Topic: MAKE - Algorithm: Grøstl POS Coin NAOO (Read 1102 times)

Quote from: creamynebula on June 01, 2014, 05:10:45 PM

Quote from: djm34 on June 01, 2014, 05:49:08 PM

i am very knowledgeable on every aspect of science and technology

https://bitcointalksearch.org/topic/m.7079866

lol, you may want to look up what an ASIC is and why it will always be more efficient for the specific application at hand than a general purpose computing device

there is no reason to go there. ive worked in the tech industry for more than 15 years.. i know very well how the tehnology works.. and for that reason i know why eventually just about all algorithms will get ported and used by asics. there is only one way to fix that problem of unfair initial distribution thru mining and there is another way to protect investors and build the value of the currency. i claim to have a protocol for an algorithm that accomplishes both. and to be honest.. we can do anything with algorithms.. including make a coin that only uses an additional 5 watts of gpu power and still mine at 1mh. the possibilities with programming are endless. the ability to think outside the box and come up with solutions.. is not as common.

so you will make another botnet coin ? how fair are these distributions ?

it will be the fairest of all distributions in crypto to date.

to list some attempts and failures
"
airdrop
giveaways
free ipo

fail fail fail.. all were attempts at making sure everyone gets some coins and bring more people into crypto. and each cause a massive decline in the value of the coin.. and asics are no different. before the introduction of asics.. users could get .04btc per mh per day. but all these 100mh just have to sell all their coins the same day they mine it faster than investment can grow and that is destroying all the coins. to them the coin has no worth except when converted to fiat. i will change this. i will make a coin that is just as good as fiat for the asic miner. but better in all other regard.

What you say doesn't make sense, no matter the coin, there will always be possibility to either increase your hashrate: more cpu, more gpu, more asic... That doesn't depend of the algo, that just depends on profitability.

lol u guys are thinking inside the box. nothing is impossible. the solution is rather simple.. as usual when made public many will kick themselves for not thinking of it sooner. u can add 1 gh asic to this coin if u like. it will make the coin stronger.

Just make it blake-256, and if the merged mining pool @ http://la1.blakecoin.com/ adds it to their 5 coin blake 256 array, you have 2TH if net stability instantly. For reference 1 GPU of average ability can mine blake 256 @ about 2.2-2.6GH each. I dont know what their hardwre can handle tho, however I have heard that 'technically' you can merge like 100+ coins @ once.. the limiting factor is the hardware resources on the pools end. Theres more info on the various blake-256 threads.

platorin

sr. member

Activity: 392

Merit: 250

How about go on a walk and have a break? Tongue

Coinler

hero member

Activity: 658

Merit: 500

Quote from: Coinler on June 01, 2014, 05:44:16 PM

Quote from: creamynebula on June 01, 2014, 05:10:45 PM

Quote from: djm34 on June 01, 2014, 05:44:52 PM

i am very knowledgeable on every aspect of science and technology

https://bitcointalksearch.org/topic/m.7079866

lol, you may want to look up what an ASIC is and why it will always be more efficient for the specific application at hand than a general purpose computing device

there is no reason to go there. ive worked in the tech industry for more than 15 years.. i know very well how the tehnology works.. and for that reason i know why eventually just about all algorithms will get ported and used by asics. there is only one way to fix that problem of unfair initial distribution thru mining and there is another way to protect investors and build the value of the currency. i claim to have a protocol for an algorithm that accomplishes both. and to be honest.. we can do anything with algorithms.. including make a coin that only uses an additional 5 watts of gpu power and still mine at 1mh. the possibilities with programming are endless. the ability to think outside the box and come up with solutions.. is not as common.

so you will make another botnet coin ? how fair are these distributions ?

it will be the fairest of all distributions in crypto to date.

to list some attempts and failures
"
airdrop
giveaways
free ipo

fail fail fail.. all were attempts at making sure everyone gets some coins and bring more people into crypto. and each cause a massive decline in the value of the coin.. and asics are no different. before the introduction of asics.. users could get .04btc per mh per day. but all these 100mh just have to sell all their coins the same day they mine it faster than investment can grow and that is destroying all the coins. to them the coin has no worth except when converted to fiat. i will change this. i will make a coin that is just as good as fiat for the asic miner. but better in all other regard.

