Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 365. (Read 785514 times)

Then I would create another CPU channel, just the same if a Private ASIC came for the GPU channel.  This would then result in 3 mining channels, and more choices for Miners.

Progress is inevitable, all one can do is keep up with it

Viz.

What if a private gpu miner for prime chaining appears?

Actually, I spent quite a bit of time designing the multiple channels to only recieve 50% of the total supply, CPU miners get exactly half, GPU miners get exactly half. This should reduce the impact any private GPU miners could have on the everyday CPU miners, the second factor will be a continually updated public GPU miner.

Making some final touches, will be releasing launch binaries tonight with a time-lock for tomorrow at noon. Depending on the level of GPU miner development, I will have a time-lock on the GPU channel [for a given time post-launch, hopeful for the time-lock to be tomorrow] which will reject all GPU blocks until that time. Once the channel becomes active, the CSD Released Reserve will be given to that channel in pieces for the time it was dormant, or in other words: no matter when the GPU channel launches, GPU miners will receive the same amount of CSD from the Main Net Time-Lock as the CPU Miners, and this will be broken into ~63 CSD chunks for wider spread distribution.

Viz.

we need to think in terms of practically fair 

it can be mined with both a gpu and a cpu.

  its time to make huge profit with private gpu miner? its another "cpu" algo coin ,  you know it

LTCMAXMYR,

I'm going to develop a pool for CPU and GPU miners post-launch. Solo mining for now.

Viz.

has the pool prepared ?
or only solo mining?

Done! registered!

Thank you, Be sure to register on our forum as well  ... petitions are picking up. http://coinshieldtalk.org

very interesting project, wallet and miner working!

Perfect! If you have any suggestion on anything we should add to the forum please let us know.  

Thanks - able to register now.

Thank you for letting me know. It works on my chrome...same version. No worries I have deactivated that captcha and will add security questions instead.

Can't register on the forums... There is nothing next to "Antispam, complete the task", and it throws an error when I click Complete Signup.  Using Chrome 37.0.2062.120 (latest stable).

As for the coins...  NXT probably deserves verification.  I would say Negotium (NTM) should be on the shitlist, not the protection list...  It's a clone if I ever saw one - they don't even have a revision history on github, and no code updates since 5 months ago on initial release.  We need a Petitions For Destroying/Absorbing Economy for Negotium.  If crap coins like that can be listed in the petitions for coinshield verficiation, something is very wrong with this system. 

I think we need a third option in the CoinShield Verification petitions - Yes; No; and No, Destroy/Absorb Economy.  Then, if you put your coin up for verification and it offers no innovation, it can be directly punished and listed for destruction.

Voting Has Begun!!!

Current Petitions For CoinShield Verification:
Negotium (NTM)- http://coinshieldtalk.org/forum/coin/petitions-for-coinshield-verification2/103-negotium-ntm-coin
NXT (No real info given, If you know anything about this coin please voice your opinion or submit a new petition)- http://coinshieldtalk.org/forum/coin/petitions-for-coinshield-verification2/91-nxt


Current Petitions For Destroying/Absorbing Economy:
Unumcoin- http://coinshieldtalk.org/forum/coin-shield-talk/shitcoin-petitions/107-unumcoin-no-more-pools-one-exchange-barely-moving-blockchain
DigitalCommerce  (No info given, If you know anything about this coin please voice your opinion or submit a new petition)- http://coinshieldtalk.org/forum/coin-shield-talk/shitcoin-petitions/105-digitalcommerce

skunk,

Good information, I'll consider this. Thank You 

I have to make a decision on what is most fair, and as far as I see it, I have a responsibility to the whole: CPU Miners, Traders, GPU Miners [AMD], and GPU Miners [NVIDIA]. I have to approach this decision with all factors in mind.

-----------------

Graham,

The way we have it designed as of now is a voting poll on the petition powered by vBulletin. Once the votes on said petition go over a given threshold, and the facts are all verified the decision will be made. This will put the Coin on a voting channel on main site, in which it will gain rank with other petitioned coins. At a given date the coin with the most votes on this page will have a trading channel opened. This is when traders will be free to transfer that coin into the channel in exchange for Coinshield.

While the Coin is on the main site voting channel [before a trading channel is opened], this is when it would be time for appeals to remove from voting. This would have to contain the same supporting facts and community involvement as would its petition. If however, there is significant controversy concerning its appeal, and it is the winning coin [to get an exchange channel], the next coin on the list would be chosen to allow the controversial petitions/appeals extra time to sort out the veracity of both arguments.

Any suggestions are always welcome; as we figure, two layers of voting should allow time for the truth to shine through, but more minds always strengthens an idea.

Thank You,
Viz.

How do you intend to calculate a majority? Will the calculation be made public?

Cheers

Graham

bitcoin is here to stay like coinshield, monero and maybe some other coin, i've reasons to think this is just the last dip (buy!) before the rally
you know better than me about this coin, since a fair launch is in your own interest, i'm confident you'll do the right choice
unfortunately i'm into cryptocurrencies since only few months so i can't tell you who you can trust, but here's what i've learned about the users i've mentioned in previous posts:

djm34: nice and very skilled guy, he added and optimized new algos to ccminer for the last months. he's probably your best option to spend a bounty
cbuchner1: another nice and very skilled guy, it's the original developer of both cudaminer and ccminer, unfortunately he's not very active anymore on the forums and on gitgub, but i'm sure he's still developing private miners if something worthfull is launched
wolf0: yet another skilled guy, but needs to be motivated (read rewarded) for releasing to the public his code (he's usually selling his extremely optimized miners)

again, each of them can do the job for the right bounty, you can read about or contact them on the cudaminer/ccminer thread

skunk,

Good points, Thank You 

For point A, the reason I say this is Coinshield is here to help enhance Bitcoin not the other way around. That's why I have been feeling it pressing as the clone coins are harming Bitcoin and the work that has been put into it by Satoshi and the Bitcoin Developers.

For B and C: This is definitely a possibility, I can put a time-lock on the GPU channel for a given date post-launch while the miners are continuing their development, each channel operates independent of one another. The problem I see though, is that the difficulty will deflate for the GPU's until the released reserve is depleted [So that GPU miners get the same rewards as CPU no matter the time of channel launch] which will cause very rapid block production for that time. This may make it unfair, but it may also be the fairest option.

There is a developer fund from which I can pay bounties, but not until post-launch. Do you know anyone personally that you believe we can trust to supply an optimized NVIDIA miner? This does seem like the right way to go to ensure everyone gets in on the launch floor, it would just need to be coordinated with the correct minds in my opinion to ensure it was released honestly.


Viz.

regarding point a, i fail to see the point how this could affect coinshield...
regarding point b instead what about holding back sk1024 for now and start as a cpu only coin at first? when both cuda and opencl miners will be ready you can announce the opening for gpu mining and nobody (trolls apart) will argue about unfair launch...
finally regarding point c, i propose the same i've proposed to monero's crew for rising funds, even for bounties or for the developers: creating a weekly lottery based on the block hash, where the winner shares the jackpot with the donation bucket (yes, yet another coin feature).
just trying to inspire you