[ANN][SRC] Securecoin | A Fast and Secure Version of Bitcoin | 2013 - page 65.

baritus

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Activity: 966

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Quote from: smolen on August 24, 2013, 04:18:46 AM

Quote from: baritus on August 23, 2013, 08:43:14 PM

1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.

I'm the author of that "claimed" miner and it is in the hands of one at the moment

Consider my competence and efforts put in the miner as a capital on which I get small interest.
Regarding time to release new CPU-only coin, IMHO it's better to wait for the release of Primecoin GPU miner. Also may be someone will write another miner for Quark (Quark is performing quite well on the exchange, there is still time to profit), or my own miner will be released. Right now CPU hashrate reallocations between Quark, Primecoin and SecureCoin performed by VPS farms owners could kill young coin. Of course, it's only my opinion and just another thing, may be not so important, for coin creator to consider.

EDIT:

Quote from: minerapia on August 24, 2013, 03:27:25 AM

Even if you would add 6 more hash algos it would only be matter of time for the first gpu miner.

The only real obstacle was the groestl hash, it took a lot of work and luck to get past 180 KHs barrier.

Thanks for the input. I am carefully watching the current state of affairs for the best launch time. This is very clearly not it.

smolen

hero member

Activity: 524

Merit: 500

Quote from: baritus on August 23, 2013, 08:43:14 PM

1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.

I'm the author of that "claimed" miner and it is in the hands of one at the moment

Consider my competence and efforts put in the miner as a capital on which I get small interest.
Regarding time to release new CPU-only coin, IMHO it's better to wait for the release of Primecoin GPU miner. Also may be someone will write another miner for Quark (Quark is performing quite well on the exchange, there is still time to profit), or my own miner will be released. Right now CPU hashrate reallocations between Quark, Primecoin and SecureCoin performed by VPS farms owners could kill young coin. Of course, it's only my opinion and just another thing, may be not so important, for coin creator to consider.

EDIT:

Quote from: minerapia on August 24, 2013, 03:27:25 AM

Even if you would add 6 more hash algos it would only be matter of time for the first gpu miner.

The only real obstacle was the groestl hash, it took a lot of work and luck to get past 180 KHs barrier.

minerapia

full member

Activity: 168

Merit: 100

Quote from: baritus on August 23, 2013, 08:43:14 PM

UPDATE: SRC will not be released within the previously announced timeframe.

Factors:
1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.
2. Testing is not yet 100% conclusive due to changes made to avoid profitability hopping pools.

Once these two have been addressed, I will update you again.

Even if you would add 6 more hash algos it would only be matter of time for the first gpu miner. And the dev of the miner would ofc ~~reap the benefits~~ collect some sort of paycheck from his/her work first before releasing it. Ever since opencl/cuda it hasnt been that hard to actually port work done on CPU to GPU.
And cpu only is as fair as gpu mining, or maybe even less. With GPU's you just need to visit a store to hoard massive hashrates, cpu 'only' algos just removes "go to store" part as you can buy computing time from clouds anyway.
big money = big hashrates

r32godzilla

hero member

Activity: 1361

Merit: 506

Quote from: baritus on August 23, 2013, 08:43:14 PM

UPDATE: SRC will not be released within the previously announced timeframe.

Factors:
1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.
2. Testing is not yet 100% conclusive due to changes made to avoid profitability hopping pools.

Once these two have been addressed, I will update you again.

Thanks for the update Baritus. Good idea. Otherwise not much point releasing it if its going to be smashed from day 1 by GPU miners. Hope you can come up with a good fair solution that keeps it CPU only.

baritus

legendary

Activity: 966

Merit: 1052

UPDATE: SRC will not be released within the previously announced timeframe.

Factors:
1. Claims of GPU miners already existing in the hands of a few. This would unbalance the economy and give people an unfair concentration of coins.
2. Testing is not yet 100% conclusive due to changes made to avoid profitability hopping pools.

Once these two have been addressed, I will update you again.

B.T.Coin

sr. member

Activity: 332

Merit: 250

Quote from: baritus on August 16, 2013, 03:11:26 PM

We're looking at one week as the best ETA.

There's a lot of testing that needs to be done on a few fronts.

One week has passed. Any updates?

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: gigawatt on August 15, 2013, 01:27:15 PM

Quote from: 6strings on August 15, 2013, 12:38:42 PM

Quote from: cryptohunter on August 13, 2013, 03:56:02 PM

Exactly. Im an amateur when it comes to linux but guides like that make a huge difference and have given me lots of success with coins like YAC, XPM and even QRK.

