Topic: 🔥🔥[ANN][MINTME]🌎MintMe.com Coin⚡️CPU mining⚡️DApps via Websites🚀No ICO/ASIC - page 46. (Read 85211 times)

On Cryptonight 7, an AMD CPU 1700 mines about 600H/s.
Latest AMD consumer CPU to date is 2700X which mines about 750H/s

Only one CPU can fit per motherboard.

A single Vega 56/64 easily does 2000H/s. Atleast 12 of them
can fit on a single motherboard. So any claims that GPU mining
is comparable and has same profitability as CPU mining are ridiculous.

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If we check the first page, here is what it says:

1. Web minable.
 - many other coins are also web minable. Ex: - Monero, JSEcoin, etc.

2. Only public, transparent and trackable transactions, a condition that guarantees a botnet unfriendly network
 - atleast 80% of the coins are transparent.

3. Fast transactions with possible off-chain solutions and on-chain scaling via sharding.
 - Many other coins have fast transactions - ex. ROI coin, BTX, etc. Off chain solutions and sharding are not implemented yet.

4. Constantly upgraded to remain ASIC resistant.

- No evidence yet, no Asic was threatening it yet.

5. DApp ERC20/223 enabled

- thousands of other coins are also smart contract enabled.


So we accept that since August Webchain is not CPU only minable (which was a unique feature).

Then what makes Webchain better than the rest Cryptonight 7 coins (or atleast a unique feature)?

Please understand that I like Webchain and I want to clear things out before I continue contributing to it.

This is unrelated topic but you are the master coder so I will ask away.  I have seen a cryptocoin that uses Japanses haiku, where cpu is used to randomly match words using haiku rules.  How difficult would that be to port over to gpu?   I am not coder so I wouldn't know, but it doesn't seem quantifiable.  Or maybe it can be.  I don't know.

Btw, new miner is cool.  Dev donation is more smooth and less duplicate shares.  I find that some pool does result in more duplcates, and higher the difficulty, less duplicates.  And thanks for 100k diff port.

Unfortunately you can't fork a coin away from gpu, unless you make the CPU miner closed source..  GPUS are re-programmable. you can fork away from an asic as its stuck doing one algo.
just sayin.

Alberto was confused. We called Webchain "CPU minable coin" because CryptoNight gives no significant advantage to GPU miners vs CPU miners, so Webchain will always be CPU minable.

As I just said some messages above, the team is committed to keeping webchain ASIC resistant if that ever comes to happen. We said Webchain is botnet unfriendly due to its privacy settings, transactions are traceable. Keep that in mind!

If you wonder why we prefer discord, read this short article on our news section. https://webchain.network/news/2018/8/10/switch-to-discord-for-real-time-communication

Thanks for your support regarding the decision upon airdrops. The information about the premined coins has been shared with the community before and we're willing to answer any other questions that could arise about it.

You can consider it a fact, by saying that Webchain is and will remain ASIC resistant, devs feel committed to working in advance to stand up for those "threats" if the time ever comes. We appreciate your keen eye on this situation and we can assure you there's no need to worry.

What are your expectations on Webchain after being added to CoinIMP.com as mineable coin? Add your comments to the reddit post below:

The team is evaluating the current network performance after these community actions. As I mentioned in a previous comment, Webchain has the #ASICResistant tag and that's what the team assures they will stand up for.

From the content of this thread and the website, I can see the dev team are very ambitious in change and utilising the blockchain technology by offering a No ICO rules on this project. This can gives a positive feels on others which the project is not scamming people. Also, the anti ASIC gives a opportunity to other new comers to adapt this project, which is a very nice idea.

We've added a post on reddit to talk about this decision. We always appreciate and consider your feedback. Join us there.

Thanks for your comment Tangri. I'll be taking your comment to the team devs, I consider you've been part of Webchain community for quite a long time and you wish the best for the project.

Thank you so much for your comment! I don't get the part of "US" though. Confirming what you've said, Webchain is now an option to be mined via websites, go to coinimp.com and find out more.

I confirmed your issue with devs and it's impossible we can do something about this situation. You sent WEB to a non-existing account and as you might know, we are unable to manage accounts, only users with their keyfile can do it. It is shown on the explorer, because as a matter of fact it's possible to send coins to any address.

Remember that the exchanges where Webchain is listed are and will always be mentioned on our homepage, to avoid this kind of issues.

If you think like that though that would be like deceiving your users... AFAIK bitcoin is a CPU mineable coin also... You could download cpuminer and mine sha256.

This is a really interesting question, now that we've seen how some community members have released the GPU miners. Our advertising strategy has always been focused on saying that Webchain is ASIC-resistant, not GPU resistant. The fact of using the tag "CPU mineable coin" is because the only official miner released so far is a CPU miner and that the team has no plans to develop an official GPU miner.

It's not a matter of keeping our eyes closed, it's more about recognizing the power of the community on the project. On the other hand, consider that a bunch of CPU miners would have driven the difficulty up too, of course not this quick, but it would have eventually happened if more CPU users had come and started mining Webchain.

LOL

I like that.  Airdrop will probably just end up dumped, and in big dilution.  I also respect the large premine.  I always thought large premine was important as dev needs to be rewarded for their hard work.  Its only fair, although there is some chance of scam. 

Having said that, I wonder what route dev will take from here?  Miners are always looking to profit from advantage and will look high and low to crack codes.  Even when some novel scheme is hatched to ward off crackers, its usually matter of time, until someone comes up with GPU or ASIC solution.  Only things that can possibly work is, always be ready to fork, with new codes ready.  This is huge undertaking, and big distraction from real development of cryptocurrency. 

I guess I will just keep keen eye as story unfolds.  So far, I am impressed with dev team with their industrious efforts and believe this issue will be addressed one way or the other.

Thanks guys and keep up the good work. 

That sounds fair. Now do we keep the *CPU only* as your signature says, or we use switch to GPUs for work?

Some people approached us with the idea of airdrops. We are against it - or at least against the concept shared on Wikipedia saying "A cryptocurrency Airdrop is a distribution of a cryptocurrency token or coin, usually for free, to a large number of wallet addresses, and primarily implemented as a way of gaining attention and new followers resulting in a larger user-base and a wider disbursement of coins. ".

The usually for free part is what we disagree with. It's so easy to start treating a coin as if it was worthless and start giving it away for free. We had no ICO and we are against using any airdrops for Webchain. It's simply too valuable in our eyes to give it away just like that. (small, limited competitions to win some WEB are planned by our marketing team though)

We think to give some coin a value, we cannot give it away for free in bulk. So, to get some WEB you have to work on it.

I agree to forking.  It was original vision, and would like to see this coin stay on track with cpu/java/web/iot powered and secured coin.  Although I do own quite a bit more gpu then cpus, for long term viability, I would prefer to see non gpu, non asic coin.  This is what most of us have signed up for.

Saying things like gpu won't be more efficient don't really make sense anyway.  If price go up, it WILL attract more gpu farm simply because it is better than mining anything else.  There are way more gpu capacity out there then cpu, and will flock to Webchain when prices assures profitability COMPARED to other available coins.  Unless it is dev's intention to depress the price of Webchain forever, GPU will destroy egalitarian mining.  It is clear as black and white.