Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing - page 18.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: td services on January 16, 2014, 05:48:40 PM

Quote from: noedelx on January 16, 2014, 05:17:44 PM

is this a coin wich we can mine (just like any other altcoin)
Also when can we start mining it?

or is this a coin wich we buy ( premined) ?
and when can we start buying?

Both, pre-sale before mining, don't know schedule.

Why was the Ethereum forum taken down?

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: noedelx on January 16, 2014, 05:17:44 PM

is this a coin wich we can mine (just like any other altcoin)
Also when can we start mining it?

or is this a coin wich we buy ( premined) ?
and when can we start buying?

Both, pre-sale before mining, don't know schedule.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: ?? on ??

Quote from: molecular on January 16, 2014, 03:48:05 AM

(also NXT ipo was too short and invisible and maybe was even closed early, that's why price shot up afterwards. Had they waited long enough with high exposure to and broad discussion by the public, price would've been "exactly right" after ipo)

Do you mean it could/should have also been 0.0001 NXT/BTC?

The NXT launch wasn't invisible, not sure why people think that. Also, the goal of Nxt launch wasn't too have some Bitcoin Conference mass marketing IPO extravaganza. It was to get a working POS system launched and let the community take over. Yet many people have misconceptions about it being a scam coin. To me, a scam coin is one that draws hundreds/thousands of btc investment in a pre-sale and then caters to ASIC miners.

noedelx

full member

Activity: 140

Merit: 100

is this a coin wich we can mine (just like any other altcoin)
Also when can we start mining it?

or is this a coin wich we buy ( premined) ?
and when can we start buying?

jap1968

newbie

Activity: 6

Merit: 250

Quote from: instacalm on January 16, 2014, 11:13:32 AM

2014/01/16 16:12:18 Starting Ethereum
2014/01/16 16:12:18 Mining started
...

Go Client working fine on OS X Mavericks

But, can you already mine?

indigon

member

Activity: 70

Merit: 10

So how does investing in this coin work? Where is the IPO info?

FreddyFender

full member

Activity: 215

Merit: 100

Shamantastic!

This is an unofficial thread and some details may not be answered by the PR group or devs. I would advise the links provided by OP(tacotime) to forums/additional info be used, and not rely solely on this thread until formally posted by the Founders.

BTCbull

full member

Activity: 154

Merit: 100

Altcoin Mania!!!

I'm glad to be part of what seems to be the next big thing Grin

organizer

sr. member

Activity: 378

Merit: 250

Quote from: achillez on January 16, 2014, 04:35:21 PM

so this goes live in 8 days?

I don't know that this has been answered, I think at the least the IPO begins (60 days), I don't know if it will be mineable at this point though.

achillez

hero member

Activity: 874

Merit: 1000

so this goes live in 8 days?

LeoC

full member

Activity: 154

Merit: 100

Quote from: tgerring on January 16, 2014, 11:25:37 AM

What are some examples of what these contracts could do?

Sub-currencies
Financial derivatives
Identity and Reputation Systems
Decentralized Autonomous Organizations
Savings wallets
Crop insurance
decentrally managed data feed
Smart multisignature escrow
Peer-to-peer gambling
on-chain stock market
on-chain decentralized marketplace
Decentralized Dropbox

You forgot:
Viruses
Malware
Adware
Keyloggers
Scam contracts
Wallet stealers

This is the human race we are talking about after all.

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: jimhsu on January 16, 2014, 02:58:40 PM

Quote from: td services on January 16, 2014, 02:25:14 PM

I'll be heavily investing in ETH, hadn't really thought of mining 'til now. Any thoughts on an optimal rig for ETH? Your investment analysis is very informative, by the way.

VPSes with a lot of memory, or GPUs with a LOT of memory (hundreds of GB). Come to think of it, amazon EC2 instances may be almost ideal (good amount of CPU power, plenty of RAM, etc)

So it sounds like a memory coin. Wonder if memory bandwidth is a factor or just memory quantity. Protoshares is throttled by bandwidth beyond 4 or 8 gb.

jimhsu

sr. member

Activity: 364

Merit: 264

Quote from: td services on January 16, 2014, 02:25:14 PM

Quote from: molecular on January 16, 2014, 04:15:10 AM

I just had another thought (or way to look at my eth investment decision personally):

If my assumption (argued 3 posts above) that IPO price will be "exactly right" holds, it doesn't matter from my individual perspective wether I invest in the IPO phase or buy ETH on the market right after it ends. The only difference this makes is where my invested BTC go. In the former case they go to the ethereum development fund, in the latter they go to a genesis investor.

So if some people here are envious toward the founders getting control over too much money, they can just buy ETH on the market after the ipo instead of investing during the ipo phase.

I'm guessing I'll do a little bit of everything regarding investing into ethereum:

invest in ipo phase
buy on market after ipo phase
mine

side-note: This is not your average alt-coin and everything I looked at and thought about regarding ethereum so far is well thought-through. This thing is filled with innovation and I think it can provide an exceedingly fertile ground for further innovation and positive change in our world.

I'll be heavily investing in ETH, hadn't really thought of mining 'til now. Any thoughts on an optimal rig for ETH? Your investment analysis is very informative, by the way.

VPSes with a lot of memory, or GPUs with a LOT of memory (hundreds of GB). Come to think of it, amazon EC2 instances may be almost ideal (good amount of CPU power, plenty of RAM, etc)

According to the wiki, GPU power hardly matters -- what matters is how much memory you can fit on your board. Most consumer grade equipment caps out at 64 or 128GB (I don't imagine even enthusiasts having more than 32GB on their computers, which I do have)

swartzfeger

full member

Activity: 350

Merit: 100

Quote from: Ursium on January 16, 2014, 09:02:36 AM

Quote from: swartzfeger on January 16, 2014, 07:07:51 AM

Ursium, any chance of a dedicated client? Everything went fine up to the gmp install, but I don't think my ethereum install went as planned.

Hello swartzfeger, what do you mean by 'dedicated' client?

An app that installs with a single click. Basically, a gui-front end for the console.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1009

Newbie

Repost. Could anyone give an answer?

Quote from: Come-from-Beyond on January 14, 2014, 05:27:29 PM

From http://wiki.ethereum.org/index.php/Dagger:

Quote

...In the context of mining, however, botnet-infected computers tend to be running older operating systems and have weaker specifications, meaning that they will have a much lower performance and impact on the network than their size might initially suggest.

...
...
...

...And even in such an equilibrium, mining with ordinary CPUs will likely continue to be practical.

So we have such a formula for mining power:

numberOfZombieComputers * X = numberOfLegitMiners

Question:

What is ur assessment of X value?

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: molecular on January 16, 2014, 04:15:10 AM

I just had another thought (or way to look at my eth investment decision personally):

If my assumption (argued 3 posts above) that IPO price will be "exactly right" holds, it doesn't matter from my individual perspective wether I invest in the IPO phase or buy ETH on the market right after it ends. The only difference this makes is where my invested BTC go. In the former case they go to the ethereum development fund, in the latter they go to a genesis investor.

So if some people here are envious toward the founders getting control over too much money, they can just buy ETH on the market after the ipo instead of investing during the ipo phase.

I'm guessing I'll do a little bit of everything regarding investing into ethereum:

invest in ipo phase
buy on market after ipo phase
mine

side-note: This is not your average alt-coin and everything I looked at and thought about regarding ethereum so far is well thought-through. This thing is filled with innovation and I think it can provide an exceedingly fertile ground for further innovation and positive change in our world.

I'll be heavily investing in ETH, hadn't really thought of mining 'til now. Any thoughts on an optimal rig for ETH? Your investment analysis is very informative, by the way.

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: tgerring on January 16, 2014, 11:25:37 AM

Quote from: organizer on January 16, 2014, 10:03:12 AM

So, as a novice hobbyist, I am still very interested in this coin (?), so i'll throw this out there. In business you're often asked to prepare and give someone the "elevator pitch", which might be about 30 seconds worth of bullet points. So someone give this to me, what is the "elevator pitch" for this coin?

Is it a bitcoin killer? What does it do that other coins don't (is it the notion that you can leverage mining power into real-world applications/computations?)

It's hard to give an elevator pitch on a technology that is a step abstracted from Bitcoin when people don't properly understand Bitcoin in the first place... but I'll try for those interested in investing but not in reading the research material (which seems to be the de-facto status of forum trolls).

Imagine the underlying technological accomplishments of Bitcoin (distributed consensus) were abstracted away such that ANY mathematical expression could be expressed & evaluated by the network. In addition to a more complete scripting language, these scripts/programs/bots/entities would live in a "contract" and have access to memory locations and ability to interact with other transactions themselves.

What you end up with is a way to design nearly any legal/financial agreement which can interact with other contracts and accomplish hugely complex and automated tasks secured by the network at large. What you can accomplish with the contracts/memory construct is essentially only limited by your imagination and funds available (since contracts require fee inputs).

What are some examples of what these contracts could do?

Sub-currencies
Financial derivatives
Identity and Reputation Systems
Decentralized Autonomous Organizations
Savings wallets
Crop insurance
decentrally managed data feed
Smart multisignature escrow
Peer-to-peer gambling
on-chain stock market
on-chain decentralized marketplace
Decentralized Dropbox

I highly recommend everyone read the white paper several times if they're interested in this project, whether as investors or technologists (or both!)

Thanks! This is an excellent, concise, and accurate summary of the project.

keepwalking1234

member

Activity: 98

Merit: 10

Quote from: Ursium on January 16, 2014, 09:02:36 AM

Quote from: swartzfeger on January 16, 2014, 07:07:51 AM

Ursium, any chance of a dedicated client? Everything went fine up to the gmp install, but I don't think my ethereum install went as planned.

Hello swartzfeger, what do you mean by 'dedicated' client?

can we have a window's client, thanks very much!

tgerring

full member

Activity: 142

Merit: 100

Hive/Ethereum

Quote from: organizer on January 16, 2014, 10:03:12 AM

So, as a novice hobbyist, I am still very interested in this coin (?), so i'll throw this out there. In business you're often asked to prepare and give someone the "elevator pitch", which might be about 30 seconds worth of bullet points. So someone give this to me, what is the "elevator pitch" for this coin?

Is it a bitcoin killer? What does it do that other coins don't (is it the notion that you can leverage mining power into real-world applications/computations?)

It's hard to give an elevator pitch on a technology that is a step abstracted from Bitcoin when people don't properly understand Bitcoin in the first place... but I'll try for those interested in investing but not in reading the research material (which seems to be the de-facto status of forum trolls).

Imagine the underlying technological accomplishments of Bitcoin (distributed consensus) were abstracted away such that ANY mathematical expression could be expressed & evaluated by the network. In addition to a more complete scripting language, these scripts/programs/bots/entities would live in a "contract" and have access to memory locations and ability to interact with other transactions themselves.

What you end up with is a way to design nearly any legal/financial agreement which can interact with other contracts and accomplish hugely complex and automated tasks secured by the network at large. What you can accomplish with the contracts/memory construct is essentially only limited by your imagination and funds available (since contracts require fee inputs).

What are some examples of what these contracts could do?

Sub-currencies
Financial derivatives
Identity and Reputation Systems
Decentralized Autonomous Organizations
Savings wallets
Crop insurance
decentrally managed data feed
Smart multisignature escrow
Peer-to-peer gambling
on-chain stock market
on-chain decentralized marketplace
Decentralized Dropbox

I highly recommend everyone read the white paper several times if they're interested in this project, whether as investors or technologists (or both!)

instacalm

hero member

Activity: 798

Merit: 500

2014/01/16 16:12:18 Starting Ethereum
2014/01/16 16:12:18 Mining started
2014/01/16 16:12:29 rnd 7877987130688784938
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2014/01/16 16:12:41 rnd 5610831529307869747
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2014/01/16 16:12:54 rnd 5576653745784950130
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2014/01/16 16:13:06 rnd 3255008208670168900
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obj 1684996666696914987166688442938726917102321526408785780068975640576

Go Client working fine on OS X Mavericks

Topic: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing - page 18. (Read 84312 times)