Post
Topic
Board Announcements (Altcoins)
Re: [VNL] Vanillacoin | WPX | ECC | O(1) routing | Random ports | CoinPP | POW/POS
by
CryptoClub
on 26/04/2015, 04:03:21 UTC

While the FPGA advantage is mainly power consumption I picked the whirlpool hash function because it runs about 10-50 times faster on hardware than other hash functions. That said, the move to FPGA's will be a huge leap forward in terms of hash output vs GPU devices.

Thank you for your support.
That violates the most basic requirement (in my opinion) for every coin. That is, to be mineable by everyone with a computer.
But I don't expect from you to understand this  Cheesy
You proved before, that you are a great developer but you don't  think too much of the morals of your creations.
FPGA support is an energy efficient evolutionary step forward. I myself cannot mine Vanillacoin because GPU's are too costly to operate currently. Cool

Thank you for your support.
Well yes and no. If you already have a gpu that does 250MH/s, you can buy a $100 FPGA and eventually get 250MH/s on it using 1/40th of the electricity. But you could also mine with that GPU for A LONG time for $100 worth of electricity (even if you have high rates like myself). And right now the best option is probably just buying $100 worth of VNL at these prices. I like to mine with GPUs because they are already paid for, no new hardware to invest in. Now I am not opposed to buying FPGAs, but if the required mining software is not going to be released publicly as soon as it is done, then we are just back to the game of not mining on FPGA or mining with slow FPGA code while some users are mining with far faster code.  I thank Smolen for finally stepping up to the plate and releasing a more efficient gpu miner, and I find GPU mining still fun and if the price of VNL moons, then whatever I am spending on electricity now is insignificant. Just like mining bitcoin in the early days. If VNL ends up being just another coin that does just ok or fails, well then I may lose $500 on electricity, but I am sure hoping that is not the case as VNL holds the most promise of any coin I have seen since BTC. Getting the world to see and accept and adopt it is a big job though.

I agree and am very happy about Smelter. The vast majority of VNL I just buy cheaply from exchanges anyway, but it is fun mining something with real promise. Something I am not worrying about quickly dumping for BTC, but rather, something I buy with extra BTC from other trades.