New CPUonly and NvidiaOnly coins | Bitcointalksearch.org

digitalindustry

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‘Try to be nice’

Quote from: film2240 on May 06, 2013, 08:35:25 AM

Nicely summed up Managlica.This builds up on some of my points

I agree and it has been brought up in another post i'll find it an edit it in here - the launch is soon, there - https://bitcointalksearch.org/topic/annyac-yacoin-yet-another-altcoin-start-is-now-196196

Hey film2240 - i clicked your link there in red, i got to about page 3 and figured it out -

I've stopped reading just becasue i want to see if i got it right? not becasue i don't like the idea.

- the user downloads the the software - its a CPU BOT and it mines , then pays up a from the other bots under it to that user?

- the user at the top is getting the accumulation of all the Bots power ?

- its like a Bitcoin Bot pyramid ?

i'll read the rest when you tell me if I'm right or not.

markm

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It is not hard really to separate mining, which is about processing transactions into blocks, from minting aka issuing coins.

So mining can continue to use the most-specialised hardware to secure the network while getting paid coins directly rather than by mining them in the form of transaction fees from the transactions required to actually send people their pay involves pretty much any activity anyone who has coins wishes to pay people to do.

So far the largest obstacle really has been miners themselves, so maybe they will turn out to have priced themselves out of the market, making Ripple a far better platform for real use simply because Ripple does not have the overhead of the parasites known as miners sucking all the value out of the currency.

-MarkM-

film2240

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Quote from: Mangalica on May 06, 2013, 08:27:49 AM

1. There is one in the making for that

2. I'm not sure if it is possible, I tend to think it isn't, but

as for both points - and do not take this personally as it is just a general statement - it seems to me that people have forgotten what cryptocoins are all about. They are only partly about mining.

Coins are not FOR the miners, as such, they are intended as a currency, a medium of exchange. Sure, we can have a coin that's only minable for a set amount of people, but that itself brings nothing to the table. Any coin solely designed around that is destined to fail unless it brings something to new to the table and/or people behind it manage to push it in a clever way and it achieves widespread adoption.

The only thing that puts value behind them in the long run is its usefulness as a currency.
So yes, we can have all sorts of special coins, as experiments, i'm not agains that, but their value will be highly speculative and will fade into obscurity within weeks.

Nicely summed up Managlica.This builds up on some of my points

Mangalica

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1. There is one in the making for that

2. I'm not sure if it is possible, I tend to think it isn't, but

as for both points - and do not take this personally as it is just a general statement - it seems to me that people have forgotten what cryptocoins are all about. They are only partly about mining.

Coins are not FOR the miners, as such, they are intended as a currency, a medium of exchange. Sure, we can have a coin that's only minable for a set amount of people, but that itself brings nothing to the table. Any coin solely designed around that is destined to fail unless it brings something to new to the table and/or people behind it manage to push it in a clever way and it achieves widespread adoption.

The only thing that puts value behind them in the long run is its usefulness as a currency.
So yes, we can have all sorts of special coins, as experiments, i'm not agains that, but their value will be highly speculative and will fade into obscurity within weeks.

film2240

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For your CPU only idea,your best best is Scrypt even though it's been shown to be possible to mine on a GPU (maybe there's a CPU version of it,I just don't know)

As for your Nvidia only coin idea-you'll need to make your miners require CUDA (Nvidia only,can't run on Radeons) rather than use OpenCL (both Nvidia and Radeons) for the CUDA only coin.

After you sort out these two obstacles,you need to be able to show the merits of your idea so that a wider audience will be convinced that your ideas have merit rather than some experiment that'll be shortlived (like SLC,Tenebrix,Ixcoin,etc).Your ideas also need to be something that people will be happy to actually use to trade for things.Making coins for the sake of mining won't exactly be valuable (due to limited uses).

I'd like to see how this develops

gica_contra

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Quote from: tytanick on May 06, 2013, 08:09:25 AM

I am wondering.
1. There should be coins that are only for cpus (cant be mined on gpus and asics)

2. And next , coin for Nvidia players. (and will have slow performance on radeons)

Is it possible 1 ? 2 Huh

You can make your own coin and premine all of it. what's next? Cytrix 586 only coins? Roll Eyes

tytanick

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Simplemining.net Admin

I am wondering.
1. There should be coins that are only for cpus (cant be mined on gpus and asics)

2. And next , coin for Nvidia players. (and will have slow performance on radeons)

Is it possible 1 ? 2 Huh

Topic: New CPUonly and NvidiaOnly coins (Read 970 times)