because asic manufacturers should be working toward that right now then and we should be able to see some change to hashrate at some point indicating that hopefully
hey! I'm new here and want to better understand the implications of the newest PoW changes. Regarding this post that summarizes the effects of the changes (https://www.grin-forum.org/t/proof-of-work-update/713/27)
- Only GPU miners will be able to mine for the first 2 years, while the dual equihash + cuckoo cycle algorithms are in effect.
- After 2 years, the Grin team is assuming a decentralized ASIC marketplace. At that point, Grin switches over to cuckoo cycle only, which is very efficient for ASICs. Everyone will mine with ASICs, but this is not a concern because at that point, the ASIC market is “mature” and will be decentralized, allowing small miners to continue to mine grin.
- Assumption: the Grin team will extend the 2-year period as long as needed for the ASIC market to be “mature”.
- For GPU mining at start of mainnet, it makes sense to use 1080ti w/ 8GB memory
From the discussion above, it sounds like #3 is incorrect and 2 years will be the max that the 2 algorithm solution is supported.
#1 is also incorrect and some ASIC mining is expected in the first 2 years.
Is everything else still true?
GPU PoW will be instantly verifiable and efficiently solvable in 8 GB
most likely:-)
maybe @valdok if you're still around?
but those may turn out to be provisional
they thought picking params no-one else has reduces ASICs odds. but a single ASIC would likely handle multiple instances where n/(k+1) is fixed
so they wouldn't be essentially different from (144,5) and other alrd deployed
https://github.com/scipr-lab/dizk, dizk.org, literature and implementation in Java of distributed zkSNARK proof system from a talk given today at http://www.zeroknowledge.fm/summit/ -- video https://youtu.be/4O6ZuqgDLnk?t=4280
Might be related to governance discussion https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3243656
how did you hear about this paper @hashmap
Some slides from Beam presentation today at Zero Knowledge Summit, I hope all slides will ve available soon. http://www.filedropper.com/beam
"goods of value to smaller communities or “entrepreneurial public goods” where a small community has an idea for
a public good that is not widely understood at the time for funding. These may well receive no funding
from democracy; this is an important reason why most small communities are funded primarily by charity
or Capitalism rather than 1p1v [one person one vote]."
a public good that is not widely understood at the time for funding. These may well receive no funding
from democracy; this is an important reason why most small communities are funded primarily by charity
or Capitalism rather than 1p1v [one person one vote]."
https://getmonero.org/2018/09/05/a-post-mortum-of-the-multiple-counting-bug-2018-09-05.html
This blog sets out the multiple counting bug, of which two variants existed. The goal of this blog post is to provide a detailed explanation of aforementioned bug, how it was used to exploit services, merchants, and exchanges, and how it was handled by the Monero (dev) community.
This blog sets out the multiple counting bug, of which two variants existed. The goal of this blog post is to provide a detailed explanation of aforementioned bug, how it was used to exploit services, merchants, and exchanges, and how it was handled by the Monero (dev) community.
Indeed, but even more scary was the bug in all cryptonote currencies that allowed to create new coins from noting :)
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html
"We patched it quite some time ago, and confirmed that the Monero blockchain had NEVER been exploited using this, but until the hard fork that we had a few weeks ago we were unsure as to whether or not the entire network had updated.
"Once we were certain that the network had updated, we notified all active and affected CryptoNote coins, including CryptoNote themselves, Bytecoin, Forknote, Boolberry, DashCoin, and DigitalNote."
"Once we were certain that the network had updated, we notified all active and affected CryptoNote coins, including CryptoNote themselves, Bytecoin, Forknote, Boolberry, DashCoin, and DigitalNote."
reading now
@0xb100d "Unfortunately, however, the severity of the bug was underestimated until (i) an exchange got exploited via a fork of Monero and (ii) a security researcher (jagerman) on HackerOne provided an elaborate report on how to utilize this bug to steal funds from exchanges."
why not go for monero directly
dont know how I missed the first one
the one published today going to make price go down after it just had a couple good days lol
probably only thing that could be done
probably both for redundancy in case one goes down
