Topic: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools - page 7. (Read 6578 times)

interesting

Hello everyone, we have paid 500 LUCK to MonsterV for trial signature campaign for 2 weeks, good luck to luck

0xbac3e5ad14a5111352557560dfe1cf2e46d0d5cf3bba8e72a5

Well, it is not a matter of trolling, it is a matter of gaining more privacy. Reusing bitcoin address is bad for privacy. Reusing bitcointalk account is the same thing. And since sticking to the same account is more and more harmful for privacy, people are using many accounts.

Of course. But sticking to the same account is also harmful for quality. Imagine that someone is getting hundreds of merit. Then, it is difficult to talk normally, because people follow authorities and they often do not even consider that some authority is wrong.

Also, it is useful to have some people that still think creating pools is possible. Bitcoin is double spending resistant, so people are constantly trying to double spend coins to prove it is secure enough. Luck is created to be pool resistant, so people will create pools to prove it is inefficient. But since merged mining comes into play, it is always more profitable to get both rewards from solo mining and rewards from pools than getting only rewards from solo mining.

Edit: And about exchange: if this coin is going to get rid of all mining pools, it probably should also get rid of centralized exchanges and be traded at some DEX, for example AtomicDEX from Komodo. Also, Smart Chains can be always detached from Komodo and attached somewhere else, so there is no danger of being "centralized by Komodo".

you need to check the condition before you you say the threads was attacked by newbie, first the developers is not on discord, that why many people who dont have bitcointalk account creating their account first  time and ask the questions on this threads because the developers are only active anwsering people questions on this threads.

I Dont want to say it .. but still.. when a thread is hijacked by newbies... Everyone know the fact.. they are  troll accounts or  what else ?

A newbie in bitcoin talk  ,, talking exceptional well.. is not a newbie in cryptoworld..

We are dealing with it, and the official website may not work properly for a short while.

Got it, thanks! Now makes sense. Indeed my Laptop is using only 25-30% of the CPU power, but since I am now a Linux user I need to do some research and to try to run more nodes to have more chances to hit a block once in a while.

hey dev,

would be great if you could install a SSL cert on the official Luck Website.



Greetings

Around 3 blocks, I run 4->6 miners in 1 machine, so they can use 100% of my CPU. I use linux.

Hey mate!
What do you mean by blocks everyday? You hit 1-2-5 or how much?
I am asking this because I mine from 1 single CPU i7-7700 and I didn't got 1 block in 3 days. Maybe is something I do wrong.

you just did some quick googles and jumped to a false conclusion.
Luck uses argon2id (not argon2d) with heavy parameters that makes GPU almost equivalent to CPU. To be detailed, memory cost is 64mb, parallelism cost is 4, time cost is 2. Other argon2 projects can be mined by GPU because they use lightweight parameters, such as memory cost is only 1mb. You can test it for yourself, or ask a real expert about this.
Plus, for mining a block the miners have to do 3 rounds of argon2id. So GPU miner is definitely unrealistic here.
same reply as above. No GPU here. I myself only mine with 4 x i7-6700k and have mined blocks everyday

interesting project

It is no longer true, there are many miners that allow GPU mining using argon2d. More explanation here: https://www.reddit.com/r/garlicoin/comments/7wf3m6/argon2d_is_gpu_resistant/dyrir63/?utm_source=reddit&utm_medium=web2x&context=3

Currently, the most GPU/ASIC resistant functions are probably yescrypt-based. But in reality, there is no such things like "ASIC-resistance". People are not building ASIC machines for such algorithms, because now it is not profitable yet. But when some altcoins will be worth more, they will be created sooner or later. And the only defense in all such cases is changing an algorithm, but it possibly leads to creating a new coin.

GPU resistance is regularly broken on many algorithms, because it is easier to get some GPU hardware and write some code than create some ASIC device from scratch.

It's  said that argon2d is anti-GPU, luck uses the argon2d algorithm, how can it be  GPU, if it is not GPU, I am curious what it will be?

no sherlock, he is strunggle to getting 1 block that taking more  time than before ,  that why he said there is GPU miner on chain while network has over 10,000 node that im sure and per day block are only 4000+ block but  im still getting some block mining with my old CPUs, if there is GPU miner, i belive ill not getting any block and the diff wiill be 100x high than current diff.


im sending you new mail regarding the bounty plan and how much token are needed for the bounty.

I'm not sure if there is GPU mining. If so, can anyone share specific data?

I analyzed the 2POW protocol.
In the early days, everyone used CPU mining, as the more nodes, the higher the luck value.
However, since some time, some GPUs have participated in mining, and the power has increased by about 1000 times. The CPU can no longer mined blocks at all, and luck is not so important. Because in the design of 2POW, there is a basic assumption that when the power of all nodes is almost equal, blocks are mined by luck. However, GPU has a performance advantage of 1000 times compared with CPU, this is equivalent to only a few scattered GPUs in the system mining blocks.
Although the system has been monopolized by several GPU miners, I believe that as the number of GPUs increases, the importance of luck will come.

Yes, it was. But if people are getting their rewards less and less frequently, they will sooner or later join some pools to receive it more frequently. This coin has 18 decimal places. If it is possible to receive 0.1, 0.01 or even 0.001 coin and use it, people will start doing it off-chain, because they want to use this coin now, not a week, month or year later when they will solo mine one coin.

There is nothing that is fully "pool resistant". It can be just less profitable in the long term. But since for many people having less coins now seems to be more attractive than having more coins later (also because this coin is worth more when there are less coins in circulation), people will go for it.

It is always true in all PoW-based systems. In other case, nobody could start mining it alone just after the Genesis Block. The first miner was mining 100% of the first non-genesis block, so it is always possible for one person to mine 50% of the blocks.

Wasn't the purpose of this coin with its new mining algo to avoid pool monopol? As far as I know 2POW is pool resistant algo. So now what you are saying to me is that apart the fact that 1 single person can mine 50% of the blocks, now I find that pool mining is also possible, even tho they are secret pools or "hidden pools" since they are not secret anymore.

This project gets better and better. JK

Because you are not using pools. Now, many users have a choice: solo mine one coin per week or so, or use secret mining pools and mine a fraction of coin every hour and use it off-chain. The pool pressure is getting higher and higher, because of merged mining from other coins and because this coin is quite young, so the initial price will be higher than later. A few months later the difficulty will drop if this coin will follow typical altcoin path, but now it is high and still will be for a while.

It is pure luck with all advantages and drawbacks. It is typical "winner takes all" scheme that you can see in many other coins. If instead everyone will take some fraction of the coin in every block, the pools will quickly disappear. But since writing all small rewards on the blockchain is costly, the off-chain pools are still working fine, creating many unconfirmed transactions that finally will sum up and move single on-chain coins every week or month.