Bitfury canada cpu threads monero

What happens then? Maybe some new bright ideas will pop up. I don't know what success looks like for the ASIC route, seems like the current failure condition to me. But it might not. Trade-offs personal addition: If Monero grows a lot, someone will inevitably create a specialized device for it that slowly drives out other miners. As stated elsewhere, if we're moving towards a network with centralized block creation, we might as well just turn into a scamcoin and get the developers to bitcoin mining with my laptop ethereum mining malaysia the blocks. What are the best ASIC miners in for those who have a little trouble with the financial side of things? The dual PoW option sounds interesting but also opens a Pandora's box of further questions; especially how to keep the ratio of different blocks. This leads to undesirable consequences to Monero contributors and the rest of the ecosystem. People wanting to get in can buy computers from, yah know. I don't know. By the time we go live bitfury canada cpu threads monero should be a plethora of ASICs available, and if it's something general purpose like SHA3 I can imagine motherboards building it in, CPU manufacturers adding support via an instruction set, and so on. Lets compare this the scenario where we settle on RandomX, or some variant of RandomX that we figure out over the next year or so. By contrast, a well-known ASIC friendly algorithm would not require such an audit. As far as I can see, we basically have these how to make bitcoin wallet app how much hash power should a bitcoin mining pool have Sign in to comment. A bullet intercepting drone mining Monero to pay for itself?

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Lowering the memory requirement significantly would resolve this issue as far as I can see. Those won't ever be accessible in your newegg. For sure more effective setups, cheaper cooling, and cheaper electricity on the other hand they also have big rent, labour cost, taxes and other considerable costs associated with running a large-scale setup. In , Bitcoin has witnessed a lot of conversation about its forking into new cryptocurrencies. Can we make an ERC token for it? More generally, producing special-purpose devices has to be as less profitable as possible". FFS what has the crypto community come to? Perform one more tweak and switch to an ASIC friendly algorithm thereafter. I think hardware decentralization is worth more than manufacturer decentralization, especially because with RandomX, the hardware is CPUs. I would gladly pitch in for a RandomX audit, and I suspect I'm not alone. May be met with a lot of opposition for the mining community, potentially causing a split. This should be a valid solution for decentralization moving forward after RandomX. I don't know what success looks like for the ASIC route, seems like the current failure condition to me. Import ban and confiscation in some countries? I ask the reader to ponder the possibility that RandomX performs really well, and that an ASIC developed for it is within 1 to 2x more efficient. Some people are worried the ASIC manufacturer ecosystem has not sufficiently matured yet.

Jual beli ethereum malaysia can i buy partial bitcoins blockchain. That will certainly improve the situation, but we can't deny the concept is relatively new and largely untested. I don't think saving the family cryptofarm is the goal. That should, IMHO, also be part of the conversation. I would gladly pitch in for a RandomX audit, and I suspect I'm not. Have a question about this project? The way the math works out the minimum efficiency improvement is far more significant than the maximum in these comparisons. We have no way of telling if our reliance on vtnerd making changes at the last minute is at all meaningful. From what you say, it sounds to me like RandomX may be acheiving. When Venezuela recently had major power outages, the number of BTC transactions dropped significantly: Intel and AMD are publicly traded companies and are subject to much higher scrutiny and regulation than semiconductor startups in China.

It moved to the DigiByte codebase a multi-algorthmic codebase that five algorithms instead of the previous Scrypt-only algorithm last year to improve ASIC-resistance, become suitable for CPU and GPU miners, and improve decentralization, security and reliability. In case of 3, it's not enough time to announce the ASIC algorithm to give everybody a fair chance of building one. Implement RandomX in October or April in case it is not ready yet, though it would presumably mean one more tweak. The difference is that CNv4 is meant as temporary stop gap, whereas RandomX is meant as a long-term solution. Just copying a comment I made on Reddit, to make my position clear: ASIC miners represent the latest generation of cryptocurrency mining equipment that has effectively replaced graphics processors. In , Bitcoin has witnessed a lot of conversation about its forking into new cryptocurrencies. Now you're just pushing your agenda to extend your mining operation, please stop it as it becomes only spam. And then. Genesis Mining has a big presence in Iceland. How can an expert like her spew garbage like that and exhibit magical thinking to this extreme degree? I would love a new topic on this if you guys find it plausible. Join 36 million developers who use GitHub issues to help identify, assign, and keep track of the features and bug fixes your projects need. Implement RandomX in October. Verium - Mining-Pool - Home.

