[ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 122.

klintay

legendary

Activity: 1775

Merit: 1032

Value will be measured in sats

Quote from: cyberhacker on March 20, 2017, 02:45:11 AM

Quote from: Bgjjj2016 on March 20, 2017, 02:28:33 AM

Quote from: cyberhacker on March 20, 2017, 01:35:38 AM

How about we name the smallest unit as "Knievel" to salute EK? just like "satoshi"

Grin

Great idea ! Knievel Satoshi .

we do have a wechat group for xel.

i PMed you. cuz the group is full, have to invite you in personally.

Yeah add me to the wechat group too

Sent you a PM

Bgjjj2016

sr. member

Activity: 448

Merit: 250

Ben2016

Quote from: tiaozhanziwo on March 20, 2017, 11:19:46 PM

This item seems perfect.

Elastic is perfect because it has perfect devs.

tiaozhanziwo

sr. member

Activity: 392

Merit: 250

This item seems perfect.

Alondre

hero member

Activity: 714

Merit: 510

Quiero mi bocadillo

Quote from: Evil-Knievel on March 20, 2017, 05:03:33 PM

If someone shows me, that the following pseudocode algorithm (yes, it can be executed on a Turing machine) can be executed on the ethereum network in one go, I will personally tattoo his name on my back.

Code:

t="d"; for(int i=0;i<89945794410000/20 + 1; ++i) t=SHA3(t);

Beware of the promises you make .. there are times when we are wrong Grin

cryptoboy.architect

hero member

Activity: 513

Merit: 500

Quote from: Evil-Knievel on March 20, 2017, 05:03:33 PM

Quote from: coralreefer on March 20, 2017, 12:29:47 PM

Quote from: elelegzet on March 20, 2017, 10:12:23 AM

Quote from: clivemy on March 20, 2017, 10:04:39 AM

Can I ask how you know this? Do you know what other actions Elastic can perform?

General coding knowledge. It's turing complete, so any action is possible.

Wrong, ElasticPL is not Turing Complete

Exactly. Also, just as a reminder, Ethereum is not Turing complete as well ... no idea why people still claim it. I can easily write down an algorithm that can be represented by a Turing machine but definitely not be executed in the Ethereum network.

EDIT:

Assuming an SHA3 operation has gas costs of 20 szabo (read it in some tutorial) and we have a total ETH supply of 89945794410000 szabo.

If someone shows me, that the following pseudocode algorithm (yes, it can be executed on a Turing machine) can be executed on the ethereum network in one go, I will personally tattoo his name on my back.

Code:

t="d"; for(int i=0;i<89945794410000/20 + 1; ++i) t=SHA3(t);

Can you execute it in Elastic? It's a bit of a large number for the loop.

Evil-Knievel

legendary

Activity: 1260

Merit: 1168

Quote from: coralreefer on March 20, 2017, 12:29:47 PM

Quote from: elelegzet on March 20, 2017, 10:12:23 AM

Quote from: clivemy on March 20, 2017, 10:04:39 AM

Can I ask how you know this? Do you know what other actions Elastic can perform?

General coding knowledge. It's turing complete, so any action is possible.

Wrong, ElasticPL is not Turing Complete

Exactly. Also, just as a reminder, Ethereum is not Turing complete as well ... no idea why people still claim it. I can easily write down an algorithm that can be represented by a Turing machine but definitely not be executed in the Ethereum network.

EDIT:

Assuming an SHA3 operation has gas costs of 20 szabo (read it in some tutorial) and we have a total ETH supply of 89945794410000 szabo.

If someone shows me, that the following pseudocode algorithm (yes, it can be executed on a Turing machine) can be executed on the ethereum network in one go, I will personally tattoo his name on my back.

Code:

t="d"; for(int i=0;i<89945794410000/20 + 1; ++i) t=SHA3(t);

mr.coinzy

hero member

Activity: 500

Merit: 507

(Meanwhile in Golem land the cap is @~40 mill $ !! - great Hors d'oeuvres for future main dish xel Grin

)

coralreefer

sr. member

Activity: 464

Merit: 260

Quote from: elelegzet on March 20, 2017, 10:12:23 AM

Quote from: clivemy on March 20, 2017, 10:04:39 AM

Can I ask how you know this? Do you know what other actions Elastic can perform?

