[ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 416.

praxiscat

member

Activity: 112

Merit: 11

Quote from: chocobo on March 28, 2014, 09:02:16 PM

Quote from: praxiscat on March 28, 2014, 08:43:10 PM

No algorithm is asic proof indefinitely. People need to come to accept that. If we do fork it will be a one time thing to avoid the more immanent vulnerability and take the opportunity to grow the community. Later in a coins lifecycle a coin can benefit from ASICs as it keeps the network in place. We are very early in our lifecycle though.

thats a good point it is possible that scrypt could just live on with pure ASIC mining like BTC but since these are alt coins who knows how they will react.

Dogecoin, Litecoin, Peercoin, absolutely, and there is nothing wrong with that. They have all matured, Dogecoin rather quickly actually. Not all scrypt coins need to change, nor should they. Again coin maturity is a big factor in this.

chocobo

hero member

Activity: 540

Merit: 500

Quote from: praxiscat on March 28, 2014, 08:43:10 PM

No algorithm is asic proof indefinitely. People need to come to accept that. If we do fork it will be a one time thing to avoid the more immanent vulnerability and take the opportunity to grow the community. Later in a coins lifecycle a coin can benefit from ASICs as it keeps the network in place. We are very early in our lifecycle though.

thats a good point it is possible that scrypt could just live on with pure ASIC mining like BTC but since these are alt coins who knows how they will react.

praxiscat

member

Activity: 112

Merit: 11

No algorithm is asic proof indefinitely. People need to come to accept that. If we do fork it will be a one time thing to avoid the more immanent vulnerability and take the opportunity to grow the community. Later in a coins lifecycle a coin can benefit from ASICs as it keeps the network in place. We are very early in our lifecycle though.

SomeRelax

sr. member

Activity: 350

Merit: 250

Quote from: chocobo on March 28, 2014, 07:23:51 PM

Quote from: SomeRelax on March 28, 2014, 06:00:44 PM

Quote

A little fuel:
We looked up the code and were able to see that the current 'power savings' are just temporary as the algo itself is very bad in shape so its not properly configured which leads to less work for the card. So if its 'optimized' ( which is something bad in this case :-) ) in the future that energy saving 'feature' will fall apart but the hashrate will rise because of optimiziation.
Furthermore all algos used in x11 are optimized for ASICs :-)

Quote

We have been working hard testing and discussing X11 . Its by no means ready to launch and it may never launch if the team feels like there's a better way to go. But at this point it looks very probable that IF we'll be switching to X11 in the near future, everything will need to be rebuilt. Wallet, android app, ect ect ect so everyone will have ample time and advance warning to adjust to the possible upcoming switch to X11, It wont happen overnight, likely there will be at least 25 days notice.

so, you are going to change the algo to X11?
even if it is optimized for asic already?

would it have to be an asic that could work with all 11 algos?

actually yes
i think it would if X11 get popular like scrypt (is going to)
look at all new coins
its not stoppable, every day 1-5 new coin
they'll gonna shift from scrypt to X11 and soon (maybe in 1 year) we can expect hearing news for X11 asics

chocobo

hero member

Activity: 540

Merit: 500

Quote from: einsteinium on March 28, 2014, 07:46:24 PM

Quote from: chocobo on March 28, 2014, 07:29:05 PM

Quote from: praxiscat on March 28, 2014, 03:40:45 PM

The Ask Me Anything with Walter Moss, Ph.D. will be from 6PM - 8PM EST this Sunday on the Einsteinium subreddit!

EDIT. This will be US Eastern Standard Time.

Did yall request that they add it to the iama calender?

Going to check on that.

sweet. also the top image on the OP seems broken/missing but that might just be me.

spicelord

sr. member

Activity: 252

Merit: 250

Quote from: chocobo on March 28, 2014, 07:23:51 PM

Quote from: SomeRelax on March 28, 2014, 06:00:44 PM

Quote

A little fuel:
We looked up the code and were able to see that the current 'power savings' are just temporary as the algo itself is very bad in shape so its not properly configured which leads to less work for the card. So if its 'optimized' ( which is something bad in this case :-) ) in the future that energy saving 'feature' will fall apart but the hashrate will rise because of optimiziation.
Furthermore all algos used in x11 are optimized for ASICs :-)

Quote

We have been working hard testing and discussing X11 . Its by no means ready to launch and it may never launch if the team feels like there's a better way to go. But at this point it looks very probable that IF we'll be switching to X11 in the near future, everything will need to be rebuilt. Wallet, android app, ect ect ect so everyone will have ample time and advance warning to adjust to the possible upcoming switch to X11, It wont happen overnight, likely there will be at least 25 days notice.

so, you are going to change the algo to X11?
even if it is optimized for asic already?

would it have to be an asic that could work with all 11 algos?

