[ANN][HLM] HELIUM - page 133. | Bitcointalksearch.org

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: Gladimor on April 16, 2017, 08:31:10 PM

The biggest issue I see with starting off with ASIC mining would be the illusion of centralized mining- as the ability to create the mining hardware would be in the hands of a central group. That argument would be fuel for many individuals.

If Helium reached an appropriate valuation, we could see the entry of larger and specialized ASIC companies into the scene. What's to stop them from developing a much more effective chip? The main strategy I see towards a decentralized mining network would be to deploy an algorithm that is memory intensive- or any specification that renders ASICs obsolete. An algorithm that is GPU friendly would be much more viable as it allows everyone in on the game from the start. The network would be truly decentralized, with no group with the "key" to mining in the beginning.

If you want to select an algorithm that is both GPU and ASIC friendly, X11 would definitely be viable. ASICs hashing X11 were released last year by small manufacturers, and the hardware is already spread amongst many miners.

We're not starting off with ASICs. They take time and money to build.

We'll have lots of discussions on this, I'm sure. Pitch in on slack when those discussions start to pick-up steam.

One thing is for sure if we build them - no scams.

Gladimor

legendary

Activity: 1050

Merit: 1000

The biggest issue I see with starting off with ASIC mining would be the illusion of centralized mining- as the ability to create the mining hardware would be in the hands of a central group. That argument would be fuel for many individuals.

If Helium reached an appropriate valuation, we could see the entry of larger and specialized ASIC companies into the scene. What's to stop them from developing a much more effective chip? The main strategy I see towards a decentralized mining network would be to deploy an algorithm that is memory intensive- or any specification that renders ASICs obsolete. An algorithm that is GPU friendly would be much more viable as it allows everyone in on the game from the start. The network would be truly decentralized, with no group with the "key" to mining in the beginning.

If you want to select an algorithm that is both GPU and ASIC friendly, X11 would definitely be viable. ASICs hashing X11 were released last year by small manufacturers, and the hardware is already spread amongst many miners.

jwiz168

hero member

Activity: 910

Merit: 1000

Quote from: coins101 on April 16, 2017, 06:37:09 PM

Quote from: SockPuppetAccount on April 16, 2017, 01:20:23 PM

Quote from: KarmaShark on April 16, 2017, 12:35:33 PM

Quote from: Nikolaj on April 16, 2017, 12:10:53 PM

So guys, is there any news regwrding the pow algo characteristics? Will it be cpu, vga or asic territory?

It've been stated that spreadx11 won't be used, do you confirm?

Thanks

We have not decided upon a hash yet, that is coming along. In terms of mining, we are looking into the possibility of creating our own ASIC's to support the network, so we are likely to be CPU / GPU / ASIC friendly.

My advice would be to pick a GPU friendly algorithm (NIST5 or something) and let the free market take care of developing the ASICs once it is economically viable. An army of GPUs is sustaining the network of ETH and it's 4.5 billion USD marketcap. There are plenty of hashes to go around to support HLM's network.

Worrying about designing custom ASICs is putting the cart before the horse. Focus on improving the core protocol and implementing new technology first. If HLM can break (and sustain) a 100 million USD+ marketcap, then worry about ASICs.

I missed the AMA unfortunately. Gonna read through it and give you guys my thoughts on anything that was said (whether you like it or not! Tongue

) sometime in the next few days.

The current free market approach doesn't work. We've got Bitcoin to demonstrate that. Look at the Core vs. Bitman position, for example.

If you want a secure network you need a large hash rate, but it has to be distributed. We're looking at how we can influence decentralization through releasing cheap ASICs and possibly limiting distribution on a regional basis to prevent small groups buying up large quantities.

We've got a lot of smart people that have expertise in this area, so it will be interesting to see how the plans evolve. But the one consistent issue with ASICs is that they take time to design. So it is worth starting the process sooner rather than later - I don't think that's putting the cart before the horse, it's planning ahead.

We could have another unique feature that improves the security of the network, just by giving miners cheap miners they can buy, which are also cheap to run.

If its time for ASIC please let me reserve one

My location is at South East Asia.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: SockPuppetAccount on April 16, 2017, 01:20:23 PM

Quote from: KarmaShark on April 16, 2017, 12:35:33 PM

Quote from: Nikolaj on April 16, 2017, 12:10:53 PM

So guys, is there any news regwrding the pow algo characteristics? Will it be cpu, vga or asic territory?

It've been stated that spreadx11 won't be used, do you confirm?

Thanks

We have not decided upon a hash yet, that is coming along. In terms of mining, we are looking into the possibility of creating our own ASIC's to support the network, so we are likely to be CPU / GPU / ASIC friendly.

My advice would be to pick a GPU friendly algorithm (NIST5 or something) and let the free market take care of developing the ASICs once it is economically viable. An army of GPUs is sustaining the network of ETH and it's 4.5 billion USD marketcap. There are plenty of hashes to go around to support HLM's network.

Worrying about designing custom ASICs is putting the cart before the horse. Focus on improving the core protocol and implementing new technology first. If HLM can break (and sustain) a 100 million USD+ marketcap, then worry about ASICs.

I missed the AMA unfortunately. Gonna read through it and give you guys my thoughts on anything that was said (whether you like it or not! Tongue

) sometime in the next few days.

The current free market approach doesn't work. We've got Bitcoin to demonstrate that. Look at the Core vs. Bitman position, for example.

If you want a secure network you need a large hash rate, but it has to be distributed. We're looking at how we can influence decentralization through releasing cheap ASICs and possibly limiting distribution on a regional basis to prevent small groups buying up large quantities.

We've got a lot of smart people that have expertise in this area, so it will be interesting to see how the plans evolve. But the one consistent issue with ASICs is that they take time to design. So it is worth starting the process sooner rather than later - I don't think that's putting the cart before the horse, it's planning ahead.

We could have another unique feature that improves the security of the network, just by giving miners cheap miners they can buy, which are also cheap to run.

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: SockPuppetAccount on April 16, 2017, 01:20:23 PM

Quote from: KarmaShark on April 16, 2017, 12:35:33 PM

Quote from: Nikolaj on April 16, 2017, 12:10:53 PM

So guys, is there any news regwrding the pow algo characteristics? Will it be cpu, vga or asic territory?

It've been stated that spreadx11 won't be used, do you confirm?

Thanks

We have not decided upon a hash yet, that is coming along. In terms of mining, we are looking into the possibility of creating our own ASIC's to support the network, so we are likely to be CPU / GPU / ASIC friendly.

My advice would be to pick a GPU friendly algorithm (NIST5 or something) and let the free market take care of developing the ASICs once it is economically viable. An army of GPUs is sustaining the network of ETH and it's 4.5 billion USD marketcap. There are plenty of hashes to go around to support HLM's network.

Worrying about designing custom ASICs is putting the cart before the horse. Focus on improving the core protocol and implementing new technology first. If HLM can break (and sustain) a 100 million USD+ marketcap, then worry about ASICs.

I missed the AMA unfortunately. Gonna read through it and give you guys my thoughts on anything that was said (whether you like it or not! Tongue

) sometime in the next few days.

Always value your contributions so looking forward to it.

SockPuppetAccount

hero member

Activity: 882

Merit: 500

MiG Messenger - earn while chatting

Quote from: KarmaShark on April 16, 2017, 12:35:33 PM

Quote from: Nikolaj on April 16, 2017, 12:10:53 PM

So guys, is there any news regwrding the pow algo characteristics? Will it be cpu, vga or asic territory?

It've been stated that spreadx11 won't be used, do you confirm?

Thanks

We have not decided upon a hash yet, that is coming along. In terms of mining, we are looking into the possibility of creating our own ASIC's to support the network, so we are likely to be CPU / GPU / ASIC friendly.

My advice would be to pick a GPU friendly algorithm (NIST5 or something) and let the free market take care of developing the ASICs once it is economically viable. An army of GPUs is sustaining the network of ETH and it's 4.5 billion USD marketcap. There are plenty of hashes to go around to support HLM's network.

Worrying about designing custom ASICs is putting the cart before the horse. Focus on improving the core protocol and implementing new technology first. If HLM can break (and sustain) a 100 million USD+ marketcap, then worry about ASICs.

I missed the AMA unfortunately. Gonna read through it and give you guys my thoughts on anything that was said (whether you like it or not! Tongue

) sometime in the next few days.

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: Nikolaj on April 16, 2017, 12:10:53 PM

So guys, is there any news regwrding the pow algo characteristics? Will it be cpu, vga or asic territory?

It've been stated that spreadx11 won't be used, do you confirm?

Thanks

We have not decided upon a hash yet, that is coming along. In terms of mining, we are looking into the possibility of creating our own ASIC's to support the network, so we are likely to be CPU / GPU / ASIC friendly.

Nikolaj

sr. member

Activity: 445

Merit: 255

So guys, is there any news regwrding the pow algo characteristics? Will it be cpu, vga or asic territory?

It've been stated that spreadx11 won't be used, do you confirm?

Thanks

jwiz168

hero member

Activity: 910

Merit: 1000

I missed the AMA ... but I am greatly satisfied with what Helium devs are planning. The direction of the project is awesome . I specifically dev's custom ASIC miner plan . If it is up , then I will build a rig with it.

KarmaShark

hero member

Activity: 617

Merit: 559

Big thank you to everyone for what was just one of the best AMA's I have taken a part in to date. The Helium community is growing quickly and our Slack channel is a big reason why.

If this is your first time being introduced to Helium, look over the OP of this thread and then feel free to come over and join us in the Helium Slack channel: https://heliumslack.herokuapp.com/

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: micdvd85 on April 15, 2017, 11:16:02 AM

Quote from: frankkkkkkk on April 15, 2017, 10:52:58 AM

Interesting project!But what s the relationship between SPR and HLM?

As far as I understand it, and I'm sure people will correct me if I am wrong, Coins101 and the other Devs of this coin used to be very involved with developing Spreadcoin. I think that Coins101 and a couple other people wanted spreadcoin to go in a different direction than that of the current main dev of spreadcoin. So Coins101 decided to leave the spreadcoin project and start this so that he could take the coin in his direction. That his how I think it is in a nutshell.

The below post is a good summary of the situation leading up to the birth of Helium:

https://bitcointalksearch.org/topic/m.18030003

Last call for the AMA - Ask Me Anything - happening today in the Helium Slack channel at 12 P.M. EST / 5 P.M. GMT:

https://heliumslack.herokuapp.com/

micdvd85

sr. member

Activity: 312

Merit: 250

BAM

Quote from: frankkkkkkk on April 15, 2017, 10:52:58 AM

Interesting project!But what s the relationship between SPR and HLM?

As far as I understand it, and I'm sure people will correct me if I am wrong, Coins101 and the other Devs of this coin used to be very involved with developing Spreadcoin. I think that Coins101 and a couple other people wanted spreadcoin to go in a different direction than that of the current main dev of spreadcoin. So Coins101 decided to leave the spreadcoin project and start this so that he could take the coin in his direction. That his how I think it is in a nutshell.

frankkkkkkk

hero member

Activity: 594

Merit: 500

Interesting project!But what s the relationship between SPR and HLM?

rowenta01

sr. member

Activity: 1216

Merit: 333

Hey,

I registered 2 on the link for the slack, but I did not receive any mail to register. Sad

micdvd85

sr. member

Activity: 312

Merit: 250

BAM

Quote from: cryptohunter on April 15, 2017, 09:40:52 AM

Quote from: micdvd85 on April 15, 2017, 09:31:49 AM

Quote from: cryptohunter on April 15, 2017, 09:25:28 AM

what percentage of the minting is going to spreadcoin owners exactly?

there are 20m spread so how can there be a POW period?

Are you serious? Like for real? Only 7.8m SPR has been mined so far... So only 7.8m will be distributed to current owners, with still years left of POW rewards...

Thanks for answer

Only pulled up the first page of spreadcoin and noticed 20M minting.

Oh, lol. I was soo confused like, where the heck did he get that number. I am pretty sure that Helium will still have the smooth halving reward just like spreadcoin so there will still be a long time of POW rewards to be had even with the 7.8m being send to current holders of spr.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: micdvd85 on April 15, 2017, 09:31:49 AM

Quote from: cryptohunter on April 15, 2017, 09:25:28 AM

what percentage of the minting is going to spreadcoin owners exactly?

there are 20m spread so how can there be a POW period?

Are you serious? Like for real? Only 7.8m SPR has been mined so far... So only 7.8m will be distributed to current owners, with still years left of POW rewards...

Thanks for answer

Only pulled up the first page of spreadcoin and noticed 20M minting.

junzotojunzo

member

Activity: 70

Merit: 10

Branding
There will likely be a logo and branding competition announced around May or June. However, we are likely to start by talking to a creative agency.

I have a logo design for Helium in mind

micdvd85

sr. member

Activity: 312

Merit: 250

BAM

Quote from: cryptohunter on April 15, 2017, 09:25:28 AM

what percentage of the minting is going to spreadcoin owners exactly?

there are 20m spread so how can there be a POW period?

Are you serious? Like for real? Only 7.8m SPR has been mined so far... So only 7.8m will be distributed to current owners, with still years left of POW rewards...

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

what percentage of the minting is going to spreadcoin owners exactly?

there are 20m spread so how can there be a POW period?

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: rowenta01 on April 15, 2017, 07:23:11 AM

Hello,

I just bought the spreadcoin to have Helium too.

How will this happen?

Do my spreadcoin have to be in a wallet and after that I will download the Helium wallet, and I will put my wallet.dat.

What is the date of the fork?

Thank you in advance for your lighting!

Details on the date of the blockchain snapshot, redemption method and launch of Helium have yet to be made public. Once we are ready all of this information will be shared with the community. You will want to have your SPR in a wallet you control prior to the snapshot, to which we will be giving you all plenty of advanced notice to prepare for that date.

There is an AMA - Ask Me Anything - happening today in the Helium Slack channel at 12 P.M. EST / 5 P.M. GMT. This will be a fun, simple and rewarding way of asking questions and finding out information on Helium. I encourage you all to join us find out about the best kept secret in the cryptocurrency and blockchain industry:

https://heliumslack.herokuapp.com/

See you there!

Topic: [ANN][HLM] HELIUM - page 133. (Read 189458 times)