What you say doesn't make sense, no matter the coin, there will always be possibility to either increase your hashrate: more cpu, more gpu, more asic... That doesn't depend of the algo, that just depends on profitability.

lol u guys are thinking inside the box. nothing is impossible. the solution is rather simple.. as usual when made public many will kick themselves for not thinking of it sooner. u can add 1 gh asic to this coin if u like. it will make the coin stronger.

Coinler

hero member

Activity: 658

Merit: 500

Quote from: Coinler on June 01, 2014, 05:39:22 PM

Quote from: CryptoLTD on June 01, 2014, 05:05:51 PM

Quote from: Coinler on June 01, 2014, 05:44:16 PM

please make a coin for gpu miners? Huh

? i do not mind farms, but asicas are bad. very bad.

please make pos coin with 1-5% interest per annum with 10 million coins over 3 months using - Algorithm: Grøstl antiasic.. please please please please??? anyone?

mine groestlcoin, DMD, myriad, futurecoin, dvorak etc... nobody waited for you to make such coin... Roll Eyes

Honestly, I prefer that everyday devs are making X11 coins, this way the real good coins can be mined in peace Grin

groestlcoin has low interest in investment because it is not pos among other things.

DMD is pos has too much supply

Myriad is innovative but i dont think it will survive the longrun
futurecoin is crap
and dvorak is a scam.

i can fix everything.. get me a dev!!

not sure what you can fix, if you are not able to program anything. The only thing you can fix is the 0.7BTC for another shitcoin.
(don't worry you will find someone... and most likely you just want a premine for yourself Grin

)

i am very knowledgeable on every aspect of science and technology and mathematics. no i do not want a premine for myself.. but i was willing to provide a premine to the investors who made up the money to pay the dev. they are the only ones will benefit from a premine.. which they paid for beforehand essentially. i can head the project development.. but im not a coder in c++. that is all.

You cant head, or lead a fast growing technologically improving & ever growing medium, if you fight the technology behind it. Your like a guy in 1895 that wanted his lights to go on @ night, but did not want to use a battery or electricity.

u are misled. unfortunately i have decided not to release the details of my solution until we have a dev onboard.

so you are already a "we".... good luck with your IPO (because this is where you want "us" to go)

there is no need for an ipo. u again are thinking inside the box. im not interested in such things. the coin and code will be open source.. unless a private investor takes it up from me. something i am now considering. the only reason i do not release all info now is because i dont want someone make this coin without my knowledge and i dont get a chance to invest in it from day1. that is my only concern and reason for not just laying it all out here. it is absolutely innovative. and i dont believe i should just let someone take my idea and run with it and i dont even get to know about it to participate. if any dev wants to work on the coin i can fill them in. there isnt a "we" so to speak. just me.. with my idea.. my ideas are pretty much always right and future visionary. i am so far ahead in this thinking and structure of this coin.. it will take a long time for anyone to even get close for a while. so i have time. i will wat till u all get fedup of floundering as your btc investments get extracted for worthless bunk as the price declines after the whale cashed out 75% of his coins.

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: creamynebula on June 01, 2014, 05:10:45 PM

Quote from: Coinler on June 01, 2014, 05:39:22 PM

i am very knowledgeable on every aspect of science and technology

https://bitcointalksearch.org/topic/m.7079866

lol, you may want to look up what an ASIC is and why it will always be more efficient for the specific application at hand than a general purpose computing device

there is no reason to go there. ive worked in the tech industry for more than 15 years.. i know very well how the tehnology works.. and for that reason i know why eventually just about all algorithms will get ported and used by asics. there is only one way to fix that problem of unfair initial distribution thru mining and there is another way to protect investors and build the value of the currency. i claim to have a protocol for an algorithm that accomplishes both. and to be honest.. we can do anything with algorithms.. including make a coin that only uses an additional 5 watts of gpu power and still mine at 1mh. the possibilities with programming are endless. the ability to think outside the box and come up with solutions.. is not as common.

so you will make another botnet coin ? how fair are these distributions ?

it will be the fairest of all distributions in crypto to date.

to list some attempts and failures
"
airdrop
giveaways
free ipo

fail fail fail.. all were attempts at making sure everyone gets some coins and bring more people into crypto. and each cause a massive decline in the value of the coin.. and asics are no different. before the introduction of asics.. users could get .04btc per mh per day. but all these 100mh just have to sell all their coins the same day they mine it faster than investment can grow and that is destroying all the coins. to them the coin has no worth except when converted to fiat. i will change this. i will make a coin that is just as good as fiat for the asic miner. but better in all other regard.

