© [PRE-ANN][VMINE] X11 | POW/POS | 15 MH Hashrate Limited | Close Source - page 7.

vnnbot

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Activity: 294

Merit: 100

Quote from: KeyserSozeMC on July 25, 2014, 12:00:49 PM

Quote from: n3rfherder on July 25, 2014, 11:46:53 AM

Quote from: KeyserSozeMC on July 25, 2014, 11:38:43 AM

Isn't that centralization? Sad

That is what people tried to say about Minerals and now Revo. It's not centralization at all, it's limitation for a short period. Centralization requires that those involved have no say or idea of how things function at it's core level. PoW ends, source is shown and things go on as any other coin.

Centralization occurs when one entity mints and distributes the currency/coin. I'm sure you are aware that is not how this works as the minting/mining occurs on the blockchain.

Not trying to be rude but I am sure I shouldn't have to explain these simple concepts to you as you are a veteran around here and I'm pretty fucking sure you know how everything in relation to crypto works.

They're limiting the approach of other pools, that's what I meant by centralization. All the pools will run from their end.
It's like we just have "X bank" in the entire world.

They will be gathering all mining fees, hash power, people.

No worries, it's a forum after all, we're here to discuss as civilized people

Dont worry, we will public all pool-wallet-addresses. You can check pool's payout in block explorer.

nongdanvoz

member

Activity: 93

Merit: 10

VN coin

Like like ....

KeyserSozeMC

hero member

Activity: 742

Merit: 500

I'm dying.

Quote from: n3rfherder on July 25, 2014, 11:46:53 AM

Quote from: KeyserSozeMC on July 25, 2014, 11:38:43 AM

Isn't that centralization? Sad

That is what people tried to say about Minerals and now Revo. It's not centralization at all, it's limitation for a short period. Centralization requires that those involved have no say or idea of how things function at it's core level. PoW ends, source is shown and things go on as any other coin.

Centralization occurs when one entity mints and distributes the currency/coin. I'm sure you are aware that is not how this works as the minting/mining occurs on the blockchain.

Not trying to be rude but I am sure I shouldn't have to explain these simple concepts to you as you are a veteran around here and I'm pretty fucking sure you know how everything in relation to crypto works.

They're limiting the approach of other pools, that's what I meant by centralization. All the pools will run from their end.
It's like we just have "X bank" in the entire world.

They will be gathering all mining fees, hash power, people.

No worries, it's a forum after all, we're here to discuss as civilized people

vnnbot

full member

Activity: 294

Merit: 100

Quote from: bathrobehero on July 25, 2014, 11:45:31 AM

I don't think a centralized, closed source approach is the way to go. Besides, it's still not protecting against the massive amount of small rentals.
And if you'll have more than one pools, you can't possibly restrict us not to use all of them at the same time. But if you'll have only one, or all of them will belong to you than the coin will have trust issues.

Multi pool but one database. We can monitor it to make sure the limitation works.

Multi-pool in multi-location around the world is good for connection speed for everyone, means low reject jobs during mining.

Multi-pool is good against DDoS attack.

Frizork

member

Activity: 62

Merit: 10

I cant vote Cry

totoy

hero member

Activity: 623

Merit: 500

watching

vnnbot

full member

Activity: 294

Merit: 100

Quote from: yellowduck2 on July 25, 2014, 11:38:57 AM

why x11 ?

All pools will be operated by us

Not good. U can have whatever u want on source and nobody know. Get trusted pool to host this. Look for supernova operator OCMiner. He is hosting for Revo and its working very well.

Supernova has been reported "Low reward - Lost Hashrate" somewhere bitcointalk forum. You can check it yourself.

Anyway, you can join in or just leave it.

n3rfherder

sr. member

Activity: 336

Merit: 250

Quote from: KeyserSozeMC on July 25, 2014, 11:38:43 AM

Isn't that centralization? Sad

That is what people tried to say about Minerals and now Revo. It's not centralization at all, it's limitation for a short period. Centralization requires that those involved have no say or idea of how things function at it's core level. PoW ends, source is shown and things go on as any other coin.

Centralization occurs when one entity mints and distributes the currency/coin. I'm sure you are aware that is not how this works as the minting/mining occurs on the blockchain.

Not trying to be rude but I am sure I shouldn't have to explain these simple concepts to you as you are a veteran around here and I'm pretty fucking sure you know how everything in relation to crypto works.

escalicha

hero member

Activity: 658

Merit: 1003

Interesting!

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

I don't think a centralized, closed source approach is the way to go. Besides, it's still not protecting against the massive amount of small rentals.
And if you'll have more than one pools, you can't possibly restrict us not to use all of them at the same time. But if you'll have only one, or all of them will belong to you than the coin will have trust issues.

yellowduck2

hero member

Activity: 868

Merit: 1000

Quote from: CryptoGretzky on July 25, 2014, 11:43:01 AM

Quote from: yellowduck2 on July 25, 2014, 11:38:57 AM

why x11 ?

All pools will be operated by us

Not good. U can have whatever u want on source and nobody know. Get trusted pool to host this. Look for supernova operator OCMiner. He is hosting for Revo and its working very well.

How do we know there won't be major phantom miners on the pool stealing shares if you are the only pool running AND it's closed source....?

It's happening right now

https://bitcointalksearch.org/topic/annrvc-revocoin-pos-pow-10000kh-miner-limit-launch-22-07-683567

OCMiner is hosting limit hash pool. Read the whole thread. U know it works. BUT if this were to be host by the same person who make the coin, i dont think it will work well

Getting a trusted 3rd party to host pool can cross check the code for the community to make sure there is no hidden blocks and huge premine.

coolisbad

full member

Activity: 140

Merit: 100

Finally! Somebody picked up this great ideea! Limited hasrate is very good for fair distribution, and even better for value, as minerals demonstrated. That is, if you are honest and you do it right. Good luck with this coin, I'll be mining.

CryptoGretzky

sr. member

Activity: 322

Merit: 250

Quote from: yellowduck2 on July 25, 2014, 11:38:57 AM

why x11 ?

All pools will be operated by us

Not good. U can have whatever u want on source and nobody know. Get trusted pool to host this. Look for supernova operator OCMiner. He is hosting for Revo and its working very well.

How do we know there won't be major phantom miners on the pool stealing shares if you are the only pool running AND it's closed source....?

auy

member

Activity: 336

Merit: 10

How mining hashrate limited?
This idea is so cool?
However, you can register a different account Cry

Frizork

member

Activity: 62

Merit: 10

Quote

Specifications:

No-Premine
No IPO

Thanks

seedtrue

legendary

Activity: 963

Merit: 1002

I'm a unicorn.

letmegohome

newbie

Activity: 13

Merit: 0

when this coin launched , i'am old ,

yellowduck2

hero member

Activity: 868

Merit: 1000

why x11 ?

All pools will be operated by us

Not good. U can have whatever u want on source and nobody know. Get trusted pool to host this. Look for supernova operator OCMiner. He is hosting for Revo and its working very well.

KeyserSozeMC

hero member

Activity: 742

Merit: 500

I'm dying.

Isn't that centralization? Sad

vnnbot

full member

Activity: 294

Merit: 100

reserved.

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