Topic: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 417. (Read 1076396 times)

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.

Thanks for the news devs ! Very appreciate ! 

For real.. That was fast! I have some questions I'd like to ask.. Better start getting them ready now.

Awesome news!

Dr Moss has also agreed to do an Ask Me Anything on our subreddit. So I will let the community know when that is happening, likely sometime next week. 

very nice  thx 4 the news!

Foundation, Donation & Algo Update.

Good afternoon EMC2 community. Just wanted to touch base with everyone for an update on what's been going on behind the scenes at the EMC2 workshop.

X11

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.

Foundation

We haven't been talking about this too much over the last few weeks on this thread, but its time now that you guys are aware of whats happening on that front. We have a lawyer were working with to get the foundation NPO incorporation papers complete. This will likely take about 2 weeks from now until those papers are signed and the foundation is "officially" up and running as a non profit organization . We have chosen 4 members of the team internally to be the first 4 directors of the foundation and once the paperwork is finalized we'll publish that info here and on the www.einsteinium.org site.

Once the papers are here we'll be able to open bank accounts and start really making a difference. This will be huge for the coin, the foundation, this community and more importantly science. I'll keep you guys posted on how this goes but expect that front to be kind of quiet over the next week or so.

Dr. Walter Moss Donation

We have been in contact with Dr Moss as you are all well aware by now regarding his win in our first ever vote. He was extremely excited to find out that he won and cant wait to get the funds and start on his fact finding research. Were still playing tag with www.experiment.com and trying to find out if we can make the payment directly with EMC2. If anyone wants to tweet them on our behalf to wake them up you can do so here:https://twitter.com/lets_experiment

If we cant get the funds to experiment.com in EMC2 then one of our team members will make the donation on their credit card on behalf of Einsteinium. This is not the best route to go but this will change once we can "cut a check" from the foundation directly.

On a side note, the team has thrown in an extra 10% in EMC2 that Dr Moss will hold and maybe donate to some people he knows.

If you guys have any questions, I'll be on for a little bit to answer them as best as I can.

couldn't it be that its intended for the algo to be "not optimized" because it uses less electricity. If everyone is running an less efficient algo it doesn't change the reward of any miner, because everyone is running slower and less efficient. That way a lot of electricity would be saved. Would make a lot of sense to keep it that way wouldn't it?

Another idea, and this may be too man power intensive, is to create a different or modified algo. It is not doable unless we could have miners or forks of mining software that work out of the gate. I have a feeling that creating new algos could start becoming the next big coin feature. Who knows? Benefit would be a potentially better algo, and some serious respect for the EMC2 devs. Downsides would be time/man power and any potential risks of getting it completed correctly.

hey dev,
blake 256 can be a good choice for change
as i know, there are two coins right now by this algo
"blakecoin" itself and "photoncoin"
both devs (cinnamon_carter and BlueDragon747 (creator of blake coin)) are working hard to manage and release a merged mine pool for those coins
you can contact them for cooperation in algo and merged mine pool too
just a suggestion

Essentially, yes. Eventually there will be X11 asics as it gains popularity, but it is probably at least a year away. By that time EMC2 will go from it's startup phase and into it's maturity phase. More mature coins can benefit from ASICs, and by that point it would not hurt the coins value. We don't want this coin to be a pump and dump coin, we are trying to build a sustainable organization around the coin, that can be the basis for a sustainable community.
Again this is a big if, the developers have a big word in this. derbrause by the way is one of them.
Again I think one thing the community in general is nothing is ASIC proof forever, but timing when ASICs come in does have impact over the life of a coin.

Doubtful that it is the manufacturers toying with us. X11 is the same person who created darkcoin. I'd say they are one of the most against the centralized nature of the world as it gets. Dark send, also the same guy will supposedly make transactions completely anonymous. Not exactly mainstream. The algos in x11 are all at least individually asic easy, but combined make it slightly more complex to do. That means there could be a good 8 to 12 month period of ASIC free mining. The optimization will happen with better cpu/gpu mining software. And yeah there will probably be some crazy super asic in the future, but that is down the road some time. Scrypt is beginning to see that super asic part.

Woah woah woah ... take off your foilhat .. i only said that this 'optimization' is more or less a lucky circumstance by poor algo design :-).. nothing more

The Idea is just to keep asic far away for some month to gain volume

@jjj0923 Okay seriously? You aren't making much sense, and even so this isn't a discussion about what you think it is. We are talking about the future of EMC2. It isn't about litecoin and scrypt ASICs. I think it is safe to say the consensus is EMC2 would not like to run the risk of keeping scrypt at this time. If you know of a better algo or of a solid reason why this consensus should not hold, then speak up. Spouting off about how I don't like an "ism" or why cake is a lie or coming up with random points that are off topic do not help this discussion. It would be better if you described how light works. At least that is science based. I see your LTC Rabbit tag. I'd be on a mission to keep scrypt in every coin just so that I can profit madly too. Good luck to you.

So its possible that X11 is a "Trojan Torse"?, trying to trick us with energy saving and ASIC resistant talk, when in reality its just a poor optimized algo?
And in the near future after a widespread adoption its true colours will show up? Like a super duper X11 ASIC miner?
Is the ASIC industry trying to manipulate us?  

look at new(ish) sha256 coins. they were mined with asics from the beginning. did they increase in value because of it? not really. some of them had their moment of glory, due to pumps, but they were dumped just the same. personally, at this point of time, I'm not sure that asic farms will bring more value to EMC2 then a lot of individual small miners.

Those paper wallets look amazing! Looks like a good team and community here who are very active and report issues for others to know and beware of.

With all due respect. Please stop reposting posts as your own. This comment you made is word for word what a close member of the EMC2 community just posted a few pages back. Please STOP!