General coding knowledge. It's turing complete, so any action is possible.

Wrong, ElasticPL is not Turing Complete

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: clivemy on March 20, 2017, 10:04:39 AM

Can I ask how you know this? Do you know what other actions Elastic can perform?

It's pretty simple. It is no longer profitable to GPU or CPU mine bitcoins. With elastic you will be buying other people's computing power to carry out computations. Unless you can get it to integrate ASICs in some way then it would not be cost effective - that is unlikely to happen since ASICs only do one specific task and there would be little point.

elelegzet

hero member

Activity: 749

Merit: 501

🌟 COMSA ICO: 10/02/17 🌟

Quote from: clivemy on March 20, 2017, 10:04:39 AM

Can I ask how you know this? Do you know what other actions Elastic can perform?

General coding knowledge. It's turing complete, so any action is possible.

clivemy

full member

Activity: 190

Merit: 100

Quote from: elelegzet on March 20, 2017, 09:06:47 AM

Quote from: Bgjjj2016 on March 20, 2017, 06:38:35 AM

Could anyone tell me if Elastic platform can be used to mine Bitcoin,..... Yes or no , please explain.
Thank you!

Long story short: yes, but doesn't worth it (way too expansive).

Can I ask how you know this? Do you know what other actions Elastic can perform?

unvoid

hero member

Activity: 535

Merit: 500

elelegzet

hero member

Activity: 749

Merit: 501

🌟 COMSA ICO: 10/02/17 🌟

Quote from: Bgjjj2016 on March 20, 2017, 06:38:35 AM

Could anyone tell me if Elastic platform can be used to mine Bitcoin,..... Yes or no , please explain.
Thank you!

Long story short: yes, but doesn't worth it (way too expansive).

Bgjjj2016

sr. member

Activity: 448

Merit: 250

Ben2016

Could anyone tell me if Elastic platform can be used to mine Bitcoin,..... Yes or no , please explain.
Thank you!

haggis

hero member

Activity: 984

Merit: 1000

Quote from: Scrotum on March 20, 2017, 02:44:10 AM

Quote from: cyberhacker on March 20, 2017, 01:35:38 AM

How about we name the smallest unit as "Knievel" to salute EK? just like "satoshi"

Grin

I vote for just 'EK', don't want to confuse people. EK's sounds good too, easy to say.

EK = Elastic Knievel? Grin

Sounds good to me

mladen00

legendary

Activity: 2124

Merit: 1013

K-ing®

Hope EK will approve it

xtester

hero member

Activity: 840

Merit: 500

Risk taker & Black Swan farmer.

Quote from: cyberhacker on March 20, 2017, 01:35:38 AM

How about we name the smallest unit as "Knievel" to salute EK? just like "satoshi"

Indeed, "Knievel" seems pretty cool and quite appropriate given EK's work.

I'd say, in lack of an serious objections, we should move with it. Cool

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: Bgjjj2016 on March 20, 2017, 02:28:33 AM

Quote from: cyberhacker on March 20, 2017, 01:35:38 AM

How about we name the smallest unit as "Knievel" to salute EK? just like "satoshi"

Grin

Great idea ! Knievel Satoshi .

we do have a wechat group for xel.

i PMed you. cuz the group is full, have to invite you in personally.

Scrotum

member

Activity: 119

Merit: 11

Quote from: cyberhacker on March 20, 2017, 01:35:38 AM

How about we name the smallest unit as "Knievel" to salute EK? just like "satoshi"

Grin

I vote for just 'EK', don't want to confuse people. EK's sounds good too, easy to say.

Bgjjj2016

sr. member

Activity: 448

Merit: 250

Ben2016

Quote from: cyberhacker on March 20, 2017, 01:35:38 AM

How about we name the smallest unit as "Knievel" to salute EK? just like "satoshi"

Grin

Great idea ! Knievel Satoshi .

Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 122. (Read 450523 times)