What you say doesn't make sense, no matter the coin, there will always be possibility to either increase your hashrate: more cpu, more gpu, more asic... That doesn't depend of the algo, that just depends on profitability.

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: CryptoLTD on June 01, 2014, 05:05:51 PM

please make a coin for gpu miners? Huh

? i do not mind farms, but asicas are bad. very bad.

please make pos coin with 1-5% interest per annum with 10 million coins over 3 months using - Algorithm: Grøstl antiasic.. please please please please??? anyone?

mine groestlcoin, DMD, myriad, futurecoin, dvorak etc... nobody waited for you to make such coin... Roll Eyes

Honestly, I prefer that everyday devs are making X11 coins, this way the real good coins can be mined in peace Grin

groestlcoin has low interest in investment because it is not pos among other things.

DMD is pos has too much supply

Myriad is innovative but i dont think it will survive the longrun
futurecoin is crap
and dvorak is a scam.

i can fix everything.. get me a dev!!

not sure what you can fix, if you are not able to program anything. The only thing you can fix is the 0.7BTC for another shitcoin.
(don't worry you will find someone... and most likely you just want a premine for yourself Grin

)

i am very knowledgeable on every aspect of science and technology and mathematics. no i do not want a premine for myself.. but i was willing to provide a premine to the investors who made up the money to pay the dev. they are the only ones will benefit from a premine.. which they paid for beforehand essentially. i can head the project development.. but im not a coder in c++. that is all.

You cant head, or lead a fast growing technologically improving & ever growing medium, if you fight the technology behind it. Your like a guy in 1895 that wanted his lights to go on @ night, but did not want to use a battery or electricity.

u are misled. unfortunately i have decided not to release the details of my solution until we have a dev onboard.

so you are already a "we".... good luck with your IPO (because this is where you want "us" to go)

Coinler

hero member

Activity: 658

Merit: 500

Quote from: creamynebula on June 01, 2014, 05:10:45 PM

Quote from: CryptoLTD on June 01, 2014, 05:05:51 PM

i am very knowledgeable on every aspect of science and technology

https://bitcointalksearch.org/topic/m.7079866

lol, you may want to look up what an ASIC is and why it will always be more efficient for the specific application at hand than a general purpose computing device

there is no reason to go there. ive worked in the tech industry for more than 15 years.. i know very well how the tehnology works.. and for that reason i know why eventually just about all algorithms will get ported and used by asics. there is only one way to fix that problem of unfair initial distribution thru mining and there is another way to protect investors and build the value of the currency. i claim to have a protocol for an algorithm that accomplishes both. and to be honest.. we can do anything with algorithms.. including make a coin that only uses an additional 5 watts of gpu power and still mine at 1mh. the possibilities with programming are endless. the ability to think outside the box and come up with solutions.. is not as common.

so you will make another botnet coin ? how fair are these distributions ?

it will be the fairest of all distributions in crypto to date.

to list some attempts and failures
"
airdrop
giveaways
free ipo

fail fail fail.. all were attempts at making sure everyone gets some coins and bring more people into crypto. and each cause a massive decline in the value of the coin.. and asics are no different. before the introduction of asics.. users could get .04btc per mh per day. but all these 100mh just have to sell all their coins the same day they mine it faster than investment can grow and that is destroying all the coins. to them the coin has no worth except when converted to fiat. i will change this. i will make a coin that is just as good as fiat for the asic miner. but better in all other regard.

