer.ird.cash/#network can't have found the blocks because their last blocks are too long ago. So this is an unknown pool or a private pool with tons of hashpower.
full member
Activity: 322
Merit: 100
We are now listed at Coinlib : https://coinlib.io/coin/IRD/Iridium
Great!
Next step is to be listed on Coinmarketcap

Based on the volume transaction daily, it is difficult to be listed on coinmarketcap. Need more time  Undecided Undecided Undecided
member
Activity: 238
Merit: 10
still alive this coin?
Alive this coin is, my young padawan Grin
newbie
Activity: 185
Merit: 0
still alive this coin?
full member
Activity: 307
Merit: 101
Anyone voting for CryptoNight heavy is aware that Claymore isn't going to support it in his miner?

No CN-heavy, no old GPUs, sorry, I just don't have time for it.

As far as I understand he has removed the dev fee from his CryptoNight miner so he probably won't improve and support it anymore at all. Too bad, no other comes close to his level.
member
Activity: 361
Merit: 11
Iridium (IRD) dev
Allright TK is back. Welcome back.
Whitepaper and Website by ET Sunday/Monday. Sorry for the delay.
Whats the news on this ?
Coming... all things in order, and sometimes, priorities...
member
Activity: 238
Merit: 10
We are now listed at Coinlib : https://coinlib.io/coin/IRD/Iridium
Great!
Next step is to be listed on Coinmarketcap
newbie
Activity: 15
Merit: 0
Allright TK is back. Welcome back.

Whitepaper and Website by ET Sunday/Monday. Sorry for the delay.


Whats the news on this ?
member
Activity: 361
Merit: 11
Iridium (IRD) dev
member
Activity: 238
Merit: 10
The price is still quite low. It's too undervalued

my botnet brought me 730k Ird, I'll wait when there will be an appropriate volume and will sell, what kind of undervaluation you say, if the coin is not popularized and where not used, I agree that Steve created a quality product, I like a wallet and a stable network , but without the same professional promotion manager, the coin is doomed to failure
Having botnet is cool  Grin
member
Activity: 361
Merit: 11
Iridium (IRD) dev
I'm too.. :-)
Haven already Hard Forked.
Yes, there is discussions on discord about the gpu/cpu performances...
newbie
Activity: 20
Merit: 0
The price is still quite low. It's too undervalued

my botnet brought me 730k Ird, I'll wait when there will be an appropriate volume and will sell, what kind of undervaluation you say, if the coin is not popularized and where not used, I agree that Steve created a quality product, I like a wallet and a stable network , but without the same professional promotion manager, the coin is doomed to failure
member
Activity: 238
Merit: 10
The price is still quite low. It's too undervalued
newbie
Activity: 49
Merit: 0
########################################

Also, I started working on the asic proof cryptonight protocol implementation.

I'm currently facing 2 choices :

  • Cryptonight V7 - monero - this is mainly a tweak of the current algorithm and asic can be rebuild to adapt on it. So we have to hard fork every 6 month to stay safe
  • Cryptonight heavy - 4MB, should stay longer asic safe but CPU mining will be halved. Also webminers and botnet should be half out too...

Here is some reading to understand the differences : https://github.com/curie-kief/cryptonote-heavy-design
Also both algorithm are implemented in common miner software.

thank you for arguing !

########################################
I would vote for the Cryptonight heavy.
ASIC resistance is more important imho

I'm too.. :-)
Haven already Hard Forked.
member
Activity: 238
Merit: 10
########################################

Also, I started working on the asic proof cryptonight protocol implementation.

I'm currently facing 2 choices :

  • Cryptonight V7 - monero - this is mainly a tweak of the current algorithm and asic can be rebuild to adapt on it. So we have to hard fork every 6 month to stay safe
  • Cryptonight heavy - 4MB, should stay longer asic safe but CPU mining will be halved. Also webminers and botnet should be half out too...

Here is some reading to understand the differences : https://github.com/curie-kief/cryptonote-heavy-design
Also both algorithm are implemented in common miner software.

thank you for arguing !

########################################
I would vote for the Cryptonight heavy.
ASIC resistance is more important imho
full member
Activity: 307
Merit: 101
is it a bad idea for Iridium to stay as ASIC exclusive without changing the mining algorithm?
Because it is a low supply coin, we don't have many time to fit the market outside.

I was thinking about that too. Here is what could happen:

We stay on the original CryptoNight for which a few batches of ASICs exist and do/will get shipped. Those are already ordered and will be in the hands of a few people who were planning to mine Monero with them. Now Monero will HF to another algo and Bitmain and others will stop or have already stopped producing these very soon completely worthless ASICs. The early buyers will sell them for cheap on ebay once Monero forks. Some folks will buy them and mine Iridium. But most legacy Iridium miners will not be able to buy ASICs too, to stand a chance, since the production of these ASICs has already been stopped and there won't be more of them. So we will have all legacy CPU/GPU miners getting wiped out by a very few people who will be able to get their hands on those first and last batch of ASICs right after the Monero HF.

If those ASICs would keep being produced and sold, then one could argue that we could stay on the current algo. But even in that case it would totally diminish the base of people mining this coin and therefore the decentralisation, since everyone has a CPU or GPU but almost nobody has or is willing to buy an ASIC which can mine only one algo and has a resale value of zero after a very short time.
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