Quote from: AnonyMint on November 07, 2013, 05:57:56 AM

Quote from: billotronic on November 07, 2013, 02:25:09 AM

Quote from: Luckybit on November 07, 2013, 01:45:39 AM

Quote from: pankkake on November 07, 2013, 01:41:12 AM

Quote from: Luckybit on November 07, 2013, 01:36:11 AM

Its time to stop mining. This coin is not profitable to mine.

There isn't even an established market price.
But we know the drill, mine the coin while people figure out it exists / how to mine it.

Whatever the price is, you wont get very main coins. You'll be lucky if you can get 100 and that is around half a Bitcoin. It's profitable now but it wont be once difficulty goes up.

Quote from: AnonyMint on November 07, 2013, 01:37:41 AM

Quote from: Luckybit on November 07, 2013, 01:36:11 AM

Its time to stop mining. This coin is not profitable to mine.

How can you make that conclusion when you don't know the future value of the coin?

Doesn't it largely depend on whether the coin will be truly CPU-only or not?

Or are you saying you can buy the coin for less than the cost to mine it?

I believe someone is already GPU mining it and planning to dump thousands of coins. I would not count on it being profitable to mine. Where are all the coins going? Seems no one has more than a few hundred. The people who get thousands will be the professional mining companies like Ciphermine.

Agreed, much if nothing else than because that is how the crypto scene works these days. That being said, it is at least refreshing to see something different algo wise even if the 'cpu-only' claim stands up so long.

Let's not kid ourselves, this is just another scam coin BUT might be worth a fun ride in the end

bytemaster still hasn't responded to my logic that the GPU can mine much faster. He said he is sick.

Having a new algorithm is not necessarily good, if it is not based on well vetted cryptography.

My analysis is that Litecoin's Scrypt parameters are better than this new PoW. At least Litecoin reduced the speedup on the GPU to roughly 10 at most, compared to roughly 100 for Bitcoin.

And I know why and I know how to make a CPU-only coin, where the GPU will be 10 times slower.

P.S. when you say it is a scam coin, are you implying the creator is scamming or just that the algorithm doesn't appear to be working as intending?

What I really want to know is if a CPU-only coin is what everybody really wants? I believe so, because I see Litecoin's value has declined since it has been mined by GPUs after an initial runup in price before that.

Anonymint I'd say two things :

1. If you can implement your theory or get someone to you will have much more credibility.

2. If you can build a better PoW algorithm or think you can , work with these people or others .

Now , does a CPU algorithm matter , no I think you will find that it's the dispersion Anonymint , notice these reports of the variances between cloud services and single systems.

If this is real an consistent I think you will find that is important.