Topic: Who can make a more CPU-friendly altcoin! (Read 1514 times)
I think I would actually propose that there are already multi CPU blocks which would essentially function as ASICs when compared with the effect bitcoin ASICs will have. Any normal set up will only be able to do 1/100 of the power that is available to people with specialized hardware. This really already exists in the CPU world with industrial strength 60 core block like the xeon phi, making "normal" mining already obsolete.
its a very complicated thing, some of the original files people where using for altcoins have been forked and tweeked so badly its a sesspool of crap. I like Yacoin, but any coder can see the hell he put in that code, i am now searching for the original Satoshi ones. Also instead of scrypt-jane, i think i'll opt for an algorithm that will cut out AWS or at least severly limit it, GPU's are a no-no also.
Why is CPU-friendly a desired quality? CPU-friendly is botnet-friendly.
Well, SHA-256D is ASIC/FPGA friendly.
Scrypt is GPU friendly.
I think the point is to move back to an area where extraneous hardware won't give you a severe advantage.
Now, I am saying that I am guessing this is the point.. so save the flames!!
Perhaps... but the market price drives profitability.
It's possible a coin could outpace BTC on profitability... even if it's CPU mined.
However, I am curious to know what people consider a 'botnet'.
I am an AWS subscriber -- and I do use one instance that has 30 cores.
Is it completely profitable to mine this way, no.. not at the moment... but it's fun to play with,
However, does this make me a bot net?
According to who you ask, the answer may be yes.
Now.. I could just as easily go to a thrift store and buy up 20 machines, plug em all in an have the same result.
Am I a bot net now?
No, now I am a farm.
I don't think tagging cloud computing as a botnet is valid.
Now, malware that infects hundreds, or thousands, of machines without the users knowledge... now that is a true botnet.
It's possible a coin could outpace BTC on profitability... even if it's CPU mined.
However, I am curious to know what people consider a 'botnet'.
I am an AWS subscriber -- and I do use one instance that has 30 cores.
Is it completely profitable to mine this way, no.. not at the moment... but it's fun to play with,
However, does this make me a bot net?
According to who you ask, the answer may be yes.
Now.. I could just as easily go to a thrift store and buy up 20 machines, plug em all in an have the same result.
Am I a bot net now?
No, now I am a farm.
I don't think tagging cloud computing as a botnet is valid.
Now, malware that infects hundreds, or thousands, of machines without the users knowledge... now that is a true botnet.
Why is CPU-friendly a desired quality? CPU-friendly is botnet-friendly.
per host wont work...
you just make more, smaller aws instances
you just make more, smaller aws instances
So. It costs $$$ to run each instance. If someone wants to set up 20 instances at 500 k/h each... so be it.
Trace the source of those Super high hashes and turn up with crowbars?
Levelling the playing field. Luddite style.
Levelling the playing field. Luddite style.
As for cloud computing.. I can't see that as a strong argument.
Someone who has the resources can go out and but 100 GPUs, FPGA's or ASIC's and put them online... we face that problem now.
Someone who has the resources can go out and but 100 GPUs, FPGA's or ASIC's and put them online... we face that problem now.
That's probably a fair point, but I did decide to actually do the math. It seems to be about 20$ per KH right now buying the most capable commercial intel processors and it looks like, at the current difficulty of YAC, a 250$ CPU will net you about .82 coins a day. Even if the coin gains enough value to be worth a dollar, it would take about a year to earn back the value of the CPU. And that's at the current difficulty. If it actually took off, the difficulty would of course be much higher.
Compare that to mining BTC or LTC where you can get a 250$ GPU that will net you 50$ a month and start making money after half a year.
What I'm saying is, CPU mining will never be worth investing in unless cloud mining becomes profitable. The only reason to CPU mine is if you already have the resources available. No one's going to go out and spend several thousand dollars when they know they certainly will not make their money back for at least a year, and possibly never.
per host wont work...
you just make more, smaller aws instances
you just make more, smaller aws instances
am working on it right now, but i wont release it until it can withstand AWS and GPU porting. that's the challenge.
Just set a ceiling on total hash power allowed per host.
I was thinking more of a pool that could block ip blocks...ie only one miner from said block, the others have to wait in a queue.....
This is a good idea, but breaks down with people who have dynamic IPs that change regularly.
Still the same concept -- try to force unique values in the mining process to stop botnets.
aye thats why you'd need a queing system....
your miner glitches off, you lose your place in the queue....
you could maybe add a vip whitelist, for 1 ip, that is exempt from the queue, donating 10% of mining or something...
Yes it would limit the coin production....
CPU is closest to be most fair game but AWS is problem. Botnets not that much, they deal with lot of crappy processors but aws has some serious power that is unfortunately exploited by some individuals with yac.
not really exploited. anyone can sign up and pay for it. thats like saying the rich have too much of an advantage with GPU mining cus they can buy more.
Of course anyone can do it but that doesn't mean it wasn't exploited. Anyway, it's semantic stuff, you should know what I want to say
Fair game is close to impossible at this time as computing power is there and easy to get, specially if you have some spare bucks
..I was reading some threads back then when Tenebrix and Fairbrix were released, pretty much everyone was at same hashing power - 3-4kh, lol, nowadays huge power is few clicks away.
Oh no way I didn't even see that, Keeping my YAC in the county!
sweet....thx
I was thinking more of a pool that could block ip blocks...ie only one miner from said block, the others have to wait in a queue.....
This is a good idea, but breaks down with people who have dynamic IPs that change regularly.
Still the same concept -- try to force unique values in the mining process to stop botnets.
as promised
try but it'd shut down most of the aws ones....their a limited set of ip blocks
CPU is closest to be most fair game but AWS is problem. Botnets not that much, they deal with lot of crappy processors but aws has some serious power that is unfortunately exploited by some individuals with yac.
not really exploited. anyone can sign up and pay for it. thats like saying the rich have too much of an advantage with GPU mining cus they can buy more.
I was thinking more of a pool that could block ip blocks...ie only one miner from said block, the others have to wait in a queue.....
but the botnets are all over the country.
CPU is closest to be most fair game but AWS is problem. Botnets not that much, they deal with lot of crappy processors but aws has some serious power that is unfortunately exploited by some individuals with yac.
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