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Topic: AURORACOIN - Empowering Financial Freedom - page 67. (Read 138034 times)

newbie
Activity: 9
Merit: 0
January 13, 2016, 11:36:49 AM
...
That being said - another helper joined the effort - an icelandic guy (will let him introduce himself) wanting to help with boards - translation - exchange testing and so on.  He join the newly arrived webdev (actually working on AUR websites) and myself into the '' AUR freshblood'' group Tongue.

Doors are wide open - as I stated on my new year wishes - we need an ARMY of volunteers.
...

New icelandic guy reporting Smiley long time lurker, but eager to see this prosper. I look forward to being part of this marathon, and believe this can become what it was meant to be, given enough energy and time.

I hope I can be of use, and maybe lay my own marks on this adventure Smiley


Larus, a.k.a. Polarbear (Isbjorninn on this forum)
hero member
Activity: 741
Merit: 500
January 13, 2016, 09:26:39 AM
Well the point Dinobotta made is it may be truth (great) or not (change little) - no money or trust involved.  Still, it's not good promotion to take zero pic of such event - if real Smiley.  Each time AUR is out there, we should share. 

That being said - another helper joined the effort - an icelandic guy (will let him introduce himself) wanting to help with boards - translation - exchange testing and so on.  He join the newly arrived webdev (actually working on AUR websites) and myself into the '' AUR freshblood'' group Tongue.

Doors are wide open - as I stated on my new year wishes - we need an ARMY of volunteers.

I know some of you guys are on twitter, FB, Linkdit etc.

If you don't have much time to invest - you can still help with these channels (prepare the ground for the big splash coming).  I can provide you guys some tips - and stuff you can do that would contribute without having to spend to much time on it.  Just PM me - I will help you grow your own channels - and doing so AUR channels.

Let's rock this out !
full member
Activity: 131
Merit: 100
January 13, 2016, 06:47:33 AM
Adamastor - do you have some pictures from your south african auroracoin stand?  Thanks !

i dont but i've got pics of me at the event doing non aurora related stuff.

so no photos but a big mailing list
I ask myself, how such a thing is possible that you don't have any proof of facts, knowing that the guys here invested trust and money in your little enterprise?

Don't blow this out of proportion, not as if Adamastor was not on any official business.

No serious trust or money invested.

On the other hand it's great that he on his own initiative started promoting Auroracoin because he believes in this project.
Where is the reasonable proof that what he claims is true. Do you have any?
full member
Activity: 248
Merit: 100
January 13, 2016, 06:12:15 AM
Adamastor - do you have some pictures from your south african auroracoin stand?  Thanks !

i dont but i've got pics of me at the event doing non aurora related stuff.

so no photos but a big mailing list
I ask myself, how such a thing is possible that you don't have any proof of facts, knowing that the guys here invested trust and money in your little enterprise?

Don't blow this out of proportion, not as if Adamastor was not on any official business.

No serious trust or money invested.

On the other hand it's great that he on his own initiative started promoting Auroracoin because he believes in this project.
full member
Activity: 131
Merit: 100
January 12, 2016, 08:01:15 AM
Adamastor - do you have some pictures from your south african auroracoin stand?  Thanks !

i dont but i've got pics of me at the event doing non aurora related stuff.

so no photos but a big mailing list
I ask myself, how such a thing is possible that you don't have any proof of facts, knowing that the guys here invested trust and money in your little enterprise?
sr. member
Activity: 403
Merit: 250
January 12, 2016, 06:46:34 AM
Adamastor - do you have some pictures from your south african auroracoin stand?  Thanks !

i dont but i've got pics of me at the event doing non aurora related stuff.

so no photos but a big mailing list
full member
Activity: 131
Merit: 100
January 09, 2016, 08:49:54 AM



has a crypto currency ever succesfully swithced from scrypt to sha 256?

Not in this day in age, I don't think.  You would have to hard code a starting difficulty to mitigate the initial hashrate increase.  Even then, you're playing a guessing game on how many hashes would swing over and possibly stall the chain.  There are better options out there though, rather than just going straight to SHA.  Rocanonz mentioned one of them.  But like I said... we discussed almost all of our available options, and we're working towards a few of them right now.

-Fuse

whaT options are available?

rocanonz?