Coinler

hero member

Activity: 658

Merit: 500

please make a coin for gpu miners? Huh

? i do not mind farms, but asicas are bad. very bad.

please make pos coin with 1-5% interest per annum with 10 million coins over 3 months using - Algorithm: Grøstl antiasic.. please please please please??? anyone?

mine groestlcoin, DMD, myriad, futurecoin, dvorak etc... nobody waited for you to make such coin... Roll Eyes

Honestly, I prefer that everyday devs are making X11 coins, this way the real good coins can be mined in peace Grin

groestlcoin has low interest in investment because it is not pos among other things.

DMD is pos has too much supply

Myriad is innovative but i dont think it will survive the longrun
futurecoin is crap
and dvorak is a scam.

i can fix everything.. get me a dev!!

not sure what you can fix, if you are not able to program anything. The only thing you can fix is the 0.7BTC for another shitcoin.
(don't worry you will find someone... and most likely you just want a premine for yourself Grin

)

i am very knowledgeable on every aspect of science and technology and mathematics. no i do not want a premine for myself.. but i was willing to provide a premine to the investors who made up the money to pay the dev. they are the only ones will benefit from a premine.. which they paid for beforehand essentially. i can head the project development.. but im not a coder in c++. that is all.

You cant head, or lead a fast growing technologically improving & ever growing medium, if you fight the technology behind it. Your like a guy in 1895 that wanted his lights to go on @ night, but did not want to use a battery or electricity.

u are misled. unfortunately i have decided not to release the details of my solution until we have a dev onboard. my solution does not fight the technology, but encourages it and welcomes large hash asics and farms.. to the benefit of the coin. unlike all the rest where large hash has the potential to crash the value of the coin. how i have figured out the solution to this is my secret. which i will keep until such time. but as of now i see most of the coins and investors as floundering around hoping to be part of the next best thing to bitcoin. but what i want to create will be a superior currency to bitcoin in every way.

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: creamynebula on June 01, 2014, 05:10:45 PM

Quote from: creamynebula on June 01, 2014, 05:10:45 PM

i am very knowledgeable on every aspect of science and technology

https://bitcointalksearch.org/topic/m.7079866

lol, you may want to look up what an ASIC is and why it will always be more efficient for the specific application at hand than a general purpose computing device

there is no reason to go there. ive worked in the tech industry for more than 15 years.. i know very well how the tehnology works.. and for that reason i know why eventually just about all algorithms will get ported and used by asics. there is only one way to fix that problem of unfair initial distribution thru mining and there is another way to protect investors and build the value of the currency. i claim to have a protocol for an algorithm that accomplishes both. and to be honest.. we can do anything with algorithms.. including make a coin that only uses an additional 5 watts of gpu power and still mine at 1mh. the possibilities with programming are endless. the ability to think outside the box and come up with solutions.. is not as common.

so you will make another botnet coin ? how fair are these distributions ?

Coinler

hero member

Activity: 658

Merit: 500

i am very knowledgeable on every aspect of science and technology

https://bitcointalksearch.org/topic/m.7079866

lol, you may want to look up what an ASIC is and why it will always be more efficient for the specific application at hand than a general purpose computing device

there is no reason to go there. ive worked in the tech industry for more than 15 years.. i know very well how the tehnology works.. and for that reason i know why eventually just about all algorithms will get ported and used by asics. there is only one way to fix that problem of unfair initial distribution thru mining and there is another way to protect investors and build the value of the currency. i claim to have a protocol for an algorithm that accomplishes both. and to be honest.. we can do anything with algorithms.. including make a coin that only uses an additional 5 watts of gpu power and still mine at 1mh. the possibilities with programming are endless. the ability to think outside the box and come up with solutions.. is not as common.

creamynebula

full member

Activity: 173

Merit: 100

i am very knowledgeable on every aspect of science and technology

https://bitcointalksearch.org/topic/m.7079866

lol, you may want to look up what an ASIC is and why it will always be more efficient for the specific application at hand than a general purpose computing device

goodluck0319

sr. member

Activity: 420

Merit: 250

how do I mine x11 or x13 with asics? with what software? where do I get the software?

CryptoLTD

full member

Activity: 196

Merit: 100

Quote from: CryptoLTD on June 01, 2014, 04:59:03 PM

please make a coin for gpu miners? Huh

? i do not mind farms, but asicas are bad. very bad.

please make pos coin with 1-5% interest per annum with 10 million coins over 3 months using - Algorithm: Grøstl antiasic.. please please please please??? anyone?

mine groestlcoin, DMD, myriad, futurecoin, dvorak etc... nobody waited for you to make such coin... Roll Eyes

Honestly, I prefer that everyday devs are making X11 coins, this way the real good coins can be mined in peace Grin

groestlcoin has low interest in investment because it is not pos among other things.

DMD is pos has too much supply

Myriad is innovative but i dont think it will survive the longrun
futurecoin is crap
and dvorak is a scam.

i can fix everything.. get me a dev!!

not sure what you can fix, if you are not able to program anything. The only thing you can fix is the 0.7BTC for another shitcoin.
(don't worry you will find someone... and most likely you just want a premine for yourself Grin

)

i am very knowledgeable on every aspect of science and technology and mathematics. no i do not want a premine for myself.. but i was willing to provide a premine to the investors who made up the money to pay the dev. they are the only ones will benefit from a premine.. which they paid for beforehand essentially. i can head the project development.. but im not a coder in c++. that is all.

You cant head, or lead a fast growing technologically improving & ever growing medium, if you fight the technology behind it. Your like a guy in 1895 that wanted his lights to go on @ night, but did not want to use a battery or electricity.

Coinler

hero member

Activity: 658

Merit: 500

Quote from: Coinler on June 01, 2014, 04:47:58 PM

Quote from: CryptoLTD on June 01, 2014, 04:31:13 PM

How bout just buy an asic and stop killing the envrioment with power hungry GPU's?

how about a more efficient algorithm for gpus that makes them compete with asics for environmentally friendly label?

How bout stop living in the past & embrace technology.

ok how about you buy me an asic and ship it to me since its so easy to acquire... thanks.. should i msg you my shipping address? no? didnt think so. man u guys can be so heartless. i live in a third world country. everything costs 10 times more what you pay here because of shipping and ridiculous custom charges. since when did crypto become only about the tycoons? i cannot afford an asic. does that make you feel better now?

Coinler

hero member

Activity: 658

Merit: 500

Quote from: Coinler on June 01, 2014, 04:47:58 PM

please make a coin for gpu miners? Huh

? i do not mind farms, but asicas are bad. very bad.

please make pos coin with 1-5% interest per annum with 10 million coins over 3 months using - Algorithm: Grøstl antiasic.. please please please please??? anyone?

mine groestlcoin, DMD, myriad, futurecoin, dvorak etc... nobody waited for you to make such coin... Roll Eyes

Honestly, I prefer that everyday devs are making X11 coins, this way the real good coins can be mined in peace Grin

groestlcoin has low interest in investment because it is not pos among other things.

DMD is pos has too much supply

Myriad is innovative but i dont think it will survive the longrun
futurecoin is crap
and dvorak is a scam.

i can fix everything.. get me a dev!!

not sure what you can fix, if you are not able to program anything. The only thing you can fix is the 0.7BTC for another shitcoin.
(don't worry you will find someone... and most likely you just want a premine for yourself Grin

)

i am very knowledgeable on every aspect of science and technology and mathematics. no i do not want a premine for myself.. but i was willing to provide a premine to the investors who made up the money to pay the dev. they are the only ones will benefit from a premine.. which they paid for beforehand essentially. i can head the project development.. but im not a coder in c++. that is all.

CryptoLTD

full member

Activity: 196

Merit: 100

Quote from: CryptoLTD on June 01, 2014, 04:31:13 PM

How bout just buy an asic and stop killing the envrioment with power hungry GPU's?

how about a more efficient algorithm for gpus that makes them compete with asics for environmentally friendly label?

How bout stop living in the past & embrace technology.

djm34

legendary

Activity: 1400

Merit: 1050

the picture is way better than the austrian recipe Grin

got distracted from the real info Grin

Groestlcoin is converting to pow+pos...

LovSan

hero member

Activity: 644

Merit: 500

(●´ω´●) Nil de nihilo fit

Quote from: srcxxx on June 01, 2014, 02:38:13 PM

please make a coin for gpu miners? Huh

? i do not mind farms, but asicas are bad. very bad.

please make pos coin with 1-5% interest per annum with 10 million coins over 3 months using - Algorithm: Grøstl antiasic.. please please please please??? anyone?

mine groestlcoin, DMD, myriad, futurecoin, dvorak etc... nobody waited for you to make such coin... Roll Eyes

Honestly, I prefer that everyday devs are making X11 coins, this way the real good coins can be mined in peace Grin

groestlcoin has low interest in investment because it is not pos among other things.

DMD is pos has too much supply

Myriad is innovative but i dont think it will survive the longrun
futurecoin is crap
and dvorak is a scam.

i can fix everything.. get me a dev!!

Groestlcoin was created on 22 March 2014 and we’ve seen some interesting few months since then. A lot has also been achieved. We have:

Patched the HeartBleed vulnerability
Updated to Dark Gravity Wave 3
Updated the logo
Created the new website
Created a Reddit tip bot for our users. u/GroestlTip
Built a solid base in social communities like twitter, reddit, facebook
Created an official Groestlcoin forum, paper money generator, extra block explorer, and got listed on numerous exchanges
It is even possible to buy GRS directly with Euro (on 2 different websites).

Building on these important milestones, today we would like to share with you the Groestlcoin roadmap for 2014:

Our most important update: Groestlcoin is going POW + POS (70% POW and 30% POS) on block #150,000 (early July 2014). The community has been asking for it and we are implementing it.

Also, from block #150,000, the new block reward strategy will be used: 25 GRS initially and decreasing 1% each week up to the minimum reward of 5 GRS. The total volume of coins will not be changed and will remain 105,000,000.

It will give us 10 additional years (up to 2033) of mining using the Groestl algorithm and it’ll decrease the inflation levels.

From block #120,000 to block #150,000 the reward will be decreased 10% daily, reaching 25 GRS at block #150,000.

We will launch a Groestlcoin advertising campaign, featuring a bodypainted model in the first week of June. Sneak peak: http://goo.gl/KE2xfO

At block #200,000 (or earlier, if time permits) we will introduce GroestlSend, a way to send anonymous transactions.

Other news is that we will be launching a Groestl/MyriadGroestl multipool during this summer and payouts will be in GRS.

We will keep working on a JavaScript/WebGL Groestlcoin mining website and planning to open it by the end of 2014 (no exact date yet).

Android miner has just been released and it gives about 25-60 KH/s per core, on the latest smartphones/tablets. https://play.google.com/store/apps/details?id=com.miner.groestl and https://play.google.com/store/apps/details?id=com.miner

Another June premiere is a p2pool for Groestlcoin. This will help us better distribute hashes and secure the network.

We are also focusing on the actual usage of Groestlcoin in daily life. Payments with GRS, shops accepting GRS, etc. We just won the CoinPayments.net vote.

Groestlcoin will keep being a community coin and follow the latest trends in crypto currencies.

Thank You,

The GroestlCoin team

https://bitcointalksearch.org/topic/m.7077818

djm34

legendary

Activity: 1400

Merit: 1050

please make a coin for gpu miners? Huh

? i do not mind farms, but asicas are bad. very bad.

please make pos coin with 1-5% interest per annum with 10 million coins over 3 months using - Algorithm: Grøstl antiasic.. please please please please??? anyone?

mine groestlcoin, DMD, myriad, futurecoin, dvorak etc... nobody waited for you to make such coin... Roll Eyes

Honestly, I prefer that everyday devs are making X11 coins, this way the real good coins can be mined in peace Grin

groestlcoin has low interest in investment because it is not pos among other things.

DMD is pos has too much supply

Myriad is innovative but i dont think it will survive the longrun
futurecoin is crap
and dvorak is a scam.

i can fix everything.. get me a dev!!

not sure what you can fix, if you are not able to program anything. The only thing you can fix is the 0.7BTC for another shitcoin.
(don't worry you will find someone... and most likely you just want a premine for yourself Grin

)

Coinler

hero member

Activity: 658

Merit: 500