So it's based off F@H?
Would it be possible to base this on something like ICM/AutoDock?
Topic: PRE [ANN] CureCoin development continues.... - page 21. (Read 94919 times)
One of the purposes of the coin is to give both ASIC and consumer-hardware owners the ability to earn the coin with computational efforts, and allowing it to be merge-mined tends to devalue coins and gives it the stigma of a 'secondary' coin unfortunately. Merged mining is certainly an interesting concept for the currency, but we want it to be both a primary currency and a network of scientific computation
Is there anything innovative about the coin itself or is it just dev coin with the numbers changed? Gridcoin is kind of doing the same thing with BOINC instead of folding but its actually built into the client to adjust the amount of coins someone earns (5-150) based on how much computational power they're putting toward bionic. Neither system seems perfect yet, hopefully we see something like XPM but useful in the future.
Gridcoin's hard-coded block reward is pretty easily exploitable, a quick change in the way the code detects BOINC would give max coins every time a block is mined. Something like protein folding is nearly impossible to integrate as a central proof-of-work simply because, while they do take lots of computational work to complete, also take a large amount of computational work to confirm, so the network would be slowed down. This coin is built around a split folding/mining system. Also, a folding solution or POW built into the blockchain would cause the coin to be nearly impossible to add new computational projects to, while the current CureCoin system makes this extremely easy.
Unfortunately there is a major fault in gridcoin coding... And from what I see it only measures cpu % ... Which almost seems like a slightly skewed way to mine another coin while using gridcoin.
Curecoin offers a much different level of research gains in terms of total petahashes gained since curecoin will be gpu and cpu compatible for medical research at launch time. The work is also much more cheat proof then the well attempted but imo failed launch of gridcoin. Anyone that can read coin source will see it has a serious flaw in the coin base ... I like the efforts of gridcoin dev... Maybe the grid coin dev would like to work with team cure coin? Any how ., team curecoin is growing. .. I don't know if anyone leaked this detail yet but we already have top of the line nividia card to reward to a curecoin user.
Sent from my GS3 phone
Gonna start a newsletter signup soon, so people can get weekly or bi-weekly (twice weekly) news about CureCoin, protein folding, etc.
One of the purposes of the coin is to give both ASIC and consumer-hardware owners the ability to earn the coin with computational efforts, and allowing it to be merge-mined tends to devalue coins and gives it the stigma of a 'secondary' coin unfortunately. Merged mining is certainly an interesting concept for the currency, but we want it to be both a primary currency and a network of scientific computation
Is there anything innovative about the coin itself or is it just dev coin with the numbers changed? Gridcoin is kind of doing the same thing with BOINC instead of folding but its actually built into the client to adjust the amount of coins someone earns (5-150) based on how much computational power they're putting toward bionic. Neither system seems perfect yet, hopefully we see something like XPM but useful in the future.
Gridcoin's hard-coded block reward is pretty easily exploitable, a quick change in the way the code detects BOINC would give max coins every time a block is mined. Something like protein folding is nearly impossible to integrate as a central proof-of-work simply because, while they do take lots of computational work to complete, also take a large amount of computational work to confirm, so the network would be slowed down. This coin is built around a split folding/mining system. Also, a folding solution or POW built into the blockchain would cause the coin to be nearly impossible to add new computational projects to, while the current CureCoin system makes this extremely easy.
One of the purposes of the coin is to give both ASIC and consumer-hardware owners the ability to earn the coin with computational efforts, and allowing it to be merge-mined tends to devalue coins and gives it the stigma of a 'secondary' coin unfortunately. Merged mining is certainly an interesting concept for the currency, but we want it to be both a primary currency and a network of scientific computation
Is there anything innovative about the coin itself or is it just dev coin with the numbers changed? Gridcoin is kind of doing the same thing with BIONIC instead of folding but its actually built into the client to adjust the amount of coins someone earns (5-150) based on how much computational power they're putting toward bionic. Neither system seems perfect yet, hopefully we see something like XPM but useful in the future.
Love the idea of this, but don't the folders get the short end of the stick here? The coins are split evenly between the asics/folders but the electricity cost is significantly higher on the folding side. Should be interesting to see how the folding side of things go over time. I just worry the incentive will always be there for the asics but not always the folders.
Good question!
The payouts are even for both networks, meaning all folders combined make as much as all ASIC miners combined. Therefore, it really depends. If most people jump on with ASICs, then folding would actually have better pay per kWh. To put this in perspective, a $300 ASIC and a $300 GPU would, theoretically, earn the same amount, however since a GPU uses more power, people are likely to, if buying new hardware, opt for ASIC-based, thereby increasing the relative profitability of that $300 GPU.
Due to the fixed bridge between the two portions of the network's computational infrastructure, there should always be some kind of balance maintained automatically by people adding hardware on both sides to compensate for higher per-capita coin availability in one network or the other.
When people say ASICs are more efficient, they are really saying that ASICs use less kWh per GH, but since we're comparing GH to PPD through a constant ratio, energy efficiency will be only one of many factors that affect the extend of both computational power's profit margins.
Wouldn't it have been better to just merge mine the coin into bitcoin and give less reward to that side? I mean the whole thing about this coin truly is the folding side of it, but instead of maximizing the incentive to fold, you cut the potential folding economy in half. The more money going to the folders the more people will fold and I believe the idea behind this to get more people to fold. Whereas if it were merge mined it would get mined regardless with a high hash rate. Maybe I'm over thinking it...