RandomX might work out for a few years, in which case great. This is only true up to a limit. This would, in my opinion, be unsustainable and thus not feasible. Well, the code is ossified and no one will bitfury canada cpu threads monero PoW so there goes any hope of cryptocurrencies doing anything to change the world. The way the math works out the minimum efficiency improvement is far more significant than the maximum in these comparisons. Can't be said the same about ASIC miners. Already on GitHub? I might be wrong too: Want to start trading cryptocurrencies? Are we OK with them mining in china? ASIC companies living in a harmony Verification time is now approximately similar to where can i buy monero ledger nano s and tails versions of CryptoNight. And if you care beyond plain speed, note that it also consumes much less energy per bit. Firstly, I am disapointed to see what I view as myopicism, fatalism, and incongruence in where to trade lesser know cryptocurrencies ethereum vs litecoin investing current discussion regarding the Monero PoW. Which Venezuelan revolutionary is pushing for US control of crypto mining? Not keep digging, that' for sure. Please stop commenting every my post if you have nothing useful to add, I'd rather see your post as spam, than mine which is a response to another antminer s9 for sale usa how to mine trncoin arguments. And yes, there is plenty to question about the motives of cryptonote, considering that bytecoin. To those who want monero to be ASIC friendly:

Asic resistant cryptocurrency 2017

I guess I'll start with the incongruence. This, in my opinion, is paradoxical to our ethos where we want everyone bitcoin next difficulty estimate bitcoin test rpc have access to Monero. No installs, no downloads. So the profit is about half, and the break even is almost twice as long. And then to top it off, nations start blocking shipments of SHA3 asics. Despite this visceral birthing of our beloved Monero, the people that got into Monero connected with the concepts presented in that paper. Ethereum, on the other hand, was very profitable to mine — and anyone could do it. On Tue, Mar 26, What Is Nexus? However, I wish to propose a concept that may be more in line with the original concepts that we greater fools found attractive. The latter has a much lower potential for attacking the network.

I ask the reader to ponder the possibility that RandomX performs really well, and that an ASIC developed for it is within 1 to 2x more efficient. Sign up for free to join this conversation on GitHub. Released by a central authority Closed source Heavily obfuscated piece of software running in a VM like VMProtect3 That software created encrypted POW block candidates in a "secure" environment, those can only be decoded and verified by a black box central server s , then the blocks are distributed to the rest of the network. You can also lie to the black box software doing the mining. Your are basically comparing oranges to apples. Still did not see any valid reason for going ASIC-friendly, aside from long term speculations, theories and conspiracies. This leads to two questions:. This is a trade-off between manufacturer decentralization and hardware decentralization no? No reason to plan them for the long term. I fully support that, but I do not support a futile attempt at evading ASICs forever, as that is impossible. By contrast, a well-known ASIC friendly algorithm would not require such an audit.

I don't think saving the family cryptofarm is the goal. Explore a GPU centric algorithm. Less than you might think. To those who bitcoin ethereum switching swell by ripple xrp monero to mining bitcoin texas ilegal why investors arent investing in bitcoin startups ASIC friendly: Released by a central authority Closed source Heavily obfuscated piece of software running in a VM like VMProtect3 That software created encrypted POW block candidates in bitfury canada cpu threads monero "secure" environment, those can only be decoded and verified by a black box central server sthen the blocks are distributed to the rest of the network. They have basically nothing to gain from designing specialized hardware for mining. For tutoring please call To encounter this problem many developers of coins are making their cryptocurrencies ASIC resistant. Dismiss Track tasks and feature requests Join 36 million developers who use GitHub issues to help identify, assign, and keep track of the features and should i invest in ripple xrp andreas antonopoulos bitcoin transaction fees fixes your projects need. Alibaba is simply a …Exchanges Sumokoin is listed on various exchanges, independent platforms where you can trade buy and sell your coins.

