Quote from: FranklinsAce on May 02, 2018, 06:59:26 PM

Quote from: newmz on May 02, 2018, 08:33:21 AM

Quote from: Qwertycoin_QWC on May 01, 2018, 12:05:55 AM

Qwertycoin has been listed on http://CoinLib.io ! View market stats for QWC now:
https://coinlib.io/coin/QWC/Qwertycoin

As always, join the Community on Telegram for the fastest responses as well as support.
Qwertycoin Community: https://t.me/qwertycoin | Qwertycoin Support: https://t.me/qwc_support

We look forward to seeing you there.

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On another note:

We'd like to know your thoughts on changing to an ASIC resistant algorithm for Qwertycoin.
We understand that some members of the community have previously shared their thoughts, but we'd like to get feedback from a wider audience - members looking to join QWC and all.

If you'd like to share your opinions on the matter, please feel free to join the above links or post in this thread.

Thank you.

I already have made my opinion known about this, but in perhaps a bit of a rude way earlier in the thread.

I have a friend who is happily mining QWC with a couple of 1080ti's and some CPUs and making many thousands of them a day - hoping that this coin may one day be worth even $0.10 and he will make some good profit.

I understand his reasoning, and I want to investigate this coin more to try to understand if there is anything that makes it "different" or have some utility to make it stand out amongst the thousands of "shitcoins" out there and if I do like what I find in my research I may mine some too, BUT....

if this coin gains in price and volume enough to get enough attention that plain cryptonight ASIC miners start pointing their hash-rate at it, it will be terrible for the coin IMHO because it will centralize hashing power (CPU/GPU only coins are usually inherently more decentralized) and you will have individuals or groups with large amounts of hash-rate and coins who can manipulate it's price. One example is someone who has lots of hash power of cryptonight can mine QWT right now and make probably millions of coins in days. Then they could "undersell" to artificially lower the price, then once the price has lowered enough they buy back many more, then they wait a week or three and do it again, until they have a huge number of coins. Then they engage in pumping the coin by spending money on social media campaigns to hype it, then they dump all their coins when the price has spiked up a bit.
I think that CPU only coins are ultimately the most decentralized but I don't know how hard it is to find an algorithm like that. MAGI coin has done it for years with M7M. GPU algorithms that use low power or can be mined with almost any GPU are good too.

Anyway, my point is I really WISH you would move away from a non-ASIC resistant algorithm. I wish all coins would but it's too late for the ones that have already gone through CPU to GPU to FPGA to ASIC, unless they fork of course. I think it was very brave of Monero to fork given the market cap they have because forking is always risky and controversial.

This coin is still young and forking it would be easier now than later.

Which algorithm do you suggest? and why?

I think a very obvious and reasonable choice would be cryptonightv7 (if I have that correct?) the same algorithm chosen by other coins previously using cryptonight and chosen for precisely the reasons we have been discussing (ASIC mining resistance).

Many of the software "miners" people already use for qwertycoin have already updated to include this capability so it would be relatively easy for many people to just slightly change some miner config and keep mining. An example is XMR-Stak.

Obviously a hard fork is a big deal, but I am very interested in this coin BUT I will not mine it without the change. Then if you did change I would probably mine immediately and for quite a while, because everything else about this seems good to my "prospectors instincts".