Edit: wow lottery mining is starting to move!
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6968. (Read 9723475 times)
February 08, 2014, 07:10:06 PM
Wow Auntie Steph look at your hashrate!
Edit: wow lottery mining is starting to move!
Edit: wow lottery mining is starting to move!
February 08, 2014, 07:06:44 PM
you need 20000 aws 32 core instances to mine at that speed
What kind of a freak are we dealing with?! These crypto terrorists need to crawl back to wherever they came from...I believe this coin can be viewed as a big threat by the 'governments', if eduffield really is getting close to creating a completely anonymous coin.
http://rt.com/business/bitcoin-russia-use-ban-942/
http://rt.com/business/bitcoin-warning-russia-bank-280/
The more people mining this coin, the better. Mine and hold!
I was looking at some of the comments to these kind of articles and the russian speakers said there was no ban, just bad reporting.
I don't think they see BTC as a threat. They could take control if they wanted just through huge BTC purchases with newly printed dollars. They're leaving it alone. I think there are other plans in the works for BTC.
Eduffield is going to get V&! lol!
February 08, 2014, 07:06:26 PM
I don't think they see BTC as a threat. They could take control if they wanted just through huge BTC purchases with newly printed dollars. They're leaving it alone. I think there are other plans in the works for BTC.
They don't need to print anything. The manipulation mechanism for BTC is through the news.
One bad news report = investors offloading / Elite controllers buying low.
If you repeat the cycle of rise and fall for like a few hundred times where you get like 3-5-10% differences (and there are cases where the drop is more impressive like from 1200 down to 700), it's just a matter of time before you end up with half the BTC supply in your hands.
Control the political decisions & the news = control the market. And they are doing that alright because people are ignorant of the dynamics.
February 08, 2014, 07:05:31 PM
The problem here is not that he will get a lot of coins, because he is only getting 10k-15k (with 3M+ coins out there this isn't much), the problem is the diff readjust algo, I'm really sure he will leave after diff changes, then it will take longer until next diff change. I think Kimoto Gravity Well is the way to go to avoid this, and better now that the coin is still young.
There is one additional problem. After having obtained a lot of coins, he will try to sell them. The offer of coins will be greater than the demand, so the price of the coin can drop quickly.
short term, yes, long term, its not that many coins ..
This difficulty/reward approach is definitely a good way to deter hog mining, it's hard to call how this is going to play out!
February 08, 2014, 07:04:28 PM
you need 20000 aws 32 core instances to mine at that speed
What kind of a freak are we dealing with?! These crypto terrorists need to crawl back to wherever they came from...I believe this coin can be viewed as a big threat by the 'governments', if eduffield really is getting close to creating a completely anonymous coin.
http://rt.com/business/bitcoin-russia-use-ban-942/
http://rt.com/business/bitcoin-warning-russia-bank-280/
The more people mining this coin, the better. Mine and hold!
I was looking at some of the comments to these kind of articles and the russian speakers said there was no ban, just bad reporting.
I don't think they see BTC as a threat. They could take control if they wanted just through huge BTC purchases with newly printed dollars. They're leaving it alone. I think there are other plans in the works for BTC.
February 08, 2014, 07:02:22 PM
The problem here is not that he will get a lot of coins, because he is only getting 10k-15k (with 3M+ coins out there this isn't much), the problem is the diff readjust algo, I'm really sure he will leave after diff changes, then it will take longer until next diff change. I think Kimoto Gravity Well is the way to go to avoid this, and better now that the coin is still young.
There is one additional problem. After having obtained a lot of coins, he will try to sell them. The offer of coins will be greater than the demand, so the price of the coin can drop quickly.
short term, yes, long term, its not that many coins ..
February 08, 2014, 07:00:51 PM
you need 20000 aws 32 core instances to mine at that speed
What kind of a freak are we dealing with?! These crypto terrorists need to crawl back to wherever they came from...I believe this coin can be viewed as a big threat by the 'governments', if eduffield really is getting close to creating a completely anonymous coin.
http://rt.com/business/bitcoin-russia-use-ban-942/
http://rt.com/business/bitcoin-warning-russia-bank-280/
The more people mining this coin, the better. Mine and hold!
I was looking at some of the comments to these kind of articles and the russian speakers said there was no ban, just bad reporting.
I don't think they see BTC as a threat. They could take control if they wanted just through huge BTC purchases with newly printed dollars. They're leaving it alone. I think there are other plans in the works for BTC.
February 08, 2014, 06:57:54 PM
you need 20000 aws 32 core instances to mine at that speed
What kind of a freak are we dealing with?! These crypto terrorists need to crawl back to wherever they came from...I believe this coin can be viewed as a big threat by the 'governments', if eduffield really is getting close to creating a completely anonymous coin.
http://rt.com/business/bitcoin-russia-use-ban-942/
http://rt.com/business/bitcoin-warning-russia-bank-280/
The more people mining this coin, the better. Mine and hold!
