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Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 1535. (Read 1484238 times)

legendary
Activity: 1708
Merit: 1049
Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.


Hey, AlexGR did you buy back into XC or still holding just a minor stake?

Minor stake.

x11 fpgas, he actually posted here link to the x11 fpga code.

That was the code of some of the hashing algorithms that X11 implements. The full X11 FPGA code is not public. It would require all code to be chained and act as a single program.

bitcoin is already accused to be a money laundering machina. Xc might even update the game  Smiley

Ben Lawsky already said the government might be looking to ban coinjoin, imagine the crash in DRK if that happens.

How are they gonna ban what's occuring over networks? They can't unless they have massive invasion on networks with deep-packet-inspection inside encrypted traffic...  in which case we have a whole different problem.

DRK doesn't seek government approval (like Bitcoin). It's developed despite regulatory "apprehension". Banning DRK would be the best PR campaign ever and it would also attract enormous development from behind it to improve it to make it 100% government-proof / 100% NSA-proof (now it's not - nor is any anonymous coin).

Banning it from US exchanges is irrelevant as they are too few in number to even play a role.

And then you have Bytecoin & clones... how can you ban coinjoin and not ring signatures? And why ban them and at the same time, as a government, actively fund the development of Zerocoin?

Quote
Safe to assume? Yeah... oh, you know, they could do something more practical like make it illegal, 10 years minimum, shut down the exchanges MPAA style, and have the same effect.

That is not practical. It's wishful thinking. US controls 5% of the global market. A ban inside the US can't protect the dollar's position in the global landscape against gold, bitcoin etc.

There is a price in producing 1 trillion USD per year and it's called devaluation of the currency and stealing your money. When the people have, say, 10 trillion in bank accounts and the government is issuing another 1, then it is debasing the people's money by 10%.

Naturally people want to protect themselves from this type of devaluation (which make all tangible things cost more) by escaping the dollar and moving to anti-inflationary assets (gold, silver, bitcoins etc). The government has taken all the measures necessary to manipulate such assets (gold and silver being >7 trillion USD markets) through paper-contract / futures that oversell gold and silver quantities which do not actually exist. If they can do such large scale manipulation in a 7 trillion market to preserve the dollar, we can only assume that they are also ready to do so in a 7 bn market like cryptos - with vastly lower costs (a few millions for ASIC hardware). It's an extremely small price to pay compared to what's at stake (the value of trillions of USD).
legendary
Activity: 1330
Merit: 1000
Hello everyone!

Dev's keep up the good work.
I downloaded the wallet today, buy some coins and withdrawal to wallet.
Everything wass perfet and fast.
For minting do i need a min number of coins?

P.S. Sorry if you post this info and i miss it.


No, just an encrypted, unlocked wallet with your coins have matured.

-XC Community Mod.

thanks for your hard working and patience to all FUD makers. girls, pussies, cums or some grs.

one question, how long will it take for my coins to get matured? i deposited coins for three days. do we have a time limit? thanks .
legendary
Activity: 971
Merit: 1000
Hello everyone!

Dev's keep up the good work.
I downloaded the wallet today, buy some coins and withdrawal to wallet.
Everything wass perfet and fast.
For minting do i need a min number of coins?

P.S. Sorry if you post this info and i miss it.


No, just an encrypted, unlocked wallet with your coins have matured.

-XC Community Mod.
sr. member
Activity: 280
Merit: 250
Bitnation Development Team Member
I received this message " Not minting because you don't have mature coins"   Huh Huh

Normal if you've recently transferred coins in. You have to wait a while before it starts. Usually around 24 hours for me but YMMV.
sr. member
Activity: 1221
Merit: 250
I received this message " Not minting because you don't have mature coins"   Huh Huh
sr. member
Activity: 280
Merit: 250
Bitnation Development Team Member

Check this out: https://www.youtube.com/watch?v=_uTgnZAFuNU

Someone recorded testing it. All checks out. He makes a minor mistake in there while searching, but I've had a relatively careful look and it's still ok.
member
Activity: 70
Merit: 10
Long Term Investor with Short Term Memory Loss
Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.


i wonder where this whale gets 700gh of hash from?

