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Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 224. (Read 1031025 times)

hero member
Activity: 546
Merit: 500
hm
January 09, 2014, 12:18:13 PM
So after reading about the potential 51% attack on bitcoin. It's good to know quark is more secure because of CPU mining. I think people will finally understand how quarks actually stand out and why our mining period was so rapid.

Quark CPU mining insure that each individual able to securely defend the network and protect it.

I'm not sure that is completely true. The problem with Bitcoin and a 51% attack is more about the pools than about ASIC's, though there is something of a potentially centralized problem with ASIC's, yes.

Who has more mining pools, Bitcoin or Quark? I am pretty sure BTC has MANY MANY more pools. So, what that means is, due to Quark having fewer pools, it is even more important to watch for a 51%
attack. You can have good people unknowingly mining in a bad pool - with no idea of the pools intention. I think the Gigahash.io double spend thing is exactly that.

I would suggest some form of protocol for pools to follow that doesn't allow 1 to have more than 25% or some smaller arbitrary amount. A large holder of ASIC's (or CPU's) could still control a few pools in the same way though, so we need to work on this. For sure a single point of failure.

I am a holder of both Quark and BTC, with the latter being much larger than the former. But I have to be honest here, the best Crypto's should win as this is about the people, not the money (per say.)

I mean that as a solo miner. Average people are able to start mining without specialized hardware like ASIC if a pool starts to get close to 51%. While bitcoiners have no power unless they own ASIC hardware to help the network. This is where quark beauty shines.

I don't know. A pool consists of many individual miners. Therefore they can switch or make the pool even with 50%+ act with the protocol.

Well, if I want to support the network ASICs would be nice, true. But this is not only a disadvantage of Bitcoin. How many computers do I(or one entity) need to infect to get 51%. And with Quarkcoin?
member
Activity: 98
Merit: 10
January 09, 2014, 11:58:33 AM
So after reading about the potential 51% attack on bitcoin. It's good to know quark is more secure because of CPU mining. I think people will finally understand how quarks actually stand out and why our mining period was so rapid.

Quark CPU mining insure that each individual able to securely defend the network and protect it.

I'm not sure that is completely true. The problem with Bitcoin and a 51% attack is more about the pools than about ASIC's, though there is something of a potentially centralized problem with ASIC's, yes.

Who has more mining pools, Bitcoin or Quark? I am pretty sure BTC has MANY MANY more pools. So, what that means is, due to Quark having fewer pools, it is even more important to watch for a 51%
attack. You can have good people unknowingly mining in a bad pool - with no idea of the pools intention. I think the Gigahash.io double spend thing is exactly that.

I would suggest some form of protocol for pools to follow that doesn't allow 1 to have more than 25% or some smaller arbitrary amount. A large holder of ASIC's (or CPU's) could still control a few pools in the same way though, so we need to work on this. For sure a single point of failure.

I am a holder of both Quark and BTC, with the latter being much larger than the former. But I have to be honest here, the best Crypto's should win as this is about the people, not the money (per say.)

I mean that as a solo miner. The average person is able to start mining without specialized hardware like ASIC if a pool starts to get close to 51%. While bitcoiners have no power unless they own ASIC hardware to help the network. This is where quark beauty shines.
legendary
Activity: 2044
Merit: 1008
January 09, 2014, 11:01:19 AM
So after reading about the potential 51% attack on bitcoin. It's good to know quark is more secure because of CPU mining. I think people will finally understand how quarks actually stand out and why our mining period was so rapid.

Quark CPU mining insure that each individual able to securely defend the network and protect it.

I'm not sure that is completely true. The problem with Bitcoin and a 51% attack is more about the pools than about ASIC's, though there is something of a potentially centralized problem with ASIC's, yes.

Who has more mining pools, Bitcoin or Quark? I am pretty sure BTC has MANY MANY more pools. So, what that means is, due to Quark having fewer pools, it is even more important to watch for a 51%
attack. You can have good people unknowingly mining in a bad pool - with no idea of the pools intention. I think the Gigahash.io double spend thing is exactly that.

I would suggest some form of protocol for pools to follow that doesn't allow 1 to have more than 25% or some smaller arbitrary amount. A large holder of ASIC's (or CPU's) could still control a few pools in the same way though, so we need to work on this. For sure a single point of failure.

I am a holder of both Quark and BTC, with the latter being much larger than the former. But I have to be honest here, the best Crypto's should win as this is about the people, not the money (per say.)