Keeping my eye on this coin as well. Got a good feeling about this one.

I'll post a guide when SRC is released. You can count on it. Wink

Gigawatt is actually very helpful to a lot of people, i think if he puts the address of the new coin in his sig people should donate a bit if he helps them. Not everyone have prime and bitcoins, but say quarks or whatever new coin he makes a install prog for then people should give a few blocks for his help, because without him you may not be able to mine coins

A L I E N

legendary

Activity: 1358

Merit: 1000

Quote from: cryptrol on August 20, 2013, 08:24:16 AM

Quote from: smolen on August 20, 2013, 07:47:52 AM

Quote from: paulthetafy on August 20, 2013, 07:44:42 AM

I'm not sure I'm following - is there a GPU miner for quarkcoin?

Almost done, 1.2MHs on 6770, still plenty of room for optimization. Not sure that I will release it, SRC coin is approaching

So unless the algorithm is changed it appears baritus will have two gpu coins..

cryptrol

hero member

Activity: 637

Merit: 500

Quote from: smolen on August 20, 2013, 07:47:52 AM

Quote from: paulthetafy on August 20, 2013, 07:44:42 AM

I'm not sure I'm following - is there a GPU miner for quarkcoin?

Almost done, 1.2MHs on 6770, still plenty of room for optimization. Not sure that I will release it, SRC coin is approaching

baritus

legendary

Activity: 966

Merit: 1052

We're looking at one week as the best ETA.

There's a lot of testing that needs to be done on a few fronts.

DannyDisco

sr. member

Activity: 322

Merit: 250

Definitely looking forward to this! Any update on the release date?

gigawatt

full member

Activity: 168

Merit: 100

Quote from: 6strings on August 15, 2013, 12:38:42 PM

Quote from: cryptohunter on August 13, 2013, 03:56:02 PM

Exactly. Im an amateur when it comes to linux but guides like that make a huge difference and have given me lots of success with coins like YAC, XPM and even QRK.

Keeping my eye on this coin as well. Got a good feeling about this one.

I'll post a guide when SRC is released. You can count on it. Wink

6strings

sr. member

Activity: 441

Merit: 250

Quote from: cryptohunter on August 13, 2013, 03:56:02 PM

Quote from: balanghai on August 13, 2013, 06:38:14 AM

Hopefully botnets cannot kick the difficulty away from milkyway!

Well, i dont think they can be stopped? it seems vps clusters are the real pest to normal folks getting a fair chance at mining.

Then again if someone wrote an automated linux install bash script for it like one guy on here did from primecoin then even newbies and those that don't know linux can have the option of investing in vps nodes to grab some coins.

Exactly. Im an amateur when it comes to linux but guides like that make a huge difference and have given me lots of success with coins like YAC, XPM and even QRK.

Keeping my eye on this coin as well. Got a good feeling about this one.

gigawatt

full member

Activity: 168

Merit: 100

Not going to let this thread die.

Any updates?

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: balanghai on August 13, 2013, 06:38:14 AM

Hopefully botnets cannot kick the difficulty away from milkyway!

Well, i dont think they can be stopped? it seems vps clusters are the real pest to normal folks getting a fair chance at mining.

Then again if someone wrote an automated linux install bash script for it like one guy on here did from primecoin then even newbies and those that don't know linux can have the option of investing in vps nodes to grab some coins.

baritus

legendary

Activity: 966

Merit: 1052

Quote from: muddafudda on August 13, 2013, 06:41:52 AM

Coin number........3. How about the bank??

Again, it's 2. I did not make ARG.

aTriz

hero member

Activity: 1232

Merit: 683

Tontogether | Save Smart & Win Big

He posted about the bank in the other thread...he should have a preview of the bank within a few days.

muddafudda

legendary

Activity: 1008

Merit: 1022

Coin number........3. How about the bank??

balanghai

sr. member

Activity: 364

Merit: 253

Hopefully botnets cannot kick the difficulty away from milkyway!

testz

legendary

Activity: 1764

Merit: 1018

And please try to launch it better then NeoCoin

https://bitcointalk.org/index.php?topic=270712.260

Topic: [ANN][SRC] Securecoin | A Fast and Secure Version of Bitcoin | 2013 - page 65. (Read 195580 times)