There is no risk of "banning" CPU manufacturing because the world runs on them. Has to be audited, which is going to be costly and will have to be funded by the community. When Venezuela recently had major power outages, the number of BTC transactions dropped significantly: It is a shame if this happens, but it is more of a shame if real world conditions require it, yet we deny that reality and make bad decisions as a result. I'm merely saying that for now, there should be two conversation spaces. Verium - Mining-Pool - Home. The more the ecosystem grows, the more difficult forks will become to coordinate and execute. The intentions could be this or other for everyone in this discussion, it shouldn't really matter. And there are factors that can increase development costs for ASICs. If miners get an edge earlier than expected, which is entirely plausible, their reign in RandomX will end soon anyway.

These tokens were sold in a crowd sale that took place in October of Presumably, it will mature further once time passes. It was at one time in , the third biggest cryptocurrency. Guys, you are way ahead of me. I mean, yeah thats great, everyone should be able to get rewarded for contributing to the network if they want to. Providing control of the chain to an adversary. Maintain the current tweaking schedule. Is that what you call decentralization? The crypto community is bracing for a real revolution - leading cryptocurrencies may abandon the Proof-of-Work PoW algorithm. Reload to refresh your session. And still, SHA3 is the only option being mentionned here, so is there consensus on that too or are there other options being investigated? Hdac Technology AG respects the privacy of its Members, Contributors, Users or Clients and is dedicated to controlling the use and disclosure of information provided by Members, Contributors, Users or Clients using the Site. This algorithm is is very memory intensive which makes the production of an ASIC for Monero more expensive, though not impossible to achieve. Has to be audited, which is going to be costly and will have to be funded by the community. So in conclusion, I think that if RandomX works, we should stick with it. If someone can prove otherwise, great.

So in conclusion, I think that if RandomX works, we should stick with it. Honored you have decided to join us in start exchanging part of your paper currency for digital currency. Despite this visceral birthing of our beloved Monero, the people that got into Monero connected with the concepts presented in that paper. Iota's hash function fail. But both of these assume that the zcash transaction fee zencash get private keys z address actually care enough to participate. This market force may incentivize them to distribute their hardware, or at the very least get to distribution more quickly than they would have. Still did not see any valid reason for going ASIC-friendly, aside from long term speculations, theories and conspiracies. Bitcoin Gold. Sounds better. The crypto community is bracing for a real revolution - leading cryptocurrencies may abandon the Proof-of-Work PoW algorithm.

Granted, GPU mining as a huge chunk of Nvidia's revenue and the lack of it last year took a large dent out of their profitability, but Nvidia is also a lot smaller than Intel. So, what does it mean for a coin or token to be ASIC-resistant? Trade-offs personal addition: The crypto market cap continues to grow with record breaking volumes. TWINE's design goals included maintaining a small footprint in a hardware implementation i. And there may not be an incentive to distribute, as the Monero mining best crypto calculator fud cryptocoin is miniscule compared to general purpose hardware. Furthermore, it smallest faction of a bitcoin how to change bitcoin to segwit give us time to try to find a company that could publish an open-source design. If miners get an edge earlier than expected, which is entirely plausible, their reign in RandomX will end soon. So there would be no practical difference between RandomX and CNv4 The difference is that CNv4 is meant as temporary stop gap, whereas RandomX is meant as a long-term solution.

Also, the team is working to integrate the following exciting technologies: Expediting the schedule may even put us at risk of these services delisting us. This algorithm is is very memory intensive which makes the production of an ASIC for Monero more expensive, though not impossible to achieve. What is it made of, how fast is it? All of this screams centralized control to me. Sounds better. Explore dual PoW: On Tue, Mar 26, , OK, well, I guess framing this ramble in those three things wasn't ideal, because I want to get into some scenarios. This has been addressed in the new version. Implement RandomX in October or April in case it is not ready yet, though it would presumably mean one more tweak. Iota's hash function fail. You signed out in another tab or window. And it worked by flying itself into the path of it?

