Topic: Energi [NRG] Cryptocurrency for World Adoption | PoS | MN | No-ICO or Premine | - page 49. (Read 44131 times)

There appears to be some sort of coordinated FUD attack going on against Energi.


To the people calling us a scam for forking Dash, it seems you are misinformed about the cryptocurrency space.

It’s extremely common and totally legal - the license terms explicitly grant this right. Dash itself is a fork of Bitcoin, and PIVX is a fork of DASH. In fact the vast majority of cryptocurrencies have forked other cryptocurrencies as a starting point. There are only a very rare few cryptocurrencies built from scratch.

In fact, it is not only common practice among open source, it is actually encouraged to re use code to the greatest degree possible. This has many advantages including promoting modular design, not spending time reinventing the wheel, and promotes an overall higher quality of code as more developers have audited shared components.

There are almost NO software projects written from scratch for this reason. Even Microsoft Windows, MacOS, and nearly every other piece of software in existence utilizes open source components.


And just to reiterate:

1000000% fake project, they are playing with innocent peoples, stollen peoples money , guys beaware #NRG biggest scam
#Scamm ARET

Xactly you are right !!! i am not going to invest one penny on it !!! its just a scam project !!!

UP your game NRG... this is another scam project. look at the projects like ADA, TRX and others.. thats called orignal project.. This is just another get rich scheme launched by copying others code.... How could you guys could do that???  Stealing people money.... Scam Alert ... Scam Alert ... Scam Alert ......

Its a big Scam . Its not wrong if say that they are cheaters , and making us fool.
The big scam project , They copied the code from PIVx, Its a shameful thing that  you guys copied code from another. I am not going to invest in this project ever

Fork of Dash..... Right then stop claiming to be the original idea and stop copying others.... Such a fake project... answer that quesion. when you guys are lunching your own algo fakers.... ?

Not sure where this attack is coming from. Energi did NO ICO, no Premine, and waited for 160 days to start masternode rewards in order to have proper distribution of Energi coins.

Energi is founded and backed by well respected advisor and educator in the blockchain space: TommyWorldPower (https://twitter.com/TommyWorldPower)

On our team page you can see our team members with their associated LinkedIn's: https://www.energi.world/team/ (click each member to see description plus LinkedIn)

Energi is a fork of dash, but heavily modified and constantly being developed. Our github is available for viewing here: https://github.com/energicryptocurrency

What a Scam Project! ,,, They are making fool user by scamming . If anyone clearly  look & observe their team Easily you can find out it...Be aware of this kind of scam projects which creating fud on Cryptocurrencies World.        

have plan to change algo?

NRG is a scam project
All those people are fake
On their profiles
Every photo they used these people are working day jobs one of them a plumber
I came to know about one of them
Copy Codes SCAMMERS

This a FAKE Project... Copied Code.... LOL

We recently published an article discussing the many use cases Energi has. To read the article, visit the link below:

https://medium.com/energi/energi-use-cases-74eaf56c5b6f

First off, news about the Bitmain ETHASH ASIC came out very close to the time that we launched after development was already done.

A more in depth answer requires some exploration of the term “ASIC resistant”. It really implies just what it says, resistance. There is no such thing as an ASIC proof coin, you can build an ASIC for any algorithm. Just as you can implement any algorithm in software, making an ASIC is simply implementing an algorithm in hardware.

ASIC resistance is about economics more than technology. There are a number of ways it has been achieved, and they pretty much all boil down to tuning your algorithm to something generic hardware does very well - so that building an ASIC won’t achieve a tremendous advantage. For example when we look at Bitcoin it uses a double SHA256 hash for proof of work, which general hardware is not particular good at. ASICs rule Bitcoin mining because it is far more cost effective to mine Bitcoin with chips especially designed to compute SHA256.

The ETHASH scheme for ASIC resistance is very clever. ETHASH is bound my memory speed not computational speed. Memory is an extremely general circuit that is needed by pretty much every computational circuit there is. The idea behind making memory the limiting factor is that for an ETHASH ASIC to be substantially faster/cheaper than common hardware, one would need to invent faster and cheaper memory.

Faster and cheaper memory has broad implications well above the level of profitability one could expect by making crypto mining hardware, so you wouldn’t expect a threat to decentralization to come from this route.

So what happened? Why is there an ETHASH ASIC then? It is because of a combination of factors that made producing one economically feasible. During the bull market last year, we saw a tremendous rise in the price of cryptocurrencies, but also a huge shortage in GPUs commonly used to mine Ethereum. As the second biggest cryptocurrency by market cap, the sudden explosion of demand left producers of common hardware unable to keep up with demand, as evidenced by the soaring price of GPUs last year and even some retailers placing limits on how many each customer should buy. The ETHASH ASIC was designed to capitalize on a supply chain weakness exposed by a sudden surge of demand in the market. Are they faster and cheaper than buying a bunch of GPUs? At the time they launched yes, marginally. I am not sure on this right now as I haven’t run the numbers but I have seen the price of GPUs come down dramatically with the market.

Is the ETHASH ASIC the same sort of centralizing threat we saw consolidate Bitcoin mining power? Absolutely not. When people hear ASIC they are thinking of the Bitcoin ASIC which can be 1000x faster than commonly available hardware. By contrast, the ETHASH “ASIC” is actually comparable to GPUs in terms of hashrate per cost. Just because Bitmain is marketing it as an ASIC, it is just a piece of specialized hardware that is limited by the memory speed they can put into it just as common hardware is. In fact, the lack of anything particularly special about ETHASH ASICs is a testament to how well designed this algorithm is. Also keeping in mind that there is a lot more incentive to design a good ASIC for Ethereum than for other smaller coins that may be claiming better ASIC resistance just because no one has made an ASIC for their algorithm yet, when the economics aren’t there for anyone to even want to try.

Furthermore, Energi shares enough differences from Ethereum that an Ethereum “ASIC” is fundamentally unable to mine Energi anyways. Among these differences are a completely different block structure, different seed data for the DAG, and a different epoch length.

To be perfectly clear, there is NO ASIC threat to Energi at this point nor has there ever been yet at any point in the past. If in the future that changes, we will likely have strong community support for a change to our algorithm and we will happily follow through with that.

There is now a pool currently working, please join our Discord #mining channel for more info.
https://discordapp.com/invite/sCtgNC3

A luck factor is involved, though the following formula creates a good estimation:
Number of Daily Tokens  = (Your Hashrate /Network Hashrate) * 1440 * 2.28
You can see net hash rate here: https://explore.energi.network/ (currently ~32 GH/s)

There is a pool currently working, please join our Discord #mining channel for more info.
https://discordapp.com/invite/sCtgNC3

when normal pool?

We have officially released our Lightpaper. This document outlines our vision and strategy in an easy to understand format.

Check it out here: https://www.energi.world/lightpaper/

We have recently published an educational video series, “Learning Cryptocurrency with Energi.”

Check it out here:


Also, there's an ongoing contest with $100 worth of $NRG in prizes. Make sure to watch the videos to learn more.

Hope you enjoy!

Disclaimer:

These videos express opinions about the cryptocurrency market. They are not investment advice. Always do your own thorough research before making any investment decisions.
These videos are independently directed and produced. They were submitted as a proposal to the Energi ecosystem (at https://vote.energi.network/), and were subsequently supported by the Energi decentralized community.

Great question! Our treasury and governance system will really be the foundation of the organization, and we are working to utilize our treasury system to it's full potential. This is used to hire top talent for development, operations, marketing, etc. We believe our 40% allocation of block reward to the treasury fund will allow for a very rapid growth and expansion. With the goal of "mass adoption" in mind, we will work to create the most user-friendly, secure and trusted platform for building and trading value.

Energi founder, TommyWorldPower, recently did an interview with ArcaneBear, this topic was discussed throughout the video.

The interview can be seen here: https://www.youtube.com/watch?v=8ZlDaaMddsw

The objective seems to be very promising, what will be the steps of Energi to reach this goal of reaching several users in this sector of cryptography?