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Topic: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining - page 73. (Read 914527 times)

reorder
sr. member
Activity: 462
Merit: 250
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 03:09:34 PM
#9370
Quote from: Alphi on May 23, 2014, 03:03:58 PM
Quote from: reorder on May 23, 2014, 02:54:00 PM
Quote from: Alphi on May 23, 2014, 02:51:39 PM
why not? how hard do you think it is to modify a reference design?
Pretty hard, hashing a stream is a totally different task from PoW search.

you know the chinese guy who designed the Sha 256 ASIC chip for Labcoin ( A company which failed and then turned out to be a scam) took a reference design and completed his own chip design in 8 weeks.

its not hard to get a working prototype ASIC if you hire people with the right chip design skills.

the more difficult part is tuning the chip and getting good die yields so it can be mass produced cheaply.

maybe its hard for you.... but not difficult for someone who has money and knows how to get a highly skilled design team together...

people who assume that there aren't teams already working on ASICs trying to preempt the market are just living under a rock.

X11 ASICs will be next after Scrypt and Scrypt-N... and guess what's in X11....
Nothing is hard if you hire the right people, indeed. It is just not necessarily economical and, well, hard to get things done as your Labcoin example shows.
Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 03:05:51 PM
#9369
Quote from: ?? on ??
Quote from: Alphi on May 23, 2014, 02:51:39 PM
and in later news Keccak enabled ASICs have already been designed. as for when someone will be likely to mass produce them.. that's only a matter of economics.

They have designed a nuclear fusion reactor also. As for when it will be mass produced, thats only a matter of economics.

yeah but you can't build a nuclear fusion reactor with just 5 people...  Wink if you could then we'd all have nuclear fusion by now... and that would be awesome..

I think I can hear wedding bells...
Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 03:03:58 PM
#9368
Quote from: reorder on May 23, 2014, 02:54:00 PM
Quote from: Alphi on May 23, 2014, 02:51:39 PM
why not? how hard do you think it is to modify a reference design?
Pretty hard, hashing a stream is a totally different task from PoW search.

you know the chinese guy who designed the Sha 256 ASIC chip for Labcoin ( A company which failed and then turned out to be a scam) took a reference design and completed his own chip design in 8 weeks.

its not hard to get a working prototype ASIC if you hire people with the right chip design skills.

the more difficult part is tuning the chip and getting good die yields so it can be mass produced cheaply.

maybe its hard for you.... but not difficult for someone who has money and knows how to get a highly skilled design team together...

people who assume that there aren't teams already working on ASICs trying to preempt the market are just living under a rock.

X11 ASICs will be next after Scrypt and Scrypt-N... and guess what's in X11....
reorder
sr. member
Activity: 462
Merit: 250
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 02:54:00 PM
#9367
Quote from: Alphi on May 23, 2014, 02:51:39 PM
why not? how hard do you think it is to modify a reference design?
Pretty hard, hashing a stream is a totally different task from PoW search.
Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 02:51:39 PM
#9366
Quote from: reorder on May 23, 2014, 02:47:19 PM
Quote from: Alphi on May 23, 2014, 02:43:42 PM
and in later news Keccak enabled ASICs have already been designed. as for when someone will be likely to mass produce them.. that's only a matter of economics.

Care to post a link? One that is not about NIST reference hardware designs, these are not exactly applicable to the coin.

why not? how hard do you think it is to modify a reference design?
reorder
sr. member
Activity: 462
Merit: 250
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 02:47:19 PM
#9365
Quote from: Alphi on May 23, 2014, 02:43:42 PM
and in later news Keccak enabled ASICs have already been designed. as for when someone will be likely to mass produce them.. that's only a matter of economics.

Care to post a link? One that is not about NIST reference hardware designs, these are not exactly applicable to the coin.
Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 02:43:42 PM
#9364
Quote from: ?? on ??
GPU miners appear to be quite ignorant of the fundamentals of cryptocurrency. Meh, Keccak FPGA's are probably nearing the horizon anyway. I know of at least one group who are looking into this.

the miners are not ignorant, it is the bagholders that are. The miners are just being greedy.

people who mine their Max and then dump them straight onto exchanges aren't affected in the slightest by a 51% attack.

51% is like musical chairs.. its only those people who are left standing with a bag full of coins when it happens that get hurt..

and in later news Keccak enabled ASICs have already been designed. as for when someone will be likely to mass produce them.. that's only a matter of economics.
TheRealSteve
hero member
Activity: 686
Merit: 500
FUN > ROI
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 11:59:02 AM
#9363
Quote from: Atrides on May 23, 2014, 09:36:59 AM
with such an active "fan" on the thread,
While you use the sarcastic quotes, it's actually relatively apt. in that I'm not a fan of either the coin or a given pool.  I certainly don't deal in MaxCoin, myself, and I'm only doing the graphs as a favor to another pool.  And since you seem to be under a certain impression...