I was looking at some of the comments to these kind of articles and the russian speakers said there was no ban, just bad reporting.
February 08, 2014, 06:54:22 PM
And I just learned how to use Azure 
Ah sorry
Hey, just make sure you shut down your virtual machines so you can keep your $200, you have 27 days to use it! Don't leave them running! I'm not on trial anymore I pay as I go but I'm shutting them all off at retarget minus my home setup :\.. I'll be at a huge loss at that point February 08, 2014, 06:54:01 PM
And I just learned how to use Azure
wait with using your credit on there... this miner is going to disapear quickly again i think February 08, 2014, 06:52:58 PM
The much bigger concern to me is the coin being stuck on very high difficulty.
thats the same im thinkning about... i wrote money, ment monday
ditto.. we need a new retarget implementation ASAP. My money is on this guy jumping ship at retarget or soon thereafter.
...and that would be the "good" scenario (=being a big guy which hops around the most profitable cpu coin at any given point). The really bad scenario is that he stays around, which would perhaps hint at something totally different for achieving his hashrate, like offloading part of the algorithms in a GPGPU approach.
February 08, 2014, 06:51:32 PM
you need 20000 aws 32 core instances to mine at that speed
What kind of a freak are we dealing with?! These crypto terrorists need to crawl back to wherever they came from...I believe this coin can be viewed as a big threat by the 'governments', if eduffield really is getting close to creating a completely anonymous coin.
http://rt.com/business/bitcoin-russia-use-ban-942/
http://rt.com/business/bitcoin-warning-russia-bank-280/
The more people mining this coin, the better. Mine and hold!
I was looking at some of the comments to these kind of articles and the russian speakers said there was no ban, just bad reporting.
February 08, 2014, 06:50:11 PM
The much bigger concern to me is the coin being stuck on very high difficulty.
thats the same im thinkning about... i wrote money, ment monday
ditto.. we need a new retarget implementation ASAP. My money is on this guy jumping ship at retarget or soon thereafter.
Then as soon as we drive it back down, he comes back and shoots it up to 100
Yup. This is what is so exploitable about "normal" diff calculation algos. KGW FTW!
February 08, 2014, 06:49:46 PM
And I just learned how to use Azure
February 08, 2014, 06:42:11 PM
you need 20000 aws 32 core instances to mine at that speed
What kind of a freak are we dealing with?! These crypto terrorists need to crawl back to wherever they came from...I believe this coin can be viewed as a big threat by the 'governments', if eduffield really is getting close to creating a completely anonymous coin.
http://rt.com/business/bitcoin-russia-use-ban-942/
http://rt.com/business/bitcoin-warning-russia-bank-280/
The more people mining this coin, the better. Mine and hold!
February 08, 2014, 06:41:13 PM
The much bigger concern to me is the coin being stuck on very high difficulty.
thats the same im thinkning about... i wrote money, ment monday
ditto.. we need a new retarget implementation ASAP. My money is on this guy jumping ship at retarget or soon thereafter.
Then as soon as we drive it back down, he comes back and shoots it up to 100
February 08, 2014, 06:39:53 PM
The much bigger concern to me is the coin being stuck on very high difficulty.
thats the same im thinkning about... i wrote money, ment monday
ditto.. we need a new retarget implementation ASAP. My money is on this guy jumping ship at retarget or soon thereafter.
February 08, 2014, 06:33:43 PM
The problem here is not that he will get a lot of coins, because he is only getting 10k-15k (with 3M+ coins out there this isn't much), the problem is the diff readjust algo, I'm really sure he will leave after diff changes, then it will take longer until next diff change. I think Kimoto Gravity Well is the way to go to avoid this, and better now that the coin is still young.
Agreed. This one guy is not the whole mining operation though. As long as enough people stick around after he is gone the diff will eventually fall.
February 08, 2014, 06:31:35 PM
The problem here is not that he will get a lot of coins, because he is only getting 10k-15k (with 3M+ coins out there this isn't much), the problem is the diff readjust algo, I'm really sure he will leave after diff changes, then it will take longer until next diff change. I think Kimoto Gravity Well is the way to go to avoid this, and better now that the coin is still young.
Agreed. This one guy is not the whole mining operation though. As long as enough people stick around after he is gone the diff will eventually fall.
February 08, 2014, 06:29:49 PM
The problem here is not that he will get a lot of coins, because he is only getting 10k-15k (with 3M+ coins out there this isn't much), the problem is the diff readjust algo, I'm really sure he will leave after diff changes, then it will take longer until next diff change. I think Kimoto Gravity Well is the way to go to avoid this, and better now that the coin is still young.
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