That is good. More information.
Crowdfund for open-sourcing tromp’s solvers / funding Cuckoo Cycle
...
Well yeah, that was the plan. But then
https://forum.z.cash/t/crowdfund-for-open-sourcing-tromps-solvers-funding-cuckoo-cycle/2465/76?u=tromp
Topic: Community Call for Claymore Zcash GPU Miner Development - page 7. (Read 22720 times)
That is good. More information.
Crowdfund for open-sourcing tromp’s solvers / funding Cuckoo Cycle
...
Well yeah, that was the plan. But then
https://forum.z.cash/t/crowdfund-for-open-sourcing-tromps-solvers-funding-cuckoo-cycle/2465/76?u=tromp
That is good. More information.
Crowdfund for open-sourcing tromp’s solvers / funding Cuckoo Cycle
https://forum.z.cash/t/crowdfund-for-open-sourcing-tromps-solvers-funding-cuckoo-cycle/2465
"I'm happy to open source my solvers in exchange for a 20% community contribution to the Cuckoo Cycle Bounty Fund, which will offer up to 100 BTC in bounties for disproving my claims of the Cuckoo Cycle proof-of-work being optimization free. See
https://github.com/tromp/cuckoo137
for details on the existing bounties. The remaining 80BTC, if claimed, will be at my personal expense. The fund allows for significantly raising the reward for a performance doubling from the current $500 to a much more enticing 10BTC, and will scale with the 2-logarithm of the actual improvement, so that a 1024x speedup (or memory reduction) can claim the maximum 10*10BTC payout.
The bounties would be guaranteed for at least 4 years, plenty of time to encourage some serious attacks on Cuckoo Cycle.
While you're all no doubt keen on supporting advances in crypto-currency research, you may also be curious to see some well optimized Equihash solvers, to which end I offer the following in return.
On a 4Ghz Intel Core i7, one of my CPU solvers reaches 2 Sol/s single-threaded, 4.3 Sol/s 4-threaded, and 6.7 Sol/s 8-threaded, while another solver reaches 5.14 Sol/GBs single threaded for peak memory.
On an Nvidia GTX980, my CUDA solver reaches 17.6 Sol/s.
Open sourcing these solvers will take place if donations reach 20 BTC by noon Oct 14 (with a possible one day extension if the goal looks within reach at that time). If the goal is not met then donations will be returned (unless you're happy to unconditionally support Cuckoo Cycle bounties).
There are multiple ways to make donations. The escrow options are detailed in cryptogoth's companion post at
Crowdfund contract for open sourcing GPU miners
Later tonight, I'll be uploading a contract to Ethereum mainnet to raise 20 BTC for open sourcing John Tromp's GPU miner, with a deadline of 14 October 2016 (in less than four days) at 12noon EDT (16:00 UTC). I'll do a test run through several accounts I own and any volunteers who happen to be awake, then I'll post the annotated transcript from the blockchain to explain how the contract works. The contract will accept contributions in ETH, and OgNasty will accept contributions in BTC. Both w…
while those who trust me with their donations can contribute directly to
the Cuckoo Cycle Bounty Fund bitcoin address
1CnrpdKtfF3oAZmshyVC1EsRUa25nDuBvN"
The biggest reason to release a new coin is simple... MONEY!
This coin has a lot of support so far, but how that will translate to the market has yet to be seen and I hope it will grow huge and become a good coin to mine. Mining is getting bad as far as profits are concerned, market prices are doing nothing to offset all this incredible growth by gpu farms.
I don't know if new money will come in to buy up this coin as it is being mined or if the money will come from eth holders and such to get in on this new hyped coin. If the later then it will do nothing to help our profits
This coin has a lot of support so far, but how that will translate to the market has yet to be seen and I hope it will grow huge and become a good coin to mine. Mining is getting bad as far as profits are concerned, market prices are doing nothing to offset all this incredible growth by gpu farms.
I don't know if new money will come in to buy up this coin as it is being mined or if the money will come from eth holders and such to get in on this new hyped coin. If the later then it will do nothing to help our profits
I don't really understand why we need another coin. I know that Zcash offers anonymous transactions, but DASH already does that, and I'm sure there are others out there that do too.
I also understand that decentralization is a big issue - When I first heard of Zcash I was reading that it was to be designed so that it would be mostly CPU mining, so anyone could mine it - but we are already seeing the race for a GPU miner and this coin isn't even out of it's testnet! That means that as someone already said, the beneficiaries of this coin will be it's developers, mining pools, etc. So we end up (again) with some very large mining pools and some cloud mining operations being the largest nodes on the network, and really centralizing it right?
I guess "currency competition" is supposed to be a good thing but when you have a situation where there are hundreds of different coins out there - what makes people want to design a new one? Do they truly think they can do better than what already exists or are they just cynically launching something that they know plenty of miners will try so it can be "pumped and dumped" and then disappear down to the bottom of the list on coinmarketcap.com?
I honestly hope that Zcash is great and it succeeds, etc - but I just wanted to be devil's advocate and ask the questions above.
I also understand that decentralization is a big issue - When I first heard of Zcash I was reading that it was to be designed so that it would be mostly CPU mining, so anyone could mine it - but we are already seeing the race for a GPU miner and this coin isn't even out of it's testnet! That means that as someone already said, the beneficiaries of this coin will be it's developers, mining pools, etc. So we end up (again) with some very large mining pools and some cloud mining operations being the largest nodes on the network, and really centralizing it right?