The Asic would have to run all 11 algorithms in the proper sequence, thus making the asic specifically for X11.

einsteinium

sr. member

Activity: 536

Merit: 252

Quote from: chocobo on March 28, 2014, 07:29:05 PM

Quote from: praxiscat on March 28, 2014, 03:40:45 PM

The Ask Me Anything with Walter Moss, Ph.D. will be from 6PM - 8PM EST this Sunday on the Einsteinium subreddit!

EDIT. This will be US Eastern Standard Time.

Did yall request that they add it to the iama calender?

Going to check on that.

SuperSta

full member

Activity: 154

Merit: 100

http://emc2.lifeforce.info

System: Prop

Stratum

VarDiff

Pay Interval: Every 30 Seconds (for confirmed blocks)
Fee: 0.5%
Current Pool Hashrate: ~200MH/s
Current Pool Workers: ~175

chocobo

hero member

Activity: 540

Merit: 500

Quote from: praxiscat on March 28, 2014, 03:40:45 PM

The Ask Me Anything with Walter Moss, Ph.D. will be from 6PM - 8PM EST this Sunday on the Einsteinium subreddit!

EDIT. This will be US Eastern Standard Time.

Did yall request that they add it to the iama calender?

chocobo

hero member

Activity: 540

Merit: 500

Quote from: SomeRelax on March 28, 2014, 06:00:44 PM

Quote

A little fuel:
We looked up the code and were able to see that the current 'power savings' are just temporary as the algo itself is very bad in shape so its not properly configured which leads to less work for the card. So if its 'optimized' ( which is something bad in this case :-) ) in the future that energy saving 'feature' will fall apart but the hashrate will rise because of optimiziation.
Furthermore all algos used in x11 are optimized for ASICs :-)

Quote

We have been working hard testing and discussing X11 . Its by no means ready to launch and it may never launch if the team feels like there's a better way to go. But at this point it looks very probable that IF we'll be switching to X11 in the near future, everything will need to be rebuilt. Wallet, android app, ect ect ect so everyone will have ample time and advance warning to adjust to the possible upcoming switch to X11, It wont happen overnight, likely there will be at least 25 days notice.

so, you are going to change the algo to X11?
even if it is optimized for asic already?

would it have to be an asic that could work with all 11 algos?

SomeRelax

sr. member

Activity: 350

Merit: 250

Quote

A little fuel:
We looked up the code and were able to see that the current 'power savings' are just temporary as the algo itself is very bad in shape so its not properly configured which leads to less work for the card. So if its 'optimized' ( which is something bad in this case :-) ) in the future that energy saving 'feature' will fall apart but the hashrate will rise because of optimiziation.
Furthermore all algos used in x11 are optimized for ASICs :-)

Quote

We have been working hard testing and discussing X11 . Its by no means ready to launch and it may never launch if the team feels like there's a better way to go. But at this point it looks very probable that IF we'll be switching to X11 in the near future, everything will need to be rebuilt. Wallet, android app, ect ect ect so everyone will have ample time and advance warning to adjust to the possible upcoming switch to X11, It wont happen overnight, likely there will be at least 25 days notice.

so, you are going to change the algo to X11?
even if it is optimized for asic already?

bitminton

member

Activity: 116

Merit: 10

Quote from: derbrause on March 28, 2014, 10:16:01 AM

Quote from: bitminton on March 28, 2014, 08:46:27 AM

Btw. can you please disable the top wordpress-bar for non-admin/legitimate users (which are only registered for the votings) at the foundation website.

@functions.php

Code:

if(!current_user_can('manage_options')) 
{
    add_filter('show_admin_bar', '__return_false');
}

Have you figured out how to transfer the fund to the winner? If there are any news, please also update the twitter account so that we all can spread (or retweet