[ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 65.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: unvoid on May 07, 2017, 08:28:16 AM

Quote from: Evil-Knievel on May 06, 2017, 03:34:41 PM

Tomorrow I will show how to mine a Bitcoin block using Elastic Wink

People were asking for a real use case, so I thought this might be real enough.
A task for a long night, but I hope when I turn on the coffee machine tomorrow morning (or afternoon) I will be done with an example that everyone can run locally.

Please don't do that. We all (?) know that Elastic can't be used to mine BTC. It's not 2009. Even alts for Elastic will be a big problem. This will only show weaknesses of Elastic, nothing more. We should say firmly to everyone that Elastic can't be used to mine BTC. We are building false conviction here. Please @EK, focus on serious things.

As a first little showcase, why not. The real "killer-app" will be scientific uses cases.

PGPpfKkx

hero member

Activity: 586

Merit: 501

How about some participation in BOINC projects like gridcoin? would that be a use case?
How about meterological data? Or is anyone into simulation?

unvoid

hero member

Activity: 535

Merit: 500

Quote from: Evil-Knievel on May 06, 2017, 03:34:41 PM

Tomorrow I will show how to mine a Bitcoin block using Elastic Wink

People were asking for a real use case, so I thought this might be real enough.
A task for a long night, but I hope when I turn on the coffee machine tomorrow morning (or afternoon) I will be done with an example that everyone can run locally.

Please don't do that. We all (?) know that Elastic can't be used to mine BTC. It's not 2009. Even alts for Elastic will be a big problem. This will only show weaknesses of Elastic, nothing more. We should say firmly to everyone that Elastic can't be used to mine BTC. We are building false conviction here. Please @EK, focus on serious things.

unvoid

hero member

Activity: 535

Merit: 500

Quote from: Bgjjj2016 on May 07, 2017, 07:39:23 AM

Quote from: josegines on May 07, 2017, 06:23:12 AM

Quote from: Soul_eater_123 on May 07, 2017, 04:55:40 AM

More people would vote if there were a simpler way to do it. Right now it takes too much effort for the average user to bother.

With Electrum is very simple. I do not know with other wallet. But voting is a very good test field for all those who are not familiar with signing messages with the private key, since in order to redeem the XELs it will be necessary to do the same operation.

Here we have a fantastic community, ask your doubts that there are people very eager to contribute. If you do not know it, the blog also has much more information than here.

https://talk.elasticexplorer.org/latest

Could you tell me how to sign a message using electrum ? Thank you !

Here you have some info about Electrum: https://talk.elasticexplorer.org/t/elasticracy-stress/198/11

unvoid

hero member

Activity: 535

Merit: 500

Quote from: Alondre on May 07, 2017, 05:14:11 AM

Quote from: unvoid on May 07, 2017, 04:53:04 AM

Only 28% coins are active by now. The rest:

1. Didn't vote yet.
2. Don't know how to vote.
3. Don't want to involve, just waits for mainnet.
4. Already forgot about this project.
5. Lost thier private key.

Source: http://elasticracy.elasticexplorer.org/addresses

About 50% at the moment.

Your math is quite wrong. 31,4M = 31,4% of 100M

Bgjjj2016

sr. member

Activity: 448

Merit: 250

Ben2016

Quote from: josegines on May 07, 2017, 06:23:12 AM

Quote from: Soul_eater_123 on May 07, 2017, 04:55:40 AM

More people would vote if there were a simpler way to do it. Right now it takes too much effort for the average user to bother.

With Electrum is very simple. I do not know with other wallet. But voting is a very good test field for all those who are not familiar with signing messages with the private key, since in order to redeem the XELs it will be necessary to do the same operation.

Here we have a fantastic community, ask your doubts that there are people very eager to contribute. If you do not know it, the blog also has much more information than here.

https://talk.elasticexplorer.org/latest

Could you tell me how to sign a message using electrum ? Thank you !

PGPpfKkx

hero member

Activity: 586

Merit: 501

Quote from: unvoid on May 07, 2017, 04:53:04 AM

Only 28% coins are active by now. The rest:

1. Didn't vote yet.
2. Don't know how to vote.
3. Don't want to involve, just waits for mainnet.
4. Already forgot about this project.
5. Lost thier private key.

Source: http://elasticracy.elasticexplorer.org/addresses

I'm very active and didn't vote. Don't make assumptions that don't hold scientifically Grin

I just don't find the logo important so I let others chose and be happy

josegines

hero member

Activity: 826

Merit: 532

Quote from: Soul_eater_123 on May 07, 2017, 04:55:40 AM

More people would vote if there were a simpler way to do it. Right now it takes too much effort for the average user to bother.

