Changing the hashing algorithm
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Sorry for the post, but are there any links to what Neo is about or are you guys trying to develop it from a bastardisation of blake or something?
What are the main benefits we can look forward too for GPU mining or not 100% on stats yet? (other than maybe lower power and asic _resistance _short term)
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It is what Scrypt has been used to be: memory intensive, ASIC resistant, more secure. It isn’t a bastardisation of anything. The complete specification will be in the press release.
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Yes if they agree to keep it confidential until the official public release. On the other hand, if they say “yes, but not very soon”, they get the code after the public release anyway.
I will hold back the code until the official public release
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Time is running out. We need to be completed within 10 days.
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There is a small yet annoying bug left in the switch process. Once eliminated, I set up a testnet with a couple of P2Pools. NeoScrypt itself is fine.
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Which profile will be used?
Or is that not finally defined?
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i cant wait for this guys, All the luck to people working on this!
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That will be a great achievement! I wish good luck to all the hard working developers.
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After launching NeoScrypt, a marketing campaign is necessary to get the world know.
Reshuffling the webpage can be considered as a great progress.
Here are some good examples–
Cheers!
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Which profile will be used?
Or is that not finally defined?Profile zero. The other ones are for testing or compatibility.
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After launching NeoScrypt, a marketing campaign is necessary to get the world know.
Reshuffling the webpage can be considered as a great progress.
Here are some good examples–
Cheers!
Web was redesigned already, without any effect.
We are preparing different PR.
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I think the website already looks pretty slick. I think we will get a lot of exposure from the launch of the new algo!
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The bug I’ve spotted recently is that CreateNewBlock() may segfault client under certain circumstances which can be reproduced. While it may be unrelated to NeoScrypt in general as I haven’t changed anything related to block structure, it is an important security issue which needs to be tracked down.
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This is a great thread and completely nessecary discussion.
I worry that the whole thing could be controlled by a handful of big farms and that somehow the big money players forsaw this all along? Even planned it? If it is not decentralized then I am back to real commodities I can hold in my hand.
With that said I think it needs to be kept in mind that ASIC mining is way more energy efficient. If we fight ASIC we kill the efficiency level of mining, large scale or small, it still requires electricity. I was mining using (2) 7950 GPU’s burning 550 watts at the wall to produce 1.2Mhs, switched to a ASIC for Scrypt miner burning 12 watts and producing the same or greater hashing power with way less space, heat, cost, noise, and setup hassles.
The focus needs to be on decentralization for sure, but effeciency needs to be a high priority or people won’t add miners to the network.
My two cents worth
~//~
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Asics generally turn it in to a business only endeavor. That’s pretty much it. with asics you put up lots of money for power sipping super fast 1 purpose devices. with gpu you put up much less money for power hungry versatile devices. if you choose to only use those devices for mining, then at some point they will be more expensive (well, debatably, since once asics are made they start constantly upgrading the devices) but really you are trading up front cost for on going cost. If the development community stays committed to the enterprise the miners will be there. I wouldn’t be concerned about that.
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Asics generally turn it in to a business only endeavor.
Agreed, ASICs suck the fun (and life) out of coins.
Can’t wait for the new algo…perhaps an ideal launch date is the meetup on the 26th? Coupled with a live stream, some pints, and plenty of interested parties in attendance?
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Why don’t we change total supply of coins to 100M with this hard fork?
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Why don’t we change total supply of coins to 100M with this hard fork?
I’m no expert but that could mess with a lot of things couldn’t it?
I don’t see why we would devalue the existing supply by increasing it… then who’s to say it would happen again and again…
I would like to pitch merged mining with other neoscrypt coins.
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I’m no expert but that could mess with a lot of things couldn’t it?
I don’t see why we would devalue the existing supply by increasing it… then who’s to say it would happen again and again…
I would like to pitch merged mining with other neoscrypt coins.
You don’t understand me Calem 336M -> 100M.
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Lizhi has his teeth into partial POS, you’re gonna need those extra 200 mill for the interest :P
