Topic: [ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record - page 225. (Read 685362 times)

I hope you are right.  We can agree to disagree.  I actually think the community and marketing is far more important.  Do you really think Nike shoes function that much better than 10th placed shoe in the market, or does the marketing of Jordan, Lebron, Tiger set itself apart?

I hope you are right.  We can agree to disagree.  I actually think the community and marketing is far more important.  Do you really think Nike shoes function that much better than 10th placed shoe in the market, or does the marketing of Jordan, Lebron, Tiger set itself apart?

Absolutely, Doge's marketing efforts have been brilliant, and marketing itself is definitely of value without anything else. The reason I keep buying more RIC is because I feel like the harder part (development) is very solid. RIC doesn't need marketing brilliance to succeed, it just needs good marketing - which in my opinion will only take a matter of time. As mentioned above, the coin won't die from low prices, that will just make it easier to mine and buy draw in more newcomers (hopefully a good marketer too!).

Mostly agree.  I think marketing is essential.  Look at Dogecoin.  Nothing special about the coin from a development standpoint, but the community and marketing sets it apart. 

Focusing purely on development is a lethal mistake.  There are now over 120 coins on marketcap, and Riecoin isn't one of them. 

Gatra stops in to say things every couple days at least. You'll also see him frequently on Riecointalk.com. Also, he's the first dev I know of who updated with the new Bitcoin transaction malleability fix.

In the end, marketers are a dime a dozen, but someone who can write something like Riecoin is a great rarity. That said though, I agree RIC is desperately in need of better marketing.

I love the premise of the coin.  Lots of potential!  Way too many coins released without the developer giving constant updates and having interaction with the community.

Maybe most of these guys don't have a marketing background, but at the very least you should visit your own thread to re-store consumer confidence.

If you want to succeed with this coin you will need to be more active, or this coin will fall by the wayside.

Out of all the cryptos I've invested in, this is the one that I've got most wrong. It's a great idea, but it seems like some entity (botnet / GPU miner) is constantly dumping the price lower. I hope they move on soon. This chart is not pretty viewing:

As price goes down, miner stop mining the coin, which makes it easier to mine for others. So at some point it reaches an equilibrium.

I wish the developer was a bit more active, but understand is probably A LOT of work to get things off the ground.

Is this coin dead?

too difficult to mine

too low the price

Thinking about the pooling issue a bit more, I have a suggestion for how to refine it:

A key danger already identified by the Riecoin creators in using 4-chains as the PoW for pooled mining is the possibility of creating a miner tailored to finding 4 chains.

This isn't theoretical - I've played with a proof-of-concept, and it's both easy and gives a share advantage over a "correct" miner.  I've also run into it on the other side, where by too-aggressively screening out all six candidates, I created mining code that almost never generated a pool share unless it also found a block.  

I don't think it's possible to avoid all bias in this, but a few possibilities make it easier to make a more-correct pooled miner.  The first suggestion also has the advantage of providing a form of variable-difficulty pooled mining that is independently controllable from the Riecoin difficulty itself:

(a)  Minimum divisor requirement for *all* numbers:

   Accept PoW only if:
    (a)  The first four numbers are (MR) prime; and
    (b)  None of the six numbers has a divisor <= N for N=some reasonable size prime.

As an example, the optimized miner jh00 released sieves all six possibilities up to 50,000  (https://github.com/jh000/xptMiner/blob/master/xptMiner/riecoinMiner.cpp ).  A minimum PoW of 50,000 would then exclude any share that has more of a bias towards four-chains than the default ypool miner.

(b)  Generator polynomial matches only

The pattern of primes chosen for Riecoin (p, p+4, p+6, p+10, p+12, p+16) can only occur at certain values.  The simplest polynomial for these is n*210 + 7 and n*210 + 97.  Any miner searching at locations *other* than these is clearly doing something weird, because no valid 6-chain can occur at other locations.  Any non-matching share should be rejected.

  -Dave