With Electrum is very simple. I do not know with other wallet. But voting is a very good test field for all those who are not familiar with signing messages with the private key, since in order to redeem the XELs it will be necessary to do the same operation.

Here we have a fantastic community, ask your doubts that there are people very eager to contribute. If you do not know it, the blog also has much more information than here.

https://talk.elasticexplorer.org/latest

josegines

hero member

Activity: 826

Merit: 532

Quote from: valvalis on May 07, 2017, 05:51:09 AM

Teach how to vote?

https://talk.elasticexplorer.org/t/elasticracy-stress/198/14

Bgjjj2016

sr. member

Activity: 448

Merit: 250

Ben2016

Quote from: unvoid on May 07, 2017, 05:00:42 AM

We will be know more once mainnet will be alive. AFAIK @EK implemented console info about how many coins were redeemed by now.

Coins redeemed ? How ?

valvalis

hero member

Activity: 784

Merit: 500

DeFixy.com - The future of Decentralization

Quote from: unvoid on May 07, 2017, 04:53:04 AM

Only 28% coins are active by now. The rest:

1. Didn't vote yet.
2. Don't know how to vote.
3. Don't want to involve, just waits for mainnet.
4. Already forgot about this project.
5. Lost thier private key.

Source: http://elasticracy.elasticexplorer.org/addresses

Teach how to vote?

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: P E K K A on May 07, 2017, 05:15:53 AM

helo,
do you have any bounty campaign ?
maybe translation bounty,
if yes, i would like to reserve indonesian translation Smiley

thank you

No.

P E K K A

sr. member

Activity: 490

Merit: 250

helo,
do you have any bounty campaign ?
maybe translation bounty,
if yes, i would like to reserve indonesian translation Smiley

thank you

Alondre

hero member

Activity: 714

Merit: 510

Quiero mi bocadillo

Quote from: unvoid on May 07, 2017, 04:53:04 AM

Only 28% coins are active by now. The rest:

1. Didn't vote yet.
2. Don't know how to vote.
3. Don't want to involve, just waits for mainnet.
4. Already forgot about this project.
5. Lost thier private key.

Source: http://elasticracy.elasticexplorer.org/addresses

About 50% at the moment.

unvoid

hero member

Activity: 535

Merit: 500

We will be know more once mainnet will be alive. AFAIK @EK implemented console info about how many coins were redeemed by now.

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: unvoid on May 07, 2017, 04:53:04 AM

Only 28% coins are active by now. The rest:

1. Didn't vote yet.
2. Don't know how to vote.
3. Don't want to involve, just waits for mainnet.
4. Already forgot about this project.
5. Lost thier private key.

Source: http://elasticracy.elasticexplorer.org/addresses

More people would vote if there were a simpler way to do it. Right now it takes too much effort for the average user to bother.

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: Alondre on May 07, 2017, 04:32:49 AM

I am thinking of the following equation. If XEL got enough computing power, to be able to mine btcs. Getting it to be more efficient than the current miners, reducing costs. We could be facing a new paradigm, in the mining of btc. Or I'm just daydreaming.

It would have to be to mine a coin that is not ASIC mineable yet - i.e. one that is still cost effective with CPUs or GPUs. I believe the idea of EK is to prove the concept with BTC mining, it is symbolic.

unvoid

hero member

Activity: 535

Merit: 500

Only 28% coins are active by now. The rest:

1. Didn't vote yet.
2. Don't know how to vote.
3. Don't want to involve, just waits for mainnet.
4. Already forgot about this project.
5. Lost thier private key.

Source: http://elasticracy.elasticexplorer.org/addresses

Alondre

hero member

Activity: 714

Merit: 510

Quiero mi bocadillo

Quote from: ImI on May 07, 2017, 04:41:04 AM

Quote from: Alondre on May 07, 2017, 04:32:49 AM

I am thinking of the following equation. If XEL got enough computing power, to be able to mine btcs. Getting it to be more efficient than the current miners, reducing costs. We could be facing a new paradigm, in the mining of btc. Or I'm just daydreaming.

I think you are. A usual CPU or GPU can never be as energy-efficient as an ASIC, so mining BTC with the Elastic-network won't make much sense as the energy your CPU/GPU is consuming will be more expensive then what the mining will yield.

Thank you for putting my feet on the ground Angry

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: Alondre on May 07, 2017, 04:32:49 AM

I am thinking of the following equation. If XEL got enough computing power, to be able to mine btcs. Getting it to be more efficient than the current miners, reducing costs. We could be facing a new paradigm, in the mining of btc. Or I'm just daydreaming.

I think you are. A usual CPU or GPU can never be as energy-efficient as an ASIC, so mining BTC with the Elastic-network won't make much sense as the energy your CPU/GPU is consuming will be more expensive then what the mining will yield.

Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 65. (Read 450520 times)