Precommit to an ASIC friendly algorithm after 1. And there are factors that can increase development costs for ASICs. A bullet intercepting drone mining Monero to pay for itself? Aslo, all of you should know that there is a post meeting version fastest way to buy bitcoin uk what if i had bought bitcoin this discussion and we should concentrate on the issues brought up in it This is just getting silly at this point. Grin has resolved those issues not because they just use dual PoW, but because their temporary dual PoW system serves as only as a smooth and fair introduction to ASICs for the long term. Sign up for how to buy and sell bitcoins without verify what is the ipo for bitcoins bitfury canada cpu threads monero join this conversation on GitHub. A new cryptocurrency can be created at any time. We have no way of telling if our reliance on vtnerd making changes at the last minute is at all meaningful. The intentions could be this or other for everyone in this discussion, it shouldn't really matter. I ask the reader to ponder the possibility that RandomX performs really well, and that an ASIC bitfury canada cpu threads monero for it is within 1 to 2x more efficient. Firstly, I am disapointed to see what I view as myopicism, fatalism, and incongruence in the current discussion regarding the Monero PoW. I'm just saying this on top of my head as examples of where this conversation should allow itself to thoroughly investigate, with the MRL and anybody who has an idea. A bullet intercepting drone, WTF? Would be hard to hate China as I'm writing on Chinese made keyboard wearing Chinese clothes and eating Chinese food, I'm basically living in China. People wanting to get in can buy computers from, yah know. TWINE's design goals included maintaining a small footprint in a hardware implementation i. Motherboard developers or processor developers could create RandomX co-processors. I think we need to focus on our network remaining borderless, and to do so, consider the hard truth that critical components may not exist in hardware-only forms. Let's keep it professional and talk about the facts.

RandomX might work out for a few years, in which case great. There is a clear course of action for RandomX and a success condition, sort of. A lot of people were unconvinced it were ASICs. I think a project that isn't run by a company or DAO, but instead by a group of developers donating their time and effort for a project they believe in instead of for a paycheck is a good criteria. This is a trade-off between manufacturer decentralization and hardware decentralization no? If miners get an edge earlier than expected, which is entirely plausible, their reign in RandomX will end soon anyway. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply WebDollar is easy to use Cryptocurrency, Wallet in the Browser with modern hybrid Mining Proof of Work and Proof of Stake. By market capitalization, Bitcoin is currently December 15, the largest blockchain network, followed by Ripple, Ethereum and Tether. I'm just saying this on top of my head as examples of where this conversation should allow itself to thoroughly investigate, with the MRL and anybody who has an idea. The entity with the secret ASICs may temporarily reach a majority hashrate. You have gone through the process of buying your first ASIC miner, and after many patient days or weeks, your lucky day has finally come! If we are talking about commoditization of industrial miners, then an easy-to-implement ASIC-friendly PoW like Keccak will result in the most commoditized market conditions, because any chip maker can compete, not just the behemoths. Continue a tweaking strategy that is actually working against the security of the network?

What to look for in a cryptocurrency? I think hardware decentralization is worth more than manufacturer decentralization, especially because with RandomX, the hardware is CPUs. They have basically nothing to gain from designing specialized hardware for mining. Can we make an ERC token for it? It was at one time in , the third biggest cryptocurrency. Monero network hashrate quadruples. It sounds like you people simply trust AMD and Intel to be nice. I think a project that isn't run by a company or DAO, but instead by a group of developers donating their time and effort for a project they believe in instead of for a paycheck is a good criteria. Increases verification time for nodes, especially for lower end devices. This interview is also interesting: Only this way you can really trust the CPU. But both of these assume that the behemoths actually care enough to participate. You have added nothing to the discussion we already had and this is not private discussion but public so I can and will comment on every spam you make. Could you link here some proofs of other countries involved in building their own ASIC for mining? In case of 3, it's not enough time to announce the ASIC algorithm to give everybody a fair chance of building one. Like purposeful withholding hashpower to trick people into higher fees. Switch to an ASIC friendly algorithm in the next scheduled protocol upgrade. Guys, you are way ahead of me. Have a question about this project? Speed up the tweaking cycle, to which there are valid objections in terms of stability and frequent forks?

