Quote from: cryptohunter on December 06, 2016, 04:24:09 PM

Quote from: keyboard warrior on December 06, 2016, 04:10:16 PM

Quote from: sibilant_doge on December 06, 2016, 03:09:31 PM

Did quark become susceptible to ASICs? It seemed like a solid algorithm. Were there technical issues, or did the coins themselves just never generate support due to lack of continuing development?

Quark was massively premined and that put investors off. Other coins like secure coin are using similar algorithms to quark and their networks have been working for years. They normally give their algorithms different names to the quark one but they are essentially the same.

It may have been instamined to a certain degree but nothing like some other coins. It's minting phase was short and the developers although keeping it updated to a certain degree did nothing much with it. The fact it was not premined at all led to the devs not caring about it too much. That stephen guy who used to blast coin releases got a huge amount as did a few others but they dumped it hard at the start too.

As far as I know there are no quark asics but I could be wrong. A few coins are using that algo. Dnet and mue are but mue is changing soon. Quarks algo was good at the time took some time for gpu miners to show up publically anyway.

Shame it collapsed and that all we had was cryptsy really at the time which fucked it all up. Put a lot of new investors off of crypto that came in from outside this board. Bill still was convinced but sadly it was dumped hard. It is all but abandoned and polo and bittrex dont even have it listed. All trade is mostly on btc38.

I guess the question is more about its algo rather than the coin. Some still use it.

Great summary! I piddled around in crypto a bit during the first big wave at the end of '13 then came back recently to discover the world had largely changed. I am approaching things differently this time, and rather than focusing on making a quick buck from being "one of the first 5 minute miners of random catcoin" and now looking at things from a developmental angle. I remember quark being GPU resistant at the time, but see that has changed since.

Currently reading the Princeton Bitcoin Book and hoping I can absorb lessons learned and contribute meaningfully to the development process.