I guess "currency competition" is supposed to be a good thing but when you have a situation where there are hundreds of different coins out there - what makes people want to design a new one? Do they truly think they can do better than what already exists or are they just cynically launching something that they know plenty of miners will try so it can be "pumped and dumped" and then disappear down to the bottom of the list on coinmarketcap.com?
I honestly hope that Zcash is great and it succeeds, etc - but I just wanted to be devil's advocate and ask the questions above.
The block reward is very little during launch, it will increase slowly, so there is no way you can make extra money by mining it early.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
not true, it depend on how much the pump will be big, if you accumulate early and you are then lucky and a big pump appear it will be pretty much like etheruem, and big profit will be made
it depend on the hype, there is a possibility to have a higher profitability than etheruem for a short time, like 1 month or two, like it happened with lbry
I would gladly pay a dev fee to have access to a gpu miner. The sooner the better.
You can still contribute to the crowd fund for open sourcing my solvers at
https://forum.z.cash/t/crowdfund-for-open-sourcing-tromps-solvers-funding-cuckoo-cycle/2465/29
Why aren't you joining the open source miner contest?
I would gladly pay a dev fee to have access to a gpu miner. The sooner the better.
You can still contribute to the crowd fund for open sourcing my solvers at
https://forum.z.cash/t/crowdfund-for-open-sourcing-tromps-solvers-funding-cuckoo-cycle/2465/29
You do realize that you have all aready been beated to the punch by Genesis Mining.
You can check the Genesis Mining website and see they already have a GPU miner, and it has already been optimized with a 300% increase. Not saying it is in FACT true but IF it is true, then they will be, and already are, set up to destroy everybody in terms of hashing power.
This mining launch will be very, very one sided to the big dogs.... as usual.
You can check the Genesis Mining website and see they already have a GPU miner, and it has already been optimized with a 300% increase. Not saying it is in FACT true but IF it is true, then they will be, and already are, set up to destroy everybody in terms of hashing power.
This mining launch will be very, very one sided to the big dogs.... as usual.
The block reward is very little during launch, it will increase slowly, so there is no way you can make extra money by mining it early.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
I am not confident the slow rise will go as published. Have seen time and time again where DIFF is gamed and the early blocks go much more quickly than anticipated. Being in position to mine early is where I'd like to be.
I would gladly pay a dev fee to have access to a gpu miner. The sooner the better.
The block reward is very little during launch, it will increase slowly, so there is no way you can make extra money by mining it early.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
and miners with very cheap electricity and miners with free electricity (advantageous situation or stolen).
The block reward is very little during launch, it will increase slowly, so there is no way you can make extra money by mining it early.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
After a month or so it will settle off and most likely profitability will equal to that of ETH.
Look at what happened with XMR and its difficulty. It double/tripled in price and within hours miners started shifting their rigs. Same thing happened with LBRY, same thing happned with SIA.
This coin won't make any miners any richer, all it will do is dampen ETH difficulty for a short while. The people that will benefit from ZCash are the founders, investors, miner developers, cloud mining operation, and pools.
You do realize that Zcash will bring more or less the exact same profitability as Ethereum does right now.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
If you mine the ZCash before other people do and the difficulty is very low, you can make more profit.
You do realize that Zcash will bring more or less the exact same profitability as Ethereum does right now.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
What are you basing that assessment on? It isn't even out yet... let alone listed on a market.
ETH will go POS eventually. ...
When the ETH or other ETC goes to PoS, the ZCash will in place of it and become the largest altcoin.
simplemining.net will support ZCASH when it will be ready !
You do realize that Zcash will bring more or less the exact same profitability as Ethereum does right now.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
What are you basing that assessment on? It isn't even out yet... let alone listed on a market.
ETH will go POS eventually. ...
You do realize that Zcash will bring more or less the exact same profitability as Ethereum does right now.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
Only good thing is if the market cap is large enough then ETH difficulty curve might slow down.
what about this zcash opencl miner?
https://github.com/slushpool/poclbm-zcash
https://github.com/slushpool/poclbm-zcash
The prize is $10000 for each miner and it has to be open source. Good luck getting Claymore involved... 
That amount of $10,000 is too low for Claymore. I believe that he earned hundreds of thousands from his miners.
There are countless people who will compete for the development, he's not the god of miners.
Don't recall raising Claymore to deity status, perhaps I was drunk and forgot about that post...
The fact is, he has done well with ETH and XMR miners. No reason to believe he wouldn't build a competitive / enhanced miner for equihash (Zcash) as well.
As of now, there are no publicly available GPU miners for this algo. So a 99% dev fee would be better than what is available..
What I'm basically saying is that he doesn't have to make his own miner for us to have an awesome miner to use. Wolf0 has done well with his sgminer-gm as well, maybe a little more difficult to set up, a little less pretty but it does the job, and by investing 10 minutes of your time you can save the 1% you pay Claymore. exactly the same hashrates on Hawaii chips and an higher hashrate on my Fury X.
I don't have anything against him, he does have great miners and I have used them in the past. but I personally don't think we should use someone's closed source miner and pay him 1% of our earnings.
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