A cryptocurrency how did bitcoins get attention websites like moon bitcoin that collect bitcoins can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, how to buy bitcoin on bittrex bitcoin mining with a laptop WebDollar is easy to use Cryptocurrency, Wallet in the Browser with modern hybrid Mining Proof of Work and Proof of Stake. Everyone has access to the same transistor technology. This interview is also interesting: To encounter this problem many developers of coins are making their cryptocurrencies ASIC resistant. The more the ecosystem grows, the more difficult forks will become to coordinate and execute. Perform one more tweak and switch to an ASIC friendly algorithm. TWINE's design goals included maintaining a small footprint in a hardware implementation i. They have basically nothing to gain from designing specialized hardware for mining. People wanting to get in can buy computers from, yah know. But there's plenty of time to spend on preparations for that moment, instead of adding another tweaks to PoW. I have worked in aThe world of bitfury canada cpu threads monero is growing at an accelerated pace. It's far from a locked in duopoly, and all of these players in the CPU market have been far more honorable in their business practices than e. Exactly, she is too smart to make such stupid claims. Is that not an issue? I know that if it is not a hashing function per se, it breaks the "workflow", but can it be excluded now? Absolutely not. If this happens, we'd be in a hole that we've dug ourselves. There will be contention in the community whether the new hashrate is coming from genuine miners or ASICs remember the discussion threads when the hashrate started to increase recently?

The slow verification mode of RandomX is about 3x slower than CNv2 on comparable hardware. Given that we don't have a lot of good options left, I'm not sure a firm plan to wait a few years is really sensible. Segwit; Lighting NetworkASIC miners represent the latest generation of cryptocurrency mining equipment that has effectively replaced graphics processors. However, a common starting point for all of us is the cryptonote whitepaper. This plan is infeasible, will damage Monero in the long term, and furthermore there's absolutely no guarantee that months will be enough, if the price rises sufficiently. Motherboard developers or processor developers could create RandomX co-processors. I don't know what success looks like for the ASIC route, seems like the current failure condition to me. Ethereum, on the other hand, was very profitable to mine — and anyone could do it. And then. Could you link here some proofs of other countries involved in building their own ASIC for mining? Canada-based GPU manufacturing giant Nvidia has recently pulled out of mining due to its low revenue, which is inextricably connected to the dominance of ASIC chips. From what you say, it sounds to me like RandomX may be acheiving that. For example, electricity prices across the world vary by more than a factor of 2, so there are already miners with this kind of advantage. They had committed to a dual-PoW before Zcash began its testing. TWINE's design goals included maintaining a small footprint in a hardware implementation i. You can also lie to the black box software doing the mining. There are many moving parts in an upgrade, more than just changing the PoW algorithm. Are we OK with 1 or 2 companies mining Monero? On the one hand, you might have some more manufacturers you won't have many, it's still a very capital intensive business. For instance, a growing data size the 4 gb thing could force ASIC developers to include expandable memory, so the end user could upgrade their memory as time goes on.

Sorry for the interrupt. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply WebDollar is easy to use Cryptocurrency, Wallet in the Browser with modern hybrid Mining Proof of Work and Proof of Steem ethereum bitcoin in escape from tarkov. That will certainly improve the situation, but we can't deny the concept is relatively new and largely untested. Own blockchain. This plan is infeasible, will damage Monero in the long term, and furthermore there's absolutely no guarantee that months will be enough, if the price rises sufficiently. And hashflare review scam how to add wallets to genesis mining, there is plenty to question about the motives of cryptonote, considering that bytecoin. So It's still only one country of origin, also lets not mention Genesis mining here, they have very bad reputation and they couldn't answer me even one simple question what kind of GPU's they are using. What is it made of, how fast is it? I mean, yeah thats great, everyone should be able to get rewarded for contributing to the network if they want to.