Is it not possible for QRK to use limitations to pools to avoid it from reaching 51%? Something from outside the pool that can stop a particular pool just in case.
legendary
Activity: 1442
Merit: 1000
Antifragile
January 09, 2014, 10:09:39 AM
So after reading about the potential 51% attack on bitcoin. It's good to know quark is more secure because of CPU mining. I think people will finally understand how quarks actually stand out and why our mining period was so rapid.

Quark CPU mining insure that each individual able to securely defend the network and protect it.

I'm not sure that is completely true. The problem with Bitcoin and a 51% attack is more about the pools than about ASIC's, though there is something of a potentially centralized problem with ASIC's, yes.

Who has more mining pools, Bitcoin or Quark? I am pretty sure BTC has MANY MANY more pools. So, what that means is, due to Quark having fewer pools, it is even more important to watch for a 51%
attack. You can have good people unknowingly mining in a bad pool - with no idea of the pools intention. I think the Gigahash.io double spend thing is exactly that.

I would suggest some form of protocol for pools to follow that doesn't allow 1 to have more than 25% or some smaller arbitrary amount. A large holder of ASIC's (or CPU's) could still control a few pools in the same way though, so we need to work on this. For sure a single point of failure.

I am a holder of both Quark and BTC, with the latter being much larger than the former. But I have to be honest here, the best Crypto's should win as this is about the people, not the money (per say.)
member
Activity: 98
Merit: 10
January 09, 2014, 07:17:23 AM
So after reading about the potential 51% attack on bitcoin. It's good to know quark is more secure because of CPU mining. I think people will finally understand how quarks actually stand out and why our mining period was so rapid.

Quark CPU mining insure that each individual able to securely defend the network and protect it.
legendary
Activity: 2044
Merit: 1008
January 09, 2014, 06:27:10 AM
New website is up http://www.qrk.cc
full member
Activity: 219
Merit: 102
January 09, 2014, 06:19:11 AM
Good pump now when there is coming weekend drop soon  Grin Again some trick get price up and dump and buy later better price back.
full member
Activity: 222
Merit: 100
January 09, 2014, 04:37:54 AM
We quarkers just follow one elementary rule. HODL!
Everybody HODL Grin

And while you at it take a look at http://forum.qrk.cc/thread/1242/quark-song-contest
sr. member
Activity: 406
Merit: 250
January 09, 2014, 04:21:00 AM
We quarkers just follow one elementary rule. HODL!
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
January 08, 2014, 11:26:24 PM
That must be an exchange buying that 2M. USD

Same thing before btce added xpm.  Some how the price dumps to lowest for ages......then wow huge buy order. Next day or two announcement.  Exchanges make huge bank.

Only good thing is they didn't get my QRK at 7 or 8 cents..  no chance.
legendary
Activity: 1344
Merit: 1001
January 08, 2014, 04:40:20 PM
Don't forget the effect of the wsj article;

http://online.wsj.com/article/HUG1747585.html?dsk=y

I'm guessing another one will be published soon.

Get ready for the next announcement and price explosion.


I'm ready



Let's twist again! http://gph.is/KyHv1U
member
Activity: 100
Merit: 10
January 08, 2014, 04:36:37 PM
Don't forget the effect of the wsj article;

http://online.wsj.com/article/HUG1747585.html?dsk=y

I'm guessing another one will be published soon.

Get ready for the next announcement and price explosion.
That's a paid press release not an article written by wsj.
sr. member
Activity: 492
Merit: 250
January 08, 2014, 04:27:34 PM
Don't forget the effect of the wsj article;

http://online.wsj.com/article/HUG1747585.html?dsk=y

I'm guessing another one will be published soon.

Get ready for the next announcement and price explosion.
legendary
Activity: 2044
Merit: 1008
January 08, 2014, 01:56:37 PM
All coins continued to go down, quark has gained 11%. According to Cryptmarketcap.

sr. member
Activity: 476
Merit: 250
January 08, 2014, 11:29:30 AM
My p2pool node is online again:

78.27.191.182:8374
1% fee
feedback appreciated
member
Activity: 100
Merit: 10
January 08, 2014, 11:21:50 AM
look at the cryptsy order book. There is a total of 100+ BTC in sell orders in the orderbook.
Wtf...

Also: somebody bought 34 million Quarks. He has 13% of the total suply: bitinfocharts.com/quarkcoin/address/QRHb2CTvGnwwrf6GHrxgQcH2tTAUoGhnC2

http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html
legendary
Activity: 1596
Merit: 1010
January 08, 2014, 10:41:55 AM
http://www.cryptoarticles.com/crypto-news/2014/1/8/bittylicious-looking-for-quark-sellers

Just a little appreciation from me to the Quark community Smiley
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