Topic: [poll] Is there room for another new Hashing Algorithm? (Read 1603 times)
Yes,need a new hashing Algorithms
i think that we need new way to share coin instead of new algo!
Brace yourselves, NeoScrypt coming to rescue GPU mining. Feathercoin Develpment Team did it.
Absolutely what most of the coins need right now in order to protect small miners with GPUs and give them a chance to earn something. ASICs and FPGAa are ruining it for everyone...Also, I don't get those people who rent their rigs so cheap and allow riches to get even richer. It would be better to sell their rigs that to do this...
Brace yourselves, NeoScrypt coming to rescue GPU mining. Feathercoin Develpment Team did it.
best recent algo for miners was fresh. i'd like to see a clone with better features.
{sigh}
there will always be new hashing algos and new bunches of functions - that is the permanent solution to Proof of work
so if there is for example 10 Algos in the market
how many PoW functions can you make out of those ?
now include the fact that you can add random functions.
what's the number now?
comprehending?
so if its a new single algo - heres how it will be judged in future:
on its voltage efficiency - and how well it adapts to CPU:GPU in ratio to one another.
there will always be new hashing algos and new bunches of functions - that is the permanent solution to Proof of work
so if there is for example 10 Algos in the market
how many PoW functions can you make out of those ?
now include the fact that you can add random functions.
what's the number now?
comprehending?
so if its a new single algo - heres how it will be judged in future:
on its voltage efficiency - and how well it adapts to CPU:GPU in ratio to one another.
there's always room for n + 1 algos, however it's very much a dog eat dog world. For each new algo that pops up it has to kill another one off, effectively making the existing algo obsolete in some way, in order to become big.
So room for more, yes, room for more widely used algos, not really.
With that said, I strongly believe that we'll achieve something truly great with FTC and the new algo. Our developers have put in a lot of great work and it looks promising (god I'm gonna stand with my pants down and feel ashamed after this statement if the algo takes a complete nosedive ). Scrypt has served it's purpose as an algo for GPU mining, that time's over now and a successor is very much needed. X11 and Scrypt-n hasn't quite managed to step up and become that, so at the moment I'd say there's a free space up for grabs in the room right now.
So room for more, yes, room for more widely used algos, not really.
With that said, I strongly believe that we'll achieve something truly great with FTC and the new algo. Our developers have put in a lot of great work and it looks promising (god I'm gonna stand with my pants down and feel ashamed after this statement if the algo takes a complete nosedive
). Scrypt has served it's purpose as an algo for GPU mining, that time's over now and a successor is very much needed. X11 and Scrypt-n hasn't quite managed to step up and become that, so at the moment I'd say there's a free space up for grabs in the room right now. 
Yes we need new algorithm that again give boost to GPUs.
the problem is renting now, not asic
we need something against renting
Also this yes. I am small miner with one 280x and 270 and for six months I have been mining with profit, but now I just turned off my rig (also because of summer) and bought Xeon E3-1230 v3 and rather play games than mine with loss.
Yes, we need a algo that is ASIC and FPGA proof.
Yes we need new algorithm that again give boost to GPUs.
the problem is renting now, not asic
we need something against renting
Room? yes
but why?
you only need so many asic-resistant algos..
but why?
you only need so many asic-resistant algos..
Yes we need new algorithm that again give boost to GPUs.
who cares hashing algorithms all do the same thing, that is POW.
thanks for the replies, looks like the Yes vote is wining, most people are still interested in seeing new Algorithms in coins...
Keep voting...
Keep voting...
Most PoW coins use the hashcash algorithm, with varying hash functions.
Your thread title contributes to the common misconception that all PoWs are of this form.
More interesting are asymmetric algorithms, where verification time/memory
is unrelated to (and often negligable compared to) proof-attempt time/memory.
Examples: Primecoin, Momentum, MemoryCoin2.0, Cuckoo Cycle.
Your thread title contributes to the common misconception that all PoWs are of this form.
More interesting are asymmetric algorithms, where verification time/memory
is unrelated to (and often negligable compared to) proof-attempt time/memory.
Examples: Primecoin, Momentum, MemoryCoin2.0, Cuckoo Cycle.
I think neoscrypt is exactly what many coins have been waiting for to fix the scrypt problem. ASICs are here already and the majority of miners have GPUs not expensive ASICs which is causing centralisation. Never a good thing for a decentralised currency.
From what I've heard neoscrypt is an updated version of scrypt but I guess we will have to wait until the go live date to see exactly what's inside.
Feathercoin is a real leader in this space. Which is likley due to its established community and long term vision!
From what I've heard neoscrypt is an updated version of scrypt but I guess we will have to wait until the go live date to see exactly what's inside.
Feathercoin is a real leader in this space. Which is likley due to its established community and long term vision!
Of course there is.
Neoscrypt is promising example aiming to solve current Scrypt crisis:
https://forum.feathercoin.com/index.php?/topic/7486-official-feathercoin-newsletter-34/
(check chapter 2)
Neoscrypt is promising example aiming to solve current Scrypt crisis:
https://forum.feathercoin.com/index.php?/topic/7486-official-feathercoin-newsletter-34/
(check chapter 2)
Yes but what is 1400 compared to 7 billion? There is still long way to go so OP should start programming instead of hanging out on forum.
Dude, i already code coins, check my previous posts
Yes but what is 1400 compared to 7 billion? There is still long way to go so OP should start programming instead of hanging out on forum.
Currently there is only about 1000 alt coins
Sort of. According to our count (of “mooted” coins, not necessarily launched or even completed development) the total has now reached 1400+. Currently reads 1357 in total, another 4 dozen to add imminently.
The complete list and the metadata we collected is published using semweb tech: DOACC
https://github.com/DOACC
There's a softer, more immediately-accessible arty presentation:
* “All teh coinz”: with logos, all on one page:
http://minkiz.co/coin/
* “To-day we had the naming of parts”: names & symbols, alphabetically organised, in tabs for easy navigation
http://minkiz.co/coin/name/
* “A Clash of Cymbals”: symbols & names, alphabetically organised, in tabs for easy navigation
http://minkiz.co/coin/symbol/
and ... more pertinent to this thread:
* “Foundry”: Bitcoin Core templates in the algo of your choice - a variety of hashing solutions (i.e. a list)
http://minkiz.co/foundry
I was able to make use of this detailed background to work out some potential optimisations for QubitCoin’s hashing algos and wrote a technical post about it which contains a lists of hashing algo and links to listing and benchmark sites:
https://bitcointalksearch.org/topic/m.7887013
Question is, how many of the existing algos have not yet been used in altcoins? The Hash Function Zoo is a good place to fossick for hashing algos:
http://ehash.iaik.tugraz.at/wiki/The_Hash_Function_Zoo
Cheers,
Graham
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