[/quote]

One of the available options to secure a blockchain with POW is multi-algorithm mining. Like it's the case with DigiByte.
There are some other good options but I didn't do any research on them. And there are some best options to secure the a blockchain, in early stage of development or not invented yet Cheesy
In any case I believe the DEV's will take a good decision, regarding the AUR blockchain mining algorithm.
hero member
Activity: 741
Merit: 500
January 09, 2016, 08:15:29 AM
Adamastor - do you have some pictures from your south african auroracoin stand?  Thanks !
sr. member
Activity: 403
Merit: 250
January 09, 2016, 04:13:14 AM



has a crypto currency ever succesfully swithced from scrypt to sha 256?

Not in this day in age, I don't think.  You would have to hard code a starting difficulty to mitigate the initial hashrate increase.  Even then, you're playing a guessing game on how many hashes would swing over and possibly stall the chain.  There are better options out there though, rather than just going straight to SHA.  Rocanonz mentioned one of them.  But like I said... we discussed almost all of our available options, and we're working towards a few of them right now.

-Fuse
[/quote]

whaT options are available?

rocanonz?
legendary
Activity: 1582
Merit: 1002
HODL for life.
January 08, 2016, 05:40:17 PM
A botnet might not be suitable.

Let's run some (very rought) numbers:

Network hashrate is around 4-5GH.

Rough calculations say you need about 16 MHash/s to find a block a day on average.

That's roughly 1600 machines if you're CPU-mining (assuming 10 kHash/s per machine) or maybe 50 machines if you have decent GPUs in them. Those GPUs will consume around 10 kW, so that'll net your school district around 240 kwH per day (with European electricity prices, we're looking at roughly €50 per day (for 12.5 AUR worth about 0.5 €).

Maybe better get one of these:



4 of those cubes with a controller and stuff would set you back something like 2-3000€, but would have 20 times the hashrate (300MHash/s) of the botnet described above. So that thing would net you roughly 250 AUR/day (worth 10 €) consuming €5 in power (with the assumptions from above)

We can deduce from these (thought and practical) experiments: mining AUR is a very competitive industry.


I was mostly joking, but I could tell you that I have domain admin rights to around 600 student desktop computers which aren't used at night.  Half of those are in graphics arts labs, each with dedicated video cards.  I'd be in and out before they got the power bill, and even then, they wouldn't know what caused the spike.  Not that it's possible, but if there was a way to mine on a Chromebook without tipping anyone off on what was going on, I could push a miner to around 10k Chromebooks.

I manage both domains, so it wouldn't be difficult.  And worst case scenario, I could just claim plausible deniability or say it was some kind of virus.  The upper administration here doesn't even know how to use excel.  You could tell them that the reason their wireless keyboard doesn't work is because their CPU died, and they would think it's totally plausible.  Gotta love the California public education system.  All in all though, it's something I've debated with some coworkers before... at least when scrypt asics were just coming out.  Now though, it would just be a test in theoretical possibilities.

The titan is a great machine, but even the ones being sold are being listed with bad dies.  I've read a lot about the failure rate on them over the last few months as well... it's not something I would want to purchase used.  That's like a ticking timebomb of profit loss.  But even if you did buy it used, still, that's $3k, and then at least for me, something to the tune of $300-400 in power every month.  California has a tiered rate system that puts you up into a $0.36kw/hr rate if you run, what seems like, more than a fan and a lightbulb in your house.  Even with the bitlicense issues in New York, I'm going to be happy to move back there in 2017.  Flat rate $0.11-0.12 where I'll be, so I can turn my 20mh in scrypt gear back on.


has a crypto currency ever succesfully swithced from scrypt to sha 256?

Not in this day in age, I don't think.  You would have to hard code a starting difficulty to mitigate the initial hashrate increase.  Even then, you're playing a guessing game on how many hashes would swing over and possibly stall the chain.  There are better options out there though, rather than just going straight to SHA.  Rocanonz mentioned one of them.  But like I said... we discussed almost all of our available options, and we're working towards a few of them right now.

-Fuse
donator
Activity: 2772
Merit: 1019
January 08, 2016, 05:09:34 PM


Muahahahaaaa

(having some fun, hadn't mined in a while)

Nice!  Makes me want to botnet the school district I work for! lol

-Fuse

A botnet might not be suitable.

Let's run some (very rought) numbers:

Network hashrate is around 4-5GH.

