Topic: delete - page 14. (Read 113446 times)

In all discussions of GPUs/ASICS/decentralization remember that in a year or two ASICS will be the price of GPUS and everybody will have a few in their garage/basement.

GPUs will be the CPUs, ASICS will be the GPUs and quantum computing will solve the hard crypto-algo problems and render it all a pile of dodo overnight.

Use of malicious negative trust to suppress free speech brings discredit to the bitcoin community

You shouldve add PoS to your coin to prevent 51 percent attack.

How many GPUs do you need to make solo mining of e.g. litecoin or DOGE worthwhile?

As everyone who has not enough tends to join a centralised pool.

So thousands of people who all have too few GPUs to feel solo mining to be worthwhile end up all flocking to a very few pools, often not even seeming to care that the pool they chose has dangerously high percentage of the hash power.

Do more GPU miners solo mine than ASIC miners who solo mine?

Maybe another way to compare would be how many litecoin p2pool nodes are there and how many bitcoin p2pool nodes are there?

-MarkM-

Reposting, hoping for a reply.

Understanding the actual issue with 51% attacks of PoW: The problem/solution is not "how much hash power the network has"...  But rather it is "how decentralized is the hash power".  Even if a network had 100 Th/s nethash.. if that's all controlled by 1 body/pool.. you are screwed anyways.  

So this has nothing to do with one algo or another, but rather how many independent solo mining operations are happening around the world that has adopted one protocol over another.  Bitcoins history itself was close at one point to having all the hash power centralized.  And through self moderation eliminated the risk.

The reason why people like GPU/and Scrypt (at least before these next round of ASICs is coming out) for the last year, is that it seemed harder to centralize Scrypt, than SHA256 ASIC farms.  Because of the decentralized nature of GPUs distributions.. and that theory is absolutely still true today..(ahead of ASICs that are just about to come out for Scrypt).

GPUs have limited supply, and more more distributed than any other type of processing available, whether it be ASIC or CPUs...

Please do not mistaken total nethash rate with distributed nethash rate.  Those are related, but different issues.

PoW part of bitcoin is just a lottery system.. so the question of security is not how much hash power any protocol can do.. but rather how decentralized a particular a PoW technology/algo.  In that sense GPUs will always win out (at least today), in terms of decentralization.

Show me the section of criminal code that making a lazy clone coin and trying to profit it off it is criminal either but it doesn't stop you all from calling them scammers or crooks.

Spoetnik I wish you would have invested in AUR when I told you so. YOu might have been on different side of fence now.

they built their entire house of cards on this one single argument. of course you'll get no response, but you're correct.

I heard back in about 2007 a Black Hat hackers conference in L.A. USA a seminar about how to hack routers using WEP for internet access..
Put on by the FBI lol
They posted a video presentation and showed how it was done and then provided links to the tools for reference.

Anyway is that a crime ?

Show me the section of criminal code corresponding to the country holding the forked block chain that shows forking is illegal.

Put up or shut up ? lol ..i'm going to sit here and wait holding my breath, i know any second you will have proof  

edit:
PS: Ponzi schemes ARE illegal ask Berni Madoff

and by the way consider your ass owned

let me walk you through economics 101

1) what is money?
2) how do we define the value of money
3) why are Dollars not money?
4) why is bitcoin a better expression of value than dollars or any other gov controlled fiat currency?

Any CPU, GPU or even FPGA coin is insanely vulnerable.

Even with scrypt ASICs the mentality of scrypt miners might be such that no scrypt coin will be secure, since scrypt miners seem mostly to be scammers looking not to secure any blockchains but, rather, to jump around in a kind of bait-and-switch scam, fooling investors into imagining this that or the other scrypt coin is secure (due to its seeming to have hashing power securing it) while really none of that hashing power actually intends to secure the chain at all, rather it is basically eliciting bribes "how much will you pay me to abandon this chain and go mine your latest scam" kind of thing...

Maybe though if litecoin and DOGE adapt so as to be able to be merged together, one or both might manage to retain enough of the scrypt hashing power to eventually become secure?

-MarkM-

it takes me back to when BCX, the man, was destroying SolidCoin.  that thing had to go too.

So gold is a ponzi scheme? I'm confused. I'm also confused about what happened here. Auroracoin is dead now? Was it actually a scam or did somebody just destroy it for kicks and giggles or for their own personal motives? Also, how was it so easy to kill the coin? Doesn't this mean every other low hashrate scrypt coin is vulnerable? What about scrypt-N and PoS coins? Thanks in advance for helpful replies, I'm just looking for information and trying to understand how things are shaping up in this dark world of cryptocurrencies.

lol. that guy cracks me up!

Frystikken is an idiot.

But that doesnt disprove my point. Its simply plain logic, that a hard cap coin can not be a currency. It IS a ponzi and risky investment.
Money works totally different from Bitcoins. As said, it is not wrong to invest in bitcoins, but what's wrong is to confuse gold and money.

It doesnt excuse criminal behaviour. But the latest events have shown, that your gov. will not obey their own laws and use criminal behaviour to get what they want.

Are you defending LTC?

That's simply an incorrect statement.. scrypt algo itself is just fine.  Maybe you mean there's not enough hash power to secure it.. which I will also have to disagree with.


Sorry, but .. logical leap. (http://forum.wordreference.com/showthread.php?t=1211705)

whyle the

http://wafflepool.com/miner/14t8yB3PDGfZT3VppxMY4J9xiBaXUcZvKp
3/27 look @ btc payouts

I think AUR was the biggest premine in history of ALT's and a new low for clone coins with it's scammy citizens coins angle..
So yeah lets MAFIA this bitch up lol
congrats to the forkerer
do more scummy shit coin scams please

Great News and Great day

Whiny brats cry abut their scam being taken down.. figures ahaha


oh and hey dicks.. remember posting about 50 times in the last week "How many coins have you guys taken down ? ..your all talk"
eat it scammers