One of the purposes of the coin is to give both ASIC and consumer-hardware owners the ability to earn the coin with computational efforts, and allowing it to be merge-mined tends to devalue coins and gives it the stigma of a 'secondary' coin unfortunately. Merged mining is certainly an interesting concept for the currency, but we want it to be both a primary currency and a network of scientific computation
Been waiting for something like this for ages, always thought integrating Folding@Home with a coin would be excellent as so much more computing power could go to a good cause rather than mining some standard alt clone. I'd like to add this coin to my pool as well.
I'm a little confused with how folding gets counted. I see ASIC mining is as usual, join a pool and mine with cgminer et al then get rewarded by finding blocks but where's the correlation between using the Stamford client and this coin? From what I understand you use the standard Folding@Home client, how does this link into CureCoin?
Sorry if I missed this somewhere.
I'm a little confused with how folding gets counted. I see ASIC mining is as usual, join a pool and mine with cgminer et al then get rewarded by finding blocks but where's the correlation between using the Stamford client and this coin? From what I understand you use the standard Folding@Home client, how does this link into CureCoin?
Sorry if I missed this somewhere.
Folding payouts are done by our folding pool(s), which will count your stats, find what percent of total CureCoin folding efforts your folding represents, and pay out that percent of the daily 45% of the network
Love the idea of this, but don't the folders get the short end of the stick here? The coins are split evenly between the asics/folders but the electricity cost is significantly higher on the folding side. Should be interesting to see how the folding side of things go over time. I just worry the incentive will always be there for the asics but not always the folders.
Good question!
The payouts are even for both networks, meaning all folders combined make as much as all ASIC miners combined. Therefore, it really depends. If most people jump on with ASICs, then folding would actually have better pay per kWh. To put this in perspective, a $300 ASIC and a $300 GPU would, theoretically, earn the same amount, however since a GPU uses more power, people are likely to, if buying new hardware, opt for ASIC-based, thereby increasing the relative profitability of that $300 GPU.
Due to the fixed bridge between the two portions of the network's computational infrastructure, there should always be some kind of balance maintained automatically by people adding hardware on both sides to compensate for higher per-capita coin availability in one network or the other.
When people say ASICs are more efficient, they are really saying that ASICs use less kWh per GH, but since we're comparing GH to PPD through a constant ratio, energy efficiency will be only one of many factors that affect the extend of both computational power's profit margins.
Wouldn't it have been better to just merge mine the coin into bitcoin and give less reward to that side? I mean the whole thing about this coin truly is the folding side of it, but instead of maximizing the incentive to fold, you cut the potential folding economy in half. The more money going to the folders the more people will fold and I believe the idea behind this to get more people to fold. Whereas if it were merge mined it would get mined regardless with a high hash rate. Maybe I'm over thinking it...
Been waiting for something like this for ages, always thought integrating Folding@Home with a coin would be excellent as so much more computing power could go to a good cause rather than mining some standard alt clone. I'd like to add this coin to my pool as well.
I'm a little confused with how folding gets counted. I see ASIC mining is as usual, join a pool and mine with cgminer et al then get rewarded by finding blocks but where's the correlation between using the Stamford client and this coin? From what I understand you use the standard Folding@Home client, how does this link into CureCoin?
Sorry if I missed this somewhere.
I'm a little confused with how folding gets counted. I see ASIC mining is as usual, join a pool and mine with cgminer et al then get rewarded by finding blocks but where's the correlation between using the Stamford client and this coin? From what I understand you use the standard Folding@Home client, how does this link into CureCoin?
Sorry if I missed this somewhere.
Love the idea of this, but don't the folders get the short end of the stick here? The coins are split evenly between the asics/folders but the electricity cost is significantly higher on the folding side. Should be interesting to see how the folding side of things go over time. I just worry the incentive will always be there for the asics but not always the folders.
Good question!
The payouts are even for both networks, meaning all folders combined make as much as all ASIC miners combined. Therefore, it really depends. If most people jump on with ASICs, then folding would actually have better pay per kWh. To put this in perspective, a $300 ASIC and a $300 GPU would, theoretically, earn the same amount, however since a GPU uses more power, people are likely to, if buying new hardware, opt for ASIC-based, thereby increasing the relative profitability of that $300 GPU.
Due to the fixed bridge between the two portions of the network's computational infrastructure, there should always be some kind of balance maintained automatically by people adding hardware on both sides to compensate for higher per-capita coin availability in one network or the other.
When people say ASICs are more efficient, they are really saying that ASICs use less kWh per GH, but since we're comparing GH to PPD through a constant ratio, energy efficiency will be only one of many factors that affect the extend of both computational power's profit margins.
Love the idea of this, but don't the folders get the short end of the stick here? The coins are split evenly between the asics/folders but the electricity cost is significantly higher on the folding side. Should be interesting to see how the folding side of things go over time. I just worry the incentive will always be there for the asics but not always the folders.
I like this idea, I was thinking of a way to have a crypto with usefull calculations.
I will surely mine this
I will surely mine this
will definitely join this project when it goes live
When CureCoin will be launch, i need exactly this software to mine with CPU/GPU?? http://folding.stanford.edu/
Yup! The installer (assuming you are on Windows?) will install FAHClient which will handle all the threads for GPU/CPU mining, and the program 'FAHControl' will allow you to set settings and configure/stop/start the folder.
The most original coin of late! Keen to fold and mine this one when it starts.
When CureCoin will be launch, i need exactly this software to mine with CPU/GPU?? http://folding.stanford.edu/
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC 
Awesome
Have you done protein folding before? Would you like some help setting it up? No never, i will follow the guide!
Awesome, let me know if you need any help!
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC
Awesome
Have you done protein folding before? Would you like some help setting it up? No never, i will follow the guide!
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC
Awesome
Have you done protein folding before? Would you like some help setting it up?
Perfect! I think i will mine with Triple combo GPU+CPU+ASIC
Jump to: