Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 268. (Read 1053098 times)

Highly unlikely. As the asics arrive your GPU value will go down. I can buy 7970s for $200 ATM

Scrypt asics will do to scrypt exactly what asics did to BTC. They will drive up the difficulty to high and render all but the large GPU farms useless. Eventually the large farms will die out too when you can't mine enough to be profitable. JMHO

It is funny to see the amount of anonimity coins popping up.

Is the blockchain still broken? Poolerino is still not paying out anything. Should we continue to mine?

Great, about the Wolimierz Station and the Playground project:

- first batch of 78,77 PLN has been sent

We are now a "supporter":
https://polakpotrafi.pl/projekt/plac/wspieraja

I'm not sure yet how to check the balance (already donated amount) but I'm pretty sure they said that you can "top-up" the donation, i.e change the reward afterwards.

I'm planning to describe every detail here:

http://www.simplynoble.net/wolimierz/

I wonder if you, the community, demand more proof from my side?
NOBL->BTC transaction you can see directly on an exchange, but BTC->PLN needs an account on another exchange (bitcurex).
(Ultimately - sending thje PLN to crowdfunding platform - I can look for the wire transfer confirmations for example, as I'm using my private account to send the funds).

Frankly, Noblecoin is in quite the precarious situation. Unlike a lot of coins with “low” network hashrates, Noblecoin actually has a lot of infrastructure. It sounds like it is time to further the security of the network, but it’s a tricky thing because you can’t really trust a lot of the things in this scene. One of the biggest issues is how to entrust mining security to random miners who are usually in this for profit. With the advent of ASICs, it’ll keep being harder and harder unless there are key supporters that can carry the “burden” of mining (after all, one farm of ASICs can easily cause a lot of issues). There are so many other intricacies with regards to this situation, but the path forward is quite unclear. However, once you decide on the path forward regarding solving this security issue, it’s paramount that the team and the community stick with it.

As a note (assuming you haven’t already done so; after all, the team usually seems to be on top of things), you may want to look at how Terracoin (TRC) dealt with the ASIC issue when SHA-256 ASICs (i.e. Avalons) first started coming out. Although, the issue was for something quite different (abuse of the highly adaptive difficulty algorithm), they took steps to further their network security while maintaining their listing on BTC-e with minimal impact in the long run. The team might be able to glean something worthwhile by looking at TRC as a case study.

My teacher was MZC btw  
 
 

Those quick profits comes from pure ponzi schemes, and like every ponzi scheme it can't run forever - suckers will run out of money.

A usual noob needs to get burned at least one time in order to understand the true real value of a virtual coin, so let them play I am not worried.

My teacher was MZC btw 
 

(edit: yes, exactly, I'm also talking about promotion, but I mean purchasing a REAL hardware to support NOBL long-term

----
I'm thinking how to support those users who want to dedicate to mining NOBL with a new ASIC.

How to facilitate the purchase?

Maybe the Marketplace working as a reseller of Zeus ASIC?
(or another ASIC beeing shipped, but should possibly be modular and cheap — a Blizzard for $200 looks good to me)

Maybe a big discount (or a discount at all) in return for a promise of mining only NOBL for the next 1 month (or something like that)?
Such a discount should be applied AFTER the period of dedicated mining, not before, I think, so it will look like a "partial return" of the purchase cost. If it it will be just a discount, I don't see a way to avoid the clever buyers, who will just purchase the unit and sail away.


I know, the one and only incentive should be the dev, the coin and the community, but you know, it looks like almost everyone is running in all directions looking for a profit. Such a difficult time to gather new attention and new people, I think... But in the meantime we have to support the blockchain with more mining power, a little more dedication at the moment, because just watching from a side and talking seems to be not enough.

If we, Noble miners, won't switch to asics, very soon we will be dinosaurs. (= extinction) Am I wrong?

Edit2: Also, a quick calculation: my old rig 670 kH/s (1x7950) I can sell for $500 or even more (bought for $700).
It allows me to buy 2-3 Zeus Blizzards, in total 2.4-3.6 MH. Which means ability to support the NobleCoin network with 4x - 6x more power, basically without any cost. Show me an error in this reasoning.

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Yeah, I think the perfect fix, for the long term, would be having 1000+ ppl in the community, each one with 5 MH ASIC .

How about a tip jar + renting scrypt mining power + paying back noble coins to the donators (by percentage donated)?
Everybody wins  

I will donate(buy) some - its like buying noble with mining power instead of regular trade market and should be more or less the same price.

But anyway we need to find a fix for the long term.

EDIT: Maybe we can even start a mining promotion? We can use some of the market place discount coins? block finder bonus or pplns bonus ?

Come on!

Dust off your unprofitable rigs, turn it ON!
(I just did, again on Charity Pool)

Or rent some hashes! (I'm looking into it right now).

EDIT: OR (the best option IMHO) Order some ZEUS ASIC, starting from $200! (Waiting for a paycheck......)

Well, I just came up onto the idea of creating a "tips jar"
for renting some hashes during such dark times.... thoughts?

Be vary wary!!! Particle announced switching to X11 POS and the price subsequently halved!!!!

I disagree.

I'm not going to flame, but why can't this rapidly evolving technology that needs to be embraced apply to ASICs?

I don't think changes to the algo are necessary at the moment and that the only effect it would have is to make the coin look weak and that it wasn't designed correctly.

I like the idea of having different coins all under the Noble brand that all have different properties, such as PoS, X11 etc..

Then I guess whichever coin has most merit will be the one that people decide to trade with.

What about groestl ?
With or without POS.


X11 is shady as fuck, I bet FPGA ASIC miners are already exist (If you ask me they were there since day 1).

This is technology.

Technology evolves...rapidly

Crypto will continue to evolve....rapidly

Just like in business, Cryptos that embrace this change will survive and grow.

That MY opinion anyway.

I'm sure there will be others here that don't believe this and flame me for stating the obvious.

X11 or PoS, unless you can think outside the box and really come up with a NEW game changing technology or feature.

As rofo may have mentioned and various people have pointed out, these new 'fads' are more hyped up than they really should be. They all have their vulnerabilities that makes them weak to certain types of attacks and methods of undermining the vaunted 'invincibility' of their algorithms. Changing to Pos for instance, is a very time consuming and delicate process that can actually result in more vulnerabilities for the coin. It would be akin to cutting off your arm to save yourself the pain of lacerated fingers. Pos with its already publicized weaknesses can overshadow the threats we now face.

As I said, these attacks are persistent but defensible against with methods we know of now. The question is, are you and the community willing to spend time, effort and some money to support a crypto currency that has a dedicated, willing and honest dev and will sooner or later catch the eyes of those who are even bigger players (those who are eyeing the coin and crypto currency from the outside at the moment)?

What we have now is both a tech race, and individual know-how race against those who will either hype up a 'new' tech to profit greatly, vs.  those who really want to create an innovative, solid crypto currency.

The bottom line for coins in this constantly changing world, where legitimate technical advancements such as merged mining are often overshadowed by latest profit drawing 'fads', is that a coin needs a strong dev and community that are willing to work actively to solve technical problems and fight against those who seek to destroy a coin.

We know what we need to do: Increased, secure hash rates in one form or another, and community willing to either help the dev themselves with technical assistance, or reach out to those who are capable of performing such tasks.

Let's make it happen