I cannot figure that out myself. The only scenario that seems plausible to me is NSA.

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

However, to control a POS crypto it would require a totally different "vector" namely the acquisition of ~30-35% of the coins (and use them for staking into a comfortable 51% control due to others non-staking). If they already have the hardware, buying the coin off the market would be a no-brainer as it would skyrocket the price. So why not mine it?

All the other scenarios don't make sense to me. Renting GPUs for XC? No sense. It'd need hundreds of thousands of GPUs, too many micromanagement deals to achieve that type of hashpower etc etc. FPGAs are not that fast, it would need thousands. Even for ASICs it would take a couple hundred ASICs assuming a "bad" scenario of 1000:1 acceleration over a GPU (3 GHs per ASIC) - so a few prototypes wouldn't cut it. Fake hashes are a known pool/stratum issue, so I don't see how they could affect the network hash.

Also, if it was private ASICs / FPGAs they would be mining other coins, not do a one-off appearance just for XC. Why wouldn't a ASIC / FPGA owner not use them for ordinary mining?

CPU botnets are also out of the question due to the CPU hashrates of modern coins. Even an entire million of botnet infected PCs at 200khash average per PC would give only 200 gigahash.

If anyone has a better scenario I'm all ears.

Quote
Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

Yeah but here we are talking about nearly 0.8-1 TH at peak. That's insane even at 4 MH per card (200.000 to 250.000 GPU). Where is all that power the other days? How can it be one off? Yes, some hashrate of normal miners went to XC and went back to DRK and other coins. But it wasn't dramatic when it left and when it returned to other coins. I estimate the normal x11 hashing power during the pow phase at ~200-300 gigahash top. The rest is problematic to explain.

Don't forget CHINA. Chinese miners have the greatest mining power.
They might have huge GPUs, FPGAs, and ASIC that you can't imagine. As far as I know, there're so many miners that have 300+ GPUs(280x or even 290).

I can imagine the NSA's supercomputers could generate that kind of hashrate. If that was the case.... well XC is on to something HUGE. That scares them. Not to get too tinfoil hat here, but the NSA does not work for the American guberment.
full member
Activity: 126
Merit: 100
First account stolen, in traditional BCT fashion!

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.


Safe to assume? Yeah... oh, you know, they could do something more practical like make it illegal, 10 years minimum, shut down the exchanges MPAA style, and have the same effect.

hero member
Activity: 503
Merit: 500
Na Zdorovie!
I guess botnet mining not possible for X11 algo.

Because not available 32 bit miners. Need re-compile. Compile issues very hard.

Right ?

If this true, good for X11. Diff is stay suitable.
full member
Activity: 126
Merit: 100
XC
Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.


i wonder where this whale gets 700gh of hash from?

I cannot figure that out myself. The only scenario that seems plausible to me is NSA.

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

However, to control a POS crypto it would require a totally different "vector" namely the acquisition of ~30-35% of the coins (and use them for staking into a comfortable 51% control due to others non-staking). If they already have the hardware, buying the coin off the market would be a no-brainer as it would skyrocket the price. So why not mine it?

All the other scenarios don't make sense to me. Renting GPUs for XC? No sense. It'd need hundreds of thousands of GPUs, too many micromanagement deals to achieve that type of hashpower etc etc. FPGAs are not that fast, it would need thousands. Even for ASICs it would take a couple hundred ASICs assuming a "bad" scenario of 1000:1 acceleration over a GPU (3 GHs per ASIC) - so a few prototypes wouldn't cut it. Fake hashes are a known pool/stratum issue, so I don't see how they could affect the network hash.

Also, if it was private ASICs / FPGAs they would be mining other coins, not do a one-off appearance just for XC. Why wouldn't a ASIC / FPGA owner not use them for ordinary mining?

CPU botnets are also out of the question due to the CPU hashrates of modern coins. Even an entire million of botnet infected PCs at 200khash average per PC would give only 200 gigahash.

If anyone has a better scenario I'm all ears.

Quote
Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

Yeah but here we are talking about nearly 0.8-1 TH at peak. That's insane even at 4 MH per card (200.000 to 250.000 GPU). Where is all that power the other days? How can it be one off? Yes, some hashrate of normal miners went to XC and went back to DRK and other coins. But it wasn't dramatic when it left and when it returned to other coins. I estimate the normal x11 hashing power during the pow phase at ~200-300 gigahash top. The rest is problematic to explain.

Don't forget CHINA. Chinese miners have the greatest mining power.
They might have huge GPUs, FPGAs, and ASIC that you can't imagine. As far as I know, there're so many miners that have 300+ GPUs(280x or even 290).
legendary
Activity: 1526
Merit: 1012
So hybrid pos/pow coins are less open to attacks than pure pos ? Maybe going back to that is the way even with low block rewards, if it makes the coin more secure.
legendary
Activity: 1708
Merit: 1049
Guys have a question. Is there any pool that directly mine XC?

You just missed the train, the POW was end, now only POS is running.

You missed the ponzy, Twice reduction on supply during pow called by greedy and nice crypto community.

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.


i wonder where this whale gets 700gh of hash from?

I cannot figure that out myself. The only scenario that seems plausible to me is NSA.

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

However, to control a POS crypto it would require a totally different "vector" namely the acquisition of ~30-35% of the coins (and use them for staking into a comfortable 51% control due to others non-staking). If they already have the hardware, buying the coin off the market would be a no-brainer as it would skyrocket the price. So why not mine it?

All the other scenarios don't make sense to me. Renting GPUs for XC? No sense. It'd need hundreds of thousands of GPUs, too many micromanagement deals to achieve that type of hashpower etc etc. FPGAs are not that fast, it would need thousands. Even for ASICs it would take a couple hundred ASICs assuming a "bad" scenario of 1000:1 acceleration over a GPU (3 GHs per ASIC) - so a few prototypes wouldn't cut it. Fake hashes are a known pool/stratum issue, so I don't see how they could affect the network hash.

Also, if it was private ASICs / FPGAs they would be mining other coins, not do a one-off appearance just for XC. Why wouldn't a ASIC / FPGA owner not use them for ordinary mining?

CPU botnets are also out of the question due to the CPU hashrates of modern coins. Even an entire million of botnet infected PCs at 200khash average per PC would give only 200 gigahash.

If anyone has a better scenario I'm all ears.

Quote
Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

Yeah but here we are talking about nearly 0.8-1 TH at peak. That's insane even at 4 MH per card (200.000 to 250.000 GPU). Where is all that power the other days? How can it be one off? Yes, some hashrate of normal miners went to XC and went back to DRK and other coins. But it wasn't dramatic when it left and when it returned to other coins. I estimate the normal x11 hashing power during the pow phase at ~200-300 gigahash top. The rest is problematic to explain.
legendary
Activity: 1526
Merit: 1012
 Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.

i did not even update lol. I was still mining at 2.5 mh per r9 290. Damn.
legendary
Activity: 1330
Merit: 1000
REQUEST TO SWEDISH GIRL:

would you please kindly take a rest about 3-4 hours in one day?

leave this thread some space for meaningful discussion.

Thanks wholeheartedly.

full member
Activity: 130
Merit: 100
  Happened that many miners switched to X11, and new miner boosted hash for 50% and more. I had 47MH/s, now I have 68MH/s. Count that every serious miner did software upgrade, and we have 50% more hash now than we had 7 days ago with same HW.
legendary
Activity: 1526
Merit: 1012
bitcoin is already accused to be a money laundering machina. Xc might even update the game  Smiley

Ben Lawsky already said the government might be looking to ban coinjoin, imagine the crash in DRK if that happens.

Yeah i don't know if best interest of crypto is go to more transparency or the opposite. Future will tell.
sr. member
Activity: 392
Merit: 250
Looking for shmexy coins!
I love it how Teka keeps repeating:

loljosh is not part of the dev team

Nobody thinks he is! But we all know he was paid to deliver the base code for the coin. Now admit this and let's move on.
legendary
Activity: 1526
Merit: 1012
yes now hashrate on new x11 coins is incredibly higher than before. Something happened. Or just more farmers doubling their farm as electricity cost is twice less on x11. Plus botnets plus eventually fpga.

I missed December when u could instamine some coins under the radar with only a R9 290 haha.
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