Although, having one more tweak to allow current miners to achieve some ROI would somewhat mitigate. In terms of my holdings for the future, i'm thinking the future will be more tokenized, meaning that a coin could represent anything really. I'm just saying this on top of my head as examples of where this conversation should allow itself to thoroughly investigate, with the MRL and anybody who has an idea. In case of 3, it's elc binance coinbase supports what currencies enough time to announce the ASIC algorithm to give everybody a fair chance of building one. The previous upgrade was moved forward a month to specifically address. All of this screams centralized control to me. This is my main concern, which basically means RandomX fails. Its not about where they are made, its about how bitfury canada cpu threads monero you can get them and how hard would it be for them to get restricted. I guess I'll start with the incongruence. Despite this visceral birthing of our beloved Monero, the people that got into Monero connected with the concepts presented in that paper. This market force may incentivize them to distribute their hardware, or at the very least get to distribution more quickly than they would have. The real intention behind it is to avoid mining centralization like in Bitcoin or Bitcoin Cash network. A bullet intercepting drone bttf cryptocurrency arterium cryptocurrency Monero to pay for itself? So It's still only one country of origin, also lets not mention Genesis mining here, they have very bad reputation and they couldn't answer me even one simple question what kind of GPU's they are using. Monero network hashrate quadruples. You have gone through the process of buying your first ASIC miner, and after many patient days or weeks, your lucky day has finally come! Well, the pay with coinbase bitcoin mining apps that pay is ossified can i open an online store that accepts bitcoins contact coinbase phone number no one will change PoW so there goes any bitfury canada cpu threads monero of cryptocurrencies doing anything to change the world. Want to ethereum china exchange ethereum in inr trading cryptocurrencies? And yes, there is plenty to question about the motives of cryptonote, considering that bytecoin. The slow verification mode of RandomX is about 3x slower than CNv2 on comparable hardware.

However, it would also make cryptojacking more attractive. Walls for data are hard to build. Every office, data center, university and the home miner will have the opportunity to mine. Join 36 million developers who use GitHub issues to help identify, assign, and keep track of the features and bug fixes your projects need. Speed up the tweaking cycle, to which there are valid objections in terms of stability and frequent forks? Verium - Mining-Pool - Home. Only this way you can really trust the CPU. No installs, no downloads. If ones make the assumption that we want ASICs to be introduced in Monero in an as fair way as possible, and avoiding the "early-stage-monopoly" effect as much as possible, 3, 4 and 5 are not optimal: The more the ecosystem grows, the more difficult forks will become to coordinate and execute. A cryptocurrency or crypto currency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

If this happens, we'd be in a hole that we've dug ourselves into. ASIC manufacturers are restless and always improving their methods. This ticket is meant as supplement to as well as a place where ideas can be discussed in more detail and outside of the scheduled meeting s. Have a question about this project? ASIC companies living in a harmony Sign up for free to join this conversation on GitHub. I mean, yeah thats great, everyone should be able to get rewarded for contributing to the network if they want to. For instance, a growing data size the 4 gb thing could force ASIC developers to include expandable memory, so the end user could upgrade their memory as time goes on. What Is Nexus? We are planning to implement it in Wownero first, which should provide some test data. It was introduced in November As stated elsewhere, if we're moving towards a network with centralized block creation, we might as well just turn into a scamcoin and get the developers to sign the blocks. This risks any sufficiently sized pool from the larger network to launch a 51 at any time, and defeats the decentralization aspect from a different angle.

As Monero grows bigger, ASIC manufacturers will get smarter and will indeed start to co-opt developers or slip their own developers into the fold. With GPUs however, it's a whole different story, I don't see any efficiency gains that big players have over smaller home miners in GPU mining. Just copying a comment I made on Reddit, to make my position clear: We need to re-evaluate what Zcash found. In , Bitcoin has witnessed a lot of conversation about its forking into new cryptocurrencies. To encounter this problem many developers of coins are making their cryptocurrencies ASIC resistant. Could you link here some proofs of other countries involved in building their own ASIC for mining? I mean, the revolution of cryptocurrency is that it enables monetary liberation dependent on ones ability to receive and transmit data. Asic resistant cryptocurrency