Rough calculations say you need about 16 MHash/s to find a block a day on average.

That's roughly 1600 machines if you're CPU-mining (assuming 10 kHash/s per machine) or maybe 50 machines if you have decent GPUs in them. Those GPUs will consume around 10 kW, so that'll net your school district around 240 kwH per day (with European electricity prices, we're looking at roughly €50 per day (for 12.5 AUR worth about 0.5 €).

Maybe better get one of these:



4 of those cubes with a controller and stuff would set you back something like 2-3000€, but would have 20 times the hashrate (300MHash/s) of the botnet described above. So that thing would net you roughly 250 AUR/day (worth 10 €) consuming €5 in power (with the assumptions from above)

We can deduce from these (thought and practical) experiments: mining AUR is a very competitive industry.
sr. member
Activity: 403
Merit: 250
January 08, 2016, 05:01:27 PM
in other news: the south african rand to bitcoin trade was the 4th most profitable currency trade in 2015.

http://www.zerohedge.com/news/2016-01-07/its-official-bitcoin-was-top-performing-currency-2015

sr. member
Activity: 403
Merit: 250
January 08, 2016, 04:51:32 PM
has a crypto currency ever succesfully swithced from scrypt to sha 256?

assume sha 256 miners become so effecient that budget miners like yourself could afford to buy and the chances of auroracoin switching to sha 256 approached absolute.  auroracoins price would dramatically increase in a switch.

would current miners of auroracoin lose out in a switch?

yes in terms of mining share but no in terms of the increase in value of their currency holdings and no if they could  buy technology at cheaper prices in the future.


without the government being involoved, what about the massive mining potential in iceland thats being spent on bitcoin and not auroracoin. surely these miners should be the backbone of the currency, even if scrypt miners lost market share to them.
legendary
Activity: 1582
Merit: 1002
HODL for life.
January 08, 2016, 04:16:56 PM


Muahahahaaaa

(having some fun, hadn't mined in a while)

Nice!  Makes me want to botnet the school district I work for! lol

-Fuse
donator
Activity: 2772
Merit: 1019
January 08, 2016, 04:10:47 PM


Muahahahaaaa

(having some fun, hadn't mined in a while)
donator
Activity: 2772
Merit: 1019
January 08, 2016, 11:38:38 AM
With regards to the scrypt gear,...

Thanks for those explanations. I understand the reasoning. There's certainly something to it and it could become a problem.
legendary
Activity: 1582
Merit: 1002
HODL for life.
January 08, 2016, 11:27:10 AM
Personally I would love to be able to "give the power back to the people" by using a GPU/Asic-Resistant algo. But smarter people than I have failed at that. Again: Auroracoin is not about technology for me. Of course it would be quite good for Auroracoin because the more it is "just about the energy consumption", the better for the population of Iceland (because they have low electricity cost, right?). It just seems to me other things are way more important at this time.

imo we're good with scrypt at this point.

I don't quite understand the talk about shortage of scrypt gear... that's a problem affecting everyone, right? So it doesn't really matter. Maybe someone can explain this to me.

Also: there are markets for that: https://www.nicehash.com/. You can competitively rent hashrate there. I used to do that back when when Auroracoin used to get stuck to find a block and kick it off agian. I think all in all I might've even netted a small profit on that action, or at least only a small loss. I had initially expected to run quite a loss on such an idea, but it wasn't the case.

I agree that there are more important things to focus on at this time.  We're looking at a lot of those other things concurrently.

With regards to the scrypt gear, I think the big issue is there isn't a continuation of producing mining gear for scrypt.  Yes, there are sites where you can rent hashes.  Yes, there are places where you can mine with one algo and get paid in a coin that uses another.  However, where is the control of power at that point?  It's in the hands of the equipment holders.  While you're case might be shining light for some would-be cloud miners, I think it's more atypical.  If you don't have other mining equipment feeding the BTC costs of the rented hashes, the money either comes out of pocket or out of mining revenue.  It's a wash, or in most cases a loss, for most people.  At that point it would be easier to just buy AUR.

The other major issue with scrypt gear out there is what is available is used, loosing dies, and inefficient.  There is no new gear.  There isn't the constant progression of mining gear that makes things continually more secure like you have with SHA or even GPU/CPU mining.  Basically we're stuck at what I would call the maximum total available hashes.  We aren't increasing available hashes, but altcoins are still being created.  So the hashes get spread thinner and thinner... jumping between the profit of the day coin.  Even if you could find a decent amount of gear to dedicate to AUR, you're looking at very polar opposites in terms of what's available.  You either have Gridseed-based units or Titans.  There isn't a lot in between.  Titans are still selling for $3k in the forums, so that's out of the question for budget miners like myself.  The Gridseed-based miners are a cheaper option, but getting old.  And people beat the hell out of them- removing fans, doing wonky voltage mods, etc.

All that being said, I love scrypt.  I just wish they continued producing miners that were more and more efficient.

What about the massive sha mines already in Iceland.

These mines could mine auroracoin and the icelandic government would then be incentivised to adopt auroracoin and invest national resources to the mining of auroracoin thereby kickstarting mass adoption in iceland.

I think keeping the government out of the financial affairs of it's citizens is where we're trying to go.  The team members from Iceland can speak better to this, but I think the Icelandic people have been pretty straight forward when it comes to what they think of government finance  Wink

Adoption is the key, but if you take Gulden(yes I said it) as an example of public adoption, you don't need the government to do it.

-Fuse
sr. member
Activity: 403
Merit: 250
January 08, 2016, 05:37:57 AM
Surely Switching To A Sha 256 algorithm would help secure the auroracoin block chain?

Actually, far from it.  There is way too much SHA gear out there to simply flip a switch and go SHA without more adoption in Iceland.  That would put us in a far worse place security wise than we are now.  All it would take is one split second of AUR being more profitable than BTC to swing some huge Chinese mega farm onto the chain, ramping up the difficulty, and then dropping off, leaving us stalled for days or even weeks at that point.  We would essentially have to invalidated blocks on the chain to reverse the effects at that point.

Remember, reliability and security are the key.  We are trying to stay away from implementing anything that would open us up to attacks or stalls.

-Fuse

What about the massive sha mines already in Iceland.

These mines could mine auroracoin and the icelandic government would then be incentivised to adopt auroracoin and invest national resources to the mining of auroracoin thereby kickstarting mass adoption in iceland.
donator
Activity: 2772
Merit: 1019
January 08, 2016, 02:17:30 AM
Surely Switching To A Sha 256 algorithm would help secure the auroracoin block chain?

Actually, far from it.  There is way too much SHA gear out there to simply flip a switch and go SHA without more adoption in Iceland.  That would put us in a far worse place security wise than we are now.  All it would take is one split second of AUR being more profitable than BTC to swing some huge Chinese mega farm onto the chain, ramping up the difficulty, and then dropping off, leaving us stalled for days or even weeks at that point.  We would essentially have to invalidated blocks on the chain to reverse the effects at that point. EDIT: if the dev are planning something: cool!

Remember, reliability and security are the key.  We are trying to stay away from implementing anything that would open us up to attacks or stalls.

-Fuse

Personally I would love to be able to "give the power back to the people" by using a GPU/Asic-Resistant algo. But smarter people than I have failed at that. Again: Auroracoin is not about technology for me. Of course it would be quite good for Auroracoin because the more it is "just about the energy consumption", the better for the population of Iceland (because they have low electricity cost, right?). It just seems to me other things are way more important at this time.

imo we're good with scrypt at this point.

I don't quite understand the talk about shortage of scrypt gear... that's a problem affecting everyone, right? So it doesn't really matter. Maybe someone can explain this to me.

Also: there are markets for that: https://www.nicehash.com/. You can competitively rent hashrate there. I used to do that back when when Auroracoin used to get stuck to find a block and kick it off agian. I think all in all I might've even netted a small profit on that action, or at least only a small loss. I had initially expected to run quite a loss on such an idea, but it wasn't the case.
legendary
Activity: 1582
Merit: 1002
HODL for life.
January 07, 2016, 07:02:11 PM
Is a multi-algorithm solution more secure, more stable and more democratic?

It is.  However, there are a lot of viable options out there on how to do this.  It's just a matter of evaluating, implementing, and testing the various options.

Don't worry, we'll keep the community in the loop when we're ready to release more info on what we've been working on.  Not like we're trying to be super-secretive, but we'd rather not oversell development before it's ready.

I've already said too much... crap, they're coming for me now  Grin

-Fuse
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