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sdf

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Posts posted by sdf

  4. What services do you want to be done in MNC?

    in Mincoin Marketplace

    Posted

    FPGA would be sick, but I'm both excited and weary of the day when scrypt ASIC miners appear in force, as SHA-256 ASICs exist today.  I personally know several people who each own between 1 and 16 ASICs mining at ~500-600 GH/s (for SHA-256).  While I agree that video cards are just not efficient enough, that's only true if ASICs exist.  As soon as 10 people are running ASICs for one coin at 25,000KH/s each, the network hash rate will be so high that the difficulty will increase radically, which is why right now is such an important time to be smart with your GPU scrypt mining and what coins you pick.

     

    But game dev would be awesome as well.  Any computer dev actually.

     

    I think Scrypt ASICs are pretty cost prohibitive, because even if the amount of design hours were the same as the SHA-256 ASIC, the amount of specialized RAM required to run Scrypt meaningfully is SUPER expensive lol.

     

    I know of a few scrypt FPGAs in existence, but their owners have demonstrated worse performance on an FPGA than even a CPU. The bottlenecks are with RAM interfacing for sure, which is something that few people in the world have the time and skill to do right now.

     

    However, I think that FPGAs are rapidly becoming the future to hard computation problems as their price drops many fold from just a few years ago. Much like solar panels, they are becoming the cheap, resource conscious way to solve problems.

     

    Further, mining scrypt to me makes more sense than SHA-256. SHA is a dinosaur algorithm these days, so much so that Bitcoin has had to scale network difficulty to astronomical heights to compensate for how fast devices can hash it. It was also created by the Department of Defense...

     

    Scrypt however relies on 1024 rounds of the scrambling function Salsa20, which was made by the literal computer wizard Dan J Bernstein. If anything, we should mine scrypt as a testament as to how good of a function Salsa20 is. It brings recognition to one of the best cryptographers in the world who is also actively promoting the public's interest in cryptography over the government's.

  6. The Scrypt Algorithm: A Primer

    in Mining Software & Hardware

    Posted

    I've read a bit on scrypt, but this paper is extremely informative, even if some of us goes over my head.  Still though, just like after reading Brian Greene's "The Elegant Universe", I have a much better understanding of it than I did before.  And, as Greene's book inspired me to learn more about theoretical physics, so too did this paper inspire me to learn more about, not just scrypt, but cryptography in general, something I've been meaning to do for a while but just haven't gotten around to.

     

    Thanks for the post bro.  It's insane how powerful scrypt is relative to other encryption algorithms.  Let's just hope P!=NP lol (normally I would feel awkward making a math joke, but I feel very comfortable doing one here...plus, if it's proven that P does equal NP, well...that's the day I'm selling every coin I own and changing every password I have on every website and then going totally offline until I figure out what to do lol...)

     

    PS.  Your top two links are both to the PDF.  The one that says main site is the same link as the white paper - the PDF.  I think you were probably trying to go for http://www.tarsnap.com/scrypt.html

     

    Thanks for catching the goof! I'll fix it right now :)

  9. WHY DIDN'T I BUY MORE MinCoin

    in Trading/Price/Charts - Speculation

    Posted

    Ugh, this thread makes me so upset.  I started mining BTC back in 2011, and I stopped as difficulty made it so I could only mine one BTC every week.  I stopped when I had around 50 BTC, and sold 40 of them at $20 :(

     

    When I came back several months ago, I used some BTC to purchase newer scrypt coins in hopes that their relative values would increase long term.  However, while I've made some great bets, there's a few trades that I wanted to do, but didn't for one reason or another, that would have resulted in >10,000% increase in value just a few short months later.

     

    Have no fear man! These lessons are all ones that can only be learned the hard way :( There are many ways to continue to earn BTC without risking any fiat- let me know if you ever want to work together ^.^

  11. Avoid Getting Caught in Pumps-and-Dumps!

    in Trading/Price/Charts - Speculation

    Posted

    i just read this the other day in someones blog...was that yours?

    i get caught in the pump and dump everytime! i'm done trying for now....i'm just hoarding everything now

     

    Yup should be mine! I publish everything under my own name, but I think some people also repost my writings as well.

     

    Unfortunately, some people acting on my advice last week bought MNC above 002 and I feel a bit bad, but it was impossible for me to predict the BTC explosion. Plus, MNC is worth more today in fiat terms than it was last week, so I still wasn't wrong at least :)

  13. What services do you want to be done in MNC?

    in Mincoin Marketplace

    Posted

    I wonder how hard it would be to get at the information for the recent Humble Bundles (www.humblebundle.com) since they accept BTC payments now.  For indie game devs, maybe some sort of crypto payment setup would be a nice option, I'd think.  

     

    Takes a lot of work to manage all that stuff though, since it's not as easy to find "distributors" of indie stuff.  You have to juggle a ton of companies to sell games of any selection.  Still would be cool, though.

     

    Now, if Steam would accept MNC... mmmm.   :)

     

    Imagine if someone used their fiat to make a crypto competitor to Steam by buying game licenses? Damn that would be huge.

  15. New Here

    in Welcome To Mincoin Forums!

    Posted

    Hey guys,

    I'm new here. Thought I would stop in and introduce myself. I've always been interested in crypto currencies, but have only recently taken serious interest.

     

    In my research on Mincoin, this forum kept coming up. 

    So I thought I would come by and join.

     

    My name's Sammy.

    I run a small web development and mobile app shop in Kansas City. We've recently started taking cryto currency for invoices.

     

    This stuff is awesome, and I want to learn more about it.

     

    So over the next couple weeks, I'll be lurking and probably asking at least a few ignorant questions on the subject.

     

    Bear with me, my intentions are good.

     

    Good luck Sammy! We're here to help at any time. Welcome to the forum ^.^

  18. Is there somewhere a Faucet for MNC?

    in Charities, Donations & Faucets

    Posted

    faucets are great for people who can't really mine it, as they don't have a GPU. or they have a old computer, that is great for surfing the web, typing a report and that's it. But now with a faucets, these group of people can also slowly, build up their own funds and later, be part of the crypto community.

     

    If the funding for the faucets can be supported by the ads, why not. it sometimes beat earning coins through mining and paying the utility company.

     

    zhinkk and i have it in the works :)

  22. Finnish proverb very fitting for the current alt coin market

    in Off Topic Discussion

    Posted

    Heh.  I like that; I feel as though I've heard it before in reference to something else, but it certainly applies to cryptocurrencies.  It's still so young, and yet its community is vast and ever growing.

     

    That and, it's great to get in day one of a new coin lol.

     

    Welcome to the forum and the coin, and thank you for taking a liking to the quote!

     

    I came across it in a song from the Finnish band Moonsorrow- it's called "Kuolleiden Maa". If it has further reach than that song, I'd like to hear about it.

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