Quote from: Atrides on May 23, 2014, 09:36:59 AM
slandering and shitting all over the other pools
...you should check my post history - I think you'll quickly find that I have no personal preference of one pool over another and have suggested people use different pools on many occasions.  Your ad hominem is misplaced.  The only thing I'll happily defend about 1gh is in comparison to e.g. MPOS-based pools, and is a sentiment that is shared by many: logins and accounts are annoying.  Not something that can't be overcome, but given the choice, most people just as soon use a no-account-needed pool.
1gh is not alone in that, mind you - DwarfPool and RocketPool follow the same model, and I applaud them for it.

Quote from: Atrides on May 23, 2014, 09:36:59 AM
this happens automatically, miners didn't even noticed something wrong
Then they really should pay more attention - otherwise, perhaps they're not even aware that they're feeding the > 50% issue Smiley
onliner
full member
Activity: 210
Merit: 100
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 09:57:42 AM
#9362
Quote from: Alphi on May 23, 2014, 05:00:43 AM
Quote from: MicroGuy on May 22, 2014, 03:36:41 PM
Another thing I noticed is that just like BCX predicted, Keiser is firmly back on the Maxcoin bandwagon.





man that guy is on Crack....

I'm waiting for Kaiser to get a Nobel Peace prize  Grin


yeap maxcoin is going to save the world  Grin
jnuqsx
full member
Activity: 142
Merit: 100
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 09:41:35 AM
#9361
Quote from: Alphi on May 23, 2014, 05:00:43 AM
Quote from: MicroGuy on May 22, 2014, 03:36:41 PM
Another thing I noticed is that just like BCX predicted, Keiser is firmly back on the Maxcoin bandwagon.





man that guy is on Crack....

Maxcoin is going to save the world lol

I'm waiting for Kaiser to get a Nobel Peace prize  Grin

MaxCoin    $ 1,290,080    $ 0.062296    20,708,760 MAX    $ 35,086    -5.35 %
forget it!
Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 09:40:15 AM
#9360
Quote from: ?? on ??
Ayn Rand would consider this a virtue...

perhaps he does deserve a Nobel Peace Prize.

If that's the case, then I think King Midas would disagree with Ayn Rand.

perhaps you should get rid of Stacy and marry Max yourself... then you could live together happily ever after.  Grin

after all .. nothing should be able to get between you and your precious...  Wink
Atrides
hero member
Activity: 658
Merit: 500
Admin of DwarfPool.com
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 09:36:59 AM
#9359
Quote from: TheRealSteve on May 23, 2014, 04:51:15 AM
Quote from: Atrides on May 23, 2014, 04:36:59 AM
this just meant, while gh's server was down, miners were automatically switched to failover servers on the other pools, and switched back when it was up again, nothing about service or sth else
Well you have to wonder why one pool is the primary, and another is the failover

with such an active "fan" on the thread, slandering and shitting all over the other pools, as well as with devs who didnt care about the concentration the whole hashrate in one hands, no I really dont wonder about why one pool is the primary Smiley

Quote from: TheRealSteve on May 23, 2014, 04:51:15 AM
and why miners, when faced with such an event (assuming they pay some attention to things), don't consider swapping them around.

this happens automatically, miners didn't even noticed something wrong
TheRealSteve
hero member
Activity: 686
Merit: 500
FUN > ROI
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 08:28:01 AM
#9358
Pools, hash rates and miners
pool
24h Ghash/s
Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 05:00:43 AM
#9357
Quote from: MicroGuy on May 22, 2014, 03:36:41 PM
Another thing I noticed is that just like BCX predicted, Keiser is firmly back on the Maxcoin bandwagon.





man that guy is on Crack....

Maxcoin is going to save the world lol

I'm waiting for Kaiser to get a Nobel Peace prize  Grin
stompix
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 04:57:33 AM
#9356
Quote from: MicroGuy on May 22, 2014, 03:27:12 PM
Quote from: darkota on May 22, 2014, 12:31:52 PM
Quote from: onliner on May 22, 2014, 10:42:41 AM
Quote from: daxiake on May 21, 2014, 01:03:51 PM
maxpay is coming!

MaxPay will allow merchants to accept Maxcoin from their customers via a MaxPay gateway, and allow merchants to instantaneously convert their Maxcoins to fiat currency. This approach will be very similar to that of BitPay, which is now one of the largest payment processors of Bitcoin.


https://www.startjoin.com/MaxPayCash

Good news! Thanks.

https://www.startjoin.com/MaxPayCash, Not $1 in funding received so far. MAXCOIN IS DEAD

The only way this coin is going to die is if Max Keiser closes his Twitter account.

In theory the coin can't be killed if there is one adept still mining it with his computer and maintains a full node.
And even if he shuts down his gear and the coin is "dead" it will revive just as simple when another miner pics up the task.

So , even if Max closes his tweeter account the coin won't be dead.

But the hype has long gone and the people who were in for the quick $ are not looking back. Who are the rest? Max followers? I think lots of them have abandoned him just like he abandoned quark and then maxcoin.

The only left are bagholders , and their dreams of revival.


Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 04:55:51 AM
#9355
Quote from: TheRealSteve on May 23, 2014, 04:51:15 AM
Quote from: Atrides on May 23, 2014, 04:36:59 AM
this just meant, while gh's server was down, miners were automatically switched to failover servers on the other pools, and switched back when it was up again, nothing about service or sth else
Well you have to wonder why one pool is the primary, and another is the failover - and why miners, when faced with such an event (assuming they pay some attention to things), don't consider swapping them around.

a lot of miners aren't bag holders.. if you mine and dump then 51% attack is not your problem... it becomes the problem of the person buying and the exchanges.
LiQio
legendary
Activity: 1181
Merit: 1002
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 04:54:48 AM
#9354
Quote from: MicroGuy on May 22, 2014, 03:27:12 PM
The only way this coin is going to die is if Max Keiser closes his Twitter account.

kill two birds with one stone - that would be awesome...
TheRealSteve
hero member
Activity: 686
Merit: 500
FUN > ROI
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 04:51:15 AM
#9353
Quote from: Atrides on May 23, 2014, 04:36:59 AM
this just meant, while gh's server was down, miners were automatically switched to failover servers on the other pools, and switched back when it was up again, nothing about service or sth else
Well you have to wonder why one pool is the primary, and another is the failover - and why miners, when faced with such an event (assuming they pay some attention to things), don't consider swapping them around.
Alphi
hero member
Activity: 798
Merit: 1000
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 04:49:17 AM
#9352
Quote from: darkota on May 22, 2014, 12:31:52 PM
Quote from: onliner on May 22, 2014, 10:42:41 AM
Quote from: daxiake on May 21, 2014, 01:03:51 PM
maxpay is coming!

MaxPay will allow merchants to accept Maxcoin from their customers via a MaxPay gateway, and allow merchants to instantaneously convert their Maxcoins to fiat currency. This approach will be very similar to that of BitPay, which is now one of the largest payment processors of Bitcoin.


https://www.startjoin.com/MaxPayCash

Good news! Thanks.

https://www.startjoin.com/MaxPayCash, Not $1 in funding received so far. MAXCOIN IS DEAD

this community is one of the greediest I have ever seen... I'm not surprised that nobody donated to get this project off the ground.
doesn't mean the coin is dead yet..   just dying a slow and painful death until someone breathes life into the community.....
Atrides
hero member
Activity: 658
Merit: 500
Admin of DwarfPool.com
Re: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining
May 23, 2014, 04:36:59 AM
#9351
Quote from: TheRealSteve on May 22, 2014, 10:01:59 AM
Quote from: darkota on May 22, 2014, 08:44:31 AM
Quote from: TheRealSteve on May 22, 2014, 07:51:35 AM
^^^^^ So that's what happens when 1gh has a glitch - temporary exodus to other pools Cheesy ^^^^^

It means 1gh has the ability to do a double spend and 51% attack on Maxcoin(i.e they can spend double more maxcoin than they have, and fork the maxcoin network to nothingness). This coin has no future.
No, the fact that they have more than 51% of the hashing power means that.

The temporary exodus means that miners are fickle creatures and can and will hop pools as soon as they smell something being off.. but then flock right back again to the pool that has served them best (be that actually the case, or psychological).

Just to address 1gh's > 50%, though.. they have that on many (all?) coins they offer pools for.  It's actually in their best interest not to abuse that power on any single coin, as they stand to lose more than they stand to gain.  It would be an unwise proposition at best.  While I understand people's concerns about any one actor having more than half the network hashing power behind it, those concerns are often misguided. ( don't make me a liar, 1gh Wink )

this just meant, while gh's server was down, miners were automatically switched to failover servers on the other pools, and switched back when it was